Liberty All-Star Equity Fund November 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its November 2021 Monthly Update, highlighting a total net asset value of $1,984.2 million and a significant equity investment of $1,948.8 million. The fund's performance showed a decrease of 2.61% for the month, while the year-to-date performance stood at 19.16%. Major holdings included Alphabet, Amazon, and Meta Platforms, representing 32.7% of the portfolio. Sector allocations revealed a focus on Information Technology (21.9%) and Financials (16.8%). The fund demonstrated an investment strategy that combines both value and growth management approaches.

Positive

• Total net assets reached $1,984.2 million.
• Year-to-date performance at 19.16% indicates strong returns.
• Diverse investment strategy combining value and growth managers.
• Top holdings include major companies like Alphabet and Amazon.

Negative

• Monthly performance declined by 2.61%.
• End of month NAV dropped to $7.88 from $8.36 at the beginning.

BOSTON, Dec. 17, 2021 /PRNewswire/ -- Below is the November 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund
Ticker: USA               
Monthly Update, November, 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
	(32.7% of equity portfolio)
1	Alphabet, Inc.	2.7%
2	Amazon.com, Inc.	2.5%
3	Meta Platforms, Inc.	2.3%
4	Adobe, Inc.	2.2%
5	Microsoft Corp.	2.0%
6	UnitedHealth Group, Inc.	1.9%
7	PayPal Holdings, Inc.	1.8%
8	Sony Group Corp.	1.7%
9	salesforce.com, Inc.	1.7%
10	Danaher Corp.	1.6%
11	Visa, Inc.	1.6%
12	Berkshire Hathaway, Inc.	1.4%
13	NVIDIA Corp.	1.3%
14	Charles Schwab Corp.	1.2%
15	JPMorgan Chase & Co.	1.2%
16	Masco Corp.	1.2%
17	IHS Markit, Ltd.	1.2%
18	ServiceNow, Inc.	1.1%
19	Capital One Financial Corp.	1.1%
20	Netflix, Inc.	1.0%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$8.36	$8.43	0.8%
Distributions (Ex-Date November 18th)	$0.21	$0.21
End of month value	$7.88	$8.22	4.3%
Performance for month	-2.61%	0.75%
Performance year-to-date	19.16%	32.77%

 

Net Assets at Month-End ($millions)
Total	$1,984.2
Equities	$1,948.8
Percent Invested	98.2%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	21.9%
Financials	16.8%
Health Care	14.2%
Consumer Discretionary	13.7%
Industrials	9.5%
Communication Services	8.9%
Materials	4.4%
Energy	3.5%
Consumer Staples	2.9%
Real Estate	2.7%
Utilities	1.5%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Match Group, Inc.
Oshkosh Corp.

Holdings Liquidated
Expeditors International of Washington, Inc.
Ford Motor Co.

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 and exercised all primary rights in the Fund's rights offering. 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 November 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 performance of Liberty All-Star Equity Fund (USA) for November 2021?

The fund reported a performance decline of 2.61% for November 2021.

What are the major holdings of the Liberty All-Star Equity Fund (USA)?

Major holdings include Alphabet, Amazon, and Meta Platforms, comprising 32.7% of the equity portfolio.

What is the net asset value of Liberty All-Star Equity Fund (USA) as of November 2021?

The net asset value (NAV) is $1,984.2 million.

How did the Liberty All-Star Equity Fund (USA) perform year-to-date as of November 2021?

The fund's year-to-date performance is at 19.16%.

What is the investment strategy of the Liberty All-Star Equity Fund (USA)?

The fund combines three value-style and two growth-style investment managers for its strategy.