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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Blackrock North American Income Trust Plc | LSE:BRNA | London | Ordinary Share | GB00B7W0XJ61 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 183.50 | 181.00 | 183.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
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TIDMBRNA
BLACKROCK NORTH AMERICAN INCOME TRUST plc (LEI: 549300WWOCXSC241W468)
All information is at 31 October 2017 and unaudited.
Performance at month end with net income reinvested
One Three Six One Three Since
Month Months Months Year Years Launch*
Net asset value 2.4% 2.8% 4.7% 11.5% 56.9% 105.4%
Share price 3.5% 3.4% 3.2% 6.3% 59.1% 89.8%
Russell 1000 Value Index 1.8% 1.8% 2.7% 8.3% 51.7% 126.0%
Source: BlackRock
*Launched on 24 October 2012.
At month end
Net asset value - capital only: 170.05p
Net asset value - cum income: 171.75p
Share price: 160.50p
Discount to cum income NAV: 6.6%
Net yield*: 3.1%
Total assets including current year revenue: GBP118.3m
Gearing: Nil
Options overwrite: 15.8%
Ordinary shares in issue**: 68,874,044
Ongoing charges***: 1.0%
* Based on dividends of 1.20p per share declared on 21 February 2017 and 1.25p
per share declared on 3 May 2017, 8 August 2017 and 2 November 2017.
** Excluding 31,487,261 ordinary shares held in treasury.
*** Ongoing charges represent the management fee and all other operating
expenses excluding interest as a % of average shareholders' funds for the year
ended 31 October 2016.
Benchmark
Sector Analysis Total Assets (%)
Financials 27.2
Health Care 17.2
Energy 10.9
Information Technology 10.2
Industrials 9.9
Consumer Staples 5.8
Utilities 5.5
Materials 3.6
Consumer Discretionary 3.5
Telecommunication Services 2.3
Net current assets 3.9
-----
100.0
=====
Country Analysis Total Assets (%)
USA 78.7
Netherlands 4.3
United Kingdom 4.1
Canada 3.0
France 2.2
Ireland 2.1
Denmark 0.8
South Korea 0.5
China 0.4
Net current assets 3.9
-----
100.0
=====
Ten Largest Investments
Company Country of Risk Total Assets (%)
JPMorgan Chase USA 4.0
Bank of America USA 3.9
Citigroup USA 3.7
Pfizer USA 3.7
Oracle USA 3.1
Wells Fargo USA 2.9
Anthem USA 2.5
DowDuPont USA 2.3
Microsoft USA 2.1
Suncor Energy Canada 1.9
Tony DeSpirito, Franco Tapia and David Zhao representing the Investment
Manager, noted:
For the one month period ended 31 October 2017 the Company's NAV increased by
2.4% while the share price increased by 3.5% (all in sterling). The Company's
benchmark, the Russell 1000 Value Index, returned 1.8% for the period.
The largest contributor to relative performance during the month was stock
selection in the telecommunications sector. Notably, our decision not to own
benchmark holding AT&T Inc. proved to be beneficial. In consumer staples, stock
selection and an underweight to the food & staples retailing industry and our
underweight to the household products industry also boosted relative returns. A
combination of stock selection and allocation decisions in the information
technology sector and stock selection in health care and financials also
contributed to relative performance during the month.
The largest detractor from relative performance was the portfolio's cash
position. Stock selection in utilities also proved to be costly, most notably
due to our overweight to PG&E Corporation within the electric utilities
industry. Lastly, in consumer discretionary, stock selection in the media
industry and our overweight position in the leisure products industry dampened
relative performance.
Transactions/Options
Transactions: Notable portfolio transactions during the month included
initiating new positions in Novo Nordisk, The Charles Schwab Corporation and
Pioneer Natural Resources Company. Notable sales during the month included the
elimination of our position in The Coca-Cola Company and trimming our positions
in General Electric Company and Occidental Petroleum Corporation.
Options: As of 31 October 2017 the Company's options exposure was 15.8% and
the delta of the options was 87.8.
Positioning
As of period end, the Company's largest overweight positions relative to the
benchmark were in the health care, information technology and financials
sectors. The Company's largest underweight positions relative to the benchmark
were in the real estate, consumer discretionary and consumer staples sectors.
Source: BlackRock.
14 November 2017
Latest information is available by typing blackrock.co.uk/brna 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.
END
(END) Dow Jones Newswires
November 14, 2017 07:29 ET (12:29 GMT)
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