BGF North American Eq Inc Hed D5GRF GBP


Buy/Sell Price  (as of 06/12/2016) £8.84   Day Change :  -0.34%     Fund Code:  BGNAD 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Tony DeSpirito is co-manager of the BlackRock North American Income Trust plc. He is a member of the Fundamental Equity division of BlackRocks Alpha Strategies Group and co-portfolio manager for the US based Equity Dividend Fund and related strategies. 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 firms 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. "

Biography

Investment HouseBlackRock
Fund ProviderBlackRock (Luxembourg) SA
ManagerTony DeSpirito   Biography
ManagerRobert M. Shearer  

Fund Objective The North American Equity Income Fund seeksan above average income from its equityinvestments without sacrificing long termcapital growth. The Fund invests at least 70% ofits total assets in the equity securities ofcompanies domiciled in, or exercising thepredominant part of their economic activity in,the US and Canada. The Fund distributesincome gross of expenses. Risk managementmeasure used: Relative VaR using S&P 500Index as the appropriate benchmark.

Key Statistics

Fund Status
Fund TypeOFFSHORE
ISINLU0842062969
12-Month NAV High £8.87
12-Month NAV Low £7.08
Fund Comparative Index -
Morningstar CategoryTMUS Equity - Currency Hedged
Dividend FrequencyQuarterly
Historic Yield -

Annual Charges

Morningstar ratings

OverallN/A
3 YearsN/A
5 YearsN/A
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  06/12/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
--6.130.0423.91
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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