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

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Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its August 2021 Monthly Update, highlighting key investment metrics. The fund employs three growth-style investment managers focusing on small-, mid-, and large-cap stocks. As of August 31, 2021, the fund's net assets totaled $479.5 million, with equities accounting for $481.5 million. The fund's NAV increased by 4.44% for the month, while the market price rose by 3.06%. Top holdings include companies like Paylocity, Amazon, and Upstart Holdings, with a significant allocation to Information Technology (29.8%).

Positive

• NAV increased by 4.44% for August.
• Total net assets reached $479.5 million.
• Top holdings perform well, including Paylocity and Amazon.

Negative

• Market price at a discount of 1.9% compared to NAV.
• Investment in equities slightly exceeds total net assets.

BOSTON, Sept. 10, 2021 /PRNewswire/ -- Below is the August 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, August, 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
	(31.0% of equity portfolio)
1	Paylocity Holding Corp.	2.0%
2	Amazon.com, Inc.	1.9%
3	Upstart Holdings, Inc.	1.9%
4	Natera, Inc.	1.9%
5	FirstService Corp.	1.9%
6	Progyny, Inc.	1.6%
7	UnitedHealth Group, Inc.	1.6%
8	Chegg, Inc.	1.6%
9	Microsoft Corp.	1.6%
10	Workday, Inc.	1.6%
11	Visa, Inc.	1.5%
12	Signature Bank	1.5%
13	PayPal Holdings, Inc.	1.4%
14	Facebook, Inc.	1.4%
15	salesforce.com, Inc.	1.4%
16	Intuit, Inc.	1.3%
17	Ollie's Bargain Outlet Holdings, Inc.	1.3%
18	Globant SA	1.2%
19	Ball Corp.	1.2%
20	Alphabet, Inc.	1.2%
Holdings are subject to change

 

Monthly Performance
Performance	NAV	Market Price	Discount
Beginning of month value	$8.56	$8.51	-0.6%
End of month value	$8.94	$8.77	-1.9%
Performance for month	4.44%	3.06%
Performance year-to-date	20.39%	14.93%

 

Net Assets at Month-End ($millions)
Total	$479.5
Equities	$481.5
Percent Invested	100.4%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	29.8%
Health Care	21.9%
Consumer Discretionary	13.8%
Industrials	12.1%
Financials	10.0%
Communication Services	4.4%
Real Estate	3.7%
Materials	2.1%
Consumer Staples	1.5%
Energy	0.7%
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 August 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.

FAQ

What was the NAV of Liberty All-Star Growth Fund (ASG) in August 2021?

The NAV increased to $8.94 by the end of August 2021.

What are the main sectors Liberty All-Star Growth Fund (ASG) is invested in?

The fund's largest sector allocation is Information Technology at 29.8%.

How did the market price of ASG perform in August 2021?

The market price rose by 3.06% but traded at a discount of 1.9% to NAV.

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

As of August 31, 2021, the total net assets were $479.5 million.

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

The fund is managed by Weatherbie Capital, Congress Asset Management, and Sustainable Growth Advisers.