The mission of the Alaska Permanent Fund Corporation (APFC) is to maximize the value of the Permanent Fund within return objectives.
- Achieve the target return within acceptable risk parameters.
|Mission Results||Core Services|
|A: Result - Maximize the value of the Fund|
|A1: Core Service - Achieve the target return within acceptable risk parameters.|
Target #1: The Fund's rate of return meets or exceeds the composite investment performance benchmark adopted by the Board
Permanent Fund total return versus Benchmark return
Analysis of results and challenges: Analysis of results and challenges: Over the course of Fiscal Year 2018 (FY18), the APFC team worked diligently to identify and act on opportunities to both invest new funds and realize gains appropriately, successfully outperforming the Total Fund performance benchmarks and the strategic return objective established by the Board of Trustees. The outperformance of the Total Fund versus the Passive Index Benchmark represents $1.7 billion in FY18, and more than $4.7 billion over 5 years in value added growth. This growth can be attributed to the APFC staff generating higher returns through active asset allocation and portfolio management.
The Alaska Permanent Fund’s investments gained 10.74 percent in FY18 and the Fund ended June 30, 2018, with a record total assets under management of $64.9 billion, comprised of $46.0 billion in the Principal of the Fund and $18.9 billion in the Earnings Reserve Account.
Our passion to cultivate Alaska’s global investments helps to maintain APFC’s esteemed international reputation as innovative leaders in our field. We have been selected to host the International Forum of Sovereign Wealth Funds in Juneau in September, 2019. During fiscal year 2018, APFC was recognized by Private Equity International as the North American Private Equity Investor of the Year. In addition, the Absolute Return program was selected as Institutional Investor's Sovereign Wealth Fund of the Year in Hedge Fund Investments. We are proud to share our knowledge and expertise on an international level, and continue to provide guidance and partnership to organizations and countries on effective investment practices. Bringing worldviews to Alaskans is important to us, as our international success directly benefits all Alaskans.
As we look ahead to the future of APFC, we recognize that the State is now looking to the Fund and its management in ways that have not been contemplated before. While our core mission and intent has not changed – to manage and invest the Fund for all generations of Alaskans – we recognize there is an ever greater need for transparency and resources in order to secure a reliable income stream for those depending upon it.
Current as of November 8, 2018