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

In August 2023, the UAP Old Mutual Umbrella Trust Fund posted a stable monthly return of 11.29 percent, showing resilience amid currency pressure and rising interest rates. For investors focused on low-risk returns and wealth preservation, this fund continues to be one of the most consistent options on the market.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, is designed for long-term savers who want income, safety, and liquidity.

Key features for August 2023:

Fund Size: UGX 1.449 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
August Yield: 11.29 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

It’s a reliable option for anyone seeking consistent monthly returns while avoiding high market risk.

Performance Summary

The fund beat its benchmark again across all timeframes.

Period	Return (%)	Benchmark (%)
August 2023	11.29	9.04
Quarter to Date	11.67	8.66
Year to Date	11.91	9.92
Since Inception	11.89	8.45

The fund has delivered strong, inflation-beating returns since launch — a testament to its disciplined investment strategy.

What the Fund Invests In

The fund invests in secure, interest-generating assets to deliver steady returns and protect your capital.

Asset allocation as of August 2023:

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 mix ensures your money works efficiently without unnecessary exposure to market risk.

Why This Fund Matters for Ugandan Investors

In August, the Uganda shilling weakened by 1.16 percent, closing at UGX 3,710. The drop followed the World Bank’s funding withdrawal, adding pressure on the country’s fiscal position. In response, yields on government securities jumped — the short end of the yield curve rose by 100 basis points, and the long end by 110 basis points.

Despite these challenges, the Umbrella Trust Fund delivered an 11.29 percent return, offering investors:

Real income above inflation
Protection from currency and market volatility
Better returns than most savings accounts or SACCOs
Access to funds in just two business days

This makes the fund a great fit for:

Parents saving for school fees
Professionals building emergency funds
Retirees seeking monthly income
Anyone planning for long-term financial goals

How to Invest with Level Africa

Start your investment journey in just a few simple steps:

Create an account at Level Africa
Upload your National ID or Passport
Visit the Unit Trusts section
Select the Umbrella Trust Fund
Deposit funds into your wallet
Place your order
Track your returns anytime from your dashboard

Final Thoughts

August may have brought some macroeconomic uncertainty, but the UAP Old Mutual Umbrella Trust Fund stayed steady. With its low risk, strong monthly yield, and easy liquidity, it remains one of the smartest ways to preserve and grow wealth in Uganda.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a type of pooled investment where money from many investors is managed by professionals and invested in interest-earning securities like treasury bills and bonds.

How do unit trusts work in Uganda?

You purchase units in the fund. The fund’s investments generate income and capital gains, which increase the value of your units over time. You can sell your units and access your funds within two business days.

What’s the minimum amount to invest?

You can start with UGX 1,000,000 and make top-ups from UGX 100,000 onwards.

Is the Umbrella Trust Fund safe?

Yes. It is classified as low risk and regulated by the Capital Markets Authority. It focuses on secure, income-generating instruments.

Can I lose money in this fund?

While no investment is entirely risk-free, the Umbrella Trust Fund is structured for capital preservation and has a long record of consistent returns.

How is this different from a savings account?

Unit trusts usually offer higher returns, professional management, and better inflation protection compared to a savings account.

How do I invest using Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Select the Umbrella Trust Fund
Place your order
Track your progress from your dashboard