Below is the August 2010 Monthly Update for the Liberty All-Star® Equity Fund. (
August 2010 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $4.95 $4.28 13.5%
Distributions (Ex-Date August 25) $0.07 $0.07
End of month value $4.59 $3.95 13.9%
Performance for month -5.86% -6.07%
Performance year-to-date -8.05% -3.88%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $839.0
Equities $842.6
Convertible Bonds $1.3
Percent Invested 100.6%
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Top 20 Holdings at Month-End (27.2% of portfolio)
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(Rank from previous month)
1 Apple, Inc. (1) 2.7% 11 Tyco Electronics Ltd. (11) 1.1%
2 JPMorgan Chase & Co. (2) 2.1% 12 C.H. Robinson
3 Dell, Inc. (3) 1.9% Worldwide, Inc. (13) 1.1%
4 Bank of America Corp. (4) 1.8% 13 Hewlett-Packard Co. (12) 1.1%
5 QUALCOMM, Inc. (5) 1.8% 14 Amazon.com, Inc. (20) 1.1%
6 The Western Union Co. (8) 1.3% 15 Costco Wholesale Corp. (23) 1.1%
7 Arch Coal, Inc. (7) 1.3% 16 J.C. Penney Co., Inc. (22) 1.1%
8 The Allstate Corp. (10) 1.3% 17 State Street Corp. (14) 1.0%
9 Cisco Systems, Inc. (6) 1.2% 18 Wells Fargo & Co. (15) 1.0%
10 PNC Financial Services 19 The Boeing Co. (16) 1.0%
Group, Inc. (9) 1.2% 20 Google, Inc., Class A (17) 1.0%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
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Information Technology 24.8% Discovery Communications, Inc.
Financials 19.2% Seattle Genetics, Inc.
Energy 12.5% Terex Corp.
Health Care 11.3%
Consumer Discretionary 11.0%
Industrials 10.5%
Consumer Staples 4.9%
Materials 2.8%
Utilities 2.3%
Telecommunication Services 0.7%
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100.0%
Holdings Liquidated
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Guess?, Inc.
Kraft Foods, Inc.
Motorola, Inc.
Scripps Networks Interactive, Inc.,
Class A
Sempra Energy
UnitedHealth Group, Inc.
* 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