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Liberty All-Star Equity Fund December 2021 Monthly Update

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January 14, 2022 9:58 AM EST

BOSTON, Jan. 14, 2022 /PRNewswire/ -- Below is the December 2021 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)

Liberty All-Star Equity Fund Ticker: USA            Monthly Update, December, 2021

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

(32.1% of equity portfolio)

1

Alphabet, Inc.                          

2.7%

2

Amazon.com, Inc.                    

2.4%

3

Meta Platforms, Inc.                

2.2%

4

UnitedHealth Group, Inc.          

2.0%

5

Microsoft Corp.                       

2.0%

6

Adobe, Inc.                           

1.8%

7

Visa, Inc.                               

1.7%

8

PayPal Holdings, Inc.            

1.7%

9

Sony Group Corp.              

1.7%

10

Danaher Corp.                        

1.6%

11

salesforce.com, Inc.                      

1.5%

12

Berkshire Hathaway, Inc.          

1.4%

13

Charles Schwab Corp.               

1.3%

14

NVIDIA Corp.                           

1.2%

15

Masco Corp.                             

1.2%

16

ServiceNow, Inc.                      

1.2%

17

IHS Markit, Ltd.                      

1.2%

18

JPMorgan Chase & Co.         

1.1%

19

Capital One Financial Corp.     

1.1%

20

Netflix, Inc.                           

1.1%

Holdings are subject to change.

 

Monthly Performance:        

Performance                             

NAV         

Market Price

Premium

Beginning of month value         

$7.88

$8.22

4.3%

End of month value                     

$8.20

$8.38

2.2%

Performance for month               

4.06%

1.95%

Performance year-to-date           

23.95%

35.30%

           

Net Assets at Month-End ($millions)          

Total      

$2,083.6

Equities          

$2,042.8

Percent Invested    

98.0%

 

Sector Breakdown (% of equity portfolio)*                      

Information Technology       

21.1%

Financials                            

16.6%

Health Care                        

14.5%

Consumer Discretionary        

13.8%

Industrials                               

9.7%

Communication Services           

8.8%

Materials                                  

4.4%

Energy                                    

3.5%

Consumer Staples                 

3.2%

Real Estate                           

2.8%

Utilities                            

1.6%

Total Market Value             

100.0%

*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings None

Holdings Liquidated Novartis AG Splunk, Inc.

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 and exercised all primary rights in the Fund's rights offering. 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 2021 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 consists 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 December 31, 2021 unless otherwise noted.                       

Liberty All-Star® Equity Fund 1-800-241-1850 www.all-starfunds.com  [email protected]    

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-all-star-equity-fund-december-2021-monthly-update-301461273.html

SOURCE Liberty All-Star® Equity Fund


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