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

Rhea-AI Summary

Liberty All-Star Growth Fund (NYSE: ASG) has released its monthly update for April 2021. The fund employs an all-cap growth strategy, leveraging three specialized managers. At month-end, the fund's NAV was $8.39, with a market price of $9.27, reflecting a premium of 10.5%. Monthly performance was strong, with a 5.71% increase in NAV. Top holdings include Progyny, Signature Bank, and FirstService Corp. The fund's net assets totaled $357.7 million, and it is invested at 101.2%. New investments included Ameresco, Inc. and Apria, Inc.

Positive

• 5.71% monthly performance increase in NAV.
• Net assets reached $357.7 million.
• Top holdings show diverse investments in growth sectors.
• Fund is fully invested at 101.2%.

Negative

• None.

BOSTON, May 12, 2021 /PRNewswire/ -- Below is the April 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, April, 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	Progyny, Inc.	2.2%
2	Signature Bank	2.0%
3	FirstService Corp.	2.0%
4	Chegg, Inc.	2.0%
5	Natera, Inc.	1.9%
6	Nevro Corp.	1.8%
7	Amazon.com, Inc.	1.8%
8	Upstart Holdings, Inc.	1.8%
9	Paylocity Holding Corp.	1.7%
10	UnitedHealth Group, Inc.	1.7%
11	Visa, Inc.	1.6%
12	Microsoft Corp.	1.5%
13	Ollie's Bargain Outlet Holdings, Inc.	1.4%
14	Yum! Brands, Inc.	1.3%
15	Facebook, Inc.	1.3%
16	salesforce.com, Inc.	1.3%
17	Generac Holdings, Inc.	1.3%
18	Workday, Inc.	1.2%
19	Zebra Technologies Corp.	1.2%
20	FleetCor Technologies, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.09	$8.61	6.4%
Distributions (Ex-Date April 22nd)	$0.17	$0.17
End of month value	$8.39	$9.27	10.5%
Performance for month	5.71%	9.74%
Performance year-to-date	9.12%	17.33%

 

Net Assets at Month-End ($millions)
Total	$357.7
Equities	$361.8
Percent Invested	101.2%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	27.5%
Health Care	24.4%
Consumer Discretionary	14.5%
Industrials	11.6%
Financials	10.5%
Communication Services	4.0%
Real Estate	3.6%
Materials	1.8%
Consumer Staples	1.2%
Energy	0.9%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Ameresco, Inc.
Apria, Inc.
Brooks Automation, Inc.
Latham Group, Inc.
RingCentral, Inc.

Holdings Liquidated
Mimecast, Ltd.
Synopsys, Inc.
US Physical Therapy, Inc.
XPO Logistics, Inc.

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 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 April 30, 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.

FAQ

What is the April 2021 Monthly Update for Liberty All-Star Growth Fund (ASG)?

The April 2021 Monthly Update for Liberty All-Star Growth Fund highlights a NAV of $8.39, a market price of $9.27, and a monthly performance increase of 5.71%.

What were the key holdings of Liberty All-Star Growth Fund (ASG) as of April 2021?

Key holdings include Progyny, Signature Bank, and FirstService Corp, among others.

How did Liberty All-Star Growth Fund (ASG) perform in April 2021?

Liberty All-Star Growth Fund achieved a 5.71% performance increase for the month of April 2021.

What is the net asset value (NAV) of Liberty All-Star Growth Fund (ASG) as of April 2021?

The NAV of Liberty All-Star Growth Fund was $8.39 at the end of April 2021.

What are the new investments made by Liberty All-Star Growth Fund (ASG) in April 2021?

New investments made by the fund include Ameresco, Inc. and Apria, Inc.

What is the market price premium of Liberty All-Star Growth Fund (ASG) as of April 2021?

The market price premium of Liberty All-Star Growth Fund is 10.5% as of April 2021.