Performance dips for APFC in FY22

After a year of record returns and explosive growth in global markets, fund performance of the Alaska Permanent Fund Corp. is down 1.32 percent for the fiscal year 2022.

However, the fund significantly outperformed the passive benchmark of -14.64 percent and the performance benchmark of -3.24 percent.

“The silver lining from a year where the fund did not achieve the level of returns our stakeholders need and expect, highlighted in this performance report, is that the fund outperformed its performance benchmark for nearly every asset class,” said Marcus Frampton, CIO of APFC. “With APFC’s prudent strategy and a well-diversified portfolio, our expert staff continued to identify interesting opportunities and generated returns greater than the passive index and our peer groups indices.”

The total return objective of inflation plus 5 percent, equal to 14.06 percent for fiscal year 2022, was not met, however, the Alaska Permanent Fund is composed of a well-d