BLACKROCK FRONTIERS INVESTMENT TRUST PLC (LEI: 5493003K5E043LHLO706)

 

All information is at 30 November 2024 and unaudited.

Performance at month end with net income reinvested.

 

 

One month %

Three months %

One year %

Three years %

Five years %

Since  Launch* %

Sterling:

 

 

 

 

 

 

Share price

3.1

2.7

11.7

30.9

45.0

150.1

Net asset value

2.2

4.0

 12.8

32.8

58.2

179.3

Benchmark (NR)**

-1.0

-0.3

6.9

12.1

17.1

88.3

MSCI Frontiers Index (NR)

0.4

2.6

12.1

-5.1

15.8

84.9

MSCI Emerging Markets Index (NR)

-2.5

1.6

11.4

0.2

 

19.1

67.1

 

 

 

 

 

 

 

US Dollars:

 

 

 

 

 

 

Share price

1.9

-0.6

12.2

25.9

42.6

104.9

Net asset value

1.0

0.6

13.3

27.7

55.5

128.4

Benchmark (NR)**

-2.2

-3.6

7.4

7.7

15.1

54.7

MSCI Frontiers Index (NR)

-0.8

-0.8

12.5

-8.9

13.8

50.8

MSCI Emerging Markets Index (NR)

-3.6

-1.7

11.9

-3.7

17.1

36.3

 

Sources: BlackRock and Standard & Poor’s Micropal

* 17 December 2010.

** The Company’s benchmark changed from MSCI Frontier Markets Index to MSCI Emerging ex Selected Countries + Frontier Markets + Saudi Arabia Index (net total return, USD) effective 1/4/2018. 

At month end

 

US Dollar

 

Net asset value - capital only:

203.38c

Net asset value - cum income:

210.48c

Sterling:

 

Net asset value - capital only:

160.02p

Net asset value - cum income:

165.61p

Share price:

149.50p

Total assets (including income):

£313.5m

Discount to cum-income NAV:

9.7%

Gearing:

Nil

Gearing range (as a % of gross assets):

0-20%

Net yield*:

4.4%

Ordinary shares in issue**:

189,300,748

Ongoing charges***:

1.38%

Ongoing charges plus taxation and performance fee****:

3.78%

 

*The Company’s yield based on dividends announced in the last 12 months as at the date of the release of this announcement is 4.4%, and includes the 2023 final dividend of 4.90 cents per share, declared on 30 November 2023, and paid to shareholders on 14 February 2024, and the 2024 interim dividend of 3.50 cents per share, declared on 31 May 2024, and paid to shareholders on 01 July 2024.

** Excluding 52,522,053 ordinary shares held in treasury.

***The Company’s ongoing charges are calculated as a percentage of average daily net assets and using the management fee and all other operating expenses excluding performance fees, finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non-recurring items for Year ended 30 September 2023.

**** The Company’s ongoing charges are calculated as a percentage of average daily net assets and using the management fee and all other operating expenses and including performance fees but excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non-recurring items for Year ended 30 September 2023.

 

Sector Analysis

Gross market value as a % of net assets

 

Country Analysis

Gross market value as a % of net assets

 

 

 

 

 

Financials

43.2

 

Indonesia

14.1

Industrials

12.2

 

United Arab Emirates

10.8

Real Estate

12.1

 

Saudi Arabia

10.6

Materials

8.8

 

Poland

9.1

Consumer Discretionary

8.1

 

Kazakhstan

6.8

Communication Services

7.4

 

Philippines

6.1

Information Technology

7.2

 

Hungary

5.7

Consumer Staples

6.9

 

Turkey

5.4

Energy

2.3

 

Pakistan

5.2

Health Care

1.4

 

Vietnam

4.4

 

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Multi-International

4.3

 

109.6

 

Kenya

3.7

 

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