Alaska Permanent Fund Corp., Juneau, returned 10.5% for the fiscal year ended June 30, below the composite benchmark return of 11.4%, according to a news release from the $46.3 billion sovereign wealth fund.
Equity returns were the main drivers for the year as domestic equity returned 22.4%; global equity, 19.7%; private equity, 15.3%; and international equity, 12.3%. Infrastructure returned 10.7%; real estate, 10.3%; absolute return, 8.6%; real return/external CIO, 4.7%, non-U.S. bonds, 1.7% and U.S. bonds, 0.4%.
Real estate returns lag three months.