BlackRock Sustainable American Income Trust Plc Portfolio Update
15 February 2023 - 11:34PM
UK Regulatory
TIDMBRSA
The information contained in this release was correct as at 31 January 2023.
Information on the Company's up to date net asset values can be found on the
London Stock Exchange website at:
https://www.londonstockexchange.com/exchange/news/market-news/
market-news-home.html.
BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC (LEI:549300WWOCXSC241W468)
All information is at 31 January 2023 and unaudited.
Performance at month end with net income reinvested
One Three Six One Three Five
Month Months Months Year Years Years
Net asset value 4.3% 2.5% 2.8% 6.7% 34.8% 56.5%
Share price 3.6% 2.8% 0.0% 5.8% 21.8% 52.7%
Russell 1000 Value Index 2.8% 0.3% 3.5% 8.5% 36.9% 61.5%
At month end
Net asset value - capital only: 215.72p
Net asset value - cum income: 216.46p
Share price: 201.00p
Discount to cum income NAV: 7.1%
Net yield1: 4.0%
Total assets including current year revenue: £173.7m
Gearing: 2.2%
Ordinary shares in issue2: 80,229,044
Ongoing charges3: 1.0%
1 Based on four quarterly dividends of 2.00p per share declared on 22 March
2022, 11 May 2022, 4 August 2022 and 2 November 2022 for the year ended 31
October 2022 and based on the share price as at close of business on 31 January
2023.
² Excluding 20,132,261 ordinary shares held in treasury.
³ The Company's ongoing charges calculated as a percentage of average daily net
assets and using the management fee and all other operating expenses excluding
finance costs, direct transaction costs, custody transaction charges, VAT
recovered, taxation and certain non-recurring items for the year ended 31
October 2022.
Sector Analysis Total Assets
(%)
Financials 22.5
Health Care 19.1
Information Technology 14.2
Consumer Discretionary 9.6
Energy 7.9
Industrials 6.2
Consumer Staples 6.0
Communication Services 5.2
Materials 4.3
Utilities 4.0
Real Estate 1.4
Net Current Liabilities -0.4
-----
100.0
=====
Country Analysis Total Assets
(%)
United States 81.7
United Kingdom 8.0
Japan 3.7
France 2.8
Australia 2.0
Canada 1.2
Denmark 1.0
Net Current Liabilities -0.4
-----
100.0
=====
Top 10 Holdings Country % Total
Assets
Verizon Communications United States 3.1
Willis Towers Watson United States 3.0
Laboratory Corporation of America United States 2.9
Sanofi France 2.9
Cognizant Technology Solutions United States 2.7
Wells Fargo United States 2.6
Citigroup United States 2.6
American International United States 2.6
Cisco Systems United States 2.5
Cigna United States 2.5
Tony DeSpirito, David Zhao and Lisa Yang, representing the Investment Manager,
noted:
For the one-month period ended 31 January 2023, the Company's NAV increased by
4.3% and the share price by 3.6% (all in sterling). The Company's reference
index, the Russell 1000 Value Index, returned 2.8% for the period.
The largest contributor to relative performance was due to investment decisions
within the information technology sector; most notably selection decisions in
the technology hardware, storage and peripherals industry proved to be
beneficial to relative performance. Our overweight allocation and positive
stock selection in the consumer discretionary sector also boosted relative
results, mainly due to our allocation decisions in household durables. Another
notable contributor during the period included our stock selection in
financials.
The largest detractor from relative performance was due to investment decisions
in the communication services sector, as the decision to not invest in
interactive media proved costly. Our allocation decision to be underweight real
estate also weighed on relative performance, specifically the decision to not
invest in REITs. Another modest detractor for the period included selection
decisions in the materials sector.
Transactions
During the month the Company initiated a number of trades, the largest buys
being in Mondelez International and Gildan Activewear. The two sales during the
period included Pepsico and Humana.
Positioning
As of the period end, the Company's largest overweight positions relative to
the reference index were in the information technology, consumer discretionary
and health care sectors. The Company's largest underweight positions relative
to the reference index were in the industrials, real estate and consumer
staples sectors.
Source: BlackRock.
15 February 2023
Latest information is available by typing blackrock.com/uk/brsa on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV
terminal). Neither the contents of the Manager's website nor the contents of
any website accessible from hyperlinks on the Manager's website (or any other
website) is incorporated into, or forms part of, this announcement.
END
(END) Dow Jones Newswires
February 15, 2023 07:34 ET (12:34 GMT)
Blackrock North American... (LSE:BRNA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Blackrock North American... (LSE:BRNA)
Historical Stock Chart
From Jul 2023 to Jul 2024