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
Belgium
650,000 INBEV NV 4% 10-26/04/2018 EUR 687,440.01 0.28
575,000 INBEV NV 7.375% 09-30/01/2013 EUR 642,280.73 0.25
500,000 INBEV NV 8.625% 09-30/01/2017 EUR 658,130.04 0.26
1,987,850.78 0.79
Mexico
300,000 AMERICA MOVIL SA 3.75% 10-28/06/2017 EUR 307,883.97 0.12
1,500,000 AMERICA MOVIL SA 4.75% 10-28/06/2022 EUR 1,603,709.91 0.64
1,911,593.88 0.76
Jersey
1,940,000 HSBC CAP FUNDING 03-29/10/2049 SR EUR 1,862,400.00 0.74
1,862,400.00 0.74
Guernsey
1,405,000 CRED SUISSE CAP 01-29/11/2049 SR EUR 1,415,537.61 0.56
1,415,537.61 0.56
Virgin Islands
1,700,000 PCCW-HKT CAP NO4 4.25% 10-24/02/2016 USD 1,255,180.78 0.50
1,255,180.78 0.50
Canada
750,000 XSTRATA CAN FIN 5.875% 08-27/05/2011 EUR 767,707.50 0.31
300,000 XSTRATA CAN FIN 6.25% 08-27/05/2015 EUR 334,827.03 0.13
1,102,534.53 0.44
Portugal
900,000 BANCO TOTTA SA 3.75% 09-12/06/2012 EUR 902,438.96 0.36
902,438.96 0.36
Brazil
500,000 VALE SA 4.375% 10-24/03/2018 EUR 516,889.99 0.20
516,889.99 0.20
245,018,490.16 97.02
Other transferable securities and money market instruments
Bonds and other debt instruments
Denmark
Name
350,000 DANSKE BANK 03-20/06/2016 SR EUR 349,069.00 0.14
349,069.00 0.14
The accompanying notes form an integral part of these financial statements.
ING (L) Renta Fund - Eurocredit
(Denominated in EUR)
Currency
Market value
in EUR
%
NAV
349,069.00 0.14
Total securities portfolio 245,367,559.16 97.16
Financial derivative instruments as at 30/09/2010
Quantity
Name
Currency
Futures on interest rates
Commitment
in EUR
Unrealized
profit or (loss)
in EUR
64 EURO-BUND FUTURE 08/12/2010 EUR 8,411,520.00
53,760.00
(22) US LONG BOND FUTURE (CBT)
21/12/2010
USD 2,154,858.26
4,700.93
(17) US 10YR NOTE FUTURE (CBT)
21/12/2010
USD 1,569,584.59
(3,210.38)
Quantity Name
Currency Commitment
in EUR
Unrealized
profit or (loss)
in EUR
(4) US 2YR NOTE FUTURE (CBT)
31/12/2010
USD 643,083.43
(1,052.96)
(52) US 5YR NOTE FUTURE (CBT)
31/12/2010
USD 4,603,789.77
(30,799.08)
17,382,836.05
23,398.51
Quantity Name
Currency
Credit default swaps
Notional Market value
in EUR
2,000,000 HOLCIM CDS (INT) 20/09/2015 EUR 2,000,000.00 (63,037.96)
2,000,000 ITRAXX CDS 20/06/2015 (INT) EUR 2,000,000.00 46,176.40
5,000,000 SWAP (INT) BHP BILITON LTD USD 5,000,000.00
9,235.57
2,500,000 SWAP (INT) LAFARGE SA EUR 2,500,000.00 11,596.05
To receive
(%)
To pay
(%)
Maturity
Date
Currency
Interest rate swaps
Notional
3,970.06
Unrealized profit
or (loss)
in EUR
Floating 5.020 19/06/16 EUR 15,000,000.00 (2,389,596.92)
Floating 4.885 25/09/14 EUR 18,000,000.00 (2,148,569.12)
3.420 Floating 23/12/14 EUR 20,000,000.00 1,288,245.08
3.528 Floating 23/12/15 EUR 20,000,000.00 1,518,421.07
3.676 Floating 11/06/18 EUR
5,000,000.00 468,308.61
1.011 4.190 19/06/26 EUR
3,000,000.00 (493,108.16)
Floating 4.150 05/03/15 EUR 16,500,000.00 (1,607,944.24)
4.217 Floating 03/04/12 EUR
8,000,000.00 338,944.03
4.232 Floating 04/04/11 EUR
8,000,000.00 124,914.31
4.655 Floating 13/12/17 EUR
2,000,000.00 316,231.39
3.907 Floating 03/03/11 EUR 12,000,000.00 140,008.45
(2,444,145.50)
To receive To pay Maturity Commitment Unrealized
Date in EUR profit or (loss)
in EUR
Forward foreign exchange contracts
1,491,223.03 EUR 2,000,000.00 USD 30/12/10 1,491,223.03 24,134.61
5,142,143.54 EUR 6,930,000.00 USD 30/12/10 5,142,143.54 58,717.32
6,633,366.57
82,851.93
Total financial derivative instruments (2,333,925.00)
Summary of net assets
Total securities portfolio 245,367,559.16
%
NAV
97.16
Total financial derivative instruments (2,333,925.00) (0.92)
Cash at bank 11,942,572.03 4.73
Other assets and liabilities (2,430,241.67) (0.97)
Total net assets 252,545,964.52 100.00
60 ING INVESTMENT MANAGEMENT