Liberty All-Star Growth Fund, Inc. June 2026 Monthly Update

§ 01 Executive Snapshot

• What: Monthly update for the Liberty All-Star Growth Fund, Inc. as of June 2026.
• Who: Liberty All-Star Growth Fund, Inc. (NYSE: ASG) and its investment managers, including Congress Asset Management and Westfield Capital Management.
• Why it matters: Provides insights into the fund's performance, investment strategy, and top holdings, reflecting broader trends in the all-cap growth investment space.

§ 02 Key Developments

• Total net assets at month-end stood at $397.6 million, with $385.3 million invested in equities.
• The fund's net asset value (NAV) increased from $6.05 at the beginning of the month to $6.24 by month-end, representing a performance return of 3.14% for the month.
• The top three holdings in the fund are NVIDIA Corp. (3.9%), Alphabet, Inc. (3.8%), and Credo Technology Group Holding, Ltd. (1.7%).

§ 03 Strategic Context

• The fund employs a multi-manager approach, combining small, mid, and large-cap growth investment strategies to diversify and capitalize on different market segments.
• The fund's performance metrics reflect the ongoing recovery and growth potential in equity markets, particularly in technology and healthcare sectors, which are heavily represented in its holdings.

§ 04 Strategic Implications

• The recent performance boost may enhance investor confidence in the fund, potentially attracting new capital inflows and supporting future growth.
• The diversified strategy may position the fund advantageously against market volatility, as it can pivot between different capitalization focuses based on market conditions.

§ 05 Risks & Constraints

• Market fluctuations could adversely affect the fund's performance, especially given its significant allocations in high-growth sectors like technology.
• The reliance on a multi-manager strategy may introduce risks related to the performance and decisions of the individual investment managers.

§ 06 Watchlist / Forward Signals

• Investors should monitor upcoming quarterly performance updates to assess the continued effectiveness of the fund's investment strategy.
• Changes in market conditions or economic indicators could impact the fund's asset allocation and performance metrics moving forward.