Heritage Savings Trust Fund

Find information about Alberta’s main long-term savings fund, which produces income to support government programs essential to Albertans.

Latest update

2023-24 Third Quarter Heritage Fund update

In the third quarter ending December 31, 2023, the Heritage Fund earned a return of 4.0%

The Heritage Fund’s fair value of assets on December 31, 2023, was $22.1 billion, an increase from the $21.2 billion recorded at the end of the previous fiscal year.


Annual Reports (from 1976-77 to current)

Quarterly Reports (from 2005-06 to current)

Statement of Investment Policies and Goals (effective date January 9, 2023)

About the Heritage Fund

The Heritage Fund was established in 1976 to collect a portion of Alberta’s non-renewable resource revenue. The Heritage Fund had 3 objectives at the time:

  1. Invest in projects that would improve life in Alberta but would not provide a financial return.
  2. Strengthen and diversify the Alberta economy.
  3. Save money for the future when non-renewable resources had been depleted. 

The initial investment in the Heritage Fund was $1.5 billion, which has grown to $22.1 billion as of December 31, 2023.

The Alberta Heritage Savings Trust Fund Act creates and establishes the mandate and governance structure for the Heritage Fund. The act states that the mission of the Heritage Fund is to provide prudent stewardship of the savings from Alberta’s non-renewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans.

In spring 2023, the act was amended to allow the Heritage Fund to retain all its investment income within the Heritage Fund. Investment income is retained within the Heritage Fund unless Treasury Board approves a withdrawal of some portion. The act continues to require that a portion of the investment income be retained within the Heritage Fund to help maintain its real value.

The Heritage Fund is invested in a globally diversified portfolio across many asset classes, such as stocks, bonds and real estate.


See the Alberta Heritage Savings Trust Fund Act.


See commonly used terms related to the Heritage Fund.

Committee and others responsible for management

Standing Committee on the Alberta Heritage Savings Trust Fund

To view the current members of the Heritage Fund Standing Committee, meeting information and contact information, please visit the Standing Committee website.

Treasury Board and Finance Contact

Lowell Epp, Assistant Deputy Minister, Treasury and Risk Management, Alberta Treasury Board and Finance

Investment Manager

Evan Siddall, Chief Executive Officer, Alberta Investment Management Corporation (AIMCo)


Doug Wylie, FCPA, FCMA, ICD.D, Auditor General of Alberta


Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Phone: 780-427-3035
Toll free: 310-0000 before the phone number (in Alberta)

Heritage Fund
9th Floor, Queen Elizabeth II Building
9820 107 Street
Edmonton, Alberta  T5K 1E7


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Contact your MLA

See contact information for your MLA at the Legislative Assembly of Alberta website.