SOURCE: ALPS Advisors, Inc.

ALPS Advisors, Inc.

September 16, 2013 10:48 ET

Liberty All-Star® Equity Fund August 2013 Monthly Update

BOSTON, MA--(Marketwired - Sep 16, 2013) -  Below is the August 2013 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)

   
  Liberty All-Star Equity Fund   Monthly Update
  Ticker: USA   August, 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
 
   
Monthly Performance  
Performance NAV Market Price Discount
  Beginning of month value $6.11 $5.52 9.7%
  Distributions - -  
  End of month value $5.97 $5.38 9.9%
  Performance for month -2.29% -2.54%  
  Performance year-to-date 17.01% 18.27%  
       
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 $1,119.8    
  Equities $1,101.9    
  Percent Invested 98.4%    
       
   
Top 20 Holdings at Month-End  
  (31.9% of equity portfolio)  
  (Rank from previous month)  
1 QUALCOMM, Inc. (2) 2.6%
2 Google, Inc., Class A (1) 2.5%
3 JPMorgan Chase & Co. (3) 2.2%
4 Schlumberger Ltd. (4) 2.0%
5 Salesforce.com, Inc. (10) 1.8%
6 Citigroup, Inc. (5) 1.7%
7 Bank of America Corp. (6) 1.6%
8 MetLife, Inc. (9) 1.5%
9 Morgan Stanley (11) 1.5%
10 SunTrust Banks, Inc. (8) 1.5%
11 Devon Energy Corp. (15) 1.4%
12 American International Group, Inc. (13) 1.4%
13 Microsoft Corp. (16) 1.4%
14 Chesapeake Energy Corp. (19) 1.3%
15 Amazon.com, Inc. (17) 1.3%
16 Visa, Inc., Class A (14) 1.3%
17 TE Connectivity Ltd. (7) 1.3%
18 State Street Corp. (18) 1.2%
19 Hewlett-Packard Co. (12) 1.2%
20 Starbucks Corp. (23) 1.2%
  Holdings are subject to change.  
     
   
Sector Breakdown (% of equity portfolio)*  
  Financials 24.8%
  Information Technology 20.3%
  Energy 14.5%
  Consumer Discretionary 13.7%
  Health Care 9.3%
  Industrials 7.3%
  Consumer Staples 6.0%
  Materials 2.6%
  Telecommunication Services 0.8%
  Utilities 0.7%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).  
   
   
New Holdings Holdings Liquidated
Capital One Financial Corp. Aetna, Inc.
Dril-Quip, Inc. Dollar General Corp.
First Republic Bank Molson Coors Brewing Co.
McDonald's Corp. NetApp, Inc.
News Corp. Rockwell Automation, Inc.
Onyx Pharmaceuticals, Inc.  
PulteGroup, Inc.  
PVH Corp.  
TRW Automotive Holdings Corp.  
   

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