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) released its May 2022 Monthly Update, reporting a net asset value (NAV) of $6.69 and a market price of $6.93, with a premium of 3.6%. The fund's performance for May was 1.36%, while the year-to-date performance stands at -13.79%. The fund maintains a diverse portfolio, with top holdings including Alphabet, Microsoft, and Amazon, comprising 29.6% of the equity portfolio. Total net assets reached $1,718.7 million, with equities valued at $1,725.3 million, indicating a 100.4% investment rate.
The Liberty All-Star Equity Fund (NYSE: USA) released its April 2022 Monthly Update, reporting a significant decline in performance. The fund's net asset value (NAV) decreased to $6.60, reflecting an 8.53% drop for the month, while the market price fell by 10.65%. Total net assets were recorded at $1,695.3 million, with 100.3% of assets invested. Notable top holdings included Alphabet, Microsoft, and Amazon, which collectively made up 28.6% of the equity portfolio. The fund has introduced a new holding, Ferguson PLC, while liquidating positions in PPG Industries and Quest Diagnostics.
The Liberty All-Star Equity Fund (NYSE: USA) released its March 2022 update, highlighting a total net asset value of $1,904.6 million, with equities accounting for $1,854.4 million. The fund's NAV per share increased from $7.32 to $7.41, while the market price rose to $8.08, marking a 9% premium. Monthly performance showed a total return of 1.23%, with year-to-date performance at -7.16%. The top holdings include Alphabet, Amazon, and Microsoft, among others, with a focus on large-cap core strategies.
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.18 per share, scheduled for payment on June 6, 2022. Shareholders must be on record by April 22, 2022, with an ex-dividend date of April 21, 2022. This distribution aligns with the Fund's policy of distributing approximately 10% of its net asset value annually, in four quarterly installments. Distributions will be issued in newly created shares, except for participants opting for cash. The shares will be valued at either the May 20, 2022 net asset value or market value, ensuring not less than 95% of market value.
The Liberty All-Star Equity Fund (NYSE: USA) has released its January 2022 Monthly Update. The fund employs a large-cap core investment strategy, incorporating both value and growth managers. The fund's net assets totaled $1.929 billion, with 100.5% of assets invested. The top five holdings include Alphabet, Amazon, Meta, UnitedHealth Group, and Visa, making up 10.0% of total holdings. The fund's net asset value (NAV) decreased by 5.00% for January, resulting in an end-of-month NAV of $7.59.
Liberty All-Star Equity Fund (NYSE: USA) provided its December 2021 Monthly Update. The fund employs a large-cap core strategy, blending five investment managers focusing on value and growth styles. As of December 31, 2021, the fund held total net assets of $2,083.6 million, with equities comprising $2,042.8 million and a 98.0% investment rate. The top holdings included Alphabet, Amazon, and Meta Platforms, representing 32.1% of the equity portfolio. Monthly performance reported a 4.06% increase. The fund ended December with a NAV of $8.20 and a market price of $8.38, indicating a 2.2% monthly performance.
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.20 per share, payable on March 7, 2022. Shareholders of record as of January 21, 2022, will receive the distribution, which follows a policy of about 10% of the fund's net asset value annually, distributed in quarterly installments. This distribution may be sourced from capital gains or return of capital. Shares for the distribution will be issued at the lower of the February 18, 2022 net asset value or market value. The fund manages over $2.0 billion in assets.
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.
The Liberty All-Star Equity Fund (NYSE: USA) announced that its rights offering, which closed on November 22, 2021, was fully subscribed. The offering will result in the issuance of 27,979,915 shares, exceeding the initial primary subscription of 22,383,932 shares, due to demand. The Subscription Price was set at $7.78, reflecting 95% of the net asset value on the expiration date. The Fund, with over $1.8 billion in net assets, does not continuously issue shares and trades based on market value.
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.
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