Welcome!

News Feed Item

Liberty All-Star(R) Equity Fund April 2014 Monthly Update

BOSTON, MA -- (Marketwired) -- 05/16/14 -- Below is the April 2014 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund                                  Monthly Update
  Ticker: USA                                                    April, 2014

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 Corp.

Growth Managers:
Cornerstone Capital Management LLC
TCW Investment Management Company


Top 20 Holdings at Month-End
----------------------------------------------------------------------------
     (31.1% of equity portfolio)
                                          (Rank from previous month)
----------------------------------------------------------------------------
   1 Schlumberger Ltd. (3)                                              2.3%
   2 JPMorgan Chase & Co. (2)                                           2.2%
   3 Google, Inc. (1)                                                   2.2%
   4 Salesforce.com, Inc. (4)                                           1.8%
----
   5 Hewlett-Packard Co. (6)                                            1.7%
   6 Citigroup, Inc. (7)                                                1.7%
   7 Bank of America Corp. (5)                                          1.6%
   8 SunTrust Banks, Inc. (8)                                           1.5%
----
   9 Visa, Inc., Class A (13)                                           1.5%
  10 Weatherford International Ltd. (19)                                1.5%
  11 MetLife, Inc. (10)                                                 1.4%
  12 QUALCOMM, Inc. (12)                                                1.4%
----
  13 Starbucks Corp. (11)                                               1.4%
  14 Amazon.com, Inc. (9)                                               1.4%
  15 American International Group, Inc. (15)                            1.3%
  16 Devon Energy Corp. (14)                                            1.3%
----
  17 State Street Corp. (16)                                            1.3%
  18 Precision Castparts Corp. (18)                                     1.3%
  19 Microsoft Corp. (17)                                               1.2%
  20 TE Connectivity Ltd. (20)                                          1.1%
     -----------------------------------------------------------------------
     Holdings are subject to change.


Monthly Performance
----------------------------------------------------------------------------
Performance                                      NAV   Market Price Discount
----------------------------------------------------------------------------
  Beginning of month value                      $6.67      $5.88      11.8%
----------------------------------------------------------------------------
  Distributions (Ex-Date April 30)              $0.10      $0.10
----------------------------------------------------------------------------
  End of month value                            $6.52      $5.76      11.7%
----------------------------------------------------------------------------
  Performance for month                        -0.55%     -0.34%
----------------------------------------------------------------------------
  Performance year-to-date                      0.55%     -0.16%
----------------------------------------------------------------------------

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. Performance
returns are net of 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. Sources of distributions to shareholders may
include ordinary dividends, long-term capital gains and return of capital.
The actual amounts and sources of the amounts for tax reporting purposes
will depend upon the Fund's investment experience during the remainder of
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
shareholders' 1099-DIV forms after the end of the year.

Net Assets at Month-End ($millions)
----------------------------------------------------------------------------
  Total                                                 $1,149.7
----------------------------------------------------------------------------
  Equities                                              $1,136.7
----------------------------------------------------------------------------
  Percent Invested                                      98.9%
----------------------------------------------------------------------------


Sector Breakdown (% of equity portfolio)*
----------------------------------------------------------------------------
  Financials                                            27.8%
----------------------------------------------------------------------------
  Information Technology                                17.3%
----------------------------------------------------------------------------
  Consumer Discretionary                                15.8%
----------------------------------------------------------------------------
  Energy                                                15.3%
----------------------------------------------------------------------------
  Health Care                                           10.4%
----------------------------------------------------------------------------
  Industrials                                           6.7%
----------------------------------------------------------------------------
  Consumer Staples                                      4.8%
----------------------------------------------------------------------------
  Materials                                             1.3%
----------------------------------------------------------------------------
  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
----------------------------------------        ----------------------------
Chipotle Mexican Grill, Inc., Class A           Edwards Lifesciences Corp.
                                                LG Display Co. Ltd.
                                                Silver Wheaton Corp.

Contact Information:
Liberty All-Star Equity Fund
1-800-241-1850
www.all-starfunds.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Zerto will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clou...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.