Liberty All-Star Equity Fund December 2021 Monthly Update

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Liberty All-Star Equity Fund (NYSE: USA) provided its December 2021 Monthly Update. The fund employs a large-cap core strategy, blending five investment managers focusing on value and growth styles. As of December 31, 2021, the fund held total net assets of $2,083.6 million, with equities comprising $2,042.8 million and a 98.0% investment rate. The top holdings included Alphabet, Amazon, and Meta Platforms, representing 32.1% of the equity portfolio. Monthly performance reported a 4.06% increase. The fund ended December with a NAV of $8.20 and a market price of $8.38, indicating a 2.2% monthly performance.

Positive

• Net assets totaled $2,083.6 million, indicating strong fund health.
• Monthly performance increased by 4.06%, showing positive growth.
• Top 20 holdings constitute 32.1% of the equity portfolio, demonstrating a diversified investment strategy.

Negative

• No new holdings were added in December.
• Holdings liquidated included Novartis AG and Splunk, Inc.

BOSTON, Jan. 14, 2022 /PRNewswire/ -- Below is the December 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA            
Monthly Update, December, 2021

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
	(32.1% of equity portfolio)
1	Alphabet, Inc.	2.7%
2	Amazon.com, Inc.	2.4%
3	Meta Platforms, Inc.	2.2%
4	UnitedHealth Group, Inc.	2.0%
5	Microsoft Corp.	2.0%
6	Adobe, Inc.	1.8%
7	Visa, Inc.	1.7%
8	PayPal Holdings, Inc.	1.7%
9	Sony Group Corp.	1.7%
10	Danaher Corp.	1.6%
11	salesforce.com, Inc.	1.5%
12	Berkshire Hathaway, Inc.	1.4%
13	Charles Schwab Corp.	1.3%
14	NVIDIA Corp.	1.2%
15	Masco Corp.	1.2%
16	ServiceNow, Inc.	1.2%
17	IHS Markit, Ltd.	1.2%
18	JPMorgan Chase & Co.	1.1%
19	Capital One Financial Corp.	1.1%
20	Netflix, Inc.	1.1%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$7.88	$8.22	4.3%
End of month value	$8.20	$8.38	2.2%
Performance for month	4.06%	1.95%
Performance year-to-date	23.95%	35.30%

           

Net Assets at Month-End ($millions)
Total	$2,083.6
Equities	$2,042.8
Percent Invested	98.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	21.1%
Financials	16.6%
Health Care	14.5%
Consumer Discretionary	13.8%
Industrials	9.7%
Communication Services	8.8%
Materials	4.4%
Energy	3.5%
Consumer Staples	3.2%
Real Estate	2.8%
Utilities	1.6%
Total Market Value	100.0%

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

 

New Holdings
None

Holdings Liquidated
Novartis AG
Splunk, 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 and exercised all primary rights in the Fund's rights offering. 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 2021 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 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 December 31, 2021 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 were the key highlights from the Liberty All-Star Equity Fund's December 2021 update?

The fund's total net assets reached $2,083.6 million, with a monthly performance increase of 4.06%.

What is the investment strategy of the Liberty All-Star Equity Fund (USA)?

The fund utilizes a large-cap core strategy, employing both value and growth investment managers.

What are the top holdings of the Liberty All-Star Equity Fund as of December 2021?

Top holdings included Alphabet, Amazon, and Meta Platforms, making up 32.1% of the equity portfolio.

How did the Liberty All-Star Equity Fund perform in December 2021?

The fund had a monthly performance increase of 4.06% with a NAV of $8.20.

What were the assets allocated in the Liberty All-Star Equity Fund (USA)?

The fund had total net assets of $2,083.6 million and invested 98% in equities.