<!-- Swiftype Variables -->

Sovereign Wealth Funds

Alaska Permanent records 12.57% fiscal-year return

Alaska Permanent Fund Corp., Juneau, returned a gross 12.57% for the fiscal year ended June 30, surpassing its 10.25% performance benchmark, the $60.3 billion sovereign wealth fund announced Aug. 18.

The international equity portfolio returned 22.57% for the fiscal year, followed by private equity, 20.98%; domestic equity, 20.08%; global equity, 18.77%; global high-yield bonds, 10.8%; public/private credit, 9.59%; income opportunities, 9.52%; infrastructure, 8.55%; multiasset-class investments, 7.75%; absolute return, 7.22%; emerging market debt, 7.15%; real estate, 4.45%; U.S. investment-grade corporate bonds, 3.29%; real estate investment trusts, 1.54%; U.S. fixed-income aggregate, 0.62%; Treasury inflation-protected securities, -0.62%; and non-U.S. fixed income, -1.57%.

For the three and five years ended June 30, the fund returned an annualized 6.18% and 8.94%, respectively, ahead of its performance benchmark returns of 4.47% and 7.96%, respectively.