Want to know more about the Fund’s mid-fiscal year 2021 values, as well as more about the Fund’s history, its structure, and APFC’s stewardship role? Get informed – At-A-Glance – PDF At-A-Glance – On the Web
Notice of APFC Regulation Changes
APFC’s investment authority under AS 37.13.120 (a) Investment Responsibilities requires the Board of Trustees to adopt regulations “specifically designating the types of income-producing investments eligible for investment of fund assets” in accordance with the prudent investor rule. AS 37.13.206 Regulations guides this process, including the public notice requirements. APFC is proposing to amend the regulation regarding the investment of permanent …
Trustees Review First Quarter Performance and Consider Capital Market Insights
Juneau – The Board of Trustees held its quarterly meeting via webinar on December 9-10, 2020 to consider the Alaska Permanent Fund’s first-quarter investment performance and associated capital markets insights. … Marcus Frampton, Chief Investment Officer, recognizes that “the expected return environment for institutional portfolios today are challenged by high stock valuations and low-interest rates that are prevailing. Staff’s two …
Opinion Piece from APFC’s Board of Trustees
Trustees Explore Best Practices to Sustain the Permanent Fund With the State relying on the Alaska Permanent Fund’s realized earnings for more than 70% of its unrestricted general funds, the Alaska Permanent Fund Corporation’s Board of Trustees is keenly focused on the Fund’s ability to provide both enduring intergenerational equity and reliable income-generation. This paradigm brings its own set of …
How is the Alaska Permanent Fund Structured?
The Alaska Permanent Fund Corporation emphasizes transparency in everything we do, and we want Alaskans to know how to manage the Fund and what we’re planning for the future. Watch this short video that explains how it works and how it’s used to benefit all Alaskans.
Alaskans’ Guide to the Permanent Fund
As one of the most important sources of funding for Alaska’s state government, the Permanent Fund is the subject of great interest to Alaskans. As with any large, complex financial mechanism, public and legislative discussion of the Permanent Fund can get overly technical and challenging to understand by people who are not financial experts. We are pleased to publish this …
How Does APFC Make Money for Alaska?
Stocks and bonds are just two of the ways we invest the Permanent Fund to make money for Alaska and grow the Fund. Watch this video to learn more about what we invest in – and don’t be surprised if it’s somewhere you’ve been.
APFC’s Board of Trustees Annual Meeting 2020
The Board of Trustees reviewed the fiscal year 2020 (FY20) investment performance of the Alaska Permanent Fund (Fund), approved a budget proposal to bring forth for inclusion in the FY22 operating budget, considered an overview of risk as it relates to the portfolio, and accepted the Annual Audit presented by KPMG. Angela Rodell, Chief Executive Officer, notes in reaction to …
What is the Alaska Permanent Fund?
The Permanent Fund can be tricky to understand. As a corporation dedicated to managing this fund, we put together a video to help you understand Alaska’s greatest financial asset – and where it came from. Check back later because we’re putting together videos on a series of topics to help you understand the Fund, its role in Alaska and more!
2020 Annual Report is available
Fiscal year 2020 started out very promising but by midyear the Fund’s investment staff decided to shift to a more conservative position with an overweight in asset allocation to bonds and cash. This proved to be a very prescient move when global markets crashed in March due to the COVID-19 pandemic. Through prudent management and opportunistic positioning, the Fund recovered most …