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.
- October 5, 2015- The new Mendenhall Valley Library held a soft opening Monday, Oct. 5.
- - Juneau firefighters remembered those who have made the ultimate sacrifice in the line of duty.
- - The skull belonged to a female Native American at least 40 years of age and likely dates to before the 1700s.
- October 4, 2015- Crayfish are originally from the Pacific Northwest and as with many invasive species, it’s anyone’s guess how they got to Kodiak.