September 2023 Unit Trust Update – UAP Old Mutual Umbrella Trust Fund Performance and Strategy

The UAP Old Mutual Umbrella Trust Fund returned 11.24 percent in September 2023, holding steady even as the Ugandan shilling weakened and local interest rates rose. In a challenging month marked by fiscal pressure and global market shifts, the fund continued to deliver safe, reliable returns for income-focused investors across Uganda.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, is a low-risk, fixed-income investment designed to preserve capital and provide consistent monthly income.

Key facts as of September 2023:

  • Fund Size: UGX 1.502 trillion

  • Minimum Investment: UGX 1,000,000

  • Top-Up Amount: UGX 100,000

  • Liquidity: T+2 (withdraw your funds in two business days)

  • Risk Profile: Low

  • September Yield: 11.24 percent

  • Management Fee: 2 percent

  • Initial Fee: 0 percent

  • Fund Inception: 20 August 2013

Performance Summary

The fund outperformed its benchmark and continued its trend of delivering inflation-beating returns.

Period Return (%) Benchmark (%)
September 2023 11.24 8.96
Quarter to Date 11.57 8.63
Year to Date 11.88 9.82
Since Inception 11.89 8.45

This consistency makes it a trusted option for wealth preservation.

What the Fund Invests In

The fund invests in a well-balanced portfolio of secure, interest-generating fixed-income instruments.

Asset allocation:

  • 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 conservative strategy ensures both safety and yield for investors.

Why This Fund Matters for Ugandan Investors

In September, the Uganda shilling weakened by 2.43 percent to UGX 3,756.21, pressured by fiscal concerns after the World Bank funding withdrawal. Government borrowing drove Treasury bill yields higher, with the 91-day rate at 9.607 percent, the 182-day at 11.9 percent, and the 364-day at 12.78 percent.

Even in this volatile environment, the Umbrella Trust Fund remained strong. Its 11.24 percent yield provided:

  • Monthly income above inflation

  • A shield against currency erosion

  • Safe growth for school fees, land, or retirement plans

  • An upgrade from underperforming savings accounts or SACCOs

How to Invest with Level Africa

You can begin investing in just a few minutes with Level Africa:

  1. Create an account at Level Africa

  2. Upload your National ID or Passport

  3. Navigate to the Unit Trusts section

  4. Select the Umbrella Trust Fund

  5. Deposit funds into your wallet

  6. Place your order

  7. Track your investment performance anytime

Final Thoughts

September 2023 reinforced why the UAP Old Mutual Umbrella Trust Fund is one of Uganda’s most reliable investments. With strong, stable returns and low entry requirements, it remains a go-to option for anyone serious about building long-term wealth.

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Frequently Asked Questions

What is a unit trust?

It’s a pooled investment fund where investors’ money is professionally managed and invested in interest-generating assets like treasury bills and corporate bonds.

How do unit trusts work in Uganda?

You buy units in the fund. The fund earns returns through its investments, and those earnings are reflected in the value of your units. You can redeem your funds in two business days.

What is the minimum investment?

UGX 1,000,000 to start, with top-ups from UGX 100,000.

Is this fund safe?

Yes. It’s a low-risk investment regulated by the Capital Markets Authority and focused on capital preservation.

Can I lose money?

While no investment is completely risk-free, this fund is structured to minimize risk and protect your capital.

How is this better than a savings account?

You earn higher interest, your money is professionally managed, and you maintain access to liquidity with just a two-day turnaround.

How do I invest with Level Africa?

  1. Create an account at Level Africa

  2. Upload your ID

  3. Fund your wallet

  4. Choose the Umbrella Trust Fund

  5. Place your order

  6. Track your performance online


 

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