Liberty All-Star Equity Fund

Frequently Asked Questions About USA

What does USA invest in?

The Liberty All-Star Equity Fund operates as a closed-end investment vehicle focused on equities. ALPS Advisers, Inc. serves as its principal manager, with co-management responsibilities shared among Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company. The fund's strategy involves allocating capital to public companies within the United States, specifically targeting a diverse array of sectors. Its primary focus is on large-capitalization stocks, embracing both value and growth investment philosophies. To assess its performance, the fund compares its portfolio against the Lipper Large-Cap Core Mutual Fund Average, the Dow Jones Industrial Average, the NASDAQ Composite Index, and the S&P 500 Index. This U.S.-domiciled fund was established on October 31, 1986.

What is the expense ratio of USA?

Liberty All-Star Equity Fund (USA) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is USA?

Liberty All-Star Equity Fund (USA) manages $1.75B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is USA actively managed or an index fund?

USA is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (USA's is 0.89%) because there's no security selection cost.

When was USA launched?

Liberty All-Star Equity Fund (USA) launched in October 1986 and is managed by the fund issuer.

How has USA performed?

USA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.