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Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
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
