Compare Unit Trusts Available on Level Africa
Compare Unit Trusts available through Level Africa and choose a fund based on your investment goal, currency, minimum investment and the characteristics of the fund.
Old Mutual
Unit Trust options for income, liquidity and medium- to long-term investing.
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Product Overview
| Available Funds | Cornerstone Income Fund |
Old Mutual Umbrella Trust Fund Old Mutual Money Market Fund |
ICEA Money Market Fund |
SanlamAllianz Income Fund SanlamAllianz Dollar Fund |
|---|---|---|---|---|
| Currency | UGX | UGX | UGX | UGX / USD |
| Fund Type | Income-focused fund |
Income-focused fund Money Market Fund |
Money Market Fund |
Income Fund Dollar Fund |
| Potential Fit | Income-focused investing |
Medium- to long-term investing Short-term investing and liquidity |
Liquidity and capital preservation |
Short- to medium-term investing USD-denominated investing |
Investment Details
| Minimum Investment | UGX 100,000 | UGX 100,000 | UGX 100,000 |
Income Fund: UGX 100,000 Dollar Fund: USD 1,000 |
|---|---|---|---|---|
| Recent Rate / Return |
15.27% Effective Annual Yield |
Umbrella Trust: 12.98% July Yield Money Market Fund: 12.66% July Yield |
12.10% 1-Month Return |
Income Fund: 12.06% 30-Day Average Rate Dollar Fund: 5.31% Annual Return |
| Minimum Top-Up | See fund terms | See fund terms | UGX 100,000 | UGX 100,000 USD 500 |
| Investment Strategy | Income-focused investing through a diversified fixed-income portfolio. |
Umbrella Trust focuses on income and capital preservation. Money Market Fund focuses on shorter-term investing, liquidity and capital preservation. |
Money-market investing focused on income, liquidity and capital preservation. | Income-focused investing in UGX, with a separate USD-denominated option for investors seeking dollar exposure. |
Returns shown are the latest available figures as of July 2026. Different funds report performance using different periods and methodologies, so the figures should not be treated as a like-for-like ranking. Returns are not guaranteed.
Liquidity & Access
| Liquidity | Redeemable subject to fund terms. |
Umbrella Trust: designed for medium- to long-term investing. Money Market Fund: designed with shorter-term liquidity in mind. |
Designed for liquidity and capital preservation. | Redeemable subject to the terms of the selected fund. |
|---|---|---|---|---|
| Withdrawal / Redemption | Subject to fund terms | Subject to fund terms | Subject to fund terms | Subject to fund terms |
| Investment Period | Recommended term: approximately 1 year |
Umbrella Trust: medium- to long-term Money Market Fund: shorter-term |
Short-term investing | Depends on the selected fund and investment objective |
| Online Access | Available through Level Africa | Available through Level Africa | Available through Level Africa | Available through Level Africa |
Investor Fit
| Potential Investor Fit | Investors looking for income-focused UGX investing. | Investors seeking either longer-term income or shorter-term liquidity. | Investors prioritising liquidity and capital preservation. | Investors looking for UGX income or USD-denominated investment exposure. |
|---|---|---|---|---|
| Primary Goal | Income generation and long-term capital appreciation. | Income, capital preservation and liquidity depending on the selected fund. | Capital preservation, liquidity and income. | Income generation or currency diversification. |
| Risk Profile | Low to medium | Depends on the selected fund | Depends on the fund's underlying portfolio | Depends on the selected fund and currency exposure |
| What to Consider | Significant bond exposure and investment period. | Choose between the Umbrella Trust and Money Market Fund based on your liquidity needs and investment period. | Consider liquidity needs, fund performance and the underlying portfolio. | Consider whether your goal is UGX income or USD exposure before selecting a fund. |
Why Invest in Unit Trusts?
Unit Trusts pool money from multiple investors into professionally managed portfolios.
Instead of selecting and managing every investment yourself, a professional fund manager invests the pooled money according to the fund’s strategy.
Depending on the fund, the portfolio may include Treasury Bills, Treasury Bonds, fixed deposits, corporate debt and other investments.
This can give investors access to:
Professional Management
Your investment is managed by an experienced fund manager.
Diversification
Your money can be spread across multiple investments rather than relying on a single asset.
Accessible Minimums
Several UGX Unit Trusts available through Level Africa start from UGX 100,000.
Different Investment Goals
Choose between funds designed around liquidity, income, medium- to long-term investing or USD exposure.
Choose a Unit Trust Based on Your Goal
There isn’t one Unit Trust that is automatically best for every investor.
For Short-Term Money & Liquidity
Money Market Funds can be worth considering when access to your money and capital preservation are important.
Available options include the Old Mutual Money Market Fund and ICEA Money Market Fund.
For Income-Focused Investing
Investors looking at income-focused portfolios can compare the Cornerstone Income Fund, Old Mutual Umbrella Trust Fund and SanlamAllianz Income Fund.
For USD Investing
The SanlamAllianz Dollar Fund provides a USD-denominated Unit Trust option through Level Africa.
Starting With UGX 100,000
Several available UGX funds have a minimum investment of UGX 100,000, giving investors multiple options at the same starting amount.
How to Invest in Unit Trusts Through Level Africa
Investing through Level Africa takes four steps.
1. Create & Verify
Create your Level Africa account and complete verification.
2. Fund Your Wallet
Add money to your Level wallet.
3. Choose a Unit Trust
Compare available funds and select the one you want to invest in.
4. Invest & Track
Complete your investment and track it through your Level Africa account.
Learn About Unit Trusts
Frequently Asked Questions
What is a Unit Trust?
A Unit Trust pools money from multiple investors into a professionally managed investment fund. Investors own units in the fund, while a fund manager invests the pooled money according to the fund’s investment strategy.
What is the minimum investment?
Several UGX Unit Trusts available through Level Africa currently start from UGX 100,000. The SanlamAllianz Dollar Fund starts from USD 1,000.
What returns can I earn from a Unit Trust?
Returns vary between funds and can change over time. Different funds also report performance using different methodologies and periods. Unit Trust returns are not guaranteed.
How do Unit Trusts generate returns?
Returns come from the underlying investments held by the fund. Depending on its strategy, these may include government securities, fixed deposits, corporate debt and other investments.
How long do I need to invest?
It depends on the fund and your objective. Some funds focus more on shorter-term liquidity, while others may be more appropriate for medium- or longer-term investing.
Can I withdraw my investment?
Unit Trusts are generally open-ended, but redemption processes and settlement periods vary by fund. Check the specific withdrawal terms of the fund before investing.
Can I add more money after investing?
Many Unit Trusts allow additional investments after the initial investment, subject to the fund’s minimum top-up requirements.
Are Unit Trusts low risk?
Risk varies by fund because different Unit Trusts hold different underlying investments. Review the fund’s investment strategy, portfolio and stated risk profile before investing.
Are all Unit Trusts the same?
No. Unit Trusts can differ significantly in investment strategy, underlying assets, currency, liquidity, risk, fees, minimum investment and historical performance.
How do I choose a Unit Trust?
Start with your investment goal. Then compare available funds based on liquidity, investment period, currency, risk, strategy, minimum investment and recent performance.