BOSTON, July 17,
2024 /PRNewswire/ -- Below is the June 2024 Monthly Update for the Liberty All-Star
Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, June 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
- Sustainable Growth Advisers, LP
Large-Cap Growth
Top 20 Holdings at Month-End:
|
(33.2% of equity
portfolio)
|
|
|
1
|
Microsoft
Corp.
|
2.4 %
|
|
2
|
Amazon.com,
Inc.
|
2.4 %
|
|
3
|
SPS Commerce,
Inc.
|
2.3 %
|
|
4
|
Glaukos
Corp.
|
1.9 %
|
|
5
|
Natera, Inc.
|
1.9 %
|
|
6
|
Vertex, Inc.
|
1.9 %
|
|
7
|
Casella Waste Systems,
Inc.
|
1.8 %
|
|
8
|
FirstService
Corp.
|
1.7 %
|
|
9
|
StepStone Group,
Inc.
|
1.7 %
|
|
10
|
Visa, Inc.
|
1.7 %
|
|
11
|
UnitedHealth Group,
Inc.
|
1.6 %
|
|
12
|
Hamilton Lane,
Inc.
|
1.4 %
|
|
13
|
Crane Co.
|
1.4 %
|
|
14
|
S&P Global,
Inc.
|
1.4 %
|
|
15
|
Novo Nordisk
A/S
|
1.3 %
|
|
16
|
Monolithic Power
Systems, Inc.
|
1.3 %
|
|
17
|
Transcat,
Inc.
|
1.3 %
|
|
18
|
NVIDIA Corp.
|
1.3 %
|
|
19
|
Workday,
Inc.
|
1.3 %
|
|
20
|
Danaher
Corp.
|
1.2 %
|
Holdings are subject to change.
Monthly Performance:
|
Performance
|
NAV
|
Market Price
|
Discount
|
|
Beginning of month
value
|
$5.74
|
$5.23
|
-8.9 %
|
|
End of month
value
|
$5.83
|
$5.34
|
-8.4 %
|
|
Performance for
month
|
1.57 %
|
2.10 %
|
|
|
Performance
year-to-date
|
5.82 %
|
5.55 %
|
|
New Assets at Month End ($millions)
|
Total
|
$350.7
|
|
Equities
|
$342.1
|
|
Percent
Invested
|
97.6 %
|
Sector Breakdown* (% of equity portfolio):
|
Information
Technology
|
27.4 %
|
|
Health Care
|
20.3 %
|
|
Industrials
|
17.5 %
|
|
Financials
|
13.7 %
|
|
Consumer
Discretionary
|
10.4 %
|
|
Communication
Services
|
4.0 %
|
|
Consumer
Staples
|
2.0 %
|
|
Materials
|
1.9 %
|
|
Real
Estate
|
1.7 %
|
|
Energy
|
1.1 %
|
|
Total Market
Value
|
100 %
|
*Based on Standard & Poor's and MSCI Global Industry
Classification Standard (GICS).
New Holdings:
Apple, Inc.
Gartner, Inc.
Penumbra, Inc.
Weatherford International PLC
Holdings Liquidated:
Bruker Corp.
ChampionX Corp.
IQVIA Holdings, Inc.
Sherwin-Williams Co.
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 June 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.