Ticker Symbols |
Market Price: ASG Net Asset Value: XASGX |
---|---|
Fund Type | Closed-end, Exchange-Traded |
Fund Style | All-Cap Growth |
Expense Ratio | 1.13% |
Shares Outstanding | 60,155,589 |
Inception Date | March 14, 1986 |
Distribution Frequency | Quarterly |
Tax ID | 52-1452208 |
CUSIP | 529900102 |
NAV | $6.14 |
Prior NAV | $6.13 |
NAV Change | 0.16% |
YTD NAV Total Return | 15.82% |
Market Price | $5.68 |
Market Price Change | $0.02 |
Premium/(Discount) | -7.49% |
All-Cap Growth
Multi-managed fund that allocates its portfolio assets on an approximately equal basis among several independent investment organizations (currently three in number) having different investment styles and/or strategies recommended and monitored by ALPS Advisors, Inc., the Fund's investment advisor.
The Fund’s three growth investment managers and the market capitalization on which each focuses:
Seeks to invest in companies with enduring competitive advantages and high, sustainable earnings growth.
Seeks to invest in companies with improving fundamentals, emphasizing earnings growth consistency, free cash flow, and solid balance sheet metrics.
Seeks to invest in companies with underappreciated earnings growth trading at reasonable valuations, believing stock prices will ultimately follow earnings growth.
ALPS Advisors, Inc., the investment advisor to the Fund, has the ultimate authority (subject to oversight by the Board of Directors) to oversee the investment managers and recommend their hiring, termination and replacement.
The current policy is to pay distributions on its common shares totaling approximately 8 percent of its net asset value per year, payable in four quarterly installments of 2 percent of the Fund's net asset value at the close of the New York Stock Exchange on the Friday prior to each quarterly declaration date. The fixed distributions are not related to the amount of the Fund's net investment income or net realized capital gains or losses and may be taxed as ordinary income up to the amount of the Fund's current and accumulated earnings and profits. If, for any calendar year, the total distributions made under the distribution policy exceed the Fund's net investment income and net realized capital gains, the excess will generally be treated as a non-taxable return of capital, reducing the shareholder's adjusted basis in his or her shares. If the Fund's net investment income and net realized capital gains for any year exceed the amount distributed under the distribution policy, the Fund may, in its discretion, retain and not distribute net realized capital gains and pay income tax thereon to the extent of such excess.
NVIDIA Corp. | 3.9% |
Apple Inc. | 3.0% |
Microsoft Corp. | 2.8% |
Amazon.com Inc. | 2.7% |
Alphabet Inc. | 2.1% |
Meta Platforms Inc. | 2.0% |
Ollie's Bargain Outlet Holdings Inc. | 1.9% |
FirstService Corp. | 1.9% |
SPS Commerce Inc. | 1.9% |
Natera Inc. | 1.8% |
Information Technology | 29.3% | |
Health Care | 17.4% | |
Industrials | 17.3% | |
Financials | 12.7% | |
Consumer Discretionary | 9.7% | |
Communication Services | 5.9% | |
Consumer Staples | 3.9% | |
Real Estate | 2.0% | |
Materials | 1.0% | |
Energy | 0.8% |
YTD* | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | 20 Years | |
---|---|---|---|---|---|---|---|
NAV Return | 10.60% | 30.16% | -4.45% | 10.50% | 11.31% | 13.02% | 9.77% |
Market Price Return | 12.36% | 30.89% | -7.47% | 7.69% | 11.42% | 13.92% | 9.00% |
Lipper Multi-Cap Growth Average | 19.60% | 42.66% | 0.04% | 13.45% | 11.95% | 13.70% | 10.51% |
*Cumulative Total Return
Returns for the Fund and the Lipper Average are total returns, which include dividends, after deducting fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings.
Past performance cannot predict future results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. An investment in the Fund involves risk, including loss of principal.