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The North American Income Trust (NAIT)

Business description

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.

Stock data

Market cap.£381m
Last close1,340.00p
High / Low (52 weeks)1375.0p / 1156.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

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.

Last updated on 11/10/2016

Key management

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

Company address

Bow Bells House
1 Bread Street
London
EC4M 9HH
United Kingdom
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