Permanent Wyoming Mineral Trust Fund

United States – Wyoming US$ 5.6 Billion Origin: Mineral

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1974
Transparency Rating: 9
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Firm Investment Style: Mixed
Entity Structure: Fund
Population Est.: 576,412 – 2012

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Alternative Managers

Consultants and SPs

Key Executives and People


Main Office
Wyoming State Treasurer
200 West 24th Street
Cheyenne, WY 82002
United States
Tel: +1 307-777-7408

Governance
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Summary
Wyoming’s oldest permanent fund is mainly funded by severance taxes on mineral revenues.

Background
In November 1974, state voters approved an amendment to the Wyoming state constitution to place a severance tax on mineral revenues. Those funds are placed in the Permanent Wyoming Mineral Trust Fund (PWMTF).

State law from 1974 – Art. 15 § 19
“Mineral excise tax; distribution.
The Legislature shall provide by law for an excise tax on the privilege of severing or extracting minerals, of one and one-half percent (1 1/2%) on the value of the gross product extracted. The minerals subject to such excise tax shall be coal, petroleum, natural gas, oil shale, and such other minerals as may be designated by the Legislature. Such tax shall be in addition to any other excise, severance or ad valorem tax. The proceeds from such tax shall be deposited in the Permanent Wyoming Mineral Trust Fund, which fund shall remain inviolate. The monies in the fund shall be invested as prescribed by the Legislature and all income from fund investments shall be deposited by the State Treasurer in the general fund on an annual basis. The Legislature may also specify by law, conditions and terms under which monies in the fund may be loaned to political subdivisions of the state.”

Historical Assets Under Management

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