Liberty All-Star® Growth Fund, Inc. March 2023 Monthly Update
The Liberty All-Star Growth Fund (NYSE: ASG) released its March 2023 Monthly Update, detailing a fund style focused on all-cap growth through three distinct investment managers: Weatherbie Capital for small-cap, Congress Asset Management for mid-cap, and Sustainable Growth Advisers for large-cap.
As of March 31, 2023, the Fund's net assets totaled $315.1 million, with 98.1% invested in equities. The top holdings include major firms like SPS Commerce (2.7%) and Microsoft (2.0%).
The Fund's performance shows a 0.55% increase for the month and a 6.55% year-to-date return, with the net asset value (NAV) increasing from $5.43 to $5.46, while the market price slightly improved from $5.24 to $5.28.
- Fund's assets increased to $315.1 million.
- Year-to-date performance of 6.55%.
- Top holdings indicate a diversified investment strategy.
- Market price still at a discount of 3.3% compared to NAV.
- Monthly price performance lower than NAV performance.
Ticker: ASG
Monthly Update, March, 2023
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
Small-Cap Growth
Mid-Cap Growth
Large-Cap Growth
Top 20 Holdings at Month-End
( | ||
1 | SPS Commerce, Inc. | 2.7 % |
2 | Microsoft Corp. | 2.0 % |
3 | Amazon.com, Inc. | 2.0 % |
4 | FirstService Corp. | 1.8 % |
5 | Casella Waste Systems, Inc. | 1.8 % |
6 | Visa, Inc. | 1.7 % |
7 | Progyny, Inc. | 1.6 % |
8 | Workday, Inc. | 1.5 % |
9 | Deckers Outdoor Corp. | 1.5 % |
10 | MSCI, Inc. | 1.4 % |
11 | Planet Fitness, Inc. | 1.4 % |
12 | Alphabet, Inc. | 1.4 % |
13 | Danaher Corp. | 1.4 % |
14 | S&P Global, Inc. | 1.4 % |
15 | SiteOne Landscape Supply, Inc. | 1.3 % |
16 | UnitedHealth Group, Inc. | 1.3 % |
17 | Thermo Fisher Scientific, Inc. | 1.3 % |
18 | Intuit, Inc. | 1.3 % |
19 | Yum! Brands, Inc. | 1.3 % |
20 | Aon PLC | 1.3 % |
Holdings are subject to change.
Monthly Performance
Performance | NAV | Market Price | Discount |
Beginning of month value | -3.5 % | ||
End of month value | -3.3 % | ||
Performance for month | 0.55 % | 0.76 % | |
Performance year-to-date | 6.55 % | 9.31 % |
Net Assets at Month-End ($millions) | |
Total | |
Equities | |
Percent Invested | 98.1 % |
Sector Breakdown (% of equity portfolio)*
Information Technology | 24.8 % |
Health Care | 20.0 % |
Consumer Discretionary | 15.6 % |
Industrials | 12.6 % |
Financials | 11.4 % |
Materials | 4.0 % |
Real Estate | 4.0 % |
Communication Services | 3.2 % |
Consumer Staples | 2.6 % |
Energy | 1.8 % |
Total Market Value | 100.0 % |
*Based on
Darden Restaurants, Inc.
InMode, Ltd.
nCino, Inc.
SiTime Corp.
Tandem Diabetes Care, Inc.
WillScot Mobile Mini Holdings Corp.
Holdings Liquidated
Clearfield, Inc.
Ebix, Inc.
First Republic Bank
Goosehead Insurance, Inc.
McCormick & Co., Inc.
PetIQ, 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 2023 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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