Edison Investment Research - The North American Income Trust (NAIT) Initiation: Above-average yield from a concentrated portfolio

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Edison Investment Research

Initiation: Above-average yield from a concentrated portfolio

The North American Income Trust (NAIT) is a concentrated portfolio of primarily US large-cap stocks. Manager Fran Radano selects companies on the basis of their quality, value and income. The trust is benchmarked against the S&P 500 Index, but is also referenced against the Russell 1000 Value Index as it better reflects the investment mandate and income objective. Prior to May 2012, the trust was an index fund tracking the total return of the S&P 500 Index. NAIT has a progressive distribution policy (dividends have compounded at a 19.2% annual rate over the last three years) and since the change in objective has regularly added to revenue reserves.

26/04/2016 12 EN

Underlying

The North American Income Trust

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United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Initiation: Above-average yield from a concentrated portfolio

Well-positioned as rotation gathers pace

Well-positioned as rotation gathers pace

Purest access to US equity income

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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