Liberty All-Star® Growth Fund, Inc. December 2017 Update - Liberty All Star Growth (NYSE:ASG), Liberty All Star Equity (NYSE:USA)

BOSTON, Jan. 17, 2018 (GLOBE NEWSWIRE) --

Below is the December 2017 Monthly Update for the Liberty All-Star® Growth Fund, Inc. ASG

Liberty All-Star Growth Fund						Monthly Update
	Ticker: ASG					December, 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
		(28.7% of equity portfolio)
		(Rank from previous month)
1		J.B. Hunt Transport Services, Inc. (2)			1.9					%
2		Wayfair, Inc., Class A (1)			1.9					%
3		XPO Logistics, Inc. (7)			1.8					%
4		FirstService Corp. (4)			1.7					%
5		Insulet Corp. (5)			1.6					%
6		Ebix, Inc. (8)			1.5					%
7		Stamps.com, Inc. (15)			1.5					%
8		Chegg, Inc. (12)			1.5					%
9		The Middleby Corp. (11)			1.4					%
10		FleetCor Technologies, Inc. (13)			1.4					%
11		Visa, Inc., Class A (6)			1.3					%
12		Facebook, Inc., Class A (14)			1.3					%
13		Salesforce.com, Inc. (9)			1.3					%
14		NIKE, Inc., Class B (10)			1.3					%
15		Ecolab, Inc. (16)			1.3					%
16		Paylocity Holding Corp. (22)			1.2					%
17		Novo Nordisk AS (21)			1.2					%
18		UnitedHealth Group, Inc. (17)			1.2					%
19		Alphabet, Inc., Class C (23)			1.2					%
20		GTT Communications, Inc. (31)			1.2					%
		Holdings are subject to change.

Monthly Performance
Performance			NAV					Market Price				Discount
Beginning of month value			$5.60					$5.42				-3.2	%
Distributions			–						–
End of month value			$5.67					$5.54				-2.3	%
Performance for month			1.25				%		2.21		%
Performance year-to-date			28.58				%		44.26		%

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. The Liberty All-Star Growth Fund is a closed-end fund and does not continuously offer shares. The Fund trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker by using the Fund's ticker symbol: ASG. Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA member. All data is as of December 31, 2017 unless otherwise noted.


Net Assets at Month-End ($millions)
Total			$153.7
Equities			$150.2
Percent Invested				97.7			%

Sector Breakdown (% of equity portfolio)*
Information Technology									29.5		%
Consumer Discretionary									22.8		%
Health Care									16.2		%
Industrials									15.0		%
Financials									5.4		%
Real Estate									3.6		%
Materials									3.2		%
Consumer Staples									2.5		%
Energy									1.8		%
Total Market Value									100.0		%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings												Holdings Liquidated
Burlington Stores, Inc.												Acuity Brands, Inc.
Copart, Inc.												Dorman Products, Inc.
Solaris Oilfield Infrastructure, Inc., Class A
The Walt Disney Co.

Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com

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