January 2011 Monthly Update Performance NAV Market Price Discount ----------- ----- ------------ -------- Beginning of month value $4.57 $4.25 7.0% Distributions - - End of month value $4.63 $4.29 7.3% Performance for month 1.31% 0.94% Performance year-to-date 1.31% 0.94% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $139.1 Equities $137.2 Percent Invested in Equities 98.6% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (32.0% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 C.H. Robinson 11 Oceaneering Worldwide, Inc.(1) 2.3% International, Inc.(10) 1.5% 2 Apple, Inc.(3) 2.2% 12 Resources Connection, Inc.(13) 1.5% 3 Salesforce.com, Inc.(2) 2.1% 13 IHS, Inc., Class A(12) 1.5% 4 QUALCOMM, Inc.(5) 1.9% 14 ACE Ltd.(11) 1.4% 5 Rockwell Automation,Inc.(6) 1.8% 15 Rue21, Inc. (14) 1.4% 6 Intuitive Surgical, Inc.(15) 1.7% 16 VeriFone Systems, Inc.(18) 1.3% 7 Core Laboratories N.V.(7) 1.7% 17 Schlumberger Ltd.(26) 1.3% 8 Google, Inc., Class A(8) 1.6% 18 LKQ Corp.(21) 1.2% 9 Expeditors International 19 MSCI, Inc., Class A(16) 1.2% of Washington, Inc.(4) 1.6% 20 Masimo Corp.(22) 1.2% 10 FMC Technologies, Inc.(9) 1.6% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * ------------------------------------------ Information Technology 25.7% New Holdings Industrials 18.1% --------------------- Health Care 15.8% CARBO Ceramics, Inc. Consumer Discretionary 11.9% SuccessFactors, Inc. Financials 11.7% Energy 10.0% Consumer Staples 3.3% Materials 1.7% Telecommunication Services 1.1% Utilities 0.7% ----- 100.0% ===== Holdings Liquidated --------------------- IntercontinentalExchange, Inc. Martek Biosciences Corp. SMART Technologies, Inc., Class A * 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