Quarterly Letter to Members – June 2024
Series II is Open for Deposits
Series II seeks to attain the highest level of return consistent with the objectives of preservation of capital and liquidity.
To read about Series II visit amlip.org and find the Series II Supplement document.
Contact Blake Phillips at blake@apcm.net or Lindsey Cashman at lindsey@apcm.net at Alaska Permanent Capital Management with any questions you have about joining Series II.
Fund Performance
Series I Recap
The month opened with a $805,392,996 balance and closed with a balance of $819,243,438. The seven-day effective yield ended the month at 4.54%. The monthly seven-day average effective yield for the month was 5.31%. Average maturity ended the month at 27 days.
At the end of the month, the Series I portfolio had 14% of its portfolio assets allocated to overnight investments/cash, corporate securities made up 13% of the assets, commercial paper represented 8%, CDs represented 9%, and Treasury & Agency represented 56%.
Series II Recap
The month opened with a $64,999,838 balance and closed with a balance of $70,375,143. The thirty-day SEC yield ended the month at 5.21%.
At the end of the month, the Series II portfolio had 4% of its portfolio assets allocated to overnight investments/cash, corporate securities made up 39% of the assets, commercial paper represented 10%, CDs represented 18%, and Treasury & Agency represented 29%.
Fund Comparison
On March 29th, 2024, the S&P AAA & AA Rated GIP Tax 30 Day Yield Index was 5.36%, the Series I Pool’s 7-day SEC effective rate was 5.32%, and the Series II Pool’s 30-day SEC effective rate was 5.51%. All Pool rates are quoted net of fees and expenses.
AMLIP Board Members
Cheyenne Heindel – President
Matanuska-Susitna Borough
Melissa Haley
City & Borough of Sitka
Mason Villarma
City & Borough of Wrangell
Kris Erchinger
City of Whittier
Angie Flick – Vice President
City & Borough of Juneau
Jody Tow – Treasurer
Petersburg Borough
Brennan Hickok
AMLJIA
Nils Andreassen – Executive Director
Alaska Municipal League
AMLIP Membership
Adak, City of
AIDEA
Akutan, City of
Alaska Association of Municipal Clerks
Alaska Govt Finance Officers Association
Alaska Municipal League
Alaska Municipal Management Association
Aleknagik, City of
Aleutians East Borough
AML/JIA
Anchorage Community Development Corporation
Angoon, City of
Annette Island School District
Atka, City of
Atqasuk, City of
Bethel, City of
Brevig Mission, City of
Bristol Bay Borough
Chevak, City of
Chuathbaluk, City of
Cold Bay, City of
Cordova, City of
Delta Junction, City of
Denali Borough
Dillingham, City of
Eagle, City of
Eek, City of
Egegik, City of
Elim, City of
Fairbanks North Star Borough
Fairbanks, City of
False Pass, City of
Fort Yukon, City of
Galena, City of
Gustavus, City of
Haines, City and Borough
Homer, City of
Hoonah, City of
Huslia, City of
Juneau, City and Borough
Kachemak, City of
Kake City School District
Kenai Peninsula Borough
Kenai, City of
Ketchikan Gateway Borough
King Cove, City of
Kodiak Island Borough
Kodiak, City of
Kotzebue, City of
Koyuk, City of
Manakotak, City of
Marshall, City of
Matanuska-Susitna Borough
McGrath, City of
Mekoryuk, City of
Mekoryuk, Village of
New Stuyahok, City of
Nome, City of
North Pole, City of
Northwest Arctic Borough
Nulato, City of
Old Harbor, City of
Palmer, City of
Pelican City School District
Pelican, City of
Petersburg School District
Petersburg Borough
Pilot Station, City of
Pribilof School District
Quinhagak, City of
Sand Point, City of
Selawik, City of
Seldovia, City of
Seward, City of
Sitka, City and Borough
Soldotna, City of
Southwest Alaska Municipal Conference
St. Paul, City of
Tenakee Springs, City of
Toksook Bay
Unalakleet, City of
Unalaska, City of
Upper Kalskag, City of
Utqiagvik, City of
Wasilla, City of
Whale Pass, City of
Whittier, City of
Wrangell School District
Wrangell, City and Borough
Yakutat, City and Borough
