Liberty All-Star Equity Fund - February 2004 Monthly Update
BOSTON--March 4, 2004--Liberty All-Star Equity Fund :
Premium /
Performance NAV Market Price (Discount)
----------- --------------------------------------
Beginning of month value $9.36 $9.82 4.9%
Distributions (Ex-Date
February 25) $0.24 $0.24
End of month value $9.27 $10.04 8.3%
Performance for month 1.6% 4.7%
Performance year-to-date 4.2% 8.7%
For daily data visit the Fund's website at www.all-starfunds.com or
call 1-800-241-1850
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Net Assets at Month-End
($millions)
-----------
Total $1,169.6
Common Stocks $1,169.7
Percent Invested in Equities 100.0%
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Top 20 Holdings at Month-End (28.8% of
equity portfolio)
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(Rank from previous month)
1 Genentech (3) 2.2%
2 Boeing (1) 2.1%
3 Intel (9) 1.8%
4 Tyco International (5) 1.7%
5 Progressive (4) 1.7%
6 CIT Group (7) 1.6%
7 Citigroup (105) 1.6%
8 Morgan Stanley (27) 1.6%
9 Freddie Mac (2) 1.6%
10 Amgen (6) 1.5%
11 Liberty Media (15) 1.3%
12 Applied Materials (13) 1.3%
13 Amazon.com (8) 1.2%
14 Cisco Systems (11) 1.2%
15 CIGNA (12) 1.2%
16 AT&T Wireless (10) 1.1%
17 Novellus Systems (87) 1.1%
18 American Int'l Group (113) 1.0%
19 Gap (108) 1.0%
20 Carnival (21) 1.0%
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Sector Breakdown (% of equity
portfolio)(a)
--------------
Information Technology 23.3%
Financials 20.6%
Health Care 15.4%
Consumer Discretionary 14.6%
Industrials 10.2%
Consumer Staples 4.2%
Materials 3.6%
Energy 3.1%
Telecommunication Services 2.8%
Utilities 2.2%
---------
100.0%
New Holdings(b)
---------------
Affymetrix Nextel Communications
BP UnumProvident
Celestica XM Satellite Radio
Halliburton
Holdings Liquidated(b)
----------------------------
Comcast
Limited Brands
PACCAR
Swift Transportation
United States Steel
(a) Based on Standard & Poor's and Morgan Stanley Capital
International Global Industry Classification Standard (GICS).
(b) Excludes transactions resulting from the manager replacement
of Boston Partners Asset Management, L.P. with Matrix Asset Advisors,
Inc. as one of the Fund's five portfolio managers effective February
17, 2004.