WHO WE ARE

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.

The APFC Board of Trustees has established By-Laws, Governance and Investment Policies, and Resolutions to support an efficient and effective management structure.

Our vision is to deliver OUTstanding returns

for the benefit of all current and future generations of alaskans

Total Fund Value

as of January 31, 2024

$77,032,600,000

Principal

$56.7 B

Unrealized Gains: $11.5B

ERA Uncommitted

$2.2 B

+ Committed FY25 POMV $3.7 B
+ FY24 Inflation Proofing $1.4 B + Unrealized Gains $1.5 B

Rate of Return

FYTD AS OF January 31, 2023

3.50%

8.47% over 5 years

Featured image for “Alaska’s Renewable Revenue – High School Curriculum”

Alaska’s Renewable Revenue – High School Curriculum

February 29, 2024

Alaska Permanent Fund Corporation Launches Statewide Curriculum 

JUNEAU – Underscoring its commitment to educating Alaskans, the Alaska Permanent Fund Corporation (APFC) has partnered with the Alaska Resource Education (ARE) to create The Permanent Fund: Alaska’s Renewable Revenue. It’s a curriculum with engaging lessons and ready-to-go activity kits for Alaska’s educators to teach students about the Permanent Fund: Alaska’s Renewable Revenue.

“With an enduring dedication to our Alaskan stakeholders, we are pleased to announce the introduction of our high school curriculum,” noted APFC Board Chair Ethan Schutt. “This is a meaningful step forward, building upon the vision and direction of the Board to support our Alaska Youth in learning about the Alaska Permanent Fund.”

As part of the official launch in March, APFC is providing ready-to-go activity kits to the first 50 Alaska educators who sign up for the curriculum training.

Press Release - APFC Launches Statewide Curriculum Feb. 29, 2024
Learn More About the Curriculum

Fund News


Fund News

Alaska’s Renewable Revenue – High School Curriculum February 29, 2024

Alaska Permanent Fund Corporation Launches Statewide Curriculum 

JUNEAU – Underscoring its commitment to educating Alaskans, the Alaska Permanent Fund Corporation (APFC) has partnered with the Alaska Resource Education (ARE) to create The Permanent Fund: Alaska’s Renewable Revenue. It’s a curriculum with engaging lessons and ready-to-go activity kits for Alaska’s educators to teach students about the Permanent Fund: Alaska’s Renewable Revenue.

“With an enduring dedication to our Alaskan stakeholders, we are pleased to announce the introduction of our high school curriculum,” noted APFC Board Chair Ethan Schutt. “This is a meaningful step forward, building upon the vision and direction of the Board to support our Alaska Youth in learning about the Alaska Permanent Fund.”

As part of the official launch in March, APFC is providing ready-to-go activity kits to the first 50 Alaska educators who sign up for the curriculum training.

Press Release - APFC Launches Statewide Curriculum Feb. 29, 2024
Learn More About the Curriculum

EDUCATION

  • Ten years after Alaska achieved statehood, oil was discovered on the North Slope, which led to Alaskans voting to create a Permanent Fund to invest oil proceeds for future generations. The first deposit was $734,000. After 40 years of wise management, APFC has grown the Permanent Fund to more than $77.0 billion. Want to know how we did it?

    Find out more...

  • The Permanent Fund has two parts: the Principal and the Earnings Reserve Account (“ERA”). Both are invested together using the same asset allocation, but they are very different in how they can be used by law: the Principal is permanent savings, the ERA is available to spend.

    Find out more...

  • APFC is a team of financial and legal professionals. It operates as a separate state entity under the oversight of an independent, professional Board of Trustees, who serve as fiduciaries of the Fund. The Board sets investment policy, reviews the portfolio’s performance, and works with management to determine APFC’s strategic direction.

    Find out more...

  • It’s the APFC’s job to prudently manage the assets of the Alaska Permanent Fund. Our staff of professionals works with a team of international managers to invest the Permanent Fund’s billions across eight asset classes in both private and public markets. Under APFC’s stewardship, the Permanent Fund is recognized as one of the best-managed sovereign wealth funds in the world – well poised to serve Alaskans now and for many decades to come.

    Find out more...

  • The Permanent Fund has largely replaced oil as a source of unrestricted revenues for our state government, which means it is more important to Alaskans than ever. We are pleased to present this booklet, which offers the basics of the Alaska Permanent Fund, its history, how APFC manages and invests these assets, and its essential role in Alaska's future.

    Read the Guide...

  • Find out what made FY23 an interesting year in the APFC Annual Report: Trusted for Generations. Learn more about APFC’s strategies, investments and staff in the latest Annual Report.

    Read the Report...

GLOBAL CONFERENCE

Deven Mitchell APFC’s Executive Director shares his thoughts on the opportunities and challenges of a resource-based endowment.

BONDS

The Fixed Income Plus portfolio acts as an anchor to the Fund and is comprised of Bonds, Emerging Market Debt, TIPS, and Listed Infrastructure. During volatile market cycles, these assets provide stability and a source of liquidity to take advantage of market dislocations. Trading is…read more