Liberty All-Star® Growth Fund, Inc. October 2020 Monthly Update

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) reported its October 2020 monthly update, noting a net asset value (NAV) of $6.95 at month-end. The fund's market price was $7.20, indicating a premium of 3.6%. Performance for the month showed a slight decline of -0.14%, while year-to-date returns increased to 19.92%. The fund is primarily invested in equities, with total net assets of $291 million. Key sectors include Information Technology (30.3%) and Health Care (26.1%). New holdings included Eargo, Inc. and Entegris, Inc., while Varian Medical Systems, Inc. was liquidated.

Positive

• Year-to-date performance at 19.92%.
• Market price at $7.20, indicating a premium of 3.6%.
• New holdings include Eargo, Inc. and Entegris, Inc.
• Total net assets at $291 million.

Negative

• Monthly performance declined -0.14%.
• NAV decreased slightly from $6.96 to $6.95.

BOSTON, Nov. 12, 2020 /PRNewswire/ -- Below is the October 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)                       

Liberty All-Star Growth Fund, Inc.         
Ticker: ASG
Monthly Update, October, 2020       

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
(31.3% of equity portfolio)
1	FirstService Corp.	2.1%
2	Paylocity Holding Corp.	2.1%
3	Nevro Corp.	2.1%
4	Chegg, Inc.	2.0%
5	Microsoft Corp.	1.7%
6	Visa, Inc.	1.6%
7	Alphabet, Inc.	1.6%
8	Facebook, Inc.	1.6%
9	Amazon.com, Inc.	1.6%
10	Insulet Corp.	1.5%
11	Generac Holdings, Inc	1.4%
12	Progyny, Inc.	1.4%
13	Casella Waste Systems, Inc.	1.4%
14	ACADIA Pharmaceuticals, Inc.	1.4%
15	Workday, Inc.	1.4%
16	Ollie's Bargain Outlet Holdings, Inc.	1.3%
17	Abbott Laboratories	1.3%
18	Monolithic Power Systems, Inc.	1.3%
19	FleetCor Technologies, Inc.	1.3%
20	UnitedHealth Group, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$6.96	$7.11	2.2%
End of month value	$6.95	$7.20	3.6%
Performance for month	-0.14%	-1.27%
Performance year-to-date	19.92%	18.31%

 

Net Assets at Month-End ($millions)
Total	$291.0
Equities	$285.1
Percent Invested	98.0%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	30.3%
Health Care	26.1%
Consumer Discretionary	12.5%
Industrials	12.4%
Financials	4.8%
Communication Services	4.6%
Real Estate	3.9%
Materials	3.0%
Consumer Staples	2.1%
Energy	0.3%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings

Eargo, Inc.

Entegris, Inc.

 

Holdings Liquidated

Varian Medical Systems, 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 and all primary rights in the Fund's rights offering were exercised. 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 2020 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 October 31, 2020 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:http://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-october-2020-monthly-update-301172260.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the current NAV of Liberty All-Star Growth Fund (ASG)?

As of October 31, 2020, the NAV is $6.95.

What was the performance of ASG in October 2020?

The fund's performance for October 2020 was -0.14%.

What are the year-to-date returns for ASG?

The year-to-date returns for ASG are 19.92%.

What are the top sector allocations for ASG?

The top sectors are Information Technology (30.3%) and Health Care (26.1%).

What new holdings were added to ASG in October 2020?

New holdings include Eargo, Inc. and Entegris, Inc.

Which holdings were liquidated by Liberty All-Star Growth Fund (ASG)?

Varian Medical Systems, Inc. was liquidated.