Liberty All-Star® Growth Fund, Inc. August 2019 Monthly Update

Saturday, 14. September 2019 02:48

BOSTON, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Below is the August 2019 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, August, 2019

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
 (30.8% of equity portfolio) 
1FirstService Corp.2.1%
2Insulet Corp.2.0%
3Chegg, Inc.1.9%
4Nevro Corp.1.8%
5Paylocity Holding Corp.1.8%
6Microsoft Corp. 1.6%
7Yum! Brands, Inc.1.5%
8Alphabet, Inc.1.5%, Inc.1.4%
10Casella Waste Systems, Inc.1.4%
11Abbott Laboratories1.4%
12Planet Fitness, Inc.1.4%
13Visa, Inc.1.4%
14PayPal Holdings, Inc.1.4%
15HEICO Corp.1.4%
16Autodesk, Inc.1.4%
17UnitedHealth Group, Inc.1.4%
18Equinix, Inc.1.4%, Inc.1.3%
20FleetCor Technologies, Inc.1.3%
Holdings are subject to change. 

Monthly Performance:      
PerformanceNAVMarket PriceDiscount
Beginning of month value$6.05 $5.92 -2.1%
End of month value$5.96 $5.91 -0.8%
Performance for month -1.49% -0.17% 
Performance year-to-date 28.22% 43.08% 

Net Assets at Month-End ($millions) 
Percent Invested 98.9%

Sector Breakdown (% of equity portfolio)* 
Information Technology30.6%
Health Care19.8%
Consumer Discretionary16.4%
Consumer Staples4.3%
Real Estate4.3%
Communication Services4.2%
Total Market Value100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).  

New Holdings                       

Booz Allen Hamilton Holding Corp.
IHS Markit, Ltd.
Sun Communities, Inc.
Teledyne Technologies, Inc.

Holdings Liquidated
Hyatt Hotels Corp.
Old Dominion Freight Line, Inc.
PVH Corp.

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. 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 August 31, 2019 unless otherwise noted.                                        
Liberty All-Star® Growth Fund, Inc.

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