Risk Warning
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 WarningPast Performance
Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.
Daily Data
At close 18-Jun-2013
Ord| Price | 850.00p |
| NAV | 845.59p |
| Prem/-Disc | 0.52% |
| Net Dividend Yield | 2.29% |
Source: Morningstar, NAV = Net Asset Value, excluding income.
The North American Income Trust plc
Objective
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.
The North American Income Trust plc Annual Report for the Year Ended 31 January 2013
Paul Atkinson, Head of North American Equities
In this webcast, Paul Atkinson gives an update on a wide range of subjects including performance, a sector breakdown of the equity portfolio, the top 20 equity investments, the bond portfolio and an outlook for the trust.
Results of General Meeting
Edinburgh US Tracker Trust plc (the "Company") is pleased to announce that at the General Meeting of the Company held on 29 May 2012, the Resolution to change the Company's investment policy, as set out in the circular to shareholders dated 27 April 2012, was approved by shareholders. The new investment policy came into effect following the conclusion of the General Meeting.
The investment objective has been changed to provide investors with above average dividend income and long-term capital growth through investing predominately in S&P 500 constituents.
Following approval for the change to its investment policy, the Company changed its name to The North American Income Trust plc.
Manager's Monthly Report
May 2013
Fund Managers' Report
Major North American equity market indices posted mixed results in April amid fluctuating economic data and earnings news. The U.S. broader-market S&P 500 Index moved higher for the month. The Barclays Capital U.S. Aggregate Bond Index, the US investment-grade fixed income market benchmark, moved higher as yields fell across the U.S. Treasury curve.
US GDP grew 2.5% in the first quarter of 2013 due mainly to increases in consumer spending and private inventory investment. The US unemployment rate dipped 0.1% to 7.5% in April, with a net addition of 165,000 jobs.
In Fund-related news, supplemental health benefits provider Aflac reported healthy year-over-year earnings growth for the first quarter as margin improvement overcame several headwinds during the period, including a decline in the yen–as the company derives the largest part of their business in Japan–and a slowdown in sales in the US. Food and beverage company PepsiCo registered gains in revenue and earnings per share for the first quarter compared to the same period in 2012, benefiting largely from higher volumes in both snacks and beverages, most notably in Latin America.
During the month, we exited our position in consumer products maker Kimberly-Clark.
Literature
- Interim Update; figures as at 8 June 2012 following portfolio re-alignment
- Monthly Factsheet figures to 30 April 2012 under previous investment policy
- Annual Report & Accounts
- Half-Yearly Report & Accounts
- Notice of Annual General Meeting
- EGM Circular 29 May 12
Trust Details
The North American Income Trust plc
Registered Office:
7th Floor
40 Princes Street,
Edinburgh,
EH2 2BY
Registered in Scotland as an Investment Company Number 005218