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| Fund Data |
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Fund Type
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Closed-End
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Expense Ratio (as of 6/30/08)
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0.99%
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Shares Outstanding
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178,677,459
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Inception Date
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October 31, 1986
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Distribution Frequency
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Quarterly
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Tax ID
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04-2935840
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Cusip
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530158104
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Ticker Symbols
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Market Price: USA
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Net Asset Value: XUSAX
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| Portfolio Management |
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| Fund Structure |
| Matrix Asset Advisors, Inc. | Value | David A. Katz, CFA |
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| Pzena Investment Management, LLC | Value | Antonio DeSpirito III |
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| Schneider Capital Management | Value | Arnold C. Schneider III, CFA |
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| Chase Investment Counsel Corp. | Growth | David B. Scott, CFA, CIC |
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| TCW Investment Management Company | Growth | Craig C. Blum, CFA |
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| 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. |
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| 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 Advisers, Inc., the Fund's investment adviser. |
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| Distribution Policy |
The current policy, in effect since 1988, is to pay distributions on its common shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5% 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 required by the 10 percent pay-out policy exceed the Fund's net investment income and net realized capital gains, the excess will generally be treated as 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 required to be distributed under the 10 percent pay-out 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.
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| Contact Information |
800.LIB.FUND | 800.542.3863 |
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