Liberty All-Star Equity Fund May 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its monthly update for May 2021, showcasing a strong investment strategy blending value and growth styles. The fund's net assets total approximately $1,751.7 million, with a significant 14.00% year-to-date performance. The fund's NAV increased from $7.92 to $7.99, while market price rose from $8.21 to $8.38. The top holdings include notable companies such as Alphabet, Amazon, and Facebook, representing 32.0% of the equity portfolio.

Positive

• Net assets increased to $1,751.7 million.
• Year-to-date performance reached 14.00%.
• NAV increased from $7.92 to $7.99.
• Market price improved from $8.21 to $8.38.
• Top holdings include Alphabet, Amazon, and Facebook.

Negative

• None.

BOSTON, June 14, 2021 /PRNewswire/ -- Below is the May 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, May, 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
	(32.0% of equity portfolio)
1	Alphabet, Inc.	2.4%
2	Amazon.com, Inc.	2.3%
3	Facebook, Inc.	2.3%
4	PayPal Holdings, Inc.	2.2%
5	Adobe, Inc.	1.9%
6	Visa, Inc.	1.9%
7	UnitedHealth Group, Inc.	1.7%
8	Microsoft Corp.	1.7%
9	salesforce.com, Inc.	1.6%
10	JPMorgan Chase & Co.	1.5%
11	Capital One Financial Corp.	1.5%
12	Danaher Corp.	1.4%
13	Berkshire Hathaway, Inc.	1.4%
14	Sony Group Corp.	1.4%
15	Charles Schwab Corp.	1.3%
16	General Electric Co.	1.1%
17	American International Group, Inc.	1.1%
18	Wells Fargo & Co.	1.1%
19	Citigroup, Inc.	1.1%
20	IHS Markit, Ltd.	1.1%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$7.92	$8.21	3.7%
End of month value	$7.99	$8.38	4.9%
Performance for month	0.88%	2.07%
Performance year-to-date	14.00%	27.70%

           

Net Assets at Month-End ($millions)
Total	$1,751.7
Equities	$1,758.5
Percent Invested	100.4%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	20.3%
Financials	18.8%
Consumer Discretionary	14.3%
Health Care	13.3%
Industrials	10.6%
Communication Services	7.8%
Materials	3.9%
Energy	3.7%
Consumer Staples	3.0%
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
Honeywell International, Inc.

Holdings Liquidated
None

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 May 31, 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 Funds

FAQ

What was the net asset value of Liberty All-Star Equity Fund in May 2021?

The net asset value (NAV) of the Liberty All-Star Equity Fund was approximately $1,751.7 million.

How did the Liberty All-Star Equity Fund perform year-to-date as of May 2021?

The Liberty All-Star Equity Fund achieved a year-to-date performance of 14.00%.

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

Top holdings include Alphabet, Amazon, and Facebook, which together represent 32.0% of the equity portfolio.

What was the market price of the Liberty All-Star Equity Fund at the end of May 2021?

At the end of May 2021, the market price of the Liberty All-Star Equity Fund was $8.38.

How did the NAV of Liberty All-Star Equity Fund change from the beginning to the end of May 2021?

The NAV increased from $7.92 at the beginning of the month to $7.99 by the end.