Liberty All-Star Equity Fund June 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its June 2020 Monthly Update. The fund follows a large-cap core investment strategy, utilizing a mix of value and growth managers. As of June 30, 2020, total net assets were $1,314.7 million, with 96.5% invested in equities. The fund's top holdings include Adobe, PayPal, and Amazon, comprising 33.9% of the equity portfolio. The NAV rose 2.15% in June, while the market price increased 2.14%. Year-to-date performance shows a decline of -5.83% for NAV and -11.17% for market price.

Positive

• NAV increased by 2.15% in June 2020.
• Top holdings include high-performing companies like Adobe and Amazon.
• Fund maintains 96.5% of total assets invested in equities.

Negative

• Year-to-date performance shows a decline of -5.83% for NAV.
• The market price has dropped -11.17% year-to-date.

BOSTON, July 15, 2020 /PRNewswire/ -- Below is the June 2020 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, June, 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
	(33.9% of equity portfolio)
1	Adobe, Inc.	2.8%
2	PayPal Holdings, Inc.	2.7%
3	Amazon.com, Inc.	2.7%
4	Alphabet, Inc.	2.1%
5	Microsoft Corp.	2.1%
6	Visa, Inc.	2.0%
7	Facebook, Inc.	1.9%
8	salesforce.com, Inc.	1.8%
9	Danaher Corp.	1.6%
10	UnitedHealth Group, Inc.	1.6%
11	JPMorgan Chase & Co.	1.5%
12	Chubb, Ltd.	1.4%
13	Sony Corp.	1.3%
14	ServiceNow, Inc.	1.3%
15	Equinix, Inc.	1.3%
16	IHS Markit, Ltd.	1.2%
17	Illumina, Inc.	1.2%
18	Berkshire Hathaway, Inc.	1.2%
19	American Tower Corp.	1.1%
20	American International Group, Inc.	1.1%

Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Discount
Beginning of month value	$6.05	$5.60	-7.4%
End of month value	$6.18	$5.72	-7.4%
Performance for month	2.15%	2.14%
Performance year-to-date	-5.83%	-11.17%

 

Net Assets at Month-End ($millions)
Total	$1,314.7
Equities	$1,268.4
Percent Invested	96.5%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.4%
Financials	16.3%
Health Care	14.6%
Consumer Discretionary	13.8%
Industrials	11.7%
Communication Services	6.2%
Materials	4.2%
Energy	3.8%
Consumer Staples	3.5%
Real Estate	2.9%
Utilities	0.6%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
The PNC Financial Services Group, Inc.
Union Pacific Corp.

Holdings Liquidated
KKR & 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.

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 June 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

FAQ

What is the NAV of the Liberty All-Star Equity Fund (USA) as of June 2020?

The NAV of the Liberty All-Star Equity Fund (USA) as of June 30, 2020, was $6.18.

How did the Liberty All-Star Equity Fund (USA) perform in June 2020?

In June 2020, the Liberty All-Star Equity Fund (USA) had a NAV increase of 2.15%.

What are the top holdings of the Liberty All-Star Equity Fund (USA) as of June 2020?

The top holdings include Adobe (2.8%), PayPal (2.7%), and Amazon (2.7%).

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

Year-to-date performance shows a decline of -5.83% for NAV and -11.17% for market price.

What is the total net asset value of the Liberty All-Star Equity Fund (USA)?

The total net asset value of the Liberty All-Star Equity Fund (USA) is $1,314.7 million.