Alaskas Permanent Fund Investment Manager

Private Income Infrastructure, Private Credit, Income Opportunities

Board of TrusteesExperienced and Responsive

APFC is committed to meeting the performance objectives established by the Board of Trustees and achieving the goals set forth in APFCs Strategic Plan to develop and fully implement best-in-class asset allocation and asset class investment capabilities to produce target long-term total returns. Our investment performance and financial results are disclosed through monthly and annual reports.

PORTFOLIO NAMEMonday May 13, 2019Stocks$24,889,900,000.00Bonds$14,050,100,000.00Real Estate$5,577,000,000.00Private Equity$8,364,200,000.00Hedge Funds$3,643,500,000.00Infrastructure and Real Assets$2,514,800,000.00Cash$1,733,100,000.00Other$4,0009,400,000.00Total$64,782,000,000.00Fund Value

The Total Fund Value is comprised of thePrincipal (non-spendable)and theEarnings Reserve Account (spendable).The Fund market value, which is based upon the previous days market close, fluctuates daily based on the current market conditions.Monthly financial statementsreflect the current value of the Fund. Anannual reportis produced at the end of each fiscal year (July 1 June 30) which contains year end Fund values, performance and audit information.

HISTORICAL Values of PRINCIPAL & Earnings Reserve

HISTORICAL Values of PRINCIPAL & Earnings Reserve

Alaskas Permanent Fund Investment Manager

Private Income Infrastructure, Private Credit, Income Opportunities

Board of TrusteesExperienced and Responsive