Liberty All-Star Equity Fund September 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its September 2020 monthly update, reporting a net asset value (NAV) decline of -3.29% for the month, down to $6.46, while market price fell to $6.01, a -2.75% decrease. Total net assets were $1,389.8 million, with 97.7% invested in equities. The fund's top holdings include Amazon (2.7%) and Adobe (2.4%), reflecting a diversified investment strategy combining value and growth managers. Year-to-date performance shows a modest gain of 1.04%. The update highlights potential fluctuations in market conditions impacting future performance.

Positive

• Year-to-date performance increased by 1.04%.
• Total net assets stood at $1,389.8 million, indicating strong capital backing.
• Diversified portfolio featuring significant holdings in major firms like Amazon and Adobe.

Negative

• Monthly performance declined by -3.29%.
• Net asset value (NAV) decreased from $6.68 to $6.46, reflecting negative market trends.
• Market price dropped from $6.18 to $6.01, demonstrating a -7.0% discount.

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

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, September, 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.	2.7%
2	Adobe, Inc.	2.4%
3	PayPal Holdings, Inc.	2.4%
4	Visa, Inc.	2.1%
5	Facebook, Inc.	2.0%
6	Microsoft Corp.	2.0%
7	Alphabet, Inc.	1.9%
8	salesforce.com, Inc.	1.8%
9	Danaher Corp.	1.8%
10	UnitedHealth Group, Inc.	1.6%
11	ServiceNow, Inc.	1.4%
12	JPMorgan Chase & Co.	1.4%
13	Sony Corp.	1.3%
14	Berkshire Hathaway, Inc.	1.3%
15	Equinix, Inc.	1.3%
16	IHS Markit, Ltd.	1.2%
17	Chubb, Ltd.	1.1%
18	Capital One Financial Corp.	1.1%
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	$6.68	$6.18	-7.5%
End of month value	$6.46	$6.01	-7.0%
Performance for month	-3.29%	-2.75%
Performance year-to-date	1.04%	-4.19%

           

Net Assets at Month-End ($millions)
Total	$1,389.8
Equities	$1,357.5
Percent Invested	97.7%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.7%
Financials	15.4%
Health Care	14.7%
Consumer Discretionary	14.3%
Industrials	12.1%
Communication Services	6.1%
Materials	4.5%
Consumer Staples	4.0%
Energy	3.0%
Real Estate	2.7%
Utilities	0.5%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
IQVIA Holdings, Inc.
Snowflake, 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 September 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 was the performance of Liberty All-Star Equity Fund (USA) in September 2020?

The fund reported a monthly performance decline of -3.29%.

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

The top holdings include Amazon (2.7%), Adobe (2.4%), and PayPal (2.4%).

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

As of September 30, 2020, the NAV is $6.46.

How much has the Liberty All-Star Equity Fund (USA) gained year-to-date?

The fund has a year-to-date performance gain of 1.04%.

What is the market price for Liberty All-Star Equity Fund (USA) as of September 2020?

The market price at the end of September 2020 was $6.01.