SOURCE: ALPS Advisors, Inc.

ALPS Advisors, Inc.

July 19, 2016 13:31 ET

Liberty All-Star® Growth Fund, Inc. June 2016 Update

BOSTON, MA--(Marketwired - Jul 19, 2016) -  Below is the June 2016 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund Monthly Update
  Ticker: ASG June, 2016
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    
    (30.3% of equity portfolio)    
    (Rank from previous month)    
1   Signature Bank (10)   2.3%
2   Middleby Corp. (1)   2.0%
3   Wayfair, Inc., Class A (2)   1.8%
4   Core Laboratories NV (30)   1.7%
5   IPG Photonics Corp. (48)   1.6%
6   FirstService Corp. (6)   1.5%
7   Mondelez International, Inc., Class A (12)   1.5%
8   Visa, Inc., Class A (8)   1.5%
9   Cerner Corp. (3)   1.5%
10   Ecolab, Inc. (14)   1.5%
11   Lowe's Cos., Inc. (13)   1.4%
12   The Ultimate Software Group, Inc. (15)   1.4%
13   Red Hat, Inc. (11)   1.4%
14   The Priceline Group, Inc. (16)   1.4%
15   Apple, Inc. (24)   1.4%
16   Paylocity Holding Corp. (9)   1.3%
17   Equinix, Inc. (26)   1.3%
18   Colgate-Palmolive Co. (25)   1.3%
19   Automatic Data Processing, Inc. (29)   1.3%
20   NIKE, Inc., Class B (22)   1.2%
    Holdings are subject to change.    
Monthly Performance    
Performance   NAV   Market Price   Discount
  Beginning of month value   $4.65   $4.16   10.5%
  Distributions   -   -    
  End of month value   $4.65   $4.09   12.0%
  Performance for month   0.00%   -1.68%    
  Performance year-to-date   -2.88%   -6.93%    

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, available at 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 $120.6  
  Equities $117.7  
  Percent Invested 97.6%  
Sector Breakdown (% of equity portfolio)*    
  Information Technology   26.1%
  Consumer Discretionary   18.7%
  Health Care   16.3%
  Industrials   16.1%
  Financials   12.9%
  Consumer Staples   5.6%
  Energy   3.2%
  Materials   0.8%
  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**
Bristol-Myers Squibb Co.     Evercore Partners, Inc., Inc.     ExamWorks Group, Inc
VCA, Inc.     Geospace Technologies Corp.
      LinkedIn Corp., Class A
      Monsanto Co.
      Peapack Gladstone Financial Corp.
      Stantec, Inc.
      Trinet Group, Inc.
      Waste Connections, Inc.

** Transactions resulting from the manager replacement of TCW Investment Management Company with Congress Asset Management Company, LLP as one of the Fund's three portfolio managers effective June 6, 2016 are excluded from the New Holdings and Holdings Liquidated.

Contact Information

  • Liberty All-Star Growth Fund