February 2010 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $ 5.05 $ 4.18 17.2%
Distributions (Ex-Date
February 24) $ 0.08 $ 0.08
End of month value $ 5.12 $ 4.45 13.1%
Performance for month 2.97% 8.37%
Performance year-to-date (0.57%) 4.62%
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 $ 935.1
Equities $ 938.6
Percent Invested 100.4%
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Top 20 Holdings at Month-End (28.2% of portfolio)
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(Rank from previous month)
1 Bank of America Corp.(2) 2.5% 11 The Boeing Co. (11) 1.2%
2 Apple, Inc. (1) 2.3% 12 Hewlett-Packard Co. (14) 1.2%
3 Dell, Inc. (3) 2.0% 13 Arch Coal, Inc. (15) 1.2%
4 Gilead Sciences, Inc.(5) 1.7% 14 J.C. Penney Co., Inc.(17) 1.1%
5 QUALCOMM, Inc. (6) 1.6% 15 Magna International,
6 Chesapeake Energy Corp.(9) 1.5% Inc., Class A (13) 1.1%
7 PNC Financial Services 16 JPMorgan Chase & Co.(20) 1.1%
Group, Inc. (7) 1.5% 17 The Western Union Co.(22) 1.1%
8 Google, Inc., Class A(4) 1.3% 18 Amazon.com, Inc. (31) 1.1%
9 The Allstate Corp. (12) 1.3% 19 Tyco Electronics Ltd. (16) 1.1%
10 Monsanto Co. (10) 1.3% 20 Microsoft Corp. (18) 1.0%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
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Information Technology 22.3% American Tower Corp., Class A
Financials 20.0% Brocade Communications Systems, Inc.
Energy 12.9% Rovi Corp.
Consumer Discretionary 12.4% Tidewater, Inc.
Health Care 10.9% United States Steel Corp.
Industrials 9.5% Weatherford International Ltd.
Consumer Staples 6.1% Willis Group Holdings Plc
Utilities 3.1%
Materials 2.6% Holdings Liquidated
Telecommunication Services 0.2% -----------------------
----- Cardinal Health, Inc.
100.0% Diageo Plc
DreamWorks Animation
SKG, Inc., Class A
First Solar, Inc.
NIKE, Inc., Class B
Polo Ralph Lauren Corp.
Sara Lee Corp.
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