January 2007 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- ------------ ------------ ------------
Beginning of month value $8.76 $8.29 (5.4%)
Distributions - -
End of month value $8.89 $8.48 (4.6%)
Performance for month 1.5% 2.3%
Performance year-to-date 1.5% 2.3%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. Daily NAV is available under the symbol XUSAX.
Net Assets at Month-End ($millions)
-----------------------------------
Total $1,393.4
Equities $1,333.6
Percent Invested in Equities 95.7%
Top 20 Holdings at Month-End (31.3% of equity portfolio)
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(Rank from previous month)
1 Microsoft (1) 2.4% 11 Reliant Energy (15) 1.4%
2 JPMorgan Chase (4) 2.2% 12 Cisco Systems (19) 1.4%
3 Countrywide Financial (2) 2.2% 13 MetLife (11) 1.4%
4 Fannie Mae (3) 2.0% 14 Freddie Mac (12) 1.3%
5 Citigroup (5) 1.8% 15 Google (18) 1.3%
6 Pfizer (7) 1.6% 16 QUALCOMM (17) 1.3%
7 Wal-Mart (8) 1.6% 17 Oracle (21) 1.3%
8 American International Group (9) 1.5% 18 General Electric (13) 1.3%
9 Johnson & Johnson (10) 1.5% 19 Schlumberger (6) 1.2%
10 Tyco International (14) 1.4% 20 Morgan Stanley (16) 1.2%
Sector Breakdown (% of equity portfolio)* New Holdings
---------------------------------------- ------------
Financials 26.7% Coca-Cola
Information Technology 19.9% CONSOL Energy
Consumer Discretionary 14.1% Fidelity National
Health Care 13.1% Information Services
Industrials 12.6% Motorola
Energy 4.9% Smithfield Foods
Consumer Staples 4.3%
Utilities 2.4% Holdings Liquidated
Telecommunication Services 1.1% -------------------
Materials 0.9% Activision
----- AstraZeneca
100.0% Novartis
Paccar
Triad Hospitals
UBS
* Based on Standard & Poor's and Morgan Stanley Capital International
Global Industry Classification Standard (GICS).
Contact Information: Contact: Liberty All-Star® Equity Fund 617-434-5949