Liberty All-Star(R) Growth Fund, Inc. September 2015 Update
/EINPresswire.com/ -- BOSTON, MA -- (Marketwired) -- 10/14/15 -- Below is the September 2015 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)
Monthly
Liberty All-Star Growth Fund Update
September,
Ticker: ASG 2015
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 | Matthew A. Weatherbie, CFA
TCW Investment Management Company
Mid-Cap Growth | Chang Lee and Mike Olson, CFA
Sustainable Growth Advisers, LP
Large-Cap Growth | George Fraise, Robert Rohn & Gordon Marchand, CFA
Top 20 Holdings at Month-End
----------------------------------------------------------------------- ----
(31.6% of equity portfolio)
(Rank from previous month)
---------- ------------------------------------------------------------ ----
1 Cerner Corp. (1) 2.1%
2 BofI Holding, Inc. (2) 2.0%
3 Middleby Corp. (4) 1.9%
4 Visa, Inc., Class A (3) 1.8%
5 Lowe's Cos., Inc. (7) 1.7%
6 Wayfair, Inc., Class A (6) 1.7%
7 Core Laboratories N.V. (5) 1.6%
8 Amgen, Inc. (11) 1.6%
9 ARM Holdings PLC (14) 1.6%
10 Google, Inc., Class C (12) 1.5%
11 Mondelez International, Inc., Class A (10) 1.5%
12 Ecolab, Inc. (13) 1.5%
13 Amazon.com, Inc. (9) 1.5%
14 Schlumberger Ltd. (8) 1.5%
15 priceline.com, Inc. (16) 1.5%
16 Waste Connections, Inc. (20) 1.4%
17 Automatic Data Processing, Inc. (21) 1.3%
18 ExamWorks Group, Inc. (17) 1.3%
19 The Hershey Co. (25) 1.3%
20 State Street Corp. (18) 1.3%
----------------------------------------------------------------------------
Holdings are subject to change.
Monthly Performance
----------------------------------------------------------------------------
Performance NAV Market Price Discount
----------------------------------------------------------------------------
Beginning of month value $5.32 $4.86 8.6%
Distributions - -
End of month value $5.08 $4.54 10.6%
Performance for month -4.51% -6.58%
Performance year-to-date -4.96% -6.33%
----------------------------------------------------------------------------
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.
Returns for the Fund are total returns, which inlcudes dividends, and are net of management fees and other Fund expenses. The Fund's performance is 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 the remainder of 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)
------------------------------------------------------------------
Total $125.7
Equities $122.2
Percent Invested 97.2%
------------------------------------------------------------------
Sector Breakdown (% of equity portfolio)*
----------------------------------------------------------------------------
Information Technology 24.0%
Consumer Discretionary 17.1%
Financials 14.5%
Health Care 13.9%
Industrials 12.7%
Consumer Staples 11.2%
Energy 3.9%
Materials 2.3%
Telecommunication Services 0.4%
Total Market Value 100.0%
----------------------------------------------------------------------------
*Based on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS).
New Holdings Holdings Liquidated
---------------------------------- -------------------------
FleetCor Technologies, Inc. American Express Co.
Solera Holdings, Inc.
VeriFone Systems, Inc.
Liberty All-Star Growth Fund
1-800-241-1850
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
