Liberty All-Star Equity Fund March 2022 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its March 2022 update, highlighting a total net asset value of $1,904.6 million, with equities accounting for $1,854.4 million. The fund's NAV per share increased from $7.32 to $7.41, while the market price rose to $8.08, marking a 9% premium. Monthly performance showed a total return of 1.23%, with year-to-date performance at -7.16%. The top holdings include Alphabet, Amazon, and Microsoft, among others, with a focus on large-cap core strategies.

Positive

• NAV increased from $7.32 to $7.41.
• Market price rose to $8.08, reflecting a 9% premium.
• Monthly performance return of 1.23%.

Negative

• Year-to-date performance down by 7.16%.
• High concentration in top ten holdings, potentially increasing risk exposure.

BOSTON, April 13, 2022 /PRNewswire/ -- Below is the March 2022 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, March, 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
	(29.8% of equity portfolio)
1	Alphabet, Inc.	3.0%
2	Amazon.com, Inc.	2.5%
3	Microsoft Corp.	1.9%
4	Visa, Inc.	1.9%
5	UnitedHealth Group, Inc.	1.8%
6	Danaher Corp.	1.5%
7	Adobe, Inc.	1.5%
8	S&P Global, Inc.	1.4%
9	Sony Group Corp.	1.4%
10	salesforce.com, Inc.	1.4%
11	PayPal Holdings, Inc.	1.3%
12	Berkshire Hathaway, Inc.	1.3%
13	Charles Schwab Corp.	1.3%
14	NVIDIA Corp.	1.2%
15	Fresenius Medical Care AG & Co. KGaA	1.2%
16	ServiceNow, Inc.	1.1%
17	Capital One Financial Corp.	1.1%
18	Booking Holdings, Inc.	1.0%
19	American International Group, Inc.	1.0%
20	Dollar General Corp.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium/(Discount)
Beginning of month value	$7.32	$7.27	-0.7%
End of month value	$7.41	$8.08	9.0%
Performance for month	1.23%	11.14%
Performance year-to-date	-7.16%	-0.94%

 

Net Assets at Month-End ($millions)
Total	$1,904.6
Equities	$1,854.4
Percent Invested	97.4%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	21.1%
Financials	18.7%
Health Care	14.7%
Consumer Discretionary	13.8%
Industrials	7.9%
Communication Services	7.5%
Materials	4.9%
Energy	3.5%
Consumer Staples	2.9%
Utilities	2.7%
Real Estate	2.3%
Total Market Value	100.0%

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

New Holdings
Avery Dennison Corp.
Carlisle Cos., Inc.
CDW Corp.
Enphase Energy, Inc.

Holdings Liquidated
Cenovus Energy, 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 March 31, 2022 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 March 2022 performance of Liberty All-Star Equity Fund (USA)?

The fund reported a monthly performance return of 1.23% and year-to-date performance of -7.16%.

What are the total net assets of Liberty All-Star Equity Fund (USA) as of March 2022?

The total net assets are $1,904.6 million.

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

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

What was the NAV and market price for Liberty All-Star Equity Fund (USA) at the end of March 2022?

The NAV was $7.41, and the market price was $8.08.