Liberty All-Star® Equity Fund February 2025 Monthly Update
Liberty All-Star Equity Fund (NYSE: USA) has released its February 2025 monthly update. The fund employs a large-cap core strategy combining three value-style and two growth-style investment managers. The management team includes Aristotle Capital Management, Fiduciary Management, and Pzena Investment Management as value managers, alongside Sustainable Growth Advisers and TCW Investment Management Company as growth managers.
Notable portfolio changes include the addition of Corebridge Financial as a new holding, while several positions were liquidated including American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co, and Micron Technology.
The fund's performance includes total returns net of management fees and expenses, with distributions potentially comprising ordinary dividends, long-term capital gains, and return of capital. The final tax characterization of 2025 distributions will be determined after year-end.
Il Liberty All-Star Equity Fund (NYSE: USA) ha pubblicato il suo aggiornamento mensile di febbraio 2025. Il fondo adotta una strategia core large-cap che combina tre gestori di investimento in stile value e due in stile growth. Il team di gestione include Aristotle Capital Management, Fiduciary Management e Pzena Investment Management come gestori value, insieme a Sustainable Growth Advisers e TCW Investment Management Company come gestori growth.
Cambiamenti significativi nel portafoglio includono l'aggiunta di Corebridge Financial come nuova partecipazione, mentre diverse posizioni sono state liquidate, tra cui American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co e Micron Technology.
Le performance del fondo includono i rendimenti totali al netto delle commissioni di gestione e delle spese, con distribuzioni che possono comprendere dividendi ordinari, guadagni in conto capitale a lungo termine e restituzione di capitale. La caratterizzazione fiscale finale delle distribuzioni del 2025 sarà determinata dopo la fine dell'anno.
El Liberty All-Star Equity Fund (NYSE: USA) ha publicado su actualización mensual de febrero de 2025. El fondo emplea una estrategia core de gran capitalización que combina tres gestores de inversión de estilo value y dos de estilo growth. El equipo de gestión incluye a Aristotle Capital Management, Fiduciary Management y Pzena Investment Management como gestores value, junto con Sustainable Growth Advisers y TCW Investment Management Company como gestores growth.
Los cambios notables en la cartera incluyen la adición de Corebridge Financial como nueva participación, mientras que se liquidaron varias posiciones, incluyendo American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co y Micron Technology.
El rendimiento del fondo incluye los retornos totales netos de comisiones de gestión y gastos, con distribuciones que pueden comprender dividendos ordinarios, ganancias de capital a largo plazo y retorno de capital. La caracterización fiscal final de las distribuciones de 2025 se determinará después de fin de año.
리버티 올스타 주식 펀드 (NYSE: USA)가 2025년 2월 월간 업데이트를 발표했습니다. 이 펀드는 세 가지 가치 스타일과 두 가지 성장 스타일의 투자 관리자를 결합한 대형 주식 중심 전략을 사용합니다. 관리 팀에는 아리스토틀 캐피탈 매니지먼트, 피듀셔리 매니지먼트, 그리고 프제나 투자 관리가 가치 관리자 역할을 하며, 지속 가능한 성장 자문 및 TCW 투자 관리 회사가 성장 관리자 역할을 합니다.
주목할 만한 포트폴리오 변화에는 코어브리지 파이낸셜이 새로운 보유 자산으로 추가된 반면, American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co 및 Micron Technology와 같은 여러 포지션이 청산되었습니다.
펀드의 성과에는 관리 수수료 및 비용을 제외한 총 수익이 포함되며, 배당금, 장기 자본 이득 및 자본 환급이 포함될 수 있습니다. 2025년 배당금의 최종 세금 성격은 연말 이후에 결정됩니다.
Le Liberty All-Star Equity Fund (NYSE: USA) a publié sa mise à jour mensuelle de février 2025. Le fonds adopte une stratégie core large-cap qui combine trois gestionnaires d'investissement de style value et deux de style growth. L'équipe de gestion comprend Aristotle Capital Management, Fiduciary Management et Pzena Investment Management en tant que gestionnaires value, ainsi que Sustainable Growth Advisers et TCW Investment Management Company en tant que gestionnaires growth.
Les changements notables dans le portefeuille incluent l'ajout de Corebridge Financial en tant que nouvelle participation, tandis que plusieurs positions ont été liquidées, y compris American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co et Micron Technology.
La performance du fonds comprend les rendements totaux nets des frais de gestion et des dépenses, avec des distributions qui peuvent comprendre des dividendes ordinaires, des gains en capital à long terme et un retour de capital. La caractérisation fiscale finale des distributions de 2025 sera déterminée après la fin de l'année.
Der Liberty All-Star Equity Fund (NYSE: USA) hat sein monatliches Update für Februar 2025 veröffentlicht. Der Fonds verfolgt eine Large-Cap-Core-Strategie, die drei Value-Style- und zwei Growth-Style-Investmentmanager kombiniert. Das Management-Team umfasst Aristotle Capital Management, Fiduciary Management und Pzena Investment Management als Value-Manager sowie Sustainable Growth Advisers und TCW Investment Management Company als Growth-Manager.
Bemerkenswerte Änderungen im Portfolio umfassen die Hinzufügung von Corebridge Financial als neue Position, während mehrere Positionen liquidiert wurden, darunter American Tower Corp, Cie Generale des Etablissements Michelin SCA, JPMorgan Chase & Co und Micron Technology.
Die Leistung des Fonds umfasst die Gesamterträge nach Abzug von Verwaltungsgebühren und Ausgaben, wobei die Ausschüttungen möglicherweise ordentliche Dividenden, langfristige Kapitalgewinne und Kapitalrückzahlungen umfassen. Die endgültige steuerliche Charakterisierung der Ausschüttungen von 2025 wird nach Ende des Jahres festgelegt.
- Diversified management approach with multiple value and growth investment managers
- Active portfolio management demonstrated through new position additions and strategic exits
- Portfolio shows significant turnover with multiple positions being liquidated
- Portion of distributions may consist of return of capital, which could impact long-term fund value
Liberty All-Star Equity Fund
Ticker:
Monthly Update, February 2025
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 | Microsoft Corp. | 4.0 % |
2 | NVIDIA Corp. | 3.5 % |
3 | Amazon.com, Inc. | 2.6 % |
4 | Alphabet, Inc. | 2.5 % |
5 | Meta Platforms, Inc. | 2.1 % |
6 | Visa, Inc. | 2.0 % |
7 | UnitedHealth Group, Inc. | 2.0 % |
8 | Capital One Financial Corp. | 1.6 % |
9 | ServiceNow, Inc. | 1.6 % |
10 | Sony Group Corp. | 1.4 % |
11 | S&P Global, Inc. | 1.4 % |
12 | Fresenius Medical Care AG | 1.4 % |
13 | CVS Health Corp. | 1.3 % |
14 | Charles Schwab Corp. | 1.2 % |
15 | Berkshire Hathaway, Inc. | 1.2 % |
16 | Baxter International, Inc. | 1.2 % |
17 | Booking Holdings, Inc. | 1.1 % |
18 | Ecolab, Inc. | 1.1 % |
19 | O'Reilly Automotive, Inc. | 1.1 % |
20 | Danaher Corp. | 1.0 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Premium/(Discount) |
Beginning of month value | 0.4 % | ||
End of month value | -0.9 % | ||
Performance for month | -1.41 % | -2.67 % | |
Performance year-to-date | 3.03 % | 2.14 % | |
Net Assets at Month-End ($millions): | |
Total | |
Equities | |
Percent Invested | 99.6 % |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 22.4 % |
Financials | 20.6 % |
Health Care | 16.0 % |
Consumer Discretionary | 12.2 % |
Industrials | 9.4 % |
Communication Services | 6.4 % |
Consumer Staples | 4.7 % |
Materials | 4.6 % |
Energy | 2.0 % |
Utilities | 1.4 % |
Real Estate | 0.3 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). | |
New Holdings:
Corebridge Financial, Inc.
Holdings Liquidated:
American Tower Corp.
Cie Generale des Etablissements Michelin SCA
JPMorgan Chase & Co.
Micron Technology, 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 2025 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 February 28, 2025 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-february-2025-monthly-update-302402081.html
SOURCE Liberty All-Star Equity Fund
FAQ
What investment strategy does Liberty All-Star Equity Fund (USA) follow?
Which stocks were removed from USA's portfolio in February 2025?
What types of distributions does Liberty All-Star Equity Fund (USA) make to shareholders?
What new stock position did Liberty All-Star Fund (USA) add in February 2025?
