#United States #Boston #Liberty All-Star #Growth Fund #NYSE ASG

Liberty All-Star Growth Fund, Inc. February 2025 Monthly Update

Boston-based Liberty All-Star Growth Fund, Inc. (ticker: ASG) recently released its monthly update for February 2025. This report provides valuable insights into the performance of the fund as it navigates through a volatile market environment.

Investment Approach

The fund employs a comprehensive investment strategy by integrating three distinct growth-style investment managers. Each manager focuses on specific capitalization segments: small-cap, mid-cap, and large-cap. This approach ensures a diversified portfolio that can adapt to varying market conditions.

Investment Managers

• - Weatherbie Capital, LLC: Specializes in Small-Cap Growth
• - Congress Asset Management Company, LLC: Focuses on Mid-Cap Growth
• - Westfield Capital Management Company, L.P.: Concentrates on Large-Cap Growth

Performance Overview

The fund's performance during February reflected challenges in the market, showing a noticeable decline. The figures reported indicate:

• - NAV at month-end: $5.70
• - Market Price: $5.24
• - Monthly performance: -7.92% (NAV), -8.07% (Market Price)
• - Year-to-date performance stands at -4.47% (NAV) and -5.19% (Market Price).

Such performance underscores the difficulties faced by the investment landscape at large but also highlights the fund's commitment to adapt and monitor its strategies closely.

Portfolio Composition

By the end of February, the fund's net assets totaled approximately $348.3 million, with 99.6% of its capital invested in equities. The fund's sector breakdown reveals a strong focus on technology, with Information Technology comprising 28.8% of the equity portfolio. Other significant sectors include:

• - Industrials: 17.4%
• - Health Care: 16.1%
• - Financials: 13.9%
• - Consumer Discretionary: 9.8%

This sectoral allocation is key in understanding how the fund is positioned to capitalize on growth opportunities while managing risk.

New and Liquidated Holdings

February witnessed several portfolio adjustments, with new holdings including:

• - Axon Enterprise, Inc.
• - Camtek, Ltd.
• - Datadog, Inc.
• - RadNet, Inc.

Conversely, the fund liquidated positions in companies like Block, Inc. and Valvoline, Inc. These decisions reflect an ongoing review process to optimize the investment strategy.

Distributions and Shareholder Notices

It's essential to note that the sources of distributions to shareholders could encompass a variety of streams, such as ordinary dividends or capital gains. The precise details surrounding these distributions for tax purposes will be determined at the conclusion of the fiscal year.

Conclusion

With a formula built on diverse investment styles and active management, Liberty All-Star Growth Fund, Inc. is poised to navigate the complexities of the stock market. Having faced a difficult February, stakeholders will be keenly observing how the fund adjusts its strategies moving forward. Investors are encouraged to review performance carefully and stay informed about the fund's adjustments and distribution details as 2025 progresses.