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Liberty All-Star® Growth Fund, Inc. March 2019 Monthly Update

1167 Days ago

BOSTON, April 18, 2019 (GLOBE NEWSWIRE) -- Below is the March 2019 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, March, 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.

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
  (29.4% of equity portfolio)  
1 FirstService Corp. 2.1%
2 Chegg, Inc. 2.1%
3 HEICO Corp. 1.7%
4 Paylocity Holding Corp. 1.7%
5 Equinix, Inc. 1.5%
6 Visa, Inc. 1.5%
7 Planet Fitness, Inc. 1.4%
8 Ecolab, Inc. 1.4%
9 Trade Desk, Inc. 1.4%
10 Yum! Brands, Inc. 1.4%
11 Microsoft Corp. 1.4%
12 Alphabet, Inc. 1.4%
13 Abbott Laboratories 1.4%
14 Everbridge, Inc. 1.4%
15 Autodesk, Inc. 1.3%
16 Amazon.com, Inc. 1.3%
17 Nevro Corp. 1.3%
18 Insulet Corp. 1.3%
19 Portola Pharmaceuticals, Inc. 1.2%
20 Walt Disney Co. 1.2%
Holdings are subject to change.

Monthly Performance:

Performance NAV Market Price Discount
Beginning of month value $5.76 $5.35 -7.1%
End of month value $5.90 $5.56 -5.8%
Performance for month 2.43% 3.93%  
Performance year-to-date 21.70% 29.06%  

Net Assets at Month-End ($millions)

Total $220.1
Equities $215.0
Percent Invested 97.7%


Sector Breakdown (% of equity portfolio)*  
Information Technology 29.6% 
Consumer Discretionary 19.3% 
Health Care 19.2%
Industrials 12.8%
Consumer Staples 4.4% 
Communication Services 4.3% 
Real Estate 3.6%
Materials 3.4%
Financials 3.1%
Energy  0.3%
Total Market Value 100.0% 
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). 

New Holdings
Aerie Pharmaceuticals, Inc.
Hamilton Lane, Inc.
IDEX Corp.
Rapid7, Inc.
Zuora, Inc.

Holdings Liquidated
Allegion PLC
Diplomat Pharmacy, Inc.
RealPage, Inc.
Ultimate Software Group, Inc.
Virtus Investment Partners, 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. 

All data is as of March 31, 2019 unless otherwise noted.

Liberty All-Star® Growth Fund, Inc.

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