July 2007 Monthly Update
Market Premium /
Performance NAV Price (Discount)
----------- ----------- ----------- -----------
Beginning of month value $9.09 $8.98 (1.2%)
Distributions - -
End of month value $8.69 $8.71 0.2%
Performance for month (4.4%) (3.0%)
Performance year-to-date 4.4% 10.7%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by
using the symbol XUSAX. Past performance cannot predict future
results.
Net Assets at Month-End ($millions)
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Total $ 1,377.3
Equities $ 1,317.5
Percent Invested in Equities 95.7%
Top 20 Holdings at Month-End (32.3% of equity portfolio)
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(Rank from previous month)
1 Citigroup (1) 2.5% 11 Amazon.com (8) 1.5%
2 Microsoft (2) 2.3% 12 General Electric (12) 1.4%
3 Schlumberger (4) 2.1% 13 Dell (14) 1.4%
4 Fannie Mae (3) 2.0% 14 Oracle (26) 1.4%
5 Countrywide Financial
(5) 1.8% 15 Bank of America (17) 1.4%
6 Cisco Systems (9) 1.7% 16 Pfizer (13) 1.4%
7 Wal-Mart (7) 1.7% 17 Google (15) 1.4%
8 Progressive (6) 1.5% 18 Teva Pharmaceutical Industries (36) 1.3%
9 Freddie Mac (10) 1.5% 19 Navistar International (16) 1.3%
10 QUALCOMM (11) 1.5% 20 Annaly Capital Management (20) 1.2%
Holdings are subject to change
Sector Breakdown (% of equity portfolio) * New Holdings
---------------------------------------- ------------
Information Technology 23.8% Discover Financial Services
Financials 23.7% H&R Block
Industrials 12.6% Honeywell International
Health Care 12.5% IBM
Consumer Discretionary 10.0% Las Vegas Sands
Energy 8.1% Peabody Energy
Consumer Staples 3.7% Weatherford International
Telecommunication Services 2.2% Wells Fargo
Utilities 1.7%
Materials 1.7% Holdings Liquidated
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100.0% Bank of New York Mellon
Becton Dickinson
First Data
Hartford Financial Services
Hudson City Bancorp
Lincoln National
McGraw-Hill
Novellus
PepsiCo
* Based on Standard & Poor's and Morgan Stanley Capital International
Global Industry Classification Standard (GICS).
The Liberty All-Star Equity Fund is a closed-end fund and does not
continuously offer shares.
Contact Information: For Information Contact: Liberty All-Star Equity Fund 617-426-1745 www.all-starfunds.com