In plain terms — Liberty All Star Growth Fund
Shares currently cost about 13.7% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 11.0% discount, so today's level is somewhat wide for this fund (Z-score -1.8). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.5% a year of the share price (8.2% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.16 of assets — a ReinvestCapture™ rate of 11.0%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 4.6% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -12.78% | 0.68% | -1.02 | 64 |
| 6 months | -12.12% | 0.99% | -1.38 | 126 |
| 1 year | -11.00% | 1.40% | -1.78 | 250 |
| 3 years | -8.90% | — | — | — |
| 5 years | -5.18% | — | — | — |
Current contemporaneous premium/discount -13.48% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -14.43% to -7.89%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -0.80% | -7.93% | -5.85% | -9.60% | +1.30% | -11.05% |
| Market price total return | -0.80% | -5.80% | +0.62% | -1.18% | +10.51% | -2.64% |
| NAV return | +1.74% | -3.62% | 0.00% | -3.46% | +4.53% | -7.75% |
| NAV total return | +1.74% | -1.66% | +6.11% | +4.55% | +13.18% | +0.61% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
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.
CEF Explorer research page for Liberty All Star Growth Fund Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.