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BOSTON, April 15, 2025 /PRNewswire/ -- Below is the March 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, March 2025
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:
(40.0% of equity portfolio) | ||
1 | NVIDIA Corp. | 3.4 % |
2 | Amazon.com, Inc. | 3.1 % |
3 | Apple, Inc. | 2.9 % |
4 | Microsoft Corp. | 2.8 % |
5 | Ollie's Bargain Outlet Holdings, Inc. | 2.4 % |
6 | Alphabet, Inc. | 2.4 % |
7 | Meta Platforms, Inc. | 2.3 % |
8 | Casella Waste Systems, Inc. | 2.1 % |
9 | FirstService Corp. | 2.1 % |
10 | S&P Commerce, Inc. | 1.8 % |
11 | Visa, Inc. | 1.8 % |
12 | Hamilton Lane, Inc. | 1.7 % |
13 | Natera, Inc. | 1.7 % |
14 | StepStone Group, Inc. | 1.6 % |
15 | Brown & Brown, Inc. | 1.4 % |
16 | Upstart Holdings, Inc. | 1.4 % |
17 | TransDigm Group, Inc. | 1.3 % |
18 | Penumbra, Inc. | 1.3 % |
19 | Dexcom, Inc. | 1.3 % |
20 | Ascendis Pharma A/S | 1.2 % |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $5.70 | $5.24 | -8.1 % |
End of month value | $5.28 | $4.89 | -7.4 % |
Performance for month | -7.37 % | -6.68 % | |
Performance year-to-date | -11.51 % | -11.52 % |
Net Assets at Month-End ($millions):
Total | $325.0 |
Equities | $314.4 |
Percent Invested | 96.7 % |
Sector Breakdown* (% of equity portfolio):
Information Technology | 27.6 % |
Industrials | 18.6 % |
Health Care | 16.2 % |
Financials | 13.7 % |
Consumer Discretionary | 10.6 % |
Communication Services | 6.2 % |
Consumer Staples | 3.9 % |
Real Estate | 2.1 % |
Materials | 0.9 % |
Energy | 0.2 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
Artivion, Inc.
Garmin Ltd.
Guidewire Software, Inc.
MongoDB, Inc.
Holdings Liquidated:
American Eagle Outfitters, Inc.
ICON PLC
Inogen, Inc.
Jabil, Inc.
NXP Semiconductors NV
PTC, Inc.
Target Corp.
Weatherford International 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 2025 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 March 31, 2025 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.
BOSTON, April 7, 2025 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.10 per share payable on June 2, 2025 to shareholders of record on April 17, 2025. This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 8 percent of its net asset value per year, payable in four quarterly installments of 2 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2025 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.
The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Growth Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the May 16, 2025 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Fund's shares for this purpose will be the last sales price on the New York Stock Exchange.
The Fund does not continuously issue shares and trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol ASG. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $297 million in net assets as of April 4, 2025.
Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.
LAS001299
For Information Contact:
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
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SOURCE Liberty All-Star Growth Fund, Inc.
