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

Rhea-AI Summary

The Liberty All-Star Growth Fund, ticker ASG, released its May 2021 Monthly Update. The fund employs a multi-manager approach, combining strategies across small-, mid-, and large-cap growth investments. The net asset value (NAV) at month-end was $352.9 million, with total equities of $355.2 million, indicating 100.7% invested. For May, the fund experienced a NAV decline of -1.31% and a market price decline of -5.07%. Year-to-date performance stands at 7.87% for NAV and 11.57% for market price.

Positive

• Year-to-date performance is strong at 7.87% for NAV and 11.57% for market price.
• Diversified investment strategy through three managers focusing on different market capitalizations.

Negative

• NAV decreased by 1.31% in May.
• Market price fell by 5.07% during the same period.

BOSTON, June 14, 2021 /PRNewswire/ -- Below is the May 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, May, 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
	(31.2% of equity portfolio)
1	Progyny, Inc.	2.2%
2	FirstService Corp.	2.0%
3	Upstart Holdings, Inc.	1.9%
4	Signature Bank	1.9%
5	Natera, Inc.	1.8%
6	Chegg, Inc.	1.7%
7	Amazon.com, Inc.	1.7%
8	Nevro Corp.	1.6%
9	UnitedHealth Group, Inc.	1.6%
10	Visa, Inc.	1.6%
11	Paylocity Holding Corp.	1.5%
12	Microsoft Corp.	1.4%
13	Facebook, Inc.	1.3%
14	Core Laboratories NV	1.3%
15	salesforce.com, Inc.	1.3%
16	Ollie's Bargain Outlet Holdings, Inc.	1.3%
17	Generac Holdings, Inc.	1.3%
18	Yum! Brands, Inc.	1.3%
19	Zebra Technologies Corp.	1.3%
20	Workday, Inc.	1.2%
Holdings are subject to change.

                                 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.39	$9.27	10.5%
End of month value	$8.28	$8.80	6.3%
Performance for month	-1.31%	-5.07%
Performance year-to-date	7.87%	11.57%

 

Net Assets at Month-End ($millions)
Total	$352.9
Equities	$355.2
Percent Invested	100.7%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	27.5%
Health Care	23.6%
Consumer Discretionary	14.5%
Industrials	11.8%
Financials	10.6%
Communication Services	4.2%
Real Estate	3.6%
Materials	1.7%
Energy	1.3%
Consumer Staples	1.2%
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 May 31, 2021 unless otherwise noted.                                            

View original content to download multimedia:http://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-may-2021-monthly-update-301311870.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the latest performance of Liberty All-Star Growth Fund (ASG)?

As of May 2021, the fund's NAV declined by 1.31% and the market price fell by 5.07%. Year-to-date performance is 7.87% for NAV and 11.57% for market price.

How much are the net assets of Liberty All-Star Growth Fund (ASG)?

The net assets at the end of May 2021 were $352.9 million, with total equities amounting to $355.2 million.

What is the investment strategy of Liberty All-Star Growth Fund (ASG)?

The fund combines strategies from three growth style investment managers focused on small-, mid-, and large-cap stocks.

What was the fund's percent invested at the end of May 2021?

The fund had a percent invested of 100.7% at the end of May 2021.

What sectors does Liberty All-Star Growth Fund (ASG) invest in?

The fund's equity portfolio includes sectors like Information Technology (27.5%), Health Care (23.6%), and Consumer Discretionary (14.5%).