Latest update
The Alberta Heritage Savings Trust Fund 2022-23 Third Quarter Report was released on February 28, 2023.
This third quarter marks the first quarter of positive returns for the 2022-23 fiscal year, nearly reversing the negative impact from the first two quarters. The Fund returned 3.6% in the last quarter ending December 31, 2022.
The Fund's fair value of net assets on December 31, 2022 is $18.6 billion, just shy of the $18.7 billion recorded on March 31 of the 2021-22 fiscal year. From an asset value standpoint, the Fund has nearly rebounded back to historic highs.
The Heritage Fund is focused on long-term results. Over a 5-year period ending Dec. 31, 2022, the Fund returned 6.0%, which is lower than the target return. Over the past 10 years the Fund earned 8.5%.
Publications
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 is Alberta’s main long-term savings fund. The Fund was established in 1976 to collect a portion of Alberta’s non-renewable resource revenue for future generations.
Today, the Alberta Investment Management Corporation (AIMCo) invests the Fund in a globally diversified portfolio across many assets classes, such as stocks, bonds, and real estate.
The income produced by the Fund supports government programs essential to Albertans like health care, education and infrastructure.
The Alberta Heritage Savings Trust Fund is unique to Alberta. No other province has such a fund.
Legislation
See the Alberta Heritage Savings Trust Fund Act.
Glossary
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)
Auditor
Doug Wylie, FCPA, FCMA, ICD.D, Auditor General of Alberta
Contact
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)
Address:
Heritage Fund
9th Floor, Federal Building
9820 107 Street
Edmonton, Alberta T5K 1E7
Online
Government of Alberta feedback form
Contact your MLA
See contact information for your MLA at the Legislative Assembly of Alberta website.
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