Investments and Project Monitoring Committee
Overall contribution to sustainable wellbeing
The Committee's oversight contributed to continued growth in Assets Under Management, strong portfolio performance and progress across strategic development projects. Through disciplined investment governance, review of investment opportunities and oversight of project delivery, the Committee supported sustainable growth in member value while ensuring that investment decisions remained aligned with the Fund's fiduciary responsibilities and long-term strategic objectives.
The Committee remained focused on ensuring that all investment recommendations presented to the Board were supported by appropriate commercial, legal, technical and risk assessments and aligned with the Fund's long-term strategy and approved risk appetite.
FY2025/26 investment and project performance
Portfolio performance against approved targets
Assets Under Management
Target / Benchmark
Actual outcome
Exceeded
Gross Investment Return
Target / Benchmark
Actual outcome
Exceeded
Portfolio Optimisation Disposal Rate
Target / Benchmark
Actual outcome
Exceeded
Approved Portfolio Benchmark
Target / Benchmark
Actual outcome
Exceeded
- Assets under management increased by 26.4%, strengthening the Fund's financial position and long-term sustainability.
- Gross investment return significantly exceeded the approved annual target.
- Portfolio optimisation improved capital efficiency and strengthened liquidity available for redeployment.
Asset-class performance
Fixed Income
FY2024/25
UGX 20.52 trillionFY2025/26
UGX 24.70 trillionChange
+20%Continued to provide portfolio stability and sustainable income generation
Equities
FY2024/25
UGX 3.40 trillionFY2025/26
UGX 5.93 trillionChange
+74%Benefited from strong regional market performance and capital appreciation
Real Estate
FY2024/25
UGX 1.60 trillionFY2025/26
UGX 1.65 trillionChange
+3%Preserved asset value and strengthened diversification
Asset allocation oversight
Fixed Income
FY2025/26 allocation
77.0%Equities
FY2025/26 allocation
18.0%Real Estate
FY2025/26 allocation
5.0%The Committee reviewed portfolio allocations throughout the year and was satisfied that portfolio positioning remained within approved strategic asset-allocation parameters and aligned with the Fund's diversification objectives and risk appetite.