BlackRock Throgmorton Trust Plc - Portfolio Update
The information contained in this release was correct as at
https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html .
All information is at
Performance at month end is calculated on a cum income basis
One Three One Three Five Month months year years years % % % % % Net asset value -1.6 7.1 1.0 -12.2 31.0 Share price -4.2 1.6 -6.4 -20.3 28.1 Benchmark* -2.2 4.5 -5.8 -11.6 11.9
Sources: BlackRock and Deutsche Numis
*With effect from
At month end Net asset value capital only: 630.15p Net asset value incl. income: 632.03p Share price 577.00p Discount to cum income NAV 8.7% Net yield1: 2.6% Total Gross assets2: £597.5m Net market exposure as a % of net asset value3: 114.7% Ordinary shares in issue4: 94,534,864 2023 ongoing charges (excluding performance fees)5,6: 0.54% 2023 ongoing charges ratio (including performance 0.87% fees)5,6,7:
1. Calculated using the Interim Dividend declared on
2. Includes current year revenue and excludes gross exposure through contracts for difference.
3. Long exposure less short exposure as a percentage of net asset value.
4. Excluding 8,675,000 shares held in treasury.
5. The Company’s ongoing charges are calculated as a percentage of average daily net assets and using the management fee and all other operating expenses, excluding performance fees, finance costs, direct transaction charges, VAT recovered, taxation and certain other non-recurring items for the year ended
6. With effect from
7. Effective
Sector Weightings % of Total Assets Industrials 35.4 Consumer Discretionary 24.0 Financials 16.9 Technology 7.7 Basic Materials 6.1 Telecommunications 3.8 Health Care 2.3 Consumer Staples 2.0 Communication Services 1.3 Energy 1.2 Real Estate 0.9 Net Current Liabilities -1.6 ----- Total 100.0 ===== Country Weightings % of Total AssetsUnited Kingdom 94.0United States 4.1France 0.9Australia 0.8Ireland 0.5Sweden -0.3 ----- Total 100.0 =====
Market Exposure (Quarterly) 31.05.23 31.08.23 30.11.23 29.02.24 % % % % Long 111.7 112.7 111.3 117.9 Short 3.6 4.5 3.8 3.2 Gross exposure 115.3 117.2 115.1 121.1 Net exposure 108.1 108.2 107.5 114.7
Ten Largest Investments Company % of Total Gross Assets 4imprint Group 3.2 Gamma Communications 3.1 Breedon 3.1 Oxford Instruments 2.9 Grafton Group 2.9 WH Smith 2.8 YouGov 2.5 Rotork 2.4 Computacenter 2.3FTSE 250 2.3
Commenting on the markets,
The Company returned -1.6% in February, outperforming its benchmark, the Deutsche Numis Smaller Companies plus AIM (excluding Investment Companies) Index, which returned -2.2. 1
Markets continued where they left off in January, with global markets led by the Nasdaq and large cap shares. Mid-cap markets broadly underperformed, still bumping along the bottom of a protracted drawdown. Specifically, within the
The largest positive contributor during the month was
a short in an animal genetics company
which issued a large profit warning, highlighting falling volumes in
Two of the largest three detractors during the month were from short positions. The largest was
a short in a
February was a positive month from a relative perspective, as we continue to try and navigate this “holding pattern” that
We thank shareholders for your ongoing support.
1
Source: BlackRock as at
ENDS
Latest information is available by typing www.blackrock.com/uk/thrg 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.