Permanent Fund returns 1.24% in Q1

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Fluctuating stock markets led the $65 billion Permanent Fund to return 1.24 percent during the first quarter of the 2020 state fiscal year, according to results published Friday by the Alaska Permanent Fund Corp.

The fund finished the quarter Sept. 30 with a market value of $64.1 billion and had an unaudited value of $65.6 billion as of Oct. 31, according to the APFC.

Broken down, the $64.1 billion included $47.9 billion in principal portion of the fund and $16.2 billion in the Earnings Reserve Account, which holds the portion of the fund that is available for spending by the Legislature.

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