Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation. The Fund invests primarily in a diversified portfolio of equity securities. The Fund is a multi-managed fund that allocates its portfolio assets on an approximately equal basis among several independent investment organizations having different investment styles and/or strategies recommended and monitored by ALPS Advisors, Inc., the Fund's investment adviser. The Fund invests in sectors, such as healthcare, information technology, industrials, consumer discretionary, financials, consumer staples, energy, telecommunications services, materials and utilities.