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

Rhea-AI Summary

Liberty All-Star Growth Fund (NYSE: ASG) released its September 2020 update, showcasing an investment strategy that combines small-, mid-, and large-cap growth styles managed by three distinct firms. As of September 30, 2020, the total net assets stood at $291.6 million, with equities accounting for $286.7 million. The fund's NAV decreased by 2.25% this month, while the market price saw a decline of 7.06%. Top holdings include FirstService Corp (2.1%) and Chegg, Inc (2.0%). The fund showed a year-to-date performance of 20.09%, reflecting positive market conditions despite recent monthly losses.

Positive

• Year-to-date performance of 20.09%.
• Total net assets increased to $291.6 million.
• Equities constitute 98.3% of total investments.

Negative

• NAV dropped by 2.25% in September.
• Market price decreased by 7.06%.

BOSTON, Oct. 15, 2020 /PRNewswire/ -- Below is the September 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.                                   
Ticker: ASG
Monthly Update, September, 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
	(31.5% of equity portfolio)
1	FirstService Corp.	2.1%
2	Chegg, Inc.	2.0%
3	Paylocity Holding Corp.	1.9%
4	Nevro Corp.	1.9%
5	Microsoft Corp.	1.7%
6	Visa, Inc.	1.7%
7	Progyny, Inc.	1.6%
8	Amazon.com, Inc.	1.6%
9	Insulet Corp.	1.6%
10	Facebook, Inc.	1.6%
11	NIKE, Inc.	1.5%
12	Casella Waste Systems, Inc.	1.5%
13	Alphabet, Inc	1.4%
14	Workday, Inc.	1.4%
15	Abbott Laboratories	1.4%
16	FleetCor Technologies, Inc	1.4%
17	Generac Holdings, Inc	1.3%
18	Ollie's Bargain Outlet Holdings, Inc.	1.3%
19	UnitedHealthGroup, Inc.	1.3%
20	PayPal Holdings, Inc.	1.3%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium
Beginning of month value	$7.12	$7.65	7.4%
End of month value	$6.96	$7.11	2.2%
Performance for month	-2.25%	-7.06%
Performance year-to-date	20.09%	16.83%

 

Net Assets at Month-End ($millions)
Total	$291.6
Equities	$286.7
Percent Invested	98.3%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	29.5%
Health Care	27.1%
Consumer Discretionary	12.8%
Industrials	12.4%
Communication Services	4.5%
Financials	4.2%
Real Estate	3.9%
Materials	3.1%
Consumer Staples	2.2%
Energy	0.3%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

 

New Holdings
StepStone Group, Inc.

Holdings Liquidated
Adobe, Inc.
EPAM 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.

All data is as of September 30, 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-september-2020-monthly-update-301153517.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the NAV of Liberty All-Star Growth Fund as of September 2020?

The NAV of Liberty All-Star Growth Fund is $6.96 as of September 30, 2020.

How did Liberty All-Star Growth Fund perform in September 2020?

In September 2020, the fund's NAV declined by 2.25%, and the market price dropped by 7.06%.

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

Top holdings include FirstService Corp (2.1%) and Chegg, Inc (2.0%).

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

The total net asset value is $291.6 million.

What investment strategy does Liberty All-Star Growth Fund employ?

The fund employs an all-cap growth investment strategy, utilizing three distinct growth style investment managers.