October 2010 Monthly Update Market Performance NAV Price Discount ----------- ------------ ------------ ------------ Beginning of month value $4.18 $3.81 8.9% Distributions - - End of month value $4.30 $3.98 7.4% Performance for month 2.87% 4.46% Performance year-to-date 12.57% 24.26% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $129.4 Equities $127.2 Percent Invested in Equities 98.3% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (31.1% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 C.H. Robinson Worldwide, 11 Intuitive Surgical, Inc. (9) 1.4% Inc. (1) 2.3% 2 Salesforce.com, Inc. (2) 2.3% 12 IHS, Inc., Class A (20) 1.4% 3 Apple, Inc. (3) 2.1% 13 MSCI, Inc., Class A (12) 1.4% 4 Rockwell Automation, 14 Resources Connection, Inc. (4) 1.9% Inc. (22) 1.3% 5 Google, Inc., Class A (8) 1.8% 15 Amazon.com, Inc. (14) 1.3% 6 Expeditors International 16 Rue21, Inc. (37) 1.3% of Washington, Inc. (7) 1.7% 7 QUALCOMM, Inc. (6) 1.7% 17 VeriFone Systems, Inc. (13) 1.3% 8 Core Laboratories N.V. (5) 1.5% 18 LKQ Corp. (18) 1.2% 9 Masimo Corp. (11) 1.5% 19 Cognizant Technology Solutions Corp., Class A (16) 1.2% 10 ACE Ltd. (10) 1.4% 20 Varian Medical Systems, Inc. (15) 1.1% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio)* ----------------------------------------- Information Technology 26.1% New Holdings -------------- Industrials 19.2% athenahealth, Inc. Health Care 18.0% Brigham Exploration Co. Financials 11.7% Gildan Activewear, Inc. Consumer Discretionary 10.1% Global Education & Technology Energy 8.8% Group Ltd. Consumer Staples 2.8% Green Mountain Coffee Roasters, Inc. Materials 1.6% QLIK Technologies, Inc. Telecommunication Services 1.0% Under Armour, Inc. Utilities 0.7% ----- 100.0% ===== Holdings Liquidated ------------------- Acorda Therapeutics, Inc. Aixtron AG CARBO Ceramics, Inc. Clean Harbors, Inc. Northwest Bancshares, 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