BOSTON, Aug. 15, 2017 (GLOBE NEWSWIRE) -- 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
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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 Growth
Congress 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% |
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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% |
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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
