Liberty All-Star® Growth Fund, Inc. November 2017 Update
Source: Nasdaq GlobeNewswire / 18 Dec 2017 08:12:49 America/New_York
BOSTON, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Below is the November 2017 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE:ASG)
Liberty All-Star Growth Fund Monthly Update Ticker: ASG November, 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 (29.7% of equity portfolio) (Rank from previous month) 1 Wayfair, Inc., Class A (2) 2.0 % 2 J.B. Hunt Transport Services, Inc. (3) 1.9 % 3 IPG Photonics Corp. (1) 1.7 % 4 FirstService Corp. (4) 1.7 % 5 Insulet Corp. (11) 1.7 % 6 Visa, Inc., Class A (6) 1.5 % 7 XPO Logistics, Inc. (12) 1.5 % 8 Ebix, Inc. (13) 1.5 % 9 Salesforce.com, Inc. (7) 1.5 % 10 NIKE, Inc., Class B (15) 1.4 % 11 The Middleby Corp. (17) 1.4 % 12 Chegg, Inc. (16) 1.4 % 13 FleetCor Technologies, Inc. (8) 1.4 % 14 Facebook, Inc., Class A (10) 1.4 % 15 Stamps.com, Inc. (5) 1.3 % 16 Ecolab, Inc. (18) 1.3 % 17 UnitedHealth Group, Inc. (22) 1.3 % 18 Cerner Corp. (20) 1.3 % 19 Red Hat, Inc. (21) 1.3 % 20 Mondelez International, Inc., Class A (24) 1.2 % Holdings are subject to change. Monthly Performance Performance NAV Market Price Premium\Discount Beginning of month value $ 5.59 $ 5.60 0.2 % Distributions (Ex-Date November 16) $ 0.11 $ 0.11 End of month value $ 5.60 $ 5.42 -3.2 % Performance for month 2.21 % -1.25 % Performance year-to-date 26.96 % 41.11 % 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 $ 150.7 Equities $ 149.3 Percent Invested 99.0 % Sector Breakdown (% of equity portfolio)* Information Technology 31.1 % Consumer Discretionary 21.2 % Health Care 16.6 % Industrials 14.4 % Financials 5.4 % Real Estate 3.6 % Materials 3.3 % Consumer Staples 2.7 % 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 Yum! Brands, Inc. None
Liberty All-Star® Growth Fund, Inc.