BOSTON, Dec. 14, 2020 /PRNewswire/ -- Below is the
November 2020 Monthly Update for the
Liberty All-Star Equity Fund. (NYSE: USA)
Liberty All-Star Equity Fund
Ticker:
USA
Monthly Update, November, 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
|
|
(31.7% of
equity portfolio)
|
|
|
1
|
Amazon.com,
Inc.
|
2.5%
|
|
2
|
PayPal
Holdings, Inc.
|
2.4%
|
|
3
|
Adobe,
Inc.
|
2.1%
|
|
4
|
Visa, Inc.
|
2.0%
|
|
5
|
Facebook,
Inc.
|
1.9%
|
|
6
|
Alphabet,
Inc.
|
1.8%
|
|
7
|
Microsoft
Corp.
|
1.8%
|
|
8
|
salesforce.com,
Inc.
|
1.7%
|
|
9
|
UnitedHealth
Group, Inc.
|
1.6%
|
|
10
|
Danaher
Corp.
|
1.5%
|
|
11
|
JPMorgan Chase &
Co.
|
1.5%
|
|
12
|
Sony Corp.
|
1.5%
|
|
13
|
ServiceNow,
Inc.
|
1.3%
|
|
14
|
IHS Markit,
Ltd.
|
1.3%
|
|
15
|
Berkshire Hathaway,
Inc.
|
1.3%
|
|
16
|
General Electric
Co.
|
1.2%
|
|
17
|
Equinix,
Inc.
|
1.1%
|
|
18
|
Chubb,
Ltd.
|
1.1%
|
|
19
|
Capital One Financial
Corp.
|
1.1%
|
|
20
|
American
International Group, Inc.
|
1.0%
|
Holdings are subject to change.
|
Monthly
Performance:
|
|
Performance
|
NAV
|
Market
Price
|
Discount
|
|
Beginning of month
value
|
$6.43
|
$5.80
|
-9.8%
|
|
Distributions
(Ex-Date November 12th)
|
$0.16
|
$0.16
|
|
|
End of month
value
|
$7.11
|
$6.57
|
-7.6%
|
|
Performance for
month
|
13.27%
|
16.03%
|
|
|
Performance
year-to-date
|
13.92%
|
7.29%
|
|
|
Net Assets at
Month-End ($millions)
|
|
Total
|
$1,528.8
|
|
Equities
|
$1,520.7
|
|
Percent
Invested
|
99.5%
|
|
Sector Breakdown
(% of equity
portfolio)*
|
|
Information
Technology
|
21.9%
|
|
Financials
|
16.8%
|
|
Consumer
Discretionary
|
14.4%
|
|
Health
Care
|
13.8%
|
|
Industrials
|
12.3%
|
|
Communication
Services
|
6.0%
|
|
Materials
|
4.4%
|
|
Energy
|
3.6%
|
|
Consumer
Staples
|
3.5%
|
|
Real
Estate
|
2.3%
|
|
Utilities
|
1.0%
|
|
Total Market
Value
|
100.0%
|
*Based on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS).
New Holdings
Cie
Generale des Etablissements Michelin SCA
MSCI, Inc.
Holdings Liquidated
Carnival Corp.
Xilinx, Inc.
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.
Sources of distributions to shareholders may include ordinary
dividends, long-term capital gains and return of capital. The
final determination of the source of all distributions in 2020 for
tax reporting purposes will be made after year end. The
actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Fund's investment experience during
its fiscal year and may be subject to changes based on tax
regulations. Based on current estimates a portion of the
distributions consists of a return of capital. These estimates may
not match the final tax characterization (for the full year's
distributions) contained in shareholder 1099-DIV forms after the
end of the
year.
All data is as of November 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