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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) released its December 2020 Monthly Update, highlighting a 42.42% year-to-date performance. The fund's net assets reached $338.1 million, with $333.8 million in equities. Key holdings include Chegg, Progyny, and Amazon, making up 31.5% of the portfolio. The fund's NAV rose to $7.98 by month-end, while its market price was $8.20. The fund invests primarily in Information Technology (30.2%) and Health Care (24.8%).
New holdings include American Express and Disney.

Positive

• 42.42% year-to-date performance.
• Net assets of $338.1 million.
• Top holdings include Chegg and Amazon.
• NAV increased to $7.98.

Negative

• None

BOSTON, Jan. 14, 2021 /PRNewswire/ -- Below is the December 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, December, 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
(31.5% of equity portfolio)
1	Chegg, Inc.	2.2%
2	Progyny, Inc.	2.2%
3	Paylocity Holding Corp.	1.9%
4	FirstService Corp.	1.9%
5	Nevro Corp.	1.9%
6	Natera, Inc.	1.7%
7	Amazon.com, Inc.	1.6%
8	Visa, Inc.	1.6%
9	Microsoft Corp.	1.6%
10	UnitedHealth Group, Inc.	1.5%
11	Ollie's Bargain Outlet Holdings, Inc.	1.5%
12	ACADIA Pharmaceuticals, Inc.	1.4%
13	Casella Waste Systems, Inc.	1.4%
14	FleetCor Technologies, Inc.	1.3%
15	Facebook, Inc.	1.3%
16	Abbott Laboratories	1.3%
17	Yum! Brands, Inc.	1.3%
18	PayPal Holdings, Inc.	1.3%
19	Everbridge, Inc.	1.3%
20	salesforce.com, Inc.	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$7.51	$8.05	7.2%
End of month value	$7.98	$8.20	2.8%
Performance for month	6.26%	1.86%
Performance year-to-date	42.42%	39.37%

 

Net Assets at Month-End ($millions)
Total	$338.1
Equities	$333.8
Percent Invested	98.7%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	30.2%
Health Care	24.8%
Consumer Discretionary	13.6%
Industrials	11.4%
Financials	7.5%
Communication Services	4.5%
Real Estate	3.5%
Materials	1.9%
Consumer Staples	1.9%
Energy	0.7%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings
American Express Co.
BioLife Solutions Inc.
Floor & Decor Holdings, Inc.
Masco Corp.
Upstart Holdings, Inc.
Walt Disney Co.

Holdings Liquidated
Becton Dickinson and Co.
Ecolab, Inc.
HD Supply Holdings, Inc.
HubSpot, Inc.
Insulet Corp.
Lennox International, Inc.
Pluralsight, 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 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.

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 2020 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 December 31, 2020 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 recent performance of Liberty All-Star Growth Fund (ASG)?

The Liberty All-Star Growth Fund reported a year-to-date performance of 42.42% as of December 2020.

What are the net assets of Liberty All-Star Growth Fund (ASG) as of December 2020?

The net assets of the Liberty All-Star Growth Fund totaled $338.1 million by the end of December 2020.

Who are the top holdings of Liberty All-Star Growth Fund (ASG)?

Key holdings include Chegg, Progyny, and Amazon, comprising 31.5% of the equity portfolio.

What was the NAV of Liberty All-Star Growth Fund (ASG) at month-end December 2020?

The NAV of the Liberty All-Star Growth Fund was $7.98 at the end of December 2020.

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

The fund primarily invests in Information Technology (30.2%) and Health Care (24.8%).