On June 30th, APFC finished Fiscal Year 2021 by recording an all-time high value for the Alaska Permanent Fund of $81.1 billion. Preliminary results indicate the Fund returned 29.73 %, a record strong performance as well.
The unaudited results for the Fiscal Year show the Principal of the Fund, consisting of two parts, totaled $60.1 billion. The permanent savings contributions were valued at $46.9 billion, and there were $13.2 billion in unrealized gains.
The Earnings Reserve Account totaled $21.0 billion, consisting of four parts. The uncommitted realized earnings were valued at $9.3 billion, and there were $4.6 billion in unrealized gains. The ERA had $3.1 billion in committed realized earnings available for the FY22 POMV draw and $4.0 billion committed to the Principal as a Special Legislative FY22 Appropriation*.
An independent third party conducts an audit of the Alaska Permanent Fund’s financial statements on an annual basis. In accordance with our statutory obligation under AS 37.13.170, the audited financial statements are published in our annual report and made available to the public at the time of the Board of Trustees Annual Meeting. This year’s annual meeting will be held in Kodiak on September 28-29, 2021.
*Please note that the July 31, 2021, the start of the fiscal year 2022 financial statements, will reflect the deposit of the $4 billion to Principal.