Liberty All-Star® Growth Fund, Inc. June 2020 Monthly Update

Rhea-AI Summary

Liberty All-Star Growth Fund (NYSE: ASG) released its monthly update for June 2020, highlighting a significant increase in NAV to $6.49, a 3.18% monthly performance. The fund's total net assets reached $270.1 million, with equities valued at $264.5 million, representing a 97.9% investment rate. The fund's top sectors include Information Technology (32.7%) and Health Care (24.6%). New investment holdings included Core Laboratories and Horizon Therapeutics. The fund remains focused on all-cap growth strategies through diverse investment managers.

Positive

• NAV increased to $6.49, up from $6.29 at the beginning of the month.
• Monthly performance of 3.18%, outperforming market price increase of 5.54%.
• Total net assets rose to $270.1 million.
• 97.9% of assets are invested in equities.

Negative

• Market price at $6.29 shows a discount of 3.1% compared to NAV.
• Historical performance volatility may concern investors.

BOSTON, July 15, 2020 /PRNewswire/ -- Below is the June 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, June, 2020

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
	(32.0% of equity portfolio)
1	Paylocity Holding Corp.	2.1%
2	FirstService Corp.	2.1%
3	Chegg, Inc.	2.1%
4	Nevro Corp.	1.8%
5	Amazon.com, Inc.	1.8%
6	Microsoft Corp.	1.8%
7	Alphabet, Inc.	1.7%
8	Visa, Inc.	1.6%
9	Progyny, Inc.	1.5%
10	PayPal Holdings, Inc.	1.5%
11	Facebook, Inc.	1.5%
12	Insulet Corp.	1.5%
13	Casella Waste Systems, Inc.	1.5%
14	EPAM Systems, Inc.	1.4%
15	salesforce.com, Inc.	1.4%
16	Abbott Laboratories	1.4%
17	FleetCor Technologies, Inc.	1.4%
18	Everbridge, Inc.	1.3%
19	UnitedHealth Group, Inc.	1.3%
20	NIKE, Inc.	1.3%

Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Discount
Beginning of month value	$6.29	$5.96	-5.2%
End of month value	$6.49	$6.29	-3.1%
Performance for month	3.18%	5.54%
Performance year-to-date	9.98%	1.51%

 

Net Assets at Month-End ($millions)
Total	$270.1
Equities	$264.5
Percent Invested	97.9%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	32.7%
Health Care	24.6%
Consumer Discretionary	12.7%
Industrials	11.7%
Communication Services	4.6%
Financials	4.1%
Real Estate	3.9%
Materials	3.5%
Consumer Staples	2.1%
Energy	0.1%
Total Market Value	100.0%

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

New Holdings
Core Laboratories NV
Horizon Therapeutics plc
Inspire Medical Systems, Inc.
Union Pacific Corp.
West Pharmaceutical Services, Inc.

Holdings Liquidated
Booking Holdings, Inc.
Jazz Pharmaceuticals PLC
TJX Cos., Inc.
Trade Desk, Inc.
Ulta Beauty, Inc.
Wayfair, Inc.
Xylem, 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 and all primary rights in the Fund's rights offering were exercised. 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 2020 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 June 30, 2020 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 NAV of Liberty All-Star Growth Fund (ASG) in June 2020?

The NAV increased to $6.49 by the end of June 2020.

How did Liberty All-Star Growth Fund (ASG) perform in June 2020?

The fund achieved a monthly performance of 3.18%.

What are the top sectors of investments for Liberty All-Star Growth Fund (ASG)?

The top sectors include Information Technology (32.7%) and Health Care (24.6%).

What were the total net assets of Liberty All-Star Growth Fund (ASG) at month-end June 2020?

Total net assets reached $270.1 million.

What new holdings were added to Liberty All-Star Growth Fund (ASG) in June 2020?

New holdings included Core Laboratories, Horizon Therapeutics, and Inspire Medical Systems.