Loading Bismarck-Mandan weather…
The full picture · 2 sources

North Dakota opens Legacy Fund investment transparency website

Updated Oct 28, 6:08 PM CT. Every fact below links to the source that reported it.

What the primary sources show

  • North Dakota launched a publicly accessible website for its Legacy Fund, a sovereign wealth fund currently valued at more than $15 billion. [KFYR-TV]
  • The fund was established through a 2010 constitutional amendment and receives 30% of the state's oil and gas production and extraction tax revenues. [KFYR-TV]
  • The website includes an interactive world map allowing users to explore the fund's holdings by country, filter by asset class and sector, search by company name, and download the data. [KFYR-TV]
  • The website was created in response to House Bill 1319, enacted during the 2025 legislative session, which required the State Investment Board to maintain a publicly accessible investment listings website. [KFYR-TV]
  • The State Investment Board has fiduciary responsibility for the fund's investments, with the Retirement and Investment Office providing investment services and the Legacy and Budget Stabilization Fund Advisory Board providing investment policy recommendations. [KFYR-TV]

What they left out / still unanswered

  • What specific holdings or investment categories does the lawmaker believe remain inadequately transparent?
  • What was the cost to develop and launch the website?
  • How frequently will the fund holdings data be updated on the website?

Official line vs. how each source framed it

  • Bismarck Tribune: Focused on the site launch but emphasized criticism from a lawmaker that transparency measures remain insufficient and that billions in holdings remain difficult to track. Read it → · Paywall
  • KFYR-TV: Official announcement detailing the website's features, governance structure, the legislative mandate behind it, and how the new resource helps the public understand fund management. Read it → · Ads

701 News writes these summaries from the sources above and checks every sentence against them. Read the originals for the full reporting. Corrections

← All Bismarck-Mandan news