Alaska Permanent Fund Corp., Juneau, returned 6.32% for the fiscal year ended June 30, according to a report for a board meeting scheduled this week.
The $66.3 billion sovereign wealth fund's fiscal year returns fell short of the primary benchmark return of 7.5%.
For the three, five and 10 years ended June 30, APFC returned an annualized 9.96%, 7.13% and 9.22%, respectively, exceeding the respective benchmarks of 8.97%, 6% and 8.71%.
The permanent fund returned a gross 10.74% in the fiscal year ended June 30, 2018.
The fund's private equity and special opportunities asset class returned 19.18% (above its 12.71% benchmark return) for the fiscal year ended June 30, followed by the infrastructure and income opportunities asset class, which returned 10.94% (below its benchmark return of 13.61%).
The next best-performing asset class for fiscal year 2019 was fixed income plus, which returned 9.28% (above its benchmark return of 8.6%), followed by public equities plus FX overlay, which returned 2.96% (below its benchmark return of 4.56%), asset allocation strategies which returned 2.5% (below its 5.47% benchmark return); absolute return, 1.94% (1.36%); and real estate, -1.29% (6.83%).
Whether the returns were gross or net of fees could not be immediately learned.
As of June 30, the actual allocation was: 40% public equities plus FX overlay; 23% fixed income plus; 12% private equity & special opportunities; 7% infrastructure and income opportunities; 6% each, asset allocation and real estate; and 5% absolute return.
APFC spokeswoman Paulyn Swanson could not be immediately reached to provide further information.
