ALLOCATION VARIABLE FUNDS
![(FUND NAMES GRAPHIC)](https://capedge.com/proxy/N-CSRS/0000950123-11-082815/y92082y9208202.gif)
Harrison, New York 10528
the Transamerica Partners Variable Funds:
John K. Carter | Christopher A. Staples, CFA | |
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 | Semi-Annual Report 2011 |
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 | $ | 1,028.10 | $ | 1.01 | $ | 1,023.80 | $ | 1.00 | 0.20 | % | ||||||||||||
Transamerica Asset Allocation Variable Funds - Intermediate Horizon Subaccount | 1,000.00 | 1,045.70 | 1.01 | 1,023.80 | 1.00 | 0.20 | % | |||||||||||||||||
Transamerica Asset Allocation Variable Funds - Intermediate/Long Horizon Subaccount | 1,000.00 | 1,052.90 | 1.02 | 1,023.80 | 1.00 | 0.20 | % |
(A) | Expenses are equal to each Subaccount’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 (181 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 | Semi-Annual Report 2011 |
Page 2
(the following charts summarize the Schedule of Investments of each Subaccount by asset type)
(unaudited)
% of | ||||
Transamerica Asset Allocation Variable Funds - | Net | |||
Short Horizon Subaccount | Assets | |||
Fixed Income | 89.0 | % | ||
Domestic Equity | 8.6 | |||
International Equity | 2.2 | |||
Money Market | 0.2 | |||
Other Assets and Liabilities — net | 0.0 | * | ||
Total | 100.0 | % | ||
% of | ||||
Transamerica Asset Allocation Variable Funds - | Net | |||
Intermediate Horizon Subaccount | Assets | |||
Fixed Income | 47.1 | % | ||
Domestic Equity | 40.2 | |||
International Equity | 12.5 | |||
Money Market | 0.2 | |||
Other Assets and Liabilities — net | 0.0 | * | ||
Total | 100.0 | % | ||
% of | ||||
Transamerica Asset Allocation Variable Funds - | Net | |||
Intermediate/Long Horizon Subaccount | Assets | |||
Domestic Equity | 53.5 | % | ||
Fixed Income | 28.3 | |||
International Equity | 18.0 | |||
Money Market | 0.2 | |||
Other Assets and Liabilities — net | 0.0 | * | ||
Total | 100.0 | % | ||
* | Amount rounds to less than (0.1)%. |
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 3
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.0% Ж | ||||||||
Domestic Equity - 8.6% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 5,657 | $ | 312 | |||||
Transamerica Partners Variable Large Value ‡ | 6,157 | 303 | ||||||
Transamerica Partners Variable Small Core ‡ | 5,029 | 203 | ||||||
Fixed Income - 89.0% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 112,655 | 4,458 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 85,597 | 1,499 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 41,476 | 1,025 | ||||||
Transamerica Partners Variable Inflation- Protected Securities ‡ | 58,646 | 1,520 | ||||||
International Equity - 2.2% | ||||||||
Transamerica Partners Variable International Equity ‡ | 9,572 | 209 | ||||||
Money Market - 0.2% | ||||||||
Transamerica Partners Variable Money Market ‡ | 924 | 19 | ||||||
Total Investment Companies (cost $7,911) # | 9,548 | |||||||
Other Assets and Liabilities — Net | (2 | ) | ||||||
Net Assets | $ | 9,546 | ||||||
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 $7,911. Aggregate gross/net unrealized appreciation for all securities in which there is an excess of value over tax cost was $1,637. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Prices | Inputs | Inputs | 06/30/2011 | |||||||||||||
Investment Companies | $ | 9,548 | $ | — | $ | — | $ | 9,548 |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 4
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.0% Ж | ||||||||
Domestic Equity - 40.2% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 69,177 | $ | 3,823 | |||||
Transamerica Partners Variable Large Value ‡ | 71,316 | 3,505 | ||||||
Transamerica Partners Variable Small Core ‡ | 61,559 | 2,479 | ||||||
Fixed Income - 47.1% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 137,597 | 5,445 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 107,235 | 1,878 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 58,868 | 1,455 | ||||||
Transamerica Partners Variable Inflation- Protected Securities ‡ | 105,941 | 2,745 | ||||||
International Equity - 12.5% | ||||||||
Transamerica Partners Variable International Equity ‡ | 139,633 | 3,046 | ||||||
Money Market - 0.2% | ||||||||
Transamerica Partners Variable Money Market ‡ | 1,879 | 40 | ||||||
Total Investment Companies (cost $20,712) # | 24,416 | |||||||
Other Assets and Liabilities — Net | (4 | ) | ||||||
Net Assets | $ | 24,412 | ||||||
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 $20,712. Aggregate gross/net unrealized appreciation for all securities in which there is an excess of value over tax cost was $3,704. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Prices | Inputs | Inputs | 06/30/2011 | |||||||||||||
Investment Companies | $ | 24,416 | $ | — | $ | — | $ | 24,416 | �� |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 5
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.0% Ж | ||||||||
Domestic Equity - 53.5% | ||||||||
Transamerica Partners Variable Large Growth ‡ | 117,942 | $ | 6,518 | |||||
Transamerica Partners Variable Large Value ‡ | 117,121 | 5,756 | ||||||
Transamerica Partners Variable Small Core ‡ | 112,934 | 4,548 | ||||||
Fixed Income - 28.3% | ||||||||
Transamerica Partners Variable Core Bond ‡ | 113,780 | 4,501 | ||||||
Transamerica Partners Variable High Quality Bond ‡ | 33,951 | 595 | ||||||
Transamerica Partners Variable High Yield Bond ‡ | 47,886 | 1,184 | ||||||
Transamerica Partners Variable Inflation- Protected Securities ‡ | 101,029 | 2,618 | ||||||
International Equity - 18.0% | ||||||||
Transamerica Partners Variable International Equity ‡ | 260,056 | 5,673 | ||||||
Money Market - 0.2% | ||||||||
Transamerica Partners Variable Money Market ‡ | 2,347 | 50 | ||||||
Total Investment Companies (cost $27,598) # | 31,443 | |||||||
Other Assets and Liabilities — Net | (5 | ) | ||||||
Net Assets | $ | 31,438 | ||||||
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 $27,598. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $3,927 and $82, respectively. Net unrealized appreciation for tax purposes is $3,845. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Prices | Inputs | Inputs | 06/30/2011 | |||||||||||||
Investment Companies | $ | 31,443 | $ | — | $ | — | $ | 31,443 |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 6
At June 30, 2011
(all amounts except unit value in thousands)
(unaudited)
Intermediate | Intermediate/Long | |||||||||||
Short Horizon | Horizon | Horizon | ||||||||||
Assets: | ||||||||||||
Investments in affiliated investment companies, at value | $ | 9,548 | $ | 24,416 | $ | 31,443 | ||||||
Receivables: | ||||||||||||
Units sold | — | (A) | 7 | 5 | ||||||||
Affiliated securities sold | — | 10 | 3 | |||||||||
9,548 | 24,433 | 31,451 | ||||||||||
Liabilities: | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||
Units redeemed | — | 17 | 8 | |||||||||
Affiliated securities purchased | — | (A) | — | — | ||||||||
Investment advisory fees | 2 | 4 | 5 | |||||||||
2 | 21 | 13 | ||||||||||
Net Assets | $ | 9,546 | $ | 24,412 | $ | 31,438 | ||||||
Net Assets Consist of: | ||||||||||||
Cost of accumulation units | 5,522 | 15,187 | 22,465 | |||||||||
(Accumulated) net investment (loss) | (212 | ) | �� | (604 | ) | (841 | ) | |||||
Undistributed net realized gains | 2,599 | 6,125 | 5,969 | |||||||||
Net unrealized appreciation on investments in affiliated investment companies | 1,637 | 3,704 | 3,845 | |||||||||
Net Assets | $ | 9,546 | $ | 24,412 | $ | 31,438 | ||||||
Accumulation units | 509 | 1,288 | 1,659 | |||||||||
Unit value | $ | 18.76 | $ | 18.96 | $ | 18.95 | ||||||
Investments in affiliated investment companies, at cost | $ | 7,911 | $ | 20,712 | $ | 27,598 | ||||||
(A) | Rounds to less than $1. |
For the period ended June 30, 2011
(all amounts in thousands)
(unaudited)
Intermediate | Intermediate/Long | |||||||||||
Short Horizon | Horizon | Horizon | ||||||||||
Investment advisory fees | $ | 9 | $ | 24 | $ | 31 | ||||||
Net realized and unrealized gain on investments in affiliates: | ||||||||||||
Realized gain from investments in affiliated investment companies | 91 | 450 | 251 | |||||||||
Change in net unrealized appreciation on investments in affiliated investment companies | 183 | 657 | 1,406 | |||||||||
Net realized and unrealized gain on investments in affiliated investment companies | 274 | 1,107 | 1,657 | |||||||||
Net increase in net assets resulting from operations | $ | 265 | $ | 1,083 | $ | 1,626 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 7
For the period or year ended:
(all amounts in thousands)
Short Horizon | Intermediate Horizon | Intermediate/Long Horizon | ||||||||||||||||||||||
Period Ended | Year Ended | Period Ended | Year Ended | Period Ended | Year Ended | |||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Investment advisory fees | $ | (9 | ) | $ | (19 | ) | $ | (24 | ) | $ | (47 | ) | $ | (31 | ) | $ | (58 | ) | ||||||
Net realized gain on investments in affiliated investment companies | 91 | 217 | 450 | 411 | 251 | 236 | ||||||||||||||||||
Change in net unrealized appreciation on investments in affiliated investment companies | 183 | 508 | 657 | 2,219 | 1,406 | 3,697 | ||||||||||||||||||
Net increase in net assets resulting from operations | 265 | 706 | 1,083 | 2,583 | 1,626 | 3,875 | ||||||||||||||||||
From unit transactions: | ||||||||||||||||||||||||
Units sold | 800 | 2,071 | 1,341 | 3,088 | 1,676 | 3,680 | ||||||||||||||||||
Units redeemed | (1,127 | ) | (3,281 | ) | (2,192 | ) | (5,786 | ) | (2,855 | ) | (7,042 | ) | ||||||||||||
Net decrease in net assets resulting from unit transactions | (327 | ) | (1,210 | ) | (851 | ) | (2,698 | ) | (1,179 | ) | (3,362 | ) | ||||||||||||
Total increase (decrease) in net assets | (62 | ) | (504 | ) | 232 | (115 | ) | 447 | 513 | |||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 9,608 | 10,112 | 24,180 | 24,295 | 30,991 | 30,478 | ||||||||||||||||||
End of period/year | $ | 9,546 | $ | 9,608 | $ | 24,412 | $ | 24,180 | $ | 31,438 | $ | 30,991 | ||||||||||||
Units outstanding beginning of period/year | 527 | 597 | 1,334 | 1,498 | 1,722 | 1,932 | ||||||||||||||||||
Units sold | 43 | 117 | 72 | 184 | 90 | 226 | ||||||||||||||||||
Units redeemed | (61 | ) | (187 | ) | (118 | ) | (348 | ) | (153 | ) | (436 | ) | ||||||||||||
Units outstanding end of period/year | 509 | 527 | 1,288 | 1,334 | 1,659 | 1,722 | ||||||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 8
For the period or years ended:
Short Horizon | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
For a unit outstanding throughout each period | (unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Unit value | ||||||||||||||||||||||||
Beginning of period/year | $ | 18.24 | $ | 16.95 | $ | 14.66 | $ | 16.28 | $ | 15.59 | $ | 14.91 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment (loss)(A) | (0.02 | ) | (0.04 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | ||||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 0.54 | 1.33 | 2.32 | (1.59 | ) | 0.72 | 0.71 | |||||||||||||||||
Total from investment operations | 0.52 | 1.29 | 2.29 | (1.62 | ) | 0.69 | 0.68 | |||||||||||||||||
Unit value | ||||||||||||||||||||||||
End of period/year | $ | 18.76 | $ | 18.24 | $ | 16.95 | $ | 14.66 | $ | 16.28 | $ | 15.59 | ||||||||||||
Total return | 2.81 | % (D) | 7.65 | % | 15.62 | % | (9.95 | )% | 4.43 | % | 4.56 | % | ||||||||||||
Net assets end of period/year (000’s) | $ | 9,546 | $ | 9,608 | $ | 10,112 | $ | 9,450 | $ | 11,097 | $ | 10,205 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % (C) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||
Net investment (loss), to average net assets | (0.20 | )% (C) | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | ||||||||||||
Portfolio turnover rate (E) | 19 | % (D) | 36 | % | 28 | % | 125 | % | 55 | % | 86 | % |
Intermediate Horizon | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
For a unit outstanding throughout each period | (unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Unit value | ||||||||||||||||||||||||
Beginning of period/year | $ | 18.13 | $ | 16.22 | $ | 13.46 | $ | 18.16 | $ | 17.44 | $ | 16.11 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment (loss)(A) | (0.02 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.04 | ) | (0.03 | ) | ||||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 0.85 | 1.94 | 2.79 | (4.67 | ) | 0.76 | 1.36 | |||||||||||||||||
Total from investment operations | 0.83 | 1.91 | 2.76 | (4.70 | ) | 0.72 | 1.33 | |||||||||||||||||
Unit value | ||||||||||||||||||||||||
End of period/year | $ | 18.96 | $ | 18.13 | $ | 16.22 | $ | 13.46 | $ | 18.16 | $ | 17.44 | ||||||||||||
Total return | 4.57 | % (D) | 11.81 | % | 20.51 | % | (25.88 | )% | 4.13 | % | 8.26 | % | ||||||||||||
Net assets end of period/year (000’s) | $ | 24,412 | $ | 24,180 | $ | 24,295 | $ | 21,990 | $ | 32,583 | $ | 29,956 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % (C) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||
Net investment (loss), to average net assets | (0.20 | )% (C) | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | ||||||||||||
Portfolio turnover rate (E) | 18 | % (D) | 25 | % | 34 | % | 111 | % | 18 | % | 55 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 9
For the period or years ended:
Intermediate/Long Horizon | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
For a unit outstanding throughout each period | (unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Unit value | ||||||||||||||||||||||||
Beginning of period/year | $ | 17.99 | $ | 15.78 | $ | 12.89 | $ | 19.30 | $ | 18.56 | $ | 16.87 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment (loss)(A) | (0.02 | ) | (0.03 | ) | (0.03 | ) | (0.03 | ) | (0.04 | ) | (0.03 | ) | ||||||||||||
From net realized and unrealized gains (loss) on affiliated investment companies | 0.98 | 2.24 | 2.92 | (6.38 | ) | 0.78 | 1.72 | |||||||||||||||||
Total from investment operations | 0.96 | 2.21 | 2.89 | (6.41 | ) | 0.74 | 1.69 | |||||||||||||||||
Unit value | ||||||||||||||||||||||||
End of period/year | $ | 18.95 | $ | 17.99 | $ | 15.78 | $ | 12.89 | $ | 19.30 | $ | 18.56 | ||||||||||||
Total return | 5.29 | % (D) | 14.05 | % | 22.42 | % | (33.21 | )% | 3.99 | % | 10.02 | % | ||||||||||||
Net assets end of period/year (000’s) | $ | 31,438 | $ | 30,991 | $ | 30,478 | $ | 33,453 | $ | 52,704 | $ | 47,293 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets(B) | 0.20 | % (C) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||
Net investment (loss), to average net assets | (0.20 | )% (C) | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | (0.20 | )% | ||||||||||||
Portfolio turnover rate (E) | 16 | % (D) | 23 | % | 54 | % | 105 | % | 21 | % | 63 | % |
(A) | Calculation is based on average number of units outstanding. | |
(B) | Ratios exclude expenses of the investment companies in which the Subaccounts invest. | |
(C) | Annualized. | |
(D) | Not Annualized. | |
(E) | Does not include the Portfolio activity of the underlying funds. | |
Note: Prior to January 1, 2010, all of the Financial Highlights were audited by another independent registered public accounting firm. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 10
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 11
At June 30, 2011
(all amounts in thousands)
(unaudited)
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 | $ | 1,859 | $ | — | $ | 2,195 | $ | — | ||||||||
Intermediate Horizon | 4,464 | — | 5,340 | — | ||||||||||||
Intermediate/Long Horizon | 4,990 | — | 6,201 | — |
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
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(unaudited)
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 13
(unaudited)
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 14
(unaudited)
Transamerica Asset Allocation Variable Funds | Semi-Annual Report 2011 |
Page 15
(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 | 38.1 | % | ||
Commercial Paper | 30.1 | |||
Short-Term U.S. Government Obligation | 9.2 | |||
Repurchase Agreement | 8.3 | |||
U.S. Government Obligation | 6.8 | |||
Corporate Debt Security | 4.6 | |||
Foreign Government Obligation | 1.5 | |||
Short-Term Foreign Government Obligation | 1.4 | |||
Other Assets and Liabilities — Net(A) | 0.0 | * | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners High Quality Bond Portfolio | Assets | |||
Corporate Debt Security | 37.9 | % | ||
Asset-Backed Security | 30.8 | |||
Mortgage-Backed Security | 20.6 | |||
Securities Lending Collateral | 4.7 | |||
U.S. Government Agency Obligation | 4.5 | |||
U.S. Government Obligation | 2.4 | |||
Foreign Government Obligation | 1.9 | |||
Repurchase Agreement | 1.4 | |||
Other Assets and Liabilities — Net(A) | (4 .2 | ) | ||
Total | 100.0 | % | ||
Transamerica Partners Inflation-Protected | % of Net | |||
Securities Portfolio | Assets | |||
U.S. Government Obligation | 93.7 | % | ||
Securities Lending Collateral | 7.2 | |||
Repurchase Agreement | 5.9 | |||
Purchased Swaption | 0.3 | |||
Foreign Government Obligation | 0.3 | |||
Structured Note Debt | 0.2 | |||
Mortgage-Backed Security | 0.2 | |||
Corporate Debt Security | 0.2 | |||
Purchased Option | 0.0 | * | ||
Other Assets and Liabilities — Net(A) | (8.0 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Core Bond Portfolio | Assets | |||
U.S. Government Agency Obligation | 45.6 | % | ||
Corporate Debt Security | 32.8 | |||
Mortgage-Backed Security | 15.9 | |||
Asset-Backed Security | 6.7 | |||
U.S. Government Obligation | 6.5 | |||
Securities Lending Collateral | 4.1 | |||
Foreign Government Obligation | 1.6 | |||
Purchased Swaption | 1.0 | |||
Municipal Government Obligation | 0.6 | |||
Preferred Corporate Debt Security | 0.4 | |||
Repurchase Agreement | 0.3 | |||
Purchased Option | 0.1 | |||
Convertible Bond | 0.1 | |||
Common Stock | 0.0 | * | ||
Warrant | 0.0 | * | ||
Preferred Stock | 0.0 | * | ||
Other Assets and Liabilities — Net(A) | (15.7 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners High Yield Bond Portfolio | Assets | |||
Corporate Debt Security | 86.4 | % | ||
Loan Assignment | 6.5 | |||
Repurchase Agreement | 4.6 | |||
Common Stock | 0.7 | |||
Preferred Stock | 0.6 | |||
Convertible Preferred Stock | 0.3 | |||
Convertible Bond | 0.1 | |||
Preferred Corporate Debt Security | 0.0 | ** | ||
Right | 0.0 | ** | ||
Investment Company | 0.0 | ** | ||
Warrant | 0.0 | ** | ||
Other Assets and Liabilities — Net(A) | 0.8 | |||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Balanced Portfolio | Assets | |||
Common Stock | 60.0 | % | ||
Securities Lending Collateral | 21.6 | |||
U.S. Government Agency Obligation | 19.4 | |||
Corporate Debt Security | 13.2 | |||
Mortgage-Backed Security | 5.7 | |||
Asset-Backed Security | 2.4 | |||
Foreign Government Obligation | 0.8 | |||
U.S. Government Obligation | 0.8 | |||
Repurchase Agreement | 0.7 | |||
Preferred Corporate Debt Security | 0.2 | |||
Warrant | 0.1 | |||
Municipal Government Obligation | 0.1 | |||
Preferred Stock | 0.1 | |||
Purchased Option | 0.0 | * | ||
Other Assets and Liabilities — Net(A) | (25.1 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Value Portfolio | Assets | |||
Common Stock | 98.2 | % | ||
Securities Lending Collateral | 2.6 | |||
Repurchase Agreement | 1.5 | |||
Other Assets and Liabilities — Net(A) | (2.3 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Core Portfolio | Assets | |||
Common Stock | 98.3 | % | ||
Securities Lending Collateral | 17.5 | |||
Repurchase Agreement | 1.8 | |||
Other Assets and Liabilities — Net(A) | (17.6 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Large Growth Portfolio | Assets | |||
Common Stock | 98.3 | % | ||
Securities Lending Collateral | 8.1 | |||
Repurchase Agreement | 1.2 | |||
Other Assets and Liabilities — Net(A) | (7.6 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Mid Value Portfolio | Assets | |||
Common Stock | 96.8 | % | ||
Securities Lending Collateral | 7.8 | |||
Repurchase Agreement | 2.6 | |||
Other Assets and Liabilities — Net(A) | (7.2 | ) | ||
Total | 100.0 | % | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 1
(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 | 99.2 | % | ||
Securities Lending Collateral | 25.5 | |||
Repurchase Agreement | 0.8 | |||
Other Assets and Liabilities — Net(A) | (25.5 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Value Portfolio | Assets | |||
Common Stock | 95.6 | % | ||
Securities Lending Collateral | 25.6 | |||
Repurchase Agreement | 4.2 | |||
Other Assets and Liabilities — Net(A) | (25.4 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Core Portfolio | Assets | |||
Common Stock | 97.5 | % | ||
Securities Lending Collateral | 25.7 | |||
Repurchase Agreement | 2.1 | |||
Investment Company | 0.2 | |||
Short-Term U.S. Government Obligation | 0.1 | |||
Other Assets and Liabilities — Net(A) | (25.6 | ) | ||
Total | 100.0 | % | ||
% of Net | ||||
Transamerica Partners Small Growth Portfolio | Assets | |||
Common Stock | 98.3 | % | ||
Securities Lending Collateral | 25.6 | |||
Warrant | 0.0 | * | ||
Other Assets and Liabilities — Net(A) | (23.9 | ) | ||
Total | 100.0 | % | ||
Transamerica Partners International | % of Net | |||
Equity Portfolio | Assets | |||
Common Stock | 95.6 | % | ||
Securities Lending Collateral | 9.3 | |||
Preferred Stock | 2.6 | |||
Repurchase Agreement | 1.1 | |||
Other Assets and Liabilities — Net(A) | (8.6 | ) | ||
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 | Semi-Annual Report 2011 |
Page 2
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
COMMERCIAL PAPER - 30.1% | ||||||||
Commercial Banks - 14.0% | ||||||||
Australia & New Zealand Banking Group, Ltd. | ||||||||
0.25%, 11/09/2011 - 144A | $ | 13,700 | $ | 13,688 | ||||
Banco Bilbao Vizcaya Argentaria SA | ||||||||
0.50%, 08/12/2011 - 144A | 24,600 | 24,586 | ||||||
Credit Suisse | ||||||||
0.19%, 07/14/2011 | 25,950 | 25,948 | ||||||
European Investment Bank | ||||||||
0.17%, 07/08/2011 | 20,500 | 20,499 | ||||||
HSBC USA, Inc. | ||||||||
0.12%, 07/13/2011 | 16,250 | 16,249 | ||||||
Kreditanstalt fuer Wiederaufbau | ||||||||
0.15%, 08/19/2011 - 144A | 13,300 | 13,297 | ||||||
UBS Finance Delaware LLC | ||||||||
0.32%, 12/12/2011 | 13,500 | 13,480 | ||||||
Westpac Banking Corp. | ||||||||
0.33%, 11/07/2011 - 144A | 10,050 | 10,038 | ||||||
Diversified Financial Services - 11.1% | ||||||||
JPMorgan Chase & Co. | ||||||||
0.00%, 07/01/2011 | 29,800 | 29,800 | ||||||
Nordea North America, Inc. | ||||||||
0.20%, 07/18/2011 | 10,650 | 10,649 | ||||||
0.23%, 12/09/2011 | 19,300 | 19,280 | ||||||
Rabobank USA Financial Corp. | ||||||||
0.21%, 09/09/2011 | 14,050 | 14,044 | ||||||
Societe Generale North America, Inc. | ||||||||
0.40%, 07/06/2011 | 19,100 | 19,099 | ||||||
0.53%, 08/08/2011 | 16,000 | 15,991 | ||||||
Food & Staples Retailing - 1.9% | ||||||||
Wal-Mart Stores, Inc. | ||||||||
0.05%, 07/11/2011 - 144A | 18,950 | 18,950 | ||||||
Household Products - 2.3% | ||||||||
Procter & Gamble International Funding SCA | ||||||||
0.07%, 07/05/2011 - 144A | 22,150 | 22,150 | ||||||
Pharmaceuticals - 0.8% | ||||||||
Novartis Securities Investment, Ltd. | ||||||||
0.18%, 10/11/2011 - 144A | 8,100 | 8,096 | ||||||
Total Commercial Paper (cost $295,844) | 295,844 | |||||||
CERTIFICATES OF DEPOSIT - 38.1% | ||||||||
Commercial Banks - 38.1% | ||||||||
Abbey National Treasury Services PLC | ||||||||
0.55%, 08/24/2011 * | 31,200 | 31,200 | ||||||
Bank of Montreal | ||||||||
0.14%, 07/06/2011 * | 17,400 | 17,400 | ||||||
Bank of Nova Scotia | ||||||||
0.24%, 07/01/2011 * | 21,000 | 21,000 | ||||||
Barclays Bank PLC | ||||||||
0.23%, 08/03/2011 * | 17,200 | 17,200 | ||||||
BNP Paribas | ||||||||
0.45%, 07/18/2011 * | 29,850 | 29,850 | ||||||
Commonwealth Bank of Australia | ||||||||
0.28%, 05/21/2012 - 144A * | 26,800 | 26,800 | ||||||
Credit Agricole SA | ||||||||
0.35%, 11/03/2011 * | 27,550 | 27,550 | ||||||
Deutsche Bank AG | ||||||||
0.20%, 10/17/2011 * | 27,350 | 27,350 | ||||||
Lloyds TSB Bank PLC | ||||||||
0.24%, 07/22/2011 | 15,500 | 15,500 | ||||||
Rabobank Nederland NV | ||||||||
0.31%, 10/12/2011 * | 23,450 | 23,451 | ||||||
Royal Bank of Canada | ||||||||
0.21%, 08/26/2011 * | 23,350 | 23,350 | ||||||
0.25%, 03/12/2012 * | 12,450 | 12,450 | ||||||
Svenska Handelsbanken AB | ||||||||
0.18%, 09/15/2011 | 19,650 | 19,650 | ||||||
0.20%, 08/18/2011 * | 14,350 | 14,350 | ||||||
Toronto-Dominion Bank | ||||||||
0.13%, 08/05/2011 * | 24,350 | 24,350 | ||||||
Westpac Banking Corp. | ||||||||
0.28%, 05/11/2012 * | 23,400 | 23,400 | ||||||
0.96%, 02/21/2012 * | 18,700 | 18,780 | ||||||
Total Certificate of Deposits (cost $373,631) | 373,631 | |||||||
CORPORATE DEBT SECURITIES - 4.6% | ||||||||
Commercial Banks - 1.7% | ||||||||
Eksportfinans ASA | ||||||||
5.13%, 10/26/2011 | 8,500 | 8,629 | ||||||
National Australia Bank, Ltd. | ||||||||
0.37%, 07/07/2011 - 144A * | 7,900 | 7,900 | ||||||
Diversified Financial Services - 2.9% | ||||||||
Shell International Finance BV | ||||||||
0.28%, 09/22/2011 * | 28,800 | 28,806 | ||||||
Total Corporate Debt Securities (cost $45,335) | 45,335 | |||||||
FOREIGN GOVERNMENT OBLIGATION - 1.5% | ||||||||
International Bank for Reconstruction & Development | ||||||||
0.24%, 07/13/2011 * | 14,550 | 14,550 | ||||||
Total Foreign Government Obligation (cost $14,550) | ||||||||
SHORT-TERM FOREIGN GOVERNMENT OBLIGATION - 1.4% | ||||||||
World Bank Discount Notes | ||||||||
0.04%, 07/27/2011 | 13,800 | 13,800 | ||||||
Total Short-Term Foreign Government Obligation (cost $13,800) | ||||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 9.2% | ||||||||
Fannie Mae | ||||||||
0.11%, 07/05/2011 | 19,500 | 19,500 | ||||||
0.13%, 12/01/2011 | 20,250 | 20,239 | ||||||
Freddie Mac | ||||||||
0.00%, 07/01/2011 | 15,500 | 15,500 | ||||||
0.03%, 08/10/2011 | 14,350 | 14,350 | ||||||
U.S. Treasury Bill | ||||||||
0.16%, 08/25/2011 | 20,500 | 20,494 | ||||||
Total Short-Term U.S. Government Obligations (cost $90,083) | 90,083 | |||||||
U.S. GOVERNMENT OBLIGATIONS - 6.8% | ||||||||
U.S. Treasury Note | ||||||||
0.75%, 11/30/2011 | 14,250 | 14,281 | ||||||
0.88%, 01/31/2012 | 16,850 | 16,918 | ||||||
1.00%, 07/31/2011 - 12/31/2011 | 36,000 | 36,078 | ||||||
Total U.S. Government Obligations (cost $67,277) | 67,277 | |||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 3
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENTS - 8.3% | ||||||||
Barclays Bank PLC 0.02% ▲, dated 06/30/2011, to be repurchased at $22,100 on 07/01/2011. Collateralized by a U.S. Government Obligation, 4.38%, due 11/15/2039, with a value of $22,542. | $ | 22,100 | $ | 22,100 | ||||
Deutsche Bank AG 0.01% ▲, dated 06/30/2011, to be repurchased at $7,700 on 07/01/2011. Collateralized by a U.S. Government Agency Obligation, 2.00%, due 12/09/2014, with a value of $7,856. | 7,700 | 7,700 | ||||||
Goldman Sachs 0.02% ▲, dated 06/30/2011, to be repurchased at $24,500 on 07/01/2011. Collateralized by a U.S. Government Agency Obligation, 1.25%, due 05/07/2012, with a value of $24,990. | 24,500 | 24,500 | ||||||
HSBC Bank USA 0.01% ▲, dated 06/30/2011, to be repurchased at $27,260 on 07/01/2011. Collateralized by U.S. Government Agency Obligations, 0.50% - 3.00%, due 10/30/2012 - 09/01/2016, with a total value of $27,808. | 27,260 | 27,260 | ||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $5 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $10. | 5 | 5 | ||||||
Total Repurchase Agreements (cost $81,565) | 81,565 | |||||||
Total Investment Securities (cost $982,085) # | 982,085 | |||||||
Other Assets and Liabilities — Net | 128 | |||||||
Net Assets | $ | 982,213 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $982,085. |
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 06/30/2011, these securities aggregated $145,505, or 14.81%, of the fund’s net assets. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 4
At June 30, 2011
(all amounts in thousands)
(unaudited)
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Certificates of Deposit | $ | — | $ | 373,631 | $ | — | $ | 373,631 | ||||||||
Commercial Papers | — | 295,844 | — | 295,844 | ||||||||||||
Corporate Debt Securities | — | 45,335 | — | 45,335 | ||||||||||||
Foreign Government Obligations | — | 14,550 | — | 14,550 | ||||||||||||
Repurchase Agreement | — | 81,565 | — | 81,565 | ||||||||||||
Short-Term Foreign Government Obligations | — | 13,800 | — | 13,800 | ||||||||||||
Short-Term U.S. Government Obligations | — | 90,083 | — | 90,083 | ||||||||||||
U.S. Government Obligations | — | 67,277 | — | 67,277 | ||||||||||||
Total | $ | — | $ | 982,085 | $ | — | $ | 982,085 | ||||||||
э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 5
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 2.4% | ||||||||
U.S. Treasury Note | ||||||||
0.50%, 05/31/2013 ^ | $ | 4,000 | $ | 4,004 | ||||
0.75%, 03/31/2013 | 7,200 | 7,242 | ||||||
Total U.S. Government Obligations (cost $11,222) | 11,246 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.5% | ||||||||
Fannie Mae | ||||||||
1.75%, 02/22/2013 | 4,000 | 4,083 | ||||||
2.50%, 05/15/2014 ^ | 950 | 992 | ||||||
4.00%, 12/25/2029 - 07/25/2033 | 699 | 716 | ||||||
4.50%, 09/01/2013 | 700 | 743 | ||||||
5.50%, 12/01/2022 | 739 | 808 | ||||||
6.00%, 07/01/2014 - 09/01/2014 | 215 | 234 | ||||||
Freddie Mac | ||||||||
1.00%, 03/27/2013 ^ | 5,000 | 5,047 | ||||||
2.87%, 12/15/2016 | 460 | 463 | ||||||
3.38%, 03/15/2018 | 2,038 | 2,113 | ||||||
4.00%, 09/15/2016 - 09/15/2017 | 1,543 | 1,568 | ||||||
5.50%, 06/01/2014 - 04/01/2017 | 377 | 406 | ||||||
6.00%, 10/15/2021 | 1,203 | 1,242 | ||||||
6.50%, 02/01/2013 - 04/01/2013 | 46 | 49 | ||||||
Ginnie Mae | ||||||||
4.66%, 12/16/2030 * | 1,681 | 1,768 | ||||||
5.75%, 12/15/2022 | 785 | 876 | ||||||
Total U.S. Government Agency Obligations (cost $20,603) | 21,108 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 1.9% | ||||||||
Province of Ontario Canada | ||||||||
1.38%, 01/27/2014 | 4,795 | 4,823 | ||||||
Province of Quebec Canada | ||||||||
4.88%, 05/05/2014 ^ | 3,650 | 4,033 | ||||||
Total Foreign Government Obligations (cost $8,816) | 8,856 | |||||||
MORTGAGE-BACKED SECURITIES - 20.6% | ||||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2002-PBW1, Class A1 3.97%, 11/11/2035 * | 41 | 41 | ||||||
Series 2007-PW15, Class A2 5.21%, 02/11/2044 | 1,168 | 1,186 | ||||||
CFCRE Commercial Mortgage Trust | ||||||||
Series 2011-C1, Class A2 3.76%, 04/15/2044 - 144A | 3,000 | 3,045 | ||||||
Commercial Mortgage Pass-Through Certificates | ||||||||
Series 2001-J2A, Class B 6.30%, 07/16/2034 - 144A | 2,425 | 2,433 | ||||||
Series 2005-LP5, Class A2 4.63%, 05/10/2043 | 1,272 | 1,282 | ||||||
Series 2006-C8, Class A3 5.31%, 12/10/2046 | 5,690 | 5,920 | ||||||
Community Program Loan Trust | ||||||||
Series 1987-A, Class A4 4.50%, 10/01/2018 | 324 | 327 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2004-C5, Class A2 4.18%, 11/15/2037 | 853 | 852 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2007-C5, Class A2 5.59%, 09/15/2040 | 3,000 | 3,082 | ||||||
Crusade Global Trust | ||||||||
Series 2004-2, Class A1 0.39%, 11/19/2037 * | 431 | 420 | ||||||
CW Capital Cobalt, Ltd. | ||||||||
Series 2006-C1, Class A2 5.17%, 08/15/2048 | 3,194 | 3,266 | ||||||
GE Capital Commercial Mortgage Corp. | ||||||||
Series 2005-C1, Class A2 4.35%, 06/10/2048 | 2,745 | 2,747 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2005-GG3, Class A2 4.31%, 08/10/2042 | 1,360 | 1,365 | ||||||
Series 2006-GG7, Class A2 5.88%, 07/10/2038 * | 1,729 | 1,729 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2004-GG2, Class A4 4.96%, 08/10/2038 | 4,400 | 4,432 | ||||||
Series 2006-GG6, Class A2 5.51%, 04/10/2038 * | 616 | 616 | ||||||
Series 2006-GG6, Class AAB 5.59%, 04/10/2038 * | 4,067 | 4,322 | ||||||
Series 2006-GG8, Class AAB 5.54%, 11/10/2039 | 4,700 | 5,018 | ||||||
Series 2007-GG10, Class AAB 5.80%, 08/10/2045 * | 5,010 | 5,249 | ||||||
Interstar Millennium Trust | ||||||||
Series 2003-3G, Class A2 0.75%, 09/27/2035 * | 179 | 165 | ||||||
JP Morgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2002-C2, Class A1 4.33%, 12/12/2034 | 60 | 60 | ||||||
Series 2006-LDP7, Class A2 6.05%, 04/15/2045 * | 978 | 977 | ||||||
Series 2007-C1, Class A3 5.79%, 02/15/2051 | 7,000 | 7,460 | ||||||
LB Commercial Conduit Mortgage Trust | ||||||||
Series 1999-C2, Class G 6.72%, 10/15/2032 - 144A | 2,732 | 2,729 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2003-C7, Class A3 4.56%, 09/15/2027 * | 4,550 | 4,579 | ||||||
Series 2005-C7, Class A2 5.10%, 11/15/2030 | 623 | 623 | ||||||
Series 2006-C4, Class AAB 5.84%, 06/15/2032 * | 3,966 | 4,245 | ||||||
Series 2006-C7, Class A2 5.30%, 11/15/2038 | 2,607 | 2,628 | ||||||
Series 2007-C2, Class A2 5.30%, 02/15/2040 | 4,220 | 4,305 | ||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2005-MKB2, Class A2 4.81%, 09/12/2042 | 2,070 | 2,069 | ||||||
Series 2006-C1, Class A2 5.63%, 05/12/2039 * | 470 | 485 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | ||||||||
Series 2007-8, Class A2 6.13%, 08/12/2049 * | 2,000 | 2,093 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 6
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2003-C5, Class A1 2.99%, 06/15/2035 | $ | 576 | $ | 575 | ||||
Series 2003-C9, Class A3 4.61%, 12/15/2035 | 1,094 | 1,117 | ||||||
Series 2007-C30, Class A3 5.25%, 12/15/2043 | 4,700 | 4,811 | ||||||
Series 2007-C30, Class APB 5.29%, 12/15/2043 | 5,000 | 5,301 | ||||||
Series 2007-C33, Class A3 6.10%, 02/15/2051 * | 4,300 | 4,571 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2005-9, Class 1A1 4.75%, 10/25/2035 | 494 | 496 | ||||||
Total Mortgage-Backed Securities (cost $95,732) | 96,621 | |||||||
ASSET-BACKED SECURITIES - 30.8% | ||||||||
AmeriCredit Automobile Receivables Trust | ||||||||
Series 2009-1, Class B 9.79%, 04/15/2014 | 1,000 | 1,105 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2010-5A, Class A 3.15%, 03/20/2017 - 144A | 2,000 | 2,022 | ||||||
BMW Vehicle Lease Trust | ||||||||
Series 2009-1, Class A3 2.91%, 03/15/2012 | 300 | 301 | ||||||
BMW Vehicle Owner Trust | ||||||||
Series 2010-A, Class A4 2.10%, 10/25/2016 | 4,000 | 4,097 | ||||||
Cabela’s Master Credit Card Trust | ||||||||
Series 2006-3A, Class A1 5.26%, 10/15/2014 - 144A | 3,000 | 3,028 | ||||||
Capital One Multi-Asset Execution Trust | ||||||||
Series 2006-10, Class A 5.15%, 06/16/2014 | 3,000 | 3,018 | ||||||
Series 2008-A3, Class A3 5.05%, 02/15/2016 | 4,750 | 5,107 | ||||||
CarMax Auto Owner Trust | ||||||||
Series 2010-2, Class A3 1.41%, 02/16/2015 | 4,750 | 4,791 | ||||||
CenterPoint Energy Transition Bond Co., LLC | ||||||||
Series 2009-1, Class A1 1.83%, 02/15/2016 | 4,119 | 4,186 | ||||||
Chase Funding Mortgage Loan Asset-Backed Certificates | ||||||||
Series 2003-4, Class 1A6 4.43%, 10/25/2014 * | 1,346 | 1,356 | ||||||
CIT Equipment Collateral | ||||||||
Series 2009-VT1, Class A3 3.07%, 08/15/2016 - 144A | 688 | 692 | ||||||
Citibank Credit Card Issuance Trust | ||||||||
Series 2009-A5, Class A5 2.25%, 12/23/2014 | 3,000 | 3,071 | ||||||
Citibank Omni Master Trust | ||||||||
Series 2009-A8, Class A8 2.29%, 05/16/2016 - 144A * | 2,850 | 2,884 | ||||||
CNH Equipment Trust | ||||||||
Series 2009-B, Class A4 5.17%, 10/15/2014 | 2,794 | 2,873 | ||||||
Series 2009-C, Class A4 3.00%, 08/17/2015 | 3,000 | 3,080 | ||||||
Series 2009-C, Class B 4.98%, 04/15/2016 | 500 | 528 | ||||||
Series 2010-A, Class B 4.04%, 09/15/2016 | 2,175 | 2,244 | ||||||
Series 2010-B, Class A4 1.74%, 01/17/2017 | 4,400 | 4,437 | ||||||
Discover Card Master Trust | ||||||||
Series 2008-A4, Class A4 5.65%, 12/15/2015 | 4,500 | 4,919 | ||||||
Entergy Texas Restoration Funding LLC | ||||||||
Series 2009-A, Class A1 1.00%, 02/01/2016 | 1,874 | 1,917 | ||||||
Ford Credit Auto Owner Trust | ||||||||
Series 2006-C, Class D 6.89%, 05/15/2013 - 144A | 2,000 | 2,013 | ||||||
Series 2007-A, Class B 5.60%, 10/15/2012 | 1,000 | 1,020 | ||||||
Series 2010-A, Class A3 1.32%, 06/15/2014 | 2,630 | 2,645 | ||||||
Series 2010-B, Class A4 1.58%, 09/15/2015 | 2,725 | 2,750 | ||||||
Series 2010-B, Class B 2.54%, 02/15/2016 | 5,500 | 5,654 | ||||||
Ford Credit Floorplan Master Owner Trust | ||||||||
Series 2010-5, Class A1 1.50%, 09/15/2015 | 2,000 | 2,008 | ||||||
GE Capital Credit Card Master Note Trust | ||||||||
Series 2009-2, Class A 3.69%, 07/15/2015 | 4,377 | 4,502 | ||||||
Series 2010-3, Class A 2.21%, 06/15/2016 | 3,000 | 3,071 | ||||||
GE Equipment Midticket LLC | ||||||||
Series 2009-1, Class A4 3.13%, 11/16/2020 | 4,750 | 4,892 | ||||||
GE Equipment Transportation LLC | ||||||||
Series 2011-1, Class A4 1.33%, 05/20/2019 | 1,000 | 996 | ||||||
Honda Auto Receivables Owner Trust | ||||||||
Series 2009-2, Class A3 2.79%, 01/16/2012 | 547 | 551 | ||||||
Series 2009-2, Class A4 4.43%, 08/15/2012 | 2,650 | 2,751 | ||||||
Series 2010-1, Class A3 1.25%, 10/21/2013 | 2,262 | 2,272 | ||||||
Hyundai Auto Receivables Trust | ||||||||
Series 2008-A, Class A3 4.93%, 12/17/2012 | 875 | 884 | ||||||
Series 2010-B, Class A4 1.63%, 03/15/2017 | 2,000 | 1,999 | ||||||
Series 2011-A, Class A4 1.78%, 12/15/2015 | 3,000 | 3,032 | ||||||
Macquarie Equipment Funding Trust | ||||||||
Series 2011-A, Class A3 1.91%, 04/20/2017 - 144A | 1,800 | 1,816 | ||||||
Massachusetts RRB Special Purpose Trust | ||||||||
Series 2005-1, Class A4 4.40%, 03/15/2015 | 1,582 | 1,647 | ||||||
MBNA Credit Card Master Note Trust | ||||||||
Series 2004-B1, Class B1 4.45%, 08/15/2016 | 1,100 | 1,180 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 7
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Mercedes-Benz Auto Receivables Trust | ||||||||
Series 2010-1, Class A3 1.42%, 08/15/2014 | $ | 1,745 | $ | 1,759 | ||||
MMAF Equipment Finance LLC | ||||||||
Series 2009-AA, Class A4 3.51%, 01/15/2030 - 144A | 5,385 | 5,637 | ||||||
Nissan Auto Lease Trust | ||||||||
Series 2009-B, Class A3 2.07%, 01/15/2015 | 602 | 604 | ||||||
North Carolina State Education Assistance Authority | ||||||||
Series 2011-2, Class A1 0.79%, 10/26/2020 * | 1,500 | 1,497 | ||||||
Popular ABS Mortgage Pass-Through Trust | ||||||||
Series 2005-3, Class AF3 4.44%, 07/25/2035 * | 186 | 186 | ||||||
Railcar Leasing LLC | ||||||||
Series 1, Class A2 7.13%, 01/15/2013 - 144A ә | 4,659 | 4,874 | ||||||
Toyota Auto Receivables Owner Trust | ||||||||
Series 2010-A, Class A3 1.27%, 12/16/2013 | 4,000 | 4,021 | ||||||
USAA Auto Owner Trust | ||||||||
Series 2009-2, Class A4 2.53%, 06/17/2013 | 1,005 | 1,034 | ||||||
Series 2010-1, Class A3 1.30%, 06/16/2014 | 2,578 | 2,590 | ||||||
Volkswagen Auto Lease Trust | ||||||||
Series 2009-A, Class A3 3.41%, 04/16/2012 | 827 | 830 | ||||||
Volkswagen Auto Loan Enhanced Trust | ||||||||
Series 2010-1, Class A4 2.14%, 08/22/2016 | 1,870 | 1,911 | ||||||
Series 2011-1, Class A3 1.22%, 06/22/2015 | 3,250 | 3,269 | ||||||
World Financial Network Credit Card Master Trust | ||||||||
Series 2009-B, Class A 3.79%, 05/15/2016 | 2,450 | 2,512 | ||||||
Series 2009-D, Class A 4.66%, 05/15/2017 | 1,250 | 1,334 | ||||||
Series 2010-A, Class A 3.96%, 04/15/2019 | 4,750 | 5,024 | ||||||
World Omni Auto Receivables Trust | ||||||||
Series 2010-A, Class A4 2.21%, 09/15/2013 | 2,200 | 2,245 | ||||||
World Omni Automobile Lease Securitization Trust | ||||||||
Series 2011-A, Class A3 1.49%, 10/15/2014 | 3,750 | 3,766 | ||||||
Total Asset-Backed Securities (cost $143,478) | 144,432 | |||||||
CORPORATE DEBT SECURITIES - 37.9% | ||||||||
Beverages - 2.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
2.50%, 03/26/2013 | 4,700 | 4,816 | ||||||
Bottling Group LLC | ||||||||
6.95%, 03/15/2014 | 4,210 | 4,826 | ||||||
Capital Markets - 4.0% | ||||||||
Credit Suisse | ||||||||
5.50%, 05/01/2014 ^ | 4,230 | 4,646 | ||||||
Goldman Sachs Group, Inc. | ||||||||
0.45%, 02/06/2012 * ^ | 4,330 | 4,329 | ||||||
3.63%, 08/01/2012 | 3,005 | 3,093 | ||||||
Morgan Stanley | ||||||||
6.00%, 05/13/2014 | 6,100 | 6,644 | ||||||
Chemicals - 0.6% | ||||||||
Airgas, Inc. | ||||||||
4.50%, 09/15/2014 | 2,591 | 2,774 | ||||||
Commercial Banks - 4.1% | ||||||||
Bank of Nova Scotia | ||||||||
2.25%, 01/22/2013 | 6,640 | 6,797 | ||||||
PNC Funding Corp. | ||||||||
3.00%, 05/19/2014 | 4,175 | 4,328 | ||||||
Wells Fargo Bank NA — Series AI | ||||||||
4.75%, 02/09/2015 ^ | 5,000 | 5,348 | ||||||
Westpac Banking Corp. | ||||||||
2.25%, 11/19/2012 | 2,705 | 2,757 | ||||||
Commercial Services & Supplies - 1.4% | ||||||||
Yale University | ||||||||
2.90%, 10/15/2014 ^ | 6,250 | 6,585 | ||||||
Consumer Finance - 3.0% | ||||||||
American Express Credit Corp. | ||||||||
1.10%, 06/24/2014 * | 4,345 | 4,350 | ||||||
7.30%, 08/20/2013 | 3,350 | 3,729 | ||||||
Capital One Financial Corp. | ||||||||
5.70%, 09/15/2011 | 4,520 | 4,565 | ||||||
Caterpillar Financial Services Corp. | ||||||||
1.38%, 05/20/2014 | 1,410 | 1,416 | ||||||
Diversified Financial Services - 8.1% | ||||||||
Citigroup, Inc. | ||||||||
5.30%, 10/17/2012 ^ | 4,625 | 4,854 | ||||||
CME Group, Inc. | ||||||||
5.40%, 08/01/2013 | 2,275 | 2,475 | ||||||
Diageo Finance BV | ||||||||
5.50%, 04/01/2013 | 3,320 | 3,586 | ||||||
FUEL Trust | ||||||||
3.98%, 06/15/2016 - 144A | 1,750 | 1,736 | ||||||
4.21%, 04/15/2016 - 144A | 2,060 | 2,068 | ||||||
General Electric Capital Corp. | ||||||||
1.88%, 09/16/2013 | 2,000 | 2,023 | ||||||
2.10%, 01/07/2014 | 5,700 | 5,780 | ||||||
John Deere Capital Corp. | ||||||||
5.25%, 10/01/2012 | 2,875 | 3,039 | ||||||
JPMorgan Chase & Co. | ||||||||
3.45%, 03/01/2016 | 5,610 | 5,714 | ||||||
Merrill Lynch & Co., Inc. | ||||||||
5.45%, 02/05/2013 ^ | 3,025 | 3,209 | ||||||
NYSE Euronext | ||||||||
4.80%, 06/28/2013 | 3,670 | 3,924 | ||||||
Diversified Telecommunication Services - 1.4% | ||||||||
AT&T, Inc. | ||||||||
4.95%, 01/15/2013 | 6,375 | 6,758 | ||||||
Electric Utilities - 1.4% | ||||||||
Hydro Quebec | ||||||||
2.00%, 06/30/2016 | 4,160 | 4,098 | ||||||
Public Service Electric & Gas Co. | ||||||||
5.13%, 09/01/2012 | 2,365 | 2,484 | ||||||
Food & Staples Retailing - 1.0% | ||||||||
CVS Caremark Corp. | ||||||||
3.25%, 05/18/2015 ^ | 1,100 | 1,142 | ||||||
5.75%, 08/15/2011 | 3,470 | 3,490 | ||||||
Household Products - 0.8% | ||||||||
Procter & Gamble Co. | ||||||||
1.38%, 08/01/2012 | 3,870 | 3,900 | ||||||
Insurance - 4.1% | ||||||||
Berkshire Hathaway, Inc. | ||||||||
1.40%, 02/10/2012 ^ | 4,920 | 4,951 | ||||||
Berkshire Hathaway Finance Corp. | ||||||||
5.00%, 08/15/2013 | 2,465 | 2,662 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 8
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Principal | Value | |||||||
Insurance (continued) | ||||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 09/29/2015 - 144A | $ | 7,285 | $ | 7,277 | ||||
5.13%, 06/10/2014 - 144A | 430 | 470 | ||||||
New York Life Global Funding | ||||||||
5.38%, 09/15/2013 - 144A | 3,745 | 4,085 | ||||||
Machinery - 0.5% | ||||||||
Caterpillar, Inc. | ||||||||
1.38%, 05/27/2014 | 2,365 | 2,375 | ||||||
Media - 0.6% | ||||||||
Comcast Corp. | ||||||||
5.30%, 01/15/2014 | 2,600 | 2,851 | ||||||
Office Electronics - 0.8% | ||||||||
Xerox Corp. | ||||||||
8.25%, 05/15/2014 | 3,005 | 3,526 | ||||||
Oil, Gas & Consumable Fuels - 1.7% | ||||||||
Shell International Finance BV | ||||||||
4.00%, 03/21/2014 ^ | 4,025 | 4,333 | ||||||
Total Capital Canada, Ltd. | ||||||||
1.63%, 01/28/2014 | 3,460 | 3,510 | ||||||
Pharmaceuticals - 0.7% | ||||||||
Novartis Capital Corp. | ||||||||
1.90%, 04/24/2013 | 3,215 | 3,290 | ||||||
Real Estate Investment Trusts - 0.2% | ||||||||
Boston Properties, LP | ||||||||
6.25%, 01/15/2013 ^ | 776 | 833 | ||||||
Wireless Telecommunication Services - 1.4% | ||||||||
ALLTEL Corp. | ||||||||
7.00%, 07/01/2012 | 6,150 | 6,524 | ||||||
Total Corporate Debt Securities (cost $174,463) | 177,970 | |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 4.7% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 22,226,994 | 22,227 | ||||||
Total Securities Lending Collateral (cost $22,227) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.4% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $6,731 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $6,867. | $ | 6,731 | 6,731 | |||||
Total Repurchase Agreement (cost $6,731) | ||||||||
Total Investment Securities (cost $483,272) # | 489,191 | |||||||
Other Assets and Liabilities — Net | (19,569 | ) | ||||||
Net Assets | $ | 469,622 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $21,779. | |
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
ә | 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 $4,874, or 1.04% of the fund’s net assets. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $483,272. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $7,297 and $1,378, respectively. Net unrealized appreciation for tax purposes is $5,919. |
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 06/30/2011, these securities aggregated $46,809, or 9.97%, of the fund’s net assets. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 144,432 | $ | — | $ | 144,432 | ||||||||
Corporate Debt Securities | — | 177,970 | — | 177,970 | ||||||||||||
Foreign Government Obligations | — | 8,856 | — | 8,856 | ||||||||||||
Mortgage-Backed Securities | — | 96,621 | — | 96,621 | ||||||||||||
Repurchase Agreement | — | 6,731 | — | 6,731 | ||||||||||||
Securities Lending Collateral | 22,227 | — | — | 22,227 | ||||||||||||
U.S. Government Agency Obligations | — | 21,108 | — | 21,108 | ||||||||||||
U.S. Government Obligations | — | 11,246 | — | 11,246 | ||||||||||||
Total | $ | 22,227 | $ | 466,964 | $ | — | $ | 489,191 | ||||||||
э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 9
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Principal | Value | |||||||||||
U.S. GOVERNMENT OBLIGATIONS - 93.7% | ||||||||||||
U.S. Treasury Bond | ||||||||||||
3.13%, 05/15/2021 ^ g | $ | 17,665 | $ | 17,615 | ||||||||
3.63%, 02/15/2021 ^ | 3,175 | 3,311 | ||||||||||
4.38%, 05/15/2040 g | 830 | 830 | ||||||||||
4.38%, 05/15/2041 α | 2,325 | 2,320 | ||||||||||
4.75%, 02/15/2041 g | 2,123 | 2,257 | ||||||||||
U.S. Treasury Inflation Indexed Bond | ||||||||||||
0.13%, 04/15/2016 | 1,396 | 1,427 | ||||||||||
1.13%, 01/15/2021 | 10,860 | 11,277 | ||||||||||
1.75%, 01/15/2028 | 4,336 | 4,537 | ||||||||||
2.00%, 01/15/2026 | 15,679 | 17,132 | ||||||||||
2.13%, 02/15/2040 | 22,578 | 24,570 | ||||||||||
2.38%, 01/15/2025 - 01/15/2027 | 30,950 | 35,524 | ||||||||||
2.50%, 01/15/2029 | 581 | 675 | ||||||||||
3.38%, 04/15/2032 | 971 | 1,284 | ||||||||||
3.63%, 04/15/2028 | 7,438 | 9,794 | ||||||||||
3.88%, 04/15/2029 | 13,104 | 17,955 | ||||||||||
U.S. Treasury Inflation Indexed Note | ||||||||||||
0.50%, 04/15/2015 | 10,609 | 11,065 | ||||||||||
1.25%, 04/15/2014 | 4,149 | 4,402 | ||||||||||
1.38%, 07/15/2018 ^ | 7,737 | 8,401 | ||||||||||
1.38%, 01/15/2020 g | 8,883 | 6,308 | ||||||||||
1.63%, 01/15/2015 - 01/15/2018 | 7,875 | 8,576 | ||||||||||
1.88%, 07/15/2013 - 07/15/2015 | 27,507 | 29,677 | ||||||||||
1.88%, 07/15/2019 g | 8,030 | 8,980 | ||||||||||
2.00%, 04/15/2012 - 01/15/2016 | 43,359 | 45,768 | ||||||||||
2.13%, 01/15/2019 | 2,263 | 2,571 | ||||||||||
2.38%, 01/15/2017 ^ | 21,470 | 24,493 | ||||||||||
2.50%, 07/15/2016 | 9,559 | 10,939 | ||||||||||
3.38%, 01/15/2012 | 7,433 | 7,594 | ||||||||||
U.S. Treasury Note | ||||||||||||
2.13%, 02/15/2041 ^ | 16,673 | 18,116 | ||||||||||
Total U.S. Government Obligations (cost $324,580) | 337,398 | |||||||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.3% | ||||||||||||
Hellenic Republic Government Bond | ||||||||||||
2.30%, 07/25/2030 | EUR | 1,151 | 642 | |||||||||
International Bank for Reconstruction & Development CPI | ||||||||||||
2.09%, 12/10/2013 * | $ | 315 | 323 | |||||||||
Total Foreign Government Obligations (cost $1,365) | 965 | |||||||||||
MORTGAGE-BACKED SECURITY - 0.2% | ||||||||||||
GMAC Commercial Mortgage Securities, Inc. | ||||||||||||
Series 2004-C3, Class A4 4.55%, 12/10/2041 | 678 | 683 | ||||||||||
Total Mortgage-Backed Security (cost $650) | ||||||||||||
CORPORATE DEBT SECURITY - 0.2% | ||||||||||||
Diversified Financial Services - 0.2% | ||||||||||||
Bear Stearns Cos., LLC CPI | ||||||||||||
4.48%, 03/10/2014 * | 649 | 650 | ||||||||||
Total Corporate Debt Security (cost $614) | ||||||||||||
STRUCTURED NOTE DEBT - 0.2% | ||||||||||||
Consumer Finance - 0.2% | ||||||||||||
SLM Corp. CPI | ||||||||||||
4.23%, 01/31/2014 * | 900 | 892 | ||||||||||
Total Structured Note Debt (cost $845) |
Notional | ||||||||
Amount | Value | |||||||
PURCHASED OPTION - 0.0% ∞ | ||||||||
Put Option - 0.0% ∞ | ||||||||
Eurodollar, Mid-Curve 1-Year Future Put Strike $98.25 Expires 09/16/2011 | $ | 813 | $ | 6 | ||||
Total Purchased Option (cost $147) | ||||||||
PURCHASED SWAPTIONS - 0.3% | ||||||||
Call Swaptions - 0.3% | ||||||||
If exercised the Portfolio receives 4.31%, and pays floating 3 month LIBOR, European Style Expires 01/14/2013 | 4,700 | 289 | ||||||
If exercised the Portfolio receives 4.39%, and pays floating 3 month LIBOR, European Style Expires 05/08/2012 | 5,000 | 365 | ||||||
If exercised the Portfolio receives 4.39%, and pays floating 3 month LIBOR, European Style Expires 07/15/2015 | 2,200 | 106 | ||||||
Put Swaptions - 0.0% ∞ | ||||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.31%, European Style Expires 01/14/2013 | 4,700 | 170 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.39%, European Style Expires 05/08/2012 | 5,000 | 71 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.39%, European Style Expires 07/15/2015 | 2,200 | 171 | ||||||
Total Purchased Swaptions (cost $1,361) | 1,172 | |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 7.2% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 26,036,108 | 26,036 | ||||||
Total Securities Lending Collateral (cost $26,036) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.9% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $21,326 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $21,753. | $ | 21,326 | 21,326 | |||||
Total Repurchase Agreement (cost $21,326) | ||||||||
Total Investment Securities (cost $376,924) # | 389,128 | |||||||
Other Assets and Liabilities — Net | (28,709 | ) | ||||||
Net Assets | $ | 360,419 | ||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 10
At June 30, 2011
(all amounts in thousands)
(unaudited)
Notional | ||||||||
Amount | Value | |||||||
WRITTEN-OPTIONS - 0.0% p ∞ | ||||||||
Call Option - 0.0% ∞ | ||||||||
10-Year U.S. Treasury Note Future | $ | (124 | ) | $ | (87 | ) | ||
Call Strike $124.00 | ||||||||
Expires 08/26/2011 | ||||||||
Put Option - 0.0% 8 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | (813 | ) | (2 | ) | ||||
Put Strike $97.75 | ||||||||
Expires 09/16/2011 | ||||||||
Total Written Options (Premiums: $(137)) | (89 | ) | ||||||
Pay/Receive | Exercise | Expiration | Premiums Paid | |||||||||||||||||||
Description | Floating Rate Index | Floating Rate | Rate | Date | Notional Amount | (Received) | Value | |||||||||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.90 | % | 03/19/2012 | $ | (6,000 | ) | $ | (229 | ) | $ | (278 | ) | ||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.01 | 02/02/2012 | (5,200 | ) | (202 | ) | (281 | ) | ||||||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.06 | 07/15/2013 | (2,600 | ) | (148 | ) | (116 | ) | ||||||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.13 | 12/16/2011 | (8,600 | ) | (355 | ) | (547 | ) | ||||||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.78 | 02/25/2014 | (5,000 | ) | (292 | ) | (372 | ) | ||||||||||||
Call — Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 5.39 | 01/06/2015 | (2,500 | ) | (173 | ) | (242 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 0.90 | 09/06/2011 | (25,900 | ) | (39 | ) | (31 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 1.00 | 09/19/2011 | (70,700 | ) | (57 | ) | (68 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.45 | 09/19/2011 | (17,700 | ) | (171 | ) | (241 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.90 | 03/19/2012 | (6,000 | ) | (229 | ) | (131 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.01 | 02/02/2012 | (5,200 | ) | (202 | ) | (76 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.06 | 07/15/2013 | (2,600 | ) | (148 | ) | (148 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.13 | 12/16/2011 | (8,600 | ) | (353 | ) | (70 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.78 | 02/25/2014 | (5,000 | ) | (292 | ) | (238 | ) | ||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 5.39 | 01/06/2015 | (2,500 | ) | (173 | ) | (109 | ) | ||||||||||||
$ | (3,063 | ) | $ | (2,948 | ) | |||||||||||||||||
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 | 0.64 | % | 06/21/2013 | CBK | USD | $ | 20,700 | $ | 17 | $ | — | $ | 17 | |||||||||||||
U.S. CPI Urban Consumers NAS | 1.84 | 10/25/2015 | MYC | USD | 4,730 | 151 | — | 151 | ||||||||||||||||||
$ | 168 | $ | — | $ | 168 | |||||||||||||||||||||
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 | 3.38 | % | 05/04/2021 | CBK | USD | $ | 2,400 | $ | 30 | $ | — | $ | 30 | |||||||||||||
3-Month USD LIBOR | 3.26 | 05/09/2021 | DUB | USD | 2,000 | 4 | — | 4 | ||||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.47 | 10/25/2020 | MYC | USD | 2,495 | (87 | ) | — | (87 | ) | ||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.67 | 06/23/2021 | DUB | USD | 4,345 | (41 | ) | — | (41 | ) | ||||||||||||||||
$ | (94 | ) | $ | — | $ | (94 | ) | |||||||||||||||||||
Net Unrealized | ||||||||||||
Appreciation | ||||||||||||
Description | Type | Contracts Г | Expiration Date | (Depreciation) | ||||||||
10-Year U.S. Treasury Note | Long | 98 | 09/21/2011 | $ | (100 | ) | ||||||
2-Year U.S. Treasury Note | Short | (215 | ) | 09/30/2011 | (39 | ) | ||||||
30-Year U.S. Treasury Bond | Short | (101 | ) | 09/21/2011 | 219 | |||||||
5-Year U.S. Treasury Note | Short | (126 | ) | 09/30/2011 | (121 | ) | ||||||
Ultra Long U.S. Treasury Bond | Short | (84 | ) | 09/21/2011 | 192 | |||||||
$ | 151 | |||||||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 11
At June 30, 2011
(all amounts in thousands)
(unaudited)
Amount in U.S. | Net Unrealized | |||||||||||||
Settlement | Dollars Bought | Appreciation | ||||||||||||
Currency | Bought (Sold) | Date | (Sold) | (Depreciation) | ||||||||||
Euro | (455 | ) | 07/27/2011 | $ | (661 | ) | $ | 2 | ||||||
Euro | 200 | 07/27/2011 | 290 | w | ||||||||||
Japanese Yen | (572,023 | ) | 12/05/2011 | (7,079 | ) | (37 | ) | |||||||
$ | (35 | ) | ||||||||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $25,525. | |
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
∞ | Percentage rounds to less than 0.1%. | |
w | Value is less than $1 or zero. | |
Г | Contract amounts are not in thousands. | |
p | Securities with an aggregate market value of $1,045 have been pledged by the broker as collateral with the broker for open swap contracts and/or swaptions. | |
α | A portion of this security in the amount of $2,118 has been segregated as collateral with the broker for open swaps contracts and/or for swaptions. | |
g | A portion of these securities in the amount of $1,321 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $376,924. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $13,329 and $1,125, respectively. Net unrealized appreciation for tax purposes is $12,204. |
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 |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Corporate Debt Securities | $ | — | $ | 650 | $ | — | $ | 650 | ||||||||
Foreign Government Obligations | — | 965 | — | 965 | ||||||||||||
Mortgage-Backed Securities | — | 683 | — | 683 | ||||||||||||
Purchased Options | 6 | — | — | 6 | ||||||||||||
Purchased Swaptions | — | 1,172 | — | 1,172 | ||||||||||||
Repurchase Agreement | — | 21,326 | — | 21,326 | ||||||||||||
Securities Lending Collateral | 26,036 | — | — | 26,036 | ||||||||||||
Structured Note Debts | — | 892 | — | 892 | ||||||||||||
U.S. Government Obligations | — | 337,398 | — | 337,398 | ||||||||||||
Total | $ | 26,042 | $ | 363,086 | $ | — | $ | 389,128 | ||||||||
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Other Financial Instruments | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Written Options | $ | — | $ | (89 | ) | $ | — | $ | (89 | ) | ||||||
Written Swaptions | — | (2,948 | ) | — | (2,948 | ) | ||||||||||
Total | $ | — | $ | (3,037 | ) | $ | — | $ | (3,037 | ) | ||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 12
At June 30, 2011
(all amounts in thousands)
(unaudited)
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Total at | |||||||||||||
Other Financial Instruments Ғ | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Interest Rate Swap — Appreciation | $ | — | $ | 202 | $ | — | $ | 202 | ||||||||
Interest Rate Swap — Depreciation | — | (128 | ) | — | (128 | ) | ||||||||||
Futures Contracts — Appreciation | 411 | — | — | 411 | ||||||||||||
Futures Contracts — Depreciation | (260 | ) | — | — | (260 | ) | ||||||||||
Forward Foreign Currency Contracts — Appreciation | — | 2 | — | 2 | ||||||||||||
Forward Foreign Currency Contracts — Depreciation | — | (37 | ) | — | (37 | ) | ||||||||||
Total | $ | 151 | $ | 39 | $ | — | $ | 190 | ||||||||
э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
Ғ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 13
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 6.5% | ||||||||
U.S. Treasury Bond | ||||||||
3.25%, 05/15/2021 | $ | 36,880 | $ | 36,776 | ||||
4.38%, 05/15/2041 γ | 43,570 | 43,503 | ||||||
4.75%, 02/15/2041 γ | 12,865 | 13,675 | ||||||
U.S. Treasury Note | ||||||||
0.63%, 01/31/2013 γ | 3,500 | 3,514 | ||||||
1.50%, 06/30/2016 | 3,335 | 3,294 | ||||||
1.75%, 05/31/2016 | 2,535 | 2,539 | ||||||
Total U.S. Government Obligations (cost $105,135) | 103,301 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 45.6% | ||||||||
Fannie Mae | ||||||||
1.98%, 01/01/2035 * | 58 | 61 | ||||||
2.04%, 08/01/2034 * | 27 | 28 | ||||||
2.74%, 08/01/2035 | 165 | 174 | ||||||
3.04%, 03/01/2041 * | 1,762 | 1,822 | ||||||
3.15%, 03/01/2041 * | 2,518 | 2,602 | ||||||
3.32%, 12/01/2040 * | 4,004 | 4,153 | ||||||
4.00%, 02/01/2026 - 02/01/2041 | 80,172 | 82,225 | ||||||
4.36%, 10/09/2019 | 5,460 | 3,822 | ||||||
4.50%, 10/01/2040 - 06/01/2041 | 160,274 | 166,345 | ||||||
4.63%, 05/01/2013 ▲ | 10,200 | 10,888 | ||||||
5.00%, 03/01/2040 - 06/01/2041 | 50,299 | 53,685 | ||||||
5.25%, 08/01/2012 γ | 5,040 | 5,302 | ||||||
5.50%, 07/01/2014 - 08/01/2037 | 36,891 | 40,163 | ||||||
5.78%, 08/01/2037 * | 18 | 19 | ||||||
6.00%, 02/01/2034 - 03/01/2038 | 6,011 | 6,666 | ||||||
6.00%, 04/01/2035 α | 20,206 | 22,414 | ||||||
7.00%, 01/01/2015 - 09/01/2016 | 135 | 147 | ||||||
Fannie Mae, TBA | ||||||||
3.50% | 14,700 | 14,249 | ||||||
4.00% | 67,100 | 67,101 | ||||||
4.50% | 21,800 | 22,652 | ||||||
5.00% | 20,700 | 22,086 | ||||||
5.50% | 33,600 | 36,356 | ||||||
6.00% | 14,400 | 15,818 | ||||||
6.50% | 19,300 | 21,851 | ||||||
Farmer Mac Guaranteed Notes Trust 2007-1 | ||||||||
5.13%, 04/19/2017 - 144A | 900 | 1,018 | ||||||
Freddie Mac | ||||||||
2.50%, 12/01/2034 | 39 | 41 | ||||||
3.06%, 02/01/2041 * | 2,855 | 2,955 | ||||||
3.53%, 09/30/2019 | 3,425 | 3,438 | ||||||
3.97%, 01/25/2021 * | 7,870 | 7,964 | ||||||
4.00%, 05/01/2026 | 22,160 | 23,169 | ||||||
4.50%, 02/01/2041 - 04/01/2041 | 27,207 | 28,160 | ||||||
4.74%, 09/01/2035 * | 4,643 | 4,921 | ||||||
5.00%, 06/01/2041 - 06/01/2041 | 13,850 | 14,751 | ||||||
5.50%, 06/15/2015 - 12/01/2016 | 3,270 | 3,532 | ||||||
5.56%, 01/01/2038 * | 1,139 | 1,219 | ||||||
5.63%, 06/13/2016 | 9,195 | 10,216 | ||||||
5.69%, 02/01/2037 * | 82 | 87 | ||||||
5.77%, 05/01/2037 * | 190 | 203 | ||||||
5.88%, 04/01/2037 * | 440 | 469 | ||||||
5.88%, 05/01/2037 * | 202 | 214 | ||||||
5.97%, 09/01/2037 * | 242 | 261 | ||||||
6.00%, 02/01/2013 - 05/01/2031 | 1,759 | 1,945 | ||||||
Freddie Mac, TBA | ||||||||
5.00% | 4,500 | 4,774 | ||||||
5.50% | 100 | 108 | ||||||
Ginnie Mae | ||||||||
6.50%, 12/20/2031 | 47 | 54 | ||||||
Resolution Funding Corp., Interest STRIPS | ||||||||
2.88%, 07/15/2018 ▲ | 1,200 | 977 | ||||||
2.95%, 10/15/2018 ▲ | 1,200 | 964 | ||||||
Tennessee Valley Authority | ||||||||
5.25%, 09/15/2039 | 7,500 | 7,941 | ||||||
5.98%, 04/01/2036 | 440 | 507 | ||||||
U.S. Small Business Administration | ||||||||
4.50%, 02/01/2014 | 390 | 409 | ||||||
Total U.S. Government Agency Obligations (cost $714,480) | 720,926 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 1.6% | ||||||||
Hellenic Republic Government Bond | ||||||||
4.60%, 09/20/2040 | EUR | 780 | 468 | |||||
Hydro Quebec | ||||||||
8.05%, 07/07/2024 | $ | 8,200 | 11,300 | |||||
8.40%, 01/15/2022 | 3,065 | 4,228 | ||||||
9.40%, 02/01/2021 | 1,695 | 2,429 | ||||||
Poland Government International Bond | ||||||||
5.13%, 04/21/2021 | 2,945 | 3,044 | ||||||
United Mexican States | ||||||||
5.13%, 01/15/2020 ^ | 1,335 | 1,442 | ||||||
5.63%, 01/15/2017 | 1,693 | 1,924 | ||||||
Total Foreign Government Obligations (cost $25,170) | 24,835 | |||||||
MORTGAGE-BACKED SECURITIES - 15.9% | ||||||||
Adjustable Rate Mortgage Trust | ||||||||
Series 2004-2, Class 7A2 1.03%, 02/25/2035 * | 31 | 28 | ||||||
American Home Mortgage Assets | ||||||||
Series 2006-2, Class 2A1 0.44%, 09/25/2046 * | 1,243 | 658 | ||||||
American Home Mortgage Investment Trust | ||||||||
Series 2005-4, Class 1A1 0.54%, 11/25/2045 * | 195 | 123 | ||||||
Arkle Master Issuer PLC | ||||||||
Series 2010-1A, Class 2A 1.41%, 05/17/2060 - 144A * | 7,140 | 7,128 | ||||||
Banc of America Funding Corp. | ||||||||
Series 2005-E, Class 4A1 2.83%, 03/20/2035 * | 473 | 447 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | ||||||||
Series 2002-2, Class A3 5.12%, 07/11/2043 | 14,901 | 15,135 | ||||||
Series 2006-4, Class AM 5.68%, 07/10/2046 | 1,100 | 1,093 | ||||||
Series 2006-5, Class AM 5.45%, 09/10/2047 | 525 | 525 | ||||||
Series 2007-1, Class A4 5.45%, 01/15/2049 | 6,445 | 6,970 | ||||||
Series 2007-3, Class A2 5.80%, 06/10/2049 * | 2,402 | 2,473 | ||||||
Series 2007-3, Class A4 5.62%, 06/10/2049 * | 4,240 | 4,562 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 14
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2004-8, Class 14A1 5.39%, 11/25/2034 * | $ | 2,588 | $ | 2,362 | ||||
Series 2005-1, Class 4A1 5.26%, 03/25/2035 * | 2,793 | 2,415 | ||||||
Bear Stearns Alt-A Trust | ||||||||
Series 2004-11, Class 2A2 3.17%, 11/25/2034 * | 153 | 112 | ||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2005-PW10, Class AM 5.45%, 12/11/2040 * | 610 | 612 | ||||||
Bear Stearns Mortgage Funding Trust | ||||||||
Series 2006-AR5, Class 1A2 0.40%, 12/25/2046 * | 1,247 | 332 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | ||||||||
Series 2006-CD3, Class A5 5.62%, 10/15/2048 | 1,170 | 1,270 | ||||||
Series 2007-CD4, Class A4 5.32%, 12/11/2049 | 4,868 | 5,165 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2005-36, Class 2A1A 0.56%, 08/25/2035 * | 2,077 | 1,048 | ||||||
Series 2005-36, Class 3A1 2.98%, 08/25/2035 * | 222 | 146 | ||||||
Series 2005-38, Class A3 0.60%, 09/25/2035 * | 540 | 344 | ||||||
Series 2005-50CB, Class 1A1 5.50%, 11/25/2035 | 4,742 | 3,693 | ||||||
Series 2005-51, Class 3A3A 0.57%, 11/20/2035 * | 1,788 | 1,106 | ||||||
Series 2005-59, Class 1A1 0.58%, 11/20/2035 * | 273 | 171 | ||||||
Series 2006-OA21, Class A1 0.44%, 03/20/2047 * | 4,907 | 2,488 | ||||||
Series 2007-5CB, Class 1A31 5.50%, 04/25/2037 | 3,507 | 2,389 | ||||||
Countrywide Home Loan Mortgage Pass- Through Trust | ||||||||
Series 2003-60, Class 1A1 3.17%, 02/25/2034 * | 274 | 230 | ||||||
Series 2004-23, Class A 2.52%, 11/25/2034 * | 131 | 83 | ||||||
Series 2004-R2, Class 1AF1 0.67%, 11/25/2034 - 144A * | 70 | 61 | ||||||
Series 2005-3, Class 1A2 0.54%, 04/25/2035 * | 382 | 242 | ||||||
Series 2005-R1, Class 1AF1 0.61%, 03/25/2035 - 144A * | 123 | 105 | ||||||
Series 2006-OA5, Class 2A1 0.45%, 04/25/2036 * | 2,070 | 1,108 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2003-C3, Class A5 3.94%, 05/15/2038 | 14,005 | 14,510 | ||||||
Series 2004-AR5, Class 7A2 2.70%, 06/25/2034 * | 565 | 545 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2007-C2, Class A2 5.45%, 01/15/2049 * | 2,086 | 2,108 | ||||||
Series 2011-4R, Class 1A1 6.23%, 09/27/2037 - 144A * | 3,524 | 3,579 | ||||||
Series 2011-4R, Class 2A1 5.17%, 08/27/2037 - 144A * | 4,266 | 4,183 | ||||||
Series 2011-4R, Class 5A1 5.66%, 05/27/2036 - 144A * | 4,571 | 4,622 | ||||||
DBUBS Mortgage Trust | ||||||||
Series 2011-LC2A, Class A4 4.54%, 07/10/2044 - 144A | 3,260 | 3,245 | ||||||
Deutsche ALT-A Securities, Inc., Alternate Loan Trust | ||||||||
Series 2006-OA1, Class A1 0.45%, 02/25/2047 * | 3,148 | 2,043 | ||||||
Deutsche Mortgage Securities, Inc. | ||||||||
Series 2005-W, Class 1A3 5.24%, 06/26/2035 - 144A * | 1,270 | 1,217 | ||||||
Extended Stay America Trust | ||||||||
Series 2010-ESHA, Class A 2.95%, 11/05/2027 - 144A | 7,886 | 7,842 | ||||||
Series 2010-ESHA, Class B 4.22%, 11/05/2027 - 144A | 5,000 | 5,060 | ||||||
Series 2010-ESHA, Class C 4.86%, 11/05/2027 - 144A | 3,330 | 3,324 | ||||||
Series 2010-ESHA, Class D 5.50%, 11/05/2027 - 144A | 1,500 | 1,497 | ||||||
First Horizon Alternative Mortgage Securities | ||||||||
Series 2006-FA8, Class 1A8 0.62%, 02/25/2037 * | 523 | 295 | ||||||
GMAC Commercial Mortgage Securities, Inc. | ||||||||
Series 2006-C1, Class AM 5.29%, 11/10/2045 * | 920 | 912 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2003-AR2, Class 1A1 3.77%, 12/19/2033 * | 43 | 40 | ||||||
Series 2005-AR1, Class 3A 3.10%, 03/18/2035 * | 150 | 135 | ||||||
Greenpoint Mortgage Funding Trust | ||||||||
Series 2006-AR4, Class A1A 0.35%, 09/25/2046 * | 2 | 2 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2005-GG3, Class A3 4.57%, 08/10/2042 | 11,200 | 11,331 | ||||||
Series 2006-GG7, Class AJ 5.88%, 07/10/2038 * | 1,270 | 1,158 | ||||||
Series 2006-GG7, Class AM 5.88%, 07/10/2038 * | 1,430 | 1,469 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2005-GG4, Class A4A 4.75%, 07/10/2039 | 3,175 | 3,384 | ||||||
Series 2005-GG4, Class AABA 4.68%, 07/10/2039 | 147 | 153 | ||||||
Series 2006-GG6, Class AM 5.62%, 04/10/2038 * | 860 | 856 | ||||||
GSR Mortgage Loan Trust | ||||||||
Series 2005-AR1, Class 2A1 2.94%, 01/25/2035 * | 2,943 | 2,751 | ||||||
Harborview Mortgage Loan Trust | ||||||||
Series 2005-8, Class 1A2A 0.58%, 09/19/2035 * | 528 | 351 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 15
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Harborview Mortgage Loan Trust (continued) | ||||||||
Series 2006-11, Class A1A 0.42%, 12/19/2036 * | $ | 6,403 | $ | 3,913 | ||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1 0.99%, 10/25/2034 * | 76 | 59 | ||||||
IndyMac INDA Mortgage Loan Trust | ||||||||
Series 2006-AR2, Class 4A1 5.54%, 09/25/2036 * | 2,733 | 2,102 | ||||||
Series 2007-AR7, Class 1A1 5.84%, 09/25/2037 * | 820 | 660 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2005-AR14, Class 2A1A 0.55%, 07/25/2035 * | 1,766 | 1,143 | ||||||
Series 2007-AR15, Class 2A1 5.14%, 08/25/2037 * | 1,491 | 908 | ||||||
JP Morgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2001-C1, Class A3 5.86%, 10/12/2035 | 3,329 | 3,334 | ||||||
Series 2004-CB8, Class A1A 4.16%, 01/12/2039 - 144A | 1,462 | 1,515 | ||||||
Series 2006-CB14, Class AM 5.44%, 12/12/2044 * | 1,420 | 1,397 | ||||||
Series 2007-CB18, Class A3 5.45%, 06/12/2047 | 4,020 | 4,222 | ||||||
Series 2007-LD11, Class A3 5.82%, 06/15/2049 * | 1,100 | 1,168 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A1, Class 1A1 4.71%, 02/25/2034 * | 432 | 432 | ||||||
Series 2004-A3, Class 1A1 2.56%, 07/25/2034 * | 115 | 109 | ||||||
Series 2006-A2, Class 5A1 2.97%, 11/25/2033 * | 241 | 236 | ||||||
Series 2006-S2, Class 2A2 5.88%, 07/25/2036 | 772 | 750 | ||||||
Series 2006-S3, Class 1A12 6.50%, 08/25/2036 | 2,092 | 1,981 | ||||||
Series 2007-S1, Class 1A2 5.50%, 03/25/2022 | 630 | 615 | ||||||
Series 2007-S1, Class 2A22 5.75%, 03/25/2037 | 2,117 | 1,860 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2003-C7, Class A3 4.56%, 09/15/2027 * | 7,395 | 7,442 | ||||||
Series 2004-C8, Class A4 4.51%, 12/15/2029 | 7,386 | 7,418 | ||||||
Series 2005-C3, Class AAB 4.66%, 07/15/2030 | 72 | 75 | ||||||
Series 2006-C4, Class AM 5.90%, 06/15/2038 * | 660 | 691 | ||||||
Series 2006-C7, Class AM 5.38%, 11/15/2038 | 660 | 644 | ||||||
Series 2007-C2, Class A3 5.43%, 02/15/2040 | 9,658 | 10,293 | ||||||
Series 2007-C6, Class A4 5.86%, 07/15/2040 * | 2,355 | 2,555 | ||||||
Series 2007-C7, Class A3 5.87%, 09/15/2045 * | 3,190 | 3,469 | ||||||
MASTR Adjustable Rate Mortgages Trust | ||||||||
Series 2007-R5, Class A1 2.71%, 11/25/2035 - 144A * | 912 | 515 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2004-A1, Class 2A1 2.59%, 02/25/2034 * | 472 | 459 | ||||||
Series 2004-A3, Class 4A3 5.00%, 05/25/2034 * | 403 | 405 | ||||||
Series 2005-A3, Class A1 0.52%, 04/25/2035 * | 100 | 72 | ||||||
Series 2005-A4, Class 2A2 2.74%, 07/25/2035 * | 442 | 368 | ||||||
Series 2005-A5, Class A3 2.62%, 06/25/2035 * | 400 | 324 | ||||||
MLCC Mortgage Investors, Inc. | ||||||||
Series 2003-F, Class A1 0.83%, 10/25/2028 * | 103 | 94 | ||||||
Morgan Stanley Capital I | ||||||||
Series 1998-WF2, Class G 6.34%, 01/15/2013 - 144A * | 2,410 | 2,553 | ||||||
Series 2007-IQ15, Class A2 5.84%, 06/11/2049 * | 2,200 | 2,266 | ||||||
Morgan Stanley Mortgage Loan Trust | ||||||||
Series 2004-8AR, Class 4A2 2.66%, 10/25/2034 * | 394 | 374 | ||||||
Series 2006-3AR, Class 2A3 2.62%, 03/25/2036 * | 854 | 475 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
Series 2011-IO, Class A 2.50%, 03/23/2051 - 144A Ə | 1,650 | 1,645 | ||||||
Nomura Asset Acceptance Corp. | ||||||||
Series 2004-R2, Class A1 6.50%, 10/25/2034 - 144A * | 166 | 167 | ||||||
Prime Mortgage Trust | ||||||||
Series 2006-DR1, Class 2A1 5.50%, 05/25/2035 - 144A | 4,717 | 4,058 | ||||||
Series 2006-DR1, Class 2A2 6.00%, 05/25/2035 - 144A | 839 | 737 | ||||||
RBSCF Trust | ||||||||
Series 2010-RR3, Class WBTA 5.90%, 04/16/2017 - 144A * | 7,570 | 8,457 | ||||||
RBSGC Mortgage Pass-Through Certificates | ||||||||
Series 2007-B, Class 1A4 0.70%, 01/25/2037 * | 918 | 528 | ||||||
Residential Accredit Loans, Inc. | ||||||||
Series 2007-QO1, Class A1 0.40%, 02/25/2047 * | 904 | 490 | ||||||
Series 2007-QO4, Class A1A 0.44%, 05/25/2047 * | 1,732 | 1,049 | ||||||
Residential Asset Securitization Trust | ||||||||
Series 2005-A14, Class A4 5.50%, 12/25/2035 | 1,481 | 1,454 | ||||||
Salomon Brothers Mortgage Securities VII, Inc. | ||||||||
Series 2001-C2, Class A3 6.50%, 10/13/2011 | 3,213 | 3,223 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 16
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Structured Adjustable Rate Mortgage Loan Trust | ||||||||
Series 2004-20, Class 3A1 2.61%, 01/25/2035 * | $ | 683 | $ | 552 | ||||
Series 2005-15, Class 1A1 2.60%, 07/25/2035 * | 1,017 | 748 | ||||||
Series 2005-16XS, Class A1 0.59%, 08/25/2035 * | 447 | 356 | ||||||
Series 2007-3, Class 3A1 5.39%, 04/25/2047 * | 3,401 | 2,276 | ||||||
Structured Asset Mortgage Investments, Inc. | ||||||||
Series 2003-AR4, Class A1 0.54%, 01/19/2034 * | 105 | 82 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2005-RF3, Class 1A 0.60%, 06/25/2035 - 144A * | 357 | 291 | ||||||
Thornburg Mortgage Securities Trust | ||||||||
Series 2006-5, Class A1 0.37%, 10/25/2046 * | 6,397 | 6,359 | ||||||
Voyager BRSTN Delaware Trust, IO | ||||||||
Series 2009-1, Class UAU7 0.50%, 12/26/2036 - 144A * | 868 | 364 | ||||||
WaMu Alternative Mortgage Pass-Through Certificates | ||||||||
Series 2006-AR3, Class A1A 1.28%, 05/25/2046 * | 2,329 | 1,242 | ||||||
WaMu Mortgage Pass-Through Certificates | ||||||||
Series 2005-AR8, Class 2A1A 0.54%, 07/25/2045 * | 112 | 91 | ||||||
Series 2006-AR14, Class 1A3 5.42%, 11/25/2036 * | 1,900 | 1,402 | ||||||
Series 2007-HY1, Class 1A1 5.44%, 02/25/2037 * | 4,628 | 3,035 | ||||||
Series 2007-OA4, Class 1A 1.08%, 05/25/2047 * | 2,333 | 1,557 | ||||||
Series 2007-OA6, Class 1A1B 1.12%, 07/25/2047 * | 2,293 | 750 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2006-3, Class A9 5.50%, 03/25/2036 | 2,384 | 2,389 | ||||||
Series 2006-AR4, Class 2A4 5.62%, 04/25/2036 * | 400 | 373 | ||||||
Total Mortgage-Backed Securities (cost $259,480) | 251,807 | |||||||
ASSET-BACKED SECURITIES - 6.7% | ||||||||
321 Henderson Receivables I LLC | ||||||||
Series 2010-1A, Class A 5.56%, 07/15/2059 - 144A | 5,915 | 6,337 | ||||||
Series 2010-2A, Class A 4.07%, 01/15/2048 - 144A | 1,890 | 1,916 | ||||||
Series 2010-3A, Class A 3.82%, 12/15/2048 - 144A | 3,801 | 3,757 | ||||||
Aames Mortgage Investment Trust | ||||||||
Series 2005-3, Class A1 0.40%, 08/25/2035 - 144A * | 7 | 7 | ||||||
Amortizing Residential Collateral Trust | ||||||||
Series 2002-BC5, Class M1 1.28%, 07/25/2032 * | 378 | 300 | ||||||
Capital One Multi-Asset Execution Trust | ||||||||
Series 2006-A5, Class A5 0.32%, 01/15/2016 * | 1,550 | 1,545 | ||||||
Chase Funding Mortgage Loan Asset-Backed Certificates | ||||||||
Series 2003-4, Class 1A5 5.42%, 05/25/2033 * | 1,105 | 1,068 | ||||||
Citibank Omni Master Trust | ||||||||
Series 2009-A8, Class A8 2.29%, 05/16/2016 - 144A * | 11,940 | 12,083 | ||||||
Series 2009-A12, Class A12 3.35%, 08/15/2016 - 144A | 2,765 | 2,831 | ||||||
Series 2009-A13, Class A13 5.35%, 08/15/2018 - 144A | 3,385 | 3,701 | ||||||
Conseco Finance Securitizations Corp. | ||||||||
Series 2002-1, Class A 6.68%, 12/01/2033 * | 1,234 | 1,315 | ||||||
Series 2002-2, Class A2 6.03%, 03/01/2033 * | 1,541 | 1,630 | ||||||
Countrywide Home Equity Loan Trust | ||||||||
Series 2006-RES, Class 4Q1B 0.56%, 12/15/2033 - 144A * | 338 | 160 | ||||||
Globaldrive BV | ||||||||
Series 2008-2, Class A 4.00%, 10/20/2016 ± | 1,732 | 2,529 | ||||||
Lehman XS Trust | ||||||||
Series 2007-2N, Class 3A1 0.34%, 02/25/2037 * | 44 | 43 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2007-SD1, Class A1 0.70%, 02/25/2047 * | 1,389 | 679 | ||||||
Mirant Mid Atlantic Pass-Through Trust | ||||||||
Series C 10.06%, 12/30/2028 | 312 | 349 | ||||||
Nelnet Student Loan Trust | ||||||||
Series 2006-1, Class A5 0.37%, 08/23/2027 * | 4,475 | 4,236 | ||||||
Series 2008-4, Class A4 1.75%, 04/25/2017 * | 780 | 801 | ||||||
RAAC Series | ||||||||
Series 2007-RP4, Class A 0.54%, 06/25/2037 - 144A * | 1,426 | 892 | ||||||
Renaissance Home Equity Loan Trust | ||||||||
Series 2007-2, Class AF6 5.88%, 06/25/2037 * | 1,494 | 773 | ||||||
Santander Consumer Acquired Receivables Trust | ||||||||
Series 2011-S1A, Class B 1.66%, 08/15/2016 - 144A | 2,595 | 2,595 | ||||||
Series 2011-S1A, Class C 2.01%, 08/15/2016 - 144A | 2,333 | 2,333 | ||||||
Series 2011-WO, Class C 3.19%, 10/15/2015 - 144A | 2,490 | 2,516 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2010-2, Class B 2.24%, 12/15/2014 | 3,840 | 3,853 | ||||||
Series 2010-2, Class C 3.89%, 07/17/2017 | 4,520 | 4,628 | ||||||
Series 2010-B, Class B 2.10%, 09/15/2014 - 144A | 3,100 | 3,127 | ||||||
Series 2010-B, Class C 3.02%, 10/17/2016 - 144A | 3,285 | 3,359 | ||||||
Series 2011-1, Class D 4.01%, 02/15/2017 | 3,640 | 3,614 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 17
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Santander Drive Auto Receivables Trust (continued) | ||||||||
Series 2011-S1A, Class B 1.48%, 07/15/2013 - 144A | $ | 2,133 | $ | 2,135 | ||||
Series 2011-S1A, Class D 3.10%, 03/15/2013 - 144A | 2,225 | 2,228 | ||||||
Scholar Funding Trust | ||||||||
Series 2011-A, Class A 1.17%, 10/28/2043 - 144A * | 2,418 | 2,408 | ||||||
Securitized Asset Backed Receivables LLC Trust | ||||||||
Series 2007-BR3, Class A2B 0.47%, 04/25/2037 * | 2,700 | 979 | ||||||
SLC Student Loan Trust | ||||||||
Series 2008-1, Class A4A 1.91%, 12/15/2032 * | 400 | 410 | ||||||
SLM Student Loan Trust | ||||||||
Series 2004-A, Class A3 0.65%, 06/15/2033 * | 295 | 258 | ||||||
Series 2004-B, Class A2 0.45%, 06/15/2021 * | 986 | 962 | ||||||
Series 2008-5, Class A3 1.57%, 01/25/2018 * | 4,600 | 4,726 | ||||||
Series 2008-5, Class A4 1.97%, 07/25/2023 * | 14,570 | 15,224 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2003-AL2, Class A 3.36%, 01/25/2031 - 144A | 2,973 | 2,738 | ||||||
Series 2007-TC1, Class A 0.55%, 04/25/2031 - 144A * | 1,798 | 1,488 | ||||||
U.S. Small Business Administration | ||||||||
Series 2002-P10B, Class 1 5.20%, 08/10/2012 | 345 | 358 | ||||||
Total Asset-Backed Securities (cost $109,070) | 106,891 | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.6% | ||||||||
New York City Municipal Water Finance Authority | ||||||||
5.38%, 06/15/2043 | 1,670 | 1,766 | ||||||
5.50%, 06/15/2043 | 2,000 | 2,135 | ||||||
State of California — Build America Bonds | ||||||||
5.45%, 04/01/2015 | 4,990 | 5,428 | ||||||
Total Municipal Government Obligations (cost $8,627) | 9,329 | |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.4% | ||||||||
Capital Markets - 0.2% | ||||||||
Credit Suisse | ||||||||
5.86%, 05/15/2017 *Ž ^ | 3,045 | 2,909 | ||||||
Lehman Brothers Holdings Capital Trust VII | ||||||||
5.86%, 05/31/2012 Ž Џ § ‡ | 1,945 | ♦ | ||||||
State Street Capital Trust IV | ||||||||
1.25%, 06/15/2037 * | 290 | 235 | ||||||
Commercial Banks - 0.2% | ||||||||
ABN Amro North American Holding Preferred Capital Repackage Trust I | ||||||||
6.52%, 11/08/2012 - 144A * Ž | �� | 2,720 | 2,516 | |||||
SunTrust Capital VIII | ||||||||
6.10%, 12/15/2036 * | 240 | 235 | ||||||
Wachovia Capital Trust III | ||||||||
5.57%, 08/08/2011 * Ž | 240 | 220 | ||||||
Total Preferred Corporate Debt Securities (cost $8,295) | 6,115 | |||||||
CORPORATE DEBT SECURITIES - 32.8% | ||||||||
Auto Components - 0.1% | ||||||||
BorgWarner, Inc. | ||||||||
4.63%, 09/15/2020 | 1,185 | 1,208 | ||||||
Beverages - 0.3% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
5.38%, 01/15/2020 | 4,375 | 4,819 | ||||||
Capital Markets - 2.8% | ||||||||
BP Capital Markets PLC | ||||||||
3.13%, 03/10/2012 ^ | 6,755 | 6,872 | ||||||
3.13%, 10/01/2015 | 1,370 | 1,407 | ||||||
Credit Suisse AG | ||||||||
5.40%, 01/14/2020 | 1,060 | 1,073 | ||||||
Goldman Sachs Group, Inc. | ||||||||
3.63%, 02/07/2016 | 16,630 | 16,810 | ||||||
3.70%, 08/01/2015 | 3,650 | 3,717 | ||||||
Morgan Stanley | ||||||||
2.76%, 05/14/2013 * ^ | 9,540 | 9,795 | ||||||
4.00%, 07/24/2015 | 1,840 | 1,873 | ||||||
4.20%, 11/20/2014 | 1,740 | 1,807 | ||||||
Morgan Stanley — Series F | ||||||||
6.25%, 08/28/2017 ^ | 565 | 611 | ||||||
Chemicals - 0.4% | ||||||||
CF Industries Holdings, Inc. | ||||||||
7.13%, 05/01/2020 | 4,340 | 5,051 | ||||||
Dow Chemical Co. | ||||||||
4.25%, 11/15/2020 | 815 | 795 | ||||||
Westlake Chemical Corp. | ||||||||
6.63%, 01/15/2016 | 44 | 45 | ||||||
Commercial Banks - 4.6% | ||||||||
Bank of Scotland PLC | ||||||||
5.25%, 02/21/2017 - 144A | 100 | 107 | ||||||
Barclays Bank PLC | ||||||||
5.93%, 09/29/2049 - 144A * Ž | 630 | 586 | ||||||
Canadian Imperial Bank of Commerce | ||||||||
2.75%, 01/27/2016 - 144A | 6,415 | 6,564 | ||||||
CIT Group, Inc. | ||||||||
6.63%, 04/01/2018 - 144A ^ | 1,241 | 1,294 | ||||||
7.00%, 05/01/2017 | 1,860 | 1,855 | ||||||
Discover Bank | ||||||||
7.00%, 04/15/2020 ^ | 330 | 367 | ||||||
DnB NOR Boligkreditt | ||||||||
2.10%, 10/14/2015 - 144A | 11,965 | 11,824 | ||||||
2.90%, 03/29/2016 - 144A | 10,975 | 11,170 | ||||||
Eksportfinans ASA | ||||||||
2.00%, 09/15/2015 ^ | 10,795 | 10,766 | ||||||
5.50%, 05/25/2016 | 5,075 | 5,799 | ||||||
Fifth Third Capital Trust IV | ||||||||
6.50%, 04/15/2037 * | 1,245 | 1,223 | ||||||
Glitnir Banki Hf | ||||||||
6.33%, 07/28/2011 - 144A Џ ‡ | 290 | 80 | ||||||
6.69%, 06/15/2016 - 144A Џ ‡ Ә | 800 | ♦ | ||||||
HSBC Bank Brasil SA — Banco Multiplo | ||||||||
4.00%, 05/11/2016 - 144A | 5,850 | 5,909 | ||||||
HSBC Bank PLC | ||||||||
3.10%, 05/24/2016 - 144A | 2,900 | 2,881 | ||||||
HSBC Holdings PLC | ||||||||
5.10%, 04/05/2021 | 2,530 | 2,593 | ||||||
Kreditanstalt fuer Wiederaufbau | ||||||||
1.38%, 07/15/2013 | 3,000 | 3,043 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 18
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Commercial Banks (continued) | ||||||||
Landsbanki Islands HF | ||||||||
6.10%, 08/25/2011 - 144A Џ ‡ | $ | 320 | $ | 22 | ||||
Sparebank 1 Boligkreditt AS | ||||||||
1.25%, 10/25/2013 - 144A ^ | 6,990 | 6,983 | ||||||
UBS Preferred Funding Trust V | ||||||||
6.24%, 05/29/2049 * Ž | 245 | 240 | ||||||
Construction Materials - 0.0% ∞ | ||||||||
Lafarge SA | ||||||||
7.13%, 07/15/2036 | 700 | 688 | ||||||
Consumer Finance - 0.7% | ||||||||
Ally Financial, Inc. | ||||||||
8.00%, 03/15/2020 | 4,050 | 4,302 | ||||||
SLM Corp. | ||||||||
5.40%, 10/25/2011 | 3,365 | 3,399 | ||||||
6.25%, 01/25/2016 | 2,845 | 2,952 | ||||||
Diversified Consumer Services - 0.0% ∞ | ||||||||
Service Corp., International | ||||||||
7.50%, 04/01/2027 | 55 | 53 | ||||||
7.63%, 10/01/2018 | 50 | 54 | ||||||
Diversified Financial Services - 5.2% | ||||||||
AngloGold Ashanti Holdings PLC | ||||||||
5.38%, 04/15/2020 | 1,355 | 1,334 | ||||||
Bank of America Corp. | ||||||||
3.63%, 03/17/2016 | 1,265 | 1,269 | ||||||
5.00%, 05/13/2021 ^ | 1,760 | 1,739 | ||||||
5.63%, 07/01/2020 | 5,090 | 5,255 | ||||||
CDP Financial, Inc. | ||||||||
3.00%, 11/25/2014 - 144A | 8,435 | 8,774 | ||||||
Citigroup, Inc. | ||||||||
3.95%, 06/15/2016 ^ | 6,385 | 6,536 | ||||||
4.59%, 12/15/2015 ^ | 15,830 | 16,648 | ||||||
4.75%, 05/19/2015 | 4,955 | 5,240 | ||||||
5.00%, 09/15/2014 | 585 | 613 | ||||||
5.38%, 08/09/2020 ^ | 835 | 871 | ||||||
6.00%, 08/15/2017 | 420 | 460 | ||||||
Ford Motor Credit Co., LLC | ||||||||
6.63%, 08/15/2017 ^ | 1,740 | 1,850 | ||||||
General Electric Capital Corp. | ||||||||
0.41%, 04/10/2012 * | 4,255 | 4,259 | ||||||
General Electric Capital Corp. — Series A | ||||||||
6.88%, 01/10/2039 | 2,130 | 2,411 | ||||||
JPMorgan Chase & Co. | ||||||||
0.91%, 02/26/2013 * ^ | 1,550 | 1,561 | ||||||
3.15%, 07/05/2016 ^ | 4,750 | 4,779 | ||||||
JPMorgan Chase Bank NA | ||||||||
6.00%, 07/05/2017 - 10/01/2017 | 8,320 | 9,202 | ||||||
Kaupthing Bank Hf | ||||||||
7.13%, 05/19/2016 - 144A Џ ‡ Ә | 200 | ♦ | ||||||
Northern Rock Asset Management PLC | ||||||||
5.63%, 06/22/2017 - 144A | 1,335 | 1,405 | ||||||
Novus USA Trust — Series 2010-1 | ||||||||
1.51%, 11/18/2011 - 144A * | 3,820 | 3,796 | ||||||
Russian Agricultural Bank OJSC Via RSHB Capital SA | ||||||||
6.30%, 05/15/2017 - 144A | 170 | 181 | ||||||
Swiss Re Capital I LP | ||||||||
6.85%, 05/29/2049 - 144A * Ž ^ | 2,285 | 2,197 | ||||||
WEA Finance LLC | ||||||||
4.63%, 05/10/2021 - 144A | 1,280 | 1,242 | ||||||
Woodside Finance, Ltd. | ||||||||
4.60%, 05/10/2021 - 144A | 855 | 839 | ||||||
Diversified Telecommunication Services - 1.8% | ||||||||
Frontier Communications Corp. | ||||||||
7.13%, 03/15/2019 ^ | 75 | 77 | ||||||
GTE Corp. | ||||||||
6.84%, 04/15/2018 | 763 | 888 | ||||||
Intelsat Jackson Holdings SA | ||||||||
7.25%, 04/01/2019 - 144A | 1,412 | 1,401 | ||||||
Level 3 Financing, Inc. | ||||||||
8.75%, 02/15/2017 | 377 | 385 | ||||||
9.38%, 04/01/2019 - 144A | 754 | 777 | ||||||
10.00%, 02/01/2018 | 750 | 805 | ||||||
Qwest Communications International, Inc. | ||||||||
7.13%, 04/01/2018 | 1,145 | 1,229 | ||||||
8.00%, 10/01/2015 | 2,400 | 2,610 | ||||||
Qwest Corp. | ||||||||
6.50%, 06/01/2017 | 435 | 472 | ||||||
7.63%, 06/15/2015 | 807 | 912 | ||||||
8.38%, 05/01/2016 | 842 | 994 | ||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 822 | 779 | ||||||
8.75%, 03/15/2032 | 80 | 87 | ||||||
Telecom Italia Capital SA | ||||||||
5.25%, 10/01/2015 | 2,115 | 2,199 | ||||||
Telefonica Emisiones SAU | ||||||||
4.95%, 01/15/2015 | 4,850 | 5,161 | ||||||
6.42%, 06/20/2016 | 75 | 84 | ||||||
Verizon Communications, Inc. | ||||||||
6.10%, 04/15/2018 | 2,223 | 2,547 | ||||||
6.40%, 02/15/2038 | 1,004 | 1,088 | ||||||
8.75%, 11/01/2018 | 2,524 | 3,284 | ||||||
8.95%, 03/01/2039 | 210 | 296 | ||||||
Virgin Media Secured Finance PLC | ||||||||
6.50%, 01/15/2018 ^ | 2,160 | 2,368 | ||||||
Electric Utilities - 1.5% | ||||||||
Alabama Power Co. | ||||||||
3.95%, 06/01/2021 | 1,905 | 1,901 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
8.88%, 11/15/2018 | 459 | 588 | ||||||
Duke Energy Carolinas LLC | ||||||||
3.90%, 06/15/2021 | 1,530 | 1,529 | ||||||
Energy Future Intermediate Holding Co., LLC | ||||||||
10.00%, 12/01/2020 | 5,135 | 5,477 | ||||||
FirstEnergy Corp. — Series B | ||||||||
6.45%, 11/15/2011 | 29 | 30 | ||||||
FirstEnergy Corp. — Series C | ||||||||
7.38%, 11/15/2031 | 515 | 586 | ||||||
Florida Power & Light Co. | ||||||||
5.63%, 04/01/2034 | 1,000 | 1,054 | ||||||
Florida Power Corp. | ||||||||
6.40%, 06/15/2038 | 1,000 | 1,155 | ||||||
Georgia Power Co. | ||||||||
3.00%, 04/15/2016 | 3,370 | 3,450 | ||||||
Jersey Central Power & Light Co. | ||||||||
7.35%, 02/01/2019 ^ | 1,025 | 1,244 | ||||||
Midamerican Energy Holdings Co. | ||||||||
5.95%, 05/15/2037 | 2,560 | 2,693 | ||||||
Southern California Edison Co. | ||||||||
3.88%, 06/01/2021 | 2,530 | 2,525 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 19
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Electric Utilities (continued) | ||||||||
Trans-Allegheny Interstate Line Co. | ||||||||
4.00%, 01/15/2015 - 144A | $ | 1,050 | $ | 1,095 | ||||
Energy Equipment & Services - 0.8% | ||||||||
Cie Generale de Geophysique-Veritas | ||||||||
7.75%, 05/15/2017 | 105 | 108 | ||||||
Complete Production Services, Inc. | ||||||||
8.00%, 12/15/2016 | 195 | 204 | ||||||
El Paso Pipeline Partners Operating Co., LLC | ||||||||
6.50%, 04/01/2020 | 2,440 | 2,731 | ||||||
Ensco PLC | ||||||||
3.25%, 03/15/2016 | 700 | 711 | ||||||
4.70%, 03/15/2021 | 1,459 | 1,474 | ||||||
Enterprise Products Operating LLC | ||||||||
6.13%, 10/15/2039 | 2,030 | 2,064 | ||||||
Gulfmark Offshore, Inc. | ||||||||
7.75%, 07/15/2014 | 40 | 40 | ||||||
Pride International, Inc. | ||||||||
6.88%, 08/15/2020 | 995 | 1,157 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.90%, 04/15/2015 - 144A | 3,949 | 4,008 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Wal-Mart Stores, Inc. | ||||||||
5.63%, 04/15/2041 | 2,230 | 2,301 | ||||||
Food Products - 0.3% | ||||||||
Kraft Foods, Inc. | ||||||||
5.38%, 02/10/2020 | 3,300 | 3,607 | ||||||
6.50%, 08/11/2017 | 1,120 | 1,317 | ||||||
Health Care Providers & Services - 0.8% | ||||||||
Fresenius Medical Care U.S. Finance, Inc. | ||||||||
6.88%, 07/15/2017 | 280 | 296 | ||||||
HCA, Inc. | ||||||||
7.25%, 09/15/2020 | 4,395 | 4,719 | ||||||
9.63%, 11/15/2016 Ώ | 500 | 532 | ||||||
Tenet Healthcare Corp. | ||||||||
8.88%, 07/01/2019 | 2,855 | 3,151 | ||||||
9.00%, 05/01/2015 | 1,325 | 1,421 | ||||||
WellPoint, Inc. | ||||||||
5.25%, 01/15/2016 | 1,420 | 1,584 | ||||||
Hotels, Restaurants & Leisure - 0.2% | ||||||||
Caesars Entertainment Operating Co., Inc. | ||||||||
10.00%, 12/15/2018 ^ | 1,685 | 1,520 | ||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
1.25%, 11/30/2020 - 144A Ώ | 40 | 24 | ||||||
Yum! Brands, Inc. | ||||||||
5.30%, 09/15/2019 | 731 | 786 | ||||||
6.25%, 04/15/2016 | 1,106 | 1,269 | ||||||
Independent Power Producers & Energy Traders - 0.0% ∞ | ||||||||
AES Corp. | ||||||||
7.75%, 03/01/2014 | 67 | 72 | ||||||
Insurance - 2.4% | ||||||||
American International Group, Inc. | ||||||||
5.45%, 05/18/2017 | 1,555 | 1,624 | ||||||
8.18%, 05/15/2058 * | 480 | 524 | ||||||
Fairfax Financial Holdings, Ltd. | ||||||||
5.80%, 05/15/2021 - 144A | 2,510 | 2,431 | ||||||
Genworth Financial, Inc. | ||||||||
6.15%, 11/15/2066 * ^ | 380 | 276 | ||||||
Liberty Mutual Group, Inc. | ||||||||
10.75%, 06/15/2058 - 144A * | 380 | 504 | ||||||
Lincoln National Corp. | ||||||||
7.00%, 06/15/2040 ^ | 1,450 | 1,635 | ||||||
Manulife Financial Corp. | ||||||||
3.40%, 09/17/2015 | 3,480 | 3,588 | ||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 01/11/2013 - 144A | 17,330 | 17,645 | ||||||
2.88%, 09/17/2012 - 144A | 1,525 | 1,558 | ||||||
Prudential Financial, Inc. | ||||||||
4.50%, 11/15/2020 | 1,000 | 993 | ||||||
4.75%, 09/17/2015 | 3,595 | 3,869 | ||||||
5.38%, 06/21/2020 | 1,500 | 1,580 | ||||||
XL Group PLC | ||||||||
6.50%, 12/29/2049 * Ž ^ | 1,620 | 1,486 | ||||||
Life Sciences Tools & Services - 0.0% ∞ | ||||||||
Life Technologies Corp. | ||||||||
5.00%, 01/15/2021 | 461 | 468 | ||||||
Media - 2.6% | ||||||||
CBS Corp. | ||||||||
4.63%, 05/15/2018 | 670 | 690 | ||||||
5.75%, 04/15/2020 ^ | 1,060 | 1,149 | ||||||
8.88%, 05/15/2019 | 1,460 | 1,861 | ||||||
CCH II LLC | ||||||||
13.50%, 11/30/2016 | 5,880 | 6,925 | ||||||
Comcast Corp. | ||||||||
5.88%, 02/15/2018 | 2,709 | 3,038 | ||||||
6.95%, 08/15/2037 | 2,935 | 3,313 | ||||||
COX Communications, Inc. | ||||||||
8.38%, 03/01/2039 - 144A | 3,525 | 4,610 | ||||||
DIRECTV Holdings LLC | ||||||||
3.13%, 02/15/2016 | 2,095 | 2,125 | ||||||
Discovery Communications LLC | ||||||||
3.70%, 06/01/2015 | 2,350 | 2,473 | ||||||
DISH DBS Corp. | ||||||||
7.00%, 10/01/2013 | 115 | 123 | ||||||
Lamar Media Corp. — Series B | ||||||||
6.63%, 08/15/2015 ^ | 20 | 20 | ||||||
NBCUniversal Media LLC | ||||||||
4.38%, 04/01/2021 - 144A | 575 | 569 | ||||||
5.15%, 04/30/2020 - 144A | 5,746 | 6,068 | ||||||
News America, Inc. | ||||||||
6.15%, 02/15/2041 - 144A | 1,920 | 1,902 | ||||||
6.20%, 12/15/2034 ^ | 1,365 | 1,394 | ||||||
6.65%, 11/15/2037 | 40 | 43 | ||||||
7.63%, 11/30/2028 | 1,070 | 1,272 | ||||||
Time Warner Cable, Inc. | ||||||||
5.88%, 11/15/2040 | 2,045 | 2,018 | ||||||
Time Warner, Inc. | ||||||||
4.70%, 01/15/2021 | 950 | 963 | ||||||
6.10%, 07/15/2040 | 630 | 640 | ||||||
Metals & Mining - 1.0% | ||||||||
Barrick Gold Corp. | ||||||||
2.90%, 05/30/2016 - 144A | 9,550 | 9,543 | ||||||
Barrick North America Finance LLC | ||||||||
4.40%, 05/30/2021 - 144A | 65 | 65 | ||||||
Cliffs Natural Resources, Inc. | ||||||||
4.88%, 04/01/2021 | 2,495 | 2,502 | ||||||
Corp., Nacional del Cobre de Chile | ||||||||
3.75%, 11/04/2020 - 144A | 1,152 | 1,094 | ||||||
Novelis, Inc. | ||||||||
8.75%, 12/15/2020 | 2,735 | 2,954 | ||||||
Old AII, Inc. | ||||||||
9.00%, 12/15/2014 Џ Ώ ‡ Ә | 560 | ♦ |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 20
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Principal | Value | |||||||
Metals & Mining (continued) | ||||||||
Steel Dynamics, Inc. | ||||||||
6.75%, 04/01/2015 | $ | 105 | $ | 107 | ||||
7.38%, 11/01/2012 | 55 | 58 | ||||||
Multiline Retail - 0.6% | ||||||||
Dollar General Corp. | ||||||||
11.88%, 07/15/2017 Ώ | 3,630 | 4,138 | ||||||
Macy’s Retail Holdings, Inc. | ||||||||
5.90%, 12/01/2016 | 4,130 | 4,636 | ||||||
Multi-Utilities - 0.0% ∞ | ||||||||
Dominion Resources, Inc. — Series D | ||||||||
8.88%, 01/15/2019 | 560 | 725 | ||||||
Oil, Gas & Consumable Fuels - 4.0% | ||||||||
Anadarko Petroleum Corp. | ||||||||
5.95%, 09/15/2016 | 5,445 | 6,128 | ||||||
6.38%, 09/15/2017 | 3,168 | 3,632 | ||||||
Arch Coal, Inc. | ||||||||
7.25%, 10/01/2020 | 4,130 | 4,202 | ||||||
Chesapeake Energy Corp. | ||||||||
6.63%, 08/15/2020 | 2,346 | 2,469 | ||||||
Consol Energy, Inc. | ||||||||
8.00%, 04/01/2017 | 2,610 | 2,845 | ||||||
8.25%, 04/01/2020 | 365 | 398 | ||||||
El Paso Corp. | ||||||||
7.80%, 08/01/2031 | 19 | 22 | ||||||
Enterprise Products Operating LLC | ||||||||
5.20%, 09/01/2020 ^ | 5,125 | 5,404 | ||||||
KeySpan Gas East Corp. | ||||||||
5.82%, 04/01/2041 - 144A | 2,100 | 2,160 | ||||||
Kinder Morgan Energy Partners, LP | ||||||||
5.30%, 09/15/2020 | 1,981 | 2,084 | ||||||
6.38%, 03/01/2041 ^ | 660 | 676 | ||||||
6.55%, 09/15/2040 | 470 | 492 | ||||||
Marathon Petroleum Corp. | ||||||||
6.50%, 03/01/2041 - 144A | 3,154 | 3,260 | ||||||
MEG Energy Corp. | ||||||||
6.50%, 03/15/2021 - 144A | 2,380 | 2,392 | ||||||
Nexen, Inc. | ||||||||
7.50%, 07/30/2039 | 2,660 | 2,975 | ||||||
Pemex Project Funding Master Trust | ||||||||
6.63%, 06/15/2035 | 1,060 | 1,117 | ||||||
Petrobras International Finance Co. | ||||||||
3.88%, 01/27/2016 | 5,825 | 5,932 | ||||||
5.75%, 01/20/2020 | 7,340 | 7,829 | ||||||
5.88%, 03/01/2018 | 1,010 | 1,087 | ||||||
6.13%, 10/06/2016 | 371 | 413 | ||||||
Rockies Express Pipeline LLC | ||||||||
6.85%, 07/15/2018 - 144A | 856 | 960 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 ‡ Ә | 125 | ♦ | ||||||
Tennessee Gas Pipeline Co. | ||||||||
7.00%, 10/15/2028 | 665 | 766 | ||||||
Valero Energy Corp. | ||||||||
6.13%, 02/01/2020 ^ | 1,060 | 1,165 | ||||||
6.63%, 06/15/2037 | 468 | 488 | ||||||
Western Gas Partners, LP | ||||||||
5.38%, 06/01/2021 | 3,010 | 3,100 | ||||||
Williams Partners, LP | ||||||||
4.13%, 11/15/2020 | 1,450 | 1,391 | ||||||
Paper & Forest Products - 0.1% | ||||||||
International Paper Co. | ||||||||
5.30%, 04/01/2015 ^ | 176 | 192 | ||||||
Inversiones CMPC SA | ||||||||
4.75%, 01/19/2018 - 144A | 985 | 985 | ||||||
Pharmaceuticals - 0.3% | ||||||||
Teva Pharmaceutical Finance II BV | ||||||||
3.00%, 06/15/2015 | 2,330 | 2,398 | ||||||
Wyeth | ||||||||
5.95%, 04/01/2037 | 470 | 504 | ||||||
6.00%, 02/15/2036 | 1,580 | 1,708 | ||||||
Real Estate Investment Trusts - 0.3% | ||||||||
Hospitality Properties Trust | ||||||||
5.63%, 03/15/2017 | 1,507 | 1,558 | ||||||
Mack-Cali Realty, LP | ||||||||
7.75%, 08/15/2019 | 1,300 | 1,565 | ||||||
Ventas Realty, LP | ||||||||
4.75%, 06/01/2021 | 1,155 | 1,127 | ||||||
Real Estate Management & Development - 0.2% | ||||||||
Forest City Enterprises, Inc. | ||||||||
6.50%, 02/01/2017 ^ | 30 | 29 | ||||||
7.63%, 06/01/2015 | 35 | 34 | ||||||
Realogy Corp. | ||||||||
7.88%, 02/15/2019 - 144A ^ | 3,100 | 3,069 | ||||||
Road & Rail - 0.4% | ||||||||
Burlington Northern Santa Fe LLC | ||||||||
5.75%, 05/01/2040 | 4,680 | 4,821 | ||||||
CSX Corp. | ||||||||
4.25%, 06/01/2021 | 1,655 | 1,647 | ||||||
Software - 0.3% | ||||||||
First Data Corp. | ||||||||
7.38%, 06/15/2019 - 144A ^ | 2,565 | 2,584 | ||||||
12.63%, 01/15/2021 - 144A | 2,465 | 2,638 | ||||||
Tobacco - 0.4% | ||||||||
Philip Morris International, Inc. | ||||||||
4.50%, 03/26/2020 | 5,600 | 5,822 | ||||||
Wireless Telecommunication Services - 0.6% | ||||||||
Cricket Communications, Inc. | ||||||||
7.75%, 05/15/2016 | 2,093 | 2,219 | ||||||
Crown Castle Towers LLC | ||||||||
6.11%, 01/15/2020 - 144A | 7,340 | 8,008 | ||||||
Total Corporate Debt Securities (cost $509,934) | 519,458 | |||||||
CONVERTIBLE BOND - 0.1% | ||||||||
Machinery - 0.1% | ||||||||
Navistar International Corp. | ||||||||
3.00%, 10/15/2014 | 1,020 | 1,335 | ||||||
Total Convertible Bond (cost $1,207) |
Shares | Value | |||||||
PREFERRED STOCKS - 0.0% ∞ | ||||||||
Consumer Finance - 0.0% ∞ | ||||||||
Ally Financial, Inc. 7.00% - 144A Ә | 341 | 320 | ||||||
U.S. Government Agency Obligation - 0.0% ∞ | ||||||||
Fannie Mae 0.00% * | 1,300 | 5 | ||||||
Fannie Mae 8.25% * | 81,175 | 175 | ||||||
Freddie Mac 8.38% * | 93,300 | 275 | ||||||
Total Preferred Stocks (cost $2,158) | 775 | |||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 21
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 0.0% ∞ | ||||||||
Media - 0.0% ∞ | ||||||||
Charter Communications, Inc. ‡ | 692 | $ | 38 | |||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. — Class A ‡ | 323 | 8 | ||||||
Total Common Stocks (cost $31) | 46 | |||||||
WARRANT - 0.0% ∞ | ||||||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 340 | 2 | ||||||
Total Warrant (cost $t ) |
Notional | ||||||||
Amount | Value | |||||||
PURCHASED OPTIONS - 0.1% | ||||||||
Call Options - 0.1% | ||||||||
10-Year U.S. Treasury Note Future | $ | 231 | 437 | |||||
Call Strike $121.50 | ||||||||
Expires 08/26/2011 | ||||||||
Put Options - 0.0% ∞ | ||||||||
10-Year U.S. Treasury Note Future | 231 | 245 | ||||||
Put Strike $121.50 | ||||||||
Expires 08/26/2011 | ||||||||
5-Year U.S. Treasury Note Future | 288 | 56 | ||||||
Put Strike $116.00 | ||||||||
Expires 08/26/2011 | ||||||||
5-Year U.S. Treasury Note Future | 90 | 77 | ||||||
Put Strike $119.00 | ||||||||
Expires 08/26/2011 | ||||||||
5-Year U.S. Treasury Note Future | 826 | 265 | ||||||
Put Strike $117.00 | ||||||||
Expires 08/26/2011 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | 2,343 | 41 | ||||||
Put Strike $98.50 | ||||||||
Expires 09/16/2011 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | 3,390 | 25 | ||||||
Put Strike $98.25 | ||||||||
Expires 09/16/2011 | ||||||||
Total Purchased Options (cost $2,693) | 1,146 | |||||||
PURCHASED SWAPTIONS - 1.0% p | ||||||||
Call Swaptions - 0.6% | ||||||||
If exercised the Portfolio receives 1.76%, and pays floating 3 month LIBOR, European Style Expires 01/26/2012 | 40,800 | 568 | ||||||
If exercised the Portfolio receives 3.12%, and pays floating 3 month LIBOR, European Style Expires 11/08/2011 | 2,900 | 27 | ||||||
If exercised the Portfolio receives 3.15%, and pays floating 3 month LIBOR, European Style Expires 06/11/2012 | 5,800 | 84 | ||||||
If exercised the Portfolio receives 3.46%, and pays floating 3 month LIBOR, European Style Expires 10/22/2012 | 33,100 | 787 | ||||||
If exercised the Portfolio receives 3.52%, and pays floating 3 month LIBOR, European Style Expires 06/18/2012 | 20,700 | 559 | ||||||
If exercised the Portfolio receives 3.75%, and pays floating 3 month LIBOR, European Style Expires 09/26/2011 | 47,200 | 1,847 | ||||||
If exercised the Portfolio receives 3.76%, and pays floating 3 month LIBOR, European Style Expires 05/08/2012 | 13,400 | 514 | ||||||
If exercised the Portfolio receives 3.79%, and pays floating 3 month LIBOR, European Style Expires 05/10/2012 | 24,400 | 969 | ||||||
If exercised the Portfolio receives 3.84%, and pays floating 3 month LIBOR, European Style Expires 05/03/2012 | 20,400 | 858 | ||||||
If exercised the Portfolio receives 3.86%, and pays floating 3 month LIBOR, European Style Expires 05/02/2012 | 15,700 | 687 | ||||||
If exercised the Portfolio receives 3.99%, and pays floating 3 month LIBOR, European Style Expires 06/03/2013 | 7,200 | 312 | ||||||
If exercised the Portfolio receives 4.46%, and pays floating 3 month LIBOR, European Style Expires 05/27/2014 | 15,000 | 850 | ||||||
If exercised the Portfolio receives 4.49%, and pays floating 3 month LIBOR, European Style Expires 05/20/2014 | 2,100 | 122 | ||||||
If exercised the Portfolio receives 4.76%, and pays floating 3 month LIBOR, European Style Expires 05/17/2016 | 8,400 | 514 | ||||||
Put Swaptions - 0.4% | ||||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 1.76%, European Style Expires 01/26/2012 | 40,800 | 47 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 2.5%, European Style Expires 01/26/2012 | 18,400 | 5 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.12%, European Style Expires 11/08/2011 | 2,900 | 105 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.46%, European Style Expires 10/22/2012 | 33,100 | 1,971 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.52%, European Style Expires 06/18/2012 | 20,700 | 939 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 22
At June 30, 2011
(all amounts in thousands)
(unaudited)
Notional | ||||||||
Amount | Value | |||||||
Put Swaptions (continued) | ||||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.75%, European Style Expires 09/26/2011 | $ | 47,200 | $ | 313 | ||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.76%, European Style Expires 05/08/2012 | 13,400 | 418 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.79%, European Style Expires 05/10/2012 | 24,400 | 743 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.84%, European Style Expires 05/03/2012 | 20,400 | 577 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.86%, European Style Expires 05/02/2012 | 15,700 | 426 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 3.99%, European Style Expires 06/03/2013 | 7,200 | 414 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.46%, European Style Expires 05/27/2014 | 15,000 | 920 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.49%, European Style Expires 05/20/2014 | 2,100 | 126 | ||||||
If exercised the Portfolio receives floating 3 month LIBOR, and pays 4.76%, European Style Expires 05/17/2016 | 8,400 | 603 | ||||||
Total Purchased Swaptions (cost $17,403) | 16,305 | |||||||
�� |
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 4.1% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 65,600,103 | 65,600 | ||||||
Total Securities Lending Collateral (cost $65,600) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.3% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $4,163 on 07/01/2011. Collateralized by U.S. Government Agency Obligations, 3.50% - 4.00%, due 12/15/2017 - 11/25/2038, with a value of $4,250. | $ | 4,163 | $ | 4,163 | ||||
Total Repurchase Agreement (cost $4,163) | ||||||||
Total Investment Securities (cost $1,833,446) # | 1,832,034 | |||||||
Other Assets and Liabilities — Net | (247,880 | ) | ||||||
Net Assets | $ | 1,584,154 | ||||||
Principal | Value | |||||||
SECURITIES SOLD SHORT — (8.4%) | ||||||||
U.S. Government Agency Obligation — (8.4%) | ||||||||
Fannie Mae, TBA | ||||||||
4.00% | (34,600 | ) | (36,038 | ) | ||||
4.50% | (44,100 | ) | (45,623 | ) | ||||
Freddie Mac, TBA | ||||||||
4.00% | (22,100 | ) | (23,001 | ) | ||||
4.50% | (27,200 | ) | (28,097 | ) | ||||
Total Securities Sold Short (proceeds $(133,225)) | (132,759 | ) | ||||||
Notional | ||||||||
Amount | Value | |||||||
WRITTEN-OPTIONS - 0.0% ∞ | ||||||||
Call Options - 0.0% ∞ | ||||||||
30-Year U.S. Treasury Note Future | (138 | ) | (229 | ) | ||||
Call Strike $124.00 | ||||||||
Expires 08/26/2011 | ||||||||
Put Options - 0.0% ∞ | ||||||||
30-Year U.S. Treasury Note Future | (138 | ) | (362 | ) | ||||
Put Strike $124.00 | ||||||||
Expires 08/26/2011 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | (3,390 | ) | (8 | ) | ||||
Put Strike $97.75 | ||||||||
Expires 09/16/2011 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | (2,343 | ) | (6 | ) | ||||
Put Strike $98.00 | ||||||||
Expires 09/16/2011 | ||||||||
Total Written Options (Premiums: $(1,292)) | (605 | ) | ||||||
Pay/Receive | Exercise | Expiration | Premiums Paid | |||||||||||||||||||||||||
Description | Floating Rate Index | Floating Rate | Rate | Date | Notional Amount | (Received) | Value | |||||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 2.08 | % | 02/07/2012 | $ | (39,100 | ) | $ | (339 | ) | $ | (759 | ) | ||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 2.65 | 06/11/2012 | (5,800 | ) | (49 | ) | (26 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 2.90 | 11/30/2011 | (40,100 | ) | (267 | ) | (267 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 2.90 | 06/11/2012 | (5,800 | ) | (78 | ) | (49 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.00 | 12/29/2011 | (10,300 | ) | (102 | ) | (86 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.26 | 06/10/2013 | (20,000 | ) | (555 | ) | (446 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.57 | 06/01/2012 | (10,000 | ) | (350 | ) | (289 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.72 | 05/14/2012 | (7,700 | ) | (278 | ) | (278 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.77 | 11/23/2012 | (14,600 | ) | (724 | ) | (534 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.79 | 05/21/2012 | (5,500 | ) | (200 | ) | (218 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.89 | 03/19/2012 | (23,700 | ) | (899 | ) | (1,090 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.93 | 04/27/2012 | (26,700 | ) | (970 | ) | (1,258 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.93 | 04/27/2012 | (26,200 | ) | (957 | ) | (1,234 | ) |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 23
At June 30, 2011
(all amounts in thousands)
(unaudited)
Pay/Receive | Exercise | Expiration | Premiums Paid | |||||||||||||||||||||||||
Description | Floating Rate Index | Floating Rate | Rate | Date | Notional Amount | (Received) | Value | |||||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.94 | 03/21/2012 | (3,000 | ) | (113 | ) | (146 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.95 | 04/19/2012 | (7,900 | ) | (286 | ) | (382 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.96 | 04/23/2012 | (600 | ) | (21 | ) | (29 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 3.98 | 04/20/2012 | (18,000 | ) | (644 | ) | (902 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.02 | 03/26/2012 | (10,400 | ) | (387 | ) | (553 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.02 | 02/02/2012 | (15,100 | ) | (586 | ) | (827 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.03 | 04/06/2012 | (9,900 | ) | (356 | ) | (530 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.52 | 03/01/2013 | (9,600 | ) | (484 | ) | (691 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.90 | 03/04/2013 | (24,700 | ) | (1,470 | ) | (2,278 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 4.92 | 03/05/2013 | (14,000 | ) | (820 | ) | (1,313 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 5.07 | 02/10/2014 | (15,300 | ) | (904 | ) | (1,387 | ) | ||||||||||||||||||
Call – Interest Rate Swap, European Style | 3-month USD LIBOR | Receive | 5.09 | 02/10/2014 | (4,100 | ) | (238 | ) | (376 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 2.08 | 02/07/2012 | (39,100 | ) | (339 | ) | (29 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 2.15 | 08/26/2011 | (10,300 | ) | (62 | ) | (62 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.26 | 06/10/2013 | (20,000 | ) | (555 | ) | (655 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.57 | 06/01/2012 | (10,000 | ) | (350 | ) | (416 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.72 | 05/14/2012 | (7,700 | ) | (278 | ) | (258 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.77 | 11/23/2012 | (14,600 | ) | (724 | ) | (733 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.79 | 05/21/2012 | (5,500 | ) | (200 | ) | (173 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.89 | 03/19/2012 | (23,700 | ) | (899 | ) | (521 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.93 | 04/27/2012 | (26,200 | ) | (956 | ) | (651 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.93 | 04/27/2012 | (26,700 | ) | (970 | ) | (663 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.94 | 03/21/2012 | (3,000 | ) | (113 | ) | (62 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.95 | 04/19/2012 | (7,900 | ) | (286 | ) | (185 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.95 | 11/30/2011 | (40,100 | ) | (361 | ) | (361 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.96 | 04/23/2012 | (600 | ) | (21 | ) | (14 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 3.98 | 04/20/2012 | (18,000 | ) | (644 | ) | (409 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.00 | 12/29/2011 | (10,300 | ) | (102 | ) | (120 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.02 | 03/26/2012 | (10,400 | ) | (387 | ) | (200 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.02 | 02/02/2012 | (15,100 | ) | (586 | ) | (218 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.03 | 04/16/2012 | (9,900 | ) | (356 | ) | (206 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.03 | 04/16/2012 | (20,200 | ) | (736 | ) | (417 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.03 | 04/16/2012 | (20,200 | ) | (736 | ) | (1,087 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.52 | 03/01/2013 | (9,600 | ) | (484 | ) | (323 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.90 | 03/04/2013 | (24,700 | ) | (1,470 | ) | (608 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 4.92 | 03/05/2013 | (14,000 | ) | (820 | ) | (339 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 5.07 | 02/10/2014 | (15,300 | ) | (904 | ) | (603 | ) | ||||||||||||||||||
Put — Interest Rate Swap, European Style | 3-month USD LIBOR | Pay | 5.09 | 02/10/2014 | (4,100 | ) | (238 | ) | (160 | ) | ||||||||||||||||||
$ | (25,654 | ) | $ | (25,421 | ) | |||||||||||||||||||||||
Implied Credit | Premiums | Net Unrealized | ||||||||||||||||||||||||||||||
Fixed Deal | Maturity | Spread (BP) at | Notional | Market | Paid | Appreciation | ||||||||||||||||||||||||||
Reference Obligation | Pay Rate | Date | Counterparty | 06/30/2011(3) | Amount(4) | Value(5) | (Received) | (Depreciation) | ||||||||||||||||||||||||
Emerging Markets Index — Series 14 | 5.00 | % | 12/20/2015 | MYC | 2.05 | $ | 4,380 | $ | (510 | ) | $ | (494 | ) | $ | (16 | ) | ||||||||||||||||
Spain | 1.00 | 03/20/2016 | CBK | 2.56 | 2,500 | 184 | 180 | 4 | ||||||||||||||||||||||||
Spain | 1.00 | 03/20/2016 | MYC | 2.56 | 8,000 | 588 | 569 | 19 | ||||||||||||||||||||||||
Spain | 1.00 | 03/20/2016 | DUB | 2.56 | 8,000 | 587 | 568 | 19 | ||||||||||||||||||||||||
$ | 849 | $ | 823 | $ | 26 | |||||||||||||||||||||||||||
Fixed Deal | Implied Credit | Net Unrealized | ||||||||||||||||||||||||||||||
Receive | Maturity | Spread (BP) at | Notional | Market | Premiums | Appreciation | ||||||||||||||||||||||||||
Reference Obligation | Rate | Date | Counterparty | 06/30/2011(3) | Amount (4) | Value (5) | Paid(Received) | (Depreciation) | ||||||||||||||||||||||||
Aviva USA Corp. | 1.00 | % | 05/25/2012 | DUB | 1.00 | $ | 4,800 | $ | (23 | ) | $ | (28 | ) | $ | 5 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 24
At June 30, 2011
(all amounts in thousands)
(unaudited)
Net Unrealized | ||||||||||||||||||||||||||||||||
Maturity | Currency | Notional | Market | Premiums | Appreciation | |||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | Paid(Received) | (Depreciation) | ||||||||||||||||||||||||
3-Month USD-LIBOR | 0.79 | % | 05/04/2013 | CBK | USD | $ | 5,400 | $ | (15 | ) | $ | — | $ | (15 | ) | |||||||||||||||||
3-Month USD-LIBOR | 0.65 | 06/22/2013 | UAG | USD | 100,000 | 67 | — | 67 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 0.67 | 06/29/2013 | BOA | USD | 25,200 | 8 | — | 8 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 0.71 | 07/01/2013 | CBK | USD | 85,900 | (44 | ) | — | (44 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 0.71 | 07/01/2013 | DUB | USD | 91,000 | (33 | ) | — | (33 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 2.48 | 02/22/2016 | DUB | USD | 2,900 | (81 | ) | — | (81 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 2.38 | 03/11/2016 | CBK | USD | 8,000 | (178 | ) | — | (178 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 3.39 | 05/04/2021 | CBK | USD | 2,100 | (28 | ) | — | (28 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 3.27 | 05/16/2021 | DUB | USD | 7,870 | (20 | ) | — | (20 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 3.18 | 07/01/2021 | CBK | USD | 2,600 | 18 | — | 18 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 4.35 | 04/14/2041 | DUB | USD | 3,600 | (185 | ) | — | (185 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 4.34 | 04/14/2041 | CBK | USD | 3,600 | (176 | ) | — | (176 | ) | ||||||||||||||||||||||
3-Month USD-LIBOR | 4.06 | 07/05/2041 | DUB | USD | 3,100 | — | — | — | ||||||||||||||||||||||||
$ | (667 | ) | $ | — | $ | (667 | ) | |||||||||||||||||||||||||
Net Unrealized | ||||||||||||||||||||||||||||||||
Maturity | Currency | Notional | Market | Premiums | Appreciation | |||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Date | Counterparty | Code | Amount | Value | Paid(Received) | (Depreciation) | ||||||||||||||||||||||||
3-Month USD-LIBOR | 3.42 | % | 03/18/2021 | DUB | USD | $ | 6,200 | $ | 110 | $ | — | $ | 110 | |||||||||||||||||||
3-Month USD-LIBOR | 4.01 | 05/18/2021 | GLM | USD | 29,900 | 1,998 | 1,159 | 838 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 3.08 | 06/15/2021 | CBK | USD | 10,000 | (146 | ) | — | (146 | ) | ||||||||||||||||||||||
$ | 1,962 | $ | 1,159 | $ | 802 | |||||||||||||||||||||||||||
Net Unrealized | ||||||||||||||||
Appreciation | ||||||||||||||||
Description | Type | Contracts | Expiration Date | (Depreciation) | ||||||||||||
10-Year U.S. Treasury Note | Long | 165 | 09/21/2011 | $ | (79 | ) | ||||||||||
2-Year U.S. Treasury Note | Long | 433 | 09/30/2011 | (5 | ) | |||||||||||
30-Year U.S. Treasury Bond | Long | 620 | 09/21/2011 | (1,327 | ) | |||||||||||
5-Year U.S. Treasury Note | Long | 832 | 09/30/2011 | (421 | ) | |||||||||||
90-Day Eurodollar | Short | (286 | ) | 12/19/2011 | (305 | ) | ||||||||||
German Euro Bund | Long | 15 | 09/08/2011 | 19 | ||||||||||||
U.K. Long Gilt Bond | Short | (1 | ) | 09/28/2011 | (1 | ) | ||||||||||
Ultra Long U.S. Treasury Bond | Short | (170 | ) | 09/21/2011 | 336 | |||||||||||
$ | (1,783 | ) | ||||||||||||||
Amount in U.S. | Net Unrealized | |||||||||||||||
Dollars Bought | Appreciation | |||||||||||||||
Currency | Bought (Sold) | Settlement Date | (Sold) | (Depreciation) | ||||||||||||
Euro | (201 | ) | 07/27/2011 | $ | (292 | ) | $ | 1 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 25
At June 30, 2011
(all amounts in thousands)
(unaudited)
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $62,982. | |
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 $1,965, or 0.12% of the fund’s net assets. | |
Ž | The security has a perpetual maturity. The date shown is the next call date. | |
§ | Illiquid. At 06/30/11, illiquid investment securities aggregated to less than $1, or less than 0.01% of the portfolio’s net assets. | |
Џ | In default. | |
♦ | Value and/or principal is less than $1 or zero. | |
∞ | 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 06/30/2011. | |
p | Cash in the amount of $6,100 have been pledged by the broker as collateral with the custodian for open swap contracts and/or swaptions. Securities with an aggregate market value of $4,094 have been pledged by the broker as collateral for open swap contracts and/or swaptions. | |
a | A portion of this security in the amount of $18,172 has been segregated as collateral with the broker for open swaps contracts and/or for swaptions. | |
g | A portion of these securities in the amount of $1,833 have been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
ε | Cash in the amount of $33 is segregated as collateral with the broker to cover margin requirements for open futures contracts | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $1,833,446. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $36,265 and $37,677, respectively. Net unrealized depreciation for tax purposes is $1,412. | |
┌ | Contract amounts are not in thousands. | |
± | Restricted security. At 06/30/2011, the portfolio owned the following securities (representing 0.16% of net assets) which were restricted as to public resale. |
Description | Date of Acquisition | Principal | Cost | Value | Price* | |||||||||||||||
Globaldrive BV | 11/02/2009 | 1,732 | 2,590 | 2,529 | 1.46 |
* | Price not rounded to thousands. | |
(1) | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (a) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (b) receive 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. | |
(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. | |
(5) | The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of 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 |
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 06/30/2011, these securities aggregated $267,834, or 16.91%, of the fund’s net assets. | |
BOA | Bank of America | |
BP | Basis Points | |
CBK | Citibank N.A. | |
DUB | Deutsche Bank AG | |
EUR | Euro | |
GLM | Goldman Sachs Global Liquidity Management | |
IO | Interest Only | |
LIBOR | London Interbank Offered Rate | |
MYC | Morgan Stanley Capital Services | |
OJSC | Open Joint Stock Company |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 26
At June 30, 2011
(all amounts in thousands)
(unaudited)
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced | |
UAG | UBS AG | |
USD | United States Dollar |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 106,891 | $ | — | $ | 106,891 | ||||||||
Common Stocks | 46 | — | — | 46 | ||||||||||||
Convertible Bonds | — | 1,335 | — | 1,335 | ||||||||||||
Corporate Debt Securities | — | 519,458 | 519,458 | |||||||||||||
Foreign Government Obligations | — | 24,835 | — | 24,835 | ||||||||||||
Mortgage-Backed Securities | — | 251,807 | — | 251,807 | ||||||||||||
Municipal Government Obligations | — | 9,329 | — | 9,329 | ||||||||||||
Preferred Corporate Debt Securities | — | 6,115 | — | 6,115 | ||||||||||||
Preferred Stocks | 775 | — | — | 775 | ||||||||||||
Purchased Options | 1,146 | — | — | 1,146 | ||||||||||||
Purchased Swaptions | — | 16,305 | — | 16,305 | ||||||||||||
Repurchase Agreement | — | 4,163 | — | 4,163 | ||||||||||||
Securities Lending Collateral | 65,600 | — | — | 65,600 | ||||||||||||
U.S. Government Agency Obligations | — | 720,926 | — | 720,926 | ||||||||||||
U.S. Government Obligations | — | 103,301 | — | 103,301 | ||||||||||||
Warrants | 2 | — | — | 2 | ||||||||||||
Total | $ | 67,569 | $ | 1,764,465 | $ | ♦ | $ | 1,832,034 | ||||||||
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Securities Sold Short | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (132,759 | ) | $ | — | $ | (132,759 | ) |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Other Financial Instruments | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Written Options | $ | — | $ | (605 | ) | $ | — | $ | (605 | ) | ||||||
Written Swaptions | — | (25,421 | ) | — | (25,421 | ) | ||||||||||
Total | $ | — | $ | (26,026 | ) | $ | — | $ | (26,026 | ) | ||||||
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Total at | |||||||||||||
Other Financial InstrumentsҒ | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Interest Rate Swap — Appreciation | $ | — | $ | 1,041 | $ | — | $ | 1,041 | ||||||||
Interest Rate Swap — Depreciation | — | (906 | ) | — | (906 | ) | ||||||||||
Credit Default Swap — Appreciation | — | 47 | — | 47 | ||||||||||||
Credit Default Swap — Depreciation | — | (16 | ) | — | (16 | ) | ||||||||||
Futures Contracts — Appreciation | 355 | — | — | 355 | ||||||||||||
Futures Contracts — Depreciation | (2,138 | ) | — | — | (2,138 | ) | ||||||||||
Forward Foreign Currency Contracts - Appreciation | — | 1 | — | 1 | ||||||||||||
Total | $ | (1,783 | ) | $ | 167 | $ | — | $ | (1,616 | ) | ||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 27
At June 30, 2011
(all amounts in thousands)
(unaudited)
Net Change in | ||||||||||||||||||||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||||||||||||||||||||
Appreciation/ | ||||||||||||||||||||||||||||||||||||||||
Net Change in | (Depreciation) | |||||||||||||||||||||||||||||||||||||||
Beginning | Accrued | Total | Unrealized | Transfers | Transfers | Ending | on Investments | |||||||||||||||||||||||||||||||||
Balance at | Discounts/ | Realized | Appreciation | into Level | out of Level | Balance at | Held at | |||||||||||||||||||||||||||||||||
Securities | 12/31/2010 | Purchases | Sales | (Premiums) | Gain/(Loss) | /(Depreciation) ƒ | 3 ¥ | 3 ö | 06/30/2011 | 06/30/2011ƒ | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | ♦ | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | ♦ | $ | ♦ | $ | (3 | ) | |||||||||||||||||||
Preferred Corporate Debt Securities | ♦ | — | — | — | — | — | — | (♦ | ) | — | — | |||||||||||||||||||||||||||||
Total | $ | ♦ | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | ♦ | $ | (3 | ) | |||||||||||||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
Ғ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. | |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 06/30/2011 may be due to an investment no longer held or categorized as Level 3 at period end. | |
¥ | Transferred into Level 3 because of unavailability of observable inputs. | |
φ | Transferred out of Level 3 because of availability of observable inputs. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 28
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.0% ∞ | ||||||||
Diversified Telecommunication Services - 0.0% ∞ | ||||||||
Muzak Holdings LLC (Escrow Certificates) | ||||||||
10.00%, 02/15/2009 Ə | $ | 550 | $ | 38 | ||||
Hotels, Restaurants & Leisure - 0.0% ∞ | ||||||||
Fontainebleau Resorts | ||||||||
12.50%, 06/30/2012 - 144A Ə Џ Ώ ‡ | 3,827 | ♦ | ||||||
Total Preferred Corporate Debt Securities (cost $3,778) | 38 | |||||||
CORPORATE DEBT SECURITIES - 86.4% | ||||||||
Aerospace & Defense - 0.8% | ||||||||
Alliant Techsystems, Inc. | ||||||||
6.88%, 09/15/2020 | 565 | 588 | ||||||
BE Aerospace, Inc. | ||||||||
6.88%, 10/01/2020 | 1,590 | 1,666 | ||||||
TransDigm, Inc | ||||||||
7.75%, 12/15/2018 - 144A | 3,655 | 3,837 | ||||||
Air Freight & Logistics - 0.3% | ||||||||
AMGH Merger Sub, Inc. | ||||||||
9.25%, 11/01/2018 - 144A | 2,025 | 2,136 | ||||||
Airlines - 0.5% | ||||||||
American Airlines, Inc. | ||||||||
7.50%, 03/15/2016 - 144A | 3,485 | 3,415 | ||||||
United Air Lines, Inc. | ||||||||
9.88%, 08/01/2013 - 144A | 211 | 222 | ||||||
Auto Components - 1.6% | ||||||||
Accuride Corp. | ||||||||
9.50%, 08/01/2018 | 1,085 | 1,161 | ||||||
Affinia Group, Inc. | ||||||||
10.75%, 08/15/2016 - 144A | 1,062 | 1,184 | ||||||
Allison Transmission, Inc. | ||||||||
7.13%, 05/15/2019 - 144A | 1,695 | 1,648 | ||||||
American Axle & Manufacturing Holdings, Inc. | ||||||||
9.25%, 01/15/2017 - 144A | 1,917 | 2,090 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
10.50%, 05/15/2016 | 520 | 585 | ||||||
Lear Corp. | ||||||||
7.88%, 03/15/2018 | 450 | 484 | ||||||
Pittsburgh Glass Works LLC | ||||||||
8.50%, 04/15/2016 - 144A | 770 | 791 | ||||||
Tower Automotive Holdings USA LLC | ||||||||
10.63%, 09/01/2017 - 144A | 2,212 | 2,383 | ||||||
UCI International, Inc. | ||||||||
8.63%, 02/15/2019 | 905 | 932 | ||||||
Visteon Corp. | ||||||||
6.75%, 04/15/2019 - 144A | 545 | 526 | ||||||
Automobiles - 0.2% | ||||||||
Ford Motor Co. | ||||||||
7.45%, 07/16/2031 | 1,395 | 1,581 | ||||||
Automotive Parts & Equipment - 0.0% ∞ | ||||||||
Meritor, Inc. | ||||||||
8.13%, 09/15/2015 | 20 | 21 | ||||||
Biotechnology - 0.2% | ||||||||
STHI Holding Corp. | ||||||||
8.00%, 03/15/2018 - 144A | 1,115 | 1,132 | ||||||
Talecris Biotherapeutics Holdings Corp. | ||||||||
7.75%, 11/15/2016 | 405 | 459 | ||||||
Building Products - 0.2% | ||||||||
Griffon Corp. | ||||||||
7.13%, 04/01/2018 - 144A | 1,635 | 1,641 | ||||||
Capital Markets - 0.1% | ||||||||
E*Trade Financial Corp. | ||||||||
12.50%, 11/30/2017 Ώ | 670 | 784 | ||||||
Chemicals - 3.1% | ||||||||
Celanese US Holdings LLC | ||||||||
5.88%, 06/15/2021 | 765 | 782 | ||||||
6.63%, 10/15/2018 | 655 | 691 | ||||||
CF Industries Holdings, Inc. | ||||||||
6.88%, 05/01/2018 | 2,180 | 2,472 | ||||||
7.13%, 05/01/2020 | 1,625 | 1,891 | ||||||
Chemtura Corp. | ||||||||
7.88%, 09/01/2018 | 1,520 | 1,592 | ||||||
Hexion U.S. Finance Corp. | ||||||||
9.00%, 11/15/2020 | 775 | 794 | ||||||
Ineos Group Holdings, PLC. | ||||||||
8.50%, 02/15/2016 - 144A | 2,520 | 2,489 | ||||||
Kraton Polymers LLC | ||||||||
6.75%, 03/01/2019 | 550 | 550 | ||||||
Lyondell Chemical Co. | ||||||||
8.00%, 11/01/2017 - 144A | 1,211 | 1,347 | ||||||
11.00%, 05/01/2018 | 2,140 | 2,397 | ||||||
Nova Chemicals Corp. | ||||||||
8.38%, 11/01/2016 | 1,390 | 1,529 | ||||||
PolyOne Corp. | ||||||||
7.38%, 09/15/2020 | 440 | 461 | ||||||
Rain CII Carbon LLC | ||||||||
8.00%, 12/01/2018 - 144A | 2,040 | 2,173 | ||||||
11.13%, 11/15/2015 - 144A | 1,705 | 1,741 | ||||||
Scotts Miracle-Gro Co. | ||||||||
7.25%, 01/15/2018 | 460 | 489 | ||||||
Solutia, Inc. | ||||||||
8.75%, 11/01/2017 | 1,225 | 1,329 | ||||||
Vertellus Specialties, Inc. | ||||||||
9.38%, 10/01/2015 - 144A | 890 | 921 | ||||||
Commercial Banks - 0.6% | ||||||||
CIT Group, Inc. | ||||||||
5.25%, 04/01/2014 - 144A | 2,080 | 2,070 | ||||||
7.00%, 05/01/2017 | 2,700 | 2,693 | ||||||
Commercial Services & Supplies - 2.1% | ||||||||
ACCO Brands Corp. | ||||||||
10.63%, 03/15/2015 | 1,490 | 1,664 | ||||||
Aramark Holdings Corp. | ||||||||
8.63%, 05/01/2016 - 144A Ώ | 1,035 | 1,053 | ||||||
Casella Waste Systems, Inc. | ||||||||
7.75%, 02/15/2019 - 144A | 1,255 | 1,258 | ||||||
11.00%, 07/15/2014 | 475 | 528 | ||||||
CDRT Merger Sub, Inc. | ||||||||
8.13%, 06/01/2019 - 144A | 2,910 | 2,910 | ||||||
Clean Harbors, Inc. | ||||||||
7.63%, 08/15/2016 - 144A | 815 | 864 | ||||||
Interface, Inc. | ||||||||
7.63%, 12/01/2018 | 730 | 759 | ||||||
International Lease Finance Corp. | ||||||||
8.75%, 03/15/2017 | 520 | 569 | ||||||
Koppers, Inc. | ||||||||
7.88%, 12/01/2019 | 550 | 587 | ||||||
RBS Global, Inc. | ||||||||
11.75%, 08/01/2016 | 870 | 920 | ||||||
TransUnion LLC | ||||||||
11.38%, 06/15/2018 | 3,035 | 3,430 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 29
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Commercial Services & Supplies (continued) | ||||||||
WP Rocket Merger Sub, Inc. | ||||||||
10.13%, 07/15/2019 - 144A | $ | 925 | $ | 934 | ||||
Communications Equipment - 0.4% | ||||||||
Brocade Communications Systems, Inc. | ||||||||
6.63%, 01/15/2018 | 565 | 596 | ||||||
6.88%, 01/15/2020 | 565 | 609 | ||||||
CommScope, Inc. | ||||||||
8.25%, 01/15/2019 - 144A | 2,005 | 2,065 | ||||||
Computers & Peripherals - 0.4% | ||||||||
Seagate HDD Cayman | ||||||||
7.00%, 11/01/2021 - 144A | 2,720 | 2,720 | ||||||
Construction & Engineering - 0.4% | ||||||||
Huntington Ingalls Industries, Inc. | ||||||||
6.88%, 03/15/2018 - 144A | 110 | 113 | ||||||
7.13%, 03/15/2021 - 144A | 1,530 | 1,584 | ||||||
Tutor Perini Corp. | ||||||||
7.63%, 11/01/2018 | 1,545 | 1,483 | ||||||
Construction Materials - 0.3% | ||||||||
Building Materials Corp., of America | ||||||||
6.75%, 05/01/2021 - 144A | 2,185 | 2,196 | ||||||
RathGibson, Inc. | ||||||||
11.25%, 02/15/2014 Џ Ə ‡ | 2,145 | ♦ | ||||||
Consumer Finance - 1.7% | ||||||||
Ally Financial, Inc. | ||||||||
7.00%, 02/01/2012 | 1,300 | 1,325 | ||||||
8.00%, 12/31/2018 - 11/01/2031 | 5,990 | 6,451 | ||||||
8.30%, 02/12/2015 | 4,655 | 5,202 | ||||||
Containers & Packaging - 0.2% | ||||||||
BWAY Holding Co. | ||||||||
10.00%, 06/15/2018 | 455 | 497 | ||||||
Intertape Polymer U.S., Inc. | ||||||||
8.50%, 08/01/2014 | 1,055 | 994 | ||||||
Diversified Consumer Services - 3.3% | ||||||||
Education Management LLC | ||||||||
8.75%, 06/01/2014 | 2,830 | 2,897 | ||||||
Express LLC | ||||||||
8.75%, 03/01/2018 | 4,645 | 5,017 | ||||||
Laureate Education, Inc. | ||||||||
10.00%, 08/15/2015 - 144A | 5,805 | 6,066 | ||||||
10.25%, 08/15/2015 - 144A Ώ | 7,597 | 7,738 | ||||||
11.75%, 08/15/2017 - 144A | 2,690 | 2,935 | ||||||
Stewart Enterprises, Inc. | ||||||||
6.50%, 04/15/2019 - 144A | 440 | 439 | ||||||
Diversified Financial Services - 7.7% | ||||||||
Abengoa Finance SAU | ||||||||
8.88%, 11/01/2017 - 144A | 1,255 | 1,282 | ||||||
Ardagh Packaging Finance PLC | ||||||||
7.38%, 10/15/2017 - 144A | 385 | 397 | ||||||
Buffalo Thunder Development Authority | ||||||||
9.38%, 12/15/2014 - 144A Џ ‡ | 3,095 | 1,223 | ||||||
CCM Merger, Inc. | ||||||||
8.00%, 08/01/2013 - 144A | 730 | 717 | ||||||
Ceva Group PLC | ||||||||
8.38%, 12/01/2017 - 144A | 3,450 | 3,488 | ||||||
11.50%, 04/01/2018 - 144A | 2,605 | 2,742 | ||||||
11.63%, 10/01/2016 - 144A | 1,715 | 1,865 | ||||||
Chukchansi Economic Development Authority | ||||||||
3.92%, 11/15/2012 - 144A * § | 510 | 416 | ||||||
CIT Group, Inc. | ||||||||
7.00%, 05/01/2014 - 05/01/2015 | 1,756 | 1,765 | ||||||
Ford Motor Credit Co., LLC | ||||||||
5.75%, 02/01/2021 | 1,945 | 1,943 | ||||||
8.00%, 12/15/2016 | 3,595 | 4,042 | ||||||
8.13%, 01/15/2020 | 2,175 | 2,520 | ||||||
12.00%, 05/15/2015 | 1,150 | 1,426 | ||||||
General Motors Financial Co., Inc. | ||||||||
6.75%, 06/01/2018 - 144A | 1,075 | 1,078 | ||||||
Ineos Finance PLC | ||||||||
9.00%, 05/15/2015 - 144A | 2,000 | 2,100 | ||||||
International Lease Finance Corp. | ||||||||
6.25%, 05/15/2019 | 1,630 | 1,593 | ||||||
8.25%, 12/15/2020 | 1,115 | 1,204 | ||||||
MCE Finance, Ltd. | ||||||||
10.25%, 05/15/2018 | 1,725 | 1,921 | ||||||
Nielsen Finance LLC | ||||||||
11.50%, 05/01/2016 | 1,138 | 1,331 | ||||||
11.63%, 02/01/2014 | 1,189 | 1,388 | ||||||
Petroplus Finance, Ltd. | ||||||||
6.75%, 05/01/2014 - 144A | 255 | 250 | ||||||
7.00%, 05/01/2017 - 144A | 1,645 | 1,546 | ||||||
9.38%, 09/15/2019 - 144A | 1,760 | 1,769 | ||||||
Pinnacle Foods Finance LLC | ||||||||
10.63%, 04/01/2017 | 340 | 363 | ||||||
Reynolds Group Issuer, Inc. | ||||||||
6.88%, 02/15/2021 - 144A | 3,150 | 3,071 | ||||||
7.13%, 04/15/2019 - 144A | 1,105 | 1,097 | ||||||
8.75%, 05/15/2018 - 144A | 2,125 | 2,088 | ||||||
9.00%, 04/15/2019 - 144A | 1,935 | 1,911 | ||||||
Tomkins LLC | ||||||||
9.00%, 10/01/2018 - 144A | 4,605 | 4,961 | ||||||
Universal City Development Partners, Ltd. | ||||||||
8.88%, 11/15/2015 | 2,665 | 2,965 | ||||||
10.88%, 11/15/2016 | 2,810 | 3,343 | ||||||
Diversified Telecommunication Services - 8.2% | ||||||||
Avaya, Inc. | ||||||||
7.00%, 04/01/2019 - 144A | 1,465 | 1,417 | ||||||
9.75%, 11/01/2015 | 2,685 | 2,739 | ||||||
10.13%, 11/01/2015 Ώ | 4,687 | 4,816 | ||||||
CenturyLink, Inc. | ||||||||
6.45%, 06/15/2021 | 4,320 | 4,271 | ||||||
EH Holding Corp. | ||||||||
6.50%, 06/15/2019 - 144A | 2,725 | 2,773 | ||||||
GCI, Inc. | ||||||||
6.75%, 06/01/2021 - 144A | 550 | 550 | ||||||
Intelsat Jackson Holdings SA | ||||||||
9.50%, 06/15/2016 | 3,616 | 3,792 | ||||||
11.25%, 06/15/2016 | 5,550 | 5,883 | ||||||
Intelsat Luxembourg SA | ||||||||
11.50%, 02/04/2017 Ώ | 2,315 | 2,489 | ||||||
11.50%, 02/04/2017 - 144A Ώ | 2,215 | 2,381 | ||||||
Intelsat SA | ||||||||
6.50%, 11/01/2013 | 550 | 580 | ||||||
Sprint Capital Corp. | ||||||||
6.90%, 05/01/2019 | 4,165 | 4,290 | ||||||
Telesat Canada | ||||||||
11.00%, 11/01/2015 | 6,620 | 7,240 | ||||||
12.50%, 11/01/2017 | 3,065 | 3,678 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 30
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Diversified Telecommunication Services (continued) | ||||||||
Virgin Media Finance PLC | ||||||||
8.38%, 10/15/2019 | $ | 250 | $ | 279 | ||||
9.13%, 08/15/2016 | 3,030 | 3,189 | ||||||
Wind Acquisition Finance SA | ||||||||
11.75%, 07/15/2017 - 144A | 1,545 | 1,750 | ||||||
Wind Acquisition Holdings Finance SA | ||||||||
12.25%, 07/15/2017 - 144A Ώ | 4,451 | 5,193 | ||||||
Windstream Corp. | ||||||||
7.75%, 10/01/2021 | 1,955 | 2,043 | ||||||
7.88%, 11/01/2017 | 1,090 | 1,157 | ||||||
8.13%, 09/01/2018 | 1,190 | 1,261 | ||||||
Electric Utilities - 1.0% | ||||||||
Calpine Construction Finance Co., LP | ||||||||
8.00%, 06/01/2016 - 144A | 1,520 | 1,642 | ||||||
Dynegy Holdings, Inc. | ||||||||
7.63%, 10/15/2026 | 1,550 | 1,046 | ||||||
7.75%, 06/01/2019 | 670 | 487 | ||||||
Texas Competitive Electric Holdings Co. LLC | ||||||||
11.50%, 10/01/2020 - 144A | 4,040 | 3,970 | ||||||
Electrical Equipment - 0.1% | ||||||||
Polypore International, Inc. | ||||||||
7.50%, 11/15/2017 | 555 | 587 | ||||||
Energy Equipment & Services - 0.5% | ||||||||
Oil States International, Inc. | ||||||||
6.50%, 06/01/2019 - 144A | 1,610 | 1,618 | ||||||
Precision Drilling Corp. | ||||||||
6.63%, 11/15/2020 | 1,580 | 1,600 | ||||||
Unit Corp. | ||||||||
6.63%, 05/15/2021 | 330 | 330 | ||||||
Food Products - 1.6% | ||||||||
American Seafoods Group LLC | ||||||||
10.75%, 05/15/2016 - 144A | 3,315 | 3,497 | ||||||
ASG Consolidated LLC | ||||||||
15.00%, 05/15/2017 - 144A Ώ § | 1,466 | 1,519 | ||||||
Del Monte Foods Co. | ||||||||
7.63%, 02/15/2019 - 144A | 3,815 | 3,853 | ||||||
Michael Foods, Inc. | ||||||||
9.75%, 07/15/2018 - 144A | 2,210 | 2,365 | ||||||
Smithfield Foods, Inc. | ||||||||
10.00%, 07/15/2014 | 955 | 1,108 | ||||||
Health Care Equipment & Supplies - 2.5% | ||||||||
Accellent, Inc. | ||||||||
8.38%, 02/01/2017 | 2,370 | 2,450 | ||||||
Alere, Inc. | ||||||||
7.88%, 02/01/2016 | 1,395 | 1,444 | ||||||
American Renal Holdings Co., Inc. | ||||||||
8.38%, 05/15/2018 | 435 | 443 | ||||||
Biomet, Inc. | ||||||||
10.00%, 10/15/2017 | 200 | 218 | ||||||
10.38%, 10/15/2017 Ώ | 2,050 | 2,260 | ||||||
11.63%, 10/15/2017 | 7,445 | 8,245 | ||||||
DJO Finance LLC | ||||||||
10.88%, 11/15/2014 | 3,075 | 3,275 | ||||||
Teleflex, Inc. | ||||||||
6.88%, 06/01/2019 | 435 | 440 | ||||||
Health Care Providers & Services - 1.2% | ||||||||
GCB US Oncology, Inc. (Escrow Shares) | ||||||||
08/15/2017 | 1,110 | 19 | ||||||
HCA, Inc. | ||||||||
9.25%, 11/15/2016 | 1,565 | 1,661 | ||||||
9.88%, 02/15/2017 | 372 | 414 | ||||||
inVentiv Health, Inc. | ||||||||
10.00%, 08/15/2018 - 144A | 765 | 750 | ||||||
Multiplan, Inc. | ||||||||
9.88%, 09/01/2018 - 144A | 2,280 | 2,423 | ||||||
Res-Care, Inc. | ||||||||
10.75%, 01/15/2019 | 1,975 | 2,064 | ||||||
Rotech Healthcare, Inc. | ||||||||
10.50%, 03/15/2018 - 144A | 1,530 | 1,476 | ||||||
Hotels, Restaurants & Leisure - 7.7% | ||||||||
Caesars Entertainment Operating Co., Inc. | ||||||||
5.38%, 12/15/2013 | 900 | 851 | ||||||
5.63%, 06/01/2015 | 6,260 | 5,054 | ||||||
10.00%, 12/15/2015 - 12/15/2018 | 1,910 | 1,876 | ||||||
11.25%, 06/01/2017 | 3,240 | 3,575 | ||||||
12.75%, 04/15/2018 | 4,155 | 4,144 | ||||||
Cinemark USA, Inc. | ||||||||
7.38%, 06/15/2021 - 144A | 540 | 537 | ||||||
Dunkin’ Brands, Inc. | ||||||||
9.63%, 12/01/2018 - 144A | 3,381 | 3,410 | ||||||
Fontainebleau Las Vegas Holdings LLC | ||||||||
10.25%, 06/15/2015 - 144A Џ ‡ | 5,645 | 3 | ||||||
Greektown Holdings LLC (Escrow Shares) | ||||||||
10.75%, 12/01/2013 - 144A Ə § | 1,495 | w | ||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
1.25%, 11/30/2020 - 144A Ώ § | 1,295 | 784 | ||||||
8.75%, 11/30/2020 - 144A § | 566 | 555 | ||||||
Majestic Holdco LLC | ||||||||
12.50%, 10/15/2011 - 144A Џ ‡ | 890 | w | ||||||
Mandalay Resort Group | ||||||||
6.38%, 12/15/2011 | 1,425 | 1,437 | ||||||
7.63%, 07/15/2013 | 690 | 683 | ||||||
MGM Resorts International | ||||||||
6.75%, 09/01/2012 - 04/01/2013 | 3,000 | 3,009 | ||||||
9.00%, 03/15/2020 | 555 | 608 | ||||||
10.38%, 05/15/2014 | 1,175 | 1,334 | ||||||
11.13%, 11/15/2017 | 1,215 | 1,388 | ||||||
Mohegan Tribal Gaming Authority | ||||||||
6.88%, 02/15/2015 | 2,340 | 1,568 | ||||||
7.13%, 08/15/2014 | 2,225 | 1,535 | ||||||
8.00%, 04/01/2012 | 2,050 | 1,661 | ||||||
11.50%, 11/01/2017 - 144A | 1,385 | 1,427 | ||||||
NCL Corp., Ltd. | ||||||||
9.50%, 11/15/2018 - 144A | 660 | 703 | ||||||
11.75%, 11/15/2016 | 2,135 | 2,461 | ||||||
NPC International, Inc. | ||||||||
9.50%, 05/01/2014 | 2,740 | 2,781 | ||||||
Peninsula Gaming LLC | ||||||||
8.38%, 08/15/2015 | 335 | 352 | ||||||
8.38%, 08/15/2015 - 144A | 655 | 688 | ||||||
10.75%, 08/15/2017 | 1,635 | 1,786 | ||||||
10.75%, 08/15/2017 - 144A | 765 | 836 | ||||||
Royal Caribbean Cruises, Ltd. | ||||||||
6.88%, 12/01/2013 | 365 | 390 | ||||||
7.25%, 06/15/2016 - 03/15/2018 | 970 | 1,039 | ||||||
Seven Seas Cruises S de RL LLC | ||||||||
9.13%, 05/15/2019 - 144A | 765 | 788 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 31
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
Sugarhouse HSP Gaming Prop Mezz, LP | ||||||||
8.63%, 04/15/2016 - 144A | $ | 595 | $ | 613 | ||||
Tunica-Biloxi Gaming Authority | ||||||||
9.00%, 11/15/2015 - 144A § | 2,435 | 2,490 | ||||||
Vail Resorts, Inc. | ||||||||
6.50%, 05/01/2019 - 144A | 555 | 558 | ||||||
Waterford Gaming LLC | ||||||||
8.63%, 09/15/2014 - 144A Ə § | 2,542 | 1,635 | ||||||
WMG Acquisition Corp. | ||||||||
9.50%, 06/15/2016 | 2,865 | 3,022 | ||||||
Wynn Las Vegas LLC | ||||||||
7.75%, 08/15/2020 | 2,170 | 2,357 | ||||||
Household Durables - 0.6% | ||||||||
Libbey Glass, Inc. | ||||||||
10.00%, 02/15/2015 | 1,566 | 1,699 | ||||||
Sealy Mattress Co. | ||||||||
10.88%, 04/15/2016 - 144A | 2,480 | 2,753 | ||||||
Household Products - 1.1% | ||||||||
Amscan Holdings, Inc. | ||||||||
8.75%, 05/01/2014 | 5,060 | 5,136 | ||||||
Spectrum Brands Holdings, Inc. | ||||||||
12.00%, 08/28/2019 Ώ | 2,510 | 2,774 | ||||||
Independent Power Producers & Energy Traders - 2.7% | ||||||||
AES Corp. | ||||||||
7.38%, 07/01/2021 - 144A | 1,075 | 1,091 | ||||||
Calpine Corp. | ||||||||
7.50%, 02/15/2021 - 144A | 5,090 | 5,192 | ||||||
Edison Mission Energy | ||||||||
7.50%, 06/15/2013 | 1,655 | 1,665 | ||||||
GenOn Energy, Inc. | ||||||||
7.88%, 06/15/2017 | 3,235 | 3,251 | ||||||
9.88%, 10/15/2020 | 4,560 | 4,765 | ||||||
NRG Energy, Inc. | ||||||||
7.88%, 05/15/2021 - 144A | 1,665 | 1,661 | ||||||
8.25%, 09/01/2020 | 2,960 | 3,019 | ||||||
Industrial Conglomerates - 0.3% | ||||||||
Amsted Industries, Inc. | ||||||||
8.13%, 03/15/2018 - 144A | 2,360 | 2,478 | ||||||
Insurance - 0.5% | ||||||||
Alliant Holdings I, Inc. | ||||||||
11.00%, 05/01/2015 - 144A | 1,480 | 1,565 | ||||||
Hub International Holdings, Inc. | ||||||||
9.00%, 12/15/2014 - 144A | 1,340 | 1,367 | ||||||
USI Holdings Corp. | ||||||||
4.14%, 11/15/2014 - 144A * | 640 | 595 | ||||||
Internet & Catalog Retail - 0.7% | ||||||||
Checkout Holding Corp. | ||||||||
Zero Coupon, 11/15/2015 - 144A | 3,230 | 2,071 | ||||||
Ticketmaster Entertainment, Inc. | ||||||||
10.75%, 08/01/2016 | 2,585 | 2,818 | ||||||
IT Services - 0.8% | ||||||||
SunGard Data Systems, Inc. | ||||||||
10.63%, 05/15/2015 | 5,750 | 6,224 | ||||||
Life Sciences Tools & Services - 0.4% | ||||||||
Bio-Rad Laboratories, Inc. | ||||||||
8.00%, 09/15/2016 | 2,155 | 2,392 | ||||||
Patheon, Inc. | ||||||||
8.63%, 04/15/2017 - 144A | 880 | 891 | ||||||
Machinery - 1.7% | ||||||||
American Railcar Industries, Inc. | ||||||||
7.50%, 03/01/2014 | 1,000 | 1,023 | ||||||
Chart Industries, Inc. | ||||||||
9.13%, 10/15/2015 | 850 | 884 | ||||||
Commercial Vehicle Group, Inc. | ||||||||
7.88%, 04/15/2019 - 144A | 870 | 870 | ||||||
Manitowoc Co., Inc. | ||||||||
8.50%, 11/01/2020 | 1,425 | 1,521 | ||||||
9.50%, 02/15/2018 | 615 | 668 | ||||||
Meritor, Inc. | ||||||||
10.63%, 03/15/2018 | 990 | 1,111 | ||||||
Navistar International Corp. | ||||||||
8.25%, 11/01/2021 | 3,025 | 3,237 | ||||||
Terex Corp. | ||||||||
10.88%, 06/01/2016 | 2,820 | 3,249 | ||||||
Marine - 0.3% | ||||||||
CMA CGM SA | ||||||||
8.50%, 04/15/2017 - 144A | 2,475 | 2,079 | ||||||
Media - 5.6% | ||||||||
Adelphia Communications Corp. (Escrow Certificates) | ||||||||
9.25%, 10/01/2049 | 1,305 | 1 | ||||||
10.25%, 06/15/2049 - 11/01/2049 | 1,460 | 1 | ||||||
AMC Entertainment, Inc. | ||||||||
8.75%, 06/01/2019 | 535 | 564 | ||||||
AMC Networks, Inc. | ||||||||
7.75%, 07/15/2021 - 144A | 890 | 930 | ||||||
Bresnan Broadband Holdings LLC | ||||||||
8.00%, 12/15/2018 - 144A | 345 | 356 | ||||||
Cablevision Systems Corp. | ||||||||
7.75%, 04/15/2018 | 805 | 858 | ||||||
8.63%, 09/15/2017 | 550 | 596 | ||||||
Catalina Marketing Corp. | ||||||||
10.50%, 10/01/2015 - 144A Ώ | 2,384 | 2,524 | ||||||
11.63%, 10/01/2017 - 144A § | 2,828 | 3,079 | ||||||
CCO Holdings LLC | ||||||||
7.00%, 01/15/2019 | 1,140 | 1,174 | ||||||
7.25%, 10/30/2017 | 1,010 | 1,047 | ||||||
7.88%, 04/30/2018 | 555 | 585 | ||||||
8.13%, 04/30/2020 | 100 | 108 | ||||||
Citadel Broadcasting Corp. | ||||||||
7.75%, 12/15/2018 - 144A | 1,295 | 1,376 | ||||||
Clear Channel Worldwide Holdings, Inc. — Series B | ||||||||
9.25%, 12/15/2017 | 1,270 | 1,384 | ||||||
Crown Media Holdings, Inc. | ||||||||
10.50%, 07/15/2019 - 144A | 770 | 795 | ||||||
Cumulus Media, Inc. | ||||||||
7.75%, 05/01/2019 - 144A | 1,090 | 1,052 | ||||||
DISH DBS Corp. | ||||||||
6.75%, 06/01/2021 - 144A | 2,630 | 2,696 | ||||||
LBI Media Holdings, Inc. | ||||||||
11.00%, 10/15/2013 | 360 | 347 | ||||||
LBI Media, Inc. | ||||||||
9.25%, 04/15/2019 - 144A | 1,490 | 1,475 | ||||||
Live Nation Entertainment, Inc. | ||||||||
8.13%, 05/15/2018 - 144A | 1,065 | 1,076 | ||||||
MDC Partners, Inc. | ||||||||
11.00%, 11/01/2016 | 2,960 | 3,320 | ||||||
MediaCom Broadband LLC | ||||||||
8.50%, 10/15/2015 | 2,615 | 2,680 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 32
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Media (continued) | ||||||||
MediaCom LLC | ||||||||
9.13%, 08/15/2019 | $ | 935 | $ | 986 | ||||
MediMedia USA, Inc. | ||||||||
11.38%, 11/15/2014 - 144A § | 1,365 | 1,174 | ||||||
NAI Entertainment Holdings LLC | ||||||||
8.25%, 12/15/2017 - 144A | 690 | 740 | ||||||
National CineMedia LLC | ||||||||
7.88%, 07/15/2021 - 144A | 3,010 | 3,059 | ||||||
Regal Cinemas Corp. | ||||||||
8.63%, 07/15/2019 | 1,000 | 1,050 | ||||||
Regal Entertainment Group | ||||||||
9.13%, 08/15/2018 | 1,670 | 1,728 | ||||||
Sirius XM Radio, Inc. | ||||||||
8.75%, 04/01/2015 - 144A | 1,390 | 1,532 | ||||||
Sitel LLC | ||||||||
11.50%, 04/01/2018 | 680 | 622 | ||||||
XM Satellite Radio, Inc. | ||||||||
13.00%, 08/01/2013 - 144A | 2,715 | 3,183 | ||||||
Metals & Mining - 2.0% | ||||||||
FMG Resources Property, Ltd. | ||||||||
7.00%, 11/01/2015 - 144A | 5,540 | 5,651 | ||||||
JMC Steel Group | ||||||||
8.25%, 03/15/2018 - 144A | 1,110 | 1,127 | ||||||
Novelis, Inc. | ||||||||
8.38%, 12/15/2017 | 2,205 | 2,354 | ||||||
8.75%, 12/15/2020 | 2,205 | 2,381 | ||||||
Quadra FNX Mining, Ltd. | ||||||||
7.75%, 06/15/2019 - 144A | 2,810 | 2,838 | ||||||
U.S. Steel Corp. | ||||||||
7.38%, 04/01/2020 | 560 | 575 | ||||||
Oil, Gas & Consumable Fuels - 9.3% | ||||||||
Alpha Natural Resources, Inc. | ||||||||
6.00%, 06/01/2019 | 2,175 | 2,170 | ||||||
6.25%, 06/01/2021 | 1,645 | 1,653 | ||||||
Anadarko Petroleum Corp. | ||||||||
6.38%, 09/15/2017 | 2,715 | 3,112 | ||||||
Arch Coal, Inc. | ||||||||
7.00%, 06/15/2019 - 144A | 2,160 | 2,155 | ||||||
7.25%, 10/01/2020 | 755 | 768 | ||||||
7.25%, 06/15/2021 - 144A | 2,160 | 2,163 | ||||||
8.75%, 08/01/2016 | 655 | 711 | ||||||
ATP Oil & Gas Corp. | ||||||||
11.88%, 05/01/2015 | 3,130 | 3,177 | ||||||
Basic Energy Services, Inc. | ||||||||
7.75%, 02/15/2019 - 144A | 545 | 548 | ||||||
Berry Petroleum Co. | ||||||||
10.25%, 06/01/2014 | 1,695 | 1,937 | ||||||
Bill Barrett Corp. | ||||||||
9.88%, 07/15/2016 | 340 | 381 | ||||||
Calfrac Holdings, LP | ||||||||
7.50%, 12/01/2020 - 144A | 690 | 697 | ||||||
Carrizo Oil & Gas, Inc. | ||||||||
8.63%, 10/15/2018 | 3,480 | 3,584 | ||||||
Cloud Peak Energy Resources LLC | ||||||||
8.50%, 12/15/2019 | 2,735 | 2,957 | ||||||
Coffeyville Resources LLC | ||||||||
9.00%, 04/01/2015 - 144A | 1,872 | 2,031 | ||||||
Concho Resources, Inc. | ||||||||
6.50%, 01/15/2022 | 1,070 | 1,073 | ||||||
7.00%, 01/15/2021 | 1,325 | 1,371 | ||||||
Consol Energy, Inc. | ||||||||
8.00%, 04/01/2017 | 1,335 | 1,455 | ||||||
8.25%, 04/01/2020 | 1,120 | 1,221 | ||||||
Continental Resources, Inc. | ||||||||
7.13%, 04/01/2021 | 545 | 575 | ||||||
7.38%, 10/01/2020 | 230 | 244 | ||||||
Denbury Resources, Inc. | ||||||||
8.25%, 02/15/2020 | 1,360 | 1,482 | ||||||
9.75%, 03/01/2016 | 3,875 | 4,329 | ||||||
EXCO Resources, Inc. | ||||||||
7.50%, 09/15/2018 | 205 | 199 | ||||||
Frac Tech Services LLC | ||||||||
7.13%, 11/15/2018 - 144A | 1,325 | 1,345 | ||||||
Frontier Oil Corp. | ||||||||
6.88%, 11/15/2018 | 445 | 469 | ||||||
GMX Resources, Inc. | ||||||||
11.38%, 02/15/2019 - 144A | 1,315 | 1,223 | ||||||
Harvest Operations Corp. | ||||||||
6.88%, 10/01/2017 - 144A | 645 | 666 | ||||||
Holly Corp. | ||||||||
9.88%, 06/15/2017 | 1,510 | 1,684 | ||||||
Murray Energy Corp. | ||||||||
10.25%, 10/15/2015 - 144A | 3,075 | 3,229 | ||||||
OGX Petroleo e Gas Participacoes SA | ||||||||
8.50%, 06/01/2018 - 144A | 3,345 | 3,440 | ||||||
Petroleum Development Corp. | ||||||||
12.00%, 02/15/2018 | 1,170 | 1,299 | ||||||
Quicksilver Resources, Inc. | ||||||||
11.75%, 01/01/2016 | 3,590 | 4,111 | ||||||
Range Resources Corp. | ||||||||
6.75%, 08/01/2020 | 1,320 | 1,366 | ||||||
Rosetta Resources, Inc. | ||||||||
9.50%, 04/15/2018 | 825 | 914 | ||||||
SandRidge Energy, Inc. | ||||||||
7.50%, 03/15/2021 - 144A | 750 | 759 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 Ə | 2,985 | ♦ | ||||||
SESI LLC | ||||||||
6.38%, 05/01/2019 - 144A | 2,745 | 2,718 | ||||||
6.88%, 06/01/2014 | 290 | 294 | ||||||
SM Energy Co. | ||||||||
6.63%, 02/15/2019 - 144A | 555 | 556 | ||||||
Venoco, Inc. | ||||||||
8.88%, 02/15/2019 - 144A | 2,995 | 2,995 | ||||||
11.50%, 10/01/2017 | 430 | 467 | ||||||
W&T Offshore, Inc. | ||||||||
8.50%, 06/15/2019 - 144A | 2,165 | 2,192 | ||||||
Paper & Forest Products - 2.4% | ||||||||
Boise Paper Holdings LLC | ||||||||
8.00%, 04/01/2020 | 445 | 467 | ||||||
9.00%, 11/01/2017 | 1,835 | 1,996 | ||||||
Domtar Corp. | ||||||||
10.75%, 06/01/2017 | 1,540 | 2,004 | ||||||
Longview Fibre Paper & Packaging, Inc. | ||||||||
8.00%, 06/01/2016 - 144A | 1,095 | 1,100 | ||||||
NewPage Corp. | ||||||||
11.38%, 12/31/2014 | 2,290 | 2,135 | ||||||
Sappi Papier Holding GmbH | ||||||||
6.63%, 04/15/2021 - 144A | 2,995 | 2,913 | ||||||
Verso Paper Holdings LLC | ||||||||
8.75%, 02/01/2019 - 144A | 1,655 | 1,473 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 33
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Paper & Forest Products (continued) | ||||||||
Verso Paper Holdings LLC — Series B | ||||||||
4.02%, 08/01/2014 * | $ | 425 | $ | 392 | ||||
11.38%, 08/01/2016 | 5,650 | 5,241 | ||||||
Personal Products - 0.3% | ||||||||
Revlon Consumer Products Corp. | ||||||||
9.75%, 11/15/2015 | 2,150 | 2,311 | ||||||
Pharmaceuticals - 1.3% | ||||||||
ConvaTec Healthcare E SA | ||||||||
10.50%, 12/15/2018 - 144A | 4,905 | 5,077 | ||||||
Endo Pharmaceuticals Holdings, Inc. | ||||||||
7.00%, 07/15/2019 - 12/15/2020 - 144A | 2,030 | 2,083 | ||||||
7.25%, 01/15/2022 - 144A | 450 | 457 | ||||||
Warner Chilcott Co. LLC | ||||||||
7.75%, 09/15/2018 - 144A | 1,770 | 1,785 | ||||||
Real Estate Management & Development - 1.0% | ||||||||
CB Richard Ellis Services, Inc. | ||||||||
6.63%, 10/15/2020 | 2,150 | 2,209 | ||||||
11.63%, 06/15/2017 | 4,465 | 5,174 | ||||||
Road & Rail - 1.1% | ||||||||
Avis Budget Car Rental LLC | ||||||||
9.63%, 03/15/2018 | 1,470 | 1,569 | ||||||
Hertz Corp. | ||||||||
7.50%, 10/15/2018 - 144A | 735 | 757 | ||||||
8.88%, 01/01/2014 | 55 | 56 | ||||||
Kansas City Southern de Mexico SA de CV | ||||||||
6.13%, 06/15/2021 - 144A | 1,910 | 1,910 | ||||||
RSC Equipment Rental, Inc. | ||||||||
10.00%, 07/15/2017 - 144A | 2,645 | 2,950 | ||||||
10.25%, 11/15/2019 | 1,075 | 1,177 | ||||||
Semiconductors & Semiconductor Equipment - 0.6% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
7.75%, 08/01/2020 | 2,570 | 2,647 | ||||||
8.13%, 12/15/2017 | 840 | 878 | ||||||
Sensata Technologies BV | ||||||||
6.50%, 05/15/2019 - 144A | 1,160 | 1,157 | ||||||
Software - 0.4% | ||||||||
SSI Investments II | ||||||||
11.13%, 06/01/2018 | 2,475 | 2,735 | ||||||
Specialty Retail - 3.2% | ||||||||
Ltd Brands, Inc. | ||||||||
6.63%, 04/01/2021 | 4,135 | 4,228 | ||||||
8.50%, 06/15/2019 | 2,650 | 3,021 | ||||||
Petco Animal Supplies, Inc. | ||||||||
9.25%, 12/01/2018 - 144A | 2,705 | 2,874 | ||||||
Sally Holdings LLC | ||||||||
10.50%, 11/15/2016 | 2,546 | 2,718 | ||||||
Toys “R” Us — Delaware, Inc. | ||||||||
7.38%, 09/01/2016 - 144A | 1,440 | 1,454 | ||||||
Toys “R” Us Property Co., I LLC | ||||||||
10.75%, 07/15/2017 | 8,415 | 9,362 | ||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
Oxford Industries, Inc. | ||||||||
11.38%, 07/15/2015 | 2,110 | 2,384 | ||||||
Perry Ellis International, Inc. | ||||||||
7.88%, 04/01/2019 | 1,490 | 1,538 | ||||||
Phillips-Van Heusen Corp. | ||||||||
7.75%, 11/15/2023 | 2,255 | 2,421 | ||||||
Polymer Group, Inc. | ||||||||
7.75%, 02/01/2019 - 144A | 1,265 | 1,268 | ||||||
Trading Companies & Distributors - 0.3% | ||||||||
United Rentals North America, Inc. | ||||||||
10.88%, 06/15/2016 | 1,760 | 1,969 | ||||||
Transportation Infrastructure - 0.3% | ||||||||
CHC Helicopter SA | ||||||||
9.25%, 10/15/2020 - 144A | 2,825 | 2,550 | ||||||
Wireless Telecommunication Services - 1.6% | ||||||||
Digicel, Ltd. | ||||||||
8.25%, 09/01/2017 - 144A | 2,705 | 2,806 | ||||||
12.00%, 04/01/2014 - 144A | 1,445 | 1,673 | ||||||
Nextel Communications, Inc. — Series E | ||||||||
6.88%, 10/31/2013 | 100 | 101 | ||||||
NII Capital Corp. | ||||||||
8.88%, 12/15/2019 | 2,685 | 2,963 | ||||||
10.00%, 08/15/2016 | 2,380 | 2,761 | ||||||
SBA Telecommunications, Inc. | ||||||||
8.00%, 08/15/2016 | 985 | 1,048 | ||||||
8.25%, 08/15/2019 | 660 | 706 | ||||||
Total Corporate Debt Securities (cost $628,160) | 648,089 | |||||||
CONVERTIBLE BONDS - 0.1% | ||||||||
Independent Power Producers & Energy Traders - 0.0% ∞ | ||||||||
Mirant Corp. (Escrow Certificates) | ||||||||
2.50%, 06/15/2021 ‡ Ə § ± | 1,220 | ♦ | ||||||
Life Sciences Tools & Services - 0.1% | ||||||||
Kendle International, Inc. | ||||||||
3.38%, 07/15/2012 | 1,050 | 1,050 | ||||||
Total Convertible Bonds (cost $1,013) | 1,050 | |||||||
LOAN ASSIGNMENTS - 6.5% | ||||||||
Automobiles - 0.2% | ||||||||
DaimlerChrysler Group LLC | ||||||||
6.00%, 05/24/2017 | 1,400 | 1,364 | ||||||
Building Products - 0.6% | ||||||||
Goodman Global Holdings, Inc., 1st Lien | ||||||||
5.75%, 10/28/2016 * | 1,181 | 1,183 | ||||||
Panolam Industries International, Inc., 1st Lien | ||||||||
8.25%, 12/31/2013 * | 2,458 | 2,360 | ||||||
Panolam Industries International, Inc., 2nd Lien | ||||||||
10.00%, 06/30/2014 * Ə | 886 | 824 | ||||||
Diversified Financial Services - 1.1% | ||||||||
CCM Merger, Inc. Tranche B | ||||||||
7.00%, 03/01/2017 * | 965 | 976 | ||||||
Ceva Group PLC Extended Letter of Credit | ||||||||
5.25%, 08/31/2016 * | 535 | 523 | ||||||
Ceva Group PLC Extended Tranche B | ||||||||
5.27%, 08/31/2016 * | 1,493 | 1,466 | ||||||
First Data, Tranche B2 | ||||||||
2.94%, 09/24/2014 * | 1,314 | 1,216 | ||||||
Tomkins LLC, Tranche B | ||||||||
4.25%, 09/29/2016 * | 3,730 | 3,727 | ||||||
Electric Utilities - 0.5% | ||||||||
Texas Competitive Electric Holding Co. | ||||||||
3.69%, 10/10/2014 | 4,791 | 4,001 | ||||||
Food Products - 0.4% | ||||||||
Del Monte Corp. | ||||||||
4.50%, 03/08/2018 * | 2,800 | 2,791 | ||||||
Hotels, Restaurants & Leisure - 0.7% | ||||||||
Cannery Casino Resorts LLC, 2nd Lien | ||||||||
4.44%, 05/16/2014 * | 860 | 798 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 34
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Principal | Value | |||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
Dunkin’ Brands, Inc., Tranche B | ||||||||
4.25%, 11/23/2017 * | $ | 786 | $ | 784 | ||||
Hit Entertainment, Inc., 2nd Lien | ||||||||
5.78%, 02/26/2013 * | 3,810 | 3,543 | ||||||
Household Products - 0.7% | ||||||||
Amscan Holdings, Inc., Tranche B | ||||||||
6.75%, 12/04/2017 * | 3,275 | 3,280 | ||||||
Spectrum Brands, Inc., Tranche B | ||||||||
5.00%, 06/17/2016 * | 2,028 | 2,038 | ||||||
Insurance - 0.2% | ||||||||
Asurion Corp., 2nd Lien | ||||||||
9.00%, 05/24/2019 | 1,800 | 1,807 | ||||||
Multiline Retail - 0.3% | ||||||||
Burlington Coat Factory Warehouse Corp., Tranche B | ||||||||
6.25%, 02/18/2017 * | 2,394 | 2,385 | ||||||
Personal Products - 0.6% | ||||||||
Revlon Consumer Products, Tranche B | ||||||||
4.75%, 11/17/2017 | 4,300 | 4,300 | ||||||
Pharmaceuticals - 0.3% | ||||||||
Aptalis Pharma, Inc., Tranche B | ||||||||
5.50%, 02/10/2017 * | 2,388 | 2,362 | ||||||
Specialty Retail - 0.9% | ||||||||
General Nutrition Centers, Inc., Tranche B | ||||||||
4.25%, 03/02/2018 * | 2,600 | 2,598 | ||||||
Neiman Marcus Group, Inc. | ||||||||
4.75%, 05/16/2018 * | 4,110 | 4,054 | ||||||
Total Loan Assignments (cost $48,076) | 48,380 | |||||||
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCKS - 0.3% | ||||||||
Oil, Gas & Consumable Fuels - 0.3% | ||||||||
Chesapeake Energy Corp. 4.50% | 18,815 | 1,726 | ||||||
Chesapeake Energy Corp. 5.00% | 2,304 | 228 | ||||||
Total Convertible Preferred Stocks (cost $2,091) | 1,954 | |||||||
PREFERRED STOCKS - 0.6% | ||||||||
Diversified Financial Services - 0.6% | ||||||||
Citigroup Capital XIII 7.88% * | 21,818 | 606 | ||||||
GMAC Capital Trust I 8.13% * | 151,570 | 3,880 | ||||||
Total Preferred Stocks (cost $4,356) | 4,486 | |||||||
COMMON STOCKS - 0.7% | ||||||||
Airlines - 0.0% ∞ | ||||||||
Delta Air Lines, Inc. ‡ | 13,451 | 123 | ||||||
Building Products - 0.2% | ||||||||
Panolam Holdings Co. ‡ Ə § ± | 1,803 | 1,736 | ||||||
Construction Materials - 0.5% | ||||||||
RathGibson, Inc. (Escrow Certificates) ‡ Ə § ± | 95,700 | 3,202 | ||||||
Hotels, Restaurants & Leisure - 0.0% ∞ | ||||||||
Greektown Superholdings,Inc. ‡ | 1,131 | 80 | ||||||
Shreveport Gaming Holdings, Inc. Ə | 889 | 12 | ||||||
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 | 198 | ||||||
Total Common Stocks (cost $4,306) | 5,351 | |||||||
INVESTMENT COMPANY - 0.0% ∞ | ||||||||
Diversified Financial Services - 0.0% ∞ | ||||||||
Adelphia Recovery Trust | 2,697,805 | $ | 27 | |||||
Total Investment Company (cost $2,641) | ||||||||
RIGHT - 0.0% ∞ | ||||||||
Hotels, Restaurants & Leisure - 0.0% ∞ | ||||||||
BLB Contingent Value Rights Preferred | ||||||||
Stock ‡ § ± | 2,010 | 16 | ||||||
Total Right (cost $2,010) | ||||||||
WARRANTS - 0.0% ∞ | ||||||||
Food Products - 0.0% ∞ | ||||||||
American Seafoods Group LLC ‡ § ± | ||||||||
Expiration: 05/15/2018 | ||||||||
Exercise Price: $0.01 | 1,265 | 126 | ||||||
Media - 0.0% ∞ | ||||||||
Reader’s Digest Association, Inc. ‡ Ə § ± | . | |||||||
Expiration: 02/19/2014 | ||||||||
Exercise Price: $47.35 | 13,112 | ♦ | ||||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 8,130 | 51 | ||||||
Total Warrants (cost $ ♦) | 177 | |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.6% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $34,245 on 07/01/2011. Collateralized by U.S. Government Agency Obligations, 4.00%, due 12/25/2038 - 05/15/2039, with a total value of $34,933. | $ | 34,245 | 34,245 | |||||
Total Repurchase Agreement (cost $34,245) | ||||||||
Total Investment Securities (cost $730,676) # | 743,813 | |||||||
Other Assets and Liabilities — Net | 6,035 | |||||||
Net Assets | $ | 749,848 | ||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 35
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
∞ | Percentage rounds to less than 0.1%. | |
Џ | In default. | |
w | Value is less than $1 or zero. | |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. | |
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
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 $7,447, or 1.00% of the fund’s net assets. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
§ | Illiquid. At 06/30/2011, illiquid investment securities aggregated to $16,732, or 2.23% of the portfolio’s net assets. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $730,676. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $39,814 and $26,677, respectively. Net unrealized appreciation for tax purposes is $13,137. | |
± | Restricted security. At 06/30/2011, the portfolio owned the following securities (representing 0.68% of net assets) which were restricted as to public resale. |
Description | Date of Acquisition | Principal | Cost | Value | Price* | |||||||||||||||
Mirant Corp. (Escrow Certificates) | 01/20/2006 | 1,220 | $ | w | $ | w | $ | ¥ |
Description | Date of Acquisition | Shares | Cost | Value | Price* | |||||||||||||||
Panolam Holdings Co. | 12/29/2009 | 1,803 | $ | 3,080 | $ | 1,736 | $ | 962.65 | ||||||||||||
RathGibson, Inc. (Escrow Certificates) | 06/14/2010 | 95,700 | 508 | 3,202 | 33.45 | |||||||||||||||
Mirant Corp. (Escrow Certificates) | 01/20/2006 | 550,000 | w | w | ¥ | |||||||||||||||
BLB Contingent Value Rights Preferred Stocks | 11/22/2010 | 2,010 | 2,010 | 16 | 8.00 | |||||||||||||||
American Seafoods Group LLC | 05/07/2010 | 1,265 | w | 126 | 100.00 | |||||||||||||||
Reader’s Digest Association, Inc. | 05/18/2010 | 13,112 | w | w | ¥ |
* | 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 06/30/2011, these securities aggregated $267,106, or 35.62%, of the fund’s net assets. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 401 | $ | — | $ | 4,950 | $ | 5,351 | ||||||||
Convertible Bonds | — | 1,050 | w | 1,050 | ||||||||||||
Convertible Preferred Stocks | 1,954 | — | — | 1,954 | ||||||||||||
Corporate Debt Securities | — | 646,454 | 1,635 | 648,089 | ||||||||||||
Investment Companies | 27 | — | — | 27 | ||||||||||||
Loan Assignments | — | 47,556 | 824 | 48,380 | ||||||||||||
Preferred Corporate Debt Securities | — | — | 38 | 38 | ||||||||||||
Preferred Stocks | 4,486 | — | — | 4,486 | ||||||||||||
Repurchase Agreement | — | 34,245 | — | 34,245 | ||||||||||||
Rights | — | 16 | — | 16 | ||||||||||||
Warrants | 177 | — | w | 177 | ||||||||||||
Total | $ | 7,045 | $ | 729,321 | $ | 7,447 | $ | 743,813 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 36
At June 30, 2011
(all amounts in thousands)
(unaudited)
Net Change in | ||||||||||||||||||||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||||||||||||||||||||
Appreciation/ | ||||||||||||||||||||||||||||||||||||||||
Net Change in | (Depreciation) | |||||||||||||||||||||||||||||||||||||||
Beginning | Accrued | Total | Unrealized | Transfers | Transfers | Ending | on Investments | |||||||||||||||||||||||||||||||||
Balance at | Discounts/ | Realized | Appreciation | into Level 3 | out of | Balance at | Held at | |||||||||||||||||||||||||||||||||
Securities | 12/31/2010 | Purchases | Sales | (Premiums) | Gain/(Loss) | /(Depreciation) ƒ | ¥ | Level 3 φ | 06/30/2011 | 06/30/2011 ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | 3,693 | $ | — | $ | — | $ | — | $ | — | $ | 1,257 | $ | — | $ | — | $ | 4,950 | $ | 1,257 | ||||||||||||||||||||
Convertible Bonds | w | — | — | — | — | — | — | — | w | — | ||||||||||||||||||||||||||||||
Corporate Debt Securities | 1,866 | — | (309 | ) | — | 4 | 74 | — | — | 1,635 | 59 | |||||||||||||||||||||||||||||
Loan Assignments | 810 | — | — | 21 | — | (7 | ) | — | — | 824 | (7 | ) | ||||||||||||||||||||||||||||
Preferred Corporate Debt Securities | 32 | — | (193 | ) | — | — | 199 | — | — | 38 | 199 | |||||||||||||||||||||||||||||
Warrants | w | — | — | — | — | — | — | — | w | — | ||||||||||||||||||||||||||||||
Total | $ | 6,401 | $ | — | $ | (502 | ) | $ | 21 | $ | 4 | $ | 1,523 | $ | — | $ | — | $ | 7,447 | $ | 1,508 | |||||||||||||||||||
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 06/30/2011 may be due to an investment no longer held or categorized as Level 3 at period end. | |
¥ | Transferred into Level 3 because of unavailability of observable inputs. | |
φ | Transferred out of Level 3 because of availability of observable inputs. |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 37
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 0.8% | ||||||||
U.S. Treasury Bond | ||||||||
4.38%, 05/15/2041 | $ | 60 | $ | 60 | ||||
4.75%, 02/15/2041 | 140 | 149 | ||||||
U.S. Treasury Note | ||||||||
0.63%, 06/30/2012 γ | 65 | 65 | ||||||
0.63%, 01/31/2013 | 100 | 100 | ||||||
0.75%, 06/15/2014 | 105 | 105 | ||||||
1.75%, 05/31/2016 | 450 | 451 | ||||||
Total U.S. Government Obligations (cost $938) | 930 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 19.4% | ||||||||
Fannie Mae | ||||||||
3.04%, 03/01/2041 * | 93 | 96 | ||||||
3.15%, 03/01/2041 * | 97 | 101 | ||||||
3.32%, 12/01/2040 * | 107 | 111 | ||||||
4.00%, 01/01/2026- 02/01/2041 | 3,233 | 3,300 | ||||||
4.36%, 10/09/2019 ▲ | 280 | 196 | ||||||
4.50%, 10/01/2040- 06/01/2041 | 4,871 | 5,053 | ||||||
5.00%, 03/01/2040- 06/01/2041 | 1,541 | 1,643 | ||||||
5.50%, 06/01/2033- 09/01/2036 | 1,020 | 1,111 | ||||||
Fannie Mae, TBA | ||||||||
3.50% | 500 | 485 | ||||||
4.00% | 1,200 | 1,200 | ||||||
4.50% | 1,000 | 1,057 | ||||||
5.00% | 700 | 744 | ||||||
5.50% | 1,200 | 1,298 | ||||||
6.00% | 1,400 | 1,538 | ||||||
6.50% | 600 | 679 | ||||||
Farmer Mac Guaranteed Notes Trust 2007-1 | ||||||||
5.13%, 04/19/2017 - 144A | 350 | 396 | ||||||
Freddie Mac | ||||||||
3.06%, 02/01/2041 * | 98 | 102 | ||||||
3.53%, 09/30/2019 | 100 | 100 | ||||||
3.97%, 01/25/2021 * | 240 | 243 | ||||||
4.00%, 05/01/2026 | 689 | 721 | ||||||
4.50%, 02/01/2041- 04/01/2041 | 756 | 783 | ||||||
5.00%, 06/01/2041 | 350 | 374 | ||||||
Freddie Mac, TBA | ||||||||
5.00% | 300 | 318 | ||||||
Ginnie Mae | ||||||||
1.34%, 11/20/2059 * | 473 | 486 | ||||||
Ginnie Mae, TBA | ||||||||
4.50% | 100 | 106 | ||||||
Resolution Funding Corp., Interest STRIPS | ||||||||
2.88%, 07/15/2018 ▲ | 250 | 204 | ||||||
2.95%, 10/15/2018 ▲ | 250 | 201 | ||||||
Tennessee Valley Authority | ||||||||
5.25%, 09/15/2039 | 60 | 64 | ||||||
Total U.S. Government Agency Obligations (cost $22,448) | 22,710 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.8% | ||||||||
Hydro Quebec | ||||||||
8.05%, 07/07/2024 | 240 | 330 | ||||||
8.40%, 01/15/2022 | 95 | 131 | ||||||
9.40%, 02/01/2021 | 50 | 72 | ||||||
Japan Finance Corp. | ||||||||
2.88%, 02/02/2015 ^ | 250 | 264 | ||||||
Poland Government International Bond | ||||||||
5.13%, 04/21/2021 ^ | 90 | 93 | ||||||
Total Foreign Government Obligations (cost $883) | 890 | |||||||
MORTGAGE-BACKED SECURITIES - 5.7% | ||||||||
Adjustable Rate Mortgage Trust | ||||||||
Series 2004-2, Class 7A2 1.03%, 02/25/2035 * | 78 | 70 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | ||||||||
Series 2005-5, Class A4 5.12%, 10/10/2045 * | 250 | 271 | ||||||
Series 2006-4, Class AM 5.68%, 07/10/2046 | 30 | 30 | ||||||
Series 2007-3, Class A4 5.62%, 06/10/2049 * | 60 | 65 | ||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2007-PW17, Class A4 5.69%, 06/11/2050 * | 100 | 109 | ||||||
Bear Stearns Mortgage Funding Trust | ||||||||
Series 2006-AR5, Class 1A2 0.40%, 12/25/2046 * | 1,108 | 295 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | ||||||||
Series 2007-CD4, Class A4 5.32%, 12/11/2049 | 110 | 117 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2006-C3, Class AM 6.01%, 06/15/2038 * | 40 | 40 | ||||||
Series 2010-RR1, Class 2A 5.70%, 09/15/2040 - 144A * | 90 | 98 | ||||||
Series 2010-RR2, Class 2A 5.99%, 09/15/2039 - 144A * | 120 | 130 | ||||||
CW Capital Cobalt, Ltd. | ||||||||
Series 2006-C1, Class A4 5.22%, 08/15/2048 | 200 | 212 | ||||||
DBUBS Mortgage Trust | ||||||||
Series 2011-LC2A, Class A4 4.54%, 07/10/2044 - 144A | 100 | 100 | ||||||
Extended Stay America Trust | ||||||||
Series 2010-ESHA, Class B 4.22%, 11/05/2027 - 144A | 140 | 142 | ||||||
Series 2010-ESHA, Class C 4.86%, 11/05/2027 - 144A | 200 | 200 | ||||||
Series 2010-ESHA, Class D 5.50%, 11/05/2027 - 144A | 100 | 100 | ||||||
GE Capital Commercial Mortgage Corp. | ||||||||
Series 2007-C1, Class A4 5.54%, 12/10/2049 | 300 | 320 | ||||||
Series 2007-C1, Class AAB 5.48%, 12/10/2049 | 100 | 106 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2005-AR1, Class 3A 3.10%, 03/18/2035 * | 451 | 404 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2006-GG7, Class AJ 5.88%, 07/10/2038 * | 40 | 36 | ||||||
Series 2006-GG7, Class AM 5.88%, 07/10/2038 * | 50 | 51 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1 0.99%, 10/25/2034 * | 178 | 138 | ||||||
IndyMac INDA Mortgage Loan Trust | ||||||||
Series 2007-AR7, Class 1A1 5.84%, 09/25/2037 * | 358 | 288 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1 5.14%, 08/25/2037 * | 441 | 268 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 38
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
JP Morgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2004-CB8, Class A1A 4.16%, 01/12/2039 - 144A | $ | 198 | $ | 206 | ||||
Series 2006-CB14, Class AM 5.44%, 12/12/2044 * | 50 | 49 | ||||||
Series 2007-CB18, Class A3 5.45%, 06/12/2047 | 105 | 110 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A3, Class 1A1 2.56%, 07/25/2034 * | 287 | 273 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2007-C7, Class A3 5.87%, 09/15/2045 * | 90 | 98 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2004-A3, Class 4A3 5.00%, 05/25/2034 * | 161 | 162 | ||||||
Series 2005-A5, Class A3 2.62%, 06/25/2035 * | 1,300 | 1,054 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | ||||||||
Series 2007-9, Class A4 5.70%, 09/12/2049 | 200 | 215 | ||||||
MLCC Mortgage Investors, Inc. | ||||||||
Series 2003-F, Class A1 0.83%, 10/25/2028 * | 140 | 128 | ||||||
Morgan Stanley Capital I | ||||||||
Series 2005-HQ6, Class A4A 4.99%, 08/13/2042 | 190 | 206 | ||||||
Series 2007-HQ12, Class A2FL 0.44%, 04/12/2049 * | 28 | 26 | ||||||
Series 2007-HQ12, Class A2FX 5.78%, 04/12/2049 * | 56 | 57 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
Series 2011-IO, Class A 2.50%, 03/23/2051 - 144A Ə | 50 | 50 | ||||||
Structured Asset Mortgage Investments, Inc. | ||||||||
Series 2003-AR4, Class A1 0.54%, 01/19/2034 * | 249 | 194 | ||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2007-C33, Class A4 5.90%, 02/15/2051 * | 240 | 261 | ||||||
Total Mortgage-Backed Securities (cost $7,897) | 6,679 | |||||||
ASSET-BACKED SECURITIES — 2.4% | ||||||||
AmeriCredit Automobile Receivables Trust | ||||||||
Series 2011-2, Class C 3.19%, 10/12/2016 | 115 | 118 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2010-3A, Class A 4.64%, 05/20/2016 - 144A | 100 | 108 | ||||||
Citibank Omni Master Trust | ||||||||
Series 2009-A17, Class A17 4.90%, 11/15/2018 - 144A | 250 | 271 | ||||||
Education Funding Capital Trust I | ||||||||
Series 2003-3, Class A7 2.43%, 12/15/2042 * | 150 | 123 | ||||||
Hertz Corp. | ||||||||
Series 2009-2A, Class A2 5.29%, 03/25/2016 - 144A | 120 | 132 | ||||||
Nelnet Student Loan Trust | ||||||||
Series 2006-1, Class A5 0.37%, 08/23/2027 * | 135 | 128 | ||||||
Series 2008-4, Class A4 1.75%, 04/25/2017 * | 170 | 174 | ||||||
Santander Consumer Acquired Receivables Trust | ||||||||
Series 2011-S1A, Class B 1.66%, 08/15/2016 - 144A | 257 | 257 | ||||||
Series 2011-S1A, Class C 2.01%, 08/15/2016 - 144A | 282 | 281 | ||||||
Series 2011-WO, Class C 3.19%, 10/15/2015 - 144A | 70 | 71 | ||||||
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 | ||||||
Series 2011-S1A, Class B 1.48%, 07/15/2013 - 144A | 213 | 213 | ||||||
Series 2011-S1A, Class D 3.10%, 03/15/2013 - 144A | 88 | 88 | ||||||
Scholar Funding Trust | ||||||||
Series 2011-A, Class A 1.17%, 10/28/2043 - 144A * | 145 | 144 | ||||||
SLM Student Loan Trust | ||||||||
Series 2004-B, Class A2 0.45%, 06/15/2021 * | 217 | 212 | ||||||
Series 2008-5, Class A4 1.97%, 07/25/2023 * | 170 | 178 | ||||||
Total Asset-Backed Securities (cost $2,715) | 2,741 | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.1% | ||||||||
New York City Municipal Water Finance Authority | ||||||||
5.38%, 06/15/2043 | 100 | 106 | ||||||
Total Municipal Government Obligations (cost $99) | ||||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.2% | ||||||||
Capital Markets - 0.1% | ||||||||
Credit Suisse | ||||||||
5.86%, 05/15/2017 * Ž ^ | 90 | 86 | ||||||
Lehman Brothers Holdings Capital Trust VII | ||||||||
5.86%, 05/31/2012 Ž Џ ‡ § | 200 | w | ||||||
Lehman Brothers Holdings E-Capital Trust I | ||||||||
3.59%, 08/19/2065 Џ ‡ | 120 | w | ||||||
State Street Capital Trust IV | ||||||||
1.25%, 06/15/2037 * | 10 | 8 | ||||||
Commercial Banks - 0.1% | ||||||||
ABN Amro North American Holding Preferred Capital Repackage Trust I | ||||||||
6.52%, 11/08/2012 - 144A * Ž | 80 | 73 | ||||||
SunTrust Capital VIII | ||||||||
6.10%, 12/15/2036 * | 10 | 10 | ||||||
Wachovia Capital Trust III | ||||||||
5.57%, 08/08/2011 * Ž ^ | 5 | 5 | ||||||
Total Preferred Corporate Debt Securities (cost $459) | 182 | |||||||
CORPORATE DEBT SECURITIES - 13.2% | ||||||||
Auto Components - 0.0% ∞ | ||||||||
BorgWarner, Inc. | ||||||||
4.63%, 09/15/2020 | 30 | 31 | ||||||
Automobiles - 0.0% ∞ | ||||||||
General Motors Corp. (Escrow Shares) | ||||||||
8.25%, 07/15/2023 ^ | 470 | 12 | ||||||
Beverages - 0.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
5.38%, 01/15/2020 ^ | 120 | 133 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 39
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Capital Markets - 1.2% | ||||||||
BP Capital Markets PLC | ||||||||
3.13%, 03/10/2012 ^ | $ | 30 | $ | 31 | ||||
3.13%, 10/01/2015 | 40 | 41 | ||||||
3.88%, 03/10/2015 ^ | 100 | 105 | ||||||
Credit Suisse AG | ||||||||
5.40%, 01/14/2020 ^ | 30 | 30 | ||||||
Goldman Sachs Group, Inc. | ||||||||
3.63%, 02/07/2016 ^ | 480 | 486 | ||||||
3.70%, 08/01/2015 | 160 | 163 | ||||||
Lehman Brothers Holdings, Inc. | ||||||||
5.25%, 02/06/2012 Џ ‡ | 100 | 26 | ||||||
Lehman Brothers Holdings, Inc. — Series 1 | ||||||||
6.75%, 12/28/2017 Џ ‡ | 480 | ♦ | ||||||
Morgan Stanley | ||||||||
2.76%, 05/14/2013 * ^ | 200 | 205 | ||||||
4.20%, 11/20/2014 ^ | 140 | 145 | ||||||
Morgan Stanley — Series F | ||||||||
6.25%, 08/28/2017 ^ | 120 | 130 | ||||||
Chemicals - 0.0% ∞ | ||||||||
Dow Chemical Co. | ||||||||
4.25%, 11/15/2020 ^ | 25 | 24 | ||||||
Westlake Chemical Corp. | ||||||||
6.63%, 01/15/2016 | 17 | 18 | ||||||
Commercial Banks - 2.2% | ||||||||
Canadian Imperial Bank of Commerce | ||||||||
2.75%, 01/27/2016 - 144A ^ | 180 | 184 | ||||||
CIT Group, Inc. | ||||||||
6.63%, 04/01/2018 - 144A ^ | 33 | 34 | ||||||
7.00%, 05/01/2017 | 71 | 70 | ||||||
DnB NOR Boligkreditt | ||||||||
2.10%, 10/14/2015 - 144A ^ | 610 | 603 | ||||||
2.90%, 03/29/2016 - 144A | 325 | 331 | ||||||
Eksportfinans ASA | ||||||||
2.00%, 09/15/2015 ^ | 310 | 309 | ||||||
Fifth Third Capital Trust IV | ||||||||
6.50%, 04/15/2037 * | 40 | 39 | ||||||
Glitnir Banki HF | ||||||||
6.33%, 07/28/2011 - 144A Џ ‡ | 160 | 44 | ||||||
6.69%, 06/15/2016 - 144A Ə Џ ‡ | 380 | w | ||||||
HSBC Bank Brasil SA — Banco Multiplo | ||||||||
4.00%, 05/11/2016 - 144A | 200 | 202 | ||||||
HSBC Bank PLC | ||||||||
3.10%, 05/24/2016 - 144A ^ | 150 | 149 | ||||||
HSBC Holdings PLC | ||||||||
5.10%, 04/05/2021 | 70 | 72 | ||||||
Landsbanki Islands HF | ||||||||
6.10%, 08/25/2011 - 144A Џ ‡ | 140 | 10 | ||||||
Royal Bank of Canada | ||||||||
3.13%, 04/14/2015 - 144A | 445 | 463 | ||||||
Construction Materials - 0.0% ∞ | ||||||||
Lafarge SA | ||||||||
7.13%, 07/15/2036 ^ | 20 | 20 | ||||||
Consumer Finance - 0.2% | ||||||||
Ally Financial, Inc. | ||||||||
1.75%, 10/30/2012 | 150 | 152 | ||||||
SLM Corp. | ||||||||
6.25%, 01/25/2016 ^ | 78 | 81 | ||||||
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 | 33 | ||||||
Diversified Financial Services - 1.8% | ||||||||
AngloGold Ashanti Holdings PLC | ||||||||
5.38%, 04/15/2020 | 40 | 39 | ||||||
Bank of America Corp. | ||||||||
3.63%, 03/17/2016 ^ | 40 | 40 | ||||||
5.00%, 05/13/2021 | 55 | 54 | ||||||
5.63%, 07/01/2020 | 150 | 155 | ||||||
Citigroup, Inc. | ||||||||
3.95%, 06/15/2016 ^ | 195 | 200 | ||||||
4.59%, 12/15/2015 ^ | 600 | 631 | ||||||
4.75%, 05/19/2015 ^ | 35 | 37 | ||||||
5.00%, 09/15/2014 | 20 | 21 | ||||||
5.38%, 08/09/2020 ^ | 25 | 26 | ||||||
6.00%, 08/15/2017 ^ | 15 | 16 | ||||||
General Electric Capital Corp. | ||||||||
5.50%, 01/08/2020 | 115 | 123 | ||||||
JPMorgan Chase & Co. | ||||||||
3.15%, 07/05/2016 ^ | 140 | 141 | ||||||
JPMorgan Chase Bank NA | ||||||||
6.00%, 10/01/2017 ^ | 250 | 278 | ||||||
Kaupthing Bank Hf | ||||||||
7.13%, 05/19/2016 - 144A Ə Џ ‡ | 130 | w | ||||||
Kaupthing Bank Hf — Series 1 | ||||||||
7.63%, 02/28/2015 - 144A Џ ‡ | 710 | 176 | ||||||
Swiss Re Capital I LP | ||||||||
6.85%, 05/29/2049 - 144A * Ž | 70 | 67 | ||||||
WEA Finance LLC | ||||||||
4.63%, 05/10/2021 - 144A | 35 | 34 | ||||||
Woodside Finance, Ltd. | ||||||||
4.60%, 05/10/2021 - 144A ^ | 25 | 25 | ||||||
Diversified Telecommunication Services - 0.8% | ||||||||
GTE Corp. | ||||||||
6.84%, 04/15/2018 ^ | 22 | 26 | ||||||
Intelsat Jackson Holdings SA | ||||||||
7.25%, 04/01/2019 - 144A | 44 | 44 | ||||||
8.50%, 11/01/2019 | 50 | 53 | ||||||
Level 3 Financing, Inc. | ||||||||
8.75%, 02/15/2017 | 11 | 11 | ||||||
9.38%, 04/01/2019 - 144A | 22 | 23 | ||||||
10.00%, 02/01/2018 ^ | 20 | 21 | ||||||
Qwest Communications International, Inc. | ||||||||
7.13%, 04/01/2018 | 36 | 39 | ||||||
8.00%, 10/01/2015 | 74 | 80 | ||||||
Qwest Corp. | ||||||||
6.50%, 06/01/2017 ^ | 13 | 14 | ||||||
7.63%, 06/15/2015 ^ | 24 | 27 | ||||||
8.38%, 05/01/2016 | 25 | 30 | ||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 ^ | 24 | 23 | ||||||
8.75%, 03/15/2032 | 60 | 65 | ||||||
Telecom Italia Capital SA | ||||||||
5.25%, 10/01/2015 ^ | 130 | 135 | ||||||
Verizon Communications, Inc. | ||||||||
6.10%, 04/15/2018 ^ | 63 | 72 | ||||||
6.40%, 02/15/2038 | 37 | 40 | ||||||
8.75%, 11/01/2018 ^ | 165 | 215 | ||||||
8.95%, 03/01/2039 ^ | 10 | 14 | ||||||
Electric Utilities - 0.7% | ||||||||
Alabama Power Co. | ||||||||
3.95%, 06/01/2021 | 55 | 55 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
8.88%, 11/15/2018 | 7 | 9 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 40
At June 30, 2011
(all amounts in thousands)
(unaudited)
Principal | Value | |||||||
Electric Utilities (continued) | ||||||||
Duke Energy Carolinas LLC | ||||||||
3.90%, 06/15/2021 | $ | 45 | $ | 45 | ||||
Energy Future Intermediate Holding Co., LLC | ||||||||
10.00%, 12/01/2020 ^ | 306 | 327 | ||||||
FirstEnergy Corp. — Series B | ||||||||
6.45%, 11/15/2011 | 7 | 7 | ||||||
FirstEnergy Corp. — Series C | ||||||||
7.38%, 11/15/2031 ^ | 175 | 199 | ||||||
Georgia Power Co. | ||||||||
3.00%, 04/15/2016 ^ | 100 | 102 | ||||||
Jersey Central Power & Light Co. | ||||||||
7.35%, 02/01/2019 ^ | 30 | 36 | ||||||
Southern California Edison Co. | ||||||||
3.88%, 06/01/2021 | 80 | 80 | ||||||
Trans-Allegheny Interstate Line Co. | ||||||||
4.00%, 01/15/2015 - 144A | 30 | 31 | ||||||
Energy Equipment & Services - 0.3% | ||||||||
Cie Generale de Geophysique-Veritas | ||||||||
7.75%, 05/15/2017 | 40 | 41 | ||||||
Complete Production Services, Inc. | ||||||||
8.00%, 12/15/2016 | 105 | 111 | ||||||
El Paso Pipeline Partners Operating Co., LLC | ||||||||
6.50%, 04/01/2020 ^ | 75 | 84 | ||||||
Ensco PLC | ||||||||
3.25%, 03/15/2016 | 20 | 20 | ||||||
4.70%, 03/15/2021 | 45 | 45 | ||||||
Pride International, Inc. | ||||||||
6.88%, 08/15/2020 ^ | 30 | 35 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.90%, 04/15/2015 - 144A | 15 | 15 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Wal-Mart Stores, Inc. | ||||||||
5.63%, 04/15/2041 | 70 | 72 | ||||||
Food Products - 0.1% | ||||||||
Kraft Foods, Inc. | ||||||||
5.38%, 02/10/2020 | 75 | 82 | ||||||
6.50%, 08/11/2017 ^ | 35 | 41 | ||||||
Health Care Providers & Services - 0.3% | ||||||||
Fresenius Medical Care U.S. Finance, Inc. | ||||||||
6.88%, 07/15/2017 | 120 | 128 | ||||||
HCA, Inc. | ||||||||
6.30%, 10/01/2012 ^ | 6 | 6 | ||||||
Tenet Healthcare Corp. | ||||||||
9.00%, 05/01/2015 | 45 | 48 | ||||||
10.00%, 05/01/2018 | 45 | 51 | ||||||
WellPoint, Inc. | ||||||||
5.25%, 01/15/2016 | 45 | 50 | ||||||
Hotels, Restaurants & Leisure - 0.2% | ||||||||
Boyd Gaming Corp. | ||||||||
6.75%, 04/15/2014 ^ | 25 | 25 | ||||||
7.13%, 02/01/2016 ^ | 80 | 74 | ||||||
Caesars Entertainment Operating Co., Inc. | ||||||||
10.00%, 12/15/2018 ^ | 50 | 45 | ||||||
Inn of the Mountain Gods Resort & Casino | ||||||||
1.25%, 11/30/2020 - 144A Ώ | 20 | 12 | ||||||
Mohegan Tribal Gaming Authority | ||||||||
6.13%, 02/15/2013 ^ | 15 | 12 | ||||||
Station Casinos, Inc. | ||||||||
6.88%, 03/01/2016 Џ ‡ | 10 | w | ||||||
7.75%, 08/15/2016 Џ ‡ | 90 | w | ||||||
Yum! Brands, Inc. | ||||||||
5.30%, 09/15/2019 | 22 | 24 | ||||||
6.25%, 04/15/2016 | 33 | 38 | ||||||
Independent Power Producers & Energy Traders - 0.1% | ||||||||
AES Corp. | ||||||||
7.75%, 10/15/2015 ^ | 80 | 85 | ||||||
Insurance - 0.8% | ||||||||
American International Group, Inc. | ||||||||
5.45%, 05/18/2017 ^ | 45 | 47 | ||||||
8.18%, 05/15/2058 * ^ | 15 | 16 | ||||||
Fairfax Financial Holdings, Ltd. | ||||||||
5.80%, 05/15/2021 - 144A | 75 | 73 | ||||||
Genworth Financial, Inc. | ||||||||
6.15%, 11/15/2066 * | 10 | 7 | ||||||
Liberty Mutual Group, Inc. | ||||||||
10.75%, 06/15/2058 - 144A * | 10 | 13 | ||||||
Lincoln National Corp. | ||||||||
7.00%, 06/15/2040 ^ | 50 | 56 | ||||||
Manulife Financial Corp. | ||||||||
3.40%, 09/17/2015 ^ | 110 | 113 | ||||||
Metropolitan Life Global Funding I | ||||||||
2.50%, 01/11/2013 - 144A | 200 | 205 | ||||||
5.13%, 06/10/2014 - 144A | 100 | 109 | ||||||
Prudential Financial, Inc. | ||||||||
4.75%, 09/17/2015 ^ | 140 | 151 | ||||||
5.38%, 06/21/2020 | 120 | 126 | ||||||
XL Group PLC | ||||||||
6.50%, 12/29/2049 * Ž ^ | 50 | 46 | ||||||
Life Sciences Tools & Services - 0.0% ∞ | ||||||||
Life Technologies Corp. | ||||||||
5.00%, 01/15/2021 | 11 | 11 | ||||||
Media - 1.1% | ||||||||
CBS Corp. | ||||||||
4.63%, 05/15/2018 | 20 | 21 | ||||||
5.75%, 04/15/2020 ^ | 30 | 33 | ||||||
8.88%, 05/15/2019 ^ | 70 | 89 | ||||||
Comcast Corp. | ||||||||
5.88%, 02/15/2018 ^ | 99 | 111 | ||||||
6.45%, 03/15/2037 | 50 | 53 | ||||||
COX Communications, Inc. | ||||||||
8.38%, 03/01/2039 - 144A | 95 | 124 | ||||||
CSC Holdings LLC | ||||||||
8.63%, 02/15/2019 ^ | 5 | 6 | ||||||
DIRECTV Holdings LLC | ||||||||
3.13%, 02/15/2016 ^ | 190 | 194 | ||||||
DISH DBS Corp. | ||||||||
7.00%, 10/01/2013 | 30 | 32 | ||||||
NBCUniversal Media LLC | ||||||||
4.38%, 04/01/2021 - 144A | 97 | 96 | ||||||
5.15%, 04/30/2020 - 144A | 155 | 164 | ||||||
News America, Inc. | ||||||||
6.15%, 02/15/2041 - 144A ^ | 55 | 54 | ||||||
6.40%, 12/15/2035 | 75 | 78 | ||||||
6.65%, 11/15/2037 | 10 | 11 | ||||||
Time Warner, Inc. | ||||||||
4.70%, 01/15/2021 ^ | 30 | 30 | ||||||
6.10%, 07/15/2040 | 20 | 20 | ||||||
Time Warner Cable, Inc. | ||||||||
5.88%, 11/15/2040 ^ | 55 | 54 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 41
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Principal | Value | |||||||
Metals & Mining - 0.5% | ||||||||
Barrick Gold Corp. | ||||||||
2.90%, 05/30/2016 - 144A ^ | $ | 280 | $ | 281 | ||||
Cliffs Natural Resources, Inc. | ||||||||
4.88%, 04/01/2021 | 75 | 75 | ||||||
Novelis, Inc. | ||||||||
8.75%, 12/15/2020 ^ | 80 | 86 | ||||||
Steel Dynamics, Inc. | ||||||||
6.75%, 04/01/2015 ^ | 65 | 66 | ||||||
Multiline Retail - 0.1% | ||||||||
JC Penney Corp., Inc. | ||||||||
7.40%, 04/01/2037 | 20 | 20 | ||||||
Macy’s Retail Holdings, Inc. | ||||||||
5.90%, 12/01/2016 | 120 | 134 | ||||||
Multi-Utilities - 0.1% | ||||||||
Dominion Resources, Inc. — Series D | ||||||||
8.88%, 01/15/2019 | 80 | 104 | ||||||
Oil, Gas & Consumable Fuels - 1.7% | ||||||||
Anadarko Petroleum Corp. | ||||||||
5.95%, 09/15/2016 ^ | 163 | 183 | ||||||
6.38%, 09/15/2017 ^ | 84 | 96 | ||||||
Consol Energy, Inc. | ||||||||
8.25%, 04/01/2020 | 10 | 11 | ||||||
El Paso Corp. | ||||||||
7.80%, 08/01/2031 | 86 | 100 | ||||||
Enterprise Products Operating LLC | ||||||||
5.20%, 09/01/2020 ^ | 190 | 200 | ||||||
KeySpan Gas East Corp. | ||||||||
5.82%, 04/01/2041 - 144A | 50 | 51 | ||||||
Kinder Morgan Energy Partners, LP | ||||||||
5.30%, 09/15/2020 ^ | 92 | 97 | ||||||
6.38%, 03/01/2041 | 20 | 20 | ||||||
6.55%, 09/15/2040 | 15 | 16 | ||||||
Marathon Petroleum Corp. | ||||||||
6.50%, 03/01/2041 - 144A ^ | 132 | 136 | ||||||
MEG Energy Corp. | ||||||||
6.50%, 03/15/2021 - 144A ^ | 70 | 70 | ||||||
Nexen, Inc. | ||||||||
7.50%, 07/30/2039 ^ | 135 | 151 | ||||||
Pemex Project Funding Master Trust | ||||||||
6.63%, 06/15/2035 ^ | 147 | 155 | ||||||
Petrobras International Finance Co. | ||||||||
3.88%, 01/27/2016 | 160 | 163 | ||||||
5.75%, 01/20/2020 ^ | 250 | 268 | ||||||
6.13%, 10/06/2016 ^ | 50 | 56 | ||||||
Rockies Express Pipeline LLC | ||||||||
6.85%, 07/15/2018 - 144A | 25 | 28 | ||||||
SandRidge Energy, Inc. | ||||||||
8.75%, 01/15/2020 | 60 | 64 | ||||||
SemGroup, LP (Escrow Shares) | ||||||||
8.75%, 11/15/2049 Ə | 25 | w | ||||||
Valero Energy Corp. | ||||||||
6.13%, 02/01/2020 ^ | 30 | 33 | ||||||
Western Gas Partners, LP | ||||||||
5.38%, 06/01/2021 | 95 | 98 | ||||||
Williams Partners, LP | ||||||||
4.13%, 11/15/2020 | 25 | 24 | ||||||
Paper & Forest Products - 0.0% ∞ | ||||||||
International Paper Co. | ||||||||
5.30%, 04/01/2015 ^ | 5 | 5 | ||||||
Pharmaceuticals - 0.1% | ||||||||
Wyeth | ||||||||
5.95%, 04/01/2037 | 110 | 118 | ||||||
Real Estate Investment Trusts - 0.0% ∞ | ||||||||
Ventas Realty, LP | ||||||||
4.75%, 06/01/2021 | 35 | 34 | ||||||
Real Estate Management & Development - 0.3% | ||||||||
Realogy Corp. | ||||||||
7.88%, 02/15/2019 - 144A ^ | 90 | 89 | ||||||
11.50%, 04/15/2017 | 230 | 234 | ||||||
Road & Rail - 0.2% | ||||||||
Burlington Northern Santa Fe LLC | ||||||||
5.75%, 05/01/2040 | 135 | 139 | ||||||
CSX Corp. | ||||||||
4.25%, 06/01/2021 ^ | 50 | 50 | ||||||
Semiconductors & Semiconductor Equipment - 0.0% ∞ | ||||||||
MagnaChip Semiconductor S.A. | ||||||||
1.00%, 12/15/2049 Ə | 1 | w | ||||||
Software - 0.1% | ||||||||
First Data Corp. | ||||||||
7.38%, 06/15/2019 - 144A ^ | 80 | 81 | ||||||
12.63%, 01/15/2021 - 144A ^ | 75 | 80 | ||||||
Wireless Telecommunication Services - 0.1% | ||||||||
Crown Castle Towers LLC | ||||||||
6.11%, 01/15/2020 - 144A | 100 | 109 | ||||||
Total Corporate Debt Securities (cost $17,052) | 15,327 | |||||||
Shares | Value | |||||||
PREFERRED STOCKS - 0.1% | ||||||||
U.S. Government Agency Obligation - 0.1% | ||||||||
Fannie Mae 0.00% * | 600 | 2 | ||||||
Fannie Mae 8.25% * | 10,800 | 23 | ||||||
Freddie Mac 8.38% * | 14,925 | 44 | ||||||
Total Preferred Stocks (cost $675) | 69 | |||||||
COMMON STOCKS - 60.0% | ||||||||
Aerospace & Defense - 1.7% | ||||||||
Honeywell International, Inc. | 10,324 | 615 | ||||||
Huntington Ingalls Industries, Inc. ‡ ^ | 164 | 6 | ||||||
L-3 Communications Holdings, Inc. ^ | 1,291 | 113 | ||||||
Raytheon Co. ^ | 1,968 | 98 | ||||||
United Technologies Corp. | 12,973 | 1,148 | ||||||
Airlines - 0.1% | ||||||||
Southwest Airlines Co. ^ | 9,461 | 108 | ||||||
Auto Components - 0.5% | ||||||||
Johnson Controls, Inc. | 13,766 | 573 | ||||||
Automobiles - 0.4% | ||||||||
General Motors Co. ‡ ^ | 13,985 | 425 | ||||||
Beverages - 1.9% | ||||||||
Coca-Cola Co. | 22,367 | 1,504 | ||||||
PepsiCo, Inc. | 11,861 | 835 | ||||||
Biotechnology - 1.2% | ||||||||
Biogen Idec, Inc. ‡ | 5,464 | 584 | ||||||
Celgene Corp. ‡ | 9,928 | 599 | ||||||
Dendreon Corp. ‡ ^ | 5,434 | 214 | ||||||
Capital Markets - 1.3% | ||||||||
Charles Schwab Corp. ^ | 5,787 | 95 | ||||||
E*Trade Financial Corp. ‡ ^ | 1,051 | 15 | ||||||
Goldman Sachs Group, Inc. | 2,395 | 319 | ||||||
Invesco, Ltd. | 4,425 | 104 | ||||||
Janus Capital Group, Inc. ^ | 1,072 | 10 | ||||||
Morgan Stanley ^ | 5,900 | 136 | ||||||
Northern Trust Corp. | 2,956 | 136 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 42
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Capital Markets (continued) | ||||||||
State Street Corp. ^ | 14,610 | $ | 658 | |||||
TD Ameritrade Holding Corp. ^ | 3,594 | 70 | ||||||
Chemicals - 1.5% | ||||||||
Air Products & Chemicals, Inc. ^ | 1,092 | 104 | ||||||
CF Industries Holdings, Inc. | 1,055 | 149 | ||||||
Dow Chemical Co. ^ | 14,450 | 520 | ||||||
E.I. du Pont de Nemours & Co. | 15,729 | 851 | ||||||
Georgia Gulf Corp. ‡ ^ | 1,977 | 48 | ||||||
PPG Industries, Inc. ^ | 821 | 75 | ||||||
Commercial Banks - 2.0% | ||||||||
Huntington Bancshares, Inc. ^ | 14,400 | 94 | ||||||
Popular, Inc. ‡ | 14,300 | 39 | ||||||
SunTrust Banks, Inc. | 3,114 | 80 | ||||||
U.S. Bancorp ^ | 23,855 | 609 | ||||||
Wells Fargo & Co. ^ | 49,627 | 1,393 | ||||||
Zions Bancorporation ^ | 3,817 | 92 | ||||||
Communications Equipment - 0.8% | ||||||||
Cisco Systems, Inc. | 22,870 | 357 | ||||||
Harris Corp. ^ | 630 | 28 | ||||||
Juniper Networks, Inc. ‡ | 3,177 | 100 | ||||||
QUALCOMM, Inc. | 6,898 | 392 | ||||||
Computers & Peripherals - 3.0% | ||||||||
Apple, Inc. ‡ | 7,420 | 2,491 | ||||||
EMC Corp. ‡ | 21,016 | 579 | ||||||
NetApp, Inc. ‡ | 4,056 | 214 | ||||||
SanDisk Corp. ‡ ^ | 6,784 | 282 | ||||||
Construction & Engineering - 0.5% | ||||||||
Fluor Corp. | 9,347 | 604 | ||||||
Consumer Finance - 0.5% | ||||||||
American Express Co. | 7,431 | 384 | ||||||
Capital One Financial Corp. | 3,978 | 206 | ||||||
Containers & Packaging - 0.2% | ||||||||
Ball Corp. ^ | 5,465 | 210 | ||||||
Diversified Consumer Services - 0.1% | ||||||||
ITT Educational Services, Inc. ‡ ^ | 2,226 | 174 | ||||||
Diversified Financial Services - 2.1% | ||||||||
Bank of America Corp. | 86,802 | 951 | ||||||
Citigroup, Inc. ^ | 27,202 | 1,134 | ||||||
IntercontinentalExchange, Inc. ‡ ^ | 2,416 | 301 | ||||||
Diversified Telecommunication Services - 1.5% | ||||||||
AT&T, Inc. ^ | 12,340 | 388 | ||||||
Frontier Communications Corp. ^ | 5,768 | 47 | ||||||
Verizon Communications, Inc. ^ | 35,402 | 1,317 | ||||||
Electric Utilities - 1.0% | ||||||||
FirstEnergy Corp. | 5,784 | 255 | ||||||
Nextera Energy, Inc. ^ | 9,007 | 518 | ||||||
Northeast Utilities ^ | 10,200 | 359 | ||||||
Electrical Equipment - 0.2% | ||||||||
Emerson Electric Co. | 4,361 | 245 | ||||||
Thomas & Betts Corp. ‡ | 700 | 38 | ||||||
Electronic Equipment & Instruments - 0.6% | ||||||||
Amphenol Corp. — Class A ^ | 1,026 | 55 | ||||||
Avnet, Inc. ‡ | 2,235 | 71 | ||||||
Corning, Inc. | 16,722 | 304 | ||||||
TE Connectivity, Ltd. | 8,374 | 308 | ||||||
Energy Equipment & Services - 0.9% | ||||||||
Helmerich & Payne, Inc. | 604 | 40 | ||||||
National Oilwell Varco, Inc. | 3,399 | 266 | ||||||
Schlumberger, Ltd. | 8,714 | 753 | ||||||
Food & Staples Retailing - 1.5% | ||||||||
CVS Caremark Corp. | 7,797 | 293 | ||||||
Kroger Co. ^ | 11,074 | 275 | ||||||
Safeway, Inc. ^ | 7,817 | 183 | ||||||
Wal-Mart Stores, Inc. ^ | 17,674 | 939 | ||||||
Food Products - 0.7% | ||||||||
ConAgra Foods, Inc. | 5,800 | 150 | ||||||
General Mills, Inc. | 12,827 | 477 | ||||||
Kellogg Co. | 2,486 | 138 | ||||||
Gas Utilities - 0.4% | ||||||||
AGL Resources, Inc. | 5,217 | 212 | ||||||
Oneok, Inc. ^ | 2,917 | 216 | ||||||
Health Care Equipment & Supplies - 1.2% | ||||||||
Baxter International, Inc. ^ | 5,078 | 303 | ||||||
Becton, Dickinson and Co. ^ | 3,039 | 262 | ||||||
Covidien PLC ^ | 10,968 | 584 | ||||||
St. Jude Medical, Inc. ^ | 5,713 | 272 | ||||||
Health Care Providers & Services - 1.6% | ||||||||
CIGNA Corp. | 308 | 16 | ||||||
DaVita, Inc. ‡ | 6,083 | 527 | ||||||
Humana, Inc. ^ | 4,910 | 395 | ||||||
McKesson Corp. ^ | 2,965 | 248 | ||||||
UnitedHealth Group, Inc. | 12,713 | 656 | ||||||
Hotels, Restaurants & Leisure - 0.8% | ||||||||
Carnival Corp. ^ | 9,739 | 366 | ||||||
McDonald’s Corp. | 4,018 | 339 | ||||||
Royal Caribbean Cruises, Ltd. ‡ ^ | 2,154 | 81 | ||||||
Yum! Brands, Inc. | 1,900 | 105 | ||||||
Household Durables - 0.2% | ||||||||
Lennar Corp. — Class A ^ | 7,141 | 130 | ||||||
Whirlpool Corp. ^ | 842 | 68 | ||||||
Household Products - 1.9% | ||||||||
Colgate-Palmolive Co. | 4,675 | 409 | ||||||
Kimberly-Clark Corp. ^ | 5,320 | 354 | ||||||
Procter & Gamble Co. | 22,163 | 1,409 | ||||||
Independent Power Producers & Energy Traders - 0.3% | ||||||||
AES Corp. ‡ | 5,185 | 66 | ||||||
Constellation Energy Group, Inc. | 7,881 | 299 | ||||||
Industrial Conglomerates - 2.1% | ||||||||
3M Co. | 7,612 | 722 | ||||||
General Electric Co. | 55,838 | 1,053 | ||||||
Textron, Inc. ^ | 2,770 | 65 | ||||||
Tyco International, Ltd. | 13,021 | 644 | ||||||
Insurance - 1.7% | ||||||||
ACE, Ltd. ^ | 4,263 | 281 | ||||||
Aflac, Inc. | 6,583 | 307 | ||||||
Axis Capital Holdings, Ltd. ^ | 4,177 | 129 | ||||||
Berkshire Hathaway, Inc. — Class B ‡ ^ | 2,383 | 184 | ||||||
Everest RE Group, Ltd. | 1,700 | 139 | ||||||
MetLife, Inc. ^ | 11,373 | 500 | ||||||
Prudential Financial, Inc. | 7,677 | 488 | ||||||
Internet & Catalog Retail - 0.8% | ||||||||
Amazon.com, Inc. ‡ ^ | 4,269 | 873 | ||||||
Internet Software & Services - 0.0% ∞ | ||||||||
Google, Inc. — Class A ‡ ^ | 69 | 35 | ||||||
IT Services - 2.2% | ||||||||
Accenture PLC — Class A | 7,300 | 442 | ||||||
Cognizant Technology Solutions Corp. - Class A ‡ | 4,546 | 333 |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 43
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
IT Services (continued) | ||||||||
Genpact, Ltd. ‡ ^ | 6,100 | $ | 105 | |||||
International Business Machines Corp. | 8,477 | 1,455 | ||||||
Mastercard, Inc. — Class A | 797 | 240 | ||||||
Machinery - 0.9% | ||||||||
Donaldson Co., Inc. ^ | 570 | 35 | ||||||
Eaton Corp. | 3,496 | 180 | ||||||
ITT Corp. ^ | 1,059 | 62 | ||||||
Joy Global, Inc. ^ | 985 | 94 | ||||||
Kennametal, Inc. | 851 | 36 | ||||||
PACCAR, Inc. | 12,265 | 626 | ||||||
Media - 2.4% | ||||||||
Cablevision Systems Corp. — Class A ^ | 200 | 7 | ||||||
CBS Corp. — Class B ^ | 24,972 | 711 | ||||||
Comcast Corp. — Class A | 4,262 | 108 | ||||||
DIRECTV — Class A ‡ | 5,979 | 304 | ||||||
DISH Network Corp. — Class A ‡ | 3,600 | 110 | ||||||
Gannett Co., Inc. | 3,672 | 53 | ||||||
Time Warner, Inc. ^ | 20,881 | 760 | ||||||
Walt Disney Co. | 19,599 | 766 | ||||||
Metals & Mining - 0.6% | ||||||||
Alcoa, Inc. ^ | 33,827 | 536 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 2,776 | 147 | ||||||
Multiline Retail - 0.6% | ||||||||
Family Dollar Stores, Inc. | 651 | 34 | ||||||
Kohl’s Corp. | 1,600 | 80 | ||||||
Macy’s, Inc. | 3,600 | 105 | ||||||
Nordstrom, Inc. ^ | 1,631 | 77 | ||||||
Target Corp. ^ | 9,708 | 455 | ||||||
Multi-Utilities - 0.4% | ||||||||
CenterPoint Energy, Inc. | 10,635 | 206 | ||||||
Sempra Energy ^ | 5,287 | 279 | ||||||
Oil, Gas & Consumable Fuels - 6.6% | ||||||||
Anadarko Petroleum Corp. | 7,874 | 604 | ||||||
Apache Corp. ^ | 3,520 | 434 | ||||||
Chesapeake Energy Corp. ^ | 6,423 | 191 | ||||||
Chevron Corp. | 18,381 | 1,890 | ||||||
ConocoPhillips | 10,317 | 776 | ||||||
Devon Energy Corp. | 5,393 | 425 | ||||||
EOG Resources, Inc. ^ | 5,117 | 535 | ||||||
Exxon Mobil Corp. | 20,128 | 1,638 | ||||||
Marathon Oil Corp. | 4,113 | 217 | ||||||
Noble Energy, Inc. | 900 | 81 | ||||||
Pioneer Natural Resources Co. ^ | 1,562 | 140 | ||||||
Range Resources Corp. ^ | 2,061 | 114 | ||||||
SemGroup Corp. — Class A ‡ | 64 | 2 | ||||||
Valero Energy Corp. | 9,545 | 244 | ||||||
Williams Cos., Inc. | 14,100 | 427 | ||||||
Pharmaceuticals - 3.1% | ||||||||
Abbott Laboratories | 21,626 | 1,138 | ||||||
Johnson & Johnson | 5,609 | 373 | ||||||
Merck & Co., Inc. | 27,720 | 978 | ||||||
Mylan, Inc. ‡ ^ | 8,580 | 212 | ||||||
Pfizer, Inc. | 46,395 | 956 | ||||||
Real Estate Investment Trusts - 0.7% | ||||||||
Alexandria Real Estate Equities, Inc. | 443 | 34 | ||||||
AvalonBay Communities, Inc. | 1,362 | 175 | ||||||
Dupont Fabros Technology, Inc. ^ | 2,954 | 74 | ||||||
Essex Property Trust, Inc. ^ | 1,079 | 146 | ||||||
Host Hotels & Resorts, Inc. ^ | 19,809 | 336 | ||||||
Road & Rail - 1.3% | ||||||||
CSX Corp. ^ | 19,932 | 523 | ||||||
Norfolk Southern Corp. ^ | 9,159 | 686 | ||||||
Union Pacific Corp. | 2,430 | 254 | ||||||
Semiconductors & Semiconductor Equipment - 1.4% | ||||||||
Applied Materials, Inc. | 12,842 | 167 | ||||||
Broadcom Corp. — Class A ‡ ^ | 11,041 | 371 | ||||||
Freescale Semiconductor Holdings I, Ltd. ‡ ^ | 4,800 | 88 | ||||||
KLA-Tencor Corp. ^ | 1,929 | 78 | ||||||
LAM Research Corp. ‡ ^ | 4,416 | 196 | ||||||
Novellus Systems, Inc. ‡ ^ | 2,061 | 74 | ||||||
Texas Instruments, Inc. | 6,729 | 221 | ||||||
Xilinx, Inc. ^ | 11,340 | 414 | ||||||
Software - 1.9% | ||||||||
Citrix Systems, Inc. ‡ | 961 | 77 | ||||||
Microsoft Corp. | 47,067 | 1,223 | ||||||
Oracle Corp. | 28,795 | 948 | ||||||
Specialty Retail - 1.3% | ||||||||
Advance Auto Parts, Inc. ^ | 869 | 51 | ||||||
AutoZone, Inc. ‡ | 1,425 | 420 | ||||||
Bed Bath & Beyond, Inc. ‡ ^ | 2,689 | 157 | ||||||
CarMax, Inc. ‡ ^ | 1,100 | 36 | ||||||
Lowe’s Cos., Inc. ^ | 15,227 | 355 | ||||||
Ross Stores, Inc. | 1,326 | 106 | ||||||
Staples, Inc. ^ | 4,101 | 65 | ||||||
TJX Cos., Inc. | 5,936 | 312 | ||||||
Textiles, Apparel & Luxury Goods - 0.1% | ||||||||
Coach, Inc. | 1,344 | 86 | ||||||
V.F. Corp. | 498 | 54 | ||||||
Tobacco - 0.4% | ||||||||
Philip Morris International, Inc. | 6,785 | 453 | ||||||
Wireless Telecommunication Services - 0.9% | ||||||||
American Tower Corp. — Class A ‡ | 2,913 | 152 | ||||||
Crown Castle International Corp. ‡ | 7,358 | 300 | ||||||
Sprint Nextel Corp. ‡ | 106,613 | 575 | ||||||
Total Common Stocks (cost $64,792) | 69,910 | |||||||
WARRANTS - 0.1% | ||||||||
Automobiles - 0.1% | ||||||||
General Motors Co. ‡ ^ | ||||||||
Expiration: 07/10/2016 | ||||||||
Exercise Price: $10.00 | 1,665 | 36 | ||||||
General Motors Co. ‡ ^ | ||||||||
Expiration: 07/10/2019 | ||||||||
Exercise Price: $18.33 | 1,665 | 27 | ||||||
Oil, Gas & Consumable Fuels - 0.0% ∞ | ||||||||
SemGroup Corp. ‡ | ||||||||
Expiration: 11/30/2014 | ||||||||
Exercise Price: $25.00 | 68 | w | ||||||
Total Warrants (cost $174) | 63 | |||||||
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 44
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Notional | ||||||||
Amount | Value | |||||||
PURCHASED OPTIONS - 0.0% ∞ | ||||||||
Call Options - 0.0% ∞ | ||||||||
10-Year U.S. Treasury Note Future | $ | 6 | $ | 12 | ||||
Call Strike $121.50 | ||||||||
Expires 08/26/2011 | ||||||||
Put Options 0.0% ∞ | ||||||||
Eurodollar, Mid-Curve 1-Year Future | 58 | t | ||||||
Put Strike $98.25 | ||||||||
Expires 09/16/2011 | ||||||||
5-Year U.S. Treasury Note Future | 13 | 4 | ||||||
Put Strike $117.00 | ||||||||
Expires 08/26/2011 | ||||||||
10-Year U.S. Treasury Note Future | 6 | 6 | ||||||
Put Strike $121.50 | ||||||||
Expires 08/26/2011 | ||||||||
Total Purchased Options (cost $41) | 22 | |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 21.6% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% | 25,077,309 | 25,077 | ||||||
Total Securities Lending Collateral (cost $25,077) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.7% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $771 on 07/01/2011. Collateralized by U.S. Government Obligations, 1.75%, due 05/31/2016, with a total value of $790. | $ | 771 | 771 | |||||
Total Repurchase Agreement (cost $771) | ||||||||
Total Investment Securities (cost $144,021) # | 145,477 | |||||||
Other Assets and Liabilities — Net | (29,154 | ) | ||||||
Net Assets | $ | 116,323 | ||||||
Principal | Value | |||||||
SECURITIES SOLD SHORT — (3.3%) | ||||||||
U.S. Government Agency Obligations — (3.3%) | ||||||||
Fannie Mae, TBA | ||||||||
4.00% | $ | (1,400 | ) | $ | (1,458 | ) | ||
4.50% | (1,000 | ) | (1,035 | ) | ||||
Freddie Mac, TBA | ||||||||
4.00% | (600 | ) | (624 | ) | ||||
4.50% | (700 | ) | (723 | ) | ||||
Total Securities Sold Short (proceeds $(3,850)) | (3,840 | ) | ||||||
Notional | ||||||||
Amount | Value | |||||||
WRITTEN-OPTIONS - 0.0% ∞ | ||||||||
Call Options - 0.0% ∞ | ||||||||
30-Year U.S. Treasury Note Future | (3 | ) | (5 | ) | ||||
Call Strike $124.00 | ||||||||
Expires 08/26/2011 | ||||||||
Put Options - 0.0% ∞ | ||||||||
30-Year U.S. Treasury Note Future | (3 | ) | (8 | ) | ||||
Put Strike $124.00 | ||||||||
Expires 08/26/2011 | ||||||||
Eurodollar, Mid-Curve 1-Year Future | (58 | ) | t | |||||
Put Strike $97.75 | ||||||||
Expires 09/16/2011 | ||||||||
Total Written Options (Premiums: $(24)) | (13 | ) | ||||||
Net Unrealized | |||||||||||||||||
Appreciation | |||||||||||||||||
Description | Type | Contracts ┌ | Expiration Date | (Depreciation) | |||||||||||||
10-Year U.S. Treasury Note | Long | 4 | 09/21/2011 | $ | (2 | ) | |||||||||||
2-Year U.S. Treasury Note | Short | (26 | ) | 09/30/2011 | 3 | ||||||||||||
30-Year U.S. Treasury Bond | Long | 15 | 09/21/2011 | (32 | ) | ||||||||||||
5-Year U.S. Treasury Note | Short | (2 | ) | 09/30/2011 | t | ||||||||||||
90-Day Eurodollar | Long | 18 | 12/19/2011 | 22 | |||||||||||||
S&P 500 E-Mini Index | Long | 5 | 09/16/2011 | 11 | |||||||||||||
Ultra Long U.S. Treasury Bond | Long | 8 | 09/21/2011 | (2 | ) | ||||||||||||
$ | t | ||||||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 45
At June 30, 2011
(all amounts in thousands)
(unaudited)
* | Floating or variable rate note. Rate is listed as of 06/30/2011. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $24,516. | |
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 $50, or 0.04% of the fund’s net assets. | |
Ž | These securities have a perpetual maturity. The date shown is the next call date. | |
Џ | In default. | |
Ώ | Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. | |
‡ | Non-income producing security. | |
∞ | Percentage rounds to less than 0.1%. | |
g | All or a portion of this security in the amount of $65 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
Є | Cash in the amount of $30 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
♦ | Value is less than $1 or zero. | |
┌ | Contracts amounts are not in thousands. | |
# | Aggregate cost for federal income tax purposes is $144,021. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $7,019 and $5,563, respectively. Net unrealized appreciation for tax purposes is $1,456. | |
§ | Illiquid. At 06/30/2011, illiquid investment security aggregated to less than $1, or less than 0.01%, of the portfolio’s net assets. |
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 06/30/2011, these securities aggregated $7,270, or 6.25%, of the fund’s net assets. | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 2,741 | $ | — | $ | 2,741 | ||||||||
Common Stocks | 67,572 | 2,338 | — | 69,910 | ||||||||||||
Corporate Debt Securities | — | 15,327 | t | 15,327 | ||||||||||||
Foreign Government Obligations | — | 890 | — | 890 | ||||||||||||
Mortgage-Backed Securities | — | 6,679 | — | 6,679 | ||||||||||||
Municipal Government Obligations | — | 106 | — | 106 | ||||||||||||
Preferred Corporate Debt Securities | — | 182 | — | 182 | ||||||||||||
Preferred Stocks | 69 | — | — | 69 | ||||||||||||
Purchased Options | 22 | — | — | 22 | ||||||||||||
Repurchase Agreement | — | 771 | — | 771 | ||||||||||||
Securities Lending Collateral | 25,077 | — | — | 25,077 | ||||||||||||
U.S. Government Agency Obligations | — | 22,710 | — | 22,710 | ||||||||||||
U.S. Government Obligations | — | 930 | — | 930 | ||||||||||||
Warrants | 63 | — | — | 63 | ||||||||||||
Total | $ | 92,803 | $ | 52,674 | $ | t | $ | 145,477 | ||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 46
At June 30, 2011
(all amounts in thousands)
(unaudited)
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Securities Sold Short | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (3,840 | ) | $ | — | $ | (3,840 | ) |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Other Financial Instruments | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Written Options | $ | — | $ | (13 | ) | $ | — | $ | (13 | ) |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Total at | |||||||||||||
Other Financial Instruments Ғ | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Futures Contracts — Appreciation | $ | 36 | $ | — | $ | — | $ | 36 | ||||||||
Futures Contracts — Depreciation | (36 | ) | — | — | (36 | ) | ||||||||||
Total | $ | 0 | $ | — | $ | — | $ | 0 | ||||||||
Net Change in | ||||||||||||||||||||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||||||||||||||||||||
Appreciation/ | ||||||||||||||||||||||||||||||||||||||||
(Depreciation) | ||||||||||||||||||||||||||||||||||||||||
Net Change in | on | |||||||||||||||||||||||||||||||||||||||
Beginning | Accrued | Total | Unrealized | Transfers | Ending | Investments | ||||||||||||||||||||||||||||||||||
Balance at | Discounts/ | Realized | Appreciation | Transfers | out of Level | Balance at | Held at | |||||||||||||||||||||||||||||||||
Securities | 12/31/2010 | Purchases | Sales | (Premiums) | Gain/(Loss) | /(Depreciation) | into Level 3 | 3 φ | 06/30/2011 | 06/30/2011 | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | t | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | t | $ | t | $ | — |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
Ғ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. | |
φ | Transferred out of Level 3 because of availability of observable inputs. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 47
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.2% | ||||||||
Aerospace & Defense - 2.9% | ||||||||
General Dynamics Corp. | 72,700 | $ | 5,418 | |||||
Lockheed Martin Corp. ^ | 80,500 | 6,518 | ||||||
Northrop Grumman Corp. ^ | 154,200 | 10,694 | ||||||
Raytheon Co. ^ | 138,100 | 6,884 | ||||||
Auto Components - 0.8% | ||||||||
Goodyear Tire & Rubber Co. ‡ | 482,000 | 8,083 | ||||||
Biotechnology - 0.8% | ||||||||
Biogen Idec, Inc. ‡ | 41,400 | 4,427 | ||||||
Gilead Sciences, Inc. ‡ | 92,500 | 3,830 | ||||||
Capital Markets - 3.4% | ||||||||
Ameriprise Financial, Inc. ^ | 149,000 | 8,594 | ||||||
Franklin Resources, Inc. | 84,100 | 11,041 | ||||||
Goldman Sachs Group, Inc. | 106,900 | 14,228 | ||||||
Chemicals - 1.3% | ||||||||
Cabot Corp. | 166,300 | 6,631 | ||||||
Huntsman Corp. | 243,100 | 4,582 | ||||||
Newmarket Corp. ^ | 13,300 | 2,270 | ||||||
Commercial Banks - 8.2% | ||||||||
Fifth Third Bancorp | 694,900 | 8,860 | ||||||
Huntington Bancshares, Inc. | 978,400 | 6,418 | ||||||
KeyCorp | 1,056,300 | 8,799 | ||||||
PNC Financial Services Group, Inc. ^ | 235,600 | 14,044 | ||||||
U.S. Bancorp | 467,800 | 11,934 | ||||||
Wells Fargo & Co. | 1,069,900 | 30,021 | ||||||
Communications Equipment - 1.0% | ||||||||
Cisco Systems, Inc. | 411,100 | 6,417 | ||||||
Research In Motion, Ltd. ‡ | 111,200 | 3,208 | ||||||
Construction & Engineering - 0.7% | ||||||||
KBR, Inc. | 184,900 | 6,969 | ||||||
Consumer Finance - 2.3% | ||||||||
Capital One Financial Corp. | 252,700 | 13,057 | ||||||
Discover Financial Services | 357,400 | 9,560 | ||||||
Diversified Consumer Services - 0.7% | ||||||||
Apollo Group, Inc. — Class A ‡ | 161,600 | 7,059 | ||||||
Diversified Financial Services - 5.3% | ||||||||
Bank of America Corp. ^ | 548,800 | 6,015 | ||||||
Citigroup, Inc. | 229,100 | 9,540 | ||||||
JPMorgan Chase & Co. | 823,700 | 33,721 | ||||||
NASDAQ OMX Group ‡ | 142,000 | 3,593 | ||||||
Diversified Telecommunication Services - 4.0% | ||||||||
AT&T, Inc. | 597,400 | 18,764 | ||||||
Verizon Communications, Inc. | 579,700 | 21,583 | ||||||
Electric Utilities - 3.9% | ||||||||
Edison International ^ | 309,000 | 11,974 | ||||||
Entergy Corp. ^ | 143,000 | 9,764 | ||||||
Exelon Corp. | 198,900 | 8,521 | ||||||
NV Energy, Inc. ^ | 538,000 | 8,258 | ||||||
Electronic Equipment & Instruments - 0.4% | ||||||||
Avnet, Inc. ‡ | 134,200 | 4,278 | ||||||
Food & Staples Retailing - 4.3% | ||||||||
CVS Caremark Corp. | 230,200 | 8,651 | ||||||
Kroger Co. | 448,100 | 11,112 | ||||||
Safeway, Inc. ^ | 396,100 | 9,257 | ||||||
Walgreen Co. | 235,000 | 9,978 | ||||||
Wal-Mart Stores, Inc. | 81,700 | 4,342 | ||||||
Health Care Providers & Services - 7.2% | ||||||||
Aetna, Inc. | 248,900 | 10,974 | ||||||
AmerisourceBergen Corp. — Class A | 143,100 | 5,924 | ||||||
Cardinal Health, Inc. | 220,100 | 9,997 | ||||||
Health Net, Inc. ‡ | 246,000 | 7,894 | ||||||
Humana, Inc. | 54,900 | 4,422 | ||||||
UnitedHealth Group, Inc. | 372,200 | 19,198 | ||||||
WellPoint, Inc. | 167,500 | 13,194 | ||||||
Household Durables - 0.6% | ||||||||
Whirlpool Corp. | 75,900 | 6,172 | ||||||
Household Products - 1.5% | ||||||||
Procter & Gamble Co. | 229,400 | 14,583 | ||||||
Independent Power Producers & Energy Traders - 1.0% | ||||||||
Constellation Energy Group, Inc. | 252,100 | 9,570 | ||||||
Industrial Conglomerates - 1.7% | ||||||||
General Electric Co. | 869,100 | 16,391 | ||||||
Insurance - 6.0% | ||||||||
ACE, Ltd. | 155,500 | 10,235 | ||||||
Aflac, Inc. ^ | 73,800 | 3,445 | ||||||
Assurant, Inc. | 189,500 | 6,873 | ||||||
Chubb Corp. | 208,800 | 13,073 | ||||||
Hartford Financial Services Group, Inc. | 146,600 | 3,866 | ||||||
Lincoln National Corp. | 135,800 | 3,869 | ||||||
Torchmark Corp. ^ | 70,100 | 4,496 | ||||||
Travelers Cos., Inc. | 214,000 | 12,493 | ||||||
IT Services - 1.2% | ||||||||
Fidelity National Information Services, Inc. ^ | 124,700 | 3,840 | ||||||
International Business Machines Corp. | 25,000 | 4,288 | ||||||
SAIC, Inc. ‡ | 225,600 | 3,795 | ||||||
Machinery - 1.2% | ||||||||
Gardner Denver, Inc. ^ | 79,900 | 6,716 | ||||||
Oshkosh Corp. ‡ | 189,500 | 5,484 | ||||||
Media - 4.9% | ||||||||
CBS Corp. — Class B | 234,400 | 6,678 | ||||||
Comcast Corp. — Class A ^ | 355,800 | 9,016 | ||||||
DIRECTV — Class A ‡ ^ | 221,400 | 11,253 | ||||||
McGraw-Hill Cos., Inc. | 111,200 | 4,660 | ||||||
Time Warner Cable, Inc. | 50,300 | 3,925 | ||||||
Time Warner, Inc. | 106,800 | 3,884 | ||||||
Viacom, Inc. — Class B | 176,500 | 9,002 | ||||||
Metals & Mining - 1.1% | ||||||||
Freeport-McMoRan Copper & Gold, Inc. | 208,400 | 11,024 | ||||||
Multiline Retail - 0.9% | ||||||||
Dillard’s, Inc. — Class A ^ | 73,400 | 3,827 | ||||||
Macy’s, Inc. | 181,400 | 5,304 | ||||||
Multi-Utilities - 1.6% | ||||||||
Public Service Enterprise Group, Inc. | 366,200 | 11,953 | ||||||
Sempra Energy | 78,500 | 4,151 | ||||||
Oil, Gas & Consumable Fuels - 13.0% | ||||||||
Chevron Corp. | 379,600 | 39,038 | ||||||
ConocoPhillips | 286,600 | 21,549 | ||||||
Exxon Mobil Corp. | 118,700 | 9,660 | ||||||
Hess Corp. | 166,400 | 12,440 | ||||||
Holly Corp. ^ | 81,000 | 5,621 | ||||||
Marathon Oil Corp. | 270,000 | 14,224 | ||||||
Murphy Oil Corp. | 160,700 | 10,552 | ||||||
Tesoro Corp. ‡ ^ | 170,800 | 3,913 | ||||||
Valero Energy Corp. | 427,300 | 10,926 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 48
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Paper & Forest Products - 0.5% | ||||||||
Domtar Corp. | 47,400 | $ | 4,490 | |||||
Personal Products - 0.9% | ||||||||
Herbalife, Ltd. | 158,200 | 9,119 | ||||||
Pharmaceuticals - 4.1% | ||||||||
Forest Laboratories, Inc. ‡ ^ | 260,300 | 10,240 | ||||||
Merck & Co., Inc. | 210,700 | 7,436 | ||||||
Pfizer, Inc. | 1,098,000 | 22,619 | ||||||
Real Estate Management & Development - 0.7% | ||||||||
Jones Lang Lasalle, Inc. | 77,100 | 7,271 | ||||||
Road & Rail - 1.6% | ||||||||
CSX Corp. ^ | 213,900 | 5,608 | ||||||
Ryder System, Inc. | 172,800 | 9,824 | ||||||
Semiconductors & Semiconductor Equipment - 2.2% | ||||||||
Intel Corp. | 976,800 | 21,646 | ||||||
Software - 3.2% | ||||||||
Activision Blizzard, Inc. | 592,700 | 6,923 | ||||||
CA, Inc. | 185,100 | 4,228 | ||||||
Microsoft Corp. | 424,400 | 11,035 | ||||||
Symantec Corp. ‡ | 459,200 | 9,055 | ||||||
Specialty Retail - 0.9% | ||||||||
AutoZone, Inc. ‡ | 14,100 | 4,157 | ||||||
TJX Cos., Inc. | 90,000 | 4,728 | ||||||
Textiles, Apparel & Luxury Goods - 1.1% | ||||||||
Coach, Inc. | 162,600 | 10,395 | ||||||
Tobacco - 0.4% | ||||||||
Philip Morris International, Inc. | 54,700 | 3,652 | ||||||
Wireless Telecommunication Services - 0.7% | ||||||||
MetroPCS Communications, Inc. ‡ | 383,400 | 6,598 | ||||||
Total Common Stocks (cost $833,844) | 971,313 | |||||||
SECURITIES LENDING COLLATERAL - 2.6% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 25,892,227 | 25,892 | ||||||
Total Securities Lending Collateral (cost $25,892) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.5% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $14,793 on 07/01/2011. Collateralized by a U.S. Government Agency Obligation, 4.00%, due 12/25/2038, with a value of $15,092. | $ | 14,793 | 14,793 | |||||
Total Repurchase Agreement (cost 14,793) | ||||||||
Total Investment Securities (cost $874,529) # | 1,011,998 | |||||||
Other Assets and Liabilities — Net | (22,680 | ) | ||||||
Net Assets | $ | 989,318 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $25,305. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $874,529. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $156,414 and $18,945, respectively. Net unrealized appreciation for tax purposes is $137,469. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 961,078 | $ | 10,235 | $ | — | $ | 971,313 | ||||||||
Repurchase Agreement | — | 14,793 | — | 14,793 | ||||||||||||
Securities Lending Collateral | 25,892 | — | — | 25,892 | ||||||||||||
Total | $ | 986,970 | $ | 25,028 | $ | — | $ | 1,011,998 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 49
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.3% | ||||||||
Aerospace & Defense - 3.5% | ||||||||
General Dynamics Corp.^ | 14,200 | $ | 1,058 | |||||
Lockheed Martin Corp.^ | 38,300 | 3,101 | ||||||
Northrop Grumman Corp.^ | 41,900 | 2,906 | ||||||
Raytheon Co. | 39,200 | 1,954 | ||||||
Auto Components - 0.7% | ||||||||
Goodyear Tire & Rubber Co. ‡ ^ | 110,900 | 1,860 | ||||||
Beverages - 0.4% | ||||||||
Constellation Brands, Inc. — Class A ‡ | 46,900 | 976 | ||||||
Biotechnology - 1.7% | ||||||||
Biogen Idec, Inc. ‡ | 22,400 | 2,395 | ||||||
Gilead Sciences, Inc. ‡ | 47,800 | 1,979 | ||||||
Capital Markets - 2.4% | ||||||||
Ameriprise Financial, Inc. | 45,800 | 2,642 | ||||||
Franklin Resources, Inc. ^ | 11,000 | 1,444 | ||||||
Goldman Sachs Group, Inc. | 16,500 | 2,196 | ||||||
Chemicals - 1.7% | ||||||||
Agrium, Inc. | 11,700 | 1,027 | ||||||
Eastman Chemical Co. ^ | 20,900 | 2,133 | ||||||
Lubrizol Corp. ^ | 9,900 | 1,329 | ||||||
Commercial Banks - 4.9% | ||||||||
Fifth Third Bancorp | 103,200 | 1,316 | ||||||
Huntington Bancshares, Inc. ^ | 152,800 | 1,002 | ||||||
KeyCorp ^ | 271,500 | 2,262 | ||||||
PNC Financial Services Group, Inc. | 52,400 | 3,124 | ||||||
Wells Fargo & Co. | 180,400 | 5,061 | ||||||
Communications Equipment - 0.5% | ||||||||
Research In Motion, Ltd. ‡ | 42,000 | 1,212 | ||||||
Computers & Peripherals - 2.8% | ||||||||
Apple, Inc. ‡ | 18,500 | 6,210 | ||||||
Dell, Inc. ‡ ^ | 73,200 | 1,220 | ||||||
Consumer Finance - 2.1% | ||||||||
Capital One Financial Corp. | 55,400 | 2,863 | ||||||
Discover Financial Services ^ | 101,700 | 2,720 | ||||||
Diversified Financial Services - 2.7% | ||||||||
Citigroup, Inc. | 21,300 | 887 | ||||||
JPMorgan Chase & Co. | 148,700 | 6,088 | ||||||
Diversified Telecommunication Services - 2.8% | ||||||||
AT&T, Inc. ^ | 71,200 | 2,236 | ||||||
Verizon Communications, Inc. | 135,800 | 5,057 | ||||||
Electric Utilities - 2.1% | ||||||||
Edison International ^ | 76,500 | 2,964 | ||||||
Entergy Corp. | 15,600 | 1,065 | ||||||
Exelon Corp. | 36,800 | 1,577 | ||||||
Food & Staples Retailing - 5.5% | ||||||||
CVS Caremark Corp. | 64,400 | 2,420 | ||||||
Kroger Co. | 123,300 | 3,058 | ||||||
Safeway, Inc. ^ | 104,900 | 2,452 | ||||||
Walgreen Co. ^ | 85,000 | 3,609 | ||||||
Wal-Mart Stores, Inc. ^ | 52,300 | 2,779 | ||||||
Health Care Providers & Services - 7.5% | ||||||||
Aetna, Inc. | 69,700 | 3,073 | ||||||
AmerisourceBergen Corp. — Class A | 65,100 | 2,695 | ||||||
Cardinal Health, Inc. | 54,700 | 2,484 | ||||||
CIGNA Corp. | 41,100 | 2,114 | ||||||
Humana, Inc. ^ | 13,600 | 1,095 | ||||||
McKesson Corp. | 12,400 | 1,037 | ||||||
UnitedHealth Group, Inc. | 76,500 | 3,947 | ||||||
WellPoint, Inc. ^ | 40,700 | 3,206 | ||||||
Household Products - 2.3% | ||||||||
Procter & Gamble Co. | 95,100 | 6,046 | ||||||
Independent Power Producers & Energy Traders - 0.5% | ||||||||
Constellation Energy Group, Inc. | 33,600 | 1,275 | ||||||
Industrial Conglomerates - 1.5% | ||||||||
General Electric Co. | 212,400 | 4,006 | ||||||
Insurance - 2.4% | ||||||||
ACE, Ltd. ^ | 19,200 | 1,264 | ||||||
Aflac, Inc. | 22,100 | 1,032 | ||||||
Chubb Corp. ^ | 30,800 | 1,928 | ||||||
Hartford Financial Services Group, Inc. ^ | 40,400 | 1,065 | ||||||
Travelers Cos., Inc. | 17,400 | 1,016 | ||||||
IT Services - 4.9% | ||||||||
Fidelity National Information Services, Inc. ^ | 63,800 | 1,964 | ||||||
International Business Machines Corp. | 43,000 | 7,377 | ||||||
Mastercard, Inc. — Class A | 3,700 | 1,115 | ||||||
Visa, Inc. — Class A | 27,500 | 2,317 | ||||||
Machinery - 1.7% | ||||||||
Caterpillar, Inc. ^ | 18,600 | 1,980 | ||||||
Cummins, Inc. | 13,700 | 1,418 | ||||||
Dover Corp. ^ | 15,900 | 1,078 | ||||||
Media - 6.4% | ||||||||
CBS Corp. — Class B ^ | 43,300 | 1,234 | ||||||
Comcast Corp. — Class A | 61,500 | 1,558 | ||||||
DIRECTV — Class A‡ ^ | 73,600 | 3,740 | ||||||
McGraw-Hill Cos., Inc. | 45,000 | 1,886 | ||||||
Time Warner, Inc. ^ | 93,600 | 3,404 | ||||||
Time Warner Cable, Inc. | 28,500 | 2,224 | ||||||
Viacom, Inc. — Class B | 52,700 | 2,688 | ||||||
Metals & Mining - 1.9% | ||||||||
Freeport-McMoRan Copper & Gold, Inc. | 65,200 | 3,450 | ||||||
Teck Resources, Ltd. — Class B | 27,500 | 1,395 | ||||||
Multiline Retail - 0.4% | ||||||||
JC Penney Co., Inc. ^ | 29,500 | 1,019 | ||||||
Multi-Utilities - 0.5% | ||||||||
Public Service Enterprise Group, Inc. ^ | 40,500 | 1,322 | ||||||
Oil, Gas & Consumable Fuels - 13.1% | ||||||||
Chevron Corp. | 70,300 | 7,230 | ||||||
ConocoPhillips | 67,800 | 5,098 | ||||||
Exxon Mobil Corp. | 122,800 | 9,992 | ||||||
Hess Corp. ^ | 28,100 | 2,101 | ||||||
Marathon Oil Corp. | 68,500 | 3,609 | ||||||
Murphy Oil Corp. | 36,400 | 2,390 | ||||||
Tesoro Corp. ‡ ^ | 62,700 | 1,436 | ||||||
Valero Energy Corp. | 96,500 | 2,468 | ||||||
Personal Products - 0.4% | ||||||||
Estee Lauder Cos., Inc. — Class A | 11,000 | 1,157 | ||||||
Pharmaceuticals - 2.6% | ||||||||
Forest Laboratories, Inc.‡ ^ | 62,600 | 2,463 | ||||||
Merck & Co., Inc. | 31,300 | 1,105 | ||||||
Pfizer, Inc. | 160,800 | 3,312 | ||||||
Road & Rail - 2.1% | ||||||||
CSX Corp. | 61,800 | 1,620 | ||||||
Ryder System, Inc. | 27,600 | 1,569 | ||||||
Union Pacific Corp. | 22,000 | 2,297 | ||||||
Semiconductors & Semiconductor Equipment - 3.0% | ||||||||
Intel Corp. ^ | 223,300 | 4,948 | ||||||
LSI Corp. ‡ ^ | 261,200 | 1,860 | ||||||
Texas Instruments, Inc. | 30,000 | 985 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 50
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Software - 6.4% | ||||||||
Activision Blizzard, Inc. | 111,200 | $ | 1,299 | |||||
Adobe Systems, Inc. ‡ | 32,300 | 1,016 | ||||||
CA, Inc. ^ | 103,800 | 2,371 | ||||||
Microsoft Corp. | 269,700 | 7,012 | ||||||
Oracle Corp. | 61,800 | 2,034 | ||||||
Symantec Corp. ‡ | 148,000 | 2,919 | ||||||
Specialty Retail - 2.2% | ||||||||
AutoZone, Inc. ‡ ^ | 6,600 | 1,946 | ||||||
Bed Bath & Beyond, Inc. ‡ | 17,700 | 1,033 | ||||||
TJX Cos., Inc. | 53,700 | 2,821 | ||||||
Textiles, Apparel & Luxury Goods - 1.7% | ||||||||
Coach, Inc. | 51,500 | 3,292 | ||||||
Fossil, Inc. ‡ ^ | 10,200 | 1,201 | ||||||
Tobacco - 1.6% | ||||||||
Philip Morris International, Inc. | 62,000 | 4,140 | ||||||
Trading Companies & Distributors - 1.0% | ||||||||
WW Grainger, Inc. ^ | 16,700 | 2,566 | ||||||
Wireless Telecommunication Services - 0.4% | ||||||||
MetroPCS Communications, Inc. ‡ ^ | 59,700 | 1,027 | ||||||
Total Common Stocks (cost $220,029) | 256,951 | |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 17.5% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 45,815,954 | $ | 45,816 | |||||
Total Securities Lending Collateral (cost $45,816) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.8% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $4,768 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $4,868. | $ | 4,768 | 4,768 | |||||
Total Repurchase Agreement (cost $4,768) | ||||||||
Total Investment Securities (cost $270,613) # | 307,535 | |||||||
Other Assets and Liabilities — Net | (46,051 | ) | ||||||
Net Assets | $ | 261,484 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $44,736. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $270,613. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $40,906 and $3,984, respectively. Net unrealized appreciation for tax purposes is $36,922. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 255,687 | $ | 1,264 | $ | — | $ | 256,951 | ||||||||
Repurchase Agreement | — | 4,768 | — | 4,768 | ||||||||||||
Securities Lending Collateral | 45,816 | — | — | 45,816 | ||||||||||||
Total | $ | 301,503 | $ | 6,032 | $ | — | $ | 307,535 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 51
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.3% | ||||||||
Aerospace & Defense - 3.9% | ||||||||
Boeing Co. ^ | 202,643 | $ | 14,982 | |||||
Honeywell International, Inc. | 131,654 | 7,845 | ||||||
Precision Castparts Corp. | 75,392 | 12,413 | ||||||
United Technologies Corp. | 105,951 | 9,378 | ||||||
Air Freight & Logistics - 0.2% | ||||||||
CH Robinson Worldwide, Inc.^ | 32,093 | 2,530 | ||||||
Auto Components - 0.7% | ||||||||
BorgWarner, Inc. ‡ ^ | 97,374 | 7,867 | ||||||
Automobiles - 0.8% | ||||||||
Bayerische Motoren Werke AG ADR | 215,906 | 7,135 | ||||||
Ford Motor Co. ‡ | 184,248 | 2,541 | ||||||
Biotechnology - 1.8% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ ^ | 12,094 | 569 | ||||||
Amgen, Inc. ‡ ^ | 136,630 | 7,972 | ||||||
Celgene Corp. ‡ | 157,000 | 9,471 | ||||||
Vertex Pharmaceuticals, Inc. ‡ | 62,461 | 3,247 | ||||||
Capital Markets - 0.6% | ||||||||
Charles Schwab Corp. ^ | 170,366 | 2,803 | ||||||
Goldman Sachs Group, Inc. | 32,770 | 4,361 | ||||||
Chemicals - 2.2% | ||||||||
E.I. du Pont de Nemours & Co. ^ | 152,504 | 8,243 | ||||||
Monsanto Co. | 170,660 | 12,380 | ||||||
Sherwin-Williams Co. ^ | 57,146 | 4,793 | ||||||
Communications Equipment - 3.9% | ||||||||
Alcatel-Lucent ADR ‡ ^ | 278,365 | 1,606 | ||||||
Cisco Systems, Inc. | 1,266,951 | 19,777 | ||||||
Emulex Corp. ‡ ^ | 305,782 | 2,630 | ||||||
Juniper Networks, Inc. ‡ | 295,610 | 9,312 | ||||||
QUALCOMM, Inc. | 160,070 | 9,090 | ||||||
Riverbed Technology, Inc. ‡ ^ | 59,700 | 2,364 | ||||||
Computers & Peripherals - 9.7% | ||||||||
Apple, Inc. ‡ | 146,092 | 49,038 | ||||||
Dell, Inc. ‡ | 367,784 | 6,131 | ||||||
EMC Corp. ‡ | 1,243,596 | 34,261 | ||||||
NetApp, Inc. ‡ | 262,440 | 13,852 | ||||||
QLogic Corp. ‡ ^ | 584,797 | 9,310 | ||||||
Consumer Finance - 1.4% | ||||||||
American Express Co. | 299,870 | 15,503 | ||||||
Diversified Consumer Services - 1.0% | ||||||||
Apollo Group, Inc. — Class A‡ | 99,549 | 4,348 | ||||||
ITT Educational Services, Inc. ‡ ^ | 86,015 | 6,730 | ||||||
Electrical Equipment - 0.4% | ||||||||
Emerson Electric Co. | 77,150 | 4,340 | ||||||
Energy Equipment & Services - 3.4% | ||||||||
Baker Hughes, Inc. | 51,289 | 3,722 | ||||||
Cameron International Corp. ‡ | 99,115 | 4,984 | ||||||
Core Laboratories NV | 7,277 | 812 | ||||||
Diamond Offshore Drilling, Inc.^ | 89,333 | 6,290 | ||||||
National Oilwell Varco, Inc. | 48,255 | 3,774 | ||||||
Oceaneering International, Inc. | 80,950 | 3,278 | ||||||
Schlumberger, Ltd. | 196,783 | 17,002 | ||||||
Food & Staples Retailing - 1.6% | ||||||||
Costco Wholesale Corp. | 113,613 | 9,230 | ||||||
Whole Foods Market, Inc.^ | 139,795 | 8,870 | ||||||
Food Products - 0.9% | ||||||||
Green Mountain Coffee Roasters, Inc. ‡ | 32,484 | 2,900 | ||||||
Kraft Foods, Inc. — Class A ^ | 42,726 | 1,505 | ||||||
Mead Johnson Nutrition Co. — Class A | 96,701 | 6,532 | ||||||
Health Care Equipment & Supplies - 0.8% | ||||||||
Hologic, Inc. ‡ | 243,235 | 4,906 | ||||||
Intuitive Surgical, Inc. ‡ ^ | 10,274 | 3,823 | ||||||
Stryker Corp. | 11,603 | 681 | ||||||
Health Care Providers & Services - 3.6% | ||||||||
AmerisourceBergen Corp. — Class A | 104,771 | 4,338 | ||||||
Cardinal Health, Inc. | 130,246 | 5,916 | ||||||
Express Scripts, Inc. ‡ ^ | 269,577 | 14,551 | ||||||
Laboratory Corp. of America Holdings‡ ^ | 48,560 | 4,700 | ||||||
UnitedHealth Group, Inc. | 237,344 | 12,242 | ||||||
Hotels, Restaurants & Leisure - 3.1% | ||||||||
Chipotle Mexican Grill, Inc. — Class A ‡^ | 29,693 | 9,151 | ||||||
Ctrip.com International, Ltd. ADR ‡ | 24,806 | 1,069 | ||||||
Marriott International, Inc. — Class A ^ | 202,688 | 7,193 | ||||||
McDonald’s Corp. | 33,924 | 2,860 | ||||||
Starbucks Corp. | 383,596 | 15,149 | ||||||
Industrial Conglomerates - 1.1% | ||||||||
General Electric Co. | 554,861 | 10,465 | ||||||
Tyco International, Ltd. | 47,915 | 2,368 | ||||||
Internet & Catalog Retail - 3.2% | ||||||||
Amazon.com, Inc. ‡ | 137,053 | 28,026 | ||||||
priceline.com, Inc. ‡ | 17,438 | 8,927 | ||||||
Internet Software & Services - 3.5% | ||||||||
Baidu, Inc. ADR ‡ | 83,437 | 11,692 | ||||||
eBay, Inc. ‡ | 101,027 | 3,260 | ||||||
Google, Inc. — Class A‡ | 25,919 | 13,125 | ||||||
IAC/InterActiveCorp ‡^ | 170,064 | 6,491 | ||||||
Mail.ru Group, Ltd. - 144A GDR ‡Ə | 40,593 | 1,317 | ||||||
Tencent Holdings, Ltd. | 140,367 | 3,835 | ||||||
Youku.com, Inc. ADR ‡^ | 26,715 | 918 | ||||||
IT Services - 5.7% | ||||||||
Cognizant Technology Solutions Corp. - Class A ‡ | 119,693 | 8,778 | ||||||
International Business Machines Corp. | 259,883 | 44,583 | ||||||
Mastercard, Inc. — Class A | 41,626 | 12,544 | ||||||
Life Sciences Tools & Services - 2.5% | ||||||||
Agilent Technologies, Inc. ‡ | 180,691 | 9,235 | ||||||
Bruker Corp. ‡ | 101,651 | 2,070 | ||||||
Illumina, Inc. ‡ ^ | 99,820 | 7,501 | ||||||
Waters Corp. ‡ ^ | 101,940 | 9,760 | ||||||
Machinery - 4.7% | ||||||||
Caterpillar, Inc. | 140,697 | 14,978 | ||||||
Cummins, Inc. ^ | 43,582 | 4,510 | ||||||
Deere & Co. | 77,484 | 6,389 | ||||||
Dover Corp. | 84,865 | 5,754 | ||||||
Illinois Tool Works, Inc. | 92,411 | 5,220 | ||||||
Ingersoll-Rand PLC ^ | 104,944 | 4,766 | ||||||
Joy Global, Inc. | 53,716 | 5,116 | ||||||
Parker Hannifin Corp. | 93,246 | 8,368 | ||||||
Media - 2.8% | ||||||||
DIRECTV — Class A ‡ | 83,754 | 4,256 | ||||||
News Corp. — Class A | 309,207 | 5,473 | ||||||
Omnicom Group, Inc. ^ | 185,030 | 8,911 | ||||||
Sirius XM Radio, Inc. ‡ ^ | 689,343 | 1,510 | ||||||
Walt Disney Co. | 308,257 | 12,034 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 52
At June 30, 2011
(all amounts except shares amount in thousands)
(unaudited)
Shares | Value | |||||||
Metals & Mining - 2.1% | ||||||||
Cliffs Natural Resources, Inc. | 50,346 | $ | 4,654 | |||||
Freeport-McMoRan Copper & Gold, Inc. | 49,465 | 2,617 | ||||||
Nucor Corp. ^ | 78,568 | 3,239 | ||||||
Rio Tinto PLC ADR | 68,243 | 4,935 | ||||||
Teck Resources, Ltd. — Class B | 90,037 | 4,568 | ||||||
Walter Energy, Inc. | 34,151 | 3,955 | ||||||
Oil, Gas & Consumable Fuels - 5.4% | ||||||||
Anadarko Petroleum Corp. | 120,826 | 9,275 | ||||||
BP PLC ADR | 90,853 | 4,024 | ||||||
Canadian Natural Resources, Ltd. | 132,478 | 5,546 | ||||||
Exxon Mobil Corp. | 143,089 | 11,645 | ||||||
Occidental Petroleum Corp. | 202,523 | 21,069 | ||||||
Petrohawk Energy Corp. ‡ | 79,988 | 1,973 | ||||||
Valero Energy Corp. | 315,052 | 8,056 | ||||||
Personal Products - 0.7% | ||||||||
Estee Lauder Cos., Inc. — Class A | 79,759 | 8,390 | ||||||
Pharmaceuticals - 3.0% | ||||||||
Abbott Laboratories | 45,024 | 2,369 | ||||||
Allergan, Inc. | 104,769 | 8,722 | ||||||
Novo Nordisk A/S ADR | 55,589 | 6,964 | ||||||
Pfizer, Inc. | 314,439 | 6,477 | ||||||
Shire PLC ADR ^ | 105,300 | 9,921 | ||||||
Road & Rail - 0.6% | ||||||||
Union Pacific Corp. | 62,308 | 6,505 | ||||||
Semiconductors & Semiconductor Equipment - 5.0% | ||||||||
Altera Corp. | 524,563 | 24,313 | ||||||
Analog Devices, Inc. | 160,338 | 6,276 | ||||||
ARM Holdings PLC ADR ^ | 79,911 | 2,272 | ||||||
Atmel Corp. ‡ ^ | 228,294 | 3,212 | ||||||
Avago Technologies, Ltd. | 135,839 | 5,162 | ||||||
Broadcom Corp. — Class A ‡ | 84,246 | 2,834 | ||||||
Intersil Corp. — Class A ^ | 413,334 | 5,311 | ||||||
Memc Electronic Materials, Inc. ‡ | 185,670 | 1,584 | ||||||
Xilinx, Inc. ^ | 199,702 | 7,283 | ||||||
Software - 9.7% | ||||||||
Adobe Systems, Inc. ‡ | 135,474 | 4,261 | ||||||
Autodesk, Inc. ‡ | 122,874 | 4,743 | ||||||
BMC Software, Inc. ‡ | 90,362 | 4,943 | ||||||
Check Point Software Technologies, Ltd. ‡ ^ | 87,146 | 4,954 | ||||||
Citrix Systems, Inc. ‡ | 76,101 | 6,088 | ||||||
Longtop Financial Technologies, Ltd. ADR ‡^ Ə § | 35,836 | 678 | ||||||
Microsoft Corp. | 667,909 | 17,366 | ||||||
Oracle Corp. | 1,111,213 | 36,571 | ||||||
Red Hat, Inc. ‡ | 185,077 | 8,495 | ||||||
Salesforce.com, Inc. ‡ ^ | 77,690 | 11,574 | ||||||
Successfactors, Inc. ‡ ^ | 48,204 | 1,417 | ||||||
VMware, Inc. — Class A ‡ | 105,632 | 10,587 | ||||||
Specialty Retail - 2.2% | ||||||||
Advance Auto Parts, Inc. ^ | 36,054 | 2,109 | ||||||
Bed Bath & Beyond, Inc. ‡ | 82,962 | 4,842 | ||||||
Buckle, Inc.^ | 35,849 | 1,531 | ||||||
Ross Stores, Inc. | 61,909 | 4,960 | ||||||
Tiffany & Co. ^ | 83,596 | 6,564 | ||||||
TJX Cos., Inc. | 69,610 | 3,657 | ||||||
Urban Outfitters, Inc. ‡ ^ | 81,607 | 2,297 | ||||||
Textiles, Apparel & Luxury Goods - 5.0% | ||||||||
Burberry Group PLC | 232,400 | 5,404 | ||||||
Coach, Inc. | 207,040 | 13,236 | ||||||
Deckers Outdoor Corp. ‡ ^ | 19,122 | 1,685 | ||||||
Fossil, Inc. ‡ | 5,911 | 696 | ||||||
Lululemon Athletica, Inc. ‡ ^ | 51,737 | 5,785 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 35,120 | 6,311 | ||||||
Nike, Inc. — Class B | 126,872 | 11,416 | ||||||
Polo Ralph Lauren Corp. — Class A^ | 101,213 | 13,423 | ||||||
Wireless Telecommunication Services - 1.1% | ||||||||
American Tower Corp. — Class A‡ | 149,057 | 7,800 | ||||||
Vodafone Group PLC ADR | 204,708 | 5,470 | ||||||
Total Common Stocks (cost $939,969) | 1,136,494 | |||||||
SECURITIES LENDING COLLATERAL - 8.1% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 93,205,260 | 93,205 | ||||||
Total Securities Lending Collateral (cost $93,205) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.2% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $14,352 on 07/01/2011. Collateralized by a U.S. Government Agency Obligation and a U.S. Government Obligation, 1.75% - 4.00%, due 5/31/2016 - 12/25/2038, with a total value of $14,648. | $ | 14,352 | 14,352 | |||||
Total Repurchase Agreement (cost $14,352) | ||||||||
Total Investment Securities (cost $1,047,526) # | 1,244,051 | |||||||
Other Assets and Liabilities — Net | (87,518 | ) | ||||||
Net Assets | $ | 1,156,533 | ||||||
NOTES TO SCHEDULE OF INVESTMENTS: | ||
^ | All or a portion of this security is on loan. The value of all securities on loan is $91,112. | |
‡ | Non-income producing security. | |
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 $1,995, or 0.17% of the portfolio’s net assets. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $1,047,526. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $217,011 and $20,486, respectively. Net unrealized appreciation for tax purposes is $196,525. | |
§ | Illiquid. At 06/30/2011, illiquid investment security aggregated to $678, or 0.06%, of the portfolio’s net assets. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 53
At June 30, 2011
(all amounts in thousands)
(unaudited)
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. This security is 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 06/30/2011, this security aggregated $1,317, or 0.11%, of the fund’s net assets. | |
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 1,062,394 | $ | 73,422 | $ | 678 | $ | 1,136,494 | ||||||||
Repurchase Agreement | — | 14,352 | — | 14,352 | ||||||||||||
Securities Lending Collateral | 93,205 | — | — | 93,205 | ||||||||||||
Total | $ | 1,155,599 | $ | 87,774 | $ | 678 | $ | 1,244,051 | ||||||||
Net Change in | ||||||||||||||||||||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||||||||||||||||||||
Net Change in | Appreciation/ | |||||||||||||||||||||||||||||||||||||||
Beginning | Accrued | Total | Unrealized | Transfers | Transfers | Ending | (Depreciation) on | |||||||||||||||||||||||||||||||||
Balance at | Discounts/ | Realized | Appreciation | into Level | out of Level | Balance at | Investments Held | |||||||||||||||||||||||||||||||||
Securities | 12/31/2010 | Purchases | Sales | (Premiums) | Gain/(Loss) | /(Depreciation) ƒ | 3 ¥ | 3 | 06/30/2011 | at 06/30/2011 ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 678 | $ | — | $ | 678 | $ | (511 | ) |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
¥ | Transferred into Level 3 because of unavailability of observable inputs. | |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 6/30/2011 may be due to an investment no longer held or categorized as Level 3 at period end. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 54
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 96.8% | ||||||||
Aerospace & Defense - 0.8% | ||||||||
Alliant Techsystems, Inc. | 51,000 | $ | 3,638 | |||||
L-3 Communications Holdings, Inc. | 36,400 | 3,183 | ||||||
Auto Components - 0.8% | ||||||||
Visteon Corp. ‡ | 106,100 | 7,258 | ||||||
Beverages - 1.4% | ||||||||
Brown-Forman Corp. — Class B | 39,000 | 2,913 | ||||||
Coca-Cola Enterprises, Inc. | 235,800 | 6,880 | ||||||
Dr. Pepper Snapple Group, Inc. | 64,200 | 2,692 | ||||||
Capital Markets - 3.6% | ||||||||
Ameriprise Financial, Inc. | 297,800 | 17,177 | ||||||
Invesco, Ltd. | 173,400 | 4,058 | ||||||
Northern Trust Corp. | 166,100 | 7,634 | ||||||
T. Rowe Price Group, Inc. | 68,200 | 4,115 | ||||||
Chemicals - 4.3% | ||||||||
Air Products & Chemicals, Inc. | 87,950 | 8,406 | ||||||
Airgas, Inc. | 118,200 | 8,279 | ||||||
Albemarle Corp. | 68,420 | 4,735 | ||||||
Ashland, Inc. | 116,300 | 7,515 | ||||||
Sherwin-Williams Co. | 62,000 | 5,200 | ||||||
Sigma-Aldrich Corp. ^ | 69,700 | 5,115 | ||||||
Commercial Banks - 5.8% | ||||||||
BancorpSouth, Inc. ^ | 42,600 | 529 | ||||||
BB&T Corp. | 72,600 | 1,949 | ||||||
City National Corp. ^ | 67,600 | 3,667 | ||||||
Comerica, Inc. | 249,000 | 8,608 | ||||||
Cullen/Frost Bankers, Inc. ^ | 51,700 | 2,939 | ||||||
Fifth Third Bancorp | 1,124,400 | 14,336 | ||||||
Huntington Bancshares, Inc. | 198,900 | 1,305 | ||||||
M&T Bank Corp. | 68,100 | 5,989 | ||||||
SunTrust Banks, Inc. | 398,100 | 10,271 | ||||||
Zions Bancorporation ^ | 103,600 | 2,487 | ||||||
Commercial Services & Supplies - 3.2% | ||||||||
Avery Dennison Corp. | 268,100 | 10,357 | ||||||
Republic Services, Inc. — Class A | 631,000 | 19,466 | ||||||
Communications Equipment - 1.7% | ||||||||
Motorola Solutions, Inc. ‡ | 339,750 | 15,642 | ||||||
Containers & Packaging - 2.2% | ||||||||
Ball Corp. | 188,700 | 7,257 | ||||||
Crown Holdings, Inc. ‡ | 122,400 | 4,752 | ||||||
Rock-Tenn Co. — Class A | 56,000 | 3,715 | ||||||
Silgan Holdings, Inc. | 90,900 | 3,724 | ||||||
Distributors - 0.5% | ||||||||
Genuine Parts Co. | 84,100 | 4,575 | ||||||
Diversified Telecommunication Services - 0.6% | ||||||||
CenturyLink, Inc. | 127,800 | 5,167 | ||||||
Electric Utilities - 3.7% | ||||||||
Edison International | 214,400 | 8,308 | ||||||
Northeast Utilities | 64,000 | 2,251 | ||||||
NV Energy, Inc. | 160,500 | 2,464 | ||||||
PPL Corp. | 318,400 | 8,860 | ||||||
Westar Energy, Inc. ^ | 208,300 | 5,605 | ||||||
Wisconsin Energy Corp. | 179,800 | 5,637 | ||||||
Electrical Equipment - 1.7% | ||||||||
AMETEK, Inc. | 108,400 | 4,867 | ||||||
Cooper Industries PLC — Class A | 72,200 | 4,308 | ||||||
Regal Beloit Corp. | 65,000 | 4,340 | ||||||
Roper Industries, Inc. ^ | 19,100 | 1,591 | ||||||
Electronic Equipment & Instruments - 2.8% | ||||||||
Amphenol Corp. — Class A | 74,500 | 4,022 | ||||||
Arrow Electronics, Inc. ‡ | 86,900 | 3,606 | ||||||
TE Connectivity, Ltd. | 470,200 | 17,285 | ||||||
Energy Equipment & Services - 2.3% | ||||||||
Baker Hughes, Inc. | 34,800 | 2,525 | ||||||
Cameron International Corp. ‡ | 201,600 | 10,139 | ||||||
Weatherford International, Ltd. ‡ | 431,700 | 8,094 | ||||||
Food & Staples Retailing - 1.0% | ||||||||
Kroger Co. | 193,400 | 4,797 | ||||||
Safeway, Inc. ^ | 198,900 | 4,648 | ||||||
Food Products - 2.2% | ||||||||
Hershey Co. | 37,200 | 2,115 | ||||||
JM Smucker Co. | 79,400 | 6,069 | ||||||
Mead Johnson Nutrition Co. — Class A | 94,900 | 6,410 | ||||||
Ralcorp Holdings, Inc. ‡ | 62,400 | 5,403 | ||||||
Gas Utilities - 2.2% | ||||||||
Energen Corp. | 157,221 | 8,883 | ||||||
EQT Corp. | 62,320 | 3,273 | ||||||
Oneok, Inc. | 108,200 | 8,008 | ||||||
Health Care Equipment & Supplies - 5.6% | ||||||||
Becton, Dickinson and Co. | 58,300 | 5,024 | ||||||
CareFusion Corp. ‡ | 161,800 | 4,396 | ||||||
Hospira, Inc. ‡ ^ | 204,100 | 11,564 | ||||||
St. Jude Medical, Inc. | 257,400 | 12,273 | ||||||
Stryker Corp. ^ | 149,600 | 8,780 | ||||||
Zimmer Holdings, Inc. ‡ | 141,700 | 8,955 | ||||||
Health Care Providers & Services - 3.9% | ||||||||
AmerisourceBergen Corp. — Class A | 98,400 | 4,074 | ||||||
CIGNA Corp. | 226,800 | 11,664 | ||||||
Coventry Health Care, Inc. ‡ | 102,900 | 3,753 | ||||||
HCA Holdings, Inc. ‡ | 77,800 | 2,567 | ||||||
Humana, Inc. | 60,080 | 4,839 | ||||||
Lincare Holdings, Inc. ^ | 228,250 | 6,681 | ||||||
VCA Antech, Inc. ‡ ^ | 80,900 | 1,715 | ||||||
Hotels, Restaurants & Leisure - 2.4% | ||||||||
Darden Restaurants, Inc. | 96,799 | 4,817 | ||||||
Intercontinental Hotels Group PLC ADR ^ | 338,500 | 6,997 | ||||||
Marriott International, Inc. — Class A | 92,566 | 3,285 | ||||||
Royal Caribbean Cruises, Ltd. ‡ | 81,040 | 3,050 | ||||||
Yum! Brands, Inc. | 56,100 | 3,099 | ||||||
Household Durables - 4.2% | ||||||||
Fortune Brands, Inc. | 125,300 | 7,990 | ||||||
Jarden Corp. ^ | 84,200 | 2,906 | ||||||
Mohawk Industries, Inc. ‡ ^ | 25,600 | 1,536 | ||||||
Newell Rubbermaid, Inc. | 430,500 | 6,793 | ||||||
Snap-On, Inc. | 85,306 | 5,330 | ||||||
Stanley Black & Decker, Inc. | 202,900 | 14,619 | ||||||
Household Products - 0.4% | ||||||||
Energizer Holdings, Inc. ‡ | 48,700 | 3,524 | ||||||
Industrial Conglomerates - 2.6% | ||||||||
Carlisle Cos., Inc. ^ | 90,100 | 4,436 | ||||||
Tyco International, Ltd. | 388,700 | 19,213 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 55
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Insurance - 7.1% | ||||||||
AON Corp. | 78,400 | $ | 4,022 | |||||
Arch Capital Group, Ltd. ‡ ^ | 68,300 | 2,180 | ||||||
Cincinnati Financial Corp. ^ | 80,400 | 2,346 | ||||||
Loews Corp. | 205,300 | 8,641 | ||||||
Old Republic International Corp. ^ | 325,900 | 3,829 | ||||||
OneBeacon Insurance Group, Ltd. — Class A ^ | 151,055 | 2,023 | ||||||
Principal Financial Group, Inc. | 91,200 | 2,774 | ||||||
Torchmark Corp. | 31,200 | 2,001 | ||||||
Transatlantic Holdings, Inc. | 131,800 | 6,460 | ||||||
Willis Group Holdings PLC ^ | 218,000 | 8,963 | ||||||
WR Berkley Corp. ^ | 184,600 | 5,988 | ||||||
XL Group PLC — Class A | 641,900 | 14,110 | ||||||
Internet & Catalog Retail - 0.4% | ||||||||
Expedia, Inc. ^ | 123,300 | 3,574 | ||||||
IT Services - 1.6% | ||||||||
Fidelity National Information Services, Inc. | 307,600 | 9,471 | ||||||
Western Union Co. | 267,900 | 5,366 | ||||||
Leisure Equipment & Products - 0.8% | ||||||||
Hasbro, Inc. | 158,600 | 6,967 | ||||||
Machinery - 2.5% | ||||||||
Dover Corp. | 161,100 | 10,923 | ||||||
Navistar International Corp. ‡ | 202,000 | 11,405 | ||||||
Media - 4.1% | ||||||||
Cablevision Systems Corp. — Class A | 142,760 | 5,169 | ||||||
CBS Corp. — Class B | 525,700 | 14,978 | ||||||
DISH Network Corp. — Class A ‡ ^ | 112,200 | 3,441 | ||||||
Gannett Co., Inc. ^ | 272,600 | 3,904 | ||||||
Omnicom Group, Inc. | 46,100 | 2,220 | ||||||
Viacom, Inc. — Class B | 137,000 | 6,987 | ||||||
Washington Post Co. — Class B | 2,600 | 1,089 | ||||||
Metals & Mining - 0.6% | ||||||||
Allegheny Technologies, Inc. | 87,700 | 5,566 | ||||||
Multiline Retail - 0.4% | ||||||||
Kohl’s Corp. | 67,060 | 3,354 | ||||||
Multi-Utilities - 3.2% | ||||||||
CMS Energy Corp. | 714,500 | 14,068 | ||||||
NSTAR ^ | 101,100 | 4,649 | ||||||
Sempra Energy | 72,400 | 3,829 | ||||||
Xcel Energy, Inc. | 259,300 | 6,301 | ||||||
Oil, Gas & Consumable Fuels - 4.1% | ||||||||
CVR Energy, Inc. ‡ ^ | 75,400 | 1,856 | ||||||
Devon Energy Corp. | 88,900 | 7,007 | ||||||
El Paso Corp. | 323,600 | 6,537 | ||||||
Kinder Morgan Management LLC | 27,182 | 1,783 | ||||||
Newfield Exploration Co. ‡ | 65,400 | 4,449 | ||||||
Plains Exploration & Production Co. ‡ | 164,100 | 6,255 | ||||||
Teekay Corp. ^ | 80,190 | 2,476 | ||||||
Williams Cos., Inc. | 212,800 | 6,437 | ||||||
Professional Services - 0.5% | ||||||||
Manpower, Inc. | 86,150 | 4,622 | ||||||
Real Estate Investment Trusts - 1.3% | ||||||||
HCP, Inc. | 82,400 | 3,023 | ||||||
Kimco Realty Corp. | 48,200 | 898 | ||||||
Regency Centers Corp. ^ | 90,200 | 3,966 | ||||||
Vornado Realty Trust | 44,437 | 4,141 | ||||||
Real Estate Management & Development - 0.4% | ||||||||
Brookfield Office Properties, Inc. | 169,400 | 3,266 | ||||||
Semiconductors & Semiconductor Equipment - 1.5% | ||||||||
Analog Devices, Inc. | 84,840 | 3,321 | ||||||
LSI Corp. ‡ | 1,392,200 | 9,912 | ||||||
Software - 3.5% | ||||||||
BMC Software, Inc. ‡ | 177,430 | 9,705 | ||||||
Jack Henry & Associates, Inc. | 151,100 | 4,535 | ||||||
Parametric Technology Corp. ‡ ^ | 282,350 | 6,474 | ||||||
Rovi Corp. ‡ ^ | 114,700 | 6,579 | ||||||
Synopsys, Inc. ‡ | 162,800 | 4,186 | ||||||
Specialty Retail - 2.9% | ||||||||
AutoZone, Inc. ‡ | 15,000 | 4,423 | ||||||
Bed Bath & Beyond, Inc. ‡ | 127,900 | 7,465 | ||||||
Gap, Inc. ^ | 256,000 | 4,634 | ||||||
Tiffany & Co. | 48,100 | 3,777 | ||||||
TJX Cos., Inc. | 108,700 | 5,710 | ||||||
Textiles, Apparel & Luxury Goods - 0.4% | ||||||||
Phillips-Van Heusen Corp. | 49,000 | 3,208 | ||||||
Thrifts & Mortgage Finance - 0.6% | ||||||||
Capitol Federal Financial, Inc. | 121,000 | 1,423 | ||||||
People’s United Financial, Inc. | 290,300 | 3,902 | ||||||
Water Utilities - 0.6% | ||||||||
American Water Works Co., Inc. | 198,400 | 5,843 | ||||||
Wireless Telecommunication Services - 0.4% | ||||||||
Telephone & Data Systems, Inc. (Special Shares) — Class L | 135,763 | 3,656 | ||||||
Total Common Stocks (cost $734,263) | 874,988 | |||||||
SECURITIES LENDING COLLATERAL - 7.8% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 70,439,350 | 70,439 | ||||||
Total Securities Lending Collateral (cost $70,439) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.6% | ||||||||
State Street Bank & Trust Co. 0.01%▲, dated 06/30/2011, to be repurchased at $23,378 on 07/01/2011. Collateralized by U.S. Government Agency Obligations, 3.50% - 4.00%, due 11/25/2038 - 12/25/2038, with a total value of $23,851. | $ | 23,378 | 23,378 | |||||
Total Repurchase Agreement (cost $23,378) | ||||||||
Total Investment Securities (cost $828,080) # | 968,805 | |||||||
Other Assets and Liabilities — Net | (64,901 | ) | ||||||
Net Assets | $ | 903,904 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 56
SCHEDULE OF INVESTMENTS (continued)
At June 30, 2011
(all amounts in thousands)
(unaudited)
^ | All or a portion of this security is on loan. The value of all securities on loan is $68,813. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $828,080. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $148,323 and $7,598, respectively. Net unrealized appreciation for tax purposes is $140,725. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 790,493 | $ | 84,495 | $ | — | $ | 874,988 | ||||||||
Repurchase Agreement | — | 23,378 | — | 23,378 | ||||||||||||
Securities Lending Collateral | 70,439 | — | — | 70,439 | ||||||||||||
Total | $ | 860,932 | $ | 107,873 | $ | — | $ | 968,805 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 57
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 99.2% | ||||||||
Aerospace & Defense - 2.0% | ||||||||
BE Aerospace, Inc. ‡ ^ | 124,440 | $ | 5,078 | |||||
Biotechnology - 1.5% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ | 79,160 | 3,723 | ||||||
Capital Markets - 1.3% | ||||||||
T. Rowe Price Group, Inc. ^ | 54,605 | 3,295 | ||||||
Chemicals - 4.0% | ||||||||
Albemarle Corp. ^ | 81,505 | 5,640 | ||||||
Eastman Chemical Co. | 44,745 | 4,567 | ||||||
Commercial Services & Supplies - 1.3% | ||||||||
Stericycle, Inc. ‡ ^ | 37,185 | 3,314 | ||||||
Communications Equipment - 4.6% | ||||||||
Acme Packet, Inc. ‡ ^ | 39,070 | 2,740 | ||||||
Alcatel-Lucent ADR ‡ ^ | 655,065 | 3,779 | ||||||
Ciena Corp. ‡ ^ | 121,155 | 2,227 | ||||||
JDS Uniphase Corp. ‡ ^ | 171,605 | 2,859 | ||||||
Computers & Peripherals - 1.3% | ||||||||
Teradata Corp. ‡ ^ | 55,100 | 3,317 | ||||||
Construction & Engineering - 1.8% | ||||||||
Chicago Bridge & Iron Co. NV — Class Y | 119,500 | 4,649 | ||||||
Diversified Consumer Services - 3.3% | ||||||||
Apollo Group, Inc. — Class A ‡ | 69,000 | 3,014 | ||||||
DeVry, Inc. | 92,565 | 5,473 | ||||||
Electrical Equipment - 7.5% | ||||||||
AMETEK, Inc. ^ | 94,680 | 4,251 | ||||||
Rockwell Automation, Inc. ^ | 60,535 | 5,252 | ||||||
Roper Industries, Inc. ^ | 63,485 | 5,288 | ||||||
Sensata Technologies Holding NV ‡ | 106,188 | 3,998 | ||||||
Energy Equipment & Services - 2.1% | ||||||||
McDermott International, Inc. ‡ | 273,105 | 5,410 | ||||||
Food & Staples Retailing - 2.3% | ||||||||
Whole Foods Market, Inc. ^ | 95,948 | 6,088 | ||||||
Food Products - 1.5% | ||||||||
Mead Johnson Nutrition Co. — Class A ^ | 55,245 | 3,732 | ||||||
Health Care Equipment & Supplies - 5.2% | ||||||||
Cooper Cos., Inc. ^ | 61,365 | 4,863 | ||||||
Edwards Lifesciences Corp. ‡ ^ | 53,235 | 4,641 | ||||||
St. Jude Medical, Inc. ^ | 79,470 | 3,789 | ||||||
Health Care Providers & Services - 1.6% | ||||||||
Humana, Inc. ^ | 49,985 | 4,026 | ||||||
Hotels, Restaurants & Leisure - 2.6% | ||||||||
Arcos Dorados Holdings, Inc. — Class A ^ | 70,130 | 1,479 | ||||||
Panera Bread Co. — Class A ‡^ | 39,915 | 5,016 | ||||||
Internet Software & Services - 2.0% | ||||||||
IAC/InterActiveCorp ‡ ^ | 135,240 | 5,162 | ||||||
IT Services - 3.9% | ||||||||
Gartner, Inc. ‡ ^ | 130,025 | 5,239 | ||||||
VeriFone Holdings, Inc. ‡ ^ | 105,505 | 4,679 | ||||||
Leisure Equipment & Products - 2.0% | ||||||||
Polaris Industries, Inc. | 44,645 | 4,963 | ||||||
Life Sciences Tools & Services - 5.3% | ||||||||
Agilent Technologies, Inc.‡ ^ | 80,080 | 4,093 | ||||||
Illumina, Inc. ‡ ^ | 69,430 | 5,217 | ||||||
Mettler-Toledo International, Inc. ‡ ^ | 24,730 | 4,171 | ||||||
Machinery - 2.5% | ||||||||
Actuant Corp. — Class A ^ | 141,615 | 3,800 | ||||||
Kennametal, Inc. ^ | 63,215 | 2,668 | ||||||
Media - 1.3% | ||||||||
Virgin Media, Inc. ^ | 114,296 | 3,421 | ||||||
Metals & Mining - 1.5% | ||||||||
Carpenter Technology Corp. | 22,300 | 1,286 | ||||||
Stillwater Mining Co. ‡ ^ | 114,900 | 2,529 | ||||||
Office Electronics - 1.7% | ||||||||
Zebra Technologies Corp. — Class A ‡ | 100,100 | 4,221 | ||||||
Oil, Gas & Consumable Fuels - 5.7% | ||||||||
Brigham Exploration Co. ‡^ | 167,237 | 5,005 | ||||||
Cabot Oil & Gas Corp. ^ | 101,340 | 6,721 | ||||||
Concho Resources, Inc. ‡ ^ | 28,290 | 2,598 | ||||||
Personal Products - 2.2% | ||||||||
Estee Lauder Cos., Inc. — Class A ^ | 52,153 | 5,486 | ||||||
Pharmaceuticals - 4.8% | ||||||||
Perrigo Co. ^ | 51,600 | 4,534 | ||||||
Shire PLC ADR ^ | 54,470 | 5,132 | ||||||
Valeant Pharmaceuticals International, Inc. ^ | 48,060 | 2,497 | ||||||
Road & Rail - 2.4% | ||||||||
Kansas City Southern ‡ | 104,925 | 6,225 | ||||||
Semiconductors & Semiconductor Equipment - 2.6% | ||||||||
Cavium, Inc. ‡ ^ | 58,425 | 2,547 | ||||||
FEI Co. ‡ ^ | 104,850 | 4,004 | ||||||
Software - 8.0% | ||||||||
Electronic Arts, Inc. ‡ ^ | 190,335 | 4,492 | ||||||
Red Hat, Inc. ‡ ^ | 113,065 | 5,190 | ||||||
Rovi Corp. ‡ ^ | 51,374 | 2,947 | ||||||
Salesforce.com, Inc. ‡ ^ | 35,310 | 5,261 | ||||||
Successfactors, Inc. ‡ ^ | 95,547 | 2,809 | ||||||
Specialty Retail - 3.5% | ||||||||
Dick’s Sporting Goods, Inc. ‡ ^ | 101,915 | 3,919 | ||||||
Foot Locker, Inc. | 154,900 | 3,680 | ||||||
Genesco, Inc. ‡ ^ | 24,900 | 1,297 | ||||||
Textiles, Apparel & Luxury Goods - 5.9% | ||||||||
Deckers Outdoor Corp. ‡ ^ | 29,430 | 2,594 | ||||||
Fossil, Inc. ‡ ^ | 52,114 | 6,135 | ||||||
Under Armour, Inc. — Class A ‡ ^ | 81,102 | 6,270 | ||||||
Total Common Stocks (cost $211,390) | 252,300 | |||||||
SECURITIES LENDING COLLATERAL - 25.5% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22% ▲ | 64,872,900 | 64,873 | ||||||
Total Securities Lending Collateral (cost $64,873) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.8% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $1,909 on 07/01/2011. Collateralized by a U.S. Government Agency Obligation, 4.00%, due 12/25/2038, with a value of $1,948. | $ | 1,909 | 1,909 | |||||
Total Repurchase Agreement (cost $1,909) | ||||||||
Total Investment Securities (cost $278,172) # | 319,082 | |||||||
Other Assets and Liabilities — Net | (64,898 | ) | ||||||
Net Assets | $ | 254,184 | ||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 58
At June 30, 2011
(all amounts in thousands)
(unaudited)
^ | All or a portion of this security is on loan. The value of all securities on loan is $63,437. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $278,172. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $43,630 and $2,720, respectively. Net unrealized appreciation for tax purposes is $40,910. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 234,742 | $ | 17,558 | $ | — | $ | 252,300 | ||||||||
Repurchase Agreement | — | 1,909 | — | 1,909 | ||||||||||||
Securities Lending Collateral | 64,873 | — | — | 64,873 | ||||||||||||
Total | $ | 299,615 | $ | 19,467 | $ | — | $ | 319,082 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 59
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 95.6% | ||||||||
Chemicals - 2.5% | ||||||||
Koppers Holdings, Inc. | 1,800 | $ | 68 | |||||
Kraton Performance Polymers, Inc. ‡ ^ | 23,024 | 902 | ||||||
Zep, Inc. ^ | 105,400 | 1,992 | ||||||
Commercial Banks - 7.5% | ||||||||
First Busey Corp. ^ | 195,930 | 1,036 | ||||||
First Midwest Bancorp, Inc. ^ | 132,900 | 1,633 | ||||||
Hancock Holding Co. ^ | 28,200 | 874 | ||||||
International Bancshares Corp. ^ | 84,500 | 1,414 | ||||||
MB Financial, Inc. ^ | 58,700 | 1,129 | ||||||
Webster Financial Corp. ^ | 90,300 | 1,899 | ||||||
Westamerica Bancorporation ^ | 16,400 | 808 | ||||||
Commercial Services & Supplies - 5.0% | ||||||||
ACCO Brands Corp. ‡ ^ | 150,300 | 1,180 | ||||||
G&K Services, Inc. — Class A ^ | 30,600 | 1,036 | ||||||
Standard Parking Corp. ‡ ^ | 50,000 | 799 | ||||||
United Stationers, Inc. ^ | 80,700 | 2,859 | ||||||
Computers & Peripherals - 1.6% | ||||||||
Diebold, Inc. ^ | 49,500 | 1,535 | ||||||
Electronics for Imaging, Inc. ‡ ^ | 18,400 | 317 | ||||||
Construction & Engineering - 0.3% | ||||||||
Sterling Construction Co., Inc. ‡ ^ | 29,200 | 402 | ||||||
Containers & Packaging - 1.4% | ||||||||
Aptargroup, Inc. | 31,600 | 1,654 | ||||||
Diversified Consumer Services - 1.3% | ||||||||
Matthews International Corp. — Class A ^ | 36,500 | 1,465 | ||||||
Diversified Financial Services - 1.7% | ||||||||
Ares Capital Corp. ^ | 120,500 | 1,936 | ||||||
Electric Utilities - 2.5% | ||||||||
Unisource Energy Corp. ^ | 47,000 | 1,755 | ||||||
Westar Energy, Inc. ^ | 45,200 | 1,216 | ||||||
Electrical Equipment - 3.4% | ||||||||
Acuity Brands, Inc. ^ | 17,500 | 976 | ||||||
Belden, Inc. ^ | 85,300 | 2,974 | ||||||
Electronic Equipment & Instruments - 2.0% | ||||||||
Coherent, Inc. ‡ ^ | 14,900 | 824 | ||||||
MTS Systems Corp. ^ | 28,832 | 1,206 | ||||||
Nam Tai Electronics, Inc. ^ | 56,200 | 310 | ||||||
Energy Equipment & Services - 2.4% | ||||||||
Bristow Group, Inc. ^ | 25,600 | 1,306 | ||||||
SEACOR Holdings, Inc. ^ | 14,600 | 1,460 | ||||||
Food & Staples Retailing - 1.3% | ||||||||
Casey’s General Stores, Inc. ^ | 33,700 | 1,483 | ||||||
Gas Utilities - 2.7% | ||||||||
Atmos Energy Corp. ^ | 34,100 | 1,134 | ||||||
New Jersey Resources Corp. ^ | 21,800 | 972 | ||||||
WGL Holdings, Inc. ^ | 25,000 | 962 | ||||||
Health Care Equipment & Supplies - 1.7% | ||||||||
Haemonetics Corp. ‡ ^ | 7,900 | 509 | ||||||
ICU Medical, Inc. ‡ ^ | 34,500 | 1,507 | ||||||
Health Care Providers & Services - 2.5% | ||||||||
Amsurg Corp. — Class A‡ ^ | 70,200 | 1,834 | ||||||
Corvel Corp. ‡ ^ | 24,300 | 1,140 | ||||||
Hotels, Restaurants & Leisure - 4.0% | ||||||||
Bally Technologies, Inc. ‡ ^ | 24,000 | 976 | ||||||
CEC Entertainment, Inc. ^ | 34,500 | 1,383 | ||||||
Choice Hotels International, Inc. ^ | 32,000 | 1,068 | ||||||
Sonic Corp. ‡ ^ | 113,700 | 1,209 | ||||||
Household Durables - 2.1% | ||||||||
Helen of Troy, Ltd. ‡ ^ | 61,935 | 2,139 | ||||||
Tempur-Pedic International, Inc. ‡ ^ | 5,300 | 359 | ||||||
Industrial Conglomerates - 3.3% | ||||||||
Carlisle Cos., Inc. ^ | 78,000 | 3,840 | ||||||
Insurance - 6.8% | ||||||||
Alleghany Corp. | 2,861 | 953 | ||||||
Amerisafe, Inc. ‡ ^ | 48,800 | 1,104 | ||||||
Assured Guaranty, Ltd. ^ | 61,000 | 995 | ||||||
Delphi Financial Group, Inc. — Class A ^ | 79,600 | 2,325 | ||||||
Platinum Underwriters Holdings, Ltd. ^ | 39,800 | 1,323 | ||||||
Primerica, Inc. | 58,900 | 1,294 | ||||||
Internet Software & Services - 1.4% | ||||||||
Websense, Inc. ‡ ^ | 64,100 | 1,665 | ||||||
IT Services - 2.0% | ||||||||
MAXIMUS, Inc. ^ | 29,200 | 2,415 | ||||||
Life Sciences Tools & Services - 3.9% | ||||||||
Charles River Laboratories International, Inc. ‡ | 49,800 | 2,024 | ||||||
ICON PLC ADR ^ ‡ | 103,100 | 2,430 | ||||||
Machinery - 5.1% | ||||||||
Albany International Corp. — Class A ^ | 83,000 | 2,191 | ||||||
ESCO Technologies, Inc. ^ | 41,500 | 1,527 | ||||||
Mueller Industries, Inc. ^ | 57,700 | 2,187 | ||||||
Marine - 1.9% | ||||||||
Kirby Corp. ‡ ^ | 38,900 | 2,204 | ||||||
Media - 2.3% | ||||||||
Arbitron, Inc. ^ | 64,500 | 2,666 | ||||||
Multiline Retail - 0.9% | ||||||||
Fred’s, Inc. — Class A ^ | 75,700 | 1,092 | ||||||
Office Electronics - 1.3% | ||||||||
Zebra Technologies Corp. — Class A ‡ | 35,200 | 1,484 | ||||||
Oil, Gas & Consumable Fuels - 2.4% | ||||||||
GeoResources, Inc. ‡ ^ | 49,500 | 1,113 | ||||||
Penn Virginia Corp. ^ | 68,542 | 905 | ||||||
Scorpio Tankers, Inc. ‡ ^ | 85,000 | 849 | ||||||
Paper & Forest Products - 1.2% | ||||||||
Deltic Timber Corp. ^ | 25,300 | 1,358 | ||||||
Real Estate Investment Trusts - 3.8% | ||||||||
American Campus Communities, Inc. ^ | 28,600 | 1,016 | ||||||
Campus Crest Communities, Inc. ^ | 76,200 | 986 | ||||||
DiamondRock Hospitality Co.^ | 67,900 | 729 | ||||||
Education Realty Trust, Inc. ^ | 118,700 | 1,017 | ||||||
Mack-Cali Realty Corp. ^ | 22,200 | 731 | ||||||
Road & Rail - 1.7% | ||||||||
Genesee & Wyoming, Inc. — Class A ‡ ^ | 34,600 | 2,029 | ||||||
Specialty Retail - 5.8% | ||||||||
Ascena Retail Group, Inc. ‡ ^ | 53,600 | 1,825 | ||||||
Cato Corp. — Class A ^ | 90,500 | 2,607 | ||||||
Stage Stores, Inc. ^ | 146,000 | 2,453 | ||||||
Textiles, Apparel & Luxury Goods - 1.2% | ||||||||
Skechers U.S.A., Inc. — Class A ‡ ^ | 50,700 | 735 | ||||||
Unifirst Corp. ^ | 11,700 | 657 | ||||||
Thrifts & Mortgage Finance - 3.2% | ||||||||
First Niagara Financial Group, Inc. ^ | 75,510 | 997 | ||||||
Flushing Financial Corp. ^ | 63,200 | 822 | ||||||
Northwest Bancshares, Inc. ^ | 148,600 | 1,869 | ||||||
Trading Companies & Distributors - 1.5% | ||||||||
GATX Corp. ^ | 47,900 | 1,778 | ||||||
Total Common Stocks (cost $90,973) | 111,835 | |||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 60
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 25.6% | ||||||||
State Street Navigator Securities Lending | ||||||||
Trust — Prime Portfolio, 0.22% ▲ | 29,960,998 | $ | 29,961 | |||||
Total Securities Lending Collateral (cost $29,961) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.2% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $4,970 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $5,070. | $ | 4,970 | 4,970 | |||||
Total Repurchase Agreement (cost $4,970) | ||||||||
Total Investment Securities (cost $125,904) # | 146,766 | |||||||
Other Assets and Liabilities — Net | (29,710 | ) | ||||||
Net Assets | $ | 117,056 | ||||||
^ | All or a portion of this security is on loan. The value of all securities on loan is $29,250. | |
‡ | Non-income producing security. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $125,904. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $22,133 and $1,271, respectively. Net unrealized appreciation for tax purposes is $20,862. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 108,557 | $ | 3,278 | $ | — | $ | 111,835 | ||||||||
Repurchase Agreement | — | 4,970 | — | 4,970 | ||||||||||||
Securities Lending Collateral | 29,961 | — | — | 29,961 | ||||||||||||
Total | $ | 138,518 | $ | 8,248 | $ | — | $ | 146,766 | ||||||||
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 61
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 97.5% | ||||||||
Aerospace & Defense - 1.6% | ||||||||
Aerovironment, Inc. ‡ | 14,180 | $ | 501 | |||||
American Science & Engineering, Inc. ^ | 17,905 | 1,432 | ||||||
Ceradyne, Inc. ‡ | 64,340 | 2,510 | ||||||
Cubic Corp. | 10,600 | 540 | ||||||
Esterline Technologies Corp. ‡ | 600 | 46 | ||||||
GenCorp, Inc. ‡ ^ | 105,200 | 675 | ||||||
Air Freight & Logistics - 0.8% | ||||||||
Atlas Air Worldwide Holdings, Inc. ‡ ^ | 10,900 | 649 | ||||||
Hub Group, Inc. — Class A ‡ ^ | 52,216 | 1,966 | ||||||
Park-Ohio Holdings Corp. ‡ ^ | 1,800 | 38 | ||||||
Airlines - 0.6% | ||||||||
Alaska Air Group, Inc. ‡ ^ | 24,200 | 1,656 | ||||||
US Airways Group, Inc. ‡ ^ | 29,800 | 266 | ||||||
Auto Components - 0.3% | ||||||||
Fuel Systems Solutions, Inc. ‡ ^ | 44,461 | 1,109 | ||||||
Motorcar Parts of America, Inc. ‡ ^ | 3,000 | 45 | ||||||
Beverages - 0.0%8 ∞ | ||||||||
Coca-Cola Bottling Co., Consolidated ^ | 1,200 | 81 | ||||||
Biotechnology - 3.5% | ||||||||
Acorda Therapeutics, Inc. ‡ ^ | 83,680 | 2,704 | ||||||
Alexion Pharmaceuticals, Inc. ‡ ^ | 42,898 | 2,017 | ||||||
BioMarin Pharmaceutical, Inc. ‡ ^ | 84,810 | 2,308 | ||||||
Genomic Health, Inc. ‡ ^ | 98,706 | 2,755 | ||||||
RTI Biologics, Inc. ‡ ^ | 300,073 | 813 | ||||||
United Therapeutics Corp. ‡ ^ | 26,800 | 1,477 | ||||||
Vanda Pharmaceuticals, Inc. ‡ ^ | 33,800 | 241 | ||||||
Building Products - 0.1% | ||||||||
Gibraltar Industries, Inc. ‡ | 27,300 | 309 | ||||||
Quanex Building Products Corp. ^ | 1,800 | 30 | ||||||
Capital Markets - 0.9% | ||||||||
American Capital, Ltd. ‡ | 32,400 | 322 | ||||||
Arlington Asset Investment Corp. — Class A ^ | 18,600 | 584 | ||||||
BGC Partners, Inc. — Class A ^ | 80,800 | 625 | ||||||
Financial Engines, Inc. ‡ ^ | 28,890 | 748 | ||||||
Gladstone Investment Corp. ^ | 40,500 | 289 | ||||||
TICC Capital Corp. ^ | 43,700 | 420 | ||||||
Chemicals - 2.9% | ||||||||
Balchem Corp. ^ | 35,128 | 1,538 | ||||||
Ferro Corp. ‡ ^ | 30,800 | 414 | ||||||
Georgia Gulf Corp. ‡ ^ | 22,100 | 533 | ||||||
Innospec, Inc. ‡ | 5,700 | 192 | ||||||
Koppers Holdings, Inc. | 1,700 | 64 | ||||||
Kraton Performance Polymers, Inc. ‡ ^ | 20,400 | 799 | ||||||
Kronos Worldwide, Inc. ^ | 20,400 | 642 | ||||||
LSB Industries, Inc. ‡ ^ | 24,918 | 1,069 | ||||||
Minerals Technologies, Inc. | 4,600 | 305 | ||||||
OM Group, Inc. ‡ ^ | 21,200 | 862 | ||||||
Solutia, Inc. ‡ ^ | 63,600 | 1,453 | ||||||
Westlake Chemical Corp. ^ | 3,500 | 182 | ||||||
Zep, Inc. ^ | 92,100 | 1,740 | ||||||
Commercial Banks - 5.4% | ||||||||
1st Source Corp. ^ | 7,700 | 160 | ||||||
Bancfirst Corp. | 3,100 | 120 | ||||||
Banco Latinoamericano de Comercio Exterior SA — Class E | 54,100 | 937 | ||||||
Bancorp, Inc. ‡ ^ | 24,900 | 260 | ||||||
Bryn Mawr Bank Corp. | 1,600 | 32 | ||||||
Camden National Corp. ^ | 1,100 | 36 | ||||||
Cape Bancorp, Inc. ‡ | 2,900 | 29 | ||||||
CapitalSource, Inc. ^ | 83,200 | 537 | ||||||
Cathay General Bancorp ^ | 3,800 | 62 | ||||||
Center Bancorp, Inc. | 2,900 | 30 | ||||||
Central Pacific Financial Corp. ‡ ^ | 29,500 | 413 | ||||||
Century Bancorp, Inc. — Class A ^ | 1,200 | 32 | ||||||
Citizens & Northern Corp. | 20,500 | 309 | ||||||
Community Bank System, Inc. ^ | 46,300 | 1,148 | ||||||
Enterprise Financial Services Corp. | 25,900 | 350 | ||||||
First Busey Corp. ^ | 156,872 | 830 | ||||||
First Citizens BancShares, Inc. — Class A | 1,400 | 262 | ||||||
First Defiance Financial Corp. ‡ | 5,500 | 81 | ||||||
First Financial Corp. | 3,500 | 115 | ||||||
First Financial Bancorp ^ | 9,400 | 157 | ||||||
First Financial Bankshares, Inc. ^ | 19,600 | 675 | ||||||
First Midwest Bancorp, Inc. ^ | 116,000 | 1,426 | ||||||
Fulton Financial Corp. ^ | 42,900 | 459 | ||||||
Great Southern Bancorp, Inc. ^ | 4,200 | 80 | ||||||
Hancock Holding Co. ^ | 24,900 | 771 | ||||||
Independent Bank Corp. ^ | 3,000 | 79 | ||||||
International Bancshares Corp. ^ | 75,200 | 1,258 | ||||||
Lakeland Bancorp, Inc. ^ | 8,819 | 88 | ||||||
Lakeland Financial Corp. ^ | 23,100 | 514 | ||||||
MainSource Financial Group, Inc. ^ | 12,400 | 103 | ||||||
MB Financial, Inc. ^ | 52,600 | 1,012 | ||||||
National Bankshares, Inc. ^ | 1,100 | 28 | ||||||
Northrim BanCorp, Inc. ^ | 2,500 | 47 | ||||||
OceanFirst Financial Corp. ^ | 18,300 | 237 | ||||||
Old National Bancorp ^ | 58,600 | 633 | ||||||
Orrstown Financial Services, Inc. ^ | 1,200 | 32 | ||||||
Renasant Corp. | 5,800 | 84 | ||||||
Southside Bancshares, Inc. ^ | 7,350 | 146 | ||||||
Suffolk Bancorp ^ | 7,100 | 99 | ||||||
SY Bancorp, Inc. ^ | 8,400 | 195 | ||||||
Tompkins Financial Corp. ^ | 1,200 | 47 | ||||||
Trustco Bank Corp. | 22,000 | 108 | ||||||
UMB Financial Corp. ^ | 32,400 | 1,357 | ||||||
United Bankshares, Inc. | 11,600 | 284 | ||||||
Virginia Commerce Bancorp, Inc. ‡ | 5,400 | 32 | ||||||
Washington Trust Bancorp, Inc. ^ | 8,200 | 188 | ||||||
Webster Financial Corp. ^ | 93,400 | 1,962 | ||||||
WesBanco, Inc. ^ | 3,100 | 61 | ||||||
West Bancorporation, Inc. ^ | 8,200 | 72 | ||||||
Westamerica Bancorporation ^ | 13,700 | 675 | ||||||
Western Alliance Bancorp ‡ | 12,500 | 89 | ||||||
WSFS Financial Corp. ^ | 4,500 | 178 | ||||||
Commercial Services & Supplies - 1.9% | ||||||||
ACCO Brands Corp. ‡ ^ | 138,900 | 1,090 | ||||||
Compass Diversified Holdings | 17,100 | 282 | ||||||
G&K Services, Inc. — Class A ^ | 29,553 | 1,001 | ||||||
Standard Parking Corp. ‡ ^ | 46,488 | 742 | ||||||
Steelcase, Inc. — Class A ^ | 73,300 | 835 | ||||||
United Stationers, Inc. ^ | 67,400 | 2,388 | ||||||
Viad Corp. | 9,200 | 205 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 62
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Communications Equipment - 2.0% | ||||||||
Comtech Telecommunications Corp. ^ | 45,100 | $ | 1,265 | |||||
Finisar Corp. ‡ | 80,551 | 1,452 | ||||||
Oplink Communications, Inc. ‡ ^ | 40,510 | 755 | ||||||
Polycom, Inc. ‡ ^ | 24,225 | 1,558 | ||||||
Riverbed Technology, Inc. ‡ ^ | 50,570 | 2,001 | ||||||
Symmetricom, Inc. ‡ ^ | 8,500 | 50 | ||||||
Computers & Peripherals - 1.0% | ||||||||
Diebold, Inc. ^ | 43,800 | 1,358 | ||||||
Electronics for Imaging, Inc. ‡ ^ | 69,627 | 1,199 | ||||||
Imation Corp. ‡ ^ | 109,700 | 1,036 | ||||||
Construction & Engineering - 0.4% | ||||||||
Great Lakes Dredge & Dock Corp. ^ | 98,100 | 547 | ||||||
Primoris Services Corp. ^ | 11,400 | 147 | ||||||
Sterling Construction Co., Inc. ‡ ^ | 56,800 | 783 | ||||||
Consumer Finance - 1.2% | ||||||||
Advance America Cash Advance Centers, Inc. € ^ | 79,500 | 548 | ||||||
Ezcorp, Inc. — Class A ‡ | 89,675 | 3,190 | ||||||
Imperial Holdings, Inc. ‡ | 42,700 | 434 | ||||||
Containers & Packaging - 0.6% | ||||||||
Aptargroup, Inc. | 26,300 | 1,376 | ||||||
Rock-Tenn Co. — Class A ^ | 11,105 | 737 | ||||||
Distributors - 0.5% | ||||||||
Audiovox Corp. — Class A ‡ ^ | 15,800 | 119 | ||||||
LKQ Corp. ‡ | 59,265 | 1,547 | ||||||
Diversified Consumer Services - 2.7% | ||||||||
American Public Education, Inc. ‡ ^ | 34,625 | 1,541 | ||||||
Cambium Learning Group, Inc. ‡ | 8,300 | 28 | ||||||
Capella Education Co. ‡ ^ | 32,379 | 1,355 | ||||||
Career Education Corp. ‡ ^ | 27,400 | 580 | ||||||
Coinstar, Inc. ‡ ^ | 44,665 | 2,436 | ||||||
ITT Educational Services, Inc. ‡ ^ | 7,100 | 556 | ||||||
Matthews International Corp. — Class A ^ | 34,900 | 1,401 | ||||||
Steiner Leisure, Ltd. ‡ ^ | 32,840 | 1,500 | ||||||
Diversified Financial Services - 3.0% | ||||||||
Ares Capital Corp. | 106,000 | 1,703 | ||||||
Cash America International, Inc. ^ | 25,010 | 1,447 | ||||||
Encore Capital Group, Inc. ‡ ^ | 57,428 | 1,764 | ||||||
Euronet Worldwide, Inc. ‡ | 6,200 | 96 | ||||||
First Cash Financial Services, Inc. ‡ ^ | 68,305 | 2,869 | ||||||
Gladstone Capital Corp. ^ | 8,000 | 74 | ||||||
Marlin Business Services Corp. ‡ ^ | 3,600 | 46 | ||||||
MCG Capital Corp. ^ | 12,800 | 78 | ||||||
Medallion Financial Corp. ^ | 3,800 | 37 | ||||||
Portfolio Recovery Associates, Inc. ‡ ^ | 28,249 | 2,395 | ||||||
QC Holdings, Inc. ^ | 9,100 | 36 | ||||||
Diversified Telecommunication Services - 0.6% | ||||||||
General Communication, Inc. — Class A ‡ ^ | 6,200 | 75 | ||||||
IDT Corp. — Class B ^ | 34,100 | 921 | ||||||
Neutral Tandem, Inc. ‡ | 28,700 | 500 | ||||||
Surewest Communications ^ | 12,800 | 214 | ||||||
Vonage Holdings Corp. ‡ ^ | 76,400 | 337 | ||||||
Electric Utilities - 1.7% | ||||||||
Cleco Corp. ^ | 5,400 | 188 | ||||||
Dynegy, Inc. — Class A ‡ ^ | 24,400 | 151 | ||||||
El Paso Electric Co. ^ | 49,000 | 1,583 | ||||||
NGP Capital Resources Co. ^ | 7,100 | 58 | ||||||
Unisource Energy Corp. ^ | 75,700 | 2,826 | ||||||
Westar Energy, Inc. ^ | 40,600 | 1,093 | ||||||
Electrical Equipment - 2.4% | ||||||||
Acuity Brands, Inc. ^ | 15,000 | 837 | ||||||
Belden, Inc. ^ | 76,300 | 2,659 | ||||||
Coleman Cable, Inc. ‡ ^ | 7,600 | 112 | ||||||
Franklin Electric Co., Inc. ^ | 8,900 | 418 | ||||||
General Cable Corp. ‡ ^ | 29,400 | 1,252 | ||||||
GrafTech International, Ltd. ‡ ^ | 64,160 | 1,301 | ||||||
Thomas & Betts Corp. ‡ | 10,100 | 544 | ||||||
Ultralife Corp. ‡ ^ | 6,800 | 32 | ||||||
Woodward, Inc. ^ | 38,018 | 1,324 | ||||||
Electronic Equipment & Instruments - 1.7% | ||||||||
AVX Corp. ^ | 34,300 | 523 | ||||||
Coherent, Inc. ‡ ^ | 17,800 | 984 | ||||||
Electro Scientific Industries, Inc. ‡ | 8,800 | 170 | ||||||
Insight Enterprises, Inc. ‡ | 2,600 | 46 | ||||||
LoJack Corp. ‡ ^ | 23,600 | 103 | ||||||
MTS Systems Corp. ^ | 26,200 | 1,095 | ||||||
Multi-Fineline Electronix, Inc. ‡ ^ | 49,357 | 1,066 | ||||||
Nam Tai Electronics, Inc. ^ | 45,200 | 250 | ||||||
Newport Corp. ‡ ^ | 37,800 | 687 | ||||||
RadiSys Corp. ‡ ^ | 21,300 | 155 | ||||||
Vishay Intertechnology, Inc. ‡ ^ | 54,100 | 814 | ||||||
Energy Equipment & Services - 2.8% | ||||||||
Basic Energy Services, Inc. ‡ ^ | 14,800 | 466 | ||||||
Bristow Group, Inc. ^ | 21,400 | 1,092 | ||||||
Carbo Ceramics, Inc. ^ | 9,485 | 1,546 | ||||||
Dril-Quip, Inc. ‡ ^ | 22,400 | 1,519 | ||||||
Helix Energy Solutions Group, Inc. ‡ | 2,600 | 43 | ||||||
Hercules Offshore, Inc. ‡ | 15,000 | 83 | ||||||
Lufkin Industries, Inc. ^ | 18,250 | 1,570 | ||||||
Newpark Resources, Inc. ‡ ^ | 153,765 | 1,395 | ||||||
SEACOR Holdings, Inc. ^ | 18,800 | 1,879 | ||||||
Food & Staples Retailing - 0.4% | ||||||||
Casey’s General Stores, Inc. ^ | 30,100 | 1,324 | ||||||
Susser Holdings Corp. ‡ ^ | 14,500 | 228 | ||||||
Food Products - 0.5% | ||||||||
B&G Foods, Inc. — Class A ^ | 19,400 | 400 | ||||||
Dole Food Co., Inc. ‡ ^ | 36,700 | 497 | ||||||
Hain Celestial Group, Inc. ‡ | 1,800 | 60 | ||||||
Omega Protein Corp. ‡ ^ | 45,600 | 630 | ||||||
Gas Utilities - 1.3% | ||||||||
Atmos Energy Corp. | 31,100 | 1,034 | ||||||
Chesapeake Utilities Corp. ^ | 11,700 | 468 | ||||||
New Jersey Resources Corp. ^ | 18,272 | 815 | ||||||
Southwest Gas Corp. ^ | 32,900 | 1,270 | ||||||
WGL Holdings, Inc. ^ | 20,800 | 801 | ||||||
Health Care Equipment & Supplies - 3.7% | ||||||||
Cooper Cos., Inc. ^ | 5,800 | 460 | ||||||
Haemonetics Corp. ‡ ^ | 8,600 | 554 | ||||||
ICU Medical, Inc. ‡ ^ | 30,600 | 1,337 | ||||||
Insulet Corp. ‡ ^ | 114,423 | 2,537 | ||||||
Invacare Corp. ^ | 32,800 | 1,089 | ||||||
NxStage Medical, Inc. ‡ ^ | 122,116 | 2,541 | ||||||
SonoSite, Inc. ‡ ^ | 61,910 | 2,177 | ||||||
Spectranetics Corp. ‡ ^ | 195,639 | 1,217 | ||||||
Thoratec Corp. ‡ ^ | 26,615 | 874 | ||||||
Health Care Providers & Services - 2.1% | ||||||||
AMERIGROUP Corp. ‡ ^ | 22,500 | 1,586 | ||||||
Amsurg Corp. — Class A ‡ ^ | 63,000 | 1,645 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 63
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Health Care Providers & Services (continued) | ||||||||
Bio-Reference Labs, Inc. ‡ ^ | 11,855 | $ | 248 | |||||
CardioNet, Inc. ‡ | 30,800 | 164 | ||||||
Corvel Corp. ‡ ^ | 23,600 | 1,107 | ||||||
HMS Holdings Corp. ‡ ^ | 16,345 | 1,256 | ||||||
Magellan Health Services, Inc. ‡ | 16,800 | 920 | ||||||
PDI, Inc. ‡ ^ | 18,200 | 129 | ||||||
Providence Service Corp. ‡ ^ | 2,400 | 30 | ||||||
U.S. Physical Therapy, Inc. ^ | 3,000 | 74 | ||||||
WellCare Health Plans, Inc. ‡ | 1,900 | 98 | ||||||
Hotels, Restaurants & Leisure - 3.0% | ||||||||
Ameristar Casinos, Inc. ^ | 25,300 | 600 | ||||||
Bally Technologies, Inc. ‡ ^ | 20,900 | 850 | ||||||
Biglari Holdings, Inc. ‡ ^ | 920 | 360 | ||||||
Boyd Gaming Corp. ‡ | 39,600 | 345 | ||||||
Brinker International, Inc. ^ | 22,000 | 538 | ||||||
CEC Entertainment, Inc. ^ | 31,000 | 1,243 | ||||||
Cheesecake Factory, Inc. ‡ ^ | 3,000 | 94 | ||||||
Choice Hotels International, Inc. ^ | 29,000 | 967 | ||||||
Isle of Capri Casinos, Inc. ‡ | 9,100 | 81 | ||||||
O’Charley’s, Inc. ‡ ^ | 26,300 | 192 | ||||||
Penn National Gaming, Inc. ‡ ^ | 14,600 | 589 | ||||||
Pinnacle Entertainment, Inc. ‡ ^ | 5,600 | 83 | ||||||
Red Lion Hotels Corp. ‡ ^ | 4,300 | 34 | ||||||
Sonic Corp. ‡ ^ | 136,200 | 1,448 | ||||||
Texas Roadhouse, Inc. — Class A ^ | 93,395 | 1,639 | ||||||
Town Sports International Holdings, Inc. ‡ | 7,100 | 54 | ||||||
WMS Industries, Inc. ‡ ^ | 43,895 | 1,348 | ||||||
Household Durables - 1.2% | ||||||||
Blyth, Inc. ^ | 7,800 | 393 | ||||||
Helen of Troy, Ltd. ‡ ^ | 55,300 | 1,909 | ||||||
Tempur-Pedic International, Inc. ‡ ^ | 4,750 | 322 | ||||||
Tupperware Brands Corp. ^ | 23,660 | 1,596 | ||||||
Household Products - 0.0%∞ | ||||||||
Central Garden & Pet Co. — Class A ‡ ^ | 3,200 | 32 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
Carlisle Cos., Inc. ^ | 69,500 | 3,422 | ||||||
Standex International Corp. | 1,800 | 55 | ||||||
Insurance - 3.3% | ||||||||
Alleghany Corp. ‡ | 2,505 | 834 | ||||||
American Equity Investment Life Holding Co. ^ | 98,100 | 1,247 | ||||||
Amerisafe, Inc. ‡ ^ | 45,100 | 1,020 | ||||||
Amtrust Financial Services, Inc. ^ | 55,200 | 1,257 | ||||||
Assured Guaranty, Ltd. ^ | 52,300 | 853 | ||||||
Crawford & Co. — Class B ^ | 14,000 | 99 | ||||||
Delphi Financial Group, Inc. — Class A | 69,328 | 2,025 | ||||||
Infinity Property & Casualty Corp. | 10,200 | 558 | ||||||
Maiden Holdings, Ltd. ^ | 75,000 | 683 | ||||||
Meadowbrook Insurance Group, Inc. ^ | 34,700 | 344 | ||||||
Phoenix Cos., Inc. ‡ ^ | 15,200 | 37 | ||||||
Platinum Underwriters Holdings, Ltd. ^ | 34,600 | 1,150 | ||||||
Primerica, Inc. | 47,600 | 1,046 | ||||||
RLI Corp. ^ | 2,300 | 142 | ||||||
Safety Insurance Group, Inc. | 4,200 | 177 | ||||||
Internet & Catalog Retail - 0.4% | ||||||||
NutriSystem, Inc. | 35,200 | 495 | ||||||
PetMed Express, Inc. ^ | 72,508 | 859 | ||||||
Stamps.Com, Inc. ^ | 2,500 | 33 | ||||||
Internet Software & Services - 2.3% | ||||||||
comScore, Inc. ‡ ^ | 73,772 | 1,910 | ||||||
IAC/InterActiveCorp ‡ ^ | 18,100 | 691 | ||||||
Infospace, Inc. ‡ ^ | 40,700 | 371 | ||||||
J2 Global Communications, Inc. ‡ ^ | 47,275 | 1,335 | ||||||
Moduslink Global Solutions, Inc. ^ | 15,500 | 69 | ||||||
Valueclick, Inc. ‡ ^ | 31,300 | 520 | ||||||
VistaPrint NV ‡ ^ | 30,200 | 1,445 | ||||||
Websense, Inc. ‡ ^ | 58,600 | 1,522 | ||||||
IT Services - 2.0% | ||||||||
MAXIMUS, Inc. ^ | 45,721 | 3,782 | ||||||
VeriFone Holdings, Inc. ‡ ^ | 40,440 | 1,794 | ||||||
Virtusa Corp. ‡ ^ | 64,397 | 1,220 | ||||||
Leisure Equipment & Products - 0.4% | ||||||||
Arctic Cat, Inc. ‡ | 5,400 | 73 | ||||||
Jakks Pacific, Inc. ‡ ^ | 68,100 | 1,253 | ||||||
Multimedia Games Holding Co., Inc. ‡ ^ | 6,100 | 28 | ||||||
Life Sciences Tools & Services - 1.3% | ||||||||
Affymetrix, Inc. ‡ ^ | 5,300 | 42 | ||||||
Charles River Laboratories International, Inc. ‡ 43,600 1,772 | ||||||||
Fluidigm Corp. ‡ ^ | 23,314 | 391 | ||||||
ICON PLC ADR ‡ ^ | 93,100 | 2,194 | ||||||
Machinery - 4.4% | ||||||||
Albany International Corp. — Class A ^ | 79,300 | 2,093 | ||||||
Altra Holdings, Inc. ‡ ^ | 8,500 | 204 | ||||||
Clarcor, Inc. ^ | 50,740 | 2,398 | ||||||
EnPro Industries, Inc. ‡ ^ | 34,456 | 1,656 | ||||||
ESCO Technologies, Inc. ^ | 68,350 | 2,514 | ||||||
Hardinge, Inc. ^ | 3,000 | 33 | ||||||
Hurco Cos., Inc. ‡ ^ | 13,400 | 432 | ||||||
Kadant, Inc. ‡ ^ | 17,600 | 555 | ||||||
Miller Industries, Inc. ^ | 5,900 | 110 | ||||||
Mueller Industries, Inc. | 57,300 | 2,172 | ||||||
Nacco Industries, Inc. — Class A ^ | 3,300 | 320 | ||||||
Toro Co. ^ | 20,455 | 1,238 | ||||||
Twin Disc, Inc. ^ | 2,200 | 85 | ||||||
Wabtec Corp. | 29,595 | 1,945 | ||||||
Marine - 0.6% | ||||||||
Kirby Corp. ‡ ^ | 34,500 | 1,955 | ||||||
Media - 0.9% | ||||||||
AH Belo Corp — Class A | 32,100 | 239 | ||||||
Arbitron, Inc. ^ | 56,600 | 2,339 | ||||||
Ascent Media Corp. ‡ | 4,200 | 222 | ||||||
Global Sources, Ltd. ‡ | 23,200 | 213 | ||||||
Nexstar Broadcasting Group, Inc. — Class A ‡ | 9,600 | 79 | ||||||
Saga Communications, Inc. — Class A ‡ | 800 | 30 | ||||||
Sinclair Broadcast Group, Inc. — Class A | 6,400 | 70 | ||||||
Metals & Mining - 0.5% | ||||||||
Globe Specialty Metals, Inc. ^ | 13,800 | 309 | ||||||
Worthington Industries, Inc. ^ | 67,931 | 1,570 | ||||||
Multiline Retail - 1.3% | ||||||||
99 Cents Only Stores ‡ ^ | 54,087 | 1,095 | ||||||
Big Lots, Inc. ‡ ^ | 47,090 | 1,561 | ||||||
Dillard’s, Inc. — Class A ^ | 14,100 | 735 | ||||||
Fred’s, Inc. — Class A ^ | 68,000 | 981 | ||||||
Multi-Utilities - 0.0%∞ | ||||||||
NorthWestern Corp. | 2,300 | 76 | ||||||
Office Electronics - 0.4% | ||||||||
Zebra Technologies Corp. — Class A ‡ | 30,500 | 1,286 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 64
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Oil, Gas & Consumable Fuels - 3.3% | ||||||||
Brigham Exploration Co. ‡ | 54,670 | $ | 1,635 | |||||
CVR Energy, Inc. ‡ ^ | 52,900 | 1,302 | ||||||
Delek US Holdings, Inc. | 50,100 | 787 | ||||||
GeoResources, Inc. ‡ ^ | 41,300 | 929 | ||||||
Penn Virginia Corp. ^ | 61,400 | 811 | ||||||
PetroQuest Energy, Inc. ‡ ^ | 165,925 | 1,165 | ||||||
Scorpio Tankers, Inc. ‡ ^ | 73,200 | 731 | ||||||
Stone Energy Corp. ‡ ^ | 30,300 | 921 | ||||||
Vaalco Energy, Inc. ‡ ^ | 49,100 | 296 | ||||||
W&T Offshore, Inc. ^ | 61,300 | 1,601 | ||||||
World Fuel Services Corp. ^ | 38,127 | 1,370 | ||||||
Paper & Forest Products - 1.0% | ||||||||
Buckeye Technologies, Inc. ^ | 42,100 | 1,136 | ||||||
Deltic Timber Corp. ^ | 22,700 | 1,219 | ||||||
Domtar Corp. | 12,300 | 1,165 | ||||||
P.H. Glatfelter Co. | 2,800 | 43 | ||||||
Pharmaceuticals - 1.9% | ||||||||
Affymax, Inc. ‡ | 34,600 | 238 | ||||||
Auxilium Pharmaceuticals, Inc. ‡ ^ | 80,580 | 1,579 | ||||||
Cumberland Pharmaceuticals, Inc. ‡ | 27,700 | 159 | ||||||
Impax Laboratories, Inc. ‡ ^ | 38,530 | 840 | ||||||
Medicines Co. ‡ ^ | 29,300 | 484 | ||||||
Medicis Pharmaceutical Corp. — Class A ^ | 11,100 | 424 | ||||||
Par Pharmaceutical Cos., Inc. ‡ ^ | 15,000 | 495 | ||||||
Salix Pharmaceuticals, Ltd. ‡ ^ | 55,240 | 2,199 | ||||||
ViroPharma, Inc. ‡ ^ | 10,900 | 202 | ||||||
Professional Services - 0.4% | ||||||||
Barrett Business Services, Inc. | 14,400 | 206 | ||||||
CRA International, Inc. ‡ ^ | 30,900 | 838 | ||||||
Kelly Services, Inc. — Class A ‡ | 7,100 | 117 | ||||||
On Assignment, Inc. ‡ ^ | 15,500 | 152 | ||||||
Real Estate Investment Trusts - 4.9% | ||||||||
Alexander’s, Inc. ^ | 2,240 | 889 | ||||||
American Campus Communities, Inc. ^ | 23,700 | 842 | ||||||
Arbor Realty Trust, Inc. ‡ ^ | 18,000 | 84 | ||||||
Ashford Hospitality Trust, Inc. ^ | 33,100 | 412 | ||||||
Campus Crest Communities, Inc. ^ | 64,600 | 836 | ||||||
CapLease, Inc. ^ | 58,100 | 285 | ||||||
CBL & Associates Properties, Inc. ^ | 40,700 | 738 | ||||||
Colonial Properties Trust | 81,400 | 1,661 | ||||||
DiamondRock Hospitality Co. ^ | 61,452 | 659 | ||||||
Education Realty Trust, Inc. ^ | 98,900 | 848 | ||||||
Extra Space Storage, Inc. ^ | 70,400 | 1,502 | ||||||
iStar Financial, Inc. ‡ | 8,500 | 69 | ||||||
Kite Realty Group Trust | 43,200 | 215 | ||||||
Mack-Cali Realty Corp. ^ | 18,500 | 609 | ||||||
Mission West Properties, Inc. ^ | 8,300 | 73 | ||||||
Monmouth Real Estate Investment Corp. - Class A ^ | 10,500 | 89 | ||||||
National Health Investors, Inc. ^ | 4,700 | 209 | ||||||
Newcastle Investment Corp. ^ | 166,900 | 965 | ||||||
NorthStar Realty Finance Corp. | 258,000 | 1,040 | ||||||
Post Properties, Inc. ^ | 38,700 | 1,577 | ||||||
PS Business Parks, Inc. ^ | 1,800 | 99 | ||||||
Retail Opportunity Investments Corp. ^ | 47,300 | 509 | ||||||
Sovran Self Storage, Inc. | 6,200 | 254 | ||||||
Sun Communities, Inc. ^ | 13,700 | 511 | ||||||
UMH Properties, Inc. ^ | 11,800 | 126 | ||||||
U-Store-It Trust | 136,500 | 1,436 | ||||||
Winthrop Realty Trust ^ | 42,900 | 512 | ||||||
Road & Rail - 1.5% | ||||||||
Amerco, Inc. ‡ ^ | 14,000 | 1,346 | ||||||
Con-way, Inc. | 2,000 | 78 | ||||||
Genesee & Wyoming, Inc. — Class A ‡ ^ | 31,700 | 1,858 | ||||||
Landstar System, Inc. ^ | 33,925 | 1,577 | ||||||
RailAmerica, Inc. ‡ ^ | 23,500 | 353 | ||||||
Semiconductors & Semiconductor Equipment - 3.1% | ||||||||
Cavium, Inc. ‡ ^ | 55,546 | 2,422 | ||||||
DSP Group, Inc. ‡ ^ | 6,700 | 58 | ||||||
Fairchild Semiconductor International, Inc. — Class A ‡ | 11,100 | 185 | ||||||
International Rectifier Corp. ‡ | 7,000 | 196 | ||||||
Mellanox Technologies, Ltd. ‡ | 47,562 | 1,418 | ||||||
Microsemi Corp. ‡ ^ | 85,045 | 1,743 | ||||||
Photronics, Inc. ‡ ^ | 48,400 | 410 | ||||||
RF Micro Devices, Inc. ‡ ^ | 198,740 | 1,216 | ||||||
Skyworks Solutions, Inc. ‡ ^ | 39,020 | 897 | ||||||
Tessera Technologies, Inc. ‡ | 32,200 | 552 | ||||||
TriQuint Semiconductor, Inc. ‡ ^ | 67,975 | 693 | ||||||
Veeco Instruments, Inc. ‡ ^ | 17,702 | 857 | ||||||
Software - 3.2% | ||||||||
Ariba, Inc. ‡ ^ | 44,315 | 1,528 | ||||||
Aspen Technology, Inc. ‡ ^ | 74,090 | 1,273 | ||||||
Cadence Design Systems, Inc. ‡ ^ | 53,100 | 561 | ||||||
Fair Isaac Corp. ^ | 10,200 | 308 | ||||||
Micros Systems, Inc. ‡ | 28,630 | 1,423 | ||||||
Netscout Systems, Inc. ‡ ^ | 62,152 | 1,298 | ||||||
Parametric Technology Corp. ‡ ^ | 59,825 | 1,372 | ||||||
Pervasive Software, Inc. ‡ | 4,500 | 29 | ||||||
Progress Software Corp. ‡ ^ | 51,455 | 1,242 | ||||||
Take-Two Interactive Software, Inc. ‡ ^ | 40,400 | 617 | ||||||
Taleo Corp. — Class A ‡ ^ | 45,924 | 1,700 | ||||||
TeleNav, Inc. ‡ ^ | 13,200 | 234 | ||||||
Specialty Retail - 5.0% | ||||||||
Ann, Inc. ‡ ^ | 18,400 | 480 | ||||||
Ascena Retail Group, Inc. ‡ ^ | 47,900 | 1,631 | ||||||
Cato Corp. — Class A ^ | 150,489 | 4,334 | ||||||
Chico’s FAS, Inc. ^ | 183,030 | 2,788 | ||||||
DSW, Inc. — Class A ‡ ^ | 32,535 | 1,647 | ||||||
Finish Line, Inc. — Class A ^ | 23,100 | 494 | ||||||
Hot Topic, Inc. ^ | 70,600 | 525 | ||||||
Pier 1 Imports, Inc. ‡ ^ | 53,100 | 614 | ||||||
Rex American Resources Corp. ‡ ^ | 21,000 | 349 | ||||||
Select Comfort Corp. ‡ | 25,900 | 466 | ||||||
Stage Stores, Inc. ^ | 129,400 | 2,174 | ||||||
Tractor Supply Co. | 23,089 | 1,544 | ||||||
Wet Seal, Inc. — Class A ‡ ^ | 6,400 | 29 | ||||||
Williams-Sonoma, Inc. ^ | 16,200 | 591 | ||||||
Textiles, Apparel & Luxury Goods - 1.4% | ||||||||
Deckers Outdoor Corp. ‡ ^ | 18,207 | 1,605 | ||||||
Movado Group, Inc. ^ | 27,300 | 467 | ||||||
Skechers U.S.A., Inc. — Class A ‡ ^ | 45,300 | 656 | ||||||
Unifirst Corp. | 9,800 | 551 | ||||||
Vera Bradley, Inc. ‡ ^ | 38,337 | 1,464 |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 65
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Thrifts & Mortgage Finance - 1.2% | ||||||||
Astoria Financial Corp. | 8,600 | $ | 110 | |||||
Dime Community Bancshares, Inc. ^ | 20,200 | 294 | ||||||
First Financial Northwest, Inc. ‡ | 6,300 | 32 | ||||||
First Niagara Financial Group, Inc. ^ | 73,039 | 964 | ||||||
Flushing Financial Corp. | 50,800 | 660 | ||||||
Fox Chase Ban corp, Inc. | 3,200 | 43 | ||||||
Northwest Bancshares, Inc. ^ | 129,400 | 1,629 | ||||||
Provident Financial Services, Inc. ^ | 26,900 | 385 | ||||||
Trading Companies & Distributors - 1.0% | ||||||||
Applied Industrial Technologies, Inc. ^ | 52,195 | 1,859 | ||||||
GATX Corp. ^ | 42,700 | 1,585 | ||||||
Water Utilities - 0.0%8 ∞ | ||||||||
Consolidated Water Co., Ltd. ^ | 7,700 | 72 | ||||||
Total Common Stocks (cost $262,642) | 339,495 | |||||||
INVESTMENT COMPANY - 0.2% | ||||||||
Diversified Financial Services - 0.2% | ||||||||
KKR Financial Holdings LLC | 61,800 | 606 | ||||||
Total Investment Company (cost $190) | ||||||||
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.1% | ||||||||
U.S. Treasury Bill 0.02% ▲ 09/15/2011 g | $ | 235 | $ | 235 | ||||
Total Short-Term U.S. Government Obligation (cost $235) | ||||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 25.7% | ||||||||
State Street Navigator Securities Lending Trust — Prime Portfolio, 0.22%▲ | 89,281,803 | 89,282 | ||||||
Total Securities Lending Collateral (cost $89,282) | ||||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.1% | ||||||||
State Street Bank & Trust Co. 0.01% ▲ , dated 06/30/2011, to be repurchased at $7,364 on 07/01/2011. Collateralized by U.S. Government Obligations and a US Government Agency Obligation, 1.75% - 3.50%, due 05/31/2016 - 11/25/2038, with a total value of $7,517. | $ | 7,364 | 7,364 | |||||
Total Repurchase Agreement (cost $7,364) | ||||||||
Total Investment Securities (cost $359,713) # | 436,982 | |||||||
Other Assets and Liabilities — Net | (89,027 | ) | ||||||
Net Assets | $ | 347,955 | ||||||
Net Unrealized | ||||||||||||||||
Appreciation | ||||||||||||||||
Description | Type | Contracts Г | Expiration Date | (Depreciation) | ||||||||||||
Russell 2000 Mini Index | Long | 18 | 09/16/2011 | $ | 53 |
‡ | Non-income producing security. | |
^ | All or a portion of this security is on loan. The value of all securities on loan is $86,254. | |
∞ | Percentage rounds to less than 0.1%. | |
y | All or a portion of this security in the amount of $235 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $359,713. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $85,062 and $7,793, respectively. Net unrealized appreciation for tax purposes is $77,269. | |
Г | Contract amounts are not in thousands. |
ADR | American Depositary Receipt |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 66
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 333,707 | $ | 5,788 | $ | — | $ | 339,495 | ||||||||
Investment Companies | 606 | — | — | 606 | ||||||||||||
Repurchase Agreement | — | 7,364 | 7,364 | |||||||||||||
Securities Lending Collateral | 89,282 | — | — | 89,282 | ||||||||||||
Short-Term U.S. Government Obligations | — | 235 | — | 235 | ||||||||||||
Total | $ | 423,595 | $ | 13,387 | $ | — | $ | 436,982 | ||||||||
Level 2 | ||||||||||||||||
Other | Level 3 | |||||||||||||||
Level 1 | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Total at | |||||||||||||
Other Financial Instruments Ғ | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Futures Contracts — Appreciation | $ | 53 | $ | — | $ | — | $ | 53 |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
Ғ | Other financial instruments are derivative instruments 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 | Semi-Annual Report 2011 |
Page 67
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.3% | ||||||||
Aerospace & Defense - 2.3% | ||||||||
Ceradyne, Inc. ‡ˆ | 17,800 | $ | 694 | |||||
DigitalGlobe, Inc. ‡ˆ | 26,100 | 663 | ||||||
Esterline Technologies Corp. ‡ˆ | 9,706 | 742 | ||||||
Hexcel Corp. ‡ˆ | 39,392 | 862 | ||||||
Air Freight & Logistics - 1.4% | ||||||||
Atlas Air Worldwide Holdings, Inc. ‡ˆ | 14,900 | 887 | ||||||
Hub Group, Inc. - Class A ‡ˆ | 25,166 | 947 | ||||||
Auto Components - 0.7% | ||||||||
Tenneco, Inc. ‡ˆ | 20,700 | 912 | ||||||
Biotechnology - 1.4% | ||||||||
Myriad Genetics, Inc. ‡ˆ | 39,400 | 895 | ||||||
Onyx Pharmaceuticals, Inc. ‡ | 26,300 | 928 | ||||||
Building Products - 0.6% | ||||||||
AO Smith Corp. | 19,574 | 828 | ||||||
Capital Markets - 0.5% | ||||||||
Stifel Financial Corp. ‡ˆ | 18,100 | 649 | ||||||
Chemicals - 1.6% | ||||||||
Kraton Performance Polymers, Inc. ‡ˆ | 21,300 | 834 | ||||||
Kronos Worldwide, Inc. ˆ | 29,500 | 928 | ||||||
Newmarket Corp. | 1,900 | 324 | ||||||
Commercial Banks - 1.7% | ||||||||
Boston Private Financial Holdings, Inc. ˆ | 61,212 | 403 | ||||||
Columbia Banking System, Inc. ˆ | 11,200 | 193 | ||||||
First Citizens BancShares, Inc. - Class A | 2,230 | 418 | ||||||
Iberiabank Corp. ˆ | 9,700 | 559 | ||||||
Umpqua Holdings Corp. ˆ | 52,515 | 607 | ||||||
Commercial Services & Supplies - 3.5% | ||||||||
Consolidated Graphics, Inc. ‡ˆ | 14,200 | 780 | ||||||
Dollar Financial Corp. ‡ | 43,741 | 948 | ||||||
Kforce, Inc. ‡ˆ | 24,877 | 325 | ||||||
Progressive Waste Solutions, Ltd. ˆ | 16,225 | 404 | ||||||
Steelcase, Inc. - Class A ˆ | 63,371 | 722 | ||||||
Sykes Enterprises, Inc. ‡ ˆ | 42,152 | 908 | ||||||
Tal International Group, Inc. ˆ | 16,713 | 577 | ||||||
Communications Equipment - 1.1% | ||||||||
Finisar Corp. ‡ | 13,048 | 235 | ||||||
Netgear, Inc. ‡ | 11,524 | 504 | ||||||
Plantronics, Inc. ˆ | 20,300 | 742 | ||||||
Computers & Peripherals - 1.9% | ||||||||
Avid Technology, Inc. ‡ˆ | 30,900 | 582 | ||||||
Electronics for Imaging, Inc. ‡ˆ | 36,877 | 635 | ||||||
OCZ Technology Group, Inc. ‡ˆ | 103,023 | 825 | ||||||
STEC Inc. ‡ˆ | 22,000 | 374 | ||||||
Construction & Engineering - 0.9% | ||||||||
MasTec, Inc. ‡ˆ | 27,900 | 550 | ||||||
MYR Group, Inc. ‡ˆ | 24,200 | 566 | ||||||
Containers & Packaging - 0.5% | ||||||||
Silgan Holdings, Inc. | 16,000 | 656 | ||||||
Diversified Consumer Services - 1.7% | ||||||||
Hillenbrand, Inc. ˆ | 38,502 | 910 | ||||||
Steiner Leisure, Ltd. ‡ˆ | 12,700 | 580 | ||||||
Strayer Education, Inc. ˆ | 5,900 | 746 | ||||||
Diversified Financial Services - 1.8% | ||||||||
Cash America International, Inc. ˆ | 13,496 | 781 | ||||||
Encore Capital Group, Inc. ‡ˆ | 31,409 | 964 | ||||||
First Cash Financial Services, Inc. ‡ˆ | 18,469 | 776 | ||||||
Diversified Telecommunication Services - 0.8% | ||||||||
AboveNet, Inc. | 10,200 | 718 | ||||||
Atlantic Tele-Network, Inc. ˆ | 8,700 | 334 | ||||||
Electrical Equipment - 2.3% | ||||||||
EnerSys ‡ˆ | 22,037 | 759 | ||||||
Fushi Copperweld, Inc. ‡ˆ | 58,114 | 333 | ||||||
General Cable Corp. ‡ˆ | 20,932 | 891 | ||||||
GrafTech International, Ltd. ‡ˆ | 26,400 | 535 | ||||||
II-VI, Inc. ‡ | 18,660 | 478 | ||||||
Electronic Equipment & Instruments - 3.5% | ||||||||
Insight Enterprises, Inc. ‡ˆ | 45,607 | 808 | ||||||
Littelfuse, Inc. ˆ | 7,700 | 452 | ||||||
Maxwell Technologies, Inc. ‡ˆ | 25,900 | 419 | ||||||
Newport Corp. ‡ˆ | 25,763 | 468 | ||||||
OSI Systems, Inc. ‡ˆ | 19,333 | 831 | ||||||
Power-One, Inc. ‡ˆ | 87,900 | 712 | ||||||
Rofin-Sinar Technologies, Inc. ‡ˆ | 26,188 | 895 | ||||||
Energy Equipment & Services - 2.5% | ||||||||
Dawson Geophysical Co. ‡ˆ | 13,699 | 468 | ||||||
Helix Energy Solutions Group, Inc. ‡ | 16,101 | 267 | ||||||
Key Energy Services, Inc. ‡ˆ | 42,166 | 759 | ||||||
Newpark Resources, Inc. ‡ˆ | 84,555 | 767 | ||||||
OYO Geospace Corp. ‡ˆ | 9,967 | 996 | ||||||
Food Products - 2.0% | ||||||||
Hain Celestial Group, Inc. ‡ˆ | 21,977 | 733 | ||||||
Sanderson Farms, Inc. ˆ | 18,800 | 899 | ||||||
Sensient Technologies Corp. | 13,500 | 500 | ||||||
TreeHouse Foods, Inc. ‡ˆ | 9,335 | 510 | ||||||
Health Care Equipment & Supplies - 4.6% | ||||||||
Arthrocare Corp. ‡ˆ | 27,100 | 907 | ||||||
Atrion Corp. ˆ | 1,912 | 378 | ||||||
ICU Medical, Inc. ‡ˆ | 18,079 | 790 | ||||||
Integra LifeSciences Holdings Corp. ‡ | 20,243 | 968 | ||||||
Invacare Corp. ˆ | 22,400 | 743 | ||||||
Masimo Corp. ˆ | 27,800 | 825 | ||||||
Merit Medical Systems, Inc. ‡ˆ | 30,800 | 553 | ||||||
Synovis Life Technologies, Inc. ‡ | 40,191 | 700 | ||||||
Health Care Providers & Services - 2.4% | ||||||||
Bio-Reference Labs, Inc. ‡ˆ | 34,717 | 726 | ||||||
Ensign Group, Inc. ˆ | 18,483 | 562 | ||||||
Healthspring, Inc. ‡ˆ | 19,200 | 885 | ||||||
LHC Group, Inc. ‡ˆ | 8,400 | 194 | ||||||
WellCare Health Plans, Inc. ‡ | 15,800 | 812 | ||||||
Health Care Technology - 1.5% | ||||||||
Computer Programs & Systems, Inc. | 10,200 | 647 | ||||||
HealthStream, Inc. ‡ˆ | 5,053 | 67 | ||||||
Medidata Solutions, Inc. ‡ˆ | 28,600 | 683 | ||||||
Merge Healthcare, Inc. ‡ˆ | 115,130 | 599 | ||||||
Hotels, Restaurants & Leisure - 1.1% | ||||||||
Caribou Coffee Co., Inc. ‡ˆ | 37,637 | 498 | ||||||
Domino’s Pizza, Inc. ‡ˆ | 39,000 | 985 | ||||||
Insurance - 0.4% | ||||||||
Montpelier Re Holdings, Ltd. ˆ | 26,700 | 481 | ||||||
Internet & Catalog Retail - 0.4% | ||||||||
Shutterfly, Inc. ‡ˆ | 2,170 | 125 | ||||||
U.S. Auto Parts Network, Inc. ‡ˆ | 53,900 | 412 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 68
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Internet Software & Services - 5.0% | ||||||||
Keynote Systems, Inc. ˆ | 23,300 | $ | 504 | |||||
Liveperson, Inc. ‡ˆ | 70,314 | 994 | ||||||
NIC, Inc. ˆ | 40,649 | 547 | ||||||
Open Text Corp. ‡ˆ | 12,787 | 819 | ||||||
Radware, Ltd. ‡ˆ | 15,900 | 554 | ||||||
Travelzoo, Inc. ‡ˆ | 12,620 | 816 | ||||||
Valueclick, Inc. ‡ˆ | 58,777 | 976 | ||||||
VistaPrintNV ‡ˆ | 11,400 | 545 | ||||||
ZixCorp. ‡ˆ | 193,200 | 742 | ||||||
IT Services - 2.2% | ||||||||
CSG Systems International, Inc. ‡ˆ | 34,251 | 633 | ||||||
NeuStar, Inc. - Class A ‡ | 25,600 | 671 | ||||||
Teletech Holdings, Inc. ‡ˆ | 39,800 | 839 | ||||||
Wright Express Corp. ‡ˆ | 14,293 | 744 | ||||||
Life Sciences Tools & Services - 2.0% | ||||||||
BrukerCorp. ‡ˆ | 43,513 | 885 | ||||||
eResearchTechnology, Inc. ‡ˆ | 80,000 | 510 | ||||||
ICON PLC ADR ‡ | 20,830 | 491 | ||||||
Parexel International Corp. ‡ˆ | 32,243 | 760 | ||||||
Machinery - 5.0% | ||||||||
Actuant Corp. - Class A ˆ | 26,600 | 714 | ||||||
Chart Industries, Inc. ‡ˆ | 12,700 | 686 | ||||||
Columbus McKinnon Corp. ‡ˆ | 30,200 | 542 | ||||||
EnPro Industries, Inc. ‡ˆ | 21,713 | 1,045 | ||||||
Kennametal, Inc. ˆ | 16,500 | 696 | ||||||
Nacco Industries, Inc. - Class A ˆ | 2,615 | 253 | ||||||
Robbins & Myers, Inc. | 16,890 | 893 | ||||||
Trimas Corp. ‡ˆ | 41,500 | 1,027 | ||||||
Wabash National Corp. ‡ˆ | 78,755 | 738 | ||||||
Media - 0.3% | ||||||||
Dolan Co. ‡ˆ | 45,244 | 383 | ||||||
Metals & Mining - 1.4% | ||||||||
RTI International Metals, Inc. ‡ˆ | 23,979 | 920 | ||||||
Stillwater Mining Co. ‡ˆ | 43,529 | 958 | ||||||
Multiline Retail - 0.6% | ||||||||
PriceSmart, Inc. ˆ | 14,811 | 759 | ||||||
Multi-Utilities - 0.3% | ||||||||
Avista Corp. ˆ | 13,800 | 355 | ||||||
Oil, Gas & Consumable Fuels - 5.0% | ||||||||
Abraxas Petroleum Corp. ‡ˆ | 150,100 | 575 | ||||||
Comstock Resources, Inc. ‡ˆ | 24,900 | 717 | ||||||
GeoResources, Inc. ‡ˆ | 33,100 | 744 | ||||||
Kodiak Oil & Gas Corp. ‡ˆ | 111,800 | 645 | ||||||
Magnum Hunter Resources Corp. ‡ˆ | 105,421 | 713 | ||||||
North American Energy Partners, Inc. ‡ | 61,791 | 473 | ||||||
Petroleum Development Corp. ‡ˆ | 21,000 | 628 | ||||||
Rex Energy Corp. ‡ˆ | 66,801 | 686 | ||||||
Rosetta Resources, Inc. ‡ | 7,000 | 361 | ||||||
Swift Energy Co. ‡ | 16,300 | 608 | ||||||
Triangle Petroleum Corp. ‡ˆ | 65,400 | 422 | ||||||
Paper & Forest Products - 0.5% | ||||||||
Buckeye Technologies, Inc. ˆ | 23,544 | 635 | ||||||
Personal Products - 0.5% | ||||||||
Inter Parfums, Inc. | 26,938 | 620 | ||||||
Pharmaceuticals - 3.8% | ||||||||
Akorn, Inc. ‡ˆ | 106,191 | 743 | ||||||
Cardiome Pharma Corp. ‡ˆ | 83,700 | 372 | ||||||
Depomed, Inc. ‡ˆ | 52,300 | 428 | ||||||
Impax Laboratories, Inc. ‡ˆ | 46,621 | 1,017 | ||||||
Jazz Pharmaceuticals, Inc. ‡ | 20,000 | 667 | ||||||
Nektar Therapeutics ‡ˆ | 58,044 | 422 | ||||||
Salix Pharmaceuticals, Ltd. ‡ˆ | 18,100 | 721 | ||||||
SuperGen, Inc. ‡ˆ | 206,800 | 616 | ||||||
Professional Services - 2.1% | ||||||||
FTI Consulting, Inc. ‡ˆ | 15,300 | 580 | ||||||
Huron Consulting Group, Inc. ‡ˆ | 24,685 | 746 | ||||||
Korn/Ferry International ‡ˆ | 25,600 | 563 | ||||||
TrueBlue, Inc. ‡ˆ | 44,492 | 644 | ||||||
VSE Corp. ˆ | 7,553 | 188 | ||||||
Real Estate Management & Development - 0.5% | ||||||||
Altisource Portfolio Solutions SA ‡ | 16,500 | 607 | ||||||
Road & Rail - 1.1% | ||||||||
Marten Transport, Ltd. ˆ | 22,161 | 479 | ||||||
Old Dominion Freight Line, Inc. ‡ˆ | 24,400 | 910 | ||||||
Semiconductors & Semiconductor Equipment - 5.7% | ||||||||
Amtech Systems, Inc. ‡ˆ | 22,533 | 465 | ||||||
Entegris, Inc. ‡ˆ | 75,500 | 764 | ||||||
Ezchip Semiconductor, Ltd. ‡ˆ | 28,000 | 1,035 | ||||||
Lattice Semiconductor Corp. ‡ˆ | 97,091 | 633 | ||||||
Mellanox Technologies, Ltd. ‡ | 21,424 | 639 | ||||||
Monolithic Power Systems, Inc. ‡ | 48,858 | 753 | ||||||
Nova Measuring Instruments, Ltd. ‡ | 35,900 | 363 | ||||||
NVE Corp. ‡ˆ | 8,983 | 525 | ||||||
O2Micro International, Ltd. ADR ‡ | 31,562 | 205 | ||||||
Omnivision Technologies, Inc. ‡ˆ | 22,700 | 790 | ||||||
Silicon Image, Inc. ‡ˆ | 92,030 | 595 | ||||||
Volterra Semiconductor Corp. ‡ˆ | 28,862 | 712 | ||||||
Software - 5.7% | ||||||||
ACI Worldwide, Inc. ‡ˆ | 22,198 | 750 | ||||||
BroadSoft, Inc. ‡ˆ | 17,907 | 683 | ||||||
Clicksoftware Technologies, Ltd. ˆ | 81,663 | 807 | ||||||
Interactive Intelligence, Inc. ‡ˆ | 24,307 | 852 | ||||||
Netscout Systems, Inc. ‡ˆ | 28,900 | 604 | ||||||
NICE Systems, Ltd. ADR ‡ ˆ | 25,063 | 911 | ||||||
OPNET Technologies, Inc. ˆ | 16,448 | 673 | ||||||
Progress Software Corp. ‡ˆ | 24,099 | 582 | ||||||
Sourcefire, Inc. ‡ˆ | 31,200 | 926 | ||||||
Ultimate Software Group, Inc. ‡ˆ | 11,700 | 637 | ||||||
Specialty Retail - 8.1% | ||||||||
Ascena Retail Group, Inc. ‡ˆ | 15,500 | 528 | ||||||
Buckle, Inc. ˆ | 21,900 | 936 | ||||||
Casual Male Retail Group, Inc. ‡ˆ | 143,598 | 596 | ||||||
Children’s Place Retail Stores, Inc. ‡ˆ | 17,900 | 796 | ||||||
Express, Inc. | 15,850 | 346 | ||||||
Finish Line, Inc. - Class A ˆ | 35,600 | 762 | ||||||
Genesco, Inc. ‡ˆ | 21,044 | 1,097 | ||||||
Hibbett Sports, Inc. ‡ˆ | 18,448 | 751 | ||||||
JOS A. Bank Clothiers, Inc. ‡ˆ | 14,371 | 719 | ||||||
Lithia Motors, Inc. - Class A | 19,395 | 381 | ||||||
Monro Muffler Brake, Inc. ˆ | 17,010 | 634 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 69
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
Specialty Retail (continued) | ||||||||
PEP Boys - Manny Moe & Jack ˆ | 51,900 | $ | 567 | |||||
Pier 1 Imports, Inc. ‡ˆ | 74,200 | 858 | ||||||
Rent-A-Center, Inc. ˆ | 25,700 | 785 | ||||||
Rush Enterprises, Inc. - Class A ‡ˆ | 25,919 | 493 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. ‡ˆ | 4,503 | 291 | ||||||
Textiles, Apparel & Luxury Goods - 3.4% | ||||||||
CROCS, Inc. ‡ˆ | 36,300 | 935 | ||||||
Iconix Brand Group, Inc. ‡ˆ | 29,400 | 711 | ||||||
Perry Ellis International, Inc. ‡ | 19,403 | 490 | ||||||
Steven Madden, Ltd. ‡ˆ | 22,899 | 859 | ||||||
Warnaco Group, Inc. ‡ˆ | 12,468 | 651 | ||||||
Wolverine World Wide, Inc. ˆ | 18,700 | 781 | ||||||
Trading Companies & Distributors - 1.5% | ||||||||
Applied Industrial Technologies, Inc. ˆ | 22,074 | 786 | ||||||
Beacon Roofing Supply, Inc. ‡ˆ | 33,400 | 762 | ||||||
DXP Enterprises, Inc. ‡ˆ | 13,920 | 353 | ||||||
Wireless Telecommunication Services - 0.5% | ||||||||
Novatel Wireless, Inc. ‡ˆ | 107,260 | 588 | ||||||
Total Common Stocks (cost $109,144) | 128,324 | |||||||
WARRANT 0.0% ∞ | ||||||||
Hotels, Restaurants & Leisure - 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, 0.22% ▲ | 33,481,490 | 33,481 | ||||||
Total Securities Lending Collateral (cost $33,481) | ||||||||
Total Investment Securities (cost $142,625) # | 161,805 | |||||||
Other Assets and Liabilities - Net | (31,242 | ) | ||||||
Net Assets | $ | 130,563 | ||||||
ˆ | All or a portion of this security is on loan. The value of all securities on loan is $32,401. | |
‡ | Non-income producing security. | |
∞ | Percentage rounds to less than 0.1%. | |
♦ | Value is less than $1 or zero. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
# | Aggregate cost for federal income tax purposes is $142,625. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $22,490 and $3,310, respectively. Net unrealized appreciation for tax purposes is $19,180. |
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 122,371 | $ | 5,953 | $ | — | $ | 128,324 | ||||||||
Securities Lending Collateral | 33,481 | — | — | 33,481 | ||||||||||||
Warrants | — | ♦ | — | ♦ | ||||||||||||
Total | $ | 155,852 | $ | 5,953 | $ | — | $ | 161,805 | ||||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 70
At June 30, 2011
(all amounts except share amounts in thousands)
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 2.6% | ||||||||
Germany - 2.6% | ||||||||
Volkswagen AG, 1.54% ▲ | 109,552 | $ | 22,655 | |||||
Total Preferred Stock (cost $10,155) | ||||||||
COMMON STOCKS - 95.6% | ||||||||
Australia - 1.7% | ||||||||
BHP Billiton, Ltd. | 315,101 | 14,892 | ||||||
Bermuda - 1.0% | ||||||||
SeaDrill, Ltd. | 241,095 | 8,477 | ||||||
Brazil - 2.9% | ||||||||
BM&FBOVESPA SA | 1,262,300 | 8,355 | ||||||
Embraer SA ADR ‡ˆ | 225,400 | 6,938 | ||||||
Natura Cosmeticos SA | 406,800 | 10,166 | ||||||
Canada - 5.3% | ||||||||
Canadian National Railway Co. ˆ | 165,950 | 13,273 | ||||||
Canadian Natural Resources, Ltd. ˆ | 300,700 | 12,606 | ||||||
Cenovus Energy, Inc. ˆ | 220,688 | 8,329 | ||||||
Potash Corp., of Saskatchewan, Inc. | 211,000 | 12,025 | ||||||
Cayman Islands - 0.5% | ||||||||
Tencent Holdings, Ltd. | 165,330 | 4,517 | ||||||
China - 4.7% | ||||||||
China Life Insurance Co., Ltd. - Class H | 2,293,157 | 7,918 | ||||||
China Merchants Bank Co., Ltd. - Class H | 4,696,845 | 11,426 | ||||||
Industrial & Commercial Bank of China - Class H | 17,435,900 | 13,298 | ||||||
Sinopharm Group Co., Ltd. - Class H | 2,458,090 | 8,269 | ||||||
Denmark - 2.3% | ||||||||
Novo Nordisk A/S - Class B | 161,164 | 20,191 | ||||||
France - 9.1% | ||||||||
Air Liquide SA | 116,149 | 16,640 | ||||||
BNP Paribas SA | 223,413 | 17,227 | ||||||
Lafarge SA ˆ | 170,525 | 10,866 | ||||||
LVMH Moet Hennessy Louis Vuitton SA ˆ | 118,733 | 21,335 | ||||||
Publicis Groupe SA ˆ | 237,798 | 13,275 | ||||||
Germany - 11.3% | ||||||||
Adidas AG | 173,300 | 13,740 | ||||||
Allianz SE | 95,600 | 13,331 | ||||||
Deutsche Bank AG | 220,300 | 13,002 | ||||||
Fresenius Medical Care AG & Co., KGaA | 221,589 | 16,574 | ||||||
SAP AG | 343,960 | 20,853 | ||||||
Siemens AG | 148,400 | 20,393 | ||||||
Hong Kong - 3.9% | ||||||||
CNOOC, Ltd. | 7,502,847 | 17,711 | ||||||
Hong Kong Exchanges & Clearing, Ltd. | 749,000 | 15,781 | ||||||
Ireland - 1.1% | ||||||||
Covidien PLC ˆ | 172,700 | 9,193 | ||||||
Israel - 2.2% | ||||||||
Check Point Software Technologies, Ltd. ‡ˆ | 34,400 | 1,956 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 352,994 | 17,021 | ||||||
Japan - 10.8% | ||||||||
Canon, Inc. ˆ | 235,324 | 11,193 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 5,021 | 7,041 | ||||||
Fanuc Corp. | 68,254 | 11,414 | ||||||
KDDI Corp. | 1,592 | 11,454 | ||||||
Komatsu, Ltd. ˆ | 670,504 | 20,936 | ||||||
Mitsubishi UFJ Financial Group, Inc. ˆ | 3,050,100 | 14,864 | ||||||
Toyota Motor Corp. | 403,391 | 16,611 | ||||||
Korea, Republic of - 2.1% | ||||||||
Hyundai Motor Co. | 82,930 | 18,488 | ||||||
Luxembourg - 1.7% | ||||||||
ArcelorMittal | 423,000 | 14,710 | ||||||
Mexico - 1.4% | ||||||||
Wal-Mart de Mexico SAB de CV - Series V ˆ | 4,202,800 | 12,474 | ||||||
Netherlands - 2.0% | ||||||||
ING Groep NV ‡ | 1,011,000 | 12,459 | ||||||
Yandex NV - Class A ‡ˆ | 129,900 | 4,613 | ||||||
Netherlands Antilles - 2.0% | ||||||||
Schlumberger, Ltd. | 205,200 | $ | 17,729 | |||||
Spain - 1.9% | ||||||||
Telefonica SA | 661,102 | 16,147 | ||||||
Sweden - 1.6% | ||||||||
Hennes & Mauritz AB - Class B | 414,571 | 14,295 | ||||||
Switzerland - 6.9% | ||||||||
Credit Suisse Group AG ‡ | 314,000 | 12,238 | ||||||
Julius Baer Group, Ltd. ‡ | 207,896 | 8,588 | ||||||
Nestle SA | 312,854 | 19,468 | ||||||
Novartis AG | 316,871 | 19,420 | ||||||
Taiwan - 2.0% | ||||||||
High Tech Computer Corp. | 513,205 | 17,352 | ||||||
Turkey - 1.0% | ||||||||
Turkiye Garanti Bankasi AS | 1,913,300 | 8,682 | ||||||
United Kingdom - 16.2% | ||||||||
ARM Holdings PLC | 944,943 | 8,886 | ||||||
BG Group PLC | 773,386 | 17,560 | ||||||
British American Tobacco PLC | 437,273 | 19,175 | ||||||
Carnival PLC ˆ | 364,198 | 14,112 | ||||||
Kingfisher PLC | 3,005,210 | 12,909 | ||||||
Pearson PLC | 477,637 | 9,036 | ||||||
Reckitt Benckiser Group PLC | 313,934 | 17,339 | ||||||
SABMiller PLC | 251,757 | 9,189 | ||||||
Standard Chartered PLC | 598,186 | 15,713 | ||||||
Tesco PLC | 2,744,957 | 17,735 | ||||||
Total Common Stocks (cost $610,270) | 831,408 | |||||||
SECURITIES LENDING COLLATERAL - 9.3% | ||||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.22%▲ | 80,713,670 | 80,714 | ||||||
Total Securities Lending Collateral (cost $80,714) |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.1% | ||||||||
State Street Bank & Trust Co. 0.01% ▲, dated 06/30/2011, to be repurchased at $9,762 on 07/01/2011. Collateralized by a U.S. Government Obligation, 1.75%, due 05/31/2016, with a value of $9,958. | $ | 9,762 | 9,762 | |||||
Total Repurchase Agreement (cost $9,762) | ||||||||
Total Investment Securities (cost $710,901) # | 944,539 | |||||||
Other Assets and Liabilities - Net | (74,751 | ) | ||||||
Net Assets | $ | 869,788 | ||||||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 71
At June 30, 2011
(all amounts in thousands)
Percentage of | ||||||||
INVESTMENTS BY INDUSTRY: | Total Investments | Value | ||||||
Commercial Banks | 8.6 | % | $ | 81,210 | ||||
Automobiles | 6.2 | 57,754 | ||||||
Pharmaceuticals | 6.0 | 56,632 | ||||||
Oil, Gas & Consumable Fuels | 5.9 | 56,206 | ||||||
Diversified Financial Services | 3.9 | 36,595 | ||||||
Textiles, Apparel & Luxury Goods | 3.7 | 35,075 | ||||||
Capital Markets | 3.5 | 33,828 | ||||||
Machinery | 3.4 | 32,350 | ||||||
Food & Staples Retailing | 3.2 | 30,209 | ||||||
Metals & Mining | 3.2 | 29,602 | ||||||
Chemicals | 3.1 | 28,665 | ||||||
Insurance | 2.9 | 28,290 | ||||||
Specialty Retail | 2.9 | 27,204 | ||||||
Energy Equipment & Services | 2.8 | 26,206 | ||||||
Health Care Providers & Services | 2.7 | 24,843 | ||||||
Software | 2.3 | 22,809 | ||||||
Media | 2.4 | 22,311 | ||||||
Industrial Conglomerates | 2.2 | 20,393 | ||||||
Food Products | 2.1 | 19,468 | ||||||
Tobacco | 2.0 | 19,175 | ||||||
Communications Equipment | 1.8 | 17,352 | ||||||
Household Products | 1.8 | 17,339 | ||||||
Diversified Telecommunication Services | 1.7 | 16,147 | ||||||
Hotels, Restaurants & Leisure | 1.5 | 14,112 | ||||||
Road & Rail | 1.4 | 13,273 | ||||||
Wireless Telecommunication Services | 1.2 | 11,454 | ||||||
Office Electronics | 1.2 | 11,193 | ||||||
Construction Materials | 1.2 | 10,866 | ||||||
Personal Products | 1.1 | 10,166 | ||||||
Health Care Equipment & Supplies | 1.0 | 9,193 | ||||||
Beverages | 1.0 | 9,189 | ||||||
Internet Software & Services | 1.0 | 9,130 | ||||||
Semiconductors & Semiconductor Equipment | 0.9 | 8,886 | ||||||
Aerospace & Defense | 0.7 | 6,938 | ||||||
Investment Securities, at Value | 90.5 | 854,063 | ||||||
Short-Term Investments | 9.5 | 90,476 | ||||||
Total Investments | 100.0 | % | $ | 944,539 | ||||
Amount in U.S. | Net Unrealized | |||||||||||||||
Settlement | Dollars Bought | Appreciation | ||||||||||||||
Currency | Bought (Sold) | Date | (Sold) | (Depreciation) | ||||||||||||
Euro | (25,150 | ) | 08/24/2011 | $ | (35,542 | ) | $ | (871 | ) | |||||||
Euro | (17,016 | ) | 11/09/2011 | (24,386 | ) | (193 | ) | |||||||||
$ | (1,064 | ) | ||||||||||||||
ˆ | All or a portion of this security is on loan. The value of all securities on loan is $77,224. | |
▲ | Rate shown reflects the yield at 06/30/2011. | |
‡ | Non-income producing security. | |
# | Aggregate cost for federal income tax purposes is $710,901. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $245,350 and $11,712, respectively. Net unrealized appreciation for tax purposes is $233,638. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 72
At June 30, 2011
(all amounts in thousands)
(unaudited)
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Common Stocks | $ | 114,888 | $ | 716,520 | $ | — | $ | 831,408 | ||||||||
Preferred Stocks | — | 22,655 | — | 22,655 | ||||||||||||
Repurchase Agreement | — | 9,762 | — | 9,762 | ||||||||||||
Securities Lending Collateral | 80,714 | — | — | 80,714 | ||||||||||||
Total | $ | 195,602 | $ | 748,937 | $ | — | $ | 944,539 | ||||||||
Level 2 - | ||||||||||||||||
Other | Level 3 - | |||||||||||||||
Level 1 - | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Total at | |||||||||||||
Other Financial Instruments ₣ | Prices | Inputs | Inputs | 06/30/2011 | ||||||||||||
Forward Foreign Currency Contracts - Depreciation | $ | — | $ | (1,064 | ) | $ | — | $ | (1,064 | ) |
Э | See the Notes to the Financial Statements for more information regarding pricing inputs and valuation techniques. | |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 73
At June 30, 2011
(all amounts in thousands)
Inflation- | ||||||||||||||||||||||||
High Quality | Protected | |||||||||||||||||||||||
Money Market | Bond | Securities | Core Bond | High Yield Bond | Balanced | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 900,520 | $ | 482,460 | $ | 367,802 | $ | 1,827,871 | $ | 709,568 | $ | 144,706 | ||||||||||||
Repurchase agreements, at value | 81,565 | 6,731 | 21,326 | 4,163 | 34,245 | 771 | ||||||||||||||||||
Cash on deposit with broker | — | — | — | 33 | — | 30 | ||||||||||||||||||
Cash | — | — | — | 16 | 650 | — | ||||||||||||||||||
Foreign currency, at value | — | — | 1 | 461 | — | 26 | ||||||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | 2 | 1 | — | — | ||||||||||||||||||
Unrealized appreciation on swap agreements | — | — | 202 | 1,088 | — | — | ||||||||||||||||||
Premium paid on swap agreements | — | — | — | 2,476 | — | — | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Due from advisor | — | — | — | — | — | 12 | ||||||||||||||||||
Investment securities sold | — | — | — | 860,599 | 4,593 | 15,210 | ||||||||||||||||||
Interest | 398 | 2,828 | 2,549 | 11,795 | 12,949 | 309 | ||||||||||||||||||
Dividends | — | — | — | — | 12 | 78 | ||||||||||||||||||
Securities lending income (net) | — | 5 | 6 | 13 | — | 5 | ||||||||||||||||||
Variation margin | — | — | 61 | 183 | — | 2 | ||||||||||||||||||
Other | 2 | 1 | — | 3 | 1 | — | (A) | |||||||||||||||||
Prepaid expenses | 5 | 2 | 2 | 7 | 3 | — | (A) | |||||||||||||||||
982,490 | 492,027 | 391,951 | 2,708,709 | 762,021 | 161,149 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Cash on deposit with custodian | — | — | — | 6,100 | — | — | ||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Collateral for securities on loan | — | 22,227 | 26,036 | 65,600 | — | 25,077 | ||||||||||||||||||
Investment securities purchased | — | — | 2,152 | 891,739 | 11,777 | 15,789 | ||||||||||||||||||
Advisory fees | 203 | 138 | 102 | 452 | 335 | 43 | ||||||||||||||||||
Custody fees | 29 | 16 | 20 | 146 | 28 | 43 | ||||||||||||||||||
Interest from securities sold short | — | — | — | 229 | — | 7 | ||||||||||||||||||
Audit and tax fees | 9 | 9 | 10 | 11 | 10 | 10 | ||||||||||||||||||
Legal fees | 28 | 12 | 8 | 42 | 18 | 3 | ||||||||||||||||||
Other | 8 | 3 | 2 | 7 | 5 | 1 | ||||||||||||||||||
Unrealized depreciation on swap agreements | — | — | 128 | 922 | — | — | ||||||||||||||||||
Premium received on swap agreements | — | — | — | 522 | — | — | ||||||||||||||||||
Securities sold short, at value | — | — | — | 132,759 | — | 3,840 | ||||||||||||||||||
Written options and swaptions, at value | — | — | 3,037 | 26,026 | — | 13 | ||||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 37 | — | — | — | ||||||||||||||||||
277 | 22,405 | 31,532 | 1,124,555 | 12,173 | 44,826 | |||||||||||||||||||
Net Assets | $ | 982,213 | $ | 469,622 | $ | 360,419 | $ | 1,584,154 | $ | 749,848 | $ | 116,323 | ||||||||||||
Investment securities, at cost | $ | 900,520 | $ | 476,541 | $ | 355,598 | $ | 1,829,283 | $ | 696,431 | $ | 143,250 | ||||||||||||
Repurchase agreements, at cost | $ | 81,565 | $ | 6,731 | $ | 21,326 | $ | 4,163 | $ | 34,245 | $ | 771 | ||||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | (33 | ) | $ | 434 | $ | — | $ | 28 | |||||||||||
Securities loaned, at value | $ | — | $ | 21,779 | $ | 25,525 | $ | 62,982 | $ | — | $ | 24,516 | ||||||||||||
Proceeds from securities sold short | $ | — | $ | — | $ | — | $ | 133,225 | $ | — | $ | 3,850 | ||||||||||||
Premium on written options and swaptions | $ | — | $ | — | $ | 3,200 | $ | 26,946 | $ | — | $ | 24 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 74
At June 30, 2011
(all amounts in thousands)
(unaudited)
Large Value | Large Core | Large Growth | Mid Value | Mid Growth | Small Value | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 997,205 | $ | 302,767 | $ | 1,229,699 | $ | 945,427 | $ | 317,173 | $ | 141,796 | ||||||||||||
Repurchase agreements, at value | 14,793 | 4,768 | 14,352 | 23,378 | 1,909 | 4,970 | ||||||||||||||||||
Cash | — | — | 21 | 82 | — | 1 | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Due from advisor | — | — | 4 | — | — | (A) | 2 | |||||||||||||||||
Investment securities sold | 14,648 | 5,196 | 11,563 | 11,265 | 7,343 | 244 | ||||||||||||||||||
Dividends | 1,109 | 241 | 939 | 1,156 | 113 | 98 | ||||||||||||||||||
Dividend reclaims | — | — | 82 | 15 | — | — | ||||||||||||||||||
Securities lending income (net) | 13 | 10 | 37 | 20 | 12 | 5 | ||||||||||||||||||
Other | 2 | — | (A) | 2 | 2 | — | (A) | — | (A) | |||||||||||||||
Prepaid expenses | 4 | 1 | 4 | 3 | 1 | — | (A) | |||||||||||||||||
1,027,774 | 312,983 | 1,256,703 | 981,348 | 326,551 | 147,116 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Collateral for securities on loan | 25,892 | 45,816 | 93,205 | 70,439 | 64,873 | 29,961 | ||||||||||||||||||
Investment securities purchased | 12,149 | 5,529 | 6,299 | 6,460 | 7,323 | — | ||||||||||||||||||
Advisory fees | 357 | 126 | 571 | 489 | 146 | 79 | ||||||||||||||||||
Custody fees | 22 | 7 | 52 | 17 | 7 | 6 | ||||||||||||||||||
Audit and tax fees | 10 | 10 | 10 | 9 | 9 | 9 | ||||||||||||||||||
Legal fees | 26 | 7 | 31 | 23 | 7 | 4 | ||||||||||||||||||
Other | — | (A) | 4 | 2 | 7 | 2 | 1 | |||||||||||||||||
38,456 | 51,499 | 100,170 | 77,444 | 72,367 | 30,060 | |||||||||||||||||||
Net Assets | $ | 989,318 | $ | 261,484 | $ | 1,156,533 | $ | 903,904 | $ | 254,184 | $ | 117,056 | ||||||||||||
Investment securities, at cost | $ | 859,736 | $ | 265,845 | $ | 1,033,174 | $ | 804,702 | $ | 276,263 | $ | 120,934 | ||||||||||||
Repurchase agreements, at cost | $ | 14,793 | $ | 4,768 | $ | 14,352 | $ | 23,378 | $ | 1,909 | $ | 4,970 | ||||||||||||
Securities loaned, at value | $ | 25,305 | $ | 44,736 | $ | 91,112 | $ | 68,813 | $ | 63,437 | $ | 29,250 |
International | ||||||||||||
Small Core | Small Growth | Equity | ||||||||||
Assets: | ||||||||||||
Investment securities, at value | $ | 429,618 | $ | 161,805 | $ | 934,777 | ||||||
Repurchase agreements, at value | 7,364 | — | 9,762 | |||||||||
Cash | — | — | 9 | |||||||||
Foreign currency, at value | — | — | 2,394 | |||||||||
Receivables: | ||||||||||||
Due from advisor | — | 3 | — | |||||||||
Investment securities sold | 14,446 | 5,346 | — | |||||||||
Dividends | 288 | 28 | 1,879 | |||||||||
Dividend reclaims | — | — | 4,092 | |||||||||
Securities lending income (net) | 20 | 17 | 28 | |||||||||
Variation margin | 12 | — | — | |||||||||
Other | 1 | — | (A) | 1 | ||||||||
Prepaid expenses | 1 | — | (A) | 3 | ||||||||
451,750 | 167,199 | 952,945 | ||||||||||
Liabilities: | ||||||||||||
Cash | — | 1,800 | — | |||||||||
Accounts payable and accrued liabilities: | ||||||||||||
Collateral for securities on loan | 89,282 | 33,481 | 80,714 | |||||||||
Investment securities purchased | 14,250 | 1,245 | 668 | |||||||||
Advisory fees | 221 | 93 | 525 | |||||||||
Custody fees | 21 | 3 | 145 | |||||||||
Audit and tax fees | 9 | 9 | 12 | |||||||||
Legal fees | 9 | 4 | 22 | |||||||||
Other | 3 | 1 | 7 | |||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 1,064 | |||||||||
103,795 | 36,636 | 83,157 | ||||||||||
Net Assets | $ | 347,955 | $ | 130,563 | $ | 869,788 | ||||||
Investment securities, at cost | $ | 352,349 | $ | 142,625 | $ | 701,139 | ||||||
Repurchase agreements, at cost | $ | 7,364 | $ | — | $ | 9,762 | ||||||
Foreign currency, at cost | $ | — | $ | — | $ | 2,377 | ||||||
Securities loaned, at value | $ | 86,254 | $ | 32,401 | $ | 77,224 |
(A) | Rounds to less than $1. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 75
For the period ended June 30, 2011
(all amounts in thousands)
(unaudited)
Inflation- | ||||||||||||||||||||||||
High Quality | Protected | |||||||||||||||||||||||
Money Market | Bond | Securities | Core Bond | High Yield Bond | Balanced | |||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Interest income | $ | 1,304 | $ | 6,841 | $ | 9,291 | $ | 31,027 | $ | 32,246 | $ | 922 | ||||||||||||
Securities lending income (net) | — | 23 | 25 | 52 | — | 15 | ||||||||||||||||||
Dividend income | — | — | — | 12 | 85 | 644 | ||||||||||||||||||
Withholding taxes on foreign income | — | — | — | (7 | ) | — | — | (A) | ||||||||||||||||
1,304 | 6,864 | 9,316 | 31,084 | 32,331 | 1,581 | |||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Advisory | 1,266 | 837 | 575 | 2,686 | 1,989 | 262 | ||||||||||||||||||
Custody | 67 | 34 | 45 | 284 | 73 | 91 | ||||||||||||||||||
Audit and tax | 7 | 7 | 8 | 9 | 8 | 9 | ||||||||||||||||||
Legal | 31 | 14 | 10 | 47 | 21 | 3 | ||||||||||||||||||
Printing and shareholder reports | 1 | — | (A) | — | (A) | 2 | 1 | — | (A) | |||||||||||||||
Trustee and CCO | 11 | 5 | 3 | 17 | 7 | 1 | ||||||||||||||||||
Other | 10 | 4 | 3 | 14 | 6 | 1 | ||||||||||||||||||
Total expenses | 1,393 | 901 | 644 | 3,059 | 2,105 | 367 | ||||||||||||||||||
Expenses reimbursed/waived | — | — | — | — | — | (76 | ) | |||||||||||||||||
Net expenses | 1,393 | 901 | 644 | 3,059 | 2,105 | 291 | ||||||||||||||||||
Net investment income (loss) | (89 | ) | 5,963 | 8,672 | 28,025 | 30,226 | 1,290 | |||||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||||||
Investment securities | 3 | 280 | 3,497 | 16,292 | 12,218 | 5,251 | ||||||||||||||||||
Swap agreements | — | — | (134 | ) | (2,001 | ) | — | — | ||||||||||||||||
Futures contracts | — | — | (909 | ) | (2,776 | ) | — | (265 | ) | |||||||||||||||
Written option and swaption contracts | — | — | 191 | 2,967 | — | 13 | ||||||||||||||||||
Foreign currency transactions | — | — | (110 | ) | (405 | ) | — | (1 | ) | |||||||||||||||
3 | 280 | 2,535 | 14,077 | 12,218 | 4,998 | |||||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | — | 947 | 4,605 | (2,551 | ) | (7,918 | ) | (1,396 | ) | |||||||||||||||
Swap agreements | — | — | 63 | (2,053 | ) | — | — | |||||||||||||||||
Futures contracts | — | — | 182 | (175 | ) | — | 70 | |||||||||||||||||
Written option and swaption contracts | — | — | 92 | 429 | — | 14 | ||||||||||||||||||
Securities sold short | — | — | — | 46 | — | (8 | ) | |||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (44 | ) | (58 | ) | — | (2 | ) | |||||||||||||||
— | 947 | 4,898 | (4,362 | ) | (7,918 | ) | (1,322 | ) | ||||||||||||||||
Net realized and unrealized gain | 3 | 1,227 | 7,433 | 9,715 | 4,300 | 3,676 | ||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | (86 | ) | $ | 7,190 | $ | 16,105 | $ | 37,740 | $ | 34,526 | $ | 4,966 | |||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report |
Page 76
For the period ended June 30, 2011
(all amounts in thousands)
(unaudited)
Large Value | Large Core | Large Growth | Mid Value | Mid Growth | Small Value | |||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Interest income | $ | — | (A) | $ | — | $ | — | (A) | $ | 1 | $ | — | (A) | $ | — | (A) | ||||||||
Securities lending income (net) | 140 | 38 | 187 | 86 | 51 | 25 | ||||||||||||||||||
Dividend income | 10,038 | 2,422 | 5,404 | 7,371 | 438 | 831 | ||||||||||||||||||
Withholding taxes on foreign income | (3 | ) | (1 | ) | (48 | ) | (7 | ) | — | — | ||||||||||||||
10,175 | 2,459 | 5,543 | 7,451 | 489 | 856 | |||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Advisory | 2,246 | 777 | 3,598 | 3,042 | 923 | 509 | ||||||||||||||||||
Custody | 49 | 16 | 129 | 51 | 18 | 15 | ||||||||||||||||||
Audit and tax | 8 | 8 | 8 | 7 | 8 | 8 | ||||||||||||||||||
Legal | 30 | 8 | 35 | 27 | 8 | 4 | ||||||||||||||||||
Printing and shareholder reports | 1 | — | (A) | 1 | 1 | — | (A) | — | (A) | |||||||||||||||
Trustee and CCO | 11 | 3 | 13 | 10 | 3 | 1 | ||||||||||||||||||
Other | 8 | 2 | 9 | 7 | 2 | 1 | ||||||||||||||||||
Total expenses | 2,353 | 814 | 3,793 | 3,145 | 962 | 538 | ||||||||||||||||||
Expenses reimbursed/waived | — | — | (21 | ) | — | (1 | ) | (11 | ) | |||||||||||||||
Net expenses | 2,353 | 814 | 3,772 | 3,145 | 961 | 527 | ||||||||||||||||||
Net investment income (loss) | 7,822 | 1,645 | 1,771 | 4,306 | (472 | ) | 329 | |||||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||||||
Investment securities | 64,821 | 15,944 | 88,250 | 75,787 | 38,463 | 7,604 | ||||||||||||||||||
Foreign currency transactions | — | (A) | 1 | (18 | ) | — | (A) | — | — | |||||||||||||||
64,821 | 15,945 | 88,232 | 75,787 | 38,463 | 7,604 | |||||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | 11,295 | 2,271 | (12,837 | ) | (12,223 | ) | (19,982 | ) | (337 | ) | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (A) | — | (A) | (1 | ) | — | (A) | — | — | ||||||||||||||
11,295 | 2,271 | (12,838 | ) | (12,223 | ) | (19,982 | ) | (337 | ) | |||||||||||||||
Net realized and unrealized gain | 76,116 | 18,216 | 75,394 | 63,564 | 18,481 | 7,267 | ||||||||||||||||||
Net increase in net assets resulting from operations | $ | 83,938 | $ | 19,861 | $ | 77,165 | $ | 67,870 | $ | 18,009 | $ | 7,596 | ||||||||||||
International | ||||||||||||||||||||||||
Small Core | Small Growth | Equity | ||||||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Interest income | $ | — | (A) | $ | — | $ | — | (A) | ||||||||||||||||
Securities lending income (net) | 115 | 94 | 490 | |||||||||||||||||||||
Dividend income | 1,747 | 249 | 15,151 | |||||||||||||||||||||
Withholding taxes on foreign income | — | (2 | ) | (1,398 | ) | |||||||||||||||||||
1,862 | 341 | 14,243 | ||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Advisory | 1,381 | 597 | 3,286 | |||||||||||||||||||||
Custody | 45 | 21 | 269 | |||||||||||||||||||||
Audit and tax | 7 | 7 | 10 | |||||||||||||||||||||
Legal | 10 | 4 | 26 | |||||||||||||||||||||
Printing and shareholder reports | — | (A) | — | (A) | 1 | |||||||||||||||||||
Trustee and CCO | 4 | 2 | 10 | |||||||||||||||||||||
Other | 3 | 1 | 7 | |||||||||||||||||||||
Total expenses | 1,450 | 632 | 3,609 | |||||||||||||||||||||
Expenses reimbursed/waived | — | (15 | ) | — | ||||||||||||||||||||
Net expenses | 1,450 | 617 | 3,609 | |||||||||||||||||||||
Net investment income (loss) | 412 | (276 | ) | 10,634 | ||||||||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||||||
Investment securities | 33,846 | 19,091 | 50,428 | |||||||||||||||||||||
Futures contracts | 135 | — | — | |||||||||||||||||||||
Foreign currency transactions | — | — | (A) | (4,071 | ) | |||||||||||||||||||
33,981 | 19,091 | 46,357 | ||||||||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | (11,973 | ) | (9,350 | ) | (9,246 | ) | ||||||||||||||||||
Futures contracts | 26 | — | — | |||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (A) | 1,744 | ||||||||||||||||||||
(11,947 | ) | (9,350 | ) | (7,502 | ) | |||||||||||||||||||
Net realized and unrealized gain | 22,034 | 9,741 | 38,855 | |||||||||||||||||||||
Net increase in net assets resulting from operations | $ | 22,446 | $ | 9,465 | $ | 49,489 | ||||||||||||||||||
(A) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report |
Page 77
For the period and years ended:
(all amounts in thousands)
Money Market | High Quality Bond | Inflation-Protected Securities | ||||||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (89 | ) | $ | 251 | $ | 5,963 | $ | 14,025 | $ | 8,672 | $ | 7,069 | |||||||||||
Net realized gain | 3 | 7 | 280 | 3,943 | 2,535 | 14,798 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) | — | — | 947 | 1,444 | 4,898 | (795 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (86 | ) | 258 | 7,190 | 19,412 | 16,105 | 21,072 | |||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 227,962 | 662,569 | 122,918 | 195,218 | 49,322 | 57,416 | ||||||||||||||||||
Withdrawals | (311,059 | ) | (730,338 | ) | (124,187 | ) | (228,017 | ) | (33,018 | ) | (120,488 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from transactions in investors’ beneficial interests | (83,097 | ) | (67,769 | ) | (1,269 | ) | (32,799 | ) | 16,304 | (63,072 | ) | |||||||||||||
Net increase (decrease) in net assets | (83,183 | ) | (67,511 | ) | 5,921 | (13,387 | ) | 32,409 | (42,000 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,065,396 | 1,132,907 | 463,701 | 477,088 | 328,010 | 370,010 | ||||||||||||||||||
End of period/year | $ | 982,213 | $ | 1,065,396 | $ | 469,622 | $ | 463,701 | $ | 360,419 | $ | 328,010 | ||||||||||||
Core Bond | High Yield Bond | Balanced | ||||||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 28,025 | $ | 62,549 | $ | 30,226 | $ | 58,452 | $ | 1,290 | $ | 2,981 | ||||||||||||
Net realized gain | 14,077 | 43,546 | 12,218 | 22,236 | 4,998 | 2,358 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) | (4,362 | ) | 32,634 | (7,918 | ) | 16,058 | (1,322 | ) | 10,743 | |||||||||||||||
Net increase in net assets resulting from operations | 37,740 | 138,729 | 34,526 | 96,746 | 4,966 | 16,082 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 177,557 | 314,602 | 71,805 | 189,188 | 3,082 | 7,343 | ||||||||||||||||||
Withdrawals | (253,149 | ) | (580,856 | ) | (65,566 | ) | (218,768 | ) | (8,062 | ) | (44,822 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from transactions in investors’ beneficial interests | (75,592 | ) | (266,254 | ) | 6,239 | (29,580 | ) | (4,980 | ) | (37,479 | ) | |||||||||||||
Net increase (decrease) in net assets | (37,852 | ) | (127,525 | ) | 40,765 | 67,166 | (14 | ) | (21,397 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,622,006 | 1,749,531 | 709,083 | 641,917 | 116,337 | 137,734 | ||||||||||||||||||
End of period/year | $ | 1,584,154 | $ | 1,622,006 | $ | 749,848 | $ | 709,083 | $ | 116,323 | $ | 116,337 | ||||||||||||
Large Value | Large Core | Large Growth | ||||||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 7,822 | $ | 17,446 | $ | 1,645 | $ | 3,762 | $ | 1,771 | $ | 6,494 | ||||||||||||
Net realized gain | 64,821 | 109,679 | 15,945 | 8,624 | 88,232 | 130,845 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 11,295 | 10,261 | 2,271 | 15,463 | (12,838 | ) | 37,120 | |||||||||||||||||
Net increase in net assets resulting from operations | 83,938 | 137,386 | 19,861 | 27,849 | 77,165 | 174,459 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 34,526 | 97,725 | 7,596 | 25,843 | 29,479 | 77,698 | ||||||||||||||||||
Withdrawals | (143,261 | ) | (484,459 | ) | (21,968 | ) | (78,593 | ) | (126,694 | ) | (417,094 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (108,735 | ) | (386,734 | ) | (14,372 | ) | (52,750 | ) | (97,215 | ) | (339,396 | ) | ||||||||||||
Net increase (decrease) in net assets | (24,797 | ) | (249,348 | ) | 5,489 | (24,901 | ) | (20,050 | ) | (164,937 | ) | |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 1,014,115 | 1,263,463 | 255,995 | 280,896 | 1,176,583 | 1,341,520 | ||||||||||||||||||
End of period/year | $ | 989,318 | $ | 1,014,115 | $ | 261,484 | $ | 255,995 | $ | 1,156,533 | $ | 1,176,583 | ||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report |
Page 78
For the period and years ended:
(all amounts in thousands)
Mid Value | Mid Growth | Small Value | ||||||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 4,306 | $ | 9,412 | $ | (472 | ) | $ | (874 | ) | $ | 329 | $ | 1,114 | ||||||||||
Net realized gain | 75,787 | 64,305 | 38,463 | 41,475 | 7,604 | 15,484 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) | (12,223 | ) | 87,619 | (19,982 | ) | 22,589 | (337 | ) | 11,023 | |||||||||||||||
Net increase in net assets resulting from operations | 67,870 | 161,336 | 18,009 | 63,190 | 7,596 | 27,621 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 35,978 | 269,938 | 12,165 | 39,943 | 2,848 | 12,187 | ||||||||||||||||||
Withdrawals | (109,078 | ) | (330,801 | ) | (45,723 | ) | (85,149 | ) | (27,815 | ) | (51,108 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (73,100 | ) | (60,863 | ) | (33,558 | ) | (45,206 | ) | (24,967 | ) | (38,921 | ) | ||||||||||||
Net increase (decrease) in net assets | (5,230 | ) | 100,473 | (15,549 | ) | 17,984 | (17,371 | ) | (11,300 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 909,134 | 808,661 | 269,733 | 251,749 | 134,427 | 145,727 | ||||||||||||||||||
End of period/year | $ | 903,904 | $ | 909,134 | $ | 254,184 | $ | 269,733 | $ | 117,056 | $ | 134,427 | ||||||||||||
Small Core | Small Growth | International Equity | ||||||||||||||||||||||
June 30, 2011 | December 31, | June 30, 2011 | December 31, | June 30, 2011 | December 31, | |||||||||||||||||||
(unaudited) | 2010 | (unaudited) | 2010 | (unaudited) | 2010 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 412 | $ | 1,356 | $ | (276 | ) | $ | (564 | ) | $ | 10,634 | $ | 12,864 | ||||||||||
Net realized gain | 33,981 | 47,999 | 19,091 | 21,668 | 46,357 | 66,537 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) | (11,947 | ) | 34,164 | (9,350 | ) | 10,962 | (7,502 | ) | 32,655 | |||||||||||||||
Net increase in net assets resulting from operations | 22,446 | 83,519 | 9,465 | 32,066 | 49,489 | 112,056 | ||||||||||||||||||
From transactions in investors’ beneficial interests: | ||||||||||||||||||||||||
Contributions | 12,289 | 24,934 | 4,655 | 15,020 | 35,409 | 84,159 | ||||||||||||||||||
Withdrawals | (28,378 | ) | (106,899 | ) | (26,288 | ) | (57,079 | ) | (108,370 | ) | (347,004 | ) | ||||||||||||
Net decrease in net assets resulting from transactions in investors’ beneficial interests | (16,089 | ) | (81,965 | ) | (21,633 | ) | (42,059 | ) | (72,961 | ) | (262,845 | ) | ||||||||||||
Net increase (decrease) in net assets | 6,357 | 1,554 | (12,168 | ) | (9,993 | ) | (23,472 | ) | (150,789 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of year | 341,598 | 340,044 | 142,731 | 152,724 | 893,260 | 1,044,049 | ||||||||||||||||||
End of period/year | $ | 347,955 | $ | 341,598 | $ | 130,563 | $ | 142,731 | $ | 869,788 | $ | 893,260 | ||||||||||||
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report |
Page 79
For the period and years ended:
Money Market | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 982,213 | $ | 1,065,396 | $ | 1,132,907 | $ | 1,325,802 | $ | 1,050,796 | $ | 925,941 | ||||||||||||
Total return | — | (A) | 0.02 | % | 0.36 | % | 2.44 | % | 5.17 | % | 4.86 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.28 | % (B) | 0.28 | % | 0.27 | % | 0.27 | % | 0.28 | % | 0.28 | % | ||||||||||||
Before reimbursement | 0.28 | % (B) | 0.28 | % | 0.27 | % | 0.27 | % | 0.28 | % | 0.28 | % | ||||||||||||
Net investment income (loss), to average net assets | (0.02 | %) (B) | 0.02 | % | 0.37 | % | 2.43 | % | 5.01 | % | 4.77 | % |
High Quality Bond | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 469,622 | $ | 463,701 | $ | 477,088 | $ | 421,232 | $ | 833,291 | $ | 817,623 | ||||||||||||
Total return | 1.51 | % (A) | 4.20 | % | 9.83 | % | 0.55 | % | 5.34 | % | 4.38 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.38 | % (B) | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||||
Before reimbursement | 0.38 | % (B) | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||||
Net investment income, to average net assets | 2.49 | % (B) | 2.99 | % | 3.75 | % | 4.24 | % | 4.38 | % | 4.03 | % | ||||||||||||
Portfolio turnover rate | 48 | % (A) | 87 | % | 104 | % | 64 | % | 56 | % | 55 | % |
Inflation-Protected Securities | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 360,419 | $ | 328,010 | $ | 370,010 | $ | 389,198 | $ | 149,013 | $ | 150,681 | ||||||||||||
Total return | 5.07 | % (A) | 6.23 | % | 10.22 | % | (2.14 | %) | 10.16 | % | 3.48 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.39 | % (B) | 0.38 | % | 0.40 | % | 0.39 | % | 0.40 | % | 0.40 | % | ||||||||||||
Before reimbursement | 0.39 | % (B) | 0.38 | % | 0.40 | % | 0.39 | % | 0.42 | % | 0.41 | % | ||||||||||||
Net investment income, to average net assets | 5.28 | % (B) | 2.04 | % | 1.02 | % | 4.99 | % | 5.26 | % | 4.50 | % | ||||||||||||
Portfolio turnover rate | 53 | % (A) | 117 | % | 118 | % | 154 | % | 340 | % | 525 | % |
Core Bond | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 1,584,154 | $ | 1,622,006 | $ | 1,749,531 | $ | 1,667,313 | $ | 2,248,880 | $ | 2,077,821 | ||||||||||||
Total return | 2.52 | % (A) | 8.26 | % | 12.89 | % | (1.83 | %) | 6.67 | % | 4.17 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.40 | % (B) | 0.39 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||||
Before reimbursement | 0.40 | % (B) | 0.39 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||||
Net investment income, to average net assets | 3.65 | % (B) | 3.65 | % | 4.45 | % | 5.12 | % | 4.81 | % | 4.50 | % | ||||||||||||
Portfolio turnover rate | 303 | % (A) | 633 | % | 1,014 | % (C) | 530 | % | 503 | % | 487 | % |
High Yield Bond | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 749,848 | $ | 709,083 | $ | 641,917 | $ | 439,863 | $ | 538,727 | $ | 502,330 | ||||||||||||
Total return | 4.92 | % (A) | 15.81 | % | 57.21 | % | (28.90 | %) | 2.02 | % | 11.99 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.58 | % (B) | 0.59 | % | 0.59 | % | 0.58 | % | 0.58 | % | 0.59 | % | ||||||||||||
Before reimbursement | 0.58 | % (B) | 0.59 | % | 0.59 | % | 0.58 | % | 0.58 | % | 0.59 | % | ||||||||||||
Net investment income, to average net assets | 8.36 | % (B) | 8.84 | % | 10.10 | % | 9.57 | % | 7.97 | % | 7.86 | % | ||||||||||||
Portfolio turnover rate | 48 | % (A) | 98 | % | 98 | % | 54 | % | 96 | % | 93 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report |
Page 80
For the period and years ended:
Balanced | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 116,323 | $ | 116,337 | $ | 137,734 | $ | 168,930 | $ | 318,635 | $ | 381,649 | ||||||||||||
Total return | 4.46 | % (A) | 13.91 | % | 23.45 | % | (26.71 | )% | 1.79 | % | 11.74 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.50 | % (B) | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | ||||||||||||
Before reimbursement | 0.63 | % (B) | 0.59 | % | 0.55 | % | 0.53 | % | 0.52 | % | 0.53 | % | ||||||||||||
Net investment income, to average net assets | 2.21 | % (B) | 2.42 | % | 3.01 | % | 3.45 | % | 2.87 | % | 2.72 | % | ||||||||||||
Portfolio turnover rate | 162 | % (A) | 211 | % | 167 | % | 154 | % | 226 | % | 224 | % |
Large Value | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 989,318 | $ | 1,014,115 | $ | 1,263,463 | $ | 1,450,970 | $ | 3,165,025 | $ | 3,538,944 | ||||||||||||
Total return | 8.63 | % (A) | 14.66 | % | 16.71 | % | (42.94 | )% | (1.75 | )% | 20.68 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.47 | % (B) | 0.47 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||||
Before reimbursement | 0.47 | % (B) | 0.47 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||||
Net investment income, to average net assets | 1.57 | % (B) | 1.65 | % | 2.22 | % | 2.53 | % | 1.68 | % | 1.47 | % | ||||||||||||
Portfolio turnover rate | 32 | % (A) | 62 | % | 124 | % (C) | 26 | % | 30 | % | 31 | % |
Large Core | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 261,484 | $ | 255,995 | $ | 280,896 | $ | 281,774 | $ | 903,262 | $ | 1,159,020 | ||||||||||||
Total return | 7.98 | % (A) | 11.79 | % | 23.36 | % | (36.65 | )% | 2.11 | % | 11.77 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.63 | % (B) | 0.63 | % | 0.62 | % | 0.65 | % | 0.64 | % | 0.63 | % | ||||||||||||
Before reimbursement | 0.63 | % (B) | 0.63 | % | 0.62 | % | 0.65 | % | 0.64 | % | 0.63 | % | ||||||||||||
Net investment income, to average net assets | 1.27 | % (B) | 1.47 | % | 1.57 | % | 1.31 | % | 1.08 | % | 1.11 | % | ||||||||||||
Portfolio turnover rate | 35 | % (A) | 55 | % | 168 | % | 99 | % | 101 | % | 73 | % |
Large Growth | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 1,156,533 | $ | 1,176,583 | $ | 1,341,520 | $ | 1,130,783 | $ | 2,444,761 | $ | 2,526,917 | ||||||||||||
Total return | 6.80 | % (A) | 16.62 | % | 35.56 | % | (39.87 | )% | 12.25 | % | 4.12 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.65 | % (B) | 0.65 | % | 0.65 | % | 0.65 | % | 0.65 | % | 0.64 | % | ||||||||||||
Before reimbursement | 0.65 | % (B) | 0.66 | % | 0.65 | % | 0.65 | % | 0.65 | % | 0.64 | % | ||||||||||||
Net investment income, to average net assets | 0.31 | % (B) | 0.56 | % | 0.97 | % | 0.92 | % | 0.61 | % | 0.43 | % | ||||||||||||
Portfolio turnover rate | 28 | % (A) | 119 | % | 102 | % (C) | 102 | % | 129 | % | 84 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 81
For the period and years ended:
Mid Value | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 903,904 | $ | 909,134 | $ | 808,661 | $ | 630,249 | $ | 998,177 | $ | 936,974 | ||||||||||||
Total return | 7.72 | % (A) | 21.29 | % | 32.53 | % | (37.73 | )% | 2.62 | % | 18.33 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.69 | % (B) | 0.69 | % | 0.70 | % | 0.70 | % | 0.70 | % | 0.70 | % | ||||||||||||
Before reimbursement | 0.69 | % (B) | 0.69 | % | 0.70 | % | 0.70 | % | 0.70 | % | 0.71 | % | ||||||||||||
Net investment income, to average net assets | 0.95 | % (B) | 1.14 | % | 1.44 | % | 1.69 | % | 1.37 | % | 1.17 | % | ||||||||||||
Portfolio turnover rate | 36 | % (A) | 76 | % | 122 | % | 68 | % | 69 | % | 80 | % |
Mid Growth | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 254,184 | $ | 269,733 | $ | 251,749 | $ | 228,966 | $ | 337,189 | $ | 309,909 | ||||||||||||
Total return | 7.25 | % (A) | 29.27 | % | 25.24 | % | (41.55 | )% | 30.42 | % | 2.17 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.75 | % (B) | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | % | ||||||||||||
Before reimbursement | 0.75 | % (B) | 0.75 | % | 0.76 | % | 0.75 | % | 0.75 | % | 0.75 | % | ||||||||||||
Net investment loss, to average net assets | (0.37 | )% (B) | (0.36 | )% | (0.23 | )% | (0.02 | )% | (0.23 | )% | (0.31 | )% | ||||||||||||
Portfolio turnover rate | 81 | % (A) | 199 | % | 214 | % | 158 | % | 152 | % | 151 | % |
Small Value | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 117,056 | $ | 134,427 | $ | 145,727 | $ | 156,628 | $ | 185,137 | $ | 236,317 | ||||||||||||
Total return | 6.32 | % (A) | 23.12 | % | 19.64 | % | (26.63 | )% | (7.74 | )% | 9.64 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.85 | % (B) | 0.85 | % | 0.85 | % | 0.85 | % | 0.85 | % | 0.85 | % | ||||||||||||
Before reimbursement | 0.87 | % (B) | 0.87 | % | 0.88 | % | 0.87 | % | 0.87 | % | 0.87 | % | ||||||||||||
Net investment income, to average net assets | 0.53 | % (B) | 0.84 | % | 1.24 | % | 1.94 | % | 1.36 | % | 0.27 | % | ||||||||||||
Portfolio turnover rate | 9 | % (A) | 121 | % | 103 | % | 117 | % | 94 | % | 105 | % |
Small Core | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 347,955 | $ | 341,598 | $ | 340,044 | $ | 389,662 | $ | 950,197 | $ | 1,211,556 | ||||||||||||
Total return | 6.68 | % (A) | 29.89 | % | 27.64 | % | (36.06 | )% | (4.49 | )% | 11.77 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.84 | % (B) | 0.85 | % | 0.85 | % | 0.85 | % | 0.84 | % | 0.85 | % | ||||||||||||
Before reimbursement | 0.84 | % (B) | 0.85 | % | 0.85 | % | 0.85 | % | 0.84 | % | 0.85 | % | ||||||||||||
Net investment income, to average net assets | 0.24 | % (B) | 0.43 | % | 0.67 | % | 0.94 | % | 0.58 | % | 0.29 | % | ||||||||||||
Portfolio turnover rate | 31 | % (A) | 55 | % | 88 | % | 106 | % | 97 | % | 86 | % |
Small Growth | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 130,563 | $ | 142,731 | $ | 152,724 | $ | 152,513 | $ | 166,817 | $ | 155,003 | ||||||||||||
Total return | 7.17 | % (A) | 25.65 | % | 32.99 | % | (37.87 | )% | 8.64 | % | 8.71 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | �� | |||||||||||||||||||||||
After reimbursement | 0.90 | % (B) | 0.90 | % | 0.90 | % | 0.90 | % | 0.90 | % | 0.90 | % | ||||||||||||
Before reimbursement | 0.92 | % (B) | 0.93 | % | 0.93 | % | 0.93 | % | 0.92 | % | 1.04 | % | ||||||||||||
Net investment loss, to average net assets | (0.40 | )% (B) | (0.41 | )% | (0.38 | )% | (0.18 | )% | (0.42 | )% | (0.29 | )% | ||||||||||||
Portfolio turnover rate | 60 | % (A) | 99 | % | 104 | % | 146 | % | 144 | % | 173 | % |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 82
For the period and years ended:
International Equity | ||||||||||||||||||||||||
June 30, 2011 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Net assets end of period/year (000’s) | $ | 869,788 | $ | 893,260 | $ | 1,044,049 | $ | 1,100,060 | $ | 2,264,062 | $ | 2,101,152 | ||||||||||||
Total return | 5.66 | % (A) | 14.94 | % | 26.10 | % | (49.94 | )% | 11.69 | % | 27.31 | % | ||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement | 0.82 | % (B) | 0.81 | % | 0.82 | % | 0.84 | % | 0.87 | % | 0.87 | % | ||||||||||||
Before reimbursement | 0.82 | % (B) | 0.81 | % | 0.82 | % | 0.84 | % | 0.87 | % | 0.87 | % | ||||||||||||
Net investment income, to average net assets | 2.43 | % (B) | 1.45 | % | 1.39 | % | 2.78 | % | 2.25 | % | 1.78 | % | ||||||||||||
Portfolio turnover rate | 14 | % (A) | 29 | % | 138 | % | 174 | % | 110 | % | 81 | % |
(A) | Not annualized. | |
(B) | Annualized. | |
(C) | Excludes investment securities received in kind. | |
Note: Prior to January 1, 2010, all of the Financial Highlights were audited by another independent registered public accounting firm. |
The notes to the financial statements are an integral part of this report. | ||
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 83
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 84
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transactions in written options were as follows:
Notional | ||||||||
Inflation-Protected Securities | Premium | Amount | ||||||
Balance at December 31, 2010 | $ | — | $ | — | ||||
Sales | 263 | 1,444 | ||||||
Closing Buys | (115 | ) | (473 | ) | ||||
Expirations | (11 | ) | (34 | ) | ||||
Exercised | — | — | ||||||
Balance at June 30, 2011 | $ | 137 | $ | 937 |
Notional | ||||||||
Balanced | Premium | Amount | ||||||
Balance at December 31, 2010 | $ | 20 | $ | 12 | ||||
Sales | 104 | 243 | ||||||
Closing Buys | (71 | ) | (142 | ) | ||||
Expirations | (29 | ) | (49 | ) | ||||
Exercised | — | — | ||||||
Balance at June 30, 2011 | $ | 24 | $ | 64 |
Notional | ||||||||
Core Bond | Premium | Amount | ||||||
Balance at December 31, 2010 | $ | 851 | $ | 516 | ||||
Sales | 4,359 | 13,860 | ||||||
Closing Buys | (2,837 | ) | (6,582 | ) | ||||
Expirations | (1,081 | ) | (1,785 | ) | ||||
Exercised | — | — | ||||||
Balance at June 30, 2011 | $ | 1,292 | $ | 6,009 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 85
At June 30, 2011
(all amounts in thousands)
(unaudited)
Notional | ||||||||
Inflation-Protected Securities | Premium | Amount | ||||||
Balance at December 31, 2010 | $ | 1,971 | $ | 42,800 | ||||
Sales | 1,778 | 159,800 | ||||||
Closing Buys | (628 | ) | (18,700 | ) | ||||
Expirations | (58 | ) | (9,800 | ) | ||||
Exercised | — | — | ||||||
Balance at June 30, 2011 | $ | 3,063 | $ | 174,100 |
Notional | ||||||||
Core Bond | Premium | Amount | ||||||
Balance at December 31, 2010 | $ | 37,686 | $ | 784,700 | ||||
Sales | 27,187 | 956,900 | ||||||
Closing Buys | (38,063 | ) | (861,100 | ) | ||||
Expirations | (1,156 | ) | (105,200 | ) | ||||
Exercised | — | — | ||||||
Balance at June 30, 2011 | $ | 25,654 | $ | 775,300 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 86
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 87
At June 30, 2011
(all amounts in thousands)
(unaudited)
Portfolio | Commissions | |||
Large Growth | $ | 42 | ||
Mid Value | 128 | |||
Mid Growth | 26 | |||
Small Core | 38 | |||
Small Growth | 66 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 88
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 89
At June 30, 2011
(all amounts in thousands)
(unaudited)
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 90
At June 30, 2011
(all amounts in thousands)
(unaudited)
Investments | ||||
TFLIC Sub-accounts | in Portfolio | |||
Money Market | 4.54 | % | ||
High Quality Bond | 14.08 | |||
Inflation-Protected Securities | 14.65 | |||
Core Bond | 9.71 | |||
High Yield Bond | 5.78 | |||
Balanced | 50.80 | |||
Large Value | 32.77 | |||
Large Core | 51.20 | |||
Large Growth | 30.02 | |||
Mid Value | 5.02 | |||
Mid Growth | 2.13 | |||
Small Value | 3.16 | |||
Small Core | 47.50 | |||
Small Growth | 3.04 | |||
International Equity | 19.67 |
Investments | ||||
CIT Sub-accounts | in Portfolio | |||
Money Market | 14.32 | % | ||
High Quality Bond | 39.60 | |||
Inflation-Protected Securities | 15.63 | |||
Core Bond | 29.07 | |||
High Yield Bond | 26.55 | |||
Balanced | 5.63 | |||
Large Value | 22.55 | |||
Large Core | 12.35 | |||
Large Growth | 20.59 | |||
Mid Value | 11.42 | |||
Mid Growth | 32.72 | |||
Small Value | 43.16 | |||
Small Core | 11.31 | |||
Small Growth | 39.33 | |||
International Equity | 28.33 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 91
At June 30, 2011
(all amounts in thousands)
(unaudited)
Investments | ||||
CTF Sub-accounts | in Portfolio | |||
Money Market | 0.03 | % | ||
High Quality Bond | 8.17 | |||
Inflation-Protected Securities | 4.64 | |||
Core Bond | 5.63 | |||
High Yield Bond | 16.85 | |||
Balanced | — | |||
Large Value | 4.73 | |||
Large Core | 2.98 | |||
Large Growth | 2.40 | |||
Mid Value | 25.21 | |||
Mid Growth | 10.06 | |||
Small Value | 5.63 | |||
Small Core | 1.27 | |||
Small Growth | 5.17 | |||
International Equity | 4.82 |
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 |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 92
At June 30, 2011
(all amounts in thousands)
(unaudited)
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 | 130,290 | 103,692 | 80,918 | 146,494 | ||||||||||||
Inflation-Protected Securities | 1,567 | 173,073 | 7,922 | 157,672 | ||||||||||||
Core Bond | 2,648,725 | 3,332,219 | 2,692,598 | 3,357,471 | ||||||||||||
High Yield Bond | 365,316 | — | 330,790 | — | ||||||||||||
Balanced | 145,191 | 56,209 | 146,239 | 58,335 | ||||||||||||
Large Value | 322,056 | — | 423,544 | — | ||||||||||||
Large Core | 90,802 | — | 103,781 | — | ||||||||||||
Large Growth | 329,040 | — | 441,842 | — | ||||||||||||
Mid Value | 322,461 | — | 387,828 | — | ||||||||||||
Mid Growth | 208,796 | — | 233,660 | — | ||||||||||||
Small Value | 10,537 | — | 33,924 | — | ||||||||||||
Small Core | 108,304 | — | 125,502 | — | ||||||||||||
Small Growth | 83,373 | — | 103,958 | — | ||||||||||||
International Equity | 119,737 | — | 190,356 | — |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 93
At June 30, 2011
(all amounts in thousands)
(unaudited)
Derivatives not accounted for as hedging instruments
Interest rate | Foreign exchange | |||||||||||
Location | contracts | contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Purchased options and swaptions, at value | $ | 1,178 | $ | — | $ | 1,178 | * * | |||||
Unrealized appreciation on swap agreements | 202 | — | 202 | |||||||||
Unrealized appreciation on futures contracts | 411 | — | 411 | * | ||||||||
Unrealized appreciation on forward foreign currency transactions | — | 2 | 2 | |||||||||
Liability derivatives | ||||||||||||
Written options and swaptions, at value | (3,307 | ) | — | (3,307 | ) | |||||||
Unrealized depreciation on swap agreements | (128 | ) | — | (128 | ) | |||||||
Unrealized depreciation on futures contracts | (260 | ) | — | (260) | * | |||||||
Unrealized depreciation on forward currency contracts | — | (37 | ) | (37 | ) | |||||||
Total | $ | (1,904 | ) | $ | (35 | ) | $ | (1,939 | ) | |||
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current days variation margin is reported within the Statement of Assets and Liabilities. | |
* * | Included within Investment securities at value. |
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 (loss) on purchased option and swaption contracts ^ | $ | (23 | ) | $ | — | $ | (23 | ) | ||||||||
Net realized (loss) on swap agreements | (134 | ) | — | (134 | ) | |||||||||||
Net realized (loss) on futures contracts | (909 | ) | — | (909 | ) | |||||||||||
Net realized gain on written option and swaption contracts | 191 | — | 191 | |||||||||||||
Net realized (loss) on forward foreign currency transactions ~ | — | (156 | ) | (156 | ) | |||||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts ψ | (205 | ) | — | (205 | ) | |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on swap agreements | 63 | — | 63 | |||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | 182 | — | 182 | |||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | 92 | — | 92 | |||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (50 | ) | (50 | ) | |||||||||||
Total | $ | (743 | ) | $ | (206 | ) | $ | (949 | ) | |||||||
^ | Included within net realized gain (loss) on transactions from Investment securities. | |
~ | Included within net realized gain (loss) on transactions from foreign currency transactions. | |
ψ | Included within net increase (decrease) in unrealized appreciation (depreciation) on transactions from Investment securities. |
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 | $ | 17,451 | $ | — | $ | — | $ | 17,451 | * * | |||||||
Unrealized appreciation on forward foreign currency contracts | — | 1 | — | 1 | ||||||||||||
Premium paid on swap agreements | 1,159 | — | 1,317 | 2,476 | ||||||||||||
Unrealized appreciation on swap agreements | 1,041 | — | 47 | 1,088 | ||||||||||||
Unrealized appreciation on futures contracts | 355 | — | — | 355 | * | |||||||||||
Liability derivatives | ||||||||||||||||
Unrealized depreciation on swap agreements | (906 | ) | — | (16 | ) | (922 | ) | |||||||||
Premium received on swap agreements | — | — | (522 | ) | (522 | ) | ||||||||||
Written options and swaptions, at value | (26,026 | ) | — | — | (26,026 | ) | ||||||||||
Unrealized depreciation on futures contracts | (2,138 | ) | — | — | (2,138 | )* | ||||||||||
Total | $ | (9,064 | ) | $ | 1 | $ | 826 | $ | (8,237 | ) | ||||||
* | 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. | |
* * | Included within Investment securities at value. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 94
At June 30, 2011
(all amounts in thousands)
(unaudited)
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 ^ | $ | (2,719 | ) | $ | — | $ | — | $ | (2,719 | ) | ||||||
Net realized (loss) on swap agreements | (1,565 | ) | — | (436 | ) | (2,001 | ) | |||||||||
Net realized (loss) on futures contracts | (2,776 | ) | — | — | (2,776 | ) | ||||||||||
Net realized (loss) on written option and swaption contracts | 2,967 | — | — | 2,967 | ||||||||||||
Net realized gain on forward foreign currency transactions ~ | — | (245 | ) | — | (245 | ) | ||||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts ψ | (1,843 | ) | — | — | (1,843 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on swap agreements | (2,345 | ) | — | 292 | (2,053 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | (175 | ) | — | — | (175 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | 429 | — | — | 429 | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (75 | ) | — | (75 | ) | ||||||||||
Total | $ | (8,027 | ) | $ | (320 | ) | $ | (144 | ) | $ | (8,491 | ) | ||||
^ | Included within net realized gain (loss) on transactions from Investment securities. | |
~ | Included within net realized gain (loss) on transactions from foreign currency transactions. | |
ψ | Included within net increase (decrease) in unrealized appreciation (depreciation) on transactions from Investment securities. |
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Equity contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Purchased options and swaptions, at value | $ | 22 | $ | — | $ | 22 | * * | |||||
Unrealized appreciation on futures contracts | 25 | 11 | 36 | * | ||||||||
Liability derivatives | ||||||||||||
Written options and swaptions, at value | (13 | ) | — | (13 | ) | |||||||
Unrealized depreciation on futures contracts | (36 | ) | — | (36 | )* | |||||||
Total | $ | (2 | ) | $ | 11 | $ | 9 |
* | 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. | |
** | Included within Investment securities at value. |
Derivatives not accounted for as hedging instruments
Interest rate | Equity | |||||||||||
Location | contracts | contracts | Total | |||||||||
Realized Gain/(Loss) on derivatives recognized in income | ||||||||||||
Net realized (loss) on purchased option and swaption contracts ^ | $ | (19 | ) | $ | — | $ | (19 | ) | ||||
Net realized (loss) on futures contracts | (272 | ) | 7 | (265 | ) | |||||||
Net realized gain on written option and swaption contracts | 13 | — | 13 | |||||||||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on purchased option and swaption contracts ψ | (19 | ) | — | (19 | ) | |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | 63 | 7 | 70 | |||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on written option and swaption contracts | 14 | — | 14 | |||||||||
Total | $ | (220 | ) | $ | 14 | $ | (206 | ) |
^ | Included within net realized gain (loss) on transactions from Investment securities. | |
ψ | Included within net increase (decrease) in unrealized appreciation (depreciation) on transactions from Investment securities. |
Transamerica Partners Portfolios | Semi-Annual Report 2011 |
Page 95
At June 30, 2011
(all amounts in thousands)
(unaudited)
Derivatives not accounted for as hedginq instruments
Location | Equity contracts | |||
Asset derivatives | ||||
Unrealized appreciation on futures contracts | $ | 53 | * |
* | 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 | $ | 135 | ||
Change in Unrealized Appreciation/(Depreciation) on derivatives recognized in income | ||||
Net increase (decrease) in unrealized appreciation (depreciation) on futures contracts | 26 | |||
Total | $ | 161 |
Derivatives not accounted for as hedging instruments
Foreign exchange | ||||
Location | contracts | |||
Liability derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | $ | (1,064 | ) |
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 | $ | (3,757 | ) | |
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 | 1,402 | |||
Total | $ | (2,355 | ) |
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(all amounts in thousands)
(unaudited)
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440 Mamaroneck Avenue
Harrison, NY 10528
(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 the Registrant in |
3
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. |
(a) | (1) Not Applicable | |
(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 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. |
4
Transamerica Asset Allocation Variable Funds | ||||||
(Registrant) | ||||||
By: | /s/ John K. Carter | |||||
Chief Executive Officer | ||||||
Date: | September 6, 2011 |
By: | /s/ John K. Carter | |||||
Chief Executive Officer | ||||||
Date: | September 6, 2011 | |||||
By: | /s/ Robert A. DeVault, Jr. | |||||
Principal Financial Officer | ||||||
Date: | September 6, 2011 |
5
Exhibit No. | Description of Exhibit | |
12(a)(2)(i) | Section 302 N-CSR Certification of Chief Executive Officer | |
12(a)(2)(ii) | Section 302 N-CSR Certification of Principal Financial Officer | |
12(b) | Section 906 N-CSR Certification of Chief Executive Officer and | |
Principal Financial Officer |
6