KHALID: But the idea of a sovereign wealth fund is vague enough that it's not clear Democrats and Republicans have the same intention for its use. Trump has described it as a vehicle to invest in ...

The largest fund in the world, Norway's government pension fund, is worth $1.7 trillion, according to the Sovereign Wealth Institute, an organization that tracks state-owned investment funds.

A sovereign-wealth fund is a state-run investment vehicle used by countries across the world and even in the U.S., where they exist within states such as Alaska, New Mexico, and Texas.

A sovereign wealth fund would “ monetize the asset side of the U.S. balance sheet for the American people,” Trump said, without elaborating, Axios reported.

In the U.S., more than 20 sovereign wealth funds exist at the state level, according to analysis from the Center for Global Development, a Washington-based nonpartisan think-tank.

The above adds up to about $6.6 billion that needs to be paid or funded before it makes sense to start putting money away into a sovereign wealth fund.

Among the reasons Norwegians can celebrate Norway are the '80s band A-ha, the narrow geological formations called fjords, oil deposits and the biggest sovereign wealth fund in the world.

In the U.S., more than 20 sovereign wealth funds exist at the state level, according to analysis from the Center for Global Development, a Washington-based nonpartisan think-tank.