Liberty All-Star® Equity Fund September 2025 Monthly Update
MWN-AI** Summary
In the September 2025 Monthly Update for the Liberty All-Star® Equity Fund (NYSE: USA), the Fund maintains its approach of combining both value and growth investment strategies through a diversified management team. The investment style is predominantly large-cap core, blending contributions from three value-style managers—Aristotle Capital Management, Fiduciary Management, and Pzena Investment Management—with two growth-style managers—Sustainable Growth Advisers and TCW Investment Management.
As of the end of September, the Fund's net asset value (NAV) experienced a slight decrease, closing at $6.97, down 0.57% for the month. The market price also fell to $6.34, resulting in a discount of 9% to NAV. Year-to-date performance shows a more positive trend with an increase of 7.89% in NAV.
The Fund's equity portfolio consists of 38.3% in its top 20 holdings, prominently featuring tech giants such as NVIDIA (5.2%), Microsoft (4.9%), and Alphabet (3.3%). The sector breakdown reveals a heavy allocation in Information Technology (25.3%) and Financials (19.2%), showcasing the Fund's inclination towards sectors poised for growth.
For September, the Fund maintained a 97.5% investment ratio, highlighting its commitment to equities. Notably, Arista Networks, Inc. was introduced as a new holding during the month, with no liquidations reported.
Investors are cautioned regarding the inherent risks associated with fund investments, including potential fluctuations in value and loss of principal. While performance returns appear stable, actual results may vary based on market conditions. The Fund emphasizes that past performance is not indicative of future results, and shareholders should anticipate variations in the value of their investment.
MWN-AI** Analysis
As of September 2025, the Liberty All-Star® Equity Fund (NYSE: USA) showcases a balanced investment strategy through its combination of value and growth managers. The fund's customer-oriented approach remains appealing, especially in a volatile market environment where careful stock selection can yield favorable returns.
The monthly performance indicated a slight decline, with the net asset value (NAV) dropping from $7.01 to $6.97, a reduction of 0.57%. The market price also fell more significantly by 3.94% to $6.34. Investors should note the widening discount from NAV, which increased to 9% at month-end. This discount may present a potential buying opportunity for value-focused investors, especially considering the fund's year-to-date performance of 7.89% compared to a decline in market price.
The fund's top holdings, dominated by major players like NVIDIA, Microsoft, and Alphabet, collectively indicate a strong emphasis on technology (25.3% of the equity portfolio). This sector's growth potential could be a driving force for future returns, but investors should be cognizant of the inherent volatility. Financials also represent a significant portion (19.2%), suggesting that the managers are positioning the fund to capitalize on a projected recovery in this sector.
The fund's diversified sector allocations and stable base of large-cap equity investments offer a cushion against market fluctuations. Furthermore, the relatively high investment of 97.5% of assets reinforces the commitment to fully engage with market opportunities.
In conclusion, while recent performance may raise concerns, the underlying portfolio's strength and the potential for long-term growth merit attention. Investors might consider taking advantage of the current discount, but vigilance is essential given ongoing market ambiguities. As always, evaluate your risk tolerance before proceeding with any investments.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the September 2025 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA).
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, September 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:
(38.3% of equity portfolio) | ||
1 | NVIDIA Corp. | 5.2% |
2 | Microsoft Corp. | 4.9% |
3 | Alphabet, Inc. | 3.3% |
4 | Amazon.com, Inc. | 2.6% |
5 | Capital One Financial Corp. | 2.1% |
6 | Meta Platforms, Inc. | 2.0% |
7 | Service Now, Inc. | 1.7% |
8 | Visa, Inc. | 1.6% |
9 | Fresenius Medical Care AG | 1.5% |
10 | Charles Schwab Corp. | 1.4% |
11 | Wells Fargo & Co. | 1.3% |
12 | Ferguson Enterprises, Inc. | 1.3% |
13 | Sony Group Corp. | 1.3% |
14 | Synopsys, Inc. | 1.3% |
15 | S&P Global, Inc. | 1.2% |
16 | UnitedHealth Group, Inc. | 1.2% |
17 | Broadcom Inc. | 1.2% |
18 | Booking Holdings, Inc. | 1.1% |
19 | CVS Health Corp. | 1.1% |
20 | Parker-Hannifin Corp. | 1.0% |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $7.01 | $6.60 | -5.8% |
End of month value | $6.97 | $6.34 | -9.0% |
Performance for month | -0.57% | -3.94% | |
Performance year-to-date | 7.89% | -1.86% |
Net Assets at Month-End ():
Total | $2,076.9 |
Equities | $2,024.5 |
Percent Invested | 97.5% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 25.3% |
Financials | 19.2% |
Health Care | 13.8% |
Consumer Discretionary | 11.6% |
Industrials | 10.7% |
Communication Services | 6.5% |
Materials | 4.7% |
Consumer Staples | 4.6% |
Energy | 1.9% |
Utilities | 1.4% |
Real Estate | 0.3% |
Total Market Value | 100.0% |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
Arista Networks, 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 September 30, 2025 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251014879759/en/
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
FAQ**
How does the investment approach of Liberty All-Star Equity Fund USA, which combines value and growth managers, influence its overall performance under varying market conditions?
Given the heavy allocation to Information Technology in Liberty All-Star Equity Fund USA, how might future technological advancements impact the fund's performance and sector exposure?
What factors contributed to the recent decline in the market price for Liberty All-Star Equity Fund USA, despite a relatively stable NAV throughout September 2025?
Can you provide insights into the risk management strategies employed by Liberty All-Star Equity Fund USA to mitigate potential losses during market downturns?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Equity Fund (NYSE: USA).
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