Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A16
3) INVESTMENT FUNDS
The portfolio values of the locally based investment funds are as follows:
2012
$’000
2011
$’000
Growth and Income Fund
3,681,924
3,302,751
TT$ Income Fund
11,154,721
10,556,777
Universal Retirement Fund
212,709
186,917
US$ Income Fund
4,518,692
4,098,404
Total
19,568,046
18,144,849
4) INVESTMENT SECURITIES
2012
2011
$’000
$’000
Held-to-maturity investments carried at amortized cost:
Bonds (i)
-
160
Equity
50,766
48,653
Mutual Funds
6
6
Short-term investments (ii)
88,732
91,150
139,504
139,969
Available-for-sale assets carried at fair value:
Bonds (i)
1,700,234
2,592,800
Equity
276,196
121,086
Mutual Funds
15,820
15,843
Short-term investments (ii)
13,500
12,757
2,005,750
2,742,486
2,145,254
2,882,455
(i)
The weighted average rate of interest on the bonds at 31 December, 2012 was 1.6% (2011: 1.5%).
(ii)
All short term securities had original maturities of more than three (3) months.
Unit Trust Corporation
Annual Report 2012
