Liberty ALL Star Growth Fund INC.: insider trades · United States · SEC (Form 4)

About Liberty ALL Star Growth Fund INC.

Liberty All-Star Growth Fund, Inc. (ticker: ASG) is a U.S.-listed closed-end investment company traded on the NYSE in the United States. It is structured as a registered investment company under the Investment Company Act of 1940 and is designed for investors seeking publicly traded equity exposure with a growth orientation. Unlike an open-end mutual fund, ASG does not continuously issue shares; instead, its shares trade in the secondary market, which means the market price can trade at a premium or discount to net asset value. ASG’s core investment proposition is a multi-manager framework. The fund allocates assets approximately equally among several independent investment organizations, each contributing a distinct investing style or process. According to the fund’s own disclosures, ALPS Advisors, Inc. serves as the investment adviser and oversees the hiring, monitoring, and replacement of sub-advisers. This multi-management structure is intended to combine diversification, specialist expertise, and more consistent results across market cycles. The fund’s current management lineup includes managers such as Congress Asset Management Company and Westfield Capital Management Company, with the portfolio spanning small-cap, mid-cap, and large-cap growth sleeves. From a competitive standpoint, ASG sits in the closed-end fund segment focused on growth equities. Its distinguishing feature is not a proprietary product line or operating business, but rather the way it packages institutional-style manager diversification into a single listed security. For French-, Belgian-, and Swiss-based investors, that makes it a useful way to access a diversified U.S. growth strategy through one NYSE-listed instrument, while retaining market liquidity and the ability to transact intraday. The fund is marketed as a closed-end vehicle with a long-standing history and a shareholder distribution framework that has recently remained a key part of the story. Recent fund notices show quarterly distributions targeting roughly 8% of NAV annually, with $0.12 per share distributions announced in 2025 and 2026. In March 2026, ASG announced a manager change in its small-cap growth sleeve, replacing Weatherbie Capital with Congress Asset Management effective April 1, 2026. That update is notable because it underscores the active nature of the fund’s governance and the importance of manager selection in its performance profile.