Key Takeaways
- • The North Dakota Retirement and Investment Office (RIO) launched legacyfund.nd.gov, a public website detailing the Legacy Fund, the state's sovereign wealth fund currently valued at more than $15 billion.
- • The website was built in response to House Bill 1319, enacted in the 2025 legislative session, which requires the State Investment Board to maintain a publicly accessible listing of the fund's investments.
- • The fund receives 30% of North Dakota's oil and gas production and extraction tax revenues, as established by a 2010 constitutional amendment.
- • The holdings page offers an interactive world map, filters by asset class and sector, company-name search, and downloadable data.
- • Tactis LLC, a Maryland-based firm, was selected through competitive bid to design, build and manage the site, with Devii, a North Dakota technology company, serving as data platform subcontractor.
Summary
The North Dakota Retirement and Investment Office (RIO) has launched a public website, legacyfund.nd.gov, providing information on the Legacy Fund, according to a press release from RIO reported by KFYR-TV. The Legacy Fund is the state's sovereign wealth fund and is currently valued at more than $15 billion. It was established through a 2010 constitutional amendment and receives 30% of North Dakota's oil and gas production and extraction tax revenues.
The website covers the fund's history, governance structure, investment holdings, and financial impact on the state. Visitors can explore a historical timeline, learn about the In-State Investment Program, and access news, reports and performance information. The holdings page includes an interactive world map that lets users select a country and view associated holdings. Users can filter holdings by asset class and sector, search by company name, and download the underlying data.
The launch responds to House Bill 1319, enacted during the 2025 legislative session, which requires the State Investment Board to maintain a publicly accessible website listing the Legacy Fund's investments. The State Investment Board holds fiduciary responsibility for the fund's investments, with investment services provided by RIO. The Legacy and Budget Stabilization Fund Advisory Board provides recommendations on investment policy. Decisions about appropriating fund earnings are made through the legislative process.
RIO Executive Director Jodi A. Smith said the fund is an important part of North Dakota's financial future and that transparency helps the public understand how it is managed. RIO selected Tactis LLC, a Maryland-based customer experience and digital engineering firm, through a competitive bid process to design, build and manage the website. Devii, a North Dakota technology company, is subcontracted to provide the data platform that receives and prepares the fund's holdings for publication.
The website covers the fund's history, governance structure, investment holdings, and financial impact on the state. Visitors can explore a historical timeline, learn about the In-State Investment Program, and access news, reports and performance information. The holdings page includes an interactive world map that lets users select a country and view associated holdings. Users can filter holdings by asset class and sector, search by company name, and download the underlying data.
The launch responds to House Bill 1319, enacted during the 2025 legislative session, which requires the State Investment Board to maintain a publicly accessible website listing the Legacy Fund's investments. The State Investment Board holds fiduciary responsibility for the fund's investments, with investment services provided by RIO. The Legacy and Budget Stabilization Fund Advisory Board provides recommendations on investment policy. Decisions about appropriating fund earnings are made through the legislative process.
RIO Executive Director Jodi A. Smith said the fund is an important part of North Dakota's financial future and that transparency helps the public understand how it is managed. RIO selected Tactis LLC, a Maryland-based customer experience and digital engineering firm, through a competitive bid process to design, build and manage the website. Devii, a North Dakota technology company, is subcontracted to provide the data platform that receives and prepares the fund's holdings for publication.
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