Closed-end funds (CEFs) are my No. 1 income plays for a reason that goes beyond their huge dividends: We can tap these off-the-radar (for now!
Liberty All-Star Growth is a closed-end fund that invests in the equities of growth-oriented stocks. The ASG CEF uses zero leverage, which can be beneficial in a down market and high-interest environment. While ASG's performance is decent, it lags its sister fund, Liberty All-Star Equity, which has a different focus.