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.
- There has been no sign of progress in resolving the state's budget crisis. Special sessions typically cost $20,000 to $30,000 each day.
- Reliable food sources are more important to Steller sea lions than abundant prey.
- The nonpartisan Congressional Budget Office estimates that the GOP's Obamacare repeal-and-replace bill would also reduce the deficit and leave some sick Americans unable to buy coverage.
- A 60-year-old Juneau woman came home Tuesday night to find her door forced open, according to a Juneau Police Department news release. She chased two men out of her home, and then continued after them giving police updates on their location until their arrest, according to the police.