BOSTON, March 19, 2018 /PRNewswire-PRWeb/ -- Below
is the February 2018 Monthly Update
for the Liberty All-Star® Equity Fund. (NYSE: USA)
Liberty All-Star Equity
Fund
Ticker: USA
Monthly Update, February, 2018
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 Capitol Management,
LLC
Macquarie Investment
Management
Pzena Investment Management,
LLC
Growth
Managers:
Sustainable Growth Advisers,
LP
TCW Investment Management
Company
Top 20 Holdings at Month-End
(30.3% of equity portfolio)
1 Amazon.com,
Inc. 2.3%
2 Visa, Inc., Class
A 2.2%
3 Alphabet, Inc., Class
C 2.2%
4 Adobe Systems,
Inc. 2.1%
5 Salesforce.com,
Inc. 2.1%
6 Facebook, Inc., Class
A 1.9%
7 Mondelez International, Inc., Class A
1.6%
8 Bank of America
Corp. 1.5%
9 PayPal Holdings,
Inc. 1.4%
10 Halliburton
Co. 1.3%
11 Equinix,
Inc. 1.3%
12 Oracle
Corp. 1.3%
13 Booking Holdings,
Inc. 1.2%
14 The Home Depot,
Inc. 1.2%
15 Starbucks
Corp. 1.2%
16 JPMorgan Chase &
Co. 1.1%
17 Lowe's Companies,
Inc. 1.1%
18 Chubb
Ltd. 1.1%
19 DowDuPont, Inc.
1.1%
20 Capital One Financial Corp.1.1%
Holdings are subject to
change.
Monthly
Performance
Beginning of month value: $7.12 NAV,
$6.54 Market Price, -8.1%
Discount
End of month value: $6.82 NAV,
$6.25 Market Price, -8.4%
Discount
Performance for month: -4.21% NAV, -4.43% Market
Price,
Performance year-to-date: 2.10% NAV, 2.04%Market Price,
Net Assets at Month-End
($millions)
Total
$1,320.3
Equities
$1,325.6
Percent
Invested 100.4%
Sector Breakdown (% of equity
portfolio)*
Information
Technology 25.1%
Financials 17.0%
Health
Care 14.7%
Consumer
Discretionary 14.2%
Energy 7.8%
Industrials 6.2%
Consumer
Staples 6.1%
Materials 3.6%
Real
Estate 2.8%
Utilities 1.4%
Telecommunication Services 1.1%
Total Market
Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry
Classification Standard
(GICS).
New
Holdings
Praxair, Inc.
Holdings Liquidated
Allergan PLC
Chipotle Mexican Grill, Inc.
Core Laboratories NV
First Republic Bank
Hilton Worldwide Holdings, 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 can include ordinary
dividends, long-term capital gains and return of capital. 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. If a distribution includes anything other than net
investment income, the Fund provides a Section 19(a) notice of the
best estimate of its distribution sources at that time. These
estimates may not match the final tax characterization (for the
full year's distributions) contained in shareholders' 1099-DIV
forms after the end of the year.
Liberty All-Star® Equity Fund
1-800-241-1850
http://www.all-starfunds.com
SOURCE Liberty All-Star Equity Fund