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Wespath Announces Compliance with the Global Investment Performance Standards (GIPS®)

September 14, 2021


We are pleased to announce that Wespath claims compliance with the Global Investment Performance Standards (GIPS).1 Wespath joins over 1,700 organizations, in more than 40 countries and regions, that claim compliance in an effort to create a more equitable and ethical global performance reporting standard.2

Wespath has adopted the 2020 edition of the GIPS standards retroactive to January 1, 2016 and applied the GIPS standards on a firm-wide basis. Wespath has also taken the additional step of independent verification, from January 1, 2016 forward, and received verification of compliance from Fairview Performance Services, LLC, a third-party verifier.

“As a faithful steward of our investors’ assets, compliance and verification with the GIPS standards are important steps to demonstrate Wespath’s commitment to integrity in performance reporting,” said Joe Halwax, Managing Director of Institutional Investment Services.

Introduced in 1999, the GIPS standards are universal, voluntary standards based on the fundamental principles of full disclosure and fair, consistent representation of investment performance. Wespath recently published a paper titled, “A Quick Guide to the GIPS Standards,” available here.

GIPS is a registered trademark of CFA Institute. CFA Institute does not endorse or promote Wespath, nor does it warrant the accuracy or quality of the content contained herein.

To receive a complete list and description of the funds and composites maintained by Wespath and/or a GIPS compliant presentation, or to receive a copy of Wespath’s verification report, please contact [email protected].

Company Contact:
Joe Halwax
Managing Director Institutional Services
847-866-4307
[email protected]

1 In the above context, “Wespath” is representative of Wespath Benefits and Investments, Wespath Institutional Investments and UMC Benefit Board, Inc.

2 https://www.cfainstitute.org./-/media/documents/code/gips/2020-gips-standards-firms.ashx

 


About Wespath Benefits and Investments
Wespath Benefits and Investments (Wespath) is a not-for-profit agency that has been serving The United Methodist Church (UMC) for over a century. In accordance with its fiduciary duties, Wespath administers benefit plans and, together with its subsidiaries, including Wespath Institutional Investments, invests over $29 billion in assets on behalf of over 100,000 participants and over 130 United Methodist-affiliated institutions (as of July 31, 2021). Wespath funds invest in a sustainable manner that supports long-term value creation while having a positive impact on the environment and society and upholding the values of the UMC. Wespath maintains the largest reporting faith-based pension fund in the world.

About Wespath Institutional Investments
Wespath Institutional Investments (WII) is a not-for-profit subsidiary of Wespath, a general agency of the UMC. WII provides investment solutions for institutional investors related to the UMC, including foundations, children’s homes, older adult facilities, higher education institutions and healthcare organizations. WII offers diversified global exposure to its world-class investment managers through a family of daily priced funds. WII’s investment process proactively incorporates the consideration of environmental, social and governance (ESG) factors into investments across asset classes and in the selection of external asset managers.

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