Funds

Fund Results 2022

Fund	Country	Score	Rank	Score	Rank	Score	Rank	Score	Rank	Score	Rank
AustralianSuper	AUS	73	7	65	14	83	15	76	14	78	10
Aware Super	AUS	70	12	60	19	95	2	69	26	67	25
UniSuper	AUS	66	21	52	38	83	15	79	11	60	37
Future Fund	AUS	62	32	55	29	90	8	60	42	50	42
QSuper (now: Australian Retirement Trust)	AUS	49	49	31	58	80	21	73	18	20	55
Previ	BRA	56	39	54	34	60	46	69	26	46	44
Vivest	BRA	37	61	40	50	45	65	27	75	42	47
Petros	BRA	44	54	58	23	59	49	49	61	15	61
Funcef	BRA	34	66	53	36	52	55	29	74	8	66
Itaú Unibanco	BRA	30	70	40	50	40	67	43	68	3	71
BCI	CAN	73	7	49	40	92	6	82	8	77	11
Public Sector Pension Investment Board (PSP)	CAN	75	2	63	16	94	4	80	10	73	17
CDPQ	CAN	71	10	59	21	95	2	68	29	72	18
CPP Investments	CAN	81	1	81	2	97	1	87	4	71	19
Ontario Teachers’ Pension Plan (OTPP)	CAN	74	4	70	11	92	6	87	4	59	38
PUBLICA	CHE	68	16	73	8	82	18	73	18	55	41
SBB	CHE	44	54	57	26	30	73	45	65	48	43
BVK	CHE	53	44	79	3	48	61	52	55	42	47
Compenswiss	CHE	57	38	58	23	66	43	77	13	36	52
MIGROS	CHE	44	54	57	26	46	63	57	49	20	55
Capital	CHL	54	40	59	21	69	38	63	37	20	55
Cuprum	CHL	44	54	55	29	60	46	55	51	11	64
Modelo	CHL	34	66	47	43	46	63	36	71	9	65
Provida	CHL	47	52	63	16	72	32	51	58	8	66
Habitat	CHL	44	54	55	29	53	54	69	26	5	69
ATP Group	DEN	65	23	56	28	93	5	46	64	74	16
PFA Pension	DEN	62	32	40	50	86	13	61	39	71	19
PensionDanmark	DEN	67	17	65	14	75	28	70	23	68	24
Industriens	DEN	53	44	20	68	70	36	64	36	65	30
Sampension	DEN	52	48	45	44	69	38	38	70	65	30
Varma	FIN	65	23	24	65	87	10	70	23	88	1
Elo	FIN	64	27	43	48	67	42	70	23	83	3
Ilmarinen	FIN	63	30	26	63	87	10	65	35	83	3
Keva	FIN	54	40	21	67	75	28	61	39	67	25
The State Pension Fund of Finland (VER)	FIN	31	68	22	66	49	59	45	65	14	62
Government Pension Investment Fund (GPIF)	JPN	62	32	54	34	51	56	83	6	67	25
Pension Fund Association for Local Government Officials (Chikyoren)	JPN	35	62	31	58	39	68	45	65	28	54
National Federation of Mutual Aid (Shichousonren)	JPN	47	52	40	50	63	45	74	17	18	58
Pension Fund Association	JPN	28	71	26	63	43	66	41	69	4	70
KKR	JPN	23	74	28	62	32	72	35	72	0	72
Banorte	MEX	26	72	7	73	12	74	49	61	39	50
Sura	MEX	35	62	9	72	70	36	53	54	14	62
Profuturo	MEX	31	68	14	70	50	57	59	43	6	68
Citibanamex	MEX	24	73	13	71	34	71	52	55	0	72
Principal Afore	MEX	15	75	6	74	6	75	50	59	0	72
Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (BOUW)	NLD	69	15	73	8	66	43	61	39	83	3
Stichting Pensioenfonds ABP	NLD	74	4	75	6	73	31	73	18	83	3
Pensioenfonds Zorg en Welzijn (PFZW)	NLD	70	12	89	1	54	53	67	30	81	7
Pensioenfonds Metaal & Techniek (PMT)	NLD	65	23	71	10	60	46	63	37	76	12
Pensioenfonds Metalektro (PME)	NLD	67	17	76	5	78	25	59	43	62	36
Government Pension Fund Global	NOR	75	2	78	4	71	33	82	8	79	9
KLP	NOR	54	40	19	69	79	24	50	59	76	12
Government Pension Fund Domestic	NOR	64	27	48	42	83	15	76	14	58	39
Oslo Pension Fund (OPF)	NOR	39	60	29	61	57	50	34	73	43	46
Equinor Pension Fund	NOR	40	59	45	44	35	69	48	63	38	51
Old Mutual SuperFund	SA	54	40	36	55	49	59	59	43	67	25
Sanlam Umbrella Fund	SA	53	44	44	47	55	52	55	51	65	30
Government Employees Pension Fund (GEPF)	SA	58	36	41	49	84	14	59	43	44	45
Sentinel Retirement Fund	SA	64	27	51	39	78	25	79	11	42	47
Eskom Pension and Provident Fund (EPPF)	SA	49	49	39	54	75	28	58	48	17	60
AP4	SWE	74	4	61	18	80	21	75	16	88	1
Alecta	SWE	67	17	49	40	81	19	67	30	81	7
AP3	SWE	71	10	66	13	87	10	67	30	76	12
AMF	SWE	62	32	35	56	80	21	72	21	70	22
AP7	SWE	66	21	58	23	77	27	72	21	67	25
Pension Protection Fund	UK	65	23	45	44	90	8	59	43	75	15
Universities Superannuation Scheme	UK	70	12	74	7	81	19	66	33	70	22
BT Pension Scheme	UK	53	44	32	57	71	33	52	55	64	34
NatWest Group Pension Fund	UK	58	36	60	19	68	40	54	53	58	39
Lloyds Bank Pension Scheme	UK	48	51	53	36	57	50	57	49	33	53
New York State Common Retirement Fund	USA	63	30	55	29	50	57	83	6	71	19
CalPERS	USA	72	9	68	12	71	33	94	1	65	30
CalSTRS	USA	67	17	55	29	68	40	89	2	63	35
New York City Bureau of Asset Management	USA	35	62	4	75	35	69	88	3	18	58
Federal Retirement Thrift Investment Board	USA	35	62	31	58	48	61	66	33	0	72

The fund assessments were conducted between August 1 -December 31, 2021
Where the scores are the same, a joint ranking has been awarded listed alphabetically

*At the time of the review, QSuper was a standalone fund. It has since merged with Sunsuper to create Australian Retirement Trust.

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CEM Benchmarking is an independent provider of cost and performance benchmarking information for pension funds and other institutional asset owners worldwide. It believes ‘what gets measured gets managed’ and is deeply committed to helping clients run cost-effective operations that generate value for their stakeholders. With vast industry knowledge and a robust database spanning 28 years and $10+ trillion in AUM, CEM helps more than half of the world’s top 300 pension schemes understand and manage their costs and performance. CEM also facilitates better pension outcomes by sharing cutting edge research derived from its proprietary databases.

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Funds

Fund Results 2022

Fund Directory

Learn more about the Global Pension Transparency Benchmark project from Top1000funds.com and CEM Benchmarking

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