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 2.6 2.9 8.4 12.8 28.5 44.7
Share price 3.0 3.8 11.1 10.8 25.1 26.4
Russell 1000 Value Index 3.4 4.7 11.0 15.0 32.6 53.0
At month end
Net asset value - capital only: 222.20p Net asset value - cum income: 222.72p Share price: 203.00p Discount to cum income NAV: 8.9% Net yield1: 3.9% Total assets including current year revenue: £166.0m Net gearing: 0.5% Ordinary shares in issue2: 74,532,614 Ongoing charges3: 1.03%
1
Based on one quarterly dividend of 2.00p per share declared on
² Excluding 25,828,691 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 (%)
Financials 17.8
Health Care 17.5
Information Technology 14.8
Consumer Discretionary 9.5
Industrials 7.9
Energy 7.6
Communication Services 6.4
Consumer Staples 6.0
Utilities 5.5
Materials 5.4
Real Estate 2.1
Net Current Liabilities -0.5
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100.0
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Country Analysis Total Assets (%)
United States 87.4
United Kingdom 5.7
France 2.1
South Korea 2.1
Canada 1.1
Australia 1.1
Switzerland 1.0
Net Current Liabilities -0.5
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100.0
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Top 10 Holdings Country % Total Assets Citigroup United States 3.4 Shell United Kingdom 2.9 Comcast United States 2.7 Cardinal Health United States 2.7 Johnson Controls International United States 2.6 American International United States 2.5 CVS Health United States 2.5 Kraft Heinz United States 2.3 Willis Towers Watson United States 2.3 First Citizens BancShares United States 2.2
For the one-month period ended
The largest contributor to relative performance, stemmed from stock selection in materials, with selection decisions in containers and packaging boosting relative performance. Selection decisions in communication services also boosted relative performance, with stock selection in entertainment particularly beneficial to relative performance. Other modest contributors during the period at the sector level included selection decisions in industrials and in real estate.
The largest detractor from relative performance stemmed from stock selection in financials, most notably in capital markets. Selection decisions in health care also detracted from relative performance, with stock selection in health care providers and services dragging on relative performance. Other modest detractors at the sector level included selection decisions in consumer staples and consumer discretionary.
Transactions
During the month, the Company’s largest purchases included Discover Financial Services, Novo Nordisk and Teck Resources. The Company exited its position in
Positioning
As of the period end, the Company’s largest overweight positions relative to the reference index were in the information technology, communication services and health care 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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