#USA #Boston #Liberty All-Star #ASG #Growth Fund

Liberty All-Star Growth Fund, Inc. Monthly Update - November 2024

Overview
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its monthly update, showcasing significant performance metrics achieved by the fund in November 2024. The fund utilizes an all-cap growth investment approach that leverages three distinct investment styles focusing on small-, mid-, and large-cap strategies. These strategies are continuously monitored and executed by well-selected investment managers to ensure optimal returns for investors.

Investment Management Team

The investment management for the Liberty All-Star Growth Fund consists of:

• - Weatherbie Capital, LLC for Small-Cap Growth
• - Congress Asset Management Company, LLC focusing on Mid-Cap Growth
• - Westfield Capital Management Company, L.P. for Large-Cap Growth

This diversified management structure helps the fund navigate various market conditions and maximize growth potential.

Top Holdings

As of the end of November, the fund's top holdings comprised 39.1% of the equity portfolio. Here are the leaders of the pack:
1. NVIDIA Corp. - 3.9%
2. Apple, Inc. - 3.0%
3. Amazon.com, Inc. - 2.9%
4. Microsoft Corp. - 2.8%
5. Upstart Holdings, Inc. - 2.1%

Additional notable names include Alphabet, Meta Platforms, and Visa, showcasing a strong focus on technology and consumer discretionary sectors, which have driven much of the recent market recovery.

Monthly Performance Analysis

In terms of performance, the net asset value (NAV) of the fund at the beginning of the month was set at $5.96, while the market price was $5.56, indicating a discount of 6.7%. Throughout November, the fund experienced substantial growth, culminating in an end-of-month NAV of $6.35 and a market price of $5.87, which translates to discounts of 7.6%.

Key Performances

• - Monthly Performance

- NAV Growth: 8.72%
- Market Price Growth: 7.73%

• - Year-to-Date Performance

- NAV: 20.25%
- Market Price: 21.05%

These figures underscore the fund's resilience and strategic positioning in a fluctuating market landscape.

Asset Allocation

The breakdown of the equity portfolio by sector indicates strong exposure to technology at 28.4%, followed by industrials at 17.6% and healthcare at 16.5%. This strategic allocation allows the fund to capitalize on growth trends across several lucrative sectors.

New and Liquidated Holdings

In November, the fund introduced several new holdings including Block, Inc., GE Vernova, Inc., and Sprouts Farmers Market, Inc., while liquidating its positions in AbbVie, Inc. and Advanced Micro Devices, Inc.. These changes reflect the fund's proactive management style, adjusting the portfolio in response to market dynamics.

Conclusion

The Liberty All-Star Growth Fund, Inc. performed admirably through November 2024, demonstrating its capability to deliver robust returns while strategically managing risks. Investors should stay receptive to ongoing updates, given the dynamic nature of market conditions. As always, past performance may not necessarily predict future results, but the established strategy and management of the ASG fund appear poised for continued growth and profitability. For further information, visit Liberty All-Star Growth Fund, Inc..