Liberty All-Star® Growth Fund, Inc. June 2024 Monthly Update
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its June 2024 Monthly Update. The fund, which combines three growth style investment managers focusing on small-, mid-, and large-cap stocks, reported a net asset value (NAV) of $5.83 and a market price of $5.34 at month-end. The fund's performance for the month was 1.57% (NAV) and 2.10% (market price), with year-to-date performance at 5.82% and 5.55% respectively.
The fund's top holdings include Microsoft, Amazon, and SPS Commerce. The sector breakdown shows a significant allocation to Information Technology (27.4%), Health Care (20.3%), and Industrials (17.5%). New additions to the portfolio include Apple and Gartner, while holdings in Bruker Corp and ChampionX Corp were liquidated.
- Monthly performance increased by 1.57% (NAV) and 2.10% (market price)
- Year-to-date performance is positive at 5.82% (NAV) and 5.55% (market price)
- The fund's discount narrowed from -8.9% to -8.4% over the month
- Total assets under management reached $350.7 million
- The fund maintains a high investment rate of 97.6%
- The fund continues to trade at a discount to its NAV (-8.4%)
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, June 2024
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
- Weatherbie Capital, LLC
Small-Cap Growth - Congress Asset Management Company, LLP
Mid-Cap Growth - Sustainable Growth Advisers, LP
Large-Cap Growth
Top 20 Holdings at Month-End:
( | ||
1 | Microsoft Corp. | 2.4 % |
2 | Amazon.com, Inc. | 2.4 % |
3 | SPS Commerce, Inc. | 2.3 % |
4 | Glaukos Corp. | 1.9 % |
5 | Natera, Inc. | 1.9 % |
6 | Vertex, Inc. | 1.9 % |
7 | Casella Waste Systems, Inc. | 1.8 % |
8 | FirstService Corp. | 1.7 % |
9 | StepStone Group, Inc. | 1.7 % |
10 | Visa, Inc. | 1.7 % |
11 | UnitedHealth Group, Inc. | 1.6 % |
12 | Hamilton Lane, Inc. | 1.4 % |
13 | Crane Co. | 1.4 % |
14 | S&P Global, Inc. | 1.4 % |
15 | Novo Nordisk A/S | 1.3 % |
16 | Monolithic Power Systems, Inc. | 1.3 % |
17 | Transcat, Inc. | 1.3 % |
18 | NVIDIA Corp. | 1.3 % |
19 | Workday, Inc. | 1.3 % |
20 | Danaher Corp. | 1.2 % |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | -8.9 % | ||
End of month value | -8.4 % | ||
Performance for month | 1.57 % | 2.10 % | |
Performance year-to-date | 5.82 % | 5.55 % |
New Assets at Month End ($millions)
Total | |
Equities | |
Percent Invested | 97.6 % |
Sector Breakdown* (% of equity portfolio):
Information Technology | 27.4 % |
Health Care | 20.3 % |
Industrials | 17.5 % |
Financials | 13.7 % |
Consumer Discretionary | 10.4 % |
Communication Services | 4.0 % |
Consumer Staples | 2.0 % |
Materials | 1.9 % |
Real Estate | 1.7 % |
Energy | 1.1 % |
Total Market Value | 100 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
Apple, Inc.
Gartner, Inc.
Penumbra, Inc.
Weatherford International PLC
Holdings Liquidated:
Bruker Corp.
ChampionX Corp.
IQVIA Holdings, Inc.
Sherwin-Williams Co.
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 2024 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 June 30, 2024 unless otherwise noted.
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star Growth Fund, Inc.
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