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 …
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 …
APFC Board of Trustees Risk Workshop
The Alaska Permanent Fund Corporation (APFC) will hold a Board of Trustees Risk Workshop on November 5, 2020 telephonically. The public is invited to attend this meeting by webinar. Please see the Packet (linked below) for information. The agenda item is informational only, no board action will take place. Risk Workshop Packet_BOT_2020.11.05
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 …
APFC Board of Trustees Annual Meeting
The Alaska Permanent Fund Corporation (APFC) will hold its Annual Meeting of the Board of Trustees on September 23-24, 2020 telephonically via WebEx. The public is invited to attend the meeting by webinar; there will be opportunity for public comment and participation on September 23. Please indicate your interest in providing public testimony when registering with WebEx. Links are provided …
July 31 Financial Statements
Start of FY21 financial statements for the Alaska Permanent Fund are now available. As of July 31, 2020, the Alaska Permanent Fund has an unaudited total value of $63.6 billion. The Principal value is $53.3 billion; which includes $46.6 billion in constitutionally protected deposits $6.7 billion in unrealized gains The value of the Earnings Reserve Account (ERA) is $10.3 billion; …
June 30 Financial Statements Revision
The June 30, 2020 financial statements for the Alaska Permanent Fund have been revised. The revision reflects an increase in the Fund’s unrealized gains for private market holdings based upon the most recent valuation information available. Based on the revised, June 30, 2020 financial statements at the fiscal year-end 2020, the Alaska Permanent Fund had a total value of $65.3 …