Click here to close now.




















Welcome!

News Feed Item

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

BOSTON, MA -- (Marketwired) -- 08/15/14 --


Below is the July 2014 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund                                  Monthly Update
    Ticker: USA                                                   July, 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 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 Google, Inc. (1)                                                   2.4%
   2 JPMorgan Chase & Co. (3)                                           2.3%
   3 Schlumberger Ltd. (2)                                              2.2%
   4 Salesforce.com, Inc. (4)                                           1.9%
   5 Citigroup, Inc. (6)                                                1.7%
   6 Hewlett-Packard Co. (8)                                            1.7%
   7 Bank of America Corp. (5)                                          1.7%
   8 Starbucks Corp. (7)                                                1.7%
   9 Visa, Inc., Class A (9)                                            1.6%
  10 SunTrust Banks, Inc. (10)                                          1.5%
  11 Weatherford International Ltd. (11)                                1.5%
  12 State Street Corp. (16)                                            1.4%
  13 MetLife, Inc. (12)                                                 1.4%
  14 American International Group, Inc. (13)                            1.4%
  15 Amazon.com, Inc. (17)                                              1.3%
  16 Devon Energy Corp. (15)                                            1.3%
  17 QUALCOMM, Inc. (14)                                                1.3%
  18 Precision Castparts Corp. (18)                                     1.3%
  19 Microsoft Corp. (19)                                               1.2%
  20 Marriott International, Inc., Class A (21)                         1.1%
----------------------------------------------------------------------------
     Holdings are subject to change.

Monthly Performance
---------------------------------------------------------------------------
Performance                                 NAV    Market Price  Discount
---------------------------------------------------------------------------
  Beginning of month value                 $6.85       $6.01       12.3%
  Distributions (Ex-Date July 30)          $0.10       $0.10
  End of month value                       $6.59       $5.79       12.1%
  Performance for month                   -2.13%      -2.00%
  Performance year-to-date                 3.35%       2.06%
---------------------------------------------------------------------------

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. 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 net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. Based on current estimates, the distribution will be paid from short-term capital gains, 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, available at www.all-starfunds.com. 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                 $1,168.1
  Equities              $1,151.5
  Percent Invested      98.6%
---------------------------------------

Sector Breakdown (% of
equity portfolio)*
------------------------------------------------------
  Financials                           27.4%
  Information Technology               18.6%
  Consumer Discretionary               16.5%
  Energy                               14.5%
  Health Care                          11.0%
  Industrials                          6.5%
  Consumer Staples                     4.2%
  Materials                            1.2%
  Utilities                            0.1%
Total Market Value                     100.0%
------------------------------------------------------
*Based on Standard &
Poor's and MSCI Barra
Global Industry
Classification Standard
(GICS).

New Holdings                                          Holdings Liquidated
------------------------                              ----------------------
eBay, Inc.                                            Perrigo Co. PLC
NorthStar Realty Finance
Corp.
Pentair PLC

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
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...