Below is the February 2011 Monthly Update for the Liberty All-Star® Equity Fund. (
February 2011 Monthly Update Performance NAV Market Price Discount ----------- ----- ------------ -------- Beginning of month value $5.84 $5.06 13.4% Distributions (Ex-Date February 23) $0.09 $0.09 End of month value $5.96 $5.21 12.6% Performance for month 3.60% 4.74% Performance year-to-date 6.33% 7.51% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ---------------------------------- Total $1,088.0 Equities $1,078.0 Convertible Bonds $0.7 Percent Invested 99.1% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (29.0% of portfolio) ------------------------------------------------ (Rank from previous month) 1 Apple, Inc. (1) 2.7% 11 The Western Union Co. (17) 1.2% 2 JPMorgan Chase & Co. (2) 2.2% 12 Wells Fargo & Co. (9) 1.2% 3 Dell, Inc. (5) 2.0% 13 The Allstate Corp. (13) 1.2% 4 Bank of America Corp. (3) 2.0% 14 Rockwell Automation, Inc. (44) 1.1% 5 QUALCOMM, Inc. (4) 2.0% 15 Amazon.com, Inc. (16) 1.1% 6 Google, Inc., Class A (6) 1.6% 16 Chesapeake Energy Corp. (20) 1.1% 7 Arch Coal, Inc. (7) 1.5% 17 Citigroup, Inc. (15) 1.1% 8 PNC Financial Services Group, Inc. (8) 1.4% 18 BP Plc (19) 1.1% 9 Zimmer Holdings, Inc. (14) 1.2% 19 Cisco Systems, Inc. (10) 1.1% 10 Consol Energy, Inc. (11) 1.2% 20 Visa, Inc., Class A (22) 1.0% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * New Holdings -------------------------------- ----------------------- Information Technology 24.6% FirstEnergy Corp. Financials 19.9% Royal Dutch Shell PLC Energy 14.9% Silver Wheaton Corp. Health Care 10.9% The TJX Companies, Inc. Consumer Discretionary 10.1% Industrials 8.3% Consumer Staples 5.1% Materials 3.3% Utilities 2.1% Telecommunication Services 0.8% ------ 100.0% ====== Holdings Liquidated ----------------------- Alcatel-Lucent Allegheny Energy, Inc. Apache Corp. Genzyme Corp. IntercontinentalExchange, Inc. Joy Global, Inc. Smithfield Foods, Inc. Target Corp. Terex 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