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. reports recurring closed-end fund updates for its NYSE-listed shares under the symbol ASG. The fund seeks long-term capital appreciation through a diversified equity portfolio and uses a multi-manager growth strategy with distinct small-, mid- and large-capitalization mandates selected and monitored by its investment advisor.
Company news commonly covers monthly net asset value, market price and discount data, total-return performance, sector allocation across areas such as information technology, industrials, health care and consumer discretionary, quarterly distribution declarations, dividend reinvestment mechanics and investment manager changes within the fund's growth portfolio 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.
The Liberty All-Star Growth Fund (NYSE: ASG) provided its monthly update for December 2022. The fund follows an all-cap growth investment strategy managed by three distinct growth style managers focusing on small, mid, and large-cap equities. Notably, as of December 31, 2022, the fund had a net asset value of $299 million, with 98% invested in equities. The top five holdings included SPS Commerce (2.7%), Microsoft (2.0%), and Montrose Environmental Group (1.9%). The fund's performance for December showed a decline of 6.27%, with a year-to-date performance drop of 30.98%. The fund traded at a market price of $4.93, reflecting a discount of 5.7% compared to its NAV.
On January 9, 2023, Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.11 per share, payable on March 6, 2023. Shareholders of record by January 20, 2023 will benefit, with an ex-dividend date set for January 19, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of its net asset value annually, through four quarterly payments. The distribution will predominantly be in newly issued shares, valued at either the February 17, 2023 net asset value or market value.
Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its November 2022 Monthly Update, highlighting an investment approach combining three distinct growth managers. The fund's net assets stood at $316.6 million, with 99.4% invested in equities. The NAV increased to $5.58 despite a 3.0% discount from market price. Monthly performance was 5.24%, year-to-date performance reported at -26.45%. Major sector allocations included Information Technology (27.4%) and Health Care (20.6%). New holdings added include Aon PLC and Avery Dennison Corp.
Liberty All-Star Growth Fund (NYSE: ASG) provided its monthly update for October 2022, highlighting a portfolio strategy that includes small-, mid-, and large-cap growth managers. The fund's net assets reached $306 million, with equities valued at $300.5 million, indicating a 98.2% investment rate. The fund's performance showed a monthly return of 7.14%, while year-to-date returns fell by 30.12%. The top holdings included SPS Commerce (2.9%) and Montrose Environmental (2.0%). The report also mentioned a new holding in Choice Hotels and the liquidation of Azenta.