The November History & Projections report and the monthly financial statements are now available.
With the publication of the November reports, we would like to highlight –
- Market conditions are strengthening, and as a result, the Fund values are recovering.
- While accounting net income, including realized and unrealized portfolio gains, has improved, it lags behind projections. Through November, accounting net income is $792.4 million FYTD 2024 vs Callan’s mid projection of $5,468 million for FY 2024.
- Statutory Net Income, the realized earnings of the Fund that are deposited into the Earnings Reserve Account, is also not as robust as projections. Through November, statutory net income is $1,404 million FYTD 2024 vs Callan’s mid projection of $3,839 million for FY 2024.
Prior to the November report, forecasts presented were based solely on Callan’s projections and did not incorporate actuals to date.
To provide Alaskan stakeholders with updated projections, moving forward through the remainder of the fiscal year 2024, APFC will include FYTD actuals and Callan’s projections for the rest of the fiscal year in the performance forecasts for accounting net income, Statutory Net Income, and fund values.