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Liberty All-Star Growth Fund, Inc. (NYSE: ASG) is a diversified, closed-end management investment company based in the United States. The primary objective of the Fund is to seek long-term capital appreciation by investing in a diversified portfolio of equity securities across various industries, including consumer discretionary, consumer staples, healthcare, industrial, information technology, and more. The Fund's strategy incorporates a blend of three distinct growth-oriented investment managers: Weatherbie Capital, LLC for small-cap growth, Congress Asset Management Company, LLP for mid-cap growth, and Sustainable Growth Advisers, LP for large-cap growth, with Westfield Capital Management Company, L.P. set to replace Sustainable Growth Advisers, subject to stockholder approval.
The Fund's top holdings as of recent updates include prominent companies such as SPS Commerce, Inc., Amazon.com, Inc., Microsoft Corp., Visa, Inc., and UnitedHealth Group, Inc. These holdings reflect the Fund's emphasis on high-quality, growth-oriented investments.
Liberty All-Star Growth Fund, Inc. provides monthly performance updates, revealing the Fund's NAV (Net Asset Value), market price, and overall performance metrics. For instance, as of March 2024, the Fund reported a NAV of $6.08 and a market price of $5.49, reflecting a performance of 7.90% year-to-date. The Fund's portfolio is actively managed, with new holdings and liquidations occurring regularly to optimize performance and align with market conditions.
Besides performance metrics, the Fund also communicates its sector allocations, ensuring transparency regarding its diversified investments. As of April 2024, the Fund's sector breakdown included 24.2% in Information Technology, 22.3% in Health Care, 17.3% in Industrials, and smaller allocations in other sectors.
The Fund follows a quarterly distribution policy, paying distributions totaling approximately 8 percent of its net asset value annually. These distributions may include ordinary dividends, long-term capital gains, and return of capital. Recent distributions and sources are detailed in their updates, providing investors with essential tax reporting information.
Liberty All-Star Growth Fund, Inc. continues to adapt and evolve, ensuring their investment strategies and portfolio management align with the goal of delivering long-term capital appreciation for their shareholders. For the latest updates and detailed information, investors are encouraged to visit the Fund's official website or contact their support team.
The Liberty All-Star Growth Fund (NYSE: ASG) released its April 2024 monthly update, detailing its investment strategy and performance. The fund integrates three distinct growth style managers focusing on small-cap, mid-cap, and large-cap investments. Key holdings include SPS Commerce (2.4%), Amazon (2.3%), and Microsoft (2.2%).
The fund's NAV decreased from $6.08 to $5.58, and the market price fell from $5.49 to $5.09, reflecting monthly performance declines of 6.06% and 5.10%, respectively. Year-to-date, the NAV and market price increased by 1.36% and 0.69%.
The sector allocation as of April 30, 2024, includes Information Technology (24.2%), Health Care (22.3%), and Industrials (17.3%). New additions to the portfolio are Descartes Systems Group, First Advantage Corp, and others, while Agiliti and Dril-Quip were liquidated. Total net assets stood at $333.0 million, with equities at $335.8 million.
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