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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) released its January 2022 update, reporting a net asset value (NAV) decline of 11.52% for the month and year-to-date performance of -11.52%. The fund boasts a diversified investment strategy across small-, mid-, and large-cap growth. Top holdings include SPS Commerce (2.3%) and Amazon (2.1%), collectively representing 31.8% of the portfolio. The fund's total net assets are approximately $395.5 million, with 99.8% invested in equities. The market price at the end of January was $7.34, indicating a 2.7% premium over NAV.

Positive

• Top holdings include SPS Commerce (2.3%) and Amazon (2.1%), showcasing a diversified portfolio.
• Total net assets stand at approximately $395.5 million, indicating significant investment capacity.
• 99.8% of net assets are invested in equities, reflecting strong commitment to growth investment.

Negative

• NAV declined by 11.52% for January and year-to-date, signaling market underperformance.
• Market price dropped to $7.34, which may concern investors about future performance.

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

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, January, 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                  

	(31.8% of equity portfolio)
1	SPS Commerce, Inc.	2.3%
2	Amazon.com, Inc.	2.1%
3	Visa, Inc.	2.1%
4	Casella Waste Systems, Inc.	1.8%
5	UnitedHealth Group, Inc.	1.8%
6	FirstService Corp.	1.8%
7	Microsoft Corp.	1.8%
8	SiteOne Landscape Supply, Inc.	1.7%
9	Ball Corp.	1.6%
10	Hamilton Lane, Inc.	1.5%
11	Workday, Inc.	1.5%
12	Progyny, Inc.	1.5%
13	Danaher Corp.	1.4%
14	StepStone Group, Inc.	1.4%
15	Globant SA	1.3%
16	Alphabet, Inc.	1.3%
17	Intuit, Inc.	1.3%
18	salesforce.com, Inc.	1.2%
19	Meta Platforms, Inc.	1.2%
20	PayPal Holdings, Inc.	1.2%

Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.25	$9.00	9.1%
Distributions (Ex-Date January 20th)	$0.15	$0.15
End of month value	$7.15	$7.34	2.7%
Performance for month	-11.52%	-16.73%
Performance year-to-date	-11.52%	-16.73%
Net Assets at Month-End ($millions)
Total	$395.5
Equities	$394.7
Percent Invested	99.8%
Sector Breakdown (% of equity portfolio)*
Information Technology	29.2%
Health Care	20.7%
Industrials	12.9%
Consumer Discretionary	12.4%
Financials	8.8%
Communication Services	6.3%
Real Estate	3.7%
Materials	2.9%
Consumer Staples	2.1%
Energy	1.0%
Total Market Value	100.0%

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

New Holdings
Saia, Inc.

Holdings Liquidated
Cintas Corp.

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 January 31, 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 is the latest performance of the Liberty All-Star Growth Fund (ASG) as of January 2022?

As of January 2022, the Liberty All-Star Growth Fund (ASG) reported a NAV decline of 11.52% and a year-to-date performance of -11.52%.

What are the top holdings of the Liberty All-Star Growth Fund (ASG) for January 2022?

The top holdings for January 2022 include SPS Commerce (2.3%) and Amazon (2.1%), accounting for 31.8% of the equity portfolio.

What is the net asset value (NAV) of the Liberty All-Star Growth Fund (ASG) as of January 31, 2022?

The net asset value (NAV) of the Liberty All-Star Growth Fund (ASG) as of January 31, 2022, is $7.15.

What was the market price of the Liberty All-Star Growth Fund (ASG) at the end of January 2022?

The market price of the Liberty All-Star Growth Fund (ASG) at the end of January 2022 was $7.34.

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

As of January 31, 2022, 99.8% of the Liberty All-Star Growth Fund (ASG) is invested in equities.