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Liberty All-Star® Growth Fund, Inc. July 2023 Monthly Update

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Liberty All-Star Growth Fund, Inc. (NYSE: ASG) provides the July 2023 Monthly Update, showcasing a diverse investment approach with three growth style investment managers focusing on small-, mid-, and large-cap stocks. The top 20 holdings at month-end and performance data are detailed, along with net assets, sector breakdown, new holdings, and liquidated holdings. The report also explains the net asset value (NAV) and market price, emphasizing the total returns, management fees, and shareholder risks.
Positive
  • Diverse investment approach with three growth style managers provides a comprehensive strategy.
  • Strong performance year-to-date with a 15.73% increase in NAV and 18.03% in market price.
  • Sector breakdown shows a well-diversified portfolio, reducing concentration risk.
Negative
  • None.

BOSTON, Aug. 14, 2023 /PRNewswire/ -- Below is the July 2023 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)        

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, July, 2023  

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                                                                     


(31.7% of equity portfolio) 


1

SPS Commerce, Inc.

2.3 %

2

 Amazon.com, Inc.

2.0 %

3

Microsoft Corp.

1.9 %

4

Progyny, Inc.

1.9 %

5

Visa, Inc.

1.8 %

6

FirstService Corp.

1.8 %

7

Flywire Corp.

1.7 %

8

Glaukos Corp.

1.7 %

9

Deckers Outdoor Corp.

1.6 %

10

SiteOne Landscape Supply, Inc.

1.5 %

11

Workday, Inc.

1.5 %

12

Casella Waste Systems, Inc.

1.5 %

13

S&P Global, Inc. 

1.4 %

14

UnitedHealth Group, Inc. 

1.3 %

15

Aon PLC 

1.3 %

16

Novanta, Inc.

1.3 %

17

MSCI, Inc.

1.3 %

18

ACADIA Pharmaceuticals, Inc.

1.3 %

19

Alphabet, Inc.

1.3 %

20

Danaher Corp.

1.3 %

Holdings are subject to change.

 

Monthly Performance                                   

Performance

NAV

Market Price

Discount

Beginning of month value

$5.68

$5.41

-4.8 %

Distributions (Ex-Date July 20th)

$0.11

$0.11


End of month value

$5.69

$5.47

-3.9 %

Performance for month

2.19 %

3.14 %


Performance year-to-date

15.73 %

18.03 %


Net Assets at Month-End ($millions)
Total                            $331.6
Equities                       $332.2
Percent Invested         100.2%

Sector Breakdown (% of equity portfolio)*                      

Health Care

21.6 %

Information Technology

21.2 %

Industrials

14.3 %

Consumer Discretionary

13.9 %

Financials

13.4 %

Materials

4.0 %

Real Estate

3.8 %

Communication Services

3.1 %

Consumer Staples

2.6 %

Energy

2.1 %

Total Market Value

100.0 %

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

New Holdings
Canadian Pacific Kansas City, Ltd.
Oddity Tech, Ltd.
Perficient, Inc.

Holdings Liquidated
Adobe, Inc.
Akamai Technologies, Inc.
Skyworks Solutions, Inc.
TechTarget, Inc.
Williams-Sonoma, 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 2023 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 a portion of the distributions consist 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 July 31, 2023 unless otherwise noted.                                             

Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com                          

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-july-2023-monthly-update-301899818.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the investment approach of Liberty All-Star Growth Fund, Inc.?

The investment approach 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.

What are the top 20 holdings at month-end?

The top 20 holdings include SPS Commerce, Inc., Amazon.com, Inc., Microsoft Corp., Progyny, Inc., and others, totaling 31.7% of the equity portfolio.

How is the performance year-to-date?

The performance year-to-date shows a 15.73% increase in NAV and 18.03% in market price, reflecting strong growth.

What are the sector breakdown percentages?

The sector breakdown includes 21.6% in Health Care, 21.2% in Information Technology, 14.3% in Industrials, and other well-distributed percentages.

What are the sources of distributions to shareholders?

Sources of distributions may include ordinary dividends, long-term capital gains, and return of capital, with the final determination to be made after year-end.

What is the contact information for Liberty All-Star Growth Fund, Inc.?

For more information, contact 1-800-241-1850 or visit www.all-starfunds.com.

LIBERTY ALL-STAR GROWTH FD

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