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 Ameriprise 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: 10/31 -------------- RIVERSOURCE NEW DIMENSIONS FUND A FEEDER FUND INVESTING IN GROWTH TRENDS PORTFOLIO PORTFOLIO HOLDINGS AT OCT. 31, 2005 Investments in Securities Growth Trends Portfolio Oct. 31, 2005 (Unaudited) (Percentages represent value of investments compared to net assets) Common Stocks (93.0%) Issuer Shares Value(a) Aerospace & Defense (3.8%) Boeing 1,329,119 $85,914,252 Empresa Brasileira de Aeronautica ADR 372,223(c) 14,438,530 General Dynamics 77,716 9,038,371 Goodrich 635,926 22,937,851 Honeywell Intl 1,248,975 42,714,945 Lockheed Martin 888,094 53,782,973 Northrop Grumman 493,603 26,481,801 United Technologies 2,189,585 112,281,918 Total 367,590,641 Airlines (--%) Continental Airlines Cl B 201,100(b) 2,604,245 US Airways Group 80,000(b) 1,974,400 Total 4,578,645 Automobiles (0.2%) Ford Motor 489,379 4,071,633 General Motors 258,567 7,084,736 Harley-Davidson 74,043 3,667,350 Total 14,823,719 Beverages (1.3%) Coca-Cola 380,903 16,295,030 Coca-Cola Enterprises 55,729 1,053,278 PepsiCo 1,924,762 113,714,939 Total 131,063,247 Biotechnology (1.6%) Amgen 1,065,615(b) 80,730,992 Biogen Idec 640,258(b) 26,013,683 Genentech 327,255(b) 29,649,303 Gilead Sciences 347,313(b) 16,410,539 Total 152,804,517 Building Products (0.1%) American Standard Companies 103,193 3,925,462 Masco 273,775 7,802,587 Total 11,728,049 Common Stocks (continued) Issuer Shares Value(a) Capital Markets (3.8%) Bank of New York 791,118 $24,754,082 Charles Schwab 7,490,310 113,852,713 Franklin Resources 551,082 48,699,116 Investors Financial Services 583,509 22,278,374 Legg Mason 117,837 12,645,088 Lehman Brothers Holdings 339,339 40,608,698 Merrill Lynch & Co 331,973 21,491,932 Morgan Stanley 1,149,337 62,535,426 State Street 368,919 20,375,396 Total 367,240,825 Chemicals (0.9%) Dow Chemical 1,192,276 54,677,777 Eastman Chemical 112,401 5,930,277 EI du Pont de Nemours & Co 254,631 10,615,566 Lyondell Chemical 284,449 7,623,233 Monsanto 134,096 8,449,389 RPM Intl 166,914 3,107,939 Total 90,404,181 Commercial Banks (4.3%) Bank of America 3,888,663 170,090,120 Commerce Bancorp 667,786 20,347,439 Hibernia Cl A 162,804 4,830,395 ICICI Bank ADR 144,475(c) 3,416,834 PNC Financial Services Group 504,907 30,652,904 US Bancorp 876,302(d) 25,921,013 Wachovia 1,125,952 56,883,095 Wells Fargo & Co 1,743,948 104,985,670 Total 417,127,470 Commercial Services & Supplies (0.5%) Apollo Group Cl A 41,667(b) 2,625,854 Avery Dennison 115,271 6,530,102 Cendant 2,089,550 36,399,962 Waste Management 154,367 4,555,370 Total 50,111,288 Common Stocks (continued) Issuer Shares Value(a) Communications Equipment (3.2%) Alcatel ADR 135,263(b,c) $1,587,988 CIENA 2,038,408(b) 4,831,027 Cisco Systems 2,765,184(b) 48,252,461 Corning 662,559(b) 13,310,810 Motorola 2,953,226 65,443,488 Nokia ADR 10,922,061(c) 183,709,066 Total 317,134,840 Computers & Peripherals (4.1%) Apple Computer 1,656,870(b) 95,419,144 Dell 2,267,639(b) 72,292,331 EMC 4,640,513(b) 64,781,561 Hewlett-Packard 2,342,746 65,690,598 Intl Business Machines 835,254 68,390,598 NCR 1,011,361(b) 30,563,329 Total 397,137,561 Consumer Finance (0.8%) Capital One Financial 459,038 35,047,551 First Marblehead 491,351(f) 14,539,076 MBNA 1,238,286 31,662,973 Total 81,249,600 Containers & Packaging (0.1%) Temple-Inland 351,024 12,928,214 Diversified Financial Services (3.5%) Citigroup 3,476,228 159,141,718 JPMorgan Chase & Co 2,345,362 85,887,156 SPDR Trust Series 1 810,500 97,462,625 Total 342,491,499 Diversified Telecommunication Services (7.8%) ALLTEL 458,323 28,351,861 BellSouth 920,624 23,954,636 Brasil Telecom Participacoes ADR 304,322(c) 12,662,838 Chunghwa Telecom ADR 916,404(c) 15,872,117 Citizens Communications 239,096 2,926,535 France Telecom 600,823(c) 15,619,686 See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 1 --- RIVERSOURCE NEW DIMENSIONS FUND --- PORTFOLIO HOLDINGS AT OCT. 31, 2005 Common Stocks (continued) Issuer Shares Value(a) Diversified Telecommunication Services (cont.) MCI 1,669,776 $33,228,542 SBC Communications 2,786,416 66,456,022 Sprint Nextel 18,701,989 435,943,365 Tele Norte Leste Participacoes ADR 1,226,782(c) 21,714,041 Telewest Global 4,341,508(b,c) 99,029,798 Verizon Communications 437,324 13,780,079 Total 769,539,520 Electric Utilities (1.1%) Entergy 261,218 18,473,337 Exelon 678,820 35,319,004 FPL Group 121,313 5,223,738 PPL 332,091 10,407,732 Southern 714,427 24,997,801 TXU 60,764 6,121,973 Xcel Energy 302,251 5,540,261 Total 106,083,846 Electrical Equipment (0.1%) Emerson Electric 109,804 7,636,868 Electronic Equipment & Instruments (0.1%) Flextronics Intl 797,320(b,c) 7,407,103 Energy Equipment & Services (1.1%) Cooper Cameron 113,682(b) 8,381,774 Halliburton 722,558 42,703,177 Nabors Inds 42,109(b,c) 2,889,941 Schlumberger 291,174 26,429,864 Transocean 297,010(b) 17,075,105 Weatherford Intl 189,441(b) 11,859,007 Total 109,338,868 Food & Staples Retailing (2.5%) CVS 788,044 19,236,154 Rite Aid 2,472,042(b) 8,652,147 Safeway 5,306,644 123,432,539 Wal-Mart Stores 2,013,986 95,281,678 Total 246,602,518 Food Products (0.8%) Campbell Soup 216,487 6,299,772 General Mills 335,343 16,183,653 Kellogg 1,345,773 59,442,793 Total 81,926,218 Gas Utilities (0.1%) ONEOK 298,782 8,586,995 Health Care Equipment & Supplies (2.8%) Alcon 50,741(c) 6,743,479 Baxter Intl 1,783,500 68,183,205 Boston Scientific 1,456,209(b) 36,579,970 Guidant 780,923 49,198,149 Hospira 319,370(b) 12,726,895 Medtronic 1,581,582 89,612,435 St. Jude Medical 238,823(b) 11,480,222 Total 274,524,355 Common Stocks (continued) Issuer Shares Value(a) Health Care Providers & Services (3.1%) Aetna 202,313 $17,916,839 AmerisourceBergen 89,646 6,837,300 Cardinal Health 1,002,545 62,669,088 Caremark Rx 300,817(b) 15,762,811 CIGNA 103,100 11,946,197 HCA 1,267,274 61,069,934 HealthSouth 1,355,598(b) 5,530,840 Magellan Health Services 179,303(b) 5,330,678 McKesson 113,640 5,162,665 Medco Health Solutions 490,525(b) 27,714,663 UnitedHealth Group 1,340,258 77,587,536 Universal Health Services Cl B 144,831 6,827,333 Total 304,355,884 Hotels, Restaurants & Leisure (0.4%) Carnival Unit 138,736 6,891,017 Marriott Intl Cl A 146,938 8,760,444 McDonald's 675,813 21,355,690 Total 37,007,151 Household Durables (0.2%) Fortune Brands 40,514 3,077,849 Harman Intl Inds 95,606 9,547,215 Sony 178,900(c) 5,778,900 Total 18,403,964 Household Products (2.3%) Colgate-Palmolive 575,012 30,452,636 Procter & Gamble 3,495,061 195,688,465 Total 226,141,101 Industrial Conglomerates (2.3%) General Electric 4,205,215 142,598,841 Tyco Intl 3,139,403(c) 82,848,845 Total 225,447,686 Insurance (3.8%) ACE 1,420,475(c) 74,006,748 AFLAC 302,913 14,473,183 American Intl Group 2,858,140 185,207,471 Aon 140,842 4,767,502 Aspen Insurance Holdings 345,687(c) 8,362,169 Chubb 390,270 36,283,402 Endurance Specialty Holdings 98,304(c) 3,259,761 Hartford Financial Services Group 397,107 31,669,283 Max Re Capital 219,330(c) 5,244,180 State Auto Financial 112,401 3,702,489 Total 366,976,188 Internet & Catalog Retail (0.2%) eBay 429,818(b) 17,020,793 Internet Software & Services (1.2%) Google Cl A 273,590(b) 101,813,782 Yahoo! 349,273(b,f) 12,912,623 Total 114,726,405 Common Stocks (continued) Issuer Shares Value(a) IT Services (0.6%) Accenture Cl A 265,488(c) $6,984,989 Affiliated Computer Services Cl A 414,566(b,d) 22,432,166 Automatic Data Processing 225,557 10,524,490 Cognizant Technology Solutions Cl A 53,701(b) 2,361,770 First Data 67,450 2,728,353 Fiserv 93(b) 4,062 Infosys Technologies ADR 13,400(c) 911,200 Ness Technologies 177,039(b,c) 1,609,285 Paychex 137,042 5,311,748 Satyam Computer Services ADR 58,024(c) 1,983,260 Total 54,851,323 Leisure Equipment & Products (--%) Mattel 156,682 2,311,060 Machinery (0.5%) Caterpillar 367,157 19,308,786 Deere & Co 98,894 6,000,888 Illinois Tool Works 135,402 11,476,674 Ingersoll-Rand Cl A 145,859(c) 5,512,012 ITT Inds 49,682 5,047,691 Total 47,346,051 Media (7.1%) Clear Channel Communications 467,901 14,233,548 Comcast Cl A 14,986(b) 417,060 Comcast Special Cl A 6,258,450(b) 171,544,114 DreamWorks Animation SKG Cl A 577,629(b) 14,810,408 EchoStar Communications Cl A 197,618 5,309,996 Grupo Televisa ADR 43,460(c) 3,176,926 Liberty Global 1,001,069(b) 23,745,357 Liberty Global Cl A 1,617,142 40,056,607 Liberty Media Cl A 3,764,940(b) 30,006,572 News Corp Cl A 2,952,043 42,066,613 NTL 2,261,477(b) 138,673,770 Time Warner 3,474,520 61,950,692 Viacom Cl B 2,021,696 62,611,925 Vivendi Universal ADR 2,512,669(c) 78,948,060 Walt Disney 711,154 (d) 17,330,823 Total 704,882,471 Metals & Mining (0.7%) Agnico-Eagle Mines 131,136(c) 1,791,318 Alcan 228,158(c) 7,230,327 Alcoa 367,589 8,928,737 Coeur d'Alene Mines 3,053,053(b) 11,510,010 Glamis Gold 156,899(b,c) 3,329,397 Kinross Gold 359,576(b,c) 2,509,840 Newmont Mining 596,956 25,430,325 PAN American Silver 265,995(b,c) 4,226,661 Stillwater Mining 155,129(b) 1,566,803 Total 66,523,418 See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 2 --- RIVERSOURCE NEW DIMENSIONS FUND --- PORTFOLIO HOLDINGS AT OCT. 31, 2005 Common Stocks (continued) Issuer Shares Value(a) Multi-Utilities & Unregulated Power (0.4%) Dominion Resources 396,310 $30,151,265 Duke Energy 244,248 6,467,687 Total 36,618,952 Multiline Retail (0.8%) Dollar General 94,628 1,839,568 Federated Dept Stores 98,595 6,050,775 JC Penney 651,308 33,346,971 Kohl's 242,334(b) 11,663,535 Target 513,138 28,576,655 Total 81,477,504 Office Electronics (0.1%) Xerox 567,725(b) 7,704,028 Oil & Gas (6.8%) Amerada Hess 23,747 2,970,750 Anadarko Petroleum 605,737 54,946,403 Apache 87,526 5,586,785 BP ADR 432,138(c) 28,693,963 Burlington Resources 245,689 17,743,660 Chevron 1,756,206 100,226,676 ConocoPhillips 1,819,532 118,961,002 Devon Energy 461,411 27,859,996 Exxon Mobil 4,101,033 230,231,994 Marathon Oil 177,592 10,683,935 Newfield Exploration 227,525(b) 10,313,708 Occidental Petroleum 104,345 8,230,734 Royal Dutch Shell ADR Cl A 133,082(c) 8,256,407 Ultra Petroleum 233,125(b) 12,236,731 Valero Energy 236,093 24,846,427 Total 661,789,171 Paper & Forest Products (0.3%) Bowater 177,598 4,706,347 Georgia-Pacific 186,306 6,060,534 Intl Paper 271,946 7,935,384 Weyerhaeuser 149,058 9,441,334 Total 28,143,599 Personal Products (0.1%) Estee Lauder Companies Cl A 166,497 5,522,705 Pharmaceuticals (6.0%) Abbott Laboratories 835,774 35,980,071 AstraZeneca 128,582(c) 5,751,833 Bristol-Myers Squibb 792,004 16,766,725 Eli Lilly & Co 328,629 16,362,438 Endo Pharmaceuticals Holdings 183,417(b) 4,937,586 GlaxoSmithKline ADR 274,511(c) 14,271,827 Johnson & Johnson 1,555,053 97,377,419 Merck & Co 477,327 13,470,168 Novartis ADR 1,071,828(c) 57,685,783 Pfizer 7,229,535 157,170,090 Roche Holding 447,645(c) 66,887,670 Schering-Plough 2,353,531 47,870,821 Sepracor 89,073(b) 5,010,356 Wyeth 1,158,275 51,612,734 Total 591,155,521 Common Stocks (continued) Issuer Shares Value(a) Real Estate (--%) Apartment Investment & Management Cl A 102,171 $3,923,366 Real Estate Investment Trust (0.1%) Equity Office Properties Trust 320,957 9,885,476 HomeBanc 21,000 151,200 Total 10,036,676 Road & Rail (0.1%) Norfolk Southern 146,012 5,869,682 Semiconductors & Semiconductor Equipment (2.5%) Analog Devices 245,731 8,546,524 Applied Materials 393,912 6,452,279 ATI Technologies 429,668(b,c) 6,208,703 Broadcom Cl A 302,906(b) 12,861,389 Credence Systems 169,269(b) 1,303,371 Cypress Semiconductor 463,034(b) 6,297,262 Freescale Semiconductor Cl A 1,626,729(b) 38,537,210 Freescale Semiconductor Cl B 628,172(b) 15,000,747 Intel 3,731,119 87,681,297 Linear Technology 211,440 7,021,922 MEMC Electronic Materials 1,375,251(b) 24,672,003 Texas Instruments 1,125,148 32,122,975 Total 246,705,682 Software (2.8%) Adobe Systems 735,389 23,716,295 Cadence Design Systems 724,426(b) 11,576,327 Check Point Software Technologies 74,068(b,c) 1,656,160 Compuware 964,262(b) 7,800,880 Electronic Arts 44,026(b) 2,504,199 Macromedia 233,122(b) 10,238,718 Mercury Interactive 605,794(b) 21,075,573 Microsoft 3,971,553 102,068,913 Oracle 4,817,912(b) 61,091,124 SAP ADR 346,729(c) 14,888,543 Siebel Systems 355,173 3,676,041 Symantec 343,802(b) 8,199,678 TIBCO Software 208,883(b) 1,585,422 Total 270,077,873 Specialty Retail (1.4%) Advance Auto Parts 2,003,788(b) 75,142,049 AutoZone 16,959(b) 1,371,983 Bed Bath & Beyond 83,459(b) 3,381,759 Circuit City Stores 71,549 1,272,857 Gap 225,941 3,904,260 Home Depot 840,592 34,497,896 Lowe's Companies 199,450 12,120,577 Staples 192,633 4,378,548 Tiffany & Co 58,519 2,305,649 Total 138,375,578 Common Stocks (continued) Issuer Shares Value(a) Textiles, Apparel & Luxury Goods (0.1%) Nike Cl B 59,245 $4,979,542 Thrifts & Mortgage Finance (2.0%) Countrywide Financial 2,244,870 71,319,520 Fannie Mae 1,437,587 68,314,134 Freddie Mac 739,331 45,357,957 Washington Mutual 144,244 5,712,062 Total 190,703,673 Tobacco (1.5%) Altria Group 1,969,707 147,826,510 Wireless Telecommunication Services (1.0%) KT Freetel 64,600(c) 1,390,716 LG Telecom 321,200(b,c) 1,589,793 NeuStar Cl A 1,007,004(b) 30,814,323 O2 5,116,669(c) 18,637,955 Orascom Telecom GDR 523,520(c) 25,678,656 Partner Communications ADR 171,929(c) 1,399,502 Telesp Celular Participacoes ADR 688,833(c) 2,514,240 Turkcell Iletisim Hizmetleri ADR 261,232(c) 3,443,038 Vodafone Group ADR 623,237(c) 16,366,204 Total 101,834,427 Total Common Stocks (Cost: $8,960,067,761) $9,088,798,571 Short-Term Securities (4.0%)(g) Issuer Effective Amount Value(a) yield payable at maturity Commercial paper Abbey Natl North America LLC 11-01-05 3.90% $50,000,000 $49,994,583 11-02-05 3.93 50,000,000 49,989,084 11-04-05 3.93 50,000,000 49,978,167 Alpine Securitization 11-07-05 3.94 31,200,000(e) 31,176,097 BNP Paribas Finance 11-01-05 4.03 11,900,000 11,898,668 CRC Funding LLC 11-01-05 4.04 28,800,000(e) 28,796,768 Park Granada LLC 11-03-05 3.84 35,000,000(e) 34,988,800 11-10-05 4.05 45,000,000(e) 44,949,375 11-14-05 4.06 50,000,000(e) 49,921,250 Thames Asset Global Securitization 11-14-05 3.91 35,000,000(e) 34,946,916 Total Short-Term Securities (Cost: $386,682,233) $386,639,708 Total Investments in Securities (Cost: $9,346,749,994)(h) $9,475,438,279 See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 3 --- RIVERSOURCE NEW DIMENSIONS FUND --- PORTFOLIO HOLDINGS AT OCT. 31, 2005 Notes to Investments in Securities (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated July 31, 2005. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Oct. 31, 2005, the value of foreign securities represented 9.8% of net assets. (d) Partially pledged as initial margin deposit on the following open stock index futures contracts: Type of security Contracts Purchase contracts S&P 500 Index, Dec. 2005 970 (e) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At Oct. 31, 2005, the value of these securities amounted to $224,779,206 or 2.3% of net assets. (f) At Oct. 31, 2005, security was partially or fully on loan. (g) Cash collateral received from security lending activity is invested in short-term securities and represents 0.2% of net assets. 3.8% of net assets is the Portfolio's cash equivalent position. (h) At Oct. 31, 2005, the cost of securities for federal income tax purposes was approximately $9,346,750,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 356,216,000 Unrealized depreciation (227,528,000) ------------ Net unrealized appreciation $ 128,688,000 ------------- The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. 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.riversource.com/funds. -------------------------------------------------------------------------------- 4 --- RIVERSOURCE NEW DIMENSIONS FUND --- PORTFOLIO HOLDINGS AT OCT. 31, 2005 S-6440-80 D (12/05) 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 December 23, 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 December 23, 2005 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date December 23, 2005