Liberty All-Star Equity Fund March 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) provided its March 2021 update, reporting a total net asset value of $1,687.1 million, with $1,653.4 million in equities, representing 98% of total assets. The fund achieved a monthly performance of 3.50% and a year-to-date performance of 7.00%. Key holdings include Amazon.com (2.4%) and PayPal Holdings (2.2%). New positions include Dover Corp. and Skechers U.S.A., while Honeywell International was liquidated. The fund's investment strategy involves a blend of growth and value management styles.

Positive

• Monthly performance of 3.50%, year-to-date performance of 7.00%.
• Total net assets reached $1,687.1 million, with equities at $1,653.4 million.
• Diverse top holdings including Amazon.com (2.4%) and PayPal (2.2%).
• 98% of total assets are invested in equities.

Negative

• Market price of fund shares fell slightly, ending the month at $7.63, a 0.8% discount from NAV.

BOSTON, April 13, 2021 /PRNewswire/ -- Below is the March 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

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

	(31.2% of equity portfolio)
1	Amazon.com, Inc.	2.4%
2	PayPal Holdings, Inc.	2.2%
3	Alphabet, Inc.	1.9%
4	Adobe, Inc.	1.9%
5	Visa, Inc.	1.8%
6	Microsoft Corp.	1.8%
7	UnitedHealth Group, Inc.	1.8%
8	JPMorgan Chase & Co.	1.7%
9	Facebook, Inc.	1.7%
10	Sony Group Corp.	1.5%
11	salesforce.com, Inc.	1.5%
12	Capital One Financial Corp.	1.5%
13	General Electric Co.	1.3%
14	Danaher Corp.	1.3%
15	Berkshire Hathaway, Inc.	1.3%
16	Charles Schwab Corp.	1.2%
17	ServiceNow, Inc.	1.1%
18	Equinix, Inc.	1.1%
19	Wells Fargo & Co.	1.1%
20	Masco Corp.	1.1%

Holdings are subject to change.

Monthly Performance:
Performance	NAV	Market Price	Discount
Beginning of month value	$7.43	$7.32	-1.5%
End of month value	$7.69	$7.63	-0.8%
Performance for month	3.50%	4.23%
Performance year-to-date	7.00%	13.40%

 

Net Assets at Month-End ($millions)
Total	$1,687.1
Equities	$1,653.4
Percent Invested	98.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	20.4%
Financials	18.8%
Consumer Discretionary	14.9%
Health Care	13.4%
Industrials	10.8%
Communication Services	6.6%
Materials	4.1%
Energy	3.4%
Consumer Staples	3.3%
Real Estate	2.8%
Utilities	1.5%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Dover Corp.
Skechers U.S.A., Inc.
Twilio, Inc.

Holdings Liquidated
Honeywell International, Inc.
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 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 March 31, 2021 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:http://www.prnewswire.com/news-releases/liberty-all-star-equity-fund-march-2021-monthly-update-301268745.html

SOURCE Liberty All-Star Funds

FAQ

What was the performance of the Liberty All-Star Equity Fund in March 2021?

The Liberty All-Star Equity Fund achieved a performance of 3.50% for March 2021.

What is the net asset value of the Liberty All-Star Equity Fund as of March 31, 2021?

As of March 31, 2021, the net asset value of the Liberty All-Star Equity Fund was $1,687.1 million.

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

Top holdings include Amazon.com (2.4%), PayPal Holdings (2.2%), and Alphabet (1.9%).

How does the Liberty All-Star Equity Fund's investment strategy work?

The fund combines three value-style and two growth-style investment managers for better long-term results.

What changes were made to the holdings of the Liberty All-Star Equity Fund in March 2021?

New holdings included Dover Corp. and Skechers U.S.A., while Honeywell International and Match Group were liquidated.