Liberty All-Star® Equity Fund January 2025 Monthly Update
Rhea-AI Summary
The Liberty All-Star Equity Fund (NYSE: USA) has released its January 2025 monthly update. The fund, which combines three value-style and two growth-style investment managers, reported total net assets of $2,046.9 million with 99.7% invested in equities. The fund's NAV increased from $6.95 to $7.09, achieving a 4.46% performance for the month, while the market price rose from $6.95 to $7.12, representing a 4.90% return.
The fund's portfolio is heavily weighted in Information Technology (23.2%), Financials (20.0%), and Health Care (15.8%). The top holdings include Microsoft (4.0%), NVIDIA (3.3%), and Alphabet (2.9%). The fund distributed $0.17 per share on January 24th and added Air Products & Chemicals as a new holding during the month.
Positive
- Strong monthly performance with 4.46% NAV increase and 4.90% market price return
- Trading at a premium of 0.4% to NAV
- High investment rate with 99.7% of assets invested in equities
- Well-diversified portfolio across sectors with strong technology and financial exposure
Negative
- None.
Liberty All-Star Equity Fund
Ticker:
Monthly Update, January 2025
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: | ||
( | ||
1 | Microsoft Corp. | 4.0 % |
2 | NVIDIA Corp. | 3.3 % |
3 | Alphabet, Inc. | 2.9 % |
4 | Amazon.com, Inc. | 2.9 % |
5 | UnitedHealth Group, Inc. | 2.1 % |
6 | Meta Platforms, Inc. | 2.1 % |
7 | Visa, Inc. | 1.9 % |
8 | ServiceNow, Inc. | 1.6 % |
9 | Capital One Financial Corp. | 1.6 % |
10 | Fresenius Medical Care AG | 1.4 % |
11 | S&P Global, Inc. | 1.4 % |
12 | Charles Schwab Corp. | 1.3 % |
13 | Sony Group Corp. | 1.2 % |
14 | CVS Health Corp. | 1.2 % |
15 | Danaher Corp. | 1.1 % |
16 | Ecolab, Inc. | 1.1 % |
17 | Baxter International, Inc. | 1.1 % |
18 | Berkshire Hathaway, Inc. | 1.0 % |
19 | Booking Holdings, Inc. | 1.0 % |
20 | Gartner, Inc. | 1.0 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Premium/(Discount) |
Beginning of month value | 0.0 % | ||
Distributions (Ex-Date January 24th) | |||
End of month value | 0.4 % | ||
Performance for month | 4.46 % | 4.90 % | |
Performance year-to-date | 4.46 % | 4.90 % | |
Net Assets at Month-End ($millions): | |
Total | |
Equities | |
Percent Invested | 99.7 % |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 23.2 % |
Financials | 20.0 % |
Health Care | 15.8 % |
Consumer Discretionary | 12.4 % |
Industrials | 9.4 % |
Communication Services | 6.9 % |
Consumer Staples | 4.5 % |
Materials | 4.3 % |
Energy | 1.8 % |
Utilities | 1.3 % |
Real Estate | 0.4 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). | |
New Holdings:
Air Products & Chemicals, Inc.
Holdings Liquidated:
None
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 2025 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 January 31, 2025 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
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