Liberty All-Star® Equity Fund August 2025 Monthly Update
MWN-AI** Summary
The August 2025 Monthly Update for the Liberty All-Star® Equity Fund (NYSE: USA) highlights the fund's ongoing strategies and performance metrics. The fund employs a large-cap core investment approach, integrating three value-oriented and two growth-oriented investment managers known for their consistent decision-making and strong long-term results. The selected firms include Aristotle Capital Management, Fiduciary Management, Pzena Investment Management for value, and Sustainable Growth Advisers and TCW Investment Management for growth.
As of August 31, 2025, the fund's top 20 holdings, which comprise 38% of the equity portfolio, include notable names such as Microsoft Corp. (4.7%), NVIDIA Corp. (4.6%), Alphabet, Inc. (2.9%), and Amazon.com, Inc. (2.8%). The fund reported a net asset value (NAV) increase from $6.84 at the beginning of the month to $7.01 by month’s end, reflecting a monthly performance gain of 2.49% and a year-to-date total return of 8.51%.
The fund’s market price improved from $6.52 to $6.60 during the month, yet it continues to trade at a discount to NAV, indicating a current market sentiment that may influence investor perceptions. Sector allocations reveal significant investments in Information Technology (23.7%) and Financials (19.9%), which underscore the fund's focus on areas poised for growth.
Two new holdings were added: PPG Industries and Spotify Technology, while Charter Communications and Workday were liquidated. The fund's strategy reflects an adaptable approach to market conditions and investor interests, ensuring that allocations are responsive to evolving economic dynamics. Investors should remain aware of the inherent risks associated with fund investments, including fluctuations in value and potential loss of principal.
MWN-AI** Analysis
The August 2025 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA) reveals an intriguing snapshot of the fund's performance and positioning, offering insights valuable for potential investors.
The fund's investment strategy is a blend of value and growth management with an emphasis on large-cap core stocks, utilizing the expertise of five different investment managers. This diversification is beneficial, allowing for a broader perspective in stock selection, which can mitigate risks associated with market volatility. The current sector allocation significantly favors Information Technology (23.7%) and Financials (19.9%), indicating a bullish stance on these sectors, which have shown resilience and growth potential amidst economic fluctuations.
Notably, the fund has reported a year-to-date performance of 8.51%, outperforming its market price performance of 2.16%. This discrepancy suggests the potential for future gains if market sentiment aligns with the underlying NAV, which has increased by 2.49% for the month. However, the fund's current trading discount of 5.8% below its NAV may present a buying opportunity for investors who believe in the fund's long-term value.
Investors should also consider the recent adjustments in holdings, including the addition of PPG Industries and Spotify, indicating a proactive management strategy responding to evolving market dynamics. In contrast, the liquidation of Charter Communications and Workday reflects a reassessment of growth trajectories in certain sectors.
In summary, Liberty All-Star Equity Fund presents a compelling investment for both growth and conservative investors, particularly given its diversified approach and strategic sector positioning. However, market participants should weigh the inherent risks, including potential fluctuations in value and the effects of broader economic conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the August 2025 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA).
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, August 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:
(38.0% of equity portfolio) | ||
1 | Microsoft Corp. | 4.7% |
2 | NVIDIA Corp. | 4.6% |
3 | Alphabet, Inc. | 2.9% |
4 | Amazon.com, Inc. | 2.8% |
5 | Capital One Financial Corp. | 2.4% |
6 | Meta Platforms, Inc. | 2.0% |
7 | Visa, Inc. | 1.7% |
8 | ServiceNow, Inc. | 1.7% |
9 | Charles Schwab Corp. | 1.4% |
10 | Fresenius Medical Care AG | 1.4% |
11 | Sony Group Corp. | 1.4% |
12 | S&P Global, Inc. | 1.4% |
13 | Synopsys, Inc. | 1.3% |
14 | Ferguson Enterprises, Inc. | 1.3% |
15 | Wells Fargo & Co. | 1.3% |
16 | UnitedHealth Group, Inc. | 1.2% |
17 | Booking Holdings, Inc. | 1.2% |
18 | CVS Health Corp. | 1.1% |
19 | Humana, Inc. | 1.1% |
20 | Broadcom Inc. | 1.1% |
Holdings are subject to change. |
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $6.84 | $6.52 | -4.7% |
End of month value | $7.01 | $6.60 | -5.8% |
Performance for month | 2.49% | 1.23% | |
Performance year-to-date | 8.51% | 2.16% |
Net Assets at Month-End ():
Total | $2,089.2 | |
Equities | $2,068.9 | |
Percent Invested | 99.0% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 23.7% | |
Financials | 19.9% | |
Health Care | 14.1% | |
Consumer Discretionary | 12.6% | |
Industrials | 10.6% | |
Communication Services | 6.1% | |
Consumer Staples | 4.8% | |
Materials | 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:
PPG Industries, Inc.
Spotify Technology SA
Holdings Liquidated:
Charter Communications, Inc.
Workday, Inc.
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 August 31, 2025 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250912361668/en/
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
FAQ**
What factors contributed to the positive performance of the Liberty All-Star Equity Fund USA in August 2025, with a monthly return of 2.49% despite a year-to-date return of 8.51%?
How do the investment strategies of the value and growth managers in the Liberty All-Star Equity Fund USA align with the current market conditions that influence its holdings?
Given that Liberty All-Star Equity Fund USA's top holdings include major tech companies, how does this sector concentration affect overall risk and potential returns for investors?
What are the implications of the fund trading at a discount to its net asset value, and how does this affect investment decisions for potential shareholders in the Liberty All-Star Equity Fund USA?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Equity Fund (NYSE: USA).
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