Standing Committee on the Alberta Heritage Savings Trust Fund

Upcoming Meeting Dates

Date/Time	Location/Meeting Details
January 2022
Jan 25, 2022 1:30 to 3 p.m.	Rocky Mountain Room, 2nd Floor Federal Building Agenda Video

1/25/2022 3:58 PM

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 $46.2 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 $1,354 million for the year ended March 31, 2021. The net financial assets of the Fund were valued at $17.8 billion on March 31, 2021.

A 16.1 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 50.3 per cent in equities, 18.7 per cent in fixed income and money market and 30.5 per cent in inflation-sensitive and alternative assets.

(taken from the Alberta Heritage Savings Trust Fund 2020-21 annual report)