BlackRock Sustainable American Income Trust Plc Portfolio Update

 
TIDMBRSA 
 
The information contained in this release was correct as at 31 August 2021. 
Information on the Company's up to date net asset values can be found on the 
London Stock Exchange Website at: 
 
https://www.londonstockexchange.com/exchange/news/market-news/ 
market-news-home.html. 
 
BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC (LEI:549300WWOCXSC241W468) 
All information is at 31 August 2021  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                3.0%     2.1%    13.9%    27.5%    24.6%    62.4% 
 
Share price                    4.9%     2.7%    16.5%    30.5%    21.6%    67.1% 
 
Russell 1000 Value Index       3.0%     5.0%    16.3%    32.7%    30.7%    65.3% 
 
At month end 
 
Net asset value - capital only:                                                 198.07p 
 
Net asset value - cum income:                                                   198.21p 
 
Share price:                                                                    190.50p 
 
Discount to cum income NAV:                                                        3.9% 
 
Net yield1:                                                                        4.2% 
 
Total assets including current year revenue:                                    £159.0m 
 
Gearing:                                                                            Nil 
 
Ordinary shares in issue2:                                                   80,229,044 
 
Ongoing charges3:                                                                  1.1% 
 
1 Based on four quarterly interim dividends of 2.00p per share declared on 4 
November 2020 for the year ended 31 October 2020, and on 23 March 2021, 5 May 
2021 and 5 August 2021 for the year ending 31 October 2021, and based on the 
share price as at close of business on 31 August 2021. 
 
² Excluding 20,132,261 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 2020. 
 
Sector Analysis           Total Assets 
                                   (%) 
 
Financials                        24.4 
 
Health Care                       16.9 
 
Information Technology            15.6 
 
Consumer Discretionary            10.3 
 
Communication Services             7.2 
 
Utilities                          6.2 
 
Industrials                        6.0 
 
Consumer Staples                   5.3 
 
Materials                          4.6 
 
Energy                             3.7 
 
Real Estate                        0.9 
 
Net Current Liabilities           -1.1 
 
                                  ---- 
 
                                 100.0 
 
                                 ===== 
 
 
 
Country Analysis         Total Assets 
                                  (%) 
 
United States                    75.5 
 
Canada                            5.4 
 
France                            5.2 
 
Japan                             4.4 
 
United Kingdom                    3.4 
 
Switzerland                       2.3 
 
Australia                         2.1 
 
Norway                            1.6 
 
Denmark                           1.2 
 
Net Current Liabilities          -1.1 
 
                                ----- 
 
                                100.0 
 
                                ===== 
 
 
 
 
Top 10 Holdings                                  Country              % Total 
                                                                       Assets 
 
Cisco Systems                                    United States            5.0 
 
AstraZeneca                                      United Kingdom           3.4 
 
Cognizant Technology Solutions                   United States            3.2 
 
Danone                                           France                   3.2 
 
Zimmer Biomet                                    United States            3.2 
 
Comerica                                         United States            3.1 
 
Wells Fargo                                      United States            3.0 
 
Komatsu                                          Japan                    2.9 
 
Morgan Stanley                                   United States            2.9 
 
American International Group                     United States            2.8 
 
 
Tony DeSpirito, David Zhao and Lisa Yang, representing the Investment Manager, 
noted: 
 
For the one-month period ended 31 August 2021, the Company's NAV increased by 
3.0% and the share price by 4.9% (all in sterling). The Company's reference 
index, the Russell 1000 Value Index, returned +3.0% for the period. 
 
The largest contributor to relative performance was security selection in the 
financial sector. Specifically, selection decisions within insurance and 
capital markets helped relative returns, as well as our overweight exposure to 
the insurance industry overall. Within information technology (IT), our 
overweight exposure to communications equipment benefited returns as did an 
underweight exposure to technology hardware, storage and peripherals. Finally, 
stock selection within consumer discretionary also contributed to relative 
performance with our choices within textile and apparel and specialty retail 
proving accretive. 
 
The largest detractor from relative performance were our allocation decisions 
within health care. Specifically, our selection decisions in the health care 
equipment and supplies industries, as well as underweight exposure to 
biotechnology, proved costly. In industrials, stock selection within machinery 
also weighed on relative returns, as did our selection in road and rail. 
Lastly, consumer staples also detracted from relative returns as allocation 
decisions within food and staples retailing and food products hindered 
performance. 
 
Transactions 
 
There were no new purchases or sales in the portfolio this month. 
 
Positioning 
 
As of the period end, the Company's largest overweight positions relative to 
the benchmark were in the IT, consumer discretionary and financials sectors. 
The Company's largest underweight positions relative to the benchmark were in 
the industrials, real estate and consumer staples sectors. 
 
Source: BlackRock. Data as of 31 August 2021. 
 
22 September 2021 
 
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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 22, 2021 08:29 ET (12:29 GMT)