The North American Income Trust

LN: NAIT

Market Cap£383.1m

Last Close 1347.5p

The North American Income Trust’s objective is to provide investors with above-average dividend income and long-term capital growth through active management of a portfolio consisting predominantly of equities in the benchmark S&P 500 Index. The board also benchmarks the trust against the Russell 1000 Value Index. The investment objective was changed on 29 May 2012 from being an index fund tracking the capital and income of the S&P 500 Index.

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Investment summary

The North American Income Trust (NAIT) adopted an active strategy in 2012, aiming to generate above-average income and long-term capital growth primarily from investment in US and selected Canadian equities. NAIT’s performance has been particularly strong over the last 12 months in absolute terms and relative to its S&P 500 index benchmark and its NAV total return is ahead of the peer group average over one, three, five and 10 years. NAIT has a progressive dividend policy – annual dividends have compounded by 19.2% pa over the last three years and during this time there have been regular additions to revenue reserves.

Content on The North American Income Trust

The North American Income Trust – Above-average yield from a concentrated portfolio

Investment companies | Initiation | 26 April 2016

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Price performance

%

1m

3m

12m

Actual	3.3	2.5	(0.6)
Relative*	(1.2)	3.5	9.9
52-week high/low		1455.0p/1160.0p

*% relative to local index

Key management
Colin Edge	Manager - Investment Trust Investor Relations
Fran Radano	Fund manager
Gary Jones	Client Director
Piers Currie	Group Head of Marketing

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