1
ALLOCATION VARIABLE FUNDS
![(FUND NAMES GRAPHIC)](https://capedge.com/proxy/N-CSR/0000950123-11-021617/y89762y8976202.gif)
Harrison, New York 10528
John K. Carter | Christopher A. Staples | |
Chairman of the Board, | Vice President & Chief Investment Officer | |
President & Chief Executive Officer | Transamerica Asset Allocation Variable Funds | |
Transamerica Asset Allocation Variable Funds |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 1
Actual Expenses | Hypothetical Expenses (B) | |||||||||||||||||||||||
Beginning | Ending Account | Expenses Paid | Ending Account | Expenses Paid | Annualized | |||||||||||||||||||
Fund Name | Account Value | Value | During Period (A) | Value | During Period (A) | Expense Ratio (C) | ||||||||||||||||||
Transamerica Asset Allocation Variable Funds – Short Horizon Subaccount | $ | 1,000.00 | $ | 1,043.00 | $ | 1.03 | $ | 1,024.20 | $ | 1.02 | 0.20 | % | ||||||||||||
Transamerica Asset Allocation Variable Funds – Intermediate Horizon Subaccount | 1,000.00 | 1,132.20 | 1.07 | 1,024.20 | 1.02 | 0.20 | % | |||||||||||||||||
Transamerica Asset Allocation Variable Funds – Intermediate/Long Horizon Subaccount | 1,000.00 | 1,177.30 | 1.10 | 1,024.20 | 1.02 | 0.20 | % |
(A) | Expenses are equal to each fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days), and divided by the number of days in the year (365 days). | |
(B) | 5% return per year before actual expenses. | |
(C) | Expense ratios do not include expenses of the investment companies in which the portfolios invest. |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 2
(the following charts summarize the Schedule of Investments of each Subaccount by asset type)
(unaudited)
Transamerica Asset Allocation Variable Funds — | ||||
Short Horizon Subaccount | ||||
Fixed Income Funds | 86.5 | % | ||
Domestic Equity Funds | 9.1 | |||
International Equity Fund | 2.3 | |||
Money Market Fund | 2.1 | |||
Other Assets and Liabilities — net | (0.0 | )* | ||
Total | 100.0 | % | ||
Transamerica Asset Allocation Variable Funds — | ||||
Intermediate Horizon Subaccount | ||||
Fixed Income Funds | 44.8 | % | ||
Domestic Equity Funds | 40.8 | |||
International Equity Fund | 12.7 | |||
Money Market Fund | 1.7 | |||
Other Assets and Liabilities — net | (0.0 | )* | ||
Total | 100.0 | % | ||
Transamerica Asset Allocation Variable Funds — | ||||
Intermediate/Long Horizon Subaccount | ||||
Domestic Equity Funds | 53.6 | % | ||
Fixed Income Funds | 26.4 | |||
International Equity Fund | 18.3 | |||
Money Market Fund | 1.7 | |||
Other Assets and Liabilities — net | (0.0 | )* | ||
Total | 100.0 | % | ||
* | Amount rounds to less than (0.1)%. |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 3
Short Horizon Subaccount
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
INVESTMENT COMPANIES Ж — 100.0% | ||||||||
Domestic Equity Funds — 9.1% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 6,314 | $ | 329 | |||||
Transamerica Partners Variable Large Value ‡ | 7,485 | 339 | ||||||
Transamerica Partners Variable Small Core ‡ | 5,526 | 210 | ||||||
Fixed Income Funds — 86.5% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 114,590 | 4,446 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 86,656 | 1,504 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 42,296 | 1,002 | ||||||
Transamerica Partners Variable Inflation-Protected Securities ‡ | 54,626 | 1,354 | ||||||
International Equity Fund — 2.3% | ||||||||
Transamerica Partners Variable International Equity ‡ | 10,695 | 222 | ||||||
Money Market Fund — 2.1% | ||||||||
Transamerica Partners Variable Money Market ‡ | 9,603 | 203 | ||||||
Total Investment Companies (cost $8,155) # | 9,609 | |||||||
Other Assets and Liabilities — Net | (1 | ) | ||||||
Net Assets | $ | 9,608 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
Ж | Each Subaccount invests its assets in an affiliated fund of Transamerica Partners Variable Funds. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $8,155. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $1,461 and $7, respectively. Net unrealized appreciation for tax purposes is $1,454. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Companies | $ | 9,609 | $ | — | $ | — | $ | 9,609 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 4
Intermediate Horizon Subaccount
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
INVESTMENT COMPANIES Ж — 100.0% | ||||||||
Domestic Equity Funds — 40.8% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 73,182 | $ | 3,808 | |||||
Transamerica Partners Variable Large Value ‡ | 75,304 | 3,419 | ||||||
Transamerica Partners Variable Small Core ‡ | 69,773 | 2,648 | ||||||
Fixed Income Funds — 44.8% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 137,040 | 5,317 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 101,129 | 1,755 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 62,159 | 1,473 | ||||||
Transamerica Partners Variable Inflation-Protected Securities ‡ | 92,414 | 2,291 | ||||||
International Equity Fund — 12.7% | ||||||||
Transamerica Partners Variable International Equity ‡ | 147,605 | 3,064 | ||||||
Money Market Fund — 1.7% | ||||||||
Transamerica Partners Variable Money Market ‡ | 19,404 | 409 | ||||||
Total Investment Companies (cost $21,137) # | 24,184 | |||||||
Other Assets and Liabilities — Net | (4 | ) | ||||||
Net Assets | $ | 24,180 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
Ж | Each Subaccount invests its assets in an affiliated fund of Transamerica Partners Variable Funds. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $21,142. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $3,092 and $50, respectively. Net unrealized appreciation for tax purposes is $3,042. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Companies | $ | 24,184 | $ | — | $ | — | $ | 24,184 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 5
Intermediate/Long Horizon Subaccount
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
INVESTMENT COMPANIES Ж — 100.0% | ||||||||
Domestic Equity Funds — 53.6% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 124,338 | $ | 6,469 | |||||
Transamerica Partners Variable Large Value ‡ | 123,128 | 5,590 | ||||||
Transamerica Partners Variable Small Core ‡ | 119,186 | 4,524 | ||||||
Fixed Income Funds — 26.4% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 113,136 | 4,390 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 33,634 | 584 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 50,350 | 1,193 | ||||||
Transamerica Partners Variable Inflation-Protected Securities ‡ | 81,882 | 2,030 | ||||||
International Equity Fund — 18.3% | ||||||||
Transamerica Partners Variable International Equity ‡ | 273,929 | 5,686 | ||||||
Money Market Fund — 1.7% | ||||||||
Transamerica Partners Variable Money Market ‡ | 25,150 | 530 | ||||||
Total Investment Companies (cost $28,557) # | 30,996 | |||||||
Other Assets and Liabilities — Net | (5 | ) | ||||||
Net Assets | $ | 30,991 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
Ж | Each Subaccount invests its assets in an affiliated fund of Transamerica Partners Variable Funds. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $28,581. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $3,019 and $604, respectively. Net unrealized appreciation for tax purposes is $2,415. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Companies | $ | 30,996 | $ | — | $ | — | $ | 30,996 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 6
At December 31, 2010
(all amounts except unit value in thousands)
Intermediate | Intermediate/Long | |||||||||||
Short Horizon | Horizon | Horizon | ||||||||||
Assets: | ||||||||||||
Investments in affiliated investment companies, at value Receivables: | $ | 9,609 | $ | 24,184 | $ | 30,996 | ||||||
Units sold | 33 | 56 | 100 | |||||||||
9,642 | 24,240 | 31,096 | ||||||||||
Liabilities: | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||
Units redeemed | 3 | 5 | 6 | |||||||||
Securities purchased | 30 | 51 | 94 | |||||||||
Investment advisory fees | 1 | 4 | 5 | |||||||||
34 | 60 | 105 | ||||||||||
Net Assets | $ | 9,608 | $ | 24,180 | $ | 30,991 | ||||||
Net Assets Consist of: | ||||||||||||
Cost of accumulation units | 5,849 | 16,038 | 23,644 | |||||||||
(Accumulated) net investment (loss) | (203 | ) | (580 | ) | (810 | ) | ||||||
Undistributed net realized gains | 2,508 | 5,675 | 5,718 | |||||||||
Net unrealized appreciation on investments in affiliated investment companies | 1,454 | 3,047 | 2,439 | |||||||||
Net Assets | $ | 9,608 | $ | 24,180 | $ | 30,991 | ||||||
Accumulation units | 527 | 1,334 | 1,722 | |||||||||
Unit value | $ | 18.24 | $ | 18.13 | $ | 17.99 | ||||||
Investments in affiliated investment companies, at cost | $ | 8,155 | $ | 21,137 | $ | 28,557 | ||||||
For the year ended December 31, 2010
(all amounts in thousands)
Intermediate | Intermediate/ | |||||||||||
Short Horizon | Horizon | Long Horizon | ||||||||||
Investment advisory fees | $ | 19 | $ | 47 | $ | 58 | ||||||
Net realized and unrealized gain on investments in affiliates: | ||||||||||||
Realized gain from investments in affiliated investment companies | 217 | 411 | 236 | |||||||||
Change in net unrealized appreciation on investments in affiliated investment companies | 508 | 2,219 | 3,697 | |||||||||
Net realized and unrealized gain on investments in affiliated investment companies | 725 | 2,630 | 3,933 | |||||||||
Net increase In net assets resulting from operations | $ | 706 | $ | 2,583 | $ | 3,875 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 7
For the years ended:
(all amounts in thousands)
Short Horizon | Intermediate Horizon | Intermediate/Long Horizon | ||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Investment advisory fees | $ | (19 | ) | $ | (19 | ) | $ | (47 | ) | $ | (45 | ) | $ | (58 | ) | $ | (59 | ) | ||||||
Net realized gain (loss) on investments in affiliated investment companies | 217 | 59 | 411 | 91 | 236 | (947 | ) | |||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments in affiliated investment companies | 508 | 1,340 | 2,219 | 4,111 | 3,697 | 6,758 | ||||||||||||||||||
Net increase in net assets resulting from operations | 706 | 1,380 | 2,583 | 4,157 | 3,875 | 5,752 | ||||||||||||||||||
From unit transactions: | ||||||||||||||||||||||||
Units sold | 2,071 | 2,058 | 3,088 | 3,379 | 3,680 | 4,496 | ||||||||||||||||||
Units redeemed | (3,281 | ) | (2,776 | ) | (5,786 | ) | (5,231 | ) | (7,042 | ) | (13,223 | ) | ||||||||||||
Net decrease in net assets resulting from unit transactions | (1,210 | ) | (718 | ) | (2,698 | ) | (1,852 | ) | (3,362 | ) | (8,727 | ) | ||||||||||||
Total increase (decrease) in net assets | (504 | ) | 662 | (115 | ) | 2,305 | 513 | (2,975 | ) | |||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of year | 10,112 | 9,450 | 24,295 | 21,990 | 30,478 | 33,453 | ||||||||||||||||||
End of year | $ | 9,608 | $ | 10,112 | $ | 24,180 | $ | 24,295 | $ | 30,991 | $ | 30,478 | ||||||||||||
Units outstanding beginning of year | 597 | 645 | 1,498 | 1,633 | 1,932 | 2,596 | ||||||||||||||||||
Units sold | 117 | 130 | 184 | 239 | 226 | 335 | ||||||||||||||||||
Units redeemed | (187 | ) | (178 | ) | (348 | ) | (374 | ) | (436 | ) | (999 | ) | ||||||||||||
Units outstanding end of year | 527 | 597 | 1,334 | 1,498 | 1,722 | 1,932 | ||||||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 8
For the years ended:
Short Horizon | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
For a unit outstanding throughout each period | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Unit value | ||||||||||||||||||||
Beginning of year | $ | 16.95 | $ | 14.66 | $ | 16.28 | $ | 15.59 | $ | 14.91 | ||||||||||
Investment operations | ||||||||||||||||||||
From net investment (loss)(A) | (0.04 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | ||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 1.33 | 2.32 | (1.59 | ) | 0.72 | 0.71 | ||||||||||||||
Total from investment operations | 1.29 | 2.29 | (1.62 | ) | 0.69 | 0.68 | ||||||||||||||
Unit value | ||||||||||||||||||||
End of year | $ | 18.24 | $ | 16.95 | $ | 14.66 | $ | 16.28 | $ | 15.59 | ||||||||||
Total return | 7.65 | % | 15.62 | % | (9.95 | %) | 4.43 | % | 4.56 | % | ||||||||||
Net assets End of Year (000’s) | $ | 9,608 | $ | 10,112 | $ | 9,450 | $ | 11,097 | $ | 10,205 | ||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||
Net investment (loss), to average net assets | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | ||||||||||
Portfolio turnover rate(C) | 36 | % | 28 | % | 125 | % | 55 | % | 86 | % |
Intermediate Horizon | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
For a unit outstanding throughout each period | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Unit value | ||||||||||||||||||||
Beginning of year | $ | 16.22 | $ | 13.46 | $ | 18.16 | $ | 17.44 | $ | 16.11 | ||||||||||
Investment operations | ||||||||||||||||||||
From net investment (loss)(A) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.04 | ) | (0.03 | ) | ||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 1.94 | 2.79 | (4.67 | ) | 0.76 | 1.36 | ||||||||||||||
Total from investment operations | 1.91 | 2.76 | (4.70 | ) | 0.72 | 1.33 | ||||||||||||||
Unit value | ||||||||||||||||||||
End of year | $ | 18.13 | $ | 16.22 | $ | 13.46 | $ | 18.16 | $ | 17.44 | ||||||||||
Total return | 11.81 | % | 20.51 | % | (25.88 | %) | 4.13 | % | 8.26 | % | ||||||||||
Net assets End of Year (000’s) | $ | 24,180 | $ | 24,295 | $ | 21,990 | $ | 32,583 | $ | 29,956 | ||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||
Net investment (loss), to average net assets | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | ||||||||||
Portfolio turnover rate(C) | 25 | % | 34 | % | 111 | % | 18 | % | 55 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 9
For the years ended:
Intermediate/Long Horizon | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
For a unit outstanding throughout each period | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Unit value | ||||||||||||||||||||
Beginning of year | $ | 15.78 | $ | 12.89 | $ | 19.30 | $ | 18.56 | $ | 16.87 | ||||||||||
Investment operations | ||||||||||||||||||||
From net investment (loss)(A) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.04 | ) | (0.03 | ) | ||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 2.24 | 2.92 | (6.38 | ) | 0.78 | 1.72 | ||||||||||||||
Total from investment operations | 2.21 | 2.89 | (6.41 | ) | 0.74 | 1.69 | ||||||||||||||
Unit value | ||||||||||||||||||||
End of year | $ | 17.99 | $ | 15.78 | $ | 12.89 | $ | 19.30 | $ | 18.56 | ||||||||||
Total return | 14.05 | % | 22.42 | % | (33.21 | %) | 3.99 | % | 10.02 | % | ||||||||||
Net assets End of Year (000’s) | $ | 30,991 | $ | 30,478 | $ | 33,453 | $ | 52,704 | $ | 47,293 | ||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||
Net investment (loss), to average net assets | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | (0.20 | %) | ||||||||||
Portfolio turnover rate(C) | 23 | % | 54 | % | 105 | % | 21 | % | 63 | % |
(A) | Calculated is based on average number of shares outstanding. | |
(B) | Ratios exclude expenses of the investment companies in which the Subaccounts invest. | |
(C) | Does not include the Portfolio activity of the underlying affiliated funds. |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 10
At December 31, 2010
(all amounts in thousands)
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 11
At December 31, 2010
(all amounts in thousands)
Purchases of | Proceeds from maturities and sales | |||||||||||||||
affiliated investments | of affiliated investments | |||||||||||||||
Fund | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Short Horizon | $ | 3,453 | $ | — | $ | 4,683 | $ | — | ||||||||
Intermediate Horizon | 5,768 | — | 8,512 | — | ||||||||||||
Intermediate/Long Horizon | 6,834 | — | 10,255 | — |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 12
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 13
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February 24, 2011
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 14
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
INTERESTED BOARD MEMBER** | ||||||||||||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 2007 | Chairman, Board Member, President and Chief Executive Officer, TPP, TPFG, TPFG II and TAAVF (2007 – present); | 152 | N/A | |||||||
Chairman (2007 – present), Board Member (2006 – present), President and Chief Executive Officer (2006 – present), Senior Vice President (1999 – 2006), Chief Compliance Officer, General Counsel and Secretary (1999 – 2006), Transamerica Funds and TST; | ||||||||||||
Chairman (2007 – present), Board Member (2006 – present), President and Chief Executive Officer (2006 – present), Senior Vice President (2002 – 2006), General Counsel, Secretary and Chief Compliance Officer (2002 – 2006), TIS; | ||||||||||||
Chairman, President and Chief Executive Officer (2006 – present), Director (2002 – present), Senior Vice President (1999 – 2006), General Counsel and Secretary (2000 – 2006), Chief Compliance Officer (2004 – 2006), TAM; | ||||||||||||
Chairman, President and Chief Executive Officer (2006 – present), Senior Vice President (1999 – 2006), Director (2002 – present), General Counsel and Secretary (2001 – 2006), Transamerica Fund Services, Inc. (“TFS”); | ||||||||||||
Vice President, AFSG Securities Corporation (2001 – present); |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 15
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Chairman and Board Member (2008 – present), President (2007 – 2010), Chief Executive Officer (2006 – 2010), Vice President, Secretary and Chief Compliance Officer (2003 – 2006), Transamerica Investors, Inc. (“TII”); | ||||||||||||
Senior Vice President, General Counsel and Secretary, Transamerica Index Funds, Inc. (“TIF”) (2002 – 2004); and | ||||||||||||
Director, (2008 – present), Vice President, Transamerica Investment Services, Inc. (“TISI”) (2003 – 2005) and Transamerica Investment Management, LLC (“TIM”) (2001 – 2005). | ||||||||||||
INDEPENDENT BOARD MEMBERS*** | ||||||||||||
Sandra N. Bane (1952) | Board Member | Since 2008 | Retired (1999 – present); Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 – present); Board Member, TII (2003 – 2010); and Partner, KPMG (1975 – 1999). | 152 | Big 5 Sporting Goods (2002 – present); AGL Resources, Inc. (energy services holding company) (2008 – present) | |||||||
Leo J. Hill (1956) | Lead Independent Board Member | Since 2007 | Principal, Advisor Network Solutions, LLC (business consulting) (2006 – present); | 152 | N/A | |||||||
Board Member, TST (2001 – present); | ||||||||||||
Board Member, Transamerica Funds and TIS (2002 – present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); | ||||||||||||
Board Member, TII (2008 – 2010); | ||||||||||||
President, L. J. Hill & Company (a holding company for privately-held assets) (1999 – present); | ||||||||||||
Market President, Nations Bank of Sun Coast Florida (1998 – 1999); | ||||||||||||
Chairman, President and Chief Executive Officer, Barnett Banks of Treasure Coast Florida (1994 – 1998); | ||||||||||||
Executive Vice President and Senior Credit Officer, Barnett Banks of Jacksonville, Florida (1991 – 1994); and | ||||||||||||
Senior Vice President and Senior Loan Administration Officer, Wachovia Bank of Georgia (1976 – 1991). |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 16
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
David W. Jennings (1946) | Board Member | Since 2009 | Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present); Board Member, TII (2009 – 2010); Principal, Maxam Capital Management, LLC (2006 – 2008); and Principal, Cobble Creek Management LP (2004 – 2006). | 152 | N/A | |||||||
Russell A. Kimball, Jr. (1944) | Board Member | Since 2007 | General Manager, Sheraton Sand Key Resort (1975 – present); | 152 | N/A | |||||||
Board Member, TST (1986 – present); | ||||||||||||
Board Member, Transamerica Funds, (1986 – 1990), (2002 – present); | ||||||||||||
Board Member, TIS (2002 – present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); and | ||||||||||||
Board Member, TII (2008 – 2010). | ||||||||||||
Eugene M. Mannella (1954) | Board Member | Since 1993 | Chief Executive Officer, HedgeServ Corporation (hedge fund administration) (2008 – present); | 152 | N/A | |||||||
Self-employed consultant (2006 – present); | ||||||||||||
President, ARAPAHO Partners LLC (limited purpose broker-dealer) (1998 – 2008); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 – present); | ||||||||||||
Board Member, Transamerica Funds, TST and TIS (2007 – present); | ||||||||||||
Board Member, TII (2008 – 2010); and | ||||||||||||
President, International Fund Services (alternative asset administration) (1993 – 2005). |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 17
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Norman R. Nielsen, Ph.D. (1939) | Board Member | Since 2007 | Retired (2005 – present); Board Member, Transamerica Funds, TST and TIS (2006 – present); | 152 | Buena Vista University Board of Trustees (2004 – present) | |||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); | ||||||||||||
Board Member, TII (2008 – 2010); | ||||||||||||
Director, Iowa Student Loan Service Corporation (2006 – present); | ||||||||||||
Director, League for Innovation in the Community Colleges (1985 – 2005); | ||||||||||||
Director, Iowa Health Systems (1994 – 2003); | ||||||||||||
Director, U.S. Bank (1985 – 2006); and | ||||||||||||
President, Kirkwood Community College (1985 – 2005). | ||||||||||||
Joyce G. Norden (1939) | Board Member | Since 1993 | Retired (2004 – present); Board Member, TPFG, TPFG II and TAAVF (1993 – present); Board Member, TPP (2002 – present); | 152 | Board of Governors, Reconstructionist Rabbinical College (2007 – present) | |||||||
Board Member, Transamerica Funds, TST and TIS (2007 – present); | ||||||||||||
Board Member, TII (2008 – 2010); and | ||||||||||||
Vice President, Institutional Advancement, Reconstructionist Rabbinical College (1996 – 2004). | ||||||||||||
Patricia L. Sawyer (1950) | Board Member | Since 1993 | Retired (2007 – present); President/Founder, Smith & Sawyer LLC (management consulting) (1989 – 2007); Board Member, Transamerica Funds, TST and TIS (2007 – present); | 152 | Honorary Trustee, Bryant University (1996 – present) | |||||||
Board Member, TII (2008 – 2010); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 – present); | ||||||||||||
Trustee, Chair of Finance Committee and Chair of Nominating Committee (1987 – 1996), Bryant University; | ||||||||||||
Vice President, American Express (1987 – 1989); | ||||||||||||
Vice President, The Equitable (1986 – 1987); and | ||||||||||||
Strategy Consultant, Booz, Allen & Hamilton (1982 – 1986). |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 18
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
John W. Waechter (1952) | Board Member | Since 2007 | Attorney, Englander and Fischer, LLP (2008 – present); Retired (2004 – 2008); Board Member, TST and TIS (2004 – present); Board Member, Transamerica Funds (2005 – present); | 152 | Operation PAR, Inc. (2008 – present); West Central Florida Council – Boy Scouts of America (2008 – present) | |||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); | ||||||||||||
Board Member, TII (2008 – 2010); | ||||||||||||
Employee, RBC Dain Rauscher (securities dealer) (2004); | ||||||||||||
Executive Vice President, Chief Financial Officer and Chief Compliance Officer, William R. Hough & Co. (securities dealer) (1979 – 2004); and | ||||||||||||
Treasurer, The Hough Group of Funds (1993 – 2004). |
* | Each Board Member shall hold office until: 1) his or her successor is elected and qualified or 2) he or she resigns, retires or his or her term as a Board Member is terminated in accordance with the Trust’s Declaration of Trust. | |
** | May be deemed an “interested person” (as that term is defined in the 1940 Act) of the Trust because of his employment with TAM or an affiliate of TAM. | |
*** | Independent Board Member means a Board Member who is not an “interested person” (as defined under the 1940 Act) of the Trust. |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 19
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 2007 | See the table above. | |||
Dennis P. Gallagher (1970) | Vice President, General Counsel and Secretary | Since 2007 | Vice President, General Counsel and Secretary, Transamerica Funds, TST and TIS (2006 – present); | |||
Vice President, General Counsel and Secretary, TPP, TPFG, TPFG II and TAAVF (2007 – present); | ||||||
Vice President, General Counsel and Secretary, TII, (2006 – 2010); | ||||||
Director, Senior Vice President, General Counsel, Operations, and Secretary, TAM and TFS (2006 – present); | ||||||
Assistant Vice President, TCI (2007 – present); | ||||||
Director, Deutsche Asset Management (1998 – 2006); and | ||||||
Corporate Associate, Ropes & Gray LLP (1995 – 1998). | ||||||
Robert A. DeVault, Jr. (1965) | Vice President, Treasurer and Principal Financial Officer | Since 2009 | Vice President, Treasurer and Principal Financial Officer, (2010 – present), Assistant Treasurer, (2009 – 2010), Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF; | |||
Vice President, Treasurer and Principal Financial Officer, (2010), Assistant Treasurer, (2009 – 2010), TII; | ||||||
Vice President (2010 – present), Assistant Vice President (2007 – 2010) and Manager, Fund Administration, (2002 – 2007), TFS; and | ||||||
Vice President (2010 – present), TAM. | ||||||
Christopher A. Staples (1970) | Vice President and Chief Investment Officer | Since 2007 | Vice President and Chief Investment Officer (2007 – present), Senior Vice President – Investment Management (2006 – 2007), Vice President - Investment Management (2005 – 2006), Transamerica Funds, TST and TIS; | |||
Vice President and Chief Investment Officer, TPP, TPFG, TPFG II and TAAVF (2007 – present); | ||||||
Vice President and Chief Investment Officer (2007 – 2010); Vice President – Investment Administration (2005 – 2007), TII; | ||||||
Director (2005 – present), Senior Vice President – Investment Management (2006 – present) and Chief Investment Officer (2007 – present), TAM; |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 20
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
Director, TFS (2005 – present); and | ||||||
Assistant Vice President, Raymond James & Associates (1999 – 2004). | ||||||
Robert S. Lamont, Jr. (1973) | Vice President, Chief Compliance Officer and Conflicts of Interest Officer | Since 2010 | Vice President, Chief Compliance Officer and Conflicts of Interest Officer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 – present); | |||
Vice President and Senior Counsel, TAM and TFS (2007 – present); | ||||||
Senior Counsel, United States Securities and Exchange Commission (2004 – 2007); and | ||||||
Associate, Dechert, LLP (1999 – 2004). | ||||||
Bradley O. Ackerman (1966) | Anti-Money Laundering Officer | Since 2009 | Anti-Money Laundering Officer, TPP, TPFG, TPFG II and TAAVF (2009 – present); | |||
Anti-Money Laundering Officer, Transamerica Funds (2007 – present); | ||||||
Senior Compliance Officer, TAM (2007 – present); and | ||||||
Director, Institutional Services, Rydex Investments (2002 – 2007). | ||||||
Sarah L. Bertrand (1967) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present); | |||
Assistant Secretary, TII (2009 – 2010); | ||||||
Assistant Vice President and Director, Legal Administration, TAM and TFS (2007 – present); | ||||||
Assistant Secretary and Chief Compliance Officer, 40|86 Series Trust and 40|86 Strategic Income Fund (2000 – 2007); and | ||||||
Second Vice President and Assistant Secretary, Legal and Compliance, 40|86 Capital Management, Inc. (1994 – 2007). | ||||||
Timothy J. Bresnahan (1968) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present); | |||
Assistant Secretary, TII (2009 – 2010); | ||||||
Counsel, TAM (2008 – present); | ||||||
Counsel (contract), Massachusetts Financial Services, Inc. (2007); | ||||||
Assistant Counsel, BISYS Fund Services Ohio, Inc. (2005 – 2007); and | ||||||
Associate, Greenberg Traurig, P.A. (2004 – 2005). |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 21
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
Margaret A. Cullem-Fiore (1957) | Assistant Secretary | Since 2010 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 – present); | |||
Assistant Vice President, TCI (2009 – present); | ||||||
Vice President and Senior Counsel, TAM and TFS (2006 – present); | ||||||
Vice President and Senior Counsel, Transamerica Financial Advisors, Inc. (2004 – 2007); and | ||||||
Vice President and Senior Counsel, Western Reserve Life Assurance Co. of Ohio (2006). | ||||||
Richard E. Shield, Jr. (1974) | Tax Officer | Since 2008 | Tax Officer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 – present); | |||
Tax Officer, TII (2008 – 2010); | ||||||
Tax Manager, Jeffrey P. McClanathan, CPA (2006 – 2007) and Gregory, Sharer & Stuart (2005 – 2006); | ||||||
Tax Senior, Kirkland, Russ, Murphy & Tapp, P.A. (2003 – 2005); and | ||||||
Certified Public Accountant, Schultz, Chaipel & Co., LLP (1998 – 2003). | ||||||
Elizabeth Strouse (1974) | Assistant Treasurer | Since 2010 | Assistant Treasurer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 – present); | |||
Director, Fund Financial Services (2009 – present), TFS; | ||||||
Director, Fund Administration, TIAA-CREF (2007 – 2009); and | ||||||
Manager (2006 – 2007) and Senior (2003 – 2006) Accounting and Assurance, PricewaterhouseCoopers, LLC. |
* | Elected and serves at the pleasure of the Board of the Trust. |
Transamerica Asset Allocation Variable Funds | Annual Report 2010 |
Page 22
(unaudited)
Peter S. Kaplan
Merganser Capital Management, Inc.
Transamerica Partners Portfolios | Annual Report 2010 |
Page 1
(unaudited)
Brian Weinstein
Martin Hegarty
BlackRock Financial Management, Inc.
Transamerica Partners Portfolios | Annual Report 2010 |
Page 2
(unaudited)
Eric Pellicciaro
Rick Rieder
BlackRock Financial Management, Inc.
Transamerica Partners Portfolios | Annual Report 2010 |
Page 3
(unaudited)
Michael W. Weilheimer
Eaton Vance Management
Transamerica Partners Portfolios | Annual Report 2010 |
Page 4
(unaudited)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 5
(unaudited)
Matthew Marra | Scott Blasdell | |
Eric Pellicciaro | Terance Chen | |
Rick Reider | Raffaele Zingone | |
Co-Portfolio Managers | Co-Portfolio Managers | |
BlackRock Financial Management, Inc. | J.P. Morgan Investment Management Inc. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 6
(unaudited)
Stefani Cranston
Kevin M. Johnson
Gina Marie N. Moore
Martha E. Ortiz
R. Brian Wenzinger
Christopher J.W. Whitehead
Aronson Johnson Ortiz, LP
Transamerica Partners Portfolios | Annual Report 2010 |
Page 7
(unaudited)
Stefani Cranston
Kevin M. Johnson
Gina Marie N. Moore
Martha E. Ortiz
R. Brian Wenzinger
Christopher J.W. Whitehead
Aronson Johnson Ortiz, LP
Transamerica Partners Portfolios | Annual Report 2010 |
Page 8
(unaudited)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 9
(unaudited)
Blair A. Boyer | Paul E. Marrkand, CFA | |
Michael A. Del Balso | ||
Spiros “Sig” Segalas | ||
Co-Portfolio Managers | Portfolio Manager | |
Jennison Associates LLC | Wellington Management Company, LLP |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 10
(unaudited)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 11
(unaudited)
Jay B. Abramson | Gloria Fu, CFA | |
Robert L. Rewey, III | Lawrence Playford, CFA | |
Jonathan K.L. Simon | ||
Co-Portfolio Managers | Co-Portfolio Managers | |
Cramer, Rosenthal, McGlynn, LLC | J.P. Morgan Investment Management Inc. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 12
(unaudited)
Michael Iacono
Katerina Wasserman
Columbus Circle Investors
Transamerica Partners Portfolios | Annual Report 2010 |
Page 13
(unaudited)
Shaun F. Pedersen, involved in portfolio management and securities analysis since 2010.
Wellington Management Company, LLP
Transamerica Partners Portfolios | Annual Report 2010 |
Page 14
(unaudited)
• | Consumer discretionary — Netflix, Inc., Coinstar, Inc., Deckers Outdoor Corp., and Chipotle Mexican Grill, Inc. | ||
• | Technology/telecommunications — Riverbed Technology, Inc., Finisar Corp., Skyworks Solutions, Inc., and Syniverse Holdings, Inc. | ||
• | Financials — Portfolio Recovery Associates, Inc., and Ezcorp, Inc. | ||
• | Healthcare — Alexion Pharmaceuticals, Inc., Salix Pharmaceuticals, Inc., and NxStage Medical, Inc. | ||
• | Energy — Lufkin Industries, Inc. |
• | Industrials — Sykes Enterprises, Inc., AAR Corp., and Granite Construction, Inc. | ||
• | Healthcare — Auxillium Pharmaceuticals, Inc., Wright Medical Group, Inc., Spectranetics Corp., and RTI Biologics, Inc. | ||
• | Energy — Arena Resources, Inc., and Natural Gas Services Group, Inc. | ||
• | Technology — Vistaprint NV and Euronet Worldwide, Inc. | ||
• | Consumer discretionary — hhgregg, Inc., Chico’s FAS, Inc., and American Public Education, Inc. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 15
(unaudited)
Richard R. Jandrain III | Timothy J. McCormack, CFA | Ralph Coutant, CFA | ||
Daniel J. Kapusta | Shaun F. Pedersen, involved in portfolio | Anthony Munchak, CFA | ||
Bihag N. Patel, CFA | management and securities | Glen Murphy, CFA | ||
David K. Robinson, CFA | analysis since 2004. | Francis Orlando, CFA | ||
Anthony Shufflebotham, CFA | ||||
Co-Portfolio Managers | Co-Portfolio Managers | |||
Fort Washington Investment Advisors, Inc. | Wellington Management Company, LLP | Co-Portfolio Managers | ||
Invesco Advisers, Inc. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 16
(unaudited)
Mark D. Garfinkel, CFA
Perimeter Capital Partners LLC
Transamerica Partners Portfolios | Annual Report 2010 |
Page 17
(unaudited)
Wendy Trevisani
Lei Wang, CFA
Thornburg Investment Management, Inc.
Transamerica Partners Portfolios | Annual Report 2010 |
Page 18
(the following charts summarize the Schedule of Investments of each portfolio by asset type)
(unaudited)
% of Net | ||||
Transamerica Partners Money Market Portfolio | Assets | |||
Certificate of Deposit | 37.0 | % | ||
Commercial Paper | 22.6 | |||
Repurchase Agreement | 17.3 | |||
Short-Term U.S. Government Obligation | 11.0 | |||
U.S. Government Obligation | 6.8 | |||
Corporate Debt Security | 3.2 | |||
Short-Term Foreign Government Obligation | 2.1 | |||
Other Assets and Liabilities - Net | 0.0 | * | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners High Quality Bond Portfolio | Assets | |||
Corporate Debt Security | 33.0 | % | ||
Asset-Backed Security | 31.0 | |||
Mortgage-Backed Security | 19.7 | |||
U.S. Government Obligation | 10.0 | |||
U.S. Government Agency Obligation | 3.4 | |||
Securities Lending Collateral | 2.6 | |||
Repurchase Agreement | 1.5 | |||
Foreign Government Obligation | 0.9 | |||
Other Assets and Liabilities - Net | (2.1 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Inflation-Protected Securities Portfolio | Assets | |||
U.S. Government Obligation | 93.2 | % | ||
Repurchase Agreement | 5.5 | |||
Securities Lending Collateral | 4.2 | |||
Foreign Government Obligation | 0.3 | |||
Structured Note Debt | 0.3 | |||
Corporate Debt Security | 0.2 | |||
Purchased Swaption | 0.2 | |||
Mortgage-Backed Security | 0.2 | |||
Other Assets and Liabilities - Net(A) | (4.1 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Core Bond Portfolio | Assets | |||
U.S. Government Agency Obligation | 47.6 | % | ||
Corporate Debt Security | 29.4 | |||
Mortgage-Backed Security | 21.0 | |||
U.S. Government Obligation | 7.6 | |||
Asset-Backed Security | 6.0 | |||
Repurchase Agreement | 4.4 | |||
Municipal Government Obligation | 2.2 | |||
Securities Lending Collateral | 2.0 | |||
Purchased Swaption | 1.7 | |||
Foreign Government Obligation | 1.2 | |||
Preferred Corporate Debt Security | 0.7 | |||
Convertible Bond | 0.1 | |||
Preferred Stock | 0.0 | * | ||
Warrant | 0.0 | * | ||
Common Stock | 0.0 | * | ||
Other Assets and Liabilities - Net(A) | (23.9 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Tansamerica Partners High Yield Bond Portfolio | Assets | |||
Corporate Debt Security | 87.3 | % | ||
Loan Assignment | 5.8 | |||
Repurchase Agreement | 3.8 | |||
Common Stock | 0.6 | |||
Convertible Preferred Stock | 0.3 | |||
Preferred Stock | 0.1 | |||
Asset-Backed Security | 0.1 | |||
Convertible Bond | 0.1 | |||
Preferred Corporate Debt Security | 0.0 | * | ||
Right | 0.0 | * | ||
Warrant | 0.0 | * | ||
Investment Company | 0.0 | * | ||
Other Assets and Liabilities - Net | 1.9 | |||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Balanced Portfolio | Assets | |||
Common Stock | 61.9 | % | ||
U.S. Government Agency Obligation | 16.5 | |||
Corporate Debt Security | 10.9 | |||
Mortgage-Backed Security | 6.1 | |||
Short-Term U.S. Government Obligation | 2.9 | |||
U.S. Government Obligation | 2.3 | |||
Asset-Backed Security | 2.1 | |||
Municipal Government Obligation | 1.1 | |||
Repurchase Agreement | 1.0 | |||
Preferred Corporate Debt Security | 0.3 | |||
Foreign Government Obligation | 0.2 | |||
Preferred Stock | 0.0 | * | ||
Warrant | 0.0 | * | ||
Other Assets and Liabilities - Net(A) | (5.3 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Value Portfolio | Assets | |||
Common Stock | 98.3 | % | ||
Securities Lending Collateral | 1.8 | |||
Repurchase Agreement | 1.7 | |||
Other Assets and Liabilities - Net | (1.8 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Core Portfolio | Assets | |||
Common Stock | 98.4 | % | ||
Securities Lending Collateral | 2.2 | |||
Repurchase Agreement | 1.5 | |||
Other Assets and Liabilities - Net | (2.1 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Growth Portfolio | Assets | |||
Common Stock | 99.8 | % | ||
Securities Lending Collateral | 1.6 | |||
Repurchase Agreement | 0.2 | |||
Other Assets and Liabilities - Net | (1.6 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Mid Value Portfolio | Assets | |||
Common Stock | 96.4 | % | ||
Securities Lending Collateral | 5.2 | |||
Repurchase Agreement | 3.4 | |||
Other Assets and Liabilities - Net | (5.0 | ) | ||
Total | 100.0 | % | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 19
(the following charts summarize the Schedule of Investments of each portfolio by asset type)
(unaudited)
% of Net | ||||
Transamerica Partners Mid Growth Portfolio | Assets | |||
Common Stock | 95.9 | % | ||
Repurchase Agreement | 0.8 | |||
Securities Lending Collateral | 0.7 | |||
Other Assets and Liabilities - Net | 2.6 | |||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Value Portfolio | Assets | |||
Common Stock | 95.3 | % | ||
Repurchase Agreement | 4.7 | |||
Securities Lending Collateral | 1.3 | |||
Other Assets and Liabilities - Net | (1.3 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Core Portfolio | Assets | |||
Common Stock | 98.2 | % | ||
Securities Lending Collateral | 25.7 | |||
Repurchase Agreement | 1.5 | |||
Investment Company | 0.2 | |||
Short-Term U.S. Government Obligation | 0.1 | |||
Warrant | 0.0 | * | ||
Other Assets and Liabilities - Net(A) | (25.7 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Growth Portfolio | Assets | |||
Common Stock | 97.6 | % | ||
Securities Lending Collateral | 25.6 | |||
Repurchase Agreement | 2.7 | |||
Warrant | 0.0 | * | ||
Other Assets and Liabilities - Net | (25.9 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners International Equity Portfolio | Assets | |||
Common Stock | 96.4 | % | ||
Securities Lending Collateral | 4.2 | |||
Preferred Stock | 2.6 | |||
Repurchase Agreement | 0.7 | |||
Other Assets and Liabilities - Net(A) | (3.9 | ) | ||
Total | 100.0 | % | ||
(A) | The Other Assets and Liabilities - Net category may include, but is not limited to, Forward Currencies contracts, Futures contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, and Cash Collateral. | |
* | Amount rounds to less than 0.1% or (0.1%). |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 20
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
COMMERCIAL PAPER - 22.6% | ||||||||
Capital Markets - 1.9% | ||||||||
Credit Suisse | ||||||||
0.25%, 01/19/2011 | $ | 20,500 | $ | 20,497 | ||||
Commercial Banks - 14.6% | ||||||||
Banco Bilbao Vizcaya | ||||||||
0.50%, 02/25/2011 - 144A | 16,050 | 16,038 | ||||||
Banco Bilbao Vizcaya Argentaria SA | ||||||||
0.56%, 03/07/2011 | 16,350 | 16,350 | ||||||
Commonwealth Bank of Australia | ||||||||
0.27%, 02/25/2011 - 144A | 33,250 | 33,237 | ||||||
Eksportfinans ASA | ||||||||
0.23%, 01/21/2011 - 144A | 29,550 | 29,547 | ||||||
European Investment Bank | ||||||||
0.26%, 01/05/2011 | 21,400 | 21,395 | ||||||
Svenska Handelsbanken AB | ||||||||
0.27%, 02/17/2011 | 16,800 | 16,800 | ||||||
UBS Finance Delaware LLC | ||||||||
0.28%, 02/14/2011 | 11,050 | 11,046 | ||||||
Westpac Banking Corp. | ||||||||
0.31%, 04/08/2011 - 144A | 10,450 | 10,441 | ||||||
Diversified Financial Services - 6.1% | ||||||||
Nordea North America, Inc. | ||||||||
0.33%, 01/06/2011 | 27,800 | 27,798 | ||||||
Societe Generale North America, Inc. | ||||||||
0.33%, 02/07/2011 | 19,000 | 18,994 | ||||||
0.50%, 02/01/2011 | 18,700 | 18,692 | ||||||
Total Commercial Paper (cost $240,835) | 240,835 | |||||||
CERTIFICATES OF DEPOSIT - 37.0% | ||||||||
Capital Markets - 3.3% | ||||||||
Deutsche Bank AG | ||||||||
0.47%, 01/10/2011 * | 35,000 | 35,000 | ||||||
Commercial Banks - 33.7% | ||||||||
Abbey National Treasury Services PLC | ||||||||
0.34%, 02/25/2011 | 38,100 | 38,100 | ||||||
Bank of Montreal | ||||||||
0.24%, 01/20/2011 * | 16,600 | 16,600 | ||||||
Bank of Nova Scotia | ||||||||
0.30%, 04/04/2011 * | 20,500 | 20,500 | ||||||
Barclays Bank PLC | ||||||||
0.36%, 05/03/2011 * | 17,800 | 17,800 | ||||||
0.40%, 06/20/2011 * | 19,550 | 19,550 | ||||||
BNP Paribas | ||||||||
0.33%, 02/18/2011 | 22,000 | 22,000 | ||||||
Credit Agricole SA | ||||||||
0.29%, 02/03/2011 * | 32,350 | 32,350 | ||||||
National Australia Bank, Ltd. | ||||||||
0.32%, 06/10/2011 * | 18,200 | 18,200 | ||||||
Nordea Bank Finland PLC | ||||||||
0.28%, 03/17/2011 | 7,000 | 7,000 | ||||||
Rabobank Nederland NV | ||||||||
0.29%, 01/13/2011 | 20,050 | 20,050 | ||||||
0.55%, 02/01/2011 | 23,700 | 23,701 | ||||||
Royal Bank of Canada | ||||||||
0.26%, 02/24/2011 * | 13,400 | 13,400 | ||||||
0.28%, 08/26/2011 * | 23,350 | 23,350 | ||||||
Royal Bank of Scotland PLC | ||||||||
0.29%, 01/20/2011 | 27,050 | 27,050 | ||||||
Svenska Handelsbanken AB | ||||||||
0.30%, 02/28/2011 | 11,800 | 11,800 | ||||||
Toronto-Dominion Bank Holdings, USA, Inc. | ||||||||
0.25%, 03/03/2011 * | 20,750 | 20,750 | ||||||
Westpac Banking Corp. | ||||||||
0.29%, 05/13/2011 * | 26,950 | 26,950 | ||||||
Total Certificates of Deposit (cost $394,151) | 394,151 | |||||||
CORPORATE DEBT SECURITIES - 3.2% | ||||||||
Commercial Banks - 3.2% | ||||||||
Australia & New Zealand Banking Group, Ltd. | ||||||||
0.45%, 04/26/2011 - 144A * | 11,350 | 11,358 | ||||||
International Bank for Reconstruction & Development | ||||||||
0.31%, 07/13/2011 * | 14,550 | 14,550 | ||||||
National Australia Bank, Ltd. | ||||||||
0.37%, 07/07/2011 - 144A * | 7,900 | 7,905 | ||||||
Total Corporate Debt Securities (cost $33,813) | 33,813 | |||||||
SHORT-TERM FOREIGN GOVERNMENT OBLIGATION - 2.1% | ||||||||
Caisse D’amortissement de La Dette Sociale | ||||||||
0.26%, 03/15/2011 - 144A | 22,200 | 22,188 | ||||||
Total Short-Term Foreign Government Obligation (cost $22,188) | ||||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 11.0% | ||||||||
Fannie Mae | ||||||||
Zero Coupon, 01/05/2011 | 18,900 | 18,899 | ||||||
Freddie Mac | ||||||||
0.06%, 02/02/2011 | 19,600 | 19,597 | ||||||
0.09%, 02/16/2011 | 14,000 | 13,997 | ||||||
0.12%, 02/04/2011 | 18,250 | 18,247 | ||||||
0.35%, 04/01/2011 * | 15,000 | 15,010 | ||||||
U.S. Treasury Bill | ||||||||
0.13%, 02/17/2011 | 31,950 | 31,945 | ||||||
Total Short-Term U.S. Government Obligations (cost $117,695) | 117,695 | |||||||
U.S. GOVERNMENT OBLIGATIONS - 6.8% | ||||||||
U.S. Treasury Note | ||||||||
0.88%, 02/28/2011 - 04/30/2011 | 51,200 | 51,274 | ||||||
1.00%, 07/31/2011 | 21,300 | 21,397 | ||||||
Total U.S. Government Obligations (cost $72,671) | 72,671 | |||||||
REPURCHASE AGREEMENTS - 17.3% | ||||||||
Deutsche Bank AG | ||||||||
0.22% ▲, dated 12/31/2010, to be repurchased at $20,100 on 01/03/2011. Collateralized by a U.S. Government Agency Obligation, 3.15%, due 10/28/2020, with a value of $20,385. | 20,100 | 20,100 | ||||||
Goldman Sachs | ||||||||
0.14% ▲, dated 12/31/2010, to be repurchased at $63,801 on 01/03/2011. Collateralized by U.S. Government Agency Obligations, Zero Coupon - 6.25%, due 01/05/2011 - 09/15/2029, with a total value of $65,081. | 63,800 | 63,800 | ||||||
HSBC Bank USA | ||||||||
0.21% ▲, dated 12/31/2010, to be repurchased at $53,001 on 01/03/2011. Collateralized by a U.S. Government Obligation, 1.88%, due 09/30/2017, with a value of $54,063. | 53,000 | 53,000 | ||||||
JP Morgan Chase Bank | ||||||||
0.18% ▲, dated 12/31/2010, to be repurchased at $46,941 on 01/03/2011. Collateralized by a U.S. Government Agency Obligation, Zero Coupon, due 05/04/2011, with a value of $47,883. | 46,940 | 46,940 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 21
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
REPURCHASE AGREEMENTS (continued) | ||||||||
State Street Bank & Trust Co. | ||||||||
0.01% ▲, dated 12/31/2010, to be repurchased at $6 on 01/03/2011. Collateralized by a U.S. Government Obligation, 1.00%, due 04/30/2012, with a value of $10. | $ | 6 | $ | 6 | ||||
Total Repurchase Agreements (cost $183,846) | 183,846 | |||||||
Total Investment Securities (cost $1,065,199) # | 1,065,199 | |||||||
Other Assets and Liabilities - Net | 197 | |||||||
Net Assets | $ | 1,065,396 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $1,065,199. |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $130,714, or 12.27%, of the fund’s net assets. |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Certificates of Deposit | $ | — | $ | 394,151 | $ | — | $ | 394,151 | ||||||||
Commercial Paper | — | 240,835 | — | 240,835 | ||||||||||||
Corporate Debt Securities | — | 33,813 | — | 33,813 | ||||||||||||
Repurchase Agreements | — | 183,846 | — | 183,846 | ||||||||||||
Short-Term Foreign Government Obligations | — | 22,188 | — | 22,188 | ||||||||||||
Short-Term U.S. Government Obligations | — | 117,695 | — | 117,695 | ||||||||||||
U.S. Government Obligations | — | 72,671 | — | 72,671 | ||||||||||||
Total | $ | — | $ | 1,065,199 | $ | — | $ | 1,065,199 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 22
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 10.0% | ||||||||
U.S. Treasury Note | ||||||||
0.38%, 08/31/2012 - 09/30/2012 | $ | 34,500 | $ | 34,423 | ||||
0.50%, 11/30/2012 | 12,000 | 11,985 | ||||||
Total U.S. Government Obligations (cost $46,442) | 46,408 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 3.4% | ||||||||
Fannie Mae | ||||||||
4.00%, 10/25/2016 - 07/25/2033 | 1,375 | 1,406 | ||||||
4.50%, 09/01/2013 | 987 | 1,016 | ||||||
5.00%, 04/01/2014 | 142 | 151 | ||||||
5.50%, 12/01/2022 | 883 | 956 | ||||||
6.00%, 05/01/2013 - 09/01/2014 | 377 | 410 | ||||||
Freddie Mac | ||||||||
2.87%, 12/15/2016 | 932 | 943 | ||||||
3.38%, 03/15/2018 | 2,402 | 2,481 | ||||||
4.00%, 09/15/2016 - 09/15/2017 | 2,639 | 2,697 | ||||||
5.50%, 03/01/2011 - 04/01/2017 | 582 | 615 | ||||||
6.00%, 10/15/2021 | 1,721 | 1,802 | ||||||
6.50%, 02/01/2013 - 04/01/2013 | 69 | 73 | ||||||
Ginnie Mae | ||||||||
4.66%, 12/16/2030 * | 2,000 | 2,120 | ||||||
5.75%, 12/15/2022 | 870 | 954 | ||||||
Total U.S. Government Agency Obligations (cost $15,009) | 15,624 | |||||||
FOREIGN GOVERNMENT OBLIGATION - 0.9% | ||||||||
Province of Quebec Canada | ||||||||
4.88%, 05/05/2014 | 3,650 | 4,040 | ||||||
Total Foreign Government Obligation (cost $4,099) | ||||||||
MORTGAGE-BACKED SECURITIES - 19.7% | ||||||||
Bear Stearns Asset Backed Securities Trust | ||||||||
Series 2003-AC3, Class A1 | ||||||||
4.00%, 07/25/2033 * | 500 | 465 | ||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2002-PBW1, Class A1 | ||||||||
3.97%, 11/11/2035 * | 145 | 146 | ||||||
Series 2007-PW15, Class A2 | ||||||||
5.21%, 02/11/2044 | 1,700 | 1,736 | ||||||
Commercial Mortgage Pass-Through Certificates | ||||||||
Series 2005-LP5, Class A2 | ||||||||
4.63%, 05/10/2043 | 1,310 | 1,324 | ||||||
Series 2006-C8, Class A3 | ||||||||
5.31%, 12/10/2046 | 5,690 | 5,906 | ||||||
Community Program Loan Trust | ||||||||
Series 1987-A, Class A4 | ||||||||
4.50%, 10/01/2018 | 599 | 602 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2004-C5, Class A2 | ||||||||
4.18%, 11/15/2037 | 1,555 | 1,554 | ||||||
Crusade Global Trust | ||||||||
Series 2004-2, Class A1 | ||||||||
0.41%, 11/19/2037 * | 490 | 478 | ||||||
CW Capital Cobalt, Ltd. | ||||||||
Series 2006-C1, Class A2 | ||||||||
5.17%, 08/15/2048 | 3,734 | 3,806 | ||||||
GE Capital Commercial Mortgage Corp. | ||||||||
Series 2001-3, Class A1 | ||||||||
5.56%, 06/10/2038 | 37 | 37 | ||||||
Series 2005-C1, Class A2 | ||||||||
4.35%, 06/10/2048 | 3,237 | 3,262 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2005-GG3, Class A2 | ||||||||
4.31%, 08/10/2042 | 1,414 | 1,428 | ||||||
Series 2006-GG7, Class A2 | ||||||||
5.88%, 07/10/2038 * | 2,873 | 2,903 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2004-GG2, Class A4 | ||||||||
4.96%, 08/10/2038 | 4,400 | 4,562 | ||||||
Series 2006-GG6, Class A2 | ||||||||
5.51%, 04/10/2038 * | 883 | 888 | ||||||
Series 2006-GG6, Class AAB | ||||||||
5.59%, 04/10/2038 * | 4,250 | 4,501 | ||||||
Series 2006-GG8, Class AAB | ||||||||
5.54%, 11/10/2039 | 4,700 | 4,979 | ||||||
Series 2007-GG10, Class A1 | ||||||||
5.69%, 08/10/2045 | 373 | 380 | ||||||
GS Mortgage Securities Trust | ||||||||
Series 2007-GG10, Class AAB | ||||||||
5.81%, 08/10/2045 * | 5,010 | 5,306 | ||||||
Interstar Millennium Trust | ||||||||
Series 2003-3G, Class A2 | ||||||||
0.80%, 09/27/2035 * | 199 | 186 | ||||||
JPMorgan Chase Commercial Mortgage | ||||||||
Securities Corp. | ||||||||
Series 2002-C2, Class A1 | ||||||||
4.33%, 12/12/2034 | 149 | 151 | ||||||
Series 2006-LDP7, Class A2 | ||||||||
5.86%, 04/15/2045 * | 4,146 | 4,193 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2006-S2, Class 1A17 | ||||||||
6.00%, 07/25/2036 | 2,468 | 2,300 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2003-C7, Class A3 | ||||||||
4.56%, 09/15/2027 * | 4,550 | 4,576 | ||||||
Series 2004-C8, Class A3 | ||||||||
4.44%, 12/15/2029 | 5,000 | 5,058 | ||||||
Series 2005-C7, Class A2 | ||||||||
5.10%, 11/15/2030 | 637 | 638 | ||||||
Series 2006-C4, Class AAB | ||||||||
5.86%, 06/15/2032 * | 4,000 | 4,306 | ||||||
Series 2006-C7, Class A2 | ||||||||
5.30%, 11/15/2038 | 2,607 | 2,660 | ||||||
Series 2007-C2, Class A2 | ||||||||
5.30%, 02/15/2040 | 4,308 | 4,428 | ||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2005-MKB2, Class A2 | ||||||||
4.81%, 09/12/2042 | 2,258 | 2,257 | ||||||
Series 2006-C1, Class A2 | ||||||||
5.61%, 05/12/2039 * | 657 | 677 | ||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2003-C5, Class A1 | ||||||||
2.99%, 06/15/2035 | 1,618 | 1,620 | ||||||
Series 2003-C9, Class A3 | ||||||||
4.61%, 12/15/2035 | 3,242 | 3,384 | ||||||
Series 2007-C30, Class A3 | ||||||||
5.25%, 12/15/2043 | 4,700 | 4,777 | ||||||
Series 2007-C30, Class APB | ||||||||
5.29%, 12/15/2043 | 5,000 | 5,118 | ||||||
Series 2005-9, Class 1A1 | ||||||||
4.75%, 10/25/2035 | 931 | 930 | ||||||
Total Mortgage-Backed Securities (cost $90,756) | 91,522 | |||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 23
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 31.0% | ||||||||
American Express Co. | ||||||||
Series 2006-2, Class C | ||||||||
5.65%, 01/15/2014 - 144A | $ | 2,300 | $ | 2,349 | ||||
AmeriCredit Automobile Receivables Trust | ||||||||
Series 2009-1, Class B | ||||||||
9.79%, 04/15/2014 | 1,000 | 1,138 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2010-5A, Class A | ||||||||
3.15%, 03/20/2017 - 144A | 2,000 | 1,953 | ||||||
Bay View Auto Trust | ||||||||
Series 2005-LJ1, Class A4 | ||||||||
4.09%, 05/25/2012 | 429 | 435 | ||||||
BMW Vehicle Lease Trust | ||||||||
Series 2009-1, Class A3 | ||||||||
2.91%, 03/15/2012 | 1,728 | 1,743 | ||||||
BMW Vehicle Owner Trust | ||||||||
Series 2010-A, Class A4 | ||||||||
2.10%, 10/25/2016 | 4,000 | 4,083 | ||||||
Cabela’s Master Credit Card Trust | ||||||||
Series 2006-3A, Class A1 | ||||||||
5.26%, 10/15/2014 - 144A | 3,000 | 3,092 | ||||||
Capital One Multi-Asset Execution Trust | ||||||||
Series 2006-10, Class A | ||||||||
5.15%, 06/16/2014 | 3,000 | 3,084 | ||||||
Series 2009-A2, Class A2 | ||||||||
3.20%, 04/15/2014 | 1,500 | 1,518 | ||||||
Capital One Prime Auto Receivables Trust | ||||||||
Series 2007-1, Class B | ||||||||
5.76%, 12/15/2013 | 3,000 | 3,051 | ||||||
CarMax Auto Owner Trust | ||||||||
Series 2010-2, Class A3 | ||||||||
1.41%, 02/16/2015 | 4,750 | 4,782 | ||||||
CenterPoint Energy Transition Bond Co., LLC | ||||||||
Series 2009-1, Class A1 | ||||||||
1.83%, 02/15/2016 | 2,624 | 2,660 | ||||||
Chase Funding Mortgage Loan Asset-Backed | ||||||||
Certificates | ||||||||
Series 2003-4, Class 1A6 | ||||||||
4.43%, 10/25/2014 * | 1,824 | 1,840 | ||||||
CIT Equipment Collateral | ||||||||
Series 2009-VT1, Class A3 | ||||||||
3.07%, 08/15/2016 - 144A | 1,705 | 1,722 | ||||||
Citibank Credit Card Issuance Trust | ||||||||
Series 2009-A5, Class A5 | ||||||||
2.25%, 12/23/2014 | 3,000 | 3,067 | ||||||
Citibank Omni Master Trust | ||||||||
Series 2009-A8, Class A8 | ||||||||
2.36%, 05/16/2016 - 144A * | 2,850 | 2,885 | ||||||
CNH Equipment Trust | ||||||||
Series 2007-A, Class B | ||||||||
5.09%, 06/16/2014 | 2,000 | 2,003 | ||||||
Series 2009-B, Class A4 | ||||||||
5.17%, 10/15/2014 | 3,100 | 3,259 | ||||||
Series 2009-C, Class A4 | ||||||||
3.00%, 08/17/2015 | 3,000 | 3,091 | ||||||
Series 2009-C, Class B | ||||||||
4.98%, 04/15/2016 | 500 | 515 | ||||||
Series 2010-A, Class B | ||||||||
4.04%, 09/15/2016 | 2,175 | 2,235 | ||||||
Series 2010-B, Class A4 | ||||||||
1.74%, 01/17/2017 | 4,400 | 4,369 | ||||||
Discover Card Master Trust | ||||||||
Series 2008-A3, Class A3 | ||||||||
5.10%, 10/15/2013 | 4,000 | 4,053 | ||||||
Entergy Texas Restoration Funding LLC | ||||||||
Series 2009-A, Class A1 | ||||||||
1.00%, 02/01/2016 | 2,140 | 2,184 | ||||||
Ford Credit Auto Owner Trust | ||||||||
Series 2006-C, Class D | ||||||||
6.89%, 05/15/2013 - 144A | 2,000 | 2,054 | ||||||
Series 2007-A, Class B | ||||||||
5.60%, 10/15/2012 | 1,000 | 1,042 | ||||||
Series 2009-E, Class A4 | ||||||||
1.00%, 11/15/2014 | 2,480 | 2,546 | ||||||
Series 2010-A, Class A3 | ||||||||
1.32%, 06/15/2014 | 2,630 | 2,649 | ||||||
Series 2010-B, Class A4 | ||||||||
1.58%, 09/15/2015 | 2,725 | 2,736 | ||||||
Series 2010-B, Class B | ||||||||
2.54%, 02/15/2016 | 5,500 | 5,528 | ||||||
Ford Credit Floorplan Master Owner Trust | ||||||||
Series 2010-5, Class A1 | ||||||||
1.50%, 09/15/2015 | 2,000 | 1,984 | ||||||
GE Capital Credit Card Master Note Trust | ||||||||
Series 2009-2, Class A | ||||||||
3.69%, 07/15/2015 | 2,500 | 2,597 | ||||||
Series 2010-3, Class A | ||||||||
2.21%, 06/15/2016 | 3,000 | 3,050 | ||||||
GE Equipment Midticket LLC | ||||||||
Series 2009-1, Class A4 | ||||||||
3.13%, 11/16/2020 | 4,750 | 4,891 | ||||||
Goal Capital Funding Trust | ||||||||
Series 2006-1, Class A1 | ||||||||
0.29%, 08/25/2020 * | 26 | 26 | ||||||
Honda Auto Receivables Owner Trust | ||||||||
Series 2009-2, Class A3 | ||||||||
2.79%, 01/16/2012 | 1,070 | 1,082 | ||||||
Series 2009-2, Class A4 | ||||||||
4.43%, 08/15/2012 | 2,650 | 2,793 | ||||||
Series 2010-1, Class A3 | ||||||||
1.25%, 10/21/2013 | 2,400 | 2,413 | ||||||
Huntington Auto Trust | ||||||||
Series 2008-1A, Class A3A | ||||||||
4.81%, 04/16/2012 - 144A | 1,087 | 1,093 | ||||||
Hyundai Auto Receivables Trust | ||||||||
Series 2008-A, Class A3 | ||||||||
4.93%, 12/17/2012 | 1,986 | 2,025 | ||||||
Series 2010-B, Class A4 | ||||||||
1.63%, 03/15/2017 | 2,000 | 1,980 | ||||||
Massachusetts RRB Special Purpose Trust | ||||||||
Series 2005-1, Class A4 | ||||||||
4.40%, 03/15/2015 | 1,582 | 1,670 | ||||||
MBNA Credit Card Master Note Trust | ||||||||
Series 2004-B1, Class B1 | ||||||||
4.45%, 08/15/2016 | 1,100 | 1,177 | ||||||
Mercedes-Benz Auto Receivables Trust | ||||||||
Series 2010-1, Class A3 | ||||||||
1.42%, 08/15/2014 | 1,745 | 1,760 | ||||||
MMAF Equipment Finance LLC | ||||||||
Series 2009-AA, Class A4 | ||||||||
3.51%, 01/15/2030 - 144A | 5,385 | 5,591 | ||||||
Nissan Auto Lease Trust | ||||||||
Series 2009-B, Class A3 | ||||||||
2.07%, 01/15/2015 | 1,250 | 1,258 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 24
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Popular ABS Mortgage Pass-Through Trust | ||||||||
Series 2005-3, Class AF3 | ||||||||
4.44%, 07/25/2035 * | $ | 460 | $ | 461 | ||||
Railcar Leasing LLC | ||||||||
Series 1, Class A2 | ||||||||
7.13%, 01/15/2013 - 144A Ə | 5,887 | 6,238 | ||||||
Toyota Auto Receivables Owner Trust | ||||||||
Series 2010-A, Class A3 | ||||||||
1.27%, 12/16/2013 | 4,000 | 4,027 | ||||||
USAA Auto Owner Trust | ||||||||
Series 2009-2, Class A4 | ||||||||
2.53%, 06/17/2013 | 1,005 | 1,035 | ||||||
Series 2010-1, Class A3 | ||||||||
1.30%, 06/16/2014 | 3,200 | 3,220 | ||||||
Volkswagen Auto Lease Trust | ||||||||
Series 2009-A, Class A3 | ||||||||
3.41%, 04/16/2012 | 3,192 | 3,226 | ||||||
Volkswagen Auto Loan Enhanced Trust | ||||||||
Series 2010-1, Class A4 | ||||||||
2.14%, 08/22/2016 | 1,870 | 1,905 | ||||||
World Financial Network Credit Card | ||||||||
Master Trust | ||||||||
Series 2010-A, Class A | ||||||||
3.96%, 04/15/2019 | 4,750 | 4,872 | ||||||
World Omni Auto Receivables Trust | ||||||||
Series 2007-AA, Class B | ||||||||
5.31%, 12/15/2014 - 144A | 3,500 | 3,538 | ||||||
Series 2010-A, Class A4 | ||||||||
2.21%, 09/15/2013 | 2,200 | 2,246 | ||||||
Total Asset-Backed Securities (cost $143,093) | 143,824 | |||||||
CORPORATE DEBT SECURITIES - 33.0% | ||||||||
Air Freight & Logistics - 0.2% | ||||||||
United Parcel Service, Inc. | ||||||||
3.88%, 04/01/2014 | 950 | 1,012 | ||||||
Beverages - 2.0% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
2.50%, 03/26/2013 ^ | 3,875 | 3,965 | ||||||
Bottling Group LLC | ||||||||
6.95%, 03/15/2014 ^ | 4,210 | 4,878 | ||||||
Capital Markets - 5.1% | ||||||||
Credit Suisse | ||||||||
5.50%, 05/01/2014 | 4,230 | 4,639 | ||||||
Deutsche Bank AG | ||||||||
2.38%, 01/11/2013 ^ | 4,840 | 4,911 | ||||||
Goldman Sachs Group, Inc. | ||||||||
0.47%, 02/06/2012 * | 4,330 | 4,325 | ||||||
6.60%, 01/15/2012 | 2,800 | 2,961 | ||||||
Morgan Stanley | ||||||||
6.00%, 05/13/2014 | 6,100 | 6,591 | ||||||
Chemicals - 0.4% | ||||||||
Airgas, Inc. | ||||||||
4.50%, 09/15/2014 | 1,560 | 1,634 | ||||||
Commercial Banks - 3.2% | ||||||||
Bank of Nova Scotia | ||||||||
2.25%, 01/22/2013 | 6,640 | 6,761 | ||||||
Wells Fargo Bank NA - Series AI | ||||||||
4.75%, 02/09/2015 | 5,000 | 5,304 | ||||||
Westpac Banking Corp. | ||||||||
2.25%, 11/19/2012 | 2,705 | 2,768 | ||||||
Commercial Services & Supplies - 1.4% | ||||||||
Yale University | ||||||||
2.90%, 10/15/2014 | 6,250 | 6,446 | ||||||
Consumer Finance 1.8% | ||||||||
American Express Credit Corp. | ||||||||
7.30%, 08/20/2013 | 3,350 | 3,775 | ||||||
Capital One Financial Corp. | ||||||||
5.70%, 09/15/2011 ^ | 4,520 | 4,666 | ||||||
Diversified Financial Services - 6.3% | ||||||||
Citigroup, Inc. | ||||||||
5.30%, 10/17/2012 | 4,625 | 4,899 | ||||||
CME Group, Inc. | ||||||||
5.40%, 08/01/2013 | 2,275 | 2,505 | ||||||
Diageo Finance BV | ||||||||
5.50%, 04/01/2013 ^ | 3,320 | 3,624 | ||||||
General Electric Capital Corp. | ||||||||
1.88%, 09/16/2013 ^ | 2,000 | 2,001 | ||||||
John Deere Capital Corp. | ||||||||
5.25%, 10/01/2012 | 2,875 | 3,092 | ||||||
JPMorgan Chase & Co. | ||||||||
4.65%, 06/01/2014 | 5,610 | 5,989 | ||||||
Merrill Lynch & Co., Inc. | ||||||||
5.45%, 02/05/2013 | 3,025 | 3,191 | ||||||
NYSE Euronext | ||||||||
4.80%, 06/28/2013 | 3,670 | 3,939 | ||||||
Diversified Telecommunication Services - 1.5% | ||||||||
AT&T, Inc. | ||||||||
4.95%, 01/15/2013 | 6,375 | 6,833 | ||||||
Electric Utilities - 0.5% | ||||||||
Public Service Electric & Gas Co. | ||||||||
5.13%, 09/01/2012 | 2,365 | 2,522 | ||||||
Food & Staples Retailing - 1.0% | ||||||||
CVS Caremark Corp. | ||||||||
3.25%, 05/18/2015 ^ | 1,100 | 1,118 | ||||||
5.75%, 08/15/2011 | 3,470 | 3,578 | ||||||
Household Products - 0.8% | ||||||||
Procter & Gamble Co. | ||||||||
1.38%, 08/01/2012 ^ | 3,870 | 3,913 | ||||||
Insurance - 4.2% | ||||||||
Berkshire Hathaway Finance Corp. | ||||||||
5.00%, 08/15/2013 | 2,465 | 2,691 | ||||||
Berkshire Hathaway, Inc. | ||||||||
1.40%, 02/10/2012 ^ | 4,920 | 4,956 | ||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 09/29/2015 - 144A | 7,285 | 7,178 | ||||||
5.13%, 06/10/2014 - 144A | 430 | 468 | ||||||
New York Life Global Funding | ||||||||
5.38%, 09/15/2013 - 144A | 3,745 | 4,132 | ||||||
Office Electronics - 0.8% | ||||||||
Xerox Corp. | ||||||||
8.25%, 05/15/2014 | 3,005 | 3,508 | ||||||
Oil, Gas & Consumable Fuels - 0.9% | ||||||||
Shell International Finance BV | ||||||||
4.00%, 03/21/2014 | 4,025 | 4,283 | ||||||
Pharmaceuticals - 0.7% | ||||||||
Novartis Capital Corp. | ||||||||
1.90%, 04/24/2013 | 3,215 | 3,266 | ||||||
Real Estate Investment Trusts - 0.2% | ||||||||
Boston Properties, LP | ||||||||
6.25%, 01/15/2013 | 776 | 846 | ||||||
Wireless Telecommunication Services - 2.0% | ||||||||
ALLTEL Corp. | ||||||||
7.00%, 07/01/2012 | 6,150 | 6,673 | ||||||
Cellco Partnership/Verizon Wireless | ||||||||
Capital LLC | ||||||||
3.75%, 05/20/2011 | 2,825 | 2,860 | ||||||
Total Corporate Debt Securities (cost $149,748) | 152,701 | |||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 25
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 2.6% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 12,193,958 | $ | 12,194 | |||||
Total Securities Lending Collateral (cost $12,194) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.5% | ||||||||
State Street Bank & Trust Co. | ||||||||
0.01% ▲, dated 12/31/2010, to be repurchased at $7,006 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $7,151. | $ | 7,006 | 7,006 | |||||
Total Repurchase Agreement (cost $7,006) | ||||||||
Total Investment Securities (cost $468,347) # | 473,319 | |||||||
Other Assets and Liabilities - Net | (9,618 | ) | ||||||
Net Assets | $ | 463,701 | ||||||
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
Ə | Security fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. This security had a market value of $6,238, or 1.35% of the fund’s net assets. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $11,949. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $468,347. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $6,759 and $1,787, respectively. Net unrealized appreciation for tax purposes is $4,972. |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $42,293, or 9.12%, of the fund’s net assets. |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Asset-Backed Securities | $ | — | $ | 143,824 | $ | — | $ | 143,824 | ||||||||
Corporate Debt Securities | — | 152,701 | — | 152,701 | ||||||||||||
Foreign Government Obligation | — | 4,040 | — | 4,040 | ||||||||||||
Mortgage-Backed Securities | — | 91,522 | — | 91,522 | ||||||||||||
Repurchase Agreement | — | 7,006 | — | 7,006 | ||||||||||||
Securities Lending Collateral | 12,194 | — | — | 12,194 | ||||||||||||
U.S. Government Agency Obligations | — | 15,624 | — | 15,624 | ||||||||||||
U.S. Government Obligations | — | 46,408 | — | 46,408 | ||||||||||||
Total | $ | 12,194 | $ | 461,125 | $ | — | $ | 473,319 |
Beginning | Net Transfers | Ending | ||||||||||||||||||||||||||
Balance at | Net | Accrued | Total Realized | Change in Unrealized | In/(Out) of | Balance at | ||||||||||||||||||||||
Securities | 12/31/2009 | Purchases/(Sales) | Discounts/(Premiums) | Gain/(Loss) | Appreciation/(Depreciation) | Level 3 | 12/31/2010 | |||||||||||||||||||||
Asset-Backed Securities | $ | 5,009 | $ | 2,968 | $ | — | $ | (38 | ) | $ | 225 | $ | (8,164 | ) | $ | — |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 26
At December 31, 2010
(all amounts except share amounts in thousands)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 93.2% | ||||||||
U.S. Treasury Bond | ||||||||
3.88%, 08/15/2040 | $ | 530 | $ | 488 | ||||
4.38%, 05/15/2040 | 830 | 834 | ||||||
5.25%, 02/15/2029 ^ α | 5,195 | 5,958 | ||||||
U.S. Treasury Inflation Indexed Bond | ||||||||
1.75%, 01/15/2028 ^ | 7,809 | 7,949 | ||||||
2.00%, 01/15/2026 | 15,250 | 16,193 | ||||||
2.13%, 02/15/2040 | 22,364 | 23,672 | ||||||
2.38%, 01/15/2025 - 01/15/2027 | 28,142 | 31,309 | ||||||
2.50%, 01/15/2029 ^ | 565 | 641 | ||||||
3.38%, 04/15/2032 | 944 | 1,220 | ||||||
3.63%, 04/15/2028 | 7,234 | 9,338 | ||||||
3.88%, 04/15/2029 | 12,745 | 17,093 | ||||||
U.S. Treasury Inflation Indexed Note | ||||||||
0.50%, 04/15/2015 | 28,973 | 29,617 | ||||||
0.63%, 04/15/2013 | 869 | 895 | ||||||
1.25%, 04/15/2014 - 07/15/2020 | 12,159 | 12,562 | ||||||
1.38%, 07/15/2018 | 7,525 | 7,930 | ||||||
1.38%, 01/15/2020 ^ γ | 5,722 | 5,946 | ||||||
1.63%, 01/15/2015 - 01/15/2018 | 10,269 | 10,968 | ||||||
1.88%, 07/15/2013 - 7/15/2015 | 26,754 | 28,714 | ||||||
1.88%, 07/15/2019 ^ γ | 7,810 | 8,492 | ||||||
2.00%, 04/15/2012 - 01/15/2016 | 23,332 | 25,019 | ||||||
2.00%, 01/15/2014 ^ | 7,221 | 7,750 | ||||||
2.13%, 01/15/2019 | 2,201 | 2,435 | ||||||
2.38%, 01/15/2017 ^ | 15,546 | 17,324 | ||||||
2.50%, 07/15/2016 | 14,831 | 16,645 | ||||||
2.63%, 07/15/2017 | 876 | 997 | ||||||
3.00%, 07/15/2012 | 7,558 | 8,028 | ||||||
3.38%, 01/15/2012 | 7,230 | 7,558 | ||||||
Total U.S. Government Obligations (cost $297,601) | 305,575 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.3% | ||||||||
Hellenic Republic Government Bond | ||||||||
2.30%, 07/25/2030 | EUR | 1,124 | 659 | |||||
International Bank for Reconstruction & Development CPI | ||||||||
1.64%, 12/10/2013 * | $ | 315 | 322 | |||||
Total Foreign Government Obligations (cost $1,318) | 981 | |||||||
MORTGAGE-BACKED SECURITY - 0.2% | ||||||||
GMAC Commercial Mortgage Securities, Inc. | ||||||||
Series 2004-C3, Class A4 | ||||||||
4.55%, 12/10/2041 | 695 | 705 | ||||||
Total Mortgage-Backed Security (cost $666) | ||||||||
CORPORATE DEBT SECURITY - 0.2% | ||||||||
Diversified Financial Services - 0.2% | ||||||||
Bear Stearns Cos., LLC CPI | ||||||||
2.97%, 03/10/2014 * | 649 | 657 | ||||||
Total Corporate Debt Security (cost $608) | ||||||||
STRUCTURED NOTE DEBT - 0.3% | ||||||||
Consumer Finance - 0.3% | ||||||||
SLM Corp. CPI | ||||||||
3.29%, 01/31/2014 * | 900 | 833 | ||||||
Total Structured Note Debt (cost $835) |
Notional | ||||||||
Amount | Value | |||||||
PURCHASED SWAPTIONS - 0.2% | ||||||||
Call Swaptions - 0.1% | ||||||||
If exercised the Portfolio receives 4.39%, and pays floating 3 month LIBOR, European Style Expires 05/08/2012 | $ | 5,000 | $ | 306 | ||||
If exercised the Portfolio receives 4.39%, and pays floating 3 month LIBOR, European Style Expires 07/15/2015 | 2,200 | 100 | ||||||
Put Swaptions - 0.1% | ||||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.39%, European Style Expires 05/08/2012 | 5,000 | 162 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.39%, European Style Expires 07/15/2015 | 2,200 | 183 | ||||||
Total Purchased Swaptions (cost $875) | 751 | |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 4.2% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 13,872,018 | 13,872 | ||||||
Total Securities Lending Collateral (cost $13,872) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.5% | ||||||||
State Street Bank & Trust Co. | ||||||||
0.01% ▲, dated 12/31/2010, to be repurchased at $18,187 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $18,554. | $ | 18,187 | 18,187 | |||||
Total Repurchase Agreement (cost $18,187) | ||||||||
Total Investment Securities (cost $333,962) # | 341,561 | |||||||
Other Assets and Liabilities - Net | (13,551 | ) | ||||||
Net Assets | $ | 328,010 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 27
At December 31, 2010
(all amounts in thousands)
Floating Rate | Pay/Receive | Exercise | Expiration | Notional | Premiums Paid | |||||||||||||||||
Description | Index | Floating Rate | Rate | Date | Amount | (Received) | Value | |||||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.98 | 12/19/2011 | $ | (7,700 | ) | $ | (311 | ) | $ | (331 | ) | |||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.06 | 07/15/2013 | (2,600 | ) | (148 | ) | (101 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.13 | 12/16/2011 | (8,600 | ) | (354 | ) | (436 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 5.39 | 01/06/2015 | (2,500 | ) | (172 | ) | (225 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.98 | 12/19/2011 | (7,700 | ) | (310 | ) | (254 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.06 | 07/15/2013 | (2,600 | ) | (148 | ) | (187 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.13 | 12/16/2011 | (8,600 | ) | (355 | ) | (242 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 5.39 | 01/06/2015 | (2,500 | ) | (173 | ) | (124 | ) | ||||||||||||
$ | (1,971 | ) | $ | (1,900 | ) | |||||||||||||||||
Premiums | Net Unrealized | |||||||||||||||||||||||||
Maturity | Currency | Notional | Market | Paid | Appreciation | |||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | (Received) | (Depreciation) | ||||||||||||||||||
3-Month USD LIBOR | 0.83 | % | 07/27/2012 | DUB | USD | $ | 17,600 | $ | (51 | ) | $ | — | $ | (51 | ) | |||||||||||
3-Month USD-LIBOR | 0.94 | 12/20/2012 | DUB | USD | 3,800 | (11 | ) | — | (11 | ) | ||||||||||||||||
3-Month USD-LIBOR | 2.34 | 12/20/2015 | DUB | USD | 5,800 | (50 | ) | — | (50 | ) | ||||||||||||||||
U.S. CPI Urban Consumers NAS | 1.84 | 10/25/2015 | MYC | USD | 9,460 | 103 | — | 103 | ||||||||||||||||||
$ | (9 | ) | $ | — | $ | (9 | ) | |||||||||||||||||||
Premiums | Net Unrealized | |||||||||||||||||||||||||||||||
Maturity | Currency | Notional | Market | Paid | Appreciation | |||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | (Received) | (Depreciation) | ||||||||||||||||||||||||
3-Month USD LIBOR | 0.30 | % | 06/24/2015 | DUB | USD | $ | 5,700 | $ | 72 | $ | — | $ | 72 | |||||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/16/2020 | CBK | USD | 700 | (5 | ) | (4 | ) | (1 | ) | |||||||||||||||||||||
U.S. CPI Urban Consumers NAS | 1.00 | 10/25/2020 | MYC | USD | 4,990 | (51 | ) | — | (51 | ) | ||||||||||||||||||||||
$ | 16 | $ | (4 | ) | $ | 20 | ||||||||||||||||||||||||||
Net Unrealized | ||||||||||||||
Appreciation | ||||||||||||||
Description | Type | Contracts Г | Expiration Date | (Depreciation) | ||||||||||
10-Year U.S. Treasury Note | Long | 161 | 03/22/2011 | $ | (78 | ) | ||||||||
2-Year U.S. Treasury Note | Long | 125 | 03/31/2011 | (11 | ) | |||||||||
5-Year U.S. Treasury Note | Short | (240 | ) | 03/31/2011 | 10 | |||||||||
Ultra Long U.S. Treasury Bond | Short | (42 | ) | 03/22/2011 | 48 | |||||||||
$ | (31 | ) | ||||||||||||
Amount in U.S. | Net Unrealized | |||||||||||||||
Settlement | Dollars Bought | Appreciation | ||||||||||||||
Currency | Bought (Sold) | Date | (Sold) | (Depreciation) | ||||||||||||
Euro | (455 | ) | 01/28/2011 | $ | (623 | ) | $ | 15 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 28
At December 31, 2010
(all amounts in thousands)
^ | All or a portion of this security is on loan. The value of all securities on loan is $13,597. | |
α | All or a portion of this security is segregated as collateral with the broker for open swap contracts and/or for swaptions. The value of these securities at 12/31/2010 is $1,749. | |
γ | A portion of these securities in the amount of $396 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $335,206. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $8,668 and $2,313, respectively. Net unrealized appreciation for tax purposes is $6,355. | |
Г | Contract amounts are not in thousands. |
CBK | Citibank N.A. | |
CPI | Consumer Price Index | |
DUB | Deutsche Bank AG | |
EUR | Euro | |
LIBOR | London Interbank Offered Rate | |
MYC | Morgan Stanley Capital Services | |
NAS | National Academy of Sciences | |
USD | United States Dollar |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Corporate Debt Security | $ | — | $ | 657 | $ | — | $ | 657 | ||||||||
Foreign Government Obligations | — | 981 | — | 981 | ||||||||||||
Mortgage-Backed Security | — | 705 | — | 705 | ||||||||||||
Purchased Swaptions | — | 751 | — | 751 | ||||||||||||
Repurchase Agreement | — | 18,187 | — | 18,187 | ||||||||||||
Securities Lending Collateral | 13,872 | — | — | 13,872 | ||||||||||||
Structured Note Debt | — | 833 | — | 833 | ||||||||||||
U.S. Government Obligations | — | 305,575 | — | 305,575 | ||||||||||||
Total | $ | 13,872 | $ | 327,689 | $ | — | $ | 341,561 | ||||||||
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Swaptions | $ | — | $ | (1,900 | ) | $ | — | $ | (1,900 | ) | ||||||
Other Financial Instruments* | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Interest Rate Swap - Appreciation | $ | — | $ | 175 | $ | — | $ | 175 | ||||||||
Interest Rate Swap - Depreciation | — | (164 | ) | — | (164 | ) | ||||||||||
Futures Contracts - Appreciation | 58 | — | — | 58 | ||||||||||||
Futures Contracts - Depreciation | (89 | ) | — | — | (89 | ) | ||||||||||
Forward Foreign Currency Contracts - Appreciation | — | 15 | — | 15 | ||||||||||||
Total | $ | (31 | ) | $ | 26 | $ | — | $ | (5 | ) |
* | Other financial instruments are derivative instruments including, but not limited to, Futures Contracts, Forward Foreign Currency Contracts, and Swap Contracts that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 29
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 7.6% | ||||||||
U.S. Treasury Bond | ||||||||
1.38%, 11/30/2015 | $ | 7,755 | $ | 7,536 | ||||
2.25%, 11/30/2017 ^ | 11,910 | 11,582 | ||||||
2.63%, 11/15/2020 | 8,454 | 7,974 | ||||||
3.88%, 08/15/2040 | 4,560 | 4,200 | ||||||
4.25%, 11/15/2040 | 18,195 | 17,899 | ||||||
U.S. Treasury Note | ||||||||
0.50%, 11/30/2012 | 61,200 | 61,122 | ||||||
0.50%, 10/15/2013 γ | 5,515 | 5,453 | ||||||
1.25%, 10/31/2015 | 8,480 | 8,207 | ||||||
Total U.S. Government Obligations (cost $123,619) | 123,973 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 47.6% | ||||||||
Fannie Mae | ||||||||
Zero Coupon, 10/09/2019 | 500 | 316 | ||||||
2.04%, 01/01/2035 * | 61 | 63 | ||||||
2.19%, 08/01/2034 * | 27 | 28 | ||||||
2.77%, 08/01/2035 * | 179 | 187 | ||||||
2.84%, 11/01/2035 * | 7,712 | 8,054 | ||||||
3.32%, 12/01/2040 * Ə | 4,120 | 4,180 | ||||||
4.50%, 12/01/2040 | 85,886 | 88,240 | ||||||
4.63%, 05/01/2013 α | 10,200 | 10,965 | ||||||
5.00%, 11/01/2033 - 08/01/2040 | 55,228 | 58,311 | ||||||
5.25%, 08/01/2012 γ | 5,040 | 5,384 | ||||||
5.50%, 07/01/2014 - 10/01/2038 | 138,938 | 149,052 | ||||||
5.77%, 08/01/2037 * | 21 | 23 | ||||||
6.00%, 02/01/2034 - 04/01/2040 | 56,717 | 61,894 | ||||||
6.00%, 04/01/2035 α | 23,196 | 25,553 | ||||||
7.00%, 01/01/2015 - 09/01/2016 | 162 | 177 | ||||||
Fannie Mae, TBA | ||||||||
3.50% | 4,000 | 4,028 | ||||||
4.00% | 178,200 | 177,963 | ||||||
4.50% | 32,100 | 33,033 | ||||||
5.00% | 8,900 | 9,442 | ||||||
5.50% | 10,300 | 11,073 | ||||||
6.50% | 33,800 | 37,560 | ||||||
Farmer Mac Guaranteed Notes Trust 2007-1 | ||||||||
5.13%, 04/19/2017 - 144A | 900 | 979 | ||||||
Freddie Mac, TBA | ||||||||
5.00% | 1,000 | 1,049 | ||||||
5.50% | 100 | 107 | ||||||
Freddie Mac | ||||||||
2.85%, 04/01/2035 * | 2,090 | 2,179 | ||||||
2.96%, 12/01/2034 | 50 | 52 | ||||||
4.50%, 12/01/2040 | 44,600 | 45,746 | ||||||
4.74%, 09/01/2035 * | 5,429 | 5,706 | ||||||
5.50%, 06/15/2015 - 12/01/2016 | 3,632 | 3,952 | ||||||
5.57%, 01/01/2038 * | 1,506 | 1,600 | ||||||
5.63%, 06/13/2016 | 9,195 | 9,957 | ||||||
5.73%, 02/01/2037 * | 105 | 112 | ||||||
5.77%, 05/01/2037 * | 229 | 243 | ||||||
5.86%, 05/01/2037 * | 222 | 234 | ||||||
5.92%, 04/01/2037 * | 572 | 608 | ||||||
6.00%, 02/01/2013 - 05/01/2031 | 1,975 | 2,165 | ||||||
6.02%, 09/01/2037 * | 340 | 366 | ||||||
Ginnie Mae | ||||||||
6.50%, 12/20/2031 | 51 | 58 | ||||||
Resolution Funding Corp., Interest STRIPS | ||||||||
07/15/2018 | 1,200 | 940 | ||||||
10/15/2018 | 1,200 | 929 | ||||||
Small Business Administration | ||||||||
4.50%, 02/01/2014 | 552 | 577 | ||||||
Tennessee Valley Authority | ||||||||
5.25%, 09/15/2039 | 7,500 | 7,929 | ||||||
5.98%, 04/01/2036 | 440 | 509 | ||||||
Total U.S. Government Agency Obligations (cost $765,298) | 771,523 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 1.2% | �� | |||||||
Hellenic Republic Government Bond | ||||||||
4.60%, 09/20/2040 | EUR | 780 | 549 | |||||
Israel Government AID Bond | ||||||||
5.50%, 09/18/2023 | $ | 9,700 | 11,135 | |||||
Japan Finance Corp. | ||||||||
2.00%, 06/24/2011 | 4,175 | 4,206 | ||||||
United Mexican States | ||||||||
5.13%, 01/15/2020 ^ | 1,335 | 1,392 | ||||||
5.63%, 01/15/2017 | 1,693 | 1,872 | ||||||
Total Foreign Government Obligations (cost $17,887) | 19,154 | |||||||
MORTGAGE-BACKED SECURITIES - 21.0% | ||||||||
Adjustable Rate Mortgage Trust | ||||||||
Series 2004-2, Class 7A2 | ||||||||
0.68%, 02/25/2035 * | 34 | 30 | ||||||
American Home Mortgage Assets | ||||||||
Series 2006-2, Class 2A1 | ||||||||
0.45%, 09/25/2046 * | 1,296 | 712 | ||||||
American Home Mortgage Investment Trust | ||||||||
Series 2005-4, Class 1A1 | ||||||||
0.55%, 11/25/2045 * | 205 | 138 | ||||||
Arkle Master Issuer PLC | ||||||||
Series 2010-1A, Class 2A | ||||||||
1.43%, 05/17/2060 - 144A * | 7,140 | 7,093 | ||||||
Banc of America Alternative Loan Trust | ||||||||
Series 2004-7, Class 4A1 | ||||||||
5.00%, 08/25/2019 | 2,176 | 2,219 | ||||||
Banc of America Commercial Mortgage, Inc. | ||||||||
Series 2001-1, Class A2 | ||||||||
6.50%, 04/15/2036 | 3,469 | 3,481 | ||||||
Series 2002-2, Class A3 | ||||||||
5.12%, 07/11/2043 | 16,715 | 17,219 | ||||||
Series 2002-PB2, Class A4 | ||||||||
6.19%, 06/11/2035 | 10,630 | 11,006 | ||||||
Series 2005-3, Class A4 | ||||||||
4.67%, 07/10/2043 | 1,214 | 1,275 | ||||||
Series 2006-4, Class A4 | ||||||||
5.63%, 07/10/2046 | 4,373 | 4,692 | ||||||
Series 2006-5, Class AM | ||||||||
5.45%, 09/10/2047 | 525 | 520 | ||||||
Series 2007-1, Class A4 | ||||||||
5.45%, 01/15/2049 | 7,045 | 7,349 | ||||||
Series 2007-3, Class A2 | ||||||||
5.66%, 06/10/2049 * | 3,500 | 3,637 | ||||||
Series 2007-3, Class A4 | ||||||||
5.66%, 06/10/2049 * | 1,790 | 1,837 | ||||||
Banc of America Funding Corp. | ||||||||
Series 2005-E, Class 4A1 | ||||||||
2.85%, 03/20/2035 * | 532 | 508 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2004-8, Class 14A1 | ||||||||
5.41%, 11/25/2034 * | 2,842 | 2,672 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 30
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES — (continued) | ||||||||
Bear Stearns Adjustable Rate Mortgage Trust (continued) | ||||||||
Series 2005-1, Class 4A1 | ||||||||
5.28%, 03/25/2035 * | $ | 3,109 | $ | 2,754 | ||||
Bear Stearns Alt-A Trust | ||||||||
Series 2004-11, Class 2A2 | ||||||||
3.21%, 11/25/2034 * | 154 | 115 | ||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2005-PW10, Class AM | ||||||||
5.45%, 12/11/2040 * | 610 | 615 | ||||||
Bear Stearns Mortgage Funding Trust | ||||||||
Series 2006-AR5, Class 1A2 | ||||||||
0.47%, 12/25/2046 * | 1,290 | 355 | ||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2006-C5, Class A4 | ||||||||
5.43%, 10/15/2049 | 1,585 | 1,693 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | ||||||||
Series 2006-CD3, Class A5 | ||||||||
5.62%, 10/15/2048 | 2,940 | 3,154 | ||||||
Series 2007-CD4, Class A4 | ||||||||
5.32%, 12/11/2049 | 1,038 | 1,075 | ||||||
Commercial Mortgage Pass-Through Certificates | ||||||||
Series 2007-C9, Class A4 | ||||||||
5.81%, 12/10/2049 * | 3,000 | 3,228 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2005-36, Class 2A1A | ||||||||
0.57%, 08/25/2035 * | 2,162 | 1,148 | ||||||
Series 2005-36, Class 3A1 | ||||||||
2.98%, 08/25/2035 * | 235 | 161 | ||||||
Series 2005-38, Class A3 | ||||||||
0.61%, 09/25/2035 * | 563 | 353 | ||||||
Series 2005-44, Class 1A1 | ||||||||
0.59%, 10/25/2035 * | 129 | 79 | ||||||
Series 2005-50CB, Class 1A1 | ||||||||
5.50%, 11/25/2035 | 4,971 | 3,985 | ||||||
Series 2005-51, Class 3A3A | ||||||||
0.58%, 11/20/2035 * | 1,855 | 1,106 | ||||||
Series 2005-59, Class 1A1 | ||||||||
0.59%, 11/20/2035 * | 282 | 172 | ||||||
Series 2006-OA2, Class A5 | ||||||||
0.49%, 05/20/2046 * | 833 | 377 | ||||||
Series 2006-OA21, Class A1 | ||||||||
0.45%, 03/20/2047 * | 5,038 | 2,731 | ||||||
Series 2007-5CB, Class 1A31 | ||||||||
5.50%, 04/25/2037 | 3,655 | 2,463 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2003-60, Class 1A1 | ||||||||
3.61%, 02/25/2034 * | 284 | 250 | ||||||
Series 2004-23, Class A | ||||||||
2.52%, 11/25/2034 * | 138 | 92 | ||||||
Series 2004-R2, Class 1AF1 | ||||||||
0.68%, 11/25/2034 - 144A * | 77 | 67 | ||||||
Series 2005-3, Class 1A2 | ||||||||
0.55%, 04/25/2035 * | 397 | 258 | ||||||
Series 2005-R1, Class 1AF1 | ||||||||
0.62%, 03/25/2035 - 144A * | 132 | 109 | ||||||
Series 2005-R3, Class AF | ||||||||
0.66%, 09/25/2035 - 144A * | 204 | 175 | ||||||
Series 2006-OA5, Class 2A1 | ||||||||
0.46%, 04/25/2036 * | 2,123 | 1,283 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2002-CKS4, Class A2 | ||||||||
5.18%, 11/15/2036 | 10,280 | 10,719 | ||||||
Series 2003-C3, Class A5 | ||||||||
3.94%, 05/15/2038 | 14,005 | 14,530 | ||||||
Series 2004-AR5, Class 7A2 | ||||||||
2.71%, 06/25/2034 * | 613 | 584 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2007-C2, Class A2 | ||||||||
5.45%, 01/15/2049 * | 2,100 | 2,141 | ||||||
Deutsche ALT-A Securities, Inc., Alternate | ||||||||
Loan Trust | ||||||||
Series 2006-OA1, Class A1 | ||||||||
0.46%, 02/25/2047 * | 3,307 | 2,141 | ||||||
Deutsche Mortgage Securities, Inc. | ||||||||
Series 2005-W, Class 1A3 | ||||||||
5.20%, 06/26/2035 - 144A * | 1,270 | 1,167 | ||||||
Extended Stay America Trust | ||||||||
Series 2010-ESHA, Class A | ||||||||
2.95%, 11/05/2027 - 144A | 11,302 | 11,115 | ||||||
Series 2010-ESHA, Class C | ||||||||
4.86%, 11/05/2027 - 144A | 3,330 | 3,264 | ||||||
First Horizon Alternative Mortgage Securities | ||||||||
Series 2006-FA8, Class 1A8 | ||||||||
0.63%, 02/25/2037 * | 569 | 293 | ||||||
First Union National Bank Commercial Mortgage | ||||||||
Series 2001-C2, Class A2 | ||||||||
6.66%, 01/12/2043 | 2,166 | 2,165 | ||||||
GE Capital Commercial Mortgage Corp. | ||||||||
Series 2002-1A, Class A3 | ||||||||
6.27%, 12/10/2035 | 10,065 | 10,486 | ||||||
Series 2002-2A, Class A3 | ||||||||
5.35%, 08/11/2036 | 11,875 | 12,423 | ||||||
GMAC Commercial Mortgage Securities, Inc. | ||||||||
Series 2006-C1, Class A4 | ||||||||
5.24%, 11/10/2045 * | 800 | 849 | ||||||
Series 2006-C1, Class AM | ||||||||
5.29%, 11/10/2045 * | 920 | 916 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2003-AR2, Class 1A1 | ||||||||
3.77%, 12/19/2033 * | 43 | 43 | ||||||
Series 2005-AR1, Class 3A | ||||||||
3.31%, 03/18/2035 * | 158 | 140 | ||||||
Greenpoint Mortgage Funding Trust | ||||||||
Series 2006-AR4, Class A1A | ||||||||
0.36%, 09/25/2046 * | 47 | 47 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2005-GG3, Class A3 | ||||||||
4.57%, 08/10/2042 | 11,200 | 11,457 | ||||||
Series 2006-GG7, Class AM | ||||||||
5.88%, 07/10/2038 * | 1,430 | 1,473 | ||||||
Series 2007-GG9, Class A4 | ||||||||
5.44%, 03/10/2039 | 3,840 | 4,046 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2005-GG4, Class A4A | ||||||||
4.75%, 07/10/2039 | 3,175 | 3,348 | ||||||
Series 2005-GG4, Class AABA | ||||||||
4.68%, 07/10/2039 | 166 | 173 | ||||||
GSMPS Mortgage Loan Trust | ||||||||
Series 2005-RP3, Class 1AF | ||||||||
0.61%, 09/25/2035 - 144A * | 220 | 183 | ||||||
GSR Mortgage Loan Trust | ||||||||
Series 2004-9, Class 3A1 | ||||||||
2.86%, 08/25/2034 * | 1,890 | 1,717 | ||||||
Series 2005-AR1, Class 2A1 | ||||||||
2.95%, 01/25/2035 * | 3,171 | 2,893 | ||||||
Series 2005-AR4, Class 6A1 | ||||||||
5.25%, 07/25/2035 * | 4,997 | 4,811 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 31
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES - (continued) | ||||||||
Harborview Mortgage Loan Trust | ||||||||
Series 2005-8, Class 1A2A | ||||||||
0.59%, 09/19/2035 * | $ | 550 | $ | 359 | ||||
Series 2006-10, Class 2A1A | ||||||||
0.44%, 11/19/2036 * | 1,839 | 1,205 | ||||||
Series 2006-11, Class A1A | ||||||||
0.43%, 12/19/2036 * | 7,020 | 4,552 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1 | ||||||||
1.06%, 10/25/2034 * | 79 | 62 | ||||||
IndyMac INDA Mortgage Loan Trust | ||||||||
Series 2006-AR2, Class 4A1 | ||||||||
5.54%, 09/25/2036 * | 3,056 | 2,442 | ||||||
Series 2007-AR7, Class 1A1 | ||||||||
5.87%, 09/25/2037 * | 898 | 722 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2005-AR14, Class 2A1A | ||||||||
0.56%, 07/25/2035 * | 1,857 | 1,256 | ||||||
Series 2005-AR15, Class A2 | ||||||||
5.05%, 09/25/2035 * | 82 | 68 | ||||||
Series 2007-AR15, Class 2A1 | ||||||||
5.26%, 08/25/2037 * | 1,639 | 1,094 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2001-C1, Class A3 | ||||||||
5.86%, 10/12/2035 | 9,466 | 9,584 | ||||||
Series 2001-CIB2, Class A3 | ||||||||
6.43%, 04/15/2035 | 5,159 | 5,228 | ||||||
Series 2004-CB8, Class A1A | ||||||||
4.16%, 01/12/2039 - 144A | 1,576 | 1,606 | ||||||
Series 2007-CB18, Class A3 | ||||||||
5.45%, 06/12/2047 | 4,020 | 4,165 | ||||||
Series 2007-LD11, Class A3 | ||||||||
5.82%, 06/15/2049 * | 1,100 | 1,157 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A1, Class 1A1 | ||||||||
4.75%, 02/25/2034 * | 539 | 541 | ||||||
Series 2004-A3, Class 1A1 | ||||||||
2.68%, 07/25/2034 * | 127 | 123 | ||||||
Series 2006-A2, Class 5A1 | ||||||||
2.97%, 11/25/2033 * | 261 | 259 | ||||||
Series 2006-S2, Class 2A2 | ||||||||
5.88%, 07/25/2036 | 914 | 866 | ||||||
Series 2006-S3, Class 1A12 | ||||||||
6.50%, 08/25/2036 | 2,631 | 2,432 | ||||||
Series 2007-S1, Class 1A2 | ||||||||
5.50%, 03/25/2022 | 746 | 690 | ||||||
Series 2007-S1, Class 2A22 | ||||||||
5.75%, 03/25/2037 | 2,487 | 2,108 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2003-C7, Class A3 | ||||||||
4.56%, 09/15/2027 * | 7,395 | 7,438 | ||||||
Series 2004-C8, Class A4 | ||||||||
4.51%, 12/15/2029 | 9,100 | 9,270 | ||||||
Series 2005-C3, Class A5 | ||||||||
4.74%, 07/15/2030 | 900 | 951 | ||||||
Series 2005-C3, Class AAB | ||||||||
4.66%, 07/15/2030 | 87 | 91 | ||||||
Series 2006-C4, Class AM | ||||||||
5.90%, 06/15/2038 * | 660 | 686 | ||||||
Series 2006-C7, Class AM | ||||||||
5.38%, 11/15/2038 | 660 | 663 | ||||||
Series 2007-C2, Class A3 | ||||||||
5.43%, 02/15/2040 | 9,658 | 9,959 | ||||||
Series 2007-C6, Class A4 | ||||||||
5.86%, 07/15/2040 * | 3,675 | 3,861 | ||||||
MASTR Adjustable Rate Mortgages Trust | ||||||||
Series 2006-OA2, Class 1A1 | ||||||||
1.14%, 12/25/2046 * | 1,253 | 409 | ||||||
Series 2007-R5, Class A1 | ||||||||
2.84%, 11/25/2035 - 144A * | 943 | 586 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2004-A1, Class 2A1 | ||||||||
2.89%, 02/25/2034 * | 511 | 486 | ||||||
Series 2004-A3, Class 4A3 | ||||||||
5.02%, 05/25/2034 * | 496 | 499 | ||||||
Series 2005-A3, Class A1 | ||||||||
0.53%, 04/25/2035 * | 103 | 76 | ||||||
Series 2005-A4, Class 2A2 | ||||||||
2.86%, 07/25/2035 * | 468 | 401 | ||||||
Series 2005-A5, Class A3 | ||||||||
2.75%, 06/25/2035 * | 400 | 319 | ||||||
MLCC Mortgage Investors, Inc. | ||||||||
Series 2003-F, Class A1 | ||||||||
0.58%, 10/25/2028 * | 105 | 100 | ||||||
Morgan Stanley Capital I | ||||||||
Series 1998-WF2, Class G | ||||||||
6.34%, 01/15/2013 - 144A * | 2,410 | 2,534 | ||||||
Series 2004-HQ4, Class A7 | ||||||||
4.97%, 04/14/2040 | 4,100 | 4,359 | ||||||
Series 2007-IQ15, Class A2 | ||||||||
5.84%, 06/11/2049 * | 2,200 | 2,287 | ||||||
Morgan Stanley Mortgage Loan Trust | ||||||||
Series 2004-8AR, Class 4A2 | ||||||||
2.79%, 10/25/2034 * | 406 | 382 | ||||||
Series 2005-4, Class 5A3 | ||||||||
5.50%, 08/25/2035 | 6,703 | 6,563 | ||||||
Series 2006-3AR, Class 2A3 | ||||||||
2.86%, 03/25/2036 * | 881 | 535 | ||||||
Nomura Asset Acceptance Corp. | ||||||||
Series 2004-R2, Class A1 | ||||||||
6.50%, 10/25/2034 - 144A * | 178 | 182 | ||||||
Prime Mortgage Trust | ||||||||
Series 2006-DR1, Class 1A1 | ||||||||
5.50%, 05/25/2035 - 144A | 273 | 266 | ||||||
Series 2006-DR1, Class 1A2 | ||||||||
6.00%, 05/25/2035 - 144A | 120 | 119 | ||||||
Series 2006-DR1, Class 2A1 | ||||||||
5.50%, 05/25/2035 - 144A | 890 | 779 | ||||||
Series 2006-DR1, Class 2A2 | ||||||||
6.00%, 05/25/2035 - 144A | 877 | 738 | ||||||
RBSCF Trust | ||||||||
Series 2010-RR3, Class WBTA | ||||||||
5.90%, 04/16/2017 - 144A * | 7,570 | 8,022 | ||||||
RBSGC Mortgage Pass-Through Certificates | ||||||||
Series 2007-B, Class 1A4 | ||||||||
0.71%, 01/25/2037 * | 978 | 577 | ||||||
Residential Accredit Loans, Inc. | ||||||||
Series 2006-QO10, Class A1 | ||||||||
0.42%, 01/25/2037 * | 791 | 468 | ||||||
Series 2007-QO1, Class A1 | ||||||||
0.41%, 02/25/2047 * | 959 | 577 | ||||||
Series 2007-QO4, Class A1A | ||||||||
0.45%, 05/25/2047 * | 1,844 | 1,150 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 32
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES - (continued) | ||||||||
Residential Asset Securitization Trust | ||||||||
Series 2005-A14, Class A4 | ||||||||
5.50%, 12/25/2035 | $ | 2,648 | $ | 2,614 | ||||
Salomon Brothers Mortgage Securities VII, Inc. | ||||||||
Series 2001-C2, Class A3 | ||||||||
6.50%, 10/13/2011 | 6,555 | 6,709 | ||||||
Structured Adjustable Rate Mortgage Loan Trust | ||||||||
Series 2004-20, Class 3A1 | ||||||||
2.63%, 01/25/2035 * | 696 | 558 | ||||||
Series 2005-15, Class 1A1 | ||||||||
2.62%, 07/25/2035 * | 1,027 | 712 | ||||||
Series 2005-16XS, Class A1 | ||||||||
0.60%, 08/25/2035 * | 387 | 328 | ||||||
Series 2005-19XS, Class 1A1 | ||||||||
0.58%, 10/25/2035 * | 539 | 364 | ||||||
Series 2007-3, Class 3A1 | ||||||||
5.43%, 04/25/2047 * | 3,637 | 2,623 | ||||||
Structured Asset Mortgage Investments, Inc. | ||||||||
Series 2003-AR4, Class A1 | ||||||||
0.61%, 01/19/2034 * | 110 | 92 | ||||||
Series 2006-AR6, Class 1A3 | ||||||||
0.45%, 07/25/2046 * | 349 | 193 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2005-RF3, Class 1A | ||||||||
0.61%, 06/25/2035 - 144A * | 373 | 310 | ||||||
Thornburg Mortgage Securities Trust | ||||||||
Series 2006-5, Class A1 | ||||||||
0.38%, 10/25/2046 * | 7,496 | 7,427 | ||||||
Voyager BRSTN Delaware Trust, IO | ||||||||
Series 2009-1, Class UAU7 | ||||||||
0.50%, 12/26/2036 - 144A * | 969 | 395 | ||||||
WaMu Alternative Mortgage Pass-Through Certificates | ||||||||
Series 2006-AR3, Class A1A | ||||||||
1.30%, 05/25/2046 * | 2,445 | 1,370 | ||||||
WaMu Commercial Mortgage Securities Trust | ||||||||
Series 2005-C1A, Class A2 | ||||||||
5.15%, 05/25/2036 - 144A * | 48 | 48 | ||||||
WaMu Mortgage Pass-Through Certificates | ||||||||
Series 2005-AR13, Class A1A1 | ||||||||
0.55%, 10/25/2045 * | 187 | 158 | ||||||
Series 2005-AR15, Class A1A2 | ||||||||
0.54%, 11/25/2045 * | 207 | 159 | ||||||
Series 2005-AR8, Class 2A1A | ||||||||
0.55%, 07/25/2045 * | 119 | 103 | ||||||
Series 2006-AR14, Class 1A3 | ||||||||
5.49%, 11/25/2036 * | 1,900 | 1,394 | ||||||
Series 2007-HY1, Class 1A1 | ||||||||
5.49%, 02/25/2037 * | 5,011 | 3,654 | ||||||
Series 2007-OA4, Class 1A | ||||||||
1.10%, 05/25/2047 * | 2,427 | 1,599 | ||||||
Series 2007-OA6, Class 1A1B | ||||||||
1.14%, 07/25/2047 * | 2,370 | 776 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2005-AR16, Class 7A1 | ||||||||
5.20%, 10/25/2035 * | 4,762 | 4,692 | ||||||
Series 2006-3, Class A9 | ||||||||
5.50%, 03/25/2036 | 2,898 | 2,897 | ||||||
Series 2006-AR4, Class 2A4 | ||||||||
5.65%, 04/25/2036 * | 400 | 365 | ||||||
Total Mortgage-Backed Securities (cost $352,003) | 340,702 | |||||||
ASSET-BACKED SECURITIES - 6.0% | ||||||||
321 Henderson Receivables I LLC | ||||||||
Series 2010-1A, Class A | ||||||||
5.56%, 07/15/2059 - 144A | 6,189 | 6,399 | ||||||
Series 2010-2A, Class A | ||||||||
4.07%, 01/15/2048 - 144A | 1,950 | 1,910 | ||||||
Series 2010-3A, Class A | ||||||||
3.82%, 12/15/2048 - 144A | 3,923 | 3,760 | ||||||
Aames Mortgage Investment Trust | ||||||||
Series 2005-3, Class A1 | ||||||||
0.41%, 08/25/2035 - 144A * | 113 | 113 | ||||||
Accredited Mortgage Loan Trust | ||||||||
Series 2005-3, Class A1 | ||||||||
0.50%, 09/25/2035 * | 69 | 64 | ||||||
Amortizing Residential Collateral Trust | ||||||||
Series 2002-BC5, Class M1 | ||||||||
1.30%, 07/25/2032 * | 401 | 328 | ||||||
Capital One Multi-Asset Execution Trust | ||||||||
Series 2006-A5, Class A5 | ||||||||
0.32%, 01/15/2016 * | 1,550 | 1,537 | ||||||
Chase Funding Mortgage Loan Asset-Backed Certificates | ||||||||
Series 2003-4, Class 1A5 | ||||||||
5.42%, 05/25/2033 * | 1,142 | 1,099 | ||||||
Citibank Omni Master Trust | ||||||||
Series 2009-A12, Class A12 | ||||||||
3.35%, 08/15/2016 - 144A | 2,765 | 2,827 | ||||||
Series 2009-A8, Class A8 | ||||||||
2.36%, 05/16/2016 - 144A * | 11,940 | 12,089 | ||||||
Conseco Finance Securitizations Corp. | ||||||||
Series 2002-1, Class A | ||||||||
6.68%, 12/01/2033 * | 1,435 | 1,510 | ||||||
Series 2002-2, Class A2 | ||||||||
6.03%, 03/01/2033 * | 1,731 | 1,804 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
Series 2007-1A, Class A | ||||||||
5.98%, 04/19/2022 | 289 | 305 | ||||||
Countrywide Asset-Backed Certificates | ||||||||
Series 2005-4, Class AF3 | ||||||||
4.46%, 10/25/2035 * | 29 | 28 | ||||||
Countrywide Home Equity Loan Trust | ||||||||
Series 2005-G, Class 2A | ||||||||
0.49%, 12/15/2035 * | 111 | 60 | ||||||
Series 2006-RES, Class 4Q1B | ||||||||
0.56%, 12/15/2033 - 144A * | 354 | 163 | ||||||
CVS Pass-Through Trust | ||||||||
6.94%, 01/10/2030 | 732 | 795 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | ||||||||
Series 2001-1, Class A1 | ||||||||
6.62%, 03/18/2011 | 29 | 29 | ||||||
Series 2007-1, Class A | ||||||||
6.82%, 08/10/2022 | 325 | 345 | ||||||
Ford Credit Floorplan Master Owner Trust | ||||||||
Series 2006-4, Class B | ||||||||
0.81%, 06/15/2013 * | 1,565 | 1,549 | ||||||
Globaldrive BV | ||||||||
Series 2008-2, Class A | ||||||||
4.00%, 10/20/2016 ± | 2,340 | 3,154 | ||||||
GMAC Mortgage Servicer Advance Funding Co., Ltd. | ||||||||
Series 2010-1A, Class A | ||||||||
4.25%, 01/15/2022 - 144A | 1,000 | 1,005 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 33
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - (continued) | ||||||||
Lehman XS Trust | ||||||||
Series 2005-5N, Class 1A1 | ||||||||
0.56%, 11/25/2035 * | $ | 134 | $ | 98 | ||||
Series 2005-5N, Class 3A1A | ||||||||
0.56%, 11/25/2035 * | 849 | 652 | ||||||
Series 2005-7N, Class 1A1B | ||||||||
0.56%, 12/25/2035 * | 115 | 48 | ||||||
Series 2006-GP4, Class 3A1A | ||||||||
0.33%, 08/25/2046 * | 19 | 19 | ||||||
Series 2007-2N, Class 3A1 | ||||||||
0.35%, 02/25/2037 * | 219 | 206 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2007-SD1, Class A1 | ||||||||
0.71%, 02/25/2047 * | 1,426 | 702 | ||||||
Mirant Mid Atlantic Pass-Through Trust | ||||||||
Series C | ||||||||
10.06%, 12/30/2028 | 312 | 346 | ||||||
Nelnet Student Loan Trust | ||||||||
Series 2008-4, Class A4 | ||||||||
1.77%, 04/25/2017 * | 780 | 798 | ||||||
RAAC Series | ||||||||
Series 2007-RP4, Class A | ||||||||
0.61%, 06/25/2037 - 144A * | 1,502 | 826 | ||||||
Renaissance Home Equity Loan Trust | ||||||||
Series 2007-2, Class AF6 | ||||||||
5.88%, 06/25/2037 * | 1,494 | 855 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2010-2, Class B | ||||||||
2.24%, 12/15/2014 | 3,840 | 3,852 | ||||||
Series 2010-2, Class C | ||||||||
3.89%, 07/17/2017 | 4,520 | 4,618 | ||||||
Series 2010-A, Class A2 | ||||||||
1.37%, 08/15/2013 - 144A | 4,010 | 4,025 | ||||||
Series 2010-A, Class A3 | ||||||||
1.83%, 11/17/2014 - 144A | 3,100 | 3,132 | ||||||
Series 2010-A, Class A4 | ||||||||
2.39%, 06/15/2017 - 144A | 1,560 | 1,586 | ||||||
Series 2010-B, Class B | ||||||||
2.10%, 09/15/2014 - 144A | 3,100 | 3,099 | ||||||
Series 2010-B, Class C | ||||||||
3.02%, 10/17/2016 - 144A | 3,285 | 3,279 | ||||||
Securitized Asset Backed Receivables LLC Trust | ||||||||
Series 2007-BR3, Class A2B | ||||||||
0.48%, 04/25/2037 * | 2,700 | 1,169 | ||||||
SLC Student Loan Trust | ||||||||
Series 2006-A, Class A4 | ||||||||
0.41%, 01/15/2019 * | 2,070 | 1,976 | ||||||
Series 2008-1, Class A4A | ||||||||
1.90%, 12/15/2032 * | 400 | 414 | ||||||
SLM Student Loan Trust | ||||||||
Series 2008-5, Class A3 | ||||||||
1.59%, 01/25/2018 * | 4,600 | 4,728 | ||||||
Series 2008-5, Class A4 | ||||||||
1.99%, 07/25/2023 * | 14,570 | 15,155 | ||||||
Small Business Administration | ||||||||
Series 2002-P10B, Class 1 | ||||||||
5.20%, 08/10/2012 | 382 | 400 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2003-AL2, Class A | ||||||||
3.36%, 01/25/2031 - 144A | 3,013 | 2,743 | ||||||
Series 2007-TC1, Class A | ||||||||
0.56%, 04/25/2031 - 144A * | 1,895 | 1,456 | ||||||
Total Asset-Backed Securities (cost $100,437) | 97,055 | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 2.2% | ||||||||
City of Chicago IL - Build America Bonds | ||||||||
6.40%, 01/01/2040 | 1,200 | 1,167 | ||||||
Metropolitan Transportation Authority | ||||||||
7.34%, 11/15/2039 | 3,135 | 3,474 | ||||||
New York City Municipal Water Finance Authority | ||||||||
5.72%, 06/15/2042 | 3,260 | 3,257 | ||||||
New York State Dormitory Authority, | ||||||||
Revenue Bond | ||||||||
5.63%, 03/15/2039 | 2,300 | 2,252 | ||||||
Port Authority of New York & New Jersey | ||||||||
6.04%, 12/01/2029 | 1,825 | 1,907 | ||||||
State of California - Build America Bonds | ||||||||
5.45%, 04/01/2015 | 11,550 | 12,061 | ||||||
7.30%, 10/01/2039 | 4,815 | 4,884 | ||||||
7.35%, 11/01/2039 | 2,640 | 2,694 | ||||||
7.50%, 04/01/2034 | 1,740 | 1,800 | ||||||
University of California | ||||||||
5.95%, 05/15/2045 | 1,970 | 1,830 | ||||||
Virginia Housing Development Authority | ||||||||
Series 2006-C, Class CTFS | ||||||||
6.00%, 06/25/2034 | 319 | 322 | ||||||
Total Municipal Government Obligations (cost $35,132) | 35,648 | |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.7% | ||||||||
Capital Markets - 0.3% | ||||||||
Credit Suisse | ||||||||
5.86%, 05/15/2017 * Ž ^ | 3,045 | 2,878 | ||||||
Goldman Sachs Capital II | ||||||||
5.79%, 06/01/2012 * Ž | 3,270 | 2,771 | ||||||
Lehman Brothers Holdings Capital Trust VII | ||||||||
5.86%, 05/31/2012 Ž Џ § ± | 1,945 | ♦ | ||||||
Diversified Financial Services - 0.4% | ||||||||
JPMorgan Chase & Co. - Series 1 | ||||||||
7.90%, 04/30/2018 * Ž | 5,655 | 6,011 | ||||||
Total Preferred Corporate Debt Securities (cost $13,878) | 11,660 | |||||||
CORPORATE DEBT SECURITIES - 29.4% | ||||||||
Aerospace & Defense - 0.0% ∞ | ||||||||
L-3 Communications Corp. | ||||||||
5.88%, 01/15/2015 | 470 | 478 | ||||||
6.38%, 10/15/2015 | 155 | 160 | ||||||
Auto Components - 0.1% | ||||||||
BorgWarner, Inc. | ||||||||
4.63%, 09/15/2020 | 1,185 | 1,170 | ||||||
Automobiles - 0.0% ∞ | ||||||||
Daimler Finance North America LLC | ||||||||
5.88%, 03/15/2011 | 600 | 606 | ||||||
Beverages - 0.3% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
5.38%, 01/15/2020 | 4,375 | 4,741 | ||||||
Biotechnology - 0.0% ∞ | ||||||||
FMC Finance III SA | ||||||||
6.88%, 07/15/2017 | 280 | 297 | ||||||
Capital Markets - 2.0% | ||||||||
BP Capital Markets PLC | ||||||||
3.13%, 03/10/2012 ^ | 6,755 | 6,907 | ||||||
Goldman Sachs Group, Inc. | ||||||||
3.70%, 08/01/2015 | 3,650 | 3,719 | ||||||
5.38%, 03/15/2020 | 3,785 | 3,911 | ||||||
6.00%, 06/15/2020 | 3,090 | 3,339 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 34
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Capital Markets - (continued) | ||||||||
Morgan Stanley | ||||||||
2.79%, 05/14/2013 * ^ | $ | 9,540 | $ | 9,886 | ||||
4.00%, 07/24/2015 ^ | 1,840 | 1,850 | ||||||
4.20%, 11/20/2014 | 1,740 | 1,778 | ||||||
6.25%, 08/28/2017 ^ | 565 | 609 | ||||||
Chemicals - 0.4% | ||||||||
CF Industries Holdings, Inc. | ||||||||
7.13%, 05/01/2020 | 4,340 | 4,753 | ||||||
Dow Chemical Co. | ||||||||
4.25%, 11/15/2020 | 815 | 781 | ||||||
5.70%, 05/15/2018 | 1,020 | 1,103 | ||||||
Westlake Chemical Corp. | ||||||||
6.63%, 01/15/2016 | 44 | 45 | ||||||
Commercial Banks - 4.6% | ||||||||
Achmea Hypotheekbank NV | ||||||||
1.00%, 11/03/2014 - 144A | 5,575 | 5,800 | ||||||
Bank of Scotland PLC | ||||||||
5.25%, 02/21/2017 - 144A | 100 | 104 | ||||||
Dexia Credit Local SA | ||||||||
2.75%, 04/29/2014 - 144A | 3,260 | 3,307 | ||||||
Discover Bank | ||||||||
7.00%, 04/15/2020 | 330 | 355 | ||||||
8.70%, 11/18/2019 | 4,285 | 5,044 | ||||||
DnB NOR Boligkreditt | ||||||||
2.10%, 10/14/2015 - 144A | 11,965 | 11,379 | ||||||
Eksportfinans ASA | ||||||||
1.88%, 04/02/2013 | 14,295 | 14,461 | ||||||
2.00%, 09/15/2015 | 10,795 | 10,543 | ||||||
3.00%, 11/17/2014 | 6,435 | 6,640 | ||||||
5.50%, 05/25/2016 | 5,075 | 5,712 | ||||||
Glitnir Banki HF | ||||||||
6.33%, 07/28/2011 - 144A Џ | 290 | 86 | ||||||
6.69%, 06/15/2016 - 144A Ə Џ § | 800 | ♦ | ||||||
Kreditanstalt fuer Wiederaufbau | ||||||||
1.38%, 07/15/2013 | 3,000 | 3,023 | ||||||
Landsbanki Islands HF | ||||||||
6.10%, 08/25/2011 - 144A Џ | 320 | 35 | ||||||
Sparebanken 1 Boligkreditt | ||||||||
1.25%, 10/25/2013 - 144A | 6,990 | 6,943 | ||||||
Commercial Services & Supplies - 0.2% | ||||||||
Board of Trustees of The Leland Stanford | ||||||||
Junior University | ||||||||
4.25%, 05/01/2016 | 2,190 | 2,343 | ||||||
R.R. Donnelley & Sons Co. | ||||||||
7.63%, 06/15/2020 | 742 | 795 | ||||||
Waste Management, Inc. | ||||||||
6.38%, 11/15/2012 | 600 | 654 | ||||||
Consumer Finance - 0.4% | ||||||||
American Express Co. | ||||||||
8.13%, 05/20/2019 | 510 | 635 | ||||||
American Express Credit Corp. - Series C | ||||||||
5.88%, 05/02/2013 | 220 | 239 | ||||||
SLM Corp. | ||||||||
5.00%, 10/01/2013 - 04/15/2015 | 715 | 716 | ||||||
5.05%, 11/14/2014 | 120 | 115 | ||||||
5.38%, 05/15/2014 | 1,005 | 1,010 | ||||||
5.40%, 10/25/2011 | 3,365 | 3,424 | ||||||
5.63%, 08/01/2033 | 105 | 82 | ||||||
SLM Corp. CPI | ||||||||
2.76%, 04/01/2014 * | 270 | 243 | ||||||
Containers & Packaging - 0.6% | ||||||||
Ball Corp. | ||||||||
7.13%, 09/01/2016 | 1,200 | 1,293 | ||||||
7.38%, 09/01/2019 | 1,200 | 1,290 | ||||||
Crown Americas LLC | ||||||||
7.63%, 05/15/2017 ^ | 3,034 | 3,262 | ||||||
Owens-Brockway Glass Container, Inc. | ||||||||
7.38%, 05/15/2016 ^ | 4,280 | 4,547 | ||||||
Diversified Consumer Services - 0.0% ∞ | ||||||||
Service Corp., International | ||||||||
7.50%, 04/01/2027 | 55 | 52 | ||||||
7.63%, 10/01/2018 ^ | 50 | 53 | ||||||
Diversified Financial Services - 5.3% | ||||||||
AES Ironwood LLC | ||||||||
8.86%, 11/30/2025 | 297 | 295 | ||||||
Ally Financial, Inc. | ||||||||
8.00%, 03/15/2020 | 4,050 | 4,425 | ||||||
AngloGold Ashanti Holdings PLC | ||||||||
5.38%, 04/15/2020 | 1,320 | 1,373 | ||||||
Bank of America Corp. | ||||||||
5.63%, 07/01/2020 ^ | 2,560 | 2,610 | ||||||
Bear Stearns Cos., LLC | ||||||||
7.25%, 02/01/2018 | 800 | 948 | ||||||
Belvoir Land LLC - Series A | ||||||||
5.40%, 12/15/2047 - 144A | 2,875 | 2,331 | ||||||
BNP Paribas Home Loan Covered Bonds SA | ||||||||
2.20%, 11/02/2015 - 144A | 13,835 | 13,251 | ||||||
CDP Financial, Inc. | ||||||||
3.00%, 11/25/2014 - 144A | 8,435 | 8,574 | ||||||
Citigroup, Inc. | ||||||||
4.75%, 05/19/2015 | 1,655 | 1,733 | ||||||
5.38%, 08/09/2020 | 4,045 | 4,203 | ||||||
6.50%, 08/19/2013 | 1,160 | 1,274 | ||||||
FCE Bank PLC | ||||||||
7.13%, 01/15/2013 | EUR | 1,000 | 1,396 | |||||
7.88%, 02/15/2011 | GBP | 2,300 | 3,595 | |||||
Ford Motor Credit Co., LLC | ||||||||
6.63%, 08/15/2017 | $ | 1,740 | 1,829 | |||||
General Electric Capital Corp. - Series A | ||||||||
6.88%, 01/10/2039 | 2,130 | 2,462 | ||||||
General Electric Capital Corp. | ||||||||
0.42%, 04/10/2012 * | 4,255 | 4,249 | ||||||
6.38%, 11/15/2067 * | 1,190 | 1,178 | ||||||
JPMorgan Chase & Co. | ||||||||
0.94%, 02/26/2013 * | 1,550 | 1,556 | ||||||
2.60%, 01/15/2016 | 3,060 | 2,969 | ||||||
5.13%, 09/15/2014 | 920 | 979 | ||||||
5.15%, 10/01/2015 ^ | 1,100 | 1,163 | ||||||
6.13%, 06/27/2017 | 950 | 1,042 | ||||||
JPMorgan Chase Bank NA | ||||||||
6.00%, 10/01/2017 | 1,945 | 2,156 | ||||||
6.00%, 07/05/2017 | 7,750 | 8,406 | ||||||
Kaupthing Bank Hf | ||||||||
7.13%, 05/19/2016 - 144A Ə Џ | 200 | ♦ | ||||||
Novus USA Trust - Series 2010-1 | ||||||||
1.53%, 11/18/2011 - 144A * | 3,820 | 3,820 | ||||||
Reynolds Group Issuer, Inc. | ||||||||
7.75%, 10/15/2016 - 144A | 4,351 | 4,601 | ||||||
Rio Tinto Finance USA, Ltd. | ||||||||
6.50%, 07/15/2018 | 870 | 1,014 | ||||||
Russian Agricultural Bank OJSC Via RSHB | ||||||||
Capital SA | ||||||||
6.30%, 05/15/2017 - 144A | 170 | 171 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 35
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Diversified Financial Services - (continued) | ||||||||
TNK-BP Finance SA | ||||||||
7.50%, 07/18/2016 | $ | 108 | $ | 119 | ||||
TNK-BP Finance SA — Series 2 | ||||||||
7.50%, 07/18/2016 - 144A ^ ± | 170 | 188 | ||||||
Tyco International Finance SA | ||||||||
6.00%, 11/15/2013 | 440 | 488 | ||||||
Diversified Telecommunication Services - 1.4% | ||||||||
AT&T, Inc. | ||||||||
6.50%, 09/01/2037 | 3,275 | 3,532 | ||||||
Deutsche Telekom International Finance BV | ||||||||
5.75%, 03/23/2016 | 375 | 420 | ||||||
Frontier Communications Corp. | ||||||||
7.13%, 03/15/2019 | 75 | 77 | ||||||
8.25%, 04/15/2017 | 1,083 | 1,189 | ||||||
Qwest Communications International, Inc. | ||||||||
Series B | ||||||||
7.50%, 02/15/2014 | 705 | 714 | ||||||
Qwest Communications International, Inc. | ||||||||
7.50%, 02/15/2014 | 1,375 | 1,392 | ||||||
Sprint Capital Corp. | ||||||||
8.75%, 03/15/2032 | 80 | 81 | ||||||
Telecom Italia Capital SA | ||||||||
5.25%, 10/01/2015 | 2,115 | 2,165 | ||||||
7.00%, 06/04/2018 | 650 | 688 | ||||||
Telefonica Emisiones SAU | ||||||||
4.95%, 01/15/2015 ^ | 4,850 | 5,023 | ||||||
6.42%, 06/20/2016 | 75 | 82 | ||||||
Verizon Communications, Inc. | ||||||||
8.75%, 11/01/2018 | 1,990 | 2,599 | ||||||
8.95%, 03/01/2039 | 210 | 299 | ||||||
Verizon New Jersey, Inc. | ||||||||
7.85%, 11/15/2029 | 970 | 1,044 | ||||||
Verizon New York, Inc. - Series A | ||||||||
6.88%, 04/01/2012 | 560 | 597 | ||||||
Windstream Corp. | ||||||||
8.13%, 08/01/2013 ^ | 1,375 | 1,513 | ||||||
8.63%, 08/01/2016 | 1,220 | 1,284 | ||||||
Electric Utilities - 0.7% | ||||||||
AES Red Oak LLC - Series B | ||||||||
9.20%, 11/30/2029 | 235 | 230 | ||||||
Calpine Construction Finance Co., LP | ||||||||
8.00%, 06/01/2016 - 144A | 240 | 255 | ||||||
Duke Energy Corp. | ||||||||
5.63%, 11/30/2012 | 590 | 639 | ||||||
Elwood Energy LLC | ||||||||
8.16%, 07/05/2026 | 224 | 219 | ||||||
Energy Future Holdings Corp. - Series Q | ||||||||
6.50%, 11/15/2024 | 200 | 74 | ||||||
Energy Future Intermediate Holding Co., LLC | ||||||||
10.00%, 12/01/2020 | 3,900 | 4,021 | ||||||
FirstEnergy Corp. - Series B | ||||||||
6.45%, 11/15/2011 | 29 | 30 | ||||||
FirstEnergy Corp. - Series C | ||||||||
7.38%, 11/15/2031 | 515 | 543 | ||||||
Florida Power & Light Co. | ||||||||
5.63%, 04/01/2034 | 1,000 | 1,050 | ||||||
Florida Power Corp. | ||||||||
6.40%, 06/15/2038 | 1,000 | 1,163 | ||||||
Midamerican Energy Holdings Co. | ||||||||
5.95%, 05/15/2037 | 2,560 | 2,700 | ||||||
Pacific Gas & Electric Co. | ||||||||
5.63%, 11/30/2017 ^ | 620 | 698 | ||||||
5.80%, 03/01/2037 | 140 | 148 | ||||||
6.05%, 03/01/2034 | 210 | 230 | ||||||
Energy Equipment & Services - 0.5% | ||||||||
Baker Hughes, Inc. | ||||||||
7.50%, 11/15/2018 | 800 | 1,003 | ||||||
Cie Generale de Geophysique-Veritas | ||||||||
7.50%, 05/15/2015 | 100 | 102 | ||||||
7.75%, 05/15/2017 | 105 | 108 | ||||||
Complete Production Services, Inc. | ||||||||
8.00%, 12/15/2016 | 195 | 202 | ||||||
Enterprise Products Operating LLC | ||||||||
6.13%, 10/15/2039 | 2,030 | 2,112 | ||||||
Gulfmark Offshore, Inc. | ||||||||
7.75%, 07/15/2014 | 40 | 41 | ||||||
Pride International, Inc. | ||||||||
6.88%, 08/15/2020 | 1,670 | 1,732 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.90%, 04/15/2015 - 144A | 3,435 | 3,397 | ||||||
Transocean, Inc. | ||||||||
5.25%, 03/15/2013 ^ | 120 | 127 | ||||||
Food Products - 0.3% | ||||||||
Kraft Foods, Inc. | ||||||||
5.38%, 02/10/2020 | 3,740 | 4,025 | ||||||
6.50%, 02/09/2040 | 1,655 | 1,855 | ||||||
Health Care Providers & Services - 1.0% | ||||||||
HCA, Inc. | ||||||||
7.25%, 09/15/2020 | 4,395 | 4,593 | ||||||
8.50%, 04/15/2019 | 4,220 | 4,620 | ||||||
9.13%, 11/15/2014 | 50 | 52 | ||||||
9.63%, 11/15/2016 Ώ | 500 | 536 | ||||||
Humana, Inc. | ||||||||
7.20%, 06/15/2018 ^ | 220 | 249 | ||||||
Tenet Healthcare Corp. | ||||||||
8.88%, 07/01/2019 | 2,855 | 3,226 | ||||||
9.00%, 05/01/2015 ^ | 1,325 | 1,471 | ||||||
WellPoint, Inc. | ||||||||
5.88%, 06/15/2017 | 50 | 56 | ||||||
Hotels, Restaurants & Leisure - 0.1% | ||||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
12.00%, 11/15/2010 Џ | 60 | 31 | ||||||
MGM Resorts International | ||||||||
10.38%, 05/15/2014 | 25 | 28 | ||||||
11.13%, 11/15/2017 | 60 | 69 | ||||||
13.00%, 11/15/2013 | 1,314 | 1,554 | ||||||
Independent Power Producers & Energy Traders - 0.1% | ||||||||
AES Corp. | ||||||||
7.75%, 03/01/2014 | 67 | 72 | ||||||
Edison Mission Energy | ||||||||
7.00%, 05/15/2017 | 50 | 40 | ||||||
7.20%, 05/15/2019 | 140 | 108 | ||||||
NRG Energy, Inc. | ||||||||
7.38%, 02/01/2016 | 730 | 748 | ||||||
Insurance - 1.9% | ||||||||
Lincoln National Corp. | ||||||||
7.00%, 06/15/2040 | 1,450 | 1,577 | ||||||
Manulife Financial Corp. | ||||||||
3.40%, 09/17/2015 | 3,480 | 3,409 | ||||||
MetLife, Inc. | ||||||||
5.88%, 02/06/2041 | 1,075 | 1,133 | ||||||
6.75%, 06/01/2016 ^ | 360 | 418 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 36
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Insurance - (continued) | ||||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 01/11/2013 - 144A | $ | 13,155 | $ | 13,442 | ||||
2.88%, 09/17/2012 - 144A | 1,525 | 1,563 | ||||||
5.13%, 04/10/2013 - 144A | 6,550 | 7,053 | ||||||
Teachers Insurance & Annuity Association of America | ||||||||
6.85%, 12/16/2039 - 144A | 2,525 | 2,954 | ||||||
Life Sciences Tools & Services - 0.0% ∞ | ||||||||
Life Technologies Corp. | ||||||||
5.00%, 01/15/2021 | 635 | 629 | ||||||
Machinery - 0.0% ∞ | ||||||||
Terex Corp. | ||||||||
7.38%, 01/15/2014 | 20 | 20 | ||||||
Media - 2.4% | ||||||||
CBS Corp. | ||||||||
8.88%, 05/15/2019 | 2,245 | 2,824 | ||||||
CCH II LLC | ||||||||
13.50%, 11/30/2016 ^ | 5,880 | 7,013 | ||||||
Cengage Learning Acquisitions, Inc. | ||||||||
10.50%, 01/15/2015 - 144A | 80 | 83 | ||||||
Comcast Cable Communications LLC | ||||||||
6.75%, 01/30/2011 ^ | 1,800 | 1,807 | ||||||
Comcast Corp. | ||||||||
6.95%, 08/15/2037 | 2,935 | 3,320 | ||||||
COX Communications, Inc. | ||||||||
8.38%, 03/01/2039 - 144A | 3,525 | 4,568 | ||||||
DIRECTV Holdings LLC | ||||||||
6.00%, 08/15/2040 | 1,050 | 1,054 | ||||||
Discovery Communications LLC | ||||||||
3.70%, 06/01/2015 | 2,350 | 2,433 | ||||||
DISH DBS Corp. | ||||||||
7.00%, 10/01/2013 | 115 | 123 | ||||||
Lamar Media Corp. - Series B | ||||||||
6.63%, 08/15/2015 | 20 | 20 | ||||||
NBC Universal, Inc. | ||||||||
4.38%, 04/01/2021 - 144A | 3,530 | 3,426 | ||||||
5.15%, 04/30/2020 - 144A | 3,405 | 3,530 | ||||||
News America, Inc. | ||||||||
6.20%, 12/15/2034 | 1,365 | 1,433 | ||||||
6.65%, 11/15/2037 | 40 | 44 | ||||||
7.28%, 06/30/2028 | 260 | 293 | ||||||
7.63%, 11/30/2028 | 1,070 | 1,247 | ||||||
Reed Elsevier Capital, Inc. | ||||||||
8.63%, 01/15/2019 | 360 | 458 | ||||||
TCI Communications, Inc. | ||||||||
7.13%, 02/15/2028 | 1,116 | 1,252 | ||||||
Time Warner Cable, Inc. | ||||||||
5.88%, 11/15/2040 | 2,045 | 2,023 | ||||||
6.75%, 06/15/2039 ^ | 240 | 265 | ||||||
Time Warner Entertainment Co., LP | ||||||||
8.38%, 07/15/2033 | 180 | 227 | ||||||
Time Warner, Inc. | ||||||||
4.70%, 01/15/2021 | 950 | 967 | ||||||
6.10%, 07/15/2040 | 630 | 661 | ||||||
Metals & Mining - 0.6% | ||||||||
Cliffs Natural Resources, Inc. | ||||||||
4.80%, 10/01/2020 | 2,120 | 2,071 | ||||||
Corp. Nacional del Cobre de Chile | ||||||||
3.75%, 11/04/2020 - 144A | 1,152 | 1,092 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | ||||||||
8.38%, 04/01/2017 | 320 | 354 | ||||||
Old AII, Inc. | ||||||||
9.00%, 12/15/2014 Џ Ώ | 560 | 3 | ||||||
Steel Dynamics, Inc. | ||||||||
6.75%, 04/01/2015 | 105 | 106 | ||||||
7.38%, 11/01/2012 | 55 | 58 | ||||||
Teck Resources, Ltd. | ||||||||
9.75%, 05/15/2014 | 25 | 31 | ||||||
10.25%, 05/15/2016 | 20 | 25 | ||||||
10.75%, 05/15/2019 | 4,150 | 5,395 | ||||||
Multiline Retail - 0.3% | ||||||||
Dollar General Corp. | ||||||||
11.88%, 07/15/2017 Ώ | 3,630 | 4,211 | ||||||
Multi-Utilities - 0.0% ∞ | ||||||||
Dominion Resources, Inc. - Series D | ||||||||
8.88%, 01/15/2019 | 560 | 726 | ||||||
Oil, Gas & Consumable Fuels - 3.6% | ||||||||
Arch Coal, Inc. | ||||||||
7.25%, 10/01/2020 | 4,130 | 4,357 | ||||||
Arch Western Finance LLC | ||||||||
6.75%, 07/01/2013 | 1,404 | 1,418 | ||||||
Canadian Natural Resources, Ltd. | ||||||||
6.25%, 03/15/2038 | 2,000 | 2,210 | ||||||
6.50%, 02/15/2037 | 1,100 | 1,251 | ||||||
Cenovus Energy, Inc. | ||||||||
6.75%, 11/15/2039 | 3,500 | 4,077 | ||||||
Chesapeake Energy Corp. | ||||||||
6.63%, 08/15/2020 | 5,780 | 5,693 | ||||||
7.25%, 12/15/2018 | 100 | 104 | ||||||
Consol Energy, Inc. | ||||||||
8.00%, 04/01/2017 - 144A | 2,610 | 2,780 | ||||||
8.25%, 04/01/2020 - 144A | 1,665 | 1,798 | ||||||
El Paso Corp. | ||||||||
7.80%, 08/01/2031 | 19 | 19 | ||||||
El Paso Natural Gas Co. | ||||||||
8.38%, 06/15/2032 | 110 | 129 | ||||||
8.63%, 01/15/2022 | 365 | 445 | ||||||
Hess Corp. | ||||||||
7.30%, 08/15/2031 | 420 | 504 | ||||||
7.88%, 10/01/2029 | 80 | 100 | ||||||
8.13%, 02/15/2019 | 850 | 1,074 | ||||||
Kinder Morgan Energy Partners, LP | ||||||||
5.85%, 09/15/2012 | 130 | 139 | ||||||
6.00%, 02/01/2017 | 260 | 287 | ||||||
6.75%, 03/15/2011 | 470 | 475 | ||||||
6.95%, 01/15/2038 | 220 | 239 | ||||||
Nexen, Inc. | ||||||||
6.40%, 05/15/2037 | 3,275 | 3,173 | ||||||
Peabody Energy Corp. | ||||||||
6.50%, 09/15/2020 ^ | 5,533 | 5,906 | ||||||
Pemex Project Funding Master Trust | ||||||||
6.63%, 06/15/2035 | 1,060 | 1,079 | ||||||
Petrobras International Finance Co. | ||||||||
5.75%, 01/20/2020 ^ | 7,340 | 7,617 | ||||||
5.88%, 03/01/2018 | 1,010 | 1,075 | ||||||
6.13%, 10/06/2016 ^ | 371 | 408 | ||||||
Petrohawk Energy Corp. | ||||||||
7.25%, 08/15/2018 | 4,168 | 4,210 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 Ə | 125 | ♦ | ||||||
Southern Natural Gas Co. | ||||||||
5.90%, 04/01/2017 - 144A | 60 | 64 | ||||||
8.00%, 03/01/2032 | 5 | 6 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 37
At December 31, 2010
(all amounts except share amounts in thousands)
Principal | Value | |||||||
Oil, Gas & Consumable Fuels - (continued) | ||||||||
Tennessee Gas Pipeline Co. | ||||||||
7.00%, 10/15/2028 | $ | 665 | $ | 703 | ||||
7.63%, 04/01/2037 | 20 | 22 | ||||||
Valero Energy Corp. | ||||||||
6.63%, 06/15/2037 | 4,200 | 4,266 | ||||||
Williams Cos., Inc. | ||||||||
7.75%, 06/15/2031 | 281 | 317 | ||||||
7.88%, 09/01/2021 | 274 | 323 | ||||||
Williams Cos., Inc. - Series A | ||||||||
7.50%, 01/15/2031 | 622 | 699 | ||||||
Paper & Forest Products - 0.4% | ||||||||
Georgia-Pacific LLC | ||||||||
8.25%, 05/01/2016 - 144A | 4,080 | 4,605 | ||||||
International Paper Co. | ||||||||
7.30%, 11/15/2039 | 1,805 | 2,057 | ||||||
Pharmaceuticals - 0.3% | ||||||||
Abbott Laboratories | ||||||||
5.60%, 11/30/2017 | 200 | 229 | ||||||
Bristol-Myers Squibb Co. | ||||||||
6.88%, 08/01/2097 | 600 | 674 | ||||||
Teva Pharmaceutical Finance II BV | ||||||||
3.00%, 06/15/2015 | 2,330 | 2,370 | ||||||
Wyeth | ||||||||
5.95%, 04/01/2037 | 470 | 520 | ||||||
6.00%, 02/15/2036 | 1,580 | 1,756 | ||||||
Real Estate Investment Trusts - 0.4% | ||||||||
Hospitality Properties Trust | ||||||||
5.63%, 03/15/2017 | 1,507 | 1,497 | ||||||
6.70%, 01/15/2018 | 603 | 632 | ||||||
Kimco Realty Corp. | ||||||||
6.88%, 10/01/2019 | 1,850 | 2,093 | ||||||
Mack-Cali Realty, LP | ||||||||
7.75%, 08/15/2019 ^ | 2,110 | 2,456 | ||||||
Ventas Realty, LP | ||||||||
6.50%, 06/01/2016 | 30 | 31 | ||||||
9.00%, 05/01/2012 | 10 | 11 | ||||||
Real Estate Management & Development - 0.0% ∞ | ||||||||
Forest City Enterprises, Inc. | ||||||||
6.50%, 02/01/2017 ^ | 30 | 26 | ||||||
7.63%, 06/01/2015 | 35 | 33 | ||||||
Road & Rail - 0.3% | ||||||||
Burlington Northern Santa Fe LLC | ||||||||
5.75%, 05/01/2040 | 4,680 | 4,843 | ||||||
Union Pacific Corp. | ||||||||
5.38%, 05/01/2014 | 180 | 197 | ||||||
Tobacco - 0.4% | ||||||||
Philip Morris International, Inc. | ||||||||
4.50%, 03/26/2020 | 5,600 | 5,783 | ||||||
Wireless Telecommunication Services - 0.8% | ||||||||
America Movil SAB de CV | ||||||||
5.63%, 11/15/2017 | 220 | 240 | ||||||
6.38%, 03/01/2035 | 625 | 685 | ||||||
Cricket Communications, Inc. | ||||||||
7.75%, 05/15/2016 | 3,985 | 4,134 | ||||||
Crown Castle Towers LLC | ||||||||
6.11%, 01/15/2020 - 144A | 7,340 | 7,658 | ||||||
Total Corporate Debt Securities (cost $464,457) | 476,410 | |||||||
Shares | Value | |||||||
PREFERRED STOCKS - 0.0% ∞ | ||||||||
Diversified Financial Services - 0.0% ∞ | ||||||||
Ally Financial, Inc. 7.00% - 144A | 341 | $ | 307 | |||||
U.S. Government Agency Obligation - 0.0% ∞ | ||||||||
Fannie Mae 0.00% * | 1,300 | 1 | ||||||
Fannie Mae 8.25% * | 31,175 | 17 | ||||||
Freddie Mac 8.38% * | 43,300 | 28 | ||||||
Total Preferred Stocks (cost $1,988) | 353 | |||||||
COMMON STOCKS - 0.0% ∞ | ||||||||
Media - 0.0% ∞ | ||||||||
Charter Communications, Inc. ‡ ^ | 692 | 27 | ||||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. - Class A ‡ ^ | 323 | 9 | ||||||
Total Common Stocks (cost $31) | 36 | |||||||
WARRANT - 0.0% ∞ | ||||||||
United States - 0.0% ∞ | ||||||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 340 | 2 | ||||||
Total Warrant (cost $ ♦ ) |
Notional | ||||||||
Amount | Value | |||||||
PURCHASED SWAPTIONS - 1.7% | ||||||||
Call Swaptions - 0.5% | ||||||||
If exercised the Portfolio receives 3.12%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 11/08/2011 | $ | 13,100 | 148 | |||||
If exercised the Portfolio receives 3.35%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 10/22/2012 | 17,700 | 314 | ||||||
If exercised the Portfolio receives 3.46%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 10/22/2012 | 33,100 | 682 | ||||||
If exercised the Portfolio receives 3.535%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 12/01/2011 | 27,500 | 658 | ||||||
If exercised the Portfolio receives 3.63%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 12/02/2011 | 14,000 | 385 | ||||||
If exercised the Portfolio receives 3.69%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 08/03/2012 | 20,000 | 567 | ||||||
If exercised the Portfolio receives 3.72%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 08/06/2012 | 19,700 | 581 | ||||||
If exercised the Portfolio receives 3.88%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 10/28/2013 | 8,000 | 253 | ||||||
If exercised the Portfolio receives 3.89%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 07/09/2012 | 19,100 | 693 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 38
At December 31, 2010
(all amounts except share amounts in thousands)
Notional | ||||||||
Amount | Value | |||||||
Call Swaptions - (continued) | ||||||||
If exercised the Portfolio receives 3.93%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 07/16/2012 | $ | 21,900 | $ | 829 | ||||
If exercised the Portfolio receives 4.01%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 05/16/2011 | 29,900 | 1,448 | ||||||
If exercised the Portfolio receives 4.39%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 05/08/2012 | 11,600 | 710 | ||||||
If exercised the Portfolio receives 4.85%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 11/23/2020 | 9,600 | 542 | ||||||
If exercised the Portfolio receives 5.20%, and pays floating 3 month LIBOR, European Style | ||||||||
Expires 04/28/2015 | 46,200 | 3,672 | ||||||
Put Swaptions - 1.2% | ||||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.12%, European Style | ||||||||
Expires 11/08/2011 | 13,100 | 889 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.35%, European Style | ||||||||
Expires 10/22/2012 | 17,700 | 1,548 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.46%, European Style | ||||||||
Expires 10/22/2012 | 33,100 | 2,714 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.535%, European Style | ||||||||
Expires 12/01/2011 | 27,500 | 1,338 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.63%, European Style | ||||||||
Expires 12/02/2011 | 14,000 | 624 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.72%, European Style | ||||||||
Expires 08/06/2012 | 19,700 | 1,251 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.88%, European Style | ||||||||
Expires 10/28/2013 | 8,000 | 675 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.89%, European Style | ||||||||
Expires 07/09/2012 | 19,100 | 1,035 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.69%, European Style | ||||||||
Expires 08/03/2012 | 20,000 | 1,294 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.93%, European Style | ||||||||
Expires 07/16/2012 | 21,900 | 1,164 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.01%, European Style | ||||||||
Expires 05/16/2011 | 29,900 | 342 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.39%, European Style | ||||||||
Expires 05/08/2012 | 11,600 | 377 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.85%, European Style | ||||||||
Expires 11/23/2020 | 9,600 | 621 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 5.20%, European Style | ||||||||
Expires 04/28/2015 | 46,200 | 2,623 | ||||||
Total Purchased Swaptions (cost $28,779) | 27,977 | |||||||
Principal | Value | |||||||
CONVERTIBLE BOND - 0.1% | ||||||||
Machinery - 0.1% | ||||||||
Navistar International Corp. | ||||||||
3.00%, 10/15/2014 | $ | 1,020 | 1,362 | |||||
Total Convertible Bond (cost $1,207) | ||||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 2.0% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 32,323,789 | 32,324 | ||||||
Total Securities Lending Collateral (cost $32,324) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.4% | ||||||||
State Street Bank & Trust Co. | ||||||||
0.01% ▲ , dated 12/31/2010, to be repurchased at $71,991 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $73,435. | $ | 71,991 | 71,991 | |||||
Total Repurchase Agreement (cost $71,991) | ||||||||
Total Investment Securities (cost $2,009,031) # | 2,010,170 | |||||||
Other Assets and Liabilities - Net | (388,164 | ) | ||||||
Net Assets | $ | 1,622,006 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 39
At December 31, 2010
(all amounts except share amounts in thousands)
Principal | Value | |||||||
SECURITIES SOLD SHORT - (14.3%) | ||||||||
Fannie Mae, TBA | ||||||||
4.50% | $ | (66,900 | ) | $ | (68,478 | ) | ||
5.00% | (26,700 | ) | (28,018 | ) | ||||
5.50% | (59,400 | ) | (63,437 | ) | ||||
6.00% | (24,700 | ) | (26,800 | ) | ||||
Freddie Mac, TBA | ||||||||
4.50% | (44,600 | ) | (45,576 | ) | ||||
Total Securities Sold Short (proceeds $232,729) | (232,309 | ) | ||||||
Notional | ||||||||
Amount | Value | |||||||
WRITTEN-OPTIONS - (0.1%) | ||||||||
Call Options - 0.0% | ||||||||
10-Year U.S. Treasury Note Future | $ | (206 | ) | (58 | ) | |||
Call Strike $124.00 | ||||||||
Expires 02/18/2011 | ||||||||
5-Year U.S. Treasury Note Future | (52 | ) | (12 | ) | ||||
Call Strike $119.50 | ||||||||
Expires 02/18/2011 | ||||||||
Put Options - (0.1%) | ||||||||
10-Year U.S. Treasury Note Future | (206 | ) | (792 | ) | ||||
Put Strike $124.00 | ||||||||
Expires 02/18/2011 | ||||||||
5-Year U.S. Treasury Note Future | (52 | ) | (105 | ) | ||||
Put Strike $119.50 | ||||||||
Expires 02/18/2011 | ||||||||
Total Written Options (Premiums: $851) | (967 | ) | ||||||
Floating Rate | Pay/Receive | Exercise | Expiration | Premiums Paid | ||||||||||||||||||
Description | Index | Floating Rate | Rate | Date | Notional Amount | (Received) | Value | |||||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 2.80% | 02/08/2011 | $ | (26,200 | ) | $ | (451 | ) | $ | (17 | ) | |||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.14 | 09/13/2011 | (24,800 | ) | (918 | ) | (285 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.23 | 09/03/2013 | (24,500 | ) | (1,529 | ) | (495 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.44 | 10/21/2013 | (6,000 | ) | (383 | ) | (165 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.77 | 11/23/2012 | (14,600 | ) | (724 | ) | (445 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.81 | 12/09/2011 | (10,600 | ) | (420 | ) | (371 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.83 | 07/30/2012 | (15,900 | ) | (759 | ) | (539 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.84 | 12/12/2011 | (25,000 | ) | (978 | ) | (912 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.85 | 12/12/2011 | (16,800 | ) | (657 | ) | (623 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.86 | 11/23/2012 | (20,300 | ) | (1,010 | ) | (680 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.95 | 12/13/2011 | (2,000 | ) | (79 | ) | (83 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.03 | 12/06/2012 | (8,700 | ) | (447 | ) | (349 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.05 | 06/18/2012 | (16,500 | ) | (879 | ) | (721 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.07 | 07/08/2013 | (35,000 | ) | (2,017 | ) | (1,377 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.14 | 12/07/2012 | (6,800 | ) | (360 | ) | (303 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.14 | 06/15/2012 | (36,000 | ) | (1,916 | ) | (1,720 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.49 | 12/05/2011 | (19,900 | ) | (1,208 | ) | (1,431 | ) |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 40
At December 31, 2010
(all amounts except share amounts in thousands)
Floating Rate | Pay/Receive | Exercise | Expiration | Premiums Paid | ||||||||||||||||||
Description | Index | Floating Rate | Rate | Date | Notional Amount | (Received) | Value | |||||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.89% | 12/03/2014 | $ | (14,600 | ) | $ | (1,085 | ) | $ | (979 | ) | |||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.90 | 03/04/2013 | (24,700 | ) | (1,470 | ) | (1,975 | ) | ||||||||||||
Call - Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.92 | 03/05/2013 | (17,000 | ) | (996 | ) | (1,382 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 2.15 | 04/26/2011 | (16,400 | ) | (88 | ) | (327 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 2.80 | 02/08/2011 | (26,200 | ) | (451 | ) | (1,409 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.14 | 09/13/2011 | (24,800 | ) | (918 | ) | (1,488 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.23 | 09/03/2013 | (24,500 | ) | (1,529 | ) | (2,685 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.44 | 10/21/2013 | (6,000 | ) | (383 | ) | (587 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.77 | 11/23/2012 | (14,600 | ) | (724 | ) | (1,011 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.81 | 12/09/2011 | (10,600 | ) | (420 | ) | (404 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.83 | 07/30/2012 | (15,900 | ) | (759 | ) | (923 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.84 | 12/12/2011 | (25,000 | ) | (978 | ) | (930 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.85 | 12/12/2011 | (16,800 | ) | (657 | ) | (617 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.86 | 11/23/2012 | (20,300 | ) | (1,010 | ) | (1,333 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.95 | 12/13/2011 | (2,000 | ) | (79 | ) | (67 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.00 | 08/13/2012 | (36,500 | ) | (1,026 | ) | (1,913 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.03 | 12/06/2012 | (8,700 | ) | (447 | ) | (518 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.05 | 06/18/2012 | (16,500 | ) | (879 | ) | (763 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.07 | 07/08/2013 | (35,000 | ) | (2,017 | ) | (2,486 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.14 | 12/07/2012 | (6,800 | ) | (360 | ) | (378 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.14 | 06/15/2012 | (36,000 | ) | (1,916 | ) | (1,547 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.49 | 12/05/2011 | (19,900 | ) | (1,208 | ) | (367 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.89 | 12/03/2014 | (14,600 | ) | (1,085 | ) | (907 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.90 | 03/04/2013 | (24,700 | ) | (1,470 | ) | (934 | ) | ||||||||||||
Put - Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.92 | 03/05/2013 | (17,000 | ) | (996 | ) | (633 | ) | ||||||||||||
$ | (37,686 | ) | $ | (37,079 | ) | |||||||||||||||||
Fixed Deal | Implied Credit | |||||||||||||||||||||||||||
Receive | Maturity | Spread (BP) at | Notional | Market | Premiums | Net Unrealized | ||||||||||||||||||||||
Reference Obligation | Rate | Date | Counterparty | 12/31/2010 (3) | Amount (4) | Value | Paid(Received) | Appreciation(Depreciation) | ||||||||||||||||||||
Emerging Markets High Yield Index | 5.00 | % | 12/20/2015 | MYC | 6.84 | $ | 4,380 | $ | (595 | ) | $ | (549 | ) | $ | (46 | ) | ||||||||||||
North American High Yield Index | 5.00 | 12/20/2015 | DUB | 11.83 | 6,750 | (186 | ) | 30 | (216 | ) | ||||||||||||||||||
$ | (781 | ) | $ | (519 | ) | $ | (262 | ) | ||||||||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 41
At December 31, 2010
(all amounts except share amounts in thousands)
Maturity | Currency | Notional | Market | Premiums | Net Unrealized | |||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | Paid(Received) | Appreciation(Depreciation) | ||||||||||||||||||
3-Month USD LIBOR | 1.64 | % | 08/18/2015 | MYC | USD | $ | 41,600 | $ | 697 | $ | — | $ | 697 | |||||||||||||
3-Month USD LIBOR | 1.62 | 08/24/2015 | DUB | USD | 35,400 | 640 | — | 640 | ||||||||||||||||||
3-Month USD LIBOR | 3.01 | 07/06/2020 | DUB | USD | 15,500 | 372 | — | 372 | ||||||||||||||||||
3-Month USD-LIBOR | 0.57 | 11/10/2012 | CBK | USD | 66,500 | 216 | — | 216 | ||||||||||||||||||
3-Month USD-LIBOR | 0.66 | 12/08/2012 | CBK | USD | 24,600 | 57 | — | 57 | ||||||||||||||||||
3-Month USD-LIBOR | 0.82 | 12/14/2012 | CBK | USD | 11,100 | (7 | ) | — | (7 | ) | ||||||||||||||||
3-Month USD-LIBOR | 0.82 | 12/14/2012 | DUB | USD | 75,000 | (50 | ) | — | (50 | ) | ||||||||||||||||
3-Month USD-LIBOR | 2.86 | 11/12/2020 | CBK | USD | 5,800 | 248 | — | 248 | ||||||||||||||||||
3-Month USD-LIBOR | 3.21 | 12/07/2020 | CBK | USD | 4,500 | 61 | — | 61 | ||||||||||||||||||
3-Month USD-LIBOR | 3.39 | 12/10/2020 | UAG | USD | 4,500 | (9 | ) | — | (9 | ) | ||||||||||||||||
3-Month USD-LIBOR | 3.48 | 12/15/2020 | GST | USD | 5,900 | (59 | ) | — | (59 | ) | ||||||||||||||||
3-Month USD-LIBOR | 3.66 | 12/20/2020 | DUB | USD | 3,300 | (84 | ) | — | (84 | ) | ||||||||||||||||
3-Month USD-LIBOR | 3.56 | 12/31/2020 | UAG | USD | 39,900 | (689 | ) | — | (689 | ) | ||||||||||||||||
$ | 1,393 | $ | — | $ | 1,393 | |||||||||||||||||||||
Maturity | Currency | Notional | Market | Premiums | Net Unrealized | |||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | Paid(Received) | Appreciation(Depreciation) | ||||||||||||||||||
3-Month USD LIBOR | 0.29 | % | 05/05/2020 | MYC | USD | $ | 18,300 | $ | 686 | $ | — | $ | 686 | |||||||||||||
3-Month USD-LIBOR | 0.29 | 10/22/2015 | MYC | USD | 9,300 | (332 | ) | — | (332 | ) | ||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/31/2015 | UAG | USD | 71,800 | 629 | — | 629 | ||||||||||||||||||
3-Month USD-LIBOR | 0.28 | 11/18/2020 | GLM | USD | 17,400 | 822 | 752 | 70 | ||||||||||||||||||
3-Month USD-LIBOR | 0.28 | 11/26/2020 | DUB | USD | 2,500 | (102 | ) | — | (102 | ) | ||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/17/2020 | CBK | USD | 2,300 | 47 | — | 47 | ||||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/21/2020 | CBK | USD | 5,600 | 30 | — | 30 | ||||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/22/2020 | CBK | USD | 4,200 | 5 | — | 5 | ||||||||||||||||||
3-Month USD-LIBOR | 0.30 | 12/24/2020 | MYC | USD | 11,600 | 55 | — | 55 | ||||||||||||||||||
$ | 1,840 | $ | 752 | $ | 1,088 | |||||||||||||||||||||
Net Unrealized | ||||||||||||||
Appreciation | ||||||||||||||
Description | Type | Contracts Г | Expiration Date | (Depreciation) | ||||||||||
10-Year U.S. Treasury Note | Short | (669 | ) | 03/22/2011 | $ | (476 | ) | |||||||
2-Year U.S. Treasury Note | Long | 1,063 | 03/31/2011 | 398 | ||||||||||
30-Year U.S. Treasury Bond | Long | 1,364 | 03/22/2011 | (2,751 | ) | |||||||||
5-Year U.S. Treasury Note | Short | (58 | ) | 03/31/2011 | (6 | ) | ||||||||
90-Day Euro | Short | (286 | ) | 12/19/2011 | (258 | ) | ||||||||
90-Day Euro | Long | 57 | 12/17/2012 | (63 | ) | |||||||||
Ultra Long U.S. Treasury Bond | Short | (619 | ) | 03/22/2011 | 1,548 | |||||||||
$ | (1,608 | ) | ||||||||||||
Amount in U.S. | Net Unrealized | |||||||||||||||
Dollars Bought | Appreciation | |||||||||||||||
Currency | Bought (Sold) | Settlement Date | (Sold) | (Depreciation) | ||||||||||||
Euro | 605 | 01/28/2011 | $ | 799 | $ | 10 | ||||||||||
Pound Sterling | (2,231 | ) | 01/19/2011 | (3,543 | ) | 66 | ||||||||||
$ | 76 | |||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 42
At December 31, 2010
(all amounts except share amounts in thousands)
^ | All or a portion of this security is on loan. The value of all securities on loan is $29,833. | |
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
Ə | Security fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. This security had a market value of $4,180, or 0.26% of the fund’s net assets. | |
Ž | The security has a perpetual maturity. The date shown is the next call date. | |
Џ | In default. | |
♦ | Value and/or cost is less than $1. | |
∞ | Percentage rounds to less than 0.1%. | |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
‡ | Non-income producing security. | |
§ | Illiquid. At 12/31/10, illiquid investment securities aggregated to less than $1, or less than 0.01% of the portfolio’s net assets. | |
# | Aggregate cost for federal income tax purposes is $2,016,568. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $40,627 and $47,025, respectively. Net unrealized depreciation for tax purposes is $6,398. | |
Г | Contract amounts are not in thousands. | |
± | Restricted security. At 12/31/2010, the portfolio owned the following securities (representing 0.21% of net assets) which were restricted as to public resale. |
Description | Date of Acquisition | Principal | Cost | Value | Price* | |||||||||||||||
Globaldrive BV | 11/02/2009 | 2,340 | 3,499 | 3,154 | 1.35 | |||||||||||||||
Lehman Brothers Holdings Capital Trust VII | 05/22/2007 | 1,945 | 1,922 | ♦ | ¥ | |||||||||||||||
TNK-BP Finance SA | 07/13/2006 | 170 | 175 | 188 | 1.11 |
* | Price not rounded to thousands. | |
¥ | Price rounds to less than $0.01. | |
γ | A portion of these securities in the amount of $9,965 have been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
α | All or a portion of these securities are segregated as collateral with the broker for open swaps contracts and/or for swaptions. The value of these securities at 12/31/2010 is $19,570. | |
π | Securities with an aggregate market value of $9,837 and cash in the amount of $2,000 have been pledged by the broker as collateral with the custodian for open swap contracts and/or swaptions. | |
(2) | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (a) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (b) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |
(3) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. | |
(4) | The maximum potential amount the Fund could be required to make as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $207,314, or 12.78%, of the fund’s net assets. | |
BP | Basis Points | |
CBK | Citibank N.A. | |
CDX | A series of indices that track North American and emerging market credit derivative indices. | |
CPI | Consumer Price Index | |
DUB | Deutsche Bank AG | |
EUR | Euro | |
GBP | Pound Sterling | |
GLM | Goldman Sachs Global Liquidity Management | |
GST | Goldman Sachs Trust | |
IO | Interest Only | |
LIBOR | London Interbank Offered Rate | |
MYC | Morgan Stanley Capital Services | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced | |
UAG | UBS AG | |
USD | United States Dollar |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 43
At December 31, 2010
(all amounts except share amounts in thousands)
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Asset-Backed Securities | $ | — | $ | 97,055 | $ | — | $ | 97,055 | ||||||||
Common Stocks | 36 | — | — | 36 | ||||||||||||
Convertible Bonds | — | 1,362 | — | 1,362 | ||||||||||||
Corporate Debt Securities | — | 476,410 | ♦ | 476,410 | ||||||||||||
Foreign Government Obligations | — | 19,154 | — | 19,154 | ||||||||||||
Mortgage-Backed Securities | — | 340,702 | — | 340,702 | ||||||||||||
Municipal Government Obligations | — | 35,648 | — | 35,648 | ||||||||||||
Preferred Corporate Debt Securities | — | 11,660 | ♦ | 11,660 | ||||||||||||
Preferred Stocks | 353 | — | — | 353 | ||||||||||||
Purchased Swaptions | — | 27,977 | — | 27,977 | ||||||||||||
Repurchase Agreement | — | 71,991 | — | 71,991 | ||||||||||||
Securities Lending Collateral | 32,324 | — | — | 32,324 | ||||||||||||
U.S. Government Agency Obligations | — | 771,523 | — | 771,523 | ||||||||||||
U.S. Government Obligations | — | 123,973 | — | 123,973 | ||||||||||||
Warrants | — | 2 | — | 2 | ||||||||||||
Total | $ | 32,713 | $ | 1,977,457 | $ | ♦ | $ | 2,010,170 | ||||||||
Securities Sold Short | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (232,309 | ) | $ | — | $ | (232,309 | ) | ||||||
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Options | $ | — | $ | (967 | ) | $ | — | $ | (967 | ) | ||||||
Written Swaptions | — | (37,079 | ) | — | (37,079 | ) | ||||||||||
Total | $ | — | $ | (38,046 | ) | $ | — | $ | (38,046 | ) | ||||||
Other Financial Instruments* | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Interest Rate Swap - Appreciation | $ | — | $ | 3,813 | $ | — | $ | 3,813 | ||||||||
Interest Rate Swap - Depreciation | — | (1,332 | ) | — | (1,332 | ) | ||||||||||
Credit Default Swap - Depreciation | — | (262 | ) | — | (262 | ) | ||||||||||
Futures Contracts - Appreciation | 1,946 | — | — | 1,946 | ||||||||||||
Futures Contracts - Depreciation | (3,554 | ) | — | — | (3,554 | ) | ||||||||||
Forward Foreign Currency Contracts - Appreciation | — | 76 | — | 76 | ||||||||||||
Total | $ | (1,608 | ) | $ | 2,295 | $ | — | $ | 687 |
Beginning | Net Transfers | Ending | ||||||||||||||||||||||||||
Balance at | Net | Accrued | Total Realized | Change in Unrealized | In/(Out) of | Balance at | ||||||||||||||||||||||
Securities | 12/31/2009 | Purchases/(Sales) | Discounts/(Premiums) | Gain/(Loss) | Appreciation/(Depreciation) | Level 3 | 12/31/2010 | |||||||||||||||||||||
Asset-Backed Securities | $ | 4,957 | $ | (355 | ) | $ | — | $ | (32 | ) | $ | (206 | ) | $ | (4,364 | ) | $ | — | ||||||||||
Corporate Debt Securities | — | — | — | — | (♦ | ) | ♦ | ♦ | ||||||||||||||||||||
Preferred Corporate Debt Securities | — | — | — | — | (♦ | ) | ♦ | ♦ | ||||||||||||||||||||
Total | $ | 4,957 | $ | (355 | ) | $ | — | $ | (32 | ) | $ | (206 | ) | $ | (4,364 | ) | $ | ♦ |
* | Other financial instruments are derivative instruments including, but not limited to, Futures Contracts, Forward Foreign Currency Contracts, and Swap Contracts that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 44
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 0.1% | ||||||||
AES Eastern Energy, LP | ||||||||
Series 99-A, Class A | ||||||||
9.00%, 01/02/2017 | $ | 372 | $ | 389 | ||||
Continental Airlines Pass-Through Trust | ||||||||
Series 2001-1, Class C | ||||||||
7.03%, 06/15/2011 | 262 | 264 | ||||||
Total Asset-Backed Securities (cost $637) | 653 | |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.0% ∞ | ||||||||
Diversified Telecommunication Services - 0.0% ∞ | ||||||||
Muzak Holdings LLC (Escrow Certificates) | ||||||||
10.00%, 02/15/2009 Ə | 550 | 32 | ||||||
Hotels, Restaurants & Leisure - 0.0% ∞ | ||||||||
Fontainebleau Resorts | ||||||||
12.50%, 06/30/2012 - 144A Ώ Џ Ə § ± | 3,827 | ♦ | ||||||
Total Preferred Corporate Debt Securities (cost $3,972) | 32 | |||||||
CORPORATE DEBT SECURITIES - 87.3% | ||||||||
Aerospace & Defense - 0.8% | ||||||||
Alliant Techsystems, Inc. | ||||||||
6.88%, 09/15/2020 | 565 | 581 | ||||||
BE Aerospace, Inc. | ||||||||
6.88%, 10/01/2020 | 1,090 | 1,125 | ||||||
TransDigm, Inc | ||||||||
7.75%, 12/15/2018 - 144A | 3,855 | 3,991 | ||||||
Air Freight & Logistics - 0.2% | ||||||||
AMGH Merger Sub, Inc. | ||||||||
9.25%, 11/01/2018 - 144A | 1,265 | 1,328 | ||||||
Airlines - 0.0% ∞ | ||||||||
Delta Air Lines, Inc. (Escrow Certificates) | ||||||||
7.90%, 12/15/2049 | 500 | 11 | ||||||
United Air Lines, Inc. | ||||||||
9.88%, 08/01/2013 - 144A | 235 | 253 | ||||||
Auto Components - 1.8% | ||||||||
Affinia Group Holdings, Inc. | ||||||||
10.75%, 08/15/2016 - 144A | 1,062 | 1,179 | ||||||
Allison Transmission, Inc. | ||||||||
11.00%, 11/01/2015 - 144A | 735 | 801 | ||||||
11.25%, 11/01/2015 - 144A Ώ | 3,913 | 4,264 | ||||||
American Axle & Manufacturing Holdings, Inc. | ||||||||
9.25%, 01/15/2017 - 144A | 2,130 | 2,380 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
10.50%, 05/15/2016 | 800 | 912 | ||||||
Lear Corp. | ||||||||
7.88%, 03/15/2018 | 450 | 482 | ||||||
8.13%, 03/15/2020 | 330 | 359 | ||||||
Tower Automotive Holdings USA LLC | ||||||||
10.63%, 09/01/2017 - 144A | 2,034 | 2,187 | ||||||
Automobiles - 0.2% | ||||||||
Ford Motor Co. | ||||||||
7.45%, 07/16/2031 | 1,395 | 1,494 | ||||||
Biotechnology - 0.1% | ||||||||
Talecris Biotherapeutics Holdings Corp. | ||||||||
7.75%, 11/15/2016 | 450 | 488 | ||||||
Building Products - 0.3% | ||||||||
Associated Materials LLC | ||||||||
9.13%, 11/01/2017 - 144A | 2,150 | 2,247 | ||||||
Chemicals - 3.2% | ||||||||
Celanese U.S. Holdings LLC | ||||||||
6.63%, 10/15/2018 - 144A | 655 | 676 | ||||||
CF Industries Holdings, Inc. | ||||||||
6.88%, 05/01/2018 | 2,180 | 2,333 | ||||||
7.13%, 05/01/2020 | 1,625 | 1,779 | ||||||
Chemtura Corp. | ||||||||
7.88%, 09/01/2018 - 144A | 1,520 | 1,615 | ||||||
Hexion US Finance Corp. | ||||||||
9.00%, 11/15/2020 - 144A | 775 | 820 | ||||||
Ineos Group Holdings PLC | ||||||||
8.50%, 02/15/2016 - 144A | 2,570 | 2,448 | ||||||
Lyondell Chemical Co. | ||||||||
8.00%, 11/01/2017 - 144A | 3,001 | 3,321 | ||||||
11.00%, 05/01/2018 | 1,295 | 1,467 | ||||||
Momentive Performance Materials, Inc. | ||||||||
9.00%, 01/15/2021 - 144A | 215 | 227 | ||||||
Nalco Co. | ||||||||
8.25%, 05/15/2017 | 540 | 585 | ||||||
Nova Chemicals Corp. | ||||||||
8.38%, 11/01/2016 | 1,390 | 1,480 | ||||||
PolyOne Corp. | ||||||||
7.38%, 09/15/2020 | 440 | 456 | ||||||
Rain CII Carbon LLC and CII Carbon Corp. | ||||||||
8.00%, 12/01/2018 - 144A | 2,040 | 2,091 | ||||||
Reichhold Industries, Inc. | ||||||||
9.00%, 08/15/2014 - 144A § | 800 | 706 | ||||||
Scotts Miracle-Gro Co. | ||||||||
7.25%, 01/15/2018 | 460 | 484 | ||||||
Solutia, Inc. | ||||||||
8.75%, 11/01/2017 | 1,225 | 1,341 | ||||||
Vertellus Specialties, Inc. | ||||||||
9.38%, 10/01/2015 - 144A | 890 | 943 | ||||||
Commercial Services & Supplies - 1.0% | ||||||||
ACCO Brands Corp. | ||||||||
10.63%, 03/15/2015 | 1,610 | 1,811 | ||||||
Brickman Group Holdings, Inc. | ||||||||
9.13%, 11/01/2018 - 144A | 450 | 456 | ||||||
Casella Waste Systems, Inc. | ||||||||
11.00%, 07/15/2014 | 475 | 525 | ||||||
Interface, Inc. | ||||||||
7.63%, 12/01/2018 - 144A | 730 | 754 | ||||||
Koppers, Inc. | ||||||||
7.88%, 12/01/2019 | 550 | 590 | ||||||
RBS Global, Inc. | ||||||||
11.75%, 08/01/2016 | 870 | 933 | ||||||
Trans Union LLC | ||||||||
11.38%, 06/15/2018 - 144A | 1,680 | 1,915 | ||||||
Communications Equipment - 0.2% | ||||||||
Brocade Communications Systems, Inc. | ||||||||
6.63%, 01/15/2018 | 565 | 595 | ||||||
6.88%, 01/15/2020 | 565 | 601 | ||||||
Computers & Peripherals - 0.1% | ||||||||
Seagate HDD Cayman | ||||||||
7.75%, 12/15/2018 - 144A | 885 | 896 | ||||||
Construction & Engineering - 0.3% | ||||||||
Tutor Perini Corp. | ||||||||
7.63%, 11/01/2018 - 144A | 1,930 | 1,940 | ||||||
Construction Materials - 0.1% | ||||||||
Ply Gem Industries, Inc. | ||||||||
11.75%, 06/15/2013 | 655 | 701 | ||||||
RathGibson, Inc. | ||||||||
11.25%, 02/15/2014 Џ | 2,145 | 15 | ||||||
Containers & Packaging - 0.2% | ||||||||
BWAY Holding Co. | ||||||||
10.00%, 06/15/2018 - 144A | 455 | 491 | ||||||
Intertape Polymer U.S., Inc. | ||||||||
8.50%, 08/01/2014 | 1,055 | 870 | ||||||
Distributors - 0.2% | ||||||||
McJunkin Red Man Corp. | ||||||||
9.50%, 12/15/2016 - 144A | 1,760 | 1,663 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 45
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Diversified Consumer Services - 3.5% | ||||||||
Education Management LLC | ||||||||
8.75%, 06/01/2014 | $ | 2,475 | $ | 2,537 | ||||
10.25%, 06/01/2016 | 1,095 | 1,122 | ||||||
Express LLC | ||||||||
8.75%, 03/01/2018 | 4,645 | 4,935 | ||||||
Laureate Education, Inc. | ||||||||
10.00%, 08/15/2015 - 144A | 5,805 | 6,023 | ||||||
10.25%, 08/15/2015 - 144A Ώ | 7,789 | 8,030 | ||||||
11.75%, 08/15/2017 - 144A | 2,070 | 2,236 | ||||||
Diversified Financial Services - 11.6% | ||||||||
Abengoa Finance SAU | ||||||||
8.88%, 11/01/2017 - 144A | 1,255 | 1,161 | ||||||
Ally Financial, Inc. | ||||||||
7.00%, 02/01/2012 | 1,300 | 1,346 | ||||||
8.00%, 12/31/2018 | 2,655 | 2,808 | ||||||
8.00%, 11/01/2031 | 3,830 | 4,127 | ||||||
8.30%, 02/12/2015 | 4,655 | 5,120 | ||||||
Ardagh Packaging Finance PLC | ||||||||
7.38%, 10/15/2017 - 144A | 645 | 665 | ||||||
9.13%, 10/15/2020 - 144A | 900 | 936 | ||||||
AWAS Aviation Capital, Ltd. | ||||||||
7.00%, 10/15/2016 - 144A | 2,085 | 2,067 | ||||||
Buffalo Thunder Development Authority | ||||||||
9.38%, 12/15/2014 - 144A Џ | 3,095 | 890 | ||||||
Bumble Bee Acquisition Corp. | ||||||||
9.00%, 12/15/2017 - 144A | 1,990 | 2,070 | ||||||
CCM Merger, Inc. | ||||||||
8.00%, 08/01/2013 - 144A | 1,215 | 1,182 | ||||||
Ceva Group PLC | ||||||||
8.38%, 12/01/2017 - 144A | 3,450 | 3,485 | ||||||
11.50%, 04/01/2018 - 144A | 2,605 | 2,813 | ||||||
11.63%, 10/01/2016 - 144A | 1,715 | 1,882 | ||||||
Chukchansi Economic Development Authority | ||||||||
3.94%, 11/15/2012 - 144A * § | 935 | 604 | ||||||
CIT Group, Inc. | ||||||||
7.00%, 05/01/2014-05/01/2017 | 5,945 | 5,967 | ||||||
Compton Petroleum Finance Corp. | ||||||||
10.00%, 09/15/2017 | 814 | 671 | ||||||
Dunkin Finance Corp. | ||||||||
9.63%, 12/01/2018 - 144A | 3,475 | 3,510 | ||||||
Ford Motor Credit Co., LLC | ||||||||
8.00%, 12/15/2016 | 3,595 | 4,017 | ||||||
8.13%, 01/15/2020 | 2,175 | 2,530 | ||||||
12.00%, 05/15/2015 | 1,150 | 1,447 | ||||||
Ineos Finance PLC | ||||||||
9.00%, 05/15/2015 - 144A | 2,000 | 2,128 | ||||||
MCE Finance, Ltd. | ||||||||
10.25%, 05/15/2018 | 1,725 | 1,977 | ||||||
Nielsen Finance LLC | ||||||||
11.50%, 05/01/2016 | 1,750 | 2,021 | ||||||
11.63%, 02/01/2014 | 1,825 | 2,112 | ||||||
12.50%, 08/01/2016 * | 1,365 | 1,433 | ||||||
Petroplus Finance, Ltd. | ||||||||
6.75%, 05/01/2014 - 144A | 255 | 235 | ||||||
7.00%, 05/01/2017 - 144A | 1,645 | 1,456 | ||||||
9.38%, 09/15/2019 - 144A | 1,760 | 1,628 | ||||||
Pinafore LLC | ||||||||
9.00%, 10/01/2018 - 144A | 4,605 | 4,972 | ||||||
Pinnacle Foods Finance LLC | ||||||||
9.25%, 04/01/2015 | 1,010 | 1,052 | ||||||
Reynolds Group Issuer, Inc. | ||||||||
7.13%, 04/15/2019 - 144A | 1,105 | 1,124 | ||||||
8.50%, 05/15/2018 - 144A | 2,125 | 2,136 | ||||||
9.00%, 04/15/2019 - 144A | 3,755 | 3,891 | ||||||
Universal City Development Partners, Ltd. | ||||||||
8.88%, 11/15/2015 | 2,665 | 2,832 | ||||||
10.88%, 11/15/2016 | 2,810 | 3,070 | ||||||
Diversified Telecommunication Services - 8.2% | ||||||||
Avaya, Inc. | ||||||||
9.75%, 11/01/2015 | 3,200 | 3,256 | ||||||
10.13%, 11/01/2015 Ώ | 3,906 | 4,004 | ||||||
Clearwire Communications LLC | ||||||||
12.00%, 12/01/2015 - 144A | 4,185 | 4,519 | ||||||
Intelsat Jackson Holdings SA | ||||||||
9.50%, 06/15/2016 | 3,616 | 3,815 | ||||||
11.25%, 06/15/2016 | 5,550 | 5,979 | ||||||
11.50%, 06/15/2016 | 570 | 614 | ||||||
Intelsat Luxembourg SA | ||||||||
11.50%, 02/04/2017 Ώ | 2,245 | 2,481 | ||||||
Intelsat SA | ||||||||
6.50%, 11/01/2013 | 1,210 | 1,258 | ||||||
Muzak LLC | ||||||||
15.00%, 07/31/2014 Ώ | 347 | 276 | ||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 3,050 | 2,669 | ||||||
6.90%, 05/01/2019 | 4,165 | 4,113 | ||||||
Telesat Canada | ||||||||
11.00%, 11/01/2015 | 6,620 | 7,430 | ||||||
12.50%, 11/01/2017 | 3,375 | 3,974 | ||||||
Virgin Media Finance PLC | ||||||||
8.38%, 10/15/2019 | 250 | 273 | ||||||
9.13%, 08/15/2016 | 3,215 | 3,424 | ||||||
West Corp. | ||||||||
7.88%, 01/15/2019 - 144A | 2,215 | 2,254 | ||||||
Wind Acquisition Finance SA | ||||||||
11.75%, 07/15/2017 - 144A | 1,545 | 1,742 | ||||||
Wind Acquisition Holdings Finance SA | ||||||||
12.25%, 07/15/2017 - 144A Ώ | 1,755 | 2,036 | ||||||
Windstream Corp. | ||||||||
7.88%, 11/01/2017 | 2,375 | 2,497 | ||||||
8.13%, 09/01/2018 | 1,190 | 1,250 | ||||||
Electric Utilities - 0.4% | ||||||||
Calpine Construction Finance Co., LP | ||||||||
8.00%, 06/01/2016 - 144A | 1,520 | 1,615 | ||||||
Dynegy Holdings, Inc. | ||||||||
7.63%, 10/15/2026 | 1,550 | 915 | ||||||
7.75%, 06/01/2019 | 670 | 447 | ||||||
Electrical Equipment - 0.1% | ||||||||
Polypore International, Inc. | ||||||||
7.50%, 11/15/2017 - 144A | 555 | 566 | ||||||
Energy Equipment & Services - 0.6% | ||||||||
El Paso Tennessee Pipeline Co. | ||||||||
7.25%, 12/15/2025 | 2,885 | 2,733 | ||||||
Precision Drilling Corp. | ||||||||
6.63%, 11/15/2020 - 144A | 1,580 | 1,608 | ||||||
Food Products - 2.0% | ||||||||
American Seafoods Group LLC | ||||||||
10.75%, 05/15/2016 - 144A | 3,180 | 3,387 | ||||||
ASG Consolidated LLC | ||||||||
15.00%, 05/15/2017 - 144A Ώ § | 1,364 | 1,283 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 46
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Food Products (continued) | ||||||||
Michael Foods, Inc. | ||||||||
9.75%, 07/15/2018 - 144A | $ | 2,210 | $ | 2,414 | ||||
Smithfield Foods, Inc. | ||||||||
7.75%, 05/15/2013 | 720 | 767 | ||||||
10.00%, 07/15/2014 - 144A | 955 | 1,101 | ||||||
U.S. Foodservice | ||||||||
10.25%, 06/30/2015 - 144A | 4,455 | 4,611 | ||||||
Health Care Equipment & Supplies - 2.6% | ||||||||
Accellent, Inc. | ||||||||
8.38%, 02/01/2017 | 2,370 | 2,429 | ||||||
Alere, Inc. | ||||||||
7.88%, 02/01/2016 | 1,395 | 1,398 | ||||||
Biomet, Inc. | ||||||||
10.00%, 10/15/2017 | 200 | 219 | ||||||
10.38%, 10/15/2017 Ώ | 2,050 | 2,240 | ||||||
11.63%, 10/15/2017 | 7,065 | 7,807 | ||||||
DJO Finance LLC | ||||||||
10.88%, 11/15/2014 | 3,735 | 4,076 | ||||||
Health Care Providers & Services - 2.6% | ||||||||
American Renal Holdings | ||||||||
8.38%, 05/15/2018 - 144A | 435 | 446 | ||||||
HCA Holdings, Inc. | ||||||||
7.75%, 05/15/2021 - 144A | 2,755 | 2,755 | ||||||
HCA, Inc. | ||||||||
9.25%, 11/15/2016 | 3,565 | 3,803 | ||||||
9.88%, 02/15/2017 | 1,500 | 1,650 | ||||||
inVentiv Health, Inc. | ||||||||
10.00%, 08/15/2018 - 144A | 765 | 767 | ||||||
Multiplan, Inc. | ||||||||
9.88%, 09/01/2018 - 144A | 2,280 | 2,423 | ||||||
National Mentor Holdings, Inc. | ||||||||
11.25%, 07/01/2014 | 1,790 | 1,817 | ||||||
Res-Care, Inc. | ||||||||
10.75%, 01/15/2019 - 144A | 1,975 | 2,034 | ||||||
U.S. Oncology, Inc. | ||||||||
9.13%, 08/15/2017 | 1,110 | 1,368 | ||||||
10.75%, 08/15/2014 | 1,775 | 1,839 | ||||||
Health Care Technology - 0.1% | ||||||||
MedAssets, Inc. | ||||||||
8.00%, 11/15/2018 - 144A | 555 | 558 | ||||||
Hotels, Restaurants & Leisure - 6.1% | ||||||||
Eldorado Casino Shreveport | ||||||||
10.00%, 08/01/2012 Ə Ώ | 126 | 111 | ||||||
Fontainebleau Las Vegas Holdings LLC | ||||||||
10.25%, 06/15/2015 - 144A Џ | 5,645 | 20 | ||||||
Greektown Holdings LLC (Escrow Shares) | ||||||||
10.75%, 12/01/2013 - 144A Ə | 1,495 | ♦ | ||||||
Harrah’s Operating Co., Inc. | ||||||||
5.38%, 12/15/2013 | 900 | 844 | ||||||
5.63%, 06/01/2015 | 6,365 | 5,330 | ||||||
10.00%, 12/15/2018 | 555 | 506 | ||||||
11.25%, 06/01/2017 | 3,240 | 3,644 | ||||||
12.75%, 04/15/2018 - 144A | 2,250 | 2,261 | ||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
12.00%, 11/15/2010 Џ | 2,060 | 1,074 | ||||||
Majestic Holdco LLC | ||||||||
12.50%, 10/15/2011 - 144A Џ § | 890 | 1 | ||||||
Mandalay Resort Group | ||||||||
6.38%, 12/15/2011 | 2,325 | 2,340 | ||||||
MGM Resorts International | ||||||||
6.75%, 09/01/2012 | 990 | 985 | ||||||
9.00%, 03/15/2020 - 144A | 555 | 611 | ||||||
10.38%, 05/15/2014 | 1,175 | 1,319 | ||||||
11.13%, 11/15/2017 | 1,215 | 1,397 | ||||||
Mohegan Tribal Gaming Authority | ||||||||
6.88%, 02/15/2015 | 2,340 | 1,445 | ||||||
7.13%, 08/15/2014 | 2,225 | 1,402 | ||||||
8.00%, 04/01/2012 | 2,050 | 1,712 | ||||||
11.50%, 11/01/2017 - 144A | 1,385 | 1,278 | ||||||
NCL Corp., Ltd. | ||||||||
9.50%, 11/15/2018 - 144A | 1,105 | 1,138 | ||||||
11.75%, 11/15/2016 | 1,100 | 1,283 | ||||||
NPC International, Inc. | ||||||||
9.50%, 05/01/2014 | 2,065 | 2,111 | ||||||
Peninsula Gaming LLC | ||||||||
8.38%, 08/15/2015 | 335 | 352 | ||||||
10.75%, 08/15/2017 | 1,635 | 1,762 | ||||||
Royal Caribbean Cruises, Ltd. | ||||||||
6.88%, 12/01/2013 | 365 | 387 | ||||||
7.25%, 06/15/2016-03/15/2018 | 970 | 1,037 | ||||||
San Pasqual Casino | ||||||||
8.00%, 09/15/2013 - 144A § | 475 | 476 | ||||||
Seminole Hard Rock Entertainment, Inc. | ||||||||
2.80%, 03/15/2014 - 144A * | 405 | 371 | ||||||
Tunica-Biloxi Gaming Authority | ||||||||
9.00%, 11/15/2015 - 144A § | 2,435 | 2,295 | ||||||
Waterford Gaming LLC | ||||||||
8.63%, 09/15/2014 - 144A Ə § | 2,721 | 1,755 | ||||||
WMG Acquisition Corp. | ||||||||
9.50%, 06/15/2016 | 2,335 | 2,504 | ||||||
Wynn Las Vegas LLC | ||||||||
7.75%, 08/15/2020 | 2,170 | 2,349 | ||||||
Household Products - 1.8% | ||||||||
Amscan Holdings, Inc. | ||||||||
8.75%, 05/01/2014 | 3,590 | 3,590 | ||||||
Diversey Holdings, Inc. | ||||||||
10.50%, 05/15/2020 | 2,346 | 2,698 | ||||||
Libbey Glass, Inc. | ||||||||
10.00%, 02/15/2015 - 144A | 1,740 | 1,871 | ||||||
Spectrum Brands Holdings, Inc. | ||||||||
12.00%, 08/28/2019 Ώ | 2,510 | 2,802 | ||||||
Yankee Acquisition Corp. | ||||||||
9.75%, 02/15/2017 | 2,040 | 2,127 | ||||||
Independent Power Producers & Energy Traders - 1.8% | ||||||||
Calpine Corp. | ||||||||
7.50%, 02/15/2021 - 144A | 5,635 | 5,550 | ||||||
Genon Energy, Inc. | ||||||||
7.63%, 06/15/2014 | 210 | 215 | ||||||
7.88%, 06/15/2017 | 3,235 | 3,138 | ||||||
NRG Energy, Inc. | ||||||||
7.38%, 02/01/2016 | 995 | 1,020 | ||||||
8.25%, 09/01/2020 - 144A | 2,960 | 3,034 | ||||||
Industrial Conglomerates - 0.4% | ||||||||
Amsted Industries, Inc. | ||||||||
8.13%, 03/15/2018 - 144A | 2,360 | 2,505 | ||||||
Insurance - 0.5% | ||||||||
Alliant Holdings I, Inc. | ||||||||
11.00%, 05/01/2015 - 144A | 1,480 | 1,542 | ||||||
Hub International Holdings, Inc. | ||||||||
9.00%, 12/15/2014 - 144A | 1,340 | 1,357 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 47
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Insurance (continued) | ||||||||
USI Holdings Corp. | ||||||||
4.16%, 11/15/2014 - 144A * | $ | 980 | $ | 858 | ||||
Internet & Catalog Retail - 0.7% | ||||||||
Checkout Holding Corp. | ||||||||
Zero Coupon, 11/15/2015 - 144A | 3,230 | 2,015 | ||||||
Ticketmaster Entertainment, Inc. | ||||||||
10.75%, 08/01/2016 | 2,585 | 2,798 | ||||||
IT Services - 1.1% | ||||||||
SunGard Data Systems, Inc. | ||||||||
10.63%, 05/15/2015 | 7,160 | 7,895 | ||||||
Life Sciences Tools & Services - 0.5% | ||||||||
Bio-Rad Laboratories, Inc. | ||||||||
8.00%, 09/15/2016 | 2,155 | 2,338 | ||||||
Patheon, Inc. | ||||||||
8.63%, 04/15/2017 - 144A | 880 | 878 | ||||||
Machinery - 2.0% | ||||||||
Accuride Corp. | ||||||||
9.50%, 08/01/2018 - 144A | 1,085 | 1,175 | ||||||
American Railcar Industries, Inc. | ||||||||
7.50%, 03/01/2014 | 1,000 | 1,018 | ||||||
Chart Industries, Inc. | ||||||||
9.13%, 10/15/2015 | 850 | 876 | ||||||
Commercial Vehicle Group, Inc. | ||||||||
8.00%, 07/01/2013 | 710 | 646 | ||||||
Greenbrier Cos., Inc. | ||||||||
8.38%, 05/15/2015 | 1,710 | 1,731 | ||||||
Manitowoc Co., Inc. | ||||||||
8.50%, 11/01/2020 | 1,885 | 2,003 | ||||||
9.50%, 02/15/2018 | 615 | 673 | ||||||
Navistar International Corp. | ||||||||
8.25%, 11/01/2021 | 3,025 | 3,252 | ||||||
Terex Corp. | ||||||||
10.88%, 06/01/2016 | 2,820 | 3,274 | ||||||
Media - 6.0% | ||||||||
Adelphia Communications Corp. | ||||||||
(Escrow Certificates) | ||||||||
9.25%, 10/01/2049 | 1,305 | 20 | ||||||
10.25%, 06/15/2049-11/01/2049 | 1,460 | 22 | ||||||
AMC Entertainment, Inc. | ||||||||
8.75%, 06/01/2019 | 535 | 571 | ||||||
11.00%, 02/01/2016 | 6,455 | 6,841 | ||||||
Bresnan Broadband Holdings LLC | ||||||||
8.00%, 12/15/2018 - 144A | 345 | 355 | ||||||
Cablevision Systems Corp. | ||||||||
7.75%, 04/15/2018 | 805 | 843 | ||||||
8.63%, 09/15/2017 | 550 | 599 | ||||||
Catalina Marketing Corp. | ||||||||
10.50%, 10/01/2015 - 144A Ώ | 2,384 | 2,551 | ||||||
11.63%, 10/01/2017 - 144A * § | 2,828 | 3,111 | ||||||
CCO Holdings LLC | ||||||||
7.88%, 04/30/2018 | 460 | 476 | ||||||
8.13%, 04/30/2020 | 430 | 453 | ||||||
Citadel Broadcasting Corp. | ||||||||
7.75%, 12/15/2018 - 144A | 1,295 | 1,340 | ||||||
Clear Channel Communications, Inc. | ||||||||
4.40%, 05/15/2011 | 1,495 | 1,488 | ||||||
5.00%, 03/15/2012 | 375 | 368 | ||||||
6.25%, 03/15/2011 | 6,425 | 6,408 | ||||||
Clear Channel Worldwide Holdings, Inc. - Series B | ||||||||
9.25%, 12/15/2017 | 1,270 | 1,391 | ||||||
LBI Media, Inc. | ||||||||
11.00%, 10/15/2013 * | 405 | 371 | ||||||
Live Nation Entertainment, Inc. | ||||||||
8.13%, 05/15/2018 - 144A | 1,065 | 1,078 | ||||||
MDC Partners, Inc. | ||||||||
11.00%, 11/01/2016 | 2,960 | 3,263 | ||||||
MediMedia USA, Inc. | ||||||||
11.38%, 11/15/2014 - 144A § | 1,365 | 1,174 | ||||||
NAI Entertainment Holdings LLC | ||||||||
8.25%, 12/15/2017 - 144A | 690 | 725 | ||||||
Rainbow National Services LLC | ||||||||
10.38%, 09/01/2014 - 144A | 605 | 628 | ||||||
Regal Cinemas Corp. | ||||||||
8.63%, 07/15/2019 | 1,000 | 1,060 | ||||||
Regal Entertainment Group | ||||||||
9.13%, 08/15/2018 | 760 | 809 | ||||||
Sirius XM Radio, Inc. | ||||||||
8.75%, 04/01/2015 - 144A | 1,390 | 1,505 | ||||||
9.75%, 09/01/2015 - 144A | 1,135 | 1,274 | ||||||
Sitel LLC | ||||||||
11.50%, 04/01/2018 - 144A | 680 | 561 | ||||||
XM Satellite Radio, Inc. | ||||||||
13.00%, 08/01/2013 - 144A | 2,715 | 3,231 | ||||||
Metals & Mining - 1.9% | ||||||||
Atkore International, Inc. | ||||||||
9.88%, 01/01/2018 - 144A | 1,105 | 1,149 | ||||||
FMG Resources Property, Ltd. | ||||||||
7.00%, 11/01/2015 - 144A | 5,540 | 5,678 | ||||||
Novelis, Inc. | ||||||||
8.38%, 12/15/2017 - 144A | 2,205 | 2,282 | ||||||
8.75%, 12/15/2020 - 144A | 2,205 | 2,288 | ||||||
Rain CII Carbon LLC | ||||||||
11.13%, 11/15/2015 - 144A | 1,705 | 1,848 | ||||||
U.S. Steel Corp. | ||||||||
7.38%, 04/01/2020 | 560 | 574 | ||||||
Multiline Retail - 0.5% | ||||||||
Neiman-Marcus Group, Inc. | ||||||||
9.00%, 10/15/2015 Ώ | 3,317 | 3,474 | ||||||
Oil, Gas & Consumable Fuels - 7.9% | ||||||||
Anadarko Petroleum Corp. | ||||||||
6.38%, 09/15/2017 | 2,715 | 2,957 | ||||||
Arch Coal, Inc. | ||||||||
7.25%, 10/01/2020 | 755 | 797 | ||||||
8.75%, 08/01/2016 | 655 | 714 | ||||||
ATP Oil & Gas Corp. | ||||||||
11.88%, 05/01/2015 - 144A | 620 | 586 | ||||||
Berry Petroleum Co. | ||||||||
10.25%, 06/01/2014 | 1,695 | 1,945 | ||||||
Bill Barrett Corp. | ||||||||
9.88%, 07/15/2016 | 340 | 373 | ||||||
Calfrac Holdings, LP | ||||||||
7.50%, 12/01/2020 - 144A | 690 | 699 | ||||||
Carrizo Oil & Gas, Inc. | ||||||||
8.63%, 10/15/2018 - 144A | 2,050 | 2,112 | ||||||
Cloud Peak Energy Resources LLC | ||||||||
8.50%, 12/15/2019 | 2,735 | 2,995 | ||||||
Coffeyville Resources LLC | ||||||||
9.00%, 04/01/2015 - 144A | 1,872 | 2,003 | ||||||
Concho Resources, Inc. | ||||||||
7.00%, 01/15/2021 | 1,325 | 1,358 | ||||||
Consol Energy, Inc. | ||||||||
8.00%, 04/01/2017 - 144A | 1,335 | 1,422 | ||||||
8.25%, 04/01/2020 - 144A | 1,120 | 1,210 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 48
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Continental Resources, Inc. | ||||||||
7.13%, 04/01/2021 - 144A | $ | 545 | $ | 572 | ||||
7.38%, 10/01/2020 | 230 | 244 | ||||||
Denbury Resources, Inc. | ||||||||
8.25%, 02/15/2020 | 1,360 | 1,476 | ||||||
9.75%, 03/01/2016 | 3,875 | 4,320 | ||||||
El Paso Corp. | ||||||||
9.63%, 05/15/2012 | 726 | 774 | ||||||
EXCO Resources, Inc. | ||||||||
7.50%, 09/15/2018 | 550 | 539 | ||||||
Expro Finance Luxembourg SCA | ||||||||
8.50%, 12/15/2016 - 144A | 2,425 | 2,316 | ||||||
Forbes Energy Services LLC | ||||||||
11.00%, 02/15/2015 | 2,900 | 2,842 | ||||||
Frac Tech Services LLC | ||||||||
7.13%, 11/15/2018 - 144A | 1,105 | 1,122 | ||||||
Frontier Oil Corp. | ||||||||
6.88%, 11/15/2018 | 445 | 454 | ||||||
Harvest Operations Corp. | ||||||||
6.88%, 10/01/2017 - 144A | 655 | 675 | ||||||
Holly Corp. | ||||||||
9.88%, 06/15/2017 | 1,510 | 1,646 | ||||||
Murray Energy Corp. | ||||||||
10.25%, 10/15/2015 - 144A | 3,075 | 3,229 | ||||||
OPTI Canada, Inc. | ||||||||
8.25%, 12/15/2014 | 1,005 | 716 | ||||||
Petroleum Development Corp. | ||||||||
12.00%, 02/15/2018 | 1,170 | 1,310 | ||||||
Quicksilver Resources, Inc. | ||||||||
11.75%, 01/01/2016 | 3,590 | 4,181 | ||||||
Range Resources Corp. | ||||||||
6.75%, 08/01/2020 | 1,320 | 1,361 | ||||||
Rosetta Resources, Inc. | ||||||||
9.50%, 04/15/2018 | 825 | 891 | ||||||
SandRidge Energy, Inc. | ||||||||
8.63%, 04/01/2015 Ώ | 3,730 | 3,818 | ||||||
8.75%, 01/15/2020 | 2,240 | 2,302 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 Ə | 2,985 | ♦ | ||||||
SESI LLC | ||||||||
6.88%, 06/01/2014 | 290 | 294 | ||||||
Teekay Corp. | ||||||||
8.50%, 01/15/2020 | 1,225 | 1,334 | ||||||
Paper & Forest Products - 1.4% | ||||||||
Boise Paper Holdings LLC | ||||||||
8.00%, 04/01/2020 | 445 | 476 | ||||||
9.00%, 11/01/2017 | 1,535 | 1,677 | ||||||
Domtar Corp. | ||||||||
10.75%, 06/01/2017 | 1,540 | 1,940 | ||||||
Verso Paper Holdings LLC | ||||||||
9.13%, 08/01/2014 | 1,555 | 1,602 | ||||||
Verso Paper Holdings LLC - Series B | ||||||||
4.04%, 08/01/2014 * | 425 | 383 | ||||||
11.38%, 08/01/2016 | 3,725 | 3,734 | ||||||
Personal Products - 0.3% | ||||||||
Revlon Consumer Products Corp. | ||||||||
9.75%, 11/15/2015 | 2,150 | 2,274 | ||||||
Pharmaceuticals - 1.8% | ||||||||
ConvaTec Healthcare E SA | ||||||||
10.50%, 12/15/2018 - 144A | 2,820 | 2,859 | ||||||
Endo Pharmaceuticals Holdings, Inc. | ||||||||
7.00%, 12/15/2020 - 144A | 440 | 449 | ||||||
Quintiles Transnational Corp. | ||||||||
9.50%, 12/30/2014 - 144A Ώ | 5,125 | 5,253 | ||||||
Valeant Pharmaceuticals International, Inc. | ||||||||
6.75%, 10/01/2017 - 144A | 1,115 | 1,109 | ||||||
6.88%, 12/01/2018 - 144A | 1,725 | 1,712 | ||||||
7.00%, 10/01/2020 - 144A | 1,675 | 1,654 | ||||||
Real Estate Investment Trusts - 0.1% | ||||||||
Sabra Health Care LP | ||||||||
8.13%, 11/01/2018 - 144A | 770 | 795 | ||||||
Real Estate Management & Development - 1.0% | ||||||||
CB Richard Ellis Services, Inc. | ||||||||
6.63%, 10/15/2020 - 144A | 2,150 | 2,150 | ||||||
11.63%, 06/15/2017 | 4,465 | 5,174 | ||||||
Road & Rail - 1.4% | ||||||||
Avis Budget Car Rental LLC | ||||||||
9.63%, 03/15/2018 | 1,470 | 1,584 | ||||||
Hertz Corp. | ||||||||
7.50%, 10/15/2018 - 144A | 165 | 171 | ||||||
8.88%, 01/01/2014 | 595 | 608 | ||||||
10.50%, 01/01/2016 | 635 | 670 | ||||||
Kansas City Southern de Mexico SA de CV | ||||||||
7.38%, 06/01/2014 | 805 | 841 | ||||||
7.63%, 12/01/2013 | 2,245 | 2,324 | ||||||
RSC Equipment Rental, Inc. | ||||||||
10.00%, 07/15/2017 - 144A | 2,645 | 2,975 | ||||||
10.25%, 11/15/2019 | 1,075 | 1,199 | ||||||
Semiconductors & Semiconductor Equipment - 0.2% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
7.75%, 08/01/2020 - 144A | 570 | 591 | ||||||
8.13%, 12/15/2017 | 840 | 891 | ||||||
Software - 0.4% | ||||||||
SSI Investments II | ||||||||
11.13%, 06/01/2018 | 2,475 | 2,685 | ||||||
Specialty Retail - 5.5% | ||||||||
General Nutrition Centers, Inc. | ||||||||
5.75%, 03/15/2014 Ώ | 1,905 | 1,886 | ||||||
10.75%, 03/15/2015 | 4,520 | 4,588 | ||||||
Giraffe Acquisition Corp. | ||||||||
9.13%, 12/01/2018 - 144A | 2,200 | 2,294 | ||||||
Ltd. Brands, Inc. | ||||||||
8.50%, 06/15/2019 | 2,265 | 2,588 | ||||||
Michaels Stores, Inc. | ||||||||
0.00%, 11/01/2016 * | 3,275 | 3,242 | ||||||
Petco Animal Supplies, Inc. | ||||||||
9.25%, 12/01/2018 - 144A | 2,705 | 2,850 | ||||||
Sally Holdings LLC | ||||||||
10.50%, 11/15/2016 | 8,700 | 9,592 | ||||||
Toys “R” Us, Inc. | ||||||||
7.38%, 09/01/2016 - 144A | 1,440 | 1,512 | ||||||
7.88%, 04/15/2013 | 780 | 821 | ||||||
Toys “R” Us Property Co., I LLC | ||||||||
10.75%, 07/15/2017 | 8,415 | 9,592 | ||||||
Textiles, Apparel & Luxury Goods - 0.7% | ||||||||
Oxford Industries, Inc. | ||||||||
11.38%, 07/15/2015 | 2,110 | 2,368 | ||||||
Phillips-Van Heusen Corp. | ||||||||
7.75%, 11/15/2023 | 2,255 | 2,377 | ||||||
Trading Companies & Distributors - 0.3% | ||||||||
United Rentals North America, Inc. | ||||||||
10.88%, 06/15/2016 | 1,760 | 2,011 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 49
At December 31, 2010
(all amounts except share amounts in thousands)
Principal | Value | |||||||
Transportation Infrastructure - 0.8% | ||||||||
CHC Helicopter SA | ||||||||
9.25%, 10/15/2020 - 144A | $ | 5,485 | $ | 5,677 | ||||
Wireless Telecommunication Services - 1.8% | ||||||||
Buccaneer Merger Sub, Inc. | ||||||||
9.13%, 01/15/2019 - 144A | 1,035 | 1,069 | ||||||
Digicel, Ltd. | ||||||||
8.25%, 09/01/2017 - 144A | 2,705 | 2,773 | ||||||
12.00%, 04/01/2014 - 144A | 1,445 | 1,680 | ||||||
Nextel Communications, Inc. - Series E | ||||||||
6.88%, 10/31/2013 | 100 | 100 | ||||||
NII Capital Corp. | ||||||||
8.88%, 12/15/2019 | 2,685 | 2,893 | ||||||
10.00%, 08/15/2016 | 2,380 | 2,636 | ||||||
SBA Telecommunications, Inc. | ||||||||
8.00%, 08/15/2016 | 985 | 1,066 | ||||||
8.25%, 08/15/2019 | 660 | 721 | ||||||
Total Corporate Debt Securities (cost $590,519) | 619,289 | |||||||
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCKS - 0.3% | ||||||||
Oil, Gas & Consumable Fuels - 0.3% | ||||||||
Chesapeake Energy Corp. 4.50% | 18,815 | 1,655 | ||||||
Chesapeake Energy Corp. 5.00% | 2,304 | 213 | ||||||
Total Convertible Preferred Stocks (cost $2,091) | 1,868 | |||||||
PREFERRED STOCK - 0.1% | ||||||||
Diversified Financial Services - 0.1% | ||||||||
Citigroup Capital XIII 7.88% * | 21,818 | 587 | ||||||
Total Preferred Stocks (cost $545) | ||||||||
COMMON STOCKS - 0.6% | ||||||||
Airlines - 0.0% ∞ | ||||||||
Delta Air Lines, Inc. ‡ | 13,451 | 169 | ||||||
Construction Materials - 0.6% | ||||||||
Panolam Holdings Co. ‡ Ə § ± | 1,803 | 1,434 | ||||||
RathGibson, Inc. (Escrow Certificates) ‡ Ə § ± | 95,700 | 2,243 | ||||||
Hotels, Restaurants & Leisure - 0.0% ∞ | ||||||||
Greektown Superholdings, Inc. ‡ | 1,131 | 83 | ||||||
Shreveport Gaming Holdings, Inc. Ə | 889 | 16 | ||||||
Independent Power Producers & Energy Traders - 0.0% ∞ | ||||||||
Mirant Corp. (Escrow Certificates) ‡ Ə § ± | 550,000 | ♦ | ||||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. - Class A ‡ | 7,723 | 210 | ||||||
Total Common Stocks (cost $4,306) | 4,155 | |||||||
Investment Company - 0.0% ∞ | ||||||||
Diversified Financial Services - 0.0% ∞ | ||||||||
Adelphia Recovery Trust | 2,697,805 | 51 | ||||||
Total Investment Company (cost $2,641) | ||||||||
Right - 0.0% ∞ | ||||||||
United States - 0.0% ∞ | ||||||||
BLB Contingent Value Rights Preferred Stock § ± | 2,010 | 28 | ||||||
Total Right (cost $2,010) | ||||||||
WARRANTS - 0.0% ∞ | ||||||||
United States - 0.0% ∞ | ||||||||
American Seafoods Group LLC ‡ § ± | ||||||||
Expiration: 05/15/2018 | ||||||||
Exercise Price: $0.00 | 1,265 | 126 | ||||||
Reader’s Digest Association, Inc. ‡ Ə § ± | ||||||||
Expiration: 02/19/2014 | ||||||||
Exercise Price: $0.00 | 13,112 | $ | ♦ | |||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 8,130 | 37 | ||||||
Total Warrants (cost $♦) | 163 | |||||||
Principal | Value | |||||||
LOAN ASSIGNMENTS - 5.8% | ||||||||
Aerospace & Defense - 0.7% | ||||||||
Hawker Beechcraft Acquisition Co., | ||||||||
LLC, 1st Lien | ||||||||
2.27%, 03/26/2014 * | $ | 5,478 | 4,783 | |||||
2.29%, 03/26/2014 * | 328 | 287 | ||||||
Air Freight & Logistics - 0.3% | ||||||||
Ceva Group PLC | ||||||||
3.26%, 11/04/2013 * | 534 | 502 | ||||||
Ceva Group PLC, 1st Lien | ||||||||
3.26%, 11/04/2013 * | 959 | 902 | ||||||
Ceva Group PLC, Letter of Credit | ||||||||
3.88%, 11/04/2013 | 535 | 503 | ||||||
Building Products - 0.4% | ||||||||
Goodman Global Holdings, Inc., 1st Lien | ||||||||
5.75%, 10/28/2016 | 1,187 | 1,192 | ||||||
Panolam Industries International, Inc., 1st Lien | ||||||||
8.25%, 12/31/2013 * | 1,086 | 977 | ||||||
Panolam Industries International, Inc., 2nd Lien | ||||||||
12.00%, 06/30/2014 Ə | 886 | 810 | ||||||
Diversified Financial Services - 0.7% | ||||||||
Pinafore LLC, Tranche B | ||||||||
6.25%, 09/29/2016 * | 3,749 | 3,797 | ||||||
Veyance Technologies, Inc., 2nd Lien | ||||||||
6.01%, 07/13/2015 * | 1,440 | 1,181 | ||||||
Electric Utilities - 0.5% | ||||||||
Texas Competitive Electric Holdings | ||||||||
Co., LLC, 1st Lien, Tranche B2 | ||||||||
3.76%, 10/10/2014 * | 4,983 | 3,844 | ||||||
Hotels, Restaurants & Leisure - 1.3% | ||||||||
Burger King Corp., New Tranche B | ||||||||
6.25%, 10/19/2016 * | 2,900 | 2,940 | ||||||
Cannery Casino Resorts LLC, 2nd Lien | ||||||||
4.51%, 05/16/2014 * | 860 | 753 | ||||||
Dineequity, Inc., Tranche B | ||||||||
6.00%, 10/19/2017 * | 750 | 761 | ||||||
Dunkin Brands, Inc., Tranche B | ||||||||
5.75%, 11/23/2017 * | 790 | 799 | ||||||
Great Lakes Entertainment LLC | ||||||||
9.00%, 08/15/2012 | 960 | 927 | ||||||
Hit Entertainment, Inc., 2nd Lien | ||||||||
5.79%, 02/26/2013 * | 3,260 | 2,722 | ||||||
Household Products - 0.8% | ||||||||
Amscan Holdings, Inc., Tranche B | ||||||||
7.35%, 12/04/2017 * | 3,292 | 3,295 | ||||||
Reynolds Group Holdings, Ltd., Tranche D | ||||||||
6.50%, 05/05/2016 * | 2,190 | 2,208 | ||||||
Metals & Mining - 0.2% | ||||||||
Novelis, Inc., New Tranche B | ||||||||
5.25%, 12/28/2016 * | 1,500 | 1,518 | ||||||
Specialty Retail - 0.9% | ||||||||
General Nutrition Centers, Inc., Tranche B | ||||||||
2.54%, 09/16/2013 * | 1,900 | 1,881 | ||||||
Gymboree Corp. | ||||||||
5.50%, 11/23/2017 * | 1,840 | 1,848 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 50
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Specialty Retail (continued) | ||||||||
Petco Animal Supplies, Inc., Tranche B1 | ||||||||
6.00%, 11/24/2017 * | $ | 2,660 | $ | 2,673 | ||||
Total Loan Assignments (cost $40,134) | 41,103 | |||||||
CONVERTIBLE BONDS - 0.1% | ||||||||
Life Sciences Tools & Services - 0.1% Kendle International, Inc. | ||||||||
3.38%, 07/15/2012 | 1,050 | 977 | ||||||
Independent Power Producers & Energy Traders - 0.0% ∞ | ||||||||
Mirant Corp. (Escrow Certificates) Ə ‡ § ± | 1,220,000 | ♦ | ||||||
Total Convertible Bonds (cost $996) | 977 | |||||||
REPURCHASE AGREEMENT - 3.8% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $26,864 on 01/03/2011. Collateralized by U.S. Government Obligations, 1.00% - 3.63%, due 04/30/2012 - 08/15/2019, with a total value of $27,402. | 26,864 | 26,864 | ||||||
Total Repurchase Agreement (cost $26,864) | ||||||||
Total Investment Securities (cost $674,715) # | 695,770 | |||||||
Other Assets and Liabilities — Net | 13,313 | |||||||
Net Assets | $ | 709,083 | ||||||
∞ | Percentage rounds to less than 0.1%. | |
Џ | In default. | |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. | |
♦ | Value and/or cost is less than $1. | |
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
Ə | Securities fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. These securities had a total market value of $6,401, or 0.90% of the portfolio’s net assets. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
‡ | Non-income producing security. | |
§ | Illiquid. At 12/31/10, illiquid investment securities aggregated to $15,236, or 2.15% of the portfolio’s net assets. | |
# | Aggregate cost for federal income tax purposes is $674,877. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $49,627 and $28,734, respectively. Net unrealized appreciation for tax purposes is $20,893. | |
± | Restricted security. At 12/31/2010, the portfolio owned the following securities (representing 0.54% of net assets) which were restricted as to public resale. |
Description | Date of Acquisition | Principal | Cost | Value | Price* | |||||||||||||||
Fontainebleau Resorts | 06/01/2007 | $ | 3,827 | $ | 3,759 | $ | ♦ | $ | ¥ | |||||||||||
Description | Date of Acquisition | Shares | Cost | Value | Price* | |||||||||||||||
Panolam Holdings Co. | 12/29/2009 | 1,803 | $ | 3,080 | $ | 1,434 | $ | 0.80 | ||||||||||||
RathGibson, Inc. (Escrow Certificates) | 06/14/2010 | 95,700 | 508 | 2,243 | 0.02 | |||||||||||||||
Mirant Corp. (Escrow Certificates) | 01/20/2006 | 550,000 | ♦ | ♦ | ¥ | |||||||||||||||
BLB Contingent Value Rights | 11/22/2010 | 2,010 | 2,010 | 28 | 0.01 | |||||||||||||||
American Seafoods Group LLC | 05/07/2010 | 1,265 | ♦ | 126 | 0.09 | |||||||||||||||
Reader’s Digest Association, Inc. | 05/18/2010 | 13,112 | ♦ | ♦ | ¥ | |||||||||||||||
Mirant Corp. (Escrow Certificates) | 01/20/2006 | 1,220,000 | ♦ | ♦ | ¥ |
* | Price not rounded to thousands. ¥ Price rounds to less than $0.01. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 51
At December 31, 2010
(all amounts in thousands)
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $246,123, or 34.71%, of the portfolio’s net assets. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Securities | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 653 | $ | — | $ | 653 | ||||||||
Common Stocks | 462 | — | 3,693 | 4,155 | ||||||||||||
Convertible Bonds | — | 977 | ♦ | 977 | ||||||||||||
Convertible Preferred Stocks | 1,868 | — | — | 1,868 | ||||||||||||
Corporate Debt Securities | — | 617,423 | 1,866 | 619,289 | ||||||||||||
Investment Companies | 51 | — | — | 51 | ||||||||||||
Loan Assignments | — | 40,293 | 810 | 41,103 | ||||||||||||
Preferred Corporate Debt Securities | — | — | 32 | 32 | ||||||||||||
Preferred Stocks | 587 | — | — | 587 | ||||||||||||
Repurchase Agreement | — | 26,864 | — | 26,864 | ||||||||||||
Rights | — | 28 | — | 28 | ||||||||||||
Warrants | — | 163 | ♦ | 163 | ||||||||||||
Total | $ | 2,968 | $ | 686,401 | $ | 6,401 | $ | 695,770 |
Beginning | Net Transfers | Ending | ||||||||||||||||||||||||||
Balance at | Net | Accrued | Total Realized | Change in Unrealized | In/(Out) of | Balance at | ||||||||||||||||||||||
Securities | 12/31/2009 | Purchases/(Sales) | Discounts/(Premiums) | Gain/(Loss) | Appreciation/(Depreciation) | Level 3 | 12/31/2010 | |||||||||||||||||||||
Common Stocks | $ | 1,007 | $ | 508 | $ | — | $ | (98 | ) | $ | 2,276 | $ | — | $ | 3,693 | |||||||||||||
Corporate Debt Securities | 2,823 | (2,138 | ) | 2 | 18 | 440 | 721 | 1,866 | ||||||||||||||||||||
Convertible Bonds | ♦ | — | — | — | (♦ | ) | — | ♦ | ||||||||||||||||||||
Loan Assignments | — | 76 | 10 | — | 15 | 709 | 810 | |||||||||||||||||||||
Preferred Corporate Debt Securities | ♦ | 213 | — | — | (181 | ) | (181 | ) | 32 | |||||||||||||||||||
Warrants | — | ♦ | — | — | — | — | ♦ | |||||||||||||||||||||
Total | $ | 3,830 | $ | (1,341 | ) | $ | 12 | $ | (80 | ) | $ | 2,550 | $ | 1,430 | $ | 6,401 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 52
SCHEDULE OF INVESTMENTS
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 2.3% | ||||||||
U.S. Treasury Bond | ||||||||
1.38%, 11/30/2015 | $ | 977 | $ | 950 | ||||
2.25%, 11/30/2017 | 305 | 297 | ||||||
2.63%, 11/15/2020 | 405 | 382 | ||||||
3.88%, 08/15/2040 | 20 | 18 | ||||||
4.25%, 11/15/2040 | 205 | 202 | ||||||
4.38%, 05/15/2040 | 25 | 25 | ||||||
7.25%, 08/15/2022 | 190 | 257 | ||||||
U.S. Treasury Note | ||||||||
1.13%, 06/30/2011 γ | 85 | 85 | ||||||
1.25%, 10/31/2015 | 225 | 218 | ||||||
1.75%, 04/15/2013 | 41 | 42 | ||||||
2.50%, 04/30/2015 | 100 | 103 | ||||||
3.13%, 04/30/2017 | 40 | 41 | ||||||
3.38%, 11/15/2019 | 20 | 20 | ||||||
Total U.S. Government Obligations (cost $2,671) | 2,640 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 16.5% | ||||||||
Fannie Mae | ||||||||
Zero Coupon, 10/09/2019 | 130 | 82 | ||||||
3.32%, 12/01/2040 *Ə | 110 | 112 | ||||||
4.50%, 12/01/2040- 12/01/2040 | 2,297 | 2,360 | ||||||
5.00%, 05/25/2018- 08/01/2040 | 2,640 | 2,799 | ||||||
5.50%, 01/25/2034- 10/01/2038 | 2,880 | 3,092 | ||||||
6.00%, 03/25/2029- 04/01/2040 | 1,472 | 1,605 | ||||||
Fannie Mae, TBA | ||||||||
4.00% | 5,000 | 4,972 | ||||||
4.50% | 700 | 718 | ||||||
5.00% | 600 | 631 | ||||||
Farmer Mac Guaranteed Notes Trust 2007-1 | ||||||||
5.13%, 04/19/2017 - 144A | 350 | 381 | ||||||
Freddie Mac | ||||||||
4.50%, 12/01/2040 | 1,200 | 1,231 | ||||||
Freddie Mac, TBA | ||||||||
5.00%, | 100 | 105 | ||||||
Ginnie Mae | ||||||||
1.40%, 11/20/2059 * | 477 | 498 | ||||||
Ginnie Mae, TBA | ||||||||
4.50% | 100 | 104 | ||||||
Resolution Funding Corp., Interest STRIPS | ||||||||
07/15/2018 | 250 | 196 | ||||||
10/15/2018 | 250 | 194 | ||||||
Tennessee Valley Authority | ||||||||
5.25%, 09/15/2039 | 60 | 63 | ||||||
Total U.S. Government Agency Obligations (cost $18,886) | 19,143 | |||||||
FOREIGN GOVERNMENT OBLIGATION - 0.2% | ||||||||
Japan Finance Corp. | ||||||||
2.88%, 02/02/2015 | 250 | 256 | ||||||
Total Foreign Government Obligation (cost $249) | ||||||||
MORTGAGE-BACKED SECURITIES - 6.1% | ||||||||
Adjustable Rate Mortgage Trust | ||||||||
Series 2004-2, Class 7A2 | ||||||||
0.68%, 02/25/2035 * | 85 | 76 | ||||||
Banc of America Commercial Mortgage, Inc. | ||||||||
Series 2005-5, Class A4 | ||||||||
5.12%, 10/10/2045 * | 250 | 268 | ||||||
Bear Stearns Mortgage Funding Trust | ||||||||
Series 2006-AR5, Class 1A2 | ||||||||
0.47%, 12/25/2046 * | 1,146 | 315 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2005-56, Class 4A1 | ||||||||
0.57%, 11/25/2035 * | 635 | 399 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2005-R3, Class AF | ||||||||
0.66%, 09/25/2035 - 144A * | 477 | 407 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2006-C3, Class AM | ||||||||
5.83%, 06/15/2038 * | 40 | 41 | ||||||
Extended Stay America Trust | ||||||||
Series 2010-ESHA, Class C | ||||||||
4.86%, 11/05/2027 - 144A | 100 | 98 | ||||||
GE Capital Commercial Mortgage Corp. | ||||||||
Series 2007-C1, Class A4 | ||||||||
5.54%, 12/10/2049 | 300 | 309 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2005-AR1, Class 3A | ||||||||
3.47%, 03/18/2035 * | 474 | 421 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2006-GG7, Class AM | ||||||||
5.88%, 07/10/2038 * | 50 | 51 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2001-1285, Class C | ||||||||
6.71%, 08/15/2018 - 144A | 160 | 164 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1 | ||||||||
1.06%, 10/25/2034 * | 185 | 145 | ||||||
IndyMac INDA Mortgage Loan Trust | ||||||||
Series 2007-AR7, Class 1A1 | ||||||||
5.88%, 09/25/2037 * | 392 | 315 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1 | ||||||||
5.26%, 08/25/2037 * | 484 | 323 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2006-CB15, Class A3 | ||||||||
5.82%, 06/12/2043 | 120 | 126 | ||||||
Series 2007-CB18, Class A3 | ||||||||
5.45%, 06/12/2047 | 105 | 109 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A3, Class 1A1 | ||||||||
2.68%, 07/25/2034 * | 316 | 306 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2004-A3, Class 4A3 | ||||||||
5.02%, 05/25/2034 * | 198 | 200 | ||||||
Series 2005-A5, Class A3 | ||||||||
2.75%, 06/25/2035 * | 1,300 | 1,037 | ||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2006-C1, Class A4 | ||||||||
5.66%, 05/12/2039 * | 200 | 216 | ||||||
MLCC Mortgage Investors, Inc. | ||||||||
Series 2003-F, Class A1 | ||||||||
0.58%, 10/25/2028 * | 143 | 136 | ||||||
Morgan Stanley Capital I | ||||||||
Series 2005-HQ6, Class A4A | ||||||||
4.99%, 08/13/2042 | 190 | 201 | ||||||
Prime Mortgage Trust | ||||||||
Series 2006-DR1, Class 1A1 | ||||||||
5.50%, 05/25/2035 - 144A | 456 | 444 | ||||||
Series 2006-DR1, Class 1A2 | ||||||||
6.00%, 05/25/2035 - 144A | 200 | 198 | ||||||
Structured Asset Mortgage Investments, Inc. | ||||||||
Series 2003-AR4, Class A1 | ||||||||
0.61%, 01/19/2034 * | 260 | 217 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 53
SCHEDULE OF INVESTMENTS (continued)
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
MORTGAGE BACKED SECURITIES (continued) | ||||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2007-C33, Class A4 | ||||||||
5.90%, 02/15/2051 * | $ | 210 | $ | 218 | ||||
WaMu Mortgage Pass-Through Certificates | ||||||||
Series 2005-AR15, Class A1A2 | ||||||||
0.54%, 11/25/2045 * | 484 | 371 | ||||||
Total Mortgage-Backed Securities (cost $8,772) | 7,111 | |||||||
ASSET-BACKED SECURITIES - 2.1% | ||||||||
Accredited Mortgage Loan Trust | ||||||||
Series 2005-3, Class A1 | ||||||||
0.50%, 09/25/2035 * | 173 | 161 | ||||||
Avis Budget Rental Car Funding Aesop LLC | ||||||||
Series 2010-3A, Class A | ||||||||
4.64%, 05/20/2016 - 144A | 100 | 105 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
Series 2007-1A, Class A | ||||||||
5.98%, 04/19/2022 | 386 | 407 | ||||||
Countrywide Asset-Backed Certificates | ||||||||
Series 2005-4, Class AF3 | ||||||||
4.46%, 10/25/2035 * | 86 | 85 | ||||||
Countrywide Home Equity Loan Trust | ||||||||
Series 2005-G, Class 2A | ||||||||
0.49%, 12/15/2035 * | 260 | 140 | ||||||
CVS Pass-Through Trust | ||||||||
6.94%, 01/10/2030 | 244 | 265 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | ||||||||
Series 2007-1, Class A | ||||||||
6.82%, 08/10/2022 | 81 | 86 | ||||||
Education Funding Capital Trust I | ||||||||
Series 2003-3, Class A7 | ||||||||
2.43%, 12/15/2042 * | 150 | 123 | ||||||
GSAMP Trust | ||||||||
Series 2006-SD2, Class A1 | ||||||||
0.37%, 05/25/2046 - 144A * | 125 | 123 | ||||||
Hertz Corp. | ||||||||
Series 2009-2A, Class A2 | ||||||||
5.29%, 03/25/2016 - 144A | 120 | 130 | ||||||
Lehman XS Trust | ||||||||
Series 2005-5N, Class 1A1 | ||||||||
0.56%, 11/25/2035 * | 313 | 230 | ||||||
Series 2005-7N, Class 1A1B | ||||||||
0.56%, 12/25/2035 * | 251 | 105 | ||||||
Series 2006-GP4, Class 3A1A | ||||||||
0.33%, 08/25/2046 * | 29 | 28 | ||||||
Nelnet Student Loan Trust | ||||||||
Series 2008-4, Class A4 | ||||||||
1.77%, 04/25/2017 * | 170 | 174 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2010-2, Class B | ||||||||
2.24%, 12/15/2014 | 110 | 110 | ||||||
Series 2010-2, Class C | ||||||||
3.89%, 07/17/2017 | 130 | 133 | ||||||
UAL Pass-Through Trust | ||||||||
Series 2009-2A | ||||||||
9.75%, 01/15/2017 | 48 | 55 | ||||||
Total Asset-Backed Securities (cost $2,692) | 2,460 | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 1.1% | ||||||||
New York City Municipal Water Finance Authority | ||||||||
5.72%, 06/15/2042 | 100 | 100 | ||||||
New York State Urban Development Corp. | ||||||||
5.84%, 03/15/2040 | 100 | 102 | ||||||
North Texas Higher Education Authority | ||||||||
Series 2010-1 - Class A2 | ||||||||
1.20%, 07/01/2019 * | 100 | 99 | ||||||
State of California | ||||||||
7.55%, 04/01/2039 | 250 | 260 | ||||||
State of California - Build America Bonds | ||||||||
7.30%, 10/01/2039 | 60 | 61 | ||||||
Virginia Housing Development Authority | ||||||||
Series 2006-C - Class CTFS | ||||||||
6.00%, 06/25/2034 | 685 | 690 | ||||||
Total Municipal Government Obligations (cost $1,289) | 1,312 | |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.3% | ||||||||
Capital Markets - 0.1% | ||||||||
Credit Suisse | ||||||||
5.86%, 05/15/2017 * Ž | 90 | 85 | ||||||
Goldman Sachs Capital II | ||||||||
5.79%, 06/01/2012 * Ž | 20 | 17 | ||||||
Lehman Brothers Holdings Capital Trust VII | ||||||||
5.86%, 05/31/2012 Ž Џ § ± | 200 | ♦ | ||||||
Lehman Brothers Holdings E-Capital Trust I | ||||||||
3.59%, 08/19/2065 Џ | 120 | ♦ | ||||||
Diversified Financial Services - 0.2% | ||||||||
ILFC E-Capital Trust II | ||||||||
6.25%, 12/21/2065 - 144A * | 250 | 195 | ||||||
Total Preferred Corporate Debt Securities (cost $627) | 297 | |||||||
CORPORATE DEBT SECURITIES - 10.9% | ||||||||
Auto Components - 0.0% ∞ | ||||||||
BorgWarner, Inc. | ||||||||
4.63%, 09/15/2020 | 30 | 30 | ||||||
Automobiles - 0.4% | ||||||||
Daimler Finance North America LLC | ||||||||
5.88%, 03/15/2011 | 300 | 303 | ||||||
Motors Liquidation Co. | ||||||||
8.25%, 07/15/2023 Џ | 470 | 163 | ||||||
Beverages - 0.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
5.38%, 01/15/2020 | 120 | 130 | ||||||
Biotechnology - 0.1% | ||||||||
FMC Finance III SA | ||||||||
6.88%, 07/15/2017 | 120 | 127 | ||||||
Capital Markets - 0.7% | ||||||||
BP Capital Markets PLC | ||||||||
3.13%, 03/10/2012 | 30 | 31 | ||||||
5.25%, 11/07/2013 | 100 | 108 | ||||||
Goldman Sachs Group, Inc. | ||||||||
3.70%, 08/01/2015 | 160 | 163 | ||||||
4.75%, 07/15/2013 | 10 | 11 | ||||||
5.38%, 03/15/2020 | 50 | 52 | ||||||
6.00%, 06/15/2020 | 70 | 76 | ||||||
Lehman Brothers Holdings, Inc. | ||||||||
5.25%, 02/06/2012 Џ | 100 | 23 | ||||||
Lehman Brothers Holdings, Inc. - Series I | ||||||||
6.75%, 12/28/2017 Џ | 480 | ♦ | ||||||
Morgan Stanley | ||||||||
2.79%, 05/14/2013 * | 200 | 206 | ||||||
4.20%, 11/20/2014 | 140 | 143 | ||||||
Chemicals - 0.0% ∞ | ||||||||
Dow Chemical Co. | ||||||||
4.25%, 11/15/2020 | 20 | 19 | ||||||
Westlake Chemical Corp. | ||||||||
6.63%, 01/15/2016 | 17 | 18 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 54
SCHEDULE OF INVESTMENTS (continued)
At December 31, 2010
(all amounts in thousands)
Principal | Value | |||||||
Commercial Banks - 1.8% | ||||||||
Bank of Nova Scotia | ||||||||
1.65%, 10/29/2015 - 144A | $ | 545 | $ | 520 | ||||
DnB NOR Boligkreditt | ||||||||
2.10%, 10/14/2015 - 144A | 610 | 579 | ||||||
Eksportfinans ASA | ||||||||
2.00%, 09/15/2015 | 310 | 303 | ||||||
Glitnir Banki HF | ||||||||
6.33%, 07/28/2011 - 144A Џ | 160 | 48 | ||||||
6.69%, 06/15/2016 - 144A Ə Џ § | 380 | ♦ | ||||||
Landsbanki Islands HF | ||||||||
6.10%, 08/25/2011 - 144A Џ | 140 | 15 | ||||||
Royal Bank of Canada | ||||||||
3.13%, 04/14/2015 - 144A | 445 | 456 | ||||||
Wachovia Corp. | ||||||||
5.25%, 08/01/2014 | 100 | 107 | ||||||
Consumer Finance - 0.4% | ||||||||
SLM Corp. | ||||||||
5.00%, 10/01/2013 - 04/15/2015 | 235 | 236 | ||||||
5.05%, 11/14/2014 | 60 | 57 | ||||||
5.63%, 08/01/2033 | 45 | 35 | ||||||
8.00%, 03/25/2020 | 120 | 122 | ||||||
Containers & Packaging - 0.0% ∞ | ||||||||
Ball Corp. | ||||||||
6.75%, 09/15/2020 | 50 | 53 | ||||||
Diversified Consumer Services - 0.0% ∞ | ||||||||
Service Corp., International | ||||||||
7.50%, 04/01/2027 | 35 | 34 | ||||||
Diversified Financial Services - 1.7% | ||||||||
Ally Financial, Inc. | ||||||||
1.75%, 10/30/2012 | 150 | 153 | ||||||
ASIF Global Financing XIX | ||||||||
4.90%, 01/17/2013 - 144A | 40 | 41 | ||||||
Bank of America Corp. | ||||||||
5.63%, 07/01/2020 | 75 | 76 | ||||||
BNP Paribas Home Loan Covered Bonds SA | ||||||||
2.20%, 11/02/2015 - 144A | 355 | 340 | ||||||
Citigroup, Inc. | ||||||||
4.75%, 05/19/2015 | 35 | 37 | ||||||
5.38%, 08/09/2020 | 155 | 161 | ||||||
General Electric Capital Corp. | ||||||||
5.50%, 01/08/2020 | 115 | 123 | ||||||
JPMorgan Chase & Co. | ||||||||
2.60%, 01/15/2016 | 80 | 78 | ||||||
5.13%, 09/15/2014 | 200 | 213 | ||||||
5.15%, 10/01/2015 | 40 | 42 | ||||||
6.13%, 06/27/2017 | 220 | 241 | ||||||
Kaupthing Bank Hf | ||||||||
7.13%, 05/19/2016 - 144A Ə Џ | 130 | ♦ | ||||||
Kaupthing Bank Hf - Series 1 | ||||||||
7.63%, 02/28/2015 - 144A Џ | 710 | 190 | ||||||
Reynolds Group Issuer, Inc. | ||||||||
7.75%, 10/15/2016 - 144A | 100 | 106 | ||||||
Rio Tinto Finance USA, Ltd. | ||||||||
6.50%, 07/15/2018 | 150 | 175 | ||||||
Diversified Telecommunication Services - 0.8% | ||||||||
AT&T, Inc. | ||||||||
6.55%, 02/15/2039 | 20 | 22 | ||||||
Deutsche Telekom International Finance BV | ||||||||
5.75%, 03/23/2016 | 80 | 90 | ||||||
Intelsat Jackson Holdings SA | ||||||||
8.50%, 11/01/2019 - 144A | 50 | 54 | ||||||
Sprint Capital Corp. | ||||||||
8.75%, 03/15/2032 | 60 | 61 | ||||||
Telecom Italia Capital SA | ||||||||
5.25%, 10/01/2015 | 130 | 133 | ||||||
Telefonica Emisiones SAU | ||||||||
5.13%, 04/27/2020 | 90 | 87 | ||||||
Verizon Communications, Inc. | ||||||||
8.95%, 03/01/2039 | 10 | 14 | ||||||
Verizon New York, Inc. - Series A | ||||||||
6.88%, 04/01/2012 | 300 | 319 | ||||||
Windstream Corp. | ||||||||
8.63%, 08/01/2016 | 140 | 147 | ||||||
Electric Utilities - 0.5% | ||||||||
Energy Future Intermediate Holding Co., LLC | ||||||||
10.00%, 12/01/2020 | 211 | 218 | ||||||
FirstEnergy Corp. - Series B | ||||||||
6.45%, 11/15/2011 | 7 | 7 | ||||||
FirstEnergy Corp. - Series C | ||||||||
7.38%, 11/15/2031 | 175 | 184 | ||||||
Pacific Gas & Electric Co. | ||||||||
5.80%, 03/01/2037 | 60 | 64 | ||||||
6.05%, 03/01/2034 | 20 | 22 | ||||||
8.25%, 10/15/2018 | 40 | 52 | ||||||
Energy Equipment & Services - 0.3% | ||||||||
Cie Generale de Geophysique-Veritas | ||||||||
7.50%, 05/15/2015 | 80 | 81 | ||||||
7.75%, 05/15/2017 | 40 | 41 | ||||||
Complete Production Services, Inc. | ||||||||
8.00%, 12/15/2016 | 105 | 109 | ||||||
Enterprise Products Operating LLC | ||||||||
9.75%, 01/31/2014 | 110 | 133 | ||||||
Food Products - 0.1% | ||||||||
Kraft Foods, Inc. | ||||||||
5.38%, 02/10/2020 | 110 | 118 | ||||||
Health Care Providers & Services - 0.2% | ||||||||
HCA, Inc. | ||||||||
6.30%, 10/01/2012 | 6 | 6 | ||||||
9.13%, 11/15/2014 | 20 | 21 | ||||||
Humana, Inc. | ||||||||
7.20%, 06/15/2018 | 50 | 57 | ||||||
Tenet Healthcare Corp. | ||||||||
9.00%, 05/01/2015 | 45 | 50 | ||||||
10.00%, 05/01/2018 | 45 | 52 | ||||||
WellPoint, Inc. | ||||||||
5.88%, 06/15/2017 | 20 | 22 | ||||||
Hotels, Restaurants & Leisure - 0.1% | ||||||||
Boyd Gaming Corp. | ||||||||
6.75%, 04/15/2014 | 25 | 25 | ||||||
7.13%, 02/01/2016 | 80 | 71 | ||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
12.00%, 11/15/2010 Џ | 30 | 16 | ||||||
MGM Resorts International | ||||||||
6.63%, 07/15/2015 | 5 | 5 | ||||||
7.63%, 01/15/2017 | 10 | 9 | ||||||
13.00%, 11/15/2013 | 9 | 11 | ||||||
Mohegan Tribal Gaming Authority | ||||||||
6.13%, 02/15/2013 | 15 | 12 | ||||||
Station Casinos, Inc. | ||||||||
6.88%, 03/01/2016 Џ | 10 | ♦ | ||||||
7.75%, 08/15/2016 Џ | 90 | ♦ | ||||||
Independent Power Producers & Energy Traders - 0.1% | ||||||||
AES Corp. | ||||||||
7.75%, 10/15/2015 | 80 | 86 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 55
SCHEDULE OF INVESTMENTS (continued)
At December 31, 2010
(all amounts except share amounts in thousands)
Principal | Value | |||||||
Independent Power Producers & Energy Traders (continued) | ||||||||
Edison Mission Energy | ||||||||
7.00%, 05/15/2017 | $ | 70 | $ | 55 | ||||
NRG Energy, Inc. | ||||||||
7.38%, 02/01/2016 | 10 | 10 | ||||||
Insurance - 0.7% | ||||||||
American International Group, Inc. | ||||||||
5.85%, 01/16/2018 | 40 | 41 | ||||||
Berkshire Hathaway, Inc. | ||||||||
3.20%, 02/11/2015 | 100 | 103 | ||||||
Lincoln National Corp. | ||||||||
7.00%, 06/15/2040 | 50 | 54 | ||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 01/11/2013 - 144A | 300 | 307 | ||||||
5.13%, 06/10/2014 - 144A | 100 | 109 | ||||||
Prudential Financial, Inc. | ||||||||
4.75%, 09/17/2015 | 140 | 148 | ||||||
Teachers Insurance & Annuity Association of America | ||||||||
6.85%, 12/16/2039 - 144A | 80 | 94 | ||||||
Life Sciences Tools & Services - 0.0% ∞ | ||||||||
Life Technologies Corp. | ||||||||
5.00%, 01/15/2021 | 15 | 15 | ||||||
Media - 0.7% | ||||||||
CBS Corp. | ||||||||
8.88%, 05/15/2019 | 5 | 6 | ||||||
Cengage Learning Acquisitions, Inc. | ||||||||
10.50%, 01/15/2015 - 144A | 10 | 10 | ||||||
Comcast Corp. | ||||||||
6.40%, 03/01/2040 | 109 | 116 | ||||||
CSC Holdings LLC | ||||||||
8.63%, 02/15/2019 | 5 | 6 | ||||||
DISH DBS Corp. | ||||||||
7.00%, 10/01/2013 | 30 | 32 | ||||||
NBC Universal, Inc. | ||||||||
4.38%, 04/01/2021 - 144A | 72 | 70 | ||||||
5.15%, 04/30/2020 - 144A | 70 | 73 | ||||||
News America, Inc. | ||||||||
6.65%, 11/15/2037 | 10 | 11 | ||||||
Reed Elsevier Capital, Inc. | ||||||||
8.63%, 01/15/2019 | 80 | 102 | ||||||
Sun Media Corp. | ||||||||
7.63%, 02/15/2013 | 30 | 30 | ||||||
Time Warner Cable, Inc. | ||||||||
5.88%, 11/15/2040 | 55 | 54 | ||||||
Time Warner Entertainment Co., LP | ||||||||
8.38%, 07/15/2033 | 80 | 101 | ||||||
Time Warner, Inc. | ||||||||
4.70%, 01/15/2021 | 30 | 31 | ||||||
6.10%, 07/15/2040 | 20 | 21 | ||||||
Metals & Mining - 0.3% | ||||||||
Alcoa, Inc. | ||||||||
6.00%, 07/15/2013 | 10 | 11 | ||||||
Cliffs Natural Resources, Inc. | ||||||||
4.80%, 10/01/2020 | 30 | 29 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | ||||||||
8.38%, 04/01/2017 | 190 | 210 | ||||||
Steel Dynamics, Inc. | ||||||||
6.75%, 04/01/2015 | 65 | 66 | ||||||
Multiline Retail - 0.0% ∞ | ||||||||
JC Penney Corp., Inc. | ||||||||
7.40%, 04/01/2037 | 20 | 19 | ||||||
Multi-Utilities - 0.1% | ||||||||
Dominion Resources, Inc. - Series D | ||||||||
8.88%, 01/15/2019 | 80 | 104 | ||||||
Oil, Gas & Consumable Fuels - 1.5% | ||||||||
Chesapeake Energy Corp. | ||||||||
6.50%, 08/15/2017 | 25 | 25 | ||||||
7.25%, 12/15/2018 | 5 | 5 | ||||||
ConocoPhillips | ||||||||
6.50%, 02/01/2039 | 80 | 95 | ||||||
ConocoPhillips Holding Co. | ||||||||
6.95%, 04/15/2029 | 40 | 49 | ||||||
Consol Energy, Inc. | ||||||||
8.25%, 04/01/2020 - 144A | 40 | 43 | ||||||
El Paso Corp. | ||||||||
7.80%, 08/01/2031 | 86 | 86 | ||||||
El Paso Natural Gas Co. | ||||||||
8.38%, 06/15/2032 | 70 | 82 | ||||||
Hess Corp. | ||||||||
7.30%, 08/15/2031 | 20 | 24 | ||||||
7.88%, 10/01/2029 | 20 | 25 | ||||||
8.13%, 02/15/2019 | 90 | 114 | ||||||
Kinder Morgan Energy Partners, LP | ||||||||
5.85%, 09/15/2012 | 50 | 54 | ||||||
6.75%, 03/15/2011 | 190 | 192 | ||||||
Occidental Petroleum Corp. | ||||||||
7.00%, 11/01/2013 | 150 | 173 | ||||||
OPTI Canada, Inc. | ||||||||
7.88%, 12/15/2014 | 10 | 7 | ||||||
Pemex Project Funding Master Trust | ||||||||
6.63%, 06/15/2035 | 147 | 150 | ||||||
Petrobras International Finance Co. | ||||||||
5.75%, 01/20/2020 | 250 | 260 | ||||||
6.13%, 10/06/2016 | 50 | 55 | ||||||
SandRidge Energy, Inc. | ||||||||
8.75%, 01/15/2020 | 60 | 62 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 Ə | 25 | ♦ | ||||||
Shell International Finance BV | ||||||||
4.38%, 03/25/2020 | 10 | 10 | ||||||
6.38%, 12/15/2038 | 80 | 95 | ||||||
Williams Cos., Inc. | ||||||||
8.75%, 03/15/2032 | 15 | 18 | ||||||
Williams Cos., Inc. - Series A | ||||||||
7.50%, 01/15/2031 | 71 | 80 | ||||||
Pharmaceuticals - 0.1% | ||||||||
Wyeth | ||||||||
5.95%, 04/01/2037 | 110 | 122 | ||||||
Real Estate Management & Development - 0.2% | ||||||||
Realogy Corp. | ||||||||
10.50%, 04/15/2014 | 230 | 226 | ||||||
Semiconductors & Semiconductor Equipment - 0.0% ∞ | ||||||||
MagnaChip Semiconductor S.A. | ||||||||
1.00%, 12/15/2049 Ə | 1 | ♦ | ||||||
National Semiconductor Corp. | ||||||||
6.60%, 06/15/2017 | 10 | 11 | ||||||
Wireless Telecommunication Services - 0.0% ∞ | ||||||||
America Movil SAB de CV | ||||||||
5.63%, 11/15/2017 | 50 | 55 | ||||||
Total Corporate Debt Securities (cost $14,449) | 12,699 | |||||||
Shares | Value | |||||||
COMMON STOCKS - 61.9% | ||||||||
Aerospace & Defense - 1.9% | ||||||||
Honeywell International, Inc. | 16,395 | 872 | ||||||
Northrop Grumman Corp. | 2,200 | 143 | ||||||
United Technologies Corp. | 14,497 | 1,140 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 56
SCHEDULE OF INVESTMENTS (continued)
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Air Freight & Logistics - 0.2% | ||||||||
FedEx Corp. | 1,940 | $ | 180 | |||||
Airlines - 0.0% ∞ | ||||||||
Southwest Airlines Co. | 1,260 | 16 | ||||||
Auto Components - 0.4% | ||||||||
Johnson Controls, Inc. | 12,236 | 467 | ||||||
Automobiles - 0.5% | ||||||||
Ford Motor Co. ‡ | 14,320 | 240 | ||||||
General Motors Co. ‡ | 7,900 | 292 | ||||||
Beverages - 1.6% | ||||||||
Coca-Cola Co. | 14,981 | 986 | ||||||
PepsiCo, Inc. | 13,331 | 871 | ||||||
Biotechnology - 1.1% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ | 1,000 | 81 | ||||||
Biogen Idec, Inc. ‡ | 5,444 | 365 | ||||||
Celgene Corp. ‡ | 11,640 | 688 | ||||||
Gilead Sciences, Inc. ‡ | 5,170 | 187 | ||||||
Capital Markets - 1.5% | ||||||||
Goldman Sachs Group, Inc. | 4,960 | 834 | ||||||
Legg Mason, Inc. | 5,890 | 214 | ||||||
Morgan Stanley | 5,980 | 163 | ||||||
State Street Corp. | 8,810 | 408 | ||||||
TD Ameritrade Holding Corp. | 7,600 | 144 | ||||||
Chemicals - 1.5% | ||||||||
CF Industries Holdings, Inc. | 590 | 80 | ||||||
Dow Chemical Co. | 18,518 | 632 | ||||||
E.I. du Pont de Nemours & Co. | 13,435 | 670 | ||||||
Georgia Gulf Corp. ‡ | 3,520 | 85 | ||||||
PPG Industries, Inc. | 3,090 | 260 | ||||||
Commercial Banks - 2.0% | ||||||||
BB&T Corp. | 4,459 | 117 | ||||||
Comerica, Inc. | 3,760 | 159 | ||||||
First Horizon National Corp. | 3,635 | 43 | ||||||
Huntington Bancshares, Inc. | 41,610 | 286 | ||||||
M&T Bank Corp. | 590 | 51 | ||||||
Regions Financial Corp. | 16,810 | 118 | ||||||
SunTrust Banks, Inc. | 2,200 | 65 | ||||||
U.S. Bancorp | 1,376 | 37 | ||||||
Wells Fargo & Co. | 42,212 | 1,308 | ||||||
Zions Bancorporation | 5,640 | 137 | ||||||
Commercial Services & Supplies - 0.1% | ||||||||
Avery Dennison Corp. | 1,880 | 80 | ||||||
Communications Equipment - 1.0% | ||||||||
Cisco Systems, Inc. ‡ | 25,963 | 525 | ||||||
Juniper Networks, Inc. ‡ | 5,200 | 192 | ||||||
QUALCOMM, Inc. | 9,185 | 455 | ||||||
Computers & Peripherals - 3.5% | ||||||||
Apple, Inc. ‡ | 7,866 | 2,537 | ||||||
EMC Corp. ‡ | 30,368 | 695 | ||||||
Hewlett-Packard Co. | 13,183 | 555 | ||||||
SanDisk Corp. ‡ | 6,400 | 319 | ||||||
Construction Materials - 0.0% ∞ | ||||||||
Martin Marietta Materials, Inc. | 500 | 46 | ||||||
Consumer Finance - 0.7% | ||||||||
American Express Co. | 9,800 | 421 | ||||||
Capital One Financial Corp. | 10,499 | 446 | ||||||
Containers & Packaging - 0.0% ∞ | ||||||||
Sealed Air Corp. | 1,500 | 38 | ||||||
Diversified Consumer Services - 0.0% ∞ | ||||||||
Apollo Group, Inc. — Class A ‡ | 800 | 32 | ||||||
Diversified Financial Services - 2.5% | ||||||||
Bank of America Corp. | 84,458 | 1,127 | ||||||
Citigroup, Inc. ‡ | 279,694 | 1,323 | ||||||
CME Group, Inc. - Class A | 100 | 32 | ||||||
Invesco, Ltd. | 17,300 | 416 | ||||||
Diversified Telecommunication Services - 1.9% | ||||||||
AT&T, Inc. | 29,897 | 878 | ||||||
CenturyLink, Inc. | 3,240 | 150 | ||||||
Frontier Communications Corp. | 12,987 | 126 | ||||||
Verizon Communications, Inc. | 28,376 | 1,016 | ||||||
Electric Utilities - 0.9% | ||||||||
American Electric Power Co., Inc. | 7,040 | 253 | ||||||
Edison International | 5,450 | 210 | ||||||
Nextera Energy, Inc. | 8,220 | 428 | ||||||
Southern Co. | 5,550 | 212 | ||||||
Electronic Equipment & Instruments - 0.1% | ||||||||
Corning, Inc. | 5,860 | 113 | ||||||
Energy Equipment & Services - 1.4% | ||||||||
Baker Hughes, Inc. | 6,910 | 395 | ||||||
Cameron International Corp. ‡ | 3,600 | 183 | ||||||
FMC Technologies, Inc. ‡ | 490 | 44 | ||||||
Halliburton Co. | 5,840 | 238 | ||||||
Helmerich & Payne, Inc. | 1,710 | 83 | ||||||
Rowan Cos., Inc. ‡ | 5,760 | 201 | ||||||
Schlumberger, Ltd. | 5,314 | 443 | ||||||
Food & Staples Retailing - 1.4% | ||||||||
CVS Caremark Corp. | 13,197 | 459 | ||||||
Kroger Co. | 11,130 | 249 | ||||||
Sysco Corp. | 3,090 | 91 | ||||||
Walgreen Co. | 5,397 | 210 | ||||||
Wal-Mart Stores, Inc. | 12,300 | 663 | ||||||
Food Products - 1.1% | ||||||||
Archer-Daniels-Midland Co. | 3,464 | 104 | ||||||
Campbell Soup Co. | 5,200 | 181 | ||||||
ConAgra Foods, Inc. | 5,220 | 118 | ||||||
General Mills, Inc. | 22,110 | 786 | ||||||
Kellogg Co. | 1,700 | 87 | ||||||
Gas Utilities - 0.3% | ||||||||
National Fuel Gas Co. | 3,070 | 201 | ||||||
Oneok, Inc. | 2,770 | 154 | ||||||
Health Care Equipment & Supplies - 0.8% | ||||||||
Baxter International, Inc. | 3,810 | 193 | ||||||
Covidien PLC | 9,030 | 412 | ||||||
CR Bard, Inc. | 2,970 | 273 | ||||||
Medtronic, Inc. | 77 | 3 | ||||||
Health Care Providers & Services - 1.1% | ||||||||
DaVita, Inc. ‡ | 3,100 | 215 | ||||||
Humana, Inc. ‡ | 3,760 | 206 | ||||||
McKesson Corp. | 4,240 | 298 | ||||||
UnitedHealth Group, Inc. | 11,253 | 407 | ||||||
WellPoint, Inc. ‡ | 3,449 | 196 | ||||||
Hotels, Restaurants & Leisure - 0.8% | ||||||||
Carnival Corp. | 4,475 | 206 | ||||||
Darden Restaurants, Inc. | 8,700 | 405 | ||||||
McDonald’s Corp. | 4,420 | 339 | ||||||
Household Durables - 0.4% | ||||||||
Lennar Corp. - Class A | 5,880 | 110 | ||||||
NVR, Inc. ‡ | 290 | 201 | ||||||
Pulte Group, Inc. ‡ | 7,830 | 59 | ||||||
Whirlpool Corp. | 890 | 79 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 57
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Household Products - 2.3% | ||||||||
Colgate-Palmolive Co. | 9,090 | $ | 731 | |||||
Kimberly-Clark Corp. | 5,610 | 354 | ||||||
Procter & Gamble Co. | 25,170 | 1,619 | ||||||
Independent Power Producers & Energy Traders - 0.1% | ||||||||
AES Corp. ‡ | 7,850 | 96 | ||||||
Industrial Conglomerates - 2.3% | ||||||||
3M Co. | 9,930 | 857 | ||||||
General Electric Co. | 67,466 | 1,234 | ||||||
Textron, Inc. | 3,300 | 78 | ||||||
Tyco International, Ltd. | 14,950 | 620 | ||||||
Insurance - 2.1% | ||||||||
ACE, Ltd. | 7,380 | 459 | ||||||
Aflac, Inc. | 4,598 | 259 | ||||||
Berkshire Hathaway, Inc. - Class B ‡ | 7,066 | 566 | ||||||
Everest RE Group, Ltd. | 400 | 34 | ||||||
MetLife, Inc. | 12,803 | 570 | ||||||
PartnerRe, Ltd. | 500 | 40 | ||||||
Prudential Financial, Inc. | 6,193 | 364 | ||||||
RenaissanceRe Holdings, Ltd. | 1,100 | 70 | ||||||
XL Group PLC - Class A | 6,250 | 136 | ||||||
Internet & Catalog Retail - 0.8% | ||||||||
Amazon.com, Inc. ‡ | 4,513 | 813 | ||||||
Expedia, Inc. | 5,870 | 147 | ||||||
Internet Software & Services - 0.8% | ||||||||
eBay, Inc. ‡ | 4,800 | 134 | ||||||
Google, Inc. - Class A ‡ | 1,081 | 642 | ||||||
Yahoo!, Inc. ‡ | 5,920 | 98 | ||||||
IT Services - 1.4% | ||||||||
Cognizant Technology Solutions Corp. - Class A ‡ | 8,490 | 622 | ||||||
International Business Machines Corp. | 6,522 | 957 | ||||||
Western Union Co. | 3,800 | 71 | ||||||
Leisure Equipment & Products - 0.0% ∞ | ||||||||
Mattel, Inc. | 2,200 | 56 | ||||||
Life Sciences Tools & Services - 0.2% | ||||||||
Thermo Fisher Scientific, Inc. ‡ | 3,770 | 209 | ||||||
Machinery - 0.7% | ||||||||
Cummins, Inc. | 1,380 | 152 | ||||||
Deere & Co. | 1,260 | 105 | ||||||
PACCAR, Inc. | 6,541 | 375 | ||||||
Parker Hannifin Corp. | 2,170 | 187 | ||||||
Media - 1.9% | ||||||||
CBS Corp. - Class B | 17,270 | 329 | ||||||
Comcast Corp. - Class A | 7,214 | 158 | ||||||
DIRECTV - Class A ‡ | 5,765 | 230 | ||||||
Gannett Co., Inc. | 11,800 | 178 | ||||||
Time Warner, Inc. | 18,937 | 610 | ||||||
Walt Disney Co. | 15,923 | 597 | ||||||
Metals & Mining - 0.8% | ||||||||
Alcoa, Inc. | 15,730 | 242 | ||||||
Cliffs Natural Resources, Inc. | 1,130 | 88 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 5,028 | 604 | ||||||
Multiline Retail - 0.8% | ||||||||
Kohl’s Corp. ‡ | 4,420 | 240 | ||||||
Macy’s, Inc. | 10,840 | 274 | ||||||
Target Corp. | 7,380 | 444 | ||||||
Multi-Utilities - 0.9% | ||||||||
Ameren Corp. | 3,060 | 86 | ||||||
NiSource, Inc. | 3,570 | 63 | ||||||
PG&E Corp. | 5,650 | 271 | ||||||
Public Service Enterprise Group, Inc. | 6,340 | 202 | ||||||
Sempra Energy | 2,900 | 152 | ||||||
Xcel Energy, Inc. | 10,290 | 242 | ||||||
Oil, Gas & Consumable Fuels - 5.9% | ||||||||
Anadarko Petroleum Corp. | 3,060 | 233 | ||||||
Apache Corp. | 5,998 | 715 | ||||||
Chevron Corp. | 21,025 | 1,918 | ||||||
ConocoPhillips | 3,313 | 226 | ||||||
Consol Energy, Inc. | 1,380 | 67 | ||||||
Devon Energy Corp. | 4,850 | 381 | ||||||
EOG Resources, Inc. | 2,300 | 210 | ||||||
Exxon Mobil Corp. | 22,060 | 1,613 | ||||||
Murphy Oil Corp. | 1,000 | 75 | ||||||
Noble Energy, Inc. | 2,890 | 249 | ||||||
Occidental Petroleum Corp. | 9,625 | 944 | ||||||
Peabody Energy Corp. | 3,780 | 242 | ||||||
SemGroup Corp. - Class A ‡ | 64 | 2 | ||||||
Pharmaceuticals - 3.4% | ||||||||
Abbott Laboratories | 24,582 | 1,178 | ||||||
Bristol-Myers Squibb Co. | 6,840 | 181 | ||||||
Johnson & Johnson | 10,648 | 659 | ||||||
Merck & Co., Inc. | 36,112 | 1,301 | ||||||
Mylan, Inc. ‡ | 9,180 | 194 | ||||||
Pfizer, Inc. | 25,596 | 448 | ||||||
Real Estate Investment Trusts - 0.9% | ||||||||
BRE Properties, Inc. | 90 | 4 | ||||||
Digital Realty Trust, Inc. | 4,340 | 225 | ||||||
HCP, Inc. | 800 | 29 | ||||||
Hospitality Properties Trust | 2,900 | 67 | ||||||
Host Hotels & Resorts, Inc. | 8,400 | 150 | ||||||
Lasalle Hotel Properties | 2,800 | 74 | ||||||
Omega Healthcare Investors, Inc. | 3,620 | 81 | ||||||
Pennsylvania Real Estate Investment Trust | 11,910 | 173 | ||||||
Plum Creek Timber Co., Inc. | 920 | 34 | ||||||
ProLogis | 3,350 | 48 | ||||||
Simon Property Group, Inc. | 600 | 60 | ||||||
Strategic Hotels & Resorts, Inc. ‡ | 7,200 | 38 | ||||||
Vornado Realty Trust | 490 | 41 | ||||||
Road & Rail - 1.6% | ||||||||
CSX Corp. | 11,900 | 769 | ||||||
Norfolk Southern Corp. | 10,850 | 682 | ||||||
Union Pacific Corp. | 4,430 | 410 | ||||||
Semiconductors & Semiconductor Equipment - 1.4% | ||||||||
Applied Materials, Inc. | 7,150 | 100 | ||||||
Broadcom Corp. - Class A | 9,200 | 401 | ||||||
Intel Corp. | 7,193 | 151 | ||||||
Intersil Corp. - Class A | 8,220 | 126 | ||||||
Marvell Technology Group, Ltd. ‡ | 4,280 | 79 | ||||||
Micron Technology, Inc. ‡ | 9,000 | 72 | ||||||
Novellus Systems, Inc. ‡ | 3,300 | 107 | ||||||
NVIDIA Corp. ‡ | 15,500 | 239 | ||||||
Xilinx, Inc. | 13,120 | 380 | ||||||
Software - 2.8% | ||||||||
Adobe Systems, Inc. ‡ | 10,456 | 322 | ||||||
Citrix Systems, Inc. ‡ | 2,100 | 144 | ||||||
Microsoft Corp. | 68,516 | 1,912 | ||||||
Oracle Corp. | 26,763 | 838 | ||||||
Specialty Retail - 1.3% | ||||||||
AutoZone, Inc. ‡ | 1,200 | 326 | ||||||
GameStop Corp. - Class A ‡ | 11,530 | 264 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 58
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Specialty Retail (continued) | ||||||||
Lowe’s Cos., Inc. | 12,760 | $ | 320 | |||||
RadioShack Corp. | 570 | 11 | ||||||
Staples, Inc. | 11,930 | 272 | ||||||
TJX Cos., Inc. | 7,350 | 326 | ||||||
Textiles, Apparel & Luxury Goods - 0.3% | ||||||||
Nike, Inc. - Class B | 3,470 | 296 | ||||||
Tobacco - 0.2% | ||||||||
Altria Group, Inc. | 8,300 | 204 | ||||||
Water Utilities - 0.0% ∞ | ||||||||
American Water Works Co., Inc. | 250 | 6 | ||||||
Wireless Telecommunication Services - 0.3% | ||||||||
American Tower Corp. - Class A ‡ | 400 | 21 | ||||||
Sprint Nextel Corp. ‡ | 72,966 | 308 | ||||||
Total Common Stocks (cost $64,839) | 72,067 | |||||||
PREFERRED STOCKS - 0.0% ∞ | ||||||||
U.S. Government Agency Obligation - 0.0% ∞ | ||||||||
Fannie Mae 0.00% * | 600 | ♦ | ||||||
Fannie Mae 8.25% * | 10,800 | 6 | ||||||
Freddie Mac 8.38% * | 14,925 | 10 | ||||||
Total Preferred Stocks (cost $675) | 16 | |||||||
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 2.9% | ||||||||
U.S. Treasury Bill 0.14%, 04/14/2011 | $ | 3,360 | 3,359 | |||||
Total Short-Term U.S. Government Obligation (cost $3,359) |
Shares | Value | |||||||
WARRANT - 0.0% ∞ | ||||||||
United States - 0.0% ∞ | ||||||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 68 | ♦ | ||||||
Total Warrant (cost $ ♦) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.0% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $1,166 on 01/03/2011. Collateralized by U.S. Government Obligations, 1.00% - 3.13%, due 04/30/2012 - 04/30/2017, with a total value of $1,196. | $ | 1,166 | $ | 1,166 | ||||
Total Repurchase Agreement (cost $1,166) | ||||||||
Total Investment Securities (cost $119,674) # | 122,526 | |||||||
Other Assets and Liabilities - Net | (6,189 | ) | ||||||
Net Assets | $ | 116,337 | ||||||
Principal | Value | |||||||
SECURITIES SOLD SHORT - (3.4%) | ||||||||
Fannie Mae, TBA | ||||||||
4.50% | $ | (1,800 | ) | $ | (1,843 | ) | ||
5.50% | (400 | ) | (427 | ) | ||||
6.00% | (400 | ) | (434 | ) | ||||
Freddie Mac, TBA | ||||||||
4.50% | (1,200 | ) | (1,226 | ) | ||||
Total Securities Sold Short (proceeds $3,948) | (3,930 | ) | ||||||
Notional | ||||||||
Amount | Value | |||||||
WRITTEN OPTIONS - 0.0% ∞ | ||||||||
Call Options - 0.0% ∞ | ||||||||
10-Year U.S. Treasury Note Future | $ | (5 | ) | (2 | ) | |||
Call Strike $124.00 | ||||||||
Expires 02/18/2011 | ||||||||
5-Year U.S. Treasury Note Future | (1 | ) | ♦ | |||||
Call Strike $119.50 | ||||||||
Expires 02/18/2011 | ||||||||
Put Options - 0.0% ∞ | ||||||||
10-Year U.S. Treasury Note Future | (5 | ) | (19 | ) | ||||
Put Strike $124.00 | ||||||||
Expires 02/18/2011 | ||||||||
5-Year U.S. Treasury Note Future | (1 | ) | (2 | ) | ||||
Put Strike $119.50 | ||||||||
Expires 02/18/2011 | ||||||||
Total Written Options (Premiums: $20) | (23 | ) | ||||||
Net Unrealized | ||||||||||||||||
Appreciation | ||||||||||||||||
Description | Type | Contracts | Expiration Date | (Depreciation) | ||||||||||||
10-Year U.S. Treasury Note | Short | (15 | ) | 03/22/2011 | $ | (10 | ) | |||||||||
2-Year U.S. Treasury Note | Short | (6 | ) | 03/31/2011 | (3 | ) | ||||||||||
30-Year U.S. Treasury Bond | Long | 23 | 03/22/2011 | (69 | ) | |||||||||||
90-Day Euro | Long | 18 | 12/19/2011 | 13 | ||||||||||||
S&P 500 E-Mini Index | Long | 3 | 03/18/2011 | 4 | ||||||||||||
Ultra Long U.S. Treasury Bond | Long | 1 | 03/22/2011 | (4 | ) | |||||||||||
$ | (69 | ) | ||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 59
At December 31, 2010
(all amounts in thousands)
* | Floating or variable rate note. Rate is listed as of 12/31/2010. | |
Ə | Securities fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. These securities had a total market value of $112, or 0.10% of the portfolio’s net assets. | |
Ž | The security has a perpetual maturity. The date shown is the next call date. | |
Џ | In default. | |
♦ | Value is less than $1. | |
∞ | Percentage rounds to less than 0.1%. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
§ | Illiquid. At 12/31/2010, illiquid investment securities aggregated to less than $1, or less than 0.01% of the portfolio’s net assets. | |
# | Aggregate cost for federal income tax purposes is $122,015. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $6,610 and $6,099, respectively. Net unrealized appreciation for tax purposes is $511. | |
γ | A portion of this security in the amount of $85 and cash in the amount of $181 have been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
Г | Contract amounts are not in thousands. | |
± | Restricted security. At 12/31/2010, the portfolio owned the following securities (representing less than 0.01% of net assets) which were restricted as to public resale. |
Description | Date of Acquisition | Principal | Cost | Value | Price* | |||||||||||||||
Lehman Brothers Holdings Capital Trust VII | 07/13/2007 | $ | 200 | $ | 195 | $ | ♦ | $ | ¥ |
* | Price not rounded to thousands. | |
¥ | Price rounds to less than $0.01 |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $5,300, or 4.56%, of the portfolio’s net assets. | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Securities | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 2,460 | $ | — | $ | 2,460 | ||||||||
Common Stocks | 70,440 | 1,627 | — | 72,067 | ||||||||||||
Corporate Debt Securities | — | 12,699 | ♦ | 12,699 | ||||||||||||
Foreign Government Obligations | — | 256 | — | 256 | ||||||||||||
Mortgage-Backed Securities | — | 7,111 | — | 7,111 | ||||||||||||
Municipal Government Obligations | — | 1,312 | — | 1,312 | ||||||||||||
Preferred Corporate Debt Securities | — | 297 | — | 297 | ||||||||||||
Preferred Stocks | 16 | — | — | 16 | ||||||||||||
Repurchase Agreement | — | 1,166 | — | 1,166 | ||||||||||||
Short-Term U.S. Government Obligations | — | 3,359 | — | 3,359 | ||||||||||||
U.S. Government Agency Obligations | — | 19,143 | — | 19,143 | ||||||||||||
U.S. Government Obligations | — | 2,640 | — | 2,640 | ||||||||||||
Warrants | — | ♦ | — | ♦ | ||||||||||||
Total | $ | 70,456 | $ | 52,070 | $ | ♦ | $ | 122,526 | ||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Securities Sold Short | ||||||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (3,930 | ) | $ | — | $ | (3,930 | ) | ||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Other Financial Instruments | ||||||||||||||||
Written Options | $ | — | $ | (23 | ) | $ | — | $ | (23 | ) | ||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Other Financial Instruments* | ||||||||||||||||
Futures Contracts - Appreciation | $ | 17 | $ | — | $ | — | $ | 17 | ||||||||
Futures Contracts - Depreciation | (86 | ) | — | — | (86 | ) | ||||||||||
Total | $ | (69 | ) | $ | — | $ | — | $ | (69 | ) |
* | Other financial instruments are derivative instruments including, but not limited to, Futures Contracts, Forward Foreign Currency Contracts, and Swap Contracts that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 60
At December 31, 2010
(all amounts in thousands)
Beginning | Net Transfers | Ending | ||||||||||||||||||||||||||
Balance at | Net | Accrued | Total Realized | Change in Unrealized | In/(Out) of | Balance at | ||||||||||||||||||||||
Securities | 12/31/2009 | Purchases/(Sales) | Discounts/(Premiums) | Gain/(Loss) | Appreciation/(Depreciation) | Level 3 | 12/31/2010 | |||||||||||||||||||||
Corporate Debt Securities | $ | 1 | $ | ♦ | $ | — | $ | — | $ | (1 | ) | $ | ♦ | $ | ♦ |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 61
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 98.3% | ||||||||
Aerospace & Defense - 3.0% | ||||||||
General Dynamics Corp. ^ | 72,700 | $ | 5,159 | |||||
Lockheed Martin Corp. | 80,500 | 5,628 | ||||||
Northrop Grumman Corp. ^ | 200,000 | 12,956 | ||||||
Raytheon Co. | 138,100 | 6,400 | ||||||
Automobiles - 0.5% | ||||||||
Ford Motor Co. ‡^ | 294,900 | 4,951 | ||||||
Biotechnology - 2.9% | ||||||||
Amgen, Inc. ‡^ | 289,400 | 15,888 | ||||||
Biogen Idec, Inc. ‡^ | 198,200 | 13,289 | ||||||
Capital Markets - 3.0% | ||||||||
Ameriprise Financial, Inc. | 191,400 | 11,015 | ||||||
Franklin Resources, Inc. ^ | 84,100 | 9,353 | ||||||
Goldman Sachs Group, Inc. | 24,000 | 4,036 | ||||||
T. Rowe Price Group, Inc. ^ | 92,600 | 5,976 | ||||||
Chemicals - 1.9% | ||||||||
Cabot Corp. | 219,300 | 8,257 | ||||||
Eastman Chemical Co. ^ | 90,700 | 7,626 | ||||||
Methanex Corp. ^ | 128,300 | 3,900 | ||||||
Commercial Banks - 6.2% | ||||||||
Credicorp, Ltd. | 67,100 | 7,979 | ||||||
Fifth Third Bancorp ^ | 694,900 | 10,201 | ||||||
PNC Financial Services Group, Inc. ^ | 158,800 | 9,642 | ||||||
Wells Fargo & Co. | 1,137,500 | 35,251 | ||||||
Communications Equipment - 1.0% | ||||||||
Research In Motion, Ltd. ‡^ | 168,400 | 9,789 | ||||||
Construction & Engineering - 0.9% | ||||||||
KBR, Inc. | 297,600 | 9,068 | ||||||
Consumer Finance - 1.2% | ||||||||
Capital One Financial Corp. | 296,000 | 12,598 | ||||||
Diversified Consumer Services - 1.3% | ||||||||
Apollo Group, Inc. - Class A ‡^ | 161,600 | 6,382 | ||||||
ITT Educational Services, Inc. ‡^ | 106,200 | 6,763 | ||||||
Diversified Financial Services - 6.3% | ||||||||
Bank of America Corp. ^ | 844,200 | 11,262 | ||||||
Citigroup, Inc. ‡^ | 916,000 | 4,333 | ||||||
JPMorgan Chase & Co. ^ | 875,300 | 37,130 | ||||||
NASDAQ OMX Group ‡^ | 279,100 | 6,617 | ||||||
NYSE Euronext | 147,300 | 4,416 | ||||||
Diversified Telecommunication Services - 4.2% | ||||||||
AT&T, Inc. ^ | 893,300 | 26,246 | ||||||
Verizon Communications, Inc. ^ | 443,600 | 15,872 | ||||||
Electric Utilities - 3.9% | ||||||||
Edison International ^ | 309,000 | 11,928 | ||||||
Entergy Corp. ^ | 143,000 | 10,129 | ||||||
Exelon Corp. ^ | 198,900 | 8,282 | ||||||
NV Energy, Inc. ^ | 667,200 | 9,374 | ||||||
Electronic Equipment & Instruments - 0.6% | ||||||||
Ingram Micro, Inc. - Class A ‡ | 339,100 | 6,473 | ||||||
Food & Staples Retailing - 5.0% | ||||||||
CVS Caremark Corp. | 230,200 | 8,004 | ||||||
Kroger Co. | 533,400 | 11,927 | ||||||
Safeway, Inc. ^ | 481,900 | 10,838 | ||||||
Sysco Corp. ^ | 245,600 | 7,221 | ||||||
Walgreen Co. | 133,800 | 5,213 | ||||||
Wal-Mart Stores, Inc. ^ | 147,400 | 7,949 | ||||||
Food Products - 0.4% | ||||||||
Tyson Foods, Inc. - Class A ^ | 254,500 | 4,382 | ||||||
Gas Utilities - 0.4% | ||||||||
Energen Corp. | 80,200 | 3,870 | ||||||
Health Care Providers & Services - 5.9% | ||||||||
Aetna, Inc. ^ | 355,400 | 10,843 | ||||||
AmerisourceBergen Corp. - Class A ^ | 143,100 | 4,883 | ||||||
Cardinal Health, Inc. | 273,100 | 10,462 | ||||||
Coventry Health Care, Inc. ‡^ | 195,900 | 5,172 | ||||||
Health Net, Inc. ‡^ | 305,800 | 8,345 | ||||||
Humana, Inc. ‡^ | 134,300 | 7,352 | ||||||
UnitedHealth Group, Inc. | 252,000 | 9,100 | ||||||
WellPoint, Inc. ‡ | 70,400 | 4,003 | ||||||
Household Products - 2.5% | ||||||||
Procter & Gamble Co. | 390,600 | 25,127 | ||||||
Independent Power Producers & | ||||||||
Energy Traders - 0.8% | ||||||||
Constellation Energy Group, Inc. | 148,500 | 4,548 | ||||||
NRG Energy, Inc. ‡ | 166,000 | 3,244 | ||||||
Industrial Conglomerates - 0.8% | ||||||||
General Electric Co. ^ | 460,000 | 8,413 | ||||||
Insurance - 9.0% | ||||||||
Aflac, Inc. ^ | 73,800 | 4,165 | ||||||
Allied World Assurance Co. Holdings, Ltd. ^ | 86,200 | 5,124 | ||||||
Arch Capital Group, Ltd. ‡^ | 103,300 | 9,096 | ||||||
Assurant, Inc. | 189,500 | 7,300 | ||||||
Axis Capital Holdings, Ltd. | 278,100 | 9,977 | ||||||
Chubb Corp. ^ | 208,800 | 12,452 | ||||||
Endurance Specialty Holdings, Ltd. ^ | 131,500 | 6,058 | ||||||
RenaissanceRe Holdings, Ltd. | 159,000 | 10,126 | ||||||
Torchmark Corp. ^ | 70,100 | 4,188 | ||||||
Transatlantic Holdings, Inc. | 75,200 | 3,882 | ||||||
Travelers Cos., Inc. ^ | 248,800 | 13,860 | ||||||
Validus Holdings, Ltd. | 22,600 | 692 | ||||||
WR Berkley Corp. ^ | 176,000 | 4,819 | ||||||
Internet Software & Services - 0.8% | ||||||||
IAC/InterActiveCorp ‡^ | 287,600 | 8,254 | ||||||
Machinery - 1.5% | ||||||||
Gardner Denver, Inc. | 79,900 | 5,499 | ||||||
Oshkosh Corp. ‡^ | 271,100 | 9,553 | ||||||
Media - 3.9% | ||||||||
CBS Corp. - Class B ^ | 234,400 | 4,465 | ||||||
Comcast Corp. - Class A ^ | 355,800 | 7,817 | ||||||
DIRECTV - Class A ‡ | 221,400 | 8,841 | ||||||
McGraw-Hill Cos., Inc. | 111,200 | 4,049 | ||||||
Time Warner, Inc. | 461,400 | 14,844 | ||||||
Metals & Mining - 0.6% | ||||||||
Southern Copper Corp. ^ | 119,800 | 5,839 | ||||||
Multiline Retail - 0.4% | ||||||||
Family Dollar Stores, Inc. | 82,700 | 4,111 | ||||||
Multi-Utilities - 1.1% | ||||||||
Public Service Enterprise Group, Inc. ^ | 366,200 | 11,649 | ||||||
Oil, Gas & Consumable Fuels - 12.4% | ||||||||
Chevron Corp. ^ | 421,000 | 38,417 | ||||||
ConocoPhillips | 321,100 | 21,867 | ||||||
Exxon Mobil Corp. ^ | 118,700 | 8,679 | ||||||
Hess Corp. | 193,100 | 14,780 | ||||||
Marathon Oil Corp. | 360,500 | 13,349 | ||||||
Murphy Oil Corp. | 160,700 | 11,980 | ||||||
Nexen, Inc. | 188,900 | 4,326 | ||||||
Valero Energy Corp. ^ | 520,800 | 12,041 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 62
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Paper & Forest Products - 0.4% | ||||||||
Domtar Corp. ‡ | 47,400 | $ | 3,599 | |||||
Personal Products - 0.9% | ||||||||
Herbalife, Ltd. ^ | 138,600 | 9,476 | ||||||
Pharmaceuticals - 4.0% | ||||||||
Bristol-Myers Squibb Co. ^ | 273,300 | 7,237 | ||||||
Eli Lilly & Co. ^ | 107,300 | 3,760 | ||||||
Forest Laboratories, Inc. ‡ | 113,800 | 3,639 | ||||||
Johnson & Johnson | 346,800 | 21,450 | ||||||
Pfizer, Inc. | 238,200 | 4,171 | ||||||
Real Estate Management & Development - 0.8% | ||||||||
Jones Lang Lasalle, Inc. | 97,400 | 8,174 | ||||||
Road & Rail - 1.8% | ||||||||
CSX Corp. | 71,300 | 4,607 | ||||||
Ryder System, Inc. ^ | 172,800 | 9,096 | ||||||
Union Pacific Corp. | 49,400 | 4,577 | ||||||
Semiconductors & Semiconductor | ||||||||
Equipment - 0.9% | ||||||||
Texas Instruments, Inc. | 272,300 | 8,850 | ||||||
Software - 2.0% | ||||||||
Microsoft Corp. | 716,300 | 19,999 | ||||||
Specialty Retail - 0.9% | ||||||||
AutoZone, Inc. ‡ ^ | 32,800 | 8,941 | ||||||
Textiles, Apparel & Luxury Goods - 2.0% | ||||||||
Coach, Inc. ^ | 162,600 | 8,993 | ||||||
Deckers Outdoor Corp. ‡ ^ | 72,900 | 5,813 | ||||||
Fossil, Inc. ‡ ^ | 72,400 | 5,103 | ||||||
Tobacco - 0.8% | ||||||||
Philip Morris International, Inc. | 130,800 | 7,656 | ||||||
Wireless Telecommunication Services - 1.4% | ||||||||
MetroPCS Communications, Inc. ‡ ^ | 583,900 | 7,374 | ||||||
Telephone & Data Systems, Inc. ^ | 192,800 | 7,047 | ||||||
Total Common Stocks (cost $870,551) | 996,726 | |||||||
SECURITIES LENDING COLLATERAL - 1.8% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 18,506,196 | $ | 18,506 | |||||
Total Securities Lending Collateral (cost $18,506) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.7% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $17,447 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $17,799. | $ | 17,447 | 17,447 | |||||
Total Repurchase Agreement (cost $17,447) | ||||||||
Total Investment Securities (cost $906,504) # | 1,032,679 | |||||||
Other Assets and Liabilities - Net | (18,564 | ) | ||||||
Net Assets | $ | 1,014,115 | ||||||
^ | All or a portion of this security is on loan. The value of all securities on loan is $18,093. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $911,779. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $141,839 and $20,939, respectively. Net unrealized appreciation for tax purposes is $120,900. |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 991,602 | $ | 5,124 | $ | — | $ | 996,726 | ||||||||
Repurchase Agreement | — | 17,447 | — | 17,447 | ||||||||||||
Securities Lending Collateral | 18,506 | — | — | 18,506 | ||||||||||||
Total | $ | 1,010,108 | $ | 22,571 | $ | — | $ | 1,032,679 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 63
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 98.4% | ||||||||
Aerospace & Defense - 4.1% | ||||||||
General Dynamics Corp. | 14,200 | $ | 1,008 | |||||
L-3 Communications Holdings, Inc. ^ | 24,900 | 1,755 | ||||||
Lockheed Martin Corp. ^ | 38,300 | 2,678 | ||||||
Northrop Grumman Corp. ^ | 50,500 | 3,270 | ||||||
Raytheon Co. | 39,200 | 1,817 | ||||||
Air Freight & Logistics - 0.4% | ||||||||
FedEx Corp. ^ | 11,600 | 1,079 | ||||||
Automobiles - 1.0% | ||||||||
Ford Motor Co. ‡^ | 155,300 | 2,607 | ||||||
Beverages - 0.8% | ||||||||
Coca-Cola Co. ^ | 30,200 | 1,986 | ||||||
Biotechnology - 3.1% | ||||||||
Amgen, Inc. ‡ | 63,500 | 3,487 | ||||||
Biogen Idec, Inc. ‡ | 40,300 | 2,702 | ||||||
Gilead Sciences, Inc. ‡ | 47,800 | 1,732 | ||||||
Capital Markets - 3.3% | ||||||||
Ameriprise Financial, Inc. ^ | 45,800 | 2,636 | ||||||
Franklin Resources, Inc. | 26,200 | 2,913 | ||||||
T. Rowe Price Group, Inc. ^ | 44,400 | 2,866 | ||||||
Chemicals - 2.0% | ||||||||
Agrium, Inc. ^ | 25,700 | 2,359 | ||||||
E.I. du Pont de Nemours & Co. ^ | 22,400 | 1,117 | ||||||
PPG Industries, Inc. | 17,700 | 1,488 | ||||||
Commercial Banks - 3.9% | ||||||||
Credicorp, Ltd. | 14,800 | 1,760 | ||||||
Fifth Third Bancorp ^ | 171,900 | 2,523 | ||||||
Wells Fargo & Co. | 180,400 | 5,591 | ||||||
Communications Equipment - 1.0% | ||||||||
Research In Motion, Ltd. ‡^ | 42,000 | 2,441 | ||||||
Computers & Peripherals - 2.7% | ||||||||
Apple, Inc. ‡ | 6,200 | 2,000 | ||||||
Dell, Inc. ‡^ | 160,600 | 2,176 | ||||||
Hewlett-Packard Co. ^ | 65,600 | 2,762 | ||||||
Consumer Finance - 1.5% | ||||||||
Capital One Financial Corp. | 65,600 | 2,792 | ||||||
Discover Financial Services | 54,500 | 1,010 | ||||||
Diversified Financial Services - 2.7% | ||||||||
JPMorgan Chase & Co. ^ | 137,100 | 5,816 | ||||||
NYSE Euronext | 34,000 | 1,019 | ||||||
Diversified Telecommunication Services - 3.3% | ||||||||
AT&T, Inc. | 134,900 | 3,963 | ||||||
BCE, Inc. | 68,600 | 2,433 | ||||||
Verizon Communications, Inc. ^ | 57,200 | 2,047 | ||||||
Electric Utilities - 2.2% | ||||||||
Edison International ^ | 76,500 | 2,953 | ||||||
Entergy Corp. | 15,600 | 1,105 | ||||||
Exelon Corp. ^ | 36,800 | 1,532 | ||||||
Electronic Equipment & Instruments - 1.1% | ||||||||
Tyco Electronics, Ltd. | 78,700 | 2,786 | ||||||
Food & Staples Retailing - 5.7% | ||||||||
CVS Caremark Corp. ^ | 64,400 | 2,239 | ||||||
Kroger Co. | 123,300 | 2,757 | ||||||
Safeway, Inc. ^ | 104,900 | 2,359 | ||||||
Sysco Corp. ^ | 40,100 | 1,179 | ||||||
Walgreen Co. | 85,000 | 3,311 | ||||||
Wal-Mart Stores, Inc. | 52,300 | 2,821 | ||||||
Health Care Equipment & Supplies - 0.4% | ||||||||
St. Jude Medical, Inc. ‡ | 25,800 | 1,103 | ||||||
Health Care Providers & Services - 6.0% | ||||||||
Aetna, Inc. ^ | 83,800 | 2,557 | ||||||
AmerisourceBergen Corp. - Class A | 78,600 | 2,682 | ||||||
Cardinal Health, Inc. ^ | 70,900 | 2,715 | ||||||
Humana, Inc. ‡ | 45,300 | 2,480 | ||||||
UnitedHealth Group, Inc. | 105,200 | 3,798 | ||||||
WellPoint, Inc. ‡ | 17,900 | 1,018 | ||||||
Hotels, Restaurants & Leisure - 1.4% | ||||||||
McDonald’s Corp. | 33,100 | 2,540 | ||||||
Royal Caribbean Cruises, Ltd. ‡ | 23,800 | 1,119 | ||||||
Household Products - 2.8% | ||||||||
Colgate-Palmolive Co. | 12,800 | 1,029 | ||||||
Procter & Gamble Co. | 95,100 | 6,118 | ||||||
Industrial Conglomerates - 0.7% | ||||||||
General Electric Co. ^ | 96,900 | 1,772 | ||||||
Insurance - 4.2% | ||||||||
ACE, Ltd. | 32,500 | 2,023 | ||||||
Aflac, Inc. | 47,700 | 2,692 | ||||||
Chubb Corp. ^ | 50,000 | 2,982 | ||||||
Travelers Cos., Inc. ^ | 61,300 | 3,415 | ||||||
IT Services - 4.0% | ||||||||
Fiserv, Inc. ‡^ | 22,200 | 1,300 | ||||||
International Business Machines Corp. | 48,200 | 7,074 | ||||||
Visa, Inc. - Class A ^ | 27,500 | 1,935 | ||||||
Machinery - 2.0% | ||||||||
Caterpillar, Inc. ^ | 18,600 | 1,742 | ||||||
Dover Corp. | 15,900 | 929 | ||||||
Parker Hannifin Corp. | 27,700 | 2,391 | ||||||
Media - 4.7% | ||||||||
Comcast Corp. - Class A ^ | 61,500 | 1,351 | ||||||
DIRECTV - Class A ‡ | 86,000 | 3,435 | ||||||
McGraw-Hill Cos., Inc. | 69,400 | 2,527 | ||||||
Time Warner, Inc. | 108,500 | 3,491 | ||||||
Time Warner Cable, Inc. | 17,300 | 1,142 | ||||||
Metals & Mining - 1.5% | ||||||||
Southern Copper Corp. ^ | 58,400 | 2,846 | ||||||
Teck Resources, Ltd. - Class B | 17,500 | 1,082 | ||||||
Multiline Retail - 0.9% | ||||||||
Target Corp. | 39,400 | 2,369 | ||||||
Multi-Utilities - 1.0% | ||||||||
Public Service Enterprise Group, Inc. ^ | 80,700 | 2,567 | ||||||
Oil, Gas & Consumable Fuels - 12.4% | ||||||||
Chevron Corp. | 78,000 | 7,118 | ||||||
ConocoPhillips ^ | 76,000 | 5,176 | ||||||
Exxon Mobil Corp. | 122,800 | 8,978 | ||||||
Hess Corp. | 40,400 | 3,092 | ||||||
Marathon Oil Corp. | 94,700 | 3,507 | ||||||
Murphy Oil Corp. ^ | 16,400 | 1,223 | ||||||
Valero Energy Corp. | 117,100 | 2,707 | ||||||
Pharmaceuticals - 1.8% | ||||||||
Forest Laboratories, Inc. ‡ | 49,500 | 1,583 | ||||||
Johnson & Johnson | 49,000 | 3,031 | ||||||
Road & Rail - 1.6% | ||||||||
CSX Corp. | 20,600 | 1,331 | ||||||
Norfolk Southern Corp. | 17,700 | 1,112 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 64
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Road & Rail (continued) | ||||||||
Union Pacific Corp. | 16,500 | $ | 1,529 | |||||
Semiconductors & Semiconductor Equipment - 3.2% | ||||||||
Applied Materials, Inc. ^ | 110,200 | 1,548 | ||||||
Intel Corp. | 150,500 | 3,165 | ||||||
Texas Instruments, Inc. | 108,500 | 3,527 | ||||||
Software - 5.4% | ||||||||
Activision Blizzard, Inc. ^ | 197,100 | 2,452 | ||||||
CA, Inc. ^ | 49,900 | 1,220 | ||||||
Microsoft Corp. | 269,700 | 7,529 | ||||||
Oracle Corp. | 42,100 | 1,318 | ||||||
Symantec Corp. ‡ | 75,500 | 1,264 | ||||||
Specialty Retail - 2.5% | ||||||||
AutoZone, Inc. ‡ ^ | 10,300 | 2,808 | ||||||
Gap, Inc. | 112,800 | 2,497 | ||||||
TJX Cos., Inc. ^ | 21,900 | 972 | ||||||
Textiles, Apparel & Luxury Goods - 1.1% | ||||||||
Coach, Inc. | 51,500 | 2,848 | ||||||
Tobacco - 1.2% | ||||||||
Philip Morris International, Inc. | 54,000 | 3,161 | ||||||
Trading Companies & Distributors - 0.8% | ||||||||
WW Grainger, Inc. ^ | 15,600 | 2,155 | ||||||
Total Common Stocks (cost $217,299) | 251,950 | |||||||
SECURITIES LENDING COLLATERAL - 2.2% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 5,647,268 | 5,647 | ||||||
Total Securities Lending Collateral (cost $5,647) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.5% | ||||||||
State Street Bank & Trust Co. 0.01% , dated 12/31/2010, to be repurchased at $3,877 on 01/03/2011. Collateralized by a U.S. Government Obligation, 0.63%, due 12/31/2012, with a value of $3,955. | $ | 3,877 | 3,877 | |||||
Total Repurchase Agreement (cost $3,877) | ||||||||
Total Investment Securities (cost $226,823) # | 261,474 | |||||||
Other Assets and Liabilities — Net | (5,479 | ) | ||||||
Net Assets | $ | 255,995 | ||||||
^ | All or a portion of this security is on loan. The value of all securities on loan is $5,526. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $238,541. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $25,710 and $2,777, respectively. Net unrealized appreciation for tax purposes is $22,933. |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 247,141 | $ | 4,809 | $ | — | $ | 251,950 | ||||||||
Repurchase Agreement | — | 3,877 | — | 3,877 | ||||||||||||
Securities Lending Collateral | 5,647 | — | — | 5,647 | ||||||||||||
Total | $ | 252,788 | $ | 8,686 | $ | — | $ | 261,474 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 65
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 99.8% | ||||||||
Aerospace & Defense - 3.2% | ||||||||
Boeing Co. | 157,100 | $ | 10,252 | |||||
Honeywell International, Inc. | 150,762 | 8,015 | ||||||
Precision Castparts Corp. | 75,580 | 10,521 | ||||||
United Technologies Corp. ^ | 105,150 | 8,277 | ||||||
Air Freight & Logistics - 1.2% | ||||||||
CH Robinson Worldwide, Inc. ^ | 102,919 | 8,253 | ||||||
Expeditors International of Washington, Inc. | 57,896 | 3,161 | ||||||
United Parcel Service, Inc. - Class B | 32,489 | 2,358 | ||||||
Airlines - 0.3% | ||||||||
Southwest Airlines Co. ^ | 284,123 | 3,688 | ||||||
Automobiles - 0.8% | ||||||||
Bayerische Motoren Werke AG ADR | 18,384 | 480 | ||||||
Ford Motor Co. ‡^ | 505,349 | 8,484 | ||||||
Beverages - 0.8% | ||||||||
Anheuser-Busch InBev NV ADR | 158,658 | 9,058 | ||||||
Biotechnology - 1.2% | ||||||||
Amgen, Inc. ‡ | 29,588 | 1,624 | ||||||
Celgene Corp. ‡ | 157,427 | 9,310 | ||||||
Vertex Pharmaceuticals, Inc. ‡^ | 86,484 | 3,030 | ||||||
Capital Markets - 2.2% | ||||||||
Charles Schwab Corp. ^ | 382,694 | 6,548 | ||||||
Goldman Sachs Group, Inc. | 116,049 | 19,514 | ||||||
Chemicals - 0.4% | ||||||||
Monsanto Co. ^ | 72,862 | 5,074 | ||||||
Commercial Banks - 0.4% | ||||||||
Banco Santander Brasil SA ADR ^ | 120,213 | 1,635 | ||||||
Wells Fargo & Co. | 106,902 | 3,313 | ||||||
Communications Equipment - 6.1% | ||||||||
Cisco Systems, Inc. ‡^ | 1,599,201 | 32,352 | ||||||
Emulex Corp. ‡^ | 325,534 | 3,796 | ||||||
Juniper Networks, Inc. ‡^ | 554,396 | 20,468 | ||||||
QUALCOMM, Inc. | 211,093 | 10,447 | ||||||
Riverbed Technology, Inc. ‡^ | 150,149 | 5,281 | ||||||
Computers & Peripherals - 11.1% | ||||||||
Apple, Inc. ‡ | 175,770 | 56,697 | ||||||
Dell, Inc. ‡^ | 363,662 | 4,928 | ||||||
EMC Corp. ‡^ | 937,119 | 21,460 | ||||||
Hewlett-Packard Co. | 108,505 | 4,568 | ||||||
NetApp, Inc. ‡^ | 534,853 | 29,396 | ||||||
QLogic Corp. ‡ | 636,393 | 10,831 | ||||||
SanDisk Corp. ‡ | 65,750 | 3,278 | ||||||
Consumer Finance - 0.5% | ||||||||
American Express Co. | 128,871 | 5,531 | ||||||
Diversified Consumer Services - 0.3% | ||||||||
ITT Educational Services, Inc. ‡^ | 60,638 | 3,862 | ||||||
Electrical Equipment - 0.5% | ||||||||
Emerson Electric Co. | 103,055 | 5,892 | ||||||
Electronic Equipment & Instruments - 0.9% | ||||||||
Agilent Technologies, Inc. ‡ | 245,846 | 10,185 | ||||||
Energy Equipment & Services - 2.4% | ||||||||
Baker Hughes, Inc. | 29,870 | 1,708 | ||||||
Cameron International Corp. ‡ | 73,466 | 3,727 | ||||||
Nabors Industries, Ltd. ‡ | 90,481 | 2,123 | ||||||
Oceaneering International, Inc. ‡^ | 40,417 | 2,976 | ||||||
Schlumberger, Ltd. | 218,437 | 18,239 | ||||||
Food & Staples Retailing - 1.5% | ||||||||
Costco Wholesale Corp. ^ | 121,292 | 8,758 | ||||||
Whole Foods Market, Inc. ‡^ | 178,673 | 9,040 | ||||||
Food Products - 1.6% | ||||||||
Kraft Foods, Inc. - Class A ^ | 203,302 | 6,406 | ||||||
Mead Johnson Nutrition Co. - Class A | 95,092 | 5,919 | ||||||
Unilever PLC | 192,654 | 5,896 | ||||||
Health Care Equipment & Supplies - 0.4% | ||||||||
Hologic, Inc. ‡ | 163,135 | 3,070 | ||||||
Intuitive Surgical, Inc. ‡^ | 674 | 174 | ||||||
Stryker Corp. ^ | 19,661 | 1,056 | ||||||
Health Care Providers & Services - 2.2% | ||||||||
Express Scripts, Inc. ‡ | 170,614 | 9,221 | ||||||
Laboratory Corp. of America Holdings ‡^ | 51,065 | 4,490 | ||||||
Medco Health Solutions, Inc. ‡ | 122,173 | 7,486 | ||||||
UnitedHealth Group, Inc. | 153,388 | 5,539 | ||||||
Hotels, Restaurants & Leisure - 3.4% | ||||||||
Carnival Corp. ^ | 66,155 | 3,050 | ||||||
Ctrip.com International, Ltd. ADR ‡ | 36,207 | 1,465 | ||||||
Las Vegas Sands Corp. ‡ | 89,791 | 4,126 | ||||||
Marriott International, Inc. Class A ^ | 239,208 | 9,937 | ||||||
McDonald’s Corp. | 80,463 | 6,176 | ||||||
Starbucks Corp. | 480,791 | 15,448 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
General Electric Co. ^ | 620,981 | 11,358 | ||||||
Insurance - 0.3% | ||||||||
Lincoln National Corp. | 123,042 | 3,422 | ||||||
Internet & Catalog Retail - 3.7% | ||||||||
Amazon.com, Inc. ‡ | 191,860 | 34,535 | ||||||
Expedia, Inc. ^ | 197,445 | 4,954 | ||||||
priceline.com, Inc. ‡^ | 10,983 | 4,388 | ||||||
Internet Software & Services - 4.5% | ||||||||
Baidu, Inc. ADR ‡ | 87,233 | 8,421 | ||||||
eBay, Inc. ‡ | 92,218 | 2,566 | ||||||
Google, Inc. Class A ‡ | 55,586 | 33,016 | ||||||
IAC/InterActiveCorp ‡^ | 77,256 | 2,217 | ||||||
Mail.ru Group, Ltd. - 144A GDR ‡ Ə | 75,303 | 2,711 | ||||||
Tencent Holdings, Ltd. | 192,586 | 4,237 | ||||||
IT Services - 6.1% | ||||||||
Cognizant Technology Solutions Corp. - Class A ‡^ | 70,252 | 5,149 | ||||||
International Business Machines Corp. | 320,261 | 47,001 | ||||||
Mastercard, Inc. - Class A ^ | 51,585 | 11,561 | ||||||
Visa, Inc. — Class A ^ | 111,995 | 7,882 | ||||||
Life Sciences Tools & Services - 1.0% | ||||||||
Illumina, Inc. ‡^ | 93,404 | 5,916 | ||||||
Waters Corp. ‡ | 72,292 | 5,618 | ||||||
Machinery - 6.1% | ||||||||
Caterpillar, Inc. ^ | 213,887 | 20,033 | ||||||
Cummins, Inc. | 47,010 | 5,172 | ||||||
Deere & Co. ^ | 94,534 | 7,851 | ||||||
Dover Corp. | 106,059 | 6,199 | ||||||
Illinois Tool Works, Inc. ^ | 91,334 | 4,877 | ||||||
Ingersoll-Rand PLC ^ | 235,580 | 11,093 | ||||||
Joy Global, Inc. | 89,802 | 7,790 | ||||||
Parker Hannifin Corp. | 113,987 | 9,837 | ||||||
Media - 2.4% | ||||||||
News Corp. - Class A ^ | 258,235 | 3,760 | ||||||
Omnicom Group, Inc. | 199,890 | 9,155 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 66
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Media (continued) | ||||||||
Walt Disney Co. ^ | 395,632 | $ | 14,840 | |||||
Metals & Mining - 2.1% | ||||||||
Cliffs Natural Resources, Inc. | 75,590 | 5,897 | ||||||
Nucor Corp. ^ | 110,825 | 4,856 | ||||||
Rio Tinto PLC ADR ^ | 59,661 | 4,275 | ||||||
Teck Resources, Ltd. - Class B ^ | 156,208 | 9,659 | ||||||
Multiline Retail - 1.3% | ||||||||
Dollar General Corp. ‡^ | 187,666 | 5,756 | ||||||
Target Corp. | 159,697 | 9,602 | ||||||
Oil, Gas & Consumable Fuels - 4.1% | ||||||||
Anadarko Petroleum Corp. | 97,386 | 7,417 | ||||||
Apache Corp. ^ | 91,172 | 10,870 | ||||||
Exxon Mobil Corp. | 66,397 | 4,855 | ||||||
Occidental Petroleum Corp. ^ | 172,656 | 16,937 | ||||||
Valero Energy Corp. ^ | 335,981 | 7,768 | ||||||
Personal Products - 0.2% | ||||||||
Estee Lauder Cos., Inc.- Class A | 33,814 | 2,729 | ||||||
Pharmaceuticals - 2.1% | ||||||||
Abbott Laboratories ^ | 60,672 | 2,907 | ||||||
Allergan, Inc. ^ | 95,626 | 6,567 | ||||||
Shire PLC ADR ^ | 114,171 | 8,263 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 124,323 | 6,481 | ||||||
Road & Rail - 0.5% | ||||||||
Union Pacific Corp. | 66,519 | 6,164 | ||||||
Semiconductors & Semiconductor Equipment - 6.1% | ||||||||
Altera Corp. ^ | 758,073 | 26,973 | ||||||
Analog Devices, Inc. | 221,834 | 8,356 | ||||||
Broadcom Corp. - Class A | 331,051 | 14,417 | ||||||
Intel Corp. | 37,028 | 779 | ||||||
Intersil Corp. - Class A ^ | 587,147 | 8,966 | ||||||
Marvell Technology Group, Ltd. ‡ | 63,081 | 1,170 | ||||||
Xilinx, Inc. ^ | 397,182 | 11,510 | ||||||
Software - 9.9% | ||||||||
Adobe Systems, Inc. ‡ | 109,854 | 3,381 | ||||||
Autodesk, Inc. ‡^ | 149,834 | 5,724 | ||||||
BMC Software, Inc. ‡ | 109,153 | 5,145 | ||||||
Check Point Software Technologies, Ltd. ‡^ | 138,676 | 6,415 | ||||||
Citrix Systems, Inc. ‡ | 74,240 | 5,079 | ||||||
Longtop Financial Technologies, Ltd. ADR ‡ ^ | 68,161 | 2,466 | ||||||
Microsoft Corp. | 679,615 | 18,975 | ||||||
Oracle Corp. ^ | 1,094,462 | 34,257 | ||||||
Red Hat, Inc. ‡ | 223,697 | 10,212 | ||||||
Salesforce.com, Inc. ‡^ | 78,612 | 10,377 | ||||||
VMware, Inc. - Class A ‡^ | 161,838 | 14,389 | ||||||
Specialty Retail - 2.6% | ||||||||
Advance Auto Parts, Inc. ^ | 73,601 | 4,869 | ||||||
Aeropostale, Inc. ‡^ | 56,221 | 1,385 | ||||||
Buckle, Inc. ^ | 25,025 | 945 | ||||||
Home Depot, Inc. | 135,745 | 4,759 | ||||||
Ross Stores, Inc. | 77,430 | 4,897 | ||||||
Staples, Inc. ^ | 128,893 | 2,935 | ||||||
Tiffany & Co. ^ | 103,197 | 6,427 | ||||||
TJX Cos., Inc. ^ | 69,588 | 3,089 | ||||||
Urban Outfitters, Inc. ‡ | 51,915 | 1,859 | ||||||
Textiles, Apparel & Luxury Goods - 3.9% | ||||||||
Coach, Inc. | 263,527 | $ | 14,576 | |||||
Lululemon Athletica, Inc. ‡^ | 22,281 | 1,524 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 5,514 | 907 | ||||||
Nike, Inc. - Class B ^ | 175,669 | 15,007 | ||||||
Phillips-Van Heusen Corp. ^ | 58,006 | 3,655 | ||||||
Polo Ralph Lauren Corp. - Class A ^ | 83,524 | 9,264 | ||||||
Wireless Telecommunication Services - 0.5% | ||||||||
American Tower Corp. - Class A ‡ | 106,432 | 5,496 | ||||||
Total Common Stocks (cost $964,982) | 1,174,344 | |||||||
SECURITIES LENDING COLLATERAL - 1.6% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 18,937,844 | 18,938 | ||||||
Total Securities Lending Collateral (cost $18,938) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.2% | ||||||||
State Street Bank & Trust Co. 0.01% ▲ , dated 12/31/2010, to be repurchased at $2,436 on 01/03/2011. Collateralized by U.S. Government Obligations, 0.63% - 3.63%, due 12/31/2012 - 08/15/2019, with a total value of $2,489. | $ | 2,436 | 2,436 | |||||
Total Repurchase Agreement (cost $2,436) | ||||||||
Total Investment Securities (cost $986,356) # | 1,195,718 | |||||||
Other Assets and Liabilities - Net | (19,135 | ) | ||||||
Net Assets | $ | 1,176,583 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 67
At December 31, 2010
(all amounts in thousands)
^ | All or a portion of this security is on loan. The value of all securities on loan is $18,511. | |
‡ | Non-income producing security. | |
Ə | Security fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. This security had a market value of $2,711, or 0.23%, of the portfolio’s net assets. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $1,001,784. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $204,395 and $10,461, respectively. Net unrealized appreciation for tax purposes is $193,934. |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 12/31/2010, these securities aggregated $2,711, or 0.23%, of the fund’s net assets. | |
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 1,114,527 | $ | 59,817 | $ | — | $ | 1,174,344 | ||||||||
Repurchase Agreement | — | 2,436 | — | 2,436 | ||||||||||||
Securities Lending Collateral | 18,938 | — | — | 18,938 | ||||||||||||
Total | $ | 1,133,465 | $ | 62,253 | $ | — | $ | 1,195,718 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 68
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 96.4% | ||||||||
Aerospace & Defense - 0.8% | ||||||||
Alliant Techsystems, Inc. ‡ | 47,200 | $ | 3,513 | |||||
L-3 Communications Holdings, Inc. | 53,600 | 3,778 | ||||||
Auto Components - 0.3% | ||||||||
WABCO Holdings, Inc. ‡ | 52,200 | 3,181 | ||||||
Beverages - 1.9% | ||||||||
Brown-Forman Corp.- Class B | 54,000 | 3,759 | ||||||
Coca-Cola Enterprises, Inc. | 282,600 | 7,074 | ||||||
Dr. Pepper Snapple Group, Inc. | 36,000 | 1,266 | ||||||
Molson Coors Brewing Co.- Class B | 110,400 | 5,541 | ||||||
Capital Markets - 2.1% | ||||||||
Ameriprise Financial, Inc. | 183,100 | 10,538 | ||||||
LPL Investment Holdings, Inc. ‡ | 25,800 | 938 | ||||||
Northern Trust Corp. | 59,000 | 3,269 | ||||||
T. Rowe Price Group, Inc. | 73,100 | 4,718 | ||||||
Chemicals - 2.4% | ||||||||
Air Products & Chemicals, Inc. | 60,500 | 5,502 | ||||||
Albemarle Corp. | 101,400 | 5,656 | ||||||
PPG Industries, Inc. | 71,200 | 5,986 | ||||||
Sigma-Aldrich Corp. ^ | 72,800 | 4,846 | ||||||
Commercial Banks - 6.1% | ||||||||
BancorpSouth, Inc. ^ | 146,500 | 2,337 | ||||||
BB&T Corp. | 73,100 | 1,922 | ||||||
City National Corp. | 44,600 | 2,737 | ||||||
Comerica, Inc. ^ | 233,100 | 9,846 | ||||||
Cullen/Frost Bankers, Inc. ^ | 43,300 | 2,646 | ||||||
Fifth Third Bancorp | 1,017,700 | 14,940 | ||||||
M&T Bank Corp. | 59,100 | 5,145 | ||||||
SunTrust Banks, Inc. ^ | 392,200 | 11,574 | ||||||
TCF Financial Corp. ^ | 76,800 | 1,137 | ||||||
Zions Bancorporation ^ | 104,500 | 2,532 | ||||||
Commercial Services & Supplies - 3.2% | ||||||||
Avery Dennison Corp. | 276,700 | 11,715 | ||||||
Republic Services, Inc. - Class A | 593,900 | 17,735 | ||||||
Containers & Packaging - 1.7% | ||||||||
Ball Corp. | 100,600 | 6,846 | ||||||
Crown Holdings, Inc. ‡ | 199,900 | 6,673 | ||||||
Rock-Tenn Co. Class A | 40,800 | 2,201 | ||||||
Distributors - 0.5% | ||||||||
Genuine Parts Co. | 84,400 | 4,333 | ||||||
Diversified Financial Services - 1.2% | ||||||||
NYSE Euronext | 375,200 | 11,248 | ||||||
Diversified Telecommunication Services - 0.7% | ||||||||
CenturyLink, Inc. ^ | 105,000 | 4,848 | ||||||
Windstream Corp. | 137,800 | 1,921 | ||||||
Electric Utilities - 3.3% | ||||||||
American Electric Power Co., Inc. | 189,700 | 6,825 | ||||||
Edison International | 253,100 | 9,770 | ||||||
Northeast Utilities | 47,900 | 1,527 | ||||||
Westar Energy, Inc. ^ | 237,300 | 5,970 | ||||||
Wisconsin Energy Corp. | 94,900 | 5,586 | ||||||
Electrical Equipment - 2.3% | ||||||||
AMETEK, Inc. | 84,300 | 3,309 | ||||||
Cooper Industries PLC - Class A | 197,500 | 11,512 | ||||||
Regal Beloit Corp. | 21,600 | 1,442 | ||||||
Roper Industries, Inc. ^ | 56,800 | 4,341 | ||||||
Electronic Equipment & Instruments - 2.8% | ||||||||
Amphenol Corp. - Class A ^ | 77,500 | 4,090 | ||||||
Arrow Electronics, Inc. ‡ | 109,200 | 3,740 | ||||||
Tyco Electronics, Ltd. | 499,100 | 17,669 | ||||||
Energy Equipment & Services - 2.9% | ||||||||
Baker Hughes, Inc. | 199,800 | 11,423 | ||||||
Cameron International Corp. ‡ | 163,300 | 8,284 | ||||||
Weatherford International, Ltd. ‡^ | 311,000 | 7,091 | ||||||
Food & Staples Retailing - 1.7% | ||||||||
Kroger Co. | 428,000 | 9,570 | ||||||
Safeway, Inc. ^ | 256,600 | 5,771 | ||||||
Food Products - 2.0% | ||||||||
ConAgra Foods, Inc. | 202,300 | 4,568 | ||||||
JM Smucker Co. | 102,500 | 6,729 | ||||||
Mead Johnson Nutrition Co. - Class A | 51,300 | 3,193 | ||||||
Ralcorp Holdings, Inc. ‡ | 59,300 | 3,855 | ||||||
Gas Utilities - 2.9% | ||||||||
Energen Corp. | 154,321 | 7,448 | ||||||
EQT Corp. | 295,000 | 13,227 | ||||||
Oneok, Inc. | 110,400 | 6,124 | ||||||
Health Care Equipment & Supplies - 6.6% | ||||||||
Becton, Dickinson and Co. | 89,400 | 7,556 | ||||||
CareFusion Corp. ‡ | 368,700 | 9,476 | ||||||
CR Bard, Inc. ^ | 62,550 | 5,740 | ||||||
St. Jude Medical, Inc. ‡ | 371,700 | 15,891 | ||||||
Stryker Corp. | 170,300 | 9,145 | ||||||
Zimmer Holdings, Inc. ‡ | 216,700 | 11,632 | ||||||
Health Care Providers & Services - 2.2% | ||||||||
AmerisourceBergen Corp. - Class A | 66,400 | 2,266 | ||||||
Community Health Systems, Inc. ‡ | 74,200 | 2,773 | ||||||
Coventry Health Care, Inc. ‡ | 127,000 | 3,353 | ||||||
Humana, Inc. ‡ | 61,500 | 3,366 | ||||||
Lincare Holdings, Inc. ^ | 251,350 | 6,743 | ||||||
VCA Antech, Inc. ‡^ | 81,100 | 1,889 | ||||||
Hotels, Restaurants & Leisure - 1.5% | ||||||||
Darden Restaurants, Inc. | 68,499 | 3,181 | ||||||
Intercontinental Hotels Group PLC ADR | 182,000 | 3,591 | ||||||
Marriott International, Inc. - Class A ^ | 90,566 | 3,762 | ||||||
Yum! Brands, Inc. | 68,800 | 3,375 | ||||||
Household Durables - 4.9% | ||||||||
Fortune Brands, Inc. ^ | 98,700 | 5,947 | ||||||
Jarden Corp. | 89,600 | 2,766 | ||||||
Mohawk Industries, Inc. ‡ | 55,000 | 3,122 | ||||||
Newell Rubbermaid, Inc. | 412,100 | 7,491 | ||||||
Snap-On, Inc. | 95,706 | 5,415 | ||||||
Stanley Black & Decker, Inc. | 201,100 | 13,447 | ||||||
Whirlpool Corp. ^ | 72,200 | 6,414 | ||||||
Household Products - 0.3% | ||||||||
Energizer Holdings, Inc. ‡ | 38,600 | 2,814 | ||||||
Industrial Conglomerates - 2.4% | ||||||||
Carlisle Cos., Inc. ^ | 105,400 | 4,189 | ||||||
Tyco International, Ltd. | 436,300 | 18,080 | ||||||
Insurance - 7.4% | ||||||||
AON Corp. | 80,500 | 3,704 | ||||||
Arch Capital Group, Ltd. ‡ | 17,700 | 1,558 | ||||||
Cincinnati Financial Corp. ^ | 174,900 | 5,543 | ||||||
Loews Corp. | 225,700 | 8,782 | ||||||
Old Republic International Corp. ^ | 445,500 | 6,072 | ||||||
OneBeacon Insurance Group, Ltd. - Class A | 170,655 | 2,587 | ||||||
Principal Financial Group, Inc. | 373,800 | 12,171 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 69
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Insurance (continued) | ||||||||
Symetra Financial Corp. | 45,400 | $ | 622 | |||||
Transatlantic Holdings, Inc. | 120,700 | 6,231 | ||||||
WR Berkley Corp. ^ | 206,400 | 5,651 | ||||||
XL Group PLC - Class A | 604,000 | 13,180 | ||||||
Internet & Catalog Retail - 0.4% | ||||||||
Expedia, Inc. | 141,400 | 3,548 | ||||||
IT Services - 1.8% | ||||||||
Alliance Data Systems Corp. ‡^ | 115,000 | 8,168 | ||||||
Western Union Co. | 433,600 | 8,052 | ||||||
Media - 3.9% | ||||||||
Cablevision Systems Corp. - Class A | 63,100 | 2,135 | ||||||
CBS Corp. - Class B | 188,600 | 3,593 | ||||||
DISH Network Corp. - Class A ‡^ | 210,600 | 4,140 | ||||||
Gannett Co., Inc. ^ | 272,600 | 4,114 | ||||||
Omnicom Group, Inc. | 55,800 | 2,556 | ||||||
Viacom, Inc. - Class B | 428,400 | 16,969 | ||||||
Washington Post Co. - Class B ^ | 3,700 | 1,626 | ||||||
Metals & Mining - 0.8% | ||||||||
Allegheny Technologies, Inc. ^ | 130,000 | 7,173 | ||||||
Multiline Retail - 0.5% | ||||||||
Macy’s, Inc. | 177,100 | 4,481 | ||||||
Multi-Utilities - 3.8% | ||||||||
CMS Energy Corp. | 783,700 | 14,577 | ||||||
NSTAR ^ | 105,100 | 4,434 | ||||||
Sempra Energy | 166,600 | 8,743 | ||||||
Xcel Energy, Inc. | 282,000 | 6,641 | ||||||
Oil, Gas & Consumable Fuels - 4.9% | ||||||||
CVR Energy, Inc. ‡ | 117,300 | 1,781 | ||||||
Denbury Resources, Inc. ‡ | 233,100 | 4,450 | ||||||
Devon Energy Corp. | 91,900 | 7,215 | ||||||
El Paso Corp. | 300,200 | 4,131 | ||||||
Kinder Morgan Management LLC | 45,566 | 3,047 | ||||||
Newfield Exploration Co. ‡ | 74,900 | 5,401 | ||||||
Nexen, Inc. | 294,400 | 6,742 | ||||||
Teekay Corp. | 126,600 | 4,188 | ||||||
Williams Cos., Inc. | 300,700 | 7,432 | ||||||
Professional Services - 1.4% | ||||||||
Dun & Bradstreet Corp. | 89,700 | 7,363 | ||||||
Manpower, Inc. | 82,550 | 5,181 | ||||||
Real Estate Investment Trusts - 1.7% | ||||||||
HCP, Inc. | 65,700 | 2,417 | ||||||
Kimco Realty Corp. | 115,000 | 2,075 | ||||||
Public Storage | 17,400 | 1,765 | ||||||
Regency Centers Corp. ^ | 104,700 | 4,423 | ||||||
Vornado Realty Trust | 53,237 | 4,435 | ||||||
Real Estate Management & Development - 1.2% | ||||||||
Brookfield Properties Corp. | 223,900 | 3,925 | ||||||
CB Richard Ellis Group, Inc. - Class A ‡ | 345,800 | 7,082 | ||||||
Semiconductors & Semiconductor Equipment - 2.2% | ||||||||
Linear Technology Corp. | 193,600 | 6,697 | ||||||
LSI Corp. ‡ | 1,522,700 | 9,120 | ||||||
Micron Technology, Inc. ‡ | 550,100 | 4,412 | ||||||
Software - 3.4% | ||||||||
Activision Blizzard, Inc. | 547,100 | 6,806 | ||||||
BMC Software, Inc. ‡ | 188,100 | 8,868 | ||||||
Jack Henry & Associates, Inc. ^ | 158,300 | 4,614 | ||||||
Parametric Technology Corp. ‡^ | 266,950 | 6,014 | ||||||
Synopsys, Inc. ‡ | 169,600 | 4,564 | ||||||
Specialty Retail - 4.6% | ||||||||
AutoZone, Inc. ‡ | 13,700 | 3,734 | ||||||
Bed Bath & Beyond, Inc. ‡ | 110,400 | 5,426 | ||||||
Gap, Inc. | 414,000 | 9,167 | ||||||
Guess?, Inc. | 148,700 | 7,036 | ||||||
Sherwin-Williams Co. ^ | 63,700 | 5,335 | ||||||
Staples, Inc. | 99,600 | 2,268 | ||||||
Tiffany & Co. ^ | 67,100 | 4,178 | ||||||
TJX Cos., Inc. | 107,100 | 4,754 | ||||||
Textiles, Apparel & Luxury Goods - 0.4% | ||||||||
Phillips-Van Heusen Corp. | 58,300 | 3,673 | ||||||
Thrifts & Mortgage Finance - 0.4% | ||||||||
Capitol Federal Financial, Inc. | 15,600 | 186 | ||||||
People’s United Financial, Inc. ^ | 272,400 | 3,816 | ||||||
Tobacco - 0.2% | ||||||||
Lorillard, Inc. | 17,000 | 1,395 | ||||||
Water Utilities - 0.2% | ||||||||
American Water Works Co., Inc. | 81,200 | 2,054 | ||||||
Wireless Telecommunication Services - 0.5% | ||||||||
Telephone & Data Systems, Inc. (Special Shares) - Class L | 135,763 | 4,279 | ||||||
Total Common Stocks (cost $723,941) | 876,889 | |||||||
SECURITIES LENDING COLLATERAL - 5.2% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% | 46,842,151 | 46,842 | ||||||
Total Securities Lending Collateral (cost $46,842) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.4% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $31,241 on 01/03/2011. Collateralized by U.S. Government Obligations, 1.38% - 3.63%, due 05/15/2013 - 08/15/2019, with a total value of $31,872. | $ | 31,241 | 31,241 | |||||
Total Repurchase Agreement (cost $31,241) | ||||||||
Total Investment Securities (cost $802,024) # | 954,972 | |||||||
Other Assets and Liabilities - Net | (45,838 | ) | ||||||
Net Assets | $ | 909,134 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 70
At December 31, 2010
(all amounts in thousands)
NOTES TO SCHEDULE OF INVESTMENTS: | ||
‡ | Non-income producing security. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $45,754. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $804,882. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $151,558 and $1,468, respectively. Net unrealized appreciation for tax purposes is $150,090. |
ADR | American Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 817,278 | $ | 59,611 | $ | — | $ | 876,889 | ||||||||
Repurchase Agreement | — | 31,241 | — | 31,241 | ||||||||||||
Securities Lending Collateral | 46,842 | — | — | 46,842 | ||||||||||||
Total | $ | 864,120 | $ | 90,852 | $ | — | $ | 954,972 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 71
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 95.9% | ||||||||
Aerospace & Defense - 2.2% | ||||||||
BE Aerospace, Inc. ‡ | 157,075 | $ | 5,816 | |||||
Air Freight & Logistics - 1.8% | ||||||||
CH Robinson Worldwide, Inc. | 61,835 | 4,959 | ||||||
Auto Components - 4.5% | ||||||||
BorgWarner, Inc. ‡ | 108,565 | 7,856 | ||||||
Tenneco, Inc. ‡ | 105,365 | 4,337 | ||||||
Biotechnology - 3.3% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ | 71,355 | 5,748 | ||||||
Myriad Genetics, Inc. ‡ | 137,000 | 3,129 | ||||||
Capital Markets - 2.0% | ||||||||
T. Rowe Price Group, Inc. | 85,000 | 5,486 | ||||||
Chemicals - 6.8% | ||||||||
Albemarle Corp. | 127,240 | 7,098 | ||||||
CF Industries Holdings, Inc. | 42,265 | 5,712 | ||||||
Eastman Chemical Co. | 65,790 | 5,532 | ||||||
Commercial Services & Supplies - 1.9% | ||||||||
Stericycle, Inc. ‡ | 63,800 | 5,163 | ||||||
Communications Equipment - 4.6% | ||||||||
Ciena Corp. ‡ | 139,000 | 2,926 | ||||||
F5 Networks, Inc. ‡ | 43,561 | 5,670 | ||||||
Juniper Networks, Inc. ‡ | 105,070 | 3,879 | ||||||
Computers & Peripherals - 1.3% | ||||||||
NetApp, Inc. ‡ | 64,220 | 3,530 | ||||||
Electrical Equipment - 4.4% | ||||||||
AMETEK, Inc. | 95,000 | 3,729 | ||||||
Roper Industries, Inc. | 70,245 | 5,369 | ||||||
Sensata Technologies Holding NV ‡ | 101,000 | 3,041 | ||||||
Electronic Equipment & Instruments - 2.1% | ||||||||
Agilent Technologies, Inc. ‡ | 138,190 | 5,725 | ||||||
Energy Equipment & Services - 1.8% | ||||||||
Complete Production Services, Inc. ‡ | 160,880 | 4,754 | ||||||
Food & Staples Retailing - 1.8% | ||||||||
Whole Foods Market, Inc. ‡ | 97,058 | 4,910 | ||||||
Health Care Equipment & Supplies - 1.9% | ||||||||
Edwards Lifesciences Corp. ‡ | 62,870 | 5,082 | ||||||
Hotels, Restaurants & Leisure - 4.8% | ||||||||
Chipotle Mexican Grill, Inc. - Class A ‡^ | 10,890 | 2,316 | ||||||
Panera Bread Co. - Class A ‡^ | 48,140 | 4,872 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 95,045 | 5,776 | ||||||
Industrial Conglomerates - 1.8% | ||||||||
McDermott International, Inc. ‡ | 231,000 | 4,779 | ||||||
Internet Software & Services - 1.7% | ||||||||
SINA Corp. ‡ | 67,370 | 4,636 | ||||||
IT Services - 3.0% | ||||||||
Cognizant Technology Solutions Corp. - Class A ‡ | 45,455 | 3,331 | ||||||
Gartner, Inc. ‡ | 141,120 | 4,686 | ||||||
Leisure Equipment & Products - 1.2% | ||||||||
Polaris Industries, Inc. | 42,740 | 3,335 | ||||||
Life Sciences Tools & Services - 2.3% | ||||||||
Illumina, Inc. ‡ | 47,390 | 3,002 | ||||||
Mettler-Toledo International, Inc. ‡ | 22,000 | 3,326 | ||||||
Machinery - 3.2% | ||||||||
Actuant Corp. - Class A | 122,000 | 3,248 | ||||||
Cummins, Inc. | 49,225 | 5,415 | ||||||
Media - 2.0% | ||||||||
Virgin Media, Inc. | 197,591 | 5,382 | ||||||
Metals & Mining - 1.7% | ||||||||
Hecla Mining Co. ‡ | 134,000 | 1,509 | ||||||
Stillwater Mining Co. ‡ | 150,000 | 3,202 | ||||||
Oil, Gas & Consumable Fuels - 2.5% | ||||||||
Brigham Exploration Co. ‡ | 132,292 | 3,604 | ||||||
Noble Energy, Inc. | 37,000 | 3,185 | ||||||
Personal Products - 1.7% | ||||||||
Estee Lauder Cos., Inc. - Class A | 57,523 | 4,642 | ||||||
Pharmaceuticals - 3.4% | ||||||||
Endo Pharmaceuticals Holdings, Inc. ‡ | 73,370 | 2,620 | ||||||
Salix Pharmaceuticals, Ltd. ‡ | 62,610 | 2,940 | ||||||
Shire PLC ADR | 48,540 | 3,514 | ||||||
Professional Services - 2.0% | ||||||||
Monster Worldwide, Inc. ‡ | 223,000 | 5,269 | ||||||
Road & Rail - 2.0% | ||||||||
Kansas City Southern ‡ | 112,305 | 5,375 | ||||||
Software - 7.9% | ||||||||
Intuit, Inc. ‡ | 80,155 | 3,952 | ||||||
Red Hat, Inc. ‡ | 136,980 | 6,252 | ||||||
Salesforce.com, Inc. ‡ | 44,430 | 5,865 | ||||||
Successfactors, Inc. ‡ | 175,000 | 5,068 | ||||||
Specialty Retail - 4.4% | ||||||||
Abercrombie & Fitch Co. - Class A | 54,000 | 3,112 | ||||||
Dick’s Sporting Goods, Inc. ‡ | 94,000 | 3,525 | ||||||
Foot Locker, Inc. | 132,000 | 2,590 | ||||||
PetSmart, Inc. | 67,450 | 2,686 | ||||||
Textiles, Apparel & Luxury Goods - 8.9% | ||||||||
Coach, Inc. | 67,115 | 3,712 | ||||||
Deckers Outdoor Corp. ‡ | 45,110 | 3,597 | ||||||
Fossil, Inc. ‡ | 78,114 | 5,505 | ||||||
Lululemon Athletica, Inc. ‡ | 23,000 | 1,574 | ||||||
Phillips-Van Heusen Corp. | 56,013 | 3,529 | ||||||
Under Armour, Inc. - Class A ‡ | 105,350 | 5,777 | ||||||
Wireless Telecommunication Services - 1.0% | ||||||||
MetroPCS Communications, Inc. ‡ | 209,000 | 2,640 | ||||||
Total Common Stocks (cost $197,907) | 258,799 | |||||||
SECURITIES LENDING COLLATERAL - 0.7% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 1,768,730 | 1,769 | ||||||
Total Securities Lending Collateral (cost $1,769) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.8% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $2,094 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $2,139. | $ | 2,094 | 2,094 | |||||
Total Repurchase Agreement (cost $2,094) | ||||||||
Total Investment Securities (cost $201,770) # | 262,662 | |||||||
Other Assets and Liabilities - Net | 7,071 | |||||||
Net Assets | $ | 269,733 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 72
At December 31, 2010
(all amounts in thousands)
NOTES TO SCHEDULE OF INVESTMENTS: | ||
‡ | Non-income producing security. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $1,733. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $201,870. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $60,868 and $76, respectively. Net unrealized appreciation for tax purposes is $60,792. |
ADR | American Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 252,244 | $ | 6,555 | $ | — | $ | 258,799 | ||||||||
Repurchase Agreement | — | 2,094 | — | 2,094 | ||||||||||||
Securities Lending Collateral | 1,769 | — | — | 1,769 | ||||||||||||
Total | $ | 254,013 | $ | 8,649 | $ | — | $ | 262,662 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 73
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 95.3% | ||||||||
Chemicals - 2.3% | ||||||||
Kraton Performance Polymers, Inc. ‡ | 16,724 | $ | 518 | |||||
Zep, Inc. | 126,000 | 2,504 | ||||||
Commercial Banks - 7.2% | ||||||||
First Busey Corp. | 235,030 | 1,105 | ||||||
First Midwest Bancorp, Inc. | 159,400 | 1,836 | ||||||
Hancock Holding Co. | 19,300 | 673 | ||||||
International Bancshares Corp. | 83,300 | 1,668 | ||||||
MB Financial, Inc. | 70,400 | 1,219 | ||||||
Webster Financial Corp. | 108,300 | 2,134 | ||||||
Westamerica Bancorporation | 19,700 | 1,093 | ||||||
Commercial Services & Supplies - 4.5% | ||||||||
ACCO Brands Corp. ‡ | 180,200 | 1,535 | ||||||
G&K Services, Inc. - Class A | 9,600 | 297 | ||||||
Standard Parking Corp. ‡ | 59,900 | 1,132 | ||||||
United Stationers, Inc. ‡ | 48,400 | 3,088 | ||||||
Computers & Peripherals - 2.0% | ||||||||
Diebold, Inc. | 59,300 | 1,901 | ||||||
Electronics for Imaging, Inc. ‡ | 63,200 | 904 | ||||||
Construction & Engineering - 0.3% | ||||||||
Sterling Construction Co., Inc. ‡ | 35,000 | 456 | ||||||
Containers & Packaging - 1.3% | ||||||||
Aptargroup, Inc. | 37,900 | 1,803 | ||||||
Diversified Consumer Services - 1.1% | ||||||||
Matthews International Corp. - Class A | 43,800 | 1,532 | ||||||
Diversified Financial Services - 1.8% | ||||||||
Ares Capital Corp. | 144,500 | 2,381 | ||||||
Electric Utilities - 2.5% | ||||||||
Unisource Energy Corp. | 56,300 | 2,017 | ||||||
Westar Energy, Inc. | 54,200 | 1,364 | ||||||
Electrical Equipment - 4.0% | ||||||||
Acuity Brands, Inc. | 20,900 | 1,205 | ||||||
Belden, Inc. | 112,800 | 4,154 | ||||||
Electronic Equipment & Instruments - 2.0% | ||||||||
Coherent, Inc. ‡ | 20,400 | 921 | ||||||
MTS Systems Corp. | 34,532 | 1,294 | ||||||
Nam Tai Electronics, Inc. | 67,400 | 431 | ||||||
Energy Equipment & Services - 2.4% | ||||||||
Bristow Group, Inc. ‡ | 30,700 | 1,454 | ||||||
SEACOR Holdings, Inc. | 17,500 | 1,769 | ||||||
Food & Staples Retailing - 0.9% | ||||||||
Casey’s General Stores, Inc. | 28,800 | 1,224 | ||||||
Food Products - 1.1% | ||||||||
Snyders-Lance, Inc. | 63,000 | 1,477 | ||||||
Gas Utilities - 2.6% | ||||||||
Atmos Energy Corp. | 40,900 | 1,277 | ||||||
New Jersey Resources Corp. | 26,100 | 1,125 | ||||||
WGL Holdings, Inc. | 30,000 | 1,073 | ||||||
Health Care Equipment & Supplies - 1.7% | ||||||||
Haemonetics Corp. ‡ | 8,500 | 537 | ||||||
ICU Medical, Inc. ‡ | 48,200 | 1,759 | ||||||
Health Care Providers & Services - 2.7% | ||||||||
Amsurg Corp. - Class A ‡ | 84,200 | 1,763 | ||||||
Corvel Corp. ‡ | 29,100 | 1,407 | ||||||
Universal American Corp. | 25,600 | 524 | ||||||
Hotels, Restaurants & Leisure - 4.2% | ||||||||
Bally Technologies, Inc. ‡ | 28,700 | 1,211 | ||||||
CEC Entertainment, Inc. ‡ | 41,400 | 1,608 | ||||||
Choice Hotels International, Inc. | 38,500 | 1,473 | ||||||
Sonic Corp. ‡ | 136,300 | 1,379 | ||||||
Household Durables - 2.3% | ||||||||
Helen of Troy, Ltd. ‡ | 76,335 | 2,270 | ||||||
Tempur-Pedic International, Inc. ‡ | 21,400 | 857 | ||||||
Industrial Conglomerates - 3.1% | ||||||||
Carlisle Cos., Inc. | 106,400 | 4,228 | ||||||
Insurance - 8.2% | ||||||||
Alleghany Corp. | 3,300 | 1,011 | ||||||
Amerisafe, Inc. ‡ | 58,500 | 1,024 | ||||||
Assured Guaranty, Ltd. | 72,800 | 1,289 | ||||||
Delphi Financial Group, Inc. - Class A | 95,500 | 2,754 | ||||||
Platinum Underwriters Holdings, Ltd. | 47,700 | 2,145 | ||||||
Reinsurance Group of America, Inc. - Class A | 39,800 | 2,138 | ||||||
Validus Holdings, Ltd. | 25,776 | 789 | ||||||
Internet Software & Services - 1.2% | ||||||||
Websense, Inc. ‡ | 79,600 | 1,612 | ||||||
IT Services - 1.7% | ||||||||
MAXIMUS, Inc. | 34,900 | 2,289 | ||||||
Life Sciences Tools & Services - 3.6% | ||||||||
Charles River Laboratories International, Inc. ‡^ | 59,600 | 2,118 | ||||||
ICON PLC ADR ‡ | 117,800 | 2,581 | ||||||
Machinery - 4.8% | ||||||||
Albany International Corp. - Class A | 99,700 | 2,362 | ||||||
ESCO Technologies, Inc. | 44,100 | 1,669 | ||||||
Mueller Industries, Inc. | 69,400 | 2,269 | ||||||
Marine - 1.5% | ||||||||
Kirby Corp. ‡ | 46,700 | 2,057 | ||||||
Media - 2.4% | ||||||||
Arbitron, Inc. | 77,400 | 3,214 | ||||||
Office Electronics - 1.2% | ||||||||
Zebra Technologies Corp. - Class A ‡ | 42,200 | 1,603 | ||||||
Oil, Gas & Consumable Fuels - 2.0% | ||||||||
Penn Virginia Corp. | 78,842 | 1,326 | ||||||
SM Energy Co. | 22,400 | 1,320 | ||||||
Paper & Forest Products - 1.3% | ||||||||
Deltic Timber Corp. | 30,400 | 1,713 | ||||||
Personal Products - 1.3% | ||||||||
Herbalife, Ltd. | 24,400 | 1,668 | ||||||
Real Estate Investment Trusts - 3.2% | ||||||||
American Campus Communities, Inc. | 34,300 | 1,089 | ||||||
DiamondRock Hospitality Co. ‡ | 99,800 | 1,198 | ||||||
Education Realty Trust, Inc. | 142,300 | 1,106 | ||||||
Mack-Cali Realty Corp. | 26,600 | 879 | ||||||
Road & Rail - 1.9% | ||||||||
Genesee & Wyoming, Inc. - Class A ‡ | 49,100 | 2,600 | ||||||
Specialty Retail - 6.4% | ||||||||
Ascena Retail Group, Inc. ‡ | 64,300 | 1,699 | ||||||
Cato Corp. - Class A | 108,600 | 2,977 | ||||||
Hibbett Sports, Inc. ‡ | 19,500 | 720 | ||||||
Stage Stores, Inc. | 180,700 | 3,133 | ||||||
Textiles, Apparel & Luxury Goods - 0.6% | ||||||||
Unifirst Corp. | 14,100 | 776 | ||||||
Thrifts & Mortgage Finance - 2.5% | ||||||||
NewAlliance Bancshares, Inc. | 82,400 | 1,234 | ||||||
Northwest Bancshares, Inc. | 178,300 | 2,097 | ||||||
Trading Companies & Distributors - 1.5% | ||||||||
GATX Corp. | 57,500 | 2,029 | ||||||
Total Common Stocks (cost $106,869) | 128,068 | |||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 74
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 1.3% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 1,740,320 | $ | 1,740 | |||||
Total Securities Lending Collateral (cost $1,740) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.7% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 12/31/2010, to be repurchased at $6,316 on 01/03/2011. Collateralized by a U.S. Government Obligation, 0.63%, due 12/31/2012, with a value of $6,447. | $ | 6,316 | 6,316 | |||||
Total Repurchase Agreement (cost $6,316) | ||||||||
Total Investment Securities (cost $114,925) # | 136,124 | |||||||
Other Assets and Liabilities - Net | (1,697 | ) | ||||||
Net Assets | $ | 134,427 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
‡ | Non-income producing security. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $1,695. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $115,376. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $21,398 and $650, respectively. Net unrealized appreciation for tax purposes is $20,748. |
ADR | American Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 125,487 | $ | 2,581 | $ | — | $ | 128,068 | ||||||||
Repurchase Agreement | — | 6,316 | — | 6,316 | ||||||||||||
Securities Lending Collateral | 1,740 | — | — | 1,740 | ||||||||||||
Total | $ | 127,227 | $ | 8,897 | $ | — | $ | 136,124 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 75
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 98.2% | ||||||||
Aerospace & Defense - 1.0% | ||||||||
American Science & Engineering, Inc. ^ | 23,055 | $ | 1,965 | |||||
Ceradyne, Inc. ‡ | 20,100 | 634 | ||||||
Cubic Corp. | 11,200 | 528 | ||||||
Esterline Technologies Corp. ‡^ | 600 | 41 | ||||||
GenCorp, Inc. ‡^ | 56,900 | 294 | ||||||
Air Freight & Logistics - 0.8% | ||||||||
Atlas Air Worldwide Holdings, Inc. ‡^ | 23,200 | 1,295 | ||||||
Hub Group, Inc. - Class A ‡^ | 40,446 | 1,421 | ||||||
Park-Ohio Holdings Corp. ‡^ | 1,800 | 38 | ||||||
Airlines - 0.5% | ||||||||
Alaska Air Group, Inc. ‡ | 14,900 | 845 | ||||||
JetBlue Airways Corp. ‡^ | 63,900 | 422 | ||||||
Pinnacle Airlines Corp. ‡^ | 7,300 | 58 | ||||||
U.S. Airways Group, Inc. ‡^ | 36,300 | 363 | ||||||
Auto Components - 0.5% | ||||||||
American Axle & Manufacturing Holdings, Inc. ‡^ | 55,800 | 718 | ||||||
Fuel Systems Solutions, Inc. ‡ | 21,796 | 640 | ||||||
Motorcar Parts of America, Inc. ‡^ | 3,000 | 39 | ||||||
Spartan Motors, Inc. ^ | 5,900 | 36 | ||||||
Standard Motor Products, Inc. | 10,000 | 137 | ||||||
Beverages - 0.0% ∞ | ||||||||
Coca-Cola Bottling Co., Consolidated ^ | 1,200 | 67 | ||||||
MGP Ingredients, Inc. ^ | 5,100 | 56 | ||||||
Biotechnology - 4.0% | ||||||||
Acorda Therapeutics, Inc. ‡^ | 78,355 | 2,136 | ||||||
Alexion Pharmaceuticals, Inc. ‡^ | 32,154 | 2,591 | ||||||
BioMarin Pharmaceutical, Inc. ‡ | 88,350 | 2,379 | ||||||
Genomic Health, Inc. ‡^ | 108,695 | 2,325 | ||||||
Martek Biosciences Corp. ‡^ | 11,500 | 360 | ||||||
RTI Biologics, Inc. ‡^ | 316,448 | 845 | ||||||
Savient Pharmaceuticals, Inc. ‡^ | 59,380 | 661 | ||||||
United Therapeutics Corp. ‡^ | 32,230 | 2,038 | ||||||
Vanda Pharmaceuticals, Inc. ‡^ | 35,500 | 336 | ||||||
Building Products - 0.1% | ||||||||
Gibraltar Industries, Inc. ‡^ | 35,500 | 482 | ||||||
Capital Markets - 0.7% | ||||||||
American Capital, Ltd. ‡ | 32,400 | 245 | ||||||
Arlington Asset Investment Corp. - Class A | 14,800 | 355 | ||||||
BGC Partners, Inc. - Class A ^ | 85,800 | 713 | ||||||
Calamos Asset Management, Inc. - Class A ^ | 10,400 | 146 | ||||||
TICC Capital Corp. ^ | 87,600 | 982 | ||||||
Chemicals - 2.1% | ||||||||
Balchem Corp. ^ | 31,588 | 1,068 | ||||||
Innospec, Inc. ‡ | 6,000 | 122 | ||||||
Kraton Performance Polymers, Inc. ‡ | 11,800 | 365 | ||||||
LSB Industries, Inc. ‡^ | 45,953 | 1,115 | ||||||
Minerals Technologies, Inc. | 4,800 | 314 | ||||||
OM Group, Inc. ‡^ | 22,500 | 866 | ||||||
Omnova Solutions, Inc. ‡^ | 15,700 | 131 | ||||||
Rockwood Holdings, Inc. ‡ | 10,000 | 391 | ||||||
Solutia, Inc. ‡ | 30,330 | 700 | ||||||
Zep, Inc. ^ | 92,600 | 1,842 | ||||||
Commercial Banks - 5.5% | ||||||||
1st Source Corp. ^ | 7,700 | 156 | ||||||
Banco Latinoamericano de Comercio Exterior SA - Class E | 57,500 | 1,061 | ||||||
Bancorp, Inc. ‡^ | 26,100 | 265 | ||||||
Bank of Hawaii Corp. ^ | 9,100 | 430 | ||||||
Boston Private Financial Holdings, Inc. ^ | 21,200 | 139 | ||||||
Camden National Corp. | 2,400 | 87 | ||||||
Century Bancorp, Inc. - Class A ^ | 1,200 | 32 | ||||||
Citizens & Northern Corp. | 4,200 | 62 | ||||||
City Holding Co. ^ | 4,800 | 174 | ||||||
Community Bank System, Inc. ^ | 49,300 | 1,370 | ||||||
CVB Financial Corp. ^ | 52,700 | 457 | ||||||
Dime Community Bancshares, Inc. ^ | 19,000 | 277 | ||||||
Enterprise Financial Services Corp. | 6,500 | 68 | ||||||
Financial Institutions, Inc. ^ | 3,600 | 68 | ||||||
First Busey Corp. | 160,772 | 756 | ||||||
First Citizens BancShares, Inc. - Class A | 1,500 | 284 | ||||||
First Defiance Financial Corp. ‡^ | 5,500 | 65 | ||||||
First Financial Bancorp ^ | 9,400 | 174 | ||||||
First Financial Bankshares, Inc. ^ | 10,100 | 517 | ||||||
First Financial Corp. | 3,500 | 123 | ||||||
First Midwest Bancorp, Inc. ^ | 117,100 | 1,349 | ||||||
Fulton Financial Corp. ^ | 46,000 | 476 | ||||||
Great Southern Bancorp, Inc. | 4,200 | 99 | ||||||
Hancock Holding Co. ^ | 14,600 | 509 | ||||||
Independent Bank Corp. ^ | 3,000 | 81 | ||||||
International Bancshares Corp. ^ | 62,900 | 1,260 | ||||||
Lakeland Bancorp, Inc. ^ | 8,400 | 92 | ||||||
Lakeland Financial Corp. ^ | 9,500 | 204 | ||||||
MainSource Financial Group, Inc. | 4,800 | 50 | ||||||
MB Financial, Inc. ^ | 53,900 | 934 | ||||||
NBT Bancorp, Inc. ^ | 1,200 | 29 | ||||||
Northrim BanCorp, Inc. ^ | 2,500 | 48 | ||||||
OceanFirst Financial Corp. ^ | 19,400 | 250 | ||||||
Old National Bancorp ^ | 62,100 | 738 | ||||||
Orrstown Financial Services, Inc. ^ | 1,200 | 33 | ||||||
Park National Corp. ^ | 9,400 | 683 | ||||||
S&T Bancorp, Inc. | 4,300 | 97 | ||||||
SCBT Financial Corp. ^ | 5,400 | 177 | ||||||
Southwest Bancorp, Inc. ‡ | 4,200 | 52 | ||||||
State Bancorp, Inc. ^ | 3,100 | 29 | ||||||
Suffolk Bancorp ^ | 7,100 | 175 | ||||||
Sun Bancorp, Inc. ‡^ | 9,900 | 46 | ||||||
SY Bancorp, Inc. ^ | 8,900 | 218 | ||||||
Tompkins Financial Corp. ^ | 1,200 | 47 | ||||||
Trustco Bank Corp. ^ | 22,000 | 139 | ||||||
UMB Financial Corp. ^ | 3,600 | 149 | ||||||
United Bankshares, Inc. ^ | 26,100 | 762 | ||||||
Virginia Commerce Bancorp, Inc. ‡^ | 5,400 | 33 | ||||||
Washington Trust Bancorp, Inc. ^ | 6,000 | 131 | ||||||
Webster Financial Corp. ^ | 109,300 | 2,154 | ||||||
WesBanco, Inc. ^ | 3,100 | 59 | ||||||
West Bancorporation, Inc. ^ | 4,600 | 36 | ||||||
Westamerica Bancorporation ^ | 13,800 | 765 | ||||||
WSFS Financial Corp. ^ | 4,800 | 228 | ||||||
Commercial Services & Supplies - 2.5% | ||||||||
ACCO Brands Corp. ‡^ | 140,300 | 1,195 | ||||||
Compass Diversified Holdings | 30,300 | 536 | ||||||
Consolidated Graphics, Inc. ‡^ | 3,000 | 145 | ||||||
G&K Services, Inc. - Class A ^ | 10,953 | 339 | ||||||
Kforce, Inc. ‡^ | 60,325 | 976 | ||||||
Rollins, Inc. ^ | 38,187 | 754 | ||||||
Standard Parking Corp. ‡ | 46,888 | 886 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 76
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||||||
Commercial Services & Supplies (continued) | ||||||||||||
Sykes Enterprises, Inc. ‡^ | 52,451 | $ | 1,063 | |||||||||
United Stationers, Inc. ‡^ | 34,000 | 2,169 | ||||||||||
U.S. Ecology, Inc. | 3,600 | 63 | ||||||||||
Communications Equipment - 3.2% | ||||||||||||
Arris Group, Inc. ‡^ | 20,600 | 231 | ||||||||||
Black Box Corp. ^ | 5,900 | 226 | ||||||||||
Finisar Corp. ‡^ | 103,411 | 3,071 | ||||||||||
InterDigital, Inc. ‡^ | 18,400 | 766 | ||||||||||
Oclaro, Inc. ‡^ | 128,905 | 1,695 | ||||||||||
Oplink Communications, Inc. ‡^ | 74,309 | 1,372 | ||||||||||
Polycom, Inc. ‡^ | 24,870 | 969 | ||||||||||
Riverbed Technology, Inc. ‡ | 76,970 | 2,708 | ||||||||||
Symmetricom, Inc. ‡ | 8,500 | 60 | ||||||||||
Computers & Peripherals - 0.9% | ||||||||||||
Diebold, Inc. ^ | 44,300 | 1,421 | ||||||||||
Electronics for Imaging, Inc. ‡^ | 46,427 | 664 | ||||||||||
Imation Corp. ‡^ | 71,000 | 732 | ||||||||||
STEC Inc. ‡^ | 19,400 | 342 | ||||||||||
Construction & Engineering - 0.2% | ||||||||||||
Great Lakes Dredge & Dock Corp. ^ | 72,200 | 532 | ||||||||||
Sterling Construction Co., Inc. ‡^ | 24,600 | 321 | ||||||||||
Consumer Finance - 1.5% | ||||||||||||
Advance America Cash Advance Centers, Inc. ^ | 98,600 | 556 | ||||||||||
Ezcorp, Inc. - Class A ‡^ | 98,895 | 2,683 | ||||||||||
World Acceptance Corp. ‡^ | 36,225 | 1,913 | ||||||||||
Containers & Packaging - 0.6% | ||||||||||||
Aptargroup, Inc. ^ | 26,500 | 1,261 | ||||||||||
Rock-Tenn Co. - Class A ^ | 16,310 | 880 | ||||||||||
Distributors - 0.5% | ||||||||||||
Audiovox Corp. - Class A ‡^ | 8,300 | 72 | ||||||||||
Core-Mark Holding Co., Inc. ‡^ | 7,700 | 274 | ||||||||||
LKQ Corp. ‡^ | 61,380 | 1,394 | ||||||||||
Diversified Consumer Services - 2.2% | ||||||||||||
American Public Education, Inc. ‡^ | 27,405 | 1,021 | ||||||||||
Capella Education Co. ‡^ | 15,599 | 1,039 | ||||||||||
Career Education Corp. ‡^ | 18,200 | 377 | ||||||||||
Coinstar, Inc. ‡^ | 42,940 | 2,423 | ||||||||||
Matthews International Corp. - Class A ^ | 35,300 | 1,235 | ||||||||||
Steiner Leisure, Ltd. ‡^ | 27,074 | 1,264 | ||||||||||
Diversified Financial Services - 2.9% | ||||||||||||
Ares Capital Corp. | 107,000 | 1,763 | ||||||||||
BlackRock Kelso Capital Corp. ^ | 10,700 | 118 | ||||||||||
Cash America International, Inc. ^ | 33,720 | 1,245 | ||||||||||
Encore Capital Group, Inc. ‡^ | 63,608 | 1,492 | ||||||||||
First Cash Financial Services, Inc. ‡^ | 67,570 | 2,095 | ||||||||||
Gladstone Capital Corp. ^ | 2,900 | 33 | ||||||||||
Hercules Technology Growth Capital, Inc. ^ | 5,600 | 58 | ||||||||||
Kayne Anderson Energy Development Co. ^ | 5,400 | 97 | ||||||||||
Marlin Business Services Corp. ‡^ | 3,600 | 46 | ||||||||||
MCG Capital Corp. ^ | 26,600 | 185 | ||||||||||
Medallion Financial Corp. ^ | 3,800 | 31 | ||||||||||
NewStar Financial, Inc. ‡^ | 8,900 | 94 | ||||||||||
Oppenheimer Holdings, Inc. - Class A ^ | 1,200 | 31 | ||||||||||
Portfolio Recovery Associates, Inc. ‡^ | 32,499 | 2,445 | ||||||||||
QC Holdings, Inc. | 9,100 | 34 | ||||||||||
Diversified Telecommunication Services - 0.1% | ||||||||||||
Neutral Tandem, Inc. ‡ | 1,800 | 26 | ||||||||||
Surewest Communications ‡^ | 16,600 | 178 | ||||||||||
Vonage Holdings Corp. ‡ | 92,600 | 207 | ||||||||||
Electric Utilities - 1.7% | ||||||||||||
Cleco Corp. ^ | 7,300 | 225 | ||||||||||
El Paso Electric Co. ‡^ | 51,800 | 1,426 | ||||||||||
NGP Capital Resources Co. ^ | 7,100 | 65 | ||||||||||
Unisource Energy Corp. ^ | 76,700 | 2,748 | ||||||||||
Westar Energy, Inc. ^ | 41,000 | 1,032 | ||||||||||
Electrical Equipment - 2.9% | ||||||||||||
Acuity Brands, Inc. ^ | 15,200 | 877 | ||||||||||
AO Smith Corp. ^ | 3,600 | 137 | ||||||||||
Belden, Inc. ‡^ | 91,500 | 3,368 | ||||||||||
General Cable Corp. ‡ | 43,775 | 1,536 | ||||||||||
GrafTech International, Ltd. ‡ | 79,505 | 1,577 | ||||||||||
Thomas & Betts Corp. ‡ | 10,800 | 522 | ||||||||||
Ultralife Corp. ‡ | 6,000 | 40 | ||||||||||
Woodward Governor Co. ^ | 44,663 | 1,678 | ||||||||||
Electronic Equipment & Instruments - 2.1% | ||||||||||||
Anixter International, Inc. ^ | 2,400 | 143 | ||||||||||
Avnet, Inc. ‡^ | 51,715 | 1,709 | ||||||||||
AVX Corp. ^ | 36,900 | 569 | ||||||||||
Coherent, Inc. ‡ | 15,200 | 686 | ||||||||||
CTS Corp. ^ | 13,000 | 144 | ||||||||||
Insight Enterprises, Inc. ‡^ | 2,600 | 34 | ||||||||||
LoJack Corp. ‡ | 6,000 | 39 | ||||||||||
Measurement Specialties, Inc. ‡ | 2,400 | 70 | ||||||||||
MTS Systems Corp. ^ | 26,400 | 989 | ||||||||||
Multi-Fineline Electronix, Inc. ‡ | 41,052 | 1,087 | ||||||||||
Nam Tai Electronics, Inc. ^ | 46,300 | 296 | ||||||||||
RadiSys Corp. ‡^ | 21,300 | 190 | ||||||||||
Tech Data Corp. ‡ | 7,100 | 313 | ||||||||||
Vishay Intertechnology, Inc. ‡^ | 57,500 | 844 | ||||||||||
Energy Equipment & Services - 2.9% | ||||||||||||
Bristow Group, Inc. ‡^ | 21,600 | 1,023 | ||||||||||
Bronco Drilling Co., Inc. ‡^ | 13,600 | 109 | ||||||||||
Carbo Ceramics, Inc. ^ | 14,770 | 1,529 | ||||||||||
Complete Production Services, Inc. ‡^ | 60,400 | 1,785 | ||||||||||
Dril-Quip, Inc. ‡^ | 16,485 | 1,281 | ||||||||||
Hercules Offshore, Inc. ‡ | 91,600 | 317 | ||||||||||
Lufkin Industries, Inc. ^ | 27,745 | 1,731 | ||||||||||
Oil States International, Inc. ‡^ | 10,600 | 679 | ||||||||||
SEACOR Holdings, Inc. ^ | 12,900 | 1,304 | ||||||||||
Food & Staples Retailing - 0.7% | ||||||||||||
Andersons, Inc. ^ | 1,300 | 47 | ||||||||||
Casey’s General Stores, Inc. ^ | 36,100 | 1,536 | ||||||||||
Nash Finch Co. ^ | 6,100 | 259 | ||||||||||
Pantry, Inc. ‡ | 11,200 | 222 | ||||||||||
Susser Holdings Corp. ‡ | 15,400 | 213 | ||||||||||
Food Products - 0.4% | ||||||||||||
B&G Foods, Inc. - Class A ^ | 10,600 | 146 | ||||||||||
Hain Celestial Group, Inc. ‡^ | 1,800 | 49 | ||||||||||
John B. Sanfilippo & Son, Inc. ‡ | 3,000 | 37 | ||||||||||
Snyders-Lance, Inc. ^ | 48,400 | 1,134 | ||||||||||
Gas Utilities - 1.3% | ||||||||||||
Atmos Energy Corp. ^ | 31,400 | 979 | ||||||||||
Chesapeake Utilities Corp. ^ | 9,400 | 390 | ||||||||||
New Jersey Resources Corp. ^ | 18,372 | 792 | ||||||||||
Nicor, Inc. ^ | 17,800 | 889 | ||||||||||
Northwest Natural Gas Co. | 1,800 | 84 | ||||||||||
Southwest Gas Corp. ^ | 16,200 | 594 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 77
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Gas Utilities (continued) | ||||||||
WGL Holdings, Inc. ^ | 21,000 | $ | 751 | |||||
Health Care Equipment & Supplies - 3.2% | ||||||||
Cooper Cos., Inc. | 1,800 | 101 | ||||||
Cyberonics, Inc. ‡^ | 3,200 | 99 | ||||||
Haemonetics Corp. ‡^ | 8,100 | 512 | ||||||
Hill-Rom Holdings, Inc. ^ | 14,800 | 583 | ||||||
ICU Medical, Inc. ‡^ | 36,000 | 1,314 | ||||||
Insulet Corp. ‡^ | 120,673 | 1,870 | ||||||
Invacare Corp. ^ | 34,700 | 1,047 | ||||||
Nutraceutical International Corp. ‡ | 2,400 | 34 | ||||||
NxStage Medical, Inc. ‡^ | 99,456 | 2,474 | ||||||
Sirona Dental Systems, Inc. ‡^ | 600 | 25 | ||||||
SonoSite, Inc. ‡^ | 51,565 | 1,629 | ||||||
Spectranetics Corp. ‡^ | 206,314 | 1,065 | ||||||
STERIS Corp. | 6,000 | 219 | ||||||
Health Care Providers & Services - 1.7% | ||||||||
Amsurg Corp. - Class A ‡^ | 63,600 | 1,332 | ||||||
Corvel Corp. ‡^ | 24,200 | 1,170 | ||||||
Five Star Quality Care, Inc. ‡^ | 74,000 | 523 | ||||||
Health Management Associates, Inc. - Class A ‡^ | 8,300 | 79 | ||||||
HMS Holdings Corp. ‡^ | 17,455 | 1,131 | ||||||
Magellan Health Services, Inc. ‡ | 17,800 | 842 | ||||||
PDI, Inc. ‡ | 3,000 | 32 | ||||||
PharMerica Corp. ‡^ | 20,000 | 229 | ||||||
Providence Service Corp. ‡ | 4,200 | 67 | ||||||
U.S. Physical Therapy, Inc. ‡ | 5,500 | 109 | ||||||
Universal American Corp. ^ | 18,200 | 372 | ||||||
Hotels, Restaurants & Leisure - 2.8% | ||||||||
Bally Technologies, Inc. ‡^ | 21,100 | 890 | ||||||
BJ’s Restaurants, Inc. ‡^ | 28,373 | 1,005 | ||||||
CEC Entertainment, Inc. ‡^ | 31,300 | 1,216 | ||||||
Cheesecake Factory, Inc. ‡^ | 21,900 | 671 | ||||||
Chipotle Mexican Grill, Inc. ‡^ | 3,204 | 681 | ||||||
Choice Hotels International, Inc. ^ | 29,300 | 1,121 | ||||||
Isle of Capri Casinos, Inc. ‡^ | 9,100 | 93 | ||||||
O’Charley’s, Inc. ‡^ | 26,300 | 189 | ||||||
Panera Bread Co. - Class A ‡^ | 10,025 | 1,015 | ||||||
PF Chang’s China Bistro, Inc. ^ | 1,200 | 58 | ||||||
Red Lion Hotels Corp. ‡^ | 4,300 | 34 | ||||||
Ruby Tuesday, Inc. ‡^ | 49,700 | 649 | ||||||
Sonic Corp. ‡^ | 113,600 | 1,151 | ||||||
WMS Industries, Inc. ‡ | 14,955 | 677 | ||||||
Household Durables - 1.7% | ||||||||
Beazer Homes USA, Inc. ‡^ | 27,800 | 150 | ||||||
Blyth, Inc. ^ | 9,700 | 334 | ||||||
Furniture Brands International, Inc. ‡^ | 10,000 | 51 | ||||||
Helen of Troy, Ltd. ‡^ | 65,900 | 1,959 | ||||||
Hovnanian Enterprises, Inc. - Class A ‡^ | 10,900 | 45 | ||||||
Lifetime Brands, Inc. ‡ | 5,000 | 70 | ||||||
Ryland Group, Inc. ^ | 1,800 | 31 | ||||||
Standard Pacific Corp. ‡^ | 237,100 | 1,091 | ||||||
Tempur-Pedic International, Inc. ‡^ | 17,650 | 707 | ||||||
Tupperware Brands Corp. ^ | 27,410 | 1,307 | ||||||
Household Products - 0.1% | ||||||||
Central Garden & Pet Co. - Class A ‡^ | 40,300 | 398 | ||||||
Industrial Conglomerates - 0.9% | ||||||||
Carlisle Cos., Inc. ^ | 78,500 | 3,119 | ||||||
Standex International Corp. | 1,800 | 54 | ||||||
Insurance - 4.3% | ||||||||
Alleghany Corp. | 2,556 | 783 | ||||||
Allied World Assurance Co. Holdings, Ltd. ^ | 8,900 | 529 | ||||||
American Equity Investment Life Holding Co. ^ | 104,700 | 1,314 | ||||||
Amerisafe, Inc. ‡^ | 45,500 | 796 | ||||||
Amtrust Financial Services, Inc. ^ | 8,300 | 145 | ||||||
Aspen Insurance Holdings, Ltd. ^ | 7,800 | 223 | ||||||
Assured Guaranty, Ltd. ^ | 51,100 | 904 | ||||||
Crawford & Co. - Class B ‡ | 11,300 | 38 | ||||||
Delphi Financial Group, Inc. - Class A ^ | 70,028 | 2,020 | ||||||
Employers Holdings, Inc. ^ | 3,600 | 63 | ||||||
Enstar Group, Ltd. ‡^ | 7,700 | 651 | ||||||
FPIC Insurance Group, Inc. ‡^ | 5,900 | 218 | ||||||
Montpelier Re Holdings, Ltd. ^ | 71,400 | 1,424 | ||||||
National Financial Partners Corp. ‡^ | 14,600 | 196 | ||||||
Phoenix Cos., Inc. ‡^ | 34,800 | 88 | ||||||
Platinum Underwriters Holdings, Ltd. ^ | 62,300 | 2,803 | ||||||
Reinsurance Group of America, Inc. - Class A ^ | 29,500 | 1,584 | ||||||
Unitrin, Inc. | 12,100 | 297 | ||||||
Validus Holdings, Ltd. ^ | 19,760 | 605 | ||||||
Internet & Catalog Retail - 0.4% | ||||||||
PetMed Express, Inc. ^ | 80,625 | 1,436 | ||||||
Internet Software & Services - 2.2% | ||||||||
comScore, Inc. ‡^ | 79,130 | 1,764 | ||||||
EarthLink, Inc. ^ | 140,300 | 1,207 | ||||||
J2 Global Communications, Inc. ‡^ | 47,065 | 1,363 | ||||||
Moduslink Global Solutions, Inc. ‡^ | 15,500 | 104 | ||||||
TheStreet.com, Inc. ^ | 13,300 | 36 | ||||||
Valueclick, Inc. ‡^ | 33,100 | 531 | ||||||
VistaPrint NV ‡^ | 29,450 | 1,355 | ||||||
Websense, Inc. ‡^ | 61,400 | 1,243 | ||||||
IT Services - 2.1% | ||||||||
Acxiom Corp. ‡^ | 20,100 | 345 | ||||||
Ciber, Inc. ‡^ | 22,800 | 107 | ||||||
MAXIMUS, Inc. ^ | 45,996 | 3,015 | ||||||
Ness Technologies, Inc. ‡^ | 6,000 | 36 | ||||||
VeriFone Holdings, Inc. ‡^ | 59,795 | 2,306 | ||||||
Virtusa Corp. ‡^ | 74,422 | 1,218 | ||||||
Leisure Equipment & Products - 0.4% | ||||||||
Arctic Cat, Inc. ‡^ | 19,800 | 290 | ||||||
Jakks Pacific, Inc. ‡^ | 61,600 | 1,122 | ||||||
Multimedia Games, Inc. ‡^ | 6,100 | 34 | ||||||
Sturm Ruger & Co., Inc. | 3,000 | 46 | ||||||
Life Sciences Tools & Services - 1.0% | ||||||||
Charles River Laboratories International, Inc. ‡^ | 44,100 | 1,567 | ||||||
ICON PLC ADR ‡^ | 86,100 | 1,886 | ||||||
Machinery - 4.1% | ||||||||
Albany International Corp. - Class A ^ | 69,900 | 1,656 | ||||||
Altra Holdings, Inc. ‡^ | 9,100 | 181 | ||||||
Briggs & Stratton Corp. ^ | 7,900 | 156 | ||||||
Clarcor, Inc. ^ | 41,570 | 1,783 | ||||||
Crane Co. | 9,700 | 398 | ||||||
EnPro Industries, Inc. ‡^ | 27,256 | 1,133 | ||||||
ESCO Technologies, Inc. ^ | 31,000 | 1,173 | ||||||
Hardinge, Inc. ^ | 3,000 | 29 | ||||||
Kadant, Inc. ‡ | 9,000 | 212 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 78
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Machinery (continued) | ||||||||
Miller Industries, Inc. ^ | 5,900 | $ | 84 | |||||
Mueller Industries, Inc. | 56,200 | 1,839 | ||||||
Nacco Industries, Inc. - Class A ^ | 6,500 | 704 | ||||||
Oshkosh Corp. ‡^ | 17,600 | 620 | ||||||
Toro Co. ^ | 24,760 | 1,526 | ||||||
Twin Disc, Inc. ^ | 4,200 | 125 | ||||||
Wabtec Corp. ^ | 25,820 | 1,366 | ||||||
Watts Water Technologies, Inc. - Class A ^ | 21,300 | 779 | ||||||
Xerium Technologies, Inc. | 2,400 | 38 | ||||||
Marine - 0.4% | ||||||||
Kirby Corp. ‡^ | 34,800 | 1,533 | ||||||
Media - 1.2% | ||||||||
AH Belo Corp ‡^ | 33,600 | 292 | ||||||
Arbitron, Inc. ^ | 57,200 | 2,375 | ||||||
Harte-Hanks, Inc. ^ | 11,200 | 143 | ||||||
Morningstar, Inc. ^ | 16,905 | 897 | ||||||
Valassis Communications, Inc. ‡^ | 14,400 | 466 | ||||||
Metals & Mining - 0.9% | ||||||||
Haynes International, Inc. ^ | 2,400 | 100 | ||||||
Hecla Mining Co. ‡^ | 142,700 | 1,607 | ||||||
Worthington Industries, Inc. ^ | 67,620 | 1,244 | ||||||
Multiline Retail - 1.3% | ||||||||
99 Cents Only Stores ‡^ | 91,637 | 1,461 | ||||||
Big Lots, Inc. ‡^ | 47,260 | 1,440 | ||||||
Dillard’s, Inc. - Class A ^ | 30,800 | 1,169 | ||||||
Retail Ventures, Inc. ‡^ | 16,400 | 267 | ||||||
Stein Mart, Inc. ^ | 11,400 | 105 | ||||||
Multi-Utilities - 0.1% | ||||||||
NorthWestern Corp. ^ | 13,900 | 401 | ||||||
Office Electronics - 0.3% | ||||||||
Zebra Technologies Corp. - Class A ‡ | 30,800 | 1,170 | ||||||
Oil, Gas & Consumable Fuels - 3.1% | ||||||||
Brigham Exploration Co. ‡^ | 65,550 | 1,786 | ||||||
Cloud Peak Energy, Inc. ‡^ | 27,800 | 646 | ||||||
International Coal Group, Inc. ‡^ | 231,735 | 1,793 | ||||||
Penn Virginia Corp. ^ | 58,000 | 976 | ||||||
PetroQuest Energy, Inc. ‡ | 40,300 | 303 | ||||||
SM Energy Co. ^ | 17,400 | 1,025 | ||||||
Stone Energy Corp. ‡^ | 26,400 | 588 | ||||||
W&T Offshore, Inc. ^ | 71,900 | 1,285 | ||||||
Western Refining, Inc. ‡^ | 51,700 | 547 | ||||||
World Fuel Services Corp. ^ | 45,922 | 1,661 | ||||||
Paper & Forest Products - 1.0% | ||||||||
Buckeye Technologies, Inc. ^ | 23,800 | 500 | ||||||
Deltic Timber Corp. ^ | 23,000 | 1,296 | ||||||
Domtar Corp. ^ | 13,000 | 987 | ||||||
KapStone Paper and Packaging Corp. ‡^ | 49,700 | 760 | ||||||
Personal Products - 0.4% | ||||||||
Herbalife, Ltd. ^ | 19,300 | 1,320 | ||||||
Pharmaceuticals - 2.5% | ||||||||
Auxilium Pharmaceuticals, Inc. ‡^ | 78,790 | 1,662 | ||||||
Impax Laboratories, Inc. ‡^ | 3,000 | 60 | ||||||
Inspire Pharmaceuticals, Inc. ‡^ | 303,400 | 2,550 | ||||||
Medicis Pharmaceutical Corp. - Class A ^ | 41,000 | 1,098 | ||||||
Par Pharmaceutical Cos., Inc. ‡^ | 16,000 | 616 | ||||||
Salix Pharmaceuticals, Ltd. ‡^ | 49,225 | 2,312 | ||||||
ViroPharma, Inc. ‡^ | 4,300 | 74 | ||||||
Professional Services - 0.0% ∞ | ||||||||
Navigant Consulting, Inc. ‡^ | 6,000 | 55 | ||||||
On Assignment, Inc. ‡^ | 5,500 | 45 | ||||||
Real Estate Investment Trusts - 4.5% | ||||||||
American Campus Communities, Inc. ^ | 24,000 | 762 | ||||||
Arbor Realty Trust, Inc. ‡ | 15,400 | 92 | ||||||
Ashford Hospitality Trust, Inc. ‡^ | 34,300 | 331 | ||||||
Associated Estates Realty Corp. ^ | 6,800 | 104 | ||||||
BRT Realty Trust ‡ | 4,300 | 31 | ||||||
CapLease, Inc. ^ | 42,100 | 245 | ||||||
CBL & Associates Properties, Inc. ^ | 8,900 | 156 | ||||||
Colonial Properties Trust ^ | 86,600 | 1,564 | ||||||
DiamondRock Hospitality Co. ‡^ | 78,352 | 940 | ||||||
Education Realty Trust, Inc. ^ | 99,800 | 775 | ||||||
Extra Space Storage, Inc. ^ | 74,900 | 1,303 | ||||||
Felcor Lodging Trust, Inc. ‡^ | 90,000 | 634 | ||||||
First Potomac Realty Trust ^ | 8,700 | 146 | ||||||
Getty Realty Corp. ^ | 38,500 | 1,204 | ||||||
Hersha Hospitality Trust - Class A ^ | 16,800 | 111 | ||||||
Lexington Realty Trust ^ | 59,300 | 471 | ||||||
Mack-Cali Realty Corp. ^ | 18,700 | 618 | ||||||
Mission West Properties, Inc. ^ | 19,100 | 128 | ||||||
Monmouth Real Estate Investment Corp. - Class A ^ | 10,500 | 89 | ||||||
National Health Investors, Inc. ^ | 25,000 | 1,126 | ||||||
Newcastle Investment Corp. ‡ | 25,200 | 169 | ||||||
One Liberty Properties, Inc. ^ | 25,800 | 431 | ||||||
Post Properties, Inc. ^ | 26,600 | 966 | ||||||
PS Business Parks, Inc. ^ | 1,800 | 100 | ||||||
Sovran Self Storage, Inc. | 6,500 | 239 | ||||||
Sun Communities, Inc. ^ | 14,200 | 473 | ||||||
UMH Properties, Inc. ^ | 10,800 | 110 | ||||||
U-Store-It Trust ^ | 144,500 | 1,377 | ||||||
Winthrop Realty Trust ^ | 45,600 | 583 | ||||||
Road & Rail - 1.2% | ||||||||
Amerco, Inc. ‡^ | 13,600 | 1,306 | ||||||
Genesee & Wyoming, Inc.- Class A ‡^ | 36,100 | 1,911 | ||||||
Landstar System, Inc. ^ | 21,880 | 896 | ||||||
Semiconductors & Semiconductor Equipment - 3.7% | ||||||||
Atheros Communications, Inc. ‡^ | 36,621 | 1,315 | ||||||
Cavium Networks, Inc. ‡^ | 53,066 | 2,000 | ||||||
DSP Group, Inc. ‡^ | 6,700 | 55 | ||||||
Fairchild Semiconductor International, Inc. - Class A ‡ | 36,700 | 573 | ||||||
Mellanox Technologies, Ltd. ‡^ | 32,202 | 843 | ||||||
Micrel, Inc. ^ | 25,500 | 331 | ||||||
Microsemi Corp. ‡^ | 95,625 | 2,189 | ||||||
Photronics, Inc. ‡^ | 53,400 | 316 | ||||||
RF Micro Devices, Inc. ‡^ | 203,950 | 1,499 | ||||||
Skyworks Solutions, Inc. ‡^ | 86,805 | 2,484 | ||||||
Veeco Instruments, Inc. ‡^ | 22,727 | 976 | ||||||
Software - 2.6% | ||||||||
Ariba, Inc. ‡^ | 76,910 | 1,806 | ||||||
Epicor Software Corp. ‡ | 44,000 | 444 | ||||||
Micros Systems, Inc. ‡^ | 23,450 | 1,029 | ||||||
Netscout Systems, Inc. ‡^ | 75,462 | 1,736 | ||||||
Parametric Technology Corp. ‡^ | 46,095 | 1,039 | ||||||
Progress Software Corp. ‡^ | 33,900 | 1,435 | ||||||
Taleo Corp. - Class A ‡^ | 48,464 | 1,340 | ||||||
Specialty Retail - 4.7% | ||||||||
Casual Male Retail Group, Inc. ‡ | 16,200 | 77 | ||||||
Cato Corp. - Class A | 128,664 | 3,526 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 79
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Specialty Retail (continued) | ||||||||
Chico’s FAS, Inc. ^ | 109,585 | $ | 1,318 | |||||
Collective Brands, Inc. ‡^ | 1,200 | 25 | ||||||
Dress Barn, Inc. ‡^ | 48,400 | 1,279 | ||||||
DSW, Inc. - Class A ‡^ | 65,080 | 2,544 | ||||||
Finish Line, Inc. - Class A ^ | 24,600 | 423 | ||||||
hhgregg, Inc. ‡^ | 61,325 | 1,285 | ||||||
Hibbett Sports, Inc. ‡^ | 14,300 | 528 | ||||||
Jo-Ann Stores, Inc. ‡^ | 11,800 | 711 | ||||||
MarineMax, Inc. ‡^ | 28,200 | 264 | ||||||
Pier 1 Imports, Inc. ‡^ | 15,200 | 160 | ||||||
Sonic Automotive, Inc. - Class A ^ | 20,900 | 277 | ||||||
Stage Stores, Inc. ^ | 132,100 | 2,291 | ||||||
Tractor Supply Co. ^ | 20,524 | 995 | ||||||
Williams-Sonoma, Inc. ^ | 17,200 | 614 | ||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
Deckers Outdoor Corp. ‡^ | 30,187 | 2,407 | ||||||
Liz Claiborne, Inc. ‡^ | 29,600 | 212 | ||||||
Oxford Industries, Inc. ^ | 11,800 | 302 | ||||||
Unifirst Corp. | 9,900 | 545 | ||||||
Thrifts & Mortgage Finance - 1.0% | ||||||||
Astoria Financial Corp. ^ | 3,600 | 50 | ||||||
Brookline Bancorp, Inc. ^ | 29,000 | 315 | ||||||
NewAlliance Bancshares, Inc. ^ | 68,000 | 1,019 | ||||||
Northwest Bancshares, Inc. | 130,700 | 1,536 | ||||||
Provident Financial Services, Inc. ^ | 27,800 | 421 | ||||||
Provident New York Bancorp ^ | 8,400 | 88 | ||||||
Trading Companies & Distributors - 1.3% | ||||||||
Applied Industrial Technologies, Inc. | 50,820 | 1,650 | ||||||
GATX Corp. ^ | 43,100 | 1,521 | ||||||
United Rentals, Inc. ‡^ | 31,500 | 717 | ||||||
WESCO International, Inc. ‡^ | 12,400 | 655 | ||||||
Water Utilities - 0.0%∞ | ||||||||
Consolidated Water Co., Ltd. ^ | 7,700 | 71 | ||||||
Wireless Telecommunication Services - 0.3% | ||||||||
Novatel Wireless, Inc. ‡^ | 11,600 | 111 | ||||||
USA Mobility, Inc. ^ | 56,300 | 1,000 | ||||||
Total Common Stocks (cost $246,500) | 335,303 | |||||||
INVESTMENT COMPANY - 0.2% | ||||||||
Diversified Financial Services - 0.2% | ||||||||
KKR Financial Holdings LLC | 70,500 | 656 | ||||||
Total Investment Company (cost $217) | ||||||||
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.1% | ||||||||
U.S. Treasury Bill | $ | 305 | 305 | |||||
0.12% ▲, 03/17/2011 γ | ||||||||
Total Short-Term U.S. Government Obligation (cost $305) | ||||||||
Shares | Value | |||||||
WARRANT - 0.0% ∞ | ||||||||
Lantronix, Inc. ‡ | ||||||||
Expiration: 02/09/2011 | ||||||||
Exercise Price: $28.08 | 640 | ♦ | ||||||
Total Warrant (cost $-) | ||||||||
SECURITIES LENDING COLLATERAL - 25.7% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 87,892,332 | 87,892 | ||||||
Total Securities Lending Collateral (cost $87,892) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.5% | ||||||||
State Street Bank & Trust Co. | ||||||||
0.01% ▲, dated 12/31/2010, to be | ||||||||
repurchased at $5,283 on 01/03/2011. | ||||||||
Collateralized by U.S. Government | ||||||||
Obligations, 0.63% - 1.00%, due 04/30/2012 | ||||||||
- 12/31/2012, with a total value of $5,395. | $ | 5,283 | 5,283 | |||||
Total Repurchase Agreement (cost $5,283) | ||||||||
Total Investment Securities (cost $340,197) # | 429,439 | |||||||
Other Assets and Liabilities - Net | (87,841 | ) | ||||||
Net Assets | $ | 341,598 | ||||||
Net Unrealized | ||||||||||||||||
Appreciation | ||||||||||||||||
Description | Type | Contracts Г | Expiration Date | (Depreciation) | ||||||||||||
Russell 2000 Mini Index | Long | 18 | 03/18/2011 | $ | 27 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 80
At December 31, 2010
(all amounts in thousands)
^ | All or a portion of this security is on loan. The value of all securities on loan is $85,729. | |
‡ | Non-income producing security. | |
∞ | Percentage rounds to less than 0.1%. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
♦ | Value is less than $1. | |
γ | All or a portion of this security in the amount of $305 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
# | Aggregate cost for federal income tax purposes is $353,602. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $79,612 and $3,775, respectively. Net unrealized appreciation for tax purposes is $75,837. |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 330,690 | $ | 4,613 | $ | — | $ | 335,303 | ||||||||
Investment Companies | 656 | — | — | 656 | ||||||||||||
Repurchase Agreement | — | 5,283 | — | 5,283 | ||||||||||||
Securities Lending Collateral | 87,892 | — | — | 87,892 | ||||||||||||
Short-Term U.S. Government Obligations | — | 305 | — | 305 | ||||||||||||
Warrants | — | ♦ | — | ♦ | ||||||||||||
Total | $ | 419,238 | $ | 10,201 | $ | — | $ | 429,439 |
Other Financial Instruments* | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Futures Contracts - Appreciation | $ | 27 | $ | — | $ | — | $ | 27 |
* | Other financial instruments are derivative instruments including, but not limited to, Futures Contracts, Forward Foreign Currency Contracts, and Swap Contracts that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 81
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
COMMON STOCKS - 97.6% | ||||||||
Aerospace & Defense - 1.4% | ||||||||
DigitalGlobe, Inc. ‡^ | 25,800 | $ | 818 | |||||
Esterline Technologies Corp. ‡^ | 12,706 | 871 | ||||||
Hexcel Corp. ‡^ | 15,792 | 286 | ||||||
Air Freight & Logistics - 1.3% | ||||||||
Atlas Air Worldwide Holdings, Inc. ‡^ | 15,100 | 843 | ||||||
Hub Group, Inc. - Class A ‡^ | 30,366 | 1,067 | ||||||
Auto Components - 1.5% | ||||||||
Amerigon, Inc. ‡^ | 43,184 | 470 | ||||||
Drew Industries, Inc.^ | 23,458 | 533 | ||||||
Westport Innovations, Inc. ‡ | 35,919 | 665 | ||||||
Wonder Auto Technology, Inc. ‡^ | 66,309 | 500 | ||||||
Biotechnology - 0.8% | ||||||||
Onyx Pharmaceuticals, Inc. ‡^ | 30,200 | 1,113 | ||||||
Capital Markets - 1.3% | ||||||||
Knight Capital Group, Inc. - Class A ‡^ | 72,300 | 997 | ||||||
Stifel Financial Corp. ‡^ | 13,800 | 856 | ||||||
Chemicals - 2.3% | ||||||||
Cabot Corp. | 14,288 | 538 | ||||||
Kronos Worldwide, Inc.^ | 25,500 | 1,083 | ||||||
Solutia, Inc. ‡^ | 39,593 | 914 | ||||||
STR Holdings, Inc. ‡^ | 44,000 | 880 | ||||||
Commercial Banks - 0.9% | ||||||||
Boston Private Financial Holdings, Inc. | 2,312 | 15 | ||||||
First Citizens BancShares, Inc. - Class A^ | 2,930 | 554 | ||||||
Pinnacle Financial Partners, Inc. ‡^ | 37,832 | 514 | ||||||
Umpqua Holdings Corp. | 17,769 | 216 | ||||||
Commercial Services & Supplies - 2.4% | ||||||||
Consolidated Graphics, Inc. ‡^ | 19,700 | 953 | ||||||
IESI-BFC, Ltd.^ | 29,792 | 724 | ||||||
Kforce, Inc. ‡^ | 41,477 | 671 | ||||||
Schawk, Inc. - Class A^ | 18,300 | 377 | ||||||
Sykes Enterprises, Inc. ‡^ | 25,452 | 516 | ||||||
Tal International Group, Inc.^ | 6,082 | 188 | ||||||
Communications Equipment - 2.8% | ||||||||
Aruba Networks, Inc. ‡^ | 29,500 | 616 | ||||||
Blue Coat Systems, Inc. ‡^ | 25,017 | 747 | ||||||
Emulex Corp. ‡^ | 79,900 | 932 | ||||||
Plantronics, Inc. | 22,200 | 826 | ||||||
Riverbed Technology, Inc. ‡ | 25,296 | 890 | ||||||
Computers & Peripherals - 0.9% | ||||||||
Electronics for Imaging, Inc. ‡ | 36,700 | 525 | ||||||
STEC Inc. ‡^ | 40,692 | 718 | ||||||
Construction & Engineering - 0.2% | ||||||||
Orion Marine Group, Inc. ‡^ | 29,241 | 339 | ||||||
Containers & Packaging - 1.2% | ||||||||
Rock-Tenn Co. - Class A | 16,700 | 901 | ||||||
Silgan Holdings, Inc.^ | 21,700 | 777 | ||||||
Diversified Consumer Services - 1.5% | ||||||||
Coinstar, Inc. ‡^ | 15,774 | 890 | ||||||
Hillenbrand, Inc.^ | 50,000 | 1,041 | ||||||
Princeton Review, Inc. ‡^ | 150,900 | 178 | ||||||
Diversified Financial Services - 1.5% | ||||||||
Cash America International, Inc.^ | 22,296 | 823 | ||||||
Encore Capital Group, Inc. ‡^ | 38,509 | 903 | ||||||
First Cash Financial Services, Inc. ‡^ | 16,931 | 525 | ||||||
Diversified Telecommunication Services - 1.0% | ||||||||
Atlantic Tele-Network, Inc.^ | 11,900 | 456 | ||||||
Neutral Tandem, Inc. ‡^ | 68,600 | 991 | ||||||
Electrical Equipment - 3.2% | ||||||||
AO Smith Corp.^ | 21,099 | 803 | ||||||
EnerSys ‡^ | 27,437 | 881 | ||||||
Fushi Copperweld, Inc. ‡^ | 41,525 | 369 | ||||||
GrafTech International, Ltd. ‡^ | 49,600 | 985 | ||||||
Harbin Electric, Inc. ‡^ | 40,097 | 696 | ||||||
II-VI, Inc. ‡^ | 16,980 | 787 | ||||||
Electronic Equipment & Instruments - 3.4% | ||||||||
Elster Group SE ADR ‡^ | 15,972 | 270 | ||||||
Insight Enterprises, Inc. ‡^ | 35,200 | 463 | ||||||
Kemet Corp. ‡ | 55,800 | 814 | ||||||
Maxwell Technologies, Inc. ‡^ | 22,400 | 423 | ||||||
Measurement Specialties, Inc. ‡^ | 8,055 | 236 | ||||||
Newport Corp. ‡^ | 9,718 | 169 | ||||||
OSI Systems, Inc. ‡^ | 14,800 | 538 | ||||||
Power-One, Inc. ‡^ | 100,900 | 1,029 | ||||||
Rofin-Sinar Technologies, Inc. ‡^ | 26,400 | 936 | ||||||
Energy Equipment & Services - 3.1% | ||||||||
Complete Production Services, Inc. ‡^ | 29,400 | 869 | ||||||
Dawson Geophysical Co. ‡^ | 19,899 | 635 | ||||||
Key Energy Services, Inc. ‡^ | 49,216 | 639 | ||||||
Newpark Resources, Inc. ‡^ | 73,455 | 452 | ||||||
OYO Geospace Corp. ‡^ | 9,500 | 942 | ||||||
Patterson-UTI Energy, Inc.^ | 38,800 | 836 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
QKL Stores, Inc. ‡^ | 31,801 | 113 | ||||||
Food Products - 1.5% | ||||||||
Hain Celestial Group, Inc. ‡^ | 28,549 | 773 | ||||||
SunOpta, Inc. ‡^ | 67,400 | 527 | ||||||
TreeHouse Foods, Inc. ‡^ | 15,635 | 798 | ||||||
Health Care Equipment & Supplies - 4.8% | ||||||||
Abaxis, Inc. ‡^ | 7,900 | 212 | ||||||
Angiodynamics, Inc. ‡^ | 37,349 | 574 | ||||||
Arthrocare Corp. ‡^ | 26,500 | 823 | ||||||
Atrion Corp.^ | 2,412 | 433 | ||||||
ICU Medical, Inc. ‡^ | 20,379 | 744 | ||||||
Integra LifeSciences Holdings Corp. ‡^ | 14,143 | 669 | ||||||
Invacare Corp.^ | 30,600 | 923 | ||||||
Natus Medical, Inc. ‡^ | 43,555 | 618 | ||||||
Sirona Dental Systems, Inc. ‡^ | 25,500 | 1,064 | ||||||
Synovis Life Technologies, Inc. ‡^ | 48,591 | 783 | ||||||
Health Care Providers & Services - 2.2% | ||||||||
Bio-Reference Labs, Inc. ‡^ | 28,517 | 633 | ||||||
Emergency Medical Services Corp. - Class A ‡^ | 10,600 | 685 | ||||||
Ensign Group, Inc.^ | 23,000 | 572 | ||||||
RehabCare Group, Inc. ‡^ | 26,069 | 618 | ||||||
U.S. Physical Therapy, Inc. ‡ | 32,864 | 651 | ||||||
Health Care Technology - 0.0% ∞ | ||||||||
HealthStream, Inc. ‡^ | 5,175 | 42 | ||||||
Hotels, Restaurants & Leisure - 2.7% | ||||||||
BJ’s Restaurants, Inc. ‡^ | 10,706 | 379 | ||||||
Caribou Coffee Co., Inc. ‡^ | 45,669 | 460 | ||||||
Cheesecake Factory, Inc. ‡^ | 26,400 | 809 | ||||||
Domino’s Pizza, Inc. ‡^ | 60,100 | 960 | ||||||
Ruby Tuesday, Inc. ‡^ | 36,216 | 473 | ||||||
Texas Roadhouse, Inc. - Class A ‡^ | 47,700 | 819 | ||||||
Internet & Catalog Retail - 1.5% | ||||||||
HSN, Inc. ‡^ | 26,900 | 824 | ||||||
Shutterfly, Inc. ‡^ | 21,470 | 752 | ||||||
U.S. Auto Parts Network, Inc. ‡^ | 65,000 | 546 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 82
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Internet Software & Services - 3.5% | ||||||||
Infospace, Inc. ‡^ | 73,373 | $ | 609 | |||||
Liveperson, Inc. ‡^ | 49,314 | 557 | ||||||
NIC, Inc.^ | 60,149 | 584 | ||||||
Open Text Corp. ‡^ | 15,500 | 714 | ||||||
Radware, Ltd. ‡^ | 12,300 | 461 | ||||||
Savvis, Inc. ‡ | 15,800 | 403 | ||||||
Valueclick, Inc. ‡^ | 58,977 | 946 | ||||||
Zix Corp. ‡^ | 155,200 | 663 | ||||||
IT Services - 1.0% | ||||||||
CSG Systems International, Inc. ‡^ | 38,051 | 721 | ||||||
Wright Express Corp. ‡^ | 16,700 | 768 | ||||||
Life Sciences Tools & Services - 2.9% | ||||||||
Bruker Corp. ‡^ | 60,213 | 1,000 | ||||||
eResearchTechnology, Inc. ‡^ | 69,300 | 509 | ||||||
ICON PLC ADR ‡^ | 42,030 | 920 | ||||||
Nektar Therapeutics ‡^ | 68,444 | 880 | ||||||
Parexel International Corp. ‡^ | 36,900 | 783 | ||||||
Machinery - 4.3% | ||||||||
Actuant Corp. - Class A^ | 21,600 | 575 | ||||||
Briggs & Stratton Corp.^ | 36,400 | 717 | ||||||
Columbus McKinnon Corp. ‡^ | 36,400 | 740 | ||||||
EnPro Industries, Inc. ‡^ | 24,813 | 1,031 | ||||||
Kennametal, Inc.^ | 24,100 | 951 | ||||||
LB Foster Co. - Class A ‡ | 7,156 | 293 | ||||||
Middleby Corp. ‡^ | 8,700 | 734 | ||||||
Wabash National Corp. ‡^ | 85,855 | 1,017 | ||||||
Media - 1.4% | ||||||||
APAC Customer Services, Inc. ‡^ | 91,066 | 553 | ||||||
Dolan Co. ‡^ | 47,494 | 661 | ||||||
Valassis Communications, Inc. ‡^ | 25,600 | 828 | ||||||
Metals & Mining - 1.8% | ||||||||
RTI International Metals, Inc. ‡^ | 20,985 | 566 | ||||||
Stillwater Mining Co. ‡^ | 49,629 | 1,060 | ||||||
Thompson Creek Metals Co., Inc. ‡^ | 62,287 | 917 | ||||||
Multiline Retail - 0.6% | ||||||||
99 Cents Only Stores ‡^ | 52,452 | 836 | ||||||
Multi-Utilities - 0.5% | ||||||||
Avista Corp.^ | 29,200 | 658 | ||||||
Oil, Gas & Consumable Fuels - 4.2% | ||||||||
Brigham Exploration Co. ‡^ | 25,600 | 697 | ||||||
Comstock Resources, Inc. ‡^ | 25,100 | 616 | ||||||
GeoResources, Inc. ‡^ | 13,400 | 298 | ||||||
International Coal Group, Inc. ‡^ | 104,500 | 809 | ||||||
Magnum Hunter Resources Corp. ‡^ | 130,921 | 943 | ||||||
North American Energy Partners, Inc. ‡ | 85,591 | 1,049 | ||||||
Penn Virginia Corp.^ | 18,500 | 311 | ||||||
Rex Energy Corp. ‡^ | 47,101 | 643 | ||||||
Swift Energy Co. ‡^ | 17,500 | 685 | ||||||
Paper & Forest Products - 0.6% | ||||||||
Buckeye Technologies, Inc.^ | 38,444 | 808 | ||||||
Personal Products - 0.0%∞ | ||||||||
Inter Parfums, Inc.^ | 1,379 | 26 | ||||||
Pharmaceuticals - 3.2% | ||||||||
Akorn, Inc. ‡^ | 93,591 | 568 | ||||||
Cardiome Pharma Corp. ‡^ | 81,000 | 520 | ||||||
Impax Laboratories, Inc. ‡^ | 47,400 | 953 | ||||||
Par Pharmaceutical Cos., Inc. ‡^ | 29,321 | 1,129 | ||||||
Salix Pharmaceuticals, Ltd. ‡^ | 24,300 | 1,142 | ||||||
SuperGen, Inc. ‡^ | 99,200 | 260 | ||||||
Professional Services - 2.2% | ||||||||
Advisory Board Co. ‡^ | 13,300 | 633 | ||||||
FTI Consulting, Inc. ‡^ | 25,700 | 959 | ||||||
Heidrick & Struggles International, Inc.^ | 22,595 | 648 | ||||||
TrueBlue, Inc. ‡^ | 32,592 | 586 | ||||||
VSE Corp.^ | 10,399 | 343 | ||||||
Real Estate Management & Development - 0.5% | ||||||||
Altisource Portfolio Solutions SA ‡^ | 22,800 | 655 | ||||||
Road & Rail - 2.2% | ||||||||
Celadon Group, Inc. ‡^ | 52,341 | 774 | ||||||
Marten Transport, Ltd.^ | 24,913 | 533 | ||||||
Old Dominion Freight Line, Inc. ‡^ | 35,500 | 1,136 | ||||||
Werner Enterprises, Inc.^ | 31,200 | 705 | ||||||
Semiconductors & Semiconductor Equipment - 5.2% | ||||||||
Atheros Communications, Inc. ‡^ | 17,952 | 645 | ||||||
Entegris, Inc. ‡^ | 89,800 | 671 | ||||||
Microsemi Corp. ‡^ | 38,227 | 875 | ||||||
Mips Technologies, Inc. - Class A ‡^ | 40,300 | 611 | ||||||
Monolithic Power Systems, Inc. ‡^ | 38,500 | 636 | ||||||
NVE Corp. ‡ | 11,976 | 693 | ||||||
O2Micro International, Ltd. ADR ‡ | 54,000 | 334 | ||||||
PMC-Sierra, Inc. ‡^ | 125,900 | 1,081 | ||||||
Rubicon Technology, Inc. ‡^ | 27,617 | 582 | ||||||
Silicon Image, Inc. ‡^ | 93,186 | 685 | ||||||
Volterra Semiconductor Corp. ‡^ | 23,344 | 541 | ||||||
Software - 7.0% | ||||||||
Clicksoftware Technologies, Ltd. ‡ | 106,263 | 818 | ||||||
Compuware Corp. ‡^ | 101,800 | 1,187 | ||||||
Fortinet, Inc. ‡^ | 12,931 | 418 | ||||||
Interactive Intelligence, Inc. ‡^ | 22,440 | 587 | ||||||
Manhattan Associates, Inc. ‡^ | 12,178 | 372 | ||||||
NICE Systems, Ltd. ADR ‡ | 30,163 | 1,053 | ||||||
Parametric Technology Corp. ‡^ | 31,000 | 698 | ||||||
Progress Software Corp. ‡^ | 15,500 | 656 | ||||||
Quality Systems, Inc.^ | 7,800 | 545 | ||||||
Radiant Systems, Inc. ‡^ | 28,354 | 555 | ||||||
Smith Micro Software, Inc. ‡^ | 54,683 | 861 | ||||||
Solera Holdings, Inc.^ | 15,800 | 811 | ||||||
TIBCO Software, Inc. ‡^ | 42,600 | 840 | ||||||
Ultimate Software Group, Inc. ‡^ | 13,800 | 671 | ||||||
Specialty Retail - 7.6% | ||||||||
Buckle, Inc.^ | 17,300 | 653 | ||||||
Casual Male Retail Group, Inc. ‡^ | 146,198 | 693 | ||||||
Dress Barn, Inc. ‡^ | 29,000 | 766 | ||||||
DSW, Inc. - Class A ‡^ | 14,900 | 583 | ||||||
Finish Line, Inc. - Class A^ | 52,400 | 901 | ||||||
Genesco, Inc. ‡^ | 23,744 | 890 | ||||||
Group 1 Automotive, Inc.^ | 15,300 | 639 | ||||||
hhgregg, Inc. ‡^ | 23,725 | 497 | ||||||
Hibbett Sports, Inc. ‡^ | 11,848 | 437 | ||||||
Jo-Ann Stores, Inc. ‡^ | 11,704 | 705 | ||||||
JOS A. Bank Clothiers, Inc. ‡^ | 21,071 | 850 | ||||||
Lithia Motors, Inc. - Class A | 10,600 | 151 | ||||||
PEP Boys-Manny Moe & Jack^ | 74,700 | 1,003 | ||||||
Talbots, Inc. ‡ | 78,100 | 665 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. ‡^ | 18,203 | 619 | ||||||
Williams-Sonoma, Inc.^ | 23,100 | 824 | ||||||
Textiles, Apparel & Luxury Goods - 3.4% | ||||||||
Deckers Outdoor Corp. ‡^ | 17,080 | 1,362 | ||||||
Iconix Brand Group, Inc. ‡^ | 43,400 | 838 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 83
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||
Textiles, Apparel & Luxury Goods (continued) | ||||||||
Maidenform Brands, Inc. ‡^ | 12,224 | $ | 291 | |||||
Perry Ellis International, Inc. ‡^ | 17,018 | 467 | ||||||
Steven Madden, Ltd. ‡^ | 22,044 | 920 | ||||||
Warnaco Group, Inc. ‡^ | 16,575 | 913 | ||||||
Thrifts & Mortgage Finance - 0.3% | ||||||||
Provident Financial Services, Inc. ^ | 27,300 | 413 | ||||||
Trading Companies & Distributors - 1.0% | ||||||||
Applied Industrial Technologies, Inc. ^ | 29,874 | 970 | ||||||
DXP Enterprises, Inc. ‡^ | 16,820 | 404 | ||||||
Wireless Telecommunication Services - 0.7% | ||||||||
Novatel Wireless, Inc. ‡^ | 102,600 | 980 | ||||||
Total Common Stocks (cost $110,703) | 139,233 | |||||||
WARRANT - 0.0%∞ | ||||||||
Krispy Kreme Doughnuts, Inc. ‡ | ||||||||
Expiration: 03/02/2012 | ||||||||
Exercise Price: $12.21 | 141 | ♦ | ||||||
Total Warrant (cost $-) | ||||||||
SECURITIES LENDING COLLATERAL - 25.6% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% ▲ | 36,566,755 | 36,567 | ||||||
Total Securities Lending Collateral (cost $36,567) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.7% | ||||||||
State Street Bank & Trust Co. 0.01% ▲ , dated 12/31/2010, to be repurchased at $3,891 on 01/03/2011. Collateralized by a U.S. Government Obligation, 0.63%, due 12/31/2012, with a value of $3,970. | $ | 3,891 | 3,891 | |||||
Total Repurchase Agreement (cost $3,891) | ||||||||
Total Investment Securities (cost $151,161) # | 179,691 | |||||||
Other Assets and Liabilities - Net | (36,960 | ) | ||||||
Net Assets | $ | 142,731 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $35,619. | |
‡ | Non-income producing security. | |
∞ | Percentage rounds to less than 0.1%. | |
♦ | Value is less than $1. | |
▲ | Rate shown reflects the yield at 12/31/2010. | |
# | Aggregate cost for federal income tax purposes is $152,638. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $29,416 and $2,363, respectively. Net unrealized appreciation for tax purposes is $27,053. |
ADR | American Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 135,056 | $ | 4,177 | $ | — | $ | 139,233 | ||||||||
Repurchase Agreement | — | 3,891 | — | 3,891 | ||||||||||||
Securities Lending Collateral | 36,567 | — | — | 36,567 | ||||||||||||
Warrants | — | ♦ | — | ♦ | ||||||||||||
Total | $ | 171,623 | $ | 8,068 | $ | — | $ | 179,691 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 84
At December 31, 2010
(all amounts except share amounts in thousands)
Shares | Value | |||||||||||
PREFERRED STOCK - 2.6% | ||||||||||||
Germany - 2.6% | ||||||||||||
Volkswagen AG, 1.26 ▲ | 143,582 | $ | 23,345 | |||||||||
Total Preferred Stock (cost $13,351) | ||||||||||||
COMMON STOCKS - 96.4% | ||||||||||||
Australia - 1.9% | ||||||||||||
BHP Billiton, Ltd. | 363,601 | 16,828 | ||||||||||
Bermuda - 1.0% | ||||||||||||
SeaDrill, Ltd. ^ | 266,595 | 9,094 | ||||||||||
Brazil - 3.6% | ||||||||||||
BM&FBOVESPA SA | 1,400,300 | 11,076 | ||||||||||
Embraer SA ADR | 277,400 | 8,156 | ||||||||||
Natura Cosmeticos SA | 444,800 | 12,778 | ||||||||||
Canada - 5.4% | ||||||||||||
Canadian National Railway Co. | 216,950 | 14,477 | ||||||||||
Canadian Natural Resources, Ltd. | 362,900 | 16,187 | ||||||||||
Cenovus Energy, Inc. ^ | 103,588 | 3,467 | ||||||||||
Potash Corp., of Saskatchewan, Inc. | 51,500 | 7,974 | ||||||||||
Thomson Reuters Corp. ^ | 174,000 | 6,517 | ||||||||||
China - 6.5% | ||||||||||||
China Merchants Bank Co., Ltd. - Class H | �� | 5,346,845 | 13,551 | |||||||||
CNOOC, Ltd. | 8,719,847 | 20,799 | ||||||||||
Industrial & Commercial Bank of China - Class H | 19,892,000 | 14,766 | ||||||||||
Sinopharm Group Co. - Class H | 2,591,590 | 9,036 | ||||||||||
Denmark - 3.3% | ||||||||||||
Novo Nordisk A/S - Class B | 213,364 | 24,039 | ||||||||||
Vestas Wind Systems A/S ‡^ | 178,853 | ‡ 5,664 | ||||||||||
France - 8.4% | ||||||||||||
Air Liquide SA | 105,049 | 13,285 | ||||||||||
BNP Paribas | 249,513 | 15,874 | ||||||||||
Lafarge SA | 221,125 | 13,864 | ||||||||||
LVMH Moet Hennessy Louis Vuitton SA | 133,433 | 21,951 | ||||||||||
Publicis Groupe SA ^ | 191,198 | 9,964 | ||||||||||
Germany - 5.4% | ||||||||||||
Deutsche Bank AG | 87,200 | 4,560 | ||||||||||
Fresenius Medical Care AG & Co., KGaA | 239,289 | 13,757 | ||||||||||
SAP AG | 412,761 | 21,052 | ||||||||||
Siemens AG | 71,800 | 8,894 | ||||||||||
Guernsey, Channel Islands - 0.6% | ||||||||||||
Amdocs, Ltd. ‡ | 183,900 | 5,052 | ||||||||||
Hong Kong - 2.3% | ||||||||||||
Hong Kong Exchanges & Clearing, Ltd. | 908,000 | 20,595 | ||||||||||
Ireland - 1.1% | ||||||||||||
Covidien PLC | 216,500 | 9,885 | ||||||||||
Israel - 2.5% | ||||||||||||
Teva Pharmaceutical Industries, Ltd. ADR | 436,694 | 22,765 | ||||||||||
Japan - 10.8% | ||||||||||||
Canon, Inc. ^ | 285,224 | 14,651 | ||||||||||
Dai-ichi Life Insurance Co., Ltd. | 6,971 | 11,282 | ||||||||||
Fanuc Corp. | 72,294 | 11,051 | ||||||||||
Komatsu, Ltd. | 808,104 | 24,320 | ||||||||||
Mitsubishi UFJ Financial Group, Inc. | 3,030,100 | 16,339 | ||||||||||
Toyota Motor Corp. | 469,691 | 18,491 | ||||||||||
Korea, Republic of - 1.7% | ||||||||||||
Hyundai Motor Co. | ‡ 97,930 | 14,952 | ||||||||||
Luxembourg - 2.2% | ||||||||||||
ArcelorMittal | 513,200 | 19,463 | ||||||||||
Mexico - 3.0% | ||||||||||||
America Movil SAB de CV - Series L ADR | 226,009 | 12,959 | ||||||||||
Wal-Mart de Mexico SAB de CV - Series V | 4,766,400 | 13,620 | ||||||||||
Netherlands - 1.2% | ||||||||||||
ING Groep NV ‡ | 1,081,200 | 10,518 | ||||||||||
Spain - 1.9% | ||||||||||||
Telefonica SA | 761,202 | 17,378 | ||||||||||
Sweden - 1.8% | ||||||||||||
Hennes & Mauritz AB - Class B | 471,871 | 15,716 | ||||||||||
Switzerland - 6.4% | ||||||||||||
Julius Baer Group, Ltd. | 230,196 | 10,778 | ||||||||||
Logitech International SA ‡^ | 316,587 | 6,020 | ||||||||||
Nestle SA | 312,854 | 18,328 | ||||||||||
Novartis AG | 375,071 | 22,079 | ||||||||||
Taiwan - 2.0% | ||||||||||||
High Tech Computer Corp. | 591,224 | 18,250 | ||||||||||
Turkey - 1.2% | ||||||||||||
Turkiye Garanti Bankasi AS | 2,109,300 | 10,683 | ||||||||||
United Kingdom - 18.9% | ||||||||||||
ARM Holdings PLC | 1,316,243 | 8,687 | ||||||||||
BG Group PLC | 719,586 | 14,540 | ||||||||||
British American Tobacco PLC | 525,873 | 20,198 | ||||||||||
British Sky Broadcasting Group PLC | 718,919 | 8,250 | ||||||||||
Carnival PLC | 420,398 | �� | 19,545 | |||||||||
Kingfisher PLC | 3,526,710 | 14,483 | ||||||||||
Pearson PLC | 526,437 | 8,273 | ||||||||||
Reckitt Benckiser Group PLC | 275,570 | 15,145 | ||||||||||
SABMiller PLC | 325,456 | 11,450 | ||||||||||
Smith & Nephew PLC | 851,541 | 8,981 | ||||||||||
Standard Chartered PLC | 715,886 | 19,259 | ||||||||||
Tesco PLC | 2,907,857 | 19,268 | ||||||||||
United States - 3.3% | ||||||||||||
Schlumberger, Ltd. | 212,300 | 17,727 | ||||||||||
Southern Copper Corp. | 237,400 | 11,571 | ||||||||||
Total Common Stocks (cost $627,272) | $ | 860,162 | ||||||||||
SECURITIES LENDING COLLATERAL - 4.2% | ||||||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.36% 5 | 37,736,604 | 37,737 | ||||||||||
Total Securities Lending Collateral (cost $37,737) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.7% | ||||||||
State Street Bank & Trust Co. 0.01% 5, dated 12/31/2010, to be repurchased at $6,426 on 01/03/2011. Collateralized by a U.S. Government Obligation, 3.13%, due 04/30/2017, with a value of $6,558. | $ | 6,426 | 6,426 | |||||
Total Repurchase Agreement (cost $6,426) | ||||||||
Total Investment Securities (cost $684,786) # | 927,670 | |||||||
Other Assets and Liabilities - Net | (34,410 | ) | ||||||
Net Assets | $ | 893,260 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 85
At December 31, 2010
(all amounts in thousands)
Percentage of | ||||||||
INVESTMENTS BY INDUSTRY (unaudited): | Total Investments | Value | ||||||
Commercial Banks | 9.9 | % | $ | 90,472 | ||||
Pharmaceuticals | 8.5 | 77,919 | ||||||
Automobiles | 6.1 | 56,788 | ||||||
Oil, Gas & Consumable Fuels | 5.8 | 54,993 | ||||||
Metals & Mining | 5.1 | 47,862 | ||||||
Diversified Financial Services | 4.5 | 42,189 | ||||||
Machinery | 3.7 | 35,371 | ||||||
Media | 3.6 | 33,004 | ||||||
Food & Staples Retailing | 3.6 | 32,888 | ||||||
Specialty Retail | 3.3 | 30,199 | ||||||
Energy Equipment & Services | 3.0 | 26,821 | ||||||
Software | 2.7 | 26,104 | ||||||
Computers & Peripherals | 2.6 | 24,270 | ||||||
Textiles, Apparel & Luxury Goods | 2.3 | 21,951 | ||||||
Chemicals | 2.3 | 21,259 | ||||||
Tobacco | 2.1 | 20,198 | ||||||
Hotels, Restaurants & Leisure | 2.1 | 19,545 | ||||||
Health Care Equipment & Supplies | 2.0 | 18,866 | ||||||
Food Products | 2.0 | 18,328 | ||||||
Diversified Telecommunication Services | 1.9 | 17,378 | ||||||
Capital Markets | 1.7 | 15,338 | ||||||
Household Products | 1.6 | 15,145 | ||||||
Office Electronics | 1.6 | 14,651 | ||||||
Road & Rail | 1.6 | 14,477 | ||||||
Construction Materials | 1.5 | 13,864 | ||||||
Health Care Providers & Services | 1.5 | 13,757 | ||||||
Wireless Telecommunication Services | 1.4 | 12,959 | ||||||
Personal Products | 1.4 | 12,778 | ||||||
Beverages | 1.2 | 11,450 | ||||||
Insurance | 1.2 | 11,282 | ||||||
Industrial Conglomerates | 1.0 | 8,894 | ||||||
Semiconductors & Semiconductor Equipment | 0.9 | 8,687 | ||||||
Aerospace & Defense | 0.9 | 8,156 | ||||||
Electrical Equipment | 0.6 | 5,664 | ||||||
Investment Securities, at Value | 95.2 | 883,507 | ||||||
Short-Term Investments | 4.8 | 44,163 | ||||||
Total Investments | 100.0 | % | $ | 927,670 | ||||
Amount in U.S. | Net Unrealized | |||||||||||||||
Settlement | Dollars Bought | Appreciation | ||||||||||||||
Currency | Bought (Sold) | Date | (Sold) | (Depreciation) | ||||||||||||
Euro | 32,992 | 01/25/2011 | $ | 44,870 | $ | (785 | ) | |||||||||
Euro | (32,992 | ) | 01/25/2011 | (42,429 | ) | (1,655 | ) | |||||||||
Mexican Peso | (262,964 | ) | 05/24/2011 | (21,020 | ) | (26 | ) | |||||||||
$ | (2,466 | ) | ||||||||||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
5 | Rate shown reflects the yield at 12/31/2010. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $35,930. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $687,319. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $255,193 and $14,842, respectively. Net unrealized appreciation for tax purposes is $240,351. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 86
At December 31, 2010
(all amounts in thousands)
DEFINITION: | ||
ADR American Depositary Receipt |
Investment Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 145,603 | $ | 714,559 | $ | — | $ | 860,162 | ||||||||
Preferred Stocks | — | 23,345 | — | 23,345 | ||||||||||||
Repurchase Agreement | — | 6,426 | — | 6,426 | ||||||||||||
Securities Lending Collateral | 37,737 | — | — | 37,737 | ||||||||||||
Total | $ | 183,340 | $ | 744,330 | $ | — | $ | 927,670 |
Other Financial Instruments* | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Forward Foreign Currency Contracts — Depreciation | — | $ | (2,466 | ) | — | $ | (2,466 | ) |
* | Other financial instruments are derivative instruments including, but not limited to, Futures Contracts, Forward Foreign Currency Cofntracts, and Swap Contracts that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 87
At December 31, 2010
(all amounts in thousands)
Inflation- | ||||||||||||||||||||||||
High Quality | Protected | |||||||||||||||||||||||
Money Market | Bond | Securities | Core Bond | High Yield Bond | Balanced | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 881,353 | $ | 466,313 | $ | 323,374 | $ | 1,938,179 | $ | 668,906 | $ | 121,360 | ||||||||||||
Repurchase agreements, at value | 183,846 | 7,006 | 18,187 | 71,991 | 26,864 | 1,166 | ||||||||||||||||||
Cash on deposit with broker | — | — | — | — | — | 181 | ||||||||||||||||||
Foreign currency, at value | — | — | 10 | 376 | — | 28 | ||||||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | 15 | 76 | — | — | ||||||||||||||||||
Unrealized appreciation on swap agreements | — | — | 175 | 3,813 | — | — | ||||||||||||||||||
Premium paid on swap agreements | — | — | — | 782 | — | — | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Due from advisor | — | — | — | — | — | 35 | ||||||||||||||||||
Investment securities sold | — | — | — | 1,421,233 | 1,716 | 33,004 | ||||||||||||||||||
Interest | 453 | 2,648 | 2,347 | 11,466 | 12,702 | 284 | ||||||||||||||||||
Dividends | — | — | — | — | — | 80 | ||||||||||||||||||
Securities lending income (net) | — | 2 | 2 | 7 | — | — | ||||||||||||||||||
Variation margin | — | — | — | 467 | — | 23 | ||||||||||||||||||
Other | — | 84 | — | 8 | — | 145 | ||||||||||||||||||
Prepaid expenses | 8 | 3 | 3 | 12 | 5 | 1 | ||||||||||||||||||
1,065,660 | 476,056 | 344,113 | 3,448,410 | 710,193 | 156,307 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Foreign cash | — | — | 8 | — | — | — | ||||||||||||||||||
Cash on deposit with custodian | — | — | — | 2,000 | — | — | ||||||||||||||||||
Due to custodian | — | — | 3 | — | — | — | ||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Collateral for securities on loan | — | 12,194 | 13,872 | 32,324 | — | — | ||||||||||||||||||
Investment securities purchased | — | — | — | 1,518,729 | 748 | 35,940 | ||||||||||||||||||
Variation margin | — | — | 31 | — | — | — | ||||||||||||||||||
Advisory fees | 225 | 137 | 98 | 482 | 329 | 44 | ||||||||||||||||||
Custody fees | 12 | 6 | 6 | 54 | 10 | 14 | ||||||||||||||||||
Interest from securities sold short | — | — | — | 278 | — | 5 | ||||||||||||||||||
Audit and tax fees | 10 | 10 | 11 | 12 | 11 | 11 | ||||||||||||||||||
Legal fees | 14 | 6 | 5 | 22 | 10 | 2 | ||||||||||||||||||
Other | 3 | 2 | 1 | 5 | 2 | 1 | ||||||||||||||||||
Unrealized depreciation on swap agreements | — | — | 164 | 1,594 | — | — | ||||||||||||||||||
Premium received on swap agreements | — | — | 4 | 549 | — | — | ||||||||||||||||||
Securities sold short, at value | — | — | — | 232,309 | — | 3,930 | ||||||||||||||||||
Written options and swaptions, at value | — | — | 1,900 | 38,046 | — | 23 | ||||||||||||||||||
264 | 12,355 | 16,103 | 1,826,404 | 1,110 | 39,970 | |||||||||||||||||||
Net Assets | $ | 1,065,396 | $ | 463,701 | $ | 328,010 | $ | 1,622,006 | $ | 709,083 | $ | 116,337 | ||||||||||||
Investment securities, at cost | $ | 881,353 | $ | 461,341 | $ | 315,775 | $ | 1,937,040 | $ | 647,851 | $ | 118,508 | ||||||||||||
Repurchase agreements, at cost | $ | 183,846 | $ | 7,006 | $ | 18,187 | $ | 71,991 | $ | 26,864 | $ | 1,166 | ||||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | (5 | ) | $ | 368 | $ | — | $ | 28 | |||||||||||
Securities loaned, at value | $ | — | $ | 11,949 | $ | 13,597 | $ | 29,833 | $ | — | $ | — | ||||||||||||
Proceeds from securities sold short | $ | — | $ | — | $ | — | $ | 232,729 | $ | — | $ | 3,948 | ||||||||||||
Premium on written options and swaptions | $ | — | $ | — | $ | 1,971 | $ | 38,537 | $ | — | $ | 20 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 88
At December 31, 2010
(all amounts in thousands)
Large Value | Large Core | Large Growth | Mid Value | Mid Growth | Small Value | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 1,015,232 | $ | 257,597 | $ | 1,193,282 | $ | 923,731 | $ | 260,568 | $ | 129,808 | ||||||||||||
Repurchase agreements, at value | 17,447 | 3,877 | 2,436 | 31,241 | 2,094 | 6,316 | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Due from advisor | — | — | 14 | — | — | 6 | ||||||||||||||||||
Investment securities sold | — | — | 1,739 | 617 | 9,657 | 135 | ||||||||||||||||||
Dividends | 763 | 210 | 836 | 1,001 | 78 | 96 | ||||||||||||||||||
Dividend reclaims | — | — | 55 | 24 | — | — | ||||||||||||||||||
Securities lending income (net) | 3 | 3 | 5 | 12 | — | (A) | — | (A) | ||||||||||||||||
Other | 4 | 104 | 92 | — | — | — | ||||||||||||||||||
Prepaid expenses | 6 | 1 | 7 | 5 | 1 | 1 | ||||||||||||||||||
1,033,455 | 261,792 | 1,198,466 | 956,631 | 272,398 | 136,362 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Collateral for securities on loan | 18,506 | 5,647 | 18,938 | 46,842 | 1,769 | 1,740 | ||||||||||||||||||
Investment securities purchased | 417 | — | 2,278 | 110 | 703 | 84 | ||||||||||||||||||
Advisory fees | 384 | 130 | 621 | 510 | 175 | 95 | ||||||||||||||||||
Custody fees | 8 | 3 | 19 | 9 | 3 | 3 | ||||||||||||||||||
Audit and tax fees | 11 | 11 | 11 | 10 | 10 | 10 | ||||||||||||||||||
Legal fees | 14 | 3 | 16 | 12 | 4 | 2 | ||||||||||||||||||
Other | — | 3 | — | 4 | 1 | 1 | ||||||||||||||||||
19,340 | 5,797 | 21,883 | 47,497 | 2,665 | 1,935 | |||||||||||||||||||
Net Assets | $ | 1,014,115 | $ | 255,995 | $ | 1,176,583 | $ | 909,134 | $ | 269,733 | $ | 134,427 | ||||||||||||
Investment securities, at cost | $ | 889,057 | $ | 222,946 | $ | 983,920 | $ | 770,783 | $ | 199,676 | $ | 108,609 | ||||||||||||
Repurchase agreements, at cost | $ | 17,447 | $ | 3,877 | $ | 2,436 | $ | 31,241 | $ | 2,094 | $ | 6,316 | ||||||||||||
Securities loaned, at value | $ | 18,093 | $ | 5,526 | $ | 18,511 | $ | 45,754 | $ | 1,733 | $ | 1,695 |
International | ||||||||||||
Small Core | Small Growth | Equity | ||||||||||
Assets: | ||||||||||||
Investment securities, at value | $ | 424,156 | $ | 175,800 | $ | 921,244 | ||||||
Repurchase agreements, at value | 5,283 | 3,891 | 6,426 | |||||||||
Foreign currency, at value | — | — | 1,012 | |||||||||
Receivables: | ||||||||||||
Investment securities sold | 98 | 621 | 1,860 | |||||||||
Dividends | 257 | 15 | 478 | |||||||||
Dividend reclaims | — | �� | — | 3,437 | ||||||||
Securities lending income (net) | 24 | 17 | 26 | |||||||||
Other | — | — | 190 | |||||||||
Prepaid expenses | 2 | 1 | 6 | |||||||||
429,820 | 180,345 | 934,679 | ||||||||||
Liabilities: | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||
Collateral for securities on loan | 87,892 | 36,567 | 37,737 | |||||||||
Investment securities purchased | 58 | 920 | 578 | |||||||||
Variation margin | 9 | — | — | |||||||||
Advisory fees | 237 | 111 | 565 | |||||||||
Custody fees | 8 | 3 | 45 | |||||||||
Audit and tax fees | 11 | 10 | 11 | |||||||||
Legal fees | 5 | 2 | 13 | |||||||||
Other | 2 | 1 | 4 | |||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 2,466 | |||||||||
88,222 | 37,614 | 41,419 | ||||||||||
Net Assets | $ | 341,598 | $ | 142,731 | $ | 893,260 | ||||||
Investment securities, at cost | $ | 334,914 | $ | 147,270 | $ | 678,360 | ||||||
Repurchase agreements, at cost | $ | 5,283 | $ | 3,891 | $ | 6,426 | ||||||
Foreign currency, at cost | $ | — | $ | — | $ | 986 | ||||||
Securities loaned, at value | $ | 85,729 | $ | 35,619 | $ | 35,930 |
(A) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 89
For the yearn ended December 31, 2010
(all amounts in thousands)
Inflation- | ||||||||||||||||||||||||
High Quality | Protected | |||||||||||||||||||||||
Money Market | Bond | Securities | Core Bond | High Yield Bond | Balanced | |||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Interest income | $ | 3,384 | $ | 15,767 | $ | 8,393 | $ | 69,155 | $ | 62,181 | $ | 2,088 | ||||||||||||
Securities lending income (net) | — | 37 | 6 | 123 | — | (A) | 4 | |||||||||||||||||
Dividend income | — | — | — | 24 | 142 | 1,506 | ||||||||||||||||||
Withholding taxes on foreign income | — | — | — | — | (1 | ) | — | (A) | ||||||||||||||||
3,384 | 15,804 | 8,399 | 69,302 | 62,322 | 3,598 | |||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Advisory | 2,840 | 1,642 | 1,212 | 6,003 | 3,635 | 555 | ||||||||||||||||||
Custody | 150 | 71 | 85 | 548 | 140 | 133 | ||||||||||||||||||
Audit and tax | 16 | 15 | 17 | 33 | 17 | 15 | ||||||||||||||||||
Legal | 77 | 30 | — | (A) | 92 | 48 | 8 | |||||||||||||||||
Printing and shareholder reports | 7 | 3 | 3 | 1 | 4 | 8 | ||||||||||||||||||
Trustee and CCO | 26 | 11 | 8 | 39 | 15 | 3 | ||||||||||||||||||
Other | 17 | 7 | 5 | 37 | 11 | 2 | ||||||||||||||||||
Total expenses | 3,133 | 1,779 | 1,330 | 6,753 | 3,870 | 724 | ||||||||||||||||||
Expenses reimbursed/waived | — | — | — | — | — | (107 | ) | |||||||||||||||||
Net expenses | 3,133 | 1,779 | 1,330 | 6,753 | 3,870 | 617 | ||||||||||||||||||
Net investment income | 251 | 14,025 | 7,069 | 62,549 | 58,452 | 2,981 | ||||||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||||||
Investment securities | 7 | 3,943 | 12,025 | 30,773 | 22,236 | 2,173 | ||||||||||||||||||
Swap agreements | — | — | (969 | ) | (5,280 | ) | — | (132 | ) | |||||||||||||||
Futures contracts | — | — | 2,710 | (2,758 | ) | — | 390 | |||||||||||||||||
Written option and swaption contracts | — | — | 631 | 16,164 | — | 16 | ||||||||||||||||||
Foreign currency transactions | — | — | 401 | 5,175 | — | 20 | ||||||||||||||||||
Securities sold short | — | — | — | (528 | ) | — | (109 | ) | ||||||||||||||||
7 | 3,943 | 14,798 | 43,546 | 22,236 | 2,358 | |||||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | — | 1,444 | 470 | 35,661 | 16,058 | 10,742 | ||||||||||||||||||
Swap agreements | — | — | (862 | ) | 3,763 | — | — | |||||||||||||||||
Futures contracts | — | — | (149 | ) | 3,255 | — | (14 | ) | ||||||||||||||||
Written option and swaption contracts | — | — | (120 | ) | (7,695 | ) | — | (8 | ) | |||||||||||||||
Securities sold short | — | — | — | (1,038 | ) | — | 18 | |||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (134 | ) | (1,312 | ) | — | 5 | ||||||||||||||||
— | 1,444 | (795 | ) | 32,634 | 16,058 | 10,743 | ||||||||||||||||||
Net realized and unrealized gain | 7 | 5,387 | 14,003 | 76,180 | 38,294 | 13,101 | ||||||||||||||||||
Net increase in net assets resulting from operations | $ | 258 | $ | 19,412 | $ | 21,072 | $ | 138,729 | $ | 96,746 | $ | 16,082 | ||||||||||||
Large Value | Large Core | Large Growth | Mid Value | Mid Growth | Small Value | |||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Interest income | $ | — | (A) | $ | — | (A) | $ | 1 | $ | 3 | $ | — | (A) | $ | 1 | |||||||||
Securities lending income (net) | 99 | 40 | 129 | 267 | 24 | 10 | ||||||||||||||||||
Dividend income | 22,335 | 5,351 | 13,935 | 14,878 | 930 | 2,230 | ||||||||||||||||||
Withholding taxes on foreign income | (10 | ) | (20 | ) | (72 | ) | (20 | ) | (7 | ) | — | |||||||||||||
22,424 | 5,371 | 13,993 | 15,128 | 947 | 2,241 | |||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Advisory | 4,759 | 1,541 | 7,136 | 5,513 | 1,748 | 1,087 | ||||||||||||||||||
Custody | 102 | 24 | 255 | 107 | 41 | 23 | ||||||||||||||||||
Audit and tax | 28 | 16 | 33 | 9 | 6 | 16 | ||||||||||||||||||
Legal | 44 | 16 | 56 | 53 | 15 | 8 | ||||||||||||||||||
Printing and shareholder reports | 3 | 2 | — | 4 | 3 | 8 | ||||||||||||||||||
Trustee and CCO | 24 | 6 | 26 | 18 | 5 | 3 | ||||||||||||||||||
Other | 18 | 4 | 35 | 12 | 3 | 2 | ||||||||||||||||||
Total expenses | 4,978 | 1,609 | 7,541 | 5,716 | 1,821 | 1,147 | ||||||||||||||||||
Expenses reimbursed/waived | — | — | (42 | ) | — | — | (A) | (20 | ) | |||||||||||||||
Net expenses | 4,978 | 1,609 | 7,499 | 5,716 | 1,821 | 1,127 | ||||||||||||||||||
Net investment income (loss) | 17,446 | 3,762 | 6,494 | 9,412 | (874 | ) | 1,114 | |||||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||||||
Investment securities | 109,678 | 8,624 | 130,857 | 64,309 | 41,474 | 15,484 | ||||||||||||||||||
Foreign currency transactions | 1 | — | (A) | (12 | ) | (4 | ) | 1 | — | |||||||||||||||
109,679 | 8,624 | 130,845 | 64,305 | 41,475 | 15,484 | |||||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | 10,261 | 15,464 | 37,120 | 87,619 | 22,589 | 11,023 | ||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (A) | (1 | ) | — | (A) | — | (A) | — | — | ||||||||||||||
10,261 | 15,463 | 37,120 | 87,619 | 22,589 | 11,023 | |||||||||||||||||||
Net realized and unrealized gain | 119,940 | 24,087 | 167,965 | 151,924 | 64,064 | 26,507 | ||||||||||||||||||
Net increase in net assets resulting from operations | $ | 137,386 | $ | 27,849 | $ | 174,459 | $ | 161,336 | $ | 63,190 | $ | 27,621 | ||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 90
For the year ended December 31, 2010
(all amounts in thousands)
International | ||||||||||||
Small Core | Small Growth | Equity | ||||||||||
Investment income: | ||||||||||||
Interest income | $ | 1 | $ | — | (A) | $ | — | (A) | ||||
Securities lending income (net) | 337 | 146 | 487 | |||||||||
Dividend income | 3,685 | 541 | 20,591 | |||||||||
Withholding taxes on foreign income | — | (A) | (1 | ) | (1,006 | ) | ||||||
4,023 | 686 | 20,072 | ||||||||||
Expenses: | ||||||||||||
Advisory | 2,521 | 1,208 | 6,651 | |||||||||
Custody | 95 | 51 | 419 | |||||||||
Audit and tax | 16 | 15 | 24 | |||||||||
Legal | 20 | 9 | 70 | |||||||||
Printing and shareholder reports | 3 | 2 | 11 | |||||||||
Trustee and CCO | 7 | 3 | 19 | |||||||||
Other | 5 | 2 | 14 | |||||||||
Total expenses | 2,667 | 1,290 | 7,208 | |||||||||
Expenses reimbursed/waived | — | (40 | ) | — | ||||||||
Net expenses | 2,667 | 1,250 | 7,208 | |||||||||
Net investment income (loss) | 1,356 | (564 | ) | 12,864 | ||||||||
Net realized gain (loss) on transactions from: | ||||||||||||
Investment securities | 47,861 | 21,668 | 68,066 | |||||||||
Futures contracts | 138 | — | — | |||||||||
Foreign currency transactions | — | — | (1,529 | ) | ||||||||
47,999 | 21,668 | 66,537 | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||
Investment securities | 34,216 | 10,963 | 34,770 | |||||||||
Futures contracts | (52 | ) | — | — | ||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (1 | ) | (2,115 | ) | |||||||
34,164 | 10,962 | 32,655 | ||||||||||
Net realized and unrealized gain | 82,163 | 32,630 | 99,192 | |||||||||
Net increase in net assets resulting from operations | $ | 83,519 | $ | 32,066 | $ | 112,056 | ||||||
(A) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 91
For the years ended:
(all amounts in thousands)
Money Market | High Quality Bond | Inflation-Protected Securities | ||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 251 | $ | 4,556 | $ | 14,025 | $ | 14,943 | $ | 7,069 | $ | 3,718 | ||||||||||||
Net realized gain (loss) | 7 | 56 | 3,943 | (415 | ) | 14,798 | (842 | ) | ||||||||||||||||
Change in net unrealized appreciation (depreciation) | — | — | 1,444 | 22,148 | (795 | ) | 31,871 | |||||||||||||||||
Net increase in net assets resulting from operations | 258 | 4,612 | 19,412 | 36,676 | 21,072 | 34,747 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 662,569 | 1,027,545 | 195,218 | 235,138 | 57,416 | 78,906 | ||||||||||||||||||
Withdrawals | (730,338 | ) | (1,225,052 | ) | (228,017 | ) | (215,958 | ) | (120,488 | ) | (132,841 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from transactions in investors’ beneficial interests | (67,769 | ) | (197,507 | ) | (32,799 | ) | 19,180 | (63,072 | ) | (53,935 | ) | |||||||||||||
Net increase (decrease) in net assets | (67,511 | ) | (192,895 | ) | (13,387 | ) | 55,856 | (42,000 | ) | (19,188 | ) | |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,132,907 | 1,325,802 | 477,088 | 421,232 | 370,010 | 389,198 | ||||||||||||||||||
End of year | $ | 1,065,396 | $ | 1,132,907 | $ | 463,701 | $ | 477,088 | $ | 328,010 | $ | 370,010 | ||||||||||||
Core Bond | High Yield Bond | Balanced | ||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 62,549 | $ | 67,637 | $ | 58,452 | $ | 53,541 | $ | 2,981 | $ | 4,399 | ||||||||||||
Net realized gain (loss) | 43,546 | (29,343 | ) | 22,236 | (24,341 | ) | 2,358 | (17,018 | ) | |||||||||||||||
Change in net unrealized appreciation | 32,634 | 135,401 | 16,058 | 205,329 | 10,743 | 42,670 | ||||||||||||||||||
Net increase in net assets resulting from operations | 138,729 | 173,695 | 96,746 | 234,529 | 16,082 | 30,051 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 314,602 | 545,781 | 189,188 | 120,397 | 7,343 | 19,026 | ||||||||||||||||||
Contribution in-kind | — | 164,114 | — | — | — | — | ||||||||||||||||||
Series reorganizations | — | 60,639 | — | — | — | — | ||||||||||||||||||
Withdrawals | (580,856 | ) | (862,011 | ) | (218,768 | ) | (152,872 | ) | (44,822 | ) | (80,273 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (266,254 | ) | (91,477 | ) | (29,580 | ) | (32,475 | ) | (37,479 | ) | (61,247 | ) | ||||||||||||
Net increase (decrease) in net assets | (127,525 | ) | 82,218 | 67,166 | 202,054 | (21,397 | ) | (31,196 | ) | |||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,749,531 | 1,667,313 | 641,917 | 439,863 | 137,734 | 168,930 | ||||||||||||||||||
End of year | $ | 1,622,006 | $ | 1,749,531 | $ | 709,083 | $ | 641,917 | $ | 116,337 | $ | 137,734 | ||||||||||||
Large Value | Large Core | Large Growth | ||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 17,446 | $ | 27,267 | $ | 3,762 | $ | 4,050 | $ | 6,494 | $ | 10,856 | ||||||||||||
Net realized gain (loss) | 109,679 | (675,481 | ) | 8,624 | (52,167 | ) | 130,845 | (109,199 | ) | |||||||||||||||
Change in net unrealized appreciation | 10,261 | 814,282 | 15,463 | 102,075 | 37,120 | 436,386 | ||||||||||||||||||
Net increase in net assets resulting from operations | 137,386 | 166,068 | 27,849 | 53,958 | 174,459 | 338,043 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 97,725 | 153,363 | 25,843 | 25,021 | 77,698 | 269,103 | ||||||||||||||||||
Contribution in-kind | — | 41,832 | — | — | — | 83,167 | ||||||||||||||||||
Series reorganizations | — | 879 | — | — | — | 94,418 | ||||||||||||||||||
Withdrawals | (484,459 | ) | (549,649 | ) | (78,593 | ) | (79,857 | ) | (417,094 | ) | (573,994 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (386,734 | ) | (353,575 | ) | (52,750 | ) | (54,836 | ) | (339,396 | ) | (127,306 | ) | ||||||||||||
Net increase (decrease) in net assets | (249,348 | ) | (187,507 | ) | (24,901 | ) | �� | (878 | ) | (164,937 | ) | 210,737 | ||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,263,463 | 1,450,970 | 280,896 | 281,774 | 1,341,520 | 1,130,783 | ||||||||||||||||||
End of year | $ | 1,014,115 | $ | 1,263,463 | $ | 255,995 | $ | 280,896 | $ | 1,176,583 | $ | 1,341,520 | ||||||||||||
The notes to the financial statements are an integral part of this report. Transamerica Partners Portfolios | Annual Report 2010 |
Page 92
For the years ended:
(all amounts in thousands)
Mid Value | Mid Growth | Small Value | ||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 9,412 | $ | 9,785 | $ | (874 | ) | $ | (536 | ) | $ | 1,114 | $ | 1,730 | ||||||||||
Net realized gain (loss) | 64,305 | (182,248 | ) | 41,475 | (44,907 | ) | 15,484 | (24,300 | ) | |||||||||||||||
Change in net unrealized appreciation | 87,619 | 371,554 | 22,589 | 98,216 | 11,023 | 47,791 | ||||||||||||||||||
Net increase in net assets resulting from operations | 161,336 | 199,091 | 63,190 | 52,773 | 27,621 | 25,221 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 269,938 | 82,637 | 39,943 | 31,031 | 12,187 | 13,079 | ||||||||||||||||||
Withdrawals | (330,801 | ) | (103,316 | ) | (85,149 | ) | (61,021 | ) | (51,108 | ) | (49,201 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (60,863 | ) | (20,679 | ) | (45,206 | ) | (29,990 | ) | (38,921 | ) | (36,122 | ) | ||||||||||||
Net increase (decrease) in net assets | 100,473 | 178,412 | 17,984 | 22,783 | (11,300 | ) | (10,901 | ) | ||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 808,661 | 630,249 | 251,749 | 228,966 | 145,727 | 156,628 | ||||||||||||||||||
End of year | $ | 909,134 | $ | 808,661 | $ | 269,733 | $ | 251,749 | $ | 134,427 | $ | 145,727 | ||||||||||||
Small Core | Small Growth | International Equity | ||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 1,356 | $ | 2,206 | $ | (564 | ) | $ | (564 | ) | $ | 12,864 | $ | 13,884 | ||||||||||
Net realized gain (loss) | 47,999 | (117,450 | ) | 21,668 | (23,946 | ) | 66,537 | (416,301 | ) | |||||||||||||||
Change in net unrealized appreciation | 34,164 | 189,213 | 10,962 | 67,426 | 32,655 | 634,486 | ||||||||||||||||||
Net increase in net assets resulting from operations | 83,519 | 73,969 | 32,066 | 42,916 | 112,056 | 232,069 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 24,934 | 33,336 | 15,020 | 14,916 | 84,159 | 111,677 | ||||||||||||||||||
Withdrawals | (106,899 | ) | (156,923 | ) | (57,079 | ) | (57,621 | ) | (347,004 | ) | (399,757 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (81,965 | ) | (123,587 | ) | (42,059 | ) | (42,705 | ) | (262,845 | ) | (288,080 | ) | ||||||||||||
Net increase (decrease) in net assets | 1,554 | (49,618 | ) | (9,993 | ) | 211 | (150,789 | ) | (56,011 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 340,044 | 389,662 | 152,724 | 152,513 | 1,044,049 | 1,100,060 | ||||||||||||||||||
End of year | $ | 341,598 | $ | 340,044 | $ | 142,731 | $ | 152,724 | $ | 893,260 | $ | 1,044,049 | ||||||||||||
The notes to the financial statements are an integral part of this report. Transamerica Partners Portfolios | Annual Report 2010 |
Page 93
For the years ended:
Money Market | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 1,065,396 | $ | 1,132,907 | $ | 1,325,802 | $ | 1,050,796 | $ | 925,941 | ||||||||||
Total return | 0.02 | % | 0.36 | % | 2.44 | % | 5.17 | % | 4.86 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.28 | % | 0.27 | % | 0.27 | % | 0.28 | % | 0.28 | % | ||||||||||
After reimbursement | 0.28 | % | 0.27 | % | 0.27 | % | 0.28 | % | 0.28 | % | ||||||||||
Net investment income, to average net assets | 0.02 | % | 0.37 | % | 2.43 | % | 5.01 | % | 4.77 | % |
High Quality Bond | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 463,701 | $ | 477,088 | $ | 421,232 | $ | 833,291 | $ | 817,623 | ||||||||||
Total return | 4.20 | % | 9.83 | % | 0.55 | % | 5.34 | % | 4.38 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
After reimbursement | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income, to average net assets | 2.99 | % | 3.75 | % | 4.24 | % | 4.38 | % | 4.03 | % | ||||||||||
Portfolio turnover rate | 87 | % | 104 | % | 64 | % | 56 | % | 55 | % |
Inflation-Protected Securities | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 328,010 | $ | 370,010 | $ | 389,198 | $ | 149,013 | $ | 150,681 | ||||||||||
Total return | 6.23 | % | 10.22 | % | (2.14 | %) | 10.16 | % | 3.48 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.38 | % | 0.40 | % | 0.39 | % | 0.42 | % | 0.41 | % | ||||||||||
After reimbursement | 0.38 | % | 0.40 | % | 0.39 | % | 0.40 | % | 0.40 | % | ||||||||||
Net investment income, to average net assets | 2.04 | % | 1.02 | % | 4.99 | % | 5.26 | % | 4.50 | % | ||||||||||
Portfolio turnover rate | 117 | % | 118 | % | 154 | % | 340 | % | 525 | % |
Core Bond | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 1,622,006 | $ | 1,749,531 | $ | 1,667,313 | $ | 2,248,880 | $ | 2,077,821 | ||||||||||
Total return | 8.26 | % | 12.89 | % | (1.83 | %) | 6.67 | % | 4.17 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.39 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
After reimbursement | 0.39 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income, to average net assets | 3.65 | % | 4.45 | % | 5.12 | % | 4.81 | % | 4.50 | % | ||||||||||
Portfolio turnover rate | 633 | % | 1,014 | % (A) | 530 | % | 503 | % | 487 | % |
High Yield Bond | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 709,083 | $ | 641,917 | $ | 439,863 | $ | 538,727 | $ | 502,330 | ||||||||||
Total return | 15.81 | % | 57.21 | % | (28.90 | %) | 2.02 | % | 11.99 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.59 | % | 0.59 | % | 0.58 | % | 0.58 | % | 0.59 | % | ||||||||||
After reimbursement | 0.59 | % | 0.59 | % | 0.58 | % | 0.58 | % | 0.59 | % | ||||||||||
Net investment income, to average net assets | 8.84 | % | 10.10 | % | 9.57 | % | 7.97 | % | 7.86 | % | ||||||||||
Portfolio turnover rate | 98 | % | 98 | % | 54 | % | 96 | % | 93 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 94
For the years ended:
Balanced | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 116,337 | $ | 137,734 | $ | 168,930 | $ | 318,635 | $ | 381,649 | ||||||||||
Total return | 13.91 | % | 23.45 | % | (26.71 | %) | 1.79 | % | 11.74 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.59 | % | 0.55 | % | 0.53 | % | 0.52 | % | 0.53 | % | ||||||||||
After reimbursement | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | ||||||||||
Net investment income, to average net assets | 2.42 | % | 3.01 | % | 3.45 | % | 2.87 | % | 2.72 | % | ||||||||||
Portfolio turnover rate | 211 | % | 167 | % | 154 | % | 226 | % | 224 | % |
Large Value | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 1,014,115 | $ | 1,263,463 | $ | 1,450,970 | $ | 3,165,025 | $ | 3,538,944 | ||||||||||
Total return | 14.66 | % | 16.71 | % | (42.94 | %) | (1.75 | %) | 20.68 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.47 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
After reimbursement | 0.47 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
Net investment income, to average net assets | 1.65 | % | 2.22 | % | 2.53 | % | 1.68 | % | 1.47 | % | ||||||||||
Portfolio turnover rate | 62 | % | 124 | % (A) | 26 | % | 30 | % | 31 | % |
Large Core | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 255,995 | $ | 280,896 | $ | 281,774 | $ | 903,262 | $ | 1,159,020 | ||||||||||
Total return | 11.79 | % | 23.36 | % | (36.65 | %) | 2.11 | % | 11.77 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.63 | % | 0.62 | % | 0.65 | % | 0.64 | % | 0.63 | % | ||||||||||
After reimbursement | 0.63 | % | 0.62 | % | 0.65 | % | 0.64 | % | 0.63 | % | ||||||||||
Net investment income, to average net assets | 1.47 | % | 1.57 | % | 1.31 | % | 1.08 | % | 1.11 | % | ||||||||||
Portfolio turnover rate | 55 | % | 168 | % | 99 | % | 101 | % | 73 | % |
Large Growth | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 1,176,583 | $ | 1,341,520 | $ | 1,130,783 | $ | 2,444,761 | $ | 2,526,917 | ||||||||||
Total return | 16.62 | % | 35.56 | % | (39.87 | %) | 12.25 | % | 4.12 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.66 | % | 0.65 | % | 0.65 | % | 0.65 | % | 0.64 | % | ||||||||||
After reimbursement | 0.65 | % | 0.65 | % | 0.65 | % | 0.65 | % | 0.64 | % | ||||||||||
Net investment income, to average net assets | 0.56 | % | 0.97 | % | 0.92 | % | 0.61 | % | 0.43 | % | ||||||||||
Portfolio turnover rate | 119 | % | 102 | % (A) | 102 | % | 129 | % | 84 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 95
For the years ended:
Mid Value | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 909,134 | $ | 808,661 | $ | 630,249 | $ | 998,177 | $ | 936,974 | ||||||||||
Total return | 21.29 | % | 32.53 | % | (37.73 | %) | 2.62 | % | 18.33 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.69 | % | 0.70 | % | 0.70 | % | 0.70 | % | 0.71 | % | ||||||||||
After reimbursement | 0.69 | % | 0.70 | % | 0.70 | % | 0.70 | % | 0.70 | % | ||||||||||
Net investment income, to average net assets | 1.14 | % | 1.44 | % | 1.69 | % | 1.37 | % | 1.17 | % | ||||||||||
Portfolio turnover rate | 76 | % | 122 | % | 68 | % | 69 | % | 80 | % |
Mid Growth | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 269,733 | $ | 251,749 | $ | 228,966 | $ | 337,189 | $ | 309,909 | ||||||||||
Total return | 29.27 | % | 25.24 | % | (41.55 | %) | 30.42 | % | 2.17 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.75 | % | 0.76 | % | 0.75 | % | 0.75 | % | 0.75 | % | ||||||||||
After reimbursement | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | % | ||||||||||
Net investment loss, to average net assets | (0.36 | %) | (0.23 | %) | (0.02 | %) | (0.23 | %) | (0.31 | %) | ||||||||||
Portfolio turnover rate | 199 | % | 214 | % | 158 | % | 152 | % | 151 | % |
Small Value | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 134,427 | $ | 145,727 | $ | 156,628 | $ | 185,137 | $ | 236,317 | ||||||||||
Total return | 23.12 | % | 19.64 | % | (26.63 | %) | (7.74 | %) | 9.64 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.87 | % | 0.88 | % | 0.87 | % | 0.87 | % | 0.87 | % | ||||||||||
After reimbursement | 0.85 | % | 0.85 | % | 0.85 | % | 0.85 | % | 0.85 | % | ||||||||||
Net investment income, to average net assets | 0.84 | % | 1.24 | % | 1.94 | % | 1.36 | % | 0.27 | % | ||||||||||
Portfolio turnover rate | 121 | % | 103 | % | 117 | % | 94 | % | 105 | % |
Small Core | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 341,598 | $ | 340,044 | $ | 389,662 | $ | 950,197 | $ | 1,211,556 | ||||||||||
Total return | 29.89 | % | 27.64 | % | (36.06 | %) | (4.49 | %) | 11.77 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.85 | % | 0.85 | % | 0.85 | % | 0.84 | % | 0.85 | % | ||||||||||
After reimbursement | 0.85 | % | 0.85 | % | 0.85 | % | 0.84 | % | 0.85 | % | ||||||||||
Net investment income, to average net assets | 0.43 | % | 0.67 | % | 0.94 | % | 0.58 | % | 0.29 | % | ||||||||||
Portfolio turnover rate | 55 | % | 88 | % | 106 | % | 97 | % | 86 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 96
For the years ended:
Small Growth | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 142,731 | $ | 152,724 | $ | 152,513 | $ | 166,817 | $ | 155,003 | ||||||||||
Total return | 25.65 | % | 32.99 | % | (37.87 | %) | 8.64 | % | 8.71 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.93 | % | 0.93 | % | 0.93 | % | 0.92 | % | 1.04 | % | ||||||||||
After reimbursement | 0.90 | % | 0.90 | % | 0.90 | % | 0.90 | % | 0.90 | % | ||||||||||
Net investment loss, to average net assets | (0.41 | %) | (0.38 | %) | (0.18 | %) | (0.42 | %) | (0.29 | %) | ||||||||||
Portfolio turnover rate | 99 | % | 104 | % | 146 | % | 144 | % | 173 | % |
International Equity | ||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Net assets end of year (000’s) | $ | 893,260 | $ | 1,044,049 | $ | 1,100,060 | $ | 2,264,062 | $ | 2,101,152 | ||||||||||
Total return | 14.94 | % | 26.10 | % | (49.94 | %) | 11.69 | % | 27.31 | % | ||||||||||
Ratios and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
Before reimbursement | 0.81 | % | 0.82 | % | 0.84 | % | 0.87 | % | 0.87 | % | ||||||||||
After reimbursement | 0.81 | % | 0.82 | % | 0.84 | % | 0.87 | % | 0.87 | % | ||||||||||
Net investment income, to average net assets | 1.45 | % | 1.39 | % | 2.78 | % | 2.25 | % | 1.78 | % | ||||||||||
Portfolio turnover rate | 29 | % | 138 | % | 174 | % | 110 | % | 81 | % |
(A) | Excludes investment securities received in kind. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Annual Report 2010 |
Page 97
At December 31, 2010
(all amounts in thousands)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 98
At December 31, 2010
(all amounts in thousands)
Notional | ||||||||
Inflation-Protected Securities | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | 146 | $ | 1,485 | ||||
Sales | 136 | 266 | ||||||
Closing Buys | (223 | ) | (1,660 | ) | ||||
Expirations | (59 | ) | (91 | ) | ||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | — | $ | — |
Notional | ||||||||
Balanced | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | 30 | $ | 168 | ||||
Sales | 51 | 133 | ||||||
Closing Buys | (48 | ) | (208 | ) | ||||
Expirations | (13 | ) | (81 | ) | ||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | 20 | $ | 12 |
Notional | ||||||||
Core Bond | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | 893 | $ | 2,961 | ||||
Sales | 1,891 | 2,293 | ||||||
Closing Buys | (1,441 | ) | (3,595 | ) | ||||
Expirations | (492 | ) | (1,143 | ) | ||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | 851 | $ | 516 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 99
At December 31, 2010
(all amounts in thousands)
Notional | ||||||||
Inflation-Protected Securities | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | 946 | $ | 19,200 | ||||
Sales | 2,025 | 53,200 | ||||||
Closing Buys | (25 | ) | (5,200 | ) | ||||
Expirations | (975 | ) | (24,400 | ) | ||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | 1,971 | $ | 42,800 |
Notional | ||||||||
Balanced | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | — | $ | — | ||||
Sales | 16 | 2,594 | ||||||
Closing Buys | (16 | ) | (2,594 | ) | ||||
Expirations | — | — | ||||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | — | $ | — |
Notional | ||||||||
Core Bond | Premium | Amount | ||||||
Balance at December 31, 2009 | $ | 26,800 | $ | 576,400 | ||||
Sales | 56,766 | 1,658,680 | ||||||
Closing Buys | (24,858 | ) | (692,640 | ) | ||||
Expirations | (21,022 | ) | (757,740 | ) | ||||
Exercised | — | — | ||||||
Balance at December 31, 2010 | $ | 37,686 | $ | 784,700 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 100
At December 31, 2010
(all amounts in thousands)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 101
At December 31, 2010
(all amounts in thousands)
Portfolio | Commissions | |||
Large Growth | $ | 134 | ||
Mid Value | 251 | |||
Mid Growth | 52 | |||
Small Value | 48 | |||
Small Core | 55 | |||
Small Growth | 117 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 102
At December 31, 2010
(all amounts in thousands)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 103
At December 31, 2010
(all amounts in thousands)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 104
At December 31, 2010
(all amounts in thousands)
Investments | ||||
TFLIC Sub-accounts | in Portfolio | |||
Money Market | 4.82 | % | ||
High Quality Bond | 13.80 | |||
Inflation-Protected Securities | 15.01 | |||
Core Bond | 9.38 | |||
High Yield Bond | 5.99 | |||
Balanced | 51.47 | |||
Large Value | 30.44 | |||
Large Core | 49.58 | |||
Large Growth | 28.72 | |||
Mid Value | 4.64 | |||
Mid Growth | 1.92 | |||
Small Value | 2.76 | |||
Small Core | 46.74 | |||
Small Growth | 2.77 | |||
International Equity | 18.67 |
Investments | ||||
CIT Sub-accounts | in Portfolio | |||
Money Market | 14.14 | % | ||
High Quality Bond | 39.85 | |||
Inflation-Protected Securities | 15.58 | |||
Core Bond | 30.16 | |||
High Yield Bond | 27.34 | |||
Balanced | 5.98 | |||
Large Value | 21.92 | |||
Large Core | 11.70 | |||
Large Growth | 21.27 | |||
Mid Value | 12.83 | |||
Mid Growth | 36.79 | |||
Small Value | 43.32 | |||
Small Core | 11.96 | |||
Small Growth | 41.71 | |||
International Equity | 28.74 |
Investments | ||||
CTF Sub-accounts | in Portfolio | |||
Money Market | 0.25 | % | ||
High Quality Bond | 7.71 | |||
Inflation-Protected Securities | 4.12 | |||
Core Bond | 5.69 | |||
High Yield Bond | 16.63 | |||
Balanced | — | |||
Large Value | 4.46 | |||
Large Core | 3.36 | |||
Large Growth | 2.30 | |||
Mid Value | 24.37 | |||
Mid Growth | 9.32 | |||
Small Value | 4.79 | |||
Small Core | 1.34 | |||
Small Growth | 4.59 | |||
International Equity | 4.77 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 105
At December 31, 2010
(all amounts in thousands)
Advisory | ||||
Portfolio | Fee | |||
Money Market | 0.25 | % | ||
High Quality Bond | 0.35 | |||
Inflation-Protected Securities | 0.35 | |||
Core Bond | 0.35 | |||
High Yield Bond | 0.55 | |||
Balanced | 0.45 | |||
Large Value | 0.45 | |||
Large Core | 0.60 | |||
Large Growth | 0.62 | |||
Mid Value | 0.67 | |||
Mid Growth | 0.72 | |||
Small Value | 0.82 | |||
Small Core | 0.80 | |||
Small Growth | 0.87 | |||
International Equity | 0.75 |
Portfolio | Expense Cap | |||
Money Market | 0.30 | % | ||
High Quality Bond | 0.40 | |||
Inflation-Protected Securities | 0.40 | |||
Core Bond | 0.40 | |||
High Yield Bond | 0.60 | |||
Balanced | 0.50 | |||
Large Value | 0.50 | |||
Large Core | 0.65 | |||
Large Growth | 0.65 | |||
Mid Value | 0.70 | |||
Mid Growth | 0.75 | |||
Small Value | 0.85 | |||
Small Core | 0.85 | |||
Small Growth | 0.90 | |||
International Equity | 0.90 |
Brokerage | ||||
Portfolio | Commissions | |||
Balanced | $ | 1 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 106
At December 31, 2010
(all amounts in thousands)
Proceeds from maturities and sales of | ||||||||||||||||
Purchases of securities: | securities: | |||||||||||||||
Fund | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Money Market | $ | — | $ | — | $ | — | $ | — | ||||||||
High Quality Bond | 291,106 | 115,582 | 248,259 | 174,333 | ||||||||||||
Inflation-Protected Securities | 6,579 | 380,447 | 4,987 | 457,666 | ||||||||||||
Core Bond | 4,653,925 | 8,619,025 | 4,824,677 | 8,651,977 | ||||||||||||
High Yield Bond | 616,209 | — | 617,406 | — | ||||||||||||
Balanced | 167,115 | 92,825 | 189,374 | 95,518 | ||||||||||||
Large Value | 637,446 | — | 993,770 | — | ||||||||||||
Large Core | 138,739 | — | 187,295 | — | ||||||||||||
Large Growth | 1,360,053 | — | 1,686,216 | — | ||||||||||||
Mid Value | 602,390 | — | 653,837 | — | ||||||||||||
Mid Growth | 470,443 | — | 526,350 | — | ||||||||||||
Small Value | 155,155 | — | 194,076 | — | ||||||||||||
Small Core | 170,131 | — | 248,635 | — | ||||||||||||
Small Growth | 134,455 | — | 175,985 | — | ||||||||||||
International Equity | 248,334 | — | 503,289 | — |
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | |||||||||||
Location | contracts | contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Purchased options and swaptions, at value | $ | 751 | $ | — | $ | 751 | ||||||
Unrealized appreciation on forward foreign currency contracts | — | 15 | 15 | |||||||||
Unrealized appreciation on swap agreements | 175 | — | 175 | |||||||||
Unrealized appreciation on futures contracts | 58 | — | 58 | * | ||||||||
Liability derivatives | ||||||||||||
Unrealized depreciation on swap agreements | (164 | ) | — | (164 | ) | |||||||
Premium received on swap agreements | (4 | ) | — | (4 | ) | |||||||
Written options and Swaptions, at value | (1,900 | ) | — | (1,900 | ) | |||||||
Unrealized depreciation on futures contracts | (89 | ) | — | (89) | * | |||||||
Total | $ | (1,173 | ) | $ | 15 | $ | (1,158 | ) |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | |||||||||||
Location | contracts | contracts | Total | |||||||||
Realized Gain/(Loss) on derivatives recognized in income | ||||||||||||
Net realized gain on purchased option and swaption contracts | $ | 235 | $ | — | $ | 235 | ||||||
Net realized (loss) on swap agreements | (969 | ) | — | (969 | ) | |||||||
Net realized gain on futures contracts | 2,710 | — | 2,710 | |||||||||
Net realized gain on written option and swaption contracts | 631 | — | 631 | |||||||||
Net realized (loss) on forward foreign currency transactions | — | 377 | 377 | |||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts | (301 | ) | — | (301 | ) | |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on swap agreements | (862 | ) | — | (862 | ) | |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | (149 | ) | — | (149 | ) | |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | (120 | ) | — | (120 | ) | |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (135 | ) | (135 | ) | |||||||
Total | $ | 1,175 | $ | 242 | $ | 1,417 |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 107
At December 31, 2010
(all amounts in thousands)
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | |||||||||||||||
Location | contracts | contracts | Credit contracts | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Purchased options and swaptions, at value | $ | 27,977 | $ | — | $ | — | $ | 27,977 | ||||||||
Unrealized appreciation on forward foreign currency contracts | — | 76 | — | 76 | ||||||||||||
Premium paid on swap agreements | 752 | — | 30 | 782 | ||||||||||||
Unrealized appreciation on swap agreements | 3,813 | — | — | 3,813 | ||||||||||||
Unrealized appreciation on futures contracts | 1,946 | — | — | 1,946 | * | |||||||||||
Liability derivatives | ||||||||||||||||
Unrealized depreciation on swap agreements | (1,332 | ) | — | (262 | ) | (1,594 | ) | |||||||||
Premium received on swap agreements | — | — | (549 | ) | (549 | ) | ||||||||||
Written options and swaptions, at value | (38,046 | ) | — | (38,046 | ) | |||||||||||
Unrealized depreciation on futures contracts | (3,554 | ) | — | — | (3,554 | )* | ||||||||||
Total | $ | (8,444 | ) | $ | 76 | $ | (781 | ) | $ | (9,149 | ) |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | Credit | ||||||||||||||
Location | contracts | contracts | contracts | Total | ||||||||||||
Realized Gain/(Loss) on derivatives recognized in income | ||||||||||||||||
Net realized (loss) on purchased option and swaption contracts | $ | (6,351 | ) | $ | — | $ | — | $ | (6,351 | ) | ||||||
Net realized gain (loss) on swap agreements | 666 | — | (5,946 | ) | (5,280 | ) | ||||||||||
Net realized (loss) on futures contracts | (2,758 | ) | — | — | (2,758 | ) | ||||||||||
Net realized gain on written option and swaption contracts | 16,164 | — | — | 16,164 | ||||||||||||
Net realized gain on forward foreign currency transactions | — | 6,483 | — | 6,483 | ||||||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts | 626 | — | — | 626 | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on swap agreements | 1,360 | — | 2,403 | 3,763 | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | 3,255 | — | — | 3,255 | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | (7,695 | ) | — | — | (7,695 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (1,318 | ) | — | (1,318 | ) | ||||||||||
Total | $ | 5,267 | $ | 5,165 | $ | (3,543 | ) | $ | 6,889 |
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Equity contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Unrealized appreciation on futures contracts | $ | 13 | $ | 4 | $ | 17 | * | |||||
Liability derivatives | ||||||||||||
Written options and swaptions, at value | (23 | ) | — | (23 | ) | |||||||
Unrealized depreciation on futures contracts | (86 | ) | — | (86 | )* | |||||||
Total | $ | (96 | ) | $ | 4 | $ | (92 | ) |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 108
At December 31, 2010
(all amounts in thousands)
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | |||||||||||||||
Location | contracts | contracts | Equity contracts | Total | ||||||||||||
Realized Gain/(Loss) on derivatives recognized in income | ||||||||||||||||
Net realized gain on purchased option and swaption contracts | $ | (10 | ) | $ | 16 | $ | — | $ | 6 | |||||||
Net realized (loss) on swap agreements | (132 | ) | — | — | (132 | ) | ||||||||||
Net realized gain on futures contracts | 346 | — | 44 | 390 | ||||||||||||
Net realized gain on written option and swaption contracts | 16 | — | — | 16 | ||||||||||||
Net realized gain on forward foreign currency transactions | — | 28 | — | 28 | ||||||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts | 3 | — | — | 3 | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | (44 | ) | — | 30 | (14 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | (8 | ) | — | — | (8 | ) | ||||||||||
Total | $ | 171 | $ | 44 | $ | 74 | $ | 289 |
Derivatives not accounted for as hedging instruments
Location | Equity contracts | |||
Asset derivatives | ||||
Unrealized appreciation on futures contracts | $ | 27 | * |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Derivatives not accounted for as hedging instruments
Location | Equity contracts | |||
Realized Gain/(Loss) on derivatives recognized in income | ||||
Net realized gain on futures contracts | $ | 138 | ||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | (52 | ) | ||
Total | $ | 86 |
Derivatives not accounted for as hedging instruments
Foreign exchange | ||||
Location | contracts | |||
Liability derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | $ | (2,466 | ) |
Derivatives not accounted for as hedging instruments
Foreign exchange | ||||
Location | contracts | |||
Realized Gain/(Loss) on derivatives recognized in income | ||||
Net realized (loss) on forward foreign currency transactions | $ | (344 | ) | |
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||
Net increase (decrease) in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | (2,405 | ) | ||
Total | $ | (2,749 | ) |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 109
At December 31, 2010
(all amounts in thousands)
Transamerica Partners Portfolios | Annual Report 2010 |
Page 110
Transamerica Partners Portfolios | Annual Report 2010 |
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February 24, 2011
Transamerica Partners Portfolios | Annual Report 2010 |
Page 112
(unaudited)
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
INTERESTED BOARD MEMBER** | ||||||||||||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 2007 | Chairman, Board Member, President and Chief Executive Officer, TPP, TPFG, TPFG II and TAAVF (2007 — present); | 152 | N/A | |||||||
Chairman (2007 — present), Board Member (2006 — present), President and Chief Executive Officer (2006 — present), Senior Vice President (1999 — 2006), Chief Compliance Officer, General Counsel and Secretary (1999 — 2006), Transamerica Funds and TST; | ||||||||||||
Chairman (2007 — present), Board Member (2006 — present), President and Chief Executive Officer (2006 — present), Senior Vice President (2002 — 2006), General Counsel, Secretary and Chief Compliance Officer (2002 — 2006), TIS; | ||||||||||||
Chairman, President and Chief Executive Officer (2006 — present), Director (2002 — present), Senior Vice President (1999 — 2006), General Counsel and Secretary (2000 — 2006), Chief Compliance Officer (2004 — 2006), TAM; | ||||||||||||
Chairman, President and Chief Executive Officer (2006 — present), Senior Vice President (1999 — 2006), Director (2002 — present), General Counsel and Secretary (2001 — 2006), Transamerica Fund Services, Inc. (“TFS”); | ||||||||||||
Vice President, AFSG Securities Corporation (2001 —present); | ||||||||||||
Chairman and Board Member (2008 — present), President (2007 — 2010), Chief Executive Officer (2006 — 2010), Vice President, Secretary and Chief Compliance Officer (2003 — 2006), Transamerica Investors, Inc. (“TII”); |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 113
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Senior Vice President, General Counsel and Secretary, Transamerica Index Funds, Inc. (“TIF”) (2002 — 2004); and | ||||||||||||
Director, (2008 — present), Vice President, Transamerica Investment Services, Inc. (“TISI”) (2003 — 2005) and Transamerica Investment Management, LLC (“TIM”) (2001 — 2005). | ||||||||||||
INDEPENDENT BOARD MEMBERS*** | ||||||||||||
Sandra N. Bane (1952) | Board Member | Since 2008 | Retired (1999 — present); Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 — present); | 152 | Big 5 Sporting Goods (2002 — present); AGL Resources, Inc. (energy services holding company) (2008 — present) | |||||||
Board Member, TII (2003 — 2010); and | ||||||||||||
Partner, KPMG (1975 — 1999). | ||||||||||||
Leo J. Hill (1956) | Lead Independent Board Member | Since 2007 | Principal, Advisor Network Solutions, LLC (business consulting) (2006 — present); | 152 | N/A | |||||||
Board Member, TST (2001 — present); | ||||||||||||
Board Member, Transamerica Funds and TIS (2002 — present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); | ||||||||||||
President, L. J. Hill & Company (a holding company for privately-held assets) (1999 — present); | ||||||||||||
Market President, Nations Bank of Sun Coast Florida (1998 — 1999); | ||||||||||||
Chairman, President and Chief Executive Officer, Barnett Banks of Treasure Coast Florida (1994 — 1998); | ||||||||||||
Executive Vice President and Senior Credit Officer, Barnett Banks of Jacksonville, Florida (1991 — 1994); and | ||||||||||||
Senior Vice President and Senior Loan Administration Officer, Wachovia Bank of Georgia (1976 — 1991). | ||||||||||||
David W. Jennings (1946) | Board Member | Since 2009 | Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 — present); | 152 | N/A | |||||||
Board Member, TII (2009 — 2010); | ||||||||||||
Principal, Maxam Capital Management, LLC (2006 — 2008); and | ||||||||||||
Principal, Cobble Creek Management LP (2004 — 2006). |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 114
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Russell A. Kimball, Jr. (1944) | Board Member | Since 2007 | General Manager, Sheraton Sand Key Resort (1975 — present); | 152 | N/A | |||||||
Board Member, TST (1986 — present); | ||||||||||||
Board Member, Transamerica Funds, (1986 — 1990), (2002 — present); | ||||||||||||
Board Member, TIS (2002 — present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); and | ||||||||||||
Board Member, TII (2008 — 2010). | ||||||||||||
Eugene M. Mannella (1954) | Board Member | Since 1993 | Chief Executive Officer, HedgeServ Corporation (hedge fund administration) (2008 — present); | 152 | N/A | |||||||
Self-employed consultant (2006 — present); | ||||||||||||
President, ARAPAHO Partners LLC (limited purpose broker-dealer) (1998 — 2008); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 — present); | ||||||||||||
Board Member, Transamerica Funds, TST and TIS (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); and | ||||||||||||
President, International Fund Services (alternative asset administration) (1993 — 2005). | ||||||||||||
Norman R. Nielsen, Ph.D. (1939) | Board Member | Since 2007 | Retired (2005 — present); Board Member, Transamerica Funds, TST and TIS (2006 — present); | 152 | Buena Vista University Board of Trustees (2004 — present) | |||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); Director, Iowa Student Loan Service Corporation (2006 — present); Director, League for Innovation in the Community Colleges (1985 — 2005); | ||||||||||||
Director, Iowa Health Systems (1994 — 2003); | ||||||||||||
Director, U.S. Bank (1985 — 2006); and | ||||||||||||
President, Kirkwood Community College (1985 — 2005). | ||||||||||||
Joyce G. Norden (1939) | Board Member | Since 2002 | Retired (2004 — present); Board Member, TPFG, TPFG II and TAAVF (1993 — present); | 152 | Board of Governors, Reconstruction -ist Rabbinical College (2007 — present) | |||||||
Board Member, TPP (2002 — present); |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 115
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | by Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Board Member, Transamerica Funds, TST and TIS (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); and | ||||||||||||
Vice President, Institutional Advancement, Reconstructionist Rabbinical College (1996 — 2004). | ||||||||||||
Patricia L. Sawyer (1950) | Board Member | Since 1993 | Retired (2007 — present); President/Founder, Smith & Sawyer LLC (management consulting) (1989 — 2007); | 152 | Honorary Trustee, Bryant University (1996 — present) | |||||||
Board Member, Transamerica Funds, | ||||||||||||
TST and TIS (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 — present); | ||||||||||||
Trustee, Chair of Finance Committee and Chair of Nominating Committee (1987 — 1996), Bryant University; | ||||||||||||
Vice President, American Express (1987 — 1989); | ||||||||||||
Vice President, The Equitable (1986 — 1987); and | ||||||||||||
Strategy Consultant, Booz, Allen & Hamilton (1982 — 1986). | ||||||||||||
John W. Waechter (1952) | Board Member | Since 2007 | Attorney, Englander and Fischer, LLP (2008 — present); Retired (2004 — 2008); Board Member, TST and TIS (2004 — present); | 152 | Operation PAR, Inc. (2008 — present); West Central Florida Council — Boy Scouts of America (2008 — present) | |||||||
Board Member, Transamerica Funds (2005 — present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||||||||
Board Member, TII (2008 — 2010); | ||||||||||||
Employee, RBC Dain Rauscher (securities dealer) (2004); | ||||||||||||
Executive Vice President, Chief Financial Officer and Chief Compliance Officer, William R. Hough & Co. (securities dealer) (1979 — 2004); and | ||||||||||||
Treasurer, The Hough Group of Funds (1993 — 2004). |
* | Each Board Member shall hold office until: 1) his or her successor is elected and qualified or 2) he or she resigns, retires or his or her term as a Board Member is terminated in accordance with the Trust’s Declaration of Trust. | |
** | May be deemed an “interested person” (as that term is defined in the 1940 Act) of the Trust because of his employment with TAM or an affiliate of TAM. | |
*** | Independent Board Member means a Board Member who is not an “interested person” (as defined under the 1940 Act) of the Trust. |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 116
Term of Office | ||||||
and Length of | Principal Occupation(s) or Employment During | |||||
Name and Age | Position | Time Served* | Past 5 Years | |||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 2007 | See the table above. | |||
Dennis P. Gallagher (1970) | Vice President, General Counsel and Secretary | Since 2007 | Vice President, General Counsel and Secretary, Transamerica Funds, TST and TIS (2006 — present); | |||
Vice President, General Counsel and Secretary, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||
Vice President, General Counsel and Secretary, TII, (2006 — 2010); | ||||||
Director, Senior Vice President, General Counsel, Operations, and Secretary, TAM and TFS (2006 — present); | ||||||
Assistant Vice President, TCI (2007 — present); | ||||||
Director, Deutsche Asset Management (1998 — 2006); and | ||||||
Corporate Associate, Ropes & Gray LLP (1995 — 1998). | ||||||
Robert A. DeVault, Jr. (1965) | Vice President, Treasurer and Principal Financial Officer | Since 2009 | Vice President, Treasurer and Principal Financial Officer, (2010 — present), Assistant Treasurer, (2009 — 2010), Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF; | |||
Vice President, Treasurer and Principal Financial Officer, (2010), Assistant Treasurer, (2009 — 2010), TII; | ||||||
Vice President (2010 — present), Assistant Vice President (2007 — 2010) and Manager, Fund Administration, (2002 — 2007), TFS; and | ||||||
Vice President (2010 — present), TAM. | ||||||
Christopher A. Staples (1970) | Vice President and Chief Investment Officer | Since 2007 | Vice President and Chief Investment Officer (2007 — present), Senior Vice President — Investment Management (2006 — 2007), Vice President — Investment Management (2005 — 2006), Transamerica Funds, TST and TIS; | |||
Vice President and Chief Investment Officer, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||
Vice President and Chief Investment Officer (2007 — 2010); Vice President — Investment Administration (2005 — 2007), TII; | ||||||
Director (2005 — present), Senior Vice President — Investment Management (2006 — present) and Chief Investment Officer (2007 — present), TAM; | ||||||
Director, TFS (2005 — present); and |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 117
Term of Office | ||||||
and Length of | Principal Occupation(s) or Employment During | |||||
Name and Age | Position | Time Served* | Past 5 Years | |||
Assistant Vice President, Raymond James & Associates (1999 — 2004). | ||||||
Robert S. Lamont, Jr. (1973) | Vice President, Chief Compliance Officer and Conflicts of Interest Officer | Since 2010 | Vice President, Chief Compliance Officer and Conflicts of Interest Officer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 — present); | |||
Vice President and Senior Counsel, TAM and TFS (2007 — present); | ||||||
Senior Counsel, United States Securities and Exchange Commission (2004 — 2007); and | ||||||
Associate, Dechert, LLP (1999 — 2004). | ||||||
Bradley O. Ackerman (1966) | Anti-Money Laundering Officer | Since 2009 | Anti-Money Laundering Officer, TPP, TPFG, TPFG II and TAAVF (2009 — present); | |||
Anti-Money Laundering Officer, Transamerica Funds (2007 — present); | ||||||
Senior Compliance Officer, TAM (2007 — present); and | ||||||
Director, Institutional Services, Rydex Investments (2002 — 2007). | ||||||
Sarah L. Bertrand (1967) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 — present); | |||
Assistant Secretary, TII (2009 — 2010); | ||||||
Assistant Vice President and Director, Legal Administration, TAM and TFS (2007 — present); | ||||||
Assistant Secretary and Chief Compliance Officer, 40|86 Series Trust and 40|86 Strategic Income Fund 2000-2007; and | ||||||
Second Vice President and Assistant Secretary, Legal and Compliance, 40|86 Capital Management Inc. (1994-2007). | ||||||
Timothy J. Bresnahan (1968) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 — present); | |||
Assistant Secretary, TII (2009 — 2010); | ||||||
Counsel, TAM (2008 — present); | ||||||
Counsel (contract), Massachusetts Financial Services, Inc. (2007); | ||||||
Assistant Counsel, BISYS Fund Services Ohio, Inc. (2005 — 2007); and | ||||||
Associate, Greenberg Traurig, P.A. (2004 — 2005). |
Transamerica Partners Portfolios | Annual Report 2010 |
Page 118
Term of Office | ||||||
and Length of | Principal Occupation(s) or Employment During | |||||
Name and Age | Position | Time Served* | Past 5 Years | |||
Margaret A. Cullem-Fiore (1957) | Assistant Secretary | Since 2010 | Assistant Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 — present); | |||
Assistant Vice President, TCI (2009 — present); | ||||||
Vice President and Senior Counsel, TAM and TFS (2006 — present); | ||||||
Vice President and Senior Counsel, Transamerica Financial Advisors, Inc. (2004 — 2007); and | ||||||
Vice President and Senior Counsel, Western Reserve Life Assurance Co. of Ohio (2006). | ||||||
Richard E. Shield, Jr. (1974) | Tax Officer | Since 2008 | Tax Officer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 — present); | |||
Tax Officer, TII (2008 — 2010); | ||||||
Tax Manager, Jeffrey P. McClanathan, CPA (2006 — 2007) and Gregory, Sharer & Stuart (2005 — 2006); | ||||||
Tax Senior, Kirkland, Russ, Murphy & Tapp, P.A. (2003 — 2005); and | ||||||
Certified Public Accountant, Schultz, Chaipel & Co., LLP (1998 — 2003). | ||||||
Elizabeth Strouse (1974) | Assistant Treasurer | Since 2010 | Assistant Treasurer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2010 — present); | |||
Director, Fund Financial Services (2009 — present), TFS; | ||||||
Director, Fund Administration, TIAA-CREF (2007 — 2009); and | ||||||
Manager (2006 — 2007) and Senior (2003 — 2006) Accounting and Assurance, PricewaterhouseCoopers, LLC. |
* | Elected and serves at the pleasure of the Board of the Trust. |
Transamerica Partners Portfolios | Annual Report 2010 |
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440 Mamaroneck Avenue
Harrison, NY 10528
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other officers who serve a similar function. | |
(b) | Registrant’s code of ethics is reasonably designed as described in this Form N-CSR. | |
(c) | During the period covered by the report, the code of ethics was revised to reflect the appointment of a new Principal Financial Officer. In addition, Transamerica Investors, Inc. was deregistered as an investment management company and removed as a party to the Code of Ethics. | |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. | |
(e) | Not Applicable | |
(f) | Registrant has filed this code of ethics as an exhibit pursuant to Item 12(a)(1) of Form N-CSR. |
Fiscal Year Ended 12/31 | ||||||||||
(in thousands) | 2010* | 2009 | ||||||||
(a) | Audit Fees | $ | 13 | $ | 17 | |||||
(b) | Audit-related Fees (1) | $ | 1 | $ | 0 | |||||
(c) | Tax Fees (2) | $ | 0 | $ | 0 | |||||
(d) | All Other Fees | $ | 0 | N/A | ||||||
(e) (1) | Pre-approval policy (3) | |||||||||
(e) (2) | % of above that were pre-approved | 0 | % | 0 | % | |||||
(f) | If greater than 50%, disclose hours | N/A | N/A | |||||||
(g) | Non-audit fees rendered to Adviser (or affiliate that provided services to Registrant) | N/A | N/A | |||||||
(h) | Disclose whether the Audit Committee has considered whether the provisions of non-audit services rendered to the Adviser that were NOT pre-approved is compatible with maintaining the auditor’s independence. | Yes | Yes |
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(1) | Audit-Related Fees represent assurance and related services provided that are reasonably related to the performance of the audit of the financial statements of the Registrant, specifically data verification and agreed-upon procedures related to asset securitizations and agreed-upon procedures engagements. | |
(2) | Tax Fees represent tax compliance, tax planning and tax advice services provided in connection with the preparation and review of the Registrant’s tax returns. | |
(3) | The Audit Committee may delegate any portion of its authority, including the authority to grant pre-approvals of audit and permitted non-audit services, to one or more members or a subcommittee. Any decision of the subcommittee to grant pre-approvals shall be presented to the full Audit Committee at its next regularly scheduled meeting. | |
* | PricewaterhouseCoopers LLP (“PwC”) served as independent registered certified public accounting firm through April 7, 2010. On April 8, 2010, Ernst & Young LLP (“E&Y”) replaced PwC as the independent public accountant. Audit fees, audit-related fees, tax fees and all other fees include $13, $1, $0 and $0, respectively, billed to Transamerica Asset Allocation Variable Funds by E&Y for the fiscal year end December 31, 2010. |
(a) | The Registrant’s principal executive officer and principal financial officer evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are appropriately designed to ensure that information required to be disclosed by Registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to Registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. | ||
(b) | The Registrant’s principal executive officer and principal financial officer are aware of no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
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(a) | (1) Registrant’s code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached. (2) Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. (3) Not applicable. | |
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. The certification furnished pursuant to this paragraph is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to liability of that section. Such certification is not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates it by reference. |
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Transamerica Asset Allocation Variable Funds (Registrant) | ||||||
By: | /s/ John K. Carter | |||||
John K. Carter | ||||||
Chief Executive Officer | ||||||
Date: February 25, 2011 |
By: | /s/ John K. Carter | |||
John K. Carter | ||||
Chief Executive Officer | ||||
Date: February 25, 2011 | ||||
By: | /s/ Robert A. DeVault, Jr. | |||
Robert A. DeVault, Jr. | ||||
Principal Financial Officer | ||||
Date: February 25, 2011 |
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Exhibit No. | Description of Exhibit | |||
12(a)(1) | Code of Ethics for Principal Executive and Senior Financial Officers | |||
12(a)(2)(i) | Section 302 N-CSR Certification of Principal Executive Officer | |||
12(a)(2)(ii) | Section 302 N-CSR Certification of Principal Financial Officer | |||
12(b) | Section 906 N-CSR Certification of Principal Executive Officer and Principal Financial Officer |
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