Liberty All-Star Equity Fund Monthly Update
Ticker: USA December, 2013
Top 20 Holdings at Month-End
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(30.8% of equity portfolio)
(Rank from previous month)
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1 Google, Inc., Class A (1) 2.3%
2 JPMorgan Chase & Co. (2) 2.2%
3 Schlumberger Ltd. (3) 2.0%
4 Salesforce.com, Inc. (4) 1.9%
5 Amazon.com, Inc. (5) 1.8%
6 Citigroup, Inc. (6) 1.7%
7 Hewlett-Packard Co. (
1.6%
8 Bank of America Corp. (7) 1.6%
9 Morgan Stanley (9) 1.5%
10 QUALCOMM, Inc. (10) 1.5%
11 MetLife, Inc. (12) 1.5%
12 SunTrust Banks, Inc. (11) 1.5%
13 Visa, Inc., Class A (13) 1.4%
14 American International Group, Inc. (14) 1.3%
15 Starbucks Corp. (15) 1.3%
16 Chesapeake Energy Corp. (16) 1.2%
17 Devon Energy Corp. (1 1.2%
18 Precision Castparts Corp. (19) 1.1%
19 Microsoft Corp. (17) 1.1%
20 State Street Corp. (20) 1.1%
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Holdings are subject to change.
Monthly Performance
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Performance NAV Market Price Discount
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Beginning of month value $6.55 $5.74 12.4%
Distributions - -
End of month value $6.71 $5.97 11.0%
Performance for month 2.44% 4.01%
Performance year-to-date 33.80% 33.52%
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The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Returns for the Fund are total returns, which include dividends, after deducting Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Net Assets at Month-End ($millions)
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Total $1,177.3
Equities $1,148.7
Percent Invested 97.6%
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Sector Breakdown (% of equity portfolio)*
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Financials 26.1%
Information Technology 19.3%
Consumer Discretionary 16.1%
Energy 14.1%
Health Care 10.2%
Industrials 6.7%
Consumer Staples 4.7%
Materials 2.3%
Utilities 0.5%
Total Market Value 100.0%
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*Based on Standard & Poor's and MSCI Barra Global
Industry Classification Standard (GICS).
New Holdings Holdings Liquidated
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Barclays PLC Michael Kors Holdings Ltd.
FirstEnergy Corp. Mondelez International, Inc., Class A
NRG Energy, Inc.
NVR, Inc.
Contact Information:
Liberty All-Star Equity Fund
1-800-241-1850
www.all-starfunds.com
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