Welcome to our dedicated page for Liberty All-Star Equity Fund news (Ticker: USA), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Equity Fund stock.
Liberty All-Star Equity Fund (NYSE: USA) is a closed-end fund and an open-end multi-managed fund committed to providing substantial current income and long-term capital appreciation. The fund achieves its objectives by investing primarily in a diversified portfolio of equity securities across various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, real estate, utilities, telecommunication, and other services.
The fund employs a unique investment strategy that combines the expertise of three value-style and two growth-style investment managers. Selected managers are known for their consistent investment philosophy, rigorous decision-making process, steady managerial team, and above-average long-term performance compared to peers with similar styles. This multi-manager approach ensures a balanced and diversified portfolio that mitigates risk while aiming for superior returns.
Recent Holdings Updates:
- January 2024: Added CVS Health Corp. and Quest Diagnostics, Inc.; liquidated SAP SE.
- February 2024: Added Lowe's Companies, Inc., Meta Platforms, Inc., TotalEnergies SE, and Waste Management, Inc.; liquidated Cardinal Health, Inc., General Electric Co., and Phillips 66.
- March 2024: Added Humana, Inc.; no liquidations.
- April 2024: Added American Water Works Co., Inc., Cadence Design Systems, Inc., Shopify, Inc., and Synopsys, Inc.; liquidated Crown Castle, Inc., Eaton Corp. PLC, and NIKE, Inc.
- May 2024: Added Aramark; liquidated Ball Corp., Equinix, Inc., Gildan Activewear, Inc., and Walt Disney Co.
The net asset value (NAV) of the fund is determined by the market value of its underlying investments minus liabilities, divided by the total number of shares outstanding. The fund's market price may trade at a premium or a discount relative to its NAV. Performance returns are total returns, including dividends, net of management fees, and other expenses. It is important to note that past performance is not indicative of future results, and performance may vary with market conditions.
Distributions to shareholders may include ordinary dividends, long-term capital gains, and return of capital. The final determination of the source of distributions for tax purposes will be made after the fiscal year-end. A portion of distributions may consist of a return of capital, which will be confirmed in shareholder 1099-DIV forms after year-end.
Liberty All-Star Equity Fund continuously updates its portfolio to reflect market opportunities and strategic adjustments. Investors considering the fund should be prepared for significant value fluctuations and the associated investment risks.
For more information, you can contact Liberty All-Star Equity Fund at 1-800-241-1850 or visit their website at www.all-starfunds.com.
The Liberty All-Star Equity Fund (NYSE: USA) has released its March 2023 Monthly Update. The fund employs a large-cap core investment strategy, utilizing a combination of value and growth managers to achieve superior long-term results.
As of March 31, 2023, the fund's net assets totaled $1.65 billion, with 97.3% of assets invested in equities. The top 20 holdings accounted for 33.6% of the portfolio, with Microsoft, Alphabet, and UnitedHealth among the largest positions.
The fund achieved a net asset value (NAV) of $6.15 at month-end, reflecting a monthly performance return of 0.99% and a year-to-date return of 6.75%. The market price stood at $6.20, indicating a premium of 0.8% over NAV.
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) announced a distribution of $0.15 per share, payable on June 5, 2023. Shareholders of record as of April 21, 2023 will receive this distribution, with an ex-dividend date of April 20, 2023. This distribution aligns with the Fund's strategy of delivering about 10% of its net asset value annually, disbursed in four quarterly payments. A portion may originate from sources other than net income, including capital gains and return of capital. Shareholders who participate in the Dividend Reinvestment Plan will receive shares at the lower of the May 19, 2023 net asset value or market value (minimum 95% of market value).
The Fund reported net assets exceeding $1.6 billion as of April 6, 2023. Investors must execute buy or sell orders through an intermediary or broker, as the Fund does not issue shares continuously.
The Liberty All-Star Equity Fund (NYSE: USA) has released its February 2023 Monthly Update. As of February 28, 2023, the Fund's total net assets stand at $1.616 billion, with 99.8% invested in equities. The Fund's NAV declined by 2.72% for the month, while the market price experienced a minor decrease of 0.96%. The top holdings include Microsoft Corp. at 2.6%, Alphabet, Inc. at 2.5%, and UnitedHealth Group, Inc. at 2.0%. The Fund employs a blend of value and growth investment strategies through a selection of experienced managers. Additionally, new holdings include Activision Blizzard, Inc. and TE Connectivity Ltd.
The Liberty All-Star Equity Fund (NYSE: USA) released its January 2023 Monthly Update highlighting a new investment in Charter Communications and liquidation of McKesson and NRG Energy. The fund, which employs a large-cap core strategy, reported a net asset value (NAV) of
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