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

Rhea-AI Summary

The Liberty All-Star Growth Fund (Ticker: ASG) released its February 2021 Monthly Update, reporting a net asset value (NAV) of $8.05 and a market price of $8.95, reflecting an 11.2% premium. The fund’s performance for February was 2.68%, with a year-to-date performance of 2.72%. Top holdings include Chegg, Inc. (2.2%), Signature Bank (2.1%), and Natera, Inc. (2.1%). The fund invests across various market caps through three managers focusing on small, mid, and large-cap growth.

Positive

• NAV increased from $7.84 to $8.05, a 2.68% performance for February.
• Market price increased from $8.31 to $8.95, an 11.2% premium over NAV.
• Diversified investment with top holdings in high-growth companies.

Negative

• None.

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

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, February, 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
	(31.5% of equity portfolio)
1	Chegg, Inc.	2.2%
2	Signature Bank	2.1%
3	Natera, Inc.	2.1%
4	Progyny, Inc.	2.0%
5	FirstService Corp.	2.0%
6	Paylocity Holding Corp.	1.8%
7	Nevro Corp.	1.7%
8	Amazon.com, Inc.	1.7%
9	Microsoft Corp.	1.6%
10	Visa, Inc.	1.5%
11	UnitedHealth Group, Inc.	1.5%
12	Generac Holdings, Inc.	1.3%
13	Williams-Sonoma, Inc.	1.3%
14	FleetCor Technologies, Inc.	1.3%
15	Zebra Technologies Corp.	1.3%
16	ACADIA Pharmaceuticals, Inc.	1.3%
17	Alphabet, Inc.	1.2%
18	Ollie's Bargain Outlet Holdings, Inc.	1.2%
19	Facebook, Inc.	1.2%
20	Abbott Laboratories	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$7.84	$8.31	6.0%
End of month value	$8.05	$8.95	11.2%
Performance for month	2.68%	7.70%
Performance year-to-date	2.72%	11.14%

 

Net Assets at Month-End ($millions)
Total	$341.2
Equities	$344.7
Percent Invested	101.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	28.3%
Health Care	24.2%
Consumer Discretionary	13.7%
Industrials	11.1%
Financials	9.7%
Communication Services	4.7%
Real Estate	3.5%
Materials	1.9%
Consumer Staples	1.7%
Energy	1.2%
Total Market Value	100.0%

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

New Holdings
BTRS Holdings, 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. 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 February 28, 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 NAV of Liberty All-Star Growth Fund (ASG) for February 2021?

The NAV of Liberty All-Star Growth Fund (ASG) for February 2021 is $8.05.

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

Liberty All-Star Growth Fund (ASG) achieved a performance of 2.68% in February 2021.

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

The top holdings include Chegg, Inc. (2.2%), Signature Bank (2.1%), and Natera, Inc. (2.1%).

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

The market price of Liberty All-Star Growth Fund (ASG) was $8.95, resulting in an 11.2% premium over NAV.