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 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.
The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.21 per share, payable on January 3, 2022, to shareholders recorded by November 19, 2021. This payment aligns with its distribution policy of approximately 10% of net asset value annually, issued quarterly. Shareholders can receive shares at the lower of the December 17, 2021 net asset value or market value. The Fund manages over $1.9 billion in net assets as of November 5, 2021.
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.
The Liberty All-Star Equity Fund (NYSE: USA) has announced a rights offering for its shareholders. The record date is set for October 15, 2021, with one right issued for each share held. Shareholders can purchase one additional share for every ten rights received. The offering will commence around October 21, 2021, and end on November 22, 2021. Purchase price will be 95% of the lower of net asset value or market price on the expiration date. A final Registration Statement with the SEC is pending. The Fund manages over $1.7 billion in net assets.
The Liberty All-Star Equity Fund (NYSE: USA) released its August 2021 Monthly Update. The fund employs a large-cap core investment strategy, utilizing five managers focusing on value and growth styles.
At the end of August, the fund reported a net asset value (NAV) of $8.30 and a market price of $8.52, reflecting a premium of 2.7%. The fund's year-to-date performance stands at 21.48% for NAV and 33.19% for market price. Total net assets amounted to $1.839 billion, with equities valued at $1.846 billion, indicating a 100.4% investment rate.
The Liberty All-Star Equity Fund (USA) reported its July 2021 Monthly Update, revealing a total net asset value of $1,782.7 million. The fund's investment strategy blends value and growth management, featuring top holdings like Alphabet (2.7%), Facebook (2.5%), and Amazon (2.4%). The Monthly Performance indicated a 1.60% increase in NAV, despite a market price decline of 4.09%, resulting in a premium of 5.0%. Year-to-date performance was strong at 17.85%. The fund remains fully invested, with 100.2% of net assets allocated across various sectors, predominantly in Information Technology (22.2%).
The Liberty All-Star Equity Fund (ticker: USA) provided its July 2021 Monthly Update, highlighting its investment strategy that combines value and growth-style managers. As of July 31, 2021, the fund had a net asset value (NAV) of $1,782.7 million, with a total equity portfolio invested at 100.2%. The fund performed 1.60% for the month and 17.85% year-to-date. Major holdings include Alphabet, Facebook, and Amazon. The report also mentions new investments in Ecolab and Pfizer.
The Liberty All-Star Equity Fund (NYSE: USA) has announced a rights offering for its shareholders, allowing them to purchase additional shares. Shareholders will receive non-transferable rights to acquire one share for every ten they hold, with options for over-subscription if demand exceeds supply. The subscription price will be set at 95% of either the net asset value or market price, whichever is lower. This offering is pending the effectiveness of a Registration Statement with the SEC. Liberty All-Star manages over $1.8 billion in net assets as of August 6, 2021.
The Liberty All-Star Equity Fund (NYSE: USA) released its June 2021 Monthly Update, showcasing its investment strategy combining value and growth management styles. The fund's total net assets reached $1,800.6 million, with a significant 97.6% of assets invested in equities. Notably, the month-end NAV was $8.13, reflecting a 1.75% performance return for June, while year-to-date performance stood at 15.99%. Key holdings include major companies like Alphabet, PayPal, and Amazon. The report emphasizes the fund's focus on large-cap core investments.
The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.21 per share, payable on September 7, 2021, to shareholders recorded by July 23, 2021. This distribution aligns with the Fund's annual policy of distributing approximately 10% of its net asset value in quarterly installments of 2.5%. Notably, part of the distribution may derive from sources other than net income. The shares issued will be based on the lower of the August 20, 2021 net asset value or market value. As of July 9, 2021, the Fund manages over $1.8 billion in assets.
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