Philosophy of the Fund
The Fund's original focus to invest in the markets of the country members of the North American Free Trade Agreement, namely Canada, the United States and Mexico, is now expanded to permit investments in other financial markets of the Western Hemisphere. The Fund keeps the investments collected from its shareholders at work in the region, helping sovereign and corporate entities by providing financial support of their debt issues. For that reason, the Fund shuns a prime investment credit rating in favor of helping those countries that are far down the rating ladder by investing in their development. The Fund is registered with the government regulator in Panama and has a prime rating of AAA in the local market of Panama.
North American Income Fund plc (the Company) is an open ended umbrella investment company with variable capital incorporated on 26 March 1992.
The Company is incorporated in the Republic of Ireland and is authorized by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011). The company number is 186436.
The Deutsche Americas Bond Fund represents the first portfolio of the Company.
Description of Fund
Deutsche Americas Bond Fund (the Fund) is incorporated in the Republic of Ireland with an initial application for shares amounting to USD 5,000 or its currency equivalent. The Fund is administered by Northern Trust International Fund Administration Services (Ireland) Limited. Deutsche Asset Management Investment GmbH (Deutsche AM) serves as Fund’s Investment Manager. Deutsche Asset Management is an indirect subsidiary of Deutsche Bank AG.
The investments of the Portfolio will focus on fixed and floating rate fixed income securities including but not limited to bonds, notes, treasury bills, certificates of deposit and commercial paper and related securities issued by sovereign issuers, their agents and instrumentalities, supranational issuers, quasi-governmental issuers, corporate issuers, and any other issuers deemed fit for investment by the Investment Manager, the Directors, or a committee thereof, of the countries comprising the geographical region known as the Americas, composed of North America, South America and the Caribbean.
These countries include, but are not limited to: the United States, Canada, Mexico, Argentina, Brazil, Chile, Colombia, Venezuela, Ecuador, Peru, Bolivia, Uruguay, Paraguay, and Panama.
The Portfolio will invest in fixed income securities of varying maturities which may be investment grade or below investment grade or which may not be rated. Rated securities will typically have a rating of B- or better (Fitch or S&P) or B3 or better (Moody's) at the time of acquisition by the Portfolio. Any investment in unrated securities will be confined to securities which, in the opinion of the Investment Manager, are of comparable quality to investment grade securities at the time of acquisition by the Portfolio.
The Deutsche Americas Bond Fund is suitable for investors who are prepared to accept, in normal market conditions, a medium to high degree of volatility of Net Asset Value from time to time and is suitable as an investment in a well-diversified portfolio.
The Fund is denominated in US dollars.
The Fund has a daily Dealing Day. Net Asset Value per Share is available on this site and in Bloomberg.com and Reuters.