Liberty All-Star® Growth Fund, Inc. (
December 2009 Monthly Update
Performance NAV Market Price Discount
Beginning of month value $ 3.85 $ 3.15 18.2%
Distributions (Ex-Date December 16) $ 0.06 $ 0.06
End of month value $ 4.00 $ 3.36 16.0%
Performance for month 5.45% 8.57%
Performance year-to-date 32.79% 40.93%
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.
Net Assets at Month-End ($millions)
Total $ 120.4
Equities $ 118.3
Percent Invested in Equities 98.3%
Top 20 Holdings at Month-End (26.1% of equity portfolio)
(Rank from previous month) *
1 Core Laboratories N.V.
(5) 1.7% 11 Capella Education Co. (13) 1.2%
2 Google, Inc., Class A
(6) 1.6% 12 Resources Connection, Inc. (19) 1.2%
3 Strayer Education, Inc.
(4) 1.6% 13 EMC Corp. (10) 1.2%
4 Apple, Inc. (8) 1.5% 14 Abbott Laboratories 1.2%
5 Visa, Inc., Class A (1) 1.5% 15 Salesforce.com, Inc. (26) 1.1%
6 The Blackstone Group
LP 1.4% 16 Masimo Corp. (28) 1.1%
7 China Mobile Ltd. 1.4% 17 Applied Materials, Inc. 1.1%
8 ANSYS, Inc. (11) 1.4% 18 Signature Bank (22) 1.1%
9 Microsoft Corp. (2) 1.3% 19 NVIDIA Corp. 1.1%
10 PepsiCo, Inc. 1.3% 20 The Boeing Co. 1.1%
Holdings are subject to change
Sector Breakdown (% of equity portfolio) **
Information Technology 26.9% New Holdings *
Industrials 18.4% Cummins, Inc.
Health Care 15.0% Graco, Inc.
Consumer Discretionary 14.2% Huron Consulting Group, Inc.
Financials 11.4% ICF International, Inc.
Energy 8.3% Kennametal, Inc.
Consumer Staples 2.6% Robert Half International, Inc.
Telecommunication
Services 1.7%
Materials 0.9% Holdings Liquidated *
Utilities 0.6% CardioNet, Inc.
----- Financial Federal Corp.
100.0% Guess?, Inc.
McAfee, Inc.
Nuance Communications, Inc.
The Shaw Group, Inc.
TD Ameritrade Holding Corp.
United Therapeutics Corp.
* Holdings without a previous month rank are new holdings resulting from
the manager replacement of Chase Investment Counsel Corporation with
Mazama Capital Management, Inc. as one of the Fund's three portfolio
managers effective December 21, 2009.
Transactions resulting from the manager replacement are excluded from
the New Holdings and Holdings Liquidated.
** 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 Information: Liberty All-Star Growth Fund, Inc. 1-800-241-1850 www.all-starfunds.com