BOSTON, Jan. 12,
2024 /PRNewswire/ -- Below is the December 2023 Monthly Update for the Liberty
All-Star Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund,
Inc.
Ticker: ASG
Monthly Update, December, 2023
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
|
|
|
(32.4% of equity portfolio)
|
|
|
1
|
SPS Commerce,
Inc.
|
2.8 %
|
|
2
|
Microsoft
Corp.
|
2.1 %
|
|
3
|
Amazon.com, Inc.
|
2.0 %
|
|
4
|
Progyny,
Inc.
|
1.9 %
|
|
5
|
FirstService
Corp.
|
1.8 %
|
|
6
|
Glaukos
Corp.
|
1.7 %
|
|
7
|
ACADIA Pharmaceuticals,
Inc.
|
1.7 %
|
|
8
|
Visa, Inc.
|
1.7 %
|
|
9
|
Vertex, Inc.
|
1.6 %
|
|
10
|
UnitedHealth Group,
Inc.
|
1.6 %
|
|
11
|
Casella Waste Systems,
Inc.
|
1.5 %
|
|
12
|
SiteOne Landscape
Supply, Inc.
|
1.5 %
|
|
13
|
Danaher Corp.
|
1.4 %
|
|
14
|
S&P Global,
Inc.
|
1.4 %
|
|
15
|
Transcat, Inc.
|
1.3 %
|
|
16
|
Hamilton Lane,
Inc.
|
1.3 %
|
|
17
|
Canadian Pacific Kansas
City, Ltd.
|
1.3 %
|
|
18
|
Inspire Medical
Systems, Inc.
|
1.3 %
|
|
19
|
StepStone Group,
Inc.
|
1.3 %
|
|
20
|
Crane Co.
|
1.2 %
|
|
Holdings are subject to
change.
|
|
Monthly
Performance
|
|
|
|
|
Performance
|
NAV
|
Market Price
|
Discount
|
|
Beginning of month
value
|
$5.35
|
$5.02
|
-6.2 %
|
|
End of month
value
|
$5.75
|
$5.28
|
-8.2 %
|
|
Performance for
month
|
7.48 %
|
5.18 %
|
|
|
Performance
year-to-date
|
19.37 %
|
16.28 %
|
|
|
Net Assets at
Month-End ($millions)
|
|
|
Total
|
$340.5
|
|
Equities
|
$335.6
|
|
Percent
Invested
|
98.6 %
|
|
Sector Breakdown (%
of equity
portfolio)*
|
|
Health Care
|
23.4 %
|
|
Information
Technology
|
22.7 %
|
|
Industrials
|
16.8 %
|
|
Financials
|
12.9 %
|
|
Consumer
Discretionary
|
10.7 %
|
|
Materials
|
3.7 %
|
|
Real
Estate
|
3.7 %
|
|
Communication
Services
|
3.1 %
|
|
Consumer Staples
|
1.6 %
|
|
Energy
|
1.4 %
|
|
Total Market
Value
|
100.0 %
|
|
*Based on Standard
& Poor's and MSCI Global Industry Classification Standard
(GICS).
|
New Holdings
Brown & Brown, Inc.
Fabrinet
Valvoline, Inc.
Holdings Liquidated
Asbury Automotive Group, Inc.
Choice Hotels International, Inc.
Ciena Corp.
Seacoast Banking Corp. of Florida
Xponential Fitness, Inc.
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 2023 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 December 31,
2023 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.