Liberty All-Star® Growth Fund, Inc. November 2024 Monthly Update
Rhea-AI Summary
The Liberty All-Star Growth Fund (NYSE: ASG) released its November 2024 monthly update, showing strong performance with an 8.72% NAV increase and 7.73% market price growth for the month. The fund's year-to-date performance reached 20.25% for NAV and 21.05% for market price. The fund combines three investment managers focusing on small-, mid-, and large-cap growth stocks.
The fund's top holdings include major tech companies, with NVIDIA (3.9%), Apple (3.0%), and Amazon (2.9%) leading the portfolio. The fund's sector allocation is heavily weighted towards Information Technology (28.4%), followed by Industrials (17.6%) and Health Care (16.5%). Total net assets stood at $384.8 million with 99.7% invested in equities. The fund traded at a -7.6% discount to NAV at month-end.
Positive
- Strong monthly performance with 8.72% NAV increase
- Impressive YTD returns of over 20% for both NAV and market price
- High investment rate with 99.7% of assets deployed in equities
- Well-diversified portfolio across growth sectors
Negative
- Increased discount to NAV from -6.7% to -7.6% during November
News Market Reaction
On the day this news was published, ASG gained 0.17%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, November 2024
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
- Weatherbie Capital, LLC
Small-Cap Growth - Congress Asset Management Company, LLP
Mid-Cap Growth - Westfield Capital Management Company, L.P.
Large-Cap Growth
Top 20 Holdings at Month-End: | ||
( | ||
1 | NVIDIA Corp. | 3.9 % |
2 | Apple, Inc. | 3.0 % |
3 | Amazon.com, Inc. | 2.9 % |
4 | Microsoft Corp. | 2.8 % |
5 | Upstart Holdings, Inc. | 2.1 % |
6 | SPS Commerce, Inc. | 2.1 % |
7 | Alphabet, Inc. | 2.0 % |
8 | Natera, Inc. | 2.0 % |
9 | Ollie's Bargain Outlet Holdings, Inc. | 2.0 % |
10 | Meta Platforms, Inc. | 1.9 % |
11 | FirstService Corp. | 1.9 % |
12 | Casella Waste Systems, Inc. | 1.9 % |
13 | Hamilton Lane, Inc. | 1.6 % |
14 | StepStone Group, Inc. | 1.6 % |
15 | Visa, Inc. | 1.4 % |
16 | Semtech Corp. | 1.4 % |
17 | Glaukos Corp. | 1.3 % |
18 | ServiceNow, Inc. | 1.1 % |
19 | Raymond James Financial, Inc. | 1.1 % |
20 | Tandem Diabetes Care, Inc. | 1.1 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Discount |
Beginning of month value | -6.7 % | ||
Distributions (Ex-Date November 15th) | |||
End of month value | -7.6 % | ||
Performance for month | 8.72 % | 7.73 % | |
Performance year-to-date | 20.25 % | 21.05 % | |
Net Assets at Month-End ($millions): | |
Total | |
Equities | |
Percent Invested | 99.7 % |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 28.4 % |
Industrials | 17.6 % |
Health Care | 16.5 % |
Financials | 14.2 % |
Consumer Discretionary | 9.9 % |
Communication Services | 5.7 % |
Consumer Staples | 4.2 % |
Real Estate | 1.9 % |
Materials | 0.9 % |
Energy | 0.7 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). | |
New Holdings:
Block, Inc.
GE Vernova, Inc.
GoDaddy, Inc.
Sprouts Farmers Market, Inc.
VSE Corp.
Holdings Liquidated:
AbbVie, Inc.
Advanced Micro Devices, Inc.
ASML Holding N.V.
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2024 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates a portion of the distributions consist of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.
All data is as of November 30, 2024 unless otherwise noted.
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star Growth Fund, Inc.
FAQ
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