Media Contacts and Resources
Alaska Permanent Fund Corporation
801 W 10th Street, Suite 302
Juneau, AK 99801
General Inquiries: email@example.com
Paulyn Swanson, Director of Communications
News and Press Releases
Report Archive (Annual Reports, Trustee Papers, Financial Statements, Performance Reports and more …. )
Board of Trustees Meetings Archive
Board of Trustees Resolutions
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 FY21 Annual Report
Forty-five years ago, visionary Alaskans voted to establish the Alaska Permanent Fund. As the Fund’s investment manager, the Alaska Permanent Fund Corporation works to benefit all Alaskans through our responsible stewardship of Alaska’s largest renewable financial asset. Under the guidance of the appointed Board of Trustees, with support from the Executive and Legislative branches for resources, and with reporting transparency for our Alaskan stakeholders, APFC will always be INVESTED WITH ALASKANS.
APFC Board of Trustees 2021: Trustee Ethan Schutt, Chair Craig Richards, Vice-Chair Lucinda Mahoney, Trustee Corri Feige, Trustee Steve Reiger, Trustee William G. Moran
APFC Board of Trustees Quarterly Meeting 2022: Acting ED Valerie Mertz, CIO Marcus Frampton, Trustee William G. Moran, Chair Craig Richards, Vice-Chair Lucinda Mahoney, Trustee Ethan Schutt, Trustee Steve Reiger, Trustee Corri Feige.
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.