Below is the June 2009 Monthly Update for the Liberty All-Star® Equity Fund. (
June 2009 Monthly Update
Performance NAV Market Price Discount
----------- --- ------------ --------
Beginning of month value $4.40 $3.46 21.4%
Distributions - -
End of month value $4.36 $3.46 20.6%
Performance for month (0.9%) 0.0%
Performance year-to-date 8.0% 4.4%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850. The Fund's daily NAV is also available by using
the symbol XUSAX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $796.4
Equities $780.0
Preferred Stocks $3.1
Percent Invested 98.3%
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Top 20 Holdings at Month-End (28.2% of portfolio)
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(Rank from previous month)
1 Dell, Inc. (1) 2.6% 11 The Allstate Corp. (9) 1.3%
2 QUALCOMM, Inc. (2) 2.0% 12 Microsoft Corp. (8) 1.2%
3 Bank of America 13 Walgreen Co. (12) 1.2%
Corp. (3) 2.0% 14 JPMorgan Chase & Co. (10) 1.2%
4 Cisco Systems, Inc. (6) 1.6% 15 J.C. Penney Co., Inc. (26) 1.1%
5 Chesapeake Energy 16 Morgan Stanley (14) 1.1%
Corp. (5) 1.5% 17 The Walt Disney Co. (17) 1.1%
6 Visa, Inc., Class A (7) 1.5% 18 Research In Motion
7 Magna International, Ltd. (23) 1.1%
Inc., Class A (22) 1.4% 19 Google, Inc., Class A (13) 1.1%
8 Annaly Capital 20 Schlumberger Ltd. (20) 1.1%
Management, Inc. (11) 1.4%
9 Apple, Inc. (4) 1.4%
10 Corning, Inc. (16) 1.3%
Holdings are subject to change
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Sector Breakdown (% of portfolio) * New Holdings
----------------------------------- ------------
Information Technology 27.3% Fluor Corp.
Financials 15.9% Rockwell Automation, Inc.
Consumer Discretionary 14.7%
Energy 12.5%
Health Care 11.7% Holdings Liquidated
Industrials 7.1% -------------------
Consumer Staples 5.7% AutoZone, Inc.
Materials 2.7% iShares Russell 1000 Value
Utilities 2.4% Index Fund
---------- SYSCO Corp.
100.0% VeriSign, 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