Liberty All-Star Growth Stock Price, News & Analysis

Liberty All-Star Growth Fund, Inc. (NYSE: ASG) is a diversified, closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol ASG. The fund is classified in the finance and insurance sector and is associated with securities and commodity exchanges. According to its stated objective, Liberty All-Star Growth Fund seeks long-term capital appreciation through investment in a diversified portfolio of equity securities across multiple industries.

The fund follows an all-cap growth style. Its published materials describe a strategy that combines three growth-style investment managers, each with a distinct capitalization focus in small-cap, mid-cap, and large-cap equities. These managers are selected and continuously monitored by the fund’s investment advisor, ALPS Advisors, Inc. The fund is described as a multi-managed, closed-end investment company.

Portfolio composition and sectors are regularly disclosed in monthly updates. The fund’s equity holdings span a range of industries, including information technology, industrials, health care, consumer discretionary, financials, communication services, real estate, consumer staples, materials, and energy. Sector breakdowns are based on the Global Industry Classification Standard (GICS) from Standard & Poor’s and MSCI. The fund’s top holdings lists show exposure to large, mid, and small capitalization companies, and the fund notes that holdings are subject to change.

As a closed-end fund, Liberty All-Star Growth Fund does not continuously issue shares. Instead, its shares trade in the secondary market, and investors who wish to buy or sell shares must do so through an intermediary or broker. The fund explains that its net asset value (NAV) represents the market value of the underlying investments, minus liabilities, divided by the number of shares outstanding. The shares also have a separate market price on the exchange. When the market price is above NAV, the fund is said to trade at a premium; when below NAV, it trades at a discount.

The fund has a stated distribution policy of paying distributions on its shares totaling approximately 8 percent of its net asset value per year, payable in four quarterly installments of 2 percent. Distributions may be paid from sources such as net investment income, short-term capital gains, long-term capital gains, and return of capital. The fund emphasizes that the final determination of the source and tax characterization of distributions is made after year-end for tax reporting purposes, and that estimates during the year may differ from final amounts reported to shareholders.

Liberty All-Star Growth Fund indicates that distributions are typically paid in newly issued shares to shareholders participating in the fund’s Dividend Reinvestment Plan, with an option for non-participating shareholders to elect cash. The price at which new shares are issued in connection with distributions is described as the lower of the fund’s net asset value per share or market value per share on a specified date, subject to a minimum percentage of market value. The fund notes that the market value used for this purpose is the last sales price on the New York Stock Exchange.

The fund’s disclosures repeatedly highlight that investment in the fund involves risk, including loss of principal. Performance information is presented as total returns that include dividends and are net of management fees and other expenses, calculated assuming reinvestment of all distributions. The fund stresses that past performance cannot predict future results, that performance will fluctuate with market conditions, and that shareholders must be willing to tolerate significant fluctuations in the value of their investment. It also notes that performance figures do not reflect taxes that shareholders may owe on distributions or the sale of fund shares.

The fund’s materials also explain that sources of distributions may include ordinary dividends, long-term capital gains, and return of capital, and that a portion of distributions has at times been estimated to consist of return of capital. These estimates are subject to change based on the fund’s investment experience and tax regulations. The fund presents periodic net asset data, sector allocations, and lists of new and liquidated holdings to illustrate how the portfolio is managed over time.

ALPS Advisors, Inc. is identified as the investment advisor to Liberty All-Star Growth Fund, and ALPS Fund Services, Inc. and ALPS Portfolio Solutions Distributor, Inc. are described as affiliated entities that provide services, including secondary market support through a FINRA-member distributor affiliate. The fund’s communications emphasize that it trades on the New York Stock Exchange and that investors access shares through the secondary market rather than through continuous primary issuance.