Liberty All-Star Growth Fund vs PIMCO Strategic Income Fund

Liberty All-Star Growth Fund and PIMCO Strategic Income Fund Inc are compared across business models, financial performance indicators, and market context. This page presents neutral explanations of each fund’s strategy, income approach, portfolio focus, and potential exposure, helping readers understand similarities and differences without advice. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

ASG

Metric

RCS

$332.10M

Market Cap

$284.56M

N/A

Potential Profit

N/A

Analyst Rating

N/A

Investment Analysis

Liberty All-Star Growth Fund

ASG

Pros

Attractive 8.6% dividend yield with a consistent quarterly distribution history.
Invests across diversified sectors with a multi-manager approach targeting enduring competitive advantages and high sustainable earnings growth.
Trades at a roughly 8% discount to NAV, offering potential value relative to underlying assets.

Considerations

Moderate market price volatility reflected in a beta of 1.17, indicating sensitivity to market movements.
Past PE ratio has shown significant fluctuation historically, reflecting potential valuation volatility.
Relatively small market capitalization around $340 million, which may limit liquidity and increase vulnerability to market shifts.

PIMCO Strategic Income Fund

RCS

Pros

Managed by PIMCO, a well-regarded investment firm specializing in fixed income strategies.
Focuses on generating higher income than traditional high-quality bond funds, appealing to income-seeking investors.
Diversified strategic income approach aims to manage risk and provide consistent distributions.

Considerations

Exposure to interest rate and credit risk common in strategic income funds can impact NAV and distributions.
Closed-end fund structure may lead to trading at persistent premiums or discounts to NAV, introducing valuation risk.
Performance can be sensitive to macroeconomic conditions and credit market fluctuations, adding cyclical risk.

About The Companies

Liberty All-Star Growth Fund (ASG)

Liberty All-Star Growth Fund (ASG) is a diversified, closed-end investment fund. Its main objective is to seek long-term capital appreciation, meaning it aims to grow the value of its investments over time. The fund follows a 'multi-manager' approach, entrusting its assets to several independent investment managers with different styles. It primarily invests in a broad portfolio of equity securities from companies of any size. While at least 65% of its assets are in equities, the fund has the flexibility to invest a smaller portion in assets like UK Government Securities. Unlike open-end funds, closed-end funds like ASG issue a fixed number of shares that trade on a stock exchange. This means its share price is determined by market supply and demand, and can trade at a price different from its underlying net asset value. As with any investment, its value can fall as well as rise.

PIMCO Strategic Income Fund (RCS)

PIMCO Strategic Income Fund, Inc. is a closed-end investment fund, which means it trades on the stock exchange like a share but holds a portfolio of other assets. Its primary goal is to generate a high level of income for investors, potentially more than what might be expected from high-quality, medium-term government bonds. While income is the main focus, the fund also aims for capital appreciation where possible. To achieve this, it invests in a diverse mix of debt securities. These can include government-issued bonds from the US and abroad, mortgage-related securities, and other asset-backed products. The fund is managed by PIMCO, a well-known global investment management company. As with any investment, it's important to remember that the value of the fund can go down as well as up, and income is not guaranteed.

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