BOSTON, MA--(Marketwired - Sep 16, 2013) - Below is the August 2013 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)
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| Liberty All-Star Equity Fund |
Monthly Update |
| Ticker: USA |
August, 2013 |
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| Investment Approach |
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| Fund Style: Large-Cap Core |
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| 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. |
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| Investment |
| Managers: Value Managers: |
| Matrix Asset Advisors, Inc. |
| Pzena Investment Management, LLC |
| Schneider Capital Management Corporation |
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| Growth Managers: |
| Cornerstone Capital Management LLC |
| TCW Investment Management Company |
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| Monthly Performance |
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| Performance |
NAV |
Market Price |
Discount |
| Beginning of month value |
$6.11 |
$5.52 |
9.7% |
| Distributions |
- |
- |
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| End of month value |
$5.97 |
$5.38 |
9.9% |
| Performance for month |
-2.29% |
-2.54% |
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| Performance year-to-date |
17.01% |
18.27% |
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| The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount. |
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| Returns for the Fund are total returns, which include dividends, after deducting Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings. Past performance cannot predict future investment results. |
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| Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal. |
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| Net Assets at Month-End ($millions) |
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| Total | $1,119.8 |
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| Equities |
$1,101.9 |
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| Percent Invested |
98.4% |
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| Top 20 Holdings at Month-End |
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(31.9% of equity portfolio) |
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(Rank from previous month) |
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| 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% |
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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% |
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Holdings are subject to change. | |
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| Sector Breakdown (% of equity portfolio)* |
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| 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). |
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| 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. |
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| PulteGroup, Inc. |
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| PVH Corp. |
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| TRW Automotive Holdings Corp. |
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Contact Information:
Contact Information:
Liberty All-Star Equity Fund
1-800-241-1850
www.all-starfunds.com