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.

Our vision is to deliver OUTstanding returns

for the benefit of all current and future generations of alaskans

Total Fund Value

as of August 31, 2021

$80,867,500,000

Principal Total $66.9 Billion | ERA Total  $14.0 Billion

Principal

$66.9 B

Contributions: $51.0 B | Unrealized Gains: $15.9 B

ERA Uncommitted

$7.3 B

+ Committed FY23 POMV $3.4 B + Unrealized Gains $3.3 B = Total of $14.0 B

Value Added

AS OF June 30, 2021

$5.7 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF August 31, 2021

FYTD 2022 1.46%

11.58% OVER 5 YEARS

APFC Board of Trustees discusses Fiscal Year 2021 Performance at Annual Meeting in Kodiak September 29, 2021

Kodiak – The Board of Trustees met to review the fiscal year 2021 (FY21) investment performance of the Alaska Permanent Fund (Fund), strategic and background information from several of APFC’s investment partners and members of the Investment Advisory Group, as well as electing corporate officers and approving a budget proposal which will be brought forth for inclusion in the FY23 operating budget.

As published in the Fiscal Year 2021 Annual Report, the Fund grew from $65.3 billion at the end of FY20, closing the fiscal year 2021 with a historic high total value of $81.9 billion. Now supporting more than 73% of the State of Alaska’s unrestricted spending, the Permanent Fund transferred $3.1 billion through the statutory Percent of Market Value (POMV) draw to the State in FY21. This rules-based structure allowed for a 5.25% annual draw from the Fund (statutorily decreasing to 5% beginning in FY22).

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Fund News


Fund News

APFC Board of Trustees discusses Fiscal Year 2021 Performance at Annual Meeting in Kodiak September 29, 2021

Kodiak – The Board of Trustees met to review the fiscal year 2021 (FY21) investment performance of the Alaska Permanent Fund (Fund), strategic and background information from several of APFC’s investment partners and members of the Investment Advisory Group, as well as electing corporate officers and approving a budget proposal which will be brought forth for inclusion in the FY23 operating budget.

As published in the Fiscal Year 2021 Annual Report, the Fund grew from $65.3 billion at the end of FY20, closing the fiscal year 2021 with a historic high total value of $81.9 billion. Now supporting more than 73% of the State of Alaska’s unrestricted spending, the Permanent Fund transferred $3.1 billion through the statutory Percent of Market Value (POMV) draw to the State in FY21. This rules-based structure allowed for a 5.25% annual draw from the Fund (statutorily decreasing to 5% beginning in FY22).

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  • 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 $81 billion. Want to know how we did it?

  • 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.

  • 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.

  • 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.

  • 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.

  • Learn about APFC’s strategies, investments and people in the 2020 Annual Report.

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BONDS

The Fixed Income Plus portfolio acts as an anchor to the Fund and is comprised of Bonds, Emerging Market Debt, TIPS, REITs, 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