• Liberty All-Star® Growth Fund, Inc. September 2017 Update

    Source: Nasdaq GlobeNewswire / 16 Oct 2017 14:37:21   America/New_York

    BOSTON, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Below is the September 2017 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE:ASG)

         
    Liberty All-Star Growth FundMonthly Update
     Ticker: ASGSeptember, 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    
     (28.7% of equity portfolio)   
     (Rank from previous month)   
    J.B. Hunt Transport Services, Inc. (1)2.0%  
    IPG Photonics Corp. (2)1.9% 
    FirstService Corp. (3)1.7% 
    Wayfair, Inc., Class A (4)1.6% 
    Visa, Inc., Class A (6)1.5% 
    Signature Bank (5)1.4% 
    The Middleby Corp. (11)1.4% 
    Stamps.com, Inc. (19)1.4% 
    Salesforce.com, Inc. (7)1.4% 
    10 Alphabet, Inc., Class C (12)1.4% 
    11 Facebook, Inc., Class A (9)1.3% 
    12 FleetCor Technologies, Inc. (18)1.3% 
    13 XPO Logistics, Inc. (29)1.3% 
    14 Cerner Corp. (20)1.3% 
    15 Ebix, Inc. (31)1.3% 
    16 Paylocity Holding Corp. (15)1.3% 
    17 The Priceline Group, Inc. (14)1.3% 
    18 Portola Pharmaceuticals, Inc. (8)1.3% 
    19 Ecolab, Inc. (13)1.3% 
    20 Chegg, Inc. (21)1.3% 
     Holdings are subject to change.  
     


     
    Monthly Performance 
    PerformanceNAVMarket PriceDiscount
    Beginning of month value$5.34 $4.97 -6.9%
    Distributions     
    End of month value$5.48 $5.23 -4.6%
    Performance for month 2.62%  5.23%  
    Performance year-to-date 21.77%  33.45%  


    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$147.3            
    Equities$144.8   
    Percent Invested98.3%  
       
    Sector Breakdown (% of equity
    portfolio)*
       
    Information Technology 32.4% 
    Consumer Discretionary 19.1% 
    Health Care 16.3% 
    Industrials 14.0% 
    Financials 6.1% 
    Real Estate 3.6% 
    Consumer Staples 3.5% 
    Materials 3.1% 
    Energy 1.9% 
    Total Market Value 100.0%    
    *Based on Standard & Poor's and MSCI Barra
    Global Industry Classification Standard
    (GICS).
       
        
    New Holdings  Holdings Liquidated
    Allegion PLC Equifax, Inc.
    SS&C Technologies Holdings, Inc. Foot Locker, Inc.
    STERIS PLC Manhattan Associates, Inc.     
        
    The Liberty All-Star Funds
    1-800-241-1850

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