SJP Annual Value Assessment Statement
The Assessment of Value report (AoV) is a regulatory document that we produce each year following the SJP Unit Trust Group Board’s review of our funds’ performance, charges, and support services.
In the report, we provide details of how we deliver value and actions we have taken over the review period. This process is part of our commitment to giving you clear and fair information about your investments with us. Our assessment methodology has not materially changed since last year and received robust challenge by the Board.
We remain confident in the value that our investment funds deliver in helping you achieve your financial goals.
If you have any questions about the statement, please contact your St. James’s Place Partner practice.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.
Value Assessment Statement 2026 - the results
All 48 of our funds delivered value to clients over the year to 30 June 2026 (the review period, according to our 2026 Assessment of Value report. This is up from last year in which just over 80% of funds were assessed as delivering value.
The year to 30 June 2026 was a strong year for performance across our fund range.
The assessment highlights that nearly 90% of funds under management (FuM) in our primary unit class (Class S) – performed in line with, or outperformed, their benchmarks and/or investment objectives.
This is the first year we have conducted the assessment based on the new unit class S – which the majority of clients were moved into in August 2025. Class S reflects our updated pricing structure which separates our charges more clearly between those for advice, platform and fund management. This move has improved transparency for clients and bought our cost and performance assessments more in line with peers. Class S represents ~98% of FuM.
Justin Onuekwusi, CEO, Investments said: “Over the past year, we have continued to strengthen our investment proposition, expanding the range of solutions available to clients. This has been against a backdrop of market uncertainty, geopolitical tensions and shifting economic conditions
"A key milestone for us was the introduction of our new fund pricing structure and the launch of Class S units for most clients. By separating advice, platform and fund charges more clearly, we have improved transparency and made it easier for clients to assess fund performance on a like-for-like basis across the market. It is encouraging to see the benefits of these changes reflected in this year’s results.
"Over the AoV review period, we continued to enhance and evolve our fund range. These changes involved introducing new managers in key areas, refining investment objectives where appropriate, and making targeted improvements across a number of strategies. These changes are designed to improve diversification, expand investment opportunities and strengthen long-term outcomes for clients.”
Go to page 8 in the report for the full table highlighting the results for each fund.
Every fund is given either a ‘yes’ or a ‘no’ response to the question of whether it has delivered overall value during the review period. We believe this is a clear and definitive assessment overall. There are seven individual criteria that make up that determination, which are outlined over pages 9-11 in the report.
On page 13 of the report, we have highlighted the underperforming funds and outlined what we will be doing to address each fund’s performance.
We note that due to using the new unit class S for this year’s review, the assessment is based on a period of only 19 months. This time frame is materially shorter than that of each fund’s objective (which is typically five years). As time passes, the assessment period will start to better reflect the investment objective of each fund.
Longer-term performance for unit class S can be found in the ‘S-fee adjusted’ fund factsheets, available on our FundCentre and in clients’ individual wealth accounts.
As part of our ongoing monitoring process, our investment team will look to amend funds as needed to meet their objectives and deliver good value for clients over the long-term. As such, when we do make changes, it may take time for improvements to be reflected in long-term performance.
Since the assessment period, we have announced changes to the Asia Pacific and North American funds.
Statements from previous years
These statements are based on facts and figures that were correct at the time of original publication.