Permanent Wyoming Mineral Trust Fund - PWMTF

DEFINITION of 'Permanent Wyoming Mineral Trust Fund - PWMTF'

Established in 1974 by the Wyoming Legislature, the Permanent Wyoming Mineral Trust Fund (PWMTF) is that state's oldest and largest permanent fund, with assets of $4.2 billion as of June 30, 2009. It is funded by a portion of severance taxes on mineral revenues and occasional direct legislative appropriations, while income from the fund goes to the state general fund. The fund covers part of the costs of running the state, and also acts like an endowment for the state by conserving its wealth for future generations.



BREAKING DOWN 'Permanent Wyoming Mineral Trust Fund - PWMTF'

Wyoming is richly endowed with natural resources, making its economy dependent on resource prices and hence prone to boom and bust cycles. The PWMTF cushions the impact of these economic cycles, while ensuring future generations share in the wealth generated by these finite resources.

RELATED TERMS
  1. New Mexico State Investment Office ...

    The New Mexico State Investment Office (SIO) is responsible for ...
  2. Gross Production Tax

    A state tax imposed on companies that generate revenues by depleting ...
  3. Mineral Rights

    A landowner's right to receive a portion of the profits of any ...
  4. Institutional Fund

    A fund that targets high value investors with low management ...
  5. Closed Fund

    A mutual fund that has been closed - either temporarily or permanently ...
  6. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
Related Articles
  1. Investing

    Wyoming State Now Offers Instant LLC Registration

    It is now possible to form a limited liability company (LLC) directly on the Wyoming Secretary of State's website.
  2. ETFs & Mutual Funds

    USAGX: Overview of USAA Precious Metals and Minerals Fund

    Learn about the rebound of metal and mineral commodities, its effect on the mining industry, and an overview of the USAA Precious Metals and Minerals Fund.
  3. Markets

    5 States with the Highest GDP Per Capita

    Learn about the top five states ranked by their real gross domestic product (GDP) per capita as of 2014: Alaska, North Dakota, New York, Connecticut and Wyoming.
  4. Managing Wealth

    Explaining Endowment Funds

    An endowment fund is money set aside to earn revenue to fund some type of charitable activity.
  5. ETFs & Mutual Funds

    5 Characteristics of Strong Mutual Fund Shares

    Discover some of the basic characteristics shared by good mutual funds that investors can use to help them in selecting funds.
  6. ETFs & Mutual Funds

    GDXJ: Market Vectors Junior Gold Miners ETF

    Obtain detailed information and analysis of the Market Vectors Junior Gold Miners ETF, and learn about the opportunities it affords investors.
  7. ETFs & Mutual Funds

    Satisfy Your Investment Objectives With Income Funds

    Discover the various categories of income funds and the types of investors for whom they are appropriate.
  8. ETFs & Mutual Funds

    Top 5 American Funds for Retirement Diversification in 2016

    Discover five mutual funds from industry leader American Funds with high yields that are perfect for retirement savings diversification.
  9. ETFs & Mutual Funds

    NPFCX, TWEBX: Expensive Global Mutual Funds Worth Your While

    Learn about three expensive global mutual funds that offer attractive features to investors. These funds have good historical performance results.
  10. ETFs & Mutual Funds

    Make Sure You Avoid Adding These Mutual Funds to Your 401(k)

    Find out which five types of mutual funds you should avoid in your 401(k), including why buying this year's hottest fund is likely a losing bet.
RELATED FAQS
  1. What are the best and worst states to pay taxes in?

    Explore and compare the wide variations that exist in the overall tax burden imposed by different states, including which ... Read Answer >>
  2. What is the metals and mining sector?

    Learn about the mining sector and the many ways that mining companies profit from the location and extraction of minerals ... Read Answer >>
  3. How do I judge a mutual fund's performance?

    Evaluate mutual fund performance utilizing resources such as Morningstar; compare the fund with others in its peer group ... Read Answer >>
  4. How do I calculate the loan-to-value ratio using Excel?

    Learn what a mutual fund and a money market fund are, and understand the differences between each and how they serve various ... Read Answer >>
  5. How is the Social Security trust fund invested?

    Read about how the Social Security trust fund is set up, paid into, borrowed from and invested by the U.S. government and ... Read Answer >>
  6. What is a permanent portfolio?

    A permanent portfolio is a portfolio construction theory devised by free-market investment analyst Harry Browne in the 198 ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center