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CST: 20/07/2019 15:11:25   

Liberty All-Star® Equity Fund May 2019 Monthly Update

31 Days ago

BOSTON, June 19, 2019 (GLOBE NEWSWIRE) -- Below is the May 2019 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA   
Monthly Update, May, 2019 

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
    (31.9% of equity portfolio)    
1   Visa, Inc.   2.4%
2   PayPal Holdings, Inc.   2.3%
3   Amazon.com, Inc.   2.3%
4   Adobe, Inc.   2.3%
5   Alphabet, Inc.   2.0%
6   Microsoft Corp.   1.9%
7   salesforce.com, Inc.   1.9%
8   Facebook, Inc.   1.7%
9   Equinix, Inc.   1.5%
10   American International Group, Inc.   1.5%
11   Abbott Laboratories   1.5%
12   Mondelez International, Inc.   1.4%
13   American Tower Corp.   1.2%
14   Bank of America Corp.   1.2%
15   Danaher Corp.   1.2%
16   Home Depot, Inc.   1.2%
17   Capital One Financial Corp.   1.1%
18   ServiceNow, Inc.   1.1%
19   Halliburton Co.   1.1%
20   Edison International   1.1%
Holdings are subject to change.


Monthly Performance:
Performance     NAV     Market Price     Discount
Beginning of month value     $6.67     $6.32     -5.2%
End of month value     $6.23     $5.95     -4.5%
Performance for month     -6.60%     -5.85%      
Performance year-to-date     11.37%     16.45%      
                   

 

Net Assets at Month-End ($millions)  
Total $ 1,262.7
Equities $ 1,270.9
Percent Invested   100.7%
   
Sector Breakdown (% of equity portfolio)*  
Information Technology   21.7%
Financials   16.2%
Health Care   15.3%
Consumer Discretionary   12.7%
Industrials   7.7%
Communication Services   7.3%
Consumer Staples   5.6%
Energy   5.0%
Real Estate   4.1%
Materials   3.1%
Utilities   1.3%
Total Market Value   100.0%

*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
ASML Holding N.V.

Holdings Liquidated
Dover Corp.

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 May 31, 2019 unless otherwise noted.

Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com 

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