ttutc • funds • income_fund
USD Income Fund
The Unit Trust Corporation’s US Dollar Income Fund was launched at the dawn of the new millennium in March 2000. The launch of this new and innovative fund signaled the intent of the Corporation to continue to meet the ever-increasing needs of its customers.
The US Dollar Income Fund is an open-ended, no load, US Dollar mutual fund. The fund was introduced to meet the needs of short-term investors with US Dollars to invest, seeking high current income, easy access to their funds and safety of capital.
The fund seeks to achieve this objective by investing in a diversified range of high quality short-term US Dollar denominated fixed income securities. These securities will include a wide range of government, corporate and money market instruments of investment grade quality.
Price of US IF Units
To open an account is easy, since only a minimum initial investment of US$100.00 is required. Subsequent investments, however, can be made with a minimum of US$20.00. Investors will have quick and easy access to their funds since withdrawals can be made in any amount at any time.
Rate of Income Fund
At the start of every month the Corporations Investment Department will quote an estimated yield. This quoted estimated yield is intended to reflect the minimum return the fund is expected to earn for the period. In the event the portfolio earns higher than was quoted, the investor will receive that higher rate. The quoted yield, however, can fluctuate from time to time and there is no guarantee the quoted yield will be realized.
Once the rate has been determined dividend income will be calculated and credited to the investor’s account at the end of the quarter.
Quarterly Distributions
The Fund’s quarterly distribution periods are:
- January 1 – March 31
- April 1 – June 30
- July 1 – September 30
- October – December 31
- April 1 – June 30
Trinidad and Tobago Unit Trust Corporation