Deutsche Telekom Shares Rise as Elliott Pushes Against T-Mobile Merger 
Fast Retailing Shares Drop as Uniqlo Japan August Sales Fall 
ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
Tesla Cybercab Rides Launch in Austin as NHTSA Reviews Rollout 
Anthropic Nears $15 Billion Credit Deal Ahead of IPO 
Lynas Rare Earths Shares Rise After Takeover Talks Revealed 
Xiaomi Shares Jump on Europe EV Expansion Plan 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Milei Threatens Falkland Oil Firms With Sanctions 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
Add as a preferred source on Google
BOSTON, Feb. 16, 2018 -- Below is the January 2018 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE:ASG)
| Liberty All-Star Growth Fund | Monthly Update | |||||
| Ticker: ASG | January, 2018 | |||||
| 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 | ||||||
| (28.5% of equity portfolio) | ||||||
| 1 J.B. Hunt Transport Services, Inc. | 1.9 | % | ||||
| 2 XPO Logistics, Inc. | 1.7 | % | ||||
| 3 Wayfair, Inc., Class A | 1.7 | % | ||||
| 4 FirstService Corp. | 1.6 | % | ||||
| 5 Insulet Corp. | 1.5 | % | ||||
| 6 Chegg, Inc. | 1.5 | % | ||||
| 7 Ebix, Inc. | 1.5 | % | ||||
| 8 FleetCor Technologies, Inc. | 1.4 | % | ||||
| 9 Salesforce.com, Inc. | 1.4 | % | ||||
| 10 Stamps.com, Inc. | 1.4 | % | ||||
| 11 Visa, Inc., Class A | 1.4 | % | ||||
| 12 Amazon.com, Inc. | 1.4 | % | ||||
| 13 NIKE, Inc., Class B | 1.4 | % | ||||
| 14 Paylocity Holding Corp. | 1.3 | % | ||||
| 15 Alphabet, Inc., Class C | 1.3 | % | ||||
| 16 UnitedHealth Group, Inc. | 1.3 | % | ||||
| 17 Ecolab, Inc. | 1.2 | % | ||||
| 18 The Middleby Corp. | 1.2 | % | ||||
| 19 Novo Nordisk AS | 1.2 | % | ||||
| 20 Autodesk, Inc. | 1.2 | % | ||||
| Holdings are subject to change. | ||||||
| Monthly Performance | ||||||
| Performance | NAV | Market Price | Premium\(Discount) | |||
| Beginning of month value | $5.67 | $5.54 | -2.3% | |||
| Distributions (Ex-Date January 25) | $0.12 | $0.12 | ||||
| End of month value | $5.85 | $5.97 | 2.1% | |||
| Performance for month | 5.29% | 9.97% | ||||
| Performance year-to-date | 5.29% | 9.97% | ||||
| The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund’s portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount. Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal. Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. | ||||||
| Net Assets at Month-End ($millions) | ||||||
| Total | $158.4 | |||||
| Equities | $158.3 | |||||
| Percent Invested | 99.9% | |||||
| Sector Breakdown (% of equity portfolio)* | ||||||
| Information Technology | 28.7% | |||||
| Consumer Discretionary | 22.7% | |||||
| Health Care | 16.6% | |||||
| Industrials | 14.4% | |||||
| Financials | 5.4% | |||||
| Real Estate | 3.4% | |||||
| Consumer Staples | 3.2% | |||||
| Materials | 2.9% | |||||
| Energy | 2.7% | |||||
| Total Market Value | 100.0% | |||||
| *Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). | ||||||
| New Holdings | Holdings Liquidated | |||||
| Acorda Therapeutics, Inc. | Fabrinet | |||||
| CommerceHub, Inc. | Francesca's Holdings Corp. | |||||
| Lamb Weston Holdings, Inc. | Stratasys Ltd. | |||||
| RPC, Inc. | ||||||
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
