-----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, Wv4P5K9gYvG1cA1Ij8B6FYhqnCWL6oZ3rJBe4NUIwSxE9D5lPnTqvG3p3B6eP9fF PQTBxbPwHoT0xF86K0aYiQ== 0000950152-08-005007.txt : 20080627 0000950152-08-005007.hdr.sgml : 20080627 20080627145950 ACCESSION NUMBER: 0000950152-08-005007 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080430 FILED AS OF DATE: 20080627 DATE AS OF CHANGE: 20080627 EFFECTIVENESS DATE: 20080627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE INCOME SERIES, INC. CENTRAL INDEX KEY: 0000052407 IRS NUMBER: 410839316 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00499 FILM NUMBER: 08922337 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP INCOME SERIES INC DATE OF NAME CHANGE: 20021118 FORMER COMPANY: FORMER CONFORMED NAME: AXP SELECTIVE FUND INC /MN/ DATE OF NAME CHANGE: 20000829 FORMER COMPANY: FORMER CONFORMED NAME: IDS SELECTIVE FUND INC DATE OF NAME CHANGE: 19920703 0000052407 S000003435 RiverSource Income Builder Basic Income Fund C000009499 RiverSource Income Builder Basic Income Fund Class A RBBAX C000009500 RiverSource Income Builder Basic Income Fund Class B RBBBX C000009501 RiverSource Income Builder Basic Income Fund Class C RBBCX C000042931 RiverSource Income Builder Basic Income Fund Class R4 0000052407 S000003436 RiverSource Income Builder Moderate Income Fund C000009503 RiverSource Income Builder Moderate Income Fund Class A RSMAX C000009504 RiverSource Income Builder Moderate Income Fund Class B RSMBX C000009505 RiverSource Income Builder Moderate Income Fund Class C RSMCX C000042932 RiverSource Income Builder Moderate Income Fund Class R4 0000052407 S000003437 RiverSource Income Builder Enhanced Income Fund C000009507 RiverSource Income Builder Enhanced Income Fund Class A RSBAX C000009508 RiverSource Income Builder Enhanced Income Fund Class B REIVX C000009509 RiverSource Income Builder Enhanced Income Fund Class C RIECX C000042933 RiverSource Income Builder Enhanced Income Fund Class R4 N-Q 1 c27078nvq.txt FORM N-Q 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 811-499 RIVERSOURCE INCOME SERIES, INC. (Exact name of registrant as specified in charter) 50606 Ameriprise Financial Center, Minneapolis, Minnesota 55474 (Address of principal executive offices) (Zip code)
Scott R. Plummer - 5228 Ameriprise Financial Center, Minneapolis, MN 55474 (Name and address of agent for service) Registrant's telephone number, including area code: (612) 671-1947 Date of fiscal year end: 1/31 Date of reporting period: 4/30 PORTFOLIO OF INVESTMENTS FOR RIVERSOURCE INCOME BUILDER SERIES AT APRIL 30, 2008 RiverSource Income Builder Basic Income Fund APRIL 30, 2008 (UNAUDITED) (Percentages represent value of investments compared to net assets) INVESTMENTS IN AFFILIATED FUNDS
FIXED INCOME FUNDS (62.4%)(b) SHARES VALUE(a) FLOATING RATE (7.1%) RiverSource Floating Rate Fund 2,499,543 $22,545,876 - ------------------------------------------------------------------------------------- GLOBAL BOND (7.6%) RiverSource Global Bond Fund 3,456,424 24,160,401 - ------------------------------------------------------------------------------------- HIGH YIELD (2.6%) RiverSource High Yield Bond Fund 3,072,531 8,388,009 - ------------------------------------------------------------------------------------- INFLATION PROTECTED SECURITIES (9.1%) RiverSource Inflation Protected Securities Fund 2,815,004 28,994,539 - ------------------------------------------------------------------------------------- INTERNATIONAL (5.2%) RiverSource Emerging Markets Bond Fund 1,625,877 16,405,101 - ------------------------------------------------------------------------------------- INVESTMENT GRADE (30.8%) RiverSource Diversified Bond Fund 2,458,802 11,802,251 RiverSource U.S. Government Mortgage Fund 17,285,040 86,425,198 --------------- Total 98,227,449 - ------------------------------------------------------------------------------------- TOTAL FIXED INCOME FUNDS (Cost: $200,530,859) $198,721,375 - ------------------------------------------------------------------------------------- EQUITY FUNDS (25.4%)(b) SHARES VALUE(a) DIVIDEND INCOME (9.2%) RiverSource Dividend Opportunity Fund 3,431,788 $29,170,200 - ------------------------------------------------------------------------------------- INTERNATIONAL (4.3%) RiverSource Disciplined International Equity Fund 1,212,575 13,592,971 - ------------------------------------------------------------------------------------- U.S. LARGE CAP (9.3%) RiverSource Disciplined Equity Fund 4,510,674 29,815,554 - ------------------------------------------------------------------------------------- U.S. SMALL CAP (2.6%) RiverSource Disciplined Small Cap Value Fund 940,913 8,270,625 - ------------------------------------------------------------------------------------- TOTAL EQUITY FUNDS (Cost: $84,663,803) $80,849,350 - ------------------------------------------------------------------------------------- ALTERNATIVE INVESTMENTS (4.0%)(b) SHARES VALUE(a) RiverSource Absolute Return Currency and Income Fund 1,307,359 $12,733,675 - ------------------------------------------------------------------------------------- TOTAL ALTERNATIVE INVESTMENTS (Cost: $13,498,197) $12,733,675 - ------------------------------------------------------------------------------------- CASH EQUIVALENTS (8.1%)(b) SHARES VALUE(a) MONEY MARKET RiverSource Cash Management Fund 25,621,664 $25,621,664 - ------------------------------------------------------------------------------------- TOTAL CASH EQUIVALENTS (Cost: $25,621,664) $25,621,664 - ------------------------------------------------------------------------------------- TOTAL INVESTMENTS IN AFFILIATED FUNDS (Cost: $324,314,523)(c) $317,926,064 =====================================================================================
NOTES TO INVESTMENTS IN AFFILIATED FUNDS (a) Securities are valued by using procedures described in Note 1 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (b) Investments in Underlying Affiliated Funds -- See Note 6 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (c) At April 30, 2008, the cost of securities for federal income tax purposes was approximately $324,315,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $2,097,000 Unrealized depreciation (8,486,000) - --------------------------------------------------------------------------------------- Net unrealized depreciation $(6,389,000) - ---------------------------------------------------------------------------------------
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 riversource.com/funds. - -------------------------------------------------------------------------------- 1 RIVERSOURCE INCOME BUILDER SERIES -- PORTFOLIO OF INVESTMENTS AT APRIL 30, 2008 RiverSource Income Builder Enhanced Income Fund APRIL 30, 2008 (UNAUDITED) (Percentages represent value of investments compared to net assets) INVESTMENTS IN AFFILIATED FUNDS
FIXED INCOME FUNDS (66.0%)(b) SHARES VALUE(a) FLOATING RATE (20.5%) RiverSource Floating Rate Fund 7,202,184 $64,963,700 - ------------------------------------------------------------------------------------- GLOBAL BOND (8.0%) RiverSource Global Bond Fund 3,611,377 25,243,522 - ------------------------------------------------------------------------------------- HIGH YIELD (10.3%) RiverSource High Yield Bond Fund 11,976,196 32,695,014 - ------------------------------------------------------------------------------------- INFLATION PROTECTED SECURITIES (7.5%) RiverSource Inflation Protected Securities Fund 2,292,921 23,617,085 - ------------------------------------------------------------------------------------- INTERNATIONAL (12.8%) RiverSource Emerging Markets Bond Fund 4,029,457 40,657,220 - ------------------------------------------------------------------------------------- INVESTMENT GRADE (6.9%) RiverSource Diversified Bond Fund 682,439 3,275,709 RiverSource U.S. Government Mortgage Fund 3,724,279 18,621,396 --------------- Total 21,897,105 - ------------------------------------------------------------------------------------- TOTAL FIXED INCOME FUNDS (Cost: $219,544,933) $209,073,646 - ------------------------------------------------------------------------------------- EQUITY FUNDS (26.5%)(b) SHARES VALUE(a) DIVIDEND INCOME (11.6%) RiverSource Dividend Opportunity Fund 4,314,904 $36,676,685 - ------------------------------------------------------------------------------------- INTERNATIONAL (7.9%) RiverSource Disciplined International Equity Fund 2,236,555 25,071,786 - ------------------------------------------------------------------------------------- U.S. LARGE CAP (5.0%) RiverSource Disciplined Equity Fund 2,385,432 15,767,709 - ------------------------------------------------------------------------------------- U.S. SMALL CAP (2.0%) RiverSource Disciplined Small Cap Value Fund 730,996 6,425,455 - ------------------------------------------------------------------------------------- TOTAL EQUITY FUNDS (Cost: $87,985,925) $83,941,635 - ------------------------------------------------------------------------------------- ALTERNATIVE INVESTMENTS (4.0%)(b) SHARES VALUE(a) RiverSource Absolute Return Currency and Income Fund 1,310,374 $12,763,045 - ------------------------------------------------------------------------------------- TOTAL ALTERNATIVE INVESTMENTS (Cost: $13,324,438) $12,763,045 - ------------------------------------------------------------------------------------- CASH EQUIVALENTS (3.5%)(b) SHARES VALUE(a) MONEY MARKET RiverSource Cash Management Fund 11,197,168 $11,197,168 - ------------------------------------------------------------------------------------- TOTAL CASH EQUIVALENTS (Cost: $11,197,168) $11,197,168 - ------------------------------------------------------------------------------------- TOTAL INVESTMENTS IN AFFILIATED FUNDS (Cost: $332,052,464)(c) $316,975,494 =====================================================================================
NOTES TO INVESTMENTS IN AFFILIATED FUNDS (a) Securities are valued by using procedures described in Note 1 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (b) Investments in Underlying Affiliated Funds -- See Note 6 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (c) At April 30, 2008, the cost of securities for federal income tax purposes was approximately $332,052,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $1,616,000 Unrealized depreciation (16,693,000) - ---------------------------------------------------------------------------------------- Net unrealized depreciation $(15,077,000) - ----------------------------------------------------------------------------------------
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 riversource.com/funds. - -------------------------------------------------------------------------------- 2 RIVERSOURCE INCOME BUILDER SERIES -- PORTFOLIO OF INVESTMENTS AT APRIL 30, 2008 RiverSource Income Builder Moderate Income Fund APRIL 30, 2008 (UNAUDITED) (Percentages represent value of investments compared to net assets) INVESTMENTS IN AFFILIATED FUNDS
FIXED INCOME FUNDS (65.5%)(b) SHARES VALUE(a) FLOATING RATE (17.2%) RiverSource Floating Rate Fund 11,908,370 $107,413,497 - ------------------------------------------------------------------------------------- GLOBAL BOND (7.8%) RiverSource Global Bond Fund 6,977,410 48,772,098 - ------------------------------------------------------------------------------------- HIGH YIELD (5.1%) RiverSource High Yield Bond Fund 11,590,929 31,643,237 - ------------------------------------------------------------------------------------- INFLATION PROTECTED SECURITIES (8.6%) RiverSource Inflation Protected Securities Fund 5,189,287 53,449,654 - ------------------------------------------------------------------------------------- INTERNATIONAL (6.0%) RiverSource Emerging Markets Bond Fund 3,696,853 37,301,242 - ------------------------------------------------------------------------------------- INVESTMENT GRADE (20.8%) RiverSource Diversified Bond Fund 4,018,485 19,288,728 RiverSource U.S. Government Mortgage Fund 22,168,494 110,842,471 --------------- Total 130,131,199 - ------------------------------------------------------------------------------------- TOTAL FIXED INCOME FUNDS (Cost: $421,562,524) $408,710,927 - ------------------------------------------------------------------------------------- EQUITY FUNDS (29.3%)(b) SHARES VALUE(a) DIVIDEND INCOME (12.9%) RiverSource Dividend Opportunity Fund 9,386,016 $79,781,135 - ------------------------------------------------------------------------------------- INTERNATIONAL (6.2%) RiverSource Disciplined International Equity Fund 3,469,373 38,891,670 - ------------------------------------------------------------------------------------- U.S. LARGE CAP (8.7%) RiverSource Disciplined Equity Fund 8,248,257 54,520,976 - ------------------------------------------------------------------------------------- U.S. SMALL CAP (1.5%) RiverSource Disciplined Small Cap Value Fund 1,057,895 9,298,896 - ------------------------------------------------------------------------------------- TOTAL EQUITY FUNDS (Cost: $191,987,059) $182,492,677 - ------------------------------------------------------------------------------------- ALTERNATIVE INVESTMENTS (4.0%)(b) SHARES VALUE(a) RiverSource Absolute Return Currency and Income Fund 2,553,696 $24,872,995 - ------------------------------------------------------------------------------------- TOTAL ALTERNATIVE INVESTMENTS (Cost: $26,236,810) $24,872,995 - ------------------------------------------------------------------------------------- CASH EQUIVALENTS (1.2%)(b) SHARES VALUE(a) MONEY MARKET RiverSource Cash Management Fund 7,477,586 $7,477,586 - ------------------------------------------------------------------------------------- TOTAL CASH EQUIVALENTS (Cost: $7,477,586) $7,477,586 - ------------------------------------------------------------------------------------- TOTAL INVESTMENTS IN AFFILIATED FUNDS (Cost: $647,263,979)(c) $623,554,185 =====================================================================================
NOTES TO INVESTMENTS IN AFFILIATED FUNDS (a) Securities are valued by using procedures described in Note 1 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (b) Investments in Underlying Affiliated Funds -- See Note 6 to the financial statements in the most recent Annual Report dated Jan. 31, 2008. (c) At April 30, 2008, the cost of securities for federal income tax purposes was approximately $647,264,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $2,605,000 Unrealized depreciation (26,315,000) - ---------------------------------------------------------------------------------------- Net unrealized depreciation $(23,710,000) - ----------------------------------------------------------------------------------------
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 riversource.com/funds. - -------------------------------------------------------------------------------- 3 RIVERSOURCE INCOME BUILDER SERIES -- PORTFOLIO OF INVESTMENTS AT APRIL 30, 2008 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) RiverSource Income Series, Inc. By /s/ Patrick T. Bannigan --------------------------------- Patrick T. Bannigan President and Principal Executive Officer Date June 27, 2008 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/ Patrick T. Bannigan --------------------------------- Patrick T. Bannigan President and Principal Executive Officer Date June 27, 2008 By /s/ Jeffrey P. Fox --------------------------------- Jeffrey P. Fox Treasurer and Principal Financial Officer Date June 27, 2008 EX-99.CERT 2 c27078exv99wcert.txt CERTIFICATIONS Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Patrick T. Bannigan, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Income 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 23, 2008 /s/ Patrick T. Bannigan - ------------------------------------ Name: Patrick T. Bannigan Title: President and Principal Executive Officer Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey P. Fox, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Income 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 23, 2008 /s/ Jeffrey P. Fox - ------------------------------------ Name: Jeffrey P. Fox Title: Treasurer and Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----