Liberty All-Star Equity Fund's Latest Performance Insights

Author: Evelyn Baker Updated: 09-18-2024 01:15 PM

Latest Update on Liberty All-Star Equity Fund

The Liberty All-Star Equity Fund, ticker USA, has recently released its performance insights for the month of August. This update provides a detailed overview of the fund’s strategy, top holdings, and significant changes over the month.

Investment Approach of the Fund

This fund adopts a well-rounded investment approach, primarily focusing on large-cap core investments. It strategically combines the expertise of three value-style and two growth-style investment managers. Each manager is selected based on a consistent investment philosophy, a proven decision-making process, and strong long-term performance relative to peers.

Value and Growth Managers

Among the value managers, notable firms include Aristotle Capital Management, Fiduciary Management, and Pzena Investment Management, all of which contribute a wealth of experience. Growth managers such as Sustainable Growth Advisers and TCW Investment Management Company also play a crucial role in the fund's strategy, enhancing its diversified holdings.

Portfolio Holdings Overview

At the end of August, the Liberty All-Star Equity Fund showcased a robust portfolio. Its top holdings include technology giants like Microsoft Corp., NVIDIA Corp., and Amazon.com, Inc. These leading organizations reflect a strategic focus on high-growth sectors, including information technology and consumer discretionary items.

Top 5 Holdings

The top five holdings represent a significant portion of the fund's equity portfolio:

Microsoft Corp. - 3.6%
NVIDIA Corp. - 3.4%
Amazon.com, Inc. - 2.6%
Alphabet, Inc. - 2.6%
UnitedHealth Group, Inc. - 2.3%

Performance Metrics

Performance data for August indicate that the fund began the month with a net asset value (NAV) of $7.00 and ended at $7.10, demonstrating positive growth. The market price also experienced a favorable shift, reflecting healthy market conditions.

Monthly and Year-to-Date Performance

For the month, the fund achieved a performance return of 1.43%, with a year-to-date return of 13.65%. This positive trend underscores the fund's resilience and strategic positioning amid fluctuating market conditions.

Sector Allocation

The fund’s sector breakdown reveals a diverse investment strategy, with the largest allocations in:

Information Technology: 22.8%
Financials: 20.9%
Health Care: 15.3%
Consumer Discretionary: 12.9%
Industrials: 8.3%

Changes in Holdings

This month, Delta Air Lines, Inc. was introduced as a new holding in the portfolio, reflecting a strategic move to diversify within the transportation sector. Notably, no holdings were liquidated, showcasing confidence in existing investments.

Market Insights

The fund managed to maintain a percent invested of 98.2%, indicating a strong commitment to equity investments. During this period, favorable market dynamics contributed to overall asset growth, and the fund's strategy appears well-positioned to navigate future market fluctuations.

Contact Information

For further inquiries regarding the Liberty All-Star Equity Fund, please reach out via the following:

Phone: 1-800-241-1850

Email: libinfo@alpsinc.com

Frequently Asked Questions

What is the focus of the Liberty All-Star Equity Fund?

The fund focuses on large-cap core investments by combining value and growth strategies through multiple experienced managers.

Who are the main investment managers for this fund?

The investment managers include Aristotle Capital Management, Sustainable Growth Advisers, and TCW Investment Management Company.

What were the top holdings at the end of August 2024?

Top holdings included Microsoft, NVIDIA, Amazon, Alphabet, and UnitedHealth Group.

What was the fund's performance for August?

The fund posted a monthly return of 1.43%, with a year-to-date return of 13.65%.

What sectors does the fund primarily invest in?

The largest sector allocations include Information Technology, Financials, and Health Care, among others.

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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.