Dear Valued Member,

We are pleased to share some exciting news as we begin 2026 on a high note.

The National Fund for Municipal Workers (NFMW) has officially surpassed R40 billion in Assets Under Management (AUM) — a significant milestone that reflects the Fund’s continued growth, strong governance, and prudent investment strategy.

This achievement is made possible through the ongoing trust of our members, the commitment of our participating employers, and the dedication of our Board of Trustees, partners, management, and staff. It reinforces NFMW’s focus on delivering sustainable value while safeguarding members’ long-term financial security.

What this means for you as a member:

• Stronger financial stability: A larger Fund is more resilient and better positioned to manage market fluctuations, protecting your retirement savings.
• Improved investment opportunities: Greater assets allow the Fund to access a wider range of investments, supporting sustainable returns.
• Cost efficiencies: Fund growth helps manage costs more efficiently, maximising value for members.
• Long-term security: The milestone reflects strong governance and sound investment strategies, securing your financial future.
• A Fund growing with you: This achievement shows that NFMW is evolving and growing while keeping members’ best interests at heart.

Together, we continue to empower members, evolve to create better futures, and excel in everything we do.

Thank you for being part of this journey and for your continued support of the Fund.

Kind regards,
National Fund for Municipal Workers (NFMW)
Empower. Evolve. Excel.

The table shows the most recent and long-term investment portfolio performances up to 31 December 2025.