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

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The Liberty All-Star Growth Fund (NYSE: ASG) released its monthly update for March 2022. The fund employs a diversified growth investment strategy, utilizing three distinct investment managers focusing on small-, mid-, and large-cap stocks. As of March 31, 2022, the fund's total net assets reached $389.8 million, with 97.2% of assets invested in equities. The fund's net asset value (NAV) increased to $6.99 at the end of March, with a monthly performance of 0.72%, while year-to-date performance was -13.38%. Major holdings include SPS Commerce, Amazon, and Casella Waste Systems.

Positive

• Net assets increased to $389.8 million.
• NAV increased to $6.99, reflecting positive monthly performance of 0.72%.
• 97.2% of assets are invested in equities, indicating a strong commitment to market exposure.

Negative

• Year-to-date performance stands at -13.38%, indicating significant losses.

BOSTON, April 13, 2022 /PRNewswire/ -- Below is the March 2022 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc. 
Ticker: ASG
Monthly Update, March, 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
		(33.3% of equity portfolio)
1		SPS Commerce, Inc.	2.5%
2		Amazon.com, Inc.	2.2%
3		Casella Waste Systems, Inc.	1.9%
4		FirstService Corp.	1.8%
5		Chegg, Inc.	1.8%
6		Visa, Inc.	1.8%
7		UnitedHealth Group, Inc.	1.8%
8		Microsoft Corp.	1.8%
9		Progyny, Inc.	1.8%
10		Montrose Environmental Group, Inc.	1.6%
11		SiteOne Landscape Supply, Inc.	1.6%
12		Danaher Corp.	1.5%
13		Globant SA	1.5%
14		Intuit, Inc.	1.4%
15		MSCI, Inc.	1.4%
16		StepStone Group, Inc.	1.4%
17		Ball Corp.	1.4%
18		Alphabet, Inc.	1.4%
19		Hamilton Lane, Inc.	1.4%
20		Core Laboratories NV	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium/(Discount)
Beginning of month value	$6.94	$6.92	-0.3%
End of month value	$6.99	$7.54	7.9%
Performance for month	0.72%	8.96%
Performance year-to-date	-13.38%	-14.35%

 

Net Assets at Month-End ($millions)
Total	$389.8
Equities	$379.0
Percent Invested	97.2%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	29.2%
Health Care	20.4%
Industrials	12.9%
Consumer Discretionary	11.9%
Financials	9.5%
Communication Services	5.1%
Real Estate	3.8%
Materials	3.2%
Consumer Staples	2.0%
Energy	2.0%
Total Market Value	100.0%

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

New Holdings
Ecolab, Inc.
US Physical Therapy, Inc.

Holdings Liquidated
Apria, Inc.
Meta Platforms, 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 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 March 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 March 2022 performance of Liberty All-Star Growth Fund (ASG)?

The Liberty All-Star Growth Fund reported a performance of 0.72% for March 2022, but year-to-date performance is at -13.38%.

What are the top holdings in Liberty All-Star Growth Fund (ASG) as of March 2022?

As of March 2022, the top holdings include SPS Commerce (2.5%), Amazon (2.2%), and Casella Waste Systems (1.9%).

What was the net asset value (NAV) of ASG at the end of March 2022?

The net asset value (NAV) of Liberty All-Star Growth Fund (ASG) at the end of March 2022 was $6.99.

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

As of March 31, 2022, 97.2% of Liberty All-Star Growth Fund's assets are invested in equities.