Investing for Alaska

Managing Alaska's Sovereign Wealth Fund

Alaska Permanent Fund Corporation

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, including the Alaska Mental Health Trust Fund and Power Cost Endowment Fund. The APFC Board of Trustees has established Bylaws, Governance and Investment Policies, and Resolutions to support an efficient and effective management structure.
$734,000
Total Fund Value as of March 31, 2026
Rate of Return 6.44% FYTD and 6.58% over 5 years as of March 31, 2026
The Fund, Its Structure & Impact

Stewardship for Generations

Celebrating 50 Years of the Alaska Permanent Fund

The Alaska Permanent Fund was created by Alaskans, for Alaskans, to transform a finite natural resource into lasting, renewable value for generations to come. By investing a portion of Alaska's oil revenues, the Fund helps secure long-term financial stability for the state, supports public services, and protects the future of Alaska's economy, ensuring today's resource wealth continues to benefit Alaskans well beyond the present.
The Fund at 50

Stay Informed

Fund News

Alaska Permanent Fund Recognized as Top Long-Term Performer in Third-Party Review

May 4, 2026

JUNEAU, Alaska – May 1, 2026 – The Alaska Permanent Fund was recognized as the largest U.S.-based sovereign wealth fund and the top-performing fund over the trailing five- and ten-year periods in RVK’s 2025 Survey of U.S. Sovereign Wealth Funds, released in April 2026.

“The Fund’s long-term performance reflects the strength of APFC’s investment strategy and a diversified portfolio built to withstand market environments,” said Marcus Frampton, APFC Chief Investment Officer. “APFC’s investment team manages the Fund with discipline, patience, and a focus on earning maximum risk-adjusted returns for the benefit of current and future generations of Alaskans.”

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APFC Board Marks 50 Years of the Fund and Reviews Asset Allocation

March 16, 2026

APFC Releases the 2026 Mid Fiscal Year Review

February 19, 2026

APFC Reviews Governance Recommendations

February 15, 2026

February 23-24, 2026 APFC Board of Trustees Quarterly Meeting

February 12, 2026

Board of Trustees Meetings

Public Equities

Performance

Perspectives

Permanent Fund Origins  

Stewarding Alaska’s Future

Listen to APFC Executive Director & CEO Deven Mitchell discuss the history and mission of the Fund, and what serving as the Corporation's leader means to him.

People Behind the Fund
People Behind the Fund - Meet Deven Mitchell

Governance is Good Business

Governance

Governance serves as the foundation for our accountability, independence, and long-term success. It includes the laws, policies, procedures, and oversight frameworks that direct how the Corporation operates and how the Alaska Permanent Fund is managed for both current and future generations. Critical factors for APFC’s governance success include effective independent management and organizational structure, adherence to accountability standards, clearly defined legal and regulatory responsibilities, established policies and procedures, and leadership in setting best-practice standards.

GOVERNANCE