Semi-annual report and unaudited financial statements (Report dedicated for the Singapore market) for the period ended September 30, 2010 The accompanying notes form an integral part of these financial statements. <strong>ING</strong> INVESTMENT MANAGEMENT <strong>ING</strong> (L) Renta Fund - Euro (Denominated in EUR) 43 <strong>ING</strong> (L) <strong>RENTA</strong> <strong>FUND</strong> ������������������������������������������������������������������������������������������������������������������������������������ Securities portfolio as at 30/09/2010 Quantity/ Nominal Name 485,000 BASF FIN EUROPE 5% 07-26/09/2014 EUR 536,104.46 0.06 575,000 BMW FINCE NV 4.875% 07-18/10/2012 EUR 609,017.00 0.07 755,000 COCA-COLA HBC BV 4.375% 04-15/07/2011 EUR 767,729.34 0.09 2,398,000 DAIMLERCHRYSLER 7% 01-21/03/2011 EUR 2,455,432.03 0.27 1,130,000 DEUTSCHE TEL FIN 8.125% 02-29/05/2012 EUR 1,241,576.21 0.14 500,000 E.ON INTL FIN BV 5.75% 08-07/05/2020 EUR 602,365.04 0.07 655,000 E.ON INTL FIN 5.125% 07-02/10/2012 EUR 697,601.19 0.08 500,000 E.ON INTL FIN 5.125% 08-07/05/2013 EUR 540,745.01 0.06 2,250,000 GENERALI FINANCE 06-29/06/2049 SR EUR 2,025,000.00 0.23 2,811,000 <strong>ING</strong> BANK NV 04-15/03/2019 SR EUR 2,866,995.04 0.32 1,425,000 <strong>ING</strong> GROEP NV 05-29/06/2049 SR EUR 1,190,587.54 0.13 1,000,000 KPN NV 3.75% 10-21/09/2020 EUR 1,003,620.00 0.11 30,000,000 NETHERLANDS GOVT 3.25% 05-15/07/2015 EUR 32,230,801.50 3.57 4,000,000 NETHERLANDS GOVT 4.5% 07-15/07/2017 EUR 4,607,839.96 0.51 3,000,000 NETHERLANDS GOVT 5.5% 98-15/01/2028 EUR 4,063,679.82 0.45 565,000 REPSOL INTL FIN 4.625% 04-08/10/2014 EUR 598,035.55 0.07 1,500,000 RWE FINANCE BV 6.625% 08-31/01/2019 EUR 1,884,735.03 0.21 790,000 TELEFONICA EUROP 5.125% 03-14/02/2013 EUR 836,973.46 0.09 960,000 TELEFONICA EUROP 5.875% 03-14/02/2033 EUR 1,081,785.65 0.12 1,450,000 TENNET BV 4.5% 10-09/02/2022 EUR 1,601,626.51 0.18 800,000 UNILEVER NV 4.875% 08-21/05/2013 EUR 862,815.98 0.10 64,668,847.27 7.19 United States Currency Market value in EUR % NAV 1,550,000 AMER INTL GROUP 4% 06-20/09/2011 EUR 1,549,426.45 0.17 1,700,000 AMERICAN GENL FIN 4.125% 06-29/11/2013 EUR 1,426,408.80 0.16 1,450,000 AT&T INC 6.125% 08-02/04/2015 EUR 1,679,694.54 0.19 1,355,000 BANK OF AMER CRP 04-06/05/2019 SR EUR 1,355,000.00 0.15 1,550,000 BANK OF AMER CRP 06-28/03/2018 SR EUR 1,495,750.00 0.17 2,268,000 BNP PARIBAS VI 03-29/01/2049 SR EUR 2,233,980.00 0.25 1,000,000 CARGILL 4.375% 06-29/04/2013 EUR 1,055,480.04 0.12 800,000 CARGILL 4.875% 07-29/05/2017 EUR 885,807.98 0.10 1,376,000 CITIGROUP 04-10/02/2019 SR EUR 1,341,600.00 0.15 2,230,000 CITIGROUP 3.95% 06-10/10/2013 EUR 2,287,043.20 0.25 1,990,000 CS GRP FIN (US) 05-14/09/2020 SR EUR 2,006,119.10 0.22 985,000 DOW CHEMICAL 4.625% 04-27/05/2011 EUR 997,775.42 0.11 1,920,000 GEN ELEC CAP CRP 06-15/09/2066 SR EUR 1,560,000.00 0.17 2,115,000 GOLDMAN SACHS GP 4.75% 06-12/10/2021 EUR 2,042,920.86 0.23 2,267,000 GOLDMAN SACHS 5.125% 07-16/10/2014 EUR 2,398,644.51 0.27 820,000 GOLDMAN SACHS 6.375% 08-02/05/2018 EUR 917,678.42 0.10 1,310,000 HSBC FINANCE CRP 3.75% 05-04/11/2015 EUR 1,352,941.90 0.15 500,000 HSBC FINANCE CRP 4.875% 07-30/05/2017 EUR 541,790.01 0.06 1,728,000 INTESABCI CAPITA 01-29/07/2049 SR EUR 1,728,000.00 0.19 600,000 JOHNSON-JOHNSON 4.75% 07-06/11/2019 EUR 697,668.05 0.08 700,000 JP MORGAN CHASE 06-30/11/2021 FRN EUR 701,162.00 0.08 1,950,000 JP MORGAN CHASE 06-31/03/2018 SR EUR 1,962,226.32 0.22 850,000 JP MORGAN CHASE 5.25% 08-08/05/2013 EUR 913,019.08 0.10 1,800,000 KRAFT FOODS INC 5.75% 08-20/03/2012 EUR 1,895,777.98 0.21 1,600,000 MET LIFE GLOB 4.625% 07-16/05/2017 EUR 1,704,896.00 0.19 1,500,000 PHILIP MORRIS IN 5.75% 09-24/03/2016 EUR 1,738,875.05 0.19 1,380,000 PROCTER & GAMBLE 4.5% 07-12/05/2014 EUR 1,496,720.30 0.17 2,530,000 PROCTER & GAMBLE 4.875% 07-11/05/2027 EUR 2,926,324.73 0.32 450,000 PROCTER & GAMBLE 5.125% 07-24/10/2017 EUR 522,188.96 0.06 1,500,000 ROCHE HLDGS INC 5.625% 09-04/03/2016 EUR 1,734,690.06 0.19 1,829,728 SLMA STUDENT LOAN TRUST SERIES 2002 -7X A5 2021 EUR 1,774,836.00 0.20 2,630,000 UNICREDITO ITALI 05-29/10/2049 SR EUR 2,196,050.00 0.24 500,000 WAL-MART STORES 4.875% 09-21/09/2029 EUR 572,205.01 0.06 900,000 WELLS FARGO CO 4.125% 06-03/11/2016 EUR 953,334.03 0.11 2,500,000 WM COVERED BOND 07/2014 4 3/8% EUR 2,639,324.95 0.29 53,285,359.75 5.92 Quantity/ Nominal Name United Kingdom Currency Market value in EUR % NAV 440,000 ASTRAZENECA PLC 4.625% 07-12/11/2010 EUR 441,324.41 0.05 1,740,000 AVIVA PLC 03-02/10/2023 SR EUR 1,757,400.00 0.20 415,000 AVIVA PLC 08-22/05/2038 FRN EUR 427,450.00 0.05 1,140,000 BARCLAYS BK PLC 04-04/03/2019 SR EUR 1,161,705.59 0.13 900,000 BARCLAYS BK PLC 4% 10-20/01/2017 EUR 939,609.01 0.10 2,000,000 BARCLAYS BK PLC 4.875% 09-13/08/2019 EUR 2,188,519.90 0.24 1,450,000 BARCLAYS BK PLC 6% 10-14/01/2021 EUR 1,544,989.54 0.17 750,000 BAT INTL FINANCE BATSLN 5.375% 07- 29/06/2017 EUR 856,072.54 0.10 1,596,000 BAT INTL FINANCE 4.875% 09-24/02/2021 EUR 1,786,482.57 0.20 10,000,000 CHESTER ASSET 11 6.125% 00-15/12/2010 EUR 10,010,900.90 1.10 788,000 HBOS PLC 05-18/03/2030 SR EUR 611,361.92 0.07 6,900,000 HBOS TSY SRVCS 4.5% 03-23/10/2013 EUR 7,265,079.00 0.81 1,817,000 LEGAL & GENL 05-08/06/2025 SR EUR 1,662,555.00 0.18 782,000 LLOYDS TSB BANK 6.25% 09-15/04/2014 EUR 855,288.99 0.10 5,000,000 NATIONWIDE BLDG 3.875% 06-05/12/2013 EUR 5,191,849.90 0.58 2,900,000 NORTHERN ROCK 3.625% 05-20/04/2015 EUR 2,870,651.97 0.32 1,669,000 ROYAL BK SCOTLAND 04-22/09/2021 SR EUR 1,510,061.08 0.17 520,000 ROYAL BK SCOTLAND 5.25% 08-15/05/2013 EUR 546,655.19 0.06 1,500,000 VODAFONE GROUP 3.625% 05-29/11/2012 EUR 1,553,429.94 0.17 Belgium 43,181,387.45 4.80 8,500,000 BELGIUM OLO 4% 07-28/03/2017 EUR 9,224,625.17 1.03 18,700,000 BELGIUM OLO 4% 08-28/03/2018 EUR 20,283,517.87 2.26 1,500,000 BELGIUM OLO 5% 01-28/09/2011 EUR 1,558,949.90 0.17 600,000 BELGIUM OLO 5% 04-28/03/2035 EUR 733,908.05 0.08 7,000,000 FLEMISH COMMUNITY 2.75% 09-30/03/2012 EUR 7,120,259.65 0.79 308,000 FORTIS BNK 5.757% 07-04/10/2017 EUR 346,940.46 0.04 2,500,000 INBEV NV 4% 10-26/04/2018 EUR 2,644,000.05 0.29 Ireland 41,912,201.15 4.66 4,200,000 AIB MORTGAGE BNK 3.75% 06-30/04/2013 EUR 3,948,125.92 0.44 500,000 ALLIED IRISH BKS 12.5% 09-25/06/2019 EUR 485,000.00 0.05 1,306,000 BANK OF IRELAND 10% 10-12/02/2020 EUR 1,250,495.00 0.14 640,000 GE CAP EUR <strong>FUND</strong> 4.35% 06-03/11/2021 EUR 648,006.35 0.07 1,400,000 GE CAP EUR <strong>FUND</strong> 4.625% 07-22/02/2027 EUR 1,427,257.99 0.16 1,900,000 GE CAP EUR <strong>FUND</strong> 4.875% 08-06/03/2013 EUR 2,009,572.96 0.22 520,000 GE CAP EUR <strong>FUND</strong> 5.25% 08-18/05/2015 EUR 571,500.84 0.06 3,000,000 GERMAN POST PENS 2.75% 05-18/01/2011 EUR 3,014,219.97 0.33 2,000,000 GERMAN POST PENS 3.75% 05-18/01/2021 EUR 2,104,140.02 0.23 3,500,000 IRISH GOVT 5.4% 09-13/03/2025 EUR 3,064,599.93 0.34 4,250,000 IRISH GOVT 5.9% 09-18/10/2019 EUR 4,096,320.13 0.47 1,207,000 TRANSNEFT 5.381% 07-27/06/2012 EUR 1,254,073.02 0.14 Austria 23,873,312.13 2.65 3,000,000 ASFINAG 3.125% 05-06/10/2015 EUR 3,132,420.03 0.34 2,000,000 PFANDBRIEF OST L-HYPO 5.5% 02- 02/04/2012 EUR 2,116,139.84 0.24 10,250,000 REP OF AUSTRIA 4.35% 08-15/03/2019 EUR 11,574,402.30 1.28 1,000,000 REP OF AUSTRIA 6.25% 97-15/07/2027 EUR 1,399,660.03 0.16 Supranational - Multinational 18,222,622.20 2.02 2,000,000 EURO COMMUNITY 3.25% 08-09/12/2011 EUR 2,053,240.06 0.23 4,400,000 EUROFIMA 4.375% 04-21/10/2019 EUR 4,932,928.00 0.55 5,000,000 EUROPEAN INVT BK 4% 05-15/10/2037 EUR 5,571,900.20 0.62 12,558,068.26 1.40
<strong>ING</strong> (L) <strong>RENTA</strong> <strong>FUND</strong> Semi-annual report and unaudited financial statements (Report dedicated for the Singapore market) for the period ended September 30, 2010 ������������������������������������������������������������������������������������������������������������������������������������ Securities portfolio as at 30/09/2010 Quantity/ Nominal Canada 10,000,000 QUEBEC PROVINCE 4.75% 08-29/04/2018 EUR 11,424,499.50 1.27 400,000 XSTRATA CAN FIN 6.25% 08-27/05/2015 EUR 446,436.04 0.05 11,870,935.54 1.32 Luxembourg 500,000 ARCELORMITTAL 9.375% 09-03/06/2016 EUR 620,509.99 0.07 1,900,000 ENEL FIN INTL SA 5% 09-14/09/2022 EUR 2,084,850.79 0.23 2,000,000 EUROPEAN INVT BK 4.625% 04-15/04/2020 EUR 2,326,519.92 0.26 250,000 GAZPROM 6.605% 07-13/02/2018 EUR 272,187.50 0.03 300,000 GLENCORE FINANCE 5.25% 10-22/03/2017 EUR 301,950.01 0.03 405,000 HOLCIM FINANCE L 4.375% 04-09/12/2014 EUR 426,059.96 0.05 800,000 HOLCIM FINANCE 9% 09-26/03/2014 EUR 955,280.03 0.11 1,500,000 NOVARTIS FINANCE 4.25% 09-15/06/2016 EUR 1,649,684.94 0.18 690,000 OLIVETTI FINANCE 7.25% 02-24/04/2012 EUR 738,424.13 0.08 740,000 SYNGENTA LUX FIN 4.125% 05-22/04/2015 EUR 797,860.60 0.09 10,173,327.87 1.13 Portugal 10,000,000 PORTUGUESE OTS 4.35% 07-16/10/2017 EUR 9,256,199.60 1.03 9,256,199.60 1.03 Switzerland 1,309,000 UBS AG JERSEY 04-16/09/2019 SR EUR 1,368,533.37 0.15 1,400,000 UBS AG LONDON 3.5% 10-15/07/2015 EUR 1,438,080.01 0.16 1,280,000 UBS AG LONDON 6% 08-18/04/2018 EUR 1,491,187.11 0.17 3,219,000 UBS PREFERRED 05-29/04/2049 SR EUR 2,832,720.00 0.31 7,130,520.49 0.79 Hungary 4,000,000 REP OF HUNGARY 4.375% 07-04/07/2017 EUR 3,730,000.00 0.41 3,730,000.00 0.41 Denmark 2,173,000 DANSKE BANK A/S 07-29/05/2049 SR EUR 2,020,890.00 0.23 560,000 DONG A/S 05-29/06/2015 SR EUR 564,200.04 0.06 2,585,090.04 0.29 Jersey 2,568,000 HSBC CAP <strong>FUND</strong><strong>ING</strong> 03-29/10/2049 SR EUR 2,465,280.00 0.27 2,465,280.00 0.27 Cayman Islands 360,000 BCP FINANCE BANK 6.25% 01-29/03/2011 EUR 360,194.40 0.04 970,000 BCP FINANCE CO 05-29/10/2049 SR EUR 679,000.00 0.08 650,000 HUTCH WHAM INTL 4.75% 09-14/11/2016 EUR 690,910.99 0.08 700,000 VOTO-VOTORANTIM 5.25% 10-28/04/2017 EUR 711,200.04 0.07 2,441,305.43 0.27 Sweden 1,788,000 VOLVO TREASURY 5% 07-31/05/2017 EUR 1,886,643.80 0.21 1,886,643.80 0.21 Guernsey 1,567,000 CRED SUISSE CAP 01-29/11/2049 SR EUR 1,578,752.63 0.18 1,578,752.63 0.18 Australia Name 580,000 TELSTRA CORP LTD 4.75% 07-21/03/2017 EUR 640,691.23 0.07 650,000 TELSTRA CORP LTD 6.375% 01-29/06/2011 EUR 672,073.97 0.08 1,312,765.20 0.15 The accompanying notes form an integral part of these financial statements. <strong>ING</strong> (L) Renta Fund - Euro (Denominated in EUR) Currency Market value in EUR % NAV Quantity/ Nominal Finland 630,000 FORTUM OYJ 4.5% 06-20/06/2016 EUR 692,842.54 0.07 505,000 FORTUM OYJ 4.625% 03-19/11/2010 EUR 506,939.17 0.06 1,199,781.71 0.13 Mexico 1,000,000 AMERICA MOVIL SA 4.75% 10-28/06/2022 EUR 1,069,139.94 0.12 1,069,139.94 0.12 Bermuda 700,000 BACARDI LTD 7.75% 09-09/04/2014 EUR 809,353.96 0.09 809,353.96 0.09 Brazil 650,000 VALE SA 4.375% 10-24/03/2018 EUR 671,956.99 0.07 671,956.99 0.07 827,179,256.30 91.93 Other transferable securities and money market instruments United Kingdom Shares 5,000 WESTLB NY CAP INV EUR 2,548,100.00 0.28 2,548,100.00 0.28 Italy Name Bonds and other debt instruments 2,548,100.00 0.28 10,500,000 ITALY BTPS 4% 10-01/09/2020 EUR 10,667,160.32 1.19 10,667,160.32 1.19 Undertakings for collective investment Luxembourg Currency Market value in EUR % NAV 10,667,160.32 1.19 252 <strong>ING</strong> (L) Liquid - Euro A CAP EUR 308,223.32 0.03 308,223.32 0.03 308,223.32 0.03 Total securities portfolio 840,721,959.94 93.43 Financial derivative instruments as at 30/09/2010 Quantity Name Currency Futures on interest rates Commitment in EUR 177 EURO BUXL 30Y BONDS FUTURE 08/12/2010 EUR 21,144,420.00 (42,224.24) 302 EURO-BOBL FUTURE 08/12/2010 EUR 36,424,220.00 (99,660.00) (7) EURO-BUND FUTURE 08/12/2010 EUR 920,010.00 (5,315.97) (529) EURO-SCHATZ FUTURE 08/12/2010 EUR 57,705,965.00 216,890.00 116,194,615.00 Unrealized profit or (loss) in EUR 69,689.79 44 <strong>ING</strong> INVESTMENT MANAGEMENT
Change language