TT$ Income Fund
TT$ Income Fund
The TT$ Income Fund offers competitive returns with conservative, relatively low risk. Investors have an opportunity to earn additional income, with quick and easy access to their cash.
Our Product Line
Investing can be affordable! Each unit in the TT$ Income Fund costs just $20. You can begin investing by opening an account with a minimum purchase of five units, for just TT $100.00.
You have the potential to earn the highest income available — pending market conditions — while having access to your money anytime you need it. Once earned, income is compounded daily and credited to your account quarterly.
Can I withdraw?
There are no withdrawal penalties. All or part of the funds in your account can be withdrawn at any time during the year. Interest earned for the period of retention is credited to your account at the end of the quarter. There is no minimum holding period. However, if payment is made by cheque, the cheque must be cleared before any withdrawals can be made from the account.
September 1 – November 30
December 1 – February 28
March 1 – May 31
June 1 – August 31
Rate of the TT$ Income Fund
At the beginning of every month, the UTC quotes an estimated yield. This estimation indicates the minimum return the Fund is expected to earn for the stated period. If, however, the portfolio earns higher than the estimation, the investor will receive that higher rate.
Although yields are based on professionally calculated estimations, there is no guarantee that the monthly quote will be realised. Rates are published daily on the UTC website and in the Trinidad and Tobago print media, so unitholders can regularly check their yield. At the end of the period, once the rate has been determined, dividend income will be calculated and credited to investor accounts at the end of the quarter.
People who have invested in this Fund, also invest in the US$ Income Fund
Disclaimer: Investors should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Fund’s prospectus. Obtain a prospectus from our website or at any of our UTC Investment Centres and read carefully before investing.