M   U   N   I   C   I   P   A   L   I   T   Y OF

MOA TRUST FUND INFORMATION WEBSITE The MOA Trust Fund was created in May 1999 after Anchorage voters approved the sale of Anchorage Telephone Utility. This site provides residents with background information relating to the Trust. 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.

Contact Information Daniel Moore, Municipal Treasurer mooreda@ci.anchorage.ak.us Note: You will need Acrobat Reader to view .pdf []documents, click here to download the latest version from Adobe. New Charter Section New Code Section(662 KB) Trust Investment Policy and Performance Investment Policy Statement (727 KB) MOA Graphs profiling Trust Fund as of 3/31/02 Callan's Quarterly Performance Report as of 3/31/02 Callan's Quarterly Performance Report as of 12/31/01 Top 10 Holdings as of 12/31/01		Endowment Explained Calculation of 5% annual payout Why a 5% cap? Charles Wohlforth, Assembly letter Advice from Callan Associates - Excerpts from consultant - Framing the issue - August 2001 Assembly worksession Michigan study of endowment payout policies, April 2000 (487 KB) Real rates of return (1970-1999)
Other Website Links: Alaska Permanent Fund Corp www.apfc.org Callan Associates (investment consultant to MOA Trust Fund and Alaska Permanent Fund) www.callan.com