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

The UAP Old Mutual Umbrella Trust Fund continued its streak of strong monthly returns in July 2024, offering investors a stable income source in a shifting economic environment. With treasury yields adjusting and inflation edging up slightly, the fund delivered a solid 11.47 percent yield, outperforming its benchmark and reinforcing its position as one of the best low-risk investment options in Uganda.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, remains a dependable solution for conservative investors who want steady returns with minimal risk.

Key fund details for July 2024:

Fund Size: UGX 2.211 trillion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (withdraw funds in two business days)
Risk Profile: Low
July 2024 Yield: 11.47 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Launch Date: 20 August 2013

This fund is ideal for individuals saving for medium to long-term goals like land, education, or retirement, or anyone seeking a monthly income stream with low exposure to market volatility.

Performance Summary

The fund continued to beat its benchmark across all timeframes:

Period	Return (%)	Benchmark (%)
July 2024	11.47	8.59
Quarter to Date	11.67	8.81
Year to Date	11.69	8.76
Since Inception	11.87	8.47

These consistent results demonstrate the value of disciplined fund management and a conservative investment strategy.

What the Fund Invests In

The Umbrella Trust Fund is invested in secure, interest-bearing instruments to generate steady income while limiting risk.

Asset allocation as of July 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 mix provides both liquidity and income while protecting against large market swings.

Why This Fund Matters for Ugandan Investors

In July, the Uganda shilling depreciated slightly by 0.4 percent to close at UGX 3,726.36. Treasury yields dropped across most tenors, with the 91-day bill falling to 9.7 percent, the 182-day to 12.456 percent, and the 364-day to 13.43 percent.

Despite these shifts, the fund delivered a yield of 11.47 percent, far outpacing inflation, which rose to 4 percent year-over-year. This performance makes the Umbrella Trust Fund a strong tool for:

Protecting purchasing power
Earning monthly income
Saving for education or long-term goals
Diversifying away from cash and savings accounts

How to Invest with Level Africa

You can start investing today through Level Africa in just a few easy steps:

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

Minimum investment starts at just UGX 100,000.

Final Thoughts

With strong returns, low risk, and ease of access, the UAP Old Mutual Umbrella Trust Fund remains one of the best-performing fixed-income options in Uganda. If you’re looking for a simple, safe, and rewarding investment, this fund is an excellent place to begin.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a pooled investment where many investors contribute funds, which are then professionally managed and invested in income-generating assets like treasury bills and corporate bonds.

How do unit trusts work in Uganda?

You purchase units in the fund. As the fund earns returns, the value of your investment grows. You can withdraw your funds within two business days.

Why choose a unit trust over a savings account?

Unit trusts offer higher returns, protection against inflation, and professional management compared to traditional savings accounts.

Is the Umbrella Trust Fund safe?

Yes. It is regulated by the Capital Markets Authority and is considered low risk due to its investment in government and high-grade corporate securities.

What is the minimum investment?

You can start with UGX 100,000 and continue topping up from that amount.

Can I lose money in this fund?

While all investments carry some level of risk, the Umbrella Trust Fund is designed to protect your capital. It has a strong history of stability and performance.

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 returns online