November 2009 Monthly Update
Performance NAV Market Price Discount
----------- ----- ------------ --------
Beginning of month value $4.91 $4.05 17.5%
Distributions - -
End of month value $5.15 $4.17 19.0%
Performance for month 4.89% 2.96%
Performance year-to-date 29.45% 27.84%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $940.0
Equities $922.2
Preferred Stocks $0.7
Percent Invested 98.2%
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Top 20 Holdings at Month-End (29.6% of portfolio)
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(Rank from previous month)
1 Microsoft Corp. (1) 2.2% 11 Amazon.com, Inc. (12) 1.3%
2 Google, Inc., Class A (3) 2.2% 12 The Allstate Corp. (11) 1.2%
3 Bank of America Corp. (4) 2.1% 13 JPMorgan Chase & Co. (15) 1.2%
4 Dell, Inc. (2) 2.1% 14 Magna International,
Inc., Class A (19) 1.1%
5 Apple, Inc. (6) 2.0% 15 Arch Coal, Inc. (13) 1.1%
6 Visa, Inc., Class A (5) 1.9% 16 Forest Oil Corp. (14) 1.1%
7 PNC Financial Services
Group, Inc. (8) 1.6% 17 Cognizant Technology
Solutions Corp. (25) 1.1%
8 eBay, Inc. (10) 1.4% 18 The Boeing Co. (18) 1.1%
9 Chesapeake Energy
Corp. (7) 1.4% 19 QUALCOMM, Inc. (20) 1.1%
10 Walgreen Co. (9) 1.3% 20 Morgan Stanley (16) 1.1%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
-------------------------------- ------------
Information Technology 26.0% America Movil SAB de C.V.
Financials 18.6% Express Scripts, Inc.
Consumer Discretionary 13.4% St. Jude Medical, Inc.
Health Care 11.5%
Energy 11.4% Holdings Liquidated
Industrials 7.6% -------------------
Consumer Staples 5.9% AmerisourceBergen Corp.
Materials 2.8% Cephalon, Inc.
Utilities 2.4% Cytec Industries, Inc.
Telecommunication Fiserv, Inc.
Services 0.4% General Electric Co.
------ Joy Global, Inc.
100.0%
* Based on Standard & Poor's and MSCI Barra Global Industry
Classification Standard (GICS).
The Liberty All-Star Equity Fund is a closed-end fund and does not
continuously offer shares.
Contact Information: Contact Information: Liberty All-Star Equity Fund 1-800-241-1850 www.all-starfunds.com