April 2024 Unit Trust Update – UAP Old Mutual Umbrella Trust Fund Performance and Strategy

April 2024 brought encouraging news for investors in the UAP Old Mutual Umbrella Trust Fund. With the Uganda shilling gaining strength and treasury yields edging upward, the fund maintained its momentum and delivered another month of dependable returns. If you are looking for a low-risk, income-generating investment that beats inflation, this fund remains a strong contender.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, is ideal for investors who want consistent returns, capital protection, and immediate access to their funds when needed.

Key features as of April 2024:

Fund Size: UGX 1.985 trillion
Minimum Investment: UGX 1,000,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (access your money in two business days)
Risk Profile: Low
April 2024 Yield: 11.16 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Launch Date: 20 August 2013

This fund is best suited for people saving toward life goals like education, retirement, or buying land, and those looking for a reliable fixed-income option.

Performance Summary

The fund outperformed its benchmark yet again, showing resilience and stable growth.

Period	Return (%)	Benchmark (%)
April 2024	11.16	8.96
Quarter to Date	11.44	8.84
Year to Date	11.69	9.01
Since Inception	11.88	8.46

The benchmark is a blend of the 91-day T-bill rate, average call rate, and the prevailing inflation rate. These results reflect how well the fund continues to protect investor value and deliver real returns.

What the Fund Invests In

The Umbrella Trust Fund is invested in a diversified mix of fixed-income assets, combining safety with solid returns.

Asset allocation as of April 2024:

Treasury Bonds: 33.98 percent
Treasury Bills: 29.89 percent
Corporate Paper: 26.20 percent
Fixed Deposits: 5.14 percent
Cash and Call: 4.70 percent

This portfolio mix gives the fund a strong base of secure, interest-generating assets, allowing it to deliver income while protecting your capital.

Why This Fund Matters for Ugandan Investors

The Uganda shilling gained 3.28 percent in April, reversing a period of depreciation. Treasury yields also rose slightly, with the 91-day rate at 9.681 percent, the 182-day at 12.4 percent, and the 364-day at 13.366 percent. These movements, along with geopolitical and weather-related risks, highlight the importance of investing in a stable, well-managed fund.

The fund is ideal for:

Investors seeking a better return than fixed deposits
Parents saving for tuition
Professionals building an emergency fund
Anyone planning for retirement or major purchases

How to Invest with Level Africa

You can get started with the UAP Old Mutual Umbrella Trust Fund in just a few steps:

Create an account on Level Africa
Upload your National ID or Passport to complete KYC
Go to the Unit Trusts section
Select the Umbrella Trust Fund
Deposit funds into your wallet
Place your investment order
Track your returns on your dashboard

Final Thoughts

The UAP Old Mutual Umbrella Trust Fund continues to stand strong even as interest rates fluctuate and inflation pressures persist. With low minimum investment, flexible top-ups, and reliable monthly yields, it remains one of the best low-risk investment options for Ugandans.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a pooled investment fund that allows individuals to invest together in a portfolio of assets such as treasury bills, bonds, and corporate paper, all managed by a professional fund manager.

How do unit trusts work in Uganda?

You buy units in the fund. As the fund earns interest or grows in value, the value of your units increases. You can withdraw your money in two working days by redeeming your units.

Why should I choose a unit trust instead of a savings account?

Unit trusts offer higher returns, better inflation protection, and professional management compared to savings accounts. They are also regulated and diversified.

Is the Umbrella Trust Fund safe?

Yes. It is categorized as a low-risk fund and is regulated by the Capital Markets Authority. It invests primarily in government and high-quality corporate fixed-income instruments.

What is the minimum investment?

You can start with UGX 1,000,000 and add more in increments of UGX 100,000.

Can I lose money in this fund?

While no investment is entirely risk-free, the Umbrella Trust Fund is designed to preserve capital and generate steady returns, making losses highly unlikely.

How do I invest through Level Africa?

Sign up at Level Africa
Upload your ID
Choose the Umbrella Trust Fund
Fund your wallet
Place your investment
Track your growth anytime