BOSTON, July 17,
2024 /PRNewswire/ -- Below is the June 2024 Monthly Update for the Liberty All-Star
Equity Fund (NYSE: USA).
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, June 2024
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:
|
|
(34.2% of equity
portfolio)
|
|
|
1
|
Microsoft
Corp.
|
4.2 %
|
|
2
|
NVIDIA Corp.
|
3.6 %
|
|
3
|
Alphabet,
Inc.
|
3.3 %
|
|
4
|
Amazon.com,
Inc.
|
2.7 %
|
|
5
|
UnitedHealth Group,
Inc.
|
2.1 %
|
|
6
|
ServiceNow,
Inc.
|
1.8 %
|
|
7
|
Visa, Inc.
|
1.8 %
|
|
8
|
S&P Global,
Inc.
|
1.4 %
|
|
9
|
Meta Platforms,
Inc.
|
1.3 %
|
|
10
|
Capital One Financial
Corp.
|
1.3 %
|
|
11
|
Danaher
Corp.
|
1.2 %
|
|
12
|
Salesforce,
Inc.
|
1.1 %
|
|
13
|
Ecolab, Inc.
|
1.1 %
|
|
14
|
Adobe, Inc.
|
1.1 %
|
|
15
|
Dollar General
Corp.
|
1.1 %
|
|
16
|
Charles Schwab
Corp.
|
1.1 %
|
|
17
|
Fresenius Medical Care
AG
|
1.0 %
|
|
18
|
Citigroup,
Inc.
|
1.0 %
|
|
19
|
Ferguson
PLC
|
1.0 %
|
|
20
|
Autodesk,
Inc.
|
1.0 %
|
Holdings are subject to change.
|
Monthly
Performance:
|
|
Performance
|
NAV
|
Market Price
|
Discount
|
|
Beginning of month
value
|
$6.88
|
$6.72
|
-2.3 %
|
|
End of month
value
|
$7.02
|
$6.80
|
-3.1 %
|
|
Performance for
month
|
2.03 %
|
1.19 %
|
|
|
Performance
year-to-date
|
9.50 %
|
12.22 %
|
|
|
Net Assets at
Month-End ($millions):
|
|
Total
|
$1,983.3
|
|
Equities
|
$1,929.7
|
|
Percent
Invested
|
97.3 %
|
|
Sector Breakdown* (%
of equity portfolio):
|
|
Information
Technology
|
23.9 %
|
|
Financials
|
20.2 %
|
|
Health Care
|
14.7 %
|
|
Consumer
Discretionary
|
12.3 %
|
|
Industrials
|
7.6 %
|
|
Communication
Services
|
6.8 %
|
|
Consumer
Staples
|
5.2 %
|
|
Materials
|
4.7 %
|
|
Energy
|
2.2 %
|
|
Utilities
|
1.8 %
|
|
Real Estate
|
0.6 %
|
|
Total Market
Value
|
100.0 %
|
*Based on Standard & Poor's and MSCI Global Industry
Classification Standard (GICS).
New Holdings:
Apple, Inc.
GE Aerospace
Holdings Liquidated:
American International Group,
Inc.
IQVIA Holdings, Inc.
Sherwin-Williams Co.
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 2024 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 consist 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 June 30, 2024
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