Liberty All-Star® Growth Fund, Inc. April 2022 Monthly Update

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) reported its April 2022 monthly update highlighting key investment strategies and holdings. The fund uses a combination of small-, mid-, and large-cap growth managers. Top holdings include SPS Commerce (2.6%), UnitedHealth Group (2.0%), and Visa (2.0%). As of April 30, 2022, net assets totaled $334.7 million with an equity portfolio fully invested at 99.8%. The fund's performance for April declined by 12.22%, with a year-to-date drop of 23.97%. The market price at month-end was $6.50, reflecting an 8.3% premium over NAV.

Positive

• Top holdings include SPS Commerce (2.6%), UnitedHealth Group (2.0%), and Visa (2.0%).
• The fund's net assets totaled $334.7 million as of April 30, 2022.
• Equity portfolio fully invested at 99.8%.
• The market price of $6.50 represents an 8.3% premium over NAV.

Negative

• Monthly performance declined by 12.22% in April 2022.
• Year-to-date performance decreased by 23.97%.

BOSTON, May 16, 2022 /PRNewswire/ -- Below is the April 2022 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, April, 2022

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
(32.4% of equity portfolio)
1	SPS Commerce, Inc.	2.6%
2	UnitedHealth Group, Inc.	2.0%
3	Visa, Inc.	2.0%
4	Amazon.com, Inc.	1.9%
5	Casella Waste Systems, Inc.	1.9%
6	Microsoft Corp.	1.8%
7	FirstService Corp.	1.8%
8	SiteOne Landscape Supply, Inc.	1.6%
9	Montrose Environmental Group, Inc.	1.6%
10	Progyny, Inc.	1.5%
11	Danaher Corp.	1.5%
12	Intuit, Inc.	1.4%
13	Thermo Fisher Scientific, Inc.	1.4%
14	Ball Corp.	1.4%
15	Globant SA	1.4%
16	Hamilton Lane, Inc.	1.4%
17	Chegg, Inc.	1.3%
18	MSCI, Inc.	1.3%
19	Yum! Brands, Inc.	1.3%
20	Abbott Laboratories	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$6.99	$7.54	7.9%
Distributions (Ex-Date April 21st)	$0.14	$0.14
End of month value	$6.00	$6.50	8.3%
Performance for month	-12.22%	-11.84%
Performance year-to-date	-23.97%	-24.50%

 

Net Assets at Month-End ($millions)
Total	$334.7
Equities	$334.0
Percent Invested	99.8%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	29.1%
Health Care	21.9%
Consumer Discretionary	11.9%
Industrials	11.8%
Financials	9.4%
Communication Services	4.2%
Real Estate	4.0%
Materials	3.7%
Consumer Staples	2.2%
Energy	1.8%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Trimble, Inc.

Holdings Liquidated
Huntington Ingalls Industries, Inc.
RingCentral, 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 2022 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, 2022 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 was Liberty All-Star Growth Fund's performance in April 2022?

The fund's performance for April 2022 was -12.22%.

What are the top holdings of Liberty All-Star Growth Fund as of April 2022?

Top holdings include SPS Commerce (2.6%), UnitedHealth Group (2.0%), and Visa (2.0%).

What is the NAV and market price of Liberty All-Star Growth Fund at the end of April 2022?

As of April 30, 2022, the market price was $6.50, with a NAV of $6.00.

What were the net assets for Liberty All-Star Growth Fund in April 2022?

Net assets were reported at $334.7 million.

What is the year-to-date performance of Liberty All-Star Growth Fund as of April 2022?

The year-to-date performance was -23.97%.