# EDGAR Filing Document

**Accession Number:** 0000799195
**File Stem:** 0001049169-26-001565
**Filing Date:** 2026-6
**Character Count:** 88513
**Document Hash:** 0e55b604c09b16f7d51789200f7c11b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001565.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001049169-26-001565

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LIBERTY ALL STAR EQUITY FUND
- **CENTRAL INDEX KEY:** 0000799195

**ORGANIZATION NAME:**
- **EIN:** 042935840
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04809
- **FILM NUMBER:** 261049097

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALPS FUND SERVICES, INC.
- **STREET 2:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ALPS FUND SERVICES, INC.
- **STREET 2:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328

## Nport-Ex

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (**98.23**%) | | |
| **COMMUNICATION SERVICES (6.55%)** | **COMMUNICATION SERVICES (6.55%)** | **COMMUNICATION SERVICES (6.55%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services (0.51%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | 190600 | $9568120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Entertainment (0.92%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 112178 | 10785915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spotify Technology SA<sup>(a)</sup> | 13387 | 6491490 |
|  |  | 17277405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Interactive Media & Services (5.12%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 28926 | 8317961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class C | 204554 | 58678360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 51083 | 29226117 |
|  |  | 96222438 |
| **CONSUMER DISCRETIONARY (9.89%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Automobile Components (1.50%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lear Corp. | 118878 | 14393748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magna International, Inc., Class A | 245534 | 13703253 |
|  |  | 28097001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Broadline Retail (2.33%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 210508 | 43842501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Entertainment (0.48%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group Corp.<sup>(b)(c)</sup> | 439500 | 9097650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure (3.68%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aramark | 491611 | 19929910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 5436 | 22887300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 269934 | 8640587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands, Inc. | 113375 | 17627545 |
|  |  | 69085342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household Durables (0.53%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lennar Corp., Class A | 83500 | 7251140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newell Brands, Inc. | 783352 | 2686897 |
|  |  | 9938037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specialty Retail (0.82%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | 30600 | 7230168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc.<sup>(a)</sup> | 89216 | 8235529 |
|  |  | 15465697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods (0.55%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE, Inc., Class B | 121134 | 6398298 |

---

*See Notes to Schedule of Investments.*

8 www.all-starfunds.com

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PVH Corp.<sup>(c)</sup> | 56548 | $3944788 |
|  |  | 10343086 |
| **CONSUMER STAPLES (4.90%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Beverages (0.47%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Co. | 115400 | 8776170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staples Distribution & Retail (1.84%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale Corp. | 12754 | 12708468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dollar Tree, Inc.<sup>(a)</sup> | 93185 | 10204690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SYSCO Corp. | 163734 | 11679146 |
|  |  | 34592304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Food Products (1.03%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McCormick & Co., Inc. | 129028 | 6508172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyson Foods, Inc., Class A | 199466 | 12779787 |
|  |  | 19287959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household Products (0.33%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble Co. | 43400 | 6268696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Multiline Retail (0.63%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dollar General Corp. | 98940 | 11747146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Personal Care Products (0.60%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unilever PLC<sup>(b)</sup> | 199593 | 11370813 |
| **ENERGY (2.16%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Energy Equipment & Services (0.44%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOV, Inc. | 441864 | 8311462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels (1.72%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corp. | 44641 | 9236223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell PLC<sup>(b)(c)</sup> | 138399 | 12871107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies SE<sup>(c)</sup> | 111900 | 10180662 |
|  |  | 32287992 |
| **FINANCIALS (19.60%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks (5.21%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corp. | 262797 | 12811354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup, Inc. | 148267 | 16814960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cullen/Frost Bankers, Inc. | 48700 | 6675796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc.<sup>(b)(c)</sup> | 558000 | 9469260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNC Financial Services Group, Inc. | 96285 | 20035946 |

---

*See Notes to Schedule of Investments.*

First Quarter Report (Unaudited) \| March 31, 2026 9

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Bancorp | 184500 | $9595845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co. | 282788 | 22512753 |
|  |  | 97915914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Capital Markets (3.74%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameriprise Financial, Inc. | 21900 | 9732360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Group LP | 52400 | 6025476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab Corp. | 300451 | 28236385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. | 42899 | 18246661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UBS Group AG<sup>(c)</sup> | 205179 | 8016343 |
|  |  | 70257225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance (2.50%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Co. | 42073 | 12726241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial Corp. | 187246 | 34159288 |
|  |  | 46885529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services (5.24%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | 26877 | 12879459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corebridge Financial, Inc. | 510249 | 12174541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equitable Holdings, Inc. | 116546 | 4325022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Payments, Inc. | 181644 | 12224641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 41009 | 20490557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 95579 | 28887797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Financial, Inc. | 110585 | 7555167 |
|  |  | 98537184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Insurance (2.91%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American International Group, Inc. | 103300 | 7773325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aon PLC, Class A | 32998 | 10651094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arch Capital Group, Ltd.<sup>(a)</sup> | 128106 | 12296895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MetLife, Inc. | 193512 | 13685169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive Corp. | 51301 | 10169910 |
|  |  | 54576393 |
| **HEALTH CARE (12.95%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Biotechnology (0.55%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amgen, Inc. | 29100 | 10238835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies (5.17%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcon AG<sup>(c)</sup> | 85000 | 6404750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baxter International, Inc. | 1082862 | 18192082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | 108169 | 17007412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific Corp.<sup>(a)</sup> | 114719 | 7198617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooper Cos., Inc.<sup>(a)</sup> | 97881 | 6998492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX Laboratories, Inc.<sup>(a)</sup> | 9470 | 5321098 |

---

*See Notes to Schedule of Investments.*

10 www.all-starfunds.com

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 19993 | $9216573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Koninklijke Philips NV<sup>(c)</sup> | 437878 | 11997857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medtronic PLC | 171431 | 14854496 |
|  |  | 97191377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care Providers & Services (4.59%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corp. | 273834 | 19666758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresenius Medical Care AG<sup>(b)</sup> | 1125292 | 25386588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Humana, Inc. | 92693 | 16072039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKesson Corp. | 5051 | 4370933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Diagnostics, Inc. | 64003 | 12543308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 30504 | 8254077 |
|  |  | 86293703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Life Sciences Tools & Services (0.88%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher Corp. | 86834 | 16463727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Pharmaceuticals (1.76%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | 246566 | 14954228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 65200 | 7842908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | 367153 | 10309656 |
|  |  | 33106792 |
| **INDUSTRIALS (10.56%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense (0.99%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corp. | 27100 | 9301262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric Co. | 32425 | 9201242 |
|  |  | 18502504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Building Products (2.63%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegion PLC | 90938 | 13212382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carlisle Cos., Inc.<sup>(c)</sup> | 19123 | 6379815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carrier Global Corp. | 307834 | 17334133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Masco Corp. | 205979 | 12434952 |
|  |  | 49361282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Commercial Services & Supplies (1.25%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Connections, Inc. | 38595 | 6269372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | 75249 | 17291468 |
|  |  | 23560840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Equipment (0.48%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eaton Corp. PLC | 25147 | 8994327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Ground Transportation (1.11%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City, Ltd. | 172746 | 13588200 |

---

*See Notes to Schedule of Investments.*

First Quarter Report (Unaudited) \| March 31, 2026 11

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Ground Transportation (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 101900 | $7329667 |
|  |  | 20917867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Machinery (1.36%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oshkosh Corp. | 46800 | 6889428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parker-Hannifin Corp. | 20900 | 18710516 |
|  |  | 25599944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Passenger Airlines (0.44%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. | 125410 | 8337257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Trading Companies & Distributors (2.30%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferguson Enterprises, Inc. | 89069 | 20776235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunbelt Rentals Holdings, Inc.<sup>(c)</sup> | 167500 | 10902575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WW Grainger, Inc. | 10536 | 11492774 |
|  |  | 43171584 |
| **INFORMATION TECHNOLOGY (23.89%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Communications Equipment (0.90%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 57325 | 7038364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | 22800 | 9894516 |
|  |  | 16932880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment & Instruments (0.21%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity Ltd. | 19072 | 3986429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components (1.55%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW Corp. | 165165 | 19988268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies, Inc.<sup>(a)</sup> | 15100 | 9135651 |
|  |  | 29123919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IT Services (2.65%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture Ltd., Class A | 104379 | 20697312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs, Ltd.<sup>(c)</sup> | 159898 | 10434944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Corp., Class A | 192775 | 11826746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc., Class A<sup>(a)</sup> | 58058 | 6886840 |
|  |  | 49845842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment (9.44%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARM Holdings PLC<sup>(a)(b)(c)</sup> | 60149 | 9099341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding N.V. | 9224 | 12183336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom Inc. | 121892 | 37726793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc. | 112500 | 7268625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 513477 | 89550389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 60100 | 7739678 |

---

*See Notes to Schedule of Investments.*

12 www.all-starfunds.com

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skyworks Solutions, Inc. | 256721 | $13747409 |
|  |  | 177315571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software (8.26%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(a)</sup> | 21600 | 5250528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>(a)</sup> | 27138 | 7540836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 20437 | 7978809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit, Inc. | 20691 | 8946375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 184452 | 68278597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corp. | 20769 | 3055328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A<sup>(a)</sup> | 17729 | 2593398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 46089 | 7388988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 57503 | 10734085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 134866 | 14100240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 48397 | 19188443 |
|  |  | 155055627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Technology Hardware, Storage & Equipment (0.88%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 64870 | 16463357 |
| **MATERIALS (5.68%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Chemicals (4.09%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Products & Chemicals, Inc. | 26400 | 7668936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | 181900 | 15226849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dow, Inc. | 314549 | 13100966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. | 75868 | 20182405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPG Industries, Inc. | 128530 | 13737287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RPM International, Inc. | 70100 | 6967940 |
|  |  | 76884383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Construction Materials (0.59%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials, Inc. | 18800 | 11067184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Containers & Packaging (1.00%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avery Dennison Corp. | 108708 | 18771697 |
| **REAL ESTATE (0.68%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care REITs (0.40%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. | 38215 | 7555488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Residential REITs (0.28%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties, Inc. | 84400 | 5268248 |

---

*See Notes to Schedule of Investments.*

First Quarter Report (Unaudited) \| March 31, 2026 13

Liberty All-Star<sup>®</sup> Equity Fund Schedule of Investments

*March 31, 2026 (Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| COMMON STOCKS (continued) |  |  |
| **UTILITIES (1.37%)** | **UTILITIES (1.37%)** | **UTILITIES (1.37%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electric Utilities (0.47%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy, Inc. | 110700 | $8794008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Gas Utilities (0.47%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atmos Energy Corp. | 48000 | 8866560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Water Utilities (0.43%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Water Works Co., Inc. | 59900 | 8151791 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(COST OF $1,629,207,245) |  | 1845575087 |
| SHORT TERM INVESTMENTS (3.31%) |  |  |
| **MONEY MARKET FUND (1.79%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional US Government Money Market Fund, Premier Class, 3.58%<sup>(d)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(COST OF $33,577,972) | 33577972 | 33577972 |
| **INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LOANED (1.52%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(COST OF $28,571,566) | 28571566 | 28571566 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(COST OF $62,149,538) |  | 62149538 |
| **TOTAL INVESTMENTS (101.54%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(COST OF $1,691,356,783) |  | 1907724625 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.54%)** |  | (28981040) |
| **NET ASSETS (100.00%)** |  | $1878743585 |
| **NET ASSET VALUE PER SHARE** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(305,028,611 SHARES OUTSTANDING) |  | $6.16 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> American Depositary Receipt.

<sup>(c)</sup> Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $60,477,148.

<sup>(d)</sup> Rate reflects seven-day effective yield on March 31, 2026.

*See Notes to Schedule of Investments.*

14 www.all-starfunds.com

Liberty All-Star<sup>®</sup> Equity Fund Notes to Schedule of Investments

*March 31, 2026 (Unaudited)*

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its schedule of investments. The Fund is considered an investment company under U.S. generally accepted accounting principles ("GAAP") and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946 Financial Services - Investment Companies. In regards to Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the Chief Operating Decision Maker ("CODM") monitors the operating results of the Fund as a whole. The Fund's Treasurer is the CODM for the Fund. The Fund's financial information is used by the CODM to assess each segment's performance. The CODM has determined that the Fund is a single operating segment as defined by ASU 2023-07 that recognizes revenues and incurs expenses. This is supported by the single investment strategy of the Fund, against which the CODM assesses performance.

**Security Valuation** 

Equity securities are valued at the last sale price at the close of the principal exchange on which they trade, except for securities listed on the NASDAQ Stock Market LLC ("NASDAQ"), which are valued at the NASDAQ official closing price. Unlisted securities or listed securities for which there were no sales during the day are valued at the closing bid price on such exchanges or<br> over-the-counter markets.

Cash collateral from securities lending activity is reinvested in the State Street Navigator Securities Lending Government Money Market Portfolio ("State Street Navigator"), a registered investment company under the Investment Company Act of 1940 (the "1940 Act"), which operates as a money market fund in compliance with Rule 2a-7 under the 1940 Act. Shares of registered investment companies are valued daily at that investment company's net asset value ("NAV") per share.

The Fund's investments are valued at market value or, in the absence of market value with respect to any portfolio securities, at fair value according to procedures adopted by the Fund's Board of Trustees (the "Board"). The Board has designated ALPS Advisors, Inc. (the "Advisor" or "AAI") as the Fund's Valuation Designee. The Valuation Designee is responsible for determining fair value in good faith for all Fund investments, subject to oversight by the Board. When market quotations are not readily available, or in management's judgment they do not accurately reflect fair value of a security, or an event occurs after the market close but before the Fund is priced that materially affects the value of a security, the security will be valued by the Advisor's Valuation Committee using fair valuation procedures established by the Valuation Designee. Examples of potentially significant events that could materially impact a Fund's NAV include, but are not limited to: single issuer events such as corporate actions, reorganizations, mergers, spin-offs, liquidations, acquisitions and buyouts; corporate announcements on earnings or product offerings; regulatory news; and litigation and multiple issuer events such as governmental actions; natural disasters or armed conflicts that affect a country or a region; or significant market fluctuations. Potential significant events are monitored by the Advisor, Sub-Advisers and/or the Valuation Committee through independent reviews of market indicators, general news sources and communications from the Fund's custodian. As of March 31, 2026, the Fund held no securities that were fair valued.

First Quarter Report (Unaudited) \| March 31, 2026 15

Liberty All-Star<sup>®</sup> Equity Fund Notes to Schedule of Investments

*March 31, 2026 (Unaudited)*

**Security Transactions** 

Security transactions are recorded on trade date. Cost is determined and gains/(losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income Recognition** 

Interest income is recorded on the accrual basis. Corporate actions and dividend income are recorded on the ex-date.

The Fund estimates components of distributions from real estate investment trusts ("REITs"). Distributions received in excess of income are recorded as a reduction of the cost of the related investments. Once the REIT reports annually the tax character of its distributions, the Fund revises its estimates. If the Fund no longer owns the applicable securities, any distributions received in excess of income are recorded as realized gains.

**Lending of Portfolio Securities**

The Fund may lend its portfolio securities only to borrowers that are approved by the Fund's securities lending agent, State Street Bank & Trust Co. ("SSB"). The Fund will limit such lending to not more than 30% of the value of its total assets. The borrower pledges and maintains with the Fund collateral consisting of cash (U.S. Dollar only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, or by irrevocable bank letters of credit issued by a person other than the borrower or an affiliate of the borrower. The initial collateral received by the Fund is required to have a value of no less than 102% of the market value of the loaned securities for securities traded on U.S. exchanges and a value of no less than 105% of the market value for all other securities. The collateral is maintained thereafter, at a market value equal to no less than 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to the Fund on the next business day. During the term of the loan, the Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

Any cash collateral received is reinvested in State Street Navigator. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in the Fund's Schedule of Investments as it is held by the lending agent on behalf of the Fund, and the Fund does not have the ability to re-hypothecate these securities.

The following is a summary of the Fund's securities lending positions and related cash and non-cash collateral received as of March 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| **Market Value of <br> Securities on Loan** | **Cash<br> Collateral Received** | **Non-Cash <br> Collateral Received** | **Total <br> Collateral Received** |
| $60477148 | $28571566 | $33451374 | $62022940 |

---

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Fund benefits from a borrower default indemnity provided by SSB. SSB's indemnity allows for full replacement of securities lent wherein SSB will purchase the unreturned loaned securities on the open market by applying the proceeds of the collateral, or to the extent such proceeds are insufficient or the collateral is unavailable, SSB will purchase the unreturned loan securities at SSB's expense. However, the Fund could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

16 www.all-starfunds.com

Liberty All-Star<sup>®</sup> Equity Fund Notes to Schedule of Investments

*March 31, 2026 (Unaudited)*

**Fair Value Measurements** 

The Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities that are valued based on unadjusted quoted prices in active markets are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the mean of the most recent quoted bid and ask prices on such day and are generally categorized as Level 2 in the hierarchy. Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

Various inputs are used in determining the value of the Fund's investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.

These inputs are categorized in the following hierarchy under applicable financial accounting standards:

---

| |
|:---|
| **Level 1** – Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date; |
| **Level 2** – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and |
| **Level 3** – Significant unobservable prices or inputs (including the Fund's own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. |

---

First Quarter Report (Unaudited) \| March 31, 2026 17

Liberty All-Star<sup>®</sup> Equity Fund Notes to Schedule of Investments

*March 31, 2026 (Unaudited)*

The following is a summary of the inputs used to value the Fund's investments as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | |
| <br>**Investments in Securities at Value** | **Level 1** | **Level 2** | **Level 3** |<br>**Total** |
| Common Stocks\* | $1845575087 | $– | $– | $1845575087 |
| Short Term Investments | 62149538 | – | – | 62149538 |
| Total | $1907724625 | $– | $– | $1907724625 |

---

*\** *See Schedule of Investments for industry classifications.*

The Fund did not have any securities that used significant unobservable inputs (Level 3) in determining fair value during the period.

**Indemnification** 

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. The Fund's maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund. Also, under the Fund's organizational documents and by contract, the Trustees and Officers of the Fund are indemnified against certain liabilities that may arise out of their duties to the Fund. However, based on experience, the Fund expects the risk of loss due to these warranties and indemnities to be minimal.

18 www.all-starfunds.com

Description of Lipper Benchmark <br> Liberty All-Star<sup>®</sup> Equity Fund and Market Indices

*(Unaudited)*

**Dow Jones Industrial Average** 

A price-weighted measure of 30 U.S. blue-chip companies.

**Lipper Large-Cap Core Mutual Fund Average** 

The average of funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper's U.S. domestic equity large-cap floor. These funds typically have average characteristics compared to the S&P 500<sup>®</sup> Index.

**NASDAQ Composite Index**

Measures all NASDAQ domestic and international based common type stocks listed on the NASDAQ Stock Market.

**Russell 1000<sup>®</sup> Growth Index (Largecap)**

Measures the performance of those Russell 1000<sup>®</sup> companies with lower book-to-price ratios and higher growth values. The Russell 1000<sup>®</sup> Index measures the performance of the 1,000 largest companies in the Russell 3000<sup>®</sup> Index.

**Russell 1000<sup>®</sup> Value Index (Largecap)**

Measures the performance of those Russell 1000<sup>®</sup> companies with higher book-to-price ratios and lower growth values.

**S&P 500<sup>®</sup> Index** 

A large-cap U.S. equities index that includes 500 leading companies and covers approximately 80% of available market capitalization.

**S&P 500<sup>®</sup> Equal Weight Index**

The equal-weight version of the S&P 500<sup>®</sup>.

*An investor cannot invest directly in an index.*

First Quarter Report (Unaudited) \| March 31, 2026 19

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LIBERTY ALL STAR EQUITY FUND

- **b. Investment Company Act file number:** 811-04809

- **c. CIK number of Registrant:** 0000799195

- **d. LEI of Registrant:** 549300DLV755RNHI1N92

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

**Item A.2. Information about the Series.**

- **a. Name of Series:** Liberty All-Star Equity Fund

- **c. LEI of Series:** 549300DLV755RNHI1N92

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1880547349.86

**Total Liabilities:** $1806849.71

**Net Assets:** $1878740500.15

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.64%               | -1.16%               | -7.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19741509.53             | $-21880347.45                              |
| Month 2  | $-1958356.53             | $-20962970.30                              |
| Month 3  | $24691604.61             | $-152345927.92                             |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc                                                  | Apple, Inc.                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     64870 | NS      | $16463357.30  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                     | Arch Capital Group, Ltd.                                   | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    128106 | NS      | $12296894.94  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture Plc                                              | Accenture Ltd.                                             | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    104379 | NS      | $20697311.91  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                  | Adobe, Inc.                                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     21600 | NS      | $5250528.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                           | American International Group, Inc.                         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    103300 | NS      | $7773325.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Ag                                                   | Alcon AG                                                   | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     85000 | NS      | $6404750.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Allegion Plc                                               | Allegion PLC                                               | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     90938 | NS      | $13212382.02  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                                  | Amgen, Inc.                                                | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     29100 | NS      | $10238835.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                   | Ameriprise Financial, Inc.                                 | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     21900 | NS      | $9732360.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | Amazon.com, Inc.                                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    210508 | NS      | $43842501.16  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                        | Arista Networks, Inc.                                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     57325 | NS      | $7038363.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon Plc                                                    | Aon PLC                                                    | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     32998 | NS      | $10651094.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products And Chemicals Inc                             | Air Products & Chemicals, Inc.                             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     26400 | NS      | $7668936.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings Plc                                           | ARM Holdings PLC                                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     60149 | NS      | $9099340.72   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Aramark                                                    | Aramark                                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    491611 | NS      | $19929909.94  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Asml Holding Nv                                            | ASML Holding N.V.                                          | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      9224 | NS      | $12183335.92  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                          | Atmos Energy Corp.                                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     48000 | NS      | $8866560.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Ltd                                               | Broadcom Inc.                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    121892 | NS      | $37726792.92  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                        | Avery Dennison Corp.                                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    108708 | NS      | $18771697.44  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                                | American Water Works Co., Inc.                             | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     59900 | NS      | $8151791.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                        | American Express Co.                                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     42073 | NS      | $12726241.04  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Of America Corp                                       | Bank of America Corp.                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    262797 | NS      | $12811353.75  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                                   | Baxter International, Inc.                                 | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |   1082862 | NS      | $18192081.60  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                                      | Becton Dickinson & Co.                                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    108169 | NS      | $17007411.87  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | Booking Holdings, Inc.                                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      5436 | NS      | $22887299.52  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-myers Squibb Co                                    | Bristol-Myers Squibb Co.                                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    246566 | NS      | $14954227.90  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                     | Berkshire Hathaway, Inc.                                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     26877 | NS      | $12879458.40  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                     | Boston Scientific Corp.                                    | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    114719 | NS      | $7198617.25   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                             | Blackstone Group LP                                        | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     52400 | NS      | $6025476.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                              | Citigroup, Inc.                                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    148267 | NS      | $16814960.47  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                        | Carrier Global Corp.                                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    307834 | NS      | $17334132.54  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                 | Cadence Design Systems, Inc.                               | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     27138 | NS      | $7540836.06   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cdw Corp/de                                                | CDW Corp.                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    163903 | NS      | $19835541.06  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/frost Bankers Inc                                   | Cullen/Frost Bankers, Inc.                                 | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     48700 | NS      | $6675796.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                 | Chipotle Mexican Grill, Inc.                               | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    269934 | NS      | $8640587.34   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                 | Capital One Financial Corp.                                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    187246 | NS      | $34159287.78  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/the                                         | Cooper Cos., Inc.                                          | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     97881 | NS      | $6998491.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                      | Costco Wholesale Corp.                                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     12754 | NS      | $12708468.22  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                           | Canadian Pacific Kansas City, Ltd.                         | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    172746 | NS      | $13588200.36  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                   | Corebridge Financial, Inc.                                 | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    510249 | NS      | $12174541.14  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | Salesforce, Inc.                                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     57503 | NS      | $10734085.01  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                   | Crowdstrike Holdings, Inc.                                 | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     20437 | NS      | $7978809.17   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                           | Carlisle Cos., Inc.                                        | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     19123 | NS      | $6379815.26   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Cognizant Technology Solutions Corp                        | Cognizant Technology Solutions Corp.                       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    192775 | NS      | $11826746.25  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                | Corteva, Inc.                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    181900 | NS      | $15226849.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cvs Health Corp                                            | CVS Health Corp.                                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    273834 | NS      | $19666757.88  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp.                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44641 | NS      | $9236222.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                                        | Delta Air Lines, Inc.                                      | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    125410 | NS      | $8337256.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                                        | Dollar General Corp.                                       | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     98940 | NS      | $11747146.20  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                                      | Quest Diagnostics, Inc.                                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     64003 | NS      | $12543307.94  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                               | Danaher Corp.                                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     86834 | NS      | $16463726.40  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                            | Dollar Tree, Inc.                                          | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     93185 | NS      | $10204689.35  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                                    | Dow, Inc.                                                  | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    314549 | NS      | $13100965.85  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                                 | Amdocs, Ltd.                                               | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |    159898 | NS      | $10434943.48  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Ecolab Inc                                                 | Ecolab, Inc.                                               | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     75868 | NS      | $20182405.36  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc                            | Equity LifeStyle Properties, Inc.                          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     84400 | NS      | $5268248.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                     | Equitable Holdings, Inc.                                   | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    116546 | NS      | $4325022.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp Plc                                             | Eaton Corp. PLC                                            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     25147 | NS      | $8994327.49   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                   | Ferguson Enterprises, Inc.                                 | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     89069 | NS      | $20776234.94  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care Ag                                  | Fresenius Medical Care AG                                  | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |   1125292 | NS      | $25386587.52  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                                      | General Dynamics Corp.                                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     27100 | NS      | $9301262.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | General Electric Co.                                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     32425 | NS      | $9201242.25   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet, Inc.                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    204554 | NS      | $58678360.44  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet, Inc.                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     28926 | NS      | $8317960.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                        | Global Payments, Inc.                                      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    181644 | NS      | $12224641.20  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Us Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  33577972 | NS      | $33577972.23  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ww Grainger Inc                                            | WW Grainger, Inc.                                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |     10536 | NS      | $11492774.16  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                                 | Humana, Inc.                                               | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     92693 | NS      | $16072039.27  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Idexx Laboratories Inc                                     | IDEXX Laboratories, Inc.                                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      9470 | NS      | $5321098.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | Intuit, Inc.                                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     20691 | NS      | $8946374.58   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | Intuitive Surgical, Inc.                                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     19993 | NS      | $9216573.07   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-cola Co/the                                           | Coca-Cola Co.                                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    115400 | NS      | $8776170.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                                  | Lear Corp.                                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    118878 | NS      | $14393748.24  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                                | Lennar Corp.                                               | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     83500 | NS      | $7251140.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                             | Lowe's Cos., Inc.                                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     30600 | NS      | $7230168.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | Mastercard, Inc.                                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     41009 | NS      | $20490556.94  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                                 | Masco Corp.                                                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |    205979 | NS      | $12434952.23  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                   | Microchip Technology, Inc.                                 | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    112500 | NS      | $7268625.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp                                              | McKesson Corp.                                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      5051 | NS      | $4370933.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic Plc                                              | Medtronic PLC                                              | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    171431 | NS      | $14854496.15  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Metlife Inc                                                | MetLife, Inc.                                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    193512 | NS      | $13685168.64  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                         | Meta Platforms, Inc.                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     51083 | NS      | $29226116.79  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                                    | Magna International, Inc.                                  | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    245534 | NS      | $13703252.54  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mccormick & Co Inc/md                                      | McCormick & Co., Inc.                                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    129028 | NS      | $6508172.32   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                              | Martin Marietta Materials, Inc.                            | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     18800 | NS      | $11067184.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                             | Merck & Co., Inc.                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     65200 | NS      | $7842908.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | Microsoft Corp.                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    184452 | NS      | $68278596.84  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                     | Motorola Solutions, Inc.                                   | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     22800 | NS      | $9894516.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Ufj Financial Group Inc                         | Mitsubishi UFJ Financial Group, Inc.                       | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    558000 | NS      | $9469260.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Netflix Inc                                                | Netflix, Inc.                                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    112178 | NS      | $10785914.70  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike Inc                                                   | NIKE, Inc.                                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    121134 | NS      | $6398297.88   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                                                    | NOV, Inc.                                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    441864 | NS      | $8311461.84   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                                             | ServiceNow, Inc.                                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    134866 | NS      | $14100240.30  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nvidia Corp                                                | NVIDIA Corp.                                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    513477 | NS      | $89550388.80  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc                                          | Newell Brands, Inc.                                        | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    783352 | NS      | $2686897.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                | Oracle Corp.                                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     20769 | NS      | $3055327.59   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| O'reilly Automotive Inc                                    | O'Reilly Automotive, Inc.                                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     89216 | NS      | $8235528.96   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                               | Oshkosh Corp.                                              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     46800 | NS      | $6889428.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                     | Palo Alto Networks, Inc.                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     46089 | NS      | $7388988.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                 | Pfizer, Inc.                                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    367153 | NS      | $10309656.24  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/the                                    | Procter & Gamble Co.                                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     43400 | NS      | $6268696.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/the                                       | Progressive Corp.                                          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     51301 | NS      | $10169910.24  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-hannifin Corp                                       | Parker-Hannifin Corp.                                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     20900 | NS      | $18710516.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips Nv                                     | Koninklijke Philips NV                                     | CUSIP: 500472303<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    437878 | NS      | $11997857.21  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Palantir Technologies Inc                                  | Palantir Technologies, Inc.                                | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     17729 | NS      | $2593398.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pnc Financial Services Group Inc/the                       | PNC Financial Services Group, Inc.                         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     96285 | NS      | $20035945.65  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ppg Industries Inc                                         | PPG Industries, Inc.                                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    128530 | NS      | $13737286.40  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Pvh Corp                                                   | PVH Corp.                                                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     56548 | NS      | $3944788.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Qualcomm Inc                                               | QUALCOMM, Inc.                                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     60100 | NS      | $7739678.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rpm International Inc                                      | RPM International, Inc.                                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     70100 | NS      | $6967940.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/the                                    | Charles Schwab Corp.                                       | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    300451 | NS      | $28236384.98  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SECURITIES LENDING - GENERAL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell Plc                                                  | Shell PLC                                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    138399 | NS      | $12871107.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Shopify Inc                                                | Shopify, Inc.                                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     58058 | NS      | $6886839.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | Synopsys, Inc.                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     48397 | NS      | $19188442.56  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                            | Sony Group Corp.                                           | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    439500 | NS      | $9097650.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| S&p Global Inc                                             | S&P Global, Inc.                                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     42899 | NS      | $18246660.66  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology Sa                                      | Spotify Technology SA                                      | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     13387 | NS      | $6491490.17   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunbelt Rentals Holdings Inc                               | Sunbelt Rentals Holdings, Inc.                             | CUSIP: 866966104<br>LEI: 529900W4BQDNMAOSRA49 | Long             | EC               | CORP              | US        |    167500 | NS      | $10902575.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyworks Solutions Inc                                     | Skyworks Solutions, Inc.                                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    256721 | NS      | $13747409.55  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                                 | SYSCO Corp.                                                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    163734 | NS      | $11679146.22  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                  | Teledyne Technologies, Inc.                                | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     15100 | NS      | $9135651.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Te Connectivity Ltd                                        | TE Connectivity Ltd.                                       | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     19072 | NS      | $3986429.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                            | Tyson Foods, Inc.                                          | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    199466 | NS      | $12779786.62  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Totalenergies Se                                           | TotalEnergies SE                                           | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    111900 | NS      | $10180662.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Uber Technologies Inc                                      | Uber Technologies, Inc.                                    | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    101900 | NS      | $7329667.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubs Group Ag                                               | UBS Group AG                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    205179 | NS      | $8016343.53   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Unilever Plc                                               | Unilever PLC                                               | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    199593 | NS      | $11370813.21  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitedhealth Group Inc                                     | UnitedHealth Group, Inc.                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     30504 | NS      | $8254077.36   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Us Bancorp                                                 | U.S. Bancorp                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    184500 | NS      | $9595845.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                   | Visa, Inc.                                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     95579 | NS      | $28887796.96  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                         | Voya Financial, Inc.                                       | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    110585 | NS      | $7555167.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                                 | Verizon Communications, Inc.                               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    190600 | NS      | $9568120.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                      | Waste Connections, Inc.                                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     38595 | NS      | $6269371.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                              | Welltower, Inc.                                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     38215 | NS      | $7555487.65   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                           | Wells Fargo & Co.                                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    282788 | NS      | $22512752.68  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                       | Waste Management, Inc.                                     | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     75249 | NS      | $17291467.71  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                            | Xcel Energy, Inc.                                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    110700 | NS      | $8794008.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                                            | Yum! Brands, Inc.                                          | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    113375 | NS      | $17627545.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** LIBERTY ALL STAR EQUITY FUND

**Signature:** Erich Rettinger

**Name of Signer:** Erich Rettinger

**Title:** Treasurer