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BLACKROCK NORTH AMERICAN INCOME TRUST PLCAll information is at 30 November 2013 and unaudited.文件倉Performance at month end with net income reinvestedOne Three Six Since Month months months launch(24Oct2012)Net asset value 0.7% 2.8% 0.0% 17.9%Share price 2.4% 2.5% 0.3% 19.4%Russell 1000 Value Index 0.8% 3.9% 2.3% 28.4%Source: BlackRockAt month endNet asset value - capital only: 111.31pNet asset value - cum income: 111.79pShare price: 115.25pPremium to cum income NAV: 3.1%Net yield*: 3.5%Total assets including current year revenue: £111.4mTarget yield**: 4.00%Gearing: 0.4%Options overwrite: 17.47%Ordinary shares in issue: 99,611,305During the month, the company has issued 250,000 shares for proceeds of £0.3m*based on dividends of 1p per share each declared on 14 February 2013, 14 May2013, 6 August 2013 and 3 October 2013** based on issue price of 100pSector Analysis Total Assets (%)Financials 21.9Industrials 14.5Energy 13.7Consumer Staples 11.5Consumer Discretionary 9.4Health Care 9.2Materials 6.9Utilities 5.7Information Technology 5.3Telecommunication Services 3.4Net current liabilities -1.5 ----- 100.0 =====Country Analysis Total Assets (%)USA 93.4Canada 2.6Australia 1.6France 1.5United Kingdom 1.3Netherlands 0.9Peru 0.2Net current liabilities -1.5 ----- 100.0 =====Ten Largest Investments(in alphabetical order)Company Country of RiskChevron USAComcast USAExxon存倉Mobil USAGeneral Electric USAHome Depot USAJPMorgan Chase USAMerck USAPfizer USAPrudential Financial USAWells Fargo USABob Shearer and Kathleen Anderson, representing the Investment Manager, noted:PerformanceFor the month ended 30 November 2013, the Company posted a 0.7% increase in itsNAV while the share price increased by 2.4% (all in sterling). The Company'sbenchmark, the Russell 1000 Value Index, returned 0.8% for the period.On a relative basis, the largest contributor to the Company's performance wasstock selection in the financials sector. Top performers included PrudentialFinancial, Inc. and JPMorgan Chase & Co. Stock selection in the consumerdiscretionary and industrials sectors also added to relative returns, as didstock selection in utilities and telecommunication services.The largest detractor from relative performance was stock selection in theconsumer staples sector, particularly in the tobacco industry. A combination ofstock selection and an underweight to the health care sector also hurt relativereturns, as did our overweight to the materials sector. Lastly, an underweightto financials modestly detracted from relative returns.Transactions/OptionsTransactions: During the month, we increased our weighting to General ElectricCompany and reduced our weighting to Unilever NV. This was the only notabletransaction in the period.As at 30 November 2013, the Company's options exposure was 17.47% and the deltaof the options was 91.15%.PositioningThe Company is currently overweight to the consumer staples, industrials,materials, consumer discretionary and telecommunication services sectors. Weare underweight to the financials, health care, information technology energyand utilities sectors.20 December 2013ENDSLatest information is available by typing .blackrock.co.uk/brna on theinternet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICVterminal). Neither the contents of the Manager's website nor the contents ofany website accessible from hyperlinks on the Manager's website (or any otherwebsite) is incorporated into, or forms part of, this announcement.XLON儲存