Report
James Carthew

BlackRock American Income Trust – On the up

BlackRock American Income Trust (BRAI) has performed well both in absolute terms and compared to its benchmark since our last update in November 2025. Although the strategy is still new, early results are promising.

BRAI uses a value index as its benchmark, so it holds fewer of the large AI-focused US companies that dominate broader indices. This has helped recently, as investors are starting to question whether these companies can maintain their high levels of investment and whether this investment can deliver decent returns. As a result, interest is spreading to other areas of the market, which benefits BRAI. However, as shown on page 4, the recent improvement in the performance of value stocks compared to growth stocks is still quite small by historical standards, suggesting there may be further room for value to catch up.
Underlying
Blackrock North American Income Trust

BlackRock North American Income Trust is an investment trust and its key activity is portfolio investment. Co. invests in a diversified portfolio of mainly large-cap U.S. quoted equities. Co. may also hold other securities from time-to-time including, inter alia, convertible securities, fixed interest securities, preference shares, non-convertible preferred stock and depositary receipts. Co. may also invest in listed large-cap equities quoted on exchanges outside the U.S., and in securities denominated in U.S. dollars and non-U.S. dollar currencies. Co.'s investment manager is BlackRock Investment Management (UK) Limited. As of Oct 31 2017, Co.'s investment portfolio totaled £113.7 million.

Provider
QuotedData Retail
QuotedData Retail

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Analysts
James Carthew

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