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Nov. 12, 2019, 3:45 p.m. EST

Liberty All-Star® Equity Fund October 2019 Monthly Update

BOSTON, Nov. 12, 2019 /PRNewswire/ -- Below is the October 2019 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)

(PRNewsfoto/All-Star Funds)

Liberty All-Star Equity Fund Ticker: USA  Monthly Update, October, 2019

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 Macquarie Investment Management Pzena Investment Management, LLC

Growth Managers:

Sustainable Growth Advisers, LP TCW Investment Management Company

Top 20 Holdings at Month-End


(30.9% of equity portfolio)



1 Visa, Inc. 2.2%
2 PayPal Holdings, Inc. 2.1%
3 Amazon.com, Inc. 2.0%
4 Alphabet, Inc. 2.0%
5 Adobe, Inc. 2.0%
6 Microsoft Corp. 1.9%
7 salesforce.com, Inc. 1.7%
8 Facebook, Inc. 1.6%
9 Halliburton Co. 1.5%
10 Abbott Laboratories 1.4%
11 Bank of America Corp. 1.4%
12 American International Group, Inc. 1.4%
13 Mondelez International, Inc. 1.4%
14 Capital One Financial Corp. 1.3%
15 Danaher Corp. 1.3%
16 Equinix, Inc. 1.3%
17 Home Depot, Inc. 1.2%
18 American Tower Corp. 1.1%
19 Amgen, Inc. 1.1%
20 Lowe's Cos., Inc. 1.0%

Holdings are subject to change.

Monthly Performance

Performance NAV Market Price Discount
Beginning of month value $6.51 $6.40 -1.7%
End of month value $6.59 $6.49 -1.5%
Performance for month 1.23% 1.41%
Performance year-to-date 21.11% 30.58%

Net Assets at Month-End ($millions)

Total $1,363.3
Equities $1,339.6
Percent Invested 98.3%

Sector Breakdown (% of equity portfolio)*

Information Technology
21.1%
Financials
16.9%
Health Care
15.4%
Consumer Discretionary
12.5%
Industrials
9.0%
Energy
6.2%
Communication Services
6.0%
Consumer Staples
5.7%
Real Estate
3.8%
Materials
2.6%
Utilities
0.8%
Total Market Value
100.0%

*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings None

Holdings Liquidated Acadia Healthcare Co., 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.

Contact info:
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com  

 

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SOURCE Liberty All-Star Equity Fund

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