Liberty All-Star Equity Fund - Fund Facts


Ticker Symbols Market Price: USA
Net Asset Value: XUSAX
Fund Type Closed-End
Fund Style Large-Cap Core
Expense Ratio 1.03%
Shares Outstanding 182,754,403
Inception Date October 31, 1986
Distribution Frequency Quarterly
Tax ID 04-2935840
Cusip 530158104


Fund Structure

Aristotle Capital Management, LLC | Value | Howard Gleicher, CFA

Macquarie Investment Management | Value | D. Tysen Nutt, Jr.

Pzena Investment Management, LLC | Value | Richard S. Pzena, John J. Flynn, & Benjamin S. Silver, CFA

Sustainable Growth Advisers, LP | Growth | George Fraise, Robert Rohn & Gordon Marchand, CFA

TCW Investment Management Company | Growth | Craig C. Blum, CFA

Fund Objective

To seek total investment return, comprised of long-term capital appreciation and current income, through investment of at least 80% of its net assets in a diversified portfolio of equity securities.

Fund Strategy

Multi-managed fund that allocates its portfolio assets on an approximately equal basis among several independent investment management organizations (currently five in number) having different investment styles recommended and monitored by ALPS Advisors, Inc., the Fund's investment advisor.

Distribution Policy

Liberty All-Star Equity Fund, Inc.'s current policy, is to pay distributions on its common shares totaling approximately 8 percent of its net asset value per year, payable in four quarterly installments of 2 percent of the Fund's net asset value at the close of the New York Stock Exchange on the Friday prior to each quarterly declaration date. The fixed distributions are not related to the amount of the Fund's net investment income or net realized capital gains or losses and may be taxed as ordinary income up to the amount of the Fund's current and accumulated earnings and profits.

If, for any calendar year, the total distributions made under the distribution policy exceed the Fund's net investment income and net realized capital gains, the excess will generally be treated as a non-taxable return of capital, reducing the shareholder's adjusted basis in his or her shares.

If the Fund's net investment income and net realized capital gains for any year exceed the amount distributed under the distribution policy, the Fund may, in its discretion, retain and not distribute net realized capital gains and pay income tax thereon to the extent of such excess. The Fund retained such excess gains in 1993, 1996 and 1997.

Contact Information 1.800.241.1850