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.
Americas Gold and Silver Corporation (USA, USAS) reported a strong Q4-2020 for the Galena Complex, producing approximately 295,000 ounces of silver and 5.8 million pounds of lead, marking over 100% increase on an AgEq basis year-over-year. The company plans to escalate production to 1.8-2.0 million ounces of silver annually by 2022. However, commercial production at the Relief Canyon mine is delayed due to COVID-19 and winter weather, with expectations to commence by mid-January 2021. The recapitalization plan at Galena is ongoing, showcasing positive exploration results and increased mineral resource estimates.
The Liberty All-Star Equity Fund (NYSE: USA) released its monthly update for November 2020, highlighting its large-cap core investment strategy that utilizes both value and growth managers. The fund's net assets reached $1,528.8 million, with a 99.5% investment rate. November performance showed a 13.27% increase in NAV, while market price increased by 16.03%, although the fund traded at a -7.6% discount. Top holdings included Amazon.com, PayPal, and Adobe. A distribution of $0.16 per share was declared on November 12, 2020.
The Liberty All-Star Equity Fund (NYSE: USA) released its October 2020 update, highlighting that the fund employs a large-cap core investment strategy with a blend of value and growth managers. As of the end of October, the net assets totaled $1,382.7 million, with 97.3% of these being invested in equities. The fund's NAV decreased slightly from $6.46 to $6.43, reflecting a monthly performance of -0.46%. The top holdings include Amazon (2.6%) and PayPal (2.2%), with a sector allocation favoring Information Technology (22.1%).
Investors are advised to note potential risks and fluctuations associated with their investments.
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.16 per share, payable on January 4, 2021. This is part of the Fund's policy to distribute approximately 10% of its net asset value annually in four quarterly installments. Shareholders of record as of November 13, 2020 will receive this distribution. A portion may come from sources other than net income. Shares will be issued at the lower of the December 11, 2020 net asset value or market value.
The Liberty All-Star Equity Fund (NYSE: USA) released its September 2020 monthly update, reporting a net asset value (NAV) decline of -3.29% for the month, down to $6.46, while market price fell to $6.01, a -2.75% decrease. Total net assets were $1,389.8 million, with 97.7% invested in equities. The fund's top holdings include Amazon (2.7%) and Adobe (2.4%), reflecting a diversified investment strategy combining value and growth managers. Year-to-date performance shows a modest gain of 1.04%. The update highlights potential fluctuations in market conditions impacting future performance.
The Liberty All-Star Equity Fund (NYSE: USA) released its August 2020 Monthly Update, showing a net asset value (NAV) increase from $6.32 to $6.68. The fund's market price also rose from $5.90 to $6.18, reflecting a discount of -7.5% at month-end. The fund's performance for August was 5.70%, with a year-to-date performance of 4.49%. The fund's top holdings comprise technology and financial sectors, highlighting significant investments in companies like Amazon and Adobe. Total net assets reached $1,422.1 million, with 98.6% of assets invested in equities.
Liberty All-Star Equity Fund (USA) released its July 2020 Monthly Update, highlighting a total net asset value (NAV) of $1,344.3 million, with 98.7% invested in equities. The fund's monthly performance was positive, recording a return of 5.04%, while year-to-date performance was slightly negative at -1.08%. Key holdings included PayPal, Amazon, and Adobe, contributing to a diversified portfolio. The funds’ strategy incorporates value and growth managers, aiming for above-average long-term results.
The Liberty All-Star Equity Fund (NYSE: USA) released its June 2020 Monthly Update. The fund follows a large-cap core investment strategy, utilizing a mix of value and growth managers. As of June 30, 2020, total net assets were $1,314.7 million, with 96.5% invested in equities. The fund's top holdings include Adobe, PayPal, and Amazon, comprising 33.9% of the equity portfolio. The NAV rose 2.15% in June, while the market price increased 2.14%. Year-to-date performance shows a decline of -5.83% for NAV and -11.17% for market price.
The Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.16 per share, payable on September 8, 2020, to shareholders on record as of July 24, 2020. This distribution aligns with the fund's policy of approximately 10% of its net asset value per year, issued in four quarterly installments. Shareholders participating in the Dividend Reinvestment Plan will receive shares, while others can opt for cash. The fund manages over $1.3 billion in assets as of July 10, 2020.
The Liberty All-Star Equity Fund (NYSE: USA) released its May 2020 monthly update, highlighting a total net asset value of $1,276.1 million. The investment strategy combines five managers focusing on both value and growth styles. Key holdings include Adobe, PayPal, and Amazon, with a total allocation of 33.1% for the top 20 holdings. The fund's net asset value increased from $5.70 to $6.05, while the market price rose from $5.39 to $5.60.
Performance for May was reported at 6.14% (NAV) and 3.90% (market price), though year-to-date figures stand at -7.81% and -13.03%, respectively.
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