Liberty All-Star Equity Fund - Performance

Fund Performance as of 09/30/2017

 YTD*1 Year3 Year5 Year10 Year15 Year20 Year
NAV Return16.25%19.34%9.42%13.10%5.89%9.49%6.23%
Market Price Return25.23%27.64%10.71%13.32%5.60%8.89%5.67%
Lipper Large-Cap Core Average13.49%17.65%9.12%12.88%6.55%9.14%6.46%

Fund Performance as of 10/31/2017

 YTD*1 Year3 Year5 Year10 Year15 Year20 Year
NAV Return18.17%23.83%9.24%13.82%5.94%9.01%6.52%
Market Price Return27.72%34.22%10.87%14.30%5.69%8.57%6.22%
Lipper Large-Cap Core Average15.86%22.24%9.15%13.73%6.58%8.82%6.78%
Liberty All-Star Growth Fund - Performance

Fund Performance as of 09/30/2017

 YTD*1 Year3 Year5 Year10 Year15 Year
NAV Return21.77%22.82%11.81%13.74%7.60%10.32%
Market Price Return33.45%32.17%12.75%14.49%7.88%9.93%
Lipper Multi-Cap Growth Average20.41%19.92%9.81%13.45%7.35%10.47%

Fund Performance as of 10/31/2017

 YTD*1 Year3 Year5 Year10 Year15 Year
NAV Return24.21%31.04%11.03%14.81%7.24%9.72%
Market Price Return42.89%48.95%14.08%17.14%8.17%9.98%
Lipper Multi-Cap Growth Average24.26%27.44%10.04%14.82%7.24%10.19%
*Cumulative Total Return

Returns for the Funds and the Averages are total returns, which include dividends, after deducting fund expenses. The Funds performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Funds rights offerings.

Past performance cannot predict future 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. An investment in the Fund involves risk, including loss of principal.