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

Rhea-AI Summary

The Liberty All-Star Growth Fund (NYSE: ASG) released its September 2021 Monthly Update. The fund employs an all-cap growth strategy through three distinct investment managers. Top holdings include SPS Commerce (2.2%) and Paylocity (2.1%). The fund's net assets total $462.5 million, with 97.3% invested in equities. During September, the NAV dropped to $8.57, reflecting a -4.14% performance while market price was $8.63, leading to a premium of 0.7%. Year-to-date performance stands at 15.41% for NAV and 13.10% for market price.

Positive

• Total net assets reached $462.5 million, indicating strong investor confidence.
• Year-to-date NAV performance of 15.41%, outperforming the market price growth of 13.10%.
• Investment diversified among three managers focusing on small-, mid-, and large-cap stocks.

Negative

• NAV declined by -4.14% in September, signaling potential challenges.
• Market price fell to $8.63 from $8.77, reflecting a premium shrinkage.

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

Liberty All-Star Growth Fund, Inc.  
Ticker: ASG
Monthly Update, September, 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	SPS Commerce, Inc.	2.2%
2	Paylocity Holding Corp.	2.1%
3	Amazon.com, Inc.	1.9%
4	FirstService Corp.	1.9%
5	Natera, Inc.	1.9%
6	Progyny, Inc.	1.8%
7	Signature Bank	1.7%
8	UnitedHealth Group, Inc.	1.6%
9	Visa, Inc.	1.6%
10	SiteOne Landscape Supply, Inc.	1.6%
11	Casella Waste Systems, Inc.	1.6%
12	Microsoft Corp.	1.5%
13	salesforce.com, Inc.	1.5%
14	Montrose Environmental Group, Inc.	1.5%
15	Chegg, Inc.	1.5%
16	PayPal Holdings, Inc.	1.3%
17	Workday, Inc.	1.3%
18	Facebook, Inc.	1.3%
19	Autodesk, Inc.	1.2%
20	Intuit, Inc.	1.2%
Holdings are subject to change.

 

Monthly Performance
Performance	NAV	Market Price	Premium/(Discount)
Beginning of month value	$8.94	$8.77	-1.9%
End of month value	$8.57	$8.63	0.7%
Performance for month	-4.14%	-1.60%
Performance year-to-date	15.41%	13.10%

 

Net Assets at Month-End ($millions)
Total	$462.5
Equities	$450.1
Percent Invested	97.3%

 

Sector Breakdown (% of equity portfolio)*
Information Technology	31.7%
Health Care	21.6%
Consumer Discretionary	13.2%
Industrials	11.7%
Financials	8.4%
Communication Services	5.1%
Real Estate	3.7%
Materials	2.1%
Consumer Staples	1.5%
Energy	1.0%
Total Market Value	100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings
Netflix, Inc.
Seacoast Banking Corp. of Florida

Holdings Liquidated
Fortinet, Inc.
Union Pacific Corp.
Upstart Holdings, 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 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 September 30, 2021 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:https://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-september-2021-monthly-update-301400912.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the performance of Liberty All-Star Growth Fund in September 2021?

The Fund had a NAV decline of -4.14% and a market price decrease to $8.63.

What are the top holdings of ASG as of September 2021?

Top holdings include SPS Commerce (2.2%), Paylocity (2.1%), and Amazon (1.9%).

What are the net assets of ASG as of September 2021?

The net assets total $462.5 million, with 97.3% invested in equities.

How did the year-to-date performance of ASG compare to the market price?

Year-to-date performance was 15.41% for NAV and 13.10% for market price.

What is the investment strategy of ASG?

ASG employs an all-cap growth strategy managed by three distinct investment managers.