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

ING (L) RENTA FUND Semi-annual report and unaudited financial statements
(Report dedicated for the Singapore market)
for the period ended September 30, 2010
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Securities portfolio as at 30/09/2010
Quantity/
Nominal
Transferable securities and money market instruments listed on
an official stock exchange
Jersey
Shares
20 FORTIS CAP CO 6.25% 99-29/06/2049 FRN EUR 19,220.00 0.00
19,220.00 0.00
Bonds and other debt instruments
Germany
Name
The accompanying notes form an integral part of these financial statements.
ING (L) Renta Fund - Euro
(Denominated in EUR)
Currency
Market value
in EUR
%
NAV
19,220.00 0.00
3,800,000 AAREAL HYP AG 3.25% 06-01/02/2011 EUR 3,823,483.85 0.42
3,564,000 ALLIANZ AG HLDG 04-28/02/2049 SR EUR 3,510,540.00 0.39
980,000 BAYER AG 6% 02-10/04/2012 EUR 1,042,867.01 0.12
810,000 BAYER HYPO-VEREI 6% 02-05/02/2014 EUR 868,968.05 0.10
2,000,000 BERLIN-HANN HYPO 4.5% 07-03/05/2019 EUR 2,282,240.00 0.25
14,500,000 BUNDESSCHATZANW 0.5% 10-15/06/2012 EUR 14,433,010.29 1.60
1,450,000 COMMERZBANK AG 06-13/09/2016 SR EUR 1,381,125.00 0.15
2,500,000 DEUT GENOS-HYPBK 3.25% 05-19/01/2012 EUR 2,560,625.08 0.28
800,000 DEUTSCHE BANK AG 4.875% 07-24/09/2012 EUR 846,799.93 0.09
10,200,000 DEUTSCHE PFANDBRIEFBANK 3% 05-
12/10/2012
EUR 10,404,714.41 1.16
4,000,000 DEUTSCHE POSTBANK 4.5% 08-27/05/2015 EUR 4,447,479.84 0.49
19,700,000 DEUTSCHLAND REP 3.75% 04-04/01/2015 EUR 21,654,830.41 2.41
13,000,000 DEUTSCHLAND REP 3.75% 08-04/01/2019 EUR 14,597,570.13 1.62
20,700,000 DEUTSCHLAND REP 4% 06-04/07/2016 EUR 23,313,375.00 2.60
200,000 DEUTSCHLAND REP 4.25% 04-04/07/2014 EUR 222,258.00 0.02
2,500,000 DEUTSCHLAND REP 4.25% 07-04/07/2039 EUR 3,170,775.23 0.35
19,200,000 DEUTSCHLAND REP 4.5% 03-04/01/2013 EUR 20,761,536.58 2.31
33,900,000 DEUTSCHLAND REP 5.625% 98-04/01/2028 EUR 46,754,543.03 5.21
200,000 DEUTSCHLAND REP 6% 86-20/06/2016 EUR 247,184.02 0.03
9,300,000 EUROHYPO AG 3.75% 06-11/04/2011 EUR 9,421,364.35 1.05
3,000,000 LANDBK HESSEN-TH 4.25% 04-30/12/2015 EUR 3,107,040.24 0.35
1,000,000 LANDESBK BERLIN 3.25% 05-15/06/2015 EUR 1,047,060.01 0.12
400,000 LB BADEN-WUERT 4.75% 03-30/12/2015 EUR 448,424.01 0.05
1,000,000 METRO AG 7.625% 09-05/03/2015 EUR 1,193,270.11 0.13
2,853,000 VOLKSWAGEN FIN 4.75% 04-19/07/2011 EUR 2,919,189.80 0.32
350,000 VOLKSWAGEN LEASING 4.875% 07-
18/10/2012
EUR 369,621.04 0.04
Italy
194,829,895.42 21.66
600,000 ATLANTIA 5% 04-09/06/2014 EUR 643,967.97 0.07
1,020,000 BANCO POPOLARE 07-29/06/2049 FRN EUR 793,050.00 0.09
700,000 BANCO POPOLARE 3.125% 10-10/09/2013 EUR 696,828.98 0.08
700,000 BANCO POPOLARE 5% 07-19/10/2010 EUR 700,567.01 0.08
1,908,000 ENEL (ENTNZENEL) 5.25% 07-20/06/2017 EUR 2,152,090.57 0.24
1,500,000 ENI SPA 4% 10-29/06/2020 EUR 1,562,910.00 0.17
250,000 ENI SPA 4.75% 07-14/11/2017 EUR 277,370.02 0.03
1,000,000 INTESA SANPAOLO 08-28/05/2018 FRN EUR 1,033,649.90 0.11
300,000 INTESA SANPAOLO 10-01/06/2049 FRN EUR 307,124.98 0.03
900,000 INTESA SANPAOLO 5% 08-28/04/2011 EUR 916,892.99 0.10
8,500,000 ITALY BTPS 3.75% 05-01/08/2015 EUR 8,878,249.75 0.99
12,500,000 ITALY BTPS 3.75% 06-01/08/2016 EUR 13,033,623.75 1.45
6,000,000 ITALY BTPS 3.75% 08-01/02/2011 EUR 6,051,720.00 0.67
20,000,000 ITALY BTPS 4.25% 07-15/10/2012 EUR 20,888,200.40 2.33
20,000,000 ITALY BTPS 4.5% 08-01/08/2018 EUR 21,438,400.20 2.39
14,000,000 ITALY BTPS 5% 03-01/08/2034 EUR 14,613,901.40 1.62
820,000 ITALY BTPS 5.75% 02-01/02/2033 EUR 936,653.18 0.10
14,000,000 ITALY BTPS 6.5% 97-01/11/2027 EUR 17,228,259.72 1.91
Quantity/
Nominal
Name
Currency
Market value
in EUR
%
NAV
1,900,000 SANPAOLO IMI 05-02/03/2020 SR EUR 1,870,264.96 0.21
Spain
114,023,725.78 12.67
5,000,000 AYT CEDCAJAS FIP 4% 06-20/12/2016 EUR 4,598,249.80 0.51
1,500,000 AYT CEDULAS CAJA 3.5% 05-14/03/2016 EUR 1,357,724.99 0.15
8,500,000 AYT CEDULAS CAJA 3.5% 06-14/03/2011 EUR 8,460,389.75 0.94
1,000,000 AYT CEDULAS CAJA 3.75% 05-30/06/2025 EUR 732,379.99 0.08
1,500,000 BANCO BILBAO VIZ 03-12/11/2015 SR EUR 1,485,960.05 0.17
4,600,000 BANCO POP ESPANL 3% 05-18/10/2012 EUR 4,541,718.09 0.50
3,000,000 BANCO SANTANDER 2.5% 05-28/01/2011 EUR 3,001,620.03 0.33
4,000,000 BANESTO EMISION 04-23/03/2016 SR EUR 3,922,080.08 0.44
13,000,000 BANESTO SA 4.25% 04-16/09/2014 EUR 13,234,649.09 1.47
1,450,000 BBVA INTL PREF 09-29/10/2049 FRN EUR 1,497,125.00 0.17
2,600,000 CEDULAS TDA 6 3.875% 05-23/05/2025 EUR 1,917,551.97 0.21
1,700,000 GAS NATURAL FIN 5.25% 09-09/07/2014 EUR 1,791,970.07 0.20
2,000,000 LA CAIXA 3.25% 05-05/10/2015 EUR 1,929,219.98 0.21
550,000 SANTANDER ISSUAN 07-24/10/2017 FRN EUR 561,610.54 0.06
22,000,000 SPANISH GOVT 2.75% 09-30/04/2012 EUR 22,209,217.58 2.48
12,000,000 SPANISH GOVT 3.8% 06-31/01/2017 EUR 12,161,039.40 1.35
15,500,000 SPANISH GOVT 4% 10-30/04/2020 EUR 15,431,954.54 1.72
5,500,000 SPANISH GOVT 4.7% 09-30/07/2041 EUR 5,260,969.95 0.58
15,182 SPANISH GOVT 4.75% 98-30/07/2014 EUR 16,240.48 0.00
530,000 TELEFONICA EMIS 3.75% 06-02/02/2011 EUR 532,114.71 0.06
1,214,000 TELEFONICA EMIS 4.375% 06-02/02/2016 EUR 1,264,356.84 0.14
France
105,908,142.93 11.77
880,000 AXA SA 00-15/12/2020 SR EUR 880,000.00 0.10
1,135,000 AXA SA 06-29/07/2049 SR EUR 1,015,825.00 0.11
400,000 BNP PARIBAS 5.431% 07-07/09/2017 EUR 461,448.00 0.05
1,000,000 CAISSE AMORT DET 4% 04-25/10/2019 EUR 1,098,289.95 0.12
950,000 CARREFOUR SA 5.125% 07-10/10/2014 EUR 1,052,429.05 0.12
700,000 CASINO GUICHARD 5.50% 09-30/01/2015 EUR 770,070.01 0.09
5,000,000 CIE FIN FONCIER 3.625% 06-16/01/2012 EUR 5,135,549.95 0.57
2,000,000 CIE FIN FONCIER 4.75% 07-25/06/2015 EUR 2,210,220.04 0.25
7,000,000 CIE FIN FONCIER 5.375% 01-02/03/2013 EUR 7,582,469.93 0.84
5,000,000 CIF EUROMORTGAGE 3.25% 04-01/12/2011 EUR 5,107,500.10 0.57
1,000,000 CREDIT LOGEMENT 06-29/03/2049 SR EUR 836,269.99 0.09
2,500,000 DOMOS SERIES 2000-1 A4 12/2029 EUR 2,664,422.50 0.30
1,300,000 ELEC DE FRANCE 6.25% 09-25/01/2021 EUR 1,614,639.04 0.18
4,200,000 ELECTRA SERIES 1 A4 11/2020 EUR 4,492,908.00 0.50
20,000,000 FRANCE O.A.T. 3.5% 10-25/04/2020 EUR 21,423,399.40 2.37
12,500,000 FRANCE O.A.T. 3.75% 09-25/10/2019 EUR 13,675,375.00 1.51
8,000,000 FRANCE O.A.T. 4.75% 04-25/04/2035 EUR 10,035,839.84 1.12
380,000 FRANCE TELECOM 3.625% 05-14/10/2015 EUR 401,910.80 0.04
1,184,000 FRANCE TELECOM 4.75% 07-21/02/2017 EUR 1,316,004.18 0.15
2,760,000 FRANCE TELECOM 7.25% 03-28/01/2013 EUR 3,088,605.77 0.34
570,000 FRANCE TELECOM 8.125% 03-28/01/2033 EUR 855,074.10 0.10
1,700,000 GDF SUEZ 6.875% 08-24/01/2019 EUR 2,177,190.12 0.24
900,000 GIE SUEZ ALLIANC 5.75% 03-24/06/2023 EUR 1,064,798.97 0.12
715,000 PPR SA 5.25% 04-29/03/2011 EUR 725,467.58 0.08
1,150,000 SANOFI-AVENTIS 4.125% 09-11/10/2019 EUR 1,243,276.50 0.14
1,900,000 SCHNEIDER ELEC 3.625% 10-20/07/2020 EUR 1,976,399.08 0.22
950,000 ST GOBAIN 4.25% 06-31/05/2011 EUR 962,577.97 0.11
310,000 ST GOBAIN 4.75% 07-11/04/2017 EUR 329,402.91 0.04
1,806,000 VEOLIA ENVRNMT 4% 05-12/02/2016 EUR 1,917,412.12 0.21
370,000 VEOLIA ENVRNMT 5.375% 03-28/05/2018 EUR 419,864.86 0.05
Netherlands
96,534,640.76 10.73
1,000,000 AKZO NOBEL NV 7.25% 09-27/03/2015 EUR 1,183,470.00 0.13
1,100,000 ALLIANZ FINANCE 4% 06-23/11/2016 EUR 1,180,310.95 0.13
42 ING INVESTMENT MANAGEMENT