MOA Trust Fund 

Long Term Objective of the MOA Trust Fund

The investment objective of the Trust is to maintain the purchasing power of the Corpus and to maximize rates of return over time by utilizing a balanced investment approach, investing in both equity and fixed income instruments, within prudent levels of risk.

The MOA Trust Fund was created in May 1999 after Anchorage voters approved the sale of Anchorage Telephone Utility. In October 2020 the Trust's market value increased by nearly 2.5x as a result of receiving net proceeds of $229.6M from the sale of Municipal Light & Power (ML&P).  This site provides residents with background information as well as current information relating to the Trust.

  
© 2000, Paul Snowden

MOA Trust Fund ​Board of Trustees

• ​​​​​Alex Slivka - Chair​​​​​
• Jeff Sinz - Vice Chair
• Julee Farlee - Secretary
• Ross Risvold - Treasurer
• Philippe Brice - CFO​
• Travis Frisk
• Ty Schom​mer​

Note:  You will need Acrobat Reader to view .pdf documents, click here to download the latest version from Adobe.​ ​

​​*What's New* - MOA Trust Governance Change

• ​​​Charter Change Ballot Ordinance - April 4, 2023 Municipal Election (AO 2022-116, As Amended, Approved by Assembly January 23, 2023)​​​
• ​​Voter Fact Sheet - Charter Change Ballot Ordinance​
• Agenda from January 5, 2023 Assembly Worksession​
• Citizen-based Investment Advisory Commission Resolution supporting Charter Change Ballot Ordinance
• Independent Investment Consultant (i.e. RVK) recommending change in Governance Model from Treasurer as sole fiduciary to Board of Trustees
• Uniform Prudent Investor Act of 1994
• MOA Trust Governance Timeline - as of June 8, 2023​
• AO 2023-68, As Amended​
  

​Assembly Worksession Presentations​

• Assembly MOA Trust Fund Update/Overview (Sept 25 2020)
  
• Assembly MOA Trust Fund Update/Overview (Jan 15 2010)
  
• Assembly Briefing re: Endowment Model (Aug 14 2001)
  

Dividend Calculation​​

• Actual and Projected Dividend Calcs​​
  
• MOA Trust Fund Divided Payout Rate Reduction to 4.00% (AIM 35-2022, accepted by Assembly March 1, 2022)​
  
• Revised Not-to-Exceed Dividend Payout Formula (AO 2020-98, approved by Assembly Oct 1 2020)
• Revised Not-to-Exceed Dividend Payout Formula (AO 2016-127, approved by Assembly Nov 01 2016)
• Revised Not-to-Exceed Dividend Payout Formula (AO 2009-3, approved by Assembly Jan 20 2009)​​

Additional Charter, Code & Investment Policy Changes​

• Municipal Code Change (AO 2020-98, approved by Assembly Oct 1 2020)
• Municipal Charter Change to Endowment Model (AO 2002-11, approved by Assembly Feb 12 2002)​
  
• Investment Policy Statement (Revised December 14, 2023)​
  

​Performance

• 1-page Market Summary as of August 12, 2024​​​​​​​​​
  
• Q2​ 2024 Executive Summary Chart and Graphs​​​​​​
  
• 2022 Annual Report from Treasurer
  
• 2021 Annual Report from Treasurer​​​​​​

 Investment Advisory Commission (IAC)​

• 2022 Annual Report from IAC​
  
• 2021 Annual Report from IAC​​​

Investment Consultant RVK​

• Q3 2024 Report
  
• Q2 2024 Report​
  
• Q1 2024 Report
  
• Q4 2023 Report
  
• Q3 2023 Report
  
• Q2 2023 Report​
  
• Q1 2023 Report
  
• Q4 2022 Report​​​​​​

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