Welcome to our dedicated page for Liberty All-Star Equity Fund news (Ticker: USA), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Equity Fund stock.
Liberty All-Star Equity Fund (NYSE: USA) is a closed-end fund and an open-end multi-managed fund committed to providing substantial current income and long-term capital appreciation. The fund achieves its objectives by investing primarily in a diversified portfolio of equity securities across various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, real estate, utilities, telecommunication, and other services.
The fund employs a unique investment strategy that combines the expertise of three value-style and two growth-style investment managers. Selected managers are known for their consistent investment philosophy, rigorous decision-making process, steady managerial team, and above-average long-term performance compared to peers with similar styles. This multi-manager approach ensures a balanced and diversified portfolio that mitigates risk while aiming for superior returns.
Recent Holdings Updates:
- January 2024: Added CVS Health Corp. and Quest Diagnostics, Inc.; liquidated SAP SE.
- February 2024: Added Lowe's Companies, Inc., Meta Platforms, Inc., TotalEnergies SE, and Waste Management, Inc.; liquidated Cardinal Health, Inc., General Electric Co., and Phillips 66.
- March 2024: Added Humana, Inc.; no liquidations.
- April 2024: Added American Water Works Co., Inc., Cadence Design Systems, Inc., Shopify, Inc., and Synopsys, Inc.; liquidated Crown Castle, Inc., Eaton Corp. PLC, and NIKE, Inc.
- May 2024: Added Aramark; liquidated Ball Corp., Equinix, Inc., Gildan Activewear, Inc., and Walt Disney Co.
The net asset value (NAV) of the fund is determined by the market value of its underlying investments minus liabilities, divided by the total number of shares outstanding. The fund's market price may trade at a premium or a discount relative to its NAV. Performance returns are total returns, including dividends, net of management fees, and other expenses. It is important to note that past performance is not indicative of future results, and performance may vary with market conditions.
Distributions to shareholders may include ordinary dividends, long-term capital gains, and return of capital. The final determination of the source of distributions for tax purposes will be made after the fiscal year-end. A portion of distributions may consist of a return of capital, which will be confirmed in shareholder 1099-DIV forms after year-end.
Liberty All-Star Equity Fund continuously updates its portfolio to reflect market opportunities and strategic adjustments. Investors considering the fund should be prepared for significant value fluctuations and the associated investment risks.
For more information, you can contact Liberty All-Star Equity Fund at 1-800-241-1850 or visit their website at www.all-starfunds.com.
The Liberty All-Star Equity Fund (NYSE: USA) released its November 2024 monthly update, revealing strong performance metrics. The fund combines three value-style and two growth-style investment managers, with a large-cap core focus. The fund's NAV increased from $7.07 to $7.34, while the market price rose from $7.03 to $7.30. Notable performance includes a 6.38% monthly return on NAV and a 20.39% year-to-date return.
The fund's portfolio, valued at $2,096.4 million, is 99.6% invested in equities. The top three sector allocations are Information Technology (22.5%), Financials (21.3%), and Health Care (14.5%). The top holdings include Microsoft (4.0%), NVIDIA (3.7%), and Amazon (2.7%), with the top 20 holdings comprising 34.5% of the equity portfolio.
The Liberty All-Star Equity Fund (NYSE: USA) released its October 2024 monthly update. The fund, which combines three value-style and two growth-style investment managers, reported a net asset value (NAV) decrease from $7.17 to $7.07, representing a -1.39% monthly performance. The market price declined from $7.10 to $7.03, showing a -0.99% monthly return. Year-to-date performance stands at 13.17% (NAV) and 19.06% (market price). The fund's total net assets were $2,021.2 million, with 97.3% invested in equities. The top three holdings were NVIDIA (3.8%), Microsoft (3.6%), and Alphabet (2.7%).
The Liberty All-Star Equity Fund (NYSE: USA) has announced a $0.18 per share distribution payable on January 2, 2025, to shareholders of record on November 15, 2024. This aligns with the Fund's policy of distributing approximately 10% of net asset value annually in four quarterly installments of 2.5%. The distribution will be paid in newly issued shares, except for non-participants in the Dividend Reinvestment Plan who elect cash payments. The Fund, with over $2.0 billion in net assets as of November 1, 2024, is managed by ALPS Advisors, Inc. and trades on the NYSE under symbol USA.
The Liberty All-Star Equity Fund (NYSE: USA) has released its September 2024 Monthly Update. The fund combines three value-style and two growth-style investment managers, focusing on large-cap core investments. As of September 30, 2024, the fund's net assets totaled $2,048.3 million, with 97.6% invested in equities.
The fund's top 20 holdings, representing 33.1% of the equity portfolio, include major tech companies like Microsoft, NVIDIA, and Amazon. The sector breakdown shows a significant allocation to Information Technology (22.2%) and Financials (20.0%).
Performance-wise, the fund's NAV increased by 0.99% for the month, while its market price rose by 1.72%. Year-to-date, the fund has seen gains of 14.77% in NAV and 20.24% in market price. The fund's discount narrowed from -1.7% to -1.0% during September.
The Liberty All-Star® Equity Fund (NYSE: USA) has released its August 2024 Monthly Update. The fund, which combines three value-style and two growth-style investment managers, reported a net asset value (NAV) of $7.10 and a market price of $6.98 at month-end. The fund's performance for August was 1.43% (NAV) and 2.50% (market price), with year-to-date performance at 13.65% (NAV) and 18.21% (market price). The fund's total net assets stood at $2,030.0 million, with 98.2% invested in equities. The top three holdings were Microsoft Corp. (3.6%), NVIDIA Corp. (3.4%), and Amazon.com, Inc. (2.6%). The fund's sector breakdown showed a focus on Information Technology (22.8%), Financials (20.9%), and Health Care (15.3%).
The Liberty All-Star Equity Fund (NYSE: USA) has released its July 2024 Monthly Update. The fund combines three value-style and two growth-style investment managers, focusing on large-cap core investments. As of July 31, 2024, the fund's net assets totaled $1,977.7 million, with 99.9% invested in equities. The fund's NAV performance for the month was 2.35%, while the market price performance was 2.79%. Year-to-date performance stood at 12.07% for NAV and 15.35% for market price. The fund's top holdings include Microsoft, NVIDIA, and Alphabet, with the Information Technology sector representing 22.5% of the equity portfolio. A distribution of $0.18 per share was made on July 19th.
The Liberty All-Star® Equity Fund (NYSE: USA) has released its June 2024 Monthly Update. The fund combines three value-style and two growth-style investment managers, focusing on large-cap core investments. As of June 30, 2024, the fund's net assets totaled $1,983.3 million, with 97.3% invested in equities.
The fund's NAV increased from $6.88 to $7.02, representing a 2.03% monthly performance. Year-to-date performance stands at 9.50% for NAV and 12.22% for market price. The top holdings include Microsoft, NVIDIA, and Alphabet, with the Information Technology sector dominating at 23.9% of the equity portfolio.
New additions to the portfolio include Apple and GE Aerospace, while American International Group, IQVIA Holdings, and Sherwin-Williams were liquidated.
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) announced a $0.18 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024. This aligns with the Fund's policy of 10% annual net asset value distributions, split into four 2.5% quarterly payments. A portion of this distribution might stem from various sources, including capital gains and return of capital. The precise distribution sources will be determined after year-end for tax purposes.
The distribution will be in newly issued shares, unless shareholders opt to receive cash. The issuance price will be based on the lower of the August 16, 2024, net asset value or market value, but not below 95% of the market value. As of July 5, 2024, the Fund managed over $1.9 billion in net assets. It trades under the ticker symbol 'USA' on the NYSE, and ALPS Advisors, Inc. manages the Fund.
Please note that investing in the Fund carries risks, including potential loss of principal.
The May 2024 update for the Liberty All-Star Equity Fund (NYSE: USA) reveals key performance metrics and portfolio changes. The Fund's NAV increased from $6.69 to $6.88, a gain of 2.84%, while the market price rose from $6.67 to $6.72, a modest 0.75% increase. Year-to-date, the NAV performance stands at 7.31%, and the market price performance is 10.90%. The Fund's net assets total $1,944.1 million, with 98.5% invested in equities. Top holdings include Microsoft, NVIDIA, and Alphabet. Sector allocations feature Information Technology at 21.7% and Financials at 20.9%. The Fund added Aramark and liquidated holdings in Ball Corp, Equinix, Gildan Activewear, and Walt Disney Co.
The Liberty All-Star Equity Fund (NYSE: USA) released its April 2024 monthly update, highlighting its large-cap core fund strategy. The fund combines three value-style and two growth-style investment managers and holds top stocks like Microsoft, Alphabet, and NVIDIA, making up 34.1% of its equity portfolio.
By month's end, the net asset value (NAV) decreased to $6.69 from $7.21, while the market price dropped from $7.15 to $6.67. Performance for the month showed a -4.71% NAV return and a -4.20% market price return. However, the year-to-date performance remains positive at 4.40% NAV and 10.13% market price.
The fund’s sector allocation includes Information Technology (21.6%) and Financials (21.2%), among others. New holdings include American Water Works and Shopify, while liquidated holdings are Crown Castle and Nike.
Total net assets stand at $1,870.3 million with 99.7% invested in equities.
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