BlackRock North American Income Trust plc

Name
BlackRock North American Income Trust plc
Manager
BlackRock
Type
Closed Ended Investment Company
ISIN
GB00B7W0XJ61
Sector
North America
Launched
24/10/2012
OCF
1.09 %
Risk Rating
1
3 Year Sharpe
0.31
3 Year Alpha
-5.07
Yield
4.7 %
Benchmark
Russell 1000 Value TR GBP
Fund Size
£ 111.25 million
NAV
156
Gearing
90
Discount Premium
-8
The Company will invest predominantly in a diversified portfolio of equity securities quoted in the U.S. with a focus on companies that pay and grow their dividends. The Company may invest through an active options overlay strategy utilizing predominantly covered call options and may also hold other securities from time-to-time including, convertible securities, fixed interest securities, preference shares, non-convertible preferred stock, and depositary receipts. The Company may also invest in listed large-cap equities quoted on exchanges outside the U.S. and may invest in securities denominated in USD and non USD currencies. The Manager will adopt a stock specific approach in managing the portfolio of Company, selecting investments that it believes will both increase in value over the long-term and provide income. Typically, it is expected that the investment portfolio will comprise of between 80 and 120 securities.
Holding %
JPMorgan Chase & Co 4.37 %
Verizon Communications Inc 4.28 %
Wells Fargo & Co 3.74 %
Citigroup Inc 3.72 %
Bank of America Corp 3.17 %
Medtronic PLC 2.65 %
Williams Companies Inc 2.60 %
Anthem Inc 2.31 %
Royal Philips NV 2.28 %
American International Group Inc 2.15 %
Region %
United States 78.48 %
Eurozone 8.31 %
United Kingdom 6.30 %
Sector %
Financial Services 27.52 %
Healthcare 19.19 %
Technology 10.67 %
Energy 10.34 %
Consumer Defensive 9.82 %
Industrials 8.41 %
Communication Services 7.60 %
Name
BlackRock
Address
02940-8019, Providence, United States
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Franco Tapia
Joined 09/01/2017

Franco F. Tapia is a Managing Director of BlackRock, Inc. since 2016. Prior to that, Mr. Tapia is a Senior Equity Research Analyst and Portfolio Manager at Pzena Investment Management from 2006 to 2016. He earned a B.A. in Economics with honors from Harvard University, and an M.B.A. from the Wharton School of the University of Pennsylvania where he was named a Palmer Scholar. Mr. Tapia holds the Chartered Financial Analyst designation.

David Zhao
Joined 09/01/2017

Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund

Tony DeSpirito
Joined 08/05/2014

Mr. DeSpirito has been a Managing Director of BlackRock, Inc. since 2014. Prior to joining BlackRock in August 2014, for the last 18 years Tony had been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. DeSpirito was an Associate in the Corporate Department at the Boston based law firm of Ropes & Gray LLP. At Ropes & Gray, he advised clients in the direct television, financial services, fitness, packaging films, retail, software, and wire and cable industries. Mr. DeSpirito earned a B.S. summa cum laude from the Wharton School of the University of Pennsylvania in 1990 and a J.D. magna cum laude from Harvard Law School in 1993. "

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