Media Inquiries
- For all media inquiries, please contact our Communications Team with “media inquiry” in the subject line.
- Media may also call 907.796.1500 or fax 907.463.1573 for additional information.
News and Press Releases
Resources & Links
Upcoming APFC Board of Trustees Meetings – September 5
August 28, 2024Beyond the Numbers: What Key Financial Statements & Balance Report Mean for Alaskans
July 31, 2024APFC Board Elects Officers, Takes Steps to Strengthen Governance
July 24, 2024APFC Governance Committee Advances Modernization Efforts
July 18, 2024Report Archive (Trustee Papers, Financial Statements, Performance Reports and more)
Board of Trustees Meetings Archive
Board of Trustees Resolutions
Fund Performance
History
APFC Quick Facts
The Alaska Permanent Fund Corporation (APFC) was created by the Alaska Legislature in 1980 as a quasi-independent state entity tasked with the important mission of prudently investing and managing the assets of the Alaska Permanent Fund. As one of the first sovereign wealth funds, and the largest state-level fund of its kind in the United States, the Alaska Permanent Fund (Fund) has gained world-wide recognition as a model for converting a non-renewable natural resource into a renewable financial resource.
The Alaska Permanent Fund Corporations operates as a separate state entity under the oversight of an independent, professional Board of Trustees who serve as fiduciaries of the Alaska Permanent Fund. The APFC Board of Trustees sets investment policy, reviews the portfolio’s performance, and works together with management to determine the Corporation’s strategic direction.
Viewed as one of the largest, most effective, and globally-positioned institutional investors among U.S. investment plans, the Permanent Fund is also positioned to participate fully in the future economic opportunities in both industrialized and high-growth emerging markets. To that end, APFC is actively partnering with leading investment managers and institutional investors operating on each major continent with the objective of gaining access to the most compelling investment opportunities around the globe as they arise.
By adhering to an investment practice which ensures investment efficiency (whereby investment returns are compensated for the risks under taken), prudent diversification, and best-in-class access to compelling opportunities, APFC hopes to continue its history as being among the best-managed sovereign wealth funds in the world, all while helping to serve Alaska’s current and future generations for many decades to come.
APFC is committed to meeting the performance objectives established by the Board of Trustees and achieving the goals set forth in APFC’s Strategic Plan to develop and fully implement best-in-class asset allocation and asset class investment capabilities to produce target long-term total returns. Our investment performance and financial results are disclosed through monthly and annual reports.
The Total Fund Value is comprised of the Principal (non-spendable) and the Earnings Reserve Account (spendable). The Fund market value, which is based upon the previous day’s market close, fluctuates daily based on the current market conditions. Monthly financial statements reflect the current value of the Fund. An annual report is produced at the end of each fiscal year (July 1 – June 30) which contains year end Fund values, performance and audit information.
APFC FY23 Annual Report
The Alaska Permanent Fund Corporation is viewed through many lenses – an investor, an accountant, a manager, a leader, a steward, a student, and an Alaskan – each bringing a unique perspective on the value and potential of the Alaska Permanent Fund, a world-class financial resource.
At APFC, our passion for investing, decades of financial experience, and steadfast commitment to our fellow Alaskans all contribute to protecting the Fund.
Photos:
APFC Board of Trustees 2023: (from left to right) Jason Brune, Gabrielle "Ellie" Rubenstein, Adam Crum, Ethan Schutt, Craig Richards, and Ryan Anderson
Deven Mitchell, APFC Executive Director
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
APFC Office, Juneau, Alaska
An Alaskan's Guide to the Fund
Alaska is more reliant than ever on the Permanent Fund. We are pleased to present the 2020 edition of "An Alaskan's Guide to the Permanent Fund."
This booklet offers the basics on the Alaska Permanent Fund, its history, how APFC manages and invests these assets, and its essential role in Alaska's future.