Liberty All-Star® Growth Fund, Inc. August 2017 Update


BOSTON, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Below is the August 2017 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE:ASG)

    
Liberty All-Star Growth FundMonthly Update 
 Ticker: ASGAugust, 2017 
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  
 (29.2% of equity portfolio)  
 (Rank from previous month)  
1J.B. Hunt Transport Services, Inc. (3)2.0% 
2IPG Photonics Corp. (1)2.0% 
3FirstService Corp. (5)1.8% 
4Wayfair, Inc., Class A (10)1.6% 
5Signature Bank (6)1.5% 
6Visa, Inc., Class A (12)1.5% 
7Salesforce.com, Inc. (14)1.4% 
8Portola Pharmaceuticals, Inc. (16)1.4% 
9Facebook, Inc., Class A (8)1.4% 
10Insulet Corp. (24)1.4% 
11The Middleby Corp. (2)1.4% 
12Alphabet, Inc., Class C (17)1.4% 
13Ecolab, Inc. (18)1.3% 
14The Priceline Group, Inc. (20)1.3% 
15Paylocity Holding Corp. (27)1.3% 
16NIKE, Inc., Class B (7)1.3% 
17UnitedHealth Group, Inc. (21)1.3% 
18FleetCor Technologies, Inc. (15)1.3% 
19Stamps.com, Inc. (4)1.3% 
20Cerner Corp. (22)1.3% 
 Holdings are subject to change.  
 

 

Monthly Performance 
PerformanceNAVMarket PriceDiscount
Beginning of month value$5.39 $4.99 -7.4%
Distributions –  –  
End of month value$5.34 $4.97 -6.9%
Performance for month -0.93% -0.40% 
Performance year-to-date 18.66% 26.82% 
    
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. 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 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. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.
    
    
Net Assets at Month-End ($millions)  
Total$142.5   
Equities$142.0   
Percent Invested 99.6%  
   
Sector Breakdown (% of equity portfolio)*   
Information Technology  32.0%  
Consumer Discretionary  19.4%  
Health Care  17.3%  
Industrials  13.9%  
Financials  6.1%  
Real Estate  3.7%  
Materials  3.1%  
Consumer Staples  2.8%  
Energy  1.7%  
Total Market Value  100.0%  
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).   
    
New Holdings Holdings Liquidated 
Barnes Group, Inc. Kansas City Southern 
Charles River Laboratories International, Inc. Scripps Networks Interactive, Inc. 
McCormick & Co., Inc.  
The TJX Companies, Inc.   
    

The Liberty All-Star Funds
1-800-241-1850