Liberty All-Star Equity Fund September 2020 Monthly Update

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

(PRNewsfoto/All-Star Funds)

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                                        

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/liberty-all-star-equity-fund-september-2020-monthly-update-301153539.html

SOURCE Liberty All-Star Funds

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.