February 2008 Monthly Update
Market Premium /
Performance NAV Price (Discount)
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Beginning of month value $7.65 $6.83 (10.7%)
Distributions (Ex-Date Februay 27th) ($0.19) ($0.19)
End of month value $7.19 $6.65 (7.5%)
Performance for month (3.5%) 0.1%
Performance year-to-date (8.6%) (3.0%)
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $1,284.9
Equities $1,275.3
Preferred Stocks & Convertible Bonds $4.0
Percent Invested in Equities 99.6%
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Top 20 Holdings at Month-End (27.8% of equity portfolio)
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(Rank from previous month)
1 Annaly Capital Management(3) 1.8% 11 Fannie Mae(10) 1.3%
2 Freddie Mac(2) 1.8% 12 Pfizer(13) 1.3%
3 Arch Coal(7) 1.7% 13 Johnson & Johnson(15) 1.3%
4 Citigroup(5) 1.6% 14 Bank of America(12) 1.3%
5 General Electric(9) 1.5% 15 Salesforce.com(14) 1.3%
6 Genzyme(11) 1.5% 16 Consol Energy(6) 1.2%
7 Wal-Mart(4) 1.4% 17 QUALCOMM(18) 1.2%
8 Devon Energy(49) 1.4% 18 Navistar International(21) 1.2%
9 Dell(8) 1.4% 19 Google(16) 1.1%
10 Schlumberger(19) 1.4% 20 Microsoft(1) 1.1%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio)* New Holdings
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Financials 23.7% America Movil
Information Technology 17.1% Apache
Health Care 15.7% Apple
Industrials 11.8% Burlington Northern
Consumer Discretionary 10.7% CVS Caremark
Energy 10.0% Gilead Sciences
Consumer Staples 6.2% Omnicom Group
Materials 2.0% Qimonda Finance
Utilities 1.7% (Convertible Bond)
Telecommunication Services 1.1% Research In Motion
100.0% Weatherford International
XTO Energy
Holdings Liquidated
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Danaher
Entergy
National Oilwell Varco
Precision Castparts
USG
* 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 1-800-241-1850 www.all-starfunds.com