PR Newswire | May 12, 2021 04:37PM EDT

05/12 15:36 CDT

Liberty All-Star(r) Growth Fund, Inc. April 2021 Monthly Update BOSTON, May 12, 2021

BOSTON, May 12, 2021 /PRNewswire/ -- Below is the April 2021 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund, Inc.Ticker: ASGMonthly Update, April, 2021

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

(32.2% of equity portfolio)

1 Progyny, Inc. 2.2%

2 Signature Bank 2.0%

3 FirstService Corp. 2.0%

4 Chegg, Inc. 2.0%

5 Natera, Inc. 1.9%

6 Nevro Corp. 1.8%

7 Amazon.com, Inc. 1.8%

8 Upstart Holdings, Inc. 1.8%

9 Paylocity Holding Corp. 1.7%

10 UnitedHealth Group, Inc. 1.7%

11 Visa, Inc. 1.6%

12 Microsoft Corp. 1.5%

13 Ollie's Bargain Outlet Holdings, Inc. 1.4%

14 Yum! Brands, Inc. 1.3%

15 Facebook, Inc. 1.3%

16 salesforce.com, Inc. 1.3%

17 Generac Holdings, Inc. 1.3%

18 Workday, Inc. 1.2%

19 Zebra Technologies Corp. 1.2%

20 FleetCor Technologies, Inc. 1.2%

Holdings are subject to change.

Monthly Performance

Performance NAV Market Price Premium

Beginning of month value $8.09 $8.61 6.4%

Distributions (Ex-Date April 22^nd) $0.17 $0.17

End of month value $8.39 $9.27 10.5%

Performance for month 5.71% 9.74%

Performance year-to-date 9.12% 17.33%

Net Assets at Month-End ($millions)

Total $357.7

Equities $361.8

Percent Invested 101.2%

Sector Breakdown (% of equity portfolio)*

Information Technology 27.5%

Health Care 24.4%

Consumer Discretionary 14.5%

Industrials 11.6%

Financials 10.5%

Communication Services 4.0%

Real Estate 3.6%

Materials 1.8%

Consumer Staples 1.2%

Energy 0.9%

Total Market Value 100.0%

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

New HoldingsAmeresco, Inc.Apria, Inc.Brooks Automation, Inc.Latham Group, Inc.RingCentral, Inc.

Holdings LiquidatedMimecast, Ltd.Synopsys, Inc.US Physical Therapy, Inc.XPO Logistics, Inc.

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 final determination of the source of all distributions in 2021 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 April 30, 2021 unless otherwise noted.

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

View original content to download multimedia: http://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-april-2021-monthly-update-301290264.html

SOURCE Liberty All-Star Growth Fund, Inc.