2023 Global Pension Transparency Survey.xlsx

	B	C	D	F	G
1	2023 Global Pension Transparency Survey		Response		Weight

2
3
4	1.	Does the fund follow the Integrated Reporting Framework?		yes, no	3.0%
5
6	!!!	For Defined Contribution funds: Total fund or asset class questions apply to your investment options.
7
8	Performance
9
10
11	Do you disclose:
12
13		Total Fund or Option Measures			13.0%
14
15	1.	Is a 1-year total fund return disclosed?		yes, no	1.6%
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17	2.	Is an intermediate return disclosed (for any period between 3 and 7 years)?		yes, no	1.6%
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19	3.	Is a long-term return disclosed (10 or more years)?		yes, no	2.6%
20
21	4.	Is a 1-year total fund value added or policy return disclosed?		yes, no	1.6%
22
23	5.	Is an intermediate value added or policy return disclosed (for any period between 3 and 7 years)?		yes, no	1.6%
24
25	6.	Is a long-term value added or policy return disclosed (10 or more years)?		yes, no	2.6%
26
27	7.	Is the current performance disclosed (i.e., monthly, quarterly, year-to-date returns or value added)?		yes, no	1.3%
28
29		Asset Class Measure			12.0%
30
31	8.	Is a 1-year total fund return disclosed?		yes, no	1.8%
32
33	9.	Is an intermediate return disclosed (for any period between 3 and 7 years)?		yes, no	1.8%
34
35	10.	Are long term returns disclosed (10 or more years)?		yes, no	2.4%
36
37	11.	Are 1-year asset class value added or benchmark returns disclosed?		yes, no	1.8%
38
39	12.	Are intermediate asset class value added or benchmark returns disclosed (for any period between 3 and 7 years)?		yes, no	1.8%
40
41	13.	Are long term value added and benchmark returns disclosed (10 or more years)?		yes, no	2.4%
42
43		Asset Mix and Portfolio Composition			15.0%
44
45	14.	Is current asset mix disclosed across major asset classes or investment options?		yes, no	3.0%
46
47	15.	Is the fund's actual mix of active/passive strategies disclosed?		yes, no	1.5%
48
49	16.	Is the fund's rationale for active/passive implementation disclosed?		yes, no	0.8%
50
51	17.	Is the fund's actual mix of internal/external strategies disclosed?		yes, no	1.5%
52
53	18.	Is the fund's rationale for internal/external implementation disclosed?		yes, no	0.8%
54
55	19.	Are asset mix trends disclosed?		yes, no	1.5%
56
57		Is portfolio composition disclosed by:
58
59	20.	Country for the total fund or asset classes?		yes, no	1.5%
60
61	21.	Holdings (i.e., all holdings or the biggest holdings of individual companies)?		yes, no	1.1%
62
63	22.	External managers (i.e., all external managers or the biggest external managers for all or some asset classes)?		yes, no	1.1%
64
65	23.	Any other portfolio composition factors? (e.g. % listed/unlisted, Fixed income, categories, derivative types, types of real estate and mortgage holdings, types of Private Equity or Infrastracture, etc.)		Score 0, 1, 2, or 3, based on how many other factors disclosed	2.3%
66
67		Clarity and quality of total fund, investment option, and asset class returns and VA disclosures			9.0%
68
69	24.	Is the cost basis of return calculations disclosed? (e.g., what costs are included or excluded from returns?)		yes, no	0.9%
70
71	25.	Are total fund returns expressed net of investment costs (DB)?		yes, no	0.9%
72
73	26.	Are asset class returns expressed net of investment costs?		yes, no	0.9%
74
75	27.	Is the basis for return calculations disclosed?		yes, no	0.9%
76
77	28.	Are return calculations time-weighted returns (TWRR)?		yes, no	1.8%
78
79	29.	Is total fund net value added disclosed (DB)?		yes, no	1.8%
80
81	30.	Is asset class net value added disclosed?		yes, no	1.8%
82
83		Benchmark Disclosure and Quality			8.0%
84
85	31.	Is there clear and specific disclosure of the benchmark composition at the total fund level?		yes, no	2.0%
86
87	32.	Is there clear and specific disclosure of the benchmark composition at the asset class or option level?		yes, no	2.0%
88
89	33.	Are most public market benchmarks appropriate? (e.g., investable, generally matches asset class, pre-specified)		yes, no	4.0%
90
91		Funded Status/Solvency (for DB plans)			9.0%
92
93	34.	Is ending funded ratio or solvency position disclosed?		yes, no, n/a	3.6%
94
95	35.	Is there any disclosure of trends in funded ratio or solvency positions?		yes, no, n/a	1.8%
96
97	36.	Are key assumptions disclosed? (e.g. longevity, mortality table, return assumptions, interest rate, etc.)		yes, no, n/a	1.8%
98
99	37.	Is there discussion of sensitivity of funded ratio or solvency position to assumptions, scenario changes, or returns?		yes, no, n/a	1.8%
100