March 2007 Monthly Update
Market Premium /
Performance NAV Price (Discount)
----------- --------- --------- ---------
Beginning of month value $ 8.52 $ 8.33 (2.2%)
Distributions - -
End of month value $ 8.58 $ 8.50 (0.9%)
Performance for month 0.7% 2.0%
Performance year-to-date 0.6% 5.3%
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.
Net Assets at Month-End ($millions)
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Total $ 1,344.5
Equities $ 1,299.0
Percent Invested in Equities 96.6%
Top 20 Holdings at Month-End (31.4% of equity portfolio)
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(Rank from previous month)
1 JPMorgan Chase (1) 2.3% 11 Freddie Mac (10) 1.5%
2 Fannie Mae (2) 2.1% 12 Tyco International (13) 1.4%
3 Countrywide Financial (3) 2.0% 13 Cisco Systems (14) 1.4%
4 Citigroup (4) 1.8% 14 General Electric (15) 1.4%
5 Wal-Mart (5) 1.7% 15 Microsoft (16) 1.4%
6 Reliant Energy (6) 1.7% 16 MetLife (12) 1.3%
7 QUALCOMM (11) 1.6% 17 Progressive (20) 1.3%
8 American International
Group (9) 1.6% 18 Google (19) 1.3%
9 Pfizer (8) 1.6% 19 Dell (23) 1.2%
10 Schlumberger (17) 1.6% 20 Morgan Stanley (21) 1.2%
Sector Breakdown (% of equity portfolio)* New Holdings
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Financials 26.0% Baxter International
Information Technology 19.5% CVS
Consumer Discretionary 13.2% Deere
Health Care 12.9% Devon Energy
Industrials 12.6% Hartford Financial
Energy 6.7% Symantec
Consumer Staples 4.6% Target
Utilities 2.3%
Telecommunication Services 1.3%
Materials 0.9% Holdings Liquidated: None
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100.0%
* Based on Standard & Poor's and Morgan Stanley Capital International
Global Industry Classification Standard (GICS).
Contact Information: Contact: Liberty All-Star® Equity Fund 617-426-1745 www.all-starfunds.com