North Dakota Department of Trust Lands is a sovereign wealth fund that invests North Dakota’s oil revenues to finance public schools across the state
United States
$10
Joseph Heringer
Frank Mihail
Marlo M. Oaks (State Treasurer)
Target allocation based on pension plan assets
31% Domestic Equity
20% International Equity
7% Private Equity
23% Domestic Fixed Income
19% Global Real Assets
Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
