EX-99.2 3 a09-19238_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

1



 

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

 

 

Page

Ameriprise Financial, Inc.

 

Highlights

4

Financial Summary

5

Consolidated Income Statements

6

Consolidated, Per Share Summary

8

Advice & Wealth Management Segment

 

Segment Income Statements

10

Segment Metrics

11

Asset Management Segment

 

Segment Income Statements

13

Segment Metrics

14

Domestic Asset Management Products

15

International Asset Management Products

16

Annuities Segment

 

Segment Income Statements

18

Segment Metrics

19

Protection Segment

 

Segment Income Statements

21

Segment Metrics

22

Corporate & Other Segment

 

Segment Income Statements

24

Eliminations

 

Income Statements

25

Balance Sheet and Ratings Information

 

Consolidated Balance Sheets

27

Capital and Ratings Information

28

Investments

29

Non-GAAP Financial Information

30

Glossary of Selected Terminology

 

Glossary of Selected Terminology - Segments

31

Glossary of Selected Terminology

32

Exhibit A

 

Domestic Mutual Fund Performance and Lipper Ranking

34

Exhibit B

 

Return on Equity

43

Exhibit C

 

Disclosed Items

45

Exhibit D

 

Prior Statistical Supplement Reconciliation Tables

49

 

2



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Consolidated Results

 

3



 

Ameriprise Financial, Inc.

Highlights

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

(in millions, except earnings per share amounts,

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

headcount and as otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management Targets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

(8.6

)%

(22.8

)%

(40.8

)%

(13.7

)%

(4.6

)%

(5.4

)%

(9.2

)%

4.0

%

 

 

(3.8

)%

 

 

9.1

%

 

 

Return on equity: Target 12 - 15%

 

11.2

%

7.9

%

(0.5

)%

(1.4

)%

(3.1

)%

11.2

%

(3.1

)%

(14.3

)%

 

 

(14.3

)%

 

 

(1.7

)%

 

 

Earnings per diluted share growth: Target 12 - 15%

 

14.8

%

(138.6

)%

(256.5

)%

(29.3

)%

(55.9

)%

17.4

%

(43.4

)%

(70.7

)%

 

 

(60.9

)%

 

 

(26.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Margins

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) margin (1)

 

11.8

%

(10.8

)%

(50.1

)%

7.8

%

6.1

%

10.7

%

6.9

%

(5.7

)%

 

 

(3.8

)%

 

 

(1.7

)%

 

 

Net income (loss) attributable to Ameriprise Financial margin (1)

 

10.7

%

(4.3

)%

(27.6

)%

7.6

%

5.1

%

10.1

%

6.3

%

(5.6

)%

 

 

(3.8

)%

 

 

(2.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.94

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.41

 

$

1.77

 

$

1.00

 

$

(0.53

)

(56

)%

$

(0.77

)

(44

)%

$

(0.17

)

(29

)%

Earnings (loss) per diluted share

 

$

0.93

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.41

 

$

1.75

 

$

0.99

 

$

(0.52

)

(56

)%

$

(0.76

)

(43

)%

$

(0.17

)

(29

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

218.9

 

216.6

 

216.5

 

219.1

 

255.0

 

218.9

 

255.0

 

36.1

 

16

%

36.1

 

16

%

35.9

 

16

%

Nonforfeitable restricted stock units

 

2.0

 

2.0

 

1.9

 

4.6

 

4.2

 

2.0

 

4.2

 

2.2

 

 

#

2.2

 

 

#

(0.4

)

(9

)%

Total potentially dilutive

 

2.7

 

2.9

 

2.1

 

0.7

 

1.4

 

2.7

 

1.4

 

(1.3

)

(48

)%

(1.3

)

(48

)%

0.7

 

 

#

Total diluted shares

 

223.6

 

221.5

 

220.5

 

224.4

 

260.6

 

223.6

 

260.6

 

37.0

 

17

%

37.0

 

17

%

36.2

 

16

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

223.2

 

219.1

 

218.5

 

222.3

 

228.8

 

225.8

 

225.6

 

5.6

 

3

%

(0.2

)

0

%

6.5

 

3

%

Diluted

 

226.0

 

221.7

 

220.3

 

223.5

 

230.0

 

228.8

 

226.8

 

4.0

 

2

%

(2.0

)

(1

)%

6.5

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial shareholders equity - end of period

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

$

8,110

 

$

7,314

 

$

8,110

 

$

796

 

11

%

$

796

 

11

%

$

1,726

 

27

%

Total client assets

 

275,473

 

253,431

 

241,363

 

231,298

 

258,393

 

275,473

 

258,393

 

(17,080

)

(6

)%

(17,080

)

(6

)%

27,095

 

12

%

Total financial advisors

 

11,521

 

11,433

 

12,486

 

12,466

 

12,508

 

11,521

 

12,508

 

987

 

9

%

987

 

9

%

42

 

0

%

Net revenue per financial advisor (in thousands)

 

$

77

 

$

62

 

$

47

 

$

58

 

$

63

 

$

158

 

$

121

 

$

(14

)

(18

)%

$

(37

)

(23

)%

$

5

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed, and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

36.9

 

$

34.4

 

$

31.7

 

$

29.6

 

$

32.5

 

$

36.9

 

$

32.5

 

$

(4.4

)

(12

)%

$

(4.4

)

(12

)%

$

2.9

 

10

%

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

281.3

 

241.1

 

209.4

 

196.4

 

222.2

 

281.3

 

222.2

 

(59.1

)

(21

)%

(59.1

)

(21

)%

25.8

 

13

%

Owned

 

59.9

 

57.2

 

55.5

 

56.9

 

62.8

 

59.9

 

62.8

 

2.9

 

5

%

2.9

 

5

%

5.9

 

10

%

Total managed

 

341.2

 

298.3

 

264.9

 

253.3

 

285.0

 

341.2

 

285.0

 

(56.2

)

(16

)%

(56.2

)

(16

)%

31.7

 

13

%

Administered

 

65.6

 

60.8

 

75.5

 

71.1

 

79.8

 

65.6

 

79.8

 

14.2

 

22

%

14.2

 

22

%

8.7

 

12

%

Total OMA assets

 

$

443.7

 

$

393.5

 

$

372.1

 

$

354.0

 

$

397.3

 

$

443.7

 

$

397.3

 

$

(46.4

)

(10

)%

$

(46.4

)

(10

)%

$

43.3

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends paid

 

$

34

 

$

37

 

$

38

 

$

37

 

$

38

 

$

68

 

$

75

 

$

4

 

12

%

$

7

 

10

%

$

1

 

3

%

Common stock share repurchases

 

$

250

 

$

94

 

$

 

$

 

$

 

$

520

 

$

 

$

(250

)

 

#

$

(520

)

 

#

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

21.6

%

23.6

%

24.7

%

23.1

%

23.1

%

21.6

%

23.1

%

1.5

%

 

 

1.5

%

 

 

 

 

 

Debt to total capital excluding non-recourse debt

 

21.5

%

22.9

%

24.1

%

22.4

%

22.2

%

21.5

%

22.2

%

0.7

%

 

 

0.7

%

 

 

(0.2

)%

 

 

Debt to total capital excluding non-recourse debt and 75% equity credit

 

17.4

%

18.6

%

19.8

%

19.3

%

19.9

%

17.4

%

19.9

%

2.5

%

 

 

2.5

%

 

 

0.6

%

 

 

 


(1)  See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

4



 

Ameriprise Financial, Inc.

Financial Summary

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Segment Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

891

 

$

712

 

$

582

 

$

729

 

$

788

 

$

1,827

 

$

1,517

 

$

(103

)

(12

)%

$

(310

)

(17

)%

$

59

 

8

%

Asset Management

 

364

 

305

 

265

 

248

 

285

 

719

 

533

 

(79

)

(22

)%

(186

)

(26

)%

37

 

15

%

Annuities

 

494

 

336

 

310

 

492

 

562

 

972

 

1,054

 

68

 

14

%

82

 

8

%

70

 

14

%

Protection

 

479

 

542

 

450

 

496

 

497

 

962

 

993

 

18

 

4

%

31

 

3

%

1

 

 

Corporate & Other

 

14

 

(9

)

(15

)

29

 

(5

)

23

 

24

 

(19

)

 

#

1

 

4

%

(34

)

 

#

Eliminations

 

(274

)

(257

)

(253

)

(275

)

(250

)

(544

)

(525

)

24

 

9

%

19

 

3

%

25

 

9

%

Total net revenues

 

1,968

 

1,629

 

1,339

 

1,719

 

1,877

 

3,959

 

3,596

 

(91

)

(5

)%

(363

)

(9

)%

158

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

840

 

789

 

769

 

790

 

791

 

1,712

 

1,581

 

(49

)

(6

)%

(131

)

(8

)%

1

 

 

Asset Management(2)

 

322

 

290

 

263

 

256

 

297

 

659

 

553

 

(25

)

(8

)%

(106

)

(16

)%

41

 

16

%

Annuities

 

417

 

370

 

682

 

363

 

468

 

853

 

831

 

51

 

12

%

(22

)

(3

)%

105

 

29

%

Protection

 

366

 

438

 

417

 

384

 

387

 

747

 

771

 

21

 

6

%

24

 

3

%

3

 

1

%

Corporate & Other

 

60

 

161

 

102

 

53

 

61

 

100

 

114

 

1

 

2

%

14

 

14

%

8

 

15

%

Eliminations

 

(274

)

(257

)

(253

)

(275

)

(250

)

(544

)

(525

)

24

 

9

%

19

 

3

%

25

 

9

%

Total expenses

 

1,731

 

1,791

 

1,980

 

1,571

 

1,754

 

3,527

 

3,325

 

23

 

1

%

(202

)

(6

)%

183

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

51

 

(77

)

(187

)

(61

)

(3

)

115

 

(64

)

(54

)

 

#

(179

)

 

#

58

 

95

%

Asset Management

 

42

 

15

 

2

 

(8

)

(12

)

60

 

(20

)

(54

)

 

#

(80

)

 

#

(4

)

(50

)%

Annuities

 

77

 

(34

)

(372

)

129

 

94

 

119

 

223

 

17

 

22

%

104

 

87

%

(35

)

(27

)%

Protection

 

113

 

104

 

33

 

112

 

110

 

215

 

222

 

(3

)

(3

)%

7

 

3

%

(2

)

(2

)%

Corporate & Other

 

(46

)

(170

)

(117

)

(24

)

(66

)

(77

)

(90

)

(20

)

(43

)%

(13

)

(17

)%

(42

)

 

#

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

237

 

$

(162

)

$

(641

)

$

148

 

$

123

 

$

432

 

$

271

 

$

(114

)

(48

)%

$

(161

)

(37

)%

$

(25

)

(17

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income (Loss) Margin (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

5.7

%

(10.8

)%

(32.1

)%

(8.4

)%

(0.4

)%

6.3

%

(4.2

)%

(6.1

)%

 

 

(10.5

)%

 

 

8.0

%

 

 

Asset Management

 

11.5

%

4.9

%

0.8

%

(3.2

)%

(4.2

)%

8.3

%

(3.8

)%

(15.7

)%

 

 

(12.1

)%

 

 

(1.0

)%

 

 

Annuities

 

15.6

%

(10.1

)%

(120.0

)%

26.2

%

16.7

%

12.2

%

21.2

%

1.1

%

 

 

9.0

%

 

 

(9.5

)%

 

 

Protection

 

23.6

%

19.2

%

7.3

%

22.6

%

22.1

%

22.3

%

22.4

%

(1.5

)%

 

 

0.1

%

 

 

(0.5

)%

 

 

Ameriprise Financial, Inc.

 

11.8

%

(10.8

)%

(50.1

)%

7.8

%

6.1

%

10.7

%

6.9

%

(5.7

)%

 

 

(3.8

)%

 

 

(1.7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

962

 

$

989

 

$

879

 

$

833

 

$

825

 

$

962

 

$

825

 

$

(137

)

(14

)%

$

(137

)

(14

)%

$

(8

)

(1

)%

Asset Management

 

817

 

779

 

1,184

 

1,039

 

1,043

 

817

 

1,043

 

226

 

28

%

226

 

28

%

4

 

 

Annuities

 

1,961

 

2,228

 

2,754

 

2,774

 

2,093

 

1,961

 

2,093

 

132

 

7

%

132

 

7

%

(681

)

(25

)%

Protection

 

2,366

 

2,470

 

2,339

 

2,388

 

2,450

 

2,366

 

2,450

 

84

 

4

%

84

 

4

%

62

 

3

%

Corporate & Other

 

1,730

 

1,224

 

115

 

484

 

2,087

 

1,730

 

2,087

 

357

 

21

%

357

 

21

%

1,603

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total allocated equity

 

$

7,836

 

$

7,690

 

$

7,271

 

$

7,518

 

$

8,498

 

$

7,836

 

$

8,498

 

$

662

 

8

%

$

662

 

8

%

$

980

 

13

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Return on Allocated Equity (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

25.8

%

7.6

%

(15.9

)%

(29.8

)%

(36.5

)%

25.8

%

(36.5

)%

(62.3

)%

 

 

(62.3

)%

 

 

(6.7

)%

 

 

Asset Management

 

28.1

%

21.9

%

8.5

%

5.5

%

(0.3

)%

28.1

%

(0.3

)%

(28.4

)%

 

 

(28.4

)%

 

 

(5.8

)%

 

 

Annuities

 

16.3

%

10.2

%

(13.0

)%

(8.5

)%

(7.7

)%

16.3

%

(7.7

)%

(24.0

)%

 

 

(24.0

)%

 

 

0.8

%

 

 

Protection

 

20.1

%

20.0

%

14.9

%

15.2

%

14.9

%

20.1

%

14.9

%

(5.2

)%

 

 

(5.2

)%

 

 

(0.3

)%

 

 

 


(1)  See non-GAAP Financial Information.

(2)  Total expenses include net income (loss) attributable to noncontrolling interest.

 

# Variance of 100% or greater.

 

5



 

Ameriprise Financial, Inc.

Consolidated Income Statements

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

780

 

$

721

 

$

607

 

$

554

 

$

606

 

$

1,571

 

$

1,160

 

$

(174

)

(22

)%

$

(411

)

(26

)%

$

52

 

9

%

Distribution fees

 

422

 

376

 

334

 

311

 

351

 

855

 

662

 

(71

)

(17

)%

(193

)

(23

)%

40

 

13

%

Net investment income

 

393

 

62

 

(28

)

421

 

514

 

794

 

935

 

121

 

31

%

141

 

18

%

93

 

22

%

Premiums

 

257

 

264

 

271

 

266

 

269

 

513

 

535

 

12

 

5

%

22

 

4

%

3

 

1

%

Other revenues

 

158

 

249

 

202

 

209

 

175

 

315

 

384

 

17

 

11

%

69

 

22

%

(34

)

(16

)%

Total revenues

 

2,010

 

1,672

 

1,386

 

1,761

 

1,915

 

4,048

 

3,676

 

(95

)

(5

)%

(372

)

(9

)%

154

 

9

%

Banking and deposit interest expense

 

42

 

43

 

47

 

42

 

38

 

89

 

80

 

(4

)

(10

)%

(9

)

(10

)%

(4

)

(10

)%

Total net revenues

 

1,968

 

1,629

 

1,339

 

1,719

 

1,877

 

3,959

 

3,596

 

(91

)

(5

)%

(363

)

(9

)%

158

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

506

 

461

 

406

 

383

 

425

 

1,038

 

808

 

(81

)

(16

)%

(230

)

(22

)%

42

 

11

%

Interest credited to fixed accounts

 

192

 

200

 

203

 

205

 

237

 

387

 

442

 

45

 

23

%

55

 

14

%

32

 

16

%

Benefits, claims, losses and settlement expenses

 

294

 

196

 

331

 

100

 

587

 

598

 

687

 

293

 

100

%

89

 

15

%

487

 

 

#

Amortization of deferred acquisition costs

 

144

 

240

 

395

 

286

 

(125

)

298

 

161

 

(269

)

 

#

(137

)

(46

)%

(411

)

 

#

Interest and debt expense

 

28

 

27

 

28

 

26

 

28

 

54

 

54

 

 

 

 

 

2

 

8

%

General and administrative expense

 

572

 

681

 

647

 

585

 

610

 

1,162

 

1,195

 

38

 

7

%

33

 

3

%

25

 

4

%

Total expenses

 

1,736

 

1,805

 

2,010

 

1,585

 

1,762

 

3,537

 

3,347

 

26

 

1

%

(190

)

(5

)%

177

 

11

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

232

 

(176

)

(671

)

134

 

115

 

422

 

249

 

(117

)

(50

)%

(173

)

(41

)%

(19

)

(14

)%

Income tax provision (benefit)

 

27

 

(92

)

(272

)

18

 

28

 

31

 

46

 

1

 

4

%

15

 

48

%

10

 

56

%

Net income (loss)

 

205

 

(84

)

(399

)

116

 

87

 

391

 

203

 

(118

)

(58

)%

(188

)

(48

)%

(29

)

(25

)%

Less: Net loss attributable to noncontrolling interest

 

(5

)

(14

)

(30

)

(14

)

(8

)

(10

)

(22

)

(3

)

(60

)%

(12

)

 

#

6

 

43

%

Net income (loss) attributable to Ameriprise Financial

 

$

210

 

$

(70

)

$

(369

)

$

130

 

$

95

 

$

401

 

$

225

 

$

(115

)

(55

)%

$

(176

)

(44

)%

$

(35

)

(27

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) margin (1)

 

11.8

%

(10.8

)%

(50.1

)%

7.8

%

6.1

%

10.7

%

6.9

%

(5.7

)%

 

 

(3.8

)%

 

 

(1.7

)%

 

 

Net income (loss) attributable to Ameriprise Financial margin (1)

 

10.7

%

(4.3

)%

(27.6

)%

7.6

%

5.1

%

10.1

%

6.3

%

(5.6

)%

 

 

(3.8

)%

 

 

(2.5

)%

 

 

 


(1)  See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

6



 

Ameriprise Financial, Inc.

Consolidated Income Statements

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

401

 

$

398

 

$

389

 

$

395

 

$

478

 

$

819

 

$

873

 

$

77

 

19

%

$

54

 

7

%

$

83

 

21

%

Realized gains (losses)

 

(27

)

(317

)

(409

)

15

 

6

 

(51

)

21

 

33

 

 

#

72

 

 

#

(9

)

(60

)%

Other (including seed money)

 

19

 

(19

)

(8

)

11

 

30

 

26

 

41

 

11

 

58

%

15

 

58

%

19

 

 

#

Total net investment income

 

$

393

 

$

62

 

$

(28

)

$

421

 

$

514

 

$

794

 

$

935

 

$

121

 

31

%

$

141

 

18

%

$

93

 

22

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

(8.6

)%

(22.8

)%

(40.8

)%

(13.7

)%

(4.6

)%

(5.4

)%

(9.2

)%

4.0

%

 

 

(3.8

)%

 

 

9.1

%

 

 

Return on equity

 

11.2

%

7.9

%

(0.5

)%

(1.4

)%

(3.1

)%

11.2

%

(3.1

)%

(14.3

)%

 

 

(14.3

)%

 

 

(1.7

)%

 

 

Earnings per diluted share growth: Target 12 - 15%

 

14.8

%

(138.6

)%

(256.5

)%

(29.3

)%

(55.9

)%

17.4

%

(43.4

)%

(70.7

)%

 

 

(60.9

)%

 

 

(26.6

)%

 

 

Goodwill and intangible assets

 

$

853

 

$

783

 

$

1,391

 

$

1,377

 

$

1,443

 

$

853

 

$

1,443

 

$

590

 

69

%

$

590

 

69

%

$

66

 

5

%

Dividends paid

 

34

 

37

 

38

 

37

 

38

 

68

 

75

 

4

 

12

%

7

 

10

%

1

 

3

%

Common stock share repurchases

 

$

250

 

$

94

 

$

 

$

 

$

 

$

520

 

$

 

$

(250

)

 

#

$

(520

)

 

#

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

36.9

 

$

34.4

 

$

31.7

 

$

29.6

 

$

32.5

 

$

36.9

 

$

32.5

 

$

(4.4

)

(12

)%

$

(4.4

)

(12

)%

$

2.9

 

10

%

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

281.3

 

241.1

 

209.4

 

196.4

 

222.2

 

281.3

 

222.2

 

(59.1

)

(21

)%

(59.1

)

(21

)%

25.8

 

13

%

Owned

 

59.9

 

57.2

 

55.5

 

56.9

 

62.8

 

59.9

 

62.8

 

2.9

 

5

%

2.9

 

5

%

5.9

 

10

%

Total managed

 

341.2

 

298.3

 

264.9

 

253.3

 

285.0

 

341.2

 

285.0

 

(56.2

)

(16

)%

(56.2

)

(16

)%

31.7

 

13

%

Administered

 

65.6

 

60.8

 

75.5

 

71.1

 

79.8

 

65.6

 

79.8

 

14.2

 

22

%

14.2

 

22

%

8.7

 

12

%

Total OMA assets

 

$

443.7

 

$

393.5

 

$

372.1

 

$

354.0

 

$

397.3

 

$

443.7

 

$

397.3

 

$

(46.4

)

(10

)%

$

(46.4

)

(10

)%

$

43.3

 

12

%

 


# Variance of 100% or greater.

 

7



 

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions, except earnings per share amounts)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.94

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.41

 

$

1.77

 

$

1.00

 

$

(0.53

)

(56

)%

$

(0.77

)

(44

)%

$

(0.17

)

(29

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per diluted share (1)

 

$

0.93

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.41

 

$

1.75

 

$

0.99

 

$

(0.52

)

(56

)%

$

(0.76

)

(43

)%

$

(0.17

)

(29

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

223.4

 

218.9

 

216.6

 

216.5

 

219.1

 

227.7

 

216.5

 

(4.3

)

(2

)%

(11.2

)

(5

)%

2.6

 

1

%

Repurchases

 

(5.2

)

(2.3

)

 

 

 

(10.4

)

 

5.2

 

 

#

10.4

 

 

#

 

 

Issuances

 

0.8

 

0.1

 

0.1

 

3.1

 

36.0

 

2.1

 

39.1

 

35.2

 

 

#

37.0

 

 

#

32.9

 

 

#

Other

 

(0.1

)

(0.1

)

(0.2

)

(0.5

)

(0.1

)

(0.5

)

(0.6

)

 

 

(0.1

)

(20

)%

0.4

 

80

%

Total common outstanding

 

218.9

 

216.6

 

216.5

 

219.1

 

255.0

 

218.9

 

255.0

 

36.1

 

16

%

36.1

 

16

%

35.9

 

16

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

218.9

 

216.6

 

216.5

 

219.1

 

255.0

 

218.9

 

255.0

 

36.1

 

16

%

36.1

 

16

%

35.9

 

16

%

Nonforfeitable restricted stock units

 

2.0

 

2.0

 

1.9

 

4.6

 

4.2

 

2.0

 

4.2

 

2.2

 

 

#

2.2

 

 

#

(0.4

)

(9

)%

Total basic common shares

 

220.9

 

218.6

 

218.4

 

223.7

 

259.2

 

220.9

 

259.2

 

38.3

 

17

%

38.3

 

17

%

35.5

 

16

%

Total potentially dilutive

 

2.7

 

2.9

 

2.1

 

0.7

 

1.4

 

2.7

 

1.4

 

(1.3

)

(48

)%

(1.3

)

(48

)%

0.7

 

 

#

Total diluted shares

 

223.6

 

221.5

 

220.5

 

224.4

 

260.6

 

223.6

 

260.6

 

37.0

 

17

%

37.0

 

17

%

36.2

 

16

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

223.2

 

219.1

 

218.5

 

222.3

 

228.8

 

225.8

 

225.6

 

5.6

 

3

%

(0.2

)

 

6.5

 

3

%

Diluted

 

226.0

 

221.7

 

220.3

 

223.5

 

230.0

 

228.8

 

226.8

 

4.0

 

2

%

(2.0

)

(1

)%

6.5

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial shareholders equity - end of period

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

$

8,110

 

$

7,314

 

$

8,110

 

$

796

 

11

%

$

796

 

11

%

$

1,726

 

27

%

Average equity - 5 point

 

7,613

 

7,436

 

7,120

 

6,835

 

6,941

 

7,613

 

6,941

 

(672

)

(9

)%

(672

)

(9

)%

106

 

2

%

Book Value per Share

 

$

33.11

 

$

30.73

 

$

28.29

 

$

28.54

 

$

31.29

 

$

33.11

 

$

31.29

 

$

(1.82

)

(5

)%

$

(1.82

)

(5

)%

$

2.75

 

10

%

 


(1)

For 3rd Qtr and 4th Qtr of 2008 diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

 

 

#

Variance of 100% or greater.

 

8



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Advice & Wealth Management Segment

 

9



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr  Chg - 2Q

 

YTD  Chg - 2Q

 

Seq  Qtr Chg - 2Q

 

(in millions, except headcount and where noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

352

 

$

328

 

$

292

 

$

268

 

$

295

 

$

719

 

$

563

 

$

(57

)

(16

)%

$

(156

)

(22

)%

$

27

 

10

%

Distribution fees

 

508

 

457

 

430

 

431

 

423

 

1,025

 

854

 

(85

)

(17

)%

(171

)

(17

)%

(8

)

(2

)%

Net investment income

 

54

 

(46

)

(119

)

54

 

85

 

133

 

139

 

31

 

57

%

6

 

5

%

31

 

57

%

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

19

 

16

 

25

 

17

 

23

 

39

 

40

 

4

 

21

%

1

 

3

%

6

 

35

%

Total revenues

 

933

 

755

 

628

 

770

 

826

 

1,916

 

1,596

 

(107

)

(11

)%

(320

)

(17

)%

56

 

7

%

Banking and deposit interest expense

 

42

 

43

 

46

 

41

 

38

 

89

 

79

 

(4

)

(10

)%

(10

)

(11

)%

(3

)

(7

)%

Total net revenues

 

891

 

712

 

582

 

729

 

788

 

1,827

 

1,517

 

(103

)

(12

)%

(310

)

(17

)%

59

 

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

564

 

515

 

450

 

461

 

471

 

1,149

 

932

 

(93

)

(16

)%

(217

)

(19

)%

10

 

2

%

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

276

 

274

 

319

 

329

 

320

 

563

 

649

 

44

 

16

%

86

 

15

%

(9

)

(3

)%

Total expenses

 

840

 

789

 

769

 

790

 

791

 

1,712

 

1,581

 

(49

)

(6

)%

(131

)

(8

)%

1

 

 

Pretax segment income (loss)

 

$

51

 

$

(77

)

$

(187

)

$

(61

)

$

(3

)

$

115

 

$

(64

)

$

(54

)

 

#

$

(179

)

 

#

$

58

 

95

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1)

 

5.7

%

(10.8

)%

(32.1

)%

(8.4

)%

(0.4

)%

6.3

%

(4.2

)%

(6.1

)%

 

 

(10.5

)%

 

 

8.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

59

 

$

64

 

$

65

 

$

55

 

$

78

 

$

121

 

$

133

 

$

19

 

32

%

$

12

 

10

%

$

23

 

42

%

Realized gains (losses)

 

(21

)

(118

)

(194

)

(10

)

(8

)

(21

)

(18

)

13

 

62

%

3

 

14

%

2

 

20

%

Other (including seed money)

 

16

 

8

 

10

 

9

 

15

 

33

 

24

 

(1

)

(6

)%

(9

)

(27

)%

6

 

67

%

Total net investment income

 

$

54

 

$

(46

)

$

(119

)

$

54

 

$

85

 

$

133

 

$

139

 

$

31

 

57

%

$

6

 

5

%

$

31

 

57

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

962

 

$

989

 

$

879

 

$

833

 

$

825

 

$

962

 

$

825

 

$

(137

)

(14

)%

$

(137

)

(14

)%

$

(8

)

(1

)%

Pretax return on allocated equity (1)

 

25.8

%

7.6

%

(15.9

)%

(29.8

)%

(36.5

)%

25.8

%

(36.5

)%

(62.3

)%

 

 

(62.3

)%

 

 

(6.7

)%

 

 

On-balance sheet deposits

 

$

6,269

 

$

7,681

 

$

8,190

 

$

8,416

 

$

9,180

 

$

6,269

 

$

9,180

 

$

2,911

 

46

%

$

2,911

 

46

%

$

764

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Branded financial plan net cash sales

 

$

54

 

$

48

 

$

56

 

$

49

 

$

50

 

$

107

 

$

99

 

$

(4

)

(7

)%

$

(8

)

(7

)%

$

1

 

2

%

 


(1)

See non-GAAP Financial Information.

 

 

#

Variance of 100% or greater.

 

10



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions, except headcount and where noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Financial Advisors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee advisors

 

2,056

 

1,967

 

2,823

 

2,816

 

2,785

 

2,056

 

2,785

 

729

 

35

%

729

 

35

%

(31

)

(1

)%

Franchisee advisors

 

7,846

 

7,830

 

7,746

 

7,737

 

7,770

 

7,846

 

7,770

 

(76

)

(1

)%

(76

)

(1

)%

33

 

 

Total branded financial advisors

 

9,902

 

9,797

 

10,569

 

10,553

 

10,555

 

9,902

 

10,555

 

653

 

7

%

653

 

7

%

2

 

 

SAI independent advisors

 

1,619

 

1,636

 

1,917

 

1,913

 

1,953

 

1,619

 

1,953

 

334

 

21

%

334

 

21

%

40

 

2

%

Total financial advisors

 

11,521

 

11,433

 

12,486

 

12,466

 

12,508

 

11,521

 

12,508

 

987

 

9

%

987

 

9

%

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue per financial advisor (in thousands) (1)

 

$

77

 

$

62

 

$

47

 

$

58

 

$

63

 

$

158

 

$

121

 

$

(14

)

(18

)%

$

(37

)

(23

)%

$

5

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisor Retention

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee

 

62.0

%

62.8

%

68.2

%

72.3

%

73.4

%

62.0

%

73.4

%

11.4

%

 

 

11.4

%

 

 

1.1

%

 

 

Franchisee

 

93.7

%

93.3

%

92.2

%

92.5

%

91.1

%

93.7

%

91.1

%

(2.6

)%

 

 

(2.6

)%

 

 

(1.4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates and Banking - Combined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

(24

)

$

(112

)

$

(192

)

$

(10

)

$

20

 

$

(29

)

$

10

 

$

44

 

 

#

$

39

 

 

#

$

30

 

 

#

Allocated equity

 

$

393

 

$

416

 

$

395

 

$

528

 

$

521

 

$

393

 

$

521

 

$

128

 

33

%

$

128

 

33

%

$

(7

)

(1

)%

Pretax return on allocated equity

 

(8.9

)%

(38.7

)%

(85.5

)%

(80.2

)%

(65.2

)%

(8.9

)%

(65.2

)%

(56.3

)%

 

 

(56.3

)%

 

 

15.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management & Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

75

 

$

35

 

$

5

 

$

(51

)

$

(23

)

$

144

 

$

(74

)

$

(98

)

 

#

$

(218

)

 

#

$

28

 

55

%

Allocated equity

 

$

569

 

$

573

 

$

484

 

$

305

 

$

304

 

$

569

 

$

304

 

$

(265

)

(47

)%

$

(265

)

(47

)%

$

(1

)

 

Pretax return on allocated equity

 

49.2

%

39.1

%

33.6

%

12.9

%

(7.6

)%

49.2

%

(7.6

)%

(56.8

)%

 

 

(56.8

)%

 

 

(20.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Client Assets (at period end) (2)

 

$

275,473

 

$

253,431

 

$

241,363

 

$

231,298

 

$

258,393

 

$

275,473

 

$

258,393

 

$

(17,080

)

(6

)%

$

(17,080

)

(6

)%

$

27,095

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Wrap Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

89,603

 

$

91,446

 

$

84,086

 

$

72,781

 

$

68,181

 

$

93,851

 

$

72,781

 

$

(21,422

)

(24

)%

$

(21,070

)

(22

)%

$

(4,600

)

(6

)%

Net flows

 

2,833

 

657

 

(1,121

)

1,302

 

2,758

 

4,213

 

4,060

 

(75

)

(3

)%

(153

)

(4

)%

1,456

 

 

#

Market appreciation (depreciation) and other

 

(990

)

(8,017

)

(10,184

)

(5,902

)

8,021

 

(6,618

)

2,119

 

9,011

 

 

#

8,737

 

 

#

13,923

 

 

#

Total wrap ending assets

 

$

91,446

 

$

84,086

 

$

72,781

 

$

68,181

 

$

78,960

 

$

91,446

 

$

78,960

 

$

(12,486

)

(14

)%

$

(12,486

)

(14

)%

$

10,779

 

16

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Daily average

 

1,371

 

1,255

 

910

 

811

 

894

 

1,360

 

852

 

(477

)

(35

)%

(508

)

(37

)%

83

 

10

%

Period end

 

1,280

 

1,166

 

903

 

798

 

919

 

1,280

 

919

 

(361

)

(28

)%

(361

)

(28

)%

121

 

15

%

 


(1)

Year-to-date is sum of current and prior quarters for the year under review.

(2)

During the 4th Qtr of 2008, $ 24.1 B of assets were acquired due to the acquisition of HR Block.

 

 

#

Variance of 100% or greater.

 

11



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Asset Management Segment

 

12



 

Ameriprise Financial, Inc.

Asset Management Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

295

 

$

268

 

$

218

 

$

209

 

$

230

 

$

591

 

$

439

 

$

(65

)

(22

)%

$

(152

)

(26

)%

$

21

 

10

%

Distribution fees

 

70

 

58

 

49

 

47

 

54

 

140

 

101

 

(16

)

(23

)%

(39

)

(28

)%

7

 

15

%

Net investment income

 

7

 

(9

)

(7

)

(1

)

8

 

3

 

7

 

1

 

14

%

4

 

 

#

9

 

 

#

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

(7

)

(10

)

7

 

(6

)

(5

)

(12

)

(11

)

2

 

29

%

1

 

8

%

1

 

17

%

Total revenues

 

365

 

307

 

267

 

249

 

287

 

722

 

536

 

(78

)

(21

)%

(186

)

(26

)%

38

 

15

%

Banking and deposit interest expense

 

1

 

2

 

2

 

1

 

2

 

3

 

3

 

1

 

 

#

 

 

1

 

 

#

Total net revenues

 

364

 

305

 

265

 

248

 

285

 

719

 

533

 

(79

)

(22

)%

(186

)

(26

)%

37

 

15

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

111

 

101

 

87

 

82

 

85

 

229

 

167

 

(26

)

(23

)%

(62

)

(27

)%

3

 

4

%

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

5

 

6

 

5

 

6

 

6

 

13

 

12

 

1

 

20

%

(1

)

(8

)%

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

211

 

197

 

201

 

182

 

214

 

427

 

396

 

3

 

1

%

(31

)

(7

)%

32

 

18

%

Total expenses

 

327

 

304

 

293

 

270

 

305

 

669

 

575

 

(22

)

(7

)%

(94

)

(14

)%

35

 

13

%

 

 

37

 

1

 

(28

)

(22

)

(20

)

50

 

(42

)

(57

)

 

#

(92

)

 

#

2

 

9

%

Less: Net loss attributable to noncontrolling interest

 

(5

)

(14

)

(30

)

(14

)

(8

)

(10

)

(22

)

(3

)

(60

)%

(12

)

 

#

6

 

43

%

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

42

 

$

15

 

$

2

 

$

(8

)

$

(12

)

$

60

 

$

(20

)

$

(54

)

 

#

$

(80

)

 

#

$

(4

)

(50

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1),(2)

 

11.5

%

4.9

%

0.8

%

(3.2

)%

(4.2

)%

8.3

%

(3.8

)%

(15.7

)%

 

 

(12.1

)%

 

 

(1.0

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

817

 

$

779

 

$

1,184

 

$

1,039

 

$

1,043

 

$

817

 

$

1,043

 

$

226

 

28

%

$

226

 

28

%

$

4

 

 

Pretax return on allocated equity (1),(2)

 

28.1

%

21.9

%

8.5

%

5.5

%

(0.3

)%

28.1

%

(0.3

)%

(28.4

)%

 

 

(28.4

)%

 

 

(5.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic managed assets

 

$

143,203

 

$

128,740

 

$

127,948

 

$

125,201

 

$

134,831

 

$

143,203

 

$

134,831

 

$

(8,372

)

(6

)%

$

(8,372

)

(6

)%

$

9,630

 

8

%

International managed assets

 

120,906

 

97,882

 

74,247

 

68,340

 

82,490

 

120,906

 

82,490

 

(38,416

)

(32

)%

(38,416

)

(32

)%

14,150

 

21

%

Less: Sub-advised eliminations

 

(4,925

)

(3,203

)

(2,629

)

(2,391

)

(3,176

)

(4,925

)

(3,176

)

1,749

 

36

%

1,749

 

36

%

(785

)

(33

)%

Total managed assets

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

214,145

 

$

259,184

 

$

214,145

 

$

(45,039

)

(17

)%

$

(45,039

)

(17

)%

$

22,995

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Managed assets - external clients

 

$

199,273

 

$

166,227

 

$

144,024

 

$

134,286

 

$

151,351

 

$

199,273

 

$

151,351

 

$

(47,922

)

(24

)%

$

(47,922

)

(24

)%

$

17,065

 

13

%

Managed assets - owned

 

59,911

 

57,192

 

55,542

 

56,864

 

62,794

 

59,911

 

62,794

 

2,883

 

5

%

2,883

 

5

%

5,930

 

10

%

Total managed assets

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

214,145

 

$

259,184

 

$

214,145

 

$

(45,039

)

(17

)%

$

(45,039

)

(17

)%

$

22,995

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets by Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

$

105,586

 

$

84,315

 

$

71,835

 

$

64,559

 

$

78,910

 

$

105,586

 

$

78,910

 

$

(26,676

)

(25

)%

$

(26,676

)

(25

)%

$

14,351

 

22

%

Fixed income

 

112,918

 

104,118

 

92,449

 

95,080

 

103,773

 

112,918

 

103,773

 

(9,145

)

(8

)%

(9,145

)

(8

)%

8,693

 

9

%

Money market

 

13,866

 

11,888

 

12,596

 

10,270

 

10,117

 

13,866

 

10,117

 

(3,749

)

(27

)%

(3,749

)

(27

)%

(153

)

(1

)%

Alternative

 

10,322

 

8,440

 

12,012

 

11,604

 

11,330

 

10,322

 

11,330

 

1,008

 

10

%

1,008

 

10

%

(274

)

(2

)%

Hybrid and other

 

16,492

 

14,658

 

10,674

 

9,637

 

10,015

 

16,492

 

10,015

 

(6,477

)

(39

)%

(6,477

)

(39

)%

378

 

4

%

Total managed assets by type

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

214,145

 

$

259,184

 

$

214,145

 

$

(45,039

)

(17

)%

$

(45,039

)

(17

)%

$

22,995

 

12

%

 


(1)  See non-GAAP Financial Information.

(2)  Calculation excludes net income (loss) attributable to noncontrolling interest.

 

# Variance of 100% or greater.

 

13



 

Ameriprise Financial, Inc.

Asset Management Segment

Second Quarter 2009

 

 

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

Mutual Fund Performance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

34

%

29

%

33

%

35

%

37

%

Fixed income - 12 month

 

24

%

48

%

70

%

77

%

74

%

Equity - 3 year

 

73

%

54

%

50

%

44

%

42

%

Fixed income - 3 year

 

71

%

50

%

75

%

71

%

79

%

Equity - 5 year

 

47

%

58

%

53

%

51

%

59

%

Fixed income - 5 year

 

46

%

54

%

66

%

72

%

64

%

 

 

 

 

 

 

 

 

 

 

 

 

Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

29

%

16

%

26

%

31

%

39

%

Fixed income - 12 month

 

20

%

33

%

39

%

62

%

42

%

Equity - 3 year

 

72

%

33

%

40

%

39

%

40

%

Fixed income - 3 year

 

61

%

51

%

40

%

40

%

47

%

Equity - 5 year

 

60

%

68

%

70

%

63

%

67

%

Fixed income - 5 year

 

46

%

48

%

37

%

63

%

39

%

 

 

 

 

 

 

 

 

 

 

 

 

International

 

 

 

 

 

 

 

 

 

 

 

Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

90

%

76

%

83

%

93

%

69

%

Fixed income - 12 month

 

60

%

64

%

45

%

64

%

73

%

Equity - 3 year

 

86

%

79

%

90

%

93

%

93

%

Fixed income - 3 year

 

60

%

80

%

64

%

73

%

73

%

Equity - 5 year

 

69

%

70

%

89

%

93

%

89

%

Fixed income - 5 year

 

40

%

40

%

50

%

70

%

70

%

 

Equal Weighted Rankings in Top 2 Quartiles: Counts the number of Class A funds with above median ranking divided by the total number of Class A funds.  Asset size is not a factor.

 

Asset Weighted Rankings in Top 2 Quartiles: Sums the assets of the Class A funds with above median ranking divided by the total Class A assets.  Funds with more assets will receive a greater share of the total percentage above or below median.

 

Aggregated data shows only actively-managed mutual funds by affiliated investment managers.

 

Aggregated data do not include mutual funds sub-advised by advisors not affiliated with Ameriprise Financial, Inc., RiverSource S&P 500 Index Fund, RiverSource Cash Management Fund and RiverSource Tax Free Money Market Fund.

 

Aggregated equity rankings include RiverSource Portfolio Builder Series and other balanced and asset allocation funds that invest in both equities and fixed income.

 

RiverSource Portfolio Builder Series funds are funds of mutual funds that may invest in third-party sub-advised funds.

 

Aggregated data only include mutual funds in existence as of current quarter end.  Refer to Exhibit A for RiverSource individual mutual fund performance rankings and other important disclosures.

 

Exhibit A includes RiverSource performance rankings for funds sub-advised by non-affiliated advisors for general reference although not included in the summary above.

 

14



 

Ameriprise Financial, Inc.

Asset Management Segment - Domestic

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Domestic Managed Assets Rollforward (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

80,232

 

$

78,281

 

$

70,214

 

$

63,970

 

$

59,832

 

$

86,864

 

$

63,970

 

$

(20,400

)

(25

)%

$

(22,894

)

(26

)%

$

(4,138

)

(6

)%

Net flows

 

(1,169

)

(1,415

)

(2,179

)

(1,258

)

(861

)

(1,805

)

(2,119

)

308

 

26

%

(314

)

(17

)%

397

 

32

%

Market appreciation (depreciation) and other

 

(782

)

(6,652

)

(4,065

)

(2,880

)

7,039

 

(6,778

)

4,159

 

7,821

 

 

#

10,937

 

 

#

9,919

 

 

#

Total ending assets

 

78,281

 

70,214

 

63,970

 

59,832

 

66,010

 

78,281

 

66,010

 

(12,271

)

(16

)%

(12,271

)

(16

)%

6,178

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

50,932

 

49,442

 

43,129

 

46,293

 

47,954

 

53,235

 

46,293

 

(2,978

)

(6

)%

(6,942

)

(13

)%

1,661

 

4

%

Net flows

 

(624

)

(4,004

)

1,320

 

2,002

 

1,133

 

(2,053

)

3,135

 

1,757

 

#

 

5,188

 

#

 

(869

)

(43

)%

Market appreciation (depreciation) and other

 

(866

)

2,309

 

1,844

 

(341

)

2,818

 

(1,740

)

2,477

 

3,684

 

#

 

4,217

 

#

 

3,159

 

#

 

Total ending assets

 

49,442

 

43,129

 

46,293

 

47,954

 

51,905

 

49,442

 

51,905

 

2,463

 

5

%

2,463

 

5

%

3,951

 

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

7,293

 

7,194

 

7,065

 

9,378

 

9,048

 

8,085

 

9,378

 

1,755

 

24

%

1,293

 

16

%

(330

)

(4

)%

Net flows

 

(101

)

(127

)

(523

)

(623

)

48

 

(584

)

(575

)

149

 

 

#

9

 

2

%

671

 

 

#

Market appreciation (depreciation) and other

 

2

 

(2

)

2,836

 

293

 

35

 

(307

)

328

 

33

 

 

#

635

 

 

#

(258

)

(88

)%

Total ending assets

 

7,194

 

7,065

 

9,378

 

9,048

 

9,131

 

7,194

 

9,131

 

1,937

 

27

%

1,937

 

27

%

83

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

8,911

 

8,530

 

8,547

 

8,482

 

8,519

 

8,804

 

8,482

 

(392

)

(4

)%

(322

)

(4

)%

37

 

 

Net flows

 

(436

)

59

 

120

 

54

 

(745

)

(232

)

(691

)

(309

)

(71

)%

(459

)

 

#

(799

)

 

#

Market appreciation (depreciation) and other

 

55

 

(42

)

(185

)

(17

)

171

 

(42

)

154

 

116

 

 

#

196

 

 

#

188

 

 

#

Total ending assets

 

8,530

 

8,547

 

8,482

 

8,519

 

7,945

 

8,530

 

7,945

 

(585

)

(7

)%

(585

)

(7

)%

(574

)

(7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other and Eliminations

 

(244

)

(215

)

(175

)

(152

)

(160

)

(244

)

(160

)

84

 

34

%

84

 

34

%

(8

)

(5

)%

Total Domestic managed assets

 

$

143,203

 

$

128,740

 

$

127,948

 

$

125,201

 

$

134,831

 

$

143,203

 

$

134,831

 

$

(8,372

)

(6

)%

$

(8,372

)

(6

)%

$

9,630

 

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Domestic net flows

 

$

(2,330

)

$

(5,487

)

$

(1,262

)

$

175

 

$

(425

)

$

(4,674

)

$

(250

)

$

1,905

 

82

%

$

4,424

 

95

%

$

(600

)

 

#

 


(1)  Included in Market appreciation (depreciation) and other, for the 4th Qtr of 2008, were $ 12.8 B of assets due to the acquisition of J. & W. Seligman & Co. Balances included $6.7 B of Retail Funds, $3.2 B of Institutional and $2.9 B of Alternative.

(2)  Included in Market appreciation (depreciation) and other are share repurchase, debt repurchase, equity issuance, debt issuance and acquisitions.

 

# Variance of 100% or greater.

 

15



 

Ameriprise Financial, Inc.

Asset Management Segment - International

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

International Managed Assets Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

28,154

 

$

27,868

 

$

21,758

 

$

16,361

 

$

15,651

 

$

30,822

 

$

16,361

 

$

(12,503

)

(44

)%

$

(14,461

)

(47

)%

$

(710

)

(4

)%

Net flows

 

72

 

(1,032

)

(714

)

642

 

1,224

 

(181

)

1,866

 

1,152

 

 

#

2,047

 

 

#

582

 

91

%

Market appreciation (depreciation)

 

(483

)

(2,345

)

(1,101

)

(1,054

)

545

 

(2,972

)

(509

)

1,028

 

 

#

2,463

 

83

%

1,599

 

 

#

Foreign currency translation (1)

 

104

 

(2,832

)

(3,605

)

(330

)

2,517

 

88

 

2,187

 

2,413

 

 

#

2,099

 

 

#

2,847

 

 

#

Other (2)

 

21

 

99

 

23

 

32

 

2,170

 

111

 

2,202

 

2,149

 

 

#

2,091

 

 

#

2,138

 

 

#

Total ending assets

 

27,868

 

21,758

 

16,361

 

15,651

 

22,107

 

27,868

 

22,107

 

(5,761

)

(21

)%

(5,761

)

(21

)%

6,456

 

41

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

92,433

 

89,937

 

74,856

 

55,342

 

50,179

 

100,057

 

55,342

 

(42,254

)

(46

)%

(44,715

)

(45

)%

(5,163

)

(9

)%

Net flows

 

(1,838

)

(1,580

)

(7,267

)

(1,277

)

(675

)

(4,398

)

(1,952

)

1,163

 

63

%

2,446

 

56

%

602

 

47

%

Market appreciation (depreciation)

 

(1,956

)

(4,825

)

(1,027

)

(3,148

)

636

 

(7,700

)

(2,512

)

2,592

 

 

#

5,188

 

67

%

3,784

 

 

#

Foreign currency translation (1)

 

331

 

(9,377

)

(12,639

)

(1,110

)

7,595

 

278

 

6,485

 

7,264

 

 

#

6,207

 

 

#

8,705

 

 

#

Other

 

967

 

701

 

1,419

 

372

 

612

 

1,700

 

984

 

(355

)

(37

)%

(716

)

(42

)%

240

 

65

%

Total ending assets

 

89,937

 

74,856

 

55,342

 

50,179

 

58,347

 

89,937

 

58,347

 

(31,590

)

(35

)%

(31,590

)

(35

)%

8,168

 

16

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

3,680

 

3,101

 

1,268

 

2,544

 

2,510

 

3,479

 

2,544

 

(1,170

)

(32

)%

(935

)

(27

)%

(34

)

(1

)%

Net flows

 

(713

)

(1,546

)

1,345

 

313

 

(79

)

(448

)

234

 

634

 

89

%

682

 

 

#

(392

)

 

#

Market appreciation (depreciation)

 

117

 

(3

)

138

 

(295

)

(700

)

46

 

(995

)

(817

)

 

#

(1,041

)

 

#

(405

)

 

#

Foreign currency translation (1)

 

11

 

(290

)

(207

)

(52

)

305

 

8

 

253

 

294

 

 

#

245

 

 

#

357

 

 

#

Other

 

6

 

6

 

 

 

 

16

 

 

(6

)

 

#

(16

)

 

#

 

 

Total ending assets

 

3,101

 

1,268

 

2,544

 

2,510

 

2,036

 

3,101

 

2,036

 

(1,065

)

(34

)%

(1,065

)

(34

)%

(474

)

(19

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total International managed assets

 

$

120,906

 

$

97,882

 

$

74,247

 

$

68,340

 

$

82,490

 

$

120,906

 

$

82,490

 

$

(38,416

)

(32

)%

$

(38,416

)

(32

)%

$

14,150

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total International net flows

 

$

(2,479

)

$

(4,158

)

$

(6,636

)

$

(322

)

$

470

 

$

(5,027

)

$

148

 

$

2,949

 

 

#

$

5,175

 

 

#

$

792

 

 

#

 


(1)  Amounts represent British Pound to US dollar conversion.

(2)  Included in Retail funds other, for the 2nd Qtr of 2009, were $2.1 B of assets due to the acquisition of Standard Chartered Bank’s World Express Funds investment business.

 

# Variance of 100% or greater.

 

16



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Annuities Segment

 

17



 

Ameriprise Financial, Inc.

Annuities Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr  Chg - 2Q

 

YTD  Chg - 2Q

 

Seq  Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 130

 

$

 124

 

$

 98

 

$

 90

 

$

 104

 

$

 256

 

$

 194

 

$

 (26

)

(20

)%

$

 (62

)

(24

)%

$

 14

 

16

%

Distribution fees

 

72

 

71

 

62

 

57

 

58

 

142

 

115

 

(14

)

(19

)%

(27

)

(19

)%

1

 

2

%

Net investment income

 

237

 

86

 

92

 

289

 

339

 

474

 

628

 

102

 

43

%

154

 

32

%

50

 

17

%

Premiums

 

21

 

21

 

25

 

24

 

23

 

39

 

47

 

2

 

10

%

8

 

21

%

(1

)

(4

)%

Other revenues

 

34

 

34

 

33

 

32

 

38

 

61

 

70

 

4

 

12

%

9

 

15

%

6

 

19

%

Total revenues

 

494

 

336

 

310

 

492

 

562

 

972

 

1,054

 

68

 

14

%

82

 

8

%

70

 

14

%

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

494

 

336

 

310

 

492

 

562

 

972

 

1,054

 

68

 

14

%

82

 

8

%

70

 

14

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

47

 

50

 

65

 

56

 

49

 

92

 

105

 

2

 

4

%

13

 

14

%

(7

)

(13

)%

Interest credited to fixed accounts

 

156

 

163

 

167

 

169

 

201

 

316

 

370

 

45

 

29

%

54

 

17

%

32

 

19

%

Benefits, claims, losses and settlement expenses

 

69

 

9

 

113

 

(129

)

351

 

147

 

222

 

282

 

 

#

75

 

51

%

480

 

 

#

Amortization of deferred acquisition costs

 

91

 

96

 

295

 

219

 

(182

)

185

 

37

 

(273

)

 

#

(148

)

(80

)%

(401

)

 

#

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

54

 

52

 

42

 

48

 

49

 

113

 

97

 

(5

)

(9

)%

(16

)

(14

)%

1

 

2

%

Total expenses

 

417

 

370

 

682

 

363

 

468

 

853

 

831

 

51

 

12

%

(22

)

(3

)%

105

 

29

%

Pretax segment income (loss)

 

$

 77

 

$

 (34

)

$

 (372

)

$

 129

 

$

 94

 

$

 119

 

$

 223

 

$

 17

 

22

%

$

 104

 

87

%

$

 (35

)

(27

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1)

 

15.6

%

(10.1

)%

(120.0

)%

26.2

%

16.7

%

12.2

%

21.2

%

1.1

%

 

 

9.0

%

 

 

(9.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

 245

 

$

 244

 

$

 243

 

$

 259

 

$

 314

 

$

 498

 

$

 573

 

$

 69

 

28

%

$

 75

 

15

%

$

 55

 

21

%

Realized gains (losses)

 

(5

)

(156

)

(169

)

20

 

8

 

(25

)

28

 

13

 

 

#

53

 

 

#

(12

)

(60

)%

Other (including seed money)

 

(3

)

(2

)

18

 

10

 

17

 

1

 

27

 

20

 

 

#

26

 

 

#

7

 

70

%

Total net investment income

 

$

 237

 

$

 86

 

$

 92

 

$

 289

 

$

 339

 

$

 474

 

$

 628

 

$

 102

 

43

%

$

 154

 

32

%

$

 50

 

17

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

 1,961

 

$

 2,228

 

$

 2,754

 

$

 2,774

 

$

 2,093

 

$

 1,961

 

$

 2,093

 

$

 132

 

7

%

$

 132

 

7

%

$

 (681

)

(25

)%

Pretax return on allocated equity (1)

 

16.3

%

10.2

%

(13.0

)%

(8.5

)%

(7.7

)%

16.3

%

(7.7

)%

(24.0

)%

 

 

(24.0

)%

 

 

0.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net variable annuity living benefits market impact (2), (3)

 

$

 19

 

$

 27

 

$

 82

 

$

 267

 

$

 (360

)

$

 4

 

$

 (93

)

$

 (379

)

 

#

$

 (97

)

 

#

$

 (627

)

 

#

Total annuity net flows

 

$

 428

 

$

 384

 

$

 951

 

$

 1,779

 

$

 1,129

 

$

 732

 

$

 2,908

 

$

 701

 

 

#

$

 2,176

 

 

#

$

 (650

)

(37

)%

 


(1)  See non-GAAP Financial Information.

(2)  Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only.

(3)  Q3 2008 includes loss on derivatives related to Lehman Brothers bankruptcy.

 

# Variance of 100% or greater.

 

18



 

Ameriprise Financial, Inc.

Annuities Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr  Chg - 2Q

 

YTD  Chg - 2Q

 

Seq  Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

 57

 

$

 82

 

$

 (257

)

$

 83

 

$

 21

 

$

 77

 

$

 104

 

$

 (36

)

(63

)%

$

 27

 

35

%

$

 (62

)

(75

)%

Allocated equity

 

$

 900

 

$

 1,139

 

$

 1,315

 

$

 1,099

 

$

 801

 

$

 900

 

$

 801

 

$

 (99

)

(11

)%

$

 (99

)

(11

)%

$

 (298

)

(27

)%

Pretax return on allocated equity

 

18.0

%

22.0

%

(9.4

)%

(3.3

)%

(6.8

)%

18.0

%

(6.8

)%

(24.8

)%

 

 

(24.8

)%

 

 

(3.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

 20

 

$

 (116

)

$

 (115

)

$

 46

 

$

 73

 

$

 42

 

$

 119

 

$

 53

 

 

#

$

 77

 

 

#

$

 27

 

59

%

Allocated equity

 

$

 1,061

 

$

 1,089

 

$

 1,439

 

$

 1,675

 

$

 1,292

 

$

 1,061

 

$

 1,292

 

$

 231

 

22

%

$

 231

 

22

%

$

 (383

)

(23

)%

Pretax return on allocated equity

 

15.0

%

0.2

%

(16.1

)%

(13.0

)%

(8.5

)%

15.0

%

(8.5

)%

(23.5

)%

 

 

(23.5

)%

 

 

4.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

 54,444

 

$

 54,742

 

$

 50,300

 

$

 43,280

 

$

 41,468

 

$

 57,182

 

$

 43,280

 

$

 (12,976

)

(24

)%

$

 (13,902

)

(24

)%

$

 (1,812

)

(4

)%

Deposits

 

2,077

 

1,729

 

1,567

 

1,322

 

1,411

 

4,206

 

2,733

 

(666

)

(32

)%

(1,473

)

(35

)%

89

 

7

%

Withdrawals and terminations

 

(1,266

)

(1,161

)

(1,058

)

(994

)

(844

)

(2,544

)

(1,838

)

422

 

33

%

706

 

28

%

150

 

15

%

Net flows

 

811

 

568

 

509

 

328

 

567

 

1,662

 

895

 

(244

)

(30

)%

(767

)

(46

)%

239

 

73

%

Investment performance and interest credited

 

(531

)

(5,006

)

(7,528

)

(2,137

)

5,060

 

(4,108

)

2,923

 

5,591

 

 

#

7,031

 

 

#

7,197

 

 

#

Other

 

18

 

(4

)

(1

)

(3

)

9

 

6

 

6

 

(9

)

(50

)%

 

0

%

12

 

 

#

Total ending balance - contract accumulation values

 

$

 54,742

 

$

 50,300

 

$

 43,280

 

$

 41,468

 

$

 47,104

 

$

 54,742

 

$

 47,104

 

$

 (7,638

)

(14

)%

$

 (7,638

)

(14

)%

$

 5,636

 

14

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable annuities fixed sub-accounts

 

$

 5,366

 

$

 5,496

 

$

 5,623

 

$

 5,919

 

$

 5,987

 

$

 5,366

 

$

 5,987

 

$

 621

 

12

%

$

 621

 

12

%

$

 68

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

 12,020

 

$

 11,759

 

$

 11,682

 

$

 12,228

 

$

 13,805

 

$

 12,463

 

$

 12,228

 

$

 1,785

 

15

%

$

 (235

)

(2

)%

$

 1,577

 

13

%

Deposits

 

208

 

378

 

999

 

2,097

 

974

 

287

 

3,071

 

766

 

 

#

2,784

 

 

#

(1,123

)

(54

)%

Withdrawals and terminations

 

(591

)

(562

)

(557

)

(646

)

(412

)

(1,217

)

(1,058

)

179

 

30

%

159

 

13

%

234

 

36

%

Net flows

 

(383

)

(184

)

442

 

1,451

 

562

 

(930

)

2,013

 

945

 

 

#

2,943

 

 

#

(889

)

(61

)%

Policyholder interest credited

 

102

 

103

 

107

 

126

 

145

 

194

 

271

 

43

 

42

%

77

 

40

%

19

 

15

%

Other

 

20

 

4

 

(3

)

 

(48

)

32

 

(48

)

(68

)

 

#

(80

)

 

#

(48

)

 

Total ending balance - contract accumulation values

 

$

 11,759

 

$

 11,682

 

$

 12,228

 

$

 13,805

 

$

 14,464

 

$

 11,759

 

$

 14,464

 

$

 2,705

 

23

%

$

 2,705

 

23

%

$

 659

 

5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized Interest

 

$

 2

 

$

 2

 

$

 5

 

$

 10

 

$

 10

 

$

 4

 

$

 20

 

$

 8

 

 

#

$

 16

 

 

#

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payout Annuities Reserve Balance

 

$

 2,139

 

$

 2,121

 

$

 2,105

 

$

 2,082

 

$

 2,115

 

$

 2,139

 

$

 2,115

 

$

 (24

)

(1

)%

$

 (24

)

(1

)%

$

 33

 

2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Equivalent Spread - Fixed Annuities (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross rate of return on invested assets

 

5.4

%

5.3

%

5.2

%

5.5

%

6.3

%

5.4

%

5.9

%

0.9

%

 

 

0.5

%

 

 

0.8

%

 

 

Crediting rate excluding capitalized interest

 

(3.7

)%

(3.7

)%

(3.8

)%

(3.8

)%

(4.0

)%

(3.7

)%

(3.9

)%

(0.3

)%

 

 

(0.2

)%

 

 

(0.2

)%

 

 

Tax equivalent margin spread

 

1.7

%

1.6

%

1.4

%

1.7

%

2.3

%

1.7

%

2.0

%

0.6

%

 

 

0.3

%

 

 

0.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Variable Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

 2,145

 

$

 2,186

 

$

 2,176

 

$

 2,063

 

$

 1,894

 

$

 2,086

 

$

 2,063

 

$

 (251

)

(12

)%

$

 (23

)

(1

)%

$

 (169

)

(8

)%

Capitalization

 

97

 

83

 

60

 

61

 

68

 

200

 

129

 

(29

)

(30

)%

(71

)

(36

)%

7

 

11

%

Amortization per income statement

 

(77

)

(77

)

(291

)

(207

)

200

 

(156

)

(7

)

277

 

 

#

149

 

96

%

407

 

 

#

Cumulative effect of accounting change (3)

 

 

 

 

 

 

36

 

 

 

 

(36

)

 

#

 

 

Other (FAS 115)

 

21

 

(16

)

118

 

(23

)

(102

)

20

 

(125

)

(123

)

 

#

(145

)

 

#

(79

)

 

#

Total ending balance

 

$

 2,186

 

$

 2,176

 

$

 2,063

 

$

 1,894

 

$

 2,060

 

$

 2,186

 

$

 2,060

 

$

 (126

)

(6

)%

$

 (126

)

(6

)%

$

 166

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

 238

 

$

 247

 

$

 217

 

$

 316

 

$

 366

 

$

 250

 

$

 316

 

$

 128

 

54

%

$

 66

 

26

%

$

 50

 

16

%

Capitalization

 

8

 

16

 

50

 

99

 

46

 

10

 

145

 

38

 

 

#

135

 

 

#

(53

)

(54

)%

Amortization per income statement

 

(14

)

(19

)

(4

)

(12

)

(18

)

(29

)

(30

)

(4

)

(29

)%

(1

)

(3

)%

(6

)

(50

)%

Cumulative effect of accounting change (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (FAS 115)

 

15

 

(27

)

53

 

(37

)

(5

)

16

 

(42

)

(20

)

 

#

(58

)

 

#

32

 

86

%

Total ending balance

 

$

 247

 

$

 217

 

$

 316

 

$

 366

 

$

 389

 

$

 247

 

$

 389

 

$

 142

 

57

%

$

 142

 

57

%

$

 23

 

6

%

 


(1)  Includes payout annuities.

(2)  Attributable to interest sensitive products only, which have been approximately 98% of the total ending fixed annuities accumulation values in the periods reported.  Through October of 2008, the asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.  After October of 2008, the asset earnings rate is a calculated yield based on specifically assigned assets.

(3)  Reflects adoption of FAS 157 in 1st Qtr 2008.

 

# Variance of 100% or greater.

 

19



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Protection Segment

 

20



 

Ameriprise Financial, Inc.

Protection Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

16

 

$

14

 

$

11

 

$

10

 

$

11

 

$

31

 

$

21

 

$

(5

)

(31

)%

$

(10

)

(32

)%

$

1

 

10

%

Distribution fees

 

25

 

26

 

28

 

24

 

24

 

52

 

48

 

(1

)

(4

)%

(4

)

(8

)%

 

 

Net investment income

 

85

 

42

 

42

 

100

 

97

 

168

 

197

 

12

 

14

%

29

 

17

%

(3

)

(3

)%

Premiums

 

244

 

251

 

254

 

247

 

254

 

489

 

501

 

10

 

4

%

12

 

2

%

7

 

3

%

Other revenues

 

110

 

209

 

115

 

115

 

111

 

223

 

226

 

1

 

1

%

3

 

1

%

(4

)

(3

)%

Total revenues

 

480

 

542

 

450

 

496

 

497

 

963

 

993

 

17

 

4

%

30

 

3

%

1

 

 

Banking and deposit interest expense

 

1

 

 

 

 

 

1

 

 

(1

)

 

#

(1

)

 

#

 

 

Total net revenues

 

479

 

542

 

450

 

496

 

497

 

962

 

993

 

18

 

4

%

31

 

3

%

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

6

 

4

 

3

 

5

 

6

 

11

 

11

 

 

 

 

 

1

 

20

%

Interest credited to fixed accounts

 

36

 

37

 

36

 

36

 

36

 

71

 

72

 

 

 

1

 

1

%

 

 

Benefits, claims, losses and settlement expenses

 

225

 

187

 

218

 

229

 

236

 

451

 

465

 

11

 

5

%

14

 

3

%

7

 

3

%

Amortization of deferred acquisition costs

 

48

 

138

 

95

 

61

 

51

 

100

 

112

 

3

 

6

%

12

 

12

%

(10

)

(16

)%

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

51

 

72

 

65

 

53

 

58

 

114

 

111

 

7

 

14

%

(3

)

(3

)%

5

 

9

%

Total expenses

 

366

 

438

 

417

 

384

 

387

 

747

 

771

 

21

 

6

%

24

 

3

%

3

 

1

%

Pretax segment income

 

$

113

 

$

104

 

$

33

 

$

112

 

$

110

 

$

215

 

$

222

 

$

(3

)

(3

)%

$

7

 

3

%

$

(2

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Operating Earnings (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income

 

$

113

 

$

104

 

$

33

 

$

112

 

$

110

 

$

215

 

$

222

 

$

(3

)

(3

)%

$

7

 

3

%

$

(2

)

(2

)%

Realized (gains) losses

 

1

 

44

 

44

 

(8

)

1

 

4

 

(7

)

 

 

(11

)

 

#

9

 

 

#

Total pretax operating earnings

 

$

114

 

$

148

 

$

77

 

$

104

 

$

111

 

$

219

 

$

215

 

$

(3

)

(3

)%

$

(4

)

(2

)%

$

7

 

7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income margin

 

23.6

%

19.2

%

7.3

%

22.6

%

22.1

%

22.3

%

22.4

%

(1.5

)%

 

 

0.1

%

 

 

(0.5

)%

 

 

Pretax operating earnings margin (1)

 

23.8

%

27.3

%

17.1

%

21.0

%

22.3

%

22.8

%

21.7

%

(1.5

)%

 

 

(1.1

)%

 

 

1.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

76

 

$

77

 

$

75

 

$

81

 

$

85

 

$

155

 

$

166

 

$

9

 

12

%

$

11

 

7

%

$

4

 

5

%

Realized gains (losses)

 

(1

)

(44

)

(44

)

8

 

(1

)

(4

)

7

 

 

 

11

 

 

#

(9

)

 

#

Other (including seed money)

 

10

 

9

 

11

 

11

 

13

 

17

 

24

 

3

 

30

%

7

 

41

%

2

 

18

%

Total net investment income

 

$

85

 

$

42

 

$

42

 

$

100

 

$

97

 

$

168

 

$

197

 

$

12

 

14

%

$

29

 

17

%

$

(3

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

2,366

 

$

2,470

 

$

2,339

 

$

2,388

 

$

2,450

 

$

2,366

 

$

2,450

 

$

84

 

4

%

$

84

 

4

%

$

62

 

3

%

Pretax return on allocated equity

 

20.1

%

20.0

%

14.9

%

15.2

%

14.9

%

20.1

%

14.9

%

(5.2

)%

 

 

(5.2

)%

 

 

(0.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

$

 

$

(17

)

$

(12

)

$

10

 

$

3

 

$

 

$

13

 

$

3

 

 

$

13

 

 

$

(7

)

(70

)%

Allocated equity

 

$

586

 

$

597

 

$

561

 

$

569

 

$

578

 

$

586

 

$

578

 

$

(8

)

(1

)%

$

(8

)

(1

)%

$

9

 

2

%

Pretax return on allocated equity

 

0.9

%

(2.6

)%

(5.0

)%

(3.3

)%

(2.8

)%

0.9

%

(2.8

)%

(3.7

)%

 

 

(3.7

)%

 

 

0.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Protection excluding Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

113

 

$

121

 

$

45

 

$

102

 

$

107

 

$

215

 

$

209

 

$

(6

)

(5

)%

$

(6

)

(3

)%

$

5

 

5

%

Allocated equity

 

$

1,780

 

$

1,873

 

$

1,778

 

$

1,819

 

$

1,872

 

$

1,780

 

$

1,872

 

$

92

 

5

%

$

92

 

5

%

$

53

 

3

%

Pretax return on allocated equity

 

26.3

%

27.3

%

21.3

%

21.1

%

20.6

%

26.3

%

20.6

%

(5.7

)%

 

 

(5.7

)%

 

 

(0.5

)%

 

 

 


(1) See non-GAAP Financial Information.

 

#  Variance of 100% or greater.

 

21



 

Ameriprise Financial, Inc.

Protection Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Cash Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL (1)

 

$

64

 

$

57

 

$

43

 

$

33

 

$

45

 

$

128

 

$

78

 

$

(19

)

(30

)%

$

(50

)

(39

)%

$

12

 

36

%

Term and whole life

 

5

 

4

 

5

 

3

 

4

 

9

 

7

 

(1

)

(20

)%

(2

)

(22

)%

1

 

33

%

Disability insurance

 

4

 

3

 

3

 

1

 

3

 

8

 

4

 

(1

)

(25

)%

(4

)

(50

)%

2

 

 

#

Auto and Home

 

155

 

166

 

154

 

165

 

165

 

311

 

330

 

10

 

6

%

19

 

6

%

 

 

Total cash sales

 

$

228

 

$

230

 

$

205

 

$

202

 

$

217

 

$

456

 

$

419

 

$

(11

)

(5

)%

$

(37

)

(8

)%

$

15

 

7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL Policyholder Account Balances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

9,336

 

$

9,303

 

$

8,591

 

$

7,570

 

$

7,350

 

$

9,836

 

$

7,570

 

$

(1,986

)

(21

)%

$

(2,266

)

(23

)%

$

(220

)

(3

)%

Premiums and deposits

 

256

 

254

 

230

 

228

 

231

 

522

 

459

 

(25

)

(10

)%

(63

)

(12

)%

3

 

1

%

Investment performance and interest

 

(33

)

(627

)

(965

)

(260

)

644

 

(526

)

384

 

677

 

 

#

910

 

 

#

904

 

 

#

Withdrawals and surrenders

 

(258

)

(308

)

(255

)

(254

)

(268

)

(525

)

(522

)

(10

)

(4

)%

3

 

1

%

(14

)

(6

)%

Other

 

2

 

(31

)

(31

)

66

 

 

(4

)

66

 

(2

)

 

#

70

 

 

#

(66

)

 

#

Total ending balance

 

$

9,303

 

$

8,591

 

$

7,570

 

$

7,350

 

$

7,957

 

$

9,303

 

$

7,957

 

$

(1,346

)

(14

)%

$

(1,346

)

(14

)%

$

607

 

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums by Product

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term and whole life

 

$

14

 

$

15

 

$

14

 

$

14

 

$

14

 

$

30

 

$

28

 

$

 

 

$

(2

)

(7

)%

$

 

 

Disability insurance

 

43

 

44

 

43

 

43

 

42

 

86

 

85

 

(1

)

(2

)%

(1

)

(1

)%

(1

)

(2

)%

Long term care

 

28

 

31

 

31

 

29

 

30

 

59

 

59

 

2

 

7

%

 

 

1

 

3

%

Auto and Home

 

151

 

154

 

157

 

156

 

160

 

299

 

316

 

9

 

6

%

17

 

6

%

4

 

3

%

Intercompany premiums

 

8

 

7

 

9

 

5

 

8

 

15

 

13

 

 

 

(2

)

(13

)%

3

 

60

%

Total premiums by product

 

$

244

 

$

251

 

$

254

 

$

247

 

$

254

 

$

489

 

$

501

 

$

10

 

4

%

$

12

 

2

%

$

7

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto and Home Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy count (thousands)

 

532

 

540

 

547

 

558

 

570

 

532

 

570

 

38

 

7

%

38

 

7

%

12

 

2

%

Loss ratio

 

75.8

%

75.7

%

80.4

%

79.6

%

79.6

%

77.9

%

79.6

%

3.8

%

 

 

1.7

%

 

 

 

 

 

Expense ratio

 

15.3

%

20.5

%

16.2

%

14.8

%

15.2

%

15.9

%

15.0

%

(0.1

)%

 

 

(0.9

)%

 

 

0.4

%

 

 

Combined ratio

 

91.1

%

96.2

%

96.6

%

94.4

%

94.8

%

93.8

%

94.6

%

3.7

%

 

 

0.8

%

 

 

0.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DAC Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life and Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,001

 

$

2,016

 

$

1,920

 

$

1,946

 

$

1,920

 

$

1,998

 

$

1,946

 

$

(81

)

(4

)%

$

(52

)

(3

)%

$

(26

)

(1

)%

Capitalization

 

43

 

40

 

41

 

29

 

30

 

88

 

59

 

(13

)

(30

)%

(29

)

(33

)%

1

 

3

%

Amortization per income statement

 

(36

)

(126

)

(83

)

(48

)

(38

)

(76

)

(86

)

(2

)

(6

)%

(10

)

(13

)%

10

 

21

%

Other (FAS 115)

 

8

 

(10

)

68

 

(7

)

(54

)

6

 

(61

)

(62

)

 

#

(67

)

 

#

(47

)

 

#

Total ending balance

 

$

2,016

 

$

1,920

 

$

1,946

 

$

1,920

 

$

1,858

 

$

2,016

 

$

1,858

 

$

(158

)

(8

)%

$

(158

)

(8

)%

$

(62

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life insurance in force

 

$

190,514

 

$

192,002

 

$

192,061

 

$

192,022

 

$

192,186

 

$

190,514

 

$

192,186

 

$

1,672

 

1

%

$

1,672

 

1

%

$

164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Amount at Risk

 

$

58,583

 

$

58,001

 

$

56,857

 

$

55,578

 

$

54,336

 

$

58,583

 

$

54,336

 

$

(4,247

)

(7

)%

$

(4,247

)

(7

)%

$

(1,242

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Policyholder Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL

 

$

8,286

 

$

7,604

 

$

6,637

 

$

6,360

 

$

6,911

 

$

8,286

 

$

6,911

 

$

(1,375

)

(17

)%

$

(1,375

)

(17

)%

$

551

 

9

%

Term and whole life

 

234

 

236

 

238

 

236

 

234

 

234

 

234

 

 

 

 

 

(2

)

(1

)%

Disability insurance

 

431

 

454

 

458

 

469

 

472

 

431

 

472

 

41

 

10

%

41

 

10

%

3

 

1

%

Long term care and other

 

2,375

 

2,374

 

2,375

 

2,351

 

2,374

 

2,375

 

2,374

 

(1

)

 

(1

)

 

23

 

1

%

Auto and Home loss and LAE reserves

 

319

 

308

 

308

 

303

 

304

 

319

 

304

 

(15

)

(5

)%

(15

)

(5

)%

1

 

 

Total net policyholder reserves

 

$

11,645

 

$

10,976

 

$

10,016

 

$

9,719

 

$

10,295

 

$

11,645

 

$

10,295

 

$

(1,350

)

(12

)%

$

(1,350

)

(12

)%

$

576

 

6

%

 


(1) Includes lump sum deposits.

 

#  Variance of 100% or greater.

 

22



 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Corporate & Other Segment

 

23



 

Ameriprise Financial, Inc.

Corporate & Other Segment

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 

$

 

 

$

 

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

12

 

(9

)

(36

)

(21

)

(15

)

20

 

(36

)

(27

)

 

#

(56

)

 

#

6

 

29

%

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

2

 

 

22

 

51

 

8

 

4

 

59

 

6

 

 

#

55

 

 

#

(43

)

(84

)%

Total revenues

 

14

 

(9

)

(14

)

30

 

(7

)

24

 

23

 

(21

)

 

#

(1

)

(4

)%

(37

)

 

#

Banking and deposit interest expense

 

 

 

1

 

1

 

(2

)

1

 

(1

)

(2

)

 

(2

)

 

#

(3

)

 

#

Total net revenues

 

14

 

(9

)

(15

)

29

 

(5

)

23

 

24

 

(19

)

 

#

1

 

4

%

(34

)

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

1

 

 

 

1

 

1

 

1

 

2

 

 

 

1

 

 

#

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

28

 

27

 

28

 

26

 

28

 

54

 

54

 

 

 

 

 

2

 

8

%

General and administrative expense

 

31

 

134

 

74

 

26

 

32

 

45

 

58

 

1

 

3

%

13

 

29

%

6

 

23

%

Total expenses

 

60

 

161

 

102

 

53

 

61

 

100

 

114

 

1

 

2

%

14

 

14

%

8

 

15

%

Pretax segment loss

 

$

(46

)

$

(170

)

$

(117

)

$

(24

)

$

(66

)

$

(77

)

$

(90

)

$

(20

)

(43

)%

$

(13

)

(17

)%

$

(42

)

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

18

 

$

10

 

$

5

 

$

 

$

 

$

37

 

$

 

$

(18

)

 

#

$

(37

)

 

#

$

 

 

Realized gains (losses)

 

 

1

 

(3

)

 

7

 

(1

)

7

 

7

 

 

8

 

 

#

7

 

 

Affordable housing

 

(8

)

(7

)

(17

)

(6

)

(7

)

(15

)

(13

)

1

 

13

%

2

 

13

%

(1

)

(17

)%

Other

 

2

 

(13

)

(21

)

(15

)

(15

)

(1

)

(30

)

(17

)

 

#

(29

)

 

#

 

 

Total net investment income

 

$

12

 

$

(9

)

$

(36

)

$

(21

)

$

(15

)

$

20

 

$

(36

)

$

(27

)

 

#

$

(56

)

 

#

$

6

 

29

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

1,730

 

$

1,224

 

$

115

 

$

484

 

$

2,087

 

$

1,730

 

$

2,087

 

$

357

 

21

%

$

357

 

21

%

$

1,603

 

 

#

 


#  Variance of 100% or greater.

 

24



 

Ameriprise Financial, Inc.

Eliminations (1)

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 2Q

 

YTD Chg - 2Q

 

Seq Qtr Chg - 2Q

 

(in millions unless otherwise noted, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

(13

)

$

(13

)

$

(12

)

$

(23

)

$

(34

)

$

(26

)

$

(57

)

$

(21

)

 

#

$

(31

)

 

#

$

(11

)

(48

)%

Distribution fees

 

(253

)

(236

)

(235

)

(248

)

(208

)

(504

)

(456

)

45

 

18

%

48

 

10

%

40

 

16

%

Net investment income

 

(2

)

(2

)

 

 

 

(4

)

 

2

 

 

#

4

 

 

#

 

 

Premiums

 

(8

)

(8

)

(8

)

(5

)

(8

)

(15

)

(13

)

 

 

2

 

13

%

(3

)

(60

)%

Other revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

(276

)

(259

)

(255

)

(276

)

(250

)

(549

)

(526

)

26

 

9

%

23

 

4

%

26

 

9

%

Banking and deposit interest expense

 

(2

)

(2

)

(2

)

(1

)

 

(5

)

(1

)

2

 

 

#

4

 

80

%

1

 

 

#

Total net revenues

 

(274

)

(257

)

(253

)

(275

)

(250

)

(544

)

(525

)

24

 

9

%

19

 

3

%

25

 

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

(223

)

(209

)

(199

)

(222

)

(187

)

(444

)

(409

)

36

 

16

%

35

 

8

%

35

 

16

%

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

(51

)

(48

)

(54

)

(53

)

(63

)

(100

)

(116

)

(12

)

(24

)%

(16

)

(16

)%

(10

)

(19

)%

Total expenses

 

(274

)

(257

)

(253

)

(275

)

(250

)

(544

)

(525

)

24

 

9

%

19

 

3

%

25

 

9

%

Pretax segment income (loss)

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 

$

 

 

$

 

 

 


(1)

The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.

 

 

#

Variance of 100% or greater.

 

25



 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

Balance Sheet and Ratings Information

 

26



 

Ameriprise Financial, Inc.

Consolidated Balance Sheets

 

(in millions, unaudited)

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

June 30, 2009

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

3,373

 

$

4,043

 

$

6,228

 

$

5,796

 

$

4,469

 

Investments

 

29,506

 

28,101

 

27,522

 

30,738

 

34,793

 

Separate account assets

 

58,725

 

52,762

 

44,746

 

42,014

 

48,661

 

Receivables

 

3,614

 

3,921

 

3,887

 

3,579

 

4,067

 

Deferred acquisition costs

 

4,513

 

4,374

 

4,383

 

4,237

 

4,361

 

Restricted and segregated cash

 

994

 

1,837

 

1,883

 

1,811

 

1,730

 

Other assets

 

3,444

 

4,013

 

6,928

 

6,406

 

5,133

 

Total assets

 

$

104,169

 

$

99,051

 

$

95,577

 

$

94,581

 

$

103,214

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Future policy benefits and claims

 

$

26,744

 

$

26,981

 

$

29,293

 

$

30,956

 

$

30,916

 

Separate account liabilities

 

58,725

 

52,762

 

44,746

 

42,014

 

48,661

 

Customer deposits

 

6,378

 

7,723

 

8,229

 

8,465

 

9,216

 

Debt

 

2,018

 

2,080

 

2,027

 

1,922

 

2,435

 

Accounts payable and accrued expenses

 

890

 

758

 

887

 

713

 

825

 

Other liabilities

 

1,714

 

1,638

 

3,928

 

3,874

 

2,787

 

Total liabilities

 

96,469

 

91,942

 

89,110

 

87,944

 

94,840

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial

 

 

 

 

 

 

 

 

 

 

 

Common shares ($.01 par)

 

3

 

3

 

3

 

3

 

3

 

Additional paid-in capital

 

4,649

 

4,704

 

4,688

 

4,719

 

5,641

 

Retained earnings

 

5,111

 

5,004

 

4,592

 

4,817

 

4,875

 

Treasury stock

 

(1,927

)

(2,021

)

(2,012

)

(2,021

)

(2,021

)

Accumulated other comprehensive loss, net of tax

 

(522

)

(973

)

(1,093

)

(1,134

)

(388

)

Total Ameriprise Financial shareholders’ equity

 

7,314

 

6,717

 

6,178

 

6,384

 

8,110

 

Noncontrolling interest

 

386

 

392

 

289

 

253

 

264

 

Total equity

 

7,700

 

7,109

 

6,467

 

6,637

 

8,374

 

Total liabilities and shareholders’ equity

 

$

104,169

 

$

99,051

 

$

95,577

 

$

94,581

 

$

103,214

 

 

27



 

Ameriprise Financial, Inc.

Capital and Ratings Information

 

(in millions unless otherwise noted, unaudited)

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

June 30, 2009

 

Debt Summary

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,990

 

Junior subordinated notes (2)

 

500

 

500

 

457

 

344

 

322

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-recourse debt

 

 

 

 

 

 

 

 

 

 

 

Debt for inverse floaters

 

18

 

12

 

6

 

6

 

6

 

Debt of property fund limited partnerships

 

 

68

 

64

 

72

 

117

 

Total non-recourse debt

 

18

 

80

 

70

 

78

 

123

 

Total debt

 

$

2,018

 

$

2,080

 

$

2,027

 

$

1,922

 

$

2,435

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

2,018

 

$

2,080

 

$

2,027

 

$

1,922

 

$

2,435

 

Total non-recourse debt

 

(18

)

(80

)

(70

)

(78

)

(123

)

Total debt excluding non-recourse debt (1)

 

2,000

 

2,000

 

1,957

 

1,844

 

2,312

 

Junior subordinated notes 75% equity credit (2)

 

(375

)

(375

)

(343

)

(258

)

(242

)

Total debt excluding non-recourse debt and 75% equity credit (1),(2)

 

$

1,625

 

$

1,625

 

$

1,614

 

$

1,586

 

$

2,071

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Ameriprise Financial shareholders’ equity

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

$

8,110

 

Total capital

 

9,332

 

8,797

 

8,205

 

8,306

 

10,545

 

Total capital excluding non-recourse debt (1)

 

$

9,314

 

$

8,717

 

$

8,135

 

$

8,228

 

$

10,422

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

21.6

%

23.6

%

24.7

%

23.1

%

23.1

%

Debt to total capital excluding non-recourse debt (1)

 

21.5

%

22.9

%

24.1

%

22.4

%

22.2

%

Debt to total capital excluding non-recourse debt and 75% equity credit (1)

 

17.4

%

18.6

%

19.8

%

19.3

%

19.9

%

 

Ratings (as of June 30, 2009)

 

A.M. Best
Company

 

Standard & Poor’s Rating
Services

 

Moody’s Investors
Service, Inc.

 

Fitch Ratings
Ltd.

 

 

 

Claims Paying Ratings (3)

 

 

 

 

 

 

 

 

 

 

 

RiverSource Life Insurance Company

 

A+

 

AA-

 

Aa3

 

AA-

 

 

 

IDS Property Casualty Ins. Company

 

A

 

N/R

 

N/R

 

N/R

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Ratings (3)

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial, Inc.

 

a-

 

A

 

A3

 

A-

 

 

 

 


(1)

See non-GAAP Financial Information.

(2)

The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

(3)

For the most current ratings information, please see the individual rating agency’s website.

 

28



 

Ameriprise Financial, Inc.

Investments

 

(in millions unless otherwise noted, unaudited)

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

June 30, 2009

 

Cash and cash equivalents

 

$

3,373

 

$

4,043

 

$

6,228

 

$

5,796

 

$

4,469

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments - Ending Balances

 

 

 

 

 

 

 

 

 

 

 

Available-for-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

13,319

 

12,593

 

12,599

 

12,969

 

15,016

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage backed securities

 

6,013

 

5,741

 

5,235

 

6,720

 

7,434

 

Commercial mortgage backed securities

 

2,841

 

2,711

 

2,733

 

3,438

 

4,056

 

Asset backed securities

 

1,073

 

1,053

 

958

 

1,305

 

1,909

 

Total mortgage and other asset backed securities

 

9,927

 

9,505

 

8,926

 

11,463

 

13,399

 

 

 

 

 

 

 

 

 

 

 

 

 

Other structured investments

 

38

 

35

 

50

 

38

 

49

 

State and municipal obligations

 

991

 

923

 

873

 

947

 

1,089

 

US government and agencies obligations

 

326

 

265

 

271

 

188

 

185

 

Foreign government bonds and obligations

 

110

 

107

 

107

 

105

 

106

 

Common and preferred stocks

 

54

 

49

 

37

 

23

 

39

 

Other AFS

 

26

 

18

 

10

 

29

 

28

 

Total other

 

1,545

 

1,397

 

1,348

 

1,330

 

1,496

 

Total available-for-sale securities

 

24,791

 

23,495

 

22,873

 

25,762

 

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage loans

 

3,058

 

2,939

 

2,906

 

2,871

 

2,786

 

Allowance for loan losses

 

(18

)

(18

)

(19

)

(19

)

(28

)

Commercial mortgage loans, net

 

3,040

 

2,921

 

2,887

 

2,852

 

2,758

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy loans

 

725

 

730

 

729

 

722

 

715

 

Trading securities

 

379

 

374

 

501

 

874

 

904

 

Other investments

 

571

 

581

 

532

 

528

 

505

 

Total investments

 

29,506

 

28,101

 

27,522

 

30,738

 

34,793

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cash, cash equivalents and investments

 

$

32,879

 

$

32,144

 

$

33,750

 

$

36,534

 

$

39,262

 

 

 

 

 

 

 

 

 

 

 

 

 

SFAS 115 Mark-to-market AFS

 

$

(915

)

$

(1,517

)

$

(1,835

)

$

(1,822

)

$

(577

)

 

 

 

 

 

 

 

 

 

 

 

 

AFS Fixed Maturity Asset Quality - %

 

 

 

 

 

 

 

 

 

 

 

AAA

 

42

%

41

%

40

%

42

%

42

%

AA

 

10

%

8

%

7

%

6

%

4

%

AFS securities AA and above

 

52

%

49

%

47

%

48

%

46

%

A

 

17

%

17

%

19

%

15

%

13

%

BBB

 

24

%

27

%

29

%

31

%

34

%

Below investment grade

 

7

%

7

%

5

%

6

%

7

%

Total AFS fixed maturity asset quality - %

 

100

%

100

%

100

%

100

%

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Below Investment Grade as a % of Total cash and investments

 

7

%

7

%

5

%

6

%

7

%

 

29



 

Ameriprise Financial, Inc.

 

Non-GAAP Financial Information

 

Ameriprise Financial, Inc. (the Company) follows accounting principles generally accepted in the United States (U.S. GAAP).  This report includes information on both a U.S. GAAP and non-GAAP basis.

 

This report contains certain non-GAAP measures, which our management views as important indicators of financial performance. These non-GAAP measures include:

 

· Pretax income (loss) margin and Pretax segment income (loss) margin;

· Net income (loss) attributable to Ameriprise Financial margin;

· Pretax return on allocated equity;

· Total debt excluding non-recourse debt;

· Total debt excluding non-recourse debt and 75% equity credit;

· Total capital excluding non-recourse debt;

· Debt to total capital excluding non-recourse debt;

· Debt to total capital excluding non-recourse debt and 75% equity credit;

· Pretax operating earnings; and

· Pretax operating earnings margin.

 

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis.  These non-GAAP measures are also used for goal setting, certain compensation related to the Company’s annual incentive award program and evaluating the Company’s performance on a basis comparable to that used by securities analysts.

 

The Company presents debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R),  EITF 04-5 and other accounting literature and with a 75% equity credit for the Company’s junior subordinated debt.  Management believes that the debt to capital ratios excluding this non-recourse debt better represent the Company’s capital structure.

 

Reclassification

Certain prior period information has been restated to conform to current period presentation.

 

30



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

 

Advice & Wealth Management - This segment provides financial advice and full service brokerage and banking services, primarily to retail clients, through our financial advisors. Our advisors distribute a diversified selection of both proprietary and non-proprietary products to help clients meet their financial needs. A significant portion of revenues in this segment are fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets from primarily certificate and banking products. This segment earns revenues (distribution fees) for distributing non-proprietary products and earns intersegment revenues (distribution fees) for distributing our proprietary products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

 

Asset Management - This segment provides investment advice and investment products to retail and institutional clients. Threadneedle Investments predominantly provides international investment products and services, and RiverSource Investments predominantly provides domestic products and services. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through third-party distribution. International retail products are primarily distributed through third parties. Products accessed by consumers on a retail basis include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales force. Institutional asset management products include traditional asset classes separate accounts, collateralized loan obligations, hedge funds and property funds. Revenues in this segment are primarily earned as fees based on managed asset balances which are impacted by both market movements and net asset flows. This segment earns intersegment revenue for investment management services. Intersegment expenses for this segment include distribution expenses for services provided by our  Advice & Wealth Management, Annuities and Protection segments.

 

Annuities - This segment provides RiverSource Life variable and fixed annuity products to our retail clients primarily distributed through our Advice & Wealth Management segment and to the retail clients of unaffiliated distributors through third-party distribution. Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. Revenues for our fixed annuity products are primarily earned as net investment income on underlying account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting annuity benefits reserves and capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

 

Protection - This segment offers a variety of protection products to address the identified protection and risk management needs of our retail clients including life, disability income and property-casualty insurance. Life and disability income products are primarily distributed through our Advice & Wealth Management segment. Our property-casualty products are sold direct, primarily through affinity relationships. The primary sources of revenues for this segment are premiums, fees, and charges that we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business. We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

 

Corporate & Other - This segment consists of net investment income on corporate level assets, including unallocated equity and other revenues from various investments as well as unallocated corporate expenses.

 

31



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology

 

Administered Assets - Administered assets include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in clients’ brokerage accounts. We do not exercise management discretion over these assets and do not earn a management fee. These assets are not reported on our Consolidated Balance Sheets.

 

Alternative Assets - Assets reported by the Company that include Hedge Funds and Collateralized Debt Obligations (“CDO”).

 

Allocated Equity - The internal allocation of consolidated Ameriprise Financial shareholders’ equity, excluding accumulated other comprehensive income (loss), to our operating segments for purposes of measuring segment return on allocated equity.  Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to us and certain of our subsidiaries. For the Corporate & Other segment, allocated equity also includes any excess capital.

 

Ameriprise Financial - Ameriprise Financial includes ownership interests in subsidiaries that are attributable, directly or indirectly, to Ameriprise Financial, Inc. and excludes noncontrolling interests.

 

Auto & Home Insurance - Personal auto and home protection products marketed directly to customers through marketing affiliates such as Costco Wholesale Corporation, Delta Loyalty Management Services, Inc. and Ford Motor Credit Company. We sell these products through our auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home Insurance).

 

Book Value per Share - Total Ameriprise Financial shareholders’ equity divided by the number of basic common shares outstanding at period-end.

 

Cash Sales - Cash sales are the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to our company. This includes primarily “client initiated” activity that results in an incremental increase in assets (owned, managed or administered), or premiums in force (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums in force, but generates “fee revenue”.

 

Debt to Total Capital Ratio - A ratio comprised of total debt divided by Total Capital. We also present debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R),  EITF 04-5 and other accounting literature and a 75% equity credit for our junior subordinated debt. 

 

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represent the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits.

 

Emerging Issues Task Force (“EITF”) Issue No. 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights” (“EITF 04-5”) - EITF 04-5 provides guidance on whether a partnership should be consolidated by one of its partners. Our adoption of EITF 04-5 effective January 1, 2006 resulted in the consolidation of certain limited partnerships for which we are the general partner. As a result, we consolidate certain property fund limited partnerships managed by Threadneedle Investments and certain hedge funds managed by RiverSource Investments.

 

Financial Planning Penetration - The period-end number of current clients who have received a financial plan, or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded financial advisors.

 

Life Insurance in force - The total amount of all life insurance death benefits currently insured by our company.

 

Managed External Client Assets - Managed external client assets include client assets for which we provide investment management services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and client assets held in wrap accounts (retail accounts for which we receive an advice fee based on assets held in the account).  Managed external client assets also include assets managed by sub-advisors selected by us. Managed external client assets are not reported on our Consolidated Balance Sheets.

 

Managed Owned Assets - Managed owned assets include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees, such as the assets of the general account and RiverSource Variable Product funds held in the separate accounts of our life insurance subsidiaries.

 

Net Amount at Risk - Life insurance in force less policyholder reserves net of re-insurance.

 

Net Flows - Sales less redemptions and miscellaneous flows which may include reinvested dividends.

 

Net Income (Loss) Margin - A ratio representing net income as a percentage of total net revenues.

 

Owned Assets - Owned assets include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-proprietary funds held in the separate accounts of our life insurance subsidiaries, as well as restricted and segregated cash and receivables.

 

Pretax Segment Income (Loss) or Pretax Income (Loss) - Income (loss) before net income (loss) attributable to noncontrolling interest and income tax provision (benefit).

 

Pretax Segment Income (Loss) Margin or Pretax Income (Loss) Margin - A ratio representing pretax income (loss) or pretax segment income (loss) as a percentage of total net revenues.

 

Pretax Operating Earnings - Pretax segment income (loss) plus or minus net realized gains (losses).

 

Pretax Operating Earnings Margin - A ratio representing pretax operating earnings as a percentage of total net revenues.

 

Pretax Return on Allocated Equity - Calculated using pretax income (loss) for the last twelve months and the average allocated equity as of the last day of the trailing four quarters and current quarter end. 

 

Securities America - Securities America Financial Corporation (“SAFC”) is a corporation whose sole function is to hold the stock of its operating subsidiaries, Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”). SAI is a registered broker-dealer and an insurance agency. SAA is an SEC registered investment advisor.

 

Separate Accounts - Represent assets and liabilities that are maintained and established primarily for the purpose of funding variable annuity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable entity contract holders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

 

SOP 05-1 (“Statement of Position”), “Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts” - SOP 05-1 provides guidance on accounting for DAC associated with any insurance or annuity contract that is significantly modified or internally replaced with another contract.

 

Third Party Distribution - Distribution of RiverSource products, which include a variety of equity and fixed income mutual funds, annuities and insurance products, to retail clients through unaffiliated financial institutions and broker-dealers.  The Third Party channel is separate from the Branded Advisor, Threadneedle, SAFC, and Institutional sales channels.

 

Threadneedle - Threadneedle Asset Management Holdings Sarl is a holding company for the London-based Threadneedle companies, which provide investment management products and services.

 

Total Capital - Total Ameriprise Financial shareholders’ equity plus total debt. Total capital is also presented excluding non-recourse debt.

 

Wrap Accounts - Wrap accounts enable our clients to purchase other securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. We offer clients the opportunity to select products that include proprietary and non-proprietary funds. We currently offer both discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or our investment management subsidiary, RiverSource Investments, LLC chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in our wrap accounts generally pay an asset-based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses and Rule 12b-1 fees.

 

32



 

Exhibit A

 

 

Statistical Supplement Package

(unaudited)

 

 

Second Quarter 2009

 

 

Domestic Mutual Fund Performance and

Lipper Ranking

 

33



 

Equity Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns at POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Emerging Market Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Emerging Markets Fund (2)

 

78.80

 

6/30/2009

 

2.53

 

-27.31

 

30

%

4.53

 

11

%

14.53

 

20

%

7.00

 

77

%

5/28/1996

 

5.23

 

5/31/1996

 

57

%

5.75

 

-31.49

 

2.49

 

13.18

 

6.37

 

4.75

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

96 / 325

 

 

 

25 / 233

 

 

 

36 / 184

 

 

 

82 / 106

 

 

 

 

 

 

 

32 / 56

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Emerging Markets Fund

 

337.90

 

6/30/2009

 

1.87

 

-34.39

 

67

%

0.81

 

51

%

12.59

 

52

%

7.44

 

71

%

11/13/1996

 

6.36

 

11/14/1996

 

44

%

5.75

 

-38.16

 

-1.16

 

11.26

 

6.80

 

5.86

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

218 / 325

 

 

 

118 / 233

 

 

 

95 / 184

 

 

 

75 / 106

 

 

 

 

 

 

 

28 / 64

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Equity Income Fund

 

3,953.30

 

6/30/2009

 

1.08

 

-30.94

 

87

%

-10.42

 

78

%

0.03

 

38

%

1.70

 

27

%

10/15/1990

 

8.83

 

10/18/1990

 

43

%

5.75

 

-34.91

 

-12.17

 

-1.15

 

1.10

 

8.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

256 / 295

 

 

 

183 / 235

 

 

 

70 / 187

 

 

 

28 / 104

 

 

 

 

 

 

 

11 / 25

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Dividend Opportunity Fund

 

1,060.80

 

6/30/2009

 

1.11

 

-23.98

 

50

%

-7.37

 

47

%

0.65

 

25

%

-1.32

 

77

%

8/1/1988

 

6.97

 

8/31/1988

 

81

%

5.75

 

-28.35

 

-9.18

 

-0.53

 

-1.90

 

6.67

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

147 / 295

 

 

 

109 / 235

 

 

 

47 / 187

 

 

 

80 / 104

 

 

 

 

 

 

 

17 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

European Region Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle European Equity Fund

 

62.70

 

6/30/2009

 

1.58

 

-27.74

 

13

%

-5.13

 

15

%

4.30

 

26

%

 

 

 

 

6/26/2000

 

-1.06

 

6/26/2000

 

69

%

5.75

 

-31.89

 

-6.98

 

3.07

 

 

 

-1.70

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

13 / 107

 

 

 

14 / 96

 

 

 

22 / 86

 

 

 

 

 

 

 

 

 

 

 

41 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Extended U.S. Large-Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource 120/20 Contrarian Equity Fund

 

36.00

 

6/30/2009

 

1.79

 

-24.07

 

22

%

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2007

 

-25.89

 

10/18/2007

 

42

%

5.75

 

-28.44

 

 

 

 

 

 

 

-28.43

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

9 / 40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10 / 23

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible Portfolio Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Allocation Fund

 

1,228.70

 

6/30/2009

 

1.04

 

-21.19

 

74

%

-5.48

 

74

%

0.58

 

62

%

0.57

 

76

%

1/23/1985

 

8.74

 

1/31/1985

 

60

%

5.75

 

-25.72

 

-7.33

 

-0.61

 

-0.02

 

8.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

128 / 173

 

 

 

85 / 114

 

 

 

51 / 82

 

 

 

38 / 49

 

 

 

 

 

 

 

3 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Growth Fund (2)

 

17.00

 

6/30/2009

 

2.24

 

-39.41

 

74

%

-11.62

 

80

%

-4.82

 

83

%

-4.46

 

92

%

11/1/1995

 

0.99

 

11/2/1995

 

95

%

5.75

 

-42.89

 

-13.35

 

-5.94

 

-5.03

 

0.55

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

64 / 86

 

 

 

51 / 63

 

 

 

39 / 46

 

 

 

31 / 33

 

 

 

 

 

 

 

17 / 17

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Fund

 

439.90

 

6/30/2009

 

1.46

 

-30.20

 

44

%

-7.90

 

61

%

2.34

 

13

%

-1.88

 

83

%

5/29/1990

 

3.59

 

5/31/1990

 

75

%

5.75

 

-34.22

 

-9.70

 

1.14

 

-2.46

 

3.27

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

38 / 86

 

 

 

39 / 63

 

 

 

6 / 46

 

 

 

28 / 33

 

 

 

 

 

 

 

3 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Income Fund

 

24.00

 

6/30/2009

 

4.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman LaSalle Global Real Estate Fund (2)

 

11.50

 

6/30/2009

 

2.38

 

-46.55

 

98

%

 

 

 

 

 

 

 

 

 

 

 

 

12/29/2006

 

-31.28

 

12/29/2006

 

95

%

5.75

 

-49.62

 

 

 

 

 

 

 

-32.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

80 / 81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 / 54

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Small-/Mid-Cap Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Smaller Companies Fund (2)

 

75.80

 

6/30/2009

 

1.93

 

-32.91

 

73

%

-11.72

 

77

%

-0.58

 

72

%

-0.63

 

80

%

8/31/1992

 

5.51

 

8/31/1992

 

72

%

5.75

 

-36.77

 

-13.45

 

-1.75

 

-1.21

 

5.14

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

52 / 71

 

 

 

46 / 59

 

 

 

41 / 56

 

 

 

23 / 28

 

 

 

 

 

 

 

5 / 6

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Science & Technology Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Technology Fund

 

115.60

 

6/30/2009

 

1.45

 

-21.99

 

59

%

-3.47

 

56

%

-0.11

 

48

%

-3.06

 

41

%

11/13/1996

 

2.36

 

11/14/1996

 

86

%

5.75

 

-26.48

 

-5.36

 

-1.28

 

-3.63

 

1.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

46 / 78

 

 

 

41 / 73

 

 

 

32 / 67

 

 

 

9 / 21

 

 

 

 

 

 

 

12 / 13

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Technology Fund

 

254.70

 

6/30/2009

 

1.77

 

-16.27

 

19

%

0.31

 

2

%

2.93

 

3

%

0.12

 

14

%

5/23/1994

 

8.82

 

5/26/1994

 

25

%

5.75

 

-21.09

 

-1.65

 

1.71

 

-0.47

 

8.40

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

15 / 78

 

 

 

1 / 73

 

 

 

2 / 67

 

 

 

3 / 21

 

 

 

 

 

 

 

1 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold-Oriented Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Precious Metals and Mining Fund

 

120.00

 

6/30/2009

 

1.53

 

-21.13

 

40

%

2.66

 

62

%

12.92

 

70

%

13.79

 

87

%

4/22/1985

 

7.44

 

4/30/1985

 

50

%

5.75

 

-25.67

 

0.66

 

11.59

 

13.12

 

7.18

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

27 / 67

 

 

 

33 / 53

 

 

 

34 / 48

 

 

 

26 / 29

 

 

 

 

 

 

 

5 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrials Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Recovery and Infrastructure Fund

 

175.80

 

6/30/2009

 

1.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/19/2009

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle International Opportunity Fund

 

359.10

 

6/30/2009

 

1.45

 

-31.25

 

43

%

-7.75

 

42

%

2.22

 

42

%

-1.92

 

92

%

11/15/1984

 

6.57

 

11/30/1984

 

88

%

5.75

 

-35.20

 

-9.56

 

1.01

 

-2.50

 

6.31

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

140 / 332

 

 

 

120 / 288

 

 

 

105 / 251

 

 

 

134 / 145

 

 

 

 

 

 

 

7 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined International Equity Fund

 

332.70

 

6/30/2009

 

1.43

 

-39.41

 

87

%

-10.93

 

77

%

 

 

 

 

 

 

 

 

5/18/2006

 

-11.01

 

5/18/2006

 

76

%

5.75

 

-42.90

 

-12.68

 

 

 

 

 

-12.69

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

132 / 152

 

 

 

82 / 106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

78 / 102

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Growth Fund (2)

 

359.10

 

6/30/2009

 

1.56

 

-36.63

 

76

%

-8.56

 

58

%

2.58

 

55

%

 

 

 

 

9/28/2001

 

5.00

 

9/28/2001

 

50

%

5.75

 

-40.27

 

-10.35

 

1.37

 

 

 

4.20

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

115 / 152

 

 

 

61 / 106

 

 

 

39 / 70

 

 

 

 

 

 

 

 

 

 

 

30 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman International Growth Fund (2)

 

29.80

 

6/30/2009

 

2.10

 

-45.00

 

97

%

-14.81

 

95

%

-5.07

 

92

%

-6.83

 

91

%

4/2/1992

 

0.26

 

4/2/1992

 

67

%

5.75

 

-48.16

 

-16.48

 

-6.19

 

-7.38

 

-0.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

148 / 152

 

 

 

101 / 106

 

 

 

65 / 70

 

 

 

28 / 30

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Value Fund (2)

 

846.20

 

6/30/2009

 

1.29

 

-37.03

 

81

%

-12.58

 

91

%

0.28

 

72

%

 

 

 

 

9/28/2001

 

4.87

 

9/28/2001

 

60

%

5.75

 

-40.65

 

-14.29

 

-0.90

 

 

 

4.07

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

98 / 120

 

 

 

75 / 82

 

 

 

48 / 66

 

 

 

 

 

 

 

 

 

 

 

30 / 49

 

 

 

 

 

 

 

 

 

 

 

 

 

International Small/Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Small Cap Fund (2)

 

47.40

 

6/30/2009

 

1.97

 

-38.52

 

81

%

-11.53

 

81

%

-1.48

 

94

%

 

 

 

 

10/3/2002

 

7.17

 

10/3/2002

 

93

%

5.75

 

-42.05

 

-13.25

 

-2.64

 

 

 

6.24

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

76 / 93

 

 

 

66 / 81

 

 

 

60 / 63

 

 

 

 

 

 

 

 

 

 

 

50 / 53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34



 

Equity Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns at POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Emerging Market Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Emerging Markets Fund (2)

 

78.80

 

6/30/2009

 

2.53

 

-27.31

 

30

%

4.53

 

11

%

14.53

 

20

%

7.00

 

77

%

5/28/1996

 

5.23

 

5/31/1996

 

57

%

5.75

 

-31.49

 

2.49

 

13.18

 

6.37

 

4.75

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

96 / 325

 

 

 

25 / 233

 

 

 

36 / 184

 

 

 

82 / 106

 

 

 

 

 

 

 

32 / 56

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Emerging Markets Fund

 

337.90

 

6/30/2009

 

1.87

 

-34.39

 

67

%

0.81

 

51

%

12.59

 

52

%

7.44

 

71

%

11/13/1996

 

6.36

 

11/14/1996

 

44

%

5.75

 

-38.16

 

-1.16

 

11.26

 

6.80

 

5.86

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

218 / 325

 

 

 

118 / 233

 

 

 

95 / 184

 

 

 

75 / 106

 

 

 

 

 

 

 

28 / 64

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Equity Income Fund

 

3,953.30

 

6/30/2009

 

1.08

 

-30.94

 

87

%

-10.42

 

78

%

0.03

 

38

%

1.70

 

27

%

10/15/1990

 

8.83

 

10/18/1990

 

43

%

5.75

 

-34.91

 

-12.17

 

-1.15

 

1.10

 

8.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

256 / 295

 

 

 

183 / 235

 

 

 

70 / 187

 

 

 

28 / 104

 

 

 

 

 

 

 

11 / 25

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Dividend Opportunity Fund

 

1,060.80

 

6/30/2009

 

1.11

 

-23.98

 

50

%

-7.37

 

47

%

0.65

 

25

%

-1.32

 

77

%

8/1/1988

 

6.97

 

8/31/1988

 

81

%

5.75

 

-28.35

 

-9.18

 

-0.53

 

-1.90

 

6.67

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

147 / 295

 

 

 

109 / 235

 

 

 

47 / 187

 

 

 

80 / 104

 

 

 

 

 

 

 

17 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

European Region Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle European Equity Fund

 

62.70

 

6/30/2009

 

1.58

 

-27.74

 

13

%

-5.13

 

15

%

4.30

 

26

%

 

 

 

 

6/26/2000

 

-1.06

 

6/26/2000

 

69

%

5.75

 

-31.89

 

-6.98

 

3.07

 

 

 

-1.70

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

13 / 107

 

 

 

14 / 96

 

 

 

22 / 86

 

 

 

 

 

 

 

 

 

 

 

41 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Extended U.S. Large-Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource 120/20 Contrarian Equity Fund

 

36.00

 

6/30/2009

 

1.79

 

-24.07

 

22

%

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2007

 

-25.89

 

10/18/2007

 

42

%

5.75

 

-28.44

 

 

 

 

 

 

 

-28.43

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

9 / 40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10 / 23

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible Portfolio Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Allocation Fund

 

1,228.70

 

6/30/2009

 

1.04

 

-21.19

 

74

%

-5.48

 

74

%

0.58

 

62

%

0.57

 

76

%

1/23/1985

 

8.74

 

1/31/1985

 

60

%

5.75

 

-25.72

 

-7.33

 

-0.61

 

-0.02

 

8.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

128 / 173

 

 

 

85 / 114

 

 

 

51 / 82

 

 

 

38 / 49

 

 

 

 

 

 

 

3 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Growth Fund (2)

 

17.00

 

6/30/2009

 

2.24

 

-39.41

 

74

%

-11.62

 

80

%

-4.82

 

83

%

-4.46

 

92

%

11/1/1995

 

0.99

 

11/2/1995

 

95

%

5.75

 

-42.89

 

-13.35

 

-5.94

 

-5.03

 

0.55

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

64 / 86

 

 

 

51 / 63

 

 

 

39 / 46

 

 

 

31 / 33

 

 

 

 

 

 

 

17 / 17

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Fund

 

439.90

 

6/30/2009

 

1.46

 

-30.20

 

44

%

-7.90

 

61

%

2.34

 

13

%

-1.88

 

83

%

5/29/1990

 

3.59

 

5/31/1990

 

75

%

5.75

 

-34.22

 

-9.70

 

1.14

 

-2.46

 

3.27

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

38 / 86

 

 

 

39 / 63

 

 

 

6 / 46

 

 

 

28 / 33

 

 

 

 

 

 

 

3 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Income Fund

 

24.00

 

6/30/2009

 

4.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman LaSalle Global Real Estate Fund (2)

 

11.50

 

6/30/2009

 

2.38

 

-46.55

 

98

%

 

 

 

 

 

 

 

 

 

 

 

 

12/29/2006

 

-31.28

 

12/29/2006

 

95

%

5.75

 

-49.62

 

 

 

 

 

 

 

-32.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

80 / 81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 / 54

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Small-/Mid-Cap Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Smaller Companies Fund (2)

 

75.80

 

6/30/2009

 

1.93

 

-32.91

 

73

%

-11.72

 

77

%

-0.58

 

72

%

-0.63

 

80

%

8/31/1992

 

5.51

 

8/31/1992

 

72

%

5.75

 

-36.77

 

-13.45

 

-1.75

 

-1.21

 

5.14

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

52 / 71

 

 

 

46 / 59

 

 

 

41 / 56

 

 

 

23 / 28

 

 

 

 

 

 

 

5 / 6

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Science & Technology Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Technology Fund

 

115.60

 

6/30/2009

 

1.45

 

-21.99

 

59

%

-3.47

 

56

%

-0.11

 

48

%

-3.06

 

41

%

11/13/1996

 

2.36

 

11/14/1996

 

86

%

5.75

 

-26.48

 

-5.36

 

-1.28

 

-3.63

 

1.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

46 / 78

 

 

 

41 / 73

 

 

 

32 / 67

 

 

 

9 / 21

 

 

 

 

 

 

 

12 / 13

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Technology Fund

 

254.70

 

6/30/2009

 

1.77

 

-16.27

 

19

%

0.31

 

2

%

2.93

 

3

%

0.12

 

14

%

5/23/1994

 

8.82

 

5/26/1994

 

25

%

5.75

 

-21.09

 

-1.65

 

1.71

 

-0.47

 

8.40

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

15 / 78

 

 

 

1 / 73

 

 

 

2 / 67

 

 

 

3 / 21

 

 

 

 

 

 

 

1 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold-Oriented Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Precious Metals and Mining Fund

 

120.00

 

6/30/2009

 

1.53

 

-21.13

 

40

%

2.66

 

62

%

12.92

 

70

%

13.79

 

87

%

4/22/1985

 

7.44

 

4/30/1985

 

50

%

5.75

 

-25.67

 

0.66

 

11.59

 

13.12

 

7.18

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

27 / 67

 

 

 

33 / 53

 

 

 

34 / 48

 

 

 

26 / 29

 

 

 

 

 

 

 

5 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrials Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Recovery and Infrastructure Fund

 

175.80

 

6/30/2009

 

1.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/19/2009

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle International Opportunity Fund

 

359.10

 

6/30/2009

 

1.45

 

-31.25

 

43

%

-7.75

 

42

%

2.22

 

42

%

-1.92

 

92

%

11/15/1984

 

6.57

 

11/30/1984

 

88

%

5.75

 

-35.20

 

-9.56

 

1.01

 

-2.50

 

6.31

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

140 / 332

 

 

 

120 / 288

 

 

 

105 / 251

 

 

 

134 / 145

 

 

 

 

 

 

 

7 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined International Equity Fund

 

332.70

 

6/30/2009

 

1.43

 

-39.41

 

87

%

-10.93

 

77

%

 

 

 

 

 

 

 

 

5/18/2006

 

-11.01

 

5/18/2006

 

76

%

5.75

 

-42.90

 

-12.68

 

 

 

 

 

-12.69

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

132 / 152

 

 

 

82 / 106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

78 / 102

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Growth Fund (2)

 

359.10

 

6/30/2009

 

1.56

 

-36.63

 

76

%

-8.56

 

58

%

2.58

 

55

%

 

 

 

 

9/28/2001

 

5.00

 

9/28/2001

 

50

%

5.75

 

-40.27

 

-10.35

 

1.37

 

 

 

4.20

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

115 / 152

 

 

 

61 / 106

 

 

 

39 / 70

 

 

 

 

 

 

 

 

 

 

 

30 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman International Growth Fund (2)

 

29.80

 

6/30/2009

 

2.10

 

-45.00

 

97

%

-14.81

 

95

%

-5.07

 

92

%

-6.83

 

91

%

4/2/1992

 

0.26

 

4/2/1992

 

67

%

5.75

 

-48.16

 

-16.48

 

-6.19

 

-7.38

 

-0.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

148 / 152

 

 

 

101 / 106

 

 

 

65 / 70

 

 

 

28 / 30

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Value Fund (2)

 

846.20

 

6/30/2009

 

1.29

 

-37.03

 

81

%

-12.58

 

91

%

0.28

 

72

%

 

 

 

 

9/28/2001

 

4.87

 

9/28/2001

 

60

%

5.75

 

-40.65

 

-14.29

 

-0.90

 

 

 

4.07

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

98 / 120

 

 

 

75 / 82

 

 

 

48 / 66

 

 

 

 

 

 

 

 

 

 

 

30 / 49

 

 

 

 

 

 

 

 

 

 

 

 

 

International Small/Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Small Cap Fund (2)

 

47.40

 

6/30/2009

 

1.97

 

-38.52

 

81

%

-11.53

 

81

%

-1.48

 

94

%

 

 

 

 

10/3/2002

 

7.17

 

10/3/2002

 

93

%

5.75

 

-42.05

 

-13.25

 

-2.64

 

 

 

6.24

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

76 / 93

 

 

 

66 / 81

 

 

 

60 / 63

 

 

 

 

 

 

 

 

 

 

 

50 / 53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35



 

Equity Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns at POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Equity Fund

 

2,178.80

 

6/30/2009

 

1.05

 

-32.59

 

97

%

-12.37

 

95

%

-5.57

 

95

%

 

 

 

 

3/28/2002

 

-3.61

 

3/28/2002

 

92

%

5.75

 

-36.47

 

-14.09

 

-6.68

 

 

 

-4.39

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

905 / 939

 

 

 

769 / 812

 

 

 

639 / 674

 

 

 

 

 

 

 

 

 

 

 

488 / 532

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Equity Fund

 

1,788.90

 

6/30/2009

 

0.96

 

-29.80

 

88

%

-10.38

 

85

%

-3.42

 

76

%

 

 

 

 

4/24/2003

 

1.16

 

4/24/2003

 

66

%

5.75

 

-33.84

 

-12.13

 

-4.55

 

 

 

0.20

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

822 / 939

 

 

 

690 / 812

 

 

 

507 / 674

 

 

 

 

 

 

 

 

 

 

 

395 / 599

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Growth Fund

 

1,202.60

 

6/30/2009

 

1.04

 

-26.46

 

49

%

-10.46

 

94

%

-3.82

 

81

%

-6.77

 

94

%

3/1/1972

 

9.76

 

3/31/1972

 

49

%

5.75

 

-30.69

 

-12.21

 

-4.95

 

-7.32

 

9.59

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

407 / 842

 

 

 

669 / 718

 

 

 

488 / 603

 

 

 

295 / 313

 

 

 

 

 

 

 

13 / 26

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Growth Fund

 

238.00

 

6/30/2009

 

1.28

 

-34.77

 

92

%

-6.41

 

53

%

-2.41

 

58

%

-4.86

 

81

%

12/31/1936

 

 

^

 

 

 

 

5.75

 

-38.52

 

-8.24

 

-3.56

 

-5.42

 

 

^

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

775 / 842

 

 

 

374 / 718

 

 

 

347 / 603

 

 

 

253 / 313

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Value Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Equity Value Fund

 

568.70

 

6/30/2009

 

1.11

 

-30.03

 

81

%

-9.33

 

40

%

-0.01

 

10

%

-0.54

 

48

%

3/20/1995

 

5.47

 

3/23/1995

 

64

%

5.75

 

-34.05

 

-11.11

 

-1.19

 

-1.13

 

5.03

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

459 / 566

 

 

 

192 / 487

 

 

 

38 / 412

 

 

 

92 / 192

 

 

 

 

 

 

 

68 / 106

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Value Fund

 

38.20

 

6/30/2009

 

1.31

 

-29.16

 

75

%

-12.03

 

84

%

-4.28

 

87

%

 

 

 

 

6/27/2002

 

-0.78

 

6/27/2002

 

86

%

5.75

 

-33.23

 

-13.75

 

-5.41

 

 

 

-1.61

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

425 / 566

 

 

 

409 / 487

 

 

 

359 / 412

 

 

 

 

 

 

 

 

 

 

 

273 / 320

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Large Cap Value Fund

 

137.30

 

6/30/2009

 

1.55

 

-24.64

 

24

%

-7.21

 

12

%

-0.12

 

10

%

0.14

 

32

%

4/25/1997

 

4.02

 

4/25/1997

 

40

%

5.75

 

-28.97

 

-9.02

 

-1.30

 

-0.45

 

3.52

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

135 / 566

 

 

 

55 / 487

 

 

 

41 / 412

 

 

 

60 / 192

 

 

 

 

 

 

 

18 / 45

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Short Equity Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Extended Alpha Fund

 

6.50

 

6/30/2009

 

5.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small and Mid-Cap Equity Fund

 

171.00

 

6/30/2009

 

1.32

 

-31.09

 

66

%

-15.04

 

97

%

 

 

 

 

 

 

 

 

5/18/2006

 

-14.69

 

5/18/2006

 

98

%

5.75

 

-35.05

 

-16.70

 

 

 

 

 

-16.29

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

251 / 382

 

 

 

296 / 305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

291 / 298

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Growth Fund

 

585.40

 

6/30/2009

 

1.16

 

-17.91

 

6

%

-5.20

 

22

%

-0.81

 

48

%

0.58

 

55

%

6/4/1957

 

 

^

 

 

 

 

5.75

 

-22.63

 

-7.05

 

-1.98

 

-0.01

 

 

^

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

28 / 525

 

 

 

97 / 460

 

 

 

179 / 379

 

 

 

98 / 180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Aggressive Growth Fund (2)

 

302.60

 

6/30/2009

 

1.65

 

-40.16

 

89

%

-9.68

 

68

%

-2.07

 

67

%

 

 

 

 

4/24/2003

 

4.40

 

4/24/2003

 

49

%

5.75

 

-43.60

 

-11.45

 

-3.23

 

 

 

3.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

468 / 525

 

 

 

311 / 460

 

 

 

251 / 379

 

 

 

 

 

 

 

 

 

 

 

165 / 342

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Capital Fund

 

198.80

 

6/30/2009

 

1.54

 

-38.11

 

83

%

-8.79

 

59

%

-3.24

 

78

%

0.34

 

57

%

12/24/1969

 

10.60

 

12/31/1969

 

10

%

5.75

 

-41.67

 

-10.57

 

-4.38

 

-0.25

 

10.43

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

435 / 525

 

 

 

271 / 460

 

 

 

293 / 379

 

 

 

102 / 180

 

 

 

 

 

 

 

1 / 10

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Value Fund

 

1,762.80

 

6/30/2009

 

1.28

 

-32.76

 

91

%

-10.65

 

70

%

0.71

 

15

%

 

 

 

 

2/14/2002

 

4.39

 

2/14/2002

 

20

%

5.75

 

-36.63

 

-12.40

 

-0.47

 

 

 

3.56

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

266 / 292

 

 

 

164 / 236

 

 

 

27 / 179

 

 

 

 

 

 

 

 

 

 

 

25 / 130

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Select Value Fund (2)

 

257.50

 

6/30/2009

 

1.53

 

-27.88

 

55

%

-8.30

 

27

%

-1.40

 

60

%

 

 

 

 

3/8/2002

 

1.80

 

3/8/2002

 

49

%

5.75

 

-32.03

 

-10.09

 

-2.56

 

 

 

0.98

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

161 / 292

 

 

 

63 / 236

 

 

 

108 / 179

 

 

 

 

 

 

 

 

 

 

 

66 / 135

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2010 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement PlusSM 2010 Fund

 

8.10

 

6/30/2009

 

1.53

 

-17.46

 

67

%

-4.13

 

79

%

 

 

 

 

 

 

 

 

5/18/2006

 

-3.92

 

5/18/2006

 

77

%

5.75

 

-22.21

 

-6.01

 

 

 

 

 

-5.73

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

124 / 185

 

 

 

89 / 112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

79 / 102

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2015 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2015 Fund

 

19.00

 

6/30/2009

 

1.33

 

-21.05

 

68

%

-5.69

 

74

%

 

 

 

 

 

 

 

 

5/18/2006

 

-5.38

 

5/18/2006

 

72

%

5.75

 

-25.59

 

-7.53

 

 

 

 

 

-7.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

82 / 120

 

 

 

39 / 52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35 / 48

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2015

 

24.30

 

6/30/2009

 

1.50

 

-24.90

 

89

%

-7.70

 

95

%

 

 

 

 

 

 

 

 

10/3/2005

 

-4.55

 

10/3/2005

 

94

%

5.75

 

-29.21

 

-9.51

 

 

 

 

 

-6.05

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

107 / 120

 

 

 

50 / 52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40 / 42

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2020 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2020 Fund

 

19.90

 

6/30/2009

 

1.37

 

-24.12

 

85

%

-6.98

 

84

%

 

 

 

 

 

 

 

 

5/18/2006

 

-6.69

 

5/18/2006

 

88

%

5.75

 

-28.48

 

-8.80

 

 

 

 

 

-8.45

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

142 / 167

 

 

 

78 / 92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

76 / 86

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2025 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2025 Fund

 

22.20

 

6/30/2009

 

1.41

 

-26.01

 

80

%

-8.06

 

72

%

 

 

 

 

 

 

 

 

5/18/2006

 

-7.76

 

5/18/2006

 

71

%

5.75

 

-30.26

 

-9.85

 

 

 

 

 

-9.50

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

80 / 99

 

 

 

27 / 37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24 / 33

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2025

 

29.40

 

6/30/2009

 

1.56

 

-27.05

 

84

%

-8.14

 

74

%

 

 

 

 

 

 

 

 

10/3/2005

 

-4.62

 

10/3/2005

 

60

%

5.75

 

-31.25

 

-9.93

 

 

 

 

 

-6.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

84 / 99

 

 

 

28 / 37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19 / 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2030 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2030 Fund

 

24.30

 

6/30/2009

 

1.36

 

-26.13

 

62

%

-8.02

 

78

%

 

 

 

 

 

 

 

 

5/18/2006

 

-7.64

 

5/18/2006

 

71

%

5.75

 

-30.38

 

-9.82

 

 

 

 

 

-9.38

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

99 / 160

 

 

 

70 / 89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

59 / 83

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2035 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2035 Fund

 

15.70

 

6/30/2009

 

1.55

 

-26.14

 

56

%

-8.06

 

56

%

 

 

 

 

 

 

 

 

5/18/2006

 

-7.86

 

5/18/2006

 

50

%

5.75

 

-30.38

 

-9.85

 

 

 

 

 

-9.59

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

53 / 94

 

 

 

19 / 33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15 / 29

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2035

 

8.50

 

6/30/2009

 

2.53

 

-26.44

 

63

%

 

 

 

 

 

 

 

 

 

 

 

 

10/2/2006

 

-8.80

 

10/2/2006

 

43

%

5.75

 

-30.67

 

 

 

 

 

 

 

-10.74

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

59 / 94

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18 / 41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

36



 

Equity Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns at POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Mixed-Asset Target 2040 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2040 Fund

 

11.00

 

6/30/2009

 

1.90

 

-25.98

 

45

%

-7.95

 

40

%

 

 

 

 

 

 

 

 

5/18/2006

 

-7.63

 

5/18/2006

 

37

%

5.75

 

-30.23

 

-9.75

 

 

 

 

 

-9.37

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

68 / 152

 

 

 

33 / 82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28 / 76

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2045 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2045 Fund

 

10.20

 

6/30/2009

 

2.08

 

-26.29

 

48

%

-8.15

 

36

%

 

 

 

 

 

 

 

 

5/18/2006

 

-7.82

 

5/18/2006

 

37

%

5.75

 

-30.53

 

-9.95

 

 

 

 

 

-9.56

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

42 / 88

 

 

 

10 / 27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8 / 21

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2045

 

4.40

 

6/30/2009

 

3.09

 

-26.54

 

52

%

 

 

 

 

 

 

 

 

 

 

 

 

10/2/2006

 

-8.78

 

10/2/2006

 

34

%

5.75

 

-30.77

 

 

 

 

 

 

 

-10.72

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

46 / 88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 / 35

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Conservative Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Conservative Fund

 

225.50

 

6/30/2009

 

1.06

 

-4.74

 

18

%

1.39

 

18

%

2.56

 

20

%

 

 

 

 

3/4/2004

 

2.31

 

3/4/2004

 

21

%

4.75

 

-9.26

 

-0.24

 

1.56

 

 

 

1.38

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

76 / 423

 

 

 

61 / 345

 

 

 

42 / 209

 

 

 

 

 

 

 

 

 

 

 

40 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Conservative Fund

 

368.40

 

6/30/2009

 

1.09

 

-9.27

 

57

%

-0.14

 

42

%

2.37

 

24

%

 

 

 

 

3/4/2004

 

2.09

 

3/4/2004

 

24

%

4.75

 

-13.58

 

-1.75

 

1.38

 

 

 

1.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

240 / 423

 

 

 

144 / 345

 

 

 

50 / 209

 

 

 

 

 

 

 

 

 

 

 

46 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Aggressive Fund

 

896.50

 

6/30/2009

 

1.21

 

-19.26

 

58

%

-4.20

 

42

%

0.86

 

29

%

 

 

 

 

3/4/2004

 

0.70

 

3/4/2004

 

27

%

5.75

 

-23.90

 

-6.08

 

-0.33

 

 

 

-0.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

382 / 666

 

 

 

226 / 539

 

 

 

127 / 441

 

 

 

 

 

 

 

 

 

 

 

115 / 430

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Income and Growth Fund

 

37.30

 

6/30/2009

 

1.53

 

-27.12

 

95

%

-10.41

 

99

%

-4.67

 

99

%

-2.83

 

98

%

3/31/1947

 

 

^

 

 

 

 

5.75

 

-31.31

 

-12.16

 

-5.80

 

-3.40

 

 

^

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

628 / 666

 

 

 

531 / 539

 

 

 

437 / 441

 

 

 

236 / 242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Moderate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Balanced Fund

 

547.70

 

6/30/2009

 

0.95

 

-18.13

 

77

%

-5.56

 

83

%

-0.75

 

82

%

-2.65

 

99

%

4/16/1940

 

 

^

 

 

 

 

5.75

 

-22.83

 

-7.41

 

-1.92

 

-3.23

 

 

^

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

402 / 527

 

 

 

323 / 389

 

 

 

242 / 296

 

 

 

147 / 148

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Fund

 

964.80

 

6/30/2009

 

1.13

 

-13.90

 

38

%

-1.93

 

28

%

1.89

 

23

%

 

 

 

 

3/4/2004

 

1.69

 

3/4/2004

 

18

%

5.75

 

-18.85

 

-3.85

 

0.69

 

 

 

0.56

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

200 / 527

 

 

 

108 / 389

 

 

 

68 / 296

 

 

 

 

 

 

 

 

 

 

 

49 / 275

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Balanced Fund

 

7.90

 

6/30/2009

 

2.56

 

-27.96

 

97

%

-8.17

 

94

%

-2.43

 

93

%

 

 

 

 

1/10/2000

 

-3.08

 

1/10/2000

 

99

%

5.75

 

-32.10

 

-9.96

 

-3.58

 

 

 

-3.68

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

512 / 527

 

 

 

363 / 389

 

 

 

276 / 296

 

 

 

 

 

 

 

 

 

 

 

150 / 151

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund Core

 

53.40

 

6/30/2009

 

1.34

 

-19.22

 

82

%

-5.49

 

83

%

 

 

 

 

 

 

 

 

10/3/2005

 

-3.45

 

10/3/2005

 

83

%

5.75

 

-23.86

 

-7.34

 

 

 

 

 

-4.96

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

429 / 527

 

 

 

320 / 389

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

296 / 357

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Large Cap Growth Fund

 

435.30

 

6/30/2009

 

1.13

 

-27.41

 

57

%

 

 

 

 

 

 

 

 

 

 

 

 

5/17/2007

 

-18.00

 

5/17/2007

 

42

%

5.75

 

-31.59

 

 

 

 

 

 

 

-20.26

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

433 / 763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

283 / 687

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Fundamental Value Fund (2)

 

520.10

 

6/30/2009

 

1.27

 

-28.09

 

60

%

-9.65

 

72

%

-2.41

 

69

%

 

 

 

 

6/18/2001

 

-0.61

 

6/18/2001

 

53

%

5.75

 

-32.22

 

-11.42

 

-3.56

 

 

 

-1.34

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

456 / 763

 

 

 

443 / 618

 

 

 

318 / 462

 

 

 

 

 

 

 

 

 

 

 

147 / 279

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Aggressive Fund

 

419.40

 

6/30/2009

 

1.28

 

-24.13

 

29

%

-6.57

 

24

%

-0.19

 

19

%

 

 

 

 

3/4/2004

 

-0.31

 

3/4/2004

 

19

%

5.75

 

-28.49

 

-8.39

 

-1.37

 

 

 

-1.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

214 / 763

 

 

 

144 / 618

 

 

 

87 / 462

 

 

 

 

 

 

 

 

 

 

 

81 / 431

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Total Equity Fund

 

347.10

 

6/30/2009

 

1.33

 

-29.17

 

69

%

-9.05

 

64

%

-1.32

 

40

%

 

 

 

 

3/4/2004

 

-1.41

 

3/4/2004

 

40

%

5.75

 

-33.25

 

-10.83

 

-2.48

 

 

 

-2.50

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

526 / 763

 

 

 

391 / 618

 

 

 

182 / 462

 

 

 

 

 

 

 

 

 

 

 

169 / 431

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Aggressive Growth Fund

 

12.10

 

6/30/2009

 

2.73

 

-30.26

 

78

%

-7.04

 

30

%

0.12

 

15

%

 

 

 

 

1/10/2000

 

-1.17

 

1/10/2000

 

56

%

5.75

 

-34.27

 

-8.85

 

-1.06

 

 

 

-1.79

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

590 / 763

 

 

 

183 / 618

 

 

 

66 / 462

 

 

 

 

 

 

 

 

 

 

 

109 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Growth Fund

 

18.80

 

6/30/2009

 

2.56

 

-31.48

 

85

%

-8.10

 

47

%

-0.74

 

29

%

 

 

 

 

1/10/2000

 

-1.65

 

1/10/2000

 

59

%

5.75

 

-35.42

 

-9.89

 

-1.91

 

 

 

-2.26

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

644 / 763

 

 

 

288 / 618

 

 

 

132 / 462

 

 

 

 

 

 

 

 

 

 

 

116 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Moderate Growth Fund

 

19.00

 

6/30/2009

 

2.43

 

-31.40

 

84

%

-8.19

 

49

%

-1.20

 

38

%

 

 

 

 

1/10/2000

 

-2.00

 

1/10/2000

 

62

%

5.75

 

-35.35

 

-9.99

 

-2.37

 

 

 

-2.61

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

638 / 763

 

 

 

299 / 618

 

 

 

172 / 462

 

 

 

 

 

 

 

 

 

 

 

122 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Common Stock Fund

 

89.50

 

6/30/2009

 

1.35

 

-36.05

 

93

%

-14.64

 

98

%

-7.32

 

98

%

-6.84

 

98

%

12/31/1929

 

 

^

 

 

 

 

5.75

 

-39.73

 

-16.31

 

-8.41

 

-7.39

 

 

^

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

709 / 763

 

 

 

603 / 618

 

 

 

451 / 462

 

 

 

173 / 176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi Cap Value Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Large Cap Value Fund

 

188.10

 

6/30/2009

 

4.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Real Estate Fund

 

135.00

 

6/30/2009

 

1.45

 

-43.23

 

50

%

-18.82

 

49

%

-2.72

 

37

%

 

 

 

 

3/4/2004

 

-2.36

 

3/4/2004

 

27

%

5.75

 

-46.49

 

-20.41

 

-3.87

 

 

 

-3.44

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

127 / 256

 

 

 

105 / 215

 

 

 

68 / 185

 

 

 

 

 

 

 

 

 

 

 

44 / 164

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman LaSalle Monthly Dividend Real Estate Fund (2)

 

20.20

 

6/30/2009

 

1.97

 

-52.13

 

91

%

-25.88

 

91

%

-10.27

 

91

%

 

 

 

 

7/16/2003

 

-5.77

 

7/16/2003

 

92

%

5.75

 

-54.88

 

-27.33

 

-11.33

 

 

 

-6.70

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

232 / 256

 

 

 

195 / 215

 

 

 

168 / 185

 

 

 

 

 

 

 

 

 

 

 

125 / 135

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500 Index Objective Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource S&P 500 Index Fund (3)

 

114.70

 

6/30/2009

 

0.74

 

-26.09

 

12

%

-8.53

 

45

%

-2.66

 

56

%

 

 

 

 

10/25/1999

 

-2.31

 

10/28/1999

 

75

%

N/A

 

-26.09

 

-8.53

 

-2.66

 

 

 

-2.31

 

Science & Technology Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Communications & Information Fund

 

2,838.60

 

6/30/2009

 

1.50

 

-12.38

 

10

%

2.64

 

7

%

4.83

 

9

%

1.67

 

15

%

6/23/1983

 

12.86

 

6/30/1983

 

20

%

5.75

 

-17.41

 

0.63

 

3.59

 

1.07

 

12.60

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

14 / 154

 

 

 

9 / 139

 

 

 

10 / 122

 

 

 

7 / 48

 

 

 

 

 

 

 

1 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37



 

Equity Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns at POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Small Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Equity Fund (2)

 

121.60

 

6/30/2009

 

1.70

 

-31.01

 

86

%

-11.50

 

66

%

-2.60

 

63

%

 

 

 

 

3/8/2002

 

0.02

 

3/8/2002

 

77

%

5.75

 

-34.98

 

-13.23

 

-3.74

 

 

 

-0.79

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

659 / 772

 

 

 

409 / 621

 

 

 

318 / 507

 

 

 

 

 

 

 

 

 

 

 

303 / 396

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Value Fund (2)

 

308.00

 

6/30/2009

 

1.57

 

-20.98

 

18

%

-10.25

 

52

%

-1.56

 

47

%

 

 

 

 

6/18/2001

 

3.44

 

6/18/2001

 

35

%

5.75

 

-25.52

 

-12.01

 

-2.72

 

 

 

2.68

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

132 / 772

 

 

 

319 / 621

 

 

 

238 / 507

 

 

 

 

 

 

 

 

 

 

 

119 / 339

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Cap Advantage Fund

 

150.50

 

6/30/2009

 

1.54

 

-21.89

 

24

%

-11.72

 

69

%

-3.09

 

71

%

1.52

 

90

%

5/4/1999

 

2.02

 

5/6/1999

 

90

%

5.75

 

-26.38

 

-13.44

 

-4.23

 

0.92

 

1.43

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

180 / 772

 

 

 

428 / 621

 

 

 

358 / 507

 

 

 

219 / 243

 

 

 

 

 

 

 

215 / 239

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Company Index Fund

 

357.50

 

6/30/2009

 

1.04

 

-25.29

 

50

%

-9.90

 

47

%

-1.47

 

46

%

3.93

 

55

%

8/19/1996

 

5.62

 

8/22/1996

 

66

%

5.75

 

-29.59

 

-11.66

 

-2.63

 

3.32

 

5.14

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

433 / 763

 

 

 

433 / 763

 

 

 

433 / 763

 

 

 

433 / 763

 

 

 

 

 

 

 

433 / 763

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Smaller Cap Value Fund

 

120.00

 

6/30/2009

 

1.81

 

-24.09

 

39

%

-8.33

 

30

%

-2.36

 

59

%

4.32

 

48

%

4/25/1997

 

5.59

 

4/25/1997

 

68

%

5.75

 

-28.45

 

-10.12

 

-3.51

 

3.71

 

5.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

299 / 772

 

 

 

185 / 621

 

 

 

296 / 507

 

 

 

116 / 243

 

 

 

 

 

 

 

27 / 39

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Growth Fund (2)

 

95.20

 

6/30/2009

 

2.01

 

-32.24

 

81

%

-11.39

 

76

%

-3.92

 

77

%

 

 

 

 

1/24/2001

 

-4.30

 

1/24/2001

 

75

%

5.75

 

-36.14

 

-13.12

 

-5.05

 

 

 

-4.97

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

465 / 578

 

 

 

378 / 498

 

 

 

314 / 412

 

 

 

 

 

 

 

 

 

 

 

220 / 294

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Frontier Fund

 

34.50

 

6/30/2009

 

2.06

 

-25.82

 

38

%

-8.17

 

39

%

-2.88

 

59

%

-1.53

 

80

%

12/10/1984

 

7.96

 

12/31/1984

 

70

%

5.75

 

-30.08

 

-9.96

 

-4.03

 

-2.11

 

7.70

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

219 / 578

 

 

 

190 / 498

 

 

 

243 / 412

 

 

 

170 / 214

 

 

 

 

 

 

 

7 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small Cap Value Fund

 

52.80

 

6/30/2009

 

1.59

 

-27.32

 

65

%

-14.28

 

78

%

 

 

 

 

 

 

 

 

2/16/2006

 

-12.95

 

2/16/2006

 

80

%

5.75

 

-31.50

 

-15.96

 

 

 

 

 

-14.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

215 / 334

 

 

 

225 / 290

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

218 / 273

 

 

 

 

 

 

 

 

 

 

 

 

 

 


^ Since fund inception returns and rankings are not available.  Actual fund inception date pre-dates data in Lipper database.

(1) Since inception returns for periods less than one year in length are cumulative.

(2) Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

(3) RiverSource S&P 500 Index Fund data is for D shares.

 

38



 

Fixed Income Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns @ POP (1)

 

 

 

Total Net
Assets

 

Total Net
Assets

 

Gross
Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Fund
Inception

 

Since
Inception

 

Ranking Since

 

Max. Front
Sales

 

 

 

 

 

 

 

 

 

Since

 

Class A Shares by Lipper Category

 

(Mil $)

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

General Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt High Income Fund

 

2,235.00

 

6/30/2009

 

0.99

 

0.61

 

51

%

1.86

 

53

%

2.58

 

57

%

3.59

 

54

%

5/7/1979

 

6.33

 

5/31/1979

 

48

%

4.75

 

-4.17

 

0.22

 

1.58

 

3.08

 

6.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

120 / 238

 

 

 

115 / 218

 

 

 

114 / 202

 

 

 

85 / 157

 

 

 

 

 

 

 

10 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt Bond Fund

 

654.00

 

6/30/2009

 

0.89

 

1.53

 

38

%

2.33

 

40

%

2.88

 

43

%

3.80

 

44

%

11/24/1976

 

5.64

 

11/30/1976

 

63

%

4.75

 

-3.29

 

0.68

 

1.88

 

3.30

 

5.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

89 / 238

 

 

 

86 / 218

 

 

 

86 / 202

 

 

 

69 / 157

 

 

 

 

 

 

 

5 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal National Fund

 

182.80

 

6/30/2009

 

0.96

 

3.58

 

15

%

3.25

 

17

%

3.56

 

18

%

3.97

 

35

%

12/30/1983

 

6.93

 

12/31/1983

 

41

%

4.75

 

-1.34

 

1.58

 

2.55

 

3.46

 

6.72

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

34 / 238

 

 

 

37 / 218

 

 

 

35 / 202

 

 

 

55 / 157

 

 

 

 

 

 

 

13 / 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Georgia Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Georgia Fund

 

23.60

 

6/30/2009

 

1.03

 

2.20

 

31

%

2.58

 

39

%

2.82

 

55

%

3.73

 

62

%

6/15/1987

 

5.67

 

6/30/1987

 

67

%

4.75

 

-2.66

 

0.93

 

1.83

 

3.23

 

5.44

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

7 / 22

 

 

 

8 / 20

 

 

 

11 / 19

 

 

 

11 / 17

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Intermediate Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Intermediate Tax-Exempt Fund

 

87.10

 

6/30/2009

 

0.96

 

3.39

 

53

%

3.02

 

67

%

2.82

 

66

%

3.66

 

78

%

11/13/1996

 

3.76

 

11/14/1996

 

81

%

3

 

0.29

 

1.98

 

2.19

 

3.34

 

3.51

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

84 / 159

 

 

 

98 / 146

 

 

 

85 / 129

 

 

 

60 / 76

 

 

 

 

 

 

 

55 / 67

 

 

 

 

 

 

 

 

 

 

 

 

 

Massachusetts Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Massachusetts Fund

 

59.10

 

6/30/2009

 

0.93

 

3.44

 

9

%

3.77

 

10

%

3.62

 

18

%

4.53

 

15

%

12/30/1983

 

6.68

 

12/31/1983

 

67

%

4.75

 

-1.48

 

2.10

 

2.62

 

4.02

 

6.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 45

 

 

 

4 / 40

 

 

 

7 / 38

 

 

 

5 / 34

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Maryland Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Maryland Fund

 

35.70

 

6/30/2009

 

0.98

 

5.15

 

12

%

4.19

 

10

%

4.03

 

4

%

4.30

 

27

%

10/1/1985

 

6.10

 

10/31/1985

 

34

%

4.75

 

0.16

 

2.52

 

3.02

 

3.80

 

5.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 34

 

 

 

3 / 30

 

 

 

1 / 28

 

 

 

6 / 22

 

 

 

 

 

 

 

1 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Michigan Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Michigan Fund

 

64.70

 

6/30/2009

 

0.93

 

2.47

 

15

%

2.84

 

16

%

3.04

 

58

%

4.12

 

30

%

7/18/1984

 

6.85

 

7/31/1984

 

50

%

4.75

 

-2.40

 

1.19

 

2.04

 

3.62

 

6.64

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 26

 

 

 

4 / 24

 

 

 

12 / 20

 

 

 

6 / 19

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Minnesota Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Minnesota Tax-Exempt Fund

 

311.10

 

6/30/2009

 

0.99

 

3.22

 

20

%

3.15

 

29

%

3.28

 

49

%

3.94

 

47

%

8/18/1986

 

5.53

 

8/31/1986

 

84

%

4.75

 

-1.69

 

1.49

 

2.28

 

3.44

 

5.30

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

8 / 39

 

 

 

10 / 34

 

 

 

16 / 32

 

 

 

15 / 31

 

 

 

 

 

 

 

5 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Minnesota Fund

 

70.10

 

6/30/2009

 

0.93

 

3.94

 

10

%

3.52

 

20

%

3.46

 

37

%

4.11

 

32

%

12/30/1983

 

6.28

 

12/31/1983

 

50

%

4.75

 

-1.00

 

1.86

 

2.46

 

3.60

 

6.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 39

 

 

 

7 / 34

 

 

 

12 / 32

 

 

 

10 / 31

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Missouri Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Missouri Fund

 

25.50

 

6/30/2009

 

0.98

 

2.91

 

6

%

3.12

 

7

%

3.30

 

14

%

4.21

 

15

%

7/1/1986

 

5.75

 

7/31/1986

 

50

%

4.75

 

-1.98

 

1.46

 

2.30

 

3.71

 

5.53

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 16

 

 

 

1 / 15

 

 

 

2 / 14

 

 

 

2 / 13

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

North Carolina Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal North Carolina Fund

 

14.70

 

6/30/2009

 

1.41

 

4.60

 

14

%

3.77

 

8

%

3.35

 

30

%

4.09

 

37

%

8/27/1990

 

5.38

 

8/31/1990

 

60

%

4.75

 

-0.37

 

2.10

 

2.35

 

3.59

 

5.11

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 29

 

 

 

2 / 25

 

 

 

7 / 23

 

 

 

8 / 21

 

 

 

 

 

 

 

3 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

New Jersey Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal New Jersey Fund

 

25.00

 

6/30/2009

 

1.26

 

2.59

 

17

%

2.90

 

32

%

3.17

 

60

%

3.95

 

46

%

2/16/1988

 

5.57

 

2/29/1988

 

80

%

4.75

 

-2.29

 

1.25

 

2.17

 

3.44

 

5.33

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

8 / 47

 

 

 

12 / 37

 

 

 

22 / 36

 

 

 

15 / 32

 

 

 

 

 

 

 

4 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

New York Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource New York Tax-Exempt Fund

 

54.50

 

6/30/2009

 

1.12

 

1.98

 

39

%

2.57

 

46

%

2.97

 

49

%

3.82

 

47

%

8/18/1986

 

5.26

 

8/31/1986

 

83

%

4.75

 

-2.86

 

0.92

 

1.97

 

3.32

 

5.03

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

38 / 97

 

 

 

41 / 90

 

 

 

44 / 90

 

 

 

34 / 72

 

 

 

 

 

 

 

14 / 16

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal New York Fund

 

80.20

 

6/30/2009

 

0.90

 

3.26

 

16

%

3.49

 

14

%

3.68

 

15

%

4.49

 

13

%

12/30/1983

 

6.94

 

12/31/1983

 

40

%

4.75

 

-1.64

 

1.82

 

2.67

 

3.98

 

6.73

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

15 / 97

 

 

 

12 / 90

 

 

 

13 / 90

 

 

 

9 / 72

 

 

 

 

 

 

 

2 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

Ohio Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Ohio Fund

 

83.40

 

6/30/2009

 

0.91

 

4.89

 

8

%

3.90

 

18

%

3.71

 

29

%

4.28

 

26

%

12/30/1983

 

6.72

 

12/31/1983

 

50

%

4.75

 

-0.09

 

2.23

 

2.70

 

3.78

 

6.52

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

3 / 40

 

 

 

7 / 38

 

 

 

10 / 34

 

 

 

8 / 30

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Other States Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Louisianna Fund

 

25.20

 

6/30/2009

 

0.99

 

2.57

 

33

%

2.67

 

45

%

3.06

 

44

%

4.04

 

32

%

10/1/1985

 

6.31

 

10/31/1985

 

34

%

4.75

 

-2.30

 

1.02

 

2.06

 

3.53

 

6.09

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

50 / 151

 

 

 

63 / 141

 

 

 

58 / 133

 

 

 

38 / 118

 

 

 

 

 

 

 

2 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Oregon Fund

 

40.10

 

6/30/2009

 

0.95

 

3.26

 

23

%

3.46

 

18

%

3.64

 

17

%

4.36

 

16

%

10/15/1986

 

5.65

 

10/31/1986

 

50

%

4.75

 

-1.65

 

1.80

 

2.64

 

3.85

 

5.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

34 / 151

 

 

 

25 / 141

 

 

 

22 / 133

 

 

 

18 / 118

 

 

 

 

 

 

 

4 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal South Carolina Fund

 

59.00

 

6/30/2009

 

0.91

 

2.51

 

35

%

3.23

 

23

%

3.63

 

18

%

4.39

 

14

%

6/30/1987

 

5.95

 

6/30/1987

 

37

%

4.75

 

-2.36

 

1.56

 

2.63

 

3.89

 

5.71

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

52 / 151

 

 

 

32 / 141

 

 

 

23 / 133

 

 

 

16 / 118

 

 

 

 

 

 

 

4 / 10

 

 

 

 

 

 

 

 

 

 

 

 

 

Pennsylvania Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Pennsylvania Fund

 

13.30

 

6/30/2009

 

1.50

 

3.45

 

4

%

3.21

 

14

%

2.98

 

43

%

3.85

 

43

%

7/15/1986

 

5.87

 

7/31/1986

 

50

%

4.75

 

-1.46

 

1.55

 

1.98

 

3.35

 

5.65

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

2 / 59

 

 

 

7 / 49

 

 

 

21 / 48

 

 

 

20 / 46

 

 

 

 

 

 

 

2 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)  Since inception returns for periods less than one year in length are cumulative.

 

39



 

Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

Important Disclosures

 

Rankings based on annualized total returns, excluding sales charges.  Net asset value (NAV) returns for all periods would have been lower if the applicable sales charges were included.

 

Please note the following about the “Ranking since” Lipper Rankings: In order to obtain a more accurate “since inception” Lipper Ranking for funds with an inception prior to 2000, the Thursday or month-end date following the actual inception date was used, rather than the actual inception date.  When researching since inception rankings, please use the “Ranking Since” date.

 

Please note the following about the “Annualized Returns @ POP”:  The POP return is calculated assuming a one-time purchase of the Fund at the maximum sales charge listed in the exhibit.  RiverSource S&P 500 Index Fund has no sales loads, however, a redemption fee of 0.50% is charged on shares redeemed within 180 days of purchase.

 

Net assets per fund include all share classes.  Assets for RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are invested in other RiverSource Funds and therefore would be double counted if assets are summed to reach a total.

 

Fee waivers were in place for each subadvised fund shown and the return would have been lower for each Fund had fee waivers not been in place.

 

You should consider the investment objectives, risks, and charges and expenses of mutual funds carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (800) 297-3863, TTY: (800) 846-4852.  Read the prospectus carefully before investing.

 

The RiverSource Global Technology Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

 

Investments in small- and mid-capitalization companies involve greater risk and potential volatility than investments in larger, more established companies.

 

The RiverSource Precious Metals and Mining Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

 

Investments in Real Estate Securities may be subject to specific risks, such as risks to general and local economic conditions, and risks to individual properties.

 

International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

 

There are risks associated with an investment in a bond fund, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities. Non-investment grade securities have more volatile prices and carry more risk to principal and income than investment grade securities.

 

High Yield funds invest in lower-rated bonds which have more volatile prices and carry more risk to principal and income than investment grade securities.

 

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk. Treasury Inflation Protected Securities (TIPS) are backed by the full faith and credit of the U.S. government. The U.S. government guarantee applies only to the underlying TIPS securities, and not the Fund itself.

 

Income from tax-exempt funds may be subject to state and local taxes, and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax  rules will apply to any capital gains distribution.

 

Shares of the RiverSource Short Duration U.S. Government Fund , the RiverSource U.S. Government Mortgage Fund, the Seligman U.S. Government Securities Fund, and of the Seligman Municipal Funds are not insured or guaranteed by the U.S. government.

 

The Floating Rate Fund invests primarily in floating rate loans, the market value of which may fluctuate, sometimes rapidly and unpredictably. The principal risks of investing in the fund include liquidity risk, interest rate risk, credit risk, counterparty risk, highly leveraged transactions risk, derivatives risk, confidential information access risk, and impairment of collateral risk. Generally, when interest rates rise, the prices of fixed income securities fall, however, securities or loans with floating interest rates can be less sensitive to interest rate changes, but they may decline in value if their interest rates do not rise as  much as interest rates in general.  Limited liquidity may affect the ability of the fund to purchase or sell floating rate loans and may have a negative impact on fund performance.  The floating rate loans and  securities in which the fund invests generally are lower-rated (non-investment grade) and are more likely to experience a default, which results in more volatile prices and more risk to principal and income than investment grade loans or securities. See the Fund’s prospectus for information on these and other risks associated with the Fund.

 

The RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are “funds of funds” comprised of holdings in several different RiverSource funds, which may include small cap, mid cap, large cap, money market, international, bond and/or other sector funds. Specific risk considerations are discussed in each fund’s prospectus. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of each portfolio’s shares and investments.  See each fund’s prospectus for specific risks that may be associated with the underlying funds.

 

Information regarding a Fund’s portfolio holdings should not be construed as a recommendation to buy or sell any security or as an indication that any security is suitable for a particular investor. Monthly portfolio holdings information does not represent an entire portfolio and, in the aggregate, may only represent a small portion of a Fund’s total holdings. It should not be assumed that any of the securities, transactions or  holdings listed in the links below were or will be profitable.

 

Fund returns for Seligman Capital Fund prior to September 26, 2002 do not reflect the increased management fee effective on such date. This fee, if reflected, would reduce the performance data quoted for the Fund for such periods. Seligman is waiving all or part of its investment management fee and/or reimbursing Fund expenses for Seligman California High-Yield Municipal Fund, Seligman Florida Municipal Fund,  Seligman Frontier Fund, Seligman Core Fixed Income Fund, Seligman LaSalle Global Real Estate Fund, Seligman LaSalle Monthly Dividend Real Estate Fund, Seligman Emerging Markets Fund, Seligman Global Growth Fund, Seligman International Growth Fund, Seligman TargETFund Core, Seligman TargETFund 2015, Seligman TargETFund 2025, Seligman TargETFund 2035, Seligman TargETFund 2045,  Seligman Asset Allocation Aggressive Growth Fund, Seligman Asset Allocation Growth Fund, Seligman Asset Allocation Moderate Growth Fund, Seligman Asset Allocation Balanced Fund. In addition, from time  to time, Seligman has reimbursed expenses or waived investment management fees of other Seligman Mutual Funds. Seligman may implement or discontinue voluntary expense reimbursements or fee waivers at any time. Absent such reimbursement/waivers, returns would have been lower.

 

Dividends paid by Seligman LaSalle Monthly Dividend Real Estate Fund generally will be taxable as ordinary income. It is expected that income dividends paid by the Fund generally will not be eligible for the reduction in dividend tax rates set forth in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

 

The four funds within the Seligman Asset Allocation Series and Seligman TargetHorizon ETF PortfoliosSM invest in the Seligman Mutual Funds (Underlying Seligman Funds) and exchange traded funds (ETFs), respectively, to implement their unique asset allocation strategies. Investments in the underlying Seligman Funds or ETFs involve risk, including the risk of loss of principal. An investor in a Fund within the Seligman Asset Allocation Series or Seligman TargetHorizon ETF PortfoliosSM will indirectly bear the operating expenses of the Underlying Seligman Funds or ETFs, as applicable, in which the Fund invests.  Thus, the expenses borne by the investor will be higher than if he or she invested directly in the Underlying Seligman Funds or ETFs, and the returns may therefore be lower.

 

“Standard & Poor’s®,” “S&P,” “S&P 500®,” and “Standard & Poor’s 500®” are trademarks of the McGraw Hill Companies, Inc. These trademarks and service marks have been licensed for use by RiverSource Investments. The Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s or any of their subsidiaries or affiliates (the “Licensors”) and the Licensors make no representation regarding the advisability of investing in the Funds.

 

40



 

Fund Performance & Lipper Ranking

As of June 30, 2009

Source of Data:  Lipper

 

Important Disclosures - continued

 

Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by any financial institution; and involve investment risks including possible loss of principal and fluctuation in value.

 

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Ameriprise Bank, FSB, member FDIC, provides certain deposit and lending products and services for Ameriprise Financial Services, Inc. Ameriprise Bank, FSB deposit products are FDIC-insured up to $100,000 per customer.

 

RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, NY. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance products in the state of NY.

 

RiverSource®, Seligman®, and Threadneedle mutual funds are part of the RiverSource family of funds, and are distributed by RiverSource Fund Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. Threadneedle mutual funds are subadvised by Threadneedle International Limited. RiverSource and Threadneedle are part of Ameriprise Financial, Inc. Seligman is an offering brand of  RiverSource Investments.

 

RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.  RiverSource Investments LLC also serves as the Investment Manager for the RiverSource mutual funds.

 

Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by Ameriprise Financial Services, Inc. Member FINRA.

 

Ameriprise Auto & Home Insurance issues auto, home and umbrella insurance underwritten by Ameriprise Insurance Company or IDS Property Casualty Insurance Company (IDS Property Casualty), DePere, WI.

 

Mortgages and home equity loans are provided by Ameriprise Bank, FSB, an FDIC-insured federal savings bank. Ameriprise Bank, FSB, an Equal Housing Lender, is an Ameriprise Financial Services, Inc. company.

 

These companies, including Securities America, Inc., Member FINRA, are all affiliated with Ameriprise Financial, Inc.

 

[Not all products and all share classes are available through all firms.]

 

41



 

Exhibit B

 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Reconciliation Tables

 

 

42



 

Ameriprise Financial, Inc.

Return on Equity Calculation (1)

Second Quarter 2009

 

 

 

Return on Equity Calculation for the Twelve Months Ended

 

(in millions, unaudited)

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

June 30, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

854

 

$

586

 

$

(38

)

$

(99

)

$

(214

)

Ameriprise Financial shareholders’ equity

 

$

7,613

 

$

7,436

 

$

7,120

 

$

6,835

 

$

6,941

 

Return on Equity

 

11.2

%

7.9

%

(0.5

)%

(1.4

)%

(3.1

)%

 


(1)        Return on equity is calculated using the trailing twelve months income in the numerator and Ameriprise Financial shareholders’ equity, calculated using a five point average of quarter-end equity, in the denominator.

 

43



 

Exhibit C

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Disclosed Items

 

 

44



 

Ameriprise Financial, Inc.

Disclosed Items

Second Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

Asset Management

 

Annuities

 

Protection

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VA

 

Market

 

 

 

Market

 

 

 

 

 

Junior

 

 

 

 

 

Securities 

 

Integration

 

 

 

Legal

 

Integration

 

Securities 

 

Guarantee

 

Impacts

 

Securities 

 

Impacts

 

Securities

 

Legal

 

Subordinated Notes

 

 

 

(in millions, unaudited)

 

Gains/(Losses) (1)

 

Charges (3)

 

EITF 04-5 (2)

 

Expenses (4)

 

Charges (3)

 

Gains/(Losses) (1)

 

Impacts (5)

 

to DAC/DSIC (6)

 

Gains/(Losses) (1)

 

to DAC/DSIC (6)

 

Gains/(Losses) (1)

 

Expenses (4)

 

Repurchase (7)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

(1

)

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

(1

)

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

(8

)

 

1

 

 

 

8

 

 

 

(1

)

 

7

 

 

 

7

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

 

(7

)

 

 

 

 

 

 

 

 

 

8

 

1

 

Total revenues

 

(8

)

 

(7

)

 

 

8

 

 

 

(1

)

 

7

 

 

8

 

7

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

(8

)

 

(7

)

 

 

8

 

 

 

(1

)

 

7

 

 

8

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

291

 

(6

)

 

 

 

 

 

285

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

(206

)

(33

)

 

(6

)

 

 

 

(245

)

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

 

16

 

1

 

16

 

9

 

 

 

 

 

 

 

7

 

 

49

 

Total expenses

 

 

16

 

1

 

16

 

9

 

 

85

 

(39

)

 

(6

)

 

7

 

 

89

 

Pretax segment income (loss)

 

(8

)

(16

)

(8

)

(16

)

(9

)

8

 

(85

)

39

 

(1

)

6

 

7

 

(7

)

8

 

(82

)

Less: Net loss attributable to noncontrolling interest

 

 

 

(8

)

 

 

 

 

 

 

 

 

 

 

(8

)

Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest

 

$

(8

)

$

(16

)

$

 

$

(16

)

$

(9

)

$

8

 

$

(85

)

$

39

 

$

(1

)

$

6

 

$

7

 

$

(7

)

$

8

 

$

(74

)

 


(1)    Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(2)    In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource

(3)    Non-recurring integration charges related to J. & W. Seligman & Co. and H&R Block Financial Advisors acquisitions

(4)    Increase in legal expenses

(5)    Variable annuity guarantee impacts include:

$ 360 million net expense related to hedged variable annuity living benefits

$ 255 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

$ 20 million decrease in death and income benefit expenses due to higher equity market valuations

(6)    Decrease in DAC and DSIC amortization related to market

(7)    Gain on the repurchase of certain junior subordinated notes

 

45



 

Ameriprise Financial, Inc.

Disclosed Items

First Quarter 2009

 

 

 

Advice & Wealth Management

 

Asset Management

 

Annuities

 

Protection

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VA

 

Market

 

 

 

Market

 

Junior

 

 

 

 

 

Securities

 

Integration

 

Securities

 

 

 

Integration

 

Securities

 

Guarantee

 

Impacts

 

Securities

 

Impacts

 

Subordinated Notes

 

 

 

(in millions, unaudited)

 

Gains/(Losses) (1)

 

Charges (3)

 

Gains/(Losses) (1)

 

EITF 04-5 (2)

 

Charges (3)

 

Gains/(Losses) (1)

 

Impacts (4)

 

to DAC/DSIC (5)

 

Gains/(Losses) (1)

 

to DAC/DSIC (5)

 

Repurchase (6)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

(10

)

 

(3

)

1

 

 

20

 

 

 

8

 

 

 

16

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

 

 

(12

)

 

 

 

 

 

 

50

 

38

 

Total revenues

 

(10

)

 

(3

)

(11

)

 

20

 

 

 

8

 

 

50

 

54

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

(10

)

 

(3

)

(11

)

 

20

 

 

 

8

 

 

50

 

54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

(200

)

6

 

 

 

 

(194

)

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

146

 

35

 

 

5

 

 

186

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

 

12

 

 

3

 

7

 

 

 

 

 

 

 

22

 

Total expenses

 

 

12

 

 

3

 

7

 

 

(54

)

41

 

 

5

 

 

14

 

Pretax segment income (loss)

 

(10

)

(12

)

(3

)

(14

)

(7

)

20

 

54

 

(41

)

8

 

(5

)

50

 

40

 

Less: Net loss attributable to noncontrolling interest

 

 

 

 

(14

)

 

 

 

 

 

 

 

(14

)

Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest

 

$

(10

)

$

(12

)

$

(3

)

$

 

$

(7

)

$

20

 

$

54

 

$

(41

)

$

8

 

$

(5

)

$

50

 

$

54

 

 


(1)            Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(2)            In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource

(3)            Non-recurring integration charges related to J. & W. Seligman & Co. and H&R Block Financial Advisors acquisitions

(4)            Variable annuity guarantee impacts include:

$267 million net benefit related to hedged variable annuity living benefits

$182 million increase in DAC and DSIC amortization resulting from hedged living benefits offset

$31 million increase in death and income benefit expenses due to lower equity market valuations

(5)            Increase in DAC and DSIC amortization related to market

(6)            Gain on the repurchase of certain junior subordinated notes

 

46



 

Ameriprise Financial, Inc.

Disclosed Items

Second Quarter 2008

 

 

 

Advice & Wealth
Management

 

Asset
Management

 

Annuities

 

Protection

 

Consolidated

 

 

 

 

 

Investment

 

 

 

Investment

 

 

 

Investment

 

 

 

Income

 

 

 

(in millions, unaudited)

 

Losses (2)

 

EITF 04-5 (1)

 

Losses (2)

 

DAC/DSIC (3)

 

Losses (2)

 

DAC/DSIC (3)

 

Tax (4)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Distribution fees

 

 

 

 

 

 

 

 

 

Net investment income

 

(21

)

1

 

(5

)

 

(1

)

 

 

(26

)

Premiums

 

 

 

 

 

 

 

 

 

Other revenues

 

 

(4

)

 

 

 

 

 

(4

)

Total revenues

 

(21

)

(3

)

(5

)

 

(1

)

 

 

(30

)

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

Total net revenues

 

(21

)

(3

)

(5

)

 

(1

)

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

1

 

 

 

 

1

 

Amortization of deferred acquisition costs

 

 

 

 

9

 

 

1

 

 

10

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

General and administrative expense

 

 

2

 

 

 

 

 

 

2

 

Total expenses

 

 

2

 

 

10

 

 

1

 

 

13

 

Pretax segment loss

 

(21

)

(5

)

(5

)

(10

)

(1

)

(1

)

 

(43

)

Less: Net loss attributable to noncontrolling interest

 

 

(5

)

 

 

 

 

 

(5

)

Pretax segment loss excluding net loss attributable to noncontrolling interest

 

$

(21

)

$

 

$

(5

)

$

(10

)

$

(1

)

$

(1

)

$

 

$

(38

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27

 

$

27

 

 


(1)

In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

(2)

Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(3)

Increase in DAC and DSIC amortization related to market

(4)

Exceptional tax adjustments

 

47



 

Exhibit D

 

 

 

Statistical Supplement Package

(unaudited)

 

Second Quarter 2009

 

 

Prior Statistical Supplement Reconciliation Tables

 

 

48



 

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

 

(in millions, unaudited)

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

Total Managed Assets by Type (1)

 

 

 

 

 

 

 

 

 

As previously reported

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

Fixed income

 

$

105,586

 

$

84,315

 

$

72,213

 

$

65,609

 

Money market

 

112,918

 

104,118

 

92,257

 

94,740

 

Alternative

 

13,866

 

11,888

 

14,926

 

11,862

 

Hybrid and other

 

10,322

 

8,440

 

9,535

 

9,338

 

Total managed assets by type

 

16,492

 

14,658

 

10,635

 

9,601

 

 

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

Current presentation

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

Fixed income

 

$

105,586

 

$

84,315

 

$

71,835

 

$

64,559

 

Money market

 

112,918

 

104,118

 

92,449

 

95,080

 

Alternative

 

13,866

 

11,888

 

12,596

 

10,270

 

Hybrid and other

 

10,322

 

8,440

 

12,012

 

11,604

 

Total managed assets by type

 

16,492

 

14,658

 

10,674

 

9,637

 

 

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

 

 

 

 

 

 

 

 

 

 

Asset Management Segment - Domestic (2)

 

 

 

 

 

 

 

 

 

As previously reported

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

50,932

 

$

49,442

 

$

43,129

 

$

46,293

 

Net flows

 

(887

)

(4,106

)

482

 

1,881

 

Market appreciation (depreciation) and other

 

(603

)

(2,207

)

2,682

 

(220

)

Total ending assets

 

$

49,442

 

$

43,129

 

$

46,293

 

$

47,954

 

 

 

 

 

 

 

 

 

 

 

Current presentation

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

50,932

 

$

49,442

 

$

43,129

 

$

46,293

 

Net flows

 

(624

)

(4,004

)

1,320

 

2,002

 

Market appreciation (depreciation) and other

 

(886

)

(2,309

)

1,844

 

(341

)

Total ending assets

 

$

49,422

 

$

43,129

 

$

46,293

 

$

47,954

 

 


(1)  Change due completing integration of  J. & W. Seligman & Co. managed assets reporting.  See page 13.

(2)  Capital changes (share repurchase, debt repurchase, equity issuance, debt issuance and acquisitions) are moved to Market appreciation and other from Net flows. See page 15.

 

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