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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 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.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has declared a $0.11 per share distribution, scheduled for payment on June 5, 2023, to shareholders of record as of April 21, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of net asset value annually, issued in four quarterly installments of 2%. A portion may be sourced from non-net income resources, including capital gains and return of capital. The actual distribution source for 2023 will be finalized after year-end.
The payment will be made in newly issued shares for most shareholders, with certain exceptions for cash election. Shares will be issued at the lower of the May 19, 2023 net asset value or market price, not below 95% of market value. The fund has over $308 million in net assets as of April 6, 2023.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its February 2023 Monthly Update, detailing its investment strategy, performance metrics, and top holdings. The fund employs a multi-manager approach across small-, mid-, and large-cap growth investments. As of February 28, 2023, the fund's net assets totaled $310.7 million, with 99.3% invested in equities. The fund's performance for February showed a decline of 3.21% in NAV and a market price decrease of 2.24%. Notable top holdings included SPS Commerce, Casella Waste Systems, and Visa. The fund introduced ServiceNow while liquidating Horizon Therapeutics and Match Group.
The Liberty All-Star Growth Fund (NYSE: ASG) released its January 2023 Monthly Update, focusing on its all-cap growth investment strategy, which utilizes three distinct investment managers. As of January 31, 2023, the fund's NAV was $5.61, down from $5.23 at the beginning of the month. The market price fell to $5.36, leading to a -4.5% discount. The fund’s top holdings include SPS Commerce (2.6%) and Montrose Environmental Group (1.9%). The fund reported a monthly performance of 9.47% and a year-to-date performance of 9.47%. Net assets total $321.2 million, fully invested.
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