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 October 31, 2022

$72,520,100,000

Principal Total $59.9 Billion | ERA Total  $12.6 Billion

Principal

$59.9 B

Contributions: $51.9 B | Unrealized Gains: $8 B

ERA Uncommitted

$3.5 B

+ Committed FY24 POMV $3.5 B + Unrealized Gains $1.7 B + Inflation Proofing $3.9 B = Total of $12.6 B

Value Added

AS OF June 30, 2022

$18.4 B

VS PASSIVE BENCHMARK OVER 10 Years

Rate of Return

FYTD AS OF October 31, 2022

FYTD 2023 -1.78%

7.48% OVER 5 YEARS

Upcoming Board of Trustees Meetings November 28, 2022

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Governance Committee Meeting and a regular Quarterly Meeting on the following dates:

December 5, 2022 – Governance Committee Meeting – 9:00-11:00 a.m. – The public is invited to attend this meeting via Webinar (information listed in the agenda below), or telephonically.

December 7-8, 2022 – Quarterly Meeting – (times vary, see agenda) – The public is invited to attend this meeting in person, via Webinar (information listed in the agenda below), or telephonically.

Please see the agendas for more details.

12.05.22 Governance Committee Agenda
12.05.22 Governance Committee Meeting Packet
12.7-8.22 BOT Quarterly Meeting Agenda


Fund News


Fund News

Upcoming Board of Trustees Meetings November 28, 2022

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Governance Committee Meeting and a regular Quarterly Meeting on the following dates:

December 5, 2022 – Governance Committee Meeting – 9:00-11:00 a.m. – The public is invited to attend this meeting via Webinar (information listed in the agenda below), or telephonically.

December 7-8, 2022 – Quarterly Meeting – (times vary, see agenda) – The public is invited to attend this meeting in person, via Webinar (information listed in the agenda below), or telephonically.

Please see the agendas for more details.

12.05.22 Governance Committee Agenda
12.05.22 Governance Committee Meeting Packet
12.7-8.22 BOT Quarterly Meeting Agenda


  • 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?

    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 FY22 an interesting year in the APFC Annual Report: Perspectives. Learn more about APFC’s strategies, investments and staff in the latest Annual Report.

    Read the Report...

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