Liberty All-Star Equity Fund October 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its October 2020 update, highlighting that the fund employs a large-cap core investment strategy with a blend of value and growth managers. As of the end of October, the net assets totaled $1,382.7 million, with 97.3% of these being invested in equities. The fund's NAV decreased slightly from $6.46 to $6.43, reflecting a monthly performance of -0.46%. The top holdings include Amazon (2.6%) and PayPal (2.2%), with a sector allocation favoring Information Technology (22.1%).

Investors are advised to note potential risks and fluctuations associated with their investments.

Positive

• Net assets increased to $1,382.7 million.
• 97.3% of total assets allocated to equities.
• Top holdings include major companies like Amazon and PayPal.

Negative

• NAV decreased from $6.46 to $6.43.
• Monthly performance down by -0.46%.

BOSTON, Nov. 12, 2020 /PRNewswire/ -- Below is the October 2020 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, October, 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
	(32.8% of equity portfolio)
1	Amazon.com, Inc.	2.6%
2	PayPal Holdings, Inc.	2.2%
3	Adobe, Inc.	2.2%
4	Alphabet, Inc.	2.2%
5	Facebook, Inc.	2.1%
6	Visa, Inc.	2.0%
7	Danaher Corp.	1.9%
8	Microsoft Corp.	1.9%
9	salesforce.com, Inc.	1.8%
10	UnitedHealth Group, Inc.	1.6%
11	Sony Corp.	1.5%
12	JPMorgan Chase & Co.	1.4%
13	ServiceNow, Inc.	1.4%
14	Berkshire Hathaway, Inc.	1.3%
15	Chubb, Ltd.	1.3%
16	IHS Markit, Ltd.	1.2%
17	Equinix, Inc.	1.2%
18	Capital One Financial Corp.	1.0%
19	Masco Corp.	1.0%
20	Dollar General Corp.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Discount
Beginning of month value	$6.46	$6.01	-7.0%
End of month value	$6.43	$5.80	-9.8%
Performance for month	-0.46%	-3.49%
Performance year-to-date	0.58%	-7.54%

           

Net Assets at Month-End ($millions)
Total	$1,382.7
Equities	$1,345.4
Percent Invested	97.3%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.1%
Financials	15.7%
Health Care	14.8%
Consumer Discretionary	14.2%
Industrials	12.1%
Communication Services	6.3%
Materials	4.6%
Consumer Staples	3.7%
Energy	3.1%
Real Estate	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
Edison International
Micron Technology, Inc.

Holdings Liquidated
Stanley Black & Decker, 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 October 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 performance of the Liberty All-Star Equity Fund (USA) as of October 2020?

The fund's performance for October 2020 was -0.46%, with the NAV decreasing from $6.46 to $6.43.

How much are the net assets of Liberty All-Star Equity Fund (USA) as of October 2020?

The net assets totaled $1,382.7 million as of October 31, 2020.

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

The top holdings include Amazon (2.6%), PayPal (2.2%), and Adobe (2.2%).

What sectors does Liberty All-Star Equity Fund (USA) primarily invest in?

As of October 2020, the largest sector allocation is Information Technology at 22.1%.

How much of Liberty All-Star Equity Fund (USA) is invested in equities?

The fund is 97.3% invested in equities as of October 31, 2020.