April 2010 Monthly Update
Performance NAV Market Price Discount
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Beginning of month
value $5.44 $4.74 12.9%
Distributions - -
End of month value $5.54 $4.91 11.4%
Performance for
month 1.84% 3.59%
Performance
year-to-date 7.58% 15.29%
For daily data visit the Fund's website at www.all-starfunds.com
or call 1-800-241-1850. The Fund's daily NAV is also available by
using the symbol XUSAX. Past performance cannot predict future
results.
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Net Assets at Month-End ($millions)
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Total $1,012.7
Equities $988.3
Percent Invested 97.6%
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Top 20 Holdings at Month-End (29.0% of portfolio)
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(Rank from previous month)
1 Apple, Inc.(2) 2.7% 11 The Allstate Corp. (9) 1.3%
2 Bank of America Corp.(1) 2.6% 12 Chesapeake Energy Corp.(11) 1.2%
3 Dell, Inc. (3) 2.2% 13 Hewlett-Packard Co. (12) 1.2%
4 QUALCOMM, Inc. (4) 1.8% 14 Monsanto Co. (10) 1.1%
5 PNC Financial Services 15 Magna International,
Group, Inc. (5) 1.7% Inc., Class A (15) 1.1%
6 JPMorgan Chase & Co. (16) 1.6% 16 Wells Fargo & Co. (20) 1.1%
7 Gilead Sciences, Inc. (6) 1.3% 17 Microsoft Corp. (13) 1.1%
8 Arch Coal, Inc. (17) 1.3% 18 Amazon.com, Inc. (19) 1.1%
9 The Western Union Co.(8) 1.3% 19 The Boeing Co. (14) 1.0%
10 Tyco Electronics Ltd.(18) 1.3% 20 State Street Corp. (24) 1.0%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
-------------------------------- ------------
Information Technology 22.5% Broadcom Corp., Class A
Financials 21.4% Diageo Plc
Energy 12.5% Dick's Sporting Goods, Inc.
Consumer Discretionary 12.0% Fortune Brands, Inc.
Health Care 10.4% Goodrich Corp.
Industrials 10.0% Lowe's Cos., Inc.
Consumer Staples 5.5% UnitedHealth Group, Inc.
Utilities 3.2%
Materials 2.2% Holdings Liquidated
Telecommunication Services 0.3% -------------------
----- Alliant Techsystems, Inc.
100.0% Boston Scientific Corp.
Pulte Group, Inc.
Tyson Foods, Inc., Class A
United States Steel Corp.
Yahoo!, 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