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
The accompanying notes form an integral part of these financial statements.
ING INVESTMENT MANAGEMENT
ING (L) Renta Fund - Global High Yield
(Denominated in EUR)
71
ING (L) RENTA FUND
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Securities portfolio as at 30/09/2010
Quantity/
Nominal
2,600,000 SMURFIT KAPPA AQ 7.75% 09-15/11/2019 EUR 2,717,000.00 0.57
5,293,266.31 1.12
Bermuda
Name
2,000,000 BW GROUP LTD 6.625% 07-28/06/2017 USD 1,490,755.93 0.31
950,000 CENT EURO MEDIA 07-15/05/2014 FRN EUR 731,500.00 0.16
900,000 CENT EURO MEDIA 11.625% 09-15/09/2016 EUR 891,000.00 0.19
1,700,000 CHINA ORIENTAL 8% 10-18/08/2015 USD 1,304,387.64 0.28
2,500,000 HANG FUNG GOLD 9.25% 07-17/10/2014
DFLT
USD 18,312.34 0.00
Thailand
4,435,955.91 0.94
800,000 BANGKOK BANK 9.025% 99-15/03/2029 USD 695,949.02 0.15
1,400,000 TRUE MOVE CO LTD 10.375% 07-01/08/2014 USD 1,084,456.49 0.23
1,540,000 TRUE MOVE CO LTD 10.75% 06-16/12/2013 USD 1,198,542.34 0.25
South Africa
2,978,947.85 0.63
400,000 CONSOL GLASS LTD 7.625% 07-15/04/2014 EUR 400,000.00 0.08
700,000 EDCON HOLDINGS 07-15/06/2015 FRN EUR 570,500.00 0.12
1,800,000 EDCON PROPRIET 07-15/06/2014 FRN EUR 1,512,000.00 0.33
Virgin Islands
2,482,500.00 0.53
2,150,000 CITIC RESOURCES 6.75% 07-15/05/2014 USD 1,639,823.84 0.35
850,000 STAR ENERGY GEOT 11.5% 10-12/02/2015 USD 698,890.27 0.15
Australia
2,338,714.11 0.50
500,000 LEIGHTON FIN 7.875% 06-16/05/2011 USD 372,205.90 0.08
1,700,000 SANTOS FINANCE 10-22/09/2070 FRN EUR 1,717,244.80 0.36
Croatia
2,089,450.70 0.44
1,955,000 AGROKOR 10% 09-07/12/2016 EUR 2,072,300.00 0.44
Hungary
2,072,300.00 0.44
1,150,000 MOL HUNGARIAN 5.875% 10-20/04/2017 EUR 1,091,338.50 0.23
Italy
1,091,338.50 0.23
400,000 SEAT PAGINE 10.5% 10-31/01/2017 EUR 371,000.00 0.08
371,000.00 0.08
368,759,057.49 78.34
Other transferable securities and money market instruments
United States
Shares
Currency
Market value
in EUR
%
NAV
4,032 NORTEK INC USD 118,136.54 0.03
118,136.54 0.03
118,136.54 0.03
Bonds and other debt instruments
United States
1,830,000 ALBERTSONS INC 7.45% 99-01/08/2029 USD 1,085,774.98 0.23
1,430,000 KAR HOLDINGS 8.75% 07-01/05/2014 USD 1,090,673.53 0.23
2,176,448.51 0.46
Quantity/
Nominal
Name
Netherlands
Currency
Market value
in EUR
%
NAV
1,075,000 HOLLANDWIDE 0% 09-01/08/2014 EUR 5,375.00 0.00
5,375.00 0.00
2,181,823.51 0.46
Undertakings for collective investment
Luxembourg
6,000 ING (L) INV RF Europ High Yield I CAP H EUR 30,875,340.00 6.56
30,875,340.00 6.56
30,875,340.00 6.56
Total securities portfolio 401,934,369.28 85.38
Financial derivative instruments as at 30/09/2010
To receive To pay Maturity Commitment Unrealized
Date in EUR profit or (loss)
in EUR
Forward foreign exchange contracts
181.54 CHF 181.85 USD 05/10/10
136.11
2.91
17.84 CHF 17.57 USD 05/10/10
13.38
0.51
17.76 CHF 17.57 USD 05/10/10
13.32
0.45
16.33 CHF 16.17 USD 05/10/10
12.24
0.40
13.44 CHF 13.26 USD 05/10/10
10.08
0.37
14.03 CHF 13.88 USD 05/10/10
10.52
0.35
13.33 CHF 13.26 USD 05/10/10
9.99
0.28
11.91 CHF 11.83 USD 05/10/10
8.93
0.26
10.80 CHF 10.85 USD 05/10/10
8.10
0.15
1.77 CHF 1.80 USD 05/10/10
1.33
0.01
2,902.54 CHF 2,855.03 USD 05/10/10 2,176.22
84.98
2.00 CHF 2.00 USD 05/10/10
1.50
0.04
2.99 CHF 634.64 HUF 05/10/10
2.24
(0.05)
2.94 CHF 627.16 HUF 05/10/10
2.20
(0.06)
21.51 CHF 4,774.26 HUF 05/10/10
16.13
(1.13)
355.74 CHF 349.92 USD 05/10/10
266.72
10.42
33.72 CHF 33.87 USD 05/10/10
25.28
0.48
30.76 CHF 31.25 USD 05/10/10
23.06
0.18
36.76 CHF 37.70 USD 05/10/10
27.56
(0.05)
37.43 CHF 8,015.47 HUF 05/10/10
28.06
(0.91)
41.87 CHF 42.87 USD 05/10/10
31.39
(0.01)
4.59 CHF 981.68 HUF 05/10/10
3.44
(0.11)
50.20 CHF 49.50 USD 05/10/10
37.64
1.38
50.43 CHF 49.76 USD 05/10/10
37.81
1.36
58.71 CHF 59.63 USD 05/10/10
44.02
0.34
6.09 CHF 1,290.93 HUF 05/10/10
4.57
(0.10)
6.09 CHF 1,365.15 HUF 05/10/10
4.57
(0.37)
80.24 CHF 79.11 USD 05/10/10
60.16
2.21
8.26 CHF 8.16 USD 05/10/10
6.19
0.21