Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
BOSTON, Aug. 15, 2017 -- Below is the July 2017 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE:ASG)
| Liberty All-Star Growth Fund | Monthly Update | ||
| Ticker: ASG | July, 2017 | ||
| 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 | |||
| (30.2% of equity portfolio) | |||
| (Rank from previous month) | |||
| 1 | IPG Photonics Corp. (1) | 2.2% | |
| 2 | The Middleby Corp. (2) | 2.1% | |
| 3 | J.B. Hunt Transport Services, Inc. (3) | 1.8% | |
| 4 | Stamps.com, Inc. (4) | 1.7% | |
| 5 | FirstService Corp. (5) | 1.6% | |
| 6 | Signature Bank (6) | 1.6% | |
| 7 | NIKE, Inc., Class B (7) | 1.5% | |
| 8 | Facebook, Inc., Class A (13) | 1.5% | |
| 9 | Core Laboratories NV (8) | 1.5% | |
| 10 | Wayfair, Inc. (9) | 1.4% | |
| 11 | Amazon.com, Inc. (11) | 1.4% | |
| 12 | Visa, Inc., Class A (14) | 1.4% | |
| 13 | MACOM Technology Solutions Holdings, Inc. (20) | 1.4% | |
| 14 | Salesforce.com, Inc. (17) | 1.3% | |
| 15 | FleetCor Technologies, Inc. (19) | 1.3% | |
| 16 | Portola Pharmaceuticals, Inc. (16) | 1.3% | |
| 17 | Alphabet, Inc., Class C (15) | 1.3% | |
| 18 | Ecolab, Inc. (12) | 1.3% | |
| 19 | Mondelez International, Inc., Class A (18) | 1.3% | |
| 20 | The Priceline Group, Inc. (22) | 1.3% | |
| Holdings are subject to change. | |||
| Monthly Performance | |||
| Performance | NAV | Market Price | Discount |
| Beginning of month value | $5.38 | $4.92 | -8.6% |
| Distributions (Ex-Date July 26) | $0.11 | $0.11 | |
| End of month value | $5.39 | $4.99 | -7.4% |
| Performance for month | 2.39% | 3.66% | |
| Performance year-to-date | 19.76% | 27.32% | |
| The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund’s portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount. Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal. Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the Fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. | |||
| Net Assets at Month-End ($millions) | |||
| Total | $144.0 | ||
| Equities | $143.9 | ||
| Percent Invested | 100.0% | ||
| Sector Breakdown (% of equity portfolio)* | |||
| Information Technology | 32.9% | ||
| Consumer Discretionary | 19.7% | ||
| Health Care | 15.9% | ||
| Industrials | 14.2% | ||
| Financials | 6.4% | ||
| Real Estate | 3.5% | ||
| Materials | 3.0% | ||
| Energy | 2.4% | ||
| Consumer Staples | 2.0% | ||
| Total Market Value | 100.0% | ||
| *Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). | |||
| New Holdings | Holdings Liquidated | ||
| Ulta Beauty, Inc. | The Advisory Board Co. | ||
| Whole Foods Market, Inc. | |||
The Liberty All-Star Funds 1-800-241-1850
