When you invest with UTOF, you will be issued with “units” for your subscription amount at the prevailing unit entry price.

Unit Trust of Fiji (Management) Limited (“The Manager”) is licensed by the Reserve Bank of Fiji to conduct and carry out the business of managing UTOF.

The shareholder of Unit Trust of Fiji (Management) Limited is the Ministry of Economy. UTOFML is a public enterprise as legislated under the Public Enterprises Act 2019 and the Financial Management Act.

The Income Fund only provides competitive tax-free dividend income to unit holders and the unit holders’ capital is preserved since the unit prices are fixed at a par value of $1.00 per unit (entry and exit). The Income & Growth Fund provides tax-free dividend income to unit holders and potential capital growth, which is directly dependent on the performance of the investment portfolio. The tax-free dividend is applicable to all UTOF investors (residents and non-residents). 

The cash management (holding) fund is a non-interest facility, and this is restricted to unit holders only. The rationale for establishing the cash management (holding) fund is to facilitate the investor transactions. The registered investor (unit holder) will automatically be registered for a cash management (holding) fund to facilitate the following transactions: Residual value from the investments (also referred to as “change owed” to investors), Dividends deposited and awaiting decision from the unit holder, Withdrawals of units (funds), Funds in transition whilst it is accumulated for purchase of additional units, Dividends not claimed due to unpresented cheques (stale cheques - This is applicable to those
investors who prefer to receive dividends via cheques) and direct credit rejected from by the bank. 

The unit prices are calculated on a bi-monthly basis (historical pricing) and will vary from time to time depending on the net asset value of the Fund’s investments. The Fund’s investment portfolio is valued or updated on bi-monthly basis.

The minimum investment required to open an account is 50 units. The Income Fund offers unit prices are fixed at a par value of $1.00 per unit (entry and exit). Hence; 50 units x $1.00 = $50.00. The Income and Growth Fund unit prices varies bi-monthly, hence, 50 units x buying price will give you the minimum investment value required to open an account under the Income and Growth Fund. 

There is no restriction on the age of any investor. UTOF can accommodate any investor irrespective of age based on the investor's investment objective. 

The dividend is declared every 6 months of the calendar year, the interim dividend cut-off (first 6 months) is on 30th June and the divided is paid out on 15 July. The final dividend cut-off date is 30 December, and the dividend is paid out on 15 January the following year. The cut-off dates are essentially the dates that the dividends are calculated and is paid out after 15 days. Any investment (top-up) after the dividend cut-off dates will be incorporated in the next the dividend payout, subject to any withdrawal(s) within the 6 monthly period.

Please refer to Fund profile in the Prospectus for a full information on the benefits, risks, and the risk mitigative strategies. 

Yes, the unit holder/investor can open multiple accounts for multiple purposes, this is encouraged for long term basis and is supported by consistent top-ups. UTOF provides competitive tax-free dividends, reinvestment (dividends are deposited back into the account), potential for capital growth (your initial investment increases over the years) for Income & Growth Fund investors only.