April 2008 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- --- ------------ ----------
Beginning of month value $5.10 $4.72 (7.5%)
Distributions - -
End of month value $5.42 $5.03 (7.2%)
Performance for month 6.3% 6.6%
Performance year-to-date (7.9%) (13.4%)
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XASGX. Past performance cannot predict future results.
---------------------------------------------------------------------------
Net Assets at Month-End ($millions)
-----------------------------------
Total $156.1
Equities $150.1
Percent Invested in Equities 96.2%
---------------------------------------------------------------------------
Top 20 Holdings at Month-End (27.3% of equity portfolio)
--------------------------------------------------------
(Rank from previous month)
1 ANSYS, Inc. (3) 1.7% 11 The Coca-Cola Co. (7) 1.4%
2 Core Laboratories N.V. (1) 1.6% 12 Resources Connection, 1.3%
3 McDonald's Corp. (2) 1.6% Inc. (16)
4 FMC Technologies, Inc. (10) 1.5% 13 International Business 1.3%
5 Wal-Mart Stores, Inc. (14) 1.5% Machines Corp. (13)
6 Deere & Co. (6) 1.5% 14 Aflac, Inc. (15) 1.2%
7 Affiliated Managers Group, 1.5% 15 Baxter International, 1.2%
Inc. (8) Inc. (20)
8 Smith International, 1.5% 16 Johnson & Johnson (18) 1.2%
Inc. (11) 17 CSX Corp. (24) 1.2%
9 Genzyme Corp. (4) 1.4% 18 The Corporate Executive Board 1.1%
10 Research In Motion Ltd. (9) 1.4% Co. (21)
19 Colgate-Palmolive Co. (12) 1.1%
20 Flowserve Corp. (31) 1.1%
Holdings are subject to change
---------------------------------------------------------------------------
Sector Breakdown (% of equity portfolio) *
------------------------------------------
Information Technology 19.9% New Holdings
Industrials 19.6% ------------
Health Care 16.4% Accenture Ltd., Class A
Energy 12.8% China Mobile Ltd.
Consumer Discretionary 11.3% Corning, Inc.
Financials 7.6% Costco Wholesale Corp.
Consumer Staples 6.5% Oracle Corp.
Telecommunication Services 3.5% Phillips-Van Heusen Corp.
Materials 2.4%
------ Holdings Liquidated
100.0% -------------------
Bright Horizons Family Solutions,
Inc.
Daktronics, Inc.
GATX Corp.
Honeywell International, Inc.
Marvell Technology Group Ltd.
PepsiCo, Inc.
State Street Corp.
United Technologies Corp.
Zumiez, 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