Below is the May 2008 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (
May 2008 Monthly Update
Premium /
Performance NAV Market Price (Discount)
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Beginning of month value $5.42 $5.03 (7.2%)
Distributions (Ex-Date May 7) $0.14 $0.14
End of month value $5.47 $5.06 (7.5%)
Performance for month 3.5% 3.4%
Performance year-to-date (4.7%) (10.5%)
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $157.4
Equities $155.0
Percent Invested in Equities 98.5%
Top 20 Holdings at Month-End (27.6% of equity portfolio)
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(Rank from previous month)
1 ANSYS, Inc. (1) 1.9% 11 Corning, Inc. (27) 1.3%
2 FMC Technologies, Inc. (4) 1.6% 12 Oracle Corp. (33) 1.3%
3 McDonald's Corp. (3) 1.5% 13 The Coca-Cola Co. (11) 1.3%
4 Core Laboratories N.V. (2) 1.5% 14 CSX Corp. (17) 1.2%
5 Affiliated Managers 15 Research In Motion
Group, Inc.(7) 1.5% Ltd. (10) 1.2%
6 Smith International, Inc. (8) 1.5% 16 Flowserve Corp. (20) 1.2%
7 International Business 17 Aflac, Inc. (14) 1.2%
Machines Corp. (13) 1.5% 18 Colgate-Palmolive Co.(19) 1.2%
8 LKQ Corp. (35) 1.5% 19 The Corporate Executive
9 Wal-Mart Stores, Inc. (5) 1.5% Board Co. (18) 1.2%
10 Resources Connection, Inc. (12) 1.4% 20 Baxter International,
Inc. (15) 1.1%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
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Information Technology 23.9% New Holdings
Industrials 18.2% ------------------------------------
Health Care 15.1% Adobe Systems, Inc.
Energy 12.8% comScore, Inc.
Consumer Discretionary 11.5% EnCana Corp.
Financials 7.3% HealthExtras, Inc.
Consumer Staples 6.1% Masimo Corp.
Materials 2.7% QUALCOMM, Inc.
Telecommunication Services 2.4% Quicksilver Resources, Inc.
----- Solera Holdings, Inc.
100.0% Symantec Corp.
Holdings Liquidated
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America Movil SAB de C.V.
Cummins, Inc.
Deere & Co.
Genentech, Inc.
Interline Brands, Inc.
Mobile TeleSystems OJSC
Nighthawk Radiology Holdings, Inc.
P.F. Chang's China Bistro, 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: For Information Contact: Liberty All-Star® Growth Fund 1-800-241-1850 www.all-starfunds.com