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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) released its June 2021 update, showcasing a diversified all-cap growth investment strategy managed by three firms. The fund's net assets totaled $370.5 million, with a 99% investment in equities. Notable top holdings included FirstService Corp and Amazon.com, each constituting around 2% of the equity portfolio. The fund achieved a monthly performance of 4.11% and a year-to-date return of 12.30%. The NAV rose from $8.28 to $8.62, while the market price increased from $8.80 to $8.89, reflecting a 3.1% premium.

Positive

• Monthly performance increase of 4.11%.
• Year-to-date return of 12.30%.
• Net assets reached $370.5 million.
• Strong investment in equities at 99%.
• Top holdings include well-performing companies like Amazon and Visa.

Negative

• None.

BOSTON, July 15, 2021 /PRNewswire/ -- Below is the June 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)    

Liberty All-Star Growth Fund, Inc.    
Ticker: ASG
Monthly Update, June, 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
	(31.5% of equity portfolio)
1	FirstService Corp.	2.0%
2	Natera, Inc.	2.0%
3	Chegg, Inc.	1.9%
4	Amazon.com, Inc.	1.8%
5	Upstart Holdings, Inc.	1.8%
6	Progyny, Inc.	1.8%
7	Nevro Corp.	1.7%
8	Paylocity Holding Corp.	1.6%
9	Signature Bank	1.6%
10	Ollie's Bargain Outlet Holdings, Inc.	1.6%
11	Visa, Inc.	1.5%
12	UnitedHealth Group, Inc.	1.5%
13	Microsoft Corp.	1.5%
14	Facebook, Inc.	1.4%
15	Generac Holdings, Inc.	1.4%
16	salesforce.com, Inc.	1.3%
17	Zebra Technologies Corp.	1.3%
18	Cerence, Inc.	1.3%
19	Workday, Inc.	1.3%
20	PayPal Holdings, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.28	$8.80	6.3%
End of month value	$8.62	$8.89	3.1%
Performance for month	4.11%	1.02%
Performance year-to-date	12.30%	12.71%

 

Net Assets at Month-End ($millions)
Total	$370.5
Equities	$366.6
Percent Invested	99.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	28.0%
Health Care	23.7%
Consumer Discretionary	14.8%
Industrials	11.9%
Financials	10.1%
Communication Services	4.2%
Real Estate	3.6%
Materials	1.6%
Consumer Staples	1.1%
Energy	1.0%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
None

Holdings Liquidated
None

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 June 30, 2021 unless otherwise noted. 

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-june-2021-monthly-update-301335136.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the June 2021 update for Liberty All-Star Growth Fund (ASG)?

The June 2021 update highlights a monthly performance increase of 4.11%, with net assets totaling $370.5 million and a year-to-date return of 12.30%.

What were the top holdings of Liberty All-Star Growth Fund (ASG) in June 2021?

The top holdings included FirstService Corp and Amazon.com, each contributing approximately 2% to the equity portfolio.

What is the performance of Liberty All-Star Growth Fund (ASG) year-to-date?

Liberty All-Star Growth Fund (ASG) has achieved a year-to-date return of 12.30% as of June 2021.

What was the net asset value (NAV) of Liberty All-Star Growth Fund (ASG) at the end of June 2021?

The NAV of Liberty All-Star Growth Fund (ASG) rose to $8.62 at the end of June 2021.

How much did Liberty All-Star Growth Fund (ASG) increase its market price in June 2021?

The market price of Liberty All-Star Growth Fund (ASG) increased from $8.80 to $8.89, reflecting a 3.1% premium.