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

Rhea-AI Summary

The Liberty All-Star Growth Fund (ASG) provided its January 2021 update, highlighting an all-cap growth investment strategy managed by three growth investment managers focusing on small-, mid-, and large-cap stocks.

As of month-end, the fund's net assets totaled $332.3 million with a premium of 6.0% over its NAV of $7.84. The fund's top holdings include Progyny, Chegg, and Natera, making up 30.9% of the equity portfolio. The sector breakdown shows a significant concentration in Information Technology (28.9%) and Health Care (25.6%) sectors.

Positive

• Total net assets rose to $332.3 million.
• Fund's NAV per share is $7.84, reflecting a 6.0% premium.
• Top holdings indicate a diversified investment strategy with strong companies.

Negative

• The fund's beginning NAV was $7.98, indicating a decline to $7.84 at month-end.

BOSTON, Feb. 11, 2021 /PRNewswire/ -- Below is the January 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, January, 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
	(30.9% of equity portfolio)
1	Progyny, Inc.	2.3%
2	Chegg, Inc.	2.3%
3	Natera, Inc.	1.9%
4	FirstService Corp.	1.9%
5	Paylocity Holding Corp.	1.8%
6	Nevro Corp.	1.7%
7	Microsoft Corp.	1.6%
8	Amazon.com, Inc.	1.6%
9	Abbott Laboratories	1.5%
10	Ollie's Bargain Outlet Holdings, Inc.	1.4%
11	Visa, Inc.	1.4%
12	Signature Bank	1.4%
13	UnitedHealth Group, Inc.	1.4%
14	Williams-Sonoma, Inc.	1.3%
15	salesforce.com, Inc.	1.3%
16	ACADIA Pharmaceuticals, Inc.	1.3%
17	PayPal Holdings, Inc.	1.2%
18	Yum! Brands, Inc.	1.2%
19	FleetCor Technologies, Inc.	1.2%
20	Workday, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$7.98	$8.20	2.8%
Distributions (Ex-Date January 21st)	$0.16	$0.16
End of month value	$7.84	$8.31	6.0%
Performance for month	0.24%	3.40%
Performance year-to-date	0.24%	3.40%

 

Net Assets at Month-End ($millions)
Total	$332.3
Equities	$334.8
Percent Invested	100.7%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	28.9%
Health Care	25.6%
Consumer Discretionary	13.6%
Industrials	10.9%
Financials	8.5%
Communication Services	4.3%
Real Estate	3.5%
Materials	1.8%
Consumer Staples	1.8%
Energy	1.1%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Montrose Environmental Group, Inc.
MYT Netherlands Parent BV

Holdings Liquidated
eHealth, 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 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 Janaury 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 net asset value of Liberty All-Star Growth Fund (ASG) in January 2021?

The net asset value (NAV) of Liberty All-Star Growth Fund (ASG) at the end of January 2021 was $7.84.

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

In January 2021, the Liberty All-Star Growth Fund (ASG) had a performance of 0.24%.

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

The top holdings of Liberty All-Star Growth Fund (ASG) include Progyny, Chegg, and Natera, totaling 30.9% of the equity portfolio.

What was the total net assets for Liberty All-Star Growth Fund (ASG) as of January 2021?

As of January 2021, Liberty All-Star Growth Fund (ASG) had total net assets of $332.3 million.

What is the sector breakdown of Liberty All-Star Growth Fund (ASG) as of January 2021?

As of January 2021, the sector breakdown of Liberty All-Star Growth Fund (ASG) shows 28.9% in Information Technology and 25.6% in Health Care.