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 May 31, 2026
Rate of Return 11.94% FYTD and 6.70% over 5 years as of May 31, 2026
The Fund, Its Structure & Impact
50 Years of Alaska Permanent Fund logo

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

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Fund News

APFC Governance Committee Reviews Proposed Benchmarking Charter

July 20, 2026

JUNEAU, Alaska – July 20, 2026 – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee reviewed a proposed charter to establish a Benchmark Review Committee, an advisory body that would periodically evaluate the performance benchmarks identified in APFC’s Investment Policy and ensure they remain appropriate, transparent, and aligned with the Fund’s long-term objectives.

“Strong governance depends on clear standards for measuring investment performance,” said Ethan Schutt, Chair of the Governance Committee. “A consistent, transparent review process strengthens oversight and helps ensure those standards remain aligned with the Fund’s objectives. I commend staff and advisors for bringing this forward.”

Read the full press release

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