Liberty All-Star Equity Fund October 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its October 2021 update, revealing a net asset value (NAV) of $8.36 per share, with a market price of $8.43, reflecting a premium of 0.8%. The fund's performance for the month was reported at 5.69%, while year-to-date returns stand at 22.36%. The top 20 holdings, which constitute 32.8% of the equity portfolio, include major companies like Alphabet, Amazon, and Meta Platforms. The fund's total net assets amounted to $1.87 billion, with 97.8% invested in equities, highlighting its commitment to large-cap core investment strategies.

Positive

• October performance at 5.69%, year-to-date performance at 22.36%.
• Total net assets of $1,871.4 million with 97.8% invested in equities.
• Top holdings include major industry players like Alphabet and Amazon.

Negative

• Market price of $8.43 is below NAV of $8.36, indicating potential investor concerns.

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

Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, October, 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
(32.8% of equity portfolio)
1          Alphabet, Inc.	2.8%
2          Amazon.com, Inc.	2.4%
3          Meta Platforms, Inc.	2.2%
4          Adobe, Inc.	2.2%
5          Microsoft Corp.	2.0%
6          PayPal Holdings, Inc.	1.9%
7          UnitedHealth Group, Inc.	1.9%
8          salesforce.com, Inc.	1.8%
9          Visa, Inc.	1.6%
10        Danaher Corp.	1.6%
11        Sony Group Corp.	1.6%
12        Charles Schwab Corp.	1.3%
13        Berkshire Hathaway, Inc.	1.3%
14        ServiceNow, Inc.	1.3%
15        NVIDIA Corp.	1.2%
16        JPMorgan Chase & Co.	1.2%
17        IHS Markit, Ltd.	1.2%
18        Capital One Financial Corp.	1.1%
19        American International Group, Inc.	1.1%
20        Masco Corp.	1.1%

 

Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$7.91	$8.60	8.7%
End of month value	$8.36	$8.43	0.8%
Performance for month	5.69%	-1.98%
Performance year-to-date	22.36%	31.78%

           

Net Assets at Month-End ($millions)
Total	$1,871.4
Equities	$1,830.9
Percent Invested	97.8%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.1%
Financials	17.4%
Health Care	14.4%
Consumer Discretionary	13.7%
Industrials	9.5%
Communication Services	8.4%
Materials	4.1%
Energy	3.6%
Real Estate	2.8%
Consumer Staples	2.5%
Utilities	1.5%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings

Constellation Brands, 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 October 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