Heritage Savings Trust Fund

Latest update

The Alberta Heritage Savings Trust Fund 2021-22 First Quarter Report was released on August 31, 2021.

Over the first quarter of the 2021-22 fiscal year, the Heritage Fund earned a 5.5% rate of return and $668 million in net income.

The fair value of net assets of the Fund was valued at $18.3 billion on June 30, 2021.

Over the past 5 years, the Heritage Fund earned a 8.2% average annual rate of return. Over the past 10 years, the average annual return was 9.5%.

Since 1976, the Fund has contributed more than $46.2 billion to fund Albertans’ priorities like health care and education.

Publications

Annual Reports (from 1976-77 to current)

Quarterly Reports (from 2005-06 to current)

Historical Timeline (updated quarterly)

Statement of Investment Policy and Goals (effective April 2011)

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

Glossary

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

Kevin Uebelein, 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.