Below is the September 2010 Monthly Update for the Liberty All-Star® Equity Fund. (
September 2010 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $4.59 $3.95 13.9%
Distributions - -
End of month value $5.12 $4.41 13.9%
Performance for month 11.55% 11.65%
Performance year-to-date 2.57% 7.14%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $935.6
Equities $919.4
Convertible Bonds $1.5
Percent Invested 98.4%
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Top 20 Holdings at Month-End (28.3% of portfolio)
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(Rank from previous month)
1 Apple, Inc. (1) 2.8% 11 Tyco Electronics Ltd. (11) 1.3%
2 JPMorgan Chase & Co. (2) 2.0% 12 J.C. Penney Co., Inc. (16) 1.2%
3 Dell, Inc. (3) 2.0% 13 Amazon.com, Inc. (14) 1.2%
4 Bank of America Corp. (4) 1.9% 14 The Western Union Co. (6) 1.2%
5 QUALCOMM, Inc. (5) 1.8% 15 Costco Wholesale Corp. (15) 1.1%
6 Wells Fargo & Co. (18) 1.4% 16 C.H. Robinson Worldwide, Inc.
7 Arch Coal, Inc. (7) 1.4% (12) 1.1%
8 The Allstate Corp. (8) 1.3% 17 Consol Energy, Inc. (21) 1.0%
9 Cisco Systems, Inc. (9) 1.3% 18 Google, Inc., Class A (20) 1.0%
10 PNC Financial Services 19 State Street Corp. (17) 1.0%
Group, Inc. (10) 1.3% 20 Broadcom Corp., Class A (27) 1.0%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
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Information Technology 24.7% General Dynamics Corp
Financials 19.3% Mead Johnson Nutrition Co.
Energy 13.2% Pentair, Inc.
Consumer Discretionary 11.7%
Health Care 11.1%
Industrials 9.7%
Consumer Staples 4.6%
Materials 2.7%
Utilities 2.3%
Telecommunication Services 0.7%
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100.0%
Holdings Liquidated
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Capital One Financial Corp.
Cooper Industries Plc
Deere & Co.
Lam Research Corp.
Seattle Genetics, Inc.
Tyco International Ltd.
Vertex Pharmaceuticals, 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