Liberty All-Star® Growth Fund, Inc. October 2017 Update
17 November 2017 - 7:55AM
Below is the October 2017 Monthly Update for the Liberty All-Star®
Growth Fund, Inc. (NYSE:ASG)
|
|
Liberty
All-Star Growth Fund |
Monthly
Update |
|
Ticker: ASG |
October, 2017 |
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 |
|
|
|
(29.1% of equity
portfolio) |
|
|
|
|
|
1 |
|
IPG
Photonics Corp. (2) |
1.9 |
% |
2 |
|
Wayfair,
Inc., Class A (4) |
1.9 |
% |
3 |
|
J.B. Hunt
Transport Services, Inc. (1) |
1.8 |
% |
4 |
|
FirstService Corp. (3) |
1.8 |
% |
5 |
|
Stamps.com, Inc. (8) |
1.6 |
% |
6 |
|
Visa,
Inc., Class A (5) |
1.5 |
% |
7 |
|
Salesforce.com, Inc. (9) |
1.5 |
% |
8 |
|
FleetCor
Technologies, Inc. (12) |
1.4 |
% |
9 |
|
Paylocity
Holding Corp. (16) |
1.4 |
% |
10 |
|
Facebook,
Inc., Class A (11) |
1.4 |
% |
11 |
|
Insulet
Corp. (21) |
1.4 |
% |
12 |
|
XPO
Logistics, Inc. (13) |
1.3 |
% |
13 |
|
Ebix,
Inc. (15) |
1.3 |
% |
14 |
|
The
Priceline Group, Inc. (17) |
1.3 |
% |
15 |
|
NIKE,
Inc., Class B (22) |
1.3 |
% |
16 |
|
Chegg,
Inc. (20) |
1.3 |
% |
17 |
|
The
Middleby Corp. (7) |
1.3 |
% |
18 |
|
Ecolab,
Inc. (19) |
1.3 |
% |
19 |
|
The Trade
Desk, Inc., Class A (26) |
1.2 |
% |
20 |
|
Cerner
Corp. (14) |
1.2 |
% |
|
|
Holdings are subject to
change. |
|
|
|
Monthly
Performance |
|
Performance |
NAV |
Market Price |
Premium/(Discount) |
Beginning of month value |
$5.48 |
$5.23 |
-4.6% |
Distributions |
– |
– |
|
End of month value |
$5.59 |
$5.60 |
0.2% |
Performance for month |
2.01% |
7.07% |
|
Performance year-to-date |
24.21% |
42.89% |
|
|
|
The net
asset value (NAV) of a closed-end fund is the market value of the
underlying investments (i.e., stocks and bonds) in the Fund’s
portfolio, minus liabilities, divided by the total number of Fund
shares outstanding. However, the Fund also has a market
price; the value at which it trades on an exchange. If the market
price is above the NAV the Fund is trading at a premium. If
the market price is below the NAV the Fund is trading at a
discount. Performance returns for the Fund are total returns, which
includes dividends, and are net of management fees and other Fund
expenses. Returns are calculated assuming that a shareholder
reinvested all distributions. Past performance cannot predict
future investment results. Performance will fluctuate with changes
in market conditions. Current performance may be lower or higher
than the performance data shown. Performance information shown does
not reflect the deduction of taxes that shareholders would pay on
Fund distributions or the sale of Fund shares. Shareholders must be
willing to tolerate significant fluctuations in the value of their
investment. An investment in the Fund involves risk, including loss
of principal. Sources of distributions to shareholders may include
ordinary dividends, long-term capital gains and return of capital.
The actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Fund’s investment experience during
its fiscal year and may be subject to changes based on tax
regulations. If a distribution includes anything other than net
investment income, the fund provides a Section 19(a) notice of the
best estimate of its distribution sources at that time. These
estimates may not match the final tax characterization (for the
full year’s distributions) contained in shareholders’ 1099-DIV
forms after the end of the year. |
|
|
Net Assets at Month-End ($millions) |
|
Total |
$150.3 |
|
Equities |
$147.9 |
|
Percent Invested |
98.4% |
|
|
|
Sector
Breakdown (% of equity portfolio)* |
|
|
Information Technology |
|
32.3% |
|
Consumer Discretionary |
|
20.1% |
|
Health Care |
|
16.6% |
|
Industrials |
|
13.7% |
|
Financials |
|
6.1% |
|
Real Estate |
|
3.8% |
|
Materials |
|
3.1% |
|
Consumer Staples |
|
2.6% |
|
Energy |
|
1.7% |
|
Total
Market Value |
|
100.0% |
|
*Based on Standard
& Poor's and MSCI Barra Global Industry Classification Standard
(GICS). |
|
|
|
|
|
|
New
Holdings |
|
|
Holdings
Liquidated |
First Republic
Bank |
|
|
F5 Networks, Inc. |
LCI Industries |
|
|
|
Redfin Corp. |
|
|
|
|
|
|
|
All data
is as of October 31, 2017 unless otherwise noted. The Liberty
All-Star Growth Fund, Inc. 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. |
|
Liberty All-Star® Growth Fund,
Inc.1-800-241-1850 www.all-starfunds.com
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