Liberty All-Star Equity Fund June 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its June 2021 Monthly Update, showcasing its investment strategy combining value and growth management styles. The fund's total net assets reached $1,800.6 million, with a significant 97.6% of assets invested in equities. Notably, the month-end NAV was $8.13, reflecting a 1.75% performance return for June, while year-to-date performance stood at 15.99%. Key holdings include major companies like Alphabet, PayPal, and Amazon. The report emphasizes the fund's focus on large-cap core investments.

Positive

• Total net assets reached $1,800.6 million.
• 97.6% of assets invested in equities.
• Month-end NAV improved to $8.13, with a performance return of 1.75% for June.
• Year-to-date performance at 15.99%.
• Invests in major companies like Alphabet, PayPal, and Amazon.

Negative

• None

BOSTON, July 15, 2021 /PRNewswire/ -- Below is the June 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, June, 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
(32.5% of equity portfolio)
1	Alphabet, Inc.	2.5%
2	PayPal Holdings, Inc.	2.5%
3	Amazon.com, Inc.	2.5%
4	Facebook, Inc.	2.4%
5	Adobe, Inc.	2.2%
6	Visa, Inc.	1.9%
7	Microsoft Corp.	1.8%
8	UnitedHealth Group, Inc.	1.7%
9	salesforce.com, Inc.	1.6%
10	Danaher Corp.	1.5%
11	JPMorgan Chase & Co.	1.4%
12	Berkshire Hathaway, Inc.	1.3%
13	Sony Group Corp.	1.3%
14	Capital One Financial Corp.	1.3%
15	Charles Schwab Corp.	1.3%
16	ServiceNow, Inc.	1.1%
17	IHS Markit, Ltd.	1.1%
18	General Electric Co.	1.1%
19	NVIDIA Corp.	1.0%
20	Wells Fargo & Co.	1.0%

Holdings are subject to change.

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$7.99	$8.38	4.9%
End of month value	$8.13	$9.04	11.2%
Performance for month	1.75%	7.88%
Performance year-to-date	15.99%	37.76%

 

Net Assets at Month-End ($millions)
Total	$1,800.6
Equities	$1,757.4
Percent Invested	97.6%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.1%
Financials	17.3%
Consumer Discretionary	14.0%
Health Care	13.8%
Industrials	10.3%
Communication Services	8.1%
Energy	3.6%
Materials	3.6%
Real Estate	2.8%
Consumer Staples	2.7%
Utilities	1.7%
Total Market Value	100.0%

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

New Holdings
None

Holdings Liquidated
Nestle SA

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 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 June 30, 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 is the current net asset value of the Liberty All-Star Equity Fund (USA)?

As of June 30, 2021, the net asset value (NAV) of the Liberty All-Star Equity Fund is $8.13.

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

The fund achieved a performance return of 1.75% in June 2021.

What is the year-to-date performance of the Liberty All-Star Equity Fund (USA)?

The year-to-date performance of the Liberty All-Star Equity Fund is 15.99%.

What percentage of the Liberty All-Star Equity Fund's assets are invested in equities?

97.6% of the Liberty All-Star Equity Fund's assets are invested in equities.

Who are the top holdings in the Liberty All-Star Equity Fund (USA)?

Top holdings include Alphabet, PayPal, and Amazon.