Liberty All-Star Equity Fund August 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its August 2020 Monthly Update, showing a net asset value (NAV) increase from $6.32 to $6.68. The fund's market price also rose from $5.90 to $6.18, reflecting a discount of -7.5% at month-end. The fund's performance for August was 5.70%, with a year-to-date performance of 4.49%. The fund's top holdings comprise technology and financial sectors, highlighting significant investments in companies like Amazon and Adobe. Total net assets reached $1,422.1 million, with 98.6% of assets invested in equities.

Positive

• NAV increased from $6.32 to $6.68.
• Market price rose from $5.90 to $6.18.
• August performance recorded at 5.70%.
• Year-to-date performance is 4.49%.
• Top holdings include major companies like Amazon and Adobe.
• Total net assets reached $1,422.1 million.
• 98.6% of assets are invested in equities.

Negative

• Market price at a discount of -7.5%.

BOSTON, Sept. 14, 2020 /PRNewswire/ -- Below is the August 2020 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, August, 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
(34.1% of equity portfolio)
1	Amazon.com, Inc.	2.8%
2	Adobe, Inc.	2.7%
3	PayPal Holdings, Inc.	2.4%
4	Facebook, Inc.	2.2%
5	Visa, Inc.	2.2%
6	Alphabet, Inc.	2.1%
7	Microsoft Corp.	2.1%
8	salesforce.com, Inc.	2.0%
9	Danaher Corp.	1.7%
10	UnitedHealth Group, Inc.	1.5%
11	JPMorgan Chase & Co.	1.4%
12	Sony Corp.	1.4%
13	ServiceNow, Inc.	1.4%
14	Berkshire Hathaway, Inc.	1.3%
15	Equinix, Inc.	1.3%
16	Chubb, Ltd.	1.2%
17	IHS Markit, Ltd.	1.2%
18	Masco Corp.	1.1%
19	Capital One Financial Corp.	1.1%
20	Booking Holdings, Inc.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Discount
Beginning of month value	$6.32	$5.90	-6.6%
End of month value	$6.68	$6.18	-7.5%
Performance for month	5.70%	4.75%
Performance year-to-date	4.49%	-1.48%

 

Net Assets at Month-End ($millions)
Total	$1,422.1
Equities	$1,402.2
Percent Invested	98.6%
Sector Breakdown (% of equity portfolio)*
Information Technology	23.3%
Financials	15.5%
Consumer Discretionary	14.2%
Health Care	14.0%
Industrials	11.7%
Communication Services	6.4%
Materials	4.3%
Consumer Staples	3.9%
Energy	3.4%
Real Estate	2.7%
Utilities	0.6%
Total Market Value	100.0%

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

New Holdings

Thermo Fisher Scientific, 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 August 31, 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

FAQ

What is the latest NAV for Liberty All-Star Equity Fund (USA)?

As of August 31, 2020, the NAV for Liberty All-Star Equity Fund is $6.68.

What was the performance of Liberty All-Star Equity Fund (USA) in August 2020?

The fund's performance for August 2020 was 5.70%.

What are the top holdings of Liberty All-Star Equity Fund (USA)?

Top holdings include Amazon, Adobe, and PayPal, among others.

What is the year-to-date performance of Liberty All-Star Equity Fund (USA)?

The year-to-date performance for the fund is 4.49%.

How much total net assets does Liberty All-Star Equity Fund (USA) have?

The fund has total net assets of $1,422.1 million.