BOSTON, April 15, 2020 /PRNewswire/ -- Below is the
March 2020 Monthly Update for the
Liberty All-Star Growth Fund, Inc. (NYSE:
ASG)
Liberty All-Star Growth Fund,
Inc.
Ticker: ASG
Monthly Update, March,
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
|
|
(31.8% of
equity portfolio)
|
|
|
1
|
Amazon.com,
Inc.
|
2.1%
|
|
2
|
Chegg,
Inc.
|
2.0%
|
|
3
|
Nevro
Corp.
|
2.0%
|
|
4
|
Microsoft
Corp.
|
1.9%
|
|
5
|
FirstService
Corp.
|
1.9%
|
|
6
|
EPAM Systems,
Inc.
|
1.7%
|
|
7
|
NIKE,
Inc.
|
1.6%
|
|
8
|
Casella Waste
Systems, Inc.
|
1.6%
|
|
9
|
Paylocity Holding
Corp.
|
1.6%
|
|
10
|
Alphabet,
Inc.
|
1.6%
|
|
11
|
Insulet
Corp.
|
1.6%
|
|
12
|
Facebook,
Inc.
|
1.5%
|
|
13
|
salesforce.com,
Inc.
|
1.4%
|
|
14
|
Visa,
Inc.
|
1.4%
|
|
15
|
UnitedHealth Group,
Inc.
|
1.4%
|
|
16
|
Autodesk,
Inc.
|
1.4%
|
|
17
|
PayPal Holdings,
Inc.
|
1.4%
|
|
18
|
Yum! Brands,
Inc.
|
1.3%
|
|
19
|
Illumina,
Inc.
|
1.2%
|
|
20
|
Everbridge,
Inc.
|
1.2%
|
|
|
|
|
Holdings are subject
to change.
|
|
Monthly
Performance:
|
|
|
|
|
Performance
|
NAV
|
Market
Price
|
Discount
|
|
Beginning of month
value
|
$5.87
|
$5.83
|
-0.7%
|
|
End of month
value
|
$5.03
|
$4.65
|
-7.6%
|
|
Performance for
month
|
-14.31%
|
-20.24%
|
|
|
Performance
year-to-date
|
-17.12%
|
-27.04%
|
|
|
Net Assets at
Month-End
($millions)
|
|
|
Total
|
$192.7
|
|
Equities
|
$187.2
|
|
Percent
Invested
|
97.2%
|
|
Sector Breakdown
(% of equity
portfolio)*
|
|
|
Information
Technology
|
33.1%
|
|
Health
Care
|
23.5%
|
|
Consumer
Discretionary
|
14.3%
|
|
Industrials
|
11.8%
|
|
Communication
Services
|
4.7%
|
|
Real
Estate
|
3.9%
|
|
Financials
|
3.7%
|
|
Materials
|
2.6%
|
|
Consumer
Staples
|
2.3%
|
|
Energy
|
0.1%
|
|
Total Market
Value
|
100.0%
|
|
|
|
*Based on Standard
& Poor's and MSCI Barra Global Industry Classification
Standard
(GICS).
|
New
Holdings
Adobe,
Inc.
Akamai Technologies, Inc.
Huntington Ingalls Industries, Inc.
Intuitive Surgical, Inc.
Match Group, Inc.
Holdings Liquidated
Automatic Data Processing,
Inc.
Five Below, Inc.
Mondelez International, Inc.
Novo Nordisk A/S
RBC Bearings, Inc.
WEX, 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. 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 March 31, 2020
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.