March 2010 Monthly Update Performance NAV Market Price Discount ----------- ----- ------------ -------- Beginning of month value $5.12 $4.45 13.1% Distributions - - End of month value $5.44 $4.74 12.9% Performance for month 6.25% 6.52% Performance year-to-date 5.64% 11.30% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $993.0 Equities $971.3 Percent Invested 97.8% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (29.0% of portfolio) ------------------------------------------------- (Rank from previous month) 1 Bank of America Corp. (1) 2.7% 11 Chesapeake Energy Corp. (6) 1.2% 2 Apple, Inc. (2) 2.6% 12 Hewlett-Packard Co. (12) 1.2% 3 Dell, Inc. (3) 2.2% 13 Microsoft Corp. (20) 1.2% 4 QUALCOMM, Inc. (5) 1.8% 14 The Boeing Co. (11) 1.2% 5 PNC Financial Services 15 Magna International, Inc., Group, Inc. (7) 1.5% Class A (15) 1.2% 6 Gilead Sciences, Inc. (4) 1.5% 16 JPMorgan Chase & Co. (16) 1.2% 7 Google, Inc., Class A (8) 1.3% 17 Arch Coal, Inc. (13) 1.1% 8 The Western Union Co. (17) 1.3% 18 Tyco Electronics Ltd. (19) 1.1% 9 The Allstate Corp. (9) 1.3% 19 Amazon.com, Inc. (18) 1.1% 10 Monsanto Co. (10) 1.3% 20 Wells Fargo & Co. (23) 1.0% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * New Holdings --------------------------------- ------------ Information Technology 23.3% Anadarko Petroleum Corp. Financials 21.1% D.R. Horton, Inc. Energy 12.0% priceline.com, Inc. Consumer Discretionary 11.6% Health Care 10.5% Industrials 9.9% Holdings Liquidated Consumer Staples 5.5% ------------------- Utilities 3.2% BJ Services Co. Materials 2.6% Deere & Co. Telecommunication Services 0.3% Forest Oil Corp. --------- Hess Corp. 100.0% MetLife, Inc. Whirlpool Corp. * 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