June 2007 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- --- ------------ --------
Beginning of month value $9.18 $9.05 (1.4%)
Distributions - -
End of month value $9.09 $8.98 (1.2%)
Performance for month (1.0%) (0.8%)
Performance year-to-date 9.2% 14.1%
For daily data visit the Fund's website at www.all-starfunds.com
or call 1-800-241-1850.
The Fund's daily NAV is also available by using the symbol XUSAX.
Past performance cannot predict future results.
Net Assets at Month-End ($millions)
----------------------------------
Total $1,440.5
Equities $1,389.6
Percent Invested in Equities 96.5%
Top 20 Holdings at Month-End (31.9% of equity portfolio)
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(Rank from previous month)
1 Citigroup (1) 2.5% 11 QUALCOMM (12) 1.5%
2 Microsoft (2) 2.2% 12 General Electric (14) 1.4%
3 Fannie Mae (3) 2.1% 13 Pfizer (11) 1.4%
4 Schlumberger (8) 2.1% 14 Dell (16) 1.4%
5 Countrywide Financial (4) 1.8% 15 Google (18) 1.3%
6 Progressive (10) 1.8% 16 Navistar International (17) 1.3%
7 Wal-Mart (6) 1.7% 17 Bank of America (27) 1.2%
8 Amazon.com (5) 1.6% 18 Reliant Energy (21) 1.2%
9 Cisco Systems (9) 1.6% 19 Morgan Stanley (19) 1.2%
10 Freddie Mac (7) 1.5% 20 Annaly Capital Management (36) 1.1%
Holdings are subject to change
Sector Breakdown (% of equity portfolio) * New Holdings
------------------------------------------ ------------
Financials 24.8% Capital One Financial
Information Technology 23.0% Hewlett-Packard
Health Care 12.4% L-3 Communications
Industrials 11.7% Lehman Brothers
Consumer Discretionary 10.7% Mobile TeleSystems
Energy 7.7% Northrop Grumman
Consumer Staples 4.5% NVIDIA
Utilities 1.9% St. Jude Medical
Telecommunication Services 1.9%
Materials 1.4%
----- Holdings Liquidated
100.0% -------------------
AutoZone
Colgate-Palmolive
Forest Laboratories
Kohl's
Liberty Global
Louisiana-Pacific
Medtronic
Omnicom
* 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: Contact: Liberty All-Star® Growth Fund 617-426-1745 www.all-starfunds.com