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The Company currently conducts its affairs so that securities issued by The North American Income Trust plc can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.
The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.Read the detailed Risk Warning
Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.
At close 06-Mar-2014Ord
|Net Dividend Yield||2.71%|
Source: Morningstar, NAV = Net Asset Value, excluding income.
To provide investors with above average dividend income and long term capital growth through active management of a portfolio consisting predominantly of S&P 500 US equities. Dividends - paid semi-annually in first year; quarterly thereafter.
In this webcast, Paul Atkinson gives an update on a wide range of subjects including performance, sector breakdown and the twenty largest investments.
In January the North American equity and US fixed income markets reversed direction from their respective trajectories in January, registering contrasting performances for the third consecutive month. The S&P 500 Index, the broader US equity market benchmark, declined 3.5% (in US dollar terms) amid growing concerns about weakness in some emerging market currencies, triggered by Federal Reserve (Fed) monetary policy and signs of a manufacturing slowdown in China. Conversely, these developments led to a rally in the US fixed income sector, with the broader-market Barclays Capital US Aggregate Bond Index gaining 1.5% for the month.
US GDP grew 3.2% in the fourth quarter of 2013, led by increases in consumer spending and exports. Additionally, the Fed announced a further reduction of its mortgaged-backed asset purchases to US$65 billion per month, citing continued labour market improvement despite recent slowing in jobs data. The Fed also pointed to economic expansion despite slower government spending.
During the month, we increased our holdings in software company Microsoft and decreased our position in technology-related REIT Digital Realty Trust.
There were no changes to the portfolio’s 17 bond holdings, which continue to help diversify the Trust’s roughly 40 equity positions, as well as providing some attractive yield pick-up.
40 Princes Street,
Registered in Scotland as an Investment Company Number 005218