Investing for Alaska
Alaska Permanent Fund Corporation
Stewardship for Generations
Celebrating 50 Years of the Alaska Permanent Fund
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Fund News
Fiscal Year Changes in Fund Value: Explained
The Alaska Permanent Fund’s reported value decreases at the start of each fiscal year when the Percent of Market Value (POMV) draw is transferred out of the Earnings Reserve Account (ERA).
That annual POMV draw provides more than two-thirds of Alaska’s unrestricted general fund revenue, supporting state services and the dividend. Because realized earnings accumulate in the ERA and the annual POMV draw amount is committed there, changes in the Fund’s value often reflect this activity within the ERA.
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APFC Board of Trustees Meetings – September 2, 2026
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.
Governance is Good Business
Governance
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.