BOSTON, June 15, 2020 /PRNewswire/ -- Below is the
May 2020 Monthly Update for the
Liberty All-Star Growth Fund, Inc. (NYSE:
ASG)
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, May, 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
|
|
(31.9% of equity portfolio)
|
|
1
|
Paylocity Holding
Corp.
|
2.0%
|
|
2
|
FirstService
Corp.
|
1.9%
|
|
3
|
Nevro
Corp.
|
1.9%
|
|
4
|
Chegg,
Inc.
|
1.9%
|
|
5
|
PayPal Holdings,
Inc.
|
1.8%
|
|
6
|
Amazon.com,
Inc.
|
1.8%
|
|
7
|
EPAM Systems,
Inc.
|
1.7%
|
|
8
|
Alphabet,
Inc.
|
1.7%
|
|
9
|
Visa,
Inc.
|
1.7%
|
|
10
|
Microsoft
Corp.
|
1.6%
|
|
11
|
Autodesk,
Inc.
|
1.6%
|
|
12
|
Facebook,
Inc.
|
1.5%
|
|
13
|
Casella Waste
Systems, Inc.
|
1.5%
|
|
14
|
UnitedHealth Group,
Inc.
|
1.4%
|
|
15
|
salesforce.com,
Inc.
|
1.4%
|
|
16
|
FleetCor
Technologies, Inc.
|
1.3%
|
|
17
|
NIKE,
Inc.
|
1.3%
|
|
18
|
Ollie's Bargain
Outlet Holdings, Inc.
|
1.3%
|
|
19
|
Everbridge,
Inc.
|
1.3%
|
|
20
|
Progyny,
Inc.
|
1.3%
|
|
Holdings are subject
to change.
|
|
Monthly
Performance
|
|
|
|
|
Performance
|
NAV
|
Market
Price
|
Discount
|
|
Beginning of month
value
|
$5.68
|
$5.45
|
-4.0%
|
|
End of month
value
|
$6.29
|
$5.96
|
-5.2%
|
|
Performance for
month
|
10.74%
|
9.36%
|
|
|
Performance
year-to-date
|
6.59%
|
-3.82%
|
|
|
Net Assets at
Month-End ($millions)
|
|
Total
|
$260.6
|
|
Equities
|
$258.5
|
|
Percent
Invested
|
99.2%
|
|
Sector Breakdown
(% of equity
portfolio)*
|
|
Information
Technology
|
34.0%
|
|
Health
Care
|
22.6%
|
|
Consumer
Discretionary
|
14.3%
|
|
Industrials
|
12.0%
|
|
Communication
Services
|
4.7%
|
|
Financials
|
3.8%
|
|
Real
Estate
|
3.6%
|
|
Materials
|
2.9%
|
|
Consumer
Staples
|
2.1%
|
|
Total Market
Value
|
100.0%
|
|
*Based on Standard
& Poor's and MSCI Barra Global Industry Classification Standard
(GICS).
|
New Holdings
Ball Corp.
Mimecast, Ltd.
Holdings Liquidated
Middleby 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 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.
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 2020 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 May 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.