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

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The Liberty All-Star Growth Fund (NYSE: ASG) reported its February 2022 Monthly Update. The fund's net assets reached $383.4 million, with 99.9% invested in equities. The Nav decreased from $7.15 to $6.94, marking a monthly performance drop of -2.94% and a year-to-date decline of -14.00%. The top holdings included SPS Commerce, Amazon, and UnitedHealth Group. The fund's sectors are led by Information Technology at 28.2% and Health Care at 21.0%. The update includes new holdings in Dril-Quip and S&P Global, while IHS Markit and Linde PLC were liquidated.

Positive

• Total net assets of $383.4 million
• 99.9% equity investment
• Diverse investment approach with three growth style managers

Negative

• NAV decreased from $7.15 to $6.94
• Monthly performance declined by -2.94%
• Year-to-date performance down by -14.00%

BOSTON, March 14, 2022 /PRNewswire/ -- Below is the February 2022 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)                       

Liberty All-Star Growth Fund, Inc. 
Ticker: ASG
Monthly Update, February, 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
(31.6% of equity portfolio)
1          SPS Commerce, Inc.	2.5%
2          Amazon.com, Inc.	2.2%
3          UnitedHealth Group, Inc.	1.9%
4          Casella Waste Systems, Inc.	1.8%
5          Microsoft Corp.	1.8%
6          Visa, Inc.	1.7%
7          FirstService Corp.	1.7%
8          SiteOne Landscape Supply, Inc.	1.7%
9          Chegg, Inc.	1.6%
10        Globant SA	1.5%
11        StepStone Group, Inc.	1.4%
12        Danaher Corp.	1.4%
13        Workday, Inc.	1.4%
14        Hamilton Lane, Inc.	1.4%
15        Ball Corp.	1.3%
16        Progyny, Inc.	1.3%
17        Alphabet, Inc.	1.3%
18        Intuit, Inc.	1.3%
19        Core Laboratories NV	1.2%
20        MSCI, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium/(Discount)
Beginning of month value	$7.15	$7.34	2.7%
End of month value	$6.94	$6.92	-0.3%
Performance for month	-2.94%	-5.72%
Performance year-to-date	-14.00%	-21.40%

 

Net Assets at Month-End ($millions)
Total	$383.4
Equities	$383.0
Percent Invested	99.9%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	28.2%
Health Care	21.0%
Consumer Discretionary	13.0%
Industrials	12.2%
Financials	9.8%
Communication Services	6.1%
Real Estate	3.7%
Materials	2.7%
Consumer Staples	2.1%
Energy	1.2%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Dril-Quip, Inc.
S&P Global, Inc.
The Sherwin-Williams Co.

Holdings Liquidated
IHS Markit, Ltd.
Linde PLC
LivePerson, 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 February 28, 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 are the recent holdings of the Liberty All-Star Growth Fund (ASG)?

As of February 2022, new holdings include Dril-Quip and S&P Global, while IHS Markit and Linde PLC were liquidated.

What is the NAV for Liberty All-Star Growth Fund (ASG) for February 2022?

The NAV decreased from $7.15 at the beginning of February to $6.94 by the end of the month.

How did the Liberty All-Star Growth Fund (ASG) perform in February 2022?

The fund reported a monthly performance decline of -2.94%.

What percentage of the Liberty All-Star Growth Fund (ASG) is invested in equities?

The fund has 99.9% of its total assets invested in equities.

What was the total net assets of the Liberty All-Star Growth Fund (ASG) at the end of February 2022?

The total net assets reached $383.4 million.