BOSTON, MA -- (Marketwired) -- 02/19/15 -- Below is the January 2015 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund Monthly Update
Ticker: ASG January, 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
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(30.8% of equity portfolio)
(Rank from previous month)
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1 Cerner Corp. (1) 2.6%
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2 Middleby Corp. (2) 2.2%
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3 Lowe's Cos., Inc. (3) 2.0%
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4 Visa, Inc., Class A (4) 1.6%
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5 Starbucks Corp. (6) 1.6%
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6 Signature Bank (5) 1.6%
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7 Automatic Data Processing, Inc. (9) 1.5%
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8 BofI Holding, Inc. (22) 1.5%
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9 The Walt Disney Co. (7) 1.4%
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10 Google, Inc., Class C (15) 1.4%
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11 Amazon.com, Inc. (10) 1.4%
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12 American Express Co. (8) 1.4%
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13 HEICO Corp. (26) 1.4%
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14 Amgen, Inc. (11) 1.4%
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15 Schlumberger Ltd. (16) 1.3%
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16 Colgate-Palmolive Co. (20) 1.3%
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17 Waste Connections, Inc. (21) 1.3%
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18 The Ultimate Software Group, Inc. (27) 1.3%
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19 Ecolab, Inc. (28) 1.3%
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20 Whole Foods Market, Inc. (17) 1.3%
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Holdings are subject to change.
Monthly Performance
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Performance NAV Market Price Discount
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Beginning of month value $5.69 $5.16 9.3%
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Distributions (Ex-Date January 21) $0.08 $0.08
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End of month value $5.43 $4.86 10.5%
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Performance for month -3.00% -4.26%
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Performance year-to-date -3.00% -4.26%
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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.
Returns for the Fund are total returns, which include dividends, after
deducting 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 net investment income,
net realized short-term capital gains, net realized 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 athttp://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 $131.5
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Equities $128.5
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Percent Invested 97.7%
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Sector Breakdown (% of equity portfolio)*
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Information Technology 22.1%
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Consumer Discretionary 16.9%
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Industrials 15.7%
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Financials 14.5%
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Health Care 13.6%
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Consumer Staples 11.2%
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Energy 2.8%
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Materials 2.4%
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Telecommunication Services 0.6%
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Consumer Discrectionary 0.2%
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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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Auspex Pharmaceuticals, Inc. Black Diamond, Inc.
Vince Holding Corp. Chart Industries, Inc.
WhiteWave Foods Co. FEI Co.
WisdomTree Investments, Inc. FXCM, Inc., Class A
InterDigital, Inc.
MWI Veterinary Supply, Inc.
T. Rowe Price Group, Inc.
WABCO Holdings, Inc.
Contact Information:
Liberty All-Star Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
