North Dakota Legacy Fund

United States – North Dakota US$ 2.4 Billion Origin: Oil & Gas

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Sovereign Wealth Funds

Public Funds

Established: 2011
Transparency Rating: 6
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Firm Investment Style: N/A
Entity Structure: Fund
Pop Est.: 699,628 – 2013 North Dakota
Wealth Per Capita Est.: $3,430

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Consultants and SPs

Key Executives and People

Main Office

ND Retirement and Investment Office
1930 Burnt Boat Drive
P.O. Box 7100
Bismarck, ND 58507-7100
United States
Tel: 701-328-9885
Fax: 701-328-9897


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The North Dakota Legacy Fund is funded by oil tax revenue.

The principal and earnings of the legacy fund may not be expended until after June 30, 2017, and an expenditure of principal after that date requires a vote of at least two-thirds of the members elected to each house of the legislative assembly. Not more than fifteen percent of the principal of the legacy fund may be expended during a biennium.

Background on North Dakota Legacy Fund

The voters of the state of North Dakota (United States) approved a constitutional amendment to create the permanent fund. It will receive 30% of the state’s taxes on oil and gas production and extraction. It will be then transferred to a special fund in the state treasury.

Historical Assets Under Management – North Dakota Legacy Fund

Month Total Market Value – USD New Contributions – USD
Jan-15 2,676,294,012 79,641,956
Dec-14 2,596,652,056 82,207,906
Nov-14 2,504,098,922 78,799,206
Oct-14 2,431,738,547 66,127,669
Sep-14 2,367,227,479 66,127,669
Aug-14 2,298,974,387 63,944,869
Jul-14 2,235,853,297 62,033,494
Jun-14 2,174,737,738 79,589,331
May-14 2,095,148,407 81,701,649
Apr-14 2,009,264,825 72,333,974
Mar-14 1,930,191,283 694,581,394
Feb-14 1,855,757,939 69,581,856
Jan-14 1,759,467,973 69,929,468
Dec-13 1,695,950,110 74,578,510
Nov-13 1,616,640,668 78,485,734
Oct-13 1,530,300,118 78,609,984
Sep-13 1,440,680,820 76,184,497
Aug-13 1,353,794,677 64,370,737
Jul-13 1,290,094,739 90,702,123