We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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
Premium
TIDMBRNA
BLACKROCK NORTH AMERICAN INCOME TRUST plc (LEI: 549300WWOCXSC241W468)
All information is at 31 August 2018 and unaudited.
Performance at month end with net income reinvested
One Three Six One Three Five
Month Months Months Year Years years
Net asset value 2.3% 8.5% 11.7% 12.2% 72.3% 98.1%
Share price 5.2% 9.1% 15.1% 19.4% 83.7% 90.9%
Russell 1000 Value Index 2.4% 8.3% 11.2% 11.5% 67.7% 102.6%
Source: BlackRock
At month end
Net asset value - capital only: 181.75p
Net asset value - cum income: 182.29p
Share price: 180.00p
Discount to cum income NAV: 1.3%
Net yield¹: 4.4%
Total assets including current year revenue: GBP125.6m
Gearing: Nil
Options overwrite: 15.0%
Ordinary shares in issue²: 68,874,044
Ongoing charges³: 1.1%
¹ In line with the dividend policy announced in the Annual Report on 13
December 2017 of dividends amounting to 8.00p per share for the year ending 31
October 2018 and based on the share price as at close of business on 31 August
2018.
² Excluding 31,487,261 ordinary shares held in treasury.
³ 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 2017.
Benchmark Sector Analysis Total Assets (%)
Financials 26.6
Health Care 17.3
Energy 11.7
Information Technology 11.2
Industrials 8.0
Consumer Staples 6.6
Utilities 4.9
Consumer Discretionary 3.8
Telecommunication Services 3.6
Materials 2.2
Net current assets 4.1
-----
100.0
=====
Country Analysis Total Assets (%)
United States 79.9
United Kingdom 5.0
Canada 3.1
Ireland 2.6
Netherlands 2.4
France 0.9
Denmark 0.8
Germany 0.6
China 0.4
Switzerland 0.2
Net Current assets 4.1
-----
100.0
=====
Ten Largest Investments
Company Country of Risk Total Assets (%)
JPMorgan Chase USA 4.1
Pfizer USA 3.8
Bank of America USA 3.5
Citigroup USA 3.4
Verizon Communications USA 3.4
Wells Fargo USA 3.3
Oracle USA 2.9
Anthem USA 2.5
Suncor Energy Canada 2.4
Microsoft USA 2.4
Tony DeSpirito, Franco Tapia and David Zhao, representing the Investment
Manager, noted:
For the one-month period ended 31 August 2018, the Company's NAV increased by
2.3% while the share price increased by 5.2% (all in sterling). The Company's
benchmark, the Russell 1000 Value Index, returned 2.4% for the period.
The largest contributor to relative performance was stock selection in the
consumer discretionary sector, most notably in the specialty retail industry.
In utilities, stock selection in electric utilities also boosted relative
performance. Other notable contributors included our overweight to the health
care providers & services industry and a combination of stock selection and an
overweight to the information technology sector.
The largest detractor from relative performance was a combination of allocation
decisions and stock selection in the financials sector. Notably, an underweight
to the diversified financial services industry proved costly, as did stock
selection in the banks industry. The portfolio's cash position, which averaged
5.6% during the period, weighed on relative returns amid rising U.S. equity
prices. Other notable detractors included our underweight to real estate and
stock selection in the industrials sector.
The portfolio's option overwriting strategy detracted from absolute returns in
August. This should be understood within the context of rising U.S. equity
market prices.
Transactions/Options
Transactions: In August we initiated new positions in Mondelez International,
Inc., Nestlé S.A. and Newell Brands Inc. Position sizes in Verizon
Communications Inc., Marathon Petroleum Corporation, Arthur J. Gallagher & Co.
and The Williams Companies, Inc. were also increased. Conversely, we exited our
positions in Chevron Corporation, Royal Dutch Shell plc and Lincoln National
Corporation. Other notable trades included trimming our existing positions in
The Kroger Co, Bank of America Corporation and KeyCorp.
Options: As of 31 August 2018, the Company's options exposure was 15.0% and
the delta of the options was 87.6.
Positioning
As of the period end, the Company's largest overweight positions relative to
the benchmark were in the health care, financials and information technology
sectors. The Company's largest underweight positions relative to the benchmark
were in the real estate, consumer discretionary and materials sectors.
Source: BlackRock.
19 September 2018
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
September 19, 2018 11:18 ET (15:18 GMT)
1 Year Blackrock North American... Chart |
1 Month Blackrock North American... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
