Liberty All-Star Equity Fund January 2022 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) has released its January 2022 Monthly Update. The fund employs a large-cap core investment strategy, incorporating both value and growth managers. The fund's net assets totaled $1.929 billion, with 100.5% of assets invested. The top five holdings include Alphabet, Amazon, Meta, UnitedHealth Group, and Visa, making up 10.0% of total holdings. The fund's net asset value (NAV) decreased by 5.00% for January, resulting in an end-of-month NAV of $7.59.

Positive

• Net assets reached $1.929 billion.
• Investment strategy combines value and growth management for diversified approach.
• Top holdings include major companies like Alphabet and Amazon.

Negative

• NAV decreased by 5.00% during January.
• Market price declined to $7.71, a drop of 5.57%.

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

Liberty All-Star Equity Fund
Ticker: USA 
Monthly Update, January, 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
	(30.9% of equity portfolio)
1	Alphabet, Inc.	2.9%
2	Amazon.com, Inc.	2.2%
3	Meta Platforms, Inc.	2.1%
4	UnitedHealth Group, Inc.	2.0%
5	Visa, Inc.	1.9%
6	Microsoft Corp.	1.9%
7	Adobe, Inc.	1.8%
8	PayPal Holdings, Inc.	1.6%
9	Sony Group Corp.	1.5%
10	salesforce.com, Inc.	1.4%
11	Danaher Corp.	1.4%
12	Charles Schwab Corp.	1.3%
13	Berkshire Hathaway, Inc.	1.3%
14	Capital One Financial Corp.	1.2%
15	Masco Corp.	1.1%
16	ServiceNow, Inc.	1.1%
17	IHS Markit, Ltd.	1.1%
18	NVIDIA Corp.	1.1%
19	Booking Holdings, Inc.	1.0%
20	JPMorgan Chase & Co.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$8.20	$8.38	2.2%
Distributions (Ex-Date January 20th)	$0.20	$0.20
End of month value	$7.59	$7.71	1.6%
Performance for month	-5.00%	-5.57%
Performance year-to-date	-5.00%	-5.57%

 

Net Assets at Month-End ($millions)
Total	$1,929.0
Equities	$1,938.9
Percent Invested	100.5%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	21.3%
Financials	17.6%
Consumer Discretionary	13.6%
Health Care	13.6%
Industrials	9.2%
Communication Services	8.7%
Materials	4.4%
Energy	4.4%
Consumer Staples	3.0%
Real Estate	2.5%
Utilities	1.7%
Total Market Value	100.0%

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

New Holdings
Atmos Energy Corp.
Blackstone, Inc.
CarMax, Inc.
Crowdstrike Holdings, Inc.
SAP SE
Xcel Energy, Inc.

Holdings Liquidated
East West Bancorp, 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 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 January 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-january-2022-monthly-update-301482608.html

SOURCE Liberty All-Star® Equity Fund

FAQ

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

The fund's performance for January 2022 showed a NAV decrease of 5.00%.

What are the top holdings in the Liberty All-Star Equity Fund (USA) for January 2022?

The top holdings include Alphabet, Amazon, Meta Platforms, UnitedHealth Group, and Visa.

What is the net asset value (NAV) of the Liberty All-Star Equity Fund (USA) as of January 2022?

The NAV at the end of January 2022 was $7.59.

How much did the Liberty All-Star Equity Fund (USA) distribute in January 2022?

The fund had a distribution of $0.20 per share on January 20, 2022.

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

The fund employs a large-cap core strategy combining value and growth management.