Alaska Permanent Fund Corp., Juneau, announced a preliminary return of 2.01% for the fiscal year ended June 30.
The $64.7 billion sovereign wealth fund's preliminary return was 4 basis points below its primary benchmark return of 2.05%, according to a news release Monday.
For the three and five years ended June 30, APFC returned an annualized 6.3% and 6.4%, respectively, above the respective benchmarks of 5.9% and 6.2%.
For the fiscal year ended June 30, 2019, the sovereign wealth fund returned 6.3%.
The fund's best-performing asset class was fixed income plus, which returned 4.2% for the fiscal year ended June 30 (above its benchmark of 3.2%), followed by its private equity and special opportunities asset class, which returned 1.9% (below its 2.1% benchmark.)
The next best-performing asset class for fiscal year 2020 was absolute return, which returned 1.5% (above its benchmark of -0.5%), followed by public equities plus foreign-exchange overlay at 0.4% (below its 1.2% benchmark); real estate, -0.2% (5.3%); asset allocation, -0.3% (2%); and infrastructure and income opportunities, -0.4% (-7.7%).
Whether the returns were gross or net of fees could not be immediately learned.
As of June 30, the actual allocation was: 39.1% public equities plus foreign-exchange overlay; 21.9% fixed income plus; 14.5% private equity and special opportunities; 6.9% infrastructure and income opportunities; 6.1% real estate; 5.8% asset allocation; and 5.7% absolute return.
APFC spokeswoman Paulyn Swanson could not be immediately reached to provide further information.
