BOSTON (PRWEB) March 19, 2018
Below is the February 2018 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund, Inc.
Monthly Update, February, 2018
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
(28.9% of equity portfolio)
1 FirstService Corp. 1.9%
2 XPO Logistics, Inc. 1.9%
3 Chegg, Inc. 1.8%
4 Stamps.com, Inc. 1.5%
5 Salesforce.com, Inc. 1.5%
6 Amazon.com, Inc. 1.5%
7 Ebix, Inc. 1.5%
8 Insulet Corp. 1.4%
9 Visa, Inc., Class A 1.4%
10 NIKE, Inc., Class B 1.4%
11 FleetCor Technologies, Inc. 1.4%
12 Alphabet, Inc., Class C 1.4%
13 Wayfair, Inc., Class A 1.4%
14 Paylocity Holding Corp. 1.4%
15 Schlumberger Ltd. 1.3%
16 UnitedHealth Group, Inc. 1.3%
17 Autodesk, Inc. 1.3%
18 GTT Communications, Inc. 1.2%
19 Ecolab, Inc. 1.2%
20 Red Hat, Inc. 1.2%
Holdings are subject to change.
Beginning of month value: $5.85 NAV, $5.97 Market Price, 2.1% Premium
End of month value: $5.64 NAV, $6.00 Market Price, 6.4% Premium
Performance for month: -3.59% NAV, 0.50% Market Price
Performance year-to-date: 1.55% NAV, 10.57% Market Price
Net Assets at Month-End ($millions)
Percent Invested 100.0%
Sector Breakdown (% of equity portfolio)*
Information Technology 30.0%
Consumer Discretionary 21.7%
Health Care 16.0%
Consumer Staples 3.2%
Real Estate 3.2%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).
Kratos Defense & Security Solutions, Inc.
MKS Instruments, Inc.
Old Dominion Freight Line, Inc.
U.S. Concrete, Inc.
Camden Property Trust
Chipotle Mexican Grill, Inc.
Core Laboratories NV
Electronics For Imaging, Inc.
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 can 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.
Liberty All-Star® Growth Fund, Inc.