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Fair representation of UNJSPF investment performance confirmed by independent verification

24 July 2023

According to an independent verifier’s opinion, the UNJSPF policies and procedures were designed in compliance with the most demanding international standards in terms of fair representation and full disclosure of investment performance, the Global Investment Performance Standards (GIPS®).

The UNJSPF adopted the GIPS® in October 2021. As per common practice in this area, it claimed compliance and got this claim verified by the Spaulding Group (TSG) for three consecutive years, from 2020 to 2022.

TSG’s opinion, contained in its Independent Verifier’s Verification and Performance Examination Report, also confirmed these policies and procedures were implemented on an asset owner-wide basis.

The objective of this verification was to provide assurance on whether the asset owner (the Fund)’s policies and procedures related to total fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS® and if they have been implemented on an asset owner-wide basis.

“We are proud that this verification has confirmed that the Fund is following best practices in fair representation of its investment performance”, said José Antonio Núñez, Chief Risk and Compliance Officer.

The UNJSPF claims compliance with the Global Investment Performance Standards (GIPS®). GIPS is a registered trademark of the CFA Institute. The CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

The GIPS Asset Owner Report is available upon request for all UNJSPF plan participants and beneficiaries. Requests can be addressed to: [email protected]

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