Liberty All-Star Equity Fund reports recurring closed-end fund updates for its NYSE-listed shares under the symbol USA. The fund is a diversified closed-end management investment company that invests principally in equity securities and uses a multi-manager strategy combining three value-style and two growth-style investment managers.
Updates commonly cover monthly NAV and market-price performance, the trading discount or premium to net asset value, sector allocation, net assets, equity exposure, and total-return presentation. Distribution announcements describe the fund's quarterly distribution policy, potential sources of distributions, and the Dividend Reinvestment Plan, including share or cash election mechanics.
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.