Liberty All-Star Equity Fund May 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its May 2020 monthly update, highlighting a total net asset value of $1,276.1 million. The investment strategy combines five managers focusing on both value and growth styles. Key holdings include Adobe, PayPal, and Amazon, with a total allocation of 33.1% for the top 20 holdings. The fund's net asset value increased from $5.70 to $6.05, while the market price rose from $5.39 to $5.60.

Performance for May was reported at 6.14% (NAV) and 3.90% (market price), though year-to-date figures stand at -7.81% and -13.03%, respectively.

Positive

• Performance for May was 6.14% (NAV) and 3.90% (market price).
• Total net assets increased to $1,276.1 million.
• The fund's net asset value rose from $5.70 to $6.05.

Negative

• Year-to-date performance shows declines of -7.81% (NAV) and -13.03% (market price).

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

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, May, 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  
     Macquarie Investment Management   
     Pzena Investment Management, LLC                       
Growth Managers:
     Sustainable Growth Advisers, LP      
     TCW Investment Management Company     

Top 20 Holdings at Month-End
	(33.1% of equity portfolio)
1	Adobe, Inc.	2.8%
2	PayPal Holdings, Inc.	2.8%
3	Amazon.com, Inc.	2.6%
4	Alphabet, Inc.	2.3%
5	Visa, Inc.	2.2%
6	Microsoft Corp.	2.1%
7	Facebook, Inc.	2.0%
8	salesforce.com, Inc.	1.7%
9	American International Group, Inc.	1.6%
10	Danaher Corp.	1.6%
11	ServiceNow, Inc.	1.3%
12	Illumina, Inc.	1.3%
13	Equinix, Inc.	1.2%
14	American Tower Corp.	1.2%
15	Abbott Laboratories	1.2%
16	IHS Markit, Ltd.	1.1%
17	Capital One Financial Corp.	1.1%
18	Bank of America Corp.	1.0%
19	Cognizant Technology Solutions Corp.	1.0%
20	Autodesk, Inc.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Discount
Beginning of month value	$5.70	$5.39	-5.4%
End of month value	$6.05	$5.60	-7.4%
Performance for month	6.14%	3.90%
Performance year-to-date	-7.81%	-13.03%

       

Net Assets at Month-End ($millions)
Total	$1,276.1
Equities	$1,267.3
Percent Invested	99.3%

                   

Sector Breakdown (% of equity portfolio)*
Information Technology	25.0%
Health Care	15.8%
Financials	15.0%
Consumer Discretionary	11.9%
Industrials	8.7%
Communication Services	7.7%
Energy	4.3%
Materials	3.9%
Real Estate	3.5%
Consumer Staples	3.4%
Utilities	0.8%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Ball Corp.
NRG Energy, Inc.

Holdings Liquidated
Unilever NV

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 May 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 Equity Fund

FAQ

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

The fund reported a performance of 6.14% for NAV and 3.90% for market price in May 2020.

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

The top holdings include Adobe, PayPal, and Amazon, comprising 33.1% of the equity portfolio.

What is the net asset value of Liberty All-Star Equity Fund (USA) at the end of May 2020?

The net asset value at the end of May 2020 is $1,276.1 million.

How did Liberty All-Star Equity Fund (USA) perform year-to-date as of May 2020?

The fund has a year-to-date performance of -7.81% for NAV and -13.03% for market price.