BlackRock Sustainable American Income Trust Plc Portfolio Update

 
TIDMBRSA 
 
The information contained in this release was correct as at 31 January 2023. 
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 January 2023  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              4.3%     2.5%     2.8%     6.7%    34.8%    56.5% 
 
Share price                  3.6%     2.8%     0.0%     5.8%    21.8%    52.7% 
 
Russell 1000 Value Index     2.8%     0.3%     3.5%     8.5%    36.9%    61.5% 
 
At month end 
 
Net asset value - capital only:                                                 215.72p 
 
Net asset value - cum income:                                                   216.46p 
 
Share price:                                                                    201.00p 
 
Discount to cum income NAV:                                                        7.1% 
 
Net yield1:                                                                        4.0% 
 
Total assets including current year revenue:                                    £173.7m 
 
Gearing:                                                                           2.2% 
 
Ordinary shares in issue2:                                                   80,229,044 
 
Ongoing charges3:                                                                  1.0% 
 
1 Based on four quarterly dividends of 2.00p per share declared on 22 March 
2022, 11 May 2022, 4 August 2022 and 2 November 2022 for the year ended 31 
October 2022 and based on the share price as at close of business on 31 January 
2023. 
 
² Excluding 20,132,261 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 2022. 
 
Sector Analysis           Total Assets 
                                   (%) 
 
Financials                        22.5 
 
Health Care                       19.1 
 
Information Technology            14.2 
 
Consumer Discretionary             9.6 
 
Energy                             7.9 
 
Industrials                        6.2 
 
Consumer Staples                   6.0 
 
Communication Services             5.2 
 
Materials                          4.3 
 
Utilities                          4.0 
 
Real Estate                        1.4 
 
Net Current Liabilities           -0.4 
 
                                 ----- 
 
                                 100.0 
 
                                 ===== 
 
 
 
Country Analysis         Total Assets 
                                  (%) 
 
United States                    81.7 
 
United Kingdom                    8.0 
 
Japan                             3.7 
 
France                            2.8 
 
Australia                         2.0 
 
Canada                            1.2 
 
Denmark                           1.0 
 
Net Current Liabilities          -0.4 
 
                                ----- 
 
                                100.0 
 
                                ===== 
 
 
 
Top 10 Holdings                                  Country              % Total 
                                                                       Assets 
 
Verizon Communications                           United States            3.1 
 
Willis Towers Watson                             United States            3.0 
 
Laboratory Corporation of America                United States            2.9 
 
Sanofi                                           France                   2.9 
 
Cognizant Technology Solutions                   United States            2.7 
 
Wells Fargo                                      United States            2.6 
 
Citigroup                                        United States            2.6 
 
American International                           United States            2.6 
 
Cisco Systems                                    United States            2.5 
 
Cigna                                            United States            2.5 
 
 
Tony DeSpirito, David Zhao and Lisa Yang, representing the Investment Manager, 
noted: 
 
For the one-month period ended 31 January 2023, the Company's NAV increased by 
4.3% and the share price by 3.6% (all in sterling). The Company's reference 
index, the Russell 1000 Value Index, returned 2.8% for the period. 
 
The largest contributor to relative performance was due to investment decisions 
within the information technology sector; most notably selection decisions in 
the technology hardware, storage and peripherals industry proved to be 
beneficial to relative performance. Our overweight allocation and positive 
stock selection in the consumer discretionary sector also boosted relative 
results, mainly due to our allocation decisions in household durables. Another 
notable contributor during the period included our stock selection in 
financials. 
 
The largest detractor from relative performance was due to investment decisions 
in the communication services sector, as the decision to not invest in 
interactive media proved costly. Our allocation decision to be underweight real 
estate also weighed on relative performance, specifically the decision to not 
invest in REITs. Another modest detractor for the period included selection 
decisions in the materials sector. 
 
Transactions 
 
During the month the Company initiated a number of trades, the largest buys 
being in Mondelez International and Gildan Activewear. The two sales during the 
period included Pepsico and Humana. 
 
Positioning 
 
As of the period end, the Company's largest overweight positions relative to 
the reference index were in the information technology, consumer discretionary 
and health care sectors. The Company's largest underweight positions relative 
to the reference index were in the industrials, real estate and consumer 
staples sectors. 
 
Source: BlackRock. 
 
15 February 2023 
 
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

February 15, 2023 07:34 ET (12:34 GMT)