# Liberty All-Star Growth Fund, Inc. (ASG): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/asg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 1986-03-06 The Liberty All-Star Growth Fund, Inc. functions as a U.S.-domiciled, closed-end equity investment vehicle, with its primary management handled by ALPS Advisers, Inc. It also benefits from the expertise of co-managers Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund's investment strategy focuses on the public equity markets of the United States, primarily allocating capital to growth-oriented companies across all market capitalizations and a diverse array of sectors. Its portfolio construction employs a bottom-up stock selection appro... ## Key Facts | Metric | Value | |---|---| | Price | $4.99 | | Expense Ratio | 1.10% | | Assets Under Management | $318.0M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 9.42% | | Annual Distribution (TTM) | $0.47 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $4.55 – $5.69 | | Beta | 1.19 | ## Latest Distribution - Amount: $0.1200 /share - Ex-date: 2026-07-16 - Pay date: 2026-08-31 ## Frequently Asked Questions ### What does ASG invest in? The Liberty All-Star Growth Fund, Inc. functions as a U.S.-domiciled, closed-end equity investment vehicle, with its primary management handled by ALPS Advisers, Inc. It also benefits from the expertise of co-managers Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund's investment strategy focuses on the public equity markets of the United States, primarily allocating capital to growth-oriented companies across all market capitalizations and a diverse array of sectors. Its portfolio construction employs a bottom-up stock selection approach, driven by thorough fundamental analysis and proprietary internal research. To gauge its performance, the fund benchmarks against prominent indices such as the NASDAQ Composite Index, the Russell 3000 Growth Index, and the S&P 500 Index. Originally established on March 14, 1986, it was formerly known as Charles Allmon Trust, Inc. ### What is the expense ratio of ASG? Liberty All-Star Growth Fund, Inc. (ASG) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ASG? Liberty All-Star Growth Fund, Inc. (ASG) manages $318.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is ASG actively managed or an index fund? ASG is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ASG's is 1.10%) because there's no security selection cost. ### When was ASG launched? Liberty All-Star Growth Fund, Inc. (ASG) launched in March 1986 and is managed by the fund issuer. ### How has ASG performed? ASG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does ASG pay a dividend? Liberty All-Star Growth Fund, Inc. (ASG) currently distributes little or no income. Trailing-twelve-month yield is 9.42%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ASG pay dividends? Liberty All-Star Growth Fund, Inc. pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ASG's dividend yield? ASG's trailing-twelve-month yield is 9.42%, calculated from the sum of dividends over the past year divided by the current price. ### When is ASG's next ex-dividend date? The most recently announced ex-dividend date for ASG was 2026-07-16. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will ASG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ASG charge its expense ratio? The expense ratio is deducted in tiny daily slices from ASG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ASG cost more than a fund like VOO? ASG is a passive index fund (current expense ratio 1.10%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to ASG? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ASG (1.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/asg - Distribution history: https://www.dividenddata.com/funds/asg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/asg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/asg/expenses - Peer comparison: https://www.dividenddata.com/funds/asg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.