BOSTON, MA -- (Marketwired) -- 06/16/16 -- Below is the May 2016 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund Monthly Update
Ticker: ASG May, 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
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(30.5% of equity portfolio)
(Rank from previous month)
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1 Middleby Corp. (1) 2.0%
2 Wayfair, Inc., Class A (9) 1.9%
3 Cerner Corp. (2) 1.7%
4 HEICO Corp. (3) 1.7%
5 The Hain Celestial Group, Inc. (21) 1.6%
6 FirstService Corp. (8) 1.6%
7 Waste Connections, Inc. (5) 1.6%
8 Visa, Inc., Class A (7) 1.6%
9 Paylocity Holding Corp. (4) 1.6%
10 Signature Bank (6) 1.5%
11 Red Hat, Inc. (11) 1.5%
12 Mondelez International, Inc., Class A (13) 1.5%
13 Lowe's Cos., Inc. (17) 1.5%
14 Ecolab, Inc. (14) 1.4%
15 The Ultimate Software Group, Inc. (20) 1.4%
16 The Priceline Group, Inc. (18) 1.3%
17 Harman International Industries, Inc. (26) 1.3%
18 State Street Corp. (25) 1.3%
19 Amgen, Inc. (24) 1.3%
20 Alphabet, Inc., Class C (34) 1.2%
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Holdings are subject to change.
*Replaced TCW Investment Management Company effective June 6, 2016.
Monthly Performance
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Performance NAV Market Price Discount
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Beginning of month value $4.55 $4.06 10.8%
Distributions - -
End of month value $4.65 $4.16 10.5%
Performance for month 2.20% 2.46%
Performance year-to-date -2.88% -5.34%
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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
www.all-starfunds.com. 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)
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Total $120.0
Equities $118.5
Percent Invested 98.8%
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Sector Breakdown (% of equity portfolio)**
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Information Technology 26.8%
Consumer Discretionary 20.0%
Health Care 14.1%
Industrials 13.0%
Financials 11.8%
Consumer Staples 9.0%
Energy 2.9%
Materials 2.0%
Telecommunication Services 0.4%
Total Market Value 100.0%
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**Based on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS).
New Holdings Holdings Liquidated
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Apple, Inc. Textura Corp.
Cotiviti Holdings, Inc.
SiteOne Landscape Supply, Inc.
Liberty All-Star Growth Fund
1-800-241-1850
