Liberty All-Star® Growth Fund, Inc. December 2022 Monthly Update
The Liberty All-Star Growth Fund (NYSE: ASG) provided its monthly update for December 2022. The fund follows an all-cap growth investment strategy managed by three distinct growth style managers focusing on small, mid, and large-cap equities. Notably, as of December 31, 2022, the fund had a net asset value of $299 million, with 98% invested in equities. The top five holdings included SPS Commerce (2.7%), Microsoft (2.0%), and Montrose Environmental Group (1.9%). The fund's performance for December showed a decline of 6.27%, with a year-to-date performance drop of 30.98%. The fund traded at a market price of $4.93, reflecting a discount of 5.7% compared to its NAV.
- The fund has a diversified approach with investments managed by three different growth style managers.
- Top holdings include reputable companies like Microsoft and Amazon, suggesting quality in the portfolio.
- The fund maintains a high investment rate, with 98% of its assets allocated to equities.
- The fund's performance declined by 6.27% in December and 30.98% year-to-date, indicating poor market conditions.
- The market price of the fund is trading at a discount of 5.7% relative to its NAV.
Ticker: ASG
Monthly Update, December, 2022
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Small-Cap Growth
Mid-Cap Growth
Large-Cap Growth
( | ||
1 | SPS Commerce, Inc. | 2.7 % |
2 | Microsoft Corp. | 2.0 % |
3 | Montrose Environmental Group, Inc. | 1.9 % |
4 | Casella Waste Systems, Inc. | 1.9 % |
5 | FirstService Corp. | 1.8 % |
6 | 1.8 % | |
7 | UnitedHealth Group, Inc. | 1.7 % |
8 | Amazon.com, Inc. | 1.6 % |
9 | Danaher Corp. | 1.5 % |
10 | Workday, Inc. | 1.4 % |
11 | MSCI, Inc. | 1.4 % |
12 | Deckers Outdoor Corp. | 1.4 % |
13 | Thermo Fisher Scientific, Inc. | 1.3 % |
14 | Alphabet, Inc. | 1.3 % |
15 | Globant SA | 1.3 % |
16 | S&P Global, Inc. | 1.3 % |
17 | Yum! Brands, Inc. | 1.3 % |
18 | Intuit, Inc. | 1.3 % |
19 | SiteOne Landscape Supply, Inc. | 1.3 % |
20 | Chegg, Inc. | 1.3 % |
Holdings are subject to change. | ||
Monthly Performance | ||||
Performance | NAV | Market Price | Discount | |
Beginning of month value | -3.0 % | |||
End of month value | -5.7 % | |||
Performance for month | -6.27 % | -8.87 % | ||
Performance year-to-date | -30.98 % | -40.36 % | ||
Net Assets at Month-End ($millions) | ||
Total | ||
Equities | ||
Percent Invested | 98.0 % | |
Sector Breakdown (% of equity portfolio)* | |
Information Technology | 26.8 % |
Health Care | 20.9 % |
Consumer Discretionary | 15.0 % |
Industrials | 12.4 % |
Financials | 9.5 % |
Materials | 4.1 % |
Real Estate | 3.9 % |
Communication Services | 3.8 % |
Energy | 1.8 % |
Consumer Staples | 1.8 % |
Total Market Value | 100 % |
*Based on
Dollar General Corp.
Flywire Corp.
Holdings Liquidated
Abbott Laboratories
SEMrush Holdings, Inc.
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2022 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates a portion of the distributions consist of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.
All data is as of
Liberty All-Star®
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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