Liberty All-Star® Growth Fund, Inc. July 2017 Update
August 15 2017 - 3:33PM
Below is the July 2017 Monthly Update for the Liberty All-Star®
Growth Fund, Inc. (NYSE:ASG)
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Liberty
All-Star Growth Fund |
Monthly Update |
Ticker:
ASG |
July,
2017 |
Investment Approach |
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Fund Style:All- Cap Growth |
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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. |
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Investment Managers: |
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Weatherbie Capital, LLC Small-Cap GrowthCongress Asset
Management Company, LLP Mid-Cap Growth Sustainable Growth Advisers,
LP Large-Cap Growth |
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Top 20 Holdings at Month-End |
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(30.2% of equity
portfolio) |
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(Rank from previous month) |
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1 |
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IPG
Photonics Corp. (1) |
2.2% |
2 |
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The
Middleby Corp. (2) |
2.1% |
3 |
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J.B. Hunt
Transport Services, Inc. (3) |
1.8% |
4 |
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Stamps.com, Inc. (4) |
1.7% |
5 |
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FirstService Corp. (5) |
1.6% |
6 |
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Signature
Bank (6) |
1.6% |
7 |
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NIKE,
Inc., Class B (7) |
1.5% |
8 |
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Facebook,
Inc., Class A (13) |
1.5% |
9 |
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Core
Laboratories NV (8) |
1.5% |
10 |
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Wayfair,
Inc. (9) |
1.4% |
11 |
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Amazon.com, Inc. (11) |
1.4% |
12 |
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Visa,
Inc., Class A (14) |
1.4% |
13 |
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MACOM
Technology Solutions Holdings, Inc. (20) |
1.4% |
14 |
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Salesforce.com, Inc. (17) |
1.3% |
15 |
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FleetCor
Technologies, Inc. (19) |
1.3% |
16 |
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Portola
Pharmaceuticals, Inc. (16) |
1.3% |
17 |
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Alphabet,
Inc., Class C (15) |
1.3% |
18 |
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Ecolab,
Inc. (12) |
1.3% |
19 |
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Mondelez
International, Inc., Class A (18) |
1.3% |
20 |
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The
Priceline Group, Inc. (22) |
1.3% |
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Holdings
are subject to change. |
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Monthly Performance |
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Performance |
NAV |
Market Price |
Discount |
Beginning of month value |
$5.38 |
$4.92 |
-8.6% |
Distributions (Ex-Date July 26) |
$0.11 |
$0.11 |
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End of month value |
$5.39 |
$4.99 |
-7.4% |
Performance for month |
2.39% |
3.66% |
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Performance year-to-date |
19.76% |
27.32% |
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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. Sources of distributions to shareholders may include
ordinary dividends, long-term capital gains and return of capital.
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. If a distribution includes anything other than net
investment income, the Fund provides a Section 19(a) notice of the
best estimate of its distribution sources at that time. These
estimates may not match the final tax characterization (for the
full year’s distributions) contained in shareholders’ 1099-DIV
forms after the end of the year. |
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Net Assets at Month-End ($millions) |
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Total |
$144.0 |
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Equities |
$143.9 |
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Percent Invested |
100.0% |
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Sector Breakdown (% of equity portfolio)* |
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Information Technology |
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32.9% |
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Consumer Discretionary |
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19.7% |
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Health Care |
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15.9% |
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Industrials |
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14.2% |
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Financials |
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6.4% |
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Real Estate |
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3.5% |
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Materials |
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3.0% |
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Energy |
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2.4% |
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Consumer Staples |
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2.0% |
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Total Market Value |
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100.0% |
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*Based
on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS). |
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New Holdings |
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Holdings Liquidated |
Ulta Beauty, Inc. |
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The
Advisory Board Co. |
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Whole Foods
Market, Inc. |
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The Liberty All-Star Funds
1-800-241-1850
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