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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) released its October 2021 Monthly Update, highlighting its all-cap growth investment strategy managed by three distinct investment firms. As of October 31, 2021, the fund reported total net assets of $494.6 million, with 98.4% of the portfolio invested in equities. The fund's top holdings include Paylocity Holding Corp and SPS Commerce, Inc. The month-end NAV rose to $9.16, reflecting a 6.88% performance for October and a year-to-date increase of 23.35%. The sector breakdown shows a significant allocation in Information Technology (31.2%) and Health Care (21.3%).

Positive

• NAV increased to $9.16, a 6.88% rise for October.
• YTD performance of 23.35% indicates strong growth.
• 98.4% of the portfolio is invested in equities, showing active management.
• Diverse sector allocation with significant investment in Information Technology (31.2%) and Health Care (21.3%).

Negative

• None.

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

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, October, 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
(32.2% of equity portfolio)
1          Paylocity Holding Corp.	2.1%
2          SPS Commerce, Inc.	2.0%
3          FirstService Corp.	2.0%
4          Amazon.com, Inc.	1.8%
5          Progyny, Inc.	1.8%
6          UnitedHealth Group, Inc.	1.8%
7          Natera, Inc.	1.8%
8          SiteOne Landscape Supply, Inc.	1.7%
9          Signature Bank	1.7%
10        Casella Waste Systems, Inc.	1.7%
11        Microsoft Corp.	1.6%
12        Montrose Environmental Group, Inc.	1.5%
13        Chegg, Inc.	1.4%
14        Workday, Inc.	1.4%
15        Visa, Inc.	1.4%
16        salesforce.com, Inc.	1.4%
17        Meta Platforms, Inc.	1.3%
18        Intuit, Inc.	1.3%
19        Autodesk, Inc.	1.3%
20        Alphabet, Inc.	1.2%

Holdings are subject to change.

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$8.57	$8.63	0.7%
End of month value	$9.16	$9.41	2.7%
Performance for month	6.88%	9.04%
Performance year-to-date	23.35%	23.32%

 

Net Assets at Month-End ($millions)
Total	$494.6
Equities	$486.8
Percent Invested	98.4%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	31.2%
Health Care	21.3%
Consumer Discretionary	13.0%
Industrials	12.4%
Financials	8.9%
Communication Services	5.1%
Real Estate	3.8%
Materials	2.1%
Consumer Staples	1.4%
Energy	0.8%
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 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 October 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 was the NAV of Liberty All-Star Growth Fund (ASG) at the end of October 2021?

The NAV of Liberty All-Star Growth Fund (ASG) at the end of October 2021 was $9.16.

How did Liberty All-Star Growth Fund (ASG) perform in October 2021?

Liberty All-Star Growth Fund (ASG) achieved a performance of 6.88% in October 2021.

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

The top holdings include Paylocity Holding Corp, SPS Commerce, Inc., and FirstService Corp.

What is the total net asset value of Liberty All-Star Growth Fund (ASG)?

The total net asset value of Liberty All-Star Growth Fund (ASG) is $494.6 million.

Which sector does Liberty All-Star Growth Fund (ASG) invest the most in?

Liberty All-Star Growth Fund (ASG) invests the most in the Information Technology sector, with 31.2% of its equity portfolio.