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ALPS Advisers, Inc.: Liberty All-Star(R) Equity Fund October 2008 Monthly Update

^{Published on 2008-11-24 15:02:33 - Market Wire}
 

BOSTON, MA--(Marketwire - November 24, 2008) - Below is the October 2008 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: [ USA ])

 October 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- ----- ------------ ---------- Beginning of month value $5.66 $4.51 (20.3%) Distributions - - End of month value $4.66 $3.86 (17.2%) Performance for month (17.7%) (14.4%) Performance year-to-date (37.6%) (39.9%) For daily data visit the Fund's website at [ www.all-starfunds.com ] or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $832.3 Equities $818.1 Preferred Stocks & Convertible Bonds $2.0 Percent Invested 98.5% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (29.4% of portfolio) ------------------------------------------------- (Rank from previous month) 1 Bank of America Corp. (8) 2.5% 11 Union Pacific Corp. (32) 1.2% 2 Citigroup, Inc. (1) 2.2% 12 JPMorgan Chase & Co. (10) 1.2% 3 The Procter & Gamble Co. (4) 2.1% 13 Google, Inc., Class A (18) 1.2% 4 Wal-Mart Stores, Inc. (3) 2.0% 14 Capital One Financial Corp. (2) 1.1% 5 Genzyme Corp. (6) 1.9% 15 Staples, Inc. (19) 1.1% 6 Annaly Capital Management, Inc. (11) 1.6% 16 Genentech, Inc. (22) 1.1% 7 Dell, Inc. (12) 1.6% 17 Teva Pharmaceutical Industries Ltd. (23) 1.1% 8 Microsoft Corp. (7) 1.5% 18 Amgen, Inc. (34) 1.1% 9 Johnson & Johnson (9) 1.4% 19 Gilead Sciences, Inc. (41) 1.1% 10 McDonald's Corp. (13) 1.3% 20 J.C. Penney Co., Inc. (16) 1.1% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * New Holdings ----------------------------------- ------------ Information Technology 20.0% Best Buy Co., Inc. Financials 19.9% Brown & Brown, Inc. Health Care 18.2% The Charles Schwab Corp. Consumer Discretionary 13.0% Exxon Mobil Corp. Industrials 9.2% Hewlett-Packard Co. Consumer Staples 8.7% Kellogg Co. Energy 7.6% U.S. Bancorp Materials 1.9% Utilities 1.5% ------ 100.0% Holdings Liquidated ------------------- Becton, Dickinson and Co. Danaher Corp. D.R. Horton, Inc. General Dynamics Corp. ITT Corp. J.B. Hunt Transport Services, Inc. NetApp, Inc. Transocean, Inc. Wachovia 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.