October 2009 Monthly Update
Performance NAV Market Price Discount
----------- --- ------------ --------
Beginning of month value $3.84 $3.16 17.7%
Distributions - -
End of month value $3.67 $3.04 17.2%
Performance for month (4.4%) (3.8%)
Performance year-to-date 20.0% 25.3%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $110.3
Equities $107.3
Percent Invested in Equities 97.3%
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Top 20 Holdings at Month-End (29.0% of equity portfolio)
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(Rank from previous month)
1 National-Oilwell Varco, Inc.(1) 1.8% 11 ANSYS, Inc.(15) 1.4%
2 Strayer Education, Inc.(2) 1.7% 12 EMC Corp.(30) 1.4%
3 Visa, Inc., Class A(9) 1.7% 13 McAfee, Inc.(14) 1.4%
4 Microsoft Corp.(5) 1.7% 14 Capella Education
5 Core Laboratories N.V.(3) 1.7% Co.(19) 1.3%
6 The TJX Companies, Inc.(6) 1.6% 15 International Business
7 Starbucks Corp.(4) 1.6% Machines Corp. (New) 1.3%
8 Google, Inc., Class A(New) 1.5% 16 Kohl's Corp.(New) 1.3%
9 Adobe Systems, Inc.(12) 1.5% 17 Signature Bank(27) 1.2%
10 Hewlett-Packard Co.(13) 1.4% 18 eBay, Inc.(16) 1.2%
19 LKQ Corp.(11) 1.2%
20 Resources Connection,
Inc.(21) 1.1%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
------------------------------------------ New Holdings
Information Technology 30.1% ------------
Consumer Discretionary 16.1% Alcon, Inc.
Industrials 14.8% Apple, Inc.
Health Care 14.4% China Real Estate
Financials 10.7% Information Corp.
Energy 8.0% Cognizant Technology
Materials 2.8% Solutions Corp., Class A
Consumer Staples 2.2% Dril-Quip, Inc.
Utilities 0.5% Education Management Corp.
Telecommunication Services 0.4% Google, Inc., Class A
------ II-VI, Inc.
100.0% International
Business Machines Corp.
Kohl's Corp.
Landstar System, Inc.
Mastercard, Inc., Class A
McKesson Corp.
NIKE, Inc., Class B
Rockwell Collins, Inc.
TD Ameritrade Holding Corp.
VeriFone Holdings, Inc.
Walgreen Co.
Yamana Gold, Inc.
Holdings Liquidated
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Auxilium
Pharmaceuticals, Inc.
Clearwire Corp., Class A
Danaher Corp.
The DIRECTV Group, Inc.
Fluor Corp.
I-Flow Corp.
Intuit, Inc.
Oracle Corp.
O'Reilly Automotive, Inc.
Research In Motion Ltd.
Shanda Games Ltd.
UnitedHealth Group, Inc.
UTI Worldwide, Inc.
Vertex
Pharmaceuticals, Inc.
Vodafone Group PLC
Weatherford
International Ltd.
WellPoint, Inc.
Based on Standard & Poor's and MSCI Barra Global Industry Classification
Standard (GICS).
* The Liberty All-Star Growth Fund, Inc. is a closed-end fund and does
not continuously offer shares.
Contact Information: Contact: Liberty All-Star Growth Fund, Inc. 1-800-241-1850 www.all-starfunds.com