August 14, 2020

Liberty All-Star® Growth Fund, Inc. July 2020 Monthly Update

BOSTON, Aug. 14, 2020 /PRNewswire/ — Below is the July 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE:…

BOSTON, Aug. 14, 2020 /PRNewswire/ — Below is the July 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.                                   

Ticker: ASG

Monthly Update, July, 2020  

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


(31.0% of equity portfolio)


1

Chegg, Inc.

2.3%

2

FirstService Corp.

2.1%

3

Nevro Corp.

1.9%

4

Paylocity Holding Corp.

1.7%

5

Microsoft Corp.

1.7%

6

Visa, Inc.

1.6%

7

Facebook, Inc.

1.6%

8

Amazon.com, Inc.

1.6%

9

Progyny, Inc.

1.5%

10

Casella Waste Systems, Inc.

1.5%

11

Alphabet, Inc.

1.5%

12

Abbott Laboratories

1.4%

13

Insulet Corp.

1.4%

14

salesforce.com, Inc. 

1.4%

15

Everbridge, Inc.

1.4%

16

FleetCor Technologies, Inc.

1.4%

17

Ollie’s Bargain Outlet Holdings, Inc.

1.3%

18

PayPal Holdings, Inc.

1.3%

19

UnitedHealth Group, Inc.

1.2%

20

Yum! Brands, Inc. 

1.2%

Holdings are subject to change.

 

Monthly Performance




Performance

NAV

Market Price

Premium/(Discount)

Beginning of month value

$6.29

$6.29

-3.1%

Distributions (Ex-Date July 23)

$0.13

$0.13


End of month value

$6.77

$7.12%

5.2%

Performance for month

6.32%

15.37%


Performance year-to-date

16.93%

17.11%


 

Net Assets at Month-End ($millions)

Total

$281.8

Equities

$281.6

Percent Invested

99.9%

 

Sector Breakdown (% of equity portfolio)*

Information Technology

31.8%

Health Care

25.1%

Consumer Discretionary

12.8%

Industrials

12.1%

Communication Services

4.5%

Financials

4.1%

Real Estate

4.0%

Materials

3.1%

Consumer Staples

2.2%

Energy

0.3%

Total Market Value

100.0%

*Based on Standard & Poor’s and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings

Neurocrine Biosciences, Inc.

Vertex, Inc.

Holdings Liquidated

Avery Dennison Corp.

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 and all primary rights in the Fund’s rights offering were exercised. 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 2020 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 no portion of the distributions consists 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 July 31, 2020 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.