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.

 

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Upcoming Meeting Dates

There are currently no scheduled meetings.
12/01/2020 04:41

ABOUT THE FUND

The Alberta Heritage Savings Trust Fund was created in 1976 with savings from Alberta’s nonrenewable resources. For more than 40 years the Fund has been invested with the aim to deliver the greatest financial returns for Alberta. While the Fund is required to keep pace with inflation by retaining a portion of its net income every year, additional income earned by the Fund has been used to diversify the economy and meet current needs. Since its inception it has contributed more than $44.5 billion to support spending in areas such as health care, education, infrastructure and social programs. 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 Fund earned a net investment income of $1,318 million for the year ended March 31, 2020. The net financial assets of the Fund were valued at $16.3 billion on March 31, 2020.

A 5.1 per cent rate of return was achieved. At a broad level the investment strategy is to take a series of calculated risks that will pay a premium over time.

The investment breakdown includes 44.8 per cent in equities, 19.5 per cent in fixed income and money market and 34.9 per cent in inflation-sensitive and alternative investments.

(taken from the Alberta Heritage Savings Trust Fund 2019-20 annual report)

 

Standing Committees

Standing committees are permanent committees as established by the Standing Orders. Appointed at the start of each new Legislature, standing committees comprise between nine and 15 Members of the Legislative Assembly and exist for the life of the Legislature although changes in membership may occur.

Committee Clerk
3rd Floor, 9820 – 107 Street NW, Edmonton, AB T5K 1E7
Call: 780.415.2878 Fax: 780.427.5688
Committee.Admin@assembly.ab.ca

Committee Members (9)

Ronald Orr

Mr. Ronald Orr (Chair)

Shane Getson

Mr. Shane Getson (Deputy Chair)

David Eggen

Mr. David Eggen

Michaela Glasgo

Ms. Michaela Glasgo

Christina Gray

Ms. Christina Gray

Matt Jones

Mr. Matt Jones

Shannon Phillips

Ms. Shannon Phillips

Peter Singh

Mr. Peter Singh

Searle Turton

Mr. Searle Turton

Committees of the Assembly

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