Liberty All-Star Equity Fund February 2023 Monthly Update
The Liberty All-Star Equity Fund (NYSE: USA) has released its February 2023 Monthly Update. As of February 28, 2023, the Fund's total net assets stand at $1.616 billion, with 99.8% invested in equities. The Fund's NAV declined by 2.72% for the month, while the market price experienced a minor decrease of 0.96%. The top holdings include Microsoft Corp. at 2.6%, Alphabet, Inc. at 2.5%, and UnitedHealth Group, Inc. at 2.0%. The Fund employs a blend of value and growth investment strategies through a selection of experienced managers. Additionally, new holdings include Activision Blizzard, Inc. and TE Connectivity Ltd.
- Net assets increased to $1.616 billion.
- Year-to-date performance improved by 5.71%.
- New holdings include notable companies like Activision Blizzard and TE Connectivity.
- NAV declined by 2.72% in February.
- Market price reduced by 0.96% during the same period.
Ticker:
Monthly Update, February, 2023
Investment Approach:
Fund Style: Large-Cap Core
Fund Strategy: Combines three value-style and two growth-style investment managers. Those selected demonstrate a consistent investment philosophy, decision making process, continuity of key people and above-average long-term results compared to managers with similar styles.
Investment Managers:
Value Managers:
Fiduciary Management, Inc.
Growth Managers:
Top 20 Holdings at Month-End
( | ||
1 | Microsoft Corp. | 2.6 % |
2 | Alphabet, Inc. | 2.5 % |
3 | UnitedHealth Group, Inc. | 2.0 % |
4 | Visa, Inc. | 1.9 % |
5 | Booking Holdings, Inc. | 1.9 % |
6 | Amazon.com, Inc. | 1.8 % |
7 | Sony Group Corp. | 1.5 % |
8 | 1.5 % | |
9 | Capital One Financial Corp. | 1.5 % |
10 | S&P Global, Inc. | 1.5 % |
11 | Dollar | 1.4 % |
12 | Adobe, Inc. | 1.4 % |
13 | ServiceNow, Inc. | 1.3 % |
14 | 1.3 % | |
15 | 1.3 % | |
16 | JPMorgan Chase & Co. | 1.2 % |
17 | Dow, Inc. | 1.2 % |
18 | NVIDIA Corp. | 1.1 % |
19 | Salesforce, Inc. | 1.1 % |
20 | Ecolab, Inc. | 1.1 % |
Holdings are subject to change. | ||
Monthly Performance:
Performance | NAV | Market Price | Premium/(Discount) |
Beginning of month value | -0.2 % | ||
End of month value | 1.6 % | ||
Performance for month | -2.72 % | -0.96 % | |
Performance year-to-date | 5.71 % | 11.21 % | |
Net Assets at Month-End ($millions)
Total | |
Equities | |
Percent Invested | 99.8 % |
Sector Breakdown (% of equity portfolio)* | |
Information Technology | 20.5 % |
Financials | 20.4 % |
Consumer Discretionary | 16.4 % |
Health Care | 14.2 % |
Industrials | 8.6 % |
Materials | 5.9 % |
Communication Services | 4.7 % |
Consumer Staples | 3.0 % |
Energy | 2.5 % |
Real Estate | 2.1 % |
Utilities | 1.7 % |
Total Market Value | 100.0 % |
*Based on | |
Activision Blizzard, Inc.
TE Connectivity Ltd.
Holdings Liquidated
Hewlett Packard Enterprise Co.
Match Group, 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 2023 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
Liberty All-Star®
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star®
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