The Alaska Permanent Fund Corporation reported a return of .02 percent for the fiscal year. The total value of the fund is sitting at $40.3 billion.
“It was a volatile year for the global stock markets, particularly overseas markets,” said Michael Burns, CEO, in a press release. “Stocks make up about half of the Fund’s investments, so they had the largest impact on our performance. “
The Fund’s U.S. stock portfolio returned 2.3 percent. The non-U.S. portfolio returned -14.6 percent while the global portfolio returned -4.7 percent according to the press release.
The Permanent Fund earned $1.6 billion in statutory net income. This income comes from real estate properties, dividends from stocks, interest on bonds and the sale of assets.
The Permanent Fund Dividend is calculated by averaging five years of the statutory net income.
This year, $605 million will be transferred for the fall dividend payment. Last year, the APFC transferred $801 million to the Permanent Fund Dividend Division for the fall payment.
- Friday is likely to be the first time uniformed Juneau police officers have marched in their sister city's Canada Day parade.
- The Missile Defense Agency announced Thursday a contract with the state-run launch facility that could be worth as much as $80 million over the next six years.
- An ordinance that would have removed the invocation, or prayer, from the start of Kenai Assembly meetings proved to be such a hot topic that it was dropped before even being officially taken up.
- The Muslim holy month of Ramadan, when Muslims fast from sun up until sun down, is drawing to a close.