OUR PERFORMANCE
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.
Permanent Fund Value
Permanent Fund Return
Total Fund Value
as of May 31, 2025
$83,125,800,000
Principal
$58.8B
Unrealized Gains: $12.5B
ERA Uncommitted
$5.9B
+ Committed FY26 POMV $3.8B
+ $0 Committed for FY25 Inflation Proofing + Unrealized Gains $2.1B
The FY25 Inflation-Proofing amount of $1 billion was repealed in HB53. This amount, which was previously shown as a commitment, is now included in the ERA's uncommitted 'spendable' realized earnings value.
Rate of Return
FYTD AS OF May 31, 2025
6.59%
9.45% over 5 years
DAILY MARKET VALUES
Assets Under Management
Unaudited, as of market close on Thursday July 17, 2025
The daily market values reflect all assets in the portfolio and their market valuations on a given day. The totals below have deducted investment-related liabilities, like pending purchases. They do not reflect APFC’s obligations, such as income distributable to the General Fund and operating expenses, which are reported on the monthly financial statements. Additionally, these values are adjusted to reflect only the Permanent Fund valuations without the Power Cost Equalization Endowment Fund and Alaska Mental Health Trust financials.
Thursday July 17, 2025
Stocks
$27,358,400,000
Bonds
$16,859,600,000
Private Equity
$14,588,600,000
Real Estate
$8,730,600,000
Private Income and Infrastructure
$7,595,300,000
Absolute Return
$5,910,900,000
Tactical Opportunities
$855,200,000
Cash
$2,259,400,000
Total
$84,158,000,000
Fund Value
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.