Eight Asset Classes form the Fund’s Foundation
Asset Class Portfolios
APFC’s investment management strategy relies on a combination of efficient asset allocation and effective investment within each asset class portfolio it manages. The Fund is invested across public and private markets in eight distinct asset classes, each with a targeted investment objective and risk profile. Together, they form a diversified foundation for long-term growth. While the Fund’s overall asset allocation sets the long-term mix of investments, each portfolio is actively managed to optimize results within its investment universe.
Understanding Our Eight Asset Classes
Asset Allocation Structure
Asset classes are managed by a dedicated team of investment professionals focused on achieving best-in-class overall performance. Investments are spread across most markets, countries, and currencies to achieve broad exposure to global growth and value creation opportunities. The Fund’s long-term horizon and scale allow APFC to pursue strategies aligned with the return objectives set by the Board. The Fund is invested across public and private assets, through eight asset classes.
Asset Allocation Approval
Policy & Oversight
The Alaska Permanent Fund Corporation’s asset allocation is approved by the Board of Trustees within the APFC Investment Policy. The policy is reviewed annually and structured to deliver long-term, risk-adjusted returns for the benefit of all Alaskans. The Board’s asset allocation decisions are based on long-term return and risk expectations, not short-term market forecasts, reflecting the Fund’s enduring mandate and time horizon.
INVESTMENT POLICY