Welcome to our dedicated page for Liberty All-Star Growth news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Growth stock.
Liberty All-Star Growth Fund, Inc. (NYSE: ASG) is a diversified, closed-end management investment company that focuses on long-term capital appreciation through an all-cap growth equity strategy. The fund combines three growth-style investment managers, each concentrating on small-cap, mid-cap, or large-cap stocks, under the oversight of its investment advisor, ALPS Advisors, Inc. Its portfolio spans sectors such as information technology, industrials, health care, consumer discretionary, financials, communication services, real estate, consumer staples, materials, and energy.
This news page highlights regular updates and announcements from Liberty All-Star Growth Fund. Readers can find recurring monthly updates that detail the fund’s top holdings, sector breakdowns based on GICS classifications, net asset levels, and the percentage of the portfolio invested in equities. These updates also explain the relationship between net asset value (NAV), market price, and whether the fund’s shares trade at a premium or discount.
In addition to portfolio and performance commentary, the news stream features Board of Directors’ distribution declarations. These items describe the fund’s policy of targeting annual distributions totaling approximately 8 percent of net asset value, payable in quarterly installments, and explain how distributions may be sourced from income, capital gains, or return of capital. The news also outlines how distributions are delivered through newly issued shares for participants in the Dividend Reinvestment Plan or in cash for shareholders who elect that option.
Investors and researchers can use this page to follow Liberty All-Star Growth Fund’s ongoing communications about portfolio changes, new and liquidated holdings, distribution details, and risk reminders. Regularly reviewing these releases can help users understand how the fund’s all-cap growth strategy and sector allocations evolve over time within its closed-end fund structure.
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The Liberty All-Star Growth Fund (NYSE: ASG) released its March 2023 Monthly Update, detailing a fund style focused on all-cap growth through three distinct investment managers: Weatherbie Capital for small-cap, Congress Asset Management for mid-cap, and Sustainable Growth Advisers for large-cap.
As of March 31, 2023, the Fund's net assets totaled $315.1 million, with 98.1% invested in equities. The top holdings include major firms like SPS Commerce (2.7%) and Microsoft (2.0%).
The Fund's performance shows a 0.55% increase for the month and a 6.55% year-to-date return, with the net asset value (NAV) increasing from $5.43 to $5.46, while the market price slightly improved from $5.24 to $5.28.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has declared a $0.11 per share distribution, scheduled for payment on June 5, 2023, to shareholders of record as of April 21, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of net asset value annually, issued in four quarterly installments of 2%. A portion may be sourced from non-net income resources, including capital gains and return of capital. The actual distribution source for 2023 will be finalized after year-end.
The payment will be made in newly issued shares for most shareholders, with certain exceptions for cash election. Shares will be issued at the lower of the May 19, 2023 net asset value or market price, not below 95% of market value. The fund has over $308 million in net assets as of April 6, 2023.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its February 2023 Monthly Update, detailing its investment strategy, performance metrics, and top holdings. The fund employs a multi-manager approach across small-, mid-, and large-cap growth investments. As of February 28, 2023, the fund's net assets totaled $310.7 million, with 99.3% invested in equities. The fund's performance for February showed a decline of 3.21% in NAV and a market price decrease of 2.24%. Notable top holdings included SPS Commerce, Casella Waste Systems, and Visa. The fund introduced ServiceNow while liquidating Horizon Therapeutics and Match Group.
The Liberty All-Star Growth Fund (NYSE: ASG) released its January 2023 Monthly Update, focusing on its all-cap growth investment strategy, which utilizes three distinct investment managers. As of January 31, 2023, the fund's NAV was $5.61, down from $5.23 at the beginning of the month. The market price fell to $5.36, leading to a -4.5% discount. The fund’s top holdings include SPS Commerce (2.6%) and Montrose Environmental Group (1.9%). The fund reported a monthly performance of 9.47% and a year-to-date performance of 9.47%. Net assets total $321.2 million, fully invested.