BLACKROCK AMERICAN INCOME TRUST PLC (LEI:549300WWOCXSC241W468)
All information is at
Performance at month end with net income reinvested
|
|
One Month |
Three Months |
Six Months |
One Year |
Three Years |
Five Years |
|
Net asset value |
-0.8 |
-1.8 |
4.3 |
8.4 |
19.5 |
61.2 |
|
Share price |
-1.0 |
-1.0 |
6.2 |
16.4 |
18.1 |
55.5 |
|
Russell 1000 Value Index |
-0.9 |
-1.2 |
9.0 |
16.3 |
36.7 |
82.9 |
|
Russell 1000 Value Index (Net 15% WHT Total Return)*
|
-0.9 |
-1.3 |
8.8 |
15.9 |
35.3 |
79.8 |
At month end
|
Net asset value - capital only: |
224.13p |
|
Net asset value - cum income: |
224.79p |
|
Share price: |
208.00p |
|
Discount to cum income NAV: |
7.5% |
|
Net yield 1 : |
3.8% |
|
Total assets including current year revenue: |
£153.9m |
|
Net cash: |
0.1% |
|
Ordinary shares in issue 2 : |
68,451,984 |
|
Ongoing charges 3 : |
1.06% |
1
Based on four quarterly dividends of 2.00p per share declared on
² Excluding 26,909,321 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
|
Sector Analysis |
Total Assets (%) |
|
Health Care |
18.1 |
|
Information Technology |
16.1 |
|
Financials |
15.6 |
|
Consumer Discretionary |
12.5 |
|
|
8.5 |
|
Industrials |
7.7 |
|
Materials |
6.5 |
|
Energy |
6.0 |
|
Utilities |
4.2 |
|
Consumer Staples |
2.6 |
|
Real Estate |
2.0 |
|
Net Current Assets |
0.2 |
|
|
----- |
|
|
100.0 |
|
|
===== |
|
|
|
|
Country Analysis |
Total Assets (%) |
|
|
88.4 |
|
|
4.5 |
|
|
2.8 |
|
|
1.6 |
|
|
1.0 |
|
|
1.0 |
|
|
0.5 |
|
Net Current Assets |
0.2 |
|
|
----- |
|
|
100.0 |
|
|
===== |
#
|
Top 10 Holdings |
Country |
% Total Assets |
|
Citigroup |
|
3.6 |
|
CVS Health |
|
3.3 |
|
Cardinal Health |
|
3.2 |
|
|
|
3.0 |
|
Sanofi |
|
2.8 |
|
Comcast |
|
2.7 |
|
Willis Towers Watson |
|
2.6 |
|
Sony |
|
2.5 |
|
Electronic Arts Inc |
|
2.4 |
|
First Citizens BancShares |
|
2.4 |
|
|
|
|
|
|
||
For the one-month period ended
At the sector level, the largest contributor to relative performance stemmed from stock selection in health care, with investment decisions in health care providers and services boosting relative performance. Relative performance was also boosted by security selection in industrials, specifically selection decisions in building products. Other modest contributors during the period at the sector level included selection decisions in consumer discretionary and utilities.
The largest detractor from relative performance stemmed from stock selection in consumer staples, most notably investment decisions in food products. Selection decisions in financials also detracted from relative performance, with investment decisions in financial services dragging on relative performance. Other modest detractors at the sector level included an overweight allocation in information technology and selection decisions in materials.
Transactions
During the month, the Company’s largest purchases were
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 communication services sectors. The Company’s largest underweight positions relative to the reference index were in the industrials, financials and real estate sectors.
Source: BlackRock.
Latest information is available by typing blackrock.com/uk/brai 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.
Release |