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FAQs

A Collective Investment Scheme (CIS) is generally defined as an investment product whereby investors contribute payments toward a pool of investments (or CIS) that is managed by a professional CIS manager on behalf of the investors. A person, who contributes payments into a CIS, in essence purchases units within the CIS and is thus known as a shareholder.

A Balanced CIS invests in stocks (equities) as well as bonds and other fixed income instruments.

Collective Investment Schemes (CIS) can be defined as either open-ended or closed-ended. An open-ended CIS continually creates new shares and allows unitholders the ability to redeem their shares at the prevailing Net Asset Value (NAV). A closed-ended CIS is usually listed on an exchange (stock exchange) and has a fixed number of shares outstanding so that investors must purchase shares from other investors via a secondary market.

When the funds are pooled from investors, the CIS managers then invest these funds in various securities which may include: stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investment products. The combined securities and assets managed by Collective Investment Schemes are known as its portfolio; which is managed by a CIS Manager.

A NAV means the total assets of a CIS, including all cash, cash equivalents, less total liabilities of a Fund.

In the case if UTC GBFL, the NAV is also known as the Bid Price.

Account Opening FAQ

The initial investment in UTC GBFL is a minimum of US$100 (or EC$ equivalent). Subsequent investment (minimum US$20 or EC$ equivalent).
Any person over the age of 18 years, corporations, limited liability companies, limited partnerships, general partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organisations.

Documents Required:

If you already have a Brokerage Account, simply visit your Broker-Dealer to:

(i) Complete the UTC GBFL onboarding process to become a GBFL shareholder; and
(ii) Make an initial investment in the UTC GBFL with a minimum of US$100 (or EC$ equivalent).

If you do not have a Brokerage Account:

(i) Establish a Brokerage Account with a licensed Broker-Dealer;
(ii) Complete the UTC GBFL onboarding process to become a UTC GBFL shareholder; and
(iii) Make an initial investment in UTC GBFL with a minimum of US$100 (or EC$ equivalent)

To establish a brokerage account you may need:

– Two valid IDs
– Proof of address
– Proof of Income and/or source of funds
– Completion of the Broker-Dealer’s account opening suite of documents

Note: Please contact the Broker-Dealer to determine the brokerage account opening requirements.

UTC GBFL is regulated by the Eastern Caribbean Securities Regulatory Commission in accordance with the Securities Act and the CIS Regulations.

The prospectus can be accessed here.

For more information, contact UTC FMS at (758) 452-8005/8 or contact a licensed Broker-Dealer.

Bank of Saint Lucia Ltd.
#1 Bridge Street
P.O. Box 1862
Castries, LC04 101
SAINT LUCIA

Bank of St. Vincent and the Grenadines Ltd.
P.O. Box 880
Kingstown
ST. VINCENT & THE GRENADINES

First Citizens Investment Services (St. Lucia)
John Compton Highway
Sans Souci
Castries,
ST. LUCIA

First Citizens Investment Services (St. Vincent and the Grenadines)
2nd Floor, Lewis Pharmacy Building
Corner James and Middle Streets
Kingstown
ST. VINCENT AND THE GRENADINES

Grenada Co-operative Bank Limited
No. 8 & 14 Church Street
St. George’s
GRENADA

St. Kitts-Nevis-Anguilla National Bank Ltd.
P.O. Box 343 Central Street
Basseterre
ST. KITTS

The Bank of Nevis Limited
P.O. Box 450 Main Street
Charlestown
NEVIS