Permanent Wyoming Mineral Trust Fund - PWMTF

AAA

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.



INVESTOPEDIA EXPLAINS '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. Timor-Leste Petroleum Fund - East ...

    The Petroleum Fund of Timor-Leste or East Timor, a nation in ...
  2. Mineral Rights

    A landowner's right to receive a portion of the profits of any ...
  3. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
  4. Endowment Fund

    An investment fund set up by an institution in which regular ...
  5. Natural Capital

    A reference to the stock of natural resources, such as water ...
  6. Percentage Depletion

    A taxable deduction that assigns a set percentage of depletion ...
Related Articles
  1. Sovereign Wealth Funds - Friend Or Foe?
    Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

  2. An Introduction To Sovereign Wealth ...
    Mutual Funds & ETFs

    An Introduction To Sovereign Wealth ...

  3. What Can The Monte Carlo Simulation ...
    Fundamental Analysis

    What Can The Monte Carlo Simulation ...

  4. How do I judge a mutual fund's performance?
    Fundamental Analysis

    How do I judge a mutual fund's performance?

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center