National Fund for Municipal Workers

February 2018

The trustee elections to fill four positions on the Board of Trustees are well underway.

We have received valid nominations and will now start with the second phase of the election process. Members in the participating provinces, where voting is required, will receive their election communication in the upcoming weeks. Thank you for your active participation.

Member education and providing the necessary tools to enable members to make informed decisions, forms part of the fund's main objectives. Included in this mailer is the latest fund video which focuses on preparing for retirement.

Please take the time to watch the video and feel free to contact us if you have any questions or require assistance with fund-related matters.

Kind regards

Sean Samons
Principal Executive Officer

Indemnity statement

The National Fund for Municipal Workers does not accept liability for any loss, damage or expense that may be incurred as a direct result or consequence of reliance upon the information in this document. If there is any conflict between the information in this document and the actual Rules of the Fund, the actual Rules of the Fund will prevail.



<h3>Investment portfolio performance</h3>

Portfolio Jan '18 Cumulative YTD
Capital Protector 0.51% 4.98%
Stable Growth 0.22% 7.23%
Capital Growth 0.11% 7.48%
Aggressive Growth (0.04%) 7.64%
Shari’ah 0.96% 7.73%