Alaska Permanent Fund
E353385
The Alaska Permanent Fund is a state-owned investment fund that manages revenue from Alaska’s oil and mineral resources to generate long-term financial returns for the benefit of current and future residents.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Alaska Permanent Fund canonical | 3 |
| Alaska Permanent Fund Corporation | 2 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
sovereign wealth fund
ⓘ
state-owned investment fund ⓘ |
| abbreviation | APF ⓘ |
| beneficiary |
current Alaska residents
ⓘ
future Alaska residents ⓘ residents of Alaska ⓘ |
| boardAppointedBy | Governor of Alaska ⓘ |
| boardConfirmedBy |
Alaska State Legislature
ⓘ
surface form:
Alaska Legislature
|
| category | sovereign wealth funds of the United States ⓘ |
| constitutionalArticle | Article IX Section 15 ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| dividendType | annual cash dividend to eligible Alaska residents ⓘ |
| established | 1976 ⓘ |
| establishedBy | constitutional amendment approved by Alaska voters ⓘ |
| foundedBy |
Alaska
ⓘ
surface form:
State of Alaska
|
| fundingSource |
bonuses
ⓘ
federal mineral revenue-sharing payments ⓘ lease rentals ⓘ mineral revenues ⓘ oil revenues ⓘ royalties from oil production ⓘ severance taxes ⓘ |
| governedBy | Board of Trustees ⓘ |
| hasFeature |
designed to convert non-renewable resource wealth into financial assets
ⓘ
earnings can be appropriated by the Alaska Legislature ⓘ principal is protected by the Alaska Constitution ⓘ |
| headquartersLocation |
Juneau
ⓘ
surface form:
Juneau, Alaska
|
| investmentType | global diversified portfolio ⓘ |
| investsIn |
absolute return strategies
ⓘ
fixed income ⓘ infrastructure ⓘ private equity ⓘ public equities ⓘ real estate ⓘ |
| legalBasis | Alaska Constitution ⓘ |
| managedBy |
Alaska Permanent Fund
self-linksurface differs
ⓘ
surface form:
Alaska Permanent Fund Corporation
|
| notableFor |
funding a universal dividend program for state residents
ⓘ
one of the earliest modern sovereign wealth funds ⓘ |
| owner |
Alaska
ⓘ
surface form:
State of Alaska
|
| paysDividendsThrough |
Alaska Permanent Fund Dividend program
ⓘ
surface form:
Alaska Permanent Fund Dividend
|
| purpose |
generate investment earnings for the State of Alaska
ⓘ
provide long-term benefits to current and future Alaska residents ⓘ save a portion of Alaska’s non-renewable resource revenues ⓘ |
| relatedProgram |
Alaska Permanent Fund Dividend program
ⓘ
surface form:
Alaska Permanent Fund Dividend
|
| revenueType | resource revenue ⓘ |
| sector | public finance ⓘ |
| state | Alaska ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Alaska Permanent Fund Corporation
this entity surface form:
Alaska Permanent Fund Corporation