ING (L) RENTA FUND - Fundsupermart.com

ING (L) RENTA FUND
ING (L) Renta Fund Asian Debt
(Denominated in USD)
Annual report and audited financial statements
(Sub-funds offered on the Hong Kong market)
for the year ended March 31, 2008
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
Securities portfolio as at 31/03/2008
Quantity/
Nominal
Name
250,000 CHINA TRUST COMM BANK 05-
29/03/2049 FRN
USD 227,117 1.21
464,306 2.47
India
100,000 ICICI BANK LTD 5.75% 07-
12/01/2012
USD 97,509 0.52
300,000 ICICI BANK LTD 6.625% 07-
03/10/2012
USD 297,671 1.58
395,180 2.10
Australia
350,000 LEIGHTON FIN 7.875% 06-
16/05/2011
USD 336,800 1.79
336,800 1.79
China
300,000 CHINA DEV BANK 4.75% 04-
08/10/2014
USD 301,908 1.61
301,908 1.61
Canada
300,000 SINO-FOREST CORP 9.125% 04-
17/08/2011
USD 288,000 1.53
288,000 1.53
Bermuda
100,000 ASIA ALUMINUM 8% 04-23/12/2011 USD 90,000 0.48
90,000 0.48
Other financial instruments
Currency Market value %
in USD NAV
17,939,681 95.44
Money market instruments
Singapore
500,000 SINGAPORE T-BILL 0% 07-
30/04/2008
SGD 341,609 1.82
341,609 1.82
To receive
To pay
Maturity
Date
Commitment
in USD
Unrealized
profit or (loss)
in USD
Forward foreign exchange contracts
8,046,000 INR 200,000 USD 07/04/08 200,000 359
636,600 MYR 200,000 USD 19/06/08 200,000 (1,242)
635,500 MYR 200,000 USD 22/04/08 200,000 (1,343)
958,950 MYR 300,000 USD 27/06/08 300,000 (619)
280,000 USD 268,268,000 KRW 12/06/08 280,000 8,987
380,000 USD 1,215,240 MYR 14/04/08 380,000 95
350,000 USD 3,337,250,000 IDR 23/04/08 350,000 (10,929)
550,000 USD 16,588,000 TWD 10/06/08 550,000 (3,805)
500,000 USD 1,632,000 MYR 22/04/08 500,000 (10,164)
500,000 USD 20,585,000 INR 19/06/08 500,000 (12,631)
(31,293)
Total financial derivative instruments (33,977)
Summary of net assets
%
NAV
Total securities portfolio 18,281,290 97.26
Total financial derivative instruments (33,977) (0.18)
Cash at bank 358,763 1.91
Other assets and liabilities 190,074 1.01
Total net assets 18,796,150 100.00
341,609 1.82
Total securities portfolio 18,281,290 97.26
Financial derivative instruments as at 31/03/2008
Quantity
Name
Currency Commitment Unrealized
in USD profit or (loss)
in USD
Futures on interest rates
3 KOREA T-BILL 3 YR 8%
KRW 326,552 1,878
17/06/2008
4 US 10YR NOTE FUT (CBT) USD 475,813 (2,125)
19/06/2008
18 US 5YR NOTE FUTURE (CBT) USD 2,056,219 (2,438)
30/06/2008
2,858,583
(2,684)
The accompanying notes form an integral part of these financial statements.
14 ING INVESTMENT MANAGEMENT