NAIT

The North American Income Trust plc

Overview

The North American Income Trust aims to invest in US companies that are either producing income today or growing for income tomorrow. Recognised for its capital growth, the North American market also generates over a third of the world’s dividends. The trust’s experienced managers seek out companies that are turning the region’s innovative ethos into real returns for investors.

Investment Objective: The Company seeks above average dividend income and long-term capital growth, by investing in a portfolio of predominantly S&P 500 US companies.

Objective Income & Growth

Total Assets £498.71M

As of 31/10/2024

Share price 337.00p

As of 21/11/2024

Estimated NAV 380.84p

As of 21/11/2024

Discount / Premium -11.51%

As of 21/11/2024

Yield 3.50%

As of 20/11/2024

Change of Manager

Janus Henderson was appointed the AIFM and investment manager of the North American Income Trust with effect from 1 August 2024. Prior to that date, the AIFM of NAIT was abrdn Fund Managers Limited. To keep informed about the trust subscribe to receive email updates:

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Dividend payers and growers

Find out how the managers look for companies paying income today and growing for income tomorrow.

Concentrating on quality

Read how the managers focus on uncovering the right opportunities in a deep and diverse market.

Expert market coverage

Discover how the team combines deep knowledge, intensive research and hundreds of company meetings.

Marketing Communication. Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested. Past performance can be viewed here.

The world's biggest market

The managers mostly select a group of companies from the S&P 500 stock index, aiming to harness the power of the world’s biggest stock market by value.

Learn more on our Portfolio page

Dividends for today and tomorrow

The trust aims to grow annual dividends and has increased its dividends for 14 consecutive years since 2011.

Learn more on our Dividends page

Meet the manager

The trust’s manager, Jeremiah Buckley, discusses his approach to managing the portfolio, as well as the team’s capabilities.

Watch the video

Latest Annual Report

Latest Factsheet

The value of the trusts and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
Past performance does not predict future returns.
Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise.
This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.
Using derivatives exposes the Company to risks different from - and potentially greater than - the risks associated with investing directly in securities. It may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.

Janus Henderson Fund Managers UK Limited was appointed as the AIFM of the North American Income Trust with effect from 1 August 2024. Prior to that date, the North American Income Trust’s AIFM was abrdn Fund Managers Limited and all information contained in this document should be considered accordingly.
The Company confirms that it currently conducts its affairs so that its ordinary shares of 5p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future
The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
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Overview

Statistics

Change of Manager

Dividend payers and growers

Concentrating on quality

Expert market coverage

The world's biggest market

Dividends for today and tomorrow

Meet the manager

Latest Annual Report

Latest Factsheet

Insights

A unique view of the US: Janus Henderson Investors

The North American Income Trust – Half-Year Results 2024

Quick View: History is written by the victors – in this case, the Fed