Liberty All-Star® Growth Fund, Inc. September 2024 Monthly Update
Rhea-AI Summary
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its September 2024 Monthly Update. The fund combines three growth style investment managers focusing on small-, mid-, and large-cap stocks. As of September 30, 2024, the fund's net assets totaled $365.8 million, with 97.7% invested in equities.
The fund's top holdings include NVIDIA Corp. (3.6%), Apple, Inc. (3.2%), and Microsoft Corp. (3.0%). The sector breakdown shows a concentration in Information Technology (29.7%), Health Care (18.5%), and Industrials (17.2%).
For September, the fund's NAV performance was 1.17%, while its market price performance was 2.37%. Year-to-date, the NAV and market price performances were 11.90% and 13.37%, respectively. The fund's discount narrowed from -8.1% to -7.0% during the month.
Positive
- Net assets totaled $365.8 million with 97.7% invested in equities
- Positive monthly performance: 1.17% NAV increase and 2.37% market price increase
- Strong year-to-date performance: 11.90% NAV increase and 13.37% market price increase
- Discount narrowed from -8.1% to -7.0%, indicating increased investor interest
Negative
- Fund continues to trade at a discount to NAV, albeit reduced
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, September 2024
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
- Weatherbie Capital, LLC
Small-Cap Growth - Congress Asset Management Company, LLP
Mid-Cap Growth - Westfield Capital Management Company, L.P.
Large-Cap Growth
Top 20 Holdings at Month-End:
( | ||
1 | NVIDIA Corp.Amazon.com, Inc. | 3.6 % |
2 | Apple, Inc. | 3.2 % |
3 | Microsoft Corp. | 3.0 % |
4 | Amazon.com, Inc. | 2.8 % |
5 | Alphabet, Inc. | 2.1 % |
6 | Meta Platforms, Inc. | 2.1 % |
7 | SPS Commerce, Inc. | 2.0 % |
8 | Natera, Inc. | 2.0 % |
9 | FirstService Corp. | 2.0 % |
10 | Casella Waste Systems, Inc. | 1.8 % |
11 | Hamilton Lane, Inc. | 1.7 % |
12 | StepStone Group, Inc. | 1.7 % |
13 | Glaukos Corp. | 1.6 % |
14 | Tandem Diabetes Care, Inc. | 1.4 % |
15 | Visa, Inc. | 1.3 % |
16 | TransDigm Group, Inc. | 1.3 % |
17 | Ollie's Bargain Outlet Holdings, Inc. | 1.3 % |
18 | Booz Allen Hamilton Holding Corp. | 1.1 % |
19 | Casey's General Stores, Inc. | 1.1 % |
20 | Brown & Brown, Inc. | 1.0 % |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | -8.1 % | ||
End of month value | -7.0 % | ||
Performance for month | 1.17 % | 2.37 % | |
Performance year-to-date | 11.90 % | 13.37 % |
Net Assets at Month-End ($millions):
Total | |
Equities | |
Percent Invested | 97.7 % |
Sector Breakdown* (% of equity portfolio):
Information Technology | 29.7 % |
Health Care | 18.5 % |
Industrials | 17.2 % |
Financials | 11.3 % |
Consumer Discretionary | 9.7 % |
Communication Services | 5.7 % |
Consumer Staples | 3.9 % |
Real Estate | 2.4 % |
Materials | 0.8 % |
Energy | 0.8 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
American Eagle Outfitters, Inc.
AptarGroup, Inc.
Oracle Corp.
Holdings Liquidated:
Entegris, Inc.
Nevro Corp.
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 September 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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