SOURCE: ALPS Advisors, Inc.

ALPS Advisors, Inc.

May 16, 2014 10:04 ET

Liberty All-Star® Growth Fund, Inc. April 2014 Monthly Update

BOSTON, MA--(Marketwired - May 16, 2014) - Below is the April 2014 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund Monthly Update
  Ticker: ASG April, 2014
   
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 | Matthew A. Weatherbie, CFA  
  TCW Investment Management Company 
  Mid-Cap Growth | Chang Lee and Mike Olson, CFA
  Large-Cap Growth | Craig C. Blum, CFA 
 
   
Top 20 Holdings at Month-End  
    (30.6% of equity portfolio)  
    (Rank from previous month)  
1   Dril-Quip, Inc. (2) 2.1%
2   Cerner Corp. (1) 2.0%
3   Google, Inc. (4) 1.8%
4   Signature Bank (3) 1.7%
5   Splunk, Inc. (5) 1.6%
6   Salesforce.com, Inc. (7) 1.6%
7   athenahealth, Inc. (6) 1.6%
8   Schlumberger Ltd. (12) 1.6%
9   American Tower Corp. (11) 1.5%
10   Amazon.com, Inc. (9) 1.5%
11   ARM Holdings PLC (8) 1.5%
12   Precision Castparts Corp. (16) 1.4%
13   Waste Connections, Inc. (15) 1.4%
14   LinkedIn Corp., Class A (10) 1.4%
15   Visa, Inc., Class A (14) 1.4%
16   ACE Ltd. (21) 1.3%
17   Starbucks Corp. (17) 1.3%
18   IHS, Inc., Class A (20) 1.3%
19   Middleby Corp. (30) 1.3%
20   Illumina, Inc. (42) 1.3%
    Holdings are subject to change.  
       
     
Monthly Performance    
Performance   NAV   Market Price   Discount
  Beginning of month value   $5.78   $5.59   3.3%
  Distributions (Ex-Date April 30)   $0.08   $0.08    
  End of month value   $5.37   $5.31   1.1%
  Performance for month   -5.69%   -3.58%    
  Performance year-to-date   -6.26%   -2.52%    
             
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.

Returns for the Fund are total returns, which include dividends. Performance returns are net of Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings. 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 the remainder of 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 $127.9
  Equities $125.9
  Percent Invested 98.5%
   
Sector Breakdown (% of equity portfolio)*  
  Information Technology 25.0%
  Industrials 17.4%
  Consumer Discretionary 16.2%
  Financials 14.4%
  Health Care 13.2%
  Energy 6.8%
  Consumer Staples 6.0%
  Materials 0.7%
  Telecommunication Services 0.3%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). 
     
New Holdings   Holdings Liquidated
Chipotle Mexican Grill, Inc., Class A   Santander Consumer USA Holdings, Inc.
Synaptics, Inc.   Silver Wheaton Corp.
     

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