{"id":972178,"date":"2026-06-15T12:48:01","date_gmt":"2026-06-15T16:48:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/"},"modified":"2026-06-15T12:48:01","modified_gmt":"2026-06-15T16:48:01","slug":"liberty-all-star-equity-fund-may-2026-monthly-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/","title":{"rendered":"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth12 { width: 12% }\n.bwwidth17 { width: 17% }\n.bwwidth25 { width: 25% }\n.bwwidth47 { width: 47% }\n.bwwidth50 { width: 50% }\n.bwwidth7 { width: 7% }\n.bwwidth75 { width: 75% }\n.bwwidth81 { width: 81% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nLiberty All-Star\u00ae Equity Fund May 2026 Monthly Update<\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBelow is the May 2026 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA).<\/p>\n<p><b>Liberty All-Star Equity Fund<br \/>\n<br \/><\/b>Ticker: USA<br \/>\n<br \/>Monthly Update, May 2026<\/p>\n<p><b>Investment Approach:<br \/>\n<br \/><\/b>Fund Style: Large-Cap Core<br \/>\n<br \/>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.<\/p>\n<p><b>Investment Managers:<br \/>\n<br \/><\/b>Value Managers:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAristotle Capital Management, LLC<\/p>\n<\/li>\n<li>\nFiduciary Management, Inc.<\/p>\n<\/li>\n<li>\nPzena Investment Management, LLC<\/p>\n<\/li>\n<\/ul>\n<p>\nGrowth Managers:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSustainable Growth Advisers, LP<\/p>\n<\/li>\n<li>\nTCW Investment Management Company<\/p>\n<\/li>\n<\/ul>\n<p><b>Top 20 Holdings at Month-End:<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth50\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><i>(38.2% of equity portfolio)<\/i><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNVIDIA Corp.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n5.3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n2<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMicrosoft Corp.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n4.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n3<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAlphabet, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n3.9%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n4<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nBroadcom Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.7%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n5<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAmazon.com, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.4%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n6<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCapital One Financial Corp.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n7<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCDW Corp.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.8%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n8<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMeta Platforms, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n9<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nVisa, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.5%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n10<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHumana, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.4%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n11<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCharles Schwab Corp.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n12<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nBooking Holdings, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n13<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAccenture Ltd.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n14<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFresenius Medical Care AG<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n15<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSynopsys, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n16<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWells Fargo &amp; Co.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n17<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPNC Financial Services Group, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n18<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nApple, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n19<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEcolab, Inc.<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignl bwwidth7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n20<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwwidth81\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAramark<\/p>\n<\/td>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><i>Holdings are subject to change.<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Monthly Performance:<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth47\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPerformance<\/p>\n<\/td>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth11 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nNAV<\/p>\n<\/td>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMarket Price<\/p>\n<\/td>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth17 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nDiscount<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth47\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nBeginning of month value<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6.48<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5.85<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth17 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-9.7%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth47\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEnd of month value<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6.58<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5.84<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth17 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-11.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth47\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPerformance for month<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1.54%<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-0.17%<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth17 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth47\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPerformance year-to-date<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1.66%<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-1.72%<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth17 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Net Assets at Month-End ($millions):<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth50\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$2,029.3<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEquities<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$2,014.8<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPercent Invested<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n99.3%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Sector Breakdown* (% of equity portfolio):<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth50\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInformation Technology<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n28.5%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFinancials<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n19.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHealth Care<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n12.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndustrials<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n10.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nConsumer Discretionary<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n9.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCommunication Services<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n6.9%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMaterials<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n4.8%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nConsumer Staples<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n4.3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEnergy<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.9%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReal Estate<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUtilities<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n0.9%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth75\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal Market Value<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n100.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwpadl0 bwnowrap\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><i>*Based on Standard &amp; Poor&#8217;s and MSCI Global Industry Classification Standard (GICS).<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>New Holdings:<br \/>\n<br \/><\/b>Autodesk, Inc.<br \/>\n<br \/>KLA Corp.<br \/>\n<br \/>Workday, Inc.<\/p>\n<p><b>Holdings Liquidated:<br \/>\n<br \/><\/b>SYSCO Corp.<\/p>\n<p><i>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\u2019s 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.<\/i><\/p>\n<p><i>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.<\/i><\/p>\n<p><i>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.<\/i><\/p>\n<p><i>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 2026 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\u2019s 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\u2019s distributions) contained in shareholder 1099-DIV forms after the end of the year.<\/i><\/p>\n<p><i>All data is as of May 31, 2026 unless otherwise noted.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260615803922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260615803922\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260615803922\/en\/<\/a><\/span><\/p>\n<p>\nLiberty All-Star\u00ae Equity Fund<br \/>\n<br \/>1-800-241-1850<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.all-starfunds.com%2F&amp;esheet=54554116&amp;newsitemid=20260615803922&amp;lan=en-US&amp;anchor=www.all-starfunds.com&amp;index=1&amp;md5=dd617b469ff7916d7b18a590350ca846\">www.all-starfunds.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:libinfo@alpsinc.com\">libinfo@alpsinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260615803922\/en\/2831517\/3\/Business_Wire_Logo-_FINAL.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update BOSTON&#8211;(BUSINESS WIRE)&#8211; Below is the May 2026 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA). Liberty All-Star Equity Fund Ticker: USA Monthly Update, May 2026 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: \u00a0 (38.2% of equity portfolio) \u00a0 1 NVIDIA Corp. 5.3% 2 Microsoft Corp. 4.1% 3 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-972178","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update BOSTON&#8211;(BUSINESS WIRE)&#8211; Below is the May 2026 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA). Liberty All-Star Equity Fund Ticker: USA Monthly Update, May 2026 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: \u00a0 (38.2% of equity portfolio) \u00a0 1 NVIDIA Corp. 5.3% 2 Microsoft Corp. 4.1% 3 &hellip; Continue reading &quot;Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T16:48:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260615803922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update\",\"datePublished\":\"2026-06-15T16:48:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/\"},\"wordCount\":604,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260615803922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/liberty-all-star-equity-fund-may-2026-monthly-update\\\/\",\"name\":\"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update - 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Liberty All-Star Equity Fund Ticker: USA Monthly Update, May 2026 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: \u00a0 (38.2% of equity portfolio) \u00a0 1 NVIDIA Corp. 5.3% 2 Microsoft Corp. 4.1% 3 &hellip; Continue reading \"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-15T16:48:01+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260615803922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update","datePublished":"2026-06-15T16:48:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/"},"wordCount":604,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260615803922r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-may-2026-monthly-update\/","name":"Liberty All-Star\u00ae Equity Fund May 2026 Monthly Update - 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