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The Philosophy of The Fund

The North American Income Fund was launched on 22 April 1992 and was intended to be the first fixed income fund of its kind to invest in the country members of the North American Free Trade Agreement, namely Canada, the United States and Mexico. In fact, the Agreement that formed the world's largest free trade area followed the creation of Fund, being implemented by the constituent countries on 1 January 1994. The Fund’s main sponsors are Deutsche Bank and the Central American Bank for Economic Integration (CABEI)

At first the Fund's portfolio manager had a limited focus to invest the Fund's assets in these three markets, but over time its Offering Circular has changed to permit investments in other financial markets of the Western Hemisphere. This has become particularly appropriate with the continued discussion among the various governments to create a Free Trade Area of the Americas stretching from the northern reaches of Canada to southern-most Chile. This 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 has a prime rating of AAA in the local market of Panama

The Fund is registered in the Republic of Ireland, and is a retail fund for non-US non-Irish investors with an initial application for shares amounting to USD 5,000. It is registered as a UCITS-4 fund (Undertakings for Collective Investment in Transferable Securities). The UCITS-4 designation prompts the Directors to apply the strict restrictions on investment and borrowing which apply to UCITS funds to the Portfolio. The goal of the Fund was to provide a vehicle by which the small investor could participate in the economic and financial growth in North America, and in particular Mexico. As the Fund expanded its focus to other parts of the Western Hemisphere so did the total return for the investor? The Fund has returned an annual average of 6.5% in its twenty-two year history.

Deutsche Americas Bond Fund
Net Asset Value per Share (Northern Trust Securities Service Ireland Ltd.)
Prices as of July 25, 2014

NAV RETURN
NAV PREV NAV CHG SHARES NET ASSETS YTD INCEPTION
USD 66.93 USD 66.97 USD -0.04 1,314,965.206 USD 88,012,597.71 4.61% 234.65%



Profile

Fund Company: North American Income Fund PLC

Fund: Deutsche Americas Bond Fund

Investment Advisor: Deutsche Asset Management Investment GmbH

Administrator: Northern Trust International Fund Administration Services Ireland Limited.

Custodian: Northern Trust Fiduciary Services (Ireland) Limited.

Fund type: Offshore open-end Mutual Fund / Retail Fund

Domicile: Republic of Ireland

Registered: Central Bank of Ireland

Launch date: April 22, 1992

Minimum initial investment: USD 5,000.00

Accounting Year End: December 31st


Fees and Expense Ratio

Investment Management Fee

  • Investment Advisor: 70.0 basis points
  • Administrator/Custodian: 15.0 basis points

Expense Ratio

  • December 31, 2014: 1.46%

  • The ADDI per unit as of December 31, 2010: USD 48.2362 (no updates since then)


Fund Identifiers
ISIN: IE0046475004
Bloomberg: CABCAMI ID
SEDOL: 4647500
Lipper: 60001678
CINS: G6607D108
WKN: 973253


Daily Fund Pricing (Northern Trust Securities Services Ireland Ltd.)

Bloomberg
Thomson-Reuters
REMOVED AS PER LUCY June 17



Eligible investors

The Fund is not available to citizens of the United States of America or the Republic of Ireland. It is available only to investors who are permitted or qualified under the jurisdictions to which he/she is subject.

The Fund’s Company has instructed the Administrator that it abide by the rules of the Financial Action Task Force, an inter-governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing. As such, the Company requires that all investors be compliant with these rules at time of initial application for shares, and that he/she provide the Administrator with all necessary documents outlined in the account-opening packet.



Disclaimer

Past performance is no guarantee of future results. Market volatility can significantly impact short-term performance. Investment return and principal value will fluctuate so that an investor’s shares may be worth more or less than their original cost when redeemed. Total return figures do not reflect the impact of any applicable sales charges.


Risks:
Foreign investing involves certain risks, including currency fluctuations and controls, restrictions on foreign investments, less governmental supervision and regulation, less liquidity and the potential for market volatility and political uncertainty.

Investors should review the Offering Circular of the Fund as well as the Audited Financial Statement dated 31 December 2013 and the Un-audited Interim Financial Statement dated 30 June 2013 before investing. These items are available on this web site.


NOT FDIC INSURED/NO BANK GUARANTEE/MAY LOSE VALUE

Copyright 2012 © All rights reserved.
Company number: 186436
North American Income Fund PLC
Deutsche Americas Bond Fund

25 / 28 North Wall Quay
Dublin 1, Republic of Ireland
Tel.: 353-1-649-2000
Fax: 353-1-649-2649


For info e-Mail us at: info@nai-fund.com
Directors of the Company
Walter Dostmann (Chairman); Jaime Chavez Almendares; Michael Greene; Markus Kohlenbach; Nick Rischbieth Glöe;
Alejandro Rodriguez Zamora; Tom Geary; Paul Schubert