Liberty All-Star Equity Fund April 2022 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its April 2022 Monthly Update, reporting a significant decline in performance. The fund's net asset value (NAV) decreased to $6.60, reflecting an 8.53% drop for the month, while the market price fell by 10.65%. Total net assets were recorded at $1,695.3 million, with 100.3% of assets invested. Notable top holdings included Alphabet, Microsoft, and Amazon, which collectively made up 28.6% of the equity portfolio. The fund has introduced a new holding, Ferguson PLC, while liquidating positions in PPG Industries and Quest Diagnostics.

Positive

• Top holdings include major companies like Alphabet, Microsoft, and Amazon, indicating a solid investment strategy.
• The fund employs a diverse investment approach by utilizing both value and growth managers.

Negative

• Performance declined significantly, with a monthly drop of 8.53% and a year-to-date decrease of 15.08%.
• The market price of the fund fell 10.65%, indicating potential challenges in attracting investors.

BOSTON, May 16, 2022 /PRNewswire/ -- Below is the April 2022 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund 
Ticker: USA               
Monthly Update, April, 2022

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:        
            Aristotle Capital Management, LLC 
            Fiduciary Management, Inc.              
            Pzena Investment Management, LLC                       

Growth Managers:
            Sustainable Growth Advisers, LP     
            TCW Investment Management Company

Top 20 Holdings at Month-End

	(28.6% of equity portfolio)
1	Alphabet, Inc.	2.7%
2	Microsoft Corp.	2.2%
3	Amazon.com, Inc.	2.1%
4	Visa, Inc.	1.9%
5	UnitedHealth Group, Inc.	1.9%
6	Danaher Corp.	1.4%
7	S&P Global, Inc.	1.4%
8	Berkshire Hathaway, Inc.	1.3%
9	Sony Group Corp.	1.3%
10	Adobe, Inc.	1.3%
11	salesforce.com, Inc.	1.2%
12	Charles Schwab Corp.	1.2%
13	Fresenius Medical Care AG & Co. KGaA	1.2%
14	Dollar General Corp.	1.2%
15	Booking Holdings, Inc.	1.2%
16	Capital One Financial Corp.	1.1%
17	American International Group, Inc.	1.0%
18	Citigroup, Inc.	1.0%
19	ServiceNow, Inc.	1.0%
20	Masco Corp.	1.0%

 

Holdings are subject to change.

Monthly Performance:        

Performance	NAV	Market Price	Premium
Beginning of month value	$7.41	$8.08	9.0%
Distributions (Ex-Date April 21st)	$0.18	$0.18
End of month value	$6.60	$7.03	6.5%
Performance for month	-8.53%	-10.65%
Performance year-to-date	-15.08%	-11.49%

           

Net Assets at Month-End ($millions)   

Total	$1,695.3
Equities	$1,700.5
Percent Invested	100.3%

 

Sector Breakdown (% of equity portfolio)*                      

Information Technology	19.9%
Financials	18.7%
Health Care	14.4%
Consumer Discretionary	14.3%
Industrials	8.7%
Communication Services	6.4%
Materials	5.3%
Energy	3.7%
Consumer Staples	3.2%
Utilities	2.9%
Real Estate	2.5%
Total Market Value	100.0%

*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings
Ferguson PLC

Holdings Liquidated
PPG Industries, Inc.
Quest Diagnostics, Inc.
RingCentral, Inc.

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.

Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are 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 ordinary dividends, long-term capital gains and return of capital.  The final determination of the source of all distributions in 2022 for tax reporting purposes will be made after year end.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates no portion of the distributions consists of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.                    

All data is as of April 30, 2022 unless otherwise noted.                   

Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com                                      

 

 

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SOURCE Liberty All-Star® Equity Fund

FAQ

What was the performance of Liberty All-Star Equity Fund (USA) in April 2022?

The fund reported a performance decline of 8.53% for the month of April 2022.

What are the top holdings of Liberty All-Star Equity Fund (USA) as of April 2022?

The top holdings include Alphabet, Microsoft, and Amazon, totaling 28.6% of the equity portfolio.

What was the net asset value (NAV) of Liberty All-Star Equity Fund (USA) at the end of April 2022?

The NAV at the end of April 2022 was $6.60.

How much were the total net assets for Liberty All-Star Equity Fund (USA) in April 2022?

The total net assets were $1,695.3 million.

What new holdings were added to Liberty All-Star Equity Fund (USA) in April 2022?

Ferguson PLC was introduced as a new holding.

Which companies did Liberty All-Star Equity Fund (USA) liquidate in April 2022?

The fund liquidated its holdings in PPG Industries, Quest Diagnostics, and RingCentral.