The North American Income Trust
Company Notes
Encouraging performance amidst volatile market
The North American Income Trust* aims to deliver above-average dividend income and long-term capital growth through active management of a portfolio consisting predominantly of US equities. The fund invests mostly in S&P 500 equities, supplemented by an allocation of fixed income and option writing. Fran Radano and Ralph Bassett of abrdn have been the fund’s co-portfolio managers since June 2015. They have a quality, value and income bias and construct the portfolio on a high conviction basis, comprising approximately 40 equity holdings. Every holding generates income and the fund has grown its dividend each year since 2014. Since the managers’ appointment, the fund has returned +104% on a NAV total return basis, compared with +94% for the Russell 1000 Value Index benchmark and +164% for the North America peer group. The +20% NAV total return over the last twelve months has outperformed the +16% benchmark return as well as the +7% peer group return.
*Denotes a corporate broking client of Winterflood Securities
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