Liberty All-Star® Equity Fund March 2025 Monthly Update
The Liberty All-Star Equity Fund (NYSE: USA) has released its March 2025 monthly update. The fund, which combines three value-style and two growth-style investment managers, reported a decline in performance with NAV decreasing by -5.01% and market price falling -5.48% during March. Year-to-date performance shows -2.13% NAV and -3.46% market price returns.
The fund's portfolio, valued at $1,940.0 million, maintains 97.7% investment in equities. The top three holdings are Microsoft Corp. (4.0%), NVIDIA Corp. (3.3%), and Alphabet Inc. (2.8%). Sector allocation is led by Information Technology (22.3%), Financials (20.0%), and Health Care (16.9%). During the period, three holdings were liquidated: Honeywell International, MSCI, and TJX Cos., with no new positions added.
Il Liberty All-Star Equity Fund (NYSE: USA) ha pubblicato l'aggiornamento mensile di marzo 2025. Il fondo, che combina tre gestori di investimento in stile value e due in stile growth, ha registrato un calo delle performance con un NAV in diminuzione del -5,01% e un prezzo di mercato in calo del -5,48% durante il mese di marzo. La performance da inizio anno mostra un NAV a -2,13% e un prezzo di mercato a -3,46%.
Il portafoglio del fondo, valutato 1.940,0 milioni di dollari, mantiene un investimento del 97,7% in azioni. Le prime tre partecipazioni sono Microsoft Corp. (4,0%), NVIDIA Corp. (3,3%) e Alphabet Inc. (2,8%). L'allocazione settoriale è guidata da Tecnologia dell'Informazione (22,3%), Finanza (20,0%) e Sanità (16,9%). Nel periodo, tre partecipazioni sono state liquidate: Honeywell International, MSCI e TJX Cos., senza l'aggiunta di nuove posizioni.
El Liberty All-Star Equity Fund (NYSE: USA) ha publicado su actualización mensual de marzo de 2025. El fondo, que combina tres gestores de inversión estilo value y dos estilo growth, reportó una disminución en el rendimiento con un NAV que cayó un -5,01% y un precio de mercado que bajó un -5,48% durante marzo. El rendimiento acumulado en el año muestra un NAV de -2,13% y un precio de mercado de -3,46%.
La cartera del fondo, valorada en 1.940,0 millones de dólares, mantiene un 97,7% de inversión en acciones. Las tres principales posiciones son Microsoft Corp. (4,0%), NVIDIA Corp. (3,3%) y Alphabet Inc. (2,8%). La asignación sectorial está liderada por Tecnología de la Información (22,3%), Finanzas (20,0%) y Salud (16,9%). Durante el periodo, se liquidaron tres posiciones: Honeywell International, MSCI y TJX Cos., sin añadir nuevas posiciones.
Liberty All-Star Equity Fund (NYSE: USA)가 2025년 3월 월간 업데이트를 발표했습니다. 이 펀드는 가치 스타일 투자 매니저 3명과 성장 스타일 매니저 2명을 결합한 펀드로, 3월 한 달 동안 순자산가치(NAV)가 -5.01%, 시장 가격이 -5.48% 하락하며 성과가 감소했다고 보고했습니다. 연초 이후 성과는 NAV -2.13%, 시장 가격 -3.46%를 나타냅니다.
펀드 포트폴리오 가치는 19억 4천만 달러이며, 주식에 97.7% 투자되어 있습니다. 상위 3대 보유 종목은 마이크로소프트(Microsoft Corp.) (4.0%), 엔비디아(NVIDIA Corp.) (3.3%), 알파벳(Alphabet Inc.) (2.8%)입니다. 섹터 배분은 정보기술(22.3%), 금융(20.0%), 헬스케어(16.9%)가 주도합니다. 이 기간 동안 Honeywell International, MSCI, TJX Cos. 세 종목이 매도되었으며, 신규 포지션은 추가되지 않았습니다.
Le Liberty All-Star Equity Fund (NYSE : USA) a publié sa mise à jour mensuelle de mars 2025. Le fonds, qui combine trois gestionnaires d'investissement de style value et deux de style growth, a enregistré une baisse de performance avec une NAV en recul de -5,01% et un prix de marché en baisse de -5,48% durant le mois de mars. La performance depuis le début de l'année affiche un NAV à -2,13% et un prix de marché à -3,46%.
Le portefeuille du fonds, valorisé à 1 940,0 millions de dollars, conserve 97,7% d'investissement en actions. Les trois principales positions sont Microsoft Corp. (4,0%), NVIDIA Corp. (3,3%) et Alphabet Inc. (2,8%). L'allocation sectorielle est dominée par les technologies de l'information (22,3%), les services financiers (20,0%) et la santé (16,9%). Pendant la période, trois positions ont été liquidées : Honeywell International, MSCI et TJX Cos., sans ajout de nouvelles positions.
Der Liberty All-Star Equity Fund (NYSE: USA) hat sein monatliches Update für März 2025 veröffentlicht. Der Fonds, der drei Value- und zwei Growth-Style-Investmentmanager kombiniert, meldete eine Performance-Rückgang mit einem NAV-Rückgang von -5,01% und einem Marktpreisrückgang von -5,48% im März. Die Jahresperformance zeigt einen NAV von -2,13% und eine Marktrendite von -3,46%.
Das Portfolio des Fonds, bewertet mit 1.940,0 Millionen US-Dollar, hält 97,7% des Kapitals in Aktien. Die drei größten Positionen sind Microsoft Corp. (4,0%), NVIDIA Corp. (3,3%) und Alphabet Inc. (2,8%). Die Sektorallokation wird von Informationstechnologie (22,3%), Finanzwesen (20,0%) und Gesundheitswesen (16,9%) angeführt. Im Berichtszeitraum wurden drei Positionen verkauft: Honeywell International, MSCI und TJX Cos., es wurden keine neuen Positionen hinzugefügt.
- Portfolio remains highly invested with 97.7% in equities
- Well-diversified across sectors with balanced allocation
- Strong technology exposure through top holdings in leading companies (Microsoft, NVIDIA, Alphabet)
- Fund performance declined significantly in March (-5.01% NAV, -5.48% market price)
- Year-to-date returns are negative (-2.13% NAV, -3.46% market price)
- Trading discount to NAV widened from -0.9% to -1.4%
Liberty All-Star Equity Fund
Ticker:
Monthly Update, March 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. | 3.3 % |
3 | Alphabet, Inc. | 2.8 % |
4 | Amazon, Inc. | 2.6 % |
5 | UnitedHealth Group, Inc. | 2.3 % |
6 | Visa, Inc. | 2.1 % |
7 | Meta Platforms, Inc. | 1.9 % |
8 | ServiceNow, Inc. | 1.7 % |
9 | Capital One Financial Corp. | 1.6 % |
10 | Sony Group Corp. | 1.5 % |
11 | Fresenius Medical Care AG | 1.5 % |
12 | S&P Global, Inc. | 1.4 % |
13 | CVS Health Corp. | 1.4 % |
14 | Charles Schwab Corp. | 1.3 % |
15 | Berkshire Hathaway, Inc. | 1.3 % |
16 | Baxter International, Inc. | 1.2 % |
17 | O'Reilly Automotive, Inc. | 1.1 % |
18 | Danaher Corp. | 1.1 % |
19 | Booking Holdings, Inc. | 1.1 % |
20 | Gartner, Inc. | 0.9 % |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | -0.9 % | ||
End of month value | -1.4 % | ||
Performance for month | -5.01 % | -5.48 % | |
Performance year-to-date | -2.13 % | -3.46 % |
Net Assets at Month-End ($millions):
Total | |
Equities | |
Percent Invested | 97.7 % |
Sector Breakdown* (% of equity portfolio):
Information Technology | 22.3 % |
Financials | 20.0 % |
Health Care | 16.9 % |
Consumer Discretionary | 11.7 % |
Industrials | 8.8 % |
Communication Services | 6.6 % |
Consumer Staples | 5.1 % |
Materials | 4.5 % |
Energy | 2.3 % |
Utilities | 1.5 % |
Real Estate | 0.3 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
None
Holdings Liquidated:
Honeywell International, Inc.
MSCI, Inc.
TJX Cos., 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 March 31, 2025 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
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