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

^{Published on 2009-01-13 07:23:17, Last Modified on 2009-01-13 07:24:00 - Market Wire}
 

BOSTON, MA--(Marketwire - January 13, 2009) - Below is the December 2008 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: [ USA ])

 December 2008 Monthly Update Performance NAV Market Price Discount ------------ ------- ------------- --------- Beginning of month value $4.18 $3.12 25.4% Distributions (Ex-Date December 10) $0.10 $0.10 End of month value $4.21 $3.50 16.9% Performance for month 3.1% 15.4% Performance year-to-date (42.3%) (44.0%) For daily data visit the Fund's website at [ www.all-starfunds.com ] or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ------------------------------------ Total $752.1 Equities $739.5 Preferred Stocks & Convertible Bonds $1.2 Percent Invested 98.5% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (27.9% of portfolio) ------------------------------------------------- (Rank from previous month) 1 Bank of America Corp. (1) 2.1% 11 Chesapeake Energy Corp. (38) 1.3% 2 The Procter & Gamble Co. (2) 2.0% 12 Genentech, Inc. (12) 1.1% 3 Gilead Sciences, Inc. (7) 2.0% 13 J.C. Penney Co., Inc. (18) 1.1% 4 Annaly Capital Management, Inc. (6) 1.9% 14 Fidelity National Financial, Inc.(30) 1.1% 5 Genzyme Corp. (5) 1.7% 15 Arch Coal, Inc. (47) 1.1% 6 Wal-Mart Stores, Inc. (3) 1.7% 16 Teva Pharmaceutical Industries Ltd. (14) 1.0% 7 Dell, Inc. (4) 1.7% 17 Magna International, Inc., Class A (26) 1.0% 8 McDonald's Corp. (10) 1.4% 18 C.H. Robinson Worldwide, Inc. (16) 1.0% 9 Johnson & Johnson (9) 1.4% 19 Wells Fargo & Co. (20)1.0% 10 Microsoft Corp. (8) 1.3% 20 Google, Inc., Class A (15) 1.0% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * -------------------------------------- New Holdings ------------ Information Technology 19.4% Allergan, Inc. Financials 18.8% Automatic Data Processing, Inc. Health Care 18.0% BJ Services Co. Consumer Discretionary 15.3% Eli Lilly & Co. Energy 8.9% Lowe's Cos., Inc. Consumer Staples 8.2% Industrials 7.4% Holdings Liquidated -------------------- Materials 2.0% Burlington Northern Santa Fe Corp. Utilities 2.0% Fannie Mae ----- Freddie Mac 100.0% Qimonda AG Union Pacific Corp. XL Capital Ltd., Class A * 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.