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

Investment Approach - The Liberty All-Star Growth Fund, Inc. employs an all-cap growth investment style, utilizing three distinct growth style investment managers focusing on small-, mid-, and large-cap companies [1]. Investment Managers - The fund's investment managers include Weatherbie Capital, LLC for small-cap growth, Congress Asset Management Company, LLP for mid-cap growth, and Westfield Capital Management Company, L.P. for large-cap growth [2]. Top Holdings - The top 20 holdings represent 38.4% of the equity portfolio, with NVIDIA Corp. at 4.0%, Apple, Inc. at 3.1%, and Microsoft Corp. at 2.9% [2]. Monthly Performance - The net asset value (NAV) at the beginning of October was $6.03, decreasing to $5.96 by the end of the month, reflecting a performance decline of -1.16% for the month [3]. - The market price also decreased from $5.61 to $5.56, resulting in a performance decline of -0.89% for the month [3]. - Year-to-date performance shows an increase of 10.60% in NAV and 12.36% in market price [3]. Net Assets and Investment Allocation - Total net assets at month-end were $361.4 million, with $352.4 million invested in equities, indicating a 97.5% investment rate [4]. - The sector breakdown of the equity portfolio includes 29.3% in Information Technology, 17.4% in Health Care, and 17.3% in Industrials [4]. New and Liquidated Holdings - New holdings added during the month include Eli Lilly & Co. and MarketAxess Holdings, Inc. [4]. - Holdings liquidated include Avery Dennison Corp., Charles River Laboratories International, Inc., CoStar Group, Inc., and Ulta Beauty, Inc. [5].