PR Newswire | Aug 14, 2020 05:43PM EDT

08/14 16:41 CDT

Liberty All-Star(r) Growth Fund, Inc. July 2020 Monthly Update BOSTON, Aug. 14, 2020

BOSTON, Aug. 14, 2020 /PRNewswire/ -- Below is the July 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.Ticker: ASGMonthly Update, July, 2020

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, LLCSmall-Cap Growth Congress Asset Management Company, LLPMid-Cap Growth Sustainable Growth Advisers, LPLarge-Cap Growth

Top 20 Holdings at Month-End

(31.0% of equity portfolio)

1 Chegg, Inc. 2.3%

2 FirstService Corp. 2.1%

3 Nevro Corp. 1.9%

4 Paylocity Holding Corp. 1.7%

5 Microsoft Corp. 1.7%

6 Visa, Inc. 1.6%

7 Facebook, Inc. 1.6%

8 Amazon.com, Inc. 1.6%

9 Progyny, Inc. 1.5%

10Casella Waste Systems, Inc. 1.5%

11Alphabet, Inc. 1.5%

12Abbott Laboratories 1.4%

13Insulet Corp. 1.4%

14salesforce.com, Inc. 1.4%

15Everbridge, Inc. 1.4%

16FleetCor Technologies, Inc. 1.4%

17Ollie's Bargain Outlet Holdings, Inc.1.3%

18PayPal Holdings, Inc. 1.3%

19UnitedHealth Group, Inc. 1.2%

20Yum! Brands, Inc. 1.2%

Holdings are subject to change.

Monthly Performance

Performance NAV Market PricePremium/(Discount)

Beginning of month value $6.29 $6.29 -3.1%

Distributions (Ex-Date July 23)$0.13 $0.13

End of month value $6.77 $7.12% 5.2%

Performance for month 6.32% 15.37%

Performance year-to-date 16.93%17.11%

Net Assets at Month-End ($millions)

Total $281.8

Equities $281.6

Percent Invested 99.9%

Sector Breakdown (% of equity portfolio)*

Information Technology 31.8%

Health Care 25.1%

Consumer Discretionary 12.8%

Industrials 12.1%

Communication Services 4.5%

Financials 4.1%

Real Estate 4.0%

Materials 3.1%

Consumer Staples 2.2%

Energy 0.3%

Total Market Value 100.0%

*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New HoldingsNeurocrine Biosciences, Inc.Vertex, Inc.

Holdings LiquidatedAvery Dennison Corp.

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 and all primary rights in the Fund's rights offering were exercised. 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 final determination of the source of all distributions in 2020 for tax reporting purposes will be made after year end. 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. Based on current estimates no portion of the distributions consists of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.

All data is as of July 31, 2020 unless otherwise noted.

Liberty All-Star(r) Growth Fund, Inc.1-800-241-1850www.all-starfunds.comlibinfo@alpsinc.com

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SOURCE Liberty All-Star Growth Fund, Inc.