Liberty All-Star(R) Growth Fund, Inc. December 2013 Monthly Update
January 13, 2014 at 11:22 pm IST
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BOSTON, MA--(Marketwired - Jan 13, 2014) - Below is the December 2013 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund
Monthly Update
Ticker: ASG
December, 2013
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
Large-Cap Growth | Craig C. Blum, CFA
Top 20 Holdings at Month-End
(30.5% of equity portfolio)
(Rank from previous month)
1
Cerner Corp. (1)
2.0%
2
Amazon.com, Inc. (3)
1.8%
3
ACE Ltd. (4)
1.8%
4
Splunk, Inc. (2)
1.8%
5
Google, Inc., Class A (6)
1.7%
6
Dril-Quip, Inc. (9)
1.7%
7
ARM Holdings PLC (8)
1.7%
8
Under Armour, Inc., Class A (11)
1.6%
9
Signature Bank (7)
1.6%
10
Salesforce.com, Inc. (10)
1.6%
11
athenahealth, Inc. (5)
1.5%
12
Visa, Inc., Class A (16)
1.4%
13
LinkedIn Corp., Class A (12)
1.3%
14
American Tower Corp. (14)
1.3%
15
Precision Castparts Corp. (18)
1.3%
16
QUALCOMM, Inc. (15)
1.3%
17
Core Laboratories N.V. (20)
1.3%
18
Starbucks Corp. (13)
1.3%
19
Ultimate Software Group, Inc. (17)
1.3%
20
BioMarin Pharmaceutical, Inc. (19)
1.2%
Holdings are subject to change.
Monthly Performance
Performance
NAV
Market Price
Discount
Beginning of month value
$5.74
$5.34
7.0%
Distributions
-
-
End of month value
$5.91
$5.62
4.9%
Performance for month
2.96%
5.24%
Performance year-to-date
39.01%
47.82%
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Returns for the Fund are total returns, which include dividends, after deducting Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Net Assets at Month-End ($millions)
Total
$139.9
Equities
$137.5
Percent Invested
98.3%
Sector Breakdown (% of equity portfolio)*
Information Technology
28.4%
Industrials
17.2%
Consumer Discretionary
15.9%
Financials
12.3%
Health Care
11.9%
Energy
7.0%
Consumer Staples
5.2%
Materials
2.1%
Total Market Value
100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).
Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective through investing at least 65% of its net assets in a diversified portfolio of equity securities of companies of any market capitalization. The Fund may invest up to 35% of the value of its total assets in United States (U.S.) Government Securities, repurchase agreements with respect to U.S. Government Securities, and, to an extent not greater than 10% of the market value of the Fund's total assets, money market mutual funds that invest primarily in U.S. Government Securities. The Fund's investment advisor is ALPS Advisors, Inc. The Fund's investment managers include Congress Asset Management Company, LLP; Sustainable Growth Advisers, LP, and Weatherbie Capital LLC.