Below is the August 2008 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (
August 2008 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- ----- ------------ ---------
Beginning of month value $5.00 $4.50 (10.0%)
Distributions (Ex-Date August 6) $0.12 $0.12
End of month value $4.94 $4.38 (11.3%)
Performance for month 1.2% 0.0%
Performance year-to-date (11.7%) (20.3%)
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XASGX. Past performance cannot predict future results.
---------------------------------------------------------------------------
Net Assets at Month-End ($millions)
----------------------------------
Total $143.9
Equities $144.8
Percent Invested in Equities 100.6%
---------------------------------------------------------------------------
Top 20 Holdings at Month-End (28.6% of equity portfolio)
-------------------------------------------------------
(Rank from previous month)
1 ANSYS, Inc. (1) 1.7% 11 International Business
2 Resources Connection, Machines Corp. (7) 1.5%
Inc. (4) 1.6% 12 Teva Pharmaceutical
3 Wal-Mart Stores, Industries Ltd. (56) 1.4%
Inc. (3) 1.6% 13 Baxter International, Inc. (10) 1.4%
4 LKQ Corp. (5) 1.5% 14 Johnson & Johnson (14) 1.4%
5 QUALCOMM, Inc. (2) 1.5% 15 Schlumberger Ltd. (111) 1.3%
6 Affiliated Managers 16 Praxair, Inc. (9) 1.3%
Group, Inc. (12) 1.5% 17 Accenture Ltd., Class A (17) 1.3%
7 McDonald's Corp. (6) 1.5% 18 Union Pacific Corp. (New) 1.2%
8 Core Laboratories N.V. (8) 1.5% 19 Smith International, Inc. (13) 1.2%
9 General Dynamics Corp. (11) 1.5% 20 Lockheed Martin Corp. (22) 1.2%
10 Oracle Corp. (15) 1.5%
Holdings are subject to change
---------------------------------------------------------------------------
Sector Breakdown (% of equity portfolio)*
-----------------------------------------
Information Technology 24.5% New Holdings
Industrials 21.8% ------------
Health Care 21.1% Apple, Inc.
Energy 10.2% Bucyrus International, Inc.
Consumer Discretionary 9.9% ITT Corp.
Financials 6.4% Ultra Petroleum Corp.
Materials 2.3% Union Pacific Corp.
Telecommunication Services 2.2%
Consumer Staples 1.6% Holdings Liquidated
----- -------------------
100.0% The Advisory Board Co.
Aflac, Inc.
Akamai Technologies, Inc.
Apache Corp.
Corning, Inc.
CVS Caremark Corp.
Devon Energy Corp.
EnCana Corp.
NIKE, Inc., Class B
Orthofix International N.V.
Potash Corp. of Saskatchewan, Inc.
TechTarget, 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