October 2008 Monthly Update
Premium /
Performance NAV Market Price (Discount)
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Beginning of month value $4.34 $3.47 (20.0%)
Distributions - -
End of month value $3.54 $2.99 (15.5%)
Performance for month (18.4%) (13.8%)
Performance year-to-date (36.5%) (45.6%)
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $104.3
Equities $101.7
Percent Invested in Equities 97.5%
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Top 20 Holdings at Month-End (31.1% of equity portfolio)
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(Rank from previous month)
1 Wal-Mart Stores, Inc. (1) 2.1% 11 The Procter & Gamble Co. (13) 1.6%
2 McDonald's Corp. (3) 2.0% 12 Resources Connection, Inc. (6) 1.5%
3 Union Pacific Corp. (15) 1.9% 13 Accenture Ltd., Class A (14) 1.4%
4 Strayer Education, Inc.
(18) 1.8% 14 LKQ Corp. (7) 1.4%
5 ANSYS, Inc. (2) 1.7% 15 Waste Connections, Inc. (26) 1.3%
6 Teva Pharmaceutical
Industries Ltd. (10) 1.7% 16 Dollar Tree, Inc. (27) 1.2%
7 Johnson & Johnson (8) 1.7% 17 Amgen, Inc. (66) 1.2%
8 Genzyme Corp. (9) 1.7% 18 SYSCO Corp. (22) 1.2%
9 Core Laboratories N.V.
(4) 1.7% 19 NeuStar, Inc., Class A (32) 1.2%
10 Baxter International,
Inc. (12) 1.6% 20 Stericycle, Inc. (33) 1.2%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
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Health Care 22.8% New Holdings
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Information Technology 20.9% The Charles Schwab Corp.
Industrials 17.6% Exxon Mobil Corp.
Consumer Discretionary 11.8% Hewlett-Packard Co.
Financials 8.3% ITC Holdings Corp.
Consumer Staples 7.6% Kellogg Co.
Energy 7.5% Ulta Salon, Cosmetics & Fragrance, Inc.
Telecommunication
Services 2.5% U.S. Bancorp
Materials 0.9%
Utilities 0.1%
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100.0% Holdings Liquidated
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Becton, Dickinson and Co.
Danaher Corp.
General Dynamics Corp.
Innophos Holdings, Inc.
Intrepid Potash, Inc.
ITT Corp.
Phase Forward, Inc.
Schlumberger Ltd.
Transocean, 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: Contact Information: Liberty All-Star Funds 1-800-241-1850 www.all-starfunds.com