Liberty All-Star® Growth Fund, Inc. August 2024 Monthly Update
Rhea-AI Summary
The Liberty All-Star Growth Fund (NYSE: ASG) released its August 2024 Monthly Update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a 2.05% increase in Net Asset Value (NAV) and a 1.29% increase in market price for the month. Year-to-date performance showed gains of 10.60% for NAV and 10.75% for market price. The fund's total net assets at month-end were $361.2 million, with 98.3% invested in equities. The top three sector allocations were Information Technology (26.4%), Health Care (21.4%), and Industrials (16.5%). The fund's top holding was Amazon.com at 2.4% of the equity portfolio. New holdings added include Halozyme Therapeutics, MYR Group, and US Foods Holding Corp, while Darden Restaurants, Definitive Healthcare, and STERIS PLC were liquidated.
Positive
- NAV increased by 2.05% in August
- Market price rose by 1.29% for the month
- Year-to-date performance shows 10.60% gain in NAV and 10.75% in market price
- High investment rate with 98.3% of assets in equities
- Diversified portfolio across various growth sectors
Negative
- Discount to NAV widened from -7.4% to -8.1% during the month
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, August 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 | Amazon.com, Inc. | 2.4 % |
2 | Microsoft Corp. | 2.2 % |
3 | SPS Commerce, Inc. | 2.1 % |
4 | FirstService Corp. | 2.0 % |
5 | Casella Waste Systems, Inc. | 1.9 % |
6 | Natera, Inc. | 1.9 % |
7 | Glaukos Corp. | 1.8 % |
8 | Visa, Inc. | 1.8 % |
9 | UnitedHealthGroup, Inc. | 1.8 % |
10 | StepStone Group, Inc. | 1.7 % |
11 | Hamilton Lane, Inc. | 1.7 % |
12 | Workday, Inc. | 1.4 % |
13 | S&P Global, Inc. | 1.4 % |
14 | Tandem Diabetes Care, Inc. | 1.4 % |
15 | Aon PLC | 1.4 % |
16 | Meta Platforms, Inc. | 1.3 % |
17 | Novo Nordisk A/S | 1.2 % |
18 | Yum! Brands, Inc. | 1.2 % |
19 | Canadian Pacific Kansas City, Ltd. | 1.2 % |
20 | NVIDIA Corp. | 1.2 % |
Holdings are subject to change. | ||
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | -7.4 % | ||
End of month value | -8.1 % | ||
Performance for month | 2.05 % | 1.29 % | |
Performance year-to-date | 10.60 % | 10.75 % |
Net Assets at Month-End ($millions):
Total | |
Equities | |
Percent Invested | 98.3 % |
Sector Breakdown* (% of equity portfolio):
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 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). | |
New Holdings:
Halozyme Therapeutics, Inc.
MYR Group, Inc.
US Foods Holding Corp.
Holdings Liquidated:
Darden Restaurants, Inc.
Definitive Healthcare Corp.
STERIS PLC
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 August 31, 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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