BlackRock 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 -4.2 -0.5 2.4 -1.0 10.0 75.6
Share price -4.8 -0.5 3.1 2.7 6.0 74.3
Russell 1000 Value Index -5.2 -0.9 4.0 4.9 23.7 103.1
Russell 1000 Value Index (Net 15% WHT -5.2 -1.0 3.9 4.6 22.5 99.7
Total Return)*
At month end
Net asset value - capital only: 214.35p Net asset value - cum income: 215.32p Share price: 198.00p Discount to cum income NAV: 8.0% Net yield1: 4.0% Total assets including current year revenue: £146.1m Net gearing: 0.1% Ordinary shares in issue2: 67,847,014 Ongoing charges3: 1.06%
1
Based on three quarterly dividends of 2.00p per share declared on
² Excluding 27,514,291 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 18.0 Information Technology 15.6 Financials 15.1 Consumer Discretionary 11.7Communication Services 10.5 Industrials 6.7 Materials 6.2 Energy 6.2 Utilities 4.7 Consumer Staples 3.0 Real Estate 2.3 Net Current Liabilities – ----- 100.0 ===== Country Analysis Total Assets (%)United States 88.4United Kingdom 4.8France 2.7South Korea 1.7Canada 0.9Ireland 0.9Netherlands 0.6 Net Current Liabilities – ----- 100.0 =====
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Top 10 Holdings Country % Total Assets Electronic Arts United States 4.0 Cardinal Health United States 3.4 Citigroup United States 3.3 CVS Health United States 3.3 Comcast United States 2.9 Wells Fargo United States 2.8 Sanofi France 2.7 Willis Towers Watson United States2.6 Dollar Tree United States 2.3 Crown Castle 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 communication services, with investment decisions in entertainment boosting relative performance. Relative performance was also boosted by security selection in real estate, specifically selection decisions in specialized REITs. Another modest contributor during the period at the sector level included selection decisions in information technology.
The largest detractor from relative performance stemmed from stock selection in materials, most notably investment decisions in metals and mining. Selection decisions in energy also detracted from relative performance, with investment decisions in oil, gas and consumable fuels dragging on relative performance. Another modest detractor at the sector level included security selection in health care.
Transactions
During the month, the Company’s made no new purchases. The Company exited its position in Westinghouse Air Brake Technologies and Sandisk.
Positioning
As of the period end, the Company’s largest overweight positions relative to the reference index were in the communication services, information technology and consumer discretionary sectors. The Company’s largest underweight positions relative to the reference index were in the industrials, financials and consumer staples sectors.
Source: BlackRock.
Latest information is available by typing blackrock.com/uk/brai 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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