Liberty All-Star Equity Fund (USA) Stock

TORONTO--(BUSINESS WIRE)--Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), today announced that it has duly filed and mailed its Notice of Meeting, Information Circular dated November 7, 2024 and form of proxy (collectively, the “Meeting Materials”) in connection with the upcoming special meeting of the shareholders of the Company (“Shareholders”) to be held on December 17, 2024 at 10:00 a.m. (Eastern Time) (the “Meeting”). Shareholders of rec.

Liberty All-Star Equity offers a high dividend yield but has consistently underperformed its benchmarks, making its high expense ratio unjustifiable. The fund's complex management structure with multiple managers creates friction and contributes to its poor performance compared to ETFs and other mutual funds. USA's 10% dividend yield is attractive to income investors, but it is primarily funded through share sales, limiting price appreciation.

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Liberty All-Star Equity offers a 10% dividend yield and combines tech exposure with diversification, making it ideal for passive income investors. The fund's portfolio includes top tech names like Nvidia, Microsoft, and Alphabet, with a strong focus on the AI theme. Achieving double-digit returns over the last decade, the fund has a low expense ratio of 0.93% and $2 billion in assets.

Liberty All-Star Equity offers a high yield of 10.67%, with a balanced allocation to value and growth investment managers. The USA fund's diversified portfolio includes top sectors like Tech and Financials, with notable holdings such as Nvidia and Capital One. Despite underperforming the S&P 500 recently, USA's attractive dividend yield and sector exposure make it a compelling buy.

A lot of income-focused investors would miss out on the power of diversified stocks if it weren't for closed-end funds like the Liberty All-Star Equity Fund, currently yielding 10.0%. However, a look under-the-hood reveals this popular fund is only an incremental improvement for many investors, and it omits many of the important qualities that make other funds so attractive. In this report, we review USA (including the strategy, distribution, expenses, leverage, holdings and price versus net asset value), and then conclude with our strong opinion on investing.

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Liberty All-Star Equity CEF offers a high distribution yield and a total return nearing 200% over the last 5 years. The fund's portfolio is diverse, with a focus on US equity markets. The fund has exposure to top-tier companies like Microsoft, NVIDIA, and Amazon. The current price of the fund is trading at a discount to NAV, making it an attractive entry point for investors.

The Liberty All-Star Equity Fund is a popular closed-end fund for retired investors due to its prudent management structure, responsible distribution policy, and transparency. However, investors may consider alternative options that offer more efficiency and flexibility, such as the Vanguard Total Stock Market Index Fund ETF. VTI has outperformed USA over the past ten years and has a lower expense ratio, making it a potentially better choice for investors looking to recreate USA's high yield strategy.