December 9, 2021

Liberty All-Star® Growth Fund, Inc. October 2021 Monthly Update

BOSTON, Nov. 13, 2021 /PRNewswire/ — Below is the October 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc….

BOSTON, Nov. 13, 2021 /PRNewswire/ — Below is the October 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)           

Liberty All-Star Growth Fund, Inc.                                   

Ticker: ASG

Monthly Update, October, 2021       

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                  


            (32.2% of equity portfolio)   


1          Paylocity Holding Corp. 

2.1%

2          SPS Commerce, Inc.

2.0%

3          FirstService Corp.  

2.0%

4          Amazon.com, Inc.  

1.8%

5          Progyny, Inc. 

1.8%

6          UnitedHealth Group, Inc. 

1.8%

7          Natera, Inc.  

1.8%

8          SiteOne Landscape Supply, Inc.    

1.7%

9          Signature Bank    

1.7%

10        Casella Waste Systems, Inc. 

1.7%

11        Microsoft Corp.   

1.6%

12        Montrose Environmental Group, Inc.    

1.5%

13        Chegg, Inc.    

1.4%

14        Workday, Inc.    

1.4%

15        Visa, Inc.   

1.4%

16        salesforce.com, Inc.  

1.4%

17        Meta Platforms, Inc.  

1.3%

18        Intuit, Inc.    

1.3%

19        Autodesk, Inc.     

1.3%

20        Alphabet, Inc.  

1.2%

Holdings are subject to change.

Monthly Performance                                 




Performance                                      

              NAV        

       Market Price  

     Premium

Beginning of month value                 

$8.57

$8.63

0.7%

End of month value                         

$9.16

$9.41

2.7%

Performance for month                     

6.88%

9.04%


Performance year-to-date                   

23.35%

23.32%


 

Net Assets at Month-End ($millions)

Total   

$494.6

Equities     

$486.8

Percent Invested    

98.4%

 

Sector Breakdown (% of equity portfolio)*                      

Information Technology   

31.2%

Health Care   

21.3%

Consumer Discretionary  

13.0%

Industrials      

12.4%

Financials   

8.9%

Communication Services 

5.1%

Real Estate         

3.8%

Materials  

2.1%

Consumer Staples   

1.4%

Energy     

0.8%

Total Market Value       

100.0%

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

 

New Holdings

None

Holdings Liquidated

None

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 exercised all primary rights in the Fund’s rights offering. 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 2021 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 October 31, 2021 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.