The Alaska Permanent Fund’s (Fund) investments gained 2.13% during the first quarter of fiscal year 2019 (FY19) and the Fund ended September 30, 2018 with total assets under management valued at $63.9 billion (unaudited). The Fund is comprised of two accounts, the Principal and the Earnings Reserve Account (ERA), that are invested using the same asset allocation with pro-rata shares attributed to each account. As of September 30, 2018, the value of the Principal is $46.9 billion and the value of the ERA is $17.0 billion. The 5.25% POMV (percent of market value) draw of $2.7 billion in FY19 to pay for government services and the 2018 fall dividend has been partially distributed with a transfer of $1.4 billion to the general fund. The remainder of the draw equaling $1.3 billion remains invested in the Fund and recorded as a liability for transfer through-out the remainder of the fiscal year.
Angela Rodell, APFC’s CEO, notes that “diversification and meaningful allocations to private market assets continue to benefit the Fund. As the market becomes increasingly volatile, it is more important than ever to remember we invest with a 10, 25, 50 year or longer time horizon. Our APFC team continues to be focused on building real financial wealth and resources for the State of Alaska.” …
Performance overviews and updates for each asset class will be presented to APFC’s Board of Trustees during their quarterly meeting on December 11-12, 2018 in Juneau. Additional detailed information can be found at apfc.org and the following link for the Alaska Permanent Fund’s financial statements and investment performance.
Full press release for more information: 2018NOV02_APFC FY19 Q1