How to Invest in Liberty Mutual Funds

For more than two decades, Liberty All-Star Funds have been available to investors. These funds employ multi-management, allocating assets to a number of independent investment managers with varied styles of investing. The Liberty All-Star mutual funds allow investment managers to invest for the fund; each manager is allocated a specific portion of the fund's assets. This fund management strategy seeks a higher level of return consistency.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• Internet access
• Money to invest

Get to Know Liberty Mutual Funds

1. Understand the Liberty All-Star Equity Fund. This fund strives for capital appreciation on a long-term basis, as well as current income. No less than 80 percent of the fund's net assets are invested in diverse equity securities.

2. Know that the Liberty All-Star Growth Fund targets the long-term growth of capital. Its primary investment is equity securities.

3. Recognize that both funds allocate assets to different investment managers, in equal amounts.

4. Understand that the Liberty All-Star Equity fund and the All-Star Growth Fund are both closed-end funds. You cannot invest in these funds in the same manner as you would buy shares of another mutual fund. Instead, you must purchase shares on the open market, like stocks.

Purchasing Funds

5. Realize that these funds are traded just like other stocks, according to supply and demand.

6. Request a literature pack for written information about Liberty mutual funds before you decide to invest; prospectuses are not available.

7. Download reports, fact sheets, brochures and monthly updates at All-StarFunds.com. You'll need Adobe Acrobat Reader to view these documents.

8. Check Liberty All-Star fund net asset values at All-StarFunds.com. They are updated daily.

9. Contact a financial adviser, broker or investment service capable of helping you to purchase stocks, then make your initial purchase.

Tips & Warnings

• The multi-management strategy is used by many large institutions in managing assets for pension and endowment plans.
• After you invest in a Liberty All-Star fund for the first time, you may choose to transfer your shares to Computershare. Computershare is the transfer agent for both funds. Once the transfer is complete, you can buy and sell shares through the transfer agent.
• Closed-end mutual funds allow you the opportunity to benefit from professional management, as well as significantly lower expenses.
• Once you register with Computershare, you have the option of enrolling in an automatic dividend reinvestment plan, allowing you to reinvest quarterly dividends.