Liberty All-Star® Equity Fund November 2024 Monthly Update

Investment Approach - The Liberty All-Star Equity Fund employs a large-cap core investment style, combining three value-style and two growth-style investment managers, focusing on consistent investment philosophy and above-average long-term results compared to peers [1][2]. Top Holdings - The top 20 holdings represent 34.5% of the equity portfolio, with Microsoft Corp. at 4.0%, NVIDIA Corp. at 3.7%, and Amazon.com, Inc. at 2.7% [2]. Monthly Performance - The net asset value (NAV) at the beginning of November was $7.07, with distributions of $0.18 on November 15, leading to an end-of-month value of $7.34. The performance for the month was 6.38%, and year-to-date performance was 20.39% [2][5]. Net Assets and Sector Breakdown - As of the end of November, total net assets were $2,096.4 million, with 99.6% invested in equities. The sector breakdown includes Information Technology (22.5%), Financials (21.3%), and Health Care (14.5%) [5]. Market Price and Discount - The market price of the fund was $7.03, reflecting a discount of -0.6% to the NAV. The market price at the end of the month was $7.30, with a discount of -0.5% [4].