Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its October 2025 monthly update. The Fund employs an all-cap growth investment approach, combining three managers focused on small-, mid-, and large-cap growth stocks. At month-end, the top four holdings were NVIDIA Corp. (5.4%), Apple, Inc. (3.7%), Microsoft Corp. (3.4%), and Alphabet, Inc. (2.5%), making up part of the top 20 holdings that represented 38.6% of the equity portfolio. The Fund noted that sources of distributions to shareholders may include ordinary dividends, long-term capital gains, and return of capital, with current estimates indicating a portion of the distributions consist of a return of capital. Final tax characterization of distributions will be determined after year-end. All data is as of October 31, 2025.