Overview of Liberty All-Star Equity Fund
The Liberty All-Star Equity Fund is designed to provide investors with exposure to a well-managed investment portfolio. As a closed-end fund, it follows a unique investment strategy, incorporating both value and growth investment styles. With a focus on large-cap core holdings, it showcases a mix of diverse investment managers.
Investment Philosophy
At the heart of Liberty All-Star Equity Fund's strategy is a blend of three value-oriented and two growth-oriented managers. Each manager is selected based on a consistent investment philosophy, proven decision-making processes, and a track record of above-average long-term returns compared to similar managers.
Value Managers
The value segment of the fund is currently managed by:
- Aristotle Capital Management, LLC
- Fiduciary Management, Inc.
- Pzena Investment Management, LLC
Growth Managers
On the growth side, the fund’s investments are enhanced by experienced managers:
- Sustainable Growth Advisers, LP
- TCW Investment Management Company
Top Holdings Assessment
The top 20 holdings account for approximately 35.0% of the entire equity portfolio, showcasing a wide array of sectors and companies. The following table highlights some key investments as of the month-end:
| Holding | Percentage |
|---|---|
| Microsoft Corp. | 4.2% |
| NVIDIA Corp. | 3.7% |
| Alphabet, Inc. | 2.8% |
| Amazon.com, Inc. | 2.8% |
| UnitedHealth Group, Inc. | 2.0% |
Monthly Performance Insights
In December, the fund experienced a few fluctuations with performance statistics reflecting a -5.31% return for the month, against a market price drop of -4.79%. At the beginning of December, the net asset value (NAV) was $7.34 but ended the month at $6.95, indicating a significant change. Year-to-date, the fund has performed impressively with a 14.06% return, demonstrating its resilience and long-term potential.
Investment Holdings Changes
During the month, there were notable updates regarding the fund's investments. New holdings included:
- Allegion PLC
- Broadcom, Inc.
- Tyler Technologies, Inc.
Conversely, the fund liquidated positions in:
- Edison International
- Goldman Sachs Group, Inc.
- Home Depot, Inc.
- Omnicom Group, Inc.
Sector Allocation Breakdown
The fund's sector allocation remains quite diverse, with the following breakdown:
| Sector | Percentage of Portfolio |
|---|---|
| Information Technology | 23.7% |
| Financials | 20.0% |
| Health Care | 15.3% |
| Consumer Discretionary | 12.6% |
| Industrials | 9.1% |
Contact Information
Investors interested in learning more or seeking guidance can reach the Liberty All-Star Equity Fund at:
Phone: 1-800-241-1850
Email: libinfo@alpsinc.com
Frequently Asked Questions
What is the Liberty All-Star Equity Fund?
The Liberty All-Star Equity Fund is a closed-end fund focused on investing in large-cap equities through a mix of value and growth management strategies.
What are the recent performance statistics for December 2024?
For December 2024, the fund reported a -5.31% return while the year-to-date performance stands at 14.06%.
Who manages the fund's investments?
The fund utilizes a selection of experienced investment managers, including both value-oriented and growth-oriented firms.
What are the fund's top holdings as of recent updates?
Top holdings include significant stakes in Microsoft Corp., NVIDIA Corp., and Alphabet, Inc., among others.
How can I contact the Liberty All-Star Equity Fund for more information?
You can reach them at 1-800-241-1850 or via email at libinfo@alpsinc.com.
