July 2008 Monthly Update
Premium/
Performance NAV Market Price (Discount)
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Beginning of month value $5.11 $4.67 (8.6%)
Distributions - -
End of month value $5.00 $4.50 (10.0%)
Performance for month (2.2%) (3.6%)
Performance year-to-date (12.7%) (20.3%)
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by
using the symbol XASGX. Past performance cannot predict future
results.
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Net Assets at Month-End ($millions)
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Total $145.6
Equities $139.2
Percent Invested in Equities 95.6%
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Top 20 Holdings at Month-End (29.1% of equity portfolio)
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(Rank from previous month)
1 ANSYS, Inc. (1) 1.7% 11 General Dynamics
Corp. (15) 1.4%
2 QUALCOMM, Inc. (13) 1.7% 12 Affiliated Managers
Group, Inc. (8) 1.4%
3 Wal-Mart Stores, Inc. (5) 1.7% 13 Smith International,
4 Resources Connection, Inc. (2) 1.4%
Inc. (12) 1.6% 14 Johnson & Johnson (78) 1.4%
5 LKQ Corp. (11) 1.6% 15 Oracle Corp. (17) 1.4%
6 McDonald's Corp. (4) 1.6% 16 Strayer Education,
7 International Business Inc. (19) 1.3%
Machines Corp. (7) 1.6% 17 Accenture Ltd.,
Class A (46) 1.3%
8 Core Laboratories N.V. (3) 1.5% 18 FMC Technologies,
Inc. (6) 1.3%
9 Praxair, Inc. (10) 1.4% 19 Adobe Systems, Inc. (24) 1.2%
10 Baxter International, Inc.
(14) 1.4% 20 Clean Harbors, Inc. (28) 1.2%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) * New Holdings
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Information Technology 24.8% Abbott Laboratories
Industrials 19.6% ACE Ltd.
Health Care 19.4% C.H. Robinson Worldwide, Inc.
Energy 11.4% Danaher Corp.
Consumer Discretionary 10.5% Electronic Arts, Inc.
Financials 6.8% Medtronic, Inc.
Materials 3.0% Nuance Communications, Inc.
Consumer Staples 2.3% Schlumberger Ltd.
Telecommunication Services 2.2% SPX Corp.
100.0% St. Jude Medical, Inc.
Waste Management, Inc.
The Western Union Co.
Holdings Liquidated
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Allegheny Technologies, Inc.
Alliance Data Systems Corp.
Bare Escentuals, Inc.
Cerner Corp.
CGGVeritas
The Coca-Cola Co.
Colgate-Palmolive Co.
Costco Wholesale Corp.
Golar LNG Ltd.
Home Inns & Hotels
Management, Inc.
PetSmart, Inc.
SEI Investments Co.
Weatherford International
Ltd.
Wright Medical Group, Inc.
Wynn Resorts Ltd.
XTO Energy, 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, Inc. 1-800-241-1850 www.all-starfunds.com