BOSTON, Sept. 13, 2019 — Below is the August 2019 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund, Inc. Ticker: ASG Monthly Update, August, 2019
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.
|Weatherbie Capital, LLC|
|Congress Asset Management Company, LLP|
|Sustainable Growth Advisers, LP|
|Top 20 Holdings at Month-End|
|(30.8% of equity portfolio)|
|5||Paylocity Holding Corp.||1.8%|
|7||Yum! Brands, Inc.||1.5%|
|10||Casella Waste Systems, Inc.||1.4%|
|12||Planet Fitness, Inc.||1.4%|
|14||PayPal Holdings, Inc.||1.4%|
|17||UnitedHealth Group, Inc.||1.4%|
|20||FleetCor Technologies, Inc.||1.3%|
|Holdings are subject to change.|
|Beginning of month value||$6.05||$5.92||-2.1%|
|End of month value||$5.96||$5.91||-0.8%|
|Performance for month||-1.49%||-0.17%|
|Net Assets at Month-End ($millions)|
|Sector Breakdown (% of equity portfolio)*|
|Total Market Value||100.0%|
|*Based on Standard & Poor’s and MSCI Barra Global Industry Classification Standard (GICS).|
New Holdings Booz Allen Hamilton Holding Corp. IHS Markit, Ltd. Sun Communities, Inc. Teledyne Technologies, Inc.
Holdings Liquidated Hyatt Hotels Corp. Old Dominion Freight Line, Inc. PVH Corp.
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.