Monday, June 12, 2017

Legacy Fund Update Through May, 2017 -- Almost $4 Billion In Total Deposits

Legacy Fund:
  • Most recent deposit, May 19, 2017: $33,545,488
  • Total historical deposits: $3,903,572,369
Note: these are deposits only, not asset value.


It seems, at least for me, it is hard to find the "net asset value" of the Legacy Fund. A quick google search revealed that, as of September 30, 2016:
Less than six years after North Dakota residents voted to sock away oil and gas tax collections for future generations, the Legacy Fund has topped $4 billion in value, a “phenomenal” feat the state’s chief investment officer said speaks to the state’s fiscal conservatism.
From an earlier post:
According to the state's annual budget report released June 30, 2016, data points for the Legacy Fund (and this is why the fund's investment strategy is not talked about much):
  • fair value: $3,809,485,184
  • rates of return (for fiscal year ending 6/30):
    • 2016: 1.06%
    • 2015: 3.31%
    • 2014: 6.64%
    • 2013: 1.15%
    • 2012: --
An Apple A Day ....

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