According to an independent verifier’s report, UNJSPF policies and procedures were designed and implemented in compliance with the Global Investment Performance Standards (GIPS^®), a set of international standards based on the ethical principles of fair representation and full disclosure of investment performance.

The UNJSPF has been verified by GIPS® since 2020.  The Fund claimed compliance and received verification of this claim by the Spaulding Group (TSG) for four consecutive years, from 2020 to 2023.

“For the fourth consecutive year, UNJSPF is claiming compliance of its investment performance, which should reassure our participants and beneficiaries that the Fund is committed to adhering robust policies and procedures in our reporting practices,” said José Antonio Núñez, Chief Risk and Compliance Officer.

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.

“These efforts show our commitment to meet global best practices for the benefit of all our stakeholders,” said Marisol Cardenas Gallo, Risk Officer at the Fund.

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

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].