Insights from Liberty All-Star Growth Fund's Recent Performance
Liberty All-Star Growth Fund, Inc. Monthly Update Overview
The following is the Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG). This fund emphasizes a robust investment approach, targeting all-cap growth across various sectors.
Investment Strategy
Liberty All-Star Growth Fund, Inc. employs a multi-manager strategy where three distinct investment managers focus on different capitalizations—small-, mid-, and large-cap stocks. This strategy ensures a diversified exposure and the potential for enhanced returns.
Investment Managers
The Fund's managers include:
- Weatherbie Capital, LLC - focusing on small-cap growth opportunities.
- Congress Asset Management Company, LLP - specializing in mid-cap growth investments.
- Westfield Capital Management Company, L.P. - concentrating on large-cap growth stocks.
Performance Insights
As of the latest reporting, the Monthly Performance for the fund endured a small decline. Here are some key highlights:
Monthly Performance Data
Beginning of Month Value: $5.70
End of Month Value: $5.28
Performance for the Month: -7.37%
Year-to-Date Performance: -11.51%
Portfolio Composition
Net Assets at Month-End stood at $325.0 million, with approximately 96.7% of this figure invested in equities.
Top Holdings
The top 20 holdings in the portfolio of Liberty All-Star Growth Fund as of the month-end reveal a strong inclination towards technological advancements:
- NVIDIA Corp. - 3.4%
- Amazon.com, Inc. - 3.1%
- Apple, Inc. - 2.9%
- Microsoft Corp. - 2.8%
- Ollie's Bargain Outlet Holdings, Inc. - 2.4%
- Alphabet, Inc. - 2.4%
- Meta Platforms, Inc. - 2.3%
- Casella Waste Systems, Inc. - 2.1%
- FirstService Corp. - 2.1%
- S&P Commerce, Inc. - 1.8%
- Visa, Inc. - 1.8%
- Hamilton Lane, Inc. - 1.7%
- Natera, Inc. - 1.7%
- StepStone Group, Inc. - 1.6%
- Brown & Brown, Inc. - 1.4%
- Upstart Holdings, Inc. - 1.4%
- TransDigm Group, Inc. - 1.3%
- Penumbra, Inc. - 1.3%
- Dexcom, Inc. - 1.3%
- Ascendis Pharma A/S - 1.2%
Sector Breakdown
The sector distribution of the Fund favors Information Technology, Industrials, and Health Care, indicating a strategic choice in sectors poised for growth:
- Information Technology - 27.6%
- Industrials - 18.6%
- Health Care - 16.2%
- Financials - 13.7%
- Consumer Discretionary - 10.6%
- Communication Services - 6.2%
- Consumer Staples - 3.9%
- Real Estate - 2.1%
- Materials - 0.9%
- Energy - 0.2%
Recent Changes in Holdings
In a bid to optimize its portfolio, the Fund introduced new holdings such as Artivion, Inc., Garmin Ltd., Guidewire Software, Inc., and MongoDB, Inc. Conversely, several positions were liquidated, including American Eagle Outfitters, Inc. and ICON PLC, demonstrating the Fund's active management style.
Understanding NAV and Market Performance
It’s critical to recognize the distinction between the Net Asset Value (NAV) of the Fund and its market price. The NAV represents the value of underlying assets minus liabilities, while the market price is the live trading price on exchanges, which can fluctuate based on demand and supply dynamics.
Investors must be aware that the performance of the Fund is subject to market volatilities, and thus, recent performance numbers may not denote future results accurately.
Frequently Asked Questions
What is the current NAV of the Liberty All-Star Growth Fund?
The NAV is currently reported at $5.28 at the end of the month.
What are the major holdings of the fund?
Key holdings include NVIDIA Corp., Amazon.com, and Apple, which represent significant portions of the portfolio.
How does the fund perform year-to-date?
The fund's year-to-date performance stands at -11.51%, indicating challenges in the current market environment.
What investment strategy does the fund use?
The fund employs a multi-manager strategy that integrates small, mid, and large-cap growth investments.
How often is the performance of the fund updated?
Monthly updates are provided to reflect current performance and portfolio changes for investors.
For more information, please reach out to Liberty All-Star Growth Fund, Inc. at 1-800-241-1850, or visit the official website.
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