Alaska Permanent Fund, Juneau, returned 17.1% for the fiscal year ended June 30, according to unaudited figures released today. The $37.8 billion fund had a real return of 13.8% after inflation, according to Laura Achee, spokeswoman.
Every asset class notched positive returns for the fiscal year. International equity led with 31.6%, while the funds U.S. equity portfolio returned 19.2%. Domestic bonds returned 6.2%, and non-U.S. bonds returned 2.8%. The real estate portfolio returned 18.1%, and the absolute return portfolio, 13.6%.
The funds target asset allocation is 27% U.S. equity, 23% U.S. bonds, 14% global equity, 13% international equity, 10% real estate, 4% each in private equity and absolute return strategies, 3% non-U.S. bonds and 2% infrastructure, according to its website.