Liberty All-Star Equity Fund Performance

Fund Performance as of 12/31/2016

 YTD*1 Year3 Year5 Year10 Year15 Year20 Year
NAV Return9.14%9.14%5.56%12.54%5.20%5.70%6.68%
Market Price Return6.12%6.12%3.63%12.44%3.98%4.21%6.09%
Lipper Large-Cap Core Average0.00%10.04%6.84%13.14%6.14%6.06%7.07%

Fund Performance as of 01/31/2017

 YTD*1 Year3 Year5 Year10 Year15 Year20 Year
NAV Return2.28%20.00%7.49%11.66%5.29%6.00%6.50%
Market Price Return4.07%21.68%6.48%11.21%4.16%4.34%6.12%
Lipper Large-Cap Core Average1.78%18.23%8.80%12.55%6.16%6.31%6.91%
Liberty All-Star Growth Fund Performance

Fund Performance as of 12/31/2016

 YTD*1 Year3 Year5 Year10 Year15 Year
NAV Return4.76%4.76%3.69%12.12%7.34%5.86%
Market Price Return-0.60%-0.60%0.69%11.42%6.48%4.87%
Lipper Multi-Cap Growth Average0.00%2.81%4.71%12.49%6.80%6.32%

Fund Performance as of 01/31/2017

 YTD*1 Year3 Year5 Year10 Year15 Year
NAV Return4.04%23.61%5.83%11.67%7.45%6.33%
Market Price Return5.02%21.04%4.53%11.20%6.66%5.06%
Lipper Multi-Cap Growth Average3.96%16.01%6.84%11.93%6.98%6.75%
*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.