Standing Committee on the Alberta Heritage Savings Trust Fund

Mandate

The Standing Committee on the Alberta Heritage Savings Trust Fund reviews the quarterly reports of the Fund, approves the Fund’s annual report and reports to the Legislative Assembly on whether the mission of the Fund is being fulfilled. The committee is also required to hold an annual public meeting with Albertans on the Fund's investment activities and performance.

You’re Invited!

Public Meeting on the Alberta Heritage Savings Trust Fund

Wednesday, November 6 from 6:30 p.m. to 8:30 p.m.

The Alberta Heritage Savings Trust Fund plays an important role in making Alberta better for today and tomorrow, and we want you to join the conversation!

Attend in person at the Queen Elizabeth II Building, 9820-107 Street or watch live on Alberta Assembly TV, Assembly Online or on social media.

Live Q&A Session
Following an update on the Fund’s performance by experts from Alberta Treasury Board and Finance and the Alberta Investment Management Corporation (AIMCo), a question-and-answer session will allow participants to pose questions to officials and the committee in person, through Facebook and X (Twitter) using #abheritagefund, by email at Committee.Admin@assembly.ab.ca and through the designated telephone line 1.800.717.1738 code 49609. (Please note that the telephone number will only be active during the meeting.)

Can’t attend? Send a question to the committee now, and the committee will respond during the public meeting.

Submit your question

Upcoming Meeting Dates

Date/Time	Location/Meeting Details
November 2024
Nov 6, 2024 6:30 to 8:30 p.m.	Rocky Mountain Room, 2nd Floor, Queen Elizabeth II Building Video

10/31/2024 6:05 PM

ABOUT THE FUND

The Alberta Heritage Savings Trust Fund was created in 1976 with savings from Alberta’s nonrenewable resources. It is Alberta’s main long-term savings account. For almost 50 years the Fund has been invested, with the aim to deliver the greatest financial returns for Alberta. The Fund is required to keep pace with inflation by retaining a portion of its net income every year. Historically, additional income earned by the Fund has been transferred to the province’s main operating fund, the General Revenue Fund, and used to diversify the economy and meet current needs. Since its inception it has contributed more than $45.8 billion to support spending in areas such as health care, education, infrastructure and social programs. In March 2023, the Alberta Heritage Savings Trust Fund Act was amended to allow additional income earned by the Heritage Fund to be retained in the Fund. This change contributed to record growth of the Fund in 2023-24. For more information about the Fund, including copies of its most recent quarterly and annual reports, visit Alberta Heritage Savings Trust Fund.

Annual Statistics

The market value of the Heritage Fund was $22.9 billion as of March 31, 2024, representing an increase of $1.7 billion over the prior fiscal year.

The Fund’s investment breakdown includes 45.8% equities, 30.3% inflation-sensitive and alternative assets, 23.6% fixed income and 0.3% strategic opportunities.

The five-year rate of return was 6.4%. At a broad level the investment strategy is to take a series of calculated risks that will pay a premium over time.

(taken from the Alberta Heritage Savings Trust Fund 2023-24 Annual Report)

Committee Clerk
3rd Floor, 9820 – 107 Street NW, Edmonton, AB T5K 1E7
Call: 587.404.3735 Fax: 780.427.5688
Committee.Admin@assembly.ab.ca