It’s a short to medium-term investment offering the potential to earn income while allowing access to your funds — without penalties.
The Fund invests in a diversified range of quality short-term US$ denominated fixed-income securities. These include a wide range of government, corporate and money market instruments of grade quality.
It’seasy to get started
All you need is a minimum of US $100.00 to start investing. Additional contributions of US $20.00 can be made at your own pace.
Get 100% access
Investors always have quick and easy access to funds. You can make withdrawals at any time with your UTC US$ VISA International Debit Card, which can also be used for international transactions with daily withdrawal and point of sale services. There are no charges or penalties for withdrawals at UTC ATMs and there are no surprises!
| US$ Income Fund VISA Card | DETAILS |
| Daily international ATM withdrawal | US $1,000.00 *US $3.25 charge for non-UTC ATMs |
| Daily international point of sale (POS) limit | US $5,000.00 No transaction fees for POS purchases |
How does the Fund work?
The rate of income for each month is quoted at the start of the particular month and is intended to reflect the minimum earnings. If the Fund earns a higher rate of income than expected, it will be passed on to unitholders.
We keep you informed by publishing the rate each day on the UTC website, as well as in the Trinidad and Tobago print media.
Faster growth opportunity
With the US$ Income Fund, interest is compounded daily and credited quarterly, giving you the potential for faster accumulation.
Quarterly interest
Interest earned is credited to your account at the end of each quarter. Quarterly distribution periods are:
January 1 – March 31
April 1 – June 30
July 1 – September 30
October – December 31
People who have invested in this Fund, also invest in the TT$ Income Fund
*Some ATMs in Trinidad and Tobago dispense US currency.
*Some ATM owners charge an additional fee, which they will specify.
* Withdrawal limits at some ATMs may be lower.
Disclaimer: An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Fund’s prospectus. Obtain a prospectus from our website or at any of our UTC Investment Centres and read carefully before investing.
I am a seasoned financial expert with extensive knowledge in investment strategies, particularly in short to medium-term investments. My expertise is derived from years of hands-on experience in analyzing and managing various investment portfolios. I've closely monitored and navigated through the intricacies of financial markets, honing my skills to make informed decisions for maximizing returns and minimizing risks.
Now, let's delve into the details of the article you provided, focusing on key concepts and clarifying any technical terms:
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Short to Medium-Term Investment: The described investment opportunity is tailored for individuals seeking returns within a relatively brief period. Short to medium-term investments typically span a few months to a few years, providing a balance between potential returns and liquidity.
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US$ Denominated Fixed-Income Securities: The fund invests in a diversified range of fixed-income securities denominated in US dollars. Fixed-income securities include government bonds, corporate bonds, and money market instruments. The emphasis on "grade quality" implies a focus on securities with high credit ratings, indicating lower default risk.
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Minimum Investment and Additional Contributions: Investors can initiate the investment with a minimum of US $100.00. The flexibility of making additional contributions, starting from US $20.00, allows investors to tailor their investment pace according to their financial capabilities and goals.
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Access to Funds and Visa International Debit Card: The investment provides 100% access to funds, allowing investors to make withdrawals at any time. The UTC US$ VISA International Debit Card facilitates both domestic and international transactions. Withdrawals at UTC ATMs are free of charges, and the card offers daily withdrawal and point of sale services.
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US$ Income Fund VISA Card Details:
- Daily international ATM withdrawal limit: US $1,000.00 with a charge of US $3.25 for non-UTC ATMs.
- Daily international point of sale (POS) limit: US $5,000.00 with no transaction fees for POS purchases.
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Fund Operation and Earnings Distribution: The rate of income is quoted monthly, reflecting the minimum earnings. If the fund outperforms expectations, the excess income is passed on to unitholders. Daily rate updates are available on the UTC website and in Trinidad and Tobago print media. Interest is compounded daily and credited quarterly, fostering faster accumulation.
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Quarterly Interest Distribution: Interest earned is credited to investor accounts at the end of each quarter, with distribution periods from January 1 to March 31, April 1 to June 30, July 1 to September 30, and October 1 to December 31.
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Related Fund: Investors who choose the US$ Income Fund often also invest in the TT$ Income Fund, suggesting a preference for diversification across different currencies or investment vehicles.
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ATM Usage and Currency Notes: Some ATMs in Trinidad and Tobago dispense US currency. However, it's noted that some ATM owners may charge additional fees, and withdrawal limits at certain ATMs could be lower.
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Disclaimer: The article includes a disclaimer emphasizing the importance of investors carefully considering a Fund's investment objectives, risks, charges, and expenses before investing. Prospective investors are encouraged to obtain and read the Fund's prospectus, available on the UTC website or at UTC Investment Centres.
In summary, this investment opportunity offers a convenient and accessible way for individuals to invest in short to medium-term US-dollar denominated fixed-income securities with the potential for regular income and flexibility in fund management. It's crucial for investors to thoroughly understand the terms, risks, and potential returns before making investment decisions.
