Liberty All-Star® Growth Fund, Inc. (
May 2009 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $3.32 $2.67 19.6%
Distributions (Ex-Date May 6) $0.05 $0.05
End of month value $3.36 $2.64 21.4%
Performance for month 2.7% 0.7%
Performance year-to-date 8.4% 7.2%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the symbol
XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $ 100.2
Equities $ 101.0
Percent Invested in Equities 100.8%
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Top 20 Holdings at Month-End (28.0% of equity portfolio)
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(Rank from previous month)
1 Core Laboratories N.V. (1) 2.0% 11 Strayer Education, Inc. (7) 1.4%
2 Research In Motion Ltd. (43) 1.9% 12 Mylan, Inc. (11) 1.3%
3 International Business
Machines Corp. (3) 1.7% 13 ANSYS, Inc. (18) 1.3%
4 Petroleo Brasileiro S.A. (14) 1.6% 14 Baidu, Inc. (13) 1.3%
5 Apple, Inc. (8) 1.5% 15 Teva Pharmaceutical
Industries Ltd. (2) 1.2%
6 Resources Connection, Inc.(4) 1.5% 16 QUALCOMM, Inc. (121) 1.2%
7 Visa, Inc., Class A (9) 1.5% 17 Oracle Corp. (19) 1.1%
8 Cisco Systems, Inc. (6) 1.4% 18 Starbucks Corp. (20) 1.1%
9 Corning, Inc. (10) 1.4% 19 Barrick Gold Corp. (41) 1.1%
10 LKQ Corp. (5) 1.4% 20 McDonald's Corp. (28) 1.1%
Holdings are subject to change
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Sector Breakdown (% of
equity portfolio) * New Holdings
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Information Technology 27.3% Aerovironment, Inc.
Consumer Discretionary 16.5% Best Buy Co., Inc.
Health Care 14.7% Charles River Laboratories
Industrials 14.2% International, Inc.
Energy 12.2% Medivation, Inc.
Financials 8.8% Monsanto Co.
Materials 2.5% Schlumberger Ltd.
Consumer Staples 2.2% The Walt Disney Co.
Telecommunication Services 1.0%
Utilities 0.6%
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100.0%
Holdings Liquidated
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Becton, Dickinson and Co.
Brown & Brown, Inc.
CA, Inc.
Mastercard, Inc., Class A
Monotype Imaging Holdings, Inc.
Symantec 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