August 2009 Monthly Update
Performance NAV Market Price Discount
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Beginning of month value $4.70 $3.87 17.7%
Distributions (Ex-Date August 26) $0.07 $0.07
End of month value $4.87 $3.87 20.5%
Performance for month 5.1% 1.8%
Performance year-to-date 22.4% 18.8%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
Total $889.5
Equities $891.8
Preferred Stocks $0.7
Percent Invested 100.3%
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Top 20 Holdings at Month-End (27.7% of portfolio)
(Rank from previous month)
1 Dell, Inc. (1) 2.5% 11 Magna International, Inc.,
2 Bank of America Corp. (2) 2.4% Class A (7) 1.2%
3 Microsoft Corp. (3) 2.0% 12 Corning, Inc. (10) 1.1%
4 QUALCOMM, Inc. (4) 1.9% 13 RRI Energy, Inc. (17) 1.1%
5 Chesapeake Energy Corp. (5) 1.5% 14 Forest Oil Corp. (21) 1.1%
6 Visa, Inc., Class A (6) 1.4% 15 Genzyme Corp. (23) 1.1%
7 Annaly Capital 16 Arch Coal, Inc. (14) 1.1%
Management, Inc. (8) 1.3% 17 The Boeing Co. (27) 1.1%
8 The Allstate Corp. (11) 1.3% 18 J.C. Penney Co., Inc. (15) 1.1%
9 JPMorgan Chase & Co. (13) 1.3% 19 Google, Inc., Class A (19) 1.0%
10 Research In Motion Ltd. (9) 1.2% 20 Apple, Inc. (20) 1.0%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
Information Technology 26.1% ------------
Financials 17.9% CVS Caremark Corp.
Consumer Discretionary 13.7% Joy Global, Inc.
Energy 12.7% Medco Health Solutions, Inc.
Health Care 11.6% Pulte Homes, Inc.
Industrials 8.1% Sigma-Aldrich Corp.
Consumer Staples 5.0%
Materials 2.6% Holdings Liquidated
Utilities 2.3% -------------------
------ Akamai Technologies, Inc.
100.0% Centex Corp.
Marvell Technology Group Ltd.
* 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