Discrete year performance (%)
Share price (total return)
NAV (total return)
30/06/2024 to 30/06/2025
13.86
9.52
30/06/2023 to 30/06/2024
14.52
12.17
30/06/2022 to 30/06/2023
-0.21
2.84
30/06/2021 to 30/06/2022
5.10
8.48
30/06/2020 to 30/06/2021
23.05
19.76
All performance, cumulative growth and annual growth data is sourced from Morningstar.
Source: at 31/08/25. © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns.
Important information
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
There is no guarantee that past trends will continue, or forecasts will be realised.
Janus Henderson Fund Managers UK Limited was appointed as the AIFM of the North American Income Trust with effect from 1 August 2024. Prior to that date, the North American Income Trust’s AIFM was abrdn Fund Managers Limited and all information contained in this document should be considered accordingly.
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View transcript
When picturing the investment landscape in North America, many think of Silicon Valley’s tech giants or the buzz of Wall Street. However, the celebrated Magnificent Seven are just seven names in the S&P 500, leaving 493 other companies full of potential. At the North American Income Trust, the focus is on those delivering both income and growth. The portfolio includes an outdoor advertiser in Baton Rouge, Louisiana, turning roadside moments into revenue; a casino operator in Wyomissing, Pennsylvania, where steady footfall means steady cash flow; and an electricity provider in Minneapolis, keeping the heartland’s lights on while generating dividends. It also features the creative magic of Burbank, where imagination fuels long-term growth. Dividends have grown faster in the US than almost anywhere else in recent years, driven by innovative companies that reward investors. The Trust seeks businesses already generating cash to fund dividends now or reinvesting so those dividends can grow in the future, recognising that big names don’t always mean big returns. The North American Income Trust explores the breadth of America to deliver income and growth wherever it’s found.