Premium / Performance NAV Market Price (Discount) ----------- --- ------------ ---------- Beginning of month value $8.82 $8.22 (6.8%) Distributions - - End of month value $8.92 $8.31 (6.8%) Performance for month 1.1% 1.1% Performance year-to-date 10.1% 8.5% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $1,433.9 Equities $1,375.0 Percent Invested in Equities 95.9% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (31.9% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 Microsoft (15) 2.4% 11 Google (8) 1.4% 2 Schlumberger (1) 2.4% 12 Bank of America (9) 1.4% 3 Citigroup (2) 2.2% 13 Pfizer (14) 1.4% 4 Freddie Mac (4) 1.9% 14 Consol Energy (22) 1.4% 5 Fannie Mae (3) 1.7% 15 Salesforce.com (18) 1.4% 6 Cisco Systems (6) 1.7% 16 Teva Pharmaceutical Ind. (13) 1.3% 7 Wal-Mart (5) 1.7% 17 Annaly Capital Management (17) 1.3% 8 Dell (11) 1.6% 18 Oracle (19) 1.3% 9 General Electric (7) 1.5% 19 Amazon.com (16) 1.2% 10 QUALCOMM (10) 1.5% 20 Arch Coal (39) 1.2% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio)* New Holdings ---------------------------------------- ------------ Information Technology 24.9% Aetna Financials 20.4% Berkshire Hathaway Health Care 13.0% Freeport-McMoRan Copper & Gold Industrials 12.2% J.B. Hunt Transport Services Consumer Discretionary 9.6% MGIC Investment Energy 9.3% NVR Consumer Staples 4.0% PMI Group Materials 2.9% Telecommunication Holdings Liquidated Services 1.9% ------------------- Utilities 1.8% China Mobile ------ Commerce Bancorp 100.0% Exxon Mobil H&R Block MBIA NVIDIA PharMerica St. Jude Medical * Based on Standard & Poor's and Morgan Stanley Capital International Global Industry Classification Standard (GICS). The Liberty All-Star Equity Fund is a closed-end fund and does not continuously offer shares.
Contact Information: For Information Contact: Liberty All-Star Equity Fund 617-426-1745 www.all-starfunds.com