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USA CEF — Liberty All-Star Equity Fund
Liberty All-Star Equity Fund (USA)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
USA's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (69/100, high confidence). It pays quarterly and its distribution rate is 11.41%. The latest total cash payment per current share, $0.17 with an ex-date of July 16, 2026, was 13.3% higher than the previous $0.15. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Liberty Funds page for USA, Section 19a-1 notices, scoring methodology.
USA is a CEF. Its distribution rate is 11.41%, its trailing-12-month yield is 11.24%, its expense ratio is 1.026%. Dividend Vision Distribution Safety Score™ is 69/100 (Generally safe). Total return is 3110.0% over the past 40 years.
USA dividend yield and income
Price as of 2026-11-06.
The distribution rate (11.41%) has no calculation basis on file. Trailing-12-month yield (11.24%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.17. The ex-dividend date is 07/16/2026. The payment date is 08/31/2026.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-07-16 | $0.17 | $0.17 | 13.3% Total cash (unclassified) |
| 2026-04-16 | $0.15 | $0.15 | -16.7% Total cash (unclassified) |
| 2026-01-22 | $0.18 | $0.18 | 5.9% Total cash (unclassified) |
| 2025-11-14 | $0.17 | $0.17 | -5.6% Total cash (unclassified) |
| 2025-07-18 | $0.18 | $0.18 | 20.0% Total cash (unclassified) |
| 2025-04-17 | $0.15 | $0.15 | -11.8% Total cash (unclassified) |
| 2025-01-24 | $0.17 | $0.17 | -5.6% Total cash (unclassified) |
| 2024-11-15 | $0.18 | $0.18 | 0.0% Total cash (unclassified) |
| 2024-07-19 | $0.18 | $0.18 | 0.0% Total cash (unclassified) |
| 2024-04-18 | $0.18 | $0.18 | 5.9% Total cash (unclassified) |
| 2024-01-18 | $0.17 | $0.17 | N/A |
| 2023-11-16 | $0.15 | $0.15 | -6.3% Total cash (unclassified) |
| 2023-07-20 | $0.16 | $0.16 | 6.7% Total cash (unclassified) |
| 2023-04-20 | $0.15 | $0.15 | 0.0% Total cash (unclassified) |
| 2023-01-19 | $0.15 | $0.15 | N/A |
| 2022-11-17 | $0.15 | $0.15 | -6.3% Total cash (unclassified) |
| 2022-07-21 | $0.16 | $0.16 | -11.1% Total cash (unclassified) |
| 2022-04-21 | $0.18 | $0.18 | -10.0% Total cash (unclassified) |
| 2022-01-20 | $0.2 | $0.2 | N/A |
| 2021-11-18 | $0.21 | $0.21 | 0.0% Total cash (unclassified) |
| 2021-07-22 | $0.21273 | $0.21 | 5.0% Total cash (unclassified) |
| 2021-04-22 | $0.2026 | $0.2 | 5.3% Total cash (unclassified) |
| 2021-01-21 | $0.19247 | $0.19 | 18.8% Total cash (unclassified) |
| 2020-11-12 | $0.16208 | $0.16 | 0.0% Total cash (unclassified) |
| 2020-07-23 | $0.16208 | $0.16 | 14.3% Total cash (unclassified) |
| 2020-04-23 | $0.14182 | $0.14 | -17.6% Total cash (unclassified) |
| 2020-01-23 | $0.17221 | $0.17 | 0.0% Total cash (unclassified) |
| 2019-11-14 | $0.17221 | $0.17 | 0.0% Total cash (unclassified) |
| 2019-07-25 | $0.17221 | $0.17 | 0.0% Total cash (unclassified) |
| 2019-04-25 | $0.17221 | $0.17 | 13.3% Total cash (unclassified) |
| 2019-01-24 | $0.15195 | $0.15 | -6.3% Total cash (unclassified) |
| 2018-11-15 | $0.16208 | $0.16 | -5.9% Total cash (unclassified) |
| 2018-07-26 | $0.17221 | $0.17 | 0.0% Total cash (unclassified) |
| 2018-04-26 | $0.17221 | $0.17 | -5.6% Total cash (unclassified) |
| 2018-01-25 | $0.18234 | $0.18 | 5.9% Total cash (unclassified) |
| 2017-11-16 | $0.17221 | $0.17 | 30.8% Total cash (unclassified) |
| 2017-07-26 | $0.13169 | $0.13 | 0.0% Total cash (unclassified) |
| 2017-04-26 | $0.13169 | $0.13 | 0.0% Total cash (unclassified) |
| 2017-02-15 | $0.13169 | $0.13 | 8.3% Total cash (unclassified) |
| 2016-10-26 | $0.12156 | $0.12 | 0.0% Total cash (unclassified) |
| 2016-07-27 | $0.12156 | $0.12 | 0.0% Total cash (unclassified) |
| 2016-04-27 | $0.12156 | $0.12 | 0.0% Total cash (unclassified) |
| 2016-01-20 | $0.12156 | $0.12 | -7.7% Total cash (unclassified) |
| 2015-10-28 | $0.13169 | $0.13 | -7.1% Total cash (unclassified) |
| 2015-07-29 | $0.14182 | $0.14 | 0.0% Total cash (unclassified) |
| 2015-04-29 | $0.14182 | $0.14 | 40.0% Total cash (unclassified) |
| 2015-01-21 | $0.1013 | $0.1 | 11.1% Total cash (unclassified) |
| 2014-10-29 | $0.09117 | $0.09 | -10.0% Total cash (unclassified) |
| 2014-07-30 | $0.1013 | $0.1 | 0.0% Total cash (unclassified) |
| 2014-04-30 | $0.1013 | $0.1 | 0.0% Total cash (unclassified) |
| 2014-01-22 | $0.1013 | $0.1 | 0.0% Total cash (unclassified) |
| 2013-10-30 | $0.1013 | $0.1 | 11.1% Total cash (unclassified) |
| 2013-07-31 | $0.09117 | $0.09 | 12.5% Total cash (unclassified) |
| 2013-05-01 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2013-01-23 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2012-10-31 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2012-08-01 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2012-05-23 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2012-02-22 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2011-12-14 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2011-08-24 | $0.08104 | $0.08 | -11.1% Total cash (unclassified) |
| 2011-05-25 | $0.09117 | $0.09 | 0.0% Total cash (unclassified) |
| 2011-02-23 | $0.09117 | $0.09 | 12.5% Total cash (unclassified) |
| 2010-12-15 | $0.08104 | $0.08 | 14.3% Total cash (unclassified) |
| 2010-08-25 | $0.07091 | $0.07 | -12.5% Total cash (unclassified) |
| 2010-05-26 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2010-02-24 | $0.08104 | $0.08 | 0.0% Total cash (unclassified) |
| 2009-12-16 | $0.08104 | $0.08 | 14.3% Total cash (unclassified) |
| 2009-08-26 | $0.07091 | $0.07 | 16.7% Total cash (unclassified) |
| 2009-05-06 | $0.06078 | $0.06 | N/A |
| 2009-01-28 | $0.1013 | $0.1 | N/A |
| 2008-12-10 | $0.1013 | $0.1 | -41.2% Total cash (unclassified) |
| 2008-08-27 | $0.17221 | $0.17 | -10.5% Total cash (unclassified) |
| 2008-05-28 | $0.19247 | $0.19 | 0.0% Total cash (unclassified) |
| 2008-02-27 | $0.19247 | $0.19 | -13.6% Total cash (unclassified) |
| 2007-11-07 | $0.22286 | $0.22 | 0.0% Total cash (unclassified) |
| 2007-08-08 | $0.22286 | $0.22 | -4.3% Total cash (unclassified) |
| 2007-05-09 | $0.23299 | $0.23 | 0.0% Total cash (unclassified) |
| 2007-02-28 | $0.23299 | $0.23 | 4.5% Total cash (unclassified) |
| 2006-11-08 | $0.22286 | $0.22 | 4.8% Total cash (unclassified) |
| 2006-08-30 | $0.21273 | $0.21 | -4.5% Total cash (unclassified) |
| 2006-05-31 | $0.22286 | $0.22 | -4.3% Total cash (unclassified) |
| 2006-03-01 | $0.23299 | $0.23 | 9.5% Total cash (unclassified) |
| 2005-11-08 | $0.21273 | $0.21 | -8.7% Total cash (unclassified) |
| 2005-08-03 | $0.23299 | $0.23 | 9.5% Total cash (unclassified) |
| 2005-05-11 | $0.21273 | $0.21 | -4.5% Total cash (unclassified) |
| 2005-02-02 | $0.22286 | $0.22 | 0.0% Total cash (unclassified) |
| 2004-11-09 | $0.22286 | $0.22 | 4.8% Total cash (unclassified) |
| 2004-08-11 | $0.21273 | $0.21 | -4.5% Total cash (unclassified) |
| 2004-05-12 | $0.22286 | $0.22 | -8.3% Total cash (unclassified) |
| 2004-02-25 | $0.24312 | $0.24 | 9.1% Total cash (unclassified) |
| 2003-11-12 | $0.22286 | $0.22 | 10.0% Total cash (unclassified) |
| 2003-08-13 | $0.2026 | $0.2 | 5.3% Total cash (unclassified) |
| 2003-05-14 | $0.19247 | $0.19 | 11.8% Total cash (unclassified) |
| 2003-02-26 | $0.17221 | $0.17 | -10.5% Total cash (unclassified) |
| 2002-11-13 | $0.19247 | $0.19 | -5.0% Total cash (unclassified) |
| 2002-08-28 | $0.2026 | $0.2 | -16.7% Total cash (unclassified) |
| 2002-05-15 | $0.24312 | $0.24 | -4.0% Total cash (unclassified) |
| 2002-02-27 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 2001-11-14 | $0.25325 | $0.25 | -19.4% Total cash (unclassified) |
| 2001-08-15 | $0.31403 | $0.31 | 0.0% Total cash (unclassified) |
| 2001-05-16 | $0.31403 | $0.31 | -6.1% Total cash (unclassified) |
| 2001-02-28 | $0.33429 | $0.33 | -8.3% Total cash (unclassified) |
| 2000-11-15 | $0.36468 | $0.36 | -2.7% Total cash (unclassified) |
| 2000-08-30 | $0.37481 | $0.37 | 2.8% Total cash (unclassified) |
| 2000-05-31 | $0.36468 | $0.36 | 9.1% Total cash (unclassified) |
| 2000-03-01 | $0.33429 | $0.33 | -2.9% Total cash (unclassified) |
| 1999-11-17 | $0.34442 | $0.34 | 0.0% Total cash (unclassified) |
| 1999-08-18 | $0.34442 | $0.34 | -8.1% Total cash (unclassified) |
| 1999-05-19 | $0.37481 | $0.37 | 8.8% Total cash (unclassified) |
| 1999-03-03 | $0.34442 | $0.34 | 0.0% Total cash (unclassified) |
| 1998-11-18 | $0.34442 | $0.34 | 0.0% Total cash (unclassified) |
| 1998-08-19 | $0.34442 | $0.34 | -5.6% Total cash (unclassified) |
| 1998-05-20 | $0.36468 | $0.36 | 2.9% Total cash (unclassified) |
| 1998-03-04 | $0.35455 | $0.35 | 2.9% Total cash (unclassified) |
| 1997-11-19 | $0.34442 | $0.34 | -2.9% Total cash (unclassified) |
| 1997-08-20 | $0.35455 | $0.35 | 9.4% Total cash (unclassified) |
| 1997-05-21 | $0.32416 | $0.32 | 0.0% Total cash (unclassified) |
| 1997-03-05 | $0.32416 | $0.32 | 3.2% Total cash (unclassified) |
| 1996-11-19 | $0.31403 | $0.31 | 10.7% Total cash (unclassified) |
| 1996-08-28 | $0.28364 | $0.28 | -6.7% Total cash (unclassified) |
| 1996-05-29 | $0.3039 | $0.3 | 27.7% Total cash (unclassified) |
| 1996-03-06 | $0.23806 | $0.235 | -16.1% Total cash (unclassified) |
| 1995-11-29 | $0.28364 | $0.28 | 12.0% Total cash (unclassified) |
| 1995-08-30 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 1995-05-26 | $0.25325 | $0.25 | 2.0% Total cash (unclassified) |
| 1995-02-27 | $0.24819 | $0.245 | -2.0% Total cash (unclassified) |
| 1994-11-28 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 1994-08-29 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 1994-05-27 | $0.25325 | $0.25 | -3.8% Total cash (unclassified) |
| 1994-02-28 | $0.26338 | $0.26 | -2.6% Total cash (unclassified) |
| 1993-11-29 | $0.27047 | $0.267 | 0.0% Total cash (unclassified) |
| 1993-08-30 | $0.27047 | $0.267 | 0.8% Total cash (unclassified) |
| 1993-05-28 | $0.26845 | $0.265 | -1.9% Total cash (unclassified) |
| 1993-03-01 | $0.27351 | $0.27 | 0.0% Total cash (unclassified) |
| 1992-11-30 | $0.27351 | $0.27 | 3.8% Total cash (unclassified) |
| 1992-08-31 | $0.26338 | $0.26 | N/A |
| 1992-06-22 | $0.27351 | $0.27 | 0.0% Total cash (unclassified) |
| 1992-02-13 | $0.27351 | $0.27 | 3.8% Total cash (unclassified) |
| 1991-11-26 | $0.26338 | $0.26 | 0.0% Total cash (unclassified) |
| 1991-08-30 | $0.26338 | $0.26 | 4.0% Total cash (unclassified) |
| 1991-06-03 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 1991-03-04 | $0.25325 | $0.25 | 19.0% Total cash (unclassified) |
| 1990-12-03 | $0.21273 | $0.21 | -4.5% Total cash (unclassified) |
| 1990-09-10 | $0.22286 | $0.22 | -12.0% Total cash (unclassified) |
| 1990-06-11 | $0.25325 | $0.25 | 13.6% Total cash (unclassified) |
| 1990-03-12 | $0.22286 | $0.22 | -8.3% Total cash (unclassified) |
| 1989-12-04 | $0.24312 | $0.24 | -4.0% Total cash (unclassified) |
| 1989-09-11 | $0.25325 | $0.25 | 4.2% Total cash (unclassified) |
| 1989-06-12 | $0.24312 | $0.24 | 9.1% Total cash (unclassified) |
| 1989-03-13 | $0.22286 | $0.22 | 10.0% Total cash (unclassified) |
| 1988-12-05 | $0.2026 | $0.2 | 0.0% Total cash (unclassified) |
| 1988-09-12 | $0.2026 | $0.2 | 0.0% Total cash (unclassified) |
| 1988-06-14 | $0.2026 | $0.2 | 400.0% Total cash (unclassified) |
| 1988-03-14 | $0.04052 | $0.04 | -84.0% Total cash (unclassified) |
| 1987-12-07 | $0.25325 | $0.25 | 0.0% Total cash (unclassified) |
| 1987-09-21 | $0.25325 | $0.25 | -58.3% Total cash (unclassified) |
| 1987-08-05 | $0.6078 | $0.6 | 1900.0% Total cash (unclassified) |
| 1987-06-15 | $0.03039 | $0.03 | -40.0% Total cash (unclassified) |
| 1987-03-16 | $0.05065 | $0.05 | — |
| 1987 total | — | $1.18 | — |
| 1988 total | — | $0.64 | -45.8% |
| 1989 total | — | $0.95 | 48.4% |
| 1990 total | — | $0.9 | -5.3% |
| 1991 total | — | $1.02 | 13.3% |
| 1992 total | — | $1.07 | 4.9% |
| 1993 total | — | $1.069 | -0.1% |
| 1994 total | — | $1.01 | -5.5% |
| 1995 total | — | $1.025 | 1.5% |
| 1996 total | — | $1.125 | 9.8% |
| 1997 total | — | $1.33 | 18.2% |
| 1998 total | — | $1.39 | 4.5% |
| 1999 total | — | $1.39 | 0.0% |
| 2000 total | — | $1.42 | 2.2% |
| 2001 total | — | $1.2 | -15.5% |
| 2002 total | — | $0.88 | -26.7% |
| 2003 total | — | $0.78 | -11.4% |
| 2004 total | — | $0.89 | 14.1% |
| 2005 total | — | $0.87 | -2.2% |
| 2006 total | — | $0.88 | 1.1% |
| 2007 total | — | $0.9 | 2.3% |
| 2008 total | — | $0.65 | -27.8% |
| 2009 total | — | $0.31 | -52.3% |
| 2010 total | — | $0.31 | 0.0% |
| 2011 total | — | $0.34 | 9.7% |
| 2012 total | — | $0.32 | -5.9% |
| 2013 total | — | $0.35 | 9.4% |
| 2014 total | — | $0.39 | 11.4% |
| 2015 total | — | $0.51 | 30.8% |
| 2016 total | — | $0.48 | -5.9% |
| 2017 total | — | $0.56 | 16.7% |
| 2018 total | — | $0.68 | 21.4% |
| 2019 total | — | $0.66 | -2.9% |
| 2020 total | — | $0.63 | -4.5% |
| 2021 total | — | $0.81 | 28.6% |
| 2022 total | — | $0.69 | -14.8% |
| 2023 total | — | $0.61 | -11.6% |
| 2024 total | — | $0.71 | 16.4% |
| 2025 total | — | $0.67 | -5.6% |
| 2026 YTD total | — | $0.5 | 0.0% vs prior-year YTD |
USA dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -1.5%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -26.83%.
| Window | Change |
|---|---|
| 1Y | -1.5% |
| 3Y | 9.8% |
| 5Y | -11.8% |
| 10Y | 36.7% |
USA holdings and sector exposure
The top 10 holdings are 20.3% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| — | State Street Instl US Govt MMkt Premier | 2.94% |
| — | Amazon.com Inc | 2.47% |
| — | Meta Platforms Inc Class A | 2.12% |
| — | Alphabet Inc Class C | 2.11% |
| — | Microsoft Corp | 1.89% |
| — | Visa Inc Class A | 1.80% |
| — | Salesforce.com Inc | 1.78% |
| — | UnitedHealth Group Inc | 1.73% |
| — | JPMorgan Chase & Co | 1.71% |
| — | PayPal Holdings Inc | 1.70% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
USA performance
Total return is 3110.0% over the past 40 years. Over the past year its total return — price change plus distributions reinvested — is 5.5%. Its deepest 1-year drawdown was 13.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.6% | — |
| 3M | -1.3% | — |
| 6M | 4.5% | — |
| YTD | 2.1% | — |
| 1Y | 5.5% | — |
| 2Y CAGR | — | 0.60% |
| 3Y CAGR | — | 9.60% |
| 5Y CAGR | — | 2.90% |
| 10Y CAGR | — | 12.90% |
| Since 1986-10-24 (first price on file) · 40 years | 3110.0% | 9.10% |
USA key facts
- Distribution Safety Score™
- 69 · Generally safe
- Safety-Adjusted Yield
- 7.87%
- Issuer
- Liberty Funds
- Asset type
- CEF
- Asset class
- Equity
- Expense ratio
- 1.026%
- Distribution rate
- 11.41%
- Distribution frequency
- Quarterly
- Trailing yield
- 11.24%
- 5-year average yield
- 10.51
- Last close
- $5.96 (as of 2026-11-06)
- NAV
- $6.63
- Premium / discount
- Premium not shown · NAV date unknown
- Market cap
- $1,818,494,208
- Average volume
- 1,357,935
- Dividend
- $0.17
- Ex-dividend date
- 07/16/2026
- Payment date
- 08/31/2026
- Beta
- 1.035
AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (11.41%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (11.24%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Liberty Funds or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
USA risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 13.0%.
Who may consider USA — and who may not
It is a weaker fit for investors who need monthly cash flow (USA pays quarterly). This is educational context, not a recommendation to buy or sell.
More on USA
Frequently asked questions
Does USA pay monthly?
No. USA currently pays quarterly, not monthly.
What is USA's expense ratio?
USA's expense ratio is 1.026%.
What is USA's dividend yield?
USA's distribution rate is 11.41%, paid quarterly, with a 1.026% expense ratio — no calculation basis on file.
How has USA's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -1.5%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does USA pay a dividend?
USA pays quarterly. The dividend amount is $0.17. The ex-dividend date is 07/16/2026. The payment date is 08/31/2026.
How has USA performed?
Total return is 3110.0% over the past 40 years. Over the past year its total return — price change plus distributions reinvested — is 5.5%. Its deepest 1-year drawdown was 13.0%.
Is USA a good investment?
USA's Dividend Vision Distribution Safety Score is 69 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 11.41% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Liberty Funds.
Tickers
USA's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (69/100, high confidence). It pays quarterly and its distribution rate is 11.41%. The latest total cash payment per current share, $0.17 with an ex-date of July 16, 2026, was 13.3% higher than the previous $0.15. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Liberty Funds page for USA, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
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