Liberty All-Star® Growth Fund, Inc. December 2017 Update
January 17 2018 - 1:09PM
Below is the December 2017 Monthly Update for the Liberty
All-Star® Growth Fund, Inc. (NYSE:ASG)
Liberty
All-Star Growth Fund |
Monthly Update |
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Ticker:
ASG |
December, 2017 |
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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 |
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Small-Cap
Growth |
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Congress
Asset Management Company, LLP |
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Mid-Cap
Growth |
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Sustainable
Growth Advisers, LP |
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Large-Cap
Growth |
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Top 20 Holdings at Month-End |
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(28.7% of
equity portfolio) |
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(Rank from previous month) |
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1 |
J.B. Hunt Transport Services, Inc. (2) |
1.9 |
% |
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2 |
Wayfair, Inc., Class A (1) |
1.9 |
% |
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3 |
XPO Logistics, Inc. (7) |
1.8 |
% |
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4 |
FirstService Corp. (4) |
1.7 |
% |
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5 |
Insulet Corp. (5) |
1.6 |
% |
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6 |
Ebix, Inc. (8) |
1.5 |
% |
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7 |
Stamps.com, Inc. (15) |
1.5 |
% |
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8 |
Chegg, Inc. (12) |
1.5 |
% |
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9 |
The Middleby Corp. (11) |
1.4 |
% |
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10 |
FleetCor Technologies, Inc. (13) |
1.4 |
% |
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11 |
Visa, Inc., Class A (6) |
1.3 |
% |
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12 |
Facebook, Inc., Class A (14) |
1.3 |
% |
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13 |
Salesforce.com, Inc. (9) |
1.3 |
% |
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14 |
NIKE, Inc., Class B (10) |
1.3 |
% |
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15 |
Ecolab, Inc. (16) |
1.3 |
% |
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16 |
Paylocity Holding Corp. (22) |
1.2 |
% |
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17 |
Novo Nordisk AS (21) |
1.2 |
% |
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18 |
UnitedHealth Group, Inc. (17) |
1.2 |
% |
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19 |
Alphabet, Inc., Class C (23) |
1.2 |
% |
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20 |
GTT Communications, Inc. (31) |
1.2 |
% |
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Holdings
are subject to change. |
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Monthly Performance |
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Performance |
NAV |
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Market Price |
Discount |
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Beginning of month value |
$5.60 |
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$5.42 |
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-3.2 |
% |
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Distributions |
– |
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– |
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End of month value |
$5.67 |
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$5.54 |
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-2.3 |
% |
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Performance for month |
1.25 |
% |
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2.21 |
% |
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Performance year-to-date |
28.58 |
% |
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44.26 |
% |
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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. |
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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. |
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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. |
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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. The Liberty All-Star Growth Fund is a closed-end
fund and does not continuously offer shares. The Fund trades in the
secondary market, investors wishing to buy or sell shares need to
place orders through an intermediary or broker by using the Fund’s
ticker symbol: ASG. Secondary market support provided to the Fund
by ALPS Fund Services, Inc.’s affiliate ALPS Portfolio Solutions
Distributor, Inc., a FINRA member. All data is as of December
31, 2017 unless otherwise noted. |
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Net Assets at Month-End ($millions) |
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Total |
$153.7 |
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Equities |
$150.2 |
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Percent Invested |
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97.7 |
% |
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Sector Breakdown (% of equity portfolio)* |
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Information Technology |
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29.5 |
% |
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Consumer Discretionary |
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22.8 |
% |
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Health Care |
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16.2 |
% |
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Industrials |
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15.0 |
% |
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Financials |
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5.4 |
% |
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Real Estate |
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3.6 |
% |
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Materials |
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3.2 |
% |
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Consumer Staples |
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2.5 |
% |
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Energy |
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1.8 |
% |
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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 |
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Burlington
Stores, Inc. |
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Acuity
Brands, Inc. |
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Copart,
Inc. |
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Dorman
Products, Inc. |
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Solaris
Oilfield Infrastructure, Inc., Class A |
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The Walt
Disney Co. |
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Liberty All-Star® Growth Fund, Inc.1-800-241-1850
www.all-starfunds.com
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