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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) provided its August 2020 Monthly Update, detailing its investment approach and performance metrics. The fund employs an all-cap growth strategy with three distinct managers focusing on small-, mid-, and large-cap investments. As of August 31, 2020, the net assets totaled $296.4 million, with 99% invested in equities. The fund reported a year-to-date performance of 22.85%, and a month-end NAV of $7.12, reflecting a 5.17% monthly increase. Key holdings include FirstService Corp., Chegg, Inc., and Nevro Corp. The sector breakdown highlights significant exposure in Information Technology (31.1%) and Health Care (26.0%).

Positive

• Year-to-date performance of 22.85%.
• Monthly NAV increase to $7.12, reflecting a 5.17% growth.
• 99% of net assets invested in equities.
• Top holdings include major companies like FirstService Corp. and Amazon.com, Inc.
• Diverse investment strategy across small, mid, and large-cap stocks.

Negative

• Market price of $7.65 shows a premium over the NAV of $7.12, indicating potential overvaluation risks.

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

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, August, 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
	(31.7% of equity portfolio)
1	FirstService Corp.	2.1%
2	Chegg, Inc.	1.9%
3	Nevro Corp.	1.9%
4	Paylocity Holding Corp.	1.8%
5	Visa, Inc.	1.8%
6	Microsoft Corp.	1.7%
7	Amazon.com, Inc.	1.7%
8	Facebook, Inc.	1.6%
9	Progyny, Inc.	1.6%
10	Alphabet, Inc	1.6%
11	Abbott Laboratories	1.5%
12	Casella Waste Systems, Inc.	1.5%
13	Workday, Inc.	1.5%
14	Insulet Corp.	1.5%
15	FleetCor Technologies, Inc	1.4%
16	Everbridge, Inc.	1.4%
17	NIKE, Inc.	1.3%
18	salesforce.com, Inc.	1.3%
19	PayPal Holdings, Inc.	1.3%
20	Generac Holdings, Inc.	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$6.77	$7.12	5.2%
End of month value	$7.12	$7.65	7.4%
Performance for month	5.17%	7.44%
Performance year-to-date	22.85%	25.70%

 

Net Assets at Month-End ($millions)
Total	$296.4
Equities	$293.4
Percent Invested	99.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	31.1%
Health Care	26.0%
Consumer Discretionary	12.3%
Industrials	12.2%
Communication Services	4.7%
Financials	4.1%
Real Estate	3.9%
Materials	3.1%
Consumer Staples	2.2%
Energy	0.4%
Total Market Value	100.0%

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

New Holdings
Thermo Fisher Scientific, Inc.

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 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.

All data is as of August 31, 2020 unless otherwise noted.                                        

Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com 

View original content to download multimedia:http://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-august-2020-monthly-update-301130190.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What are the key performance metrics for Liberty All-Star Growth Fund (ASG) in August 2020?

The fund had a NAV of $7.12 at the end of August 2020, with a month-to-date performance of 5.17% and a year-to-date performance of 22.85%.

What sectors does Liberty All-Star Growth Fund (ASG) invest in?

The fund's top sector allocations include Information Technology (31.1%) and Health Care (26.0%).

What is the total net asset value of the Liberty All-Star Growth Fund (ASG) as of August 2020?

As of August 31, 2020, the total net assets of the fund were $296.4 million.

Who are the investment managers for Liberty All-Star Growth Fund (ASG)?

The fund uses three managers: Weatherbie Capital for small-cap growth, Congress Asset Management for mid-cap growth, and Sustainable Growth Advisers for large-cap growth.

What are the top holdings in the Liberty All-Star Growth Fund (ASG) as of August 2020?

Top holdings include FirstService Corp. (2.1%), Chegg, Inc. (1.9%), and Nevro Corp. (1.9%).