BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC
(LEI:549300WWOCXSC241W468)
All information is at 30 June
2024 and unaudited.
Performance
at month end with net income reinvested
|
|
One
Month
|
Three
Months
|
Six
Months
|
One
Year
|
Three
Years
|
Five
Years
|
|
Net
asset value
|
-1.1
|
-2.0
|
6.5
|
12.3
|
24.0
|
48.0
|
|
Share
price
|
0.3
|
0.1
|
5.8
|
10.4
|
20.7
|
32.7
|
|
Russell 1000
Value Index
|
-0.2
|
-2.2
|
7.5
|
13.7
|
28.4
|
55.0
|
At month
end
|
Net
asset value - capital only:
|
216.60p
|
|
Net
asset value - cum income:
|
217.04p
|
|
Share
price:
|
197.00p
|
|
Discount to cum
income NAV:
|
9.2%
|
|
Net
yield1:
|
4.1%
|
|
Total
assets including current year revenue:
|
£163.6m
|
|
Net
gearing:
|
0.4%
|
|
Ordinary shares
in issue2:
|
75,376,665
|
|
Ongoing
charges3:
|
1.03%
|
1 Based on two
quarterly dividends of 2.00p per share declared on 3 August 2023 and 2
November 2023 for the year ended 31
October 2023 and two quarterly dividends of 2.00p per share
declared on 14 March 2024 and
29 May 2024 for the year ending
31 October 2024 and based on the
share price as at close of business on 30
June 2024.
²
Excluding 24,984,640 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 31 October 2023.
|
Sector
Analysis
|
Total
Assets (%)
|
|
Financials
|
18.6
|
|
Health
Care
|
16.9
|
|
Information
Technology
|
15.5
|
|
Consumer
Discretionary
|
10.0
|
|
Energy
|
7.7
|
|
Industrials
|
7.6
|
|
Communication
Services
|
6.2
|
|
Consumer
Staples
|
6.2
|
|
Utilities
|
5.4
|
|
Materials
|
4.1
|
|
Real
Estate
|
2.0
|
|
Net
Current Liabilities
|
-0.2
|
|
|
-----
|
|
|
100.0
|
|
|
=====
|
|
Country
Analysis
|
Total
Assets (%)
|
|
United
States
|
88.2
|
|
United
Kingdom
|
5.8
|
|
France
|
2.0
|
|
South
Korea
|
2.0
|
|
Australia
|
1.2
|
|
Switzerland
|
1.0
|
|
Net
Current Liabilities
|
-0.2
|
|
|
-----
|
|
|
100.0
|
|
|
=====
|
|
|
|
#
|
Top 10 Holdings
|
Country
|
% Total Assets
|
|
Citigroup
|
United
States
|
3.5
|
|
Shell
|
United
Kingdom
|
2.9
|
|
Comcast
|
United
States
|
2.7
|
|
American
International
|
United
States
|
2.6
|
|
Johnson Controls
International
|
United
States
|
2.5
|
|
CVS
Health
|
United
States
|
2.4
|
|
Cardinal
Health
|
United
States
|
2.4
|
|
Fidelity National
Information Services
|
United
States
|
2.3
|
|
Dollar
Tree
|
United
States
|
2.3
|
|
Sony
|
United
States
|
2.3
|
|
|
|
|
|
|
Tony DeSpirito, David Zhao
and Lisa Yang, representing the
Investment Manager, noted:
For
the one-month period ended 30 June
2024, the Company’s NAV decreased by 1.1% and the share
price increased by 0.3% (all in sterling). The Company’s reference
index, the Russell 1000 Value Index, returned -0.2% for the
period.
The
largest contributor to relative performance stemmed from stock
selection in energy, with selection decisions in oil, gas &
consumable fuels boosting relative performance. Selection decisions
in health care also boosted relative performance, with stock
selection in health care providers and services particularly
beneficial to relative performance. Other modest contributors
during the period at the sector level included selection decisions
in utilities and an overweight allocation to information
technology.
The
largest detractor from relative performance stemmed from stock
selection in consumer staples, most notably in consumer staples
distribution and retail. Selection decisions in industrials
detracted from relative performance, with stock selection in
building products dragging on relative performance. Other modest
detractors at the sector level included selection decisions in real
estate and materials.
Transactions
During the month,
the Company’s largest purchase was Keysight Technologies. The
Company exited its position in Texas Instruments.
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 consumer discretionary sectors. The
Company’s largest underweight positions relative to the reference
index were in the industrials, real estate and materials
sectors.
Source:
BlackRock.
18 July 2024
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.