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

Rhea-AI Summary

Liberty All-Star Growth Fund (ASG) released its March 2021 Monthly Update highlighting its all-cap growth investment approach, utilizing three distinct investment managers. The fund reported a net asset value of $345 million, with approximately 98.6% of the assets invested. The monthly performance showed a NAV increase of 0.50% and a market price decline of 3.80%. Notable top holdings include Progyny, Chegg, and Upstart Holdings, each at 2.0% of the portfolio. The sector breakdown shows significant investments in Information Technology (27.5%) and Health Care (23.1%).

Positive

• Net assets increased to $345 million, indicating robust fund health.
• Top holdings like Progyny and Chegg are positioned well for growth.

Negative

• Market price declined by 3.80%, suggesting a potential undervaluation.
• Monthly performance lagged with only a 0.50% increase in NAV.

BOSTON, April 13, 2021 /PRNewswire/ -- Below is the March 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, March, 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
	(31.7% of equity portfolio)
1	Progyny, Inc.	2.0%
2	Chegg, Inc.	2.0%
3	Upstart Holdings, Inc.	2.0%
4	Signature Bank	2.0%
5	FirstService Corp.	2.0%
6	Natera, Inc.	1.8%
7	Amazon.com, Inc.	1.7%
8	UnitedHealth Group, Inc.	1.7%
9	Paylocity Holding Corp.	1.7%
10	Microsoft Corp.	1.6%
11	Visa, Inc.	1.5%
12	Nevro Corp.	1.4%
13	Generac Holdings, Inc.	1.3%
14	Ollie's Bargain Outlet Holdings, Inc.	1.3%
15	Workday, Inc.	1.3%
16	Zebra Technologies Corp.	1.3%
17	Alphabet, Inc.	1.3%
18	Yum! Brands, Inc.	1.3%
19	Facebook, Inc.	1.3%
20	salesforce.com, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.05	$8.95	11.2%
End of month value	$8.09	$8.61	6.4%
Performance for month	0.50%	-3.80%
Performance year-to-date	3.23%	6.92%

 

Net Assets at Month-End ($millions)
Total	$345.0
Equities	$340.2
Percent Invested	98.6%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	27.5%
Health Care	23.1%
Consumer Discretionary	14.2%
Industrials	12.6%
Financials	10.6%
Communication Services	4.2%
Real Estate	3.6%
Materials	2.0%
Consumer Staples	1.2%
Energy	1.0%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Asbury Automotive Group, Inc.
SEMrush Holdings, Inc.

Holdings Liquidated
Avalara, Inc.
Bill.com Holdings, Inc.
BioLife Solutions, Inc.
Lamb Weston Holdings, Inc.
Match Group, 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 March 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 is the performance of ASG in March 2021?

The Liberty All-Star Growth Fund (ASG) posted a 0.50% increase in NAV and a 3.80% decline in market price for March 2021.

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

The top holdings include Progyny, Chegg, and Upstart Holdings, each representing 2.0% of the equity portfolio.

How much are the net assets of ASG?

As of March 31, 2021, the net assets of the Liberty All-Star Growth Fund (ASG) were $345 million.

What sectors is ASG heavily invested in?

ASG's equity portfolio is heavily invested in Information Technology (27.5%) and Health Care (23.1%).