Is USA a Friend, Question Mark or Foe?

USA is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the USA distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

USA Income Quality Score

Name: USA Income Quality Score
Creator: Income Quality Score
Keywords: USA income quality, USA dividend quality, USA dividend safety, USA distribution history, USA dividend score, USA analysis, Liberty All-Star Equity Fund dividend

Liberty All-Star Equity Fund (USA) has an Income Quality Score of 58/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

Liberty All-Star Equity Fund (USA) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 5 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

58/100

Question MarkHigh confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

139 of 358

Lookback

10-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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USALiberty All-Star Equity Fund

58Question MarkHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

51/100

Working Capital Preservation

76/100

Distribution Cut Score

40/100

Distribution Trend

50/100

NAV CAGR

71/100

What is working

Working capital preserved over time
Stable NAV over available history

What to watch

1–2 years with a material annual distribution decline

Distribution Safety

16Years raised

2Years cut

33Years of data

DownCurrent trend

High confidence (10-year history)

19870.25Held
19880.64Raised
19890.95Raised
19900.9Lower total
19911.02Raised
19920.27Lower total
20000.73Raised
20011.2Raised
20020.88Lower total
20030.78Lower total
20040.89Raised
20050.79Lower total
20060.8802Raised
20070.9Raised
20080.65Lower total
20090.31Lower total
20100.31Held
20110.34Raised
20120.32Lower total
20130.35Raised
20140.39Raised
20150.51Raised
20160.48Lower total
20170.56Raised
20180.68Raised
20190.66Lower total
20200.63Lower total
20210.81Raised
20220.69Cut
20230.61Cut
20240.71Raised
20250.67Lower total
20260.33Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.