August 2010 Monthly Update Performance NAV Market Price Discount ----- ------------ -------- Beginning of month value $4.95 $4.28 13.5% Distributions (Ex-Date August 25) $0.07 $0.07 End of month value $4.59 $3.95 13.9% Performance for month -5.86% -6.07% Performance year-to-date -8.05% -3.88% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. -------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $839.0 Equities $842.6 Convertible Bonds $1.3 Percent Invested 100.6% -------------------------------------------------------------------------- Top 20 Holdings at Month-End (27.2% of portfolio) ------------------------------------------------- (Rank from previous month) 1 Apple, Inc. (1) 2.7% 11 Tyco Electronics Ltd. (11) 1.1% 2 JPMorgan Chase & Co. (2) 2.1% 12 C.H. Robinson 3 Dell, Inc. (3) 1.9% Worldwide, Inc. (13) 1.1% 4 Bank of America Corp. (4) 1.8% 13 Hewlett-Packard Co. (12) 1.1% 5 QUALCOMM, Inc. (5) 1.8% 14 Amazon.com, Inc. (20) 1.1% 6 The Western Union Co. (8) 1.3% 15 Costco Wholesale Corp. (23) 1.1% 7 Arch Coal, Inc. (7) 1.3% 16 J.C. Penney Co., Inc. (22) 1.1% 8 The Allstate Corp. (10) 1.3% 17 State Street Corp. (14) 1.0% 9 Cisco Systems, Inc. (6) 1.2% 18 Wells Fargo & Co. (15) 1.0% 10 PNC Financial Services 19 The Boeing Co. (16) 1.0% Group, Inc. (9) 1.2% 20 Google, Inc., Class A (17) 1.0% Holdings are subject to change -------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * New Holdings -------------------------------- ------------ Information Technology 24.8% Discovery Communications, Inc. Financials 19.2% Seattle Genetics, Inc. Energy 12.5% Terex Corp. Health Care 11.3% Consumer Discretionary 11.0% Industrials 10.5% Consumer Staples 4.9% Materials 2.8% Utilities 2.3% Telecommunication Services 0.7% ------ 100.0% Holdings Liquidated ------------------- Guess?, Inc. Kraft Foods, Inc. Motorola, Inc. Scripps Networks Interactive, Inc., Class A Sempra Energy UnitedHealth Group, Inc. * 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