January 2011 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $4.57 $4.25 7.0%
Distributions - -
End of month value $4.63 $4.29 7.3%
Performance for month 1.31% 0.94%
Performance year-to-date 1.31% 0.94%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $139.1
Equities $137.2
Percent Invested in Equities 98.6%
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Top 20 Holdings at Month-End (32.0% of equity portfolio)
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(Rank from previous month)
1 C.H. Robinson 11 Oceaneering
Worldwide, Inc.(1) 2.3% International, Inc.(10) 1.5%
2 Apple, Inc.(3) 2.2% 12 Resources Connection, Inc.(13) 1.5%
3 Salesforce.com, Inc.(2) 2.1% 13 IHS, Inc., Class A(12) 1.5%
4 QUALCOMM, Inc.(5) 1.9% 14 ACE Ltd.(11) 1.4%
5 Rockwell Automation,Inc.(6) 1.8% 15 Rue21, Inc. (14) 1.4%
6 Intuitive Surgical, Inc.(15) 1.7% 16 VeriFone Systems, Inc.(18) 1.3%
7 Core Laboratories N.V.(7) 1.7% 17 Schlumberger Ltd.(26) 1.3%
8 Google, Inc., Class A(8) 1.6% 18 LKQ Corp.(21) 1.2%
9 Expeditors International 19 MSCI, Inc., Class A(16) 1.2%
of Washington, Inc.(4) 1.6% 20 Masimo Corp.(22) 1.2%
10 FMC Technologies, Inc.(9) 1.6%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
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Information Technology 25.7% New Holdings
Industrials 18.1% ---------------------
Health Care 15.8% CARBO Ceramics, Inc.
Consumer Discretionary 11.9% SuccessFactors, Inc.
Financials 11.7%
Energy 10.0%
Consumer Staples 3.3%
Materials 1.7%
Telecommunication Services 1.1%
Utilities 0.7%
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100.0%
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Holdings Liquidated
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IntercontinentalExchange, Inc.
Martek Biosciences Corp.
SMART Technologies, Inc., Class A
* 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