Liberty All-Star(R) Equity Fund September 2013 Monthly Update
Oct 17, 2013 15:41:03 (ET)
BOSTON, MA, Oct 17, 2013 (Marketwired via COMTEX) -- Below is the September 2013 Monthly Update for the Liberty All-Star(R) Equity Fund.
Liberty All-Star Equity Fund Monthly Update
Ticker: USA September, 2013
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:
Matrix Asset Advisors, Inc.
Pzena Investment Management, LLC
Schneider Capital Management Corporation
Growth Managers:
Cornerstone Capital Management LLC
TCW Investment Management Company
Top 20 Holdings at Month-End
--------------------------------------------------------------
(31.9% of equity portfolio)
(Rank from previous month)
--------------------------------------------------------------
1 QUALCOMM, Inc. (1) 2.6%
2 Google, Inc., Class A (2) 2.5%
3 JPMorgan Chase & Co. (3) 2.2%
4 Schlumberger Ltd. (4) 2.1%
5 Salesforce.com, Inc. (5) 1.8%
6 Citigroup, Inc. (6) 1.7%
7 Bank of America Corp. (7) 1.5%
8 MetLife, Inc. (
1.5%
9 Morgan Stanley (9) 1.5%
10 Starbucks Corp. (20) 1.5%
11 Devon Energy Corp. (11) 1.4%
12 SunTrust Banks, Inc. (10) 1.4%
13 Amazon.com, Inc. (15) 1.4%
14 Microsoft Corp. (13) 1.4%
15 Visa, Inc., Class A (16) 1.3%
16 American International Group, Inc. (12) 1.3%
17 Hewlett-Packard Co. (19) 1.3%
18 Chesapeake Energy Corp. (14) 1.3%
19 TE Connectivity Ltd. (17) 1.1%
20 State Street Corp. (1 1.1%
--------------------------------------------------------------
Holdings are subject to change.
Monthly Performance
----------------------------------------------------------------------------
Performance NAV Market Price Discount
----------------------------------------------------------------------------
Beginning of month value $5.97 $5.38 9.9%
Distributions - -
End of month value $6.20 $5.41 12.7%
Performance for month 3.85% 0.56%
Performance year-to-date 21.52% 18.93%
----------------------------------------------------------------------------
The net asset value (NAV) of a closed-end fund is the market value of the
underlying investments (i.e., stocks and bonds) in the Fund's portfolio,
minus liabilities, divided by the total number of Fund shares outstanding.
However, the Fund also has a market price; the value at which it trades on
an exchange. If the market price is above the NAV the Fund is trading at a
premium. If the market price is below the NAV the Fund is trading at a
discount.
Returns for the Fund are total returns, which include dividends, after
deducting Fund expenses. The Fund's performance is calculated assuming that
a shareholder reinvested all distributions and exercised all primary rights
in the Fund's rights offerings. Past performance cannot predict future
investment results.
Performance will fluctuate with changes in market conditions. Current
performance may be lower or higher than the performance data shown.
Performance information shown does not reflect the deduction of taxes that
shareholders would pay on Fund distributions or the sale of Fund shares.
Shareholders must be willing to tolerate significant fluctuations in the
value of their investment. An investment in the Fund involves risk,
including loss of principal.
Net Assets at Month-End ($millions)
----------------------------------------------------
Total $1,080.9
Equities $1,050.1
Percent Invested 97.2%
----------------------------------------------------
Sector Breakdown (% of equity portfolio)*
----------------------------------------------------------------------------
Financials 24.3%
Information Technology 20.1%
Energy 14.6%
Consumer Discretionary 14.1%
Health Care 10.1%
Industrials 7.9%
Consumer Staples 4.9%
Materials 2.5%
Telecommunication Services 0.9%
Utilities 0.6%
Total Market Value 100.0%
--------------------------------------------------------------
*Based on Standard & Poor's and MSCI Barra Global Industry Classification
Standard (GICS).
New Holdings Holdings Liquidated
------------------------------------- -------------------------------------
Rackspace Hosting, Inc. Burberry Group PLC
Micron Technology, Inc.
The Mosaic Co.
Onyx Pharmaceuticals, Inc.
Contact Information:
Liberty All-Star Equity Fund
1-800-241-1850
www.all-starfunds.com
| 