The UTC's US$ Dollar Income Fund is an open ended, no-load, US$ Dollar mutual fund that meets the needs of short to medium-term investors seeking potential to earn income while having access to their funds without penalties.

  • Risk Level: Conservative
  • People who have invested in this fund, also invest in: TT$ Income Fund

Disclaimer: An investor should consider a Fundís investment objectives risks, charges and expenses carefully before investing. This and other important information can be found in the Fundís prospectus. Obtain a prospectus from our website or at any of our UTC Investment Centres and read carefully before investing.

The fund invests in a diversified range of 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$ Income Fund Units

A minimum initial investment of US$100.00 is required. Subsequent investments, 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 and are made possible with a UTC US Dollar VISA International Debit Card (INCLUDE LINK) 

Rate of Income Fund

At the start of every month an estimated yield is quoted. 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. The rate is published daily on the UTC website and in the Trinidad and Tobago print media so you can always know your yield.

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

Interest compounded daily and credited quarterly Faster growth
No charges or penalties on withdrawal No surprises
Withdrawals & deposits at any time Investing at your own pace
100% access Available in cases of emergency
US$IF Debit Card No worries about carrying cash
Unchanging $20 per unit Safety of capital
$100 to start Everyone has an opportunity to invest
US Dollar denominated Added currency protection

 

USD Income Fund Chart
The Fund Details
Currency US$
Product Type Income
Portfolio Investments
  • Bonds
  • Commercial paper
  • Commercial Deposits
  • Treasury bills
Risk Profile Conservative
Unit Price US $20
Initial Investment 5 UNITS
Minimum Subsequent Purchase No minimum limit
Interest
  • Compounded daily
  • Credited quarterly
Statements Quarterly – available online
Redemptions Same day without penalty
Collateral Use Yes
Charges No services, sales, handling charges
Rate of Income
  • Quoted monthly
  • Published daily
Holding Period
  • TT$ cheques cleared within 15days
  • Foreign cheques cleared within 30 days
Debit Card Optional - $50 US
Guarantee No