-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PS+A+QOiju5Lod0q5yR42d7+yJYxESAYlEBgh+mRylRKjtt4F/udTffn66+HZtX/ gfh4p3l0bcSEIGHCvGV/ng== 0000820027-05-000550.txt : 20050627 0000820027-05-000550.hdr.sgml : 20050627 20050627144703 ACCESSION NUMBER: 0000820027-05-000550 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050430 FILED AS OF DATE: 20050627 DATE AS OF CHANGE: 20050627 EFFECTIVENESS DATE: 20050627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP DIMENSIONS SERIES INC CENTRAL INDEX KEY: 0000049717 IRS NUMBER: 410940846 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01629 FILM NUMBER: 05917217 BUSINESS ADDRESS: STREET 1: 50606 AXP FINANCIAL CENTER STREET 2: H27/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 50606 AXP FINANCIAL CENTER STREET 2: H27/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP NEW DIMENSIONS FUND INC /MN/ DATE OF NAME CHANGE: 20000417 FORMER COMPANY: FORMER CONFORMED NAME: AXP NEW DIMENSIONS FUND INC/ DATE OF NAME CHANGE: 20000404 FORMER COMPANY: FORMER CONFORMED NAME: IDS NEW DIMENSIONS FUND INC DATE OF NAME CHANGE: 19920703 N-Q 1 dimensions-nq.txt AXP DIMENSIONS SERIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-1629 ------------ AXP DIMENSIONS SERIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 AXP Financial Center, Minneapolis, Minnesota 55474 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 330-9283 ----------------- Date of fiscal year end: 7/31 -------------- Date of reporting period: 4/30 -------------- AXP(R) NEW DIMENSIONS FUND A FEEDER FUND INVESTING IN GROWTH TRENDS PORTFOLIO PORTFOLIO HOLDINGS AT APRIL 30, 2005 Investments in Securities Growth Trends Portfolio April 30, 2005 (Unaudited) (Percentages represent value of investments compared to net assets) Common stocks (96.3%) Issuer Shares Value(a) Aerospace & defense (5.1%) Boeing 3,011,862 $179,266,026 Lockheed Martin 2,557,709 155,892,364 Northrop Grumman 1,000,000 54,840,000 United Technologies 2,184,480 222,205,305 Total 612,203,695 Banks and savings & loans (2.1%) Bank of America 4,700,000 211,688,000 Commerce Bancorp 960,706(d) 26,890,161 US Bancorp 521,996 14,563,688 Total 253,141,849 Beverages & tobacco (2.6%) Altria Group 500,000 32,495,000 PepsiCo 5,000,000 278,200,000 Total 310,695,000 Broker dealers (0.8%) Charles Schwab 9,397,503 97,264,156 Building materials & construction (0.1%) American Standard Companies 361,933 16,182,024 Cable (1.7%) Comcast Special Cl A 6,514,005(b) 206,689,379 Chemicals (2.2%) EI du Pont de Nemours & Co 5,628,795 265,172,532 Computer hardware (6.7%) Apple Computer 7,000,000(b) 252,420,000 Cisco Systems 7,000,000(b) 120,960,000 Dell 5,163,748(b) 179,853,343 EMC 18,009,075(b) 236,279,064 SanDisk 687,627(b) 16,296,760 Total 805,809,167 Common stocks (continued) Issuer Shares Value(a) Computer software & services (6.5%) Autodesk 500,000 $15,915,000 Fiserv 239,206(b) 10,118,414 Google Cl A 374,967(b) 82,492,740 Intl Business Machines 1,000,000 76,380,000 Juniper Networks 3,000,000(b) 67,770,000 Microsoft 10,803,597 273,331,004 NCR 5,228,620(b) 172,544,460 SAP ADR 2,000,000(c) 78,860,000 Total 777,411,618 Electronics (3.9%) Intel 5,547,289 130,472,237 Samsung Electronics 400,000(c) 182,962,056 Texas Instruments 4,000,000 99,840,000 Xerox 4,017,710(b) 53,234,658 Total 466,508,951 Energy (7.3%) Apache 3,450,995 194,256,509 Chesapeake Energy 945,695 18,195,172 ConocoPhillips 1,824,374 191,285,614 Exxon Mobil 8,225,702 469,111,784 Total 872,849,079 Energy equipment & services (3.5%) Halliburton 3,500,000 145,565,000 Schlumberger 2,000,000 136,820,000 Transocean 3,000,000(b) 139,110,000 Total 421,495,000 Finance companies (3.8%) Citigroup 9,593,623 450,516,536 Financial services (1.8%) CapitalSource 345,254(b) 7,250,334 Goldman Sachs Group 2,000,000 213,580,000 Total 220,830,334 Common stocks (continued) Issuer Shares Value(a) Health care products (12.1%) Abbott Laboratories 2,500,000 $122,900,000 Amgen 2,500,000(b) 145,525,000 Genentech 1,000,000(b) 70,940,000 Genzyme 1,100,000(b) 64,471,000 Gilead Sciences 3,000,000(b) 111,300,000 Johnson & Johnson 5,544,871 380,544,498 Medtronic 2,243,512 118,233,082 Novartis ADR 2,112,612(c) 102,947,583 Pfizer 6,172,547 167,708,102 Schering-Plough 747,120 15,592,394 St. Jude Medical 2,000,000(b) 78,060,000 Zimmer Holdings 1,000,000(b) 81,420,000 Total 1,459,641,659 Health care services (3.9%) Caremark Rx 800,000(b) 32,040,000 HCA 1,350,000 75,384,000 UnitedHealth Group 3,875,129 366,238,442 Total 473,662,442 Home building (1.4%) Lennar Cl A 250,184 12,876,970 Pulte Homes 2,157,076 154,123,081 Total 167,000,051 Household products (2.3%) Procter & Gamble 5,163,387 279,597,406 Industrial transportation (0.6%) United Parcel Service Cl B 1,000,000 71,310,000 Insurance (0.3%) American Intl Group 795,200 40,435,920 Leisure time & entertainment (1.9%) Carnival Unit 3,500,000 171,079,999 DreamWorks Animation SKG Cl A 326,907(b) 12,259,013 Regal Entertainment Group 747,216 15,161,013 Royal Caribbean Cruises 560,412 23,548,512 Total 222,048,537 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 -- AXP NEW DIMENSIONS FUND -- PORTFOLIO HOLDINGS AT APRIL 30, 2005 Common stocks (continued) Issuer Shares Value(a) Media (3.6%) eBay 2,128,668(b) $67,542,636 Time Warner 15,000,000(b) 252,149,999 Yahoo! 3,125,533(b) 107,862,144 Total 427,554,779 Multi-industry (7.9%) 3M 3,500,000 267,645,000 General Electric 15,030,463 544,102,761 Monsanto 53,736 3,150,004 Tyco Intl 4,220,530(c) 132,144,794 Total 947,042,559 Restaurants (1.6%) McDonald's 4,500,000 131,895,000 Starbucks 1,200,000(b) 59,424,000 Total 191,319,000 Retail -- general (5.5%) Advance Auto Parts 576,542(b) 30,758,516 Federated Dept Stores 331,911 19,084,883 Home Depot 3,000,000 106,110,000 Lowe's Companies 286,877 14,949,160 Nordstrom 1,000,000 50,830,000 Target 5,800,000 269,120,000 Wal-Mart Stores 2,938,656 138,528,244 Whole Foods Market 300,000 29,916,000 Total 659,296,803 Telecom equipment & services (3.1%) Motorola 7,513,711 115,260,327 QUALCOMM 5,000,000 174,450,000 Vodafone Group ADR 3,000,000(c) 78,420,000 Total 368,130,327 Common stocks (continued) Issuer Shares Value(a) Textiles & apparel (0.2%) Luxottica Group ADR 1,000,000(c) $19,920,000 Utilities -- electric (3.7%) Dominion Resources 5,900,294 444,882,168 Utilities -- telephone (0.1%) Amdocs 380,279(b,c) 10,157,252 Total common stocks (Cost: $10,546,582,317) $11,558,768,223 Short-term securities (3.8%)(e) Issuer Effective Amount Value(a) yield payable at maturity U.S. government agencies (0.4%) Federal Home Loan Mtge Corp Disc Nts 05-02-05 2.63% $1,300,000 $1,299,715 05-10-05 2.68 9,200,000 9,192,479 06-13-05 2.79 30,000,000 29,895,609 Federal Natl Mtge Assn Disc Nt 05-04-05 2.55 7,100,000 7,097,487 Total 47,485,290 Commercial paper (3.4%) Alpine Securitization 05-02-05 2.95 15,500,000 15,496,190 05-10-05 2.88 25,000,000 24,978,000 Barton Capital 05-11-05 2.90 25,000,000 24,975,834 05-17-05 2.93 25,000,000 24,963,375 Chariot Funding LLC 05-02-05 2.79 15,000,000 14,996,513 05-18-05 2.94 25,000,000 24,961,209 Short-term securities (continued) Issuer Effective Amount Value(a) yield payable at maturity Commercial paper (cont.) Citigroup Global Markets Holdings 05-06-05 2.83% $25,000,000 $24,986,243 Delaware Funding LLC 05-11-05 2.87 700,000 699,330 05-16-05 2.91 30,000,000 29,958,774 Goldman Sachs Group 05-23-05 3.01 30,000,000 29,940,000 Harrier Finance Funding (US) LLC 05-02-05 2.80 18,600,000 18,595,660 Jupiter Securitization 05-19-05 2.97 25,000,000 24,958,750 Scaldis Capital LLC 05-20-05 2.99 25,000,000 24,956,542 Sheffield Receivables 05-02-05 2.96 10,200,000 10,197,484 05-13-05 2.89 30,000,000 29,966,284 Societe Generale North America 05-04-05 2.80 30,000,000 29,988,333 UBS Finance (Delaware) LLC 05-09-05 2.84 25,000,000 24,980,278 Variable Funding Capital 05-05-05 2.81 25,000,000 24,988,292 Total 404,587,091 Total short-term securities (Cost: $452,105,392) $452,072,381 Total investments in securities (Cost: $10,998,687,709)(f) $12,010,840,604 Notes to investments in securities (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2005. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At April 30, 2005, the value of foreign securities represented 5.0% of net assets. (d) At April 30, 2005, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in short-term securities and represents 0.2 of net assets. 3.6% of net assets is the Portfolio's cash equivalent position. (f) At April 30, 2005, the cost of securities for federal income tax purposes was approximately $10,998,688,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $1,393,778,000 Unrealized depreciation (381,625,000) ------------ Net unrealized appreciation $1,012,153,000 -------------- How to find information about the Fund's portfolio holdings (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at www.americanexpress.com/funds. - -------------------------------------------------------------------------------- 2 -- AXP NEW DIMENSIONS FUND -- PORTFOLIO HOLDINGS AT APRIL 30, 2005 S-6440-80 C (6/05) Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) AXP DIMENSIONS SERIES, INC. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 27, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 27, 2005 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date June 27, 2005 EX-99.CERT 2 ex99-cert.txt CERTIFICATION PURSUANT TO 270.30A-2 OF THE INVESTMENT COMPANY ACT OF 1940 Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Paula Meyer, certify that: 1. I have reviewed this report on Form N-Q of AXP Dimensions Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any 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; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: June 22, 2005 /s/ Paula R. Meyer -------------------------------- Name: Paula R. Meyer Title: President and Chief Executive Officer Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey Fox, certify that: 1. I have reviewed this report on Form N-Q of AXP Dimensions Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any 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; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: June 22, 2005 /s/ Jeffrey P. Fox -------------------------------- Name: Jeffrey P. Fox Title: Treasurer and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----