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The Liberty All-Star Equity Fund (NYSE: USA) released its April 2024 monthly update, highlighting its large-cap core fund strategy. The fund combines three value-style and two growth-style investment managers and holds top stocks like Microsoft, Alphabet, and NVIDIA, making up 34.1% of its equity portfolio.
By month's end, the net asset value (NAV) decreased to $6.69 from $7.21, while the market price dropped from $7.15 to $6.67. Performance for the month showed a -4.71% NAV return and a -4.20% market price return. However, the year-to-date performance remains positive at 4.40% NAV and 10.13% market price.
The fund’s sector allocation includes Information Technology (21.6%) and Financials (21.2%), among others. New holdings include American Water Works and Shopify, while liquidated holdings are Crown Castle and Nike.
Total net assets stand at $1,870.3 million with 99.7% invested in equities.