Liberty All-Star(R) Equity Fund June 2013 Monthly Update

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BOSTON, MA--(Marketwired - Jul 16, 2013) - Below is the June 2013 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA)

   
  Liberty All-Star Equity Fund   Monthly Update
    Ticker: USA   June, 2013
     
 
Investment Approach
 
Fund Style: Large-Cap Core
 
Fund Strategy: Combines three value-style and two growth-style
investment managers. Those selected demonstrate a consistent
investment philosophy, decision making process, continuity of key
people and above-average long-term results compared to managers
with similar styles.
 
Investment
Managers: Value Managers:
Matrix Asset Advisors, Inc.
Pzena Investment Management, LLC
Schneider Capital Management Corporation
 
Growth Managers:
Cornerstone Capital Management LLC
TCW Investment Management Company
 
   
Monthly Performance  
Performance NAV Market Price Discount
Beginning of month value $5.99 $5.30 11.5%
Distributions - -  
End of month value $5.86 $5.20 11.3%
Performance for month -2.17% -1.89%  
Performance year-to-date 12.97% 12.43%  
       
       
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. 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)    
Total $1,098.7    
Equities $1,072.9    
Percent Invested 97.7%    
       
   
Top 20 Holdings at Month-End  
    (31.2% of equity portfolio)  
    (Rank from previous month)  
1   Google, Inc., Class A (1) 2.6%
2   JPMorgan Chase & Co. (2) 2.4%
3   QUALCOMM, Inc. (3) 2.0%
4   Citigroup, Inc. (4) 1.9%
5   Schlumberger Ltd. (5) 1.8%
6   MetLife, Inc. (9) 1.6%
7   TE Connectivity Ltd. (12) 1.5%
8   SunTrust Banks, Inc. (10) 1.5%
9   Bank of America Corp. (8) 1.5%
10   Visa, Inc., Class A (14) 1.5%
11   Hewlett-Packard Co. (13) 1.4%
12   State Street Corp. (7) 1.4%
13   Morgan Stanley (16) 1.4%
14   Microsoft Corp. (11) 1.4%
15   American International Group, Inc. (19) 1.3%
16   Devon Energy Corp. (15) 1.3%
17   Salesforce.com, Inc. (17) 1.2%
18   Amazon.com, Inc. (21) 1.2%
19   The Charles Schwab Corp. (18) 1.2%
20   Toll Brothers, Inc. (22) 1.1%
    Holdings are subject to change.  
       
   
Sector Breakdown (% of equity portfolio)*  
Financials 25.8%
Information Technology 20.0%
Energy 14.1%
Consumer Discretionary 12.8%
Health Care 9.9%
Industrials 7.7%
Consumer Staples 5.4%
Materials 2.6%
Telecommunication Services 0.9%
Utilities 0.8%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).  
   
       
New Holdings     Holdings Liquidated
Catamaran Corp.     Apollo Group, Inc., Class A
Caterpillar, Inc.     Cognizant Technology Solutions Corp., Class A
CME Group, Inc.     Comcast Corp., Special Class A
E.I. du Pont de Nemours & Co.     CSX Corp.
Lennar Corp., Class A     Panera Bread Co., Class A
LG Display Co. Ltd.      
Parker Hannifin Corp.      
United Rentals, Inc.      
       
Contact:
Contact Information:
Liberty All-Star Equity Fund
1-800-241-1850
www.all-starfunds.com
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