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

Rhea-AI Summary

The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its November 2021 Monthly Update, highlighting a negative performance of -6.12% for the month, with a year-to-date return of 15.80%. As of November 30, 2021, the fund's net assets totaled $437.3 million, with 104.4% of investments allocated in equities. The top holdings included SPS Commerce, Amazon, and FirstService, among others. Notably, the fund introduced new holdings such as CI&T, Inc. and Match Group, Inc. while liquidating positions in Eargo, Inc. and NIKE, Inc.

Positive

• Year-to-date performance of 15.80% indicates strong growth.
• Diversification across small-, mid-, and large-cap growth via three investment managers.

Negative

• Monthly performance decline of -6.12% may raise concerns.
• End of month NAV decreased to $8.10 from $9.16, indicating a significant drop.

BOSTON, Dec. 16, 2021 /PRNewswire/ -- Below is the November 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, November, 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
	(32.1% of equity portfolio)
1	SPS Commerce, Inc.	2.1%
2	Amazon.com, Inc.	2.1%
3	FirstService Corp.	1.9%
4	SiteOne Landscape Supply, Inc.	1.9%
5	UnitedHealth Group, Inc.	1.8%
6	Casella Waste Systems, Inc.	1.8%
7	Montrose Environmental Group, Inc.	1.7%
8	Microsoft Corp.	1.7%
9	Paylocity Holding Corp.	1.7%
10	Progyny, Inc.	1.6%
11	Visa, Inc.	1.5%
12	Natera, Inc.	1.5%
13	Hamilton Lane, Inc.	1.5%
14	Ball Corp.	1.4%
15	salesforce.com, Inc.	1.4%
16	Meta Platforms, Inc.	1.3%
17	Danaher Corp.	1.3%
18	Workday, Inc.	1.3%
19	StepStone Group, Inc.	1.3%
20	Alphabet, Inc.	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$9.16	$9.41	2.7%
Distributions (Ex-Date November 18th)*	$0.52	$0.52
End of month value	$8.10	$8.88	9.6%
Performance for month	-6.12%	0.18%
Performance year-to-date	15.80%	23.54%
*Includes $0.34 required for federal excise tax purposes.

 

Net Assets at Month-End ($millions)
Total	$437.3
Equities	$456.5
Percent Invested	104.4%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	31.0%
Health Care	20.3%
Industrials	13.6%
Consumer Discretionary	12.6%
Financials	7.6%
Communication Services	5.9%
Real Estate	3.8%
Materials	2.8%
Consumer Staples	1.6%
Energy	0.8%
Total Market Value	100.0%

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

New Holdings
CI&T, Inc.
Grid Dynamics Holdings, Inc.
Match Group, Inc.
Transcat, Inc.

Holdings Liquidated
Eargo, Inc.
NIKE, Inc.
Puma Biotechnology, Inc.
Signature Bank

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 exercised all primary rights in the Fund's rights offering. 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 November 30, 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 monthly performance of ASG for November 2021?

The Liberty All-Star Growth Fund reported a performance decline of -6.12% for November 2021.

What are the top holdings of ASG as of November 30, 2021?

The top holdings included SPS Commerce, Amazon, and FirstService Corp.

What is the year-to-date performance of ASG for 2021?

The year-to-date performance of Liberty All-Star Growth Fund is 15.80%.

How much are the net assets of ASG at the end of November 2021?

The net assets of Liberty All-Star Growth Fund totaled $437.3 million as of November 30, 2021.

What new holdings were added to ASG in November 2021?

New holdings included CI&T, Inc., Grid Dynamics Holdings, Inc., and Match Group, Inc.