Liberty All-Star Equity Fund August 2022 Monthly Update
The Liberty All-Star Equity Fund (NYSE: USA) released its August 2022 Monthly Update, showcasing a 4.55% decline in performance for the month and a 19.72% year-to-date decrease. The fund's total net assets stand at $1.597 billion, with 98.7% invested in equities. Top holdings include Alphabet (2.9%), Microsoft (2.5%), and Amazon (2.4%). The fund employs a mixed investment strategy utilizing five different managers. The value at the beginning of the month was $6.37, ending at $6.08.
- Top holdings include industry leaders such as Alphabet, Microsoft, and Amazon, which may provide stability.
- The fund utilizes a combination of value and growth-style managers, suggesting a diversified investment strategy.
- Performance declined by 4.55% in August, indicating potential challenges.
- Year-to-date performance is down 19.72%, raising concerns about overall fund management effectiveness.
- Net asset value decreased from $6.37 to $6.08, reflecting a downward trend.
BOSTON, Sept. 16, 2022 /PRNewswire/ -- Below is the August 2022 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, August, 2022
Investment Approach:
Fund Style: Large-Cap Core
Fund Strategy: Combines three value-style and two growth-style investment managers. Those selected demonstrate a consistent investment philosophy, decision making process, continuity of key people and above-average long-term results compared to managers with similar styles.
Investment Managers:
Value Managers:
Aristotle Capital Management, LLC
Fiduciary Management, Inc.
Pzena Investment Management, LLC
Growth Managers:
Sustainable Growth Advisers, LP
TCW Investment Management Company
Top 20 Holdings at Month-End | ||
( | ||
1 | Alphabet, Inc. | 2.9 % |
2 | Microsoft Corp. | 2.5 % |
3 | Amazon.com, Inc. | 2.4 % |
4 | Visa, Inc. | 1.9 % |
5 | UnitedHealth Group, Inc. | 1.8 % |
6 | Adobe, Inc. | 1.6 % |
7 | Charles Schwab Corp. | 1.5 % |
8 | S&P Global, Inc. | 1.5 % |
9 | Danaher Corp. | 1.5 % |
10 | Salesforce, Inc. | 1.3 % |
11 | Sony Group Corp. | 1.3 % |
12 | Capital One Financial Corp. | 1.3 % |
13 | Autodesk, Inc. | 1.2 % |
14 | Booking Holdings, Inc. | 1.2 % |
15 | Dollar General Corp. | 1.2 % |
16 | Berkshire Hathaway, Inc. | 1.2 % |
17 | Ecolab, Inc. | 1.2 % |
18 | General Electric Co. | 1.2 % |
19 | IQVIA Holdings, Inc. | 1.1 % |
20 | Lear Corp. | 1.0 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Premium |
Beginning of month value | 6.4 % | ||
End of month value | 4.1 % | ||
Performance for month | -4.55 % | -6.64 % | |
Performance year-to-date | -19.72 % | -18.22 % | |
Net Assets at Month-End ($millions) | |
Total | |
Equities | |
Percent Invested | 98.7 % |
Sector Breakdown (% of equity portfolio)* | |
Information Technology | 21.6 % |
Financials | 18.9 % |
Consumer Discretionary | 15.2 % |
Health Care | 13.5 % |
Industrials | 8.6 % |
Materials | 5.8 % |
Communication Services | 5.0 % |
Consumer Staples | 3.2 % |
Energy | 2.9 % |
Utilities | 2.9 % |
Real Estate | 2.4 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). |
New Holdings
None
Holdings Liquidated
Elanco Animal Health, Inc.
Sun Communities, 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 a portion of the distributions consist 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 August 31, 2022 unless otherwise noted.
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-all-star-equity-fund-august-2022-monthly-update-301626259.html
SOURCE Liberty All-Star® Equity Fund
FAQ
What was the performance of Liberty All-Star Equity Fund in August 2022?
How has the Liberty All-Star Equity Fund performed year-to-date?
What is the current net asset value of the Liberty All-Star Equity Fund?
What are the top holdings of the Liberty All-Star Equity Fund?
What is the investment strategy of the Liberty All-Star Equity Fund?
