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Part of Budget and finance

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

2024-25 First Quarter Report update

As of June 30, 2024, the Heritage Fund’s fair value of assets grew to $23.4 billion, from the $22.9 billion recorded at the end of the previous fiscal year.

The Heritage Fund realized a return of 2.1% in the 2024-25 first quarter. View the 2024-25 Heritage Savings Trust Fund First Quarter Report.

Publications

Annual Reports (from 1976-77 to current)

Quarterly Reports (from 2005-06 to current)

Statement of Investment Policies and Goals (effective date August 1, 2024)

About the Heritage Savings Trust Fund (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 $23.4 billion as of June 30, 2024.

The Alberta Heritage Savings Trust Fund Act (the 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 2022-23, the Act was amended to require that income generated by the Fund stays in it unless a withdrawal is authorized by Treasury Board. This change was, and remains, instrumental to the continued growth of the Heritage 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, Queen Elizabeth II 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.