May 27, 2026 – The Trinidad and Tobago Unit Trust Corporation (UTC) held its 44th Annual General Meeting (AGM) today in San Fernando, addressing the Corporation’s landmark performance, expanding regional footprint, and strategic evolution.
Guided by the theme Future-Ready: Evolving with Purpose, Expanding with Vision, Delivering Value, the meeting highlighted a transformative period of financial growth. The UTC delivered exceptional performance, generating a total of TT$1.3 billion in investment income. Total distribution payouts scaled dramatically, with TT$659.9 million paid out to investors (a 33.3% increase over the prior period), ensuring that unitholders’ capital continues to deliver competitive returns.
Distribution totals across major retail funds included:
- TT Dollar Income Fund (TTIF): Distributed TT$381.1 million to unitholders (a 36% increase over the prior period).
- US Dollar Income Fund (USIF): Distributed TT$176.2 million to unitholders (a 35.8% increase over the prior period).
- Growth and Income Fund (GIF): Distributed TT$87.8 million to unitholders (an 18.5% increase over the prior period).
The milestone period also marked a historic moment in the maturation of the local capital market as the pioneering Calypso Macro Index Fund (CMIF) successfully reached its planned maturity in September 2025. Over its ten-year lifecycle, the Fund’s Net Asset Value increased from $24.82 at inception to $27.50 at maturity, representing an overall gain of approximately 11%.
Addressing the meeting for the first time as Chairman, Mr. Varun Maharaj emphasized the Corporation’s governance, structural stability, and deep institutional trust. He stated, “The Board’s primary role is to safeguard the long-term strength of the Corporation, maintain impeccable governance, and ensure we always operate in the absolute best interests of our unitholders. In a global environment marked by elevated interest rates and geopolitical uncertainties, our focus on disciplined institutional practices and prudent risk management has allowed UTC to deliver historic value while maintaining the operational stability for which we are known.”
Executive Director Mr. Nigel Edwards shared that, “At UTC, we remained focused on prudent portfolio management, maintaining strong liquidity, rigorous risk oversight, and a thoughtful long-term investment strategy. We approached the year with care and confidence, knowing from experience that even in uncertain times, there are opportunities for those who are disciplined and prepared.”
During the meeting, unitholders were also addressed by the Chief Financial Officer, Kerri Maharaj, who provided a detailed analysis of UTC’s fiscal health with a presentation on the Corporation’s financials. This was followed by a report from the Chief Investment Officer, Crystal Rodriguez-Greaves, who discussed the investment performance of the Corporation’s Funds.
UTC’s strategic focus remains on building broader economic depth, spearheaded by initiatives such as the Scale Up TT business accelerator program and the newly introduced 2025 Scale Up Expo, which allowed local entrepreneurs to showcase their products directly to the public.
Regionally, the UTC Global Balanced Fund Limited (GBFL) has established itself as a premier investment option in the Eastern Caribbean. The fund expanded its footprint across Grenada, St. Kitts & Nevis, and Dominica in 2025, with Antigua and Barbuda officially joining the UTC GBFL family in early 2026. Operating across six Eastern Caribbean Currency Union (ECCU) member states, the fund delivered an impressive 8.73% return for investors in 2025.
Understanding the importance of convenience and accessibility, UTC continues to advance its digital enablement as a fundamental driver of growth, allowing unitholders to seamlessly manage investments online and via the updated UTC App available on the App Store and Google Play.
