BOSTON, Oct. 15, 2020 /PRNewswire/ -- Below is the
September 2020 Monthly Update for the
Liberty All-Star Equity Fund. (NYSE: USA)
Liberty All-Star Equity Fund
Ticker:
USA
Monthly Update, September, 2020
Investment
Approach:
Fund Style: Large-Cap
Core
Fund Strategy: Combines three value-style and two growth-style
investment managers. Those selected demonstrate a consistent
investment philosophy, decision making process, continuity of key
people and above-average long-term results compared to managers
with similar styles.
Investment
Managers:
|
Value
Managers:
|
|
Aristotle Capital
Management, LLC
|
|
Fiduciary Management,
Inc.
|
|
Pzena Investment
Management,
LLC
|
Growth
Managers:
|
|
Sustainable Growth
Advisers, LP
|
|
TCW Investment
Management Company
|
Top 20 Holdings at
Month-End
|
(32.8% of equity portfolio)
|
1
|
Amazon.com,
Inc.
|
2.7%
|
2
|
Adobe,
Inc.
|
2.4%
|
3
|
PayPal Holdings,
Inc.
|
2.4%
|
4
|
Visa,
Inc.
|
2.1%
|
5
|
Facebook,
Inc.
|
2.0%
|
6
|
Microsoft
Corp.
|
2.0%
|
7
|
Alphabet,
Inc.
|
1.9%
|
8
|
salesforce.com,
Inc.
|
1.8%
|
9
|
Danaher
Corp.
|
1.8%
|
10
|
UnitedHealth Group,
Inc.
|
1.6%
|
11
|
ServiceNow,
Inc.
|
1.4%
|
12
|
JPMorgan Chase &
Co.
|
1.4%
|
13
|
Sony
Corp.
|
1.3%
|
14
|
Berkshire Hathaway,
Inc.
|
1.3%
|
15
|
Equinix,
Inc.
|
1.3%
|
16
|
IHS Markit,
Ltd.
|
1.2%
|
17
|
Chubb,
Ltd.
|
1.1%
|
18
|
Capital One Financial
Corp.
|
1.1%
|
19
|
Masco
Corp.
|
1.0%
|
20
|
Dollar General
Corp.
|
1.0%
|
Holdings are subject
to change.
|
Monthly
Performance:
|
|
|
|
Performance
|
NAV
|
Market
Price
|
Discount
|
Beginning of month
value
|
$6.68
|
$6.18
|
-7.5%
|
End of month
value
|
$6.46
|
$6.01
|
-7.0%
|
Performance for
month
|
-3.29%
|
-2.75%
|
|
Performance
year-to-date
|
1.04%
|
-4.19%
|
|
Net Assets at
Month-End
($millions)
|
Total
|
$1,389.8
|
Equities
|
$1,357.5
|
Percent
Invested
|
97.7%
|
Sector Breakdown
(% of equity
portfolio)*
|
Information
Technology
|
22.7%
|
Financials
|
15.4%
|
Health
Care
|
14.7%
|
Consumer
Discretionary
|
14.3%
|
Industrials
|
12.1%
|
Communication
Services
|
6.1%
|
Materials
|
4.5%
|
Consumer
Staples
|
4.0%
|
Energy
|
3.0%
|
Real
Estate
|
2.7%
|
Utilities
|
0.5%
|
Total Market
Value
|
100.0%
|
*Based on Standard
& Poor's and MSCI Barra Global Industry Classification Standard
(GICS).
|
New Holdings
IQVIA Holdings, Inc.
Snowflake, Inc.
Holdings Liquidated
None
The net asset value (NAV) of a closed-end fund is the market
value of the underlying investments (i.e., stocks and bonds) in the
Fund's portfolio, minus liabilities, divided by the total number of
Fund shares outstanding. However, the Fund also has a market
price; the value at which it trades on an exchange. If the market
price is above the NAV the Fund is trading at a premium. If
the market price is below the NAV the Fund is trading at a
discount.
Performance returns for the Fund are total returns, which
includes dividends, and are net of management fees and other Fund
expenses. Returns are calculated assuming that a shareholder
reinvested all distributions. Past performance cannot predict
future investment results.
Performance will fluctuate with changes in market conditions.
Current performance may be lower or higher than the performance
data shown. Performance information shown does not reflect the
deduction of taxes that shareholders would pay on Fund
distributions or the sale of Fund shares. Shareholders must be
willing to tolerate significant fluctuations in the value of their
investment. An investment in the Fund involves risk, including loss
of
principal.
All data is as of September 30,
2020 unless otherwise
noted.
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star Funds