Liberty All-Star Growth Fund's Key Updates and Insights
Understanding Liberty All-Star Growth Fund, Inc.
Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) focuses on providing investors with diversified exposure across different market capitalizations by combining three distinct growth style investment managers. Each manager specializes in small-cap, mid-cap, or large-cap investments, ensuring a holistic approach to growth. This strategy allows the fund to adapt to market conditions effectively, leveraging the strengths of its managers to optimize returns for investors.
Investment Approach and Managers
The fund adopts an all-cap growth style, which is designed to capture the performance potential from various segments of the market. The selected investment managers include:
1. Weatherbie Capital, LLC
Specializing in small-cap growth investments, Weatherbie Capital plays a crucial role in driving the fund's strategy.
2. Congress Asset Management Company, LLP
A mid-cap growth expert, this firm brings additional balance to the investment strategy.
3. Westfield Capital Management Company, L.P.
Focusing on large-cap growth, Westfield ensures that the fund remains positioned to capture opportunities in established companies.
Performance Overview
As of recent evaluations, the following details summarize the monthly performance metrics of the fund:
- Beginning NAV: $5.84
- End NAV: $5.96
- Monthly Performance: 2.05%
- Year-to-Date Performance: 10.60%
- Market Price at End of Month: $5.48
- Discount: -8.1%
The net assets of the fund stood impressively at $361.2 million, with equities constituting a significant portion of the total assets at $355.2 million, reflecting a robust investment strategy.
Sector Breakdown
Understanding the sector allocation of the underlying equity portfolio can lend insight into the fund's strategic positioning. The major sectors invested in by the Liberty All-Star Growth Fund include:
- Information Technology: 26.4%
- Health Care: 21.4%
- Industrials: 16.5%
- Financials: 14.8%
- Consumer Discretionary: 9.5%
- Communication Services: 4.0%
- Consumer Staples: 2.6%
- Real Estate: 2.0%
- Materials: 1.9%
- Energy: 0.9%
Recent Transactions and Holdings
The fund actively manages its portfolio, reflecting changes based on market conditions. Recently, new holdings were introduced, including:
- Halozyme Therapeutics, Inc.
- MYR Group, Inc.
- US Foods Holding Corp.
Conversely, the fund liquidated its positions in:
- Darden Restaurants, Inc.
- Definitive Healthcare Corp.
- STERIS PLC
Important Considerations for Investors
Understanding the net asset value (NAV) of the Liberty All-Star Growth Fund requires digesting complex factors, including the market value of underlying investments minus liabilities, divided by total shares outstanding. The fund's market price fluctuates and can be above or below the NAV, leading to a trading premium or discount. For potential investors, these factors underline the importance of considering market conditions and the inherent risks associated with investments.
Frequently Asked Questions
What is the primary investment strategy of Liberty All-Star Growth Fund?
The fund combines multiple growth-focused investment managers, targeting various market capitalizations to optimize growth potential.
What are the key sectors in which the fund is invested?
The fund invests significantly in Information Technology, Health Care, and Industrials, among other sectors.
How did the fund perform in the last month?
In the most recent month, the fund achieved a performance of 2.05%, with an end NAV of $5.96.
What recent changes have been made to the fund's portfolio?
New additions included Halozyme Therapeutics and US Foods, while positions in Darden Restaurants and STERIS were liquidated.
Where can I find more information about the Liberty All-Star Growth Fund?
Investors can explore further details on the fund through its official website or by contacting their service line.
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