• Unit Trust Information
• Investment Structure
• Investment Objective
• Annualised Returns
• Fund Manager
• Other UAL Unit Trusts

Date of inception: August 1993

This fund is designed for investors, including those with blocked rands, who require high income distributions. It invests in longer dated securities, so its unit price fluctuates with interest rates.

The portfolio will contain government, semi-government and high quality corporate fixed interest issues and money market deposits and securities. A portion of the portfolio may also be invested in lower grade, short dated securities with high redemption yields.

To achieve distributions which exceed those on Eskom Loan 168 over the medium-term. Although capital volatility is expected and acceptable, the Fund Manager aims to maintain capital value over the medium-term.

Annualised returns for period ended December 1995:

BRIAN JAMES (B. Comm) MBA (Columbia University, New York)

He was appointed assistant general manager in 1990 and is currently responsible for Gilt and Money Market operations.

• UAL Blue Chip Growth Fund
• UAL Selected Opportunities Fund
• UAL Managed Fund
• UAL Mining and Resources Fund
• UAL Gilt Fund

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