Liberty All-Star® Equity Fund January 2019 Monthly Update
16 Fevereiro 2019 - 07:31PM
Below is the January 2019 Monthly Update for the Liberty All-Star®
Equity Fund. (NYSE: USA)
Liberty
All-Star Equity Fund |
Monthly Update |
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Ticker: USA |
January, 2019 |
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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 |
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investment
managers. Those selected demonstrate a consistent |
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investment
philosophy, decision making process, continuity of key |
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people and
above-average long-term results compared to managers |
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with
similar styles. |
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Investment Managers: |
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Value
Managers: |
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Aristotle
Capital Management, LLC |
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Macquarie
Investment Management |
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Pzena
Investment Management, LLC |
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Growth
Managers: |
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Sustainable
Growth Advisers, LP |
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TCW
Investment Management Company |
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Top 20 Holdings at Month-End |
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(30.6% of equity
portfolio) |
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1 |
Amazon.com, Inc. |
2.3% |
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2 |
Adobe,
Inc. |
2.2% |
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3 |
Visa,
Inc. |
2.1% |
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4 |
Alphabet,
Inc. |
2.1% |
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5 |
salesforce.com, Inc. |
1.9% |
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6 |
Mondelez
International, Inc. |
1.8% |
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7 |
Facebook,
Inc. |
1.7% |
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8 |
Microsoft
Corp. |
1.6% |
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9 |
Abbott
Laboratories |
1.5% |
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10 |
PayPal
Holdings, Inc. |
1.4% |
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11 |
Equinix,
Inc. |
1.3% |
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12 |
Bank of
America Corp. |
1.3% |
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13 |
Halliburton Co. |
1.3% |
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14 |
American
International Group, Inc. |
1.3% |
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15 |
Oracle
Corp. |
1.2% |
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16 |
Lowe's
Cos., Inc. |
1.2% |
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17 |
Home
Depot, Inc. |
1.2% |
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18 |
Booking
Holdings, Inc. |
1.1% |
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19 |
Capital
One Financial Corp. |
1.1% |
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20 |
American
Tower Corp. |
1.0% |
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Holdings
are subject to change. |
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Monthly Performance |
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Performance |
NAV |
Market Price |
Discount |
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Beginning of month value |
$5.89 |
$5.38 |
-8.7% |
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Distributions (Ex-Date January 24) |
$0.15 |
$0.15 |
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End of month value |
$6.27 |
$5.90 |
-5.9% |
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Performance for month |
9.16% |
12.45% |
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Performance year-to-date |
9.16% |
12.45% |
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Net Assets at Month-End ($millions) |
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Total |
$1,259.0 |
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Equities |
$1,262.6 |
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Percent Invested |
100.3% |
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Sector Breakdown (% of equity portfolio)* |
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Information Technology |
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20.6% |
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Financials |
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16.1% |
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Health Care |
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15.9% |
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Consumer Discretionary |
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12.6% |
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Communication Services |
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7.5% |
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Industrials |
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7.2% |
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Consumer Staples |
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6.0% |
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Energy |
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5.9% |
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Real Estate |
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3.7% |
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Materials |
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3.0% |
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Utilities |
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1.5% |
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Total Market Value |
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100.0% |
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*Based
on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS). |
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New Holdings |
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Holdings Liquidated |
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Broadcom
Ltd. |
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AbbVie,
Inc. |
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Tyson
Foods, Inc. |
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Celgene
Corp. |
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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. 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. Sources of distributions to shareholders may include
ordinary dividends, long-term capital gains and return of
capital. The final determination of the source of all
distributions in 2019 for tax reporting purposes will be made after
year end. The actual amounts and sources of the amounts for
tax reporting purposes will depend upon the Fund’s investment
experience during its fiscal year and may be subject to changes
based on tax regulations. If a distribution includes anything other
than net investment income, the Fund provides a Section 19(a)
notice of the best estimate of its distribution sources at that
time. These estimates may not match the final tax characterization
(for the full year’s distributions) contained in shareholder
1099-DIV forms after the end of the year.
Contact info: Liberty All-Star® Equity
Fund1-800-241-1850www.all-starfunds.com
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