July 2009 Monthly Update
Performance NAV Market Price Discount
----------- --- ------------ --------
Beginning of month value $3.41 $2.73 19.9%
Distributions - -
End of month value $3.61 $2.92 19.1%
Performance for month 5.9% 7.0%
Performance year-to-date 16.5% 18.4%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $108.5
Equities $107.5
Percent Invested in Equities 99.1%
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Top 20 Holdings at Month-End (28.2% of equity portfolio)
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(Rank from previous month)
1 Research In Motion Ltd.(1) 2.2% 11 Weatherford
2 Strayer Education, Inc.(2) 1.7% International Ltd.(59) 1.3%
3 Starbucks Corp.(20) 1.7% 12 McAfee, Inc.(12) 1.3%
4 Core Laboratories N.V.(3) 1.6% 13 The TJX Companies,
5 LKQ Corp.(7) 1.6% Inc.(21) 1.3%
6 Corning, Inc.(5) 1.5% 14 National-Oilwell
7 Microsoft Corp. (New) 1.5% Varco, Inc. (17) 1.3%
8 Petroleo Brasileiro S.A.(6) 1.4% 15 ANSYS, Inc.(11) 1.2%
9 Visa, Inc., Class A(10) 1.3% 16 The Coca-Cola Co.(15) 1.2%
10 QUALCOMM, Inc.(14) 1.3% 17 Capella
Education Co.(19) 1.2%
18 Oracle Corp.(16) 1.2%
19 Baidu, Inc.(9) 1.2%
20 WellPoint, Inc.(118) 1.2%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
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Information Technology 26.3% New Holdings
Consumer Discretionary 17.2% ----------
Health Care 15.5% Adobe Systems, Inc.
Industrials 15.0% CF Industries Holdings, Inc.
Energy 10.2% Citrix Systems, Inc.
Financials 9.8% CME Group, Inc.
Materials 2.5% Cummins, Inc.
Consumer Staples 1.8% eBay, Inc.
Telecommunication Services 1.1% Fiserv, Inc.
Utilities 0.6% Guess?, Inc.
----- Human Genome Sciences, Inc.
100.0% Life Technologies Corp.
Microsoft Corp.
NetApp, Inc.
O'Reilly Automotive, Inc.
Portfolio Recovery
Associates, Inc.
Wabtec Corp.
Wynn Resorts Ltd.
Holdings Liquidated
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Apple, Inc.
Automatic Data
Processing, Inc.
Best Buy Co., Inc.
Cisco Systems, Inc.
International Business
Machines Corp.
McDonald's Corp.
NATCO Group, Inc.
Plains Exploration &
Production Co.
Range Resources Corp.
SPX Corp.
St. Jude Medical, Inc.
Walgreen Co.
Whiting Petroleum Corp.
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