Alabama Trust Fund (ATF) is a sovereign wealth fund based in Montgomery, Alabama. Established in 1985, ATF is the wealth fund of the state of Alabama to aid the operations of the state government. The fund is managed by the state treasurer of Alabama. The fund is also managed by a number of external managers who are chosen by the fund's board of trustees.Alabama Trust Fund (ATF)'s investment portfolio is valued at $3.24 billion, with investments in equity, fixed income, and real estate.