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 -2.5 -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 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
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
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100.0
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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
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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 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
For the one-month period ended
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.
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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