January 2010 Monthly Update
Performance NAV Market Price Discount
----------- ------- ----------------- --------
Beginning of month value $ 4.00 $ 3.36 16.0%
Distributions - -
End of month value $ 3.84 $ 3.27 14.8%
Performance for month (4.00%) (2.68%)
Performance year-to-date (4.00%) (2.68%)
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 $ 115.5
Equities $ 112.7
Percent Invested in Equities 97.5%
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Top 20 Holdings at Month-End (26.3% of equity portfolio)
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(Rank from previous month)
1 Core Laboratories N.V.(1) 1.8% 11 Gilead Sciences, Inc.(44) 1.2%
2 Strayer Education, Inc.(3) 1.6% 12 EMC Corp.(13) 1.2%
3 Visa, Inc., Class A(5) 1.5% 13 Best Buy Co., Inc.(21) 1.2%
4 PepsiCo, Inc.(10) 1.5% 14 Intuitive Surgical, Inc.(25) 1.2%
5 China Mobile Ltd.(7) 1.5% 15 Capella Education Co.(11) 1.2%
6 Microsoft Corp.(9) 1.5% 16 Resources Connection, Inc.(12) 1.1%
7 Google, Inc., Class A(2) 1.5% 17 VCA Antech, Inc.(35) 1.1%
8 Apple, Inc.(4) 1.4% 18 Lincare Holdings, Inc.(28) 1.0%
9 The Blackstone Group LP(6) 1.4% 19 Salesforce.com, Inc.(15) 1.0%
10 ANSYS, Inc.(8) 1.4% 20 MSCI, Inc.(27) 1.0%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) *
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Information Technology 25.8% New Holdings
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Industrials 18.4% Aixtron AG
Health Care 16.6% The Coca-Cola Co.
Consumer Discretionary 12.2% Duff & Phelps Corp., Class A
Financials 11.6% MannKind Corp.
Energy 8.4% Marvell Technology Group Ltd.
Consumer Staples 3.5% Verizon Communications, Inc.
Telecommunication Services 2.0%
Materials 0.9% Holdings Liquidated
Utilities 0.6% -------------------
----- athenahealth, Inc.
100.0% Chipotle Mexican Grill, Inc., Class A
Deere & Co.
SRA International, Inc.
Tower Group, 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 Growth Fund, Inc. 1-800-241-1850 www.all-starfunds.com