Liberty All Star Equity Fund (USA)
NYSE NYSE Primary 
XFRA 
USA's 10% Yield: Nudging Novices In The Right Direction
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.
USA: Reduced Real Estate Exposure And Trades At Discount
Liberty All-Star Equity is a high-yield closed-end fund with a 9.8% dividend yield, managed by five different asset managers for a blended strategy of value and growth. The fund's price growth is limited due to high distributions but offers potential for income growth through reinvestment and compounding. USA's reduced real estate exposure and attractive discount to NAV make it a versatile option for retired investors seeking immediate income.
