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ii Super 60 - North American Income IT

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ii Super 60 investments:
North American Income IT

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Asset Group Asset Sub-Group Investment Category
Equities US equities Income

Selection rationale:
North American Income Trust has been managed by Fran Radano and Ralph Bassett, experienced investors in Aberdeen Standard Investments’ North American equities team operating from Philadelphia, since 2015.

The portfolio delivers a yield of 4.3% at present, paid in quarterly dividends. The managers target a progressive and above-average dividend, and long-term capital growth from investing predominantly in S&P 500 constituents.

In the main, the portfolio combines defensive shares such as consumer staples businesses with cash-generative growth companies. The managers keep an eye on the risk level of the portfolio by comparing the fund’s weightings with its benchmark index (Russell 1000 Value). The managers are also able to hold fixed income securities and use options to dampen volatility and add income for investors.

The equity portfolio typically has around 40 holdings. Two most favoured sectors are currently healthcare and financials. The trust holds only a modest amount of exposure to technology businesses.

Bassett and Radano take a team-based, research-intensive approach. They meet with all the companies they invest in so that they can understand their business models as well as trying to spot any weaknesses.

Please note: As a result of recent extreme economic conditions, many companies have temporarily stopped paying dividends or have significantly reduced the amount they are paying out. This means the income that is likely to be achieved by funds and trusts in the near future may be far less than the historic yield quoted in the portfolios.

September 2020

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Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.