Positive
Seeking Alpha
2 months ago
USA: Discount Opens Up, Creating A 'Buy' Opportunity (Upgrade)
Liberty All-Star Equity Fund now trades at a nearly 10% discount to NAV, reversing its prior premium level that it had started to trade at regularly. USA's largest allocation is tilted toward tech, with Magnificent 7 names in the top 10, which has pressured performance versus more value-oriented peers like GAB recently. The fund's managed 10% distribution policy is mostly funded by capital gains, with minimal net investment income due to low-yield tech holdings.