FAQs

Government Bonds, Treasury Bills, Fixed & Call Deposits.

A unit trust is characterized by a "trust" structure. Cornerstone (fund manager) does not hold client money, instead a custodian bank safe-keeps all the money. A trustee (KCB Bank) monitors every transaction to ensure that investments are made according to the mandate of the Unit Trust Fund.

Further more, Unit Trusts are regulated by the Capital Markets Authority (C.M.A) and are audited every year. Incase the fund manager’s license is not renewed by C.M.A, the unit trust fund is fully transferred to another licensed fund manager to manage.

The Unit Trust fund gives you affordable access to the financial markets. For as low as UGX 100,000, you gain access to various investment options within the capital markets and enjoy the benefits of professional fund management.

You can start by opening an account with Cornerstone Asset Managers Limited and depositing the initial amount of UGX 100,000. Simply log into my.cornerstone.co.ug

The minimum initial investment in the Uganda Shilling Income Fund is UGX 100,000 and you can top up anytime with a minimum of UGX 10,000.

The Dollar Income Fund requires a minimum initial investment of USD 500 and you can top up anytime with a minimum of USD 50.

The following counter parties ensure the Unit Trust is a secure investment:

1. The Trustee (KCB Bank) keeps an eye on all the engaged parties and verifies that all fund manager and custodian activities follow legal standards.
2. The custodian (KCB Bank) protects the unit trust's securities and assets in a separate account.
3. The fund Manager (Cornerstone Asset Managers) allocates the portfolio among several asset classes according to the fund's mandate and uses its market knowledge and expertise to provide an outstanding rate of return.
4. The Auditor (B.D.O East Africa), on a yearly basis, reviews and audits the operations of the unit trust to improve investor security even further.

It takes two working days after submitting a withdraw request. You can choose to withdraw your interest or your principle at any time.

Currently, URA hasn’t imposed any tax obligations on Unit Trusts.

With any investment, there is a positive relationship between expected return and risk i.e the greater the underlying risk, the higher the expected return;

With Cornerstone Unit trust funds;

1. Both the Uganda Shilling Income Fund and the US Dollar Income Fund are low risk investments which mainly invest in Fixed income securities and these are less risky assets.
2. The Uganda Shilling fund is an ideal investment for conservative investors seeking consistent returns in Uganda Shillings, making it a relatively safe investment.
3. Furthermore, the US Dollar Income Fund offers protection against currency risk while unlocking global investment potential.

The Cornerstone client portal provides daily information about the performance and unit trust fund.

Simply log into my.cornerstone.co.ug