BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC
(LEI:549300WWOCXSC241W468)
All information is at 30 September
2024 and unaudited.
Performance
at month end with net income reinvested
|
|
One
Month
|
Three
Months
|
Six
Months
|
One
Year
|
Three
Years
|
Five
Years
|
|
Net
asset value
|
-2.5
|
-1.4
|
-3.3
|
10.9
|
19.5
|
38.7
|
|
Share
price
|
-1.9
|
-0.5
|
-0.4
|
10.4
|
14.7
|
26.3
|
|
Russell 1000
Value Index
|
-0.7
|
3.1
|
0.8
|
16.3
|
30.3
|
52.7
|
At month
end
|
Net
asset value - capital only:
|
211.52p
|
|
Net
asset value - cum income:
|
212.04p
|
|
Share
price:
|
194.00p
|
|
Discount to cum
income NAV:
|
8.5%
|
|
Net
yield1:
|
4.1%
|
|
Total
assets including current year revenue:
|
£156.4m
|
|
Net
gearing:
|
0.5%
|
|
Ordinary shares
in issue2:
|
73,755,707
|
|
Ongoing
charges3:
|
1.03%
|
1 Based on one
quarterly dividend of 2.00p per share declared on 2 November 2023 for the year ended 31 October 2023 and three quarterly dividends of
2.00p per share declared on 14 March
2024, 29 May 2024 and
1 August 2024 for the year ending
31 October 2024 and based on the
share price as at close of business on 30
September 2024.
²
Excluding 26,605,598 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 2023.
|
Sector
Analysis
|
Total
Assets (%)
|
|
Health
Care
|
18.2
|
|
Information
Technology
|
15.9
|
|
Financials
|
15.9
|
|
Consumer
Discretionary
|
10.7
|
|
Energy
|
7.0
|
|
Communication
Services
|
6.3
|
|
Consumer
Staples
|
6.2
|
|
Industrials
|
6.1
|
|
Materials
|
5.6
|
|
Utilities
|
5.5
|
|
Real
Estate
|
2.3
|
|
Net
Current Assets
|
0.3
|
|
|
-----
|
|
|
100.0
|
|
|
=====
|
|
Country
Analysis
|
Total
Assets (%)
|
|
United
States
|
87.6
|
|
United
Kingdom
|
4.5
|
|
France
|
2.3
|
|
South
Korea
|
1.6
|
|
Ireland
|
1.5
|
|
Canada
|
1.1
|
|
Australia
|
1.1
|
|
Net
Current Assets
|
0.3
|
|
|
-----
|
|
|
100.0
|
|
|
=====
|
|
|
|
#
|
Top 10 Holdings
|
Country
|
% Total Assets
|
|
Citigroup
|
United
States
|
3.3
|
|
Cardinal
Health
|
United
States
|
2.9
|
|
CVS
Health
|
United
States
|
2.7
|
|
Comcast
|
United
States
|
2.7
|
|
Baxter
International
|
United
States
|
2.4
|
|
Willis Towers
Watson
|
United
States
|
2.3
|
|
American
International
|
United
States
|
2.3
|
|
Kraft
Heinz
|
United
States
|
2.3
|
|
Sanofi
|
France
|
2.3
|
|
Johnson Controls
International
|
United
States
|
2.3
|
|
|
|
|
|
|
Tony DeSpirito, David Zhao
and Lisa Yang, representing the
Investment Manager, noted:
For
the one-month period ended 30 September
2024, the Company’s NAV decreased by 2.5% and the share
price by 1.9% (all in sterling). The Company’s reference index, the
Russell 1000 Value Index, returned -0.7% for the period.
At
the sector level, the largest contributor to relative performance
stemmed from stock selection in materials, with selection decisions
in containers and packaging boosting relative performance. Relative
performance was also boosted by the underweight allocation to
financials, specifically in financial services. Other modest
contributors during the period at the sector level included
selection decisions in real estate and industrials.
The
largest detractor from relative performance stemmed from stock
selection in health care, most notably in life sciences tools and
services. Selection
decisions in consumer discretionary also detracted from relative
performance, with stock selection in automobiles dragging on
relative performance. Other modest detractors at the sector level
included selection decisions in information technology and consumer
staples.
Transactions
During the month,
the Company’s largest purchases included Amazon and Nasdaq. The
Company exited its positions in Citizens Financial Group and UBS
Group.
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, financials and real estate sectors.
Source:
BlackRock.
17 October 2024
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.