-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T1NdF/kPkwIk2clcKqPS8bI6g1GNtu6xc4Am7hUWoSPTh5RuXOF416zeYkHzObMb DgNUi3Z4tFKfwaGLNxTKdQ== 0001068800-06-001068.txt : 20060928 0001068800-06-001068.hdr.sgml : 20060928 20060928123814 ACCESSION NUMBER: 0001068800-06-001068 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060928 DATE AS OF CHANGE: 20060928 EFFECTIVENESS DATE: 20060928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE GLOBAL SERIES INC CENTRAL INDEX KEY: 0000842918 IRS NUMBER: 411850486 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05696 FILM NUMBER: 061113102 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRSE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRSE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: RIVERSOURCE GLOBAL SERIES, INC. DATE OF NAME CHANGE: 20060504 FORMER COMPANY: FORMER CONFORMED NAME: AXP GLOBAL SERIES INC DATE OF NAME CHANGE: 19991228 FORMER COMPANY: FORMER CONFORMED NAME: IDS GLOBAL SERIES INC DATE OF NAME CHANGE: 19920703 0000842918 S000003513 RiverSource Emerging Markets Fund C000009724 RiverSource Emerging Markets Fund Class C C000009725 RiverSource Emerging Markets Fund Class I C000009726 RiverSource Emerging Markets Fund Class Y C000009727 RiverSource Emerging Markets Fund Class A IDEAX C000009728 RiverSource Emerging Markets Fund Class B IEMBX 0000842918 S000003514 RiverSource Emerging Markets Bond Fund C000009729 RiverSource Emerging Markets Bond Fund Class A C000009730 RiverSource Emerging Markets Bond Fund Class B C000009731 RiverSource Emerging Markets Bond Fund Class C C000009732 RiverSource Emerging Markets Bond Fund Class I RSMIX C000009733 RiverSource Emerging Markets Bond Fund Class Y 0000842918 S000003515 RiverSource Global Balanced Fund C000009734 RiverSource Global Balanced Fund Class C C000009735 RiverSource Global Balanced Fund Class A IDGAX C000009736 RiverSource Global Balanced Fund Class B IGBBX C000009737 RiverSource Global Balanced Fund Class Y AGBYX 0000842918 S000003516 RiverSource Global Bond Fund C000009738 RiverSource Global Bond Fund Class Y C000009739 RiverSource Global Bond Fund Class A IGBFX C000009740 RiverSource Global Bond Fund Class B IGLOX C000009741 RiverSource Global Bond Fund Class C AGBCX C000009742 RiverSource Global Bond Fund Class I AGBIX 0000842918 S000003517 RiverSource Global Equity Fund C000009743 RiverSource Global Equity Fund Class C C000009744 RiverSource Global Equity Fund Class A IGLGX C000009745 RiverSource Global Equity Fund Class B IDGBX C000009746 RiverSource Global Equity Fund Class Y IDGYX 0000842918 S000003518 RiverSource Global Technology Fund C000009747 RiverSource Global Technology Fund Class I C000009748 RiverSource Global Technology Fund Class Y C000009749 RiverSource Global Technology Fund Class A AXIAX C000009750 RiverSource Global Technology Fund Class B INVBX C000009751 RiverSource Global Technology Fund Class C AXICX 0000842918 S000007870 RiverSource Absolute Return Currency and Income Fund C000021407 RiverSource Absolute Return Currency and Income Fund Class A C000021408 RiverSource Absolute Return Currency and Income Fund Class B C000021409 RiverSource Absolute Return Currency and Income Fund Class C C000021410 RiverSource Absolute Return Currency and Income Fund Class I C000021411 RiverSource Absolute Return Currency and Income Fund Class Y N-Q 1 global-series_nq.txt RIVERSOURCE GLOBAL SERIES, INC. FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-5696 -------- RIVERSOURCE GLOBAL SERIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 Ameriprise Financial Center, Minneapolis, MN 55474 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 - ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 330-9283 -------------- Date of fiscal year end: 10/31 -------- Date of reporting period: 07/31 -------- PORTFOLIO HOLDINGS FOR RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) BONDS (49.7%) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT ASSET-BACKED (24.1%) AmeriCredit Automobile Receivables Trust Series 2004-CA Cl A3 (AMBAC) 03-06-09 3.00% $1,134,789(g) $1,125,569 Citibank Credit Card Issuance Trust Series 2003-A4 Cl A4 03-20-09 5.48 500,000(e) 500,235 Citibank Credit Card Issuance Trust Series 2003-A9 Cl A9 11-22-10 5.27 455,000(e) 455,640 Countrywide Home Equity Loan Trust Series 2005-H Cl 2A (FGIC) 12-15-35 5.61 441,312(e,g) 442,278 Harley-Davidson Motorcycle Trust Series 2005-1 Cl A1 07-15-09 3.28 647,322 641,658 SLM Student Loan Trust Series 2003-2 Cl A3 12-15-15 5.43 249,205(e) 249,314 SLM Student Loan Trust Series 2003-4 Cl A3 12-15-15 5.43 270,363(e) 270,480 SLM Student Loan Trust Series 2004-3 Cl A3 04-25-16 5.58 1,500,000(e) 1,503,078 SLM Student Loan Trust Series 2005-2 Cl A2 01-25-13 5.50 264,460(e) 264,496 SLM Student Loan Trust Series 2005-5 Cl A1 01-25-18 5.49 279,539(e) 279,533 SLM Student Loan Trust Series 2006-2 Cl A2 01-25-17 5.49 500,000(e) 499,985 SLM Student Loan Trust Series 2006-5 Cl A2 07-25-17 5.43 1,500,000(e) 1,499,532 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT ASSET-BACKED (CONT.) SLM Student Loan Trust Series 2006-A Cl A1 03-16-20 5.35% $993,779(e) $993,759 Structured Asset Investment Loan Trust Series 2006-1 Cl A1 01-25-36 5.47 423,358(e) 423,424 Volkswagen Auto Lease Trust Series 2005-A Cl A3 05-20-08 3.82 500,000 496,345 ---------- Total 9,645,326 - -------------------------------------------------------------------------------- COMMERCIAL MORTGAGE-BACKED (4.6%)(F) GE Capital Commercial Mtge Series 2000-1 Cl A1 01-15-33 6.32 1,399,894 1,396,439 JP Morgan Chase Commercial Mtge Securities Series 2004-CBX Cl A1 01-12-37 3.18 460,004 457,132 ---------- Total 1,853,571 - -------------------------------------------------------------------------------- MORTGAGE-BACKED (3.0%)(F) American Home Mtge Assets Collateralized Mtge Obligation Series 2006-2 Cl 2A2 09-25-46 5.62 500,000(b) 500,000 American Home Mtge Assets Collateralized Mtge Obligation Series 2006-3 Cl 3A2 07-25-36 5.66 700,000(b) 700,000 ---------- Total 1,200,000 - -------------------------------------------------------------------------------- AUTOMOTIVE (1.0%) American Honda Finance 07-11-08 5.59 400,000(d,e) 400,560 - -------------------------------------------------------------------------------- BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT BANKING (6.0%) Bank of America Sr Nts 02-17-09 5.32% $400,000(e) $401,185 Citigroup 06-09-09 5.42 400,000(e) 401,009 JPMorgan Chase & Co Sr Nts 12-22-08 5.49 400,000(e) 400,399 Wachovia Sr Nts 10-28-08 5.54 400,000(e) 400,249 Wells Fargo 03-10-08 5.34 400,000(e) 400,220 World Savings Bank FSB Sr Nts 03-02-09 5.36 400,000(e) 400,628 ---------- Total 2,403,690 - -------------------------------------------------------------------------------- BROKERAGE (4.0%) Credit Suisse USA Sr Nts 12-09-08 5.41 400,000(e) 400,484 Lehman Brothers Holdings 10-22-08 5.60 400,000(e) 400,506 Merrill Lynch & Co 08-22-08 5.28 400,000(e) 400,212 Morgan Stanley Sr Nts 02-09-09 5.28 400,000(e) 400,607 ---------- Total 1,601,809 - -------------------------------------------------------------------------------- CONSTRUCTION MACHINERY (2.0%) Caterpillar Financial Services 10-28-08 5.57 400,000(e) 400,376 John Deere Capital 06-10-08 5.43 400,000(e) 400,569 ---------- Total 800,945 - -------------------------------------------------------------------------------- See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT FOOD AND BEVERAGE (1.0%) Diageo Capital 11-10-08 5.26% $400,000(c,e) $400,070 - -------------------------------------------------------------------------------- LIFE INSURANCE (1.0%) Pacific Life Global Funding 11-13-08 5.26 400,000(d,e) 400,555 - -------------------------------------------------------------------------------- NON CAPTIVE DIVERSIFIED (1.0%) General Electric Capital 12-01-08 5.38 400,000(e) 400,869 - -------------------------------------------------------------------------------- OTHER FINANCIAL INSTITUTIONS (1.0%) Berkshire Hathaway Finance 01-11-08 5.56 400,000(e) 400,476 - -------------------------------------------------------------------------------- PROPERTY & CASUALTY (1.0%) Allstate Life Global Funding Trusts Secured 11-14-07 5.19 400,000(e) 400,075 - -------------------------------------------------------------------------------- TOTAL BONDS (Cost: $19,909,852) $19,907,946 - -------------------------------------------------------------------------------- SHORT-TERM SECURITIES (54.0%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY ASSET-BACKED (4.7%) Galaxy Funding 09-07-06 5.35% $400,000(h) $397,754 Nieuw Amsterdam 08-24-06 5.37 1,500,000(h) 1,494,650 ---------- Total 1,892,404 - -------------------------------------------------------------------------------- BANKING (1.0%) Irish Life & Permanent 04-04-07 5.43 400,000(h) 385,623 - -------------------------------------------------------------------------------- COMMERCIAL PAPER (48.3%) Amstel Funding 09-22-06 5.40 1,500,000(h) 1,488,174 CAFCO LLC 09-13-06 5.39 1,500,000(h) 1,490,192 CC (USA)/Centari 09-20-06 5.28 400,000 397,029 Chariot Funding LLC 10-16-06 5.31 1,100,000(h) 1,087,646 CHARTA LLC 09-05-06 5.27 500,000(h) 497,379 Ciesco LP 09-08-06 5.38 1,500,000(h) 1,491,306 CRC Funding LLC 08-30-06 5.36 600,000(h) 597,330 Cullinan Finance 09-07-06 5.35 500,000 497,192 SHORT-TERM SECURITIES (CONTINUED) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER (CONT.) Dorada Finance 10-19-06 5.32% $1,800,000 $1,778,986 Fairway Finance 08-01-06 5.26 1,400,000(h) 1,399,795 12-11-06 5.39 500,000(h) 490,247 Five Finance 08-22-06 5.32 300,000 299,028 09-12-06 5.28 600,000 596,243 Jupiter Securitization 08-02-06 5.26 1,900,000(h) 1,899,445 Kitty Hawk Funding 08-23-06 5.36 1,500,000(h) 1,494,883 Old Line Funding 08-21-06 5.33 500,000(h) 498,451 Sedna Finance 09-12-06 5.39 500,000 496,799 Thames Asset Global Securitization #1 10-16-06 5.31 500,000(h) 494,384 Variable Funding Capital 08-01-06 5.26 1,900,000(h) 1,899,722 White Pine Finance LLC 10-10-06 5.30 500,000 494,828 ----------- Total 19,389,059 - -------------------------------------------------------------------------------- TOTAL SHORT-TERM SECURITIES (Cost: $21,668,639) $21,667,086 - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $41,578,491)(i) $41,575,032 ================================================================================ See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) All securities are valued at the close of each business day. Short-term securities maturing in more than 60 days from the valuation date are valued at the market price or approximate market value based on current interest rates; those maturing in 60 days or less are valued at amortized cost. (b) Adjustable rate mortgage; interest rate varies to reflect current market conditions; rate shown is the effective rate on July 31, 2006. (c) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. At July 31, 2006, the value of foreign securities represented 1.0% of net assets. (d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $801,115 or 2.0% of net assets. (e) Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2006. (f) Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates. (g) The following abbreviations are used in the portfolio security description(s) to identify the insurer of the issue: AMBAC -- Ambac Assurance Corporation FGIC -- Financial Guaranty Insurance Company (h) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $17,106,981 or 42.7% of net assets. (i) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $41,578,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 5,000 Unrealized depreciation (8,000) ---------------------------------------------------------------------------- Net unrealized depreciation $(3,000) ---------------------------------------------------------------------------- HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 3 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6502-80 F (9/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE EMERGING MARKETS FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (95.5%)(c) ISSUER SHARES VALUE(a) ARGENTINA (1.1%) REAL ESTATE MANAGEMENT & DEVELOPMENT IRSA Inversiones y Representaciones GDR 491,906(b) $5,701,190 - ------------------------------------------------------------------------------ BERMUDA (0.9%) MEDIA Central European Media Enterprises Series A 76,859(b) 4,676,102 - ------------------------------------------------------------------------------ BRAZIL (18.7%) AIRLINES (2.2%) GOL Linhas Aereas Inteligentes ADR 166,976 5,346,572 Tam ADR 231,916(b) 6,250,136 ----------- Total 11,596,708 - ------------------------------------------------------------------------------ BEVERAGES (0.7%) AmBev ADR 92,218 3,711,775 - ------------------------------------------------------------------------------ COMMERCIAL BANKS (1.7%) UNIBANCO - Uniao de Bancos Brasileiros ADR 123,484 8,566,085 - ------------------------------------------------------------------------------ COMMERCIAL SERVICES & SUPPLIES (0.5%) American BankNote 372,458 2,397,431 - ------------------------------------------------------------------------------ CONSUMER FINANCE (0.4%) CSU Cardsystem 346,336(b) 1,842,348 - ------------------------------------------------------------------------------ HOUSEHOLD DURABLES (1.1%) Cyrela Brazil Realty 437,400 5,932,552 - ------------------------------------------------------------------------------ METALS & MINING (3.0%) Companhia Vale do Rio Doce ADR 650,399 15,089,257 - ------------------------------------------------------------------------------ MULTILINE RETAIL (0.8%) Lojas Renner 75,762 4,388,971 - ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) BRAZIL (CONT.) OIL, GAS & CONSUMABLE FUELS (5.5%) Petroleo Brasileiro ADR 329,088 $27,685,156 - ------------------------------------------------------------------------------ ROAD & RAIL (1.7%) Localiza Rent A Car 421,989 8,798,713 - ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (1.1%) TIM Participacoes ADR 237,378 5,886,974 - ------------------------------------------------------------------------------ CANADA (0.4%) METALS & MINING Corriente Resources 552,600(b) 2,271,360 - ------------------------------------------------------------------------------ CHINA (5.7%) INSURANCE (2.0%) China Life Insurance Series H 6,238,000 10,517,227 - ------------------------------------------------------------------------------ METALS & MINING (0.4%) Aluminum Corp of China Series H 3,274,000 2,186,908 - ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (3.0%) China Shenhua Energy Series H 2,307,000 4,150,872 PetroChina Series H 9,852,000 11,170,816 ----------- Total 15,321,688 - ------------------------------------------------------------------------------ REAL ESTATE MANAGEMENT & DEVELOPMENT (0.3%) Greentown China Holdings 1,360,000(b) 1,496,544 - ------------------------------------------------------------------------------ COLOMBIA (0.7%) COMMERCIAL BANKS Bancolombia ADR 124,771 3,366,322 - ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HONG KONG (4.6%) PAPER & FOREST PRODUCTS (0.5%) Lee & Man Paper Mfg 1,716,000 $2,623,725 - ------------------------------------------------------------------------------ REAL ESTATE MANAGEMENT & DEVELOPMENT (0.8%) China Overseas Land & Investment 6,780,000 3,970,321 - ------------------------------------------------------------------------------ SPECIALTY RETAIL (0.5%) Esprit Holdings 319,000 2,426,402 - ------------------------------------------------------------------------------ TEXTILES, APPAREL & LUXURY GOODS (0.5%) Prime Success Intl Group 4,226,973 2,388,243 - ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (2.3%) China Mobile 1,926,000 12,406,376 - ------------------------------------------------------------------------------ HUNGARY (1.8%) OIL, GAS & CONSUMABLE FUELS (1.1%) MOL Magyar Olaj-es Gazipari 52,209 5,803,181 - ------------------------------------------------------------------------------ PHARMACEUTICALS (0.7%) Gedeon Richter 17,229 3,651,962 - ------------------------------------------------------------------------------ INDIA (2.6%) ELECTRICAL EQUIPMENT (1.1%) Bharat Heavy Electricals 30,752 1,341,175 Suzlon Energy 210,017 4,887,803 ----------- Total 6,228,978 - ------------------------------------------------------------------------------ FOOD PRODUCTS (0.7%) Bajaj Hindusthan 491,308 3,504,556 - ------------------------------------------------------------------------------ IT SERVICES (0.8%) Satyam Computer Services 243,914 3,952,028 - ------------------------------------------------------------------------------ See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE EMERGING MARKETS FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) INDONESIA (2.1%) DIVERSIFIED TELECOMMUNICATION SERVICES (1.2%) Telekomunikasi Indonesia ADR 178,194 $5,939,206 - ------------------------------------------------------------------------------ MACHINERY (0.9%) United Tractors 7,561,635 4,671,280 - ------------------------------------------------------------------------------ LUXEMBOURG (0.9%) ENERGY EQUIPMENT & SERVICES Tenaris ADR 122,011 4,748,668 - ------------------------------------------------------------------------------ MEXICO (10.0%) CONSTRUCTION MATERIALS (1.2%) CEMEX ADR 211,212(b) 5,981,524 - ------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES (1.2%) AXTEL Series CPO 3,104,966(b) 6,374,537 - ------------------------------------------------------------------------------ HOUSEHOLD DURABLES (0.9%) Urbi Desarrollos Urbanos 1,716,200(b) 4,455,120 - ------------------------------------------------------------------------------ MEDIA (1.7%) Grupo Televisa ADR 487,609 9,030,518 - ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (5.0%) America Movil ADR Series L 718,095 25,693,439 - ------------------------------------------------------------------------------ NETHERLANDS (0.8%) Beverages Efes Breweries Intl GDR 112,049(b,d) 3,908,269 - ------------------------------------------------------------------------------ PANAMA (0.6%) AIRLINES Copa Holdings Cl A 126,026 2,873,393 - ------------------------------------------------------------------------------ PHILIPPINE ISLANDS (0.5%) REAL ESTATE MANAGEMENT & DEVELOPMENT Ayala Land 10,589,820 2,828,478 - ------------------------------------------------------------------------------ RUSSIA (12.1%) COMMERCIAL BANKS (0.9%) Sberbank 2,570 4,574,600 - ------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES (0.4%) VolgaTelecom 552,804 2,180,812 - ------------------------------------------------------------------------------ ELECTRIC UTILITIES (1.0%) Unified Energy System ADR 72,283 5,298,344 - ------------------------------------------------------------------------------ METALS & MINING (1.0%) MMC Norilsk Nickel ADR 38,964(c) 5,318,586 - ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (7.9%) Gazprom ADR 423,616 17,656,315 LUKOIL ADR 206,693 17,940,952 Surgutneftegaz ADR 67,902 4,997,587 ----------- Total 40,594,854 - ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (0.9%) Mobile Telesystems ADR 139,933 4,469,460 - ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SINGAPORE (1.2%) INDUSTRIAL CONGLOMERATES Keppel 660,000 $6,398,834 - ------------------------------------------------------------------------------ SOUTH AFRICA (10.9%) COMMERCIAL BANKS (1.0%) ABSA Group 352,852 5,229,024 - ------------------------------------------------------------------------------ FOOD & STAPLES RETAILING (0.9%) Massmart Holdings 643,607 4,419,100 - ------------------------------------------------------------------------------ MEDIA (1.2%) Naspers Series N 360,239 6,345,060 - ------------------------------------------------------------------------------ METALS & MINING (4.6%) Anglo Platinum 62,044 6,367,626 Impala Platinum Holdings 94,056 17,402,671 ----------- Total 23,770,297 - ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (1.7%) Sasol 248,308 8,971,464 - ------------------------------------------------------------------------------ SPECIALTY RETAIL (1.5%) Foschini 665,746 4,272,784 Truworths Intl 1,074,358 3,494,226 ----------- Total 7,767,010 - ------------------------------------------------------------------------------ SOUTH KOREA (11.9%) COMMERCIAL BANKS (2.3%) Shinhan Financial Group 127,640 6,280,443 Woori Finance Holdings 272,880 5,570,729 ----------- Total 11,851,172 - ------------------------------------------------------------------------------ MACHINERY (2.5%) Doosan Infracore 230,120 3,770,287 Samsung Heavy Inds 371,220 9,132,821 ----------- Total 12,903,108 - ------------------------------------------------------------------------------ METALS & MINING (1.2%) POSCO 25,676 6,263,095 - ------------------------------------------------------------------------------ MULTILINE RETAIL (0.9%) Hyundai Department Store 62,361 4,530,835 - ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (0.9%) SK 68,744 4,814,671 - ------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (4.1%) Hynix Semiconductor 167,549(b) 5,700,735 Samsung Electronics 24,284 15,457,153 ----------- Total 21,157,888 - ------------------------------------------------------------------------------ TAIWAN (5.4%) ELECTRONIC EQUIPMENT & INSTRUMENTS (1.4%) Hon Hai Precision Industry 1,191,644 7,067,963 - ------------------------------------------------------------------------------ REAL ESTATE MANAGEMENT & DEVELOPMENT (0.5%) Huaku Construction 1,319,700 2,634,720 - ------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (3.5%) MediaTek 274,000 2,500,581 Taiwan Semiconductor Mfg 9,379,235 15,714,262 ----------- Total 18,214,843 - ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) THAILAND (0.5%) HEALTH CARE PROVIDERS & SERVICES Bumrungrad Hospital 2,929,000 $2,747,147 - ------------------------------------------------------------------------------ TURKEY (0.5%) BEVERAGES Anadolu Efes Biracilik ve Malt Sanayii 106,356 2,841,274 - ------------------------------------------------------------------------------ COMMERCIAL BANKS (--%) Akbank 1 3 - ------------------------------------------------------------------------------ UNITED KINGDOM (0.7%) METALS & MINING Kazakhmys 144,627 3,379,382 - ------------------------------------------------------------------------------ UNITED STATES (0.9%) METALS & MINING Glamis Gold 133,438(b) 4,897,327 - ------------------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $439,294,025) $493,534,388 - ------------------------------------------------------------------------------ PREFERRED STOCKS & OTHER (3.3%)(c) ISSUER SHARES VALUE(a) BRAZIL (1.9%) Banco Bradesco 301,100 $10,098,963 - ------------------------------------------------------------------------------ HONG KONG (--%) CHINA OVERSEAS LAND & INVESTMENT Warrants 827,000(b,d) 83,020 - ------------------------------------------------------------------------------ RUSSIA (1.4%) Transneft 3,492(d) 7,053,840 - ------------------------------------------------------------------------------ TOTAL PREFERRED STOCKS & OTHER (Cost: $17,242,998) $17,235,823 - ------------------------------------------------------------------------------ SHORT-TERM SECURITIES (1.1%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Nieuw Amsterdam 08-01-06 5.32% $5,500,000(e) $5,499,187 - ------------------------------------------------------------------------------ TOTAL SHORT-TERM SECURITIES (Cost: $5,500,000) $5,499,187 - ------------------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES (Cost: $462,037,023)(f) $516,269,398 ============================================================================== See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 RIVERSOURCE EMERGING MARKETS FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. (d) Identifies issues considered to be illiquid as to their marketability. These securities may be valued at fair value according to methods selected in good faith by the Fund's Board of Directors. Information concerning such security holdings at July 31, 2006, is as follows: SECURITY ACQUISITION COST DATES ------------------------------------------------------------------------- China Overseas Land & Investment Warrants 06-29-06 $ -- Efes Breweries Intl GDR 10-15-04 thru 01-25-06 3,030,355 Transneft 09-29-05 thru 12-09-05 6,061,070 (e) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $5,499,187 or 1.1% of net assets. (f) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $462,037,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 74,096,000 Unrealized depreciation (19,864,000) --------------------------------------------------------------------- Net unrealized appreciation $ 54,232,000 --------------------------------------------------------------------- The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 3 RIVERSOURCE EMERGING MARKETS FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6354-80 F (9/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE EMERGING MARKETS BOND FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) BONDS (89.2%)(c) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT ARGENTINA (6.2%) Banco Hipotecario Sr Unsecured 04-27-16 9.75% $575,000(d) $570,688 Banco Hipotecario Sr Unsub 11-16-10 9.75 100,000 102,343 City of Buenos Aires 04-11-11 7.88 250,000(d) 247,300 Republic of Argentina 03-28-11 7.00 1,555,000 1,516,623 08-03-12 4.89 650,000(f) 451,750 12-31-33 8.28 278,124 260,741 ----------- Total 3,149,445 - ------------------------------------------------------------------------------ BRAZIL (15.6%) Banco ABN AMRO Real (Brazilian Real) 02-22-10 16.20 1,350,000 640,861 Banco Bradesco 01-04-10 14.80 400,000(d) 182,069 BIE Bank & Trust 02-02-09 14.10 250,000 114,943 Centrais Eletricas Brasileiras Sr Nts 11-30-15 7.75 486,000(d) 486,000 Federative Republic of Brazil 10-22-10 9.25 75,000 83,625 03-07-15 7.88 530,000 571,605 01-15-18 8.00 295,000 319,485 10-14-19 8.88 1,798,000 2,085,679 04-15-24 8.88 1,332,000 1,547,784 02-04-25 8.75 260,000 299,650 01-20-34 8.25 143,000 158,873 08-17-40 11.00 984,000 1,262,472 JBS 08-04-16 10.50 250,000(b,d) 250,000 ----------- Total 8,003,046 - ------------------------------------------------------------------------------ BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT COLOMBIA (5.4%) Republic of Colombia 12-22-14 8.25% $145,000 $156,963 01-27-17 7.38 600,000 611,400 05-21-24 8.13 677,000 731,159 01-28-33 10.38 100,000 131,000 Republic of Colombia (Colombian Peso) 03-01-10 11.75 1,000,000,000 440,322 10-22-15 12.00 1,408,000,000 675,730 ----------- Total 2,746,574 - ------------------------------------------------------------------------------ COSTA RICA (1.0%) Republic of Costa Rica 02-01-12 8.11 290,000(d) 308,125 03-20-14 6.55 180,000(d) 176,400 ----------- Total 484,525 - ------------------------------------------------------------------------------ DOMINICAN REPUBLIC (1.7%) Dominican Republic 01-23-18 9.04 550,443(d) 593,102 04-20-27 8.63 250,000(d) 256,875 ----------- Total 849,977 - ------------------------------------------------------------------------------ EL SALVADOR (1.7%) Republic of El Salvador 06-15-35 7.65 820,000(d) 830,250 - ------------------------------------------------------------------------------ INDONESIA (2.2%) Republic of Indonesia 04-20-15 7.25 460,000(d) 472,075 01-15-16 7.50 313,000(d) 324,738 03-09-17 6.88 300,000(d) 298,125 ----------- Total 1,094,938 - ------------------------------------------------------------------------------ KAZAKHSTAN (0.9%) Kazkommerts Intl 11-03-15 8.00 300,000(d) 298,500 Kazkommerts Intl Bank Guaranty 04-07-14 7.88 130,000(d) 130,000 ----------- Total 428,500 - ------------------------------------------------------------------------------ BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT LUXEMBOURG (1.0%) Gazprom Intl 02-01-20 7.20% $100,000(d) $103,750 UBS (Vimplecom) 05-23-16 8.25 350,000(d) 348,250 ----------- Total 452,000 - ------------------------------------------------------------------------------ MALAYSIA (0.3%) TNB Capital 05-05-15 5.25 117,000(d) 111,931 - ------------------------------------------------------------------------------ MEXICO (14.0%) Mexican Fixed Rate (Mexican Peso) 12-20-12 9.00 4,500,000 426,165 Pemex Project Funding Master Trust 11-15-11 8.00 130,000 140,400 12-15-15 5.75 2,893,000 2,756,112 02-01-22 8.63 2,963,000 3,448,209 06-15-35 6.63 309,000(d) 293,936 United Mexican States 03-03-15 6.63 100,000 104,250 ----------- Total 7,169,072 - ------------------------------------------------------------------------------ NETHERLANDS (0.7%) Turanalem Finance 04-25-13 7.75 300,000(d) 296,625 - ------------------------------------------------------------------------------ PANAMA (2.4%) Republic of Panama 03-15-15 7.25 593,000 612,866 01-29-26 7.13 48,000 48,048 09-30-27 8.88 150,000 177,750 04-28-34 8.13 300,000(e) 330,000 ----------- Total 1,168,664 - ------------------------------------------------------------------------------ PERU (4.7%) Republic of Peru 05-03-16 8.38 1,495,000 1,644,500 03-07-17 5.00 169,850(d,f) 166,453 07-21-25 7.35 289,000 294,780 11-21-33 8.75 250,000 288,750 ----------- Total 2,394,483 - ------------------------------------------------------------------------------ See accompanying notes to investments in securities. - ------------------------------------------------------------------------------- 1 RIVERSOURCE EMERGING MARKETS BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT PHILIPPINE ISLANDS (7.6%) Republic of Philippines 01-15-14 8.25% $150,000 $160,500 03-17-15 8.88 427,000 476,639 01-15-16 8.00 250,000 266,400 01-15-19 9.88 895,000 1,062,812 10-21-24 9.50 1,111,000 1,291,537 01-14-31 7.75 596,000 597,490 ----------- Total 3,855,378 - ------------------------------------------------------------------------------ RUSSIA (10.7%) Gazstream 07-22-13 5.63 551,474(d) 544,581 Russian Federation 03-31-10 8.25 293,335(d) 305,802 03-31-30 5.00 3,206,000(d,f) 3,488,448 Russian Ministry of Finance 05-14-11 3.00 220,000 192,940 Russian Standard Finance Sr Unsub 05-05-11 8.63 450,000(d) 441,563 TNK-BP Finance 07-18-16 7.50 500,000(d) 507,171 ----------- Total 5,480,505 - ------------------------------------------------------------------------------ SOUTH AFRICA (0.4%) Republic of South Africa 06-02-14 6.50 140,000 143,640 - ------------------------------------------------------------------------------ BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT TURKEY (4.9%) Republic of Turkey 01-15-14 9.50% $100,000 $111,750 03-15-15 7.25 2,369,000 2,354,194 ----------- Total 2,465,944 - ------------------------------------------------------------------------------ UKRAINE (0.9%) Credit Suisse First Boston Intl for City of Kiev Ukraine 11-06-15 8.00 100,000(d) 98,000 Govt of Ukraine 06-11-13 7.65 200,000(d) 206,750 Naftogaz Ukrainy 09-30-09 8.13 100,000 96,193 ----------- Total 400,943 - ------------------------------------------------------------------------------ UNITED STATES (0.8%) U.S. Treasury 02-15-16 4.50 350,000 337,121 - ------------------------------------------------------------------------------ URUGUAY (2.9%) Republic of Uruguay 03-15-15 7.50 384,000 388,800 05-17-17 9.25 200,000 224,000 11-18-22 8.00 500,000 501,250 03-21-36 7.63 350,000 332,500 ----------- Total 1,446,550 - ------------------------------------------------------------------------------ BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT VENEZUELA (5.3%) Petrozuata Finance 04-01-17 8.22% $250,000(d) $246,250 Republic of Venezuela 10-08-14 8.50 499,000 546,405 02-26-16 5.75 1,665,000 1,529,636 01-13-34 9.38 291,000 359,385 ----------- Total 2,681,676 - ------------------------------------------------------------------------------ TOTAL BONDS (Cost: $45,878,082) $45,991,787 - ------------------------------------------------------------------------------ SHORT-TERM SECURITIES (11.2%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY U.S. GOVERNMENT AGENCIES Federal Home Loan Bank Disc Nts 08-01-06 4.98% $5,800,000 $5,799,198 - ------------------------------------------------------------------------------ TOTAL SHORT-TERM SECURITIES (Cost: $5,800,000) $5,799,198 - ------------------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES (Cost: $51,678,082)(g) $51,790,985 ============================================================================== NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2006. (b) At July 31, 2006, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $250,000. (c) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. (d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $12,583,757 or 24.4% of net assets. (e) Identifies issues considered to be illiquid as to their marketability. These securities may be valued at fair value according to methods selected in good faith by the Fund's Board of Directors. Information concerning such security holdings at July 31, 2006, is as follows: SECURITY ACQUISITION COST DATES --------------------------------------------------------------------------- Republic of Panama 8.13% 2034 07-20-06 thru 07-27-06 $327,537 (f) Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2006. (g) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $51,678,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 448,000 Unrealized depreciation (335,000) --------------------------------------------------------------------------- Net unrealized appreciation $ 113,000 --------------------------------------------------------------------------- HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - ------------------------------------------------------------------------------- 2 RIVERSOURCE EMERGING MARKETS BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6398-80 F (9/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE GLOBAL BOND FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) BONDS (97.9%)(c) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT AUSTRALIA (1.6%) Commonwealth Bank of Australia (European Monetary Unit) Sr Unsub 11-12-09 3.38% 570,000 $719,416 New South Wales Treasury (Australian Dollar) 03-01-08 8.00 6,280,000 4,940,958 Telstra 04-01-12 6.38 500,000 504,332 Western Australia Treasury (Australian Dollar) 10-16-06 5.50 2,600,000 1,991,216 ------------ Total 8,155,922 - ------------------------------------------------------------------------------- AUSTRIA (1.1%) Republic of Austria (European Monetary Unit) 01-15-10 5.50 3,900,000 5,278,249 - ------------------------------------------------------------------------------- BELGIUM (2.0%) Kingdom of Belgium (European Monetary Unit) 03-28-10 3.00 7,890,000 9,855,624 - ------------------------------------------------------------------------------- BRAZIL (0.2%) Federative Republic of Brazil 01-15-18 8.00 1,129,000 1,222,707 - ------------------------------------------------------------------------------- CANADA (3.0%) Aquila Canada Finance 06-15-11 7.75 70,000 72,800 Canadian Pacific Railway (Canadian Dollar) 06-15-10 4.90 380,000(d) 339,558 Govt of Canada (Canadian Dollar) 09-01-06 5.75 3,560,000 3,150,108 Province of British Columbia (Canadian Dollar) 08-23-10 6.38 5,500,000 5,224,781 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT CANADA (CONT.) Province of Ontario (Canadian Dollar) 03-08-14 5.00% 2,775,000 $2,524,090 Rogers Wireless Secured 03-01-14 6.38 145,000 139,200 Sun Media 02-15-13 7.63 100,000 101,250 TELUS 06-01-11 8.00 2,900,000 3,167,885 Videotron Ltee 01-15-14 6.88 180,000 171,900 ------------ Total 14,891,572 - ------------------------------------------------------------------------------- CZECHOSLOVAKIA FEDERATED REPUBLIC (0.3%) Republic of Czechoslovakia (Czech Crown) 06-16-13 3.70 28,500,000 1,267,654 - ------------------------------------------------------------------------------- DENMARK (0.5%) Realkredit Danmark (Danish Krone) 01-01-08 4.00 14,860,000 2,553,622 - ------------------------------------------------------------------------------- FRANCE (6.0%) Dexia Municipal Agency (European Monetary Unit) 09-03-07 4.25 510,000 656,605 Govt of France (European Monetary Unit) 04-25-12 5.00 7,520,000 10,217,438 04-25-13 4.00 7,835,000 10,130,835 10-25-16 5.00 6,525,000 9,067,105 ------------ Total 30,071,983 - ------------------------------------------------------------------------------- GERMANY (9.0%) Allgemeine Hypothekenbank Rheinboden (European Monetary Unit) 09-02-09 5.00 1,800,000(d) 2,376,659 Bayerische Landesbank (Japanese Yen) Sr Nts 04-22-13 1.40 301,000,000 2,576,891 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT GERMANY (CONT.) Bundesrepublik Deutschland (European Monetary Unit) 07-04-13 3.75% 10,120,000 $12,882,592 07-04-27 6.50 6,470,000 10,917,329 07-04-28 4.75 1,595,000 2,198,909 07-04-34 4.75 4,425,000 6,157,101 DEPFA Deutsche Pfandbriefbank (European Monetary Unit) 01-15-10 5.50 1,800,000 2,424,569 Deutsche Bank (European Monetary Unit) Sr Unsub 07-28-09 4.25 500,000 647,877 Landesbank Berlin Girozentrale (European Monetary Unit) 04-30-07 5.00 1,780,000 2,298,200 Rheinische Hypothekenbank (European Monetary Unit) 07-05-10 5.75 1,825,000 2,494,110 ------------ Total 44,974,237 - ------------------------------------------------------------------------------- GREECE (2.4%) Hellenic Republic (European Monetary Unit) 04-19-07 4.65 5,070,000 6,530,682 10-22-22 5.90 3,540,000 5,292,815 ------------ Total 11,823,497 - ------------------------------------------------------------------------------- IRELAND (2.4%) Irish Govt (European Monetary Unit) 10-18-07 4.25 9,410,000 12,130,459 - ------------------------------------------------------------------------------- ITALY (4.4%) Buoni Poliennali Del Tesoro (European Monetary Unit) 11-01-07 6.00 11,435,000 15,046,288 11-01-26 7.25 2,871,283 5,012,937 Telecom Italia Capital 10-01-15 5.25 735,000 675,635 11-15-33 6.38 1,705,000 1,579,722 ------------ Total 22,314,582 - ------------------------------------------------------------------------------- See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT JAPAN (10.0%) Development Bank of Japan (Japanese Yen) 06-20-12 1.40% 585,000,000 $5,047,504 Govt of Japan (Japanese Yen) 12-21-09 1.70 2,139,000,000 19,021,222 09-20-10 0.80 862,000,000 7,378,785 06-20-12 1.40 700,000,000 6,059,286 12-20-12 1.00 1,227,000,000 10,305,965 12-20-14 1.30 247,000,000 2,062,426 12-20-34 2.40 61,000,000 514,982 ------------ Total 50,390,170 - ------------------------------------------------------------------------------- MALAYSIA (0.3%) Petronas Capital 05-22-12 7.00 1,500,000(d) 1,590,702 - ------------------------------------------------------------------------------- MEXICO (0.8%) Mexican Fixed Rate (Mexican Peso) 12-24-09 9.00 16,000,000 1,513,500 12-20-12 9.00 25,870,000 2,449,972 United Mexican States 09-27-34 6.75 270,000 274,995 ------------ Total 4,238,467 - ------------------------------------------------------------------------------- NETHERLANDS (3.0%) Bank Nederlandse Gemeenten (British Pound) Sr Unsub 08-06-07 7.38 1,160,000 2,216,023 Govt of Netherlands (European Monetary Unit) 01-15-08 2.50 7,670,000 9,660,014 07-15-12 5.00 2,365,000 3,215,819 ------------ Total 15,091,856 - ------------------------------------------------------------------------------- NEW ZEALAND (1.0%) Govt of New Zealand (New Zealand Dollar) 11-15-06 8.00 8,060,000 4,989,995 - ------------------------------------------------------------------------------- NORWAY (1.4%) Govt of Norway (Norwegian Krone) 05-16-11 6.00 39,000,000 6,853,687 - ------------------------------------------------------------------------------- POLAND (1.5%) Republic of Poland (Polish Zloty) 03-24-10 5.75 22,305,000 7,315,895 - ------------------------------------------------------------------------------- SOUTH AFRICA (0.3%) Republic of South Africa (South African Rand) 08-31-10 13.00 10,357,500 1,720,411 - ------------------------------------------------------------------------------- SOUTH KOREA (0.1%) Korea Development Bank (Japanese Yen) 06-25-08 0.98 70,000,000 609,499 - ------------------------------------------------------------------------------- BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT SPAIN (3.1%) Caja de Ahorros y Monte de Piedad de Madrid (European Monetary Unit) 03-25-11 3.50% 2,400,000 $3,013,212 Govt of Spain (European Monetary Unit) 07-30-09 5.15 9,320,000 12,418,524 ------------ Total 15,431,736 - ------------------------------------------------------------------------------- SUPRA-NATIONAL (1.0%) European Investment Bank (British Pound) 12-07-11 5.50 2,510,000 4,802,361 - ------------------------------------------------------------------------------- SWEDEN (0.5%) Govt of Sweden (Swedish Krona) 03-15-11 5.25 18,620,000 2,758,327 - ------------------------------------------------------------------------------- UNITED KINGDOM (4.6%) BT Group 12-15-10 8.38 550,000 608,897 HBOS Treasury Services (European Monetary Unit) 02-12-09 3.50 1,600,000 2,035,637 United Kingdom Treasury (British Pound) 03-07-12 5.00 5,890,000 11,180,669 09-07-14 5.00 4,930,000 9,432,939 ------------ Total 23,258,142 - ------------------------------------------------------------------------------- UNITED STATES (37.4%) Aesop Funding II LLC Series 2004-2A Cl A1 (FGIC) 04-20-08 2.76 500,000(d,j) 492,901 Airgas 10-01-11 9.13 195,000 203,288 American Tower Sr Nts 10-15-12 7.13 35,000 35,175 AmeriCredit Automobile Receivables Trust Series 2005-DA Cl A3 12-06-10 4.87 525,000 520,734 AmeriCredit Automobile Receivables Trust Series 2006-AF Cl A4 (FSA) 09-06-13 5.64 825,000(j) 825,000 ANR Pipeline 03-15-10 8.88 45,000 47,554 ARG Funding Series 2005-1A Cl A3 (MBIA) 04-20-11 4.29 1,250,000(d,j) 1,202,624 Avis Budget Car Rental LLC/Finance Sr Nts 05-15-14 7.63 25,000(d) 24,500 Banc of America Commercial Mtge Series 2005-1 Cl A4 11-10-42 5.04 750,000(f) 732,604 Banc of America Commercial Mtge Series 2005-6 Cl A4 09-10-47 5.35 1,400,000(f) 1,355,745 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Banc of America Commercial Mtge Series 2006-2 Cl AAB 05-10-45 5.91% $950,000(f) $957,904 Banc of America Large Loan Series 2005-BOCA Cl A1 12-15-16 5.49 637,775(d,e,f,) 637,767 Banc of America Large Loan Series 2005-BOCA Cl A2 12-15-16 5.54 1,950,000(d,e,f,) 1,950,340 Banc of America Large Loan Series 2006-LAQ Cl E 02-09-21 5.73 575,000(d,e,f,) 577,499 Banc of America Large Loan Series 2006-LAQ Cl F 02-09-21 5.78 625,000(d,e,f,) 627,208 Banc of America Large Loan Series 2006-LAQ Cl G 02-09-21 5.88 450,000(d,e,f,) 450,860 Bear Stearns Commercial Mtge Securities Series 2003-T10 Cl A1 03-13-40 4.00 567,583(f) 542,683 Bear Stearns Commercial Mtge Securities Series 2005-PW10 Cl A4 12-11-40 5.41 900,000(f) 880,627 Bear Stearns Commercial Mtge Securities Series 2005-T20 Cl E 10-12-42 5.30 500,000(f) 472,520 Cadbury Schweppes US Finance LLC 10-01-08 3.88 1,090,000(d) 1,051,235 10-01-13 5.13 200,000(d) 189,120 California State Teachers' Retirement System Trust Series 2002-C6 Cl A3 11-20-14 4.46 1,860,995(d,f) 1,812,850 Capital Auto Receivables Asset Trust Series 2004-1 Cl CTFS 09-15-10 2.84 700,000 681,822 Cardinal Health 06-15-15 4.00 905,000 777,385 CDC Commercial Mtge Trust Series 2002-FX1 Cl A2 11-15-30 5.68 1,100,000(f) 1,107,774 Chemtura 06-01-16 6.88 180,000 173,700 Citigroup Commercial Mtge Trust Series 2005-EMG Cl A1 09-20-51 4.15 1,303,288(d,f) 1,272,209 Citigroup (European Monetary Unit) Sr Nts 05-21-10 3.88 2,600,000 3,318,345 CMS Energy Sr Nts 01-15-09 7.50 140,000 142,450 Colorado Interstate Gas Sr Nts 03-15-15 5.95 35,000 32,289 11-15-15 6.80 200,000 194,766 Comcast Cable Communications Holdings 03-15-13 8.38 106,000 118,719 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Commercial Mtge Pass-Through Ctfs Series 2006-CN2A Cl BFL 02-05-19 5.64% $400,000(d,e,f) $402,254 Cott Beverages USA 12-15-11 8.00 305,000 308,050 Countrywide Alternative Loan Trust Collateralized Mtge Obligation Series 2005-64CB Cl 1A1 12-25-35 5.50 2,062,193(f) 2,055,329 Countrywide Alternative Loan Trust Collateralized Mtge Obligation Series 2005-6CB Cl 1A1 04-25-35 7.50 1,118,892(f) 1,149,043 Countrywide Alternative Loan Trust Collateralized Mtge Obligation Series 2006-22R Cl 1A2 05-25-36 6.00 1,880,000(f) 1,891,332 Credit Suisse Mtge Capital Ctfs Series 2006-C2 Cl A3 03-15-39 5.85 900,000(f) 900,315 CS First Boston Mtge Securities Series 2002-CKS4 Cl A1 11-15-36 4.49 1,071,620(f) 1,043,157 DaimlerChrysler NA Holding (European Monetary Unit) 01-16-07 5.63 670,000 863,581 Denbury Resources Sr Sub Nts 12-15-15 7.50 20,000 20,000 Devon Financing 09-30-11 6.88 1,025,000 1,076,748 Dex Media West LLC/Finance Sr Nts Series B 08-15-10 8.50 85,000 87,338 DRS Technologies 02-01-16 6.63 190,000 182,875 Dunkin Securitization Series 2006-1 Cl A2 (AMBAC) 06-20-31 5.78 1,000,000(d,j) 1,001,356 Dynegy Holdings 05-15-18 7.13 20,000 17,500 Dynegy Holdings Sr Unsecured 05-01-16 8.38 70,000(d) 68,775 Edison Mission Energy Sr Nts 06-15-13 7.50 120,000(d) 118,500 Erac USA Finance 11-01-16 6.20 1,245,000(d) 1,240,410 EXCO Resources 01-15-11 7.25 260,000 253,500 Federal Home Loan Mtge Corp 07-12-10 4.13 6,816,000 6,541,676 Federal Home Loan Mtge Corp #A11799 08-01-33 6.50 236,827(f) 240,415 Federal Home Loan Mtge Corp #A15881 11-01-33 5.00 1,354,970(f) 1,287,905 Federal Home Loan Mtge Corp #E91486 09-01-17 6.50 406,241(f) 411,974 Federal Home Loan Mtge Corp #E99684 10-01-18 5.00 735,464(f) 715,004 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Federal Home Loan Mtge Corp #G01535 04-01-33 6.00% $1,753,942(f) $1,756,516 Federal Home Loan Mtge Corp (European Monetary Unit) 02-15-07 4.63 3,200,000 4,114,620 Federal Natl Mtge Assn #254632 02-01-18 5.50 1,654,920(f) 1,641,863 Federal Natl Mtge Assn #254686 04-01-18 5.50 1,868,510(f) 1,853,541 Federal Natl Mtge Assn #254722 05-01-18 5.50 975,685(f) 967,868 Federal Natl Mtge Assn #360800 01-01-09 5.74 1,161,730(f) 1,162,558 Federal Natl Mtge Assn #545874 08-01-32 6.50 277,522(f) 282,409 Federal Natl Mtge Assn #555528 04-01-33 6.00 1,336,134(f) 1,332,990 Federal Natl Mtge Assn #555734 07-01-23 5.00 1,026,027(f) 986,863 Federal Natl Mtge Assn #555740 08-01-18 4.50 1,647,935(f) 1,580,408 Federal Natl Mtge Assn #555851 01-01-33 6.50 1,629,114(f) 1,655,363 Federal Natl Mtge Assn #575487 04-01-17 6.50 850,340(f) 865,352 Federal Natl Mtge Assn #621581 12-01-31 6.50 333,209(f) 339,988 Federal Natl Mtge Assn #633966 03-01-17 6.00 227,077(f) 229,238 Federal Natl Mtge Assn #634749 03-01-17 5.50 883,741(f) 877,423 Federal Natl Mtge Assn #640996 05-01-32 7.50 582,963(f) 602,724 Federal Natl Mtge Assn #643381 06-01-17 6.00 550,417(f) 555,657 Federal Natl Mtge Assn #645053 05-01-32 7.00 1,086,604(f) 1,115,933 Federal Natl Mtge Assn #646147 06-01-32 7.00 447,176(f) 461,409 Federal Natl Mtge Assn #652284 08-01-32 6.50 454,298(f) 461,496 Federal Natl Mtge Assn #653145 07-01-17 6.00 309,976(f) 313,286 Federal Natl Mtge Assn #653730 09-01-32 6.50 241,287(f) 245,663 Federal Natl Mtge Assn #655589 08-01-32 6.50 1,785,214(f) 1,821,150 Federal Natl Mtge Assn #666424 08-01-32 6.50 286,360(f) 290,897 Federal Natl Mtge Assn #670461 11-01-32 7.50 404,954(f) 418,680 Federal Natl Mtge Assn #684595 03-01-33 6.00 1,904,348(f) 1,899,867 Federal Natl Mtge Assn #688034 03-01-33 5.50 591,081(f) 577,194 Federal Natl Mtge Assn #688691 03-01-33 5.50 976,289(f) 952,352 Federal Natl Mtge Assn #703818 05-01-33 6.00 478,187(f) 477,842 Federal Natl Mtge Assn #711503 06-01-33 5.50 1,342,497(f) 1,314,572 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Federal Natl Mtge Assn #735029 09-01-13 5.28% $857,771(f) $846,480 Federal Natl Mtge Assn #741850 09-01-33 5.50 2,221,409(f) 2,166,942 Federal Natl Mtge Assn #753507 12-01-18 5.00 3,048,478(f) 2,971,077 Federal Natl Mtge Assn #755498 11-01-18 5.50 1,422,494(f) 1,411,584 Federal Natl Mtge Assn #756236 01-01-34 6.00 4,926,980(f) 4,925,543 Federal Natl Mtge Assn #756788 11-01-33 6.50 223,225(f) 226,719 Federal Natl Mtge Assn #757299 09-01-19 4.50 2,922,896(f) 2,795,688 Federal Natl Mtge Assn #759336 01-01-34 6.00 4,901,896(f) 4,900,088 Federal Natl Mtge Assn #886292 07-01-36 7.00 5,000,000(f) 5,127,929 GE Capital Commercial Mtge Series 2005-C3 Cl A1 07-10-45 4.59 994,098(f) 973,367 General Electric Capital Assurance Series 2003-1 Cl A3 05-12-35 4.77 1,800,000(d,f) 1,746,152 General Electric Capital (European Monetary Unit) Sr Unsub 06-20-07 5.13 500,000 646,891 General Electric Capital (New Zealand Dollar) 02-04-10 6.63 3,530,000 2,157,827 Genworth Financial (Japanese Yen) 06-20-11 1.60 130,000,000 1,114,425 Georgia Gulf Sr Nts 12-15-13 7.13 30,000 28,650 Georgia-Pacific 06-15-15 7.70 100,000 95,750 GMAC Commercial Mtge Securities Series 2005-C1 Cl A1 05-10-43 4.21 741,720(f) 722,708 GMAC LLC 09-15-11 6.88 135,000 130,720 Govt Natl Mtge Assn #604708 10-15-33 5.50 1,222,660(f) 1,198,518 Govt Natl Mtge Assn Collateralized Mtge Obligation Interest Only Series 2002-80 01-20-32 11.05 1,064,602(f,h) 134,022 Greenwich Capital Commercial Funding Series 2004-GG1 Cl A5 06-10-36 4.88 500,000(f) 486,947 Greenwich Capital Commercial Funding Series 2006-GG7 Cl A4 07-10-38 6.11 350,000 351,750 Greenwich Capital Commercial Funding Series 2006-GG7 Cl AAB 07-10-38 6.11 350,000 352,406 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 3 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) GS Mtge Securities II Series 2004-GG2 Cl A4 08-10-38 4.96% $950,000(f) $927,767 Hertz Vehicle Financing LLC Series 2004-1A Cl A3 (MBIA) 05-25-09 2.85 400,000(d) 384,657 Intl Paper (European Monetary Unit) 08-11-06 5.38 505,000 645,414 IPALCO Enterprises Secured 11-14-08 8.38 250,000 257,500 ITT 11-15-15 7.38 125,000 128,438 JPMorgan Chase Commercial Mtge Securities Series 2002-CIB5 Cl A1 10-12-37 4.37 1,061,890(f) 1,035,179 JPMorgan Chase Commercial Mtge Securities Series 2003-CB6 Cl A2 07-12-37 5.26 900,000(f) 879,361 JPMorgan Chase Commercial Mtge Securities Series 2003-LN1 Cl A1 10-15-37 4.13 385,444(f) 368,542 JPMorgan Chase Commercial Mtge Securities Series 2003-ML1A Cl A1 03-12-39 3.97 396,036(f) 380,974 JPMorgan Chase Commercial Mtge Securities Series 2006-LDP6 Cl ASB 04-15-43 5.49 1,150,000 1,136,788 Kraft Foods Sr Unsecured 11-01-11 5.63 2,765,000 2,745,065 L-3 Communications 06-15-12 7.63 80,000 81,000 L-3 Communications Sr Sub Nts Series B 10-15-15 6.38 160,000 153,600 LaBranche & Co Sr Nts 05-15-12 11.00 160,000 170,400 Lamar Media 01-01-13 7.25 50,000 49,125 08-15-15 6.63 115,000 106,806 LB-UBS Commercial Mtge Trust Series 2004-C2 Cl A3 03-15-29 3.97 750,000(f) 694,425 LB-UBS Commercial Mtge Trust Series 2004-C8 Cl A2 12-15-29 4.20 1,300,000(f) 1,250,184 LB-UBS Commercial Mtge Trust Series 2005-C5 Cl A2 09-15-30 4.89 1,075,000(f) 1,049,974 LB-UBS Commercial Mtge Trust Series 2005-C5 Cl AAB 09-15-30 4.93 1,375,000(f) 1,323,974 LB-UBS Commercial Mtge Trust Series 2006-C4 Cl AAB 06-15-32 6.07 750,000(f) 763,108 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Long Beach Auto Receivables Trust Series 2004-C Cl A3 (FSA) 09-15-09 3.40% $568,317(j) $564,344 Merrill Lynch Mtge Trust Series 2005-MCP1 Cl A1 06-12-43 4.22 960,788(f) 938,257 Merrill Lynch Mtge Trust Series 2006-C1 Cl A4 05-12-39 5.84 650,000(f) 650,652 MGM MIRAGE 10-01-09 6.00 45,000 43,650 MGM MIRAGE Sr Nts 02-27-14 5.88 150,000 136,500 Midwest Generation LLC Series B 01-02-16 8.56 28,383 29,838 Mohegan Tribal Gaming Authority 02-15-15 6.88 65,000 61,750 Mohegan Tribal Gaming Authority Sr Nts 02-15-13 6.13 45,000 42,750 Mohegan Tribal Gaming Authority Sr Sub Nts 04-01-12 8.00 75,000 76,500 Morgan Stanley Capital I Series 2003-T11 Cl A2 06-13-41 4.34 775,000(f) 750,551 Morgan Stanley Capital I Series 2004-HQ4 Cl A5 04-14-40 4.59 750,000(f) 714,758 Morgan Stanley Capital I Series 2005-IQ10 Cl A4A 09-15-42 5.23 1,075,000(f) 1,038,762 Morgan Stanley Capital I Series 2006-T23 Cl AAB 08-12-41 5.97 575,000(g) 579,313 Morgan Stanley Capital I Series 2006-XLF Cl A2 07-15-19 5.53 1,150,000(d,e,f,g) 1,150,000 Morgan Stanley Dean Witter Capital I Series 2002-TOP7 Cl A2 01-15-39 5.98 1,400,000(f) 1,426,060 News America 12-15-35 6.40 1,095,000 1,029,459 Nextel Communications Sr Nts Series F 03-15-14 5.95 130,000 125,981 NRG Energy 02-01-14 7.25 165,000 161,494 Omnicare Sr Sub Nts 12-15-13 6.75 235,000 226,481 12-15-15 6.88 120,000 115,800 Overseas Private Investment U.S. Govt Guaranty Series 1996A 09-15-08 6.99 2,083,333 2,124,208 Pioneer Natural Resources 05-01-18 6.88 460,000 448,514 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Pioneer Natural Resources Sr Nts 07-15-16 5.88% $270,000 $247,771 Pokagon Gaming Authority Sr Nts 06-15-14 10.38 40,000(d) 41,800 Popular ABS Mtge Pass-Through Trust Series 2005-A Cl AF2 06-25-35 4.49 615,000 603,790 Pride Intl Sr Nts 07-15-14 7.38 30,000 30,300 Prudential Commercial Mtge Trust Series 2003-PWR1 Cl A1 02-11-36 3.67 822,308(f) 782,031 Prudential Financial 09-20-14 5.10 945,000 896,837 Qwest 03-15-12 8.88 130,000 140,075 Range Resources 03-15-15 6.38 70,000 66,325 Renaissance Home Equity Loan Trust Series 2005-4 Cl A3 02-25-36 5.57 800,000 794,848 Residential Capital Sr Unsecured 06-30-10 6.38 1,175,000 1,171,043 Southern Star Central 03-01-16 6.75 205,000(d) 200,131 Stone Energy Sr Nts 07-15-10 8.24 150,000(d,e) 150,000 Toyota Motor Credit (Japanese Yen) Sr Unsub 06-09-08 .75 297,000,000 2,586,399 Transcontinental Gas Pipe Line Sr Nts 04-15-16 6.40 154,000(d) 148,225 Triad Hospitals Sr Nts 05-15-12 7.00 115,000 114,281 Triad Hospitals Sr Sub Nts 11-15-13 7.00 140,000 133,700 U.S. Treasury 11-30-07 4.25 2,000,000 1,979,296 02-15-08 3.38 775,000 756,049 05-15-09 4.88 4,255,000 4,249,349 05-31-11 4.88 2,384,000 2,379,344 07-31-11 4.88 3,125,000(g) 3,120,606 05-15-16 5.13 645,000 651,702 08-15-23 6.25 4,985,000(i) 5,582,034 02-15-26 6.00 4,710,000(i) 5,185,046 U.S. Treasury Inflation-Indexed Bond 01-15-07 3.38 2,555,840(l) 2,559,934 United Auto Group 03-15-12 9.63 130,000 135,525 UnitedHealth Group Sr Unsecured 03-15-15 4.88 790,000 735,356 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 4 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Valor Telecommunications Enterprises LLC/Finance 02-15-15 7.75% $35,000 $36,575 Verizon Pennsylvania Series A 11-15-11 5.65 7,560,000(i) 7,409,479 Wachovia Bank Commercial Mtge Trust Series 2003-C8 Cl A2 11-15-35 3.89 1,250,000(f) 1,207,100 Wachovia Bank Commercial Mtge Trust Series 2005-C20 Cl A5 07-15-42 5.09 800,000(f) 783,196 Wachovia Bank Commercial Mtge Trust Series 2006-C24 Cl APB 03-15-45 5.58 775,000(f) 770,840 Wachovia Bank Commercial Mtge Trust Series 2006-C25 Cl APB2 05-15-43 5.95 750,000(f) 755,843 BONDS (CONTINUED) ISSUER COUPON PRINCIPAL VALUE(a) RATE AMOUNT UNITED STATES (CONT.) Washington Mutual Collateralized Mtge Obligation Series 2005-AR17 Cl A1C1 12-25-45 5.57% $883,988(f,k) $884,485 Williams Companies Sr Nts 07-15-19 7.63 426,000 430,260 Windstream Sr Nts 08-01-16 8.63 385,000(d) 400,400 XTO Energy 01-31-15 5.00 730,000 677,843 ------------ Total 187,720,860 - ------------------------------------------------------------------------------- TOTAL BONDS (Cost: $480,666,060) $491,312,216 - ------------------------------------------------------------------------------- SHORT-TERM SECURITIES (1.3%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Park Granada LLC 08-01-06 5.34% $6,700,000(b) $6,699,006 - ------------------------------------------------------------------------------- TOTAL SHORT-TERM SECURITIES (Cost: $6,700,000) $6,699,006 - ------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $487,366,060)(m) $498,011,222 =============================================================================== NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2006. (b) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $6,699,006 or 1.3% of net assets. (c) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. (d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $21,648,692 or 4.3% of net assets. (e) Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2006. (f) Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates. (g) At July 31, 2006, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $4,848,478. (h) Interest only represents securities that entitle holders to receive only interest payments on the underlying mortgages. The yield to maturity of an interest only is extremely sensitive to the rate of principal payments on the underlying mortgage assets. A rapid (slow) rate of principal repayments may have an adverse (positive) effect on yield to maturity. The principal amount shown is the notional amount of the underlying mortgages. Interest rate disclosed represents yield based upon the estimated timing and amount of future cash flows at July 31, 2006. (i) Partially pledged as initial deposit on the following open interest rate futures contracts: TYPE OF SECURITY NOTIONAL AMOUNT ------------------------------------------------------------------------- PURCHASE CONTRACTS Euro-Bund, Sept. 2006, 10-year $ 2,100,000 U.S. Long Bond, Sept. 2006, 20-year 4,900,000 U.S. Treasury Note, Sept. 2006, 2-year 45,600,000 SALE CONTRACTS U.S. Treasury Note, Sept. 2006, 10-year 2,800,000 (j) The following abbreviations are used in the portfolio security descriptions to identify the insurer of the issue: AMBAC -- Ambac Assurance Corporation FGIC -- Financial Guaranty Insurance Company FSA -- Financial Security Assurance MBIA -- MBIA Insurance Corporation - -------------------------------------------------------------------------------- 5 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (CONTINUED) (k) Adjustable rate mortgage; interest rate varies to reflect current market conditions; rate shown is the effective rate on July 31, 2006. (l) Inflation-indexed bonds are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount. (m) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $487,366,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $20,033,000 Unrealized depreciation (9,388,000) --------------------------------------------------------------------------- Net unrealized appreciation $10,645,000 --------------------------------------------------------------------------- HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 6 RIVERSOURCE GLOBAL BOND FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6309-80 F (9/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE GLOBAL EQUITY FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (99.3%)(c) ISSUER SHARES VALUE(a) AUSTRALIA (1.0%) BIOTECHNOLOGY (0.5%) CSL 94,422 $3,815,760 - -------------------------------------------------------------------------------- METALS & MINING (0.5%) Zinifex 429,734 3,473,262 - -------------------------------------------------------------------------------- BERMUDA (1.2%) INSURANCE (0.9%) PartnerRe 109,862 6,825,726 - -------------------------------------------------------------------------------- MACHINERY (0.3%) Ingersoll-Rand Cl A 51,502 1,843,772 - -------------------------------------------------------------------------------- BRAZIL (1.2%) METALS & MINING (0.7%) Cia Vale do Rio Doce ADR 251,896 5,012,730 - -------------------------------------------------------------------------------- OIL, GAS & CONSUMABLE FUELS (0.5%) Petroleo Brasileiro ADR 35,629 3,273,593 - -------------------------------------------------------------------------------- CHINA (0.6%) ELECTRICAL EQUIPMENT Harbin Power Equipment Cl H 3,790,000 4,224,173 - -------------------------------------------------------------------------------- FRANCE (3.9%) AUTOMOBILES (1.2%) Renault 77,602 8,479,810 - -------------------------------------------------------------------------------- COMMERCIAL BANKS (1.4%) BNP Paribas 37,635 3,663,026 Societe Generale 36,688 5,473,436 ----------- Total 9,136,462 - -------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT (0.7%) Schneider Electric 48,150 4,950,913 - -------------------------------------------------------------------------------- PHARMACEUTICALS (0.6%) Sanofi-Aventis 46,466 4,418,686 - -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) GERMANY (4.2%) ELECTRIC UTILITIES (0.6%) E.ON 31,946 $3,851,143 - -------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES (0.7%) Fresenius Medical Care & Co 40,551 4,858,448 - -------------------------------------------------------------------------------- MULTI-UTILITIES (0.5%) RWE 43,265 3,800,396 - -------------------------------------------------------------------------------- SOFTWARE (1.1%) SAP 42,649 7,804,718 - -------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE (1.3%) Hypo Real Estate Holding 165,000 9,176,256 - -------------------------------------------------------------------------------- GREECE (1.2%) CONSTRUCTION MATERIALS TITAN Cement 167,984 8,196,424 - -------------------------------------------------------------------------------- HONG KONG (2.2%) REAL ESTATE MANAGEMENT & DEVELOPMENT (1.2%) China Overseas Land & Investment 5,294,000 3,100,130 Hang Lung Properties 2,776,000 5,480,616 ----------- Total 8,580,746 - -------------------------------------------------------------------------------- SPECIALTY RETAIL (1.0%) Esprit Holdings 872,500 6,636,475 - -------------------------------------------------------------------------------- JAPAN (16.2%) AUTOMOBILES (1.1%) Honda Motor 221,400 7,300,174 - -------------------------------------------------------------------------------- CAPITAL MARKETS (2.0%) Nomura Holdings 419,400 7,444,862 Tokai Tokyo Securities 1,230,000 6,437,544 ----------- Total 13,882,406 - -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) JAPAN (CONT.) COMMERCIAL BANKS (3.5%) Mitsubishi UFJ Financial Group 899 $12,703,943 Mizuho Financial Group 1,493 12,541,513 ----------- Total 25,245,456 - -------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS (0.6%) Hoya 119,100 4,166,007 - -------------------------------------------------------------------------------- FOOD & STAPLES RETAILING (0.6%) Seven & I Holdings 112,900 3,939,288 - -------------------------------------------------------------------------------- HOUSEHOLD DURABLES (2.4%) Daito Trust Construction 136,300 7,407,092 Daiwa House Industry 312,000 5,083,880 GOLDCREST 81,340 3,902,390 ----------- Total 16,393,362 - -------------------------------------------------------------------------------- INSURANCE (2.0%) T&D Holdings 174,450 13,862,870 - -------------------------------------------------------------------------------- MACHINERY (1.1%) AMADA 713,000 7,569,095 - -------------------------------------------------------------------------------- OFFICE ELECTRONICS (1.0%) Canon 149,700 7,195,106 - -------------------------------------------------------------------------------- REAL ESTATE MANAGEMENT & DEVELOPMENT (1.7%) Mitsubishi Estate 221,000 4,578,463 Mitsui Fudosan 330,000 7,009,334 ----------- Total 11,587,797 - -------------------------------------------------------------------------------- TRANSPORTATION INFRASTRUCTURE (0.2%) Kamigumi 211,000 1,542,376 - -------------------------------------------------------------------------------- NETHERLANDS (1.7%) DIVERSIFIED FINANCIAL SERVICES (1.0%) ING Groep 184,072 7,471,964 - -------------------------------------------------------------------------------- FOOD PRODUCTS (0.7%) Royal Numico 95,878 4,599,787 - -------------------------------------------------------------------------------- See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE GLOBAL EQUITY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) NORWAY (1.7%) COMMERCIAL BANKS (0.9%) DNB NOR 506,100 $6,415,700 - -------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES (0.8%) TGS NOPEC Geophysical 301,720(b) 5,344,951 - -------------------------------------------------------------------------------- RUSSIA (0.4%) OIL, GAS & CONSUMABLE FUELS Gazprom ADR 59,534 2,481,377 - -------------------------------------------------------------------------------- SOUTH AFRICA (1.8%) FOOD & STAPLES RETAILING (0.5%) Massmart Holdings 485,061 3,330,500 - -------------------------------------------------------------------------------- METALS & MINING (0.5%) Anglo American 90,675 3,785,259 - -------------------------------------------------------------------------------- SPECIALTY RETAIL (0.8%) Truworths Intl 1,593,133 5,181,482 - -------------------------------------------------------------------------------- SOUTH KOREA (4.1%) COMMERCIAL BANKS (1.6%) Kookmin Bank 61,470 5,367,041 Shinhan Financial Group 121,220 5,964,552 ----------- Total 11,331,593 - -------------------------------------------------------------------------------- MACHINERY (0.8%) Hyundai Heavy Inds 46,140 5,458,354 - -------------------------------------------------------------------------------- METALS & MINING (1.1%) POSCO 31,631 7,715,686 - -------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (0.6%) Hynix Semiconductor GDR 118,904(b,d,f) 4,043,509 - -------------------------------------------------------------------------------- SPAIN (1.2%) PHARMACEUTICALS (0.6%) Grifols 500,000(b) 4,304,503 - -------------------------------------------------------------------------------- SPECIALTY RETAIL (0.6%) Inditex 95,648 4,155,044 - -------------------------------------------------------------------------------- SWEDEN (1.2%) COMMUNICATIONS EQUIPMENT (0.5%) Telefonaktiebolaget LM Ericsson Series B 1,000,000 3,150,983 - -------------------------------------------------------------------------------- MACHINERY (0.7%) Atlas Copco Series A 195,200 4,863,675 - -------------------------------------------------------------------------------- SWITZERLAND (4.8%) CAPITAL MARKETS (1.7%) UBS 218,854 11,905,643 - -------------------------------------------------------------------------------- CHEMICALS (0.7%) Syngenta 36,038(b) 5,180,078 - -------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES (0.4%) Nobel Biocare Holding 11,707 2,772,886 - -------------------------------------------------------------------------------- PHARMACEUTICALS (2.0%) Roche Holding 76,904 13,684,875 - -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) TAIWAN (1.1%) SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT Taiwan Semiconductor Mfg 1,750,982 $2,933,650 Taiwan Semiconductor Mfg ADR 568,598 4,929,744 ----------- Total 7,863,394 - -------------------------------------------------------------------------------- UNITED KINGDOM (8.6%) CAPITAL MARKETS (0.4%) 3i Group 152,537 2,643,953 - -------------------------------------------------------------------------------- COMMERCIAL BANKS (1.3%) HSBC Holdings 290,800 5,243,450 Standard Chartered 145,824 3,687,892 ----------- Total 8,931,342 - -------------------------------------------------------------------------------- ELECTRIC UTILITIES (0.6%) British Energy Group 302,102(b) 4,141,715 - -------------------------------------------------------------------------------- FOOD & STAPLES RETAILING (1.2%) Tesco 1,208,927 8,117,635 - -------------------------------------------------------------------------------- INDEPENDENT POWER PRODUCERS & ENERGY TRADERS (1.4%) Drax Group 593,287(b) 9,906,789 - -------------------------------------------------------------------------------- METALS & MINING (1.0%) BHP Billiton 360,726 6,831,970 - -------------------------------------------------------------------------------- OIL, GAS & CONSUMABLE FUELS (1.4%) BG Group 568,138 7,640,414 BP 252,672 3,044,019 ----------- Total 10,684,433 - -------------------------------------------------------------------------------- PHARMACEUTICALS (0.4%) AstraZeneca 43,713 2,669,046 - -------------------------------------------------------------------------------- SPECIALTY RETAIL (0.9%) Carphone Warehouse Group 1,166,463 5,996,928 - -------------------------------------------------------------------------------- UNITED STATES (40.9%) AEROSPACE & DEFENSE (1.1%) United Technologies 117,435 7,303,283 - -------------------------------------------------------------------------------- BEVERAGES (1.9%) Coca-Cola 125,018 5,563,301 PepsiCo 122,601 7,770,451 ----------- Total 13,333,752 - -------------------------------------------------------------------------------- BIOTECHNOLOGY (1.4%) Amgen 67,935(b) 4,737,787 Myogen 163,575(b) 5,047,924 ----------- Total 9,785,711 - -------------------------------------------------------------------------------- CAPITAL MARKETS (1.1%) E*TRADE Financial 329,458(b) 7,679,666 - -------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT (0.9%) Cisco Systems 366,858(b) 6,548,416 - -------------------------------------------------------------------------------- CONSUMER FINANCE (1.0%) American Express 131,833 6,863,226 - -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) UNITED STATES (CONT.) DIVERSIFIED FINANCIAL SERVICES (2.9%) Bank of America 234,379 $12,077,550 CIT Group 65,572 3,010,411 Citigroup 106,497 5,144,870 ------------ Total 20,232,831 - -------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES (0.8%) Weatherford Intl 112,580(b) 5,273,247 - -------------------------------------------------------------------------------- FOOD & STAPLES RETAILING (0.5%) CVS 106,903 3,497,866 - -------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES (1.1%) Biomet 50,000 1,647,000 St. Jude Medical 167,569(b) 6,183,296 ----------- Total 7,830,296 - -------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES (1.6%) WellPoint 152,136(b) 11,334,132 - -------------------------------------------------------------------------------- HOUSEHOLD DURABLES (1.0%) DR Horton 320,766 6,874,015 - -------------------------------------------------------------------------------- INSURANCE (0.7%) Genworth Financial Cl A 147,682 5,065,493 - -------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES (1.4%) Google Cl A 25,285(b) 9,775,181 - -------------------------------------------------------------------------------- LIFE SCIENCES TOOLS & SERVICES (0.7%) Thermo Electron 123,238(b) 4,561,038 - -------------------------------------------------------------------------------- MACHINERY (1.4%) Caterpillar 94,837 6,721,097 Illinois Tool Works 58,704 2,684,534 ----------- Total 9,405,631 - -------------------------------------------------------------------------------- MEDIA (2.4%) Clear Channel Communications 147,376 4,266,535 Comcast Cl A 187,243(b) 6,437,415 RH Donnelley 111,587 5,825,957 ----------- Total 16,529,907 - -------------------------------------------------------------------------------- OIL, GAS & CONSUMABLE FUELS (6.9%) Arch Coal 173,915 6,598,335 EOG Resources 106,765 7,916,625 Marathon Oil 86,080 7,802,291 Occidental Petroleum 88,729 9,560,550 Ultra Petroleum 113,534(b) 6,648,551 Valero Energy 146,109 9,852,129 ----------- Total 48,378,481 - -------------------------------------------------------------------------------- PHARMACEUTICALS (3.5%) Johnson & Johnson 112,352 7,027,618 MGI PHARMA 260,624(b) 3,807,717 Pfizer 340,088 8,838,887 Wyeth 102,010 4,944,425 ----------- Total 24,618,647 - -------------------------------------------------------------------------------- REAL ESTATE MANAGEMENT & DEVELOPMENT (0.7%) CB Richard Ellis Group Cl A 140,394(b) 3,303,471 Jones Lang LaSalle 21,943 1,792,743 ----------- Total 5,096,214 - -------------------------------------------------------------------------------- See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 RIVERSOURCE GLOBAL EQUITY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) UNITED STATES (CONT.) ROAD & RAIL (0.5%) CSX 54,064 $3,280,604 - -------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (1.0%) Analog Devices 103,090 3,332,900 Freescale Semiconductor Cl A 123,265(b) 3,529,077 ----------- Total 6,861,977 - -------------------------------------------------------------------------------- SOFTWARE (0.6%) Microsoft 161,052 3,870,080 - -------------------------------------------------------------------------------- SPECIALTY RETAIL (2.5%) Abercrombie & Fitch Cl A 65,000 3,442,400 Home Depot 279,336 9,695,754 Staples 185,068 4,001,170 ----------- Total 17,139,324 - -------------------------------------------------------------------------------- TOBACCO (0.7%) Altria Group 57,485 4,597,075 - -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) UNITED STATES (CONT.) WIRELESS TELECOMMUNICATION SERVICES (2.6%) American Tower Cl A 306,517(b) $10,360,275 Leap Wireless Intl 175,067(b) 7,825,495 ----------- Total 18,185,770 - -------------------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $615,526,932) $689,930,347 - -------------------------------------------------------------------------------- OTHER (--%)(c) ISSUER SHARES VALUE(a) HONG KONG China Overseas Land & Investment Warrants 661,750(f) $66,431 - -------------------------------------------------------------------------------- TOTAL OTHER (Cost: $--) $66,431 - -------------------------------------------------------------------------------- SHORT-TERM SECURITIES (0.6%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Nieuw Amsterdam 08-01-06 5.32% $3,900,000(e) $3,899,424 - -------------------------------------------------------------------------------- TOTAL SHORT-TERM SECURITIES (Cost: $3,900,000) $3,899,424 - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $619,426,932)(g) $693,896,202 ================================================================================ See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 3 RIVERSOURCE GLOBAL EQUITY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. (d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $4,043,509 or 0.6% of net assets. (e) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $3,899,424 or 0.6% of net assets. (f) Identifies issues considered to be illiquid as to their marketability. These securities may be valued at fair value according to methods selected in good faith by the Fund's Board of Directors. Information concerning such security holdings at July 31, 2006, is as follows: SECURITY ACQUISITION COST DATES -------------------------------------------------------------------------- China Overseas Land & Investment Warrants 06-29-06 $ -- Hynix Semiconductor GDR* 06-26-06 thru 06-28-06 $3,560,186 * Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. (g) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $619,427,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 94,956,000 Unrealized depreciation (20,487,000) -------------------------------------------------------------------------- Net unrealized appreciation $ 74,469,000 -------------------------------------------------------------------------- The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 4 RIVERSOURCE GLOBAL EQUITY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6334-80 F (9/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE GLOBAL TECHNOLOGY FUND AT JULY 31, 2006 INVESTMENTS IN SECURITIES JULY 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (98.7%) ISSUER SHARES VALUE(a) COMMUNICATIONS EQUIPMENT (14.5%) Andrew 98,321(b) $830,812 Avocent 28,253(b) 722,712 Cisco Systems 325,672(b) 5,813,245 Corning 121,354(b) 2,314,221 Finisar 411,839(b) 1,153,149 Juniper Networks 51,646(b) 694,639 Lucent Technologies 750,694(b) 1,598,978 Motorola 198,742 4,523,368 Nortel Networks 1,096,237(b,c) 2,148,625 Sonus Networks 446,352(b) 1,999,657 ------------ Total 21,799,406 - ------------------------------------------------------------------------------ COMPUTERS & PERIPHERALS (10.7%) Apple Computer 71,261(b) 4,842,898 Brocade Communications Systems 144,988(b) 907,625 Hewlett-Packard 137,807 4,397,421 Rackable Systems 41,235(b) 879,130 SanDisk 42,160(b) 1,967,186 Seagate Technology 83,871(b,c) 1,945,807 Sun Microsystems 270,600(b) 1,177,110 ------------ Total 16,117,177 - ------------------------------------------------------------------------------ DIVERSIFIED FINANCIAL SERVICES (0.9%) Compass Diversified Trust 90,300 1,325,604 - ------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES (2.5%) Cogent Communications Group 177,650(b) 1,593,520 Global Crossing 65,119(b,c) 993,065 Windstream 99,376 1,245,180 ------------ Total 3,831,765 - ------------------------------------------------------------------------------ ELECTRICAL EQUIPMENT (1.2%) Energy Conversion Devices 53,596(b) 1,803,505 - ------------------------------------------------------------------------------ ELECTRONIC EQUIPMENT & INSTRUMENTS (0.7%) Intl DisplayWorks 205,365(b) 977,537 - ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HOUSEHOLD DURABLES (2.4%) Koninklijke Philips Electronics 72,000(c) $2,370,960 Sony 26,100(c) 1,202,094 ------------ Total 3,573,054 - ------------------------------------------------------------------------------ INTERNET & CATALOG RETAIL (0.3%) Gmarket ADR 33,840(b,c) 491,695 - ------------------------------------------------------------------------------ INTERNET SOFTWARE & SERVICES (3.2%) Google Cl A 7,816(b) 3,021,665 Yahoo! 67,119(b) 1,821,610 ------------ Total 4,843,275 - ------------------------------------------------------------------------------ IT SERVICES (2.6%) Ness Technologies 271,354(b,c) 2,995,748 Satyam Computer Services ADR 24,729(c) 871,697 ------------ Total 3,867,445 - ------------------------------------------------------------------------------ MEDIA (4.5%) Comcast Cl A 81,288(b) 2,794,681 NTL 157,080 3,589,278 WorldSpace Cl A 130,705(b,d) 411,721 ------------ Total 6,795,680 - ------------------------------------------------------------------------------ METALS & MINING (0.4%) Novastar Resources 1,101,750(b) 550,875 - ------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (27.1%) Agere Systems 199,235(b) 2,900,862 ARM Holdings 528,751(c) 1,148,087 Broadcom Cl A 76,609(b) 1,837,850 Cypress Semiconductor 146,381(b) 2,223,527 Elpida Memory 22,700(b,c) 908,871 Freescale Semiconductor Cl A 144,981(b) 4,150,806 Hynix Semiconductor 84,800(b,c) 2,885,260 Integrated Device Technology 450,275(b) 6,965,754 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (CONT.) Intel 121,747 $2,191,446 Intl Rectifier 58,193(b) 2,074,580 Maxim Integrated Products 66,806 1,962,760 NVIDIA 50,215(b) 1,111,258 PMC-Sierra 260,123(b) 1,329,229 Samsung Electronics 7,360(c) 4,684,757 Silicon Laboratories 79,193(b) 2,923,806 Texas Instruments 48,474 1,443,556 ------------ Total 40,742,409 - ------------------------------------------------------------------------------ SOFTWARE (22.1%) Activision 142,545(b) 1,703,413 Adobe Systems 151,481(b) 4,318,723 BEA Systems 125,517(b) 1,473,570 i2 Technologies 56,276(b,d) 703,450 McAfee 98,612(b) 2,125,089 Mercury Interactive 70,561(b) 3,542,515 Microsoft 189,421 4,551,786 Nuance Communications 83,351(b) 771,830 Open Solutions 40,548(b) 1,121,152 OPNET Technologies 100,000(b) 1,266,000 Parametric Technology 135,240(b) 2,090,810 Quest Software 159,770(b) 2,184,056 Symantec 232,735(b) 4,042,607 TIBCO Software 424,403(b) 3,378,248 ------------ Total 33,273,249 - ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (5.6%) ALLTEL 96,115 5,302,664 Sprint Nextel 93,997 1,861,141 Vodafone Group 520,432(c) 1,130,023 Vodafone Group Cl B 594,780(c) 166,640 ------------ Total 8,460,468 - ------------------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $151,911,531) $148,453,144 - ------------------------------------------------------------------------------ See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE GLOBAL TECHNOLOGY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 OTHER (--%) ISSUER SHARES VALUE(a) UBI Soft Entertainment Warrants 5,712(b,c,f) $47,424 - ------------------------------------------------------------------------------ TOTAL OTHER (Cost: $19,674) $47,424 - ------------------------------------------------------------------------------ SHORT-TERM SECURITIES (3.3%)(e) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Nieuw Amsterdam 08-01-06 5.32% $4,900,000(g) $4,899,276 - ------------------------------------------------------------------------------ TOTAL SHORT-TERM SECURITIES (Cost: $4,900,000) $4,899,276 - ------------------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES (Cost: $156,831,205)(h) $153,399,844 ============================================================================== NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At July 31, 2006, the value of foreign securities represented 16.0% of net assets. (d) At July 31, 2006, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in short-term securities and represents 0.6% of net assets. 2.7% of net assets is the Fund's cash equivalent position. (f) Identifies issues considered to be illiquid as to their marketability. These securities may be valued at fair value according to methods selected in good faith by the Fund's Board of Directors. Information concerning such security holdings at July 31, 2006, is as follows: SECURITY ACQUISITION COST DATES - ------------------------------------------------------------------------------ UBI Soft Entertainment Warrants 12-02-03 $19,674 (g) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2006, the value of these securities amounted to $4,899,276 or 3.3% of net assets. (h) At July 31, 2006, the cost of securities for federal income tax purposes was approximately $156,831,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 8,434,000 Unrealized depreciation (11,865,000) -------------------------------------------------------------------------- Net unrealized depreciation $ (3,431,000) -------------------------------------------------------------------------- The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 2 RIVERSOURCE GLOBAL TECHNOLOGY FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2006 S-6395-80 F (9/06) Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) RiverSource Global Series, Inc. By /s/ William F. Truscott ------------------------ William F. Truscott President and Principal Executive Officer Date September 28, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By /s/ William F. Truscott ------------------------ William F. Truscott President and Principal Executive Officer Date September 28, 2006 By /s/ Jeffrey P. Fox ------------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date September 28, 2006 EX-99.CERT 2 ex99cert.txt CERTIFICATION PURSUANT TO 270.30A-2 OF THE INVESTMENT COMPANY ACT OF 1940 Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, William Truscott, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Global Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 22, 2006 /s/ William F. Truscott -------------------------------- Name: William F. Truscott Title: President and Principal Executive Officer Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey Fox, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Global Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 22, 2006 /s/ Jeffrey P. Fox -------------------------------- Name: Jeffrey P. Fox Title: Treasurer and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----