BlackRock Sustainable American Income Trust Plc - Portfolio Update
All information is at
Performance at month end with net income reinvested
One Three Six One Three
Five Years
Month Months Months Year Years
Net asset value -1.5 0.0 3.9 14.4 23.0 44.5
Share price -1.6 1.7 9.6 13.0 17.3 26.6
Russell 1000 Value Index 0.4 3.6 6.7 16.8 29.2 57.3
At month end
Net asset value - capital only: 217.18p Net asset value - cum income: 217.39p Share price: 197.75p Discount to cum income NAV: 9.0% Net yield1: 4.0% Total assets including current year revenue: £161.4mNet Gearing : 1.2% Ordinary shares in issue2: 74,227,370 Ongoing charges3: 1.03%
1
Based on one quarterly dividend of 2.00p per share declared
² Excluding 26,133,935 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
Sector Analysis Total Assets (%)
Health Care 18.1
Financials 17.6
Information Technology 15.6
Consumer Discretionary 10.4
Energy 7.6
Communication Services 6.3
Consumer Staples 6.2
Industrials 6.2
Utilities 5.7
Materials 5.3
Real Estate 2.2
Net Current Liabilities -1.2
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100.0
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Country Analysis Total Assets (%)
United States 88.2
United Kingdom 4.5
France 2.2
South Korea 1.9
Ireland 1.2
Switzerland 1.1
Australia 1.1
Canada 1.0
Net Current Liabilities -1.2
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100.0
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Top 10 Holdings Country % Total Assets Citigroup United States 3.3 Cardinal Health United States 3.0 Comcast United States 2.6 American International United States 2.5 Kraft Heinz United States 2.4 CVS Health United States 2.4 Willis Towers Watson United States 2.3 Cheniere Energy United States 2.3 HP Inc United States 2.2 Sanofi France 2.2
For the one-month period ended
At the sector level, the largest contributor to relative performance stemmed from stock selection in consumer discretionary, with selection decisions in automobiles boosting relative performance. While there were no other sector level contributors, at the industry level relative performance was boosted by the underweight allocation to semiconductors and semiconductor equipment. Other modest contributors during the period at the industry level included selection decisions in household durables and in pharmaceuticals.
The largest detractor from relative performance stemmed from stock selection in financials, most notably in banks. Selection decisions in consumer staples also detracted from relative performance, with stock selection in distribution and retail dragging on relative performance. Other modest detractors at the sector level included selection decisions in communication services and real estate.
Transactions
During the month, the Company’s largest purchases included Icon PLC,
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 communication services sectors. The Company’s largest underweight positions relative to the reference index were in the industrials, real estate and financials sectors.
Source: BlackRock.
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.
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