ING (L) RENTA FUND - ING Investment Management, Asia Pacific

Semi-annual report and unaudited financial statements
(Report dedicated for the Singapore market)
for the period ended September 30, 2010
ING (L) Renta Fund - Emerging Markets Debt (Hard Currency)
(Denominated in USD)
The accompanying notes form an integral part of these financial statements.
ING INVESTMENT MANAGEMENT
25
ING (L) RENTA FUND
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Securities portfolio as at 30/09/2010
Quantity/
Nominal
26,784,000 CROATIA 6.625% 10-14/07/2020 USD 28,926,720.00 2.00
40,904,984.80 2.83
Russia
15,660,000 RUSSIA 12.75% 98-24/06/2028 USD 28,501,200.00 1.97
7,697,000 RUSSIAN FEDERATION 00-31/03/2030 SR USD 9,191,757.40 0.64
37,692,957.40 2.61
Colombia
5,000,000 COLOMBIA REP OF 11.75% 00-25/02/2020 USD 7,850,000.00 0.54
1,000,000 COLOMBIA REP OF 6.125% 09-18/01/2041 USD 1,145,000.00 0.08
3,600,000 COLOMBIA REP OF 7.375% 06-18/09/2037 USD 4,743,000.00 0.33
17,495,000 COLOMBIA REP OF 8.125% 04-21/05/2024 USD 23,487,037.50 1.63
37,225,037.50 2.58
Uruguay
14,247,256 URUGUAY 7.625% 06-21/03/2036 USD 18,378,960.24 1.27
12,615,652 URUGUAY 7.875% 03-15/01/2033 USD 16,558,043.25 1.15
1,333,624 URUGUAY 8% 05-18/11/2022 USD 1,713,706.84 0.12
36,650,710.33 2.54
Ireland
2,245,000 ALFA BANK 07-22/02/2017 SR USD 2,246,126.99 0.16
26,885,000 VEB FINANCE 6.902% 10-09/07/2020 USD 29,371,862.50 2.03
3,200,000 VIMPELCOM 9.125% 08-30/04/2018 USD 3,656,000.00 0.25
35,273,989.49 2.44
Venezuela
12,900,000 PETROLEOS DE VEN 5% 09-28/10/2015 USD 7,417,500.00 0.51
27,500,000 PETROLEOS DE VEN 5.25% 07-12/04/2017 USD 15,950,000.00 1.12
9,600,000 VENEZUELA 9% 08-07/05/2023 USD 6,528,000.00 0.45
5,220,000 VENEZUELA 9.25% 08-07/05/2028 USD 3,533,940.00 0.24
33,429,440.00 2.32
Peru
5,926,000 BANCO CRED PERU 5.375% 10-16/09/2020 USD 5,985,260.00 0.41
18,407,000 REPUBLIC OF PERU 8.75% 03-21/11/2033 USD 27,380,412.50 1.90
33,365,672.50 2.31
Qatar
5,570,000 QATAR STATE OF 6.4% 09-20/01/2040 USD 6,628,300.00 0.46
3,735,000 QATAR STATE OF 9.75% 00-15/06/2030 USD 5,919,975.00 0.41
17,700,000 QATARI DIAR FIN 5% 10-21/07/2020 USD 18,583,938.00 1.29
31,132,213.00 2.16
Lithuania
Name
14,265,000 LITHUANIA 5.125% 10-14/09/2017 USD 14,122,350.00 0.98
9,867,000 LITHUANIA 6.75% 09-15/01/2015 USD 10,690,894.50 0.74
3,000,000 LITHUANIA 7.375% 10-11/02/2020 USD 3,352,500.00 0.23
28,165,744.50 1.95
South Africa
4,350,000 SOUTH AFRICA 5.5% 10-09/03/2020 USD 4,861,125.00 0.34
9,385,000 SOUTH AFRICA 5.875% 07-30/05/2022 USD 10,792,750.00 0.75
3,090,000 SOUTH AFRICA 6.875% 09-27/05/2019 USD 3,777,525.00 0.26
19,431,400.00 1.35
United States
Currency
Market value
in USD
%
NAV
12,575,000 PEMEX MASTER TR 5.75% 08-01/03/2018 USD 13,781,357.48 0.96
2,000,000 PEMEX MASTER TR 6.25% 03-05/08/2013 EUR 2,955,658.00 0.20
16,737,015.48 1.16
Quantity/
Nominal
Name
Trinidad and Tobago
Currency
Market value
in USD
%
NAV
10,733,000 PETROTRIN 6% 07-08/05/2022 USD 10,974,492.50 0.76
4,243,000 PETROTRIN 9.75% 09-14/08/2019 USD 5,197,675.00 0.36
United Kingdom
16,172,167.50 1.12
5,600,000 CITY OF KIEV (CREDIT SUISSE) 8% 05-
06/11/2015
USD 5,040,000.00 0.35
5,735,000 EXIM UKRAINE (CSFB INTL) 7.65% 06-
07/09/2011
USD 5,806,687.50 0.40
5,000,000 UKREXIMBANK 8.375% 10-27/04/2015 USD 5,125,000.00 0.36
Bosnia and Herzegovina
15,971,687.50 1.11
29,491,367 BOSNIA & HERZEG 97-11/12/2021 SR DEM 15,027,368.46 1.04
Panama
15,027,368.46 1.04
4,113,000 PANAMA (REP OF) 6.70% 06-21/01/2026 USD 5,048,707.50 0.36
3,300,000 PANAMA (REP OF) 7.125% 05-29/01/2026 USD 4,191,000.00 0.29
3,700,000 PANAMA REP OF 8.125% 04-28/04/2034 USD 4,976,500.00 0.34
Bermuda
14,216,207.50 0.99
7,575,000 COMM BANK QATAR 7.5% 09-18/11/2019 USD 8,668,678.50 0.60
4,190,000 NOBLE GROUP LTD 6.75% 09-29/01/2020 USD 4,512,630.00 0.31
Bahrain
13,181,308.50 0.91
11,600,000 BAHRAIN 5.5% 10-31/03/2020 USD 12,152,508.00 0.84
Cyprus
12,152,508.00 0.84
10,600,000 ALFA MTN INVEST 9.25% 08-24/06/2013 USD 11,421,500.00 0.79
Viet Nam
11,421,500.00 0.79
10,096,000 VIETNAM (REP OF) 6.75% 10-29/01/2020 USD 11,130,840.00 0.77
South Korea
11,130,840.00 0.77
2,575,000 KOREA NATIONAL O 5.375% 09-30/07/2014 USD 2,804,723.48 0.19
3,360,000 REP OF KOREA 7.125% 09-16/04/2019 USD 4,280,871.84 0.30
Virgin Islands
7,085,595.32 0.49
6,179,000 GERDAU SA 5.75% 10-30/01/2021 USD 6,254,062.49 0.43
United Arab Emirates
6,254,062.49 0.43
4,690,000 EMRT ABU DHABI 6.75% 09-08/04/2019 USD 5,696,005.00 0.39
Kazakhstan
5,696,005.00 0.39
4,357,000 KAZATOMPROM 6.25% 10-20/05/2015 USD 4,705,560.00 0.33
Ghana
4,705,560.00 0.33
3,900,000 GHANA REP OF 8.5% 07-04/10/2017 USD 4,451,850.00 0.31
4,451,850.00 0.31