Welcome to our dedicated page for LIBERTY ALL-STAR GROWTH FD news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on LIBERTY ALL-STAR GROWTH FD stock.
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 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.
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.
On January 9, 2023, Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.11 per share, payable on March 6, 2023. Shareholders of record by January 20, 2023 will benefit, with an ex-dividend date set for January 19, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of its net asset value annually, through four quarterly payments. The distribution will predominantly be in newly issued shares, valued at either the February 17, 2023 net asset value or market value.
Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its November 2022 Monthly Update, highlighting an investment approach combining three distinct growth managers. The fund's net assets stood at $316.6 million, with 99.4% invested in equities. The NAV increased to $5.58 despite a 3.0% discount from market price. Monthly performance was 5.24%, year-to-date performance reported at -26.45%. Major sector allocations included Information Technology (27.4%) and Health Care (20.6%). New holdings added include Aon PLC and Avery Dennison Corp.
Liberty All-Star Growth Fund (NYSE: ASG) provided its monthly update for October 2022, highlighting a portfolio strategy that includes small-, mid-, and large-cap growth managers. The fund's net assets reached $306 million, with equities valued at $300.5 million, indicating a 98.2% investment rate. The fund's performance showed a monthly return of 7.14%, while year-to-date returns fell by 30.12%. The top holdings included SPS Commerce (2.9%) and Montrose Environmental (2.0%). The report also mentioned a new holding in Choice Hotels and the liquidation of Azenta.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has announced a $0.10 per share distribution payable on January 3, 2023, to shareholders on record as of November 18, 2022. This aligns with the Fund's annual distribution policy of about 8% of its net asset value, disbursed quarterly. A portion of this distribution may derive from sources other than net income, including capital gains and return of capital. Newly issued shares will be distributed, except for shareholders opting for cash, with calculations based on the December 16, 2022 net asset value or market value.
The Liberty All-Star Growth Fund (ASG) released its monthly update for September 2022. The fund employs a diverse all-cap growth investment strategy utilizing multiple managers focused on small, mid, and large-cap stocks. Major holdings include SPS Commerce (3.0%), Amazon (2.3%), and Microsoft (1.9%). The fund reported a NAV decrease to $5.04, reflecting an 8.70% decline for the month and a significant 34.78% year-to-date drop. Total net assets stand at $286 million, with 98% of assets invested.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) reported its August 2022 performance and provided updates on its investment strategy. The fund employs an all-cap growth approach, managed by three distinct investment managers focusing on small-, mid-, and large-cap stocks. The total net assets as of August 31, 2022, were $313.1 million. The fund's NAV decreased by 5.48% for the month and 28.56% year-to-date. Key holdings include SPS Commerce (2.9%) and Amazon (2.1%). The fund traded at a market price of $5.57, with a premium of 0.9% over its NAV.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its July 2022 Monthly Update, showcasing a net asset value (NAV) of $328.9 million, with equities valued at $326.3 million, reflecting a 99.2% investment rate. The fund's performance highlights a monthly return of 10.95% and a year-to-date decline of -24.45%. Key holdings include SPS Commerce (2.5%) and Amazon (2.1%). New investments were made in notable companies like Starbucks and Ulta Beauty, while shares in Burlington Stores and Disney were liquidated. The fund's investment strategy employs multiple managers focused on small-, mid-, and large-cap growth.
The Liberty All-Star Growth Fund (NYSE: ASG) released its June 2022 Monthly Update, reporting a net asset value (NAV) decrease to $5.36, down from $5.79 at the start of the month, reflecting a performance drop of -7.43% for the month and -31.90% year-to-date. The fund's total net assets stand at $302 million, with 97.3% of assets invested in equities. Top holdings include SPS Commerce (2.7%) and UnitedHealth Group (2.2%), with Information Technology as the leading sector (28.6%). New acquisitions include Agiliti and IQVIA, while Illumina and PayPal were liquidated.
FAQ
What is the current stock price of LIBERTY ALL-STAR GROWTH FD (ASG)?
What is the market cap of LIBERTY ALL-STAR GROWTH FD (ASG)?
What is Liberty All-Star Growth Fund, Inc.?
What is the primary investment objective of ASG?
Who manages the investments for the Fund?
What are some of the Fund's top holdings?
How often does the Fund provide performance updates?
What is the Fund's distribution policy?
How can I invest in the Fund?
What are the risks associated with investing in the Fund?
Where can I find the latest updates and detailed information about the Fund?
How does the Fund's sector allocation look?
