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July 15, 2021, 3:06 p.m. EDT

Liberty All-Star Equity Fund June 2021 Monthly Update

BOSTON, July 15, 2021 /PRNewswire/ -- Below is the June 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA) Liberty All-Star Equity Fund Ticker: USA               
Monthly Update, June, 2021

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
            (32.5% of equity portfolio)
1 Alphabet, Inc. 2.5%
2 PayPal Holdings, Inc. 2.5%
3 Amazon.com, Inc. 2.5%
4 Facebook, Inc. 2.4%
5 Adobe, Inc. 2.2%
6 Visa, Inc. 1.9%
7 Microsoft Corp. 1.8%
8 UnitedHealth Group, Inc. 1.7%
9 salesforce.com, Inc. 1.6%
10 Danaher Corp. 1.5%
11 JPMorgan Chase & Co.  1.4%
12 Berkshire Hathaway, Inc. 1.3%
13 Sony Group Corp. 1.3%
14 Capital One Financial Corp. 1.3%
15 Charles Schwab Corp. 1.3%
16 ServiceNow, Inc. 1.1%
17 IHS Markit, Ltd. 1.1%
18 General Electric Co. 1.1%
19 NVIDIA Corp. 1.0%
20 Wells Fargo & Co. 1.0%

Holdings are subject to change.

Monthly Performance:       

Performance NAV Market Price Premium
Beginning of month value  $7.99 $8.38 4.9%
End of month value $8.13 $9.04 11.2%
Performance for month 1.75% 7.88%
Performance year-to-date 15.99% 37.76%


Net Assets at Month-End ($millions)
Total $1,800.6
Equities $1,757.4
Percent Invested 97.6%


Sector Breakdown (% of equity portfolio)* 
Information Technology 22.1%
Financials 17.3%
Consumer Discretionary 14.0%
Health Care 13.8%
Industrials 10.3%
Communication Services 8.1%
Energy 3.6%
Materials 3.6%
Real Estate 2.8%
Consumer Staples 2.7%
Utilities 1.7%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings None

Holdings Liquidated Nestle SA

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 2021 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 June 30, 2021 unless otherwise noted.                    

Liberty All-Star® Equity Fund


View original content: https://www.prnewswire.com/news-releases/liberty-all-star-equity-fund-june-2021-monthly-update-301335133.html

SOURCE Liberty All-Star Equity Fund


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