Investing for Alaska

Managing Alaska's Sovereign Wealth Fund

Alaska Permanent Fund Corporation

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, including the Alaska Mental Health Trust Fund and Power Cost Endowment Fund. The APFC Board of Trustees has established Bylaws, Governance and Investment Policies, and Resolutions to support an efficient and effective management structure.
$734,000
Preliminary Fund Value as of August 31, 2026
Rate of Return 0.87% FYTD and 6.11% over 5 years as of August 31, 2026
The Fund, Its Structure & Impact
50 Years of Alaska Permanent Fund logo

Stewardship for Generations

Celebrating 50 Years of the Alaska Permanent Fund

The Alaska Permanent Fund was created by Alaskans, for Alaskans, to transform a finite natural resource into lasting, renewable value for generations to come. By investing a portion of Alaska's oil revenues, the Fund helps secure long-term financial stability for the state, supports public services, and protects the future of Alaska's economy, ensuring today's resource wealth continues to benefit Alaskans well beyond the present.
The Fund at 50

Stay Informed

Fund News

APFC Holds Annual Meeting of the Board of Trustees in Nome

October 1, 2026

APFC Board and Staff in NomeNOME, Alaska – October 1, 2026 – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees convened its Annual Meeting on September 30 and October 1, 2026, in Nome and online. Trustees reviewed Fiscal Year (FY) 2026 Fund performance, received an in-depth review of the Real Estate portfolio, adopted an updated Investment Policy Statement, and established a Benchmark Review Committee. As part of its annual governance responsibilities, the Board also elected its corporate officers, reelecting Jason Brune as Chair and Ethan Schutt as Vice Chair. Schutt will also continue to serve as Chair of the Governance Committee.

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APFC Releases 2026 Annual Report

September 28, 2026

APFC Board of Trustees Annual Meeting – September 30-October 1, 2026

September 21, 2026

Fiscal Year Changes in Fund Value: Explained

September 4, 2026

APFC Board Approves Audited FY26 Financials and Advances FY28 Budget Proposal

September 2, 2026

Board of Trustees Meetings

Public Equities

Performance

Perspectives

Permanent Fund Origins  

Stewarding Alaska’s Future

Listen to APFC Executive Director & CEO Deven Mitchell discuss the history and mission of the Fund, and what serving as the Corporation's leader means to him.

People Behind the Fund
People Behind the Fund - Meet Deven Mitchell

Governance is Good Business

Governance

Governance serves as the foundation for our accountability, independence, and long-term success. It includes the laws, policies, procedures, and oversight frameworks that direct how the Corporation operates and how the Alaska Permanent Fund is managed for both current and future generations. Critical factors for APFC’s governance success include effective independent management and organizational structure, adherence to accountability standards, clearly defined legal and regulatory responsibilities, established policies and procedures, and leadership in setting best-practice standards.

GOVERNANCE