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.

The APFC Board of Trustees has established By-Laws, Governance and Investment Policies, and Resolutions to support an efficient and effective management structure.

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, 2024

$79,010,400,000

Rate of Return FYTD AS OF October 31, 2024: 2.56%

8.24% over 5 years

Chart.js Donut Charts

$79.0B

Unaudited
Fund Values
as of October 31, 2024

Learn more about the Fund's Structure

Fund News


Fund News

December 10-11, 2024 Quarterly Meeting November 26, 2024

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on December 10-11, 2024 at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, information on surety bond requirements, Absolute Return asset class presentations, and more. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.

The public is invited to attend this meeting in person, via Teams Webinar, or telephonically (please see the agenda for details). There will be an opportunity for public comment and participation on both days (times listed in the agenda).

*Please note that we are transitioning to using Teams Webinars for Board Meetings, which may require some extra time when registering for the first time. Please be aware of the change and allow yourself a few extra minutes.

December 10-11, 2024 APFC Board of Trustees Quarterly Meeting Agenda


EDUCATION

  • 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 $79.0 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.

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  • 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 FY24 an interesting year in the APFC Annual Report: Illuminating the Future. Learn more about APFC’s operations, strategies, and investments in the latest Annual Report.

    The Cover of the 2024 Annual Report showing northern lights above a mountain rangeRead 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