Liberty All-Star Equity Fund September 2021 Monthly Update

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) released its September 2021 Monthly Update, highlighting a net asset value (NAV) decrease from $8.30 to $7.91 and a month performance drop of -4.70%. Despite this, the fund's year-to-date performance stands at 15.77%. Key holdings include Alphabet (2.7%), Amazon (2.5%), and Facebook (2.3%), making up 32.9% of its equity portfolio. The fund is primarily invested in the Information Technology sector (22.1%) and boasts total net assets of $1,770.5 million as of September 30, 2021.

Positive

• Year-to-date performance of 15.77%.
• Strong investment manager selection with consistent results.

Negative

• NAV decreased from $8.30 to $7.91.
• Month performance declined by 4.70%.
• Market price at $8.60 is at an 8.7% premium over NAV.

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

Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, September, 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
(32.9% of equity portfolio)
1	Alphabet, Inc.	2.7%
2	Amazon.com, Inc.	2.5%
3	Facebook, Inc.	2.3%
4	PayPal Holdings, Inc.	2.3%
5	Adobe, Inc.	2.1%
6	Visa, Inc.	1.8%
7	salesforce.com, Inc.	1.8%
8	Microsoft Corp.	1.8%
9	UnitedHealth Group, Inc.	1.7%
10	Danaher Corp.	1.6%
11	Sony Group Corp.	1.6%
12	Berkshire Hathaway, Inc.	1.3%
13	Charles Schwab Corp.	1.3%
14	JPMorgan Chase & Co.	1.2%
15	Capital One Financial Corp.	1.2%
16	ServiceNow, Inc.	1.2%
17	IHS Markit, Ltd.	1.2%
18	General Electric Co.	1.1%
19	NVIDIA Corp.	1.1%
20	American International Group, Inc.	1.1%
Holdings are subject to change.

 

Monthly Performance:
Performance	NAV	Market Price	Premium
Beginning of month value	$8.30	$8.52	2.7%
End of month value	$7.91	$8.60	8.7%
Performance for month	-4.70%	0.94%
Performance year-to-date	15.77%	34.44%

 

Net Assets at Month-End ($millions)
Total	$1,770.5
Equities	$1,730.0
Percent Invested	97.7%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	22.1%
Financials	17.4%
Health Care	14.4%
Consumer Discretionary	13.8%
Industrials	9.4%
Communication Services	8.6%
Materials	4.0%
Energy	3.6%
Real Estate	2.7%
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
None

Holdings Liquidated
Union Pacific Corp.

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 September 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 latest performance report for Liberty All-Star Equity Fund (USA)?

The latest report shows a month performance drop of 4.70%, with year-to-date performance at 15.77%.

What are the top holdings of Liberty All-Star Equity Fund as of September 2021?

The top three holdings are Alphabet (2.7%), Amazon (2.5%), and Facebook (2.3%).

What is the net asset value of Liberty All-Star Equity Fund (USA) at the end of September 2021?

As of September 30, 2021, the net asset value (NAV) is $7.91.

How much did the Liberty All-Star Equity Fund (USA) decrease in NAV?

The NAV decreased from $8.30 to $7.91.

What sectors does Liberty All-Star Equity Fund (USA) invest in?

The fund invests primarily in Information Technology (22.1%), Financials (17.4%), and Health Care (14.4%).