Alaska Permanent Fund Corp., Juneau, returned a net 29.7% for the fiscal year ended June 30.
The $81.8 billion sovereign wealth fund's return exceeded its performance benchmark return of 27.8% for the period, a performance report on the fund's website shows.
For the three and five years ended June 30, APFC returned an annualized net 12.1% and 12%, respectively, above the respective benchmarks of 11.9% and 11%.
The sovereign wealth fund returned a net 2% for the fiscal year ended June 30, 2020.
For the most recent fiscal year, APFC's private equity and special opportunities asset class had the highest net return among its asset classes, at 64.6% (above its 54.2% benchmark), followed by public equities at a net 46.9% (above its 40.9% benchmark).
The sovereign wealth fund's risk parity asset class returned a net 23.3% (below its 25% benchmark), followed by the private income and infrastructure asset class at 18.1% (18.5%); absolute return, 12.4% (27.5%); fixed income, 3.7% (2.9%); and real estate, 1.4% (7.4%).
As of June 30, the actual allocation was 38.1% public equities; 20.5% fixed income; 18.2% private equity and special opportunities; 7.3% private income and infrastructure; 6.8% real estate; 5.6% absolute return; 2.5% cash; and 1% risk parity.
