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SECURITIES AND EXCHANGE COMMISSION
MANAGEMENT INVESTMENT COMPANIES
7337 E. Doubletree Ranch Rd., Scottsdale, AZ | 85258 | |
(Address of principal executive offices) | (Zip code) |
This report is submitted for general information to shareholders of the ING Funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the funds’ investment objectives, risks, charges, expenses and other information. This information should be read carefully. |
MUTUAL FUNDS | |
President’s Letter | 1 | |||||
Market Perspective | 2 | |||||
Portfolio Managers’ Reports | 4 | |||||
Shareholder Expense Examples | 10 | |||||
Statements of Assets and Liabilities | 12 | |||||
Statements of Operations | 16 | |||||
Statements of Changes in Net Assets | 18 | |||||
Financial Highlights | 21 | |||||
Notes to Financial Statements | 26 | |||||
Summary Portfolios of Investments | 41 | |||||
Shareholder Meeting Information | 56 | |||||
Advisory Contract Approval Discussion | 57 | |||||
Additional Information | 58 |
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President and Chief Executive Officer
ING Funds
The views expressed in the President’s Letter reflect those of the President as of the date of the letter. Any such views are subject to change at any time based upon market or other conditions and ING Funds disclaims any responsibility to update such views. These views may not be relied on as investment advice and because investment decisions for an ING Fund are based on numerous factors, may not be relied on as an indication of investment intent on behalf of any ING Fund. Reference to specific company securities should not be construed as recommendations or investment advice.
1 | Please see the “Additional Information” section regarding rebranding details on page 58. |
Index | Description | |||||
---|---|---|---|---|---|---|
Barclays High Yield Bond — 2% Issuer Constrained Composite Index | An unmanaged index that includes all fixed income securities having a maximum quality rating of Ba1, a minimum amount outstanding of $150 million, and at least one year to maturity. | |||||
Barclays Long Term U.S. Treasury Index | The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. | |||||
Barclays U.S. Aggregate Bond Index | An unmanaged index of publicly issued investment grade U.S. Government, mortgage-backed, asset-backed and corporate debt securities. | |||||
Barclays U.S. Corporate Investment Grade Bond Index | The corporate component of the Barclays Capital U.S. Credit Index. The U.S. Credit Index includes publicly-issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. The index includes both corporate and non-corporate sectors. The corporate sectors are industrial, utility and finance, which includes both U.S. and non-U.S. corporations. | |||||
MSCI Europe ex UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | |||||
MSCI Japan® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | |||||
MSCI U.S. REIT® Index | A free float-adjusted market capitalization weighted index that is comprised of equity real estate investment trusts that are included in the MSCI U.S. Investable Market 2500 Index (with the exception of specialty REITs that do not generate a majority of their revenue and income from real estate rental and leasing obligations). The index represents approximately 85% of the U.S. REIT market. | |||||
MSCI UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | |||||
MSCI World IndexSM | An unmanaged index that measures the performance of over 1,400 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | |||||
Russell 1000® Value Index | An unmanaged index that measures the performance of those Russell 1000® securities with lower price-to-book ratios and lower forecasted growth values. | |||||
Russell 2000® Growth Index | An unmanaged index that measures the performance of securities of smaller U.S. companies with greater than average growth orientation. | |||||
Russell 2000® Index | An unmanaged index that measures the performance of securities of small U.S. companies. | |||||
Russell 3000® Growth Index | An unmanaged index that measures performance of broad growth segment of the U.S. Equity universe. It includes those Russell 3000® companies with higher price-to-book ratios and higher forecasted growth values. | |||||
Russell 3000® Value Index | A market capitalization-weighted index of stocks of the 3,000 largest U.S. domiciled companies that exhibit value oriented companies. | |||||
Russell Midcap® Index | An unmanaged index that measures the performance of the 800 smallest companies in the Russell 1000® Index, which represents approximately 26% of the total market capitalization of the Russell 1000® Index. | |||||
Russell Midcap® Growth Index | An unmanaged index that measures the performance of those companies included in the Russell Midcap® Index with relatively higher price-to-book ratios and higher forecasted growth values. | |||||
Russell Midcap® Value Index | An unmanaged index that measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with lower price-to-book ratios and lower forecasted growth values | |||||
S&P 500® Index | An unmanaged index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. |
Sector Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Information Technology | 24.9 | % | ||||||
Consumer Discretionary | 23.1 | % | ||||||
Health Care | 14.4 | % | ||||||
Industrials | 11.5 | % | ||||||
Consumer Staples | 9.8 | % | ||||||
Financials | 7.6 | % | ||||||
Energy | 4.9 | % | ||||||
Materials | 2.4 | % | ||||||
Assets in Excess of Other Liabilities* | 1.4 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013 (as a percentage of net assets) | |||||||
Apple, Inc. | 5.1 | % | |||||
Oracle Corp. | 3.0 | % | |||||
PepsiCo, Inc. | 3.0 | % | |||||
Google, Inc. — Class A | 2.8 | % | |||||
EOG Resources, Inc. | 2.7 | % | |||||
Facebook, Inc. | 2.6 | % | |||||
Chipotle Mexican Grill, Inc. | 2.3 | % | |||||
Celgene Corp. | 2.2 | % | |||||
McKesson Corp. | 2.2 | % | |||||
Danaher Corp. | 2.2 | % | |||||
Portfolio holdings are subject to change daily. |
Sector Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Financials | 27.1 | % | ||||||
Energy | 14.6 | % | ||||||
Health Care | 12.6 | % | ||||||
Industrials | 11.7 | % | ||||||
Information Technology | 8.5 | % | ||||||
Consumer Discretionary | 6.6 | % | ||||||
Utilities | 5.9 | % | ||||||
Consumer Staples | 3.7 | % | ||||||
Materials | 3.1 | % | ||||||
Exchange-Traded Funds | 1.5 | % | ||||||
Telecommunication Services | 1.5 | % | ||||||
Assets in Excess of Other Liabilities* | 3.2 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013* (as a percentage of net assets) | |||||||
General Electric Co. | 4.2 | % | |||||
Johnson & Johnson | 4.1 | % | |||||
JPMorgan Chase & Co. | 3.6 | % | |||||
Pfizer, Inc. | 3.4 | % | |||||
Apple, Inc. | 3.4 | % | |||||
Citigroup, Inc. | 3.0 | % | |||||
Bank of America Corp. | 2.9 | % | |||||
Intel Corp. | 2.4 | % | |||||
Royal Dutch Shell PLC — Class A ADR | 2.3 | % | |||||
Walt Disney Co. | 2.3 | % | |||||
* Excludes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
* | Effective June 30, 2013, Vincent Costa was added as a portfolio manager for the Fund. |
Sector Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Financials | 22.0 | % | ||||||
Information Technology | 16.6 | % | ||||||
Industrials | 14.6 | % | ||||||
Consumer Discretionary | 10.3 | % | ||||||
Energy | 9.2 | % | ||||||
Materials | 8.9 | % | ||||||
Health Care | 8.2 | % | ||||||
Utilities | 5.6 | % | ||||||
Consumer Staples | 2.4 | % | ||||||
Assets in Excess of Other Liabilities* | 2.2 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013 (as a percentage of net assets) | |||||||
Skyworks Solutions, Inc. | 2.6 | % | |||||
Avago Technologies Ltd. | 2.3 | % | |||||
NXP Semiconductor NV | 2.3 | % | |||||
Reinsurance Group of America, Inc. | 2.2 | % | |||||
Arrow Electronics, Inc. | 2.0 | % | |||||
UnumProvident Corp. | 1.8 | % | |||||
Methanex Corp. | 1.5 | % | |||||
Newell Rubbermaid, Inc. | 1.5 | % | |||||
Owens-Illinois, Inc. | 1.5 | % | |||||
KBR, Inc. | 1.4 | % | |||||
Portfolio holdings are subject to change daily. |
Sector Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Consumer Discretionary | 24.7 | % | ||||||
Information Technology | 16.4 | % | ||||||
Industrials | 14.8 | % | ||||||
Health Care | 13.2 | % | ||||||
Financials | 9.2 | % | ||||||
Consumer Staples | 7.5 | % | ||||||
Energy | 6.1 | % | ||||||
Materials | 4.4 | % | ||||||
Telecommunication Services | 1.8 | % | ||||||
Assets in Excess of Other Liabilities* | 1.9 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013 (as a percentage of net assets) | |||||||
Intuit, Inc. | 2.8 | % | |||||
Discovery Communications, Inc. — Class A | 2.4 | % | |||||
Whole Foods Market, Inc. | 2.2 | % | |||||
Alexion Pharmaceuticals, Inc. | 2.1 | % | |||||
Macy’s, Inc. | 2.1 | % | |||||
Actavis PLC | 2.1 | % | |||||
NetApp, Inc. | 2.1 | % | |||||
Informatica Corp. | 2.0 | % | |||||
Chipotle Mexican Grill, Inc. | 2.0 | % | |||||
Hershey Co. | 2.0 | % | |||||
Portfolio holdings are subject to change daily. |
REIT Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Retail REITs | 22.8 | % | ||||||
Specialized REITs | 16.7 | % | ||||||
Residential REITs | 16.8 | % | ||||||
Diversified REITs | 15.9 | % | ||||||
Office REITs | 13.0 | % | ||||||
Hotels, Resorts & Cruise Lines | 8.1 | % | ||||||
Industrial REITs | 5.6 | % | ||||||
Assets in Excess of Other Liabilities* | 1.1 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013 (as a percentage of net assets) | |||||||
Simon Property Group, Inc. | 9.0 | % | |||||
Host Hotels & Resorts, Inc. | 5.1 | % | |||||
Equity Residential | 4.8 | % | |||||
ProLogis, Inc. | 4.5 | % | |||||
Health Care Real Estate Investment Trust, Inc. | 3.8 | % | |||||
Vornado Realty Trust | 3.7 | % | |||||
Public Storage, Inc. | 3.3 | % | |||||
Boston Properties, Inc. | 3.3 | % | |||||
SL Green Realty Corp. | 2.8 | % | |||||
General Growth Properties, Inc. | 2.8 | % | |||||
Portfolio holdings are subject to change daily. |
Sector Diversification as of November 30, 2013 (as a percentage of net assets) | ||||||||
Information Technology | 23.1 | % | ||||||
Consumer Discretionary | 18.2 | % | ||||||
Health Care | 16.7 | % | ||||||
Industrials | 13.8 | % | ||||||
Financials | 10.1 | % | ||||||
Energy | 5.0 | % | ||||||
Materials | 4.3 | % | ||||||
Consumer Staples | 2.3 | % | ||||||
Exchange-Traded Funds | 2.0 | % | ||||||
Assets in Excess of Other Liabilities* | 4.5 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of November 30, 2013* (as a percentage of net assets) | |||||||
iShares Russell 2000 Growth Index Fund | 2.0 | % | |||||
Aspen Technology, Inc. | 1.4 | % | |||||
PTC, Inc. | 1.1 | % | |||||
Vail Resorts, Inc. | 1.1 | % | |||||
Healthsouth Corp. | 1.1 | % | |||||
WEX, Inc. | �� | 1.1 | % | ||||
Cheesecake Factory | 1.1 | % | |||||
Portfolio Recovery Associates, Inc. | 1.1 | % | |||||
Commvault Systems, Inc. | 1.0 | % | |||||
Knight Transportation, Inc. | 1.0 | % | |||||
* Excludes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
Actual Fund Return | Hypothetical (5% return before expenses) | ||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value June 1, 2013 | Ending Account Value November 30, 2013 | Annualized Expense Ratio | Expenses Paid During the Period Ended November 30, 2013* | Beginning Account Value June 1, 2013 | Ending Account Value November 30, 2013 | Annualized Expense Ratio | Expenses Paid During the Period Ended November 30, 2013* | ||||||||||||||||||||||||||||
ING Growth Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,113.60 | 1.35 | % | $ | 7.15 | $ | 1,000.00 | $ | 1,018.30 | 1.35 | % | $ | 6.83 | |||||||||||||||||||
Class B | 1,000.00 | 1,109.90 | 2.00 | 10.58 | 1,000.00 | 1,015.04 | 2.00 | 10.10 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,110.30 | 2.00 | 10.58 | 1,000.00 | 1,015.04 | 2.00 | 10.10 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,115.80 | 0.97 | 5.14 | 1,000.00 | 1,020.21 | 0.97 | 4.91 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,115.80 | 1.00 | 5.30 | 1,000.00 | 1,020.05 | 1.00 | 5.06 | |||||||||||||||||||||||||||
ING Large Cap Value Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,101.90 | 1.12 | 5.90 | 1,000.00 | 1,019.45 | 1.12 | 5.67 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,099.10 | 1.87 | 9.84 | 1,000.00 | 1,015.69 | 1.87 | 9.45 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,098.40 | 1.87 | 9.84 | 1,000.00 | 1,015.69 | 1.87 | 9.45 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,104.80 | 0.78 | 4.12 | 1,000.00 | 1,021.16 | 0.78 | 3.95 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,102.30 | 1.12 | 5.90 | 1,001.00 | 1,019.45 | 1.12 | 5.67 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,102.20 | 1.32 | 6.96 | 1,000.00 | 1,018.45 | 1.32 | 6.68 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 1,104.10 | 0.78 | 4.11 | 1,000.00 | 1,021.16 | 0.78 | 3.95 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,103.80 | 0.87 | 4.59 | 1,000.00 | 1,020.71 | 0.87 | 4.41 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 183/365 to reflect the most recent fiscal half-year. |
Actual Fund Return | Hypothetical (5% return before expenses) | ||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value June 1, 2013 | Ending Account Value November 30, 2013 | Annualized Expense Ratio | Expenses Paid During the Period Ended November 30, 2013* | Beginning Account Value June 1, 2013 | Ending Account Value November 30, 2013 | Annualized Expense Ratio | Expenses Paid During the Period Ended November 30, 2013* | ||||||||||||||||||||||||||||
ING Mid Cap Value Fund | |||||||||||||||||||||||||||||||||||
Class I | $ | 1,000.00 | $ | 1,123.80 | 0.86 | % | $ | 4.58 | $ | 1,000.00 | $ | 1,020.76 | 0.86 | % | $ | 4.36 | |||||||||||||||||||
ING MidCap Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,121.90 | 1.32 | 7.02 | 1,000.00 | 1,018.45 | 1.32 | 6.68 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,117.50 | 2.07 | 10.99 | 1,000.00 | 1,014.69 | 2.07 | 10.45 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,117.10 | 2.07 | 10.99 | 1,000.00 | 1,014.69 | 2.07 | 10.45 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,123.70 | 0.92 | 4.90 | 1,000.00 | 1,020.46 | 0.92 | 4.66 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,121.30 | 1.32 | 7.02 | 1,000.00 | 1,018.45 | 1.32 | 6.68 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,120.20 | 1.57 | 8.34 | 1,000.00 | 1,017.20 | 1.57 | 7.94 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 1,124.10 | 0.88 | 4.69 | 1,000.00 | 1,020.66 | 0.88 | 4.46 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,123.30 | 1.07 | 5.70 | 1,000.00 | 1,019.70 | 1.07 | 5.42 | |||||||||||||||||||||||||||
ING Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 945.70 | 1.22 | 5.95 | 1,000.00 | 1,018.95 | 1.22 | 6.17 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 942.70 | 1.97 | 9.59 | 1,000.00 | 1,015.19 | 1.97 | 9.95 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 942.70 | 1.97 | 9.59 | 1,000.00 | 1,015.19 | 1.97 | 9.95 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 946.80 | 0.91 | 4.44 | 1,000.00 | 1,020.51 | 0.91 | 4.61 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 945.50 | 1.22 | 5.95 | 1,000.00 | 1,018.95 | 1.22 | 6.17 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 944.80 | 1.47 | 7.17 | 1,000.00 | 1,017.70 | 1.47 | 7.44 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 946.70 | 0.97 | 4.73 | 1,000.00 | 1,020.21 | 0.97 | 4.91 | |||||||||||||||||||||||||||
ING SmallCap Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,173.50 | 1.44 | 7.85 | 1,000.00 | 1,017.85 | 1.44 | 7.28 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,169.20 | 2.19 | 11.91 | 1,000.00 | 1,014.09 | 2.19 | 11.06 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,169.30 | 2.19 | 11.91 | 1,000.00 | 1,014.09 | 2.19 | 11.06 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,175.70 | 1.10 | 6.00 | 1,000.00 | 1,019.55 | 1.10 | 5.57 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,172.20 | 1.69 | 9.20 | 1,000.00 | 1,016.60 | 1.69 | 8.54 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 1,175.70 | 1.05 | 5.73 | 1,000.00 | 1,019.80 | 1.05 | 5.32 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,175.10 | 1.19 | 6.49 | 1,000.00 | 1,019.55 | 1.19 | 6.02 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 183/365 to reflect the most recent fiscal half-year. |
ING Growth Opportunities Fund | ING Large Cap Value Fund | ING Mid Cap Value Fund | ING MidCap Opportunities Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at fair value+* | $ | 122,740,673 | $ | 796,079,145 | $ | 293,304,554 | $ | 1,374,171,790 | ||||||||||
Short-term investments at fair value** | 1,845,505 | 30,889,101 | 4,188,437 | 25,493,793 | ||||||||||||||
Total investments at fair value | $ | 124,586,178 | $ | 826,968,246 | $ | 297,492,991 | $ | 1,399,665,583 | ||||||||||
Cash | 365 | 210 | 2,050,047 | 883 | ||||||||||||||
Foreign currencies at value*** | — | — | 366 | — | ||||||||||||||
Receivables: | ||||||||||||||||||
Investment securities sold | — | 2,250,719 | 3,667,433 | 1,116,158 | ||||||||||||||
Fund shares sold | 212,271 | 985,850 | 127,777 | 3,807,954 | ||||||||||||||
Dividends | 65,693 | 1,870,861 | 234,128 | 633,591 | ||||||||||||||
Interest | — | — | 28 | — | ||||||||||||||
Foreign tax reclaims | — | — | 6,215 | — | ||||||||||||||
Prepaid expenses | 26,742 | 41,445 | 1,190 | 58,002 | ||||||||||||||
Reimbursement due from manager | — | 1,626 | — | 24,688 | ||||||||||||||
Total assets | 124,891,249 | 832,118,957 | 303,580,175 | 1,405,306,859 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | — | 2,741,737 | 1,664,466 | — | ||||||||||||||
Payable for fund shares redeemed | 198,312 | 208,492 | 9,147 | 2,124,686 | ||||||||||||||
Payable upon receipt of securities loaned | — | 5,920,178 | 1,855,481 | 687,686 | ||||||||||||||
Payable for investment management fees | 75,794 | 444,924 | 172,853 | 851,295 | ||||||||||||||
Payable for administrative fees | 10,106 | 66,625 | 24,693 | 113,505 | ||||||||||||||
Payable for distribution and shareholder service fees | 40,698 | 128,484 | — | 210,327 | ||||||||||||||
Payable for trustee fees | 591 | 3,380 | 1,463 | 6,337 | ||||||||||||||
Other accrued expenses and liabilities | 45,121 | 189,479 | 94,793 | 441,885 | ||||||||||||||
Total liabilities | 370,622 | 9,703,299 | 3,822,896 | 4,435,721 | ||||||||||||||
NET ASSETS | $ | 124,520,627 | $ | 822,415,658 | $ | 299,757,279 | $ | 1,400,871,138 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 92,348,917 | $ | 659,259,021 | $ | 196,263,967 | $ | 1,035,498,046 | ||||||||||
Undistributed net investment income/accumulated net investment loss | (279,643 | ) | 1,697,173 | 1,340,193 | (1,797,929 | ) | ||||||||||||
Accumulated net realized gain | 8,736,812 | 37,863,230 | 49,420,034 | 128,039,057 | ||||||||||||||
Net unrealized appreciation | 23,714,541 | 123,596,234 | 52,733,085 | 239,131,964 | ||||||||||||||
NET ASSETS | $ | 124,520,627 | $ | 822,415,658 | $ | 299,757,279 | $ | 1,400,871,138 | ||||||||||
______________________ | ||||||||||||||||||
+ Including securities loaned at value | $ | — | $ | 5,785,713 | $ | 1,773,895 | $ | 672,192 | ||||||||||
* Cost of investments in securities | $ | 99,026,132 | $ | 672,482,911 | $ | 240,566,671 | $ | 1,135,039,826 | ||||||||||
** Cost of short-term investments | $ | 1,845,505 | $ | 30,889,101 | $ | 4,188,437 | $ | 25,493,793 | ||||||||||
*** Cost of foreign currencies | $ | — | $ | — | $ | 366 | $ | — |
ING Growth Opportunities Fund | ING Large Cap Value Fund | ING Mid Cap Value Fund | ING MidCap Opportunities Fund | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A | |||||||||||||||||||
Net assets | $ | 70,002,747 | $ | 205,148,106 | n/a | $ | 443,912,021 | ||||||||||||
Shares authorized | unlimited | unlimited | n/a | unlimited | |||||||||||||||
Par value | $ | 0.010 | $ | 0.010 | n/a | $ | 0.010 | ||||||||||||
Shares outstanding | 2,164,516 | 16,395,093 | n/a | 17,288,008 | |||||||||||||||
Net asset value and redemption price per share† | $ | 32.34 | $ | 12.51 | n/a | $ | 25.68 | ||||||||||||
Maximum offering price per share (5.75%)(1) | $ | 34.31 | $ | 13.27 | n/a | $ | 27.25 | ||||||||||||
Class B | |||||||||||||||||||
Net assets | $ | 1,567,842 | $ | 6,339,406 | n/a | $ | 5,235,790 | ||||||||||||
Shares authorized | unlimited | unlimited | n/a | unlimited | |||||||||||||||
Par value | $ | 0.010 | $ | 0.010 | n/a | $ | 0.010 | ||||||||||||
Shares outstanding | 52,823 | 508,933 | n/a | 232,275 | |||||||||||||||
Net asset value and redemption price per share† | $ | 29.68 | $ | 12.46 | n/a | $ | 22.54 | ||||||||||||
Class C | |||||||||||||||||||
Net assets | $ | 24,102,274 | $ | 97,000,522 | n/a | $ | 127,789,926 | ||||||||||||
Shares authorized | unlimited | unlimited | n/a | unlimited | |||||||||||||||
Par value | $ | 0.010 | $ | 0.010 | n/a | $ | 0.010 | ||||||||||||
Shares outstanding | 814,378 | 7,778,607 | n/a | 5,702,214 | |||||||||||||||
Net asset value and redemption price per share† | $ | 29.60 | $ | 12.47 | n/a | $ | 22.41 | ||||||||||||
Class I | |||||||||||||||||||
Net assets | $ | 26,448,593 | $ | 209,811,762 | $ | 299,757,279 | $ | 636,207,423 | |||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | |||||||||||||||
Par value | $ | 0.010 | $ | 0.010 | $ | 0.010 | $ | 0.010 | |||||||||||
Shares outstanding | 766,866 | 15,848,196 | 18,867,451 | 23,033,505 | |||||||||||||||
Net asset value and redemption price per share | $ | 34.49 | $ | 13.24 | $ | 15.89 | $ | 27.62 | |||||||||||
Class O | |||||||||||||||||||
Net assets | n/a | $ | 6,189,242 | n/a | $ | 53,091,569 | |||||||||||||
Shares authorized | n/a | unlimited | n/a | unlimited | |||||||||||||||
Par value | n/a | $ | 0.010 | n/a | $ | 0.010 | |||||||||||||
Shares outstanding | n/a | 494,942 | n/a | 2,072,773 | |||||||||||||||
Net asset value and redemption price per share | n/a | $ | 12.50 | n/a | $ | 25.61 | |||||||||||||
Class R | |||||||||||||||||||
Net assets | n/a | $ | 3,818,931 | n/a | $ | 1,229,622 | |||||||||||||
Shares authorized | n/a | unlimited | n/a | unlimited | |||||||||||||||
Par value | n/a | $ | 0.010 | n/a | $ | 0.010 | |||||||||||||
Shares outstanding | n/a | 305,602 | n/a | 48,155 | |||||||||||||||
Net asset value and redemption price per share | n/a | $ | 12.50 | n/a | $ | 25.53 | |||||||||||||
Class R6 | |||||||||||||||||||
Net assets | n/a | $ | 245,710,295 | n/a | $ | 14,127,743 | |||||||||||||
Shares authorized | n/a | unlimited | n/a | unlimited | |||||||||||||||
Par value | n/a | $ | 0.010 | n/a | $ | 0.010 | |||||||||||||
Shares outstanding | n/a | 18,568,415 | n/a | 511,255 | |||||||||||||||
Net asset value and redemption price per share | n/a | $ | 13.23 | n/a | $ | 27.63 | |||||||||||||
Class W | |||||||||||||||||||
Net assets | $ | 2,399,171 | $ | 48,397,394 | n/a | $ | 119,277,044 | ||||||||||||
Shares authorized | unlimited | unlimited | n/a | unlimited | |||||||||||||||
Par value | $ | 0.010 | $ | 0.010 | n/a | $ | 0.010 | ||||||||||||
Shares outstanding | 70,757 | 3,665,431 | n/a | 4,348,651 | |||||||||||||||
Net asset value and redemption price per share | $ | 33.91 | $ | 13.20 | n/a | $ | 27.43 | ||||||||||||
______________________ | |||||||||||||||||||
(1) Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $100,000 or more, the offering price is reduced. | |||||||||||||||||||
† Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Real Estate Fund | ING SmallCap Opportunities Fund | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||
Investments in securities at fair value+* | $ | 1,194,417,823 | $ | 458,441,403 | ||||||
Short-term investments at fair value** | 9,585,392 | 39,985,620 | ||||||||
Total investments at fair value | $ | 1,204,003,215 | $ | 498,427,023 | ||||||
Cash | — | 231 | ||||||||
Receivables: | ||||||||||
Investment securities sold | 9,833,291 | 1,181,832 | ||||||||
Fund shares sold | 1,442,738 | 1,086,409 | ||||||||
Dividends | 720,183 | 214,870 | ||||||||
Prepaid expenses | 57,892 | 42,747 | ||||||||
Reimbursement due from manager | — | 16,022 | ||||||||
Total assets | 1,216,057,319 | 500,969,134 | ||||||||
LIABILITIES: | ||||||||||
Payable for investment securities purchased | 6,580,653 | 991,110 | ||||||||
Payable for fund shares redeemed | 476,183 | 98,572 | ||||||||
Payable upon receipt of securities loaned | — | 19,248,483 | ||||||||
Payable for investment management fees | 717,904 | 328,077 | ||||||||
Payable for administrative fees | 102,556 | 38,441 | ||||||||
Payable for distribution and shareholder service fees | 75,353 | 55,357 | ||||||||
Payable for trustee fees | 6,328 | 1,944 | ||||||||
Other accrued expenses and liabilities | 179,639 | 191,345 | ||||||||
Total liabilities | 8,138,616 | 20,953,329 | ||||||||
NET ASSETS | $ | 1,207,918,703 | $ | 480,015,805 | ||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||
Paid-in capital | $ | 996,461,531 | $ | 363,227,127 | ||||||
Distributions in excess of net investment income/accumulated net investment loss | (8,889,946 | ) | (1,845,900 | ) | ||||||
Accumulated net realized gain (loss) | (118,256,287 | ) | 27,553,106 | |||||||
Net unrealized appreciation | 338,603,405 | 91,081,472 | ||||||||
NET ASSETS | $ | 1,207,918,703 | $ | 480,015,805 | ||||||
______________________ | ||||||||||
+ Including securities loaned at value | $ | — | $ | 18,819,169 | ||||||
* Cost of investments in securities | $ | 855,814,418 | $ | 367,359,931 | ||||||
** Cost of short-term investments | $ | 9,585,392 | $ | 39,985,620 |
ING Real Estate Fund | ING SmallCap Opportunities Fund | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Class A | |||||||||||
Net assets | $ | 222,624,784 | $ | 120,392,527 | |||||||
Shares authorized | unlimited | unlimited | |||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 13,826,068 | 2,043,996 | |||||||||
Net asset value and redemption price per share† | $ | 16.10 | $ | 58.90 | |||||||
Maximum offering price per share (5.75%)(1) | $ | 17.08 | $ | 62.49 | |||||||
Class B | |||||||||||
Net assets | $ | 835,051 | $ | 1,172,152 | |||||||
Shares authorized | unlimited | unlimited | |||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 51,619 | 23,234 | |||||||||
Net asset value and redemption price per share† | $ | 16.18 | $ | 50.45 | |||||||
Class C | |||||||||||
Net assets | $ | 23,988,684 | $ | 38,604,026 | |||||||
Shares authorized | unlimited | unlimited | |||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 1,422,360 | 766,678 | |||||||||
Net asset value and redemption price per share† | $ | 16.87 | $ | 50.35 | |||||||
Class I | |||||||||||
Net assets | $ | 745,866,367 | $ | 294,253,466 | |||||||
Shares authorized | unlimited | unlimited | |||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 43,103,120 | 4,734,929 | |||||||||
Net asset value and redemption price per share | $ | 17.30 | $ | 62.15 | |||||||
Class O | |||||||||||
Net assets | $ | 32,693,775 | n/a | ||||||||
Shares authorized | unlimited | n/a | |||||||||
Par value | $ | 0.010 | n/a | ||||||||
Shares outstanding | 2,033,079 | n/a | |||||||||
Net asset value and redemption price per share | $ | 16.08 | n/a | ||||||||
Class R | |||||||||||
Net assets | $ | 1,183,784 | $ | 423,842 | |||||||
Shares authorized | unlimited | unlimited | |||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 73,711 | 7,242 | |||||||||
Net asset value and redemption price per share | $ | 16.06 | $ | 58.53 | |||||||
Class R6 | |||||||||||
Net assets | n/a | $ | 3,527 | ||||||||
Shares authorized | n/a | unlimited | |||||||||
Par value | n/a | $ | 0.010 | ||||||||
Shares outstanding | n/a | 57 | |||||||||
Net asset value and redemption price per share | n/a | $ | 62.15 | ||||||||
Class W | |||||||||||
Net assets | $ | 180,726,258 | $ | 25,166,265 | |||||||
Shares authorized | unlimited | unlimited | �� | ||||||||
Par value | $ | 0.010 | $ | 0.010 | |||||||
Shares outstanding | 9,281,051 | 408,541 | |||||||||
Net asset value and redemption price per share | $ | 19.47 | $ | 61.60 | |||||||
______________________ | |||||||||||
(1) Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $100,000 or more, the offering price is reduced. | |||||||||||
† Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Growth Opportunities Fund | ING Large Cap Value Fund | ING Mid Cap Value Fund | ING MidCap Opportunities Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 669,982 | $ | 7,901,044 | $ | 1,962,310 | $ | 5,756,457 | ||||||||||
Interest | — | 12 | 147 | — | ||||||||||||||
Securities lending income, net | 7,794 | 62,967 | 3,567 | 91,083 | ||||||||||||||
Total investment income | 677,776 | 7,964,023 | 1,966,024 | 5,847,540 | ||||||||||||||
EXPENSES: | ||||||||||||||||||
Investment management fees | 445,072 | 2,202,712 | 1,026,347 | 4,766,212 | ||||||||||||||
Distribution and shareholder service fees: | ||||||||||||||||||
Class A | 117,630 | 200,598 | — | 525,735 | ||||||||||||||
Class B | 7,891 | 24,585 | — | 26,662 | ||||||||||||||
Class C | 111,802 | 381,299 | — | 589,564 | ||||||||||||||
Class O | — | 5,664 | — | 63,016 | ||||||||||||||
Class R | — | 8,338 | — | 2,116 | ||||||||||||||
Transfer agent fees: | ||||||||||||||||||
Class A | 75,638 | 71,056 | — | 415,415 | ||||||||||||||
Class B | 1,775 | 2,177 | — | 5,266 | ||||||||||||||
Class C | 25,162 | 33,766 | — | 116,462 | ||||||||||||||
Class I | 1,311 | 3,350 | 1,932 | 175,911 | ||||||||||||||
Class O | — | 2,008 | — | 49,793 | ||||||||||||||
Class R | — | 1,477 | — | 836 | ||||||||||||||
Class R6 | — | 5,268 | — | 313 | ||||||||||||||
Class W | 2,599 | 19,168 | — | 108,312 | ||||||||||||||
Administrative service fees | 59,343 | 338,876 | 146,619 | 635,490 | ||||||||||||||
Shareholder reporting expense | 6,762 | 22,967 | 7,314 | 71,786 | ||||||||||||||
Registration fees | 38,337 | 61,145 | — | 56,419 | ||||||||||||||
Professional fees | 6,881 | 30,512 | 11,999 | 55,908 | ||||||||||||||
Custody and accounting expense | 3,303 | 38,687 | 60,617 | 61,818 | ||||||||||||||
Trustee fees | 1,775 | 10,139 | 4,387 | 19,013 | ||||||||||||||
Miscellaneous expense | 3,495 | 11,574 | 6,109 | 19,553 | ||||||||||||||
Interest expense | 36 | 1,899 | — | 283 | ||||||||||||||
Total expenses | 908,812 | 3,477,265 | 1,265,324 | 7,765,883 | ||||||||||||||
Net waived and reimbursed fees | (82,456 | ) | (82,133 | ) | — | (170,054 | ) | |||||||||||
Brokerage commission recapture | — | — | (17,527 | ) | — | |||||||||||||
Net expenses | 826,356 | 3,395,132 | 1,247,797 | 7,595,829 | ||||||||||||||
Net investment income (loss) | (148,580 | ) | 4,568,891 | 718,227 | (1,748,289 | ) | ||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||
Investments | 9,386,017 | 47,524,928 | 18,975,025 | 88,216,253 | ||||||||||||||
Foreign currency related transactions | — | — | 3,222 | — | ||||||||||||||
Net realized gain | 9,386,017 | 47,524,928 | 18,978,247 | 88,216,253 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||
Investments | 3,572,435 | 50,691,765 | 14,439,251 | 59,987,890 | ||||||||||||||
Foreign currency related transactions | — | — | (4,527 | ) | — | |||||||||||||
Net change in unrealized appreciation (depreciation) | 3,572,435 | 50,691,765 | 14,434,724 | 59,987,890 | ||||||||||||||
Net realized and unrealized gain | 12,958,452 | 98,216,693 | 33,412,971 | 148,204,143 | ||||||||||||||
Increase in net assets resulting from operations | $ | 12,809,872 | $ | 102,785,584 | $ | 34,131,198 | $ | 146,455,854 | ||||||||||
______________________ | ||||||||||||||||||
* Foreign taxes withheld | $ | — | $ | 80,387 | $ | 13,710 | $ | — |
ING Real Estate Fund | ING SmallCap Opportunities Fund | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||
Dividends, net of foreign taxes withheld* | $ | 14,359,061 | $ | 1,298,272 | ||||||
Securities lending income, net | — | 111,023 | ||||||||
Total investment income | 14,359,061 | 1,409,295 | ||||||||
EXPENSES: | ||||||||||
Investment management fees | 4,441,339 | 1,685,059 | ||||||||
Distribution and shareholder service fees: | ||||||||||
Class A | 290,948 | 134,086 | ||||||||
Class B | 4,438 | 5,761 | ||||||||
Class C | 128,018 | 156,582 | ||||||||
Class O | 43,726 | — | ||||||||
Class R | 2,469 | 513 | ||||||||
Transfer agent fees: | ||||||||||
Class A | 141,411 | 84,762 | ||||||||
Class B | 538 | 910 | ||||||||
Class C | 15,555 | 24,746 | ||||||||
Class I | 277,456 | 179,659 | ||||||||
Class O | 21,253 | — | ||||||||
Class R | 600 | 162 | ||||||||
Class R6 | — | 1 | ||||||||
Class W | 109,015 | 15,450 | ||||||||
Administrative service fees | 634,471 | 194,963 | ||||||||
Shareholder reporting expense | 55,475 | 25,340 | ||||||||
Registration fees | 55,733 | 54,535 | ||||||||
Professional fees | 61,590 | 18,608 | ||||||||
Custody and accounting expense | 64,360 | 17,480 | ||||||||
Trustee fees | 18,982 | 5,833 | ||||||||
Miscellaneous expense | 28,083 | 5,476 | ||||||||
Interest expense | — | 1,489 | ||||||||
Total expenses | 6,395,460 | 2,611,415 | ||||||||
Net waived and reimbursed fees | — | (98,275 | ) | |||||||
Net expenses | 6,395,460 | 2,513,140 | ||||||||
Net investment income (loss) | 7,963,601 | (1,103,845 | ) | |||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||
Net realized gain (loss) on: | ||||||||||
Investments | 9,796,674 | 17,509,552 | ||||||||
Net realized gain | 9,796,674 | 17,509,552 | ||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||
Investments | (86,913,224 | ) | 46,916,178 | |||||||
Net change in unrealized appreciation (depreciation) | (86,913,224 | ) | 46,916,178 | |||||||
Net realized and unrealized gain (loss) | (77,116,550 | ) | 64,425,730 | |||||||
Increase (decrease) in net assets resulting from operations | $ | (69,152,949 | ) | $ | 63,321,885 | |||||
______________________ | ||||||||||
* Foreign taxes withheld | $ | — | $ | 490 |
ING Growth Opportunities Fund | ING Large Cap Value Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | (148,580 | ) | $ | (133,920 | ) | $ | 4,568,891 | $ | 6,388,977 | |||||||||
Net realized gain | 9,386,017 | 10,682,627 | 47,524,928 | 25,648,078 | |||||||||||||||
Net change in unrealized appreciation | 3,572,435 | 8,563,287 | 50,691,765 | 64,312,725 | |||||||||||||||
Increase in net assets resulting from operations | 12,809,872 | 19,111,994 | 102,785,584 | 96,349,780 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | — | — | (812,089 | ) | (707,095 | ) | |||||||||||||
Class B | — | — | (8,332 | ) | (4,672 | ) | |||||||||||||
Class C | — | — | (173,470 | ) | (137,335 | ) | |||||||||||||
Class I | — | — | (1,381,599 | ) | (4,753,594 | ) | |||||||||||||
Class O | — | — | (18,344 | ) | (654 | ) | |||||||||||||
Class R | — | — | (21,438 | ) | (12,795 | ) | |||||||||||||
Class R6 | — | — | (1,534,964 | ) | — | ||||||||||||||
Class W | — | — | (333,701 | ) | (368,979 | ) | |||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | — | (3,792,172 | ) | (1,267,110 | ) | |||||||||||||
Class B | — | — | (35,893 | ) | (15,047 | ) | |||||||||||||
Class C | — | — | (1,579,353 | ) | (402,509 | ) | |||||||||||||
Class I | — | — | (8,670,979 | ) | (9,360,834 | ) | |||||||||||||
Class O | — | — | (29,906 | ) | — | ||||||||||||||
Class R | — | — | (188,657 | ) | (32,270 | ) | |||||||||||||
Class R6 | — | — | (13,306,595 | ) | — | ||||||||||||||
Class W | — | — | (2,190,924 | ) | (681,691 | ) | |||||||||||||
Total distributions | — | — | (34,078,416 | ) | (17,744,585 | ) | |||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 12,222,569 | 69,617,443 | 343,024,321 | 284,298,722 | |||||||||||||||
Proceeds from shares issued in merger (Note 15) | — | — | 234,958,768 | — | |||||||||||||||
Reinvestment of distributions | — | �� | — | 32,959,642 | 17,330,043 | ||||||||||||||
12,222,569 | 69,617,443 | 610,942,731 | 301,628,765 | ||||||||||||||||
Cost of shares redeemed | (18,275,893 | ) | (49,205,146 | ) | (253,303,226 | ) | (212,850,907 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (6,053,324 | ) | 20,412,297 | 357,639,505 | 88,777,858 | ||||||||||||||
Net increase in net assets | 6,756,548 | 39,524,291 | 426,346,673 | 167,383,053 | |||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 117,764,079 | 78,239,788 | 396,068,985 | 228,685,932 | |||||||||||||||
End of year or period | $ | 124,520,627 | $ | 117,764,079 | $ | 822,415,658 | $ | 396,068,985 | |||||||||||
Undistributed net investment income/Accumulated net investment loss at end of year or period | $ | (279,643 | ) | $ | (131,063 | ) | $ | 1,697,173 | $ | 1,412,219 |
ING Mid Cap Value Fund | ING MidCap Opportunities Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 718,227 | $ | 2,362,459 | $ | (1,748,289 | ) | $ | 160,445 | ||||||||||
Net realized gain | 18,978,247 | 39,377,479 | 88,216,253 | 51,751,270 | |||||||||||||||
Net change in unrealized appreciation | 14,434,724 | 32,495,915 | 59,987,890 | 138,960,037 | |||||||||||||||
Increase in net assets resulting from operations | 34,131,198 | 74,235,853 | 146,455,854 | 190,871,752 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class I | — | (2,335,658 | ) | — | — | ||||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | — | — | (8,848,804 | ) | ||||||||||||||
Class B | — | — | — | (167,164 | ) | ||||||||||||||
Class C | — | — | — | (2,797,118 | ) | ||||||||||||||
Class I | — | (30,471,327 | ) | — | (9,493,447 | ) | |||||||||||||
Class O | — | — | — | (1,123,400 | ) | ||||||||||||||
Class R | — | — | — | (2,232 | ) | ||||||||||||||
Class W | — | — | — | (1,812,670 | ) | ||||||||||||||
Total distributions | — | (32,806,985 | ) | — | (24,244,835 | ) | |||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 11,022,730 | 87,520,489 | 251,814,274 | 484,936,254 | |||||||||||||||
Reinvestment of distributions | — | 32,806,985 | — | 18,835,688 | |||||||||||||||
11,022,730 | 120,327,474 | 251,814,274 | 503,771,942 | ||||||||||||||||
Cost of shares redeemed | (38,972,142 | ) | (96,060,733 | ) | (152,597,479 | ) | (264,403,684 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (27,949,412 | ) | 24,266,741 | 99,216,795 | 239,368,258 | ||||||||||||||
Net increase in net assets | 6,181,786 | 65,695,609 | 245,672,649 | 405,995,175 | |||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 293,575,493 | 227,879,884 | 1,155,198,489 | 749,203,314 | |||||||||||||||
End of year or period | $ | 299,757,279 | $ | 293,575,493 | $ | 1,400,871,138 | $ | 1,155,198,489 | |||||||||||
Undistributed (distributions in excess) of net investment income/Accumulated net investment loss at end of year or period | $ | 1,340,193 | $ | 621,966 | $ | (1,797,929 | ) | $ | (49,640 | ) |
ING Real Estate Fund | ING SmallCap Opportunities Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 7,963,601 | $ | 14,073,549 | $ | (1,103,845 | ) | $ | (953,898 | ) | |||||||||
Net realized gain | 9,796,674 | 36,257,814 | 17,509,552 | 16,788,860 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (86,913,224 | ) | 95,449,273 | 46,916,178 | 38,236,719 | ||||||||||||||
Increase (decrease) in net assets resulting from operations | (69,152,949 | ) | 145,780,636 | 63,321,885 | 54,071,681 | ||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (2,825,738 | ) | (3,942,654 | ) | — | — | |||||||||||||
Class B | (6,992 | ) | (12,544 | ) | — | — | |||||||||||||
Class C | (191,161 | ) | (259,849 | ) | — | — | |||||||||||||
Class I | (9,839,807 | ) | (16,133,772 | ) | — | — | |||||||||||||
Class O | (414,302 | ) | (715,643 | ) | — | — | |||||||||||||
Class R | (11,445 | ) | (5,483 | ) | — | — | |||||||||||||
Class W | (1,950,949 | ) | (2,655,520 | ) | — | — | |||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | — | — | (1,201,448 | ) | ||||||||||||||
Class B | — | — | — | (23,675 | ) | ||||||||||||||
Class C | — | — | — | (426,807 | ) | ||||||||||||||
Class I | — | — | — | (1,621,547 | ) | ||||||||||||||
Class R | — | — | — | (378 | ) | ||||||||||||||
Class W | — | — | — | (143,461 | ) | ||||||||||||||
Total distributions | (15,240,394 | ) | (23,725,465 | ) | — | (3,417,316 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 206,013,761 | 466,839,457 | 171,327,972 | 113,231,083 | |||||||||||||||
Reinvestment of distributions | 9,564,020 | 13,377,777 | — | 2,605,941 | |||||||||||||||
215,577,781 | 480,217,234 | 171,327,972 | 115,837,024 | ||||||||||||||||
Cost of shares redeemed | (186,204,779 | ) | (323,707,914 | ) | (45,204,697 | ) | (51,804,276 | ) | |||||||||||
Net increase in net assets resulting from capital share transactions | 29,373,002 | 156,509,320 | 126,123,275 | 64,032,748 | |||||||||||||||
Net increase (decrease) in net assets | (55,020,341 | ) | 278,564,491 | 189,445,160 | 114,687,113 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 1,262,939,044 | 984,374,553 | 290,570,645 | 175,883,532 | |||||||||||||||
End of year or period | $ | 1,207,918,703 | $ | 1,262,939,044 | $ | 480,015,805 | $ | 290,570,645 | |||||||||||
Distributions in excess of net investment income/Accumulated net investment loss at end of year or period | $ | (8,889,946 | ) | $ | (1,613,153 | ) | $ | (1,845,900 | ) | $ | (742,055 | ) |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net asset value, beginning of year or period | | Net investment income (loss) | | Net realized and unrealized gain (loss) | | Total from investment operations | | From net investment income | | From net realized gains | | From return of capital | | Total distributions | | Payment by affiliate | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2)(3) | | Expenses net of fee waivers and/or recoupments if any(2)(3) | | Expense net of all reductions/ additions(2)(3) | | Net investment income (loss)(2)(3) | | Net assets, end of year or period | | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | (%) | | (%) | | (%) | | (%) | | (%) | | ($000’s) | | (%) | |||||||||||||||||||||||||||||||||||
ING Growth Opportunities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 29.04 | (0.03 | ) | 3.33 | 3.30 | — | — | — | — | — | 32.34 | 11.36 | 1.53 | 1.35 | 1.35 | (0.21 | ) | 70,003 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 23.92 | (0.02 | ) | 5.14 | 5.12 | — | — | — | — | — | 29.04 | 21.40 | 1.51 | 1.35 | 1.35 | (0.09 | ) | 64,837 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 23.21 | 0.00 | * | 0.73 | 0.73 | 0.02 | — | — | 0.02 | — | 23.92 | 3.15 | 1.67 | 1.35 | 1.35 | 0.02 | 48,045 | 151 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 17.47 | 0.07 | 5.67 | 5.74 | — | — | — | — | — | 23.21 | 32.86 | 1.68 | 1.35 | † | 1.35 | † | 0.35 | † | 44,528 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 14.08 | (0.05 | ) | 3.44 | 3.39 | — | — | — | — | — | 17.47 | 24.08 | 1.68 | 1.35 | † | 1.35 | † | (0.26 | )† | 37,356 | 143 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 22.32 | (0.04 | ) | (8.20 | ) | (8.24 | ) | — | — | — | — | — | 14.08 | (36.92 | ) | 1.74 | 1.43 | † | 1.42 | † | (0.20 | )† | 35,676 | 166 | ||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 26.74 | (0.12 | )• | 3.06 | 2.94 | — | — | — | — | — | 29.68 | 10.99 | 2.18 | 2.00 | 2.00 | (0.86 | ) | 1,568 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 22.17 | (0.18 | )• | 4.75 | 4.57 | — | — | — | — | — | 26.74 | 20.61 | 2.16 | 2.00 | 2.00 | (0.76 | ) | 1,697 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 21.63 | (0.14 | )• | 0.68 | 0.54 | — | — | — | — | — | 22.17 | 2.50 | 2.32 | 2.00 | 2.00 | (0.66 | ) | 2,984 | 151 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 16.39 | (0.06 | )• | 5.30 | 5.24 | — | — | — | — | — | 21.63 | 31.97 | 2.33 | 2.00 | † | 2.00 | † | (0.30 | )† | 6,783 | 90 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 13.30 | (0.14 | )• | 3.23 | 3.09 | — | — | — | — | — | 16.39 | 23.23 | 2.33 | 2.00 | † | 2.00 | † | (0.92 | )† | 9,956 | 143 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 21.22 | (0.14 | )• | (7.78 | ) | (7.92 | ) | — | — | — | — | — | 13.30 | (37.32 | ) | 2.37 | 2.08 | † | 2.07 | † | (0.91 | )† | 14,383 | 166 | ||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 26.66 | (0.12 | ) | 3.06 | 2.94 | — | — | — | — | — | 29.60 | 11.03 | 2.18 | 2.00 | 2.00 | (0.86 | ) | 24,102 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 22.10 | (0.17 | ) | 4.73 | 4.56 | — | — | — | — | — | 26.66 | 20.63 | 2.16 | 2.00 | 2.00 | (0.73 | ) | 20,721 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 21.57 | (0.13 | ) | 0.66 | 0.53 | — | — | — | — | — | 22.10 | 2.46 | 2.32 | 2.00 | 2.00 | (0.63 | ) | 16,049 | 151 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 16.34 | (0.06 | ) | 5.29 | 5.23 | — | — | — | — | — | 21.57 | 32.01 | 2.33 | 2.00 | † | 2.00 | † | (0.30 | )† | 16,850 | 90 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 13.26 | (0.14 | )• | 3.22 | 3.08 | — | — | — | — | — | 16.34 | 23.23 | 2.33 | 2.00 | † | 2.00 | † | (0.91 | )† | 14,777 | 143 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 21.15 | (0.14 | ) | (7.75 | ) | (7.89 | ) | — | — | — | — | — | 13.26 | (37.30 | ) | 2.39 | 2.08 | † | 2.07 | † | (0.85 | )† | 15,257 | 166 | ||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 30.91 | 0.02 | 3.56 | 3.58 | — | — | — | — | — | 34.49 | 11.58 | 0.97 | 0.97 | 0.97 | 0.18 | 26,449 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 25.37 | 0.07 | 5.47 | 5.54 | — | — | — | — | — | 30.91 | 21.84 | 1.01 | 1.00 | 1.00 | 0.29 | 27,896 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 24.57 | 0.11 | • | 0.75 | 0.86 | 0.06 | — | — | 0.06 | — | 25.37 | 3.51 | 1.05 | 1.00 | 1.00 | 0.48 | 9,975 | 151 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 18.44 | 0.15 | 5.98 | 6.13 | — | — | — | — | — | 24.57 | 33.24 | 1.07 | 1.00 | † | 1.00 | † | 0.69 | † | 6,711 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 14.82 | 0.02 | 3.60 | 3.62 | — | — | — | — | — | 18.44 | 24.43 | 1.09 | 1.00 | † | 1.00 | † | 0.08 | † | 5,422 | 143 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 23.38 | 0.05 | (8.61 | ) | (8.56 | ) | — | — | — | — | — | 14.82 | (36.61 | ) | 1.19 | 0.98 | † | 0.97 | † | 0.29 | † | 11,349 | 166 | |||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 30.39 | 0.02 | 3.50 | 3.52 | — | — | — | — | — | 33.91 | 11.58 | 1.18 | 1.00 | 1.00 | 0.14 | 2,399 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 24.94 | 0.06 | 5.39 | 5.45 | — | — | — | — | — | 30.39 | 21.85 | 1.16 | 1.00 | 1.00 | 0.29 | 2,613 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 24.15 | 0.07 | 0.77 | 0.84 | 0.05 | — | — | 0.05 | — | 24.94 | 3.49 | 1.32 | 1.00 | 1.00 | 0.30 | 1,188 | 151 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 18.19 | 0.11 | 5.85 | 5.96 | — | — | — | — | — | 24.15 | 32.77 | 1.33 | 1.00 | † | 1.00 | † | 0.65 | † | 1,109 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||
11-23-09(4)– 05-31-10 | 14.57 | 0.08 | 3.54 | 3.62 | — | — | — | — | — | 18.19 | 24.85 | 1.29 | 0.69 | † | 0.69 | † | 0.40 | † | 269 | 143 | ||||||||||||||||||||||||||||||||||||||||||||||||
ING Large Cap Value Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.19 | 0.07 | 1.10 | 1.17 | 0.09 | 0.76 | — | 0.85 | — | 12.51 | 10.19 | 1.14 | 1.12 | 1.12 | 1.22 | 205,148 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 9.88 | 0.17 | 2.62 | 2.79 | 0.18 | 0.30 | — | 0.48 | — | 12.19 | 29.02 | 1.15 | 1.14 | 1.14 | 1.55 | 57,211 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 10.44 | 0.23 | • | (0.41 | ) | (0.18 | ) | 0.21 | 0.17 | — | 0.38 | — | 9.88 | (1.53 | ) | 1.21 | 1.15 | 1.15 | 2.30 | 32,435 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 8.53 | 0.20 | 1.91 | 2.11 | 0.18 | 0.02 | — | 0.20 | — | 10.44 | 25.07 | 1.20 | 1.14 | † | 1.14 | † | 2.18 | † | 11,331 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.00 | 0.16 | 1.52 | 1.68 | 0.15 | — | — | 0.15 | — | 8.53 | 24.22 | 2.12 | 1.25 | † | 1.25 | † | 1.94 | † | 6,788 | 113 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 9.63 | 0.21 | (2.62 | ) | (2.41 | ) | 0.22 | — | — | 0.22 | — | 7.00 | (25.15 | ) | 4.09 | 1.25 | † | 1.25 | † | 3.08 | † | 5,580 | 108 | |||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.13 | 0.03 | • | 1.11 | 1.14 | 0.05 | 0.76 | — | 0.81 | — | 12.46 | 9.91 | 1.89 | 1.87 | 1.87 | 0.46 | 6,339 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 9.83 | 0.09 | • | 2.60 | 2.69 | 0.09 | 0.30 | — | 0.39 | — | 12.13 | 28.06 | 1.90 | 1.89 | 1.89 | 0.82 | 589 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 10.40 | 0.16 | • | (0.41 | ) | (0.25 | ) | 0.15 | 0.17 | — | 0.32 | — | 9.83 | (2.27 | ) | 1.96 | 1.90 | 1.90 | 1.58 | 567 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 8.51 | 0.13 | 1.90 | 2.03 | 0.12 | 0.02 | — | 0.14 | — | 10.40 | 24.01 | 1.95 | 1.89 | † | 1.89 | † | 1.44 | † | 295 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 6.99 | 0.09 | 1.53 | 1.62 | 0.10 | — | — | 0.10 | — | 8.51 | 23.31 | 2.87 | 2.00 | † | 2.00 | † | 1.16 | † | 219 | 113 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 9.61 | 0.16 | • | (2.60 | ) | (2.44 | ) | 0.18 | — | — | 0.18 | — | 6.99 | (25.54 | ) | 4.84 | 2.00 | † | 2.00 | † | 2.47 | † | 98 | 108 |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net asset value, beginning of year or period | | Net investment income (loss) | | Net realized and unrealized gain (loss) | | Total from investment operations | | From net investment income | | From net realized gains | | From return of capital | | Total distributions | | Payment by affiliate | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2)(3) | | Expenses net of fee waivers and/or recoupments if any(2)(3) | | Expense net of all reductions/ additions(2)(3) | | Net investment income (loss)(2)(3) | | Net assets, end of year or period | | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | (%) | | (%) | | (%) | | (%) | | (%) | | ($000’s) | | (%) | |||||||||||||||||||||||||||||||||||
ING Large Cap Value Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.15 | 0.02 | 1.11 | 1.13 | 0.05 | 0.76 | — | 0.81 | — | 12.47 | 9.84 | 1.89 | 1.87 | 1.87 | 0.48 | 97,001 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 9.85 | 0.08 | 2.62 | 2.70 | 0.10 | 0.30 | — | 0.40 | — | 12.15 | 28.11 | 1.90 | 1.89 | 1.89 | 0.80 | 22,862 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 10.43 | 0.15 | • | (0.40 | ) | (0.25 | ) | 0.16 | 0.17 | — | 0.33 | — | 9.85 | (2.31 | ) | 1.96 | 1.90 | 1.90 | 1.55 | 12,095 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 8.54 | 0.11 | 1.92 | 2.03 | 0.12 | 0.02 | — | 0.14 | — | 10.43 | 23.98 | 1.95 | 1.89 | † | 1.89 | † | 1.40 | † | 3,697 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.01 | 0.10 | 1.53 | 1.63 | 0.10 | — | — | 0.10 | — | 8.54 | 23.32 | 2.87 | 2.00 | † | 2.00 | † | 1.19 | † | 1,201 | 113 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 9.62 | 0.14 | • | (2.57 | ) | (2.43 | ) | 0.18 | — | — | 0.18 | — | 7.01 | (25.33 | ) | 4.84 | 2.00 | † | 2.00 | † | 2.20 | † | 935 | 108 | ||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.84 | 0.10 | • | 1.17 | 1.27 | 0.11 | 0.76 | — | 0.87 | — | 13.24 | 10.48 | 0.80 | 0.78 | 0.78 | 1.56 | 209,812 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 10.38 | 0.22 | • | 2.75 | 2.97 | 0.21 | 0.30 | — | 0.51 | — | 12.84 | 29.44 | 0.82 | 0.80 | 0.80 | 1.90 | 277,638 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 10.95 | 0.28 | • | (0.43 | ) | (0.15 | ) | 0.25 | 0.17 | — | 0.42 | — | 10.38 | (1.22 | ) | 0.87 | 0.80 | 0.80 | 2.69 | 177,157 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 8.95 | 0.23 | 2.00 | 2.23 | 0.21 | 0.02 | — | 0.23 | — | 10.95 | 25.22 | 0.88 | 0.82 | † | 0.82 | † | 2.51 | † | 102,577 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
03-31-10(4)– 05-31-10 | 9.46 | 0.04 | (0.51 | ) | (0.47 | ) | 0.04 | — | — | 0.04 | — | 8.95 | (4.99 | ) | 1.84 | 0.97 | † | 0.97 | † | 2.18 | † | 44 | 113 | |||||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.18 | 0.07 | 1.10 | 1.17 | 0.09 | 0.76 | — | 0.85 | — | 12.50 | 10.23 | 1.14 | 1.12 | 1.12 | 1.22 | 6,189 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
01-28-13(4)– 05-31-13 | 11.15 | 0.06 | • | 1.00 | 1.06 | 0.03 | — | — | 0.03 | — | 12.18 | 9.54 | 1.15 | 1.14 | 1.14 | 1.54 | 375 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.17 | 0.06 | • | 1.11 | 1.17 | 0.08 | 0.76 | — | 0.84 | — | 12.50 | 10.22 | 1.39 | 1.32 | 1.32 | 1.05 | 3,819 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 9.88 | 0.14 | 2.62 | 2.76 | 0.17 | 0.30 | — | 0.47 | — | 12.17 | 28.74 | 1.40 | 1.34 | 1.34 | 1.32 | 2,089 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)– 05-31-12 | 9.19 | 0.16 | • | 0.85 | 1.01 | 0.15 | 0.17 | — | 0.32 | — | 9.88 | 11.22 | 1.46 | 1.39 | 1.39 | 2.02 | 87 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.84 | 0.10 | • | 1.16 | 1.26 | 0.11 | 0.76 | — | 0.87 | — | 13.23 | 10.41 | 0.80 | 0.78 | 0.78 | 1.58 | 245,710 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13(4)– 05-31-13 | 12.84 | 0.00 | • | 0.00 | • | 0.00 | • | — | — | — | — | — | 12.84 | 0.00 | 0.79 | 0.78 | 0.78 | 1.92 | 3 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 12.81 | 0.09 | 1.17 | 1.26 | 0.11 | 0.76 | — | 0.87 | — | 13.20 | 10.38 | 0.89 | 0.87 | 0.87 | 1.50 | 48,397 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 10.36 | 0.19 | 2.76 | 2.95 | 0.20 | 0.30 | — | 0.50 | — | 12.81 | 29.32 | 0.90 | 0.89 | 0.89 | 1.79 | 35,301 | 123 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 10.93 | 0.26 | • | (0.42 | ) | (0.16 | ) | 0.24 | 0.17 | — | 0.41 | — | 10.36 | (1.29 | ) | 0.96 | 0.90 | 0.90 | 2.53 | 6,345 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 8.93 | 0.19 | 2.04 | 2.23 | 0.21 | 0.02 | — | 0.23 | — | 10.93 | 25.25 | 0.95 | 0.89 | † | 0.89 | † | 2.37 | † | 64 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
06-01-09(4)– 05-31-10 | 7.50 | 0.17 | 1.43 | 1.60 | 0.17 | — | — | 0.17 | — | 8.93 | 21.48 | 1.84 | 0.97 | † | 0.97 | † | 2.20 | † | 4 | 113 | ||||||||||||||||||||||||||||||||||||||||||||||||
ING Mid Cap Value Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 14.14 | 0.04 | 1.71 | 1.75 | — | — | — | — | — | 15.89 | 12.38 | 0.86 | 0.86 | 0.85 | 0.49 | 299,757 | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 12.30 | 0.12 | 3.40 | 3.52 | 0.12 | 1.56 | — | 1.68 | — | 14.14 | 30.87 | 0.87 | 0.88 | 0.86 | 0.87 | 293,575 | 111 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-03-11(4)– 05-31-12 | 10.00 | 0.06 | 2.52 | 2.58 | 0.03 | 0.25 | — | 0.28 | — | 12.30 | 26.07 | 0.92 | 0.90 | 0.87 | 0.84 | 227,880 | 88 | |||||||||||||||||||||||||||||||||||||||||||||||||||
ING MidCap Opportunities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 22.89 | (0.05 | ) | 2.84 | 2.79 | — | — | — | — | — | 25.68 | 12.19 | 1.34 | 1.32 | 1.32 | (0.40 | ) | 443,912 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 19.35 | (0.02 | ) | 4.11 | 4.09 | — | 0.55 | — | 0.55 | — | 22.89 | 21.54 | 1.33 | 1.33 | 1.33 | (0.09 | ) | 395,343 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 21.14 | (0.03 | ) | (1.17 | ) | (1.20 | ) | — | 0.59 | — | 0.59 | 0.00 | * | 19.35 | (5.43 | )(a) | 1.37 | 1.35 | 1.35 | (0.17 | ) | 292,698 | 89 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 15.25 | 0.01 | 5.88 | 5.89 | — | — | — | — | — | 21.14 | 38.62 | 1.38 | 1.34 | † | 1.34 | † | 0.09 | † | 288,383 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 11.35 | (0.06 | )• | 3.90 | 3.84 | — | — | — | — | 0.06 | 15.25 | 34.36 | (b) | 1.55 | 1.35 | † | 1.35 | † | (0.40 | )† | 140,802 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 16.65 | (0.05 | )• | (5.13 | ) | (5.18 | ) | — | 0.12 | — | 0.12 | 0.00 | * | 11.35 | (31.05 | )(c) | 1.73 | 1.35 | † | 1.35 | † | (0.41 | )† | 112,412 | 201 | |||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 20.17 | (0.12 | )• | 2.49 | 2.37 | — | — | — | — | — | 22.54 | 11.75 | 2.09 | 2.07 | 2.07 | (1.15 | ) | 5,236 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 17.24 | (0.16 | )• | 3.64 | 3.48 | — | 0.55 | — | 0.55 | — | 20.17 | 20.63 | 2.08 | 2.08 | 2.08 | (0.85 | ) | 5,515 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 19.05 | (0.16 | )• | (1.06 | ) | (1.22 | ) | — | 0.59 | — | 0.59 | 0.00 | * | 17.24 | (6.14 | )(a) | 2.12 | 2.10 | 2.10 | (0.93 | ) | 6,245 | 89 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 13.84 | (0.10 | )• | 5.31 | 5.21 | — | — | — | — | — | 19.05 | 37.64 | 2.13 | 2.09 | † | 2.09 | † | (0.63 | )† | 9,999 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 10.38 | (0.15 | )• | 3.55 | 3.40 | — | — | — | — | 0.06 | 13.84 | 33.33 | (b) | 2.30 | 2.10 | † | 2.10 | † | (1.20 | )† | 13,644 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 15.36 | (0.14 | )• | (4.72 | ) | (4.86 | ) | — | 0.12 | — | 0.12 | 0.00 | * | 10.38 | (31.58 | )(c) | 2.43 | 2.10 | † | 2.10 | † | (1.23 | )† | 17,546 | 201 |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net asset value, beginning of year or period | | Net investment income (loss) | | Net realized and unrealized gain (loss) | | Total from investment operations | | From net investment income | | From net realized gains | | From return of capital | | Total distributions | | Payment by affiliate | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2)(3) | | Expenses net of fee waivers and/or recoupments if any(2)(3) | | Expense net of all reductions/ additions(2)(3) | | Net investment income (loss)(2)(3) | | Net assets, end of year or period | | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | (%) | | (%) | | (%) | | (%) | | (%) | | ($000’s) | | (%) | |||||||||||||||||||||||||||||||||||
ING MidCap Opportunities Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 20.06 | (0.12 | ) | 2.47 | 2.35 | — | — | — | — | — | 22.41 | 11.71 | 2.09 | 2.07 | 2.07 | (1.15 | ) | 127,790 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 17.15 | (0.15 | ) | 3.61 | 3.46 | — | 0.55 | — | 0.55 | — | 20.06 | 20.62 | 2.08 | 2.08 | 2.08 | (0.85 | ) | 111,350 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 18.95 | (0.16 | )• | (1.05 | ) | (1.21 | ) | — | 0.59 | — | 0.59 | 0.00 | * | 17.15 | (6.11 | )(a) | 2.12 | 2.10 | 2.10 | (0.92 | ) | 87,941 | 89 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 13.76 | (0.09 | ) | 5.28 | 5.19 | — | — | — | — | — | 18.95 | 37.72 | 2.13 | 2.09 | † | 2.09 | † | (0.65 | )† | 84,997 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 10.33 | (0.14 | )• | 3.51 | 3.37 | — | — | — | — | 0.06 | 13.76 | 33.20 | (b) | 2.30 | 2.10 | † | 2.10 | † | (1.16 | )† | 53,098 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 15.27 | (0.14 | ) | (4.68 | ) | (4.82 | ) | — | 0.12 | — | 0.12 | 0.00 | * | 10.33 | (31.50 | )(c) | 2.43 | 2.10 | † | 2.10 | † | (1.19 | )† | 43,922 | 201 | |||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 24.58 | (0.00 | )* | 3.04 | 3.04 | — | — | — | — | — | 27.62 | 12.37 | 0.96 | 0.92 | 0.92 | (0.00 | )* | 636,207 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 20.65 | 0.06 | 4.42 | �� | 4.48 | — | 0.55 | — | 0.55 | — | 24.58 | 22.08 | 0.97 | 0.91 | 0.91 | 0.34 | 496,950 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 22.42 | 0.06 | • | (1.24 | ) | (1.18 | ) | 0.00 | * | 0.59 | — | 0.59 | 0.00 | * | 20.65 | (5.01 | )(a) | 1.01 | 0.91 | 0.91 | 0.29 | 265,400 | 89 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 16.09 | 0.11 | • | 6.22 | 6.33 | — | — | — | — | — | 22.42 | 39.34 | 0.96 | 0.90 | † | 0.90 | † | 0.54 | † | 123,898 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 11.94 | 0.01 | 4.07 | 4.08 | — | — | — | — | 0.07 | 16.09 | 34.76 | (b) | 1.20 | 1.00 | † | 1.00 | † | 0.05 | † | 25,803 | 117 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 17.42 | 0.02 | • | (5.38 | ) | (5.36 | ) | — | 0.12 | — | 0.12 | 0.00 | * | 11.94 | (30.71 | )(c) | 1.18 | 0.85 | † | 0.85 | † | 0.13 | † | 8,475 | 201 | |||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 22.84 | (0.05 | ) | 2.82 | 2.77 | — | — | — | — | — | 25.61 | 12.13 | 1.34 | 1.32 | 1.32 | (0.40 | ) | 53,092 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 19.31 | (0.02 | ) | 4.10 | 4.08 | — | 0.55 | — | 0.55 | — | 22.84 | 21.54 | 1.33 | 1.33 | 1.33 | (0.09 | ) | 47,704 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 21.10 | (0.03 | ) | (1.17 | ) | (1.20 | ) | — | 0.59 | — | 0.59 | 0.00 | * | 19.31 | (5.44 | )(a) | 1.37 | 1.35 | 1.35 | (0.17 | ) | 41,517 | 89 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 15.21 | 0.02 | 5.87 | 5.89 | — | — | — | — | — | 21.10 | 38.72 | 1.38 | 1.34 | † | 1.34 | † | 0.11 | † | 45,434 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 11.32 | (0.06 | ) | 3.89 | 3.83 | — | — | — | — | 0.06 | 15.21 | 34.36 | (b) | 1.55 | 1.35 | † | 1.35 | † | (0.41 | )† | 34,216 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
06-04-08(4)– 05-31-09 | 16.47 | 0.00 | * | (5.03 | ) | (5.03 | ) | — | 0.12 | — | 0.12 | 0.00 | * | 11.32 | (30.48 | )(c) | 1.68 | 1.35 | † | 1.35 | † | 0.03 | † | 28,177 | 201 | |||||||||||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 22.79 | (0.08 | )• | 2.82 | 2.74 | — | — | — | — | — | 25.53 | 12.02 | 1.59 | 1.57 | 1.57 | (0.67 | ) | 1,230 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 19.31 | (0.08 | )• | 4.11 | 4.03 | — | 0.55 | — | 0.55 | — | 22.79 | 21.27 | 1.58 | 1.58 | 1.58 | (0.35 | ) | 654 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)– 05-31-12 | 17.95 | (0.07 | )• | 2.02 | 1.95 | — | 0.59 | — | 0.59 | 0.00 | * | 19.31 | 11.15 | (a) | 1.62 | 1.60 | 1.60 | (0.45 | ) | 14 | 89 | |||||||||||||||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 24.58 | 0.01 | 3.04 | 3.05 | — | — | — | — | — | 27.63 | 12.41 | 0.90 | 0.88 | 0.88 | 0.06 | 14,128 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13(4)– 05-31-13 | 24.58 | 0.00 | • | 0.00 | • | 0.00 | • | — | — | — | — | — | 24.58 | 0.00 | 0.88 | 0.88 | 0.88 | 0.37 | 3 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 24.42 | (0.02 | ) | 3.03 | 3.01 | — | — | — | — | — | 27.43 | 12.33 | 1.09 | 1.07 | 1.07 | (0.15 | ) | 119,277 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 20.56 | 0.03 | 4.38 | 4.41 | — | 0.55 | — | 0.55 | — | 24.42 | 21.83 | 1.08 | 1.08 | 1.08 | 0.16 | 97,680 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 22.37 | 0.01 | (1.23 | ) | (1.22 | ) | 0.00 | * | 0.59 | — | 0.59 | 0.00 | * | 20.56 | (5.20 | )(a) | 1.12 | 1.10 | 1.10 | 0.08 | 55,387 | 89 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 16.09 | 0.05 | 6.23 | 6.28 | — | — | — | — | — | 22.37 | 39.03 | 1.13 | 1.09 | † | 1.09 | † | 0.34 | † | 26,533 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||
06-01-09(4)– 05-31-10 | 12.38 | 0.01 | 3.63 | 3.64 | — | — | — | — | 0.07 | 16.09 | 29.97 | (b) | 1.23 | 1.03 | † | 1.03 | † | 0.16 | † | 5,392 | 117 | |||||||||||||||||||||||||||||||||||||||||||||||
ING Real Estate Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 17.23 | 0.09 | (1.02 | ) | (0.93 | ) | 0.20 | — | — | 0.20 | — | 16.10 | (5.43 | ) | 1.22 | 1.22 | 1.22 | 1.05 | 222,625 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 15.45 | 0.16 | • | 1.95 | 2.11 | 0.33 | — | — | 0.33 | — | 17.23 | 13.78 | 1.22 | 1.22 | 1.22 | 0.99 | 214,477 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 15.23 | 0.14 | 0.39 | 0.53 | 0.31 | — | — | 0.31 | — | 15.45 | 3.66 | 1.20 | 1.20 | 1.20 | 0.88 | 177,041 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 11.91 | 0.09 | • | 3.50 | 3.59 | 0.27 | — | — | 0.27 | — | 15.23 | 30.67 | 1.21 | 1.22 | † | 1.22 | † | 0.71 | † | 152,777 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.63 | 0.20 | 4.42 | 4.62 | 0.22 | — | 0.12 | 0.34 | — | 11.91 | 61.88 | 1.25 | 1.25 | † | 1.25 | † | 2.03 | † | 114,792 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 14.89 | 0.26 | • | (7.14 | ) | (6.88 | ) | 0.24 | — | 0.14 | 0.38 | — | 7.63 | (46.62 | ) | 1.35 | 1.34 | † | 1.34 | † | 2.65 | † | 57,141 | 105 | ||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 17.30 | 0.02 | (1.01 | ) | (0.99 | ) | 0.13 | — | — | 0.13 | — | 16.18 | (5.73 | ) | 1.97 | 1.97 | 1.97 | 0.29 | 835 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 15.51 | 0.04 | • | 1.95 | 1.99 | 0.20 | — | — | 0.20 | — | 17.30 | 12.92 | 1.97 | 1.97 | 1.97 | 0.25 | 934 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 15.28 | 0.02 | • | 0.40 | 0.42 | 0.19 | — | — | 0.19 | — | 15.51 | 2.87 | 1.95 | 1.95 | 1.95 | 0.11 | 1,007 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 11.94 | (0.01 | )• | 3.52 | 3.51 | 0.17 | — | — | 0.17 | — | 15.28 | 29.71 | 1.96 | 1.97 | † | 1.97 | † | (0.04 | )† | 1,404 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.65 | 0.13 | • | 4.44 | 4.57 | 0.16 | — | 0.12 | 0.28 | — | 11.94 | 60.83 | 2.00 | 2.00 | † | 2.00 | † | 1.32 | † | 1,665 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 14.93 | 0.17 | • | (7.16 | ) | (6.99 | ) | 0.15 | — | 0.14 | 0.29 | — | 7.65 | (47.07 | ) | 2.10 | 2.09 | † | 2.09 | † | 1.75 | † | 1,374 | 105 |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net asset value, beginning of year or period | | Net investment income (loss) | | Net realized and unrealized gain (loss) | | Total from investment operations | | From net investment income | | From net realized gains | | From return of capital | | Total distributions | | Payment by affiliate | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2)(3) | | Expenses net of fee waivers and/or recoupments if any(2)(3) | | Expense net of all reductions/ additions(2)(3) | | Net investment income (loss)(2)(3) | | Net assets, end of year or period | | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | (%) | | (%) | | (%) | | (%) | | (%) | | ($000’s) | | (%) | |||||||||||||||||||||||||||||||||||
ING Real Estate Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 18.03 | 0.02 | (1.05 | ) | (1.03 | ) | 0.13 | — | — | 0.13 | — | 16.87 | (5.73 | ) | 1.97 | 1.97 | 1.97 | 0.29 | 23,989 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 16.16 | 0.04 | • | 2.04 | 2.08 | 0.21 | — | — | 0.21 | — | 18.03 | 12.92 | 1.97 | 1.97 | 1.97 | 0.24 | 25,680 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 15.92 | 0.02 | • | 0.41 | 0.43 | 0.19 | — | — | 0.19 | — | 16.16 | 2.85 | 1.95 | 1.95 | 1.95 | 0.14 | 17,615 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 12.44 | (0.01 | )• | 3.67 | 3.66 | 0.18 | — | — | 0.18 | — | 15.92 | 29.72 | 1.96 | 1.97 | † | 1.97 | † | (0.07 | )† | 14,016 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.96 | 0.13 | • | 4.63 | 4.76 | 0.16 | — | 0.12 | 0.28 | — | 12.44 | 60.80 | 2.00 | 2.00 | † | 2.00 | † | 1.28 | † | 6,305 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 15.52 | 0.21 | • | (7.46 | ) | (7.25 | ) | 0.17 | — | 0.14 | 0.31 | — | 7.96 | (47.02 | ) | 2.10 | 2.09 | † | 2.09 | † | 2.32 | † | 3,955 | 105 | ||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 18.50 | 0.12 | (1.10 | ) | (0.98 | ) | 0.22 | — | — | 0.22 | — | 17.30 | (5.32 | ) | 0.91 | 0.91 | 0.91 | 1.35 | 745,866 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 16.56 | 0.24 | • | 2.09 | 2.33 | 0.39 | — | — | 0.39 | — | 18.50 | 14.19 | 0.89 | 0.89 | 0.89 | 1.32 | 809,016 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 16.31 | 0.20 | 0.40 | 0.60 | 0.35 | — | — | 0.35 | — | 16.56 | 3.89 | 0.90 | 0.90 | 0.90 | 1.17 | 654,590 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 12.73 | 0.15 | • | 3.75 | 3.90 | 0.32 | — | — | 0.32 | — | 16.31 | 31.14 | 0.86 | 0.87 | † | 0.87 | † | 1.06 | † | 551,630 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 8.13 | 0.26 | 4.71 | 4.97 | 0.25 | — | 0.12 | 0.37 | — | 12.73 | 62.54 | 0.90 | 0.90 | † | 0.90 | † | 2.43 | † | 399,788 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 15.84 | 0.32 | • | (7.61 | ) | (7.29 | ) | 0.28 | — | 0.14 | 0.42 | — | 8.13 | (46.44 | ) | 0.92 | 0.91 | † | 0.91 | † | 3.25 | † | 316,925 | 105 | ||||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 17.21 | 0.08 | (1.01 | ) | (0.93 | ) | 0.20 | — | — | 0.20 | — | 16.08 | (5.45 | ) | 1.22 | 1.22 | 1.22 | 1.04 | 32,694 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 15.43 | 0.16 | 1.95 | 2.11 | 0.33 | — | — | 0.33 | — | 17.21 | 13.80 | 1.22 | 1.22 | 1.22 | 0.99 | 36,794 | 40 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 15.21 | 0.12 | 0.40 | 0.52 | 0.30 | — | — | 0.30 | — | 15.43 | 3.65 | 1.20 | 1.20 | 1.20 | 0.88 | 34,055 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 11.89 | 0.09 | 3.50 | 3.59 | 0.27 | — | — | 0.27 | — | 15.21 | 30.70 | 1.21 | 1.22 | † | 1.22 | † | 0.71 | † | 35,419 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 7.61 | 0.20 | 4.42 | 4.62 | 0.22 | — | 0.12 | 0.34 | — | 11.89 | 62.05 | 1.25 | 1.25 | † | 1.25 | † | 2.04 | † | 28,574 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 14.86 | 0.25 | (7.12 | ) | (6.87 | ) | 0.24 | — | 0.14 | 0.38 | — | 7.61 | (46.66 | ) | 1.35 | 1.34 | † | 1.34 | † | 2.54 | † | 17,709 | 105 | |||||||||||||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 17.19 | 0.06 | • | (1.00 | ) | (0.94 | ) | 0.19 | — | — | 0.19 | — | 16.06 | (5.52 | ) | 1.47 | 1.47 | 1.47 | 0.78 | 1,184 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 15.43 | 0.11 | • | 1.96 | 2.07 | 0.31 | — | — | 0.31 | — | 17.19 | 13.51 | 1.47 | 1.47 | 1.47 | 0.64 | 719 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)– 05-31-12 | 13.11 | 0.01 | • | 2.53 | 2.54 | 0.22 | — | — | 0.22 | — | 15.43 | 19.61 | 1.45 | 1.45 | 1.45 | 0.09 | 104 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 20.79 | 0.14 | (1.24 | ) | (1.10 | ) | 0.22 | — | — | 0.22 | — | 19.47 | (5.33 | ) | 0.97 | 0.97 | 0.97 | 1.30 | 180,726 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 18.56 | 0.24 | • | 2.36 | 2.60 | 0.37 | — | — | 0.37 | — | 20.79 | 14.11 | 0.97 | 0.97 | 0.97 | 1.22 | 175,318 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 18.23 | 0.20 | • | 0.47 | 0.67 | 0.34 | — | — | 0.34 | — | 18.56 | 3.87 | 0.95 | 0.95 | 0.95 | 1.13 | 99,962 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 14.19 | 0.15 | • | 4.19 | 4.34 | 0.30 | — | — | 0.30 | — | 18.23 | 31.07 | 0.96 | 0.97 | † | 0.97 | † | 0.92 | † | 34,534 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 9.03 | 0.24 | 5.29 | 5.53 | 0.25 | — | 0.12 | 0.37 | — | 14.19 | 62.45 | 1.00 | 1.00 | † | 1.00 | † | 2.02 | † | 8,628 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 17.52 | 0.38 | • | (8.45 | ) | (8.07 | ) | 0.28 | — | 0.14 | 0.42 | — | 9.03 | (46.47 | ) | 0.92 | 0.91 | † | 0.91 | † | 3.97 | † | 826 | 105 | ||||||||||||||||||||||||||||||||||||||||||||
ING SmallCap Opportunities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 50.19 | (0.20 | )• | 8.91 | 8.71 | — | — | — | — | — | 58.90 | 17.35 | 1.44 | 1.44 | 1.44 | (0.72 | ) | 120,393 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 40.08 | (0.24 | ) | 11.07 | 10.83 | — | 0.72 | — | 0.72 | — | 50.19 | 27.36 | 1.53 | 1.50 | 1.50 | (0.57 | ) | 90,931 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 42.28 | (0.33 | ) | (1.95 | ) | (2.28 | ) | — | — | — | — | 0.08 | 40.08 | (5.20 | )(d) | 1.60 | 1.50 | 1.50 | (0.79 | ) | 65,652 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 31.17 | (0.28 | )• | 11.39 | 11.11 | — | — | — | — | — | 42.28 | 35.64 | 1.58 | 1.50 | † | 1.50 | † | (0.80 | )† | 81,526 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 22.81 | (0.20 | )• | 8.18 | 7.98 | — | — | — | — | 0.38 | 31.17 | 36.65 | (e) | 1.78 | 1.50 | † | 1.50 | † | (0.72 | )† | 73,545 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 34.07 | (0.16 | ) | (11.10 | ) | (11.26 | ) | — | — | — | — | — | 22.81 | (33.05 | ) | 1.96 | 1.50 | † | 1.50 | † | (0.60 | )† | 69,551 | 178 | ||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 43.15 | (0.34 | )• | 7.64 | 7.30 | — | — | — | — | — | 50.45 | 16.92 | 2.19 | 2.19 | 2.19 | (1.48 | ) | 1,172 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 34.81 | (0.50 | )• | 9.56 | 9.06 | — | 0.72 | — | 0.72 | — | 43.15 | 26.41 | 2.28 | 2.25 | 2.25 | (1.30 | ) | 1,121 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 37.00 | (0.52 | )• | (1.74 | ) | (2.26 | ) | — | — | — | — | 0.07 | 34.81 | (5.92 | )(d) | 2.35 | 2.25 | 2.25 | (1.54 | ) | 1,420 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 27.48 | (0.48 | )• | 10.00 | 9.52 | — | — | — | — | — | 37.00 | 34.64 | 2.33 | 2.25 | † | 2.25 | † | (1.55 | )† | 2,577 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 20.27 | (0.41 | )• | 7.28 | 6.87 | — | — | — | — | 0.34 | 27.48 | 35.57 | (e) | 2.53 | 2.25 | † | 2.25 | † | (1.66 | )† | 3,434 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 30.50 | (0.31 | )• | (9.92 | ) | (10.23 | ) | — | — | — | — | — | 20.27 | (33.54 | ) | 2.66 | 2.25 | † | 2.25 | † | (1.38 | )† | 4,879 | 178 |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net asset value, beginning of year or period | | Net investment income (loss) | | Net realized and unrealized gain (loss) | | Total from investment operations | | From net investment income | | From net realized gains | | From return of capital | | Total distributions | | Payment by affiliate | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2)(3) | | Expenses net of fee waivers and/or recoupments if any(2)(3) | | Expense net of all reductions/ additions(2)(3) | | Net investment income (loss)(2)(3) | | Net assets, end of year or period | | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | ($) | | (%) | | (%) | | (%) | | (%) | | (%) | | ($000’s) | | (%) | |||||||||||||||||||||||||||||||||||
ING SmallCap Opportunities Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 43.06 | (0.34 | )• | 7.63 | 7.29 | — | — | — | — | — | 50.35 | 16.93 | 2.19 | 2.19 | 2.19 | (1.47 | ) | 38,604 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 34.74 | (0.51 | )• | 9.55 | 9.04 | — | 0.72 | — | 0.72 | — | 43.06 | 26.41 | 2.28 | 2.25 | 2.25 | (1.32 | ) | 26,925 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 36.93 | (0.52 | )• | �� | (1.74 | ) | (2.26 | ) | — | — | — | — | 0.07 | 34.74 | (5.93 | )(d) | 2.35 | 2.25 | 2.25 | (1.54 | ) | 21,337 | 72 | |||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 27.43 | (0.48 | )• | 9.98 | 9.50 | — | — | — | — | — | 36.93 | 34.63 | 2.33 | 2.25 | † | 2.25 | † | (1.54 | )† | 25,210 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 20.22 | (0.36 | )• | 7.23 | 6.87 | — | — | — | — | 0.34 | 27.43 | 35.66 | (e) | 2.53 | 2.25 | † | 2.25 | † | (1.44 | )† | 20,356 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 30.43 | (0.33 | ) | (9.88 | ) | (10.21 | ) | — | — | — | — | — | 20.22 | (33.55 | ) | 2.66 | 2.25 | † | 2.25 | † | (1.35 | )† | 16,536 | 178 | ||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 52.86 | (0.11 | )• | 9.40 | 9.29 | — | — | — | — | — | 62.15 | 17.57 | 1.19 | 1.10 | 1.10 | (0.38 | ) | 294,253 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 42.02 | (0.06 | ) | 11.62 | 11.56 | — | 0.72 | — | 0.72 | — | 52.86 | 27.84 | 1.30 | 1.10 | 1.10 | (0.17 | ) | 156,543 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 44.15 | (0.17 | )• | (2.04 | ) | (2.21 | ) | — | — | — | — | 0.08 | 42.02 | (4.82 | )(d) | 1.32 | 1.10 | 1.10 | (0.40 | ) | 83,733 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 32.40 | (0.13 | )• | 11.88 | 11.75 | — | — | — | — | — | 44.15 | 36.27 | 1.16 | 1.08 | † | 1.08 | † | (0.33 | )† | 28,813 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 23.59 | (0.04 | ) | 8.45 | 8.41 | — | — | — | — | 0.40 | 32.40 | 37.35 | (e) | 1.29 | 1.01 | † | 1.01 | † | (0.15 | )† | 7,423 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 35.05 | (0.03 | ) | (11.43 | ) | (11.46 | ) | — | — | — | — | — | 23.59 | (32.70 | ) | 1.42 | 1.01 | † | 1.01 | † | (0.10 | )† | 5,226 | 178 | ||||||||||||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 49.93 | (0.25 | )• | 8.85 | 8.60 | — | — | — | — | — | 58.53 | 17.22 | 1.69 | 1.69 | 1.69 | (0.92 | ) | 424 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 39.97 | (0.30 | )• | 10.98 | 10.68 | — | 0.72 | — | 0.72 | — | 49.93 | 27.06 | 1.78 | 1.75 | 1.75 | (0.65 | ) | 137 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)– 05-31-12 | 35.38 | (0.33 | )• | 4.84 | 4.51 | — | — | — | — | 0.08 | 39.97 | 12.97 | (d) | 1.85 | 1.75 | 1.75 | (1.03 | ) | 3 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 52.86 | (0.09 | ) | 9.38 | 9.29 | — | — | — | — | — | 62.15 | 17.57 | 1.08 | 1.05 | 1.05 | (0.33 | ) | 4 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13(4)– 05-31-13 | 52.86 | 0.00 | • | 0.00 | • | 0.00 | • | — | — | — | — | — | 52.86 | 0.00 | 1.08 | 1.05 | 1.05 | (0.12 | ) | 3 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-30-13 | 52.42 | (0.13 | )• | 9.31 | 9.18 | — | — | — | — | — | 61.60 | 17.51 | 1.19 | 1.19 | 1.19 | (0.46 | ) | 25,166 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-13 | 41.73 | (0.10 | )• | 11.51 | 11.41 | — | 0.72 | — | 0.72 | — | 52.42 | 27.67 | 1.28 | 1.25 | 1.25 | (0.22 | ) | 14,910 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
05-31-12 | 43.91 | (0.22 | )• | (2.04 | ) | (2.26 | ) | — | — | — | — | 0.08 | 41.73 | (4.96 | )(d) | 1.35 | 1.25 | 1.25 | (0.53 | ) | 3,738 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-11 | 32.29 | (0.15 | ) | 11.77 | 11.62 | — | — | — | — | — | 43.91 | 35.99 | 1.33 | 1.25 | † | 1.25 | † | (0.51 | )† | 1,116 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||
05-31-10 | 23.54 | (0.14 | )• | 8.49 | 8.35 | — | — | — | — | 0.40 | 32.29 | 37.17 | (e) | 1.40 | 1.12 | † | 1.12 | † | (0.50 | )† | 549 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||
05-31-09 | 34.99 | 0.05 | • | (11.50 | ) | (11.45 | ) | — | — | — | — | — | 23.54 | (32.72 | ) | 1.42 | 1.01 | † | 1.01 | † | 0.24 | † | 530 | 178 |
(1) | Total return is calculated assuming reinvestment of all dividends, capital gain distributions and return of capital distributions, if any, at net asset value and excluding the deduction of sales charges or contingent deferred sales charges, if applicable. Total return for periods less than one year is not annualized. |
(2) | Annualized for periods less than one year. |
(3) | Expense ratios reflect operating expenses of a Fund. Expenses before reductions/additions do not reflect amounts reimbursed by the Investment Adviser and/or Distributor or reductions from brokerage service arrangements or other expense offset arrangements and do not represent the amount paid by a Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by an Investment Adviser and/or Distributor but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions/additions represent the net expenses paid by a Fund. Net investment income (loss) is net of all such additions or reductions. |
(4) | Commencement of operations. |
(a) | Excluding a payment from distribution settlement in the fiscal year ended May 31, 2012, MidCap Opportunities total return would have been (5.44)%, (6.16)%, (6.13)%, (5.02)%, (5.45)%, 11.13% and (5.22)% on Classes A, B, C, I, O, R and W, respectively. |
(b) | Excluding a payment from distribution settlement in the fiscal year ended May 31, 2010, MidCap Opportunities total return would have been 33.81%, 32.78%, 32.65%, 34.20%, 33.81% and 29.43% for Classes A, B, C, I, O and W, respectively. |
(c) | There was no impact on total return by the affiliate payment. |
(d) | Excluding a payment from distribution settlement in the fiscal year ended May 31, 2012, SmallCap Opportunities total return would have been (5.38)%, (6.08)%, (6.09)%, (5.01)%, 12.75% and (5.16)% on Classes A, B, C, I, R and W, respectively. |
(e) | Excluding a payment from distribution settlement in the fiscal year ended May 31, 2010, SmallCap Opportunities total return would have been 34.98%, 33.91%, 33.99%, 35.66% and 35.49% for Classes A, B, C, I and W, respectively. |
• | Calculated using average number of shares outstanding throughout the period. |
* | Amount is less than $0.005 or 0.005% or more than $(0.005) or (0.005)%. |
† | Impact of waiving the advisory fee for the ING Institutional Prime Money Market Fund holding has less than 0.005% impact on the expense ratio and net investment income or loss ratio. |
under the supervision of the Funds’ Board of Trustees (“Board”), in accordance with methods that are specifically authorized by the Board. Securities traded on exchanges, including foreign exchanges, which close earlier than the time that a Fund calculates its NAV may also be valued at their fair values as determined in good faith by or under the supervision of a Fund’s Board, in accordance with methods that are specifically authorized by the Board. All such fair valuations are made in accordance with valuation procedures of the Funds (the “Valuation Procedures”) which have been approved by the Board. The valuation techniques applied in any specific instance are set forth in the Valuation Procedures and may vary from case to case. With respect to a restricted security, for example, consideration is generally given to the cost of the investment, the market value of any unrestricted securities of the same class at the time of valuation, the potential expiration of restrictions on the security, the existence of any registration rights, the costs to the Funds related to registration of the security, as well as factors relevant to the issuer itself. Consideration may also be given to the price and extent of any public trading in similar securities of the issuer or comparable companies’ securities.
generally considered to be Level 2 securities under applicable accounting rules. A table summarizing each Fund’s investments under these levels of classification is included following the Summary Portfolios of Investments.
(1) | Market value of investment securities, other assets and liabilities — at the exchange rates prevailing at the end of the day. |
(2) | Purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions. |
withholding tax reclaims recorded on the Fund’s books, and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments in securities at fiscal year end, resulting from changes in the exchange rate. Foreign security and currency transactions may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, revaluation of currencies and future adverse political and economic developments which could cause securities and their markets to be less liquid and prices more volatile than those of comparable U.S. companies and U.S. government securities. The foregoing risks are even greater with respect to securities of issuers in emerging markets.
Annually | Quarterly | |||||
---|---|---|---|---|---|---|
Growth Opportunities | Large Cap Value | |||||
Mid Cap Value | Real Estate | |||||
MidCap Opportunities | ||||||
SmallCap Opportunities |
Purchases | Sales | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | $ | 74,611,825 | $ | 80,940,888 | ||||||
Large Cap Value | 878,660,627 | 368,290,736 | ||||||||
Mid Cap Value | 89,594,945 | 117,387,087 | ||||||||
MidCap Opportunities | 630,202,842 | 543,907,235 | ||||||||
Real Estate | 380,286,087 | 352,458,358 | ||||||||
SmallCap Opportunities | 177,633,953 | 64,041,944 |
As a Percentage of Average Daily Net Assets | ||||||
---|---|---|---|---|---|---|
Growth Opportunities | 0.75% on first $500 million; 0.675% on next $500 million; and 0.65% in excess of $1 billion | |||||
Large Cap Value | 0.65% on all assets | |||||
Mid Cap Value | 0.70% | |||||
MidCap Opportunities | 0.75% | |||||
Real Estate | 0.70% | |||||
SmallCap Opportunities | 0.90% on first $250 million; 0.80% on next $250 million; and 0.75% in excess of $500 million |
Class A | Classes B and C | Class O | Class R | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | 0.35 | % | 1.00 | % | N/A | N/A | ||||||||||||
Large Cap Value | 0.25 | % | 1.00 | % | 0.25 | % | 0.50 | %(1) | ||||||||||
MidCap Opportunities | 0.25 | % | 1.00 | % | 0.25 | % | 0.50 | % | ||||||||||
Real Estate | 0.25 | % | 1.00 | % | 0.25 | % | 0.50 | % | ||||||||||
SmallCap Opportunities | 0.25 | % | 1.00 | % | N/A | 0.50 | % |
(1) | The Distributor has agreed to waive 0.05% of the distribution fee through October 1, 2014. Termination or modification of this contractual waiver requires approval by the Board. |
Class A | Class C | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Initial Sales Charges: | ||||||||||||||
Growth Opportunities | $ | 5,953 | $ | — | ||||||||||
Large Cap Value | 27,531 | — | ||||||||||||
MidCap Opportunities | 33,026 | — | ||||||||||||
Real Estate | 15,234 | — | ||||||||||||
SmallCap Opportunities | 9,748 | — | ||||||||||||
Contingent Deferred Sales Charges: | ||||||||||||||
Growth Opportunities | $ | — | $ | 86 | ||||||||||
Large Cap Value | 641 | 593 | ||||||||||||
MidCap Opportunities | 434 | 190 | ||||||||||||
Real Estate | 69 | 207 | ||||||||||||
SmallCap Opportunities | — | 441 | ||||||||||||
Affiliated Investment Company/Subsidiary | Fund | Percentage | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
ING Life Insurance and Annuity Company | Real Estate | 6.20 | % | |||||||
ING National Trust | Real Estate | 5.95 | ||||||||
ING Solution 2015 Portfolio | Mid Cap Value | 9.15 | ||||||||
ING Solution 2025 Portfolio | Large Cap Value | 6.90 | ||||||||
Mid Cap Value | 23.85 | |||||||||
ING Solution 2035 Portfolio | Large Cap Value | 8.51 | ||||||||
Mid Cap Value | 21.19 | |||||||||
ING Solution 2045 Portfolio | Large Cap Value | 6.31 | ||||||||
Mid Cap Value | 15.87 |
Class A | Class B | Class C | Class I | Class O | Class R | Class R6 | Class W | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | 1.40 | % | 2.05 | % | 2.05 | % | 1.05 | % | N/A | N/A | N/A | 1.05 | % | |||||||||||||||||||||
Large Cap Value | 1.25 | % | 2.00 | % | 2.00 | % | 1.00 | % | 1.25 | % | 1.50 | % | 0.78 | % | 1.00 | % | ||||||||||||||||||
Mid Cap Value | N/A | N/A | N/A | 0.90 | % | N/A | N/A | N/A | N/A | |||||||||||||||||||||||||
MidCap Opportunities(1)(2) | 1.35 | % | 2.10 | % | 2.10 | % | 0.98 | % | 1.35 | % | 1.60 | % | 0.88 | % | 1.10 | % | ||||||||||||||||||
Real Estate | 1.45 | % | 2.20 | % | 2.20 | % | 1.00 | % | 1.45 | % | 1.70 | % | N/A | 1.20 | % | |||||||||||||||||||
SmallCap Opportunities(2) | 1.50 | % | 2.25 | % | 2.25 | % | 1.10 | % | N/A | 1.75 | % | 1.05 | % | 1.25 | % |
(1) | Prior to September 30, 2013, the expense limit for Class I was 0.91%. |
(2) | Prior to September 30, 2013, the expense limits were pursuant to a side letter agreement and not recoupable. |
Class A | Class B | Class C | Class I | Class O | Class R | Class R6 | Class W | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | 1.35 | % | 2.00 | % | 2.00 | % | 1.00 | % | N/A | N/A | N/A | 1.00 | % | |||||||||||||||||||||
Large Cap Value | 1.25 | % | 2.00 | % | 2.00 | % | 0.80 | % | 1.25 | % | 1.50 | % | 0.78 | % | 1.00 | % |
November 30, | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2014 | 2015 | 2016 | Total | ||||||||||||||||
Growth Opportunities | $ | 18,904 | $ | 37,011 | $ | 243 | $ | 56,158 | |||||||||||
Large Cap Value | 93,783 | 93,507 | 74,989 | 262,279 |
November 30, | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2014 | 2015 | 2016 | Total | ||||||||||||||||
Growth Opportunities | |||||||||||||||||||
Class A | $ | 112,534 | $ | 100,844 | $ | 109,621 | $ | 322,999 | |||||||||||
Class B | 16,965 | 6,523 | 2,920 | 26,408 | |||||||||||||||
Class C | 42,136 | 33,647 | 35,915 | 111,698 | |||||||||||||||
Class W | 2,394 | 2,077 | 3,883 | 8,354 | |||||||||||||||
Large Cap Value | |||||||||||||||||||
Class I | $ | 1,909 | $ | 15,026 | $ | 11,600 | $ | 28,535 | |||||||||||
Class R6 | — | — | 5,195 | 5,195 | |||||||||||||||
SmallCap Opportunities | |||||||||||||||||||
Class I | $ | — | $ | — | $ | 33,129 | $ | 33,129 | |||||||||||
Class R6 | — | — | 1 | 1 |
Fund | Days Utilized | Approximate Average Daily Balance For Days Utilized | Approximate Weighted Average Interest Rate For Days Utilized | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | 1 | $ | 955,000 | 1.09 | % | |||||||||
Large Cap Value | 2 | 4,889,453 | 1.08 | |||||||||||
MidCap Opportunities | 3 | 2,878,333 | 1.08 | |||||||||||
SmallCap Opportunities | 3 | 15,921,667 | 1.10 |
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | |||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||||||||||
Growth Opportunities | ||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 164,176 | — | — | (232,330 | ) | (68,154 | ) | 4,924,561 | — | — | (7,045,673 | ) | (2,121,112 | ) | ||||||||||||||||||||||||||||
5/31/2013 | 1,370,297 | — | — | (1,146,406 | ) | 223,891 | 35,954,646 | — | — | (29,858,100 | ) | 6,096,546 | ||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 235 | — | — | (10,894 | ) | (10,659 | ) | 6,599 | — | — | (297,121 | ) | (290,522 | ) | ||||||||||||||||||||||||||||
5/31/2013 | 3,187 | — | — | (74,305 | ) | (71,118 | ) | 75,091 | — | — | (1,764,028 | ) | (1,688,937 | ) | ||||||||||||||||||||||||||||
Class C | �� | |||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 86,909 | — | — | (49,723 | ) | 37,186 | 2,407,977 | — | — | (1,384,225 | ) | 1,023,752 | ||||||||||||||||||||||||||||||
5/31/2013 | 173,326 | — | — | (122,265 | ) | 51,061 | 4,230,023 | — | — | (2,978,356 | ) | 1,251,667 | ||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 137,005 | — | — | (272,663 | ) | (135,658 | ) | 4,378,570 | — | — | (8,569,393 | ) | (4,190,823 | ) | ||||||||||||||||||||||||||||
5/31/2013 | 995,404 | — | — | (486,128 | ) | 509,276 | 27,793,719 | — | — | (14,075,747 | ) | 13,717,972 | ||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 15,751 | — | — | (30,970 | ) | (15,219 | ) | 504,862 | — | — | (979,481 | ) | (474,619 | ) | ||||||||||||||||||||||||||||
5/31/2013 | 57,156 | — | — | (18,802 | ) | 38,354 | 1,563,964 | — | — | (528,915 | ) | 1,035,049 |
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||||||||||||||
Large Cap Value | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 2,802,863 | 10,754,027 | 368,955 | (2,225,890 | ) | 11,699,955 | 10,443,068 | 126,629,016 | 4,299,707 | (26,561,684 | ) | 114,810,107 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 2,322,971 | — | 172,205 | (1,084,112 | ) | 1,411,064 | 25,288,662 | — | 1,837,564 | (12,021,140 | ) | 15,105,086 | ||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 7,971 | 502,733 | 3,738 | (54,083 | ) | 460,359 | 94,450 | 5,900,154 | 43,387 | (5,784,454 | ) | 253,537 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 17,921 | — | 1,708 | (28,687 | ) | (9,058 | ) | 195,764 | — | 18,093 | (302,118 | ) | (88,261 | ) | ||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 961,676 | 5,483,282 | 119,023 | (667,226 | ) | 5,896,755 | 439,164 | 64,422,783 | 1,381,479 | (7,950,841 | ) | 58,292,585 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 938,968 | — | 42,753 | (327,408 | ) | 654,313 | 10,534,870 | — | 453,507 | (3,584,112 | ) | 7,404,265 | ||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 3,407,889 | 2,105,744 | 785,683 | (12,065,760 | ) | (5,766,444 | ) | 50,795,882 | 26,214,088 | 9,674,225 | (155,617,906 | ) | (68,933,711 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 19,460,770 | — | 1,239,339 | (16,147,090 | ) | 4,553,019 | 218,928,375 | — | 13,934,095 | (192,428,779 | ) | 40,433,691 | ||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 66,810 | 426,865 | 20 | (29,536 | ) | 464,159 | 796,524 | 5,023,352 | 232 | (1,355,528 | ) | 4,464,580 | ||||||||||||||||||||||||||||||||||
1/28/2013–5/31/2013 | 33,818 | — | 1 | (3,035 | ) | 30,784 | 389,869 | — | 9 | (35,696 | ) | 354,182 | ||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 152,931 | — | 16,732 | (35,688 | ) | 133,975 | 1,841,035 | — | 194,495 | (426,330 | ) | 1,609,200 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 177,986 | — | 4,213 | (19,348 | ) | 162,851 | 1,928,979 | — | 45,065 | (215,935 | ) | 1,758,109 | ||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 21,455,201 | — | 1,207,610 | (4,094,630 | ) | 18,568,181 | 276,527,903 | — | 14,841,559 | (51,619,761 | ) | 239,749,701 | ||||||||||||||||||||||||||||||||||
5/31/2013(1)–5/31/2013 | 234 | — | — | — | 234 | 3,000 | — | — | — | 3,000 | ||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 479,117 | 545,161 | 205,552 | (320,056 | ) | 909,774 | 2,086,295 | 6,769,375 | 2,524,558 | (3,986,722 | ) | 7,393,506 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 2,416,489 | — | 92,623 | (366,053 | ) | 2,143,059 | 27,029,203 | — | 1,041,710 | (4,263,127 | ) | 23,807,786 | ||||||||||||||||||||||||||||||||||
Mid Cap Value | ||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 741,359 | — | — | (2,629,692 | ) | (1,888,333 | ) | 11,022,730 | — | — | (38,972,142 | ) | (27,949,412 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 6,753,035 | — | 2,711,321 | (7,228,962 | ) | 2,235,394 | 87,520,489 | — | 32,806,985 | (96,060,733 | ) | 24,266,741 | ||||||||||||||||||||||||||||||||||
MidCap Opportunities | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 2,080,750 | — | — | (2,061,614 | ) | 19,136 | 50,237,036 | — | — | (49,831,573 | ) | 405,463 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 6,342,516 | — | 374,714 | (4,571,268 | ) | 2,145,962 | 131,375,884 | — | 7,445,568 | (95,088,428 | ) | 43,733,024 | ||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 2,056 | — | — | (43,143 | ) | (41,087 | ) | 43,785 | — | — | (909,966 | ) | (866,181 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 13,676 | — | 7,465 | (109,989 | ) | (88,848 | ) | 243,461 | — | 131,159 | (2,003,415 | ) | (1,628,795 | ) | ||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 667,846 | — | — | (517,595 | ) | 150,251 | 14,177,294 | — | — | (10,538,797 | ) | 3,638,497 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 1,208,303 | — | 103,578 | (889,021 | ) | 422,860 | 22,178,936 | — | 1,809,514 | (16,231,217 | ) | 7,757,233 | ||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 5,594,562 | — | — | (2,781,522 | ) | 2,813,040 | 146,472,589 | — | — | (71,958,345 | ) | 74,514,244 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 12,825,877 | — | 361,565 | (5,817,021 | ) | 7,370,421 | 282,721,242 | — | 7,697,725 | (129,429,213 | ) | 160,989,754 | ||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 103,673 | — | — | (119,809 | ) | (16,136 | ) | 2,503,252 | — | — | (2,894,026 | ) | (390,774 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 282,805 | — | 2,097 | (346,301 | ) | (61,399 | ) | 5,860,350 | — | 41,571 | (7,191,087 | ) | (1,289,166 | ) | ||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 20,823 | — | — | (1,347 | ) | 19,476 | 508,944 | — | — | (31,414 | ) | 477,530 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 29,422 | — | 113 | (1,575 | ) | 27,960 | 648,129 | — | 2,232 | (33,608 | ) | 616,753 | ||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 546,738 | — | — | (35,605 | ) | 511,133 | 13,564,030 | — | — | (920,564 | ) | 12,643,466 | ||||||||||||||||||||||||||||||||||
5/31/2013(1)–5/31/2013 | 122 | — | — | — | 122 | 3,000 | — | — | — | 3,000 | ||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 945,194 | — | — | (595,898 | ) | 349,296 | 24,307,344 | — | — | (15,512,794 | ) | 8,794,550 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 1,876,666 | — | 80,676 | (651,452 | ) | 1,305,890 | 41,905,252 | — | 1,707,919 | (14,426,716 | ) | 29,186,455 | ||||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 3,638,527 | — | 153,204 | (2,413,920 | ) | 1,377,811 | 61,760,667 | — | 2,543,288 | (40,198,979 | ) | 24,104,976 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 5,598,520 | — | 214,770 | (4,825,358 | ) | 987,932 | 92,873,753 | — | 3,512,589 | (79,229,638 | ) | 17,156,704 | ||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 1,317 | — | 379 | (4,069 | ) | (2,373 | ) | 21,750 | — | 6,326 | (68,237 | ) | (40,161 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 9,679 | — | 673 | (21,270 | ) | (10,918 | ) | 157,064 | — | 11,036 | (350,671 | ) | (182,571 | ) |
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||||||||||||||
Real Estate, continued | ||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 231,472 | — | 8,657 | (241,761 | ) | (1,632 | ) | 4,074,477 | — | 150,582 | (4,205,511 | ) | 19,548 | |||||||||||||||||||||||||||||||||
5/31/2013 | 639,014 | — | 11,449 | (316,612 | ) | 333,851 | 11,198,873 | — | 196,083 | (5,483,606 | ) | 5,911,350 | ||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 5,431,497 | — | 301,146 | (6,369,804 | ) | (637,161 | ) | 97,398,843 | — | 5,366,718 | (113,543,232 | ) | (10,777,671 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 14,928,576 | — | 446,778 | (11,167,716 | ) | 4,207,638 | 265,101,834 | — | 7,849,899 | (198,761,181 | ) | 74,190,552 | ||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 110,860 | — | 679 | (216,954 | ) | (105,415 | ) | 1,843,295 | — | 11,256 | (3,604,278 | ) | (1,749,727 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 390,383 | — | 1,250 | (460,788 | ) | (69,155 | ) | 6,526,012 | — | 20,394 | (7,664,703 | ) | (1,118,297 | ) | ||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 43,001 | — | 441 | (11,570 | ) | 31,872 | 718,932 | — | 7,299 | (193,167 | ) | 533,064 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 41,595 | — | 311 | (6,798 | ) | 35,108 | 695,035 | — | 5,137 | (112,298 | ) | 587,874 | ||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 1,989,656 | — | 73,753 | (1,216,357 | ) | 847,052 | 40,195,797 | — | 1,478,551 | (24,391,375 | ) | 17,282,973 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 4,563,789 | — | 89,941 | (1,605,406 | ) | 3,048,324 | 90,286,886 | — | 1,782,639 | (32,105,817 | ) | 59,963,708 | ||||||||||||||||||||||||||||||||||
SmallCap Opportunities | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 511,806 | — | — | (279,665 | ) | 232,141 | 27,359,023 | — | — | (14,806,208 | ) | 12,552,815 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 485,643 | — | 21,142 | (332,930 | ) | 173,855 | 21,767,967 | — | 897,059 | (14,767,985 | ) | 7,897,041 | ||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 2,182 | — | — | (4,935 | ) | (2,753 | ) | 101,954 | — | — | (231,063 | ) | (129,109 | ) | ||||||||||||||||||||||||||||||||
5/31/2013 | 593 | — | 549 | (15,929 | ) | (14,787 | ) | 22,799 | — | 20,083 | (601,369 | ) | (558,487 | ) | ||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 172,900 | — | — | (31,455 | ) | 141,445 | 8,250,947 | — | — | (1,465,819 | ) | 6,785,128 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 92,566 | — | 6,714 | (88,158 | ) | 11,122 | 3,635,442 | — | 245,255 | (3,330,297 | ) | 550,400 | ||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 2,217,232 | — | — | (443,647 | ) | 1,773,585 | 125,157,133 | — | — | (25,580,484 | ) | 99,576,649 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 1,537,520 | — | 29,202 | (598,253 | ) | 968,469 | 73,497,528 | — | 1,302,728 | (28,078,901 | ) | 46,721,355 | ||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 5,308 | — | — | (810 | ) | 4,498 | 299,256 | — | — | (43,721 | ) | 255,535 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 3,092 | — | 9 | (442 | ) | 2,659 | 147,072 | — | 378 | (20,335 | ) | 127,115 | ||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
5/31/2013(1)–5/31/2013 | 57 | — | — | — | 57 | 3,000 | — | — | — | 3,000 | ||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||
11/30/2013 | 176,989 | — | — | (52,873 | ) | 124,116 | 10,159,659 | — | — | (3,077,402 | ) | 7,082,257 | ||||||||||||||||||||||||||||||||||
5/31/2013 | 299,303 | — | 3,172 | (107,637 | ) | 194,838 | 14,157,275 | — | 140,438 | (5,005,389 | ) | 9,292,324 |
(1) | Commencement of operations. |
Fund | Value of Securities Loaned | Cash Collateral Received | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Large Cap Value | $ | 5,785,713 | $ | 5,920,178 | ||||||
Mid Cap Value | 1,773,895 | 1,855,481 | ||||||||
MidCap Opportunities | 672,192 | 687,686 | ||||||||
SmallCap Opportunities | 18,819,169 | 19,248,483 |
Six Months Ended November 30, 2013 | Year Ended May 31, 2013 | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Ordinary Income | Long-term Capital Gains | Ordinary Income | Long-term Capital Gains | |||||||||||||||
Large Cap Value | $ | 24,724,836 | $ | 9,353,580 | $ | 11,610,900 | $ | 6,133,685 | ||||||||||
Mid Cap Value | — | — | 31,666,588 | 1,140,397 | ||||||||||||||
MidCap Opportunities | — | — | — | 24,244,835 | ||||||||||||||
Real Estate(1) | 21,447,110 | — | 22,785,685 | — | ||||||||||||||
SmallCap Opportunities | — | — | 1,088,936 | 2,328,380 |
(1) | Amounts and composition of dividends and distributions presented herein is based on the Fund’s current tax period (eleven months ended November 30, 2013) and tax year ended December 31, 2012. Composition of current period amounts may change after the Fund’s tax year-end of December 31, 2013. |
Undistributed Ordinary Income | Undistributed Long-term Capital Gains | Late Year Ordinary Losses Deferred | Unrealized Appreciation/ (Depreciation) | Short-term Capital Loss Carryforwards | Expiration | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Opportunities | $ | — | $ | — | $ | (128,223 | ) | $ | 20,031,600 | $ | (538,699 | ) | 2018 | |||||||||||||
Large Cap Value | 19,875,212 | 2,585,153 | — | 71,990,014 | — | — | ||||||||||||||||||||
Mid Cap Value | 13,739,110 | 20,022,906 | — | 35,600,625 | — | — | ||||||||||||||||||||
MidCap Opportunities | — | 50,538,105 | (43,044 | ) | 176,518,139 | (8,089,366 | )* | 2016 | ||||||||||||||||||
Real Estate(1) | — | — | — | 258,884,000 | (48,044,858 | ) | 2017 | |||||||||||||||||||
SmallCap Opportunities | 3,058,641 | 9,317,760 | (739,500 | ) | 41,832,447 | — | — |
(1) | As of the Fund’s tax year ended December 31, 2012. |
* | Utilization of these capital losses is subject to annual limitations under Section 382 of the Internal Revenue Code. Amounts and years of expiration may be adjusted to reflect future gain/loss activity to comply with the limitation rules. |
MidCap Opportunities | $ | 111,635 | ||||||||||||
SmallCap Opportunities | $ | 353,112 |
Net investment income | $ | 4,903,965 | ||||||||||||
Net realized and unrealized gain on investments | $ | 105,886,452 | ||||||||||||
Net increase in net assets resulting from operations | $ | 110,767,359 |
Acquiring Fund | Acquired Fund | Total Net Assets of Acquired Fund (000s) | Total Net Assets of Acquiring Fund (000s) | Acquired Capital Loss Carryforwards (000s) | Acquired Funds’ Unrealized Depreciation (000s) | Conversion Ratio | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Large Cap Value | ING Value Choice Fund | $ | 234,959 | $ | 510,508 | $ | 30,796 | $ | 36,883 | 1.3912 |
PER SHARE AMOUNTS | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Investment Income | Short-term Capital Gains | Long-term Capital Gains | Payable Date | Record Date | |||||||||||||||||||
Growth Opportunities | |||||||||||||||||||||||
Class A | $ | — | $ | 1.0203 | $ | 0.7831 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class B | $ | — | $ | 1.0203 | $ | 0.7831 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class C | $ | — | $ | 1.0203 | $ | 0.7831 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class I | $ | — | $ | 1.0203 | $ | 0.7831 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class W | $ | — | $ | 1.0203 | $ | 0.7831 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Large Cap Value | |||||||||||||||||||||||
Class A | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class B | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class C | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class I | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class O | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R6 | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class W | $ | — | $ | 0.0858 | $ | 0.2058 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class A | $ | 0.0498 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class B | $ | 0.0265 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class C | $ | 0.0273 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class I | $ | 0.0602 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class O | $ | 0.0500 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class R | $ | 0.0453 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class R6 | $ | 0.0602 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class W | $ | 0.0573 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Mid Cap Value | |||||||||||||||||||||||
Class I | $ | 0.0819 | $ | 1.0063 | $ | 1.5245 | December 18, 2013 | December 16, 2013 | |||||||||||||||
MidCap Opportunities | |||||||||||||||||||||||
Class A | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class B | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class C | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class I | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class O | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R6 | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class W | $ | — | $ | 0.4504 | $ | 1.7978 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Real Estate | |||||||||||||||||||||||
Class A | $ | 0.0808 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class B | $ | 0.0467 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class C | $ | 0.0480 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class I | $ | 0.0926 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class O | $ | 0.0810 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class R | $ | 0.0714 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
Class W | $ | 0.0909 | $ | — | $ | — | January 2, 2014 | December 30, 2013 | |||||||||||||||
SmallCap Opportunities | |||||||||||||||||||||||
Class A | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class B | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class C | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class I | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class R6 | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 | |||||||||||||||
Class W | $ | — | $ | 1.0139 | $ | 2.0705 | December 18, 2013 | December 16, 2013 |
ING GROWTH OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.6% | |||||||||||||||||||
Consumer Discretionary: 23.1% | |||||||||||||||||||
44,720 | Best Buy Co., Inc. | $ | 1,813,396 | 1.5 | |||||||||||||||
28,280 | Brinker International, Inc. | 1,330,009 | 1.0 | ||||||||||||||||
42,730 | CBS Corp. — Class B | 2,502,269 | 2.0 | ||||||||||||||||
5,590 | @ | Chipotle Mexican Grill, Inc. | 2,928,377 | 2.3 | |||||||||||||||
25,750 | @ | Delphi Automotive PLC | 1,507,662 | 1.2 | |||||||||||||||
32,670 | Gap, Inc. | 1,338,490 | 1.1 | ||||||||||||||||
28,600 | Home Depot, Inc. | 2,307,162 | 1.8 | ||||||||||||||||
30,215 | @ | Michael Kors Holdings Ltd. | 2,464,033 | 2.0 | |||||||||||||||
47,980 | Newell Rubbermaid, Inc. | 1,456,193 | 1.2 | ||||||||||||||||
1,120 | @ | Priceline.com, Inc. | 1,335,410 | 1.1 | |||||||||||||||
19,620 | Ross Stores, Inc. | 1,500,145 | 1.2 | ||||||||||||||||
24,910 | Starbucks Corp. | 2,029,169 | 1.6 | ||||||||||||||||
31,060 | @ | Tribune Co. | 2,313,970 | 1.9 | |||||||||||||||
41,000 | @ | Urban Outfitters, Inc. | 1,599,820 | 1.3 | |||||||||||||||
26,670 | Walt Disney Co. | 1,881,302 | 1.5 | ||||||||||||||||
32,930 | Other Securities | 475,509 | 0.4 | ||||||||||||||||
28,782,916 | 23.1 | ||||||||||||||||||
Consumer Staples: 9.8% | |||||||||||||||||||
38,740 | Coca-Cola Enterprises, Inc. | 1,624,756 | 1.3 | ||||||||||||||||
39,080 | CVS Caremark Corp. | 2,616,797 | 2.1 | ||||||||||||||||
23,680 | Hershey Co. | 2,294,355 | 1.9 | ||||||||||||||||
22,480 | Mead Johnson Nutrition Co. | 1,899,785 | 1.5 | ||||||||||||||||
44,020 | PepsiCo, Inc. | 3,717,929 | 3.0 | ||||||||||||||||
12,153,622 | 9.8 | ||||||||||||||||||
Energy: 4.9% | |||||||||||||||||||
20,980 | Anadarko Petroleum Corp. | 1,863,444 | 1.5 | ||||||||||||||||
20,210 | EOG Resources, Inc. | 3,334,650 | 2.7 | ||||||||||||||||
27,340 | Other Securities | 941,863 | 0.7 | ||||||||||||||||
6,139,957 | 4.9 | ||||||||||||||||||
Financials: 7.6% | |||||||||||||||||||
8,020 | �� | @ | Affiliated Managers Group, Inc. | 1,606,005 | 1.3 | ||||||||||||||
27,130 | Arthur J. Gallagher & Co. | 1,262,630 | 1.0 | ||||||||||||||||
6,740 | Blackrock, Inc. | 2,040,535 | 1.7 | ||||||||||||||||
32,930 | @ | Gaming and Leisure Properties, Inc. | 1,518,732 | 1.2 | |||||||||||||||
14,320 | Prudential Financial, Inc. | 1,271,043 | 1.0 | ||||||||||||||||
19,070 | Travelers Cos., Inc. | 1,730,412 | 1.4 | ||||||||||||||||
9,429,357 | 7.6 | ||||||||||||||||||
Health Care: 14.4% | |||||||||||||||||||
22,940 | Allergan, Inc. | 2,226,327 | 1.8 | ||||||||||||||||
10,480 | Amgen, Inc. | 1,195,558 | 1.0 | ||||||||||||||||
17,130 | @ | Celgene Corp. | 2,771,120 | 2.2 | |||||||||||||||
14,170 | Cooper Cos., Inc. | 1,866,756 | 1.5 | ||||||||||||||||
22,080 | @ | Gilead Sciences, Inc. | 1,651,805 | 1.3 | |||||||||||||||
16,510 | McKesson Corp. | 2,738,844 | 2.2 | ||||||||||||||||
37,190 | @ | Mylan Laboratories | 1,641,194 | 1.3 | |||||||||||||||
37,870 | @ | Premier, Inc. | 1,246,302 | 1.0 | |||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Health Care: (continued) | |||||||||||||||||||
8,980 | @ | Regeneron Pharmaceuticals, Inc. | $ | 2,638,863 | 2.1 | ||||||||||||||
17,976,769 | 14.4 | ||||||||||||||||||
Industrials: 11.5% | |||||||||||||||||||
42,710 | Ametek, Inc. | 2,102,186 | 1.7 | ||||||||||||||||
18,870 | @ | BE Aerospace, Inc. | 1,641,690 | 1.3 | |||||||||||||||
35,948 | Danaher Corp. | 2,688,910 | 2.2 | ||||||||||||||||
26,170 | @ | Ingersoll-Rand PLC — Class A | 1,869,061 | 1.5 | |||||||||||||||
15,994 | Roper Industries, Inc. | 2,074,422 | 1.7 | ||||||||||||||||
39,790 | Waste Connections, Inc. | 1,748,373 | 1.4 | ||||||||||||||||
54,670 | Other Securities | 2,187,976 | 1.7 | ||||||||||||||||
14,312,618 | 11.5 | ||||||||||||||||||
Information Technology: 24.9% | |||||||||||||||||||
9,270 | @ | Alliance Data Systems Corp. | 2,245,750 | 1.8 | |||||||||||||||
11,454 | Apple, Inc. | 6,369,226 | 5.1 | ||||||||||||||||
108,610 | EMC Corp. | 2,590,348 | 2.1 | ||||||||||||||||
16,650 | @ | F5 Networks, Inc. | 1,369,629 | 1.1 | |||||||||||||||
68,500 | @ | Facebook, Inc. | 3,220,185 | 2.6 | |||||||||||||||
3,330 | @ | Google, Inc. — Class A | 3,528,435 | 2.8 | |||||||||||||||
46,310 | @ | Informatica Corp. | 1,797,291 | 1.5 | |||||||||||||||
3,310 | Mastercard, Inc. | 2,518,281 | 2.0 | ||||||||||||||||
30,330 | NetApp, Inc. | 1,251,113 | 1.0 | ||||||||||||||||
106,033 | Oracle Corp. | 3,741,905 | 3.0 | ||||||||||||||||
82,060 | @ | TIBCO Software, Inc. | 1,983,390 | 1.6 | |||||||||||||||
5,333 | Other Securities | 344,778 | 0.3 | ||||||||||||||||
30,960,331 | 24.9 | ||||||||||||||||||
Materials: 2.4% | |||||||||||||||||||
29,190 | International Paper Co. | 1,361,713 | 1.1 | ||||||||||||||||
26,500 | Packaging Corp. of America | 1,623,390 | 1.3 | ||||||||||||||||
2,985,103 | 2.4 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $99,026,132) | 122,740,673 | 98.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.5% | |||||||||||||||||||
Mutual Funds: 1.5% | |||||||||||||||||||
1,845,505 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | ||||||||||||||||||
(Cost $1,845,505) | 1,845,505 | 1.5 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $1,845,505) | 1,845,505 | 1.5 | |||||||||||||||||
Total Investments in Securities (Cost $100,871,637) | $ | 124,586,178 | 100.1 | ||||||||||||||||
Liabilities in Excess of Other Assets | (65,551 | ) | (0.1 | ) | |||||||||||||||
Net Assets | $ | 124,520,627 | 100.0 |
ING GROWTH OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
Cost for federal income tax purposes is $100,952,216. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 24,578,188 | ||||
Gross Unrealized Depreciation | (944,226 | ) | ||||
Net Unrealized Appreciation | $ | 23,633,962 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock* | $ | 122,740,673 | $ | — | $ | — | $ | 122,740,673 | ||||||||||
Short-Term Investments | 1,845,505 | — | — | 1,845,505 | ||||||||||||||
Total Investments, at fair value | $ | 124,586,178 | $ | — | $ | — | $ | 124,586,178 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
* | For further breakdown of Common Stock by sector, please refer to the Summary Portfolio of Investments. |
ING LARGE CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 95.3% | |||||||||||||||||||
Consumer Discretionary: 6.6% | |||||||||||||||||||
250,768 | Best Buy Co., Inc. | $ | 10,168,642 | 1.2 | |||||||||||||||
181,758 | Brinker International, Inc. | 8,548,079 | 1.1 | ||||||||||||||||
159,515 | Macy’s, Inc. | 8,495,769 | 1.0 | ||||||||||||||||
104,620 | Nike, Inc. | 8,279,627 | 1.0 | ||||||||||||||||
267,540 | Walt Disney Co. | 18,872,271 | 2.3 | ||||||||||||||||
54,364,388 | 6.6 | ||||||||||||||||||
Consumer Staples: 3.7% | |||||||||||||||||||
196,190 | CVS Caremark Corp. | 13,136,882 | 1.6 | ||||||||||||||||
169,104 | Kraft Foods Group, Inc. | 8,982,805 | 1.1 | ||||||||||||||||
100,547 | Mead Johnson Nutrition Co. | 8,497,227 | 1.0 | ||||||||||||||||
30,616,914 | 3.7 | ||||||||||||||||||
Energy: 14.6% | |||||||||||||||||||
108,486 | Anadarko Petroleum Corp. | 9,635,726 | 1.2 | ||||||||||||||||
256,289 | Canadian Natural Resources Ltd. | 8,437,034 | 1.0 | ||||||||||||||||
231,557 | ConocoPhillips | 16,857,350 | 2.1 | ||||||||||||||||
173,619 | ExxonMobil Corp. | 16,229,904 | 2.0 | ||||||||||||||||
169,691 | Halliburton Co. | 8,939,322 | 1.1 | ||||||||||||||||
102,409 | Hess Corp. | 8,308,442 | 1.0 | ||||||||||||||||
176,273 | Occidental Petroleum Corp. | 16,738,884 | 2.0 | ||||||||||||||||
285,379 | Royal Dutch Shell PLC — Class A ADR | 19,034,779 | 2.3 | ||||||||||||||||
358,908 | Statoil ASA ADR | 8,089,786 | 1.0 | ||||||||||||||||
205,770 | Other Securities | 7,843,953 | 0.9 | ||||||||||||||||
120,115,180 | 14.6 | ||||||||||||||||||
Financials: 27.1% | |||||||||||||||||||
124,662 | Ameriprise Financial, Inc. | 13,494,662 | 1.6 | ||||||||||||||||
214,067 | Arthur J. Gallagher & Co. | 9,962,678 | 1.2 | ||||||||||||||||
1,486,810 | Bank of America Corp. | 23,521,334 | 2.9 | ||||||||||||||||
421,637 | Blackstone Group LP | 12,050,385 | 1.5 | ||||||||||||||||
461,012 | Citigroup, Inc. | 24,396,755 | 3.0 | ||||||||||||||||
563,584 | Fifth Third Bancorp. | 11,452,027 | 1.4 | ||||||||||||||||
508,553 | Host Hotels & Resorts, Inc. | 9,362,461 | 1.1 | ||||||||||||||||
307,824 | @ | Invesco Ltd. | 10,727,666 | 1.3 | |||||||||||||||
511,884 | JPMorgan Chase & Co. | 29,290,003 | 3.6 | ||||||||||||||||
305,739 | Lincoln National Corp. | 15,693,583 | 1.9 | ||||||||||||||||
124,610 | Prudential Financial, Inc. | 11,060,384 | 1.3 | ||||||||||||||||
954,601 | Regions Financial Corp. | 9,288,268 | 1.1 | ||||||||||||||||
127,237 | Travelers Cos., Inc. | 11,545,485 | 1.4 | ||||||||||||||||
332,097 | @ | XL Group PLC | 10,623,783 | 1.3 | |||||||||||||||
696,179 | Other Securities(a) | 20,605,471 | 2.5 | ||||||||||||||||
223,074,945 | 27.1 | ||||||||||||||||||
Health Care: 12.6% | |||||||||||||||||||
309,979 | Abbott Laboratories | 11,838,098 | 1.4 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Health Care: (continued) | |||||||||||||||||||
352,834 | Johnson & Johnson | $ | 33,399,267 | 4.1 | |||||||||||||||
228,029 | Medtronic, Inc. | 13,070,622 | 1.6 | ||||||||||||||||
897,017 | Pfizer, Inc. | 28,462,349 | 3.4 | ||||||||||||||||
229,611 | UnitedHealth Group, Inc. | 17,101,427 | 2.1 | ||||||||||||||||
103,871,763 | 12.6 | ||||||||||||||||||
Industrials: 11.7% | |||||||||||||||||||
125,191 | Boeing Co. | 16,806,892 | 2.0 | ||||||||||||||||
117,500 | Fluor Corp. | 9,142,675 | 1.1 | ||||||||||||||||
176,331 | General Dynamics Corp. | 16,162,499 | 2.0 | ||||||||||||||||
1,297,382 | General Electric Co. | 34,588,204 | 4.2 | ||||||||||||||||
73,417 | Union Pacific Corp. | 11,896,491 | 1.5 | ||||||||||||||||
70,690 | Other Securities | 7,628,158 | 0.9 | ||||||||||||||||
96,224,919 | 11.7 | ||||||||||||||||||
Information Technology: 8.5% | |||||||||||||||||||
50,563 | Apple, Inc. | 28,116,568 | 3.4 | ||||||||||||||||
503,191 | EMC Corp. | 12,001,105 | 1.5 | ||||||||||||||||
828,826 | Intel Corp. | 19,759,212 | 2.4 | ||||||||||||||||
231,431 | Microchip Technology, Inc. | 10,018,648 | 1.2 | ||||||||||||||||
69,895,533 | 8.5 | ||||||||||||||||||
Materials: 3.1% | |||||||||||||||||||
186,594 | International Paper Co. | 8,704,610 | 1.1 | ||||||||||||||||
74,322 | Monsanto Co. | 8,422,912 | 1.0 | ||||||||||||||||
166,787 | Nucor Corp. | 8,516,144 | 1.0 | ||||||||||||||||
25,643,666 | 3.1 | ||||||||||||||||||
Telecommunication Services: 1.5% | |||||||||||||||||||
237,300 | Verizon Communications, Inc. | 11,774,826 | 1.5 | ||||||||||||||||
Utilities: 5.9% | |||||||||||||||||||
428,542 | CenterPoint Energy, Inc. | 10,040,739 | 1.2 | ||||||||||||||||
149,037 | DTE Energy Co. | 9,946,730 | 1.2 | ||||||||||||||||
176,516 | Entergy Corp. | 10,924,575 | 1.4 | ||||||||||||||||
377,930 | Great Plains Energy, Inc. | 8,972,058 | 1.1 | ||||||||||||||||
162,000 | @, L, X | Mirant Corp. | — | — | |||||||||||||||
93,611 | Sempra Energy | 8,278,957 | 1.0 | ||||||||||||||||
48,163,059 | 5.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $660,256,737) | 783,745,193 | 95.3 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 1.5% | |||||||||||||||||||
133,441 | iShares Russell 1000 Value Index Fund | 12,333,952 | 1.5 | ||||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $12,226,174) | 12,333,952 | 1.5 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $672,482,911) | 796,079,145 | 96.8 |
ING LARGE CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 3.8% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.7% | |||||||||||||||||||
1,406,049 | Cantor Fitzgerald, Repurchase Agreement dated 11/29/13, 0.10%, due 12/02/13 (Repurchase Amount $1,406,061, collateralized by various U.S. Government/ U.S. Government Agency Obligations, 0.000%–10.500%, Market Value plus accrued interest $1,434,170, due 01/15/14–05/01/51) | $ | 1,406,049 | 0.1 | |||||||||||||||
1,406,049 | Daiwa Capital Markets, Repurchase Agreement dated 11/29/13, 0.11%, due 12/02/13 (Repurchase Amount $1,406,062, collateralized by various U.S. Government Agency Obligations, 0.000%–6.500%, Market Value plus accrued interest $1,434,173, due 05/25/17–03/01/48) | 1,406,049 | 0.2 | ||||||||||||||||
1,406,049 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $1,406,059, collateralized by various U.S. Government/ U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $1,434,170, due 04/24/14–11/20/43) | 1,406,049 | 0.2 | ||||||||||||||||
295,982 | JPMorgan Chase & Co., Repurchase Agreement dated 11/29/13, 0.07%, due 12/02/13 (Repurchase Amount $295,984, collateralized by various U.S. Government Securities, 0.625%–3.625%, Market Value plus accrued interest $301,903, due 01/15/25–02/15/43) | 295,982 | 0.0 | ||||||||||||||||
1,406,049 | Royal Bank of Canada, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $1,406,058, collateralized by various U.S. Government Agency Obligations, 0.000%–5.500%, Market Value plus accrued interest $1,434,171, due 01/31/14–10/01/43) | 1,406,049 | 0.2 | ||||||||||||||||
5,920,178 | 0.7 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Mutual Funds: 3.1% | |||||||||||||||||||
24,968,923 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | ||||||||||||||||||
(Cost $24,968,923) | $ | 24,968,923 | 3.1 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $30,889,101) | 30,889,101 | 3.8 | |||||||||||||||||
Total Investments in Securities (Cost $703,372,012) | $ | 826,968,246 | 100.6 | ||||||||||||||||
Liabilities in Excess of Other Assets | (4,552,588 | ) | (0.6 | ) | |||||||||||||||
Net Assets | $ | 822,415,658 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. |
X | Fair value determined by ING Funds Valuation Committee appointed by the Funds’ Board of Directors/Trustees. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $704,376,298. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 124,801,249 | ||||
Gross Unrealized Depreciation | (2,209,301 | ) | ||||
Net Unrealized Appreciation | $ | 122,591,948 |
ING LARGE CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Consumer Discretionary | $ | 54,364,388 | $ | — | $ | — | $ | 54,364,388 | ||||||||||
Consumer Staples | 30,616,914 | — | — | 30,616,914 | ||||||||||||||
Energy | 120,115,180 | — | — | 120,115,180 | ||||||||||||||
Financials | 223,074,945 | — | — | 223,074,945 | ||||||||||||||
Health Care | 103,871,763 | — | — | 103,871,763 | ||||||||||||||
Industrials | 96,224,919 | — | — | 96,224,919 | ||||||||||||||
Information Technology | 69,895,533 | — | — | 69,895,533 | ||||||||||||||
Materials | 25,643,666 | — | — | 25,643,666 | ||||||||||||||
Telecommunication Services | 11,774,826 | — | — | 11,774,826 | ||||||||||||||
Utilities | 48,163,059 | — | — | 48,163,059 | ||||||||||||||
Total Common Stock | 783,745,193 | — | — | 783,745,193 | ||||||||||||||
Exchange-Traded Funds | 12,333,952 | — | — | 12,333,952 | ||||||||||||||
Short-Term Investments | 24,968,923 | 5,920,178 | — | 30,889,101 | ||||||||||||||
Total Investments, at fair value | $ | 821,048,068 | $ | 5,920,178 | $ | — | $ | 826,968,246 | ||||||||||
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
ING MID CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.8% | |||||||||||||||||||
Consumer Discretionary: 10.3% | |||||||||||||||||||
46,800 | GNC Holdings, Inc. | $ | 2,816,424 | 0.9 | |||||||||||||||
135,300 | Interpublic Group of Cos., Inc. | 2,354,220 | 0.8 | ||||||||||||||||
150,400 | Newell Rubbermaid, Inc. | 4,564,640 | 1.5 | ||||||||||||||||
868,200 | Samsonite International SA | 2,593,898 | 0.9 | ||||||||||||||||
40,197 | @ | Tenneco, Inc. | 2,307,308 | 0.8 | |||||||||||||||
43,770 | @ | TRW Automotive Holdings Corp. | 3,396,552 | 1.1 | |||||||||||||||
366,609 | Other Securities | 12,812,046 | 4.3 | ||||||||||||||||
30,845,088 | 10.3 | ||||||||||||||||||
Consumer Staples: 2.4% | |||||||||||||||||||
34,700 | Ingredion, Inc. | 2,399,852 | 0.8 | ||||||||||||||||
270,309 | Other Securities | 4,900,944 | 1.6 | ||||||||||||||||
7,300,796 | 2.4 | ||||||||||||||||||
Energy: 9.2% | |||||||||||||||||||
135,900 | @ | Cobalt International Energy, Inc. | 3,021,057 | 1.0 | |||||||||||||||
60,328 | @ | Gulfport Energy Corp. | 3,524,965 | 1.2 | |||||||||||||||
91,054 | @ | Noble Corp. PLC | 3,470,979 | 1.2 | |||||||||||||||
516,475 | Other Securities | 17,530,633 | 5.8 | ||||||||||||||||
27,547,634 | 9.2 | ||||||||||||||||||
Financials: 22.0% | |||||||||||||||||||
65,400 | Comerica, Inc. | 2,965,890 | 1.0 | ||||||||||||||||
49,200 | Hanover Insurance Group, Inc. | 2,967,252 | 1.0 | ||||||||||||||||
94,150 | Hartford Financial Services Group, Inc. | 3,354,564 | 1.1 | ||||||||||||||||
289,132 | L | KKR Financial Holdings LLC | 2,769,885 | 0.9 | |||||||||||||||
64,600 | LPL Financial Holdings, Inc. | 2,769,402 | 0.9 | ||||||||||||||||
87,659 | Reinsurance Group of America, Inc. | 6,572,672 | 2.2 | ||||||||||||||||
160,950 | UnumProvident Corp. | 5,403,091 | 1.8 | ||||||||||||||||
88,300 | @ | XL Group PLC | 2,824,717 | 1.0 | |||||||||||||||
97,700 | Zions Bancorp. | 2,865,541 | 1.0 | ||||||||||||||||
1,221,122 | Other Securities | 33,367,574 | 11.1 | ||||||||||||||||
65,860,588 | 22.0 | ||||||||||||||||||
Health Care: 8.2% | |||||||||||||||||||
253,399 | L | Almirall SA | 3,934,633 | 1.3 | |||||||||||||||
104,600 | @ | Brookdale Senior Living, Inc. | 3,050,136 | 1.0 | |||||||||||||||
40,400 | @ | WellCare Health Plans, Inc. | 3,001,720 | 1.0 | |||||||||||||||
205,447 | Other Securities | 14,519,222 | 4.9 | ||||||||||||||||
24,505,711 | 8.2 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Industrials: 14.6% | |||||||||||||||||||
94,800 | Barnes Group, Inc. | $ | 3,460,200 | 1.1 | |||||||||||||||
31,600 | Chicago Bridge & Iron Co. NV | 2,423,088 | 0.8 | ||||||||||||||||
32,700 | @ | Esterline Technologies Corp. | 2,878,254 | 1.0 | |||||||||||||||
28,300 | Hubbell, Inc. | 3,053,853 | 1.0 | ||||||||||||||||
122,950 | KBR, Inc. | 4,159,398 | 1.4 | ||||||||||||||||
42,900 | @ | Moog, Inc. | 2,945,943 | 1.0 | |||||||||||||||
92,562 | Rexel SA | 2,346,311 | 0.8 | ||||||||||||||||
56,700 | @ | Spirit Airlines, Inc. | 2,600,829 | 0.9 | |||||||||||||||
42,750 | @ | United Rentals, Inc. | 2,938,208 | 1.0 | |||||||||||||||
43,900 | @ | Wesco International, Inc. | 3,774,522 | 1.2 | |||||||||||||||
237,213 | Other Securities | 13,212,546 | 4.4 | ||||||||||||||||
43,793,152 | 14.6 | ||||||||||||||||||
Information Technology: 16.6% | |||||||||||||||||||
70,150 | AOL, Inc. | 3,127,287 | 1.1 | ||||||||||||||||
118,797 | @ | Arrow Electronics, Inc. | 6,099,038 | 2.0 | |||||||||||||||
154,150 | @ | Avago Technologies Ltd. | 6,895,129 | 2.3 | |||||||||||||||
38,000 | @ | Check Point Software Technologies | 2,350,680 | 0.8 | |||||||||||||||
111,600 | @ | Microsemi Corp. | 2,726,388 | 0.9 | |||||||||||||||
161,748 | @ | NXP Semiconductor NV | 6,874,290 | 2.3 | |||||||||||||||
297,207 | @ | Skyworks Solutions, Inc. | 7,902,734 | 2.6 | |||||||||||||||
71,400 | @ | Verint Systems, Inc. | 2,707,488 | 0.9 | |||||||||||||||
391,889 | Other Securities(a) | 11,166,574 | 3.7 | ||||||||||||||||
49,849,608 | 16.6 | ||||||||||||||||||
Materials: 8.9% | |||||||||||||||||||
52,400 | Cabot Corp. | 2,557,120 | 0.9 | ||||||||||||||||
42,700 | Celanese Corp. | 2,396,751 | 0.8 | ||||||||||||||||
63,699 | @ | Crown Holdings, Inc. | 2,811,674 | 0.9 | |||||||||||||||
27,450 | Cytec Industries, Inc. | 2,456,226 | 0.8 | ||||||||||||||||
75,300 | Methanex Corp. | 4,623,420 | 1.5 | ||||||||||||||||
136,820 | @ | Owens-Illinois, Inc. | 4,515,060 | 1.5 | |||||||||||||||
48,100 | Packaging Corp. of America | 2,946,606 | 1.0 | ||||||||||||||||
226,236 | Other Securities | 4,547,775 | 1.5 | ||||||||||||||||
26,854,632 | 8.9 | ||||||||||||||||||
Utilities: 5.6% | |||||||||||||||||||
126,550 | @ | Calpine Corp. | 2,393,061 | 0.8 | |||||||||||||||
93,200 | CMS Energy Corp. | 2,473,528 | 0.8 | ||||||||||||||||
76,200 | UGI Corp. | 3,067,812 | 1.0 | ||||||||||||||||
232,840 | Other Securities | 8,812,944 | 3.0 | ||||||||||||||||
16,747,345 | 5.6 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $240,566,671) | 293,304,554 | 97.8 |
ING MID CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.4% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.6% | |||||||||||||||||||
1,000,000 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $1,000,007, collateralized by various U.S. Government/ U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $1,020,000, due 04/24/14–11/20/43) | $ | 1,000,000 | 0.3 | |||||||||||||||
855,481 | Morgan Stanley, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $855,487, collateralized by various U.S. Government Agency Obligations, 1.377%–8.500%, Market Value plus accrued interest $872,591, due 05/01/17–12/01/44) | 855,481 | 0.3 | ||||||||||||||||
1,855,481 | 0.6 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Mutual Funds: 0.8% | |||||||||||||||||||
2,332,956 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† (Cost $2,332,956) | $ | 2,332,956 | 0.8 | |||||||||||||||
Total Short-Term Investments (Cost $4,188,437) | 4,188,437 | 1.4 | |||||||||||||||||
Total Investments in Securities (Cost $244,755,108) | $ | 297,492,991 | 99.2 | ||||||||||||||||
Assets in Excess of Other Liabilities | 2,264,288 | 0.8 | |||||||||||||||||
Net Assets | $ | 299,757,279 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $246,535,990. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 53,819,535 | ||||
Gross Unrealized Depreciation | (2,862,534 | ) | ||||
Net Unrealized Appreciation | $ | 50,957,001 |
ING MID CAP VALUE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Consumer Discretionary | $ | 28,251,190 | $ | 2,593,898 | $ | — | $ | 30,845,088 | ||||||||||
Consumer Staples | 4,660,218 | 2,640,578 | — | 7,300,796 | ||||||||||||||
Energy | 26,850,851 | 696,783 | — | 27,547,634 | ||||||||||||||
Financials | 65,860,588 | — | — | 65,860,588 | ||||||||||||||
Health Care | 16,799,527 | 7,706,184 | — | 24,505,711 | ||||||||||||||
Industrials | 43,793,152 | — | — | 43,793,152 | ||||||||||||||
Information Technology | 49,849,608 | — | — | 49,849,608 | ||||||||||||||
Materials | 26,121,354 | 733,278 | — | 26,854,632 | ||||||||||||||
Utilities | 16,747,345 | — | — | 16,747,345 | ||||||||||||||
Total Common Stock | 278,933,833 | 14,370,721 | — | 293,304,554 | ||||||||||||||
Short-Term Investments | 2,332,956 | 1,855,481 | — | 4,188,437 | ||||||||||||||
Total Investments, at fair value | $ | 281,266,789 | $ | 16,226,202 | $ | — | $ | 297,492,991 | ||||||||||
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Fund’s investments are categorized as Level 2 investments. |
ING MIDCAP OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.1% | |||||||||||||||||||
Consumer Discretionary: 24.7% | |||||||||||||||||||
482,399 | Best Buy Co., Inc. | $ | 19,561,280 | 1.4 | |||||||||||||||
482,709 | Brinker International, Inc. | 22,701,804 | 1.6 | ||||||||||||||||
54,233 | @ | Chipotle Mexican Grill, Inc. | 28,410,499 | 2.0 | |||||||||||||||
452,973 | @ | Delphi Automotive PLC | 26,521,569 | 1.9 | |||||||||||||||
377,716 | @ | Discovery Communications, Inc. — Class A | 32,963,275 | 2.4 | |||||||||||||||
472,568 | Gap, Inc. | 19,361,111 | 1.4 | ||||||||||||||||
153,514 | @ | Liberty Media Corp. | 23,558,258 | 1.7 | |||||||||||||||
547,107 | Macy’s, Inc. | 29,138,919 | 2.1 | ||||||||||||||||
180,747 | @ | Michael Kors Holdings Ltd. | 14,739,918 | 1.0 | |||||||||||||||
566,766 | Newell Rubbermaid, Inc. | 17,201,348 | 1.2 | ||||||||||||||||
349,654 | Ross Stores, Inc. | 26,734,545 | 1.9 | ||||||||||||||||
484,391 | @ | Starz | 13,698,578 | 1.0 | |||||||||||||||
205,368 | @ | Ulta Salon Cosmetics & Fragrance, Inc. | 26,069,414 | 1.9 | |||||||||||||||
478,708 | @ | Urban Outfitters, Inc. | 18,679,186 | 1.3 | |||||||||||||||
943,152 | Other Securities | 26,902,949 | 1.9 | ||||||||||||||||
346,242,653 | 24.7 | ||||||||||||||||||
Consumer Staples: 7.5% | |||||||||||||||||||
588,912 | Coca-Cola Enterprises, Inc. | 24,698,970 | 1.8 | ||||||||||||||||
289,134 | Hershey Co. | 28,014,193 | 2.0 | ||||||||||||||||
257,555 | Mead Johnson Nutrition Co. | 21,765,973 | 1.5 | ||||||||||||||||
537,767 | Whole Foods Market, Inc. | 30,437,612 | 2.2 | ||||||||||||||||
104,916,748 | 7.5 | ||||||||||||||||||
Energy: 6.1% | |||||||||||||||||||
749,378 | Cabot Oil & Gas Corp. | 25,816,072 | 1.8 | ||||||||||||||||
423,143 | @ | FMC Technologies, Inc. | 20,353,179 | 1.5 | |||||||||||||||
153,657 | SM Energy Co. | 13,543,328 | 1.0 | ||||||||||||||||
610,042 | Other Securities | 25,526,541 | 1.8 | ||||||||||||||||
85,239,120 | 6.1 | ||||||||||||||||||
Financials: 9.2% | |||||||||||||||||||
111,609 | @ | Affiliated Managers Group, Inc. | 22,349,702 | 1.6 | |||||||||||||||
220,802 | Ameriprise Financial, Inc. | 23,901,816 | 1.7 | ||||||||||||||||
463,953 | Arthur J. Gallagher & Co. | 21,592,373 | 1.5 | ||||||||||||||||
352,975 | @, L | Gaming and Leisure Properties, Inc. | 16,279,207 | 1.2 | |||||||||||||||
102,941 | IntercontinentalExchange Group, Inc. | 21,956,286 | 1.6 | ||||||||||||||||
495,499 | Nasdaq Stock Market, Inc. | 19,468,156 | 1.4 | ||||||||||||||||
52,083 | Other Securities | 3,506,748 | 0.2 | ||||||||||||||||
129,054,288 | 9.2 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Health Care: 13.2% | |||||||||||||||||||
176,269 | @ | Actavis PLC | $ | 28,744,186 | 2.1 | ||||||||||||||
285,618 | Agilent Technologies, Inc. | 15,300,556 | 1.1 | ||||||||||||||||
236,679 | @ | Alexion Pharmaceuticals, Inc. | 29,466,536 | 2.1 | |||||||||||||||
143,299 | Cooper Cos., Inc. | 18,878,210 | 1.3 | ||||||||||||||||
158,161 | @ | Henry Schein, Inc. | 18,030,354 | 1.3 | |||||||||||||||
582,960 | @ | Mylan Laboratories | 25,726,025 | 1.8 | |||||||||||||||
717,574 | Zoetis, Inc. | 22,352,430 | 1.6 | ||||||||||||||||
376,133 | Other Securities | 25,886,071 | 1.9 | ||||||||||||||||
184,384,368 | 13.2 | ||||||||||||||||||
Industrials: 14.8% | |||||||||||||||||||
464,436 | Ametek, Inc. | 22,859,540 | 1.6 | ||||||||||||||||
254,070 | @ | BE Aerospace, Inc. | 22,104,090 | 1.6 | |||||||||||||||
277,698 | Flowserve Corp. | 19,822,083 | 1.4 | ||||||||||||||||
346,303 | @ | Ingersoll-Rand PLC — Class A | 24,732,960 | 1.8 | |||||||||||||||
174,980 | Roper Industries, Inc. | 22,694,906 | 1.6 | ||||||||||||||||
118,462 | Towers Watson & Co. | 13,338,821 | 1.0 | ||||||||||||||||
413,929 | Waste Connections, Inc. | 18,188,040 | 1.3 | ||||||||||||||||
163,098 | @ | Wesco International, Inc. | 14,023,166 | 1.0 | |||||||||||||||
1,137,108 | Other Securities | 49,217,871 | 3.5 | ||||||||||||||||
206,981,477 | 14.8 | ||||||||||||||||||
Information Technology: 16.4% | |||||||||||||||||||
103,033 | @ | Alliance Data Systems Corp. | 24,960,775 | 1.8 | |||||||||||||||
305,950 | @ | Citrix Systems, Inc. | 18,148,954 | 1.3 | |||||||||||||||
216,389 | @ | F5 Networks, Inc. | 17,800,159 | 1.3 | |||||||||||||||
669,565 | Flir Systems, Inc. | 19,865,994 | 1.4 | ||||||||||||||||
734,161 | @ | Informatica Corp. | 28,492,788 | 2.0 | |||||||||||||||
531,999 | Intuit, Inc. | 39,490,286 | 2.8 | ||||||||||||||||
692,674 | NetApp, Inc. | 28,572,802 | 2.1 | ||||||||||||||||
750,152 | @ | TIBCO Software, Inc. | 18,131,174 | 1.3 | |||||||||||||||
410,210 | Xilinx, Inc. | 18,225,630 | 1.3 | ||||||||||||||||
386,729 | Other Securities | 15,949,603 | 1.1 | ||||||||||||||||
229,638,165 | 16.4 | ||||||||||||||||||
Materials: 4.4% | |||||||||||||||||||
499,215 | International Paper Co. | 23,288,380 | 1.6 | ||||||||||||||||
357,962 | Packaging Corp. of America | 21,928,752 | 1.6 | ||||||||||||||||
644,414 | Other Securities | 16,905,361 | 1.2 | ||||||||||||||||
62,122,493 | 4.4 | ||||||||||||||||||
Telecommunication Services: 1.8% | |||||||||||||||||||
300,487 | @ | SBA Communications Corp. | 25,592,478 | 1.8 | |||||||||||||||
Total Common Stock (Cost $1,135,039,826) | 1,374,171,790 | 98.1 |
ING MIDCAP OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.8% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.0% | |||||||||||||||||||
687,686 | Morgan Stanley, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $687,691, collateralized by various U.S. Government Agency Obligations, 1.377%–8.500%, Market Value plus accrued interest $701,440, due 05/01/17–12/01/44) (Cost $687,686) | $ | 687,686 | 0.0 | |||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
Mutual Funds: 1.8% | |||||||||||||||||||
24,806,107 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† (Cost $24,806,107) | 24,806,107 | 1.8 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $25,493,793) | 25,493,793 | 1.8 | |||||||||||||||||
Total Investments in Securities (Cost $1,160,533,619) | $ | 1,399,665,583 | 99.9 | ||||||||||||||||
Assets in Excess of Other Liabilities | 1,205,555 | 0.1 | |||||||||||||||||
Net Assets | $ | 1,400,871,138 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
Cost for federal income tax purposes is $1,163,012,521. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 257,308,000 | ||||
Gross Unrealized Depreciation | (20,654,938 | ) | ||||
Net Unrealized Appreciation | $ | 236,653,062 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock* | $ | 1,374,171,790 | $ | — | $ | — | $ | 1,374,171,790 | ||||||||||
Short-Term Investments | 24,806,107 | 687,686 | — | 25,493,793 | ||||||||||||||
Total Investments, at fair value | $ | 1,398,977,897 | $ | 687,686 | $ | — | $ | 1,399,665,583 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
* | For further breakdown of Common Stock by sector, please refer to the Summary Portfolio of Investments. |
ING REAL ESTATE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.9% | |||||||||||||||||||
Consumer Discretionary: 0.9% | |||||||||||||||||||
189,600 | @ | Extended Stay America, Inc. | $ | 4,774,128 | 0.4 | ||||||||||||||
81,800 | Starwood Hotels & Resorts Worldwide, Inc. | 6,092,464 | 0.5 | ||||||||||||||||
10,866,592 | 0.9 | ||||||||||||||||||
Financials: 98.0% | |||||||||||||||||||
275,709 | AvalonBay Communities, Inc. | 32,688,059 | 2.7 | ||||||||||||||||
912,300 | BioMed Realty Trust, Inc. | 16,950,534 | 1.4 | ||||||||||||||||
396,682 | Boston Properties, Inc. | 39,465,892 | 3.3 | ||||||||||||||||
759,900 | Brandywine Realty Trust | 10,091,472 | 0.8 | ||||||||||||||||
461,300 | BRE Properties, Inc. | 23,632,399 | 2.0 | ||||||||||||||||
302,500 | Brixmor Property Group, Inc. | 6,104,450 | 0.5 | ||||||||||||||||
1,328,100 | Cole Real Estate Investment, Inc. | 19,005,111 | 1.6 | ||||||||||||||||
975,600 | Cousins Properties, Inc. | 10,448,676 | 0.9 | ||||||||||||||||
517,378 | CubeSmart | 8,391,871 | 0.7 | ||||||||||||||||
1,799,200 | DCT Industrial Trust, Inc. | 13,422,032 | 1.1 | ||||||||||||||||
1,533,000 | DDR Corp. | 24,512,670 | 2.0 | ||||||||||||||||
182,300 | Digital Realty Trust, Inc. | 8,611,852 | 0.7 | ||||||||||||||||
898,500 | Douglas Emmett, Inc. | 20,647,530 | 1.7 | ||||||||||||||||
1,565,800 | Duke Realty Corp. | 23,768,844 | 2.0 | ||||||||||||||||
285,800 | EPR Properties | 14,372,882 | 1.2 | ||||||||||||||||
1,128,939 | Equity Residential | 58,185,516 | 4.8 | ||||||||||||||||
137,370 | Essex Property Trust, Inc. | 20,854,140 | 1.7 | ||||||||||||||||
1,619,942 | General Growth Properties, Inc. | 33,613,796 | 2.8 | ||||||||||||||||
708,900 | HCP, Inc. | 26,066,253 | 2.2 | ||||||||||||||||
826,700 | Health Care Real Estate Investment Trust, Inc. | 46,286,933 | 3.8 | ||||||||||||||||
706,920 | Healthcare Realty Trust, Inc. | 15,644,140 | 1.3 | ||||||||||||||||
704,700 | Healthcare Trust of America, Inc. | 7,152,705 | 0.6 | ||||||||||||||||
444,400 | Highwoods Properties, Inc. | 15,962,848 | 1.3 | ||||||||||||||||
3,348,555 | Host Hotels & Resorts, Inc. | 61,646,898 | 5.1 | ||||||||||||||||
495,100 | Kilroy Realty Corp. | 24,928,285 | 2.1 | ||||||||||||||||
1,537,823 | Kimco Realty Corp. | 31,709,910 | 2.6 | ||||||||||||||||
1,224,400 | Lexington Realty Trust | 12,574,588 | 1.0 | ||||||||||||||||
730,700 | Liberty Property Trust | 23,667,373 | 2.0 | ||||||||||||||||
530,325 | Macerich Co. | 30,196,705 | 2.5 | ||||||||||||||||
282,881 | Pebblebrook Hotel Trust | 8,579,781 | 0.7 | ||||||||||||||||
379,700 | Post Properties, Inc. | 16,273,942 | 1.4 | ||||||||||||||||
1,447,802 | ProLogis, Inc. | 54,915,130 | 4.5 | ||||||||||||||||
264,002 | Public Storage, Inc. | 40,313,105 | 3.3 | ||||||||||||||||
454,227 | Ramco-Gershenson Properties | 7,267,632 | 0.6 | ||||||||||||||||
192,100 | Realty Income Corp. | 7,320,931 | 0.6 | ||||||||||||||||
298,700 | Regency Centers Corp. | 13,991,108 | 1.2 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Financials: (continued) | |||||||||||||||||||
715,700 | Senior Housing Properties Trust | $ | 16,210,605 | 1.3 | |||||||||||||||
721,899 | Simon Property Group, Inc. | 108,176,565 | 9.0 | ||||||||||||||||
372,000 | @ | SL Green Realty Corp. | 33,654,840 | 2.8 | |||||||||||||||
1,465,500 | Spirit Realty Capital, Inc. | 14,552,415 | 1.2 | ||||||||||||||||
1,318,200 | @ | Strategic Hotel Capital, Inc. | 11,771,526 | 1.0 | |||||||||||||||
242,245 | Sun Communities, Inc. | 9,883,596 | 0.8 | ||||||||||||||||
1,057,300 | Sunstone Hotel Investors, Inc. | 13,818,911 | 1.1 | ||||||||||||||||
299,110 | Taubman Centers, Inc. | 19,555,812 | 1.6 | ||||||||||||||||
1,382,604 | UDR, Inc. | 32,173,195 | 2.7 | ||||||||||||||||
489,057 | Ventas, Inc. | 27,793,109 | 2.3 | ||||||||||||||||
510,804 | Vornado Realty Trust | 44,914,996 | 3.7 | ||||||||||||||||
199,200 | Weyerhaeuser Co. | 6,001,896 | 0.5 | ||||||||||||||||
744,000 | Other Securities | 15,777,772 | 1.3 | ||||||||||||||||
1,183,551,231 | 98.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $855,814,418) | 1,194,417,823 | 98.9 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.8% | |||||||||||||||||||
Mutual Funds: 0.8% | |||||||||||||||||||
9,585,392 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† (Cost $9,585,392) | 9,585,392 | 0.8 | ||||||||||||||||
Total Short-Term Investments (Cost $9,585,392) | 9,585,392 | 0.8 | |||||||||||||||||
Total Investments in Securities (Cost $865,399,810) | $ | 1,204,003,215 | 99.7 | ||||||||||||||||
Assets in Excess of Other Liabilities | 3,915,488 | 0.3 | |||||||||||||||||
Net Assets | $ | 1,207,918,703 | 100.0 |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
Cost for federal income tax purposes is $974,161,573. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 349,022,233 | ||||
Gross Unrealized Depreciation | (119,180,591 | ) | ||||
Net Unrealized Appreciation | $ | 229,841,642 |
ING REAL ESTATE FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock* | $ | 1,194,417,823 | $ | — | $ | — | $ | 1,194,417,823 | ||||||||||
Short-Term Investments | 9,585,392 | — | — | 9,585,392 | ||||||||||||||
Total Investments, at fair value | $ | 1,204,003,215 | $ | — | $ | — | $ | 1,204,003,215 | ||||||||||
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
* | For further breakdown of Common Stock by sector, please refer to the Summary Portfolio of Investments. |
ING SMALLCAP OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) |
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 93.5% | |||||||||||||||||||
Consumer Discretionary: 18.2% | |||||||||||||||||||
55,500 | @ | Bally Technologies, Inc. | $ | 4,138,635 | 0.9 | ||||||||||||||
105,000 | Cheesecake Factory | 5,118,750 | 1.1 | ||||||||||||||||
112,096 | Cinemark Holdings, Inc. | 3,698,047 | 0.8 | ||||||||||||||||
195,500 | Dana Holding Corp. | 3,964,740 | 0.8 | ||||||||||||||||
191,588 | @ | Express, Inc. | 4,714,981 | 1.0 | |||||||||||||||
150,800 | Finish Line | 3,982,628 | 0.8 | ||||||||||||||||
71,077 | @, L | Hibbett Sporting Goods, Inc. | 4,589,442 | 0.9 | |||||||||||||||
90,100 | @ | Jack in the Box, Inc. | 4,266,235 | 0.9 | |||||||||||||||
78,819 | @ | Life Time Fitness, Inc. | 3,823,510 | 0.8 | |||||||||||||||
122,602 | @ | LKQ Corp. | 4,064,256 | 0.8 | |||||||||||||||
81,959 | Monro Muffler, Inc. | 4,348,744 | 0.9 | ||||||||||||||||
70,558 | Vail Resorts, Inc. | 5,347,591 | 1.1 | ||||||||||||||||
1,304,204 | Other Securities(a) | 35,345,733 | 7.4 | ||||||||||||||||
87,403,292 | 18.2 | ||||||||||||||||||
Consumer Staples: 2.3% | |||||||||||||||||||
67,300 | Casey’s General Stores, Inc. | 5,008,466 | 1.1 | ||||||||||||||||
217,225 | Other Securities | 5,854,159 | 1.2 | ||||||||||||||||
10,862,625 | 2.3 | ||||||||||||||||||
Energy: 5.0% | |||||||||||||||||||
147,300 | @, L | Bill Barrett Corp. | 3,960,897 | 0.8 | |||||||||||||||
180,425 | @ | C&J Energy Services, Inc. | 4,276,072 | 0.9 | |||||||||||||||
687,950 | Other Securities(a) | 15,882,003 | 3.3 | ||||||||||||||||
24,118,972 | 5.0 | ||||||||||||||||||
Financials: 10.1% | |||||||||||||||||||
119,955 | Coresite Realty Corp. | 3,881,744 | 0.8 | ||||||||||||||||
58,787 | Financial Engines, Inc. | 3,982,819 | 0.8 | ||||||||||||||||
116,793 | Geo Group, Inc. | 3,830,810 | 0.8 | ||||||||||||||||
55,972 | MarketAxess Holdings, Inc. | 3,938,750 | 0.8 | ||||||||||||||||
86,201 | @ | Portfolio Recovery Associates, Inc. | 5,034,138 | 1.1 | |||||||||||||||
62,100 | Sovran Self Storage, Inc. | 4,144,554 | 0.9 | ||||||||||||||||
37,600 | @ | SVB Financial Group | 3,806,624 | 0.8 | |||||||||||||||
631,980 | Other Securities | 19,687,862 | 4.1 | ||||||||||||||||
48,307,301 | 10.1 | ||||||||||||||||||
Health Care: 16.7% | |||||||||||||||||||
148,944 | Healthsouth Corp. | 5,330,706 | 1.1 | ||||||||||||||||
97,700 | Owens & Minor, Inc. | 3,729,209 | 0.8 | ||||||||||||||||
102,900 | @ | Team Health Holdings, Inc. | 4,808,517 | 1.0 | |||||||||||||||
94,000 | @ | Thoratec Corp. | 3,700,780 | 0.8 | |||||||||||||||
57,300 | @ | WellCare Health Plans, Inc. | 4,257,390 | 0.9 | |||||||||||||||
1,784,187 | Other Securities(a) | 58,221,636 | 12.1 | ||||||||||||||||
80,048,238 | 16.7 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Industrials: 13.8% | |||||||||||||||||||
111,416 | Actuant Corp. | $ | 4,354,137 | 0.9 | |||||||||||||||
85,700 | @ | EnPro Industries, Inc. | 4,850,620 | 1.0 | |||||||||||||||
149,595 | Healthcare Services Group | 4,336,759 | 0.9 | ||||||||||||||||
115,207 | @ | HUB Group, Inc. | 4,335,240 | 0.9 | |||||||||||||||
283,500 | Knight Transportation, Inc. | 5,066,145 | 1.0 | ||||||||||||||||
117,400 | Simpson Manufacturing Co., Inc. | 4,261,620 | 0.9 | ||||||||||||||||
40,675 | @ | Teledyne Technologies, Inc. | 3,771,793 | 0.8 | |||||||||||||||
76,500 | Toro Co. | 4,720,815 | 1.0 | ||||||||||||||||
605,914 | Other Securities | 30,840,845 | 6.4 | ||||||||||||||||
66,537,974 | 13.8 | ||||||||||||||||||
Information Technology: 23.1% | |||||||||||||||||||
265,600 | @ | Aruba Networks, Inc. | 4,738,304 | 1.0 | |||||||||||||||
173,700 | @ | Aspen Technology, Inc. | 6,866,361 | 1.4 | |||||||||||||||
104,126 | Blackbaud, Inc. | 3,766,238 | 0.8 | ||||||||||||||||
115,463 | @ | Cardtronics, Inc. | 4,917,569 | 1.0 | |||||||||||||||
67,600 | @ | Commvault Systems, Inc. | 5,059,860 | 1.0 | |||||||||||||||
369,100 | @ | Integrated Device Technology, Inc. | 3,661,472 | 0.8 | |||||||||||||||
101,400 | j2 Global, Inc. | 4,864,158 | 1.0 | ||||||||||||||||
70,100 | @ | Micros Systems, Inc. | 3,765,772 | 0.8 | |||||||||||||||
164,600 | @ | PTC, Inc. | 5,356,084 | 1.1 | |||||||||||||||
164,800 | @ | QLIK Technologies, Inc. | 4,133,184 | 0.9 | |||||||||||||||
53,220 | @ | WEX, Inc. | 5,282,617 | 1.1 | |||||||||||||||
2,591,777 | Other Securities(a) | 58,401,504 | 12.2 | ||||||||||||||||
110,813,123 | 23.1 | ||||||||||||||||||
Materials: 4.3% | |||||||||||||||||||
190,766 | Commercial Metals Co. | 3,704,676 | 0.8 | ||||||||||||||||
94,900 | HB Fuller Co. | 4,861,727 | 1.0 | ||||||||||||||||
87,047 | Worthington Industries | 3,649,881 | 0.8 | ||||||||||||||||
605,274 | Other Securities | 8,420,727 | 1.7 | ||||||||||||||||
20,637,011 | 4.3 | ||||||||||||||||||
Total Common Stock (Cost $360,157,573) | 448,728,536 | 93.5 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 2.0% | |||||||||||||||||||
72,903 | iShares Russell 2000 Growth Index Fund | 9,712,867 | 2.0 | ||||||||||||||||
Total Exchange-Traded Funds (Cost $7,202,358) | 9,712,867 | 2.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $367,359,931) | 458,441,403 | 95.5 |
ING SMALLCAP OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 8.3% | |||||||||||||||||||
Securities Lending Collateralcc(1): 4.0% | |||||||||||||||||||
4,571,534 | BNP Paribas Bank, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $4,571,564, collateralized by various U.S. Government Agency Obligations, 3.000%–5.000%, Market Value plus accrued interest $4,662,965, due 02/01/27–10/01/43) | $ | 4,571,534 | 0.9 | |||||||||||||||
4,571,534 | Citigroup, Inc., Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $4,571,568, collateralized by various U.S. Government/ U.S. Government Agency Obligations, 0.500%–8.000%, Market Value plus accrued interest $4,662,966, due 11/01/14–07/15/53) | 4,571,534 | 1.0 | ||||||||||||||||
4,571,534 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $4,571,568, collateralized by various U.S. Government/ U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $4,662,965, due 04/24/14–11/20/43) | 4,571,534 | 0.9 | ||||||||||||||||
962,347 | JPMorgan Chase & Co., Repurchase Agreement dated 11/29/13, 0.07%, due 12/02/13 (Repurchase Amount $962,353, collateralized by various U.S. Government Securities, 0.625%–3.625%, Market Value plus accrued interest $981,597, due 01/15/25–02/15/43) | 962,347 | 0.2 | ||||||||||||||||
4,571,534 | Royal Bank of Canada, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $4,571,564, collateralized by various U.S. Government Agency Obligations, 0.000%–5.500%, Market Value plus accrued interest $4,662,967, due 01/31/14–10/01/43) | 4,571,534 | 1.0 | ||||||||||||||||
19,248,483 | 4.0 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Mutual Funds: 4.3% | |||||||||||||||||||
20,737,137 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† (Cost $20,737,137) | $ | 20,737,137 | 4.3 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $39,985,620) | 39,985,620 | 8.3 | |||||||||||||||||
Total Investments in Securities (Cost $407,345,551) | $ | 498,427,023 | 103.8 | ||||||||||||||||
Liabilities in Excess of Other Assets | (18,411,218 | ) | (3.8 | ) | |||||||||||||||
Net Assets | $ | 480,015,805 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
†† | Rate shown is the 7-day yield as of November 30, 2013. |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 96,470,175 | ||||
Gross Unrealized Depreciation | (7,619,256 | ) | ||||
Net Unrealized Appreciation | $ | 88,850,919 |
ING SMALLCAP OPPORTUNITIES FUND | SUMMARY PORTFOLIO OF INVESTMENTS AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED) |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2013 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at fair value | ||||||||||||||||||
Common Stock* | $ | 448,728,536 | $ | — | $ | — | $ | 448,728,536 | ||||||||||
Exchange-Traded Funds | 9,712,867 | — | — | 9,712,867 | ||||||||||||||
Short-Term Investments | 20,737,137 | 19,248,483 | — | 39,985,620 | ||||||||||||||
Total Investments, at fair value | $ | 479,178,540 | $ | 19,248,483 | $ | — | $ | 498,427,023 | ||||||||||
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
* | For further breakdown of Common Stock by sector, please refer to the Summary Portfolio of Investments. |
1 | To approve a new investment advisory agreement for the Funds with ING Investments prompted by the IPO, and to approve, under certain circumstances, any future advisory agreements prompted by Change of Control Events that occur as part of the Separation Plan. |
2 | To approve a new investment sub-advisory agreement between ING Investments and ING IM with respect to certain Funds prompted by the IPO, and to approve, under certain circumstances, any future sub-advisory agreements prompted by Change of Control Events that occur as part of the Separation Plan. |
3 | To approve a managers-of-managers policy with respect to ING SmallCap Opportunities Fund to permit ING Investments, subject to prior approval by the Board, to enter into and materially amend agreements with unaffiliated sub-advisers without obtaining approval of the Fund’s shareholders. |
4 | To approve a modification to the current manager-of-managers policy to permit ING Investments, subject to prior approval by the Board, to enter into and materially amend agreements with wholly owned sub-advisers without obtaining the approval of the Fund’s shareholders. |
Proposal | Shares voted for | Shares voted against or withheld | Shares abstained | Broker non-vote | Total Shares Voted | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ING MidCap Opportunities Fund | 1* | 17,842,687.245 | 450,830.238 | 740,183.113 | 5,631,837.194 | 24,665,537.790 | ||||||||||||||||||||
2* | 17,437,110.625 | 854,738.886 | 741,850.335 | 5,631,837.944 | 24,665,537.790 | |||||||||||||||||||||
4* | 16,233,651.065 | 2,033,746.884 | 766,302.147 | 5,631,837.694 | 24,665,537.790 |
* | Proposals deferred; adjourned to July 30, 2013 |
Proposal | Shares voted for | Shares voted against or withheld | Shares abstained | Broker non-vote | Total Shares Voted | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ING SmallCap Opportunities Fund | 1** | 1,981,164.234 | 58,707.926 | 79,667.524 | 356,958.956 | 2,476,498.640 | ||||||||||||||||||||
2** | 1,971,017.356 | 68,572.545 | 79,949.783 | 356,958.956 | 2,476,498.640 | |||||||||||||||||||||
3** | 1,948,592.020 | 87,967.902 | 82,979.762 | 356,958.956 | 2,476,498.640 | |||||||||||||||||||||
4** | 1,938,379.903 | 99,784.407 | 81,375.374 | 356,958.956 | 2,476,498.640 |
** | Proposals passed |
Proposal | Shares voted for | Shares voted against or withheld | Shares abstained | Broker non-vote | Total Shares Voted | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ING MidCap Opportunities Fund | 1*** | 19,058,632.199 | 506,907.035 | 819,712.835 | 5,300,161.311 | 25,685,413.380 | ||||||||||||||||||||
2*** | 18,653,260.046 | 916,421.808 | 815,569.715 | 5,300,161.811 | 25,685,413.380 | |||||||||||||||||||||
4*** | 17,391,670.969 | 2,147,005.475 | 846,575.375 | 5,300,161.561 | 25,685,413.380 |
*** | Proposals passed |
Current Registrant Name/Current Fund Name | New Registrant Name/New Fund Name, effective May 1, 2014 | |||||
---|---|---|---|---|---|---|
ING Equity Trust | Voya Equity Trust | |||||
ING Growth Opportunities Fund | Voya Growth Opportunities Fund | |||||
ING Large Cap Value Fund | Voya Large Cap Value Fund | |||||
ING Mid Cap Value Fund | Voya Multi-Manager Mid Cap Value Fund | |||||
ING MidCap Opportunities Fund | Voya MidCap Opportunities Fund | |||||
ING Real Estate Fund | Voya Real Estate Fund | |||||
ING SmallCap Opportunities Fund | Voya SmallCap Opportunities Fund |
ING Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
ING Funds Services, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
ING Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
The Bank of New York Mellon
One Wall Street
New York, New York 10286
Dechert LLP
1900 K Street, N.W.
Washington, D.C. 20006
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee Of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
For the Portfolios that have a complete Schedule of investments, the schedule is included as part of the report to shareholders filed under Item 1 of this Form.
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.6% | |||||||||||||||||||
Consumer Discretionary: 23.1% | |||||||||||||||||||
44,720 | Best Buy Co., Inc. | $ | 1,813,396 | 1.4 | |||||||||||||||
28,280 | Brinker International, Inc. | 1,330,008 | 1.1 | ||||||||||||||||
42,730 | CBS Corp. — Class B | 2,502,269 | 2.0 | ||||||||||||||||
5,590 | @ | Chipotle Mexican Grill, Inc. | 2,928,377 | 2.3 | |||||||||||||||
25,750 | @ | Delphi Automotive PLC | 1,507,663 | 1.2 | |||||||||||||||
32,670 | Gap, Inc. | 1,338,490 | 1.1 | ||||||||||||||||
28,600 | Home Depot, Inc. | 2,307,162 | 1.8 | ||||||||||||||||
30,215 | @ | Michael Kors Holdings Ltd. | 2,464,033 | 2.0 | |||||||||||||||
47,980 | Newell Rubbermaid, Inc. | 1,456,193 | 1.2 | ||||||||||||||||
32,930 | @ | Penn National Gaming, Inc. | 475,509 | 0.4 | |||||||||||||||
1,120 | @ | Priceline.com, Inc. | 1,335,410 | 1.1 | |||||||||||||||
19,620 | Ross Stores, Inc. | 1,500,145 | 1.2 | ||||||||||||||||
24,910 | Starbucks Corp. | 2,029,169 | 1.6 | ||||||||||||||||
31,060 | @ | Tribune Co. | 2,313,970 | 1.9 | |||||||||||||||
41,000 | @ | Urban Outfitters, Inc. | 1,599,820 | 1.3 | |||||||||||||||
26,670 | Walt Disney Co. | 1,881,302 | 1.5 | ||||||||||||||||
28,782,916 | 23.1 | ||||||||||||||||||
Consumer Staples: 9.8% | |||||||||||||||||||
38,740 | Coca-Cola Enterprises, Inc. | 1,624,756 | 1.3 | ||||||||||||||||
39,080 | CVS Caremark Corp. | 2,616,797 | 2.1 | ||||||||||||||||
23,680 | Hershey Co. | 2,294,355 | 1.9 | ||||||||||||||||
22,480 | Mead Johnson Nutrition Co. | 1,899,785 | 1.5 | ||||||||||||||||
44,020 | PepsiCo, Inc. | 3,717,929 | 3.0 | ||||||||||||||||
12,153,622 | 9.8 | ||||||||||||||||||
Energy: 4.9% | |||||||||||||||||||
20,980 | Anadarko Petroleum Corp. | 1,863,444 | 1.5 | ||||||||||||||||
27,340 | Cabot Oil & Gas Corp. | 941,863 | 0.7 | ||||||||||||||||
20,210 | EOG Resources, Inc. | 3,334,650 | 2.7 | ||||||||||||||||
6,139,957 | 4.9 | ||||||||||||||||||
Financials: 7.6% | |||||||||||||||||||
8,020 | @ | Affiliated Managers Group, Inc. | 1,606,005 | 1.3 | |||||||||||||||
27,130 | Arthur J. Gallagher & Co. | 1,262,630 | 1.0 | ||||||||||||||||
6,740 | Blackrock, Inc. | 2,040,535 | 1.7 | ||||||||||||||||
32,930 | @ | Gaming and Leisure Properties, Inc. | 1,518,732 | 1.2 | |||||||||||||||
14,320 | Prudential Financial, Inc. | 1,271,043 | 1.0 | ||||||||||||||||
19,070 | Travelers Cos., Inc. | 1,730,412 | 1.4 | ||||||||||||||||
9,429,357 | 7.6 | ||||||||||||||||||
Health Care: 14.4% | |||||||||||||||||||
22,940 | Allergan, Inc. | 2,226,327 | 1.8 | ||||||||||||||||
10,480 | Amgen, Inc. | 1,195,558 | 1.0 | ||||||||||||||||
17,130 | @ | Celgene Corp. | 2,771,120 | 2.2 | |||||||||||||||
14,170 | Cooper Cos., Inc. | 1,866,756 | 1.5 | ||||||||||||||||
22,080 | @ | Gilead Sciences, Inc. | 1,651,805 | 1.3 | |||||||||||||||
16,510 | McKesson Corp. | 2,738,844 | 2.2 | ||||||||||||||||
37,190 | @ | Mylan Laboratories | 1,641,194 | 1.3 | |||||||||||||||
37,870 | @ | Premier, Inc. | 1,246,302 | 1.0 | |||||||||||||||
8,980 | @ | Regeneron Pharmaceuticals, Inc. | 2,638,863 | 2.1 | |||||||||||||||
17,976,769 | 14.4 | ||||||||||||||||||
Industrials: 11.5% | |||||||||||||||||||
42,710 | Ametek, Inc. | 2,102,186 | 1.7 | ||||||||||||||||
18,870 | @ | BE Aerospace, Inc. | 1,641,690 | 1.3 | |||||||||||||||
35,948 | Danaher Corp. | 2,688,910 | 2.1 | ||||||||||||||||
26,170 | @ | Ingersoll-Rand PLC — Class A | 1,869,061 | 1.5 | |||||||||||||||
40,120 | KAR Auction Services, Inc. | 1,106,911 | 0.9 | ||||||||||||||||
14,550 | @ | Proto Labs, Inc. | 1,081,065 | 0.9 | |||||||||||||||
15,994 | Roper Industries, Inc. | 2,074,422 | 1.7 | ||||||||||||||||
39,790 | Waste Connections, Inc. | 1,748,373 | 1.4 | ||||||||||||||||
14,312,618 | 11.5 | ||||||||||||||||||
Information Technology: 24.9% | |||||||||||||||||||
9,270 | @ | Alliance Data Systems Corp. | 2,245,750 | 1.8 | |||||||||||||||
11,454 | Apple, Inc. | 6,369,226 | 5.1 | ||||||||||||||||
108,610 | EMC Corp. | 2,590,348 | 2.1 | ||||||||||||||||
16,650 | @ | F5 Networks, Inc. | 1,369,629 | 1.1 | |||||||||||||||
68,500 | @ | Facebook, Inc. | 3,220,185 | 2.6 | |||||||||||||||
5,333 | @ | Gartner, Inc. | 344,778 | 0.3 | |||||||||||||||
3,330 | @ | Google, Inc. — Class A | 3,528,435 | 2.8 | |||||||||||||||
46,310 | @ | Informatica Corp. | 1,797,291 | 1.5 | |||||||||||||||
3,310 | Mastercard, Inc. | 2,518,281 | 2.0 | ||||||||||||||||
30,330 | NetApp, Inc. | 1,251,113 | 1.0 | ||||||||||||||||
106,033 | Oracle Corp. | 3,741,905 | 3.0 | ||||||||||||||||
82,060 | @ | TIBCO Software, Inc. | 1,983,390 | 1.6 | |||||||||||||||
30,960,331 | 24.9 | ||||||||||||||||||
Materials: 2.4% | |||||||||||||||||||
29,190 | International Paper Co. | 1,361,713 | 1.1 | ||||||||||||||||
26,500 | Packaging Corp. of America | 1,623,390 | 1.3 | ||||||||||||||||
2,985,103 | 2.4 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $99,026,132) | 122,740,673 | 98.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.5% | |||||||||||||||||||
Mutual Funds: 1.5% | |||||||||||||||||||
1,845,505 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | ||||||||||||||||||
(Cost $1,845,505) | 1,845,505 | 1.5 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $1,845,505) | 1,845,505 | 1.5 | |||||||||||||||||
Total Investments in Securities (Cost $100,871,637) | $ | 124,586,178 | 100.1 | ||||||||||||||||
Liabilities in Excess of Other Assets | (65,551 | ) | (0.1 | ) | |||||||||||||||
Net Assets | $ | 124,520,627 | 100.0 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
Cost for federal income tax purposes is $100,952,216. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 24,578,188 | ||||
Gross Unrealized Depreciation | (944,226 | ) | ||||
Net Unrealized Appreciation | $ | 23,633,962 |
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 95.3% | |||||||||||||||||||
Consumer Discretionary: 6.6% | |||||||||||||||||||
250,768 | Best Buy Co., Inc. | $ | 10,168,642 | 1.2 | |||||||||||||||
181,758 | Brinker International, Inc. | 8,548,079 | 1.1 | ||||||||||||||||
159,515 | Macy’s, Inc. | 8,495,769 | 1.0 | ||||||||||||||||
104,620 | Nike, Inc. | 8,279,627 | 1.0 | ||||||||||||||||
267,540 | Walt Disney Co. | 18,872,271 | 2.3 | ||||||||||||||||
54,364,388 | 6.6 | ||||||||||||||||||
Consumer Staples: 3.7% | |||||||||||||||||||
196,190 | CVS Caremark Corp. | 13,136,882 | 1.6 | ||||||||||||||||
169,104 | Kraft Foods Group, Inc. | 8,982,805 | 1.1 | ||||||||||||||||
100,547 | Mead Johnson Nutrition Co. | 8,497,227 | 1.0 | ||||||||||||||||
30,616,914 | 3.7 | ||||||||||||||||||
Energy: 14.6% | |||||||||||||||||||
108,486 | Anadarko Petroleum Corp. | 9,635,727 | 1.2 | ||||||||||||||||
256,289 | Canadian Natural Resources Ltd. | 8,437,034 | 1.0 | ||||||||||||||||
231,557 | ConocoPhillips | 16,857,350 | 2.0 | ||||||||||||||||
173,619 | ExxonMobil Corp. | 16,229,904 | 2.0 | ||||||||||||||||
169,691 | Halliburton Co. | 8,939,322 | 1.1 | ||||||||||||||||
102,409 | Hess Corp. | 8,308,442 | 1.0 | ||||||||||||||||
205,770 | @ | Noble Corp. PLC | 7,843,952 | 1.0 | |||||||||||||||
176,273 | Occidental Petroleum Corp. | 16,738,884 | 2.0 | ||||||||||||||||
285,379 | Royal Dutch Shell PLC — Class A ADR | 19,034,779 | 2.3 | ||||||||||||||||
358,908 | Statoil ASA ADR | 8,089,786 | 1.0 | ||||||||||||||||
120,115,180 | 14.6 | ||||||||||||||||||
Financials: 27.1% | |||||||||||||||||||
268,172 | L | AllianceBernstein Holding LP | 5,950,737 | 0.7 | |||||||||||||||
124,662 | Ameriprise Financial, Inc. | 13,494,662 | 1.6 | ||||||||||||||||
214,067 | Arthur J. Gallagher & Co. | 9,962,678 | 1.2 | ||||||||||||||||
1,486,810 | Bank of America Corp. | 23,521,334 | 2.9 | ||||||||||||||||
421,637 | Blackstone Group LP | 12,050,385 | 1.5 | ||||||||||||||||
461,012 | Citigroup, Inc. | 24,396,755 | 3.0 | ||||||||||||||||
182,318 | Extra Space Storage, Inc. | 7,642,771 | 0.9 | ||||||||||||||||
563,584 | Fifth Third Bancorp. | 11,452,027 | 1.4 | ||||||||||||||||
508,553 | Host Hotels & Resorts, Inc. | 9,362,461 | 1.1 | ||||||||||||||||
307,824 | @ | Invesco Ltd. | 10,727,666 | 1.3 | |||||||||||||||
511,884 | JPMorgan Chase & Co. | 29,290,002 | 3.6 | ||||||||||||||||
305,739 | Lincoln National Corp. | 15,693,583 | 1.9 | ||||||||||||||||
124,610 | Prudential Financial, Inc. | 11,060,384 | 1.3 | ||||||||||||||||
954,601 | Regions Financial Corp. | 9,288,268 | 1.1 | ||||||||||||||||
127,237 | Travelers Cos., Inc. | 11,545,485 | 1.4 | ||||||||||||||||
245,689 | Weingarten Realty Investors | 7,011,964 | 0.9 | ||||||||||||||||
332,097 | @ | XL Group PLC | 10,623,783 | 1.3 | |||||||||||||||
223,074,945 | 27.1 | ||||||||||||||||||
Health Care: 12.6% | |||||||||||||||||||
309,979 | Abbott Laboratories | 11,838,098 | 1.4 | ||||||||||||||||
352,834 | Johnson & Johnson | 33,399,267 | 4.1 | ||||||||||||||||
228,029 | Medtronic, Inc. | 13,070,622 | 1.6 | ||||||||||||||||
897,017 | Pfizer, Inc. | 28,462,349 | 3.4 | ||||||||||||||||
229,611 | UnitedHealth Group, Inc. | 17,101,427 | 2.1 | ||||||||||||||||
103,871,763 | 12.6 | ||||||||||||||||||
Industrials: 11.7% | |||||||||||||||||||
125,191 | Boeing Co. | 16,806,892 | 2.0 | ||||||||||||||||
117,500 | Fluor Corp. | 9,142,675 | 1.1 | ||||||||||||||||
176,331 | General Dynamics Corp. | 16,162,499 | 2.0 | ||||||||||||||||
1,297,382 | General Electric Co. | 34,588,204 | 4.2 | ||||||||||||||||
70,690 | Hubbell, Inc. | 7,628,158 | 0.9 | ||||||||||||||||
73,417 | Union Pacific Corp. | 11,896,491 | 1.5 | ||||||||||||||||
96,224,919 | 11.7 | ||||||||||||||||||
Information Technology: 8.5% | |||||||||||||||||||
50,563 | Apple, Inc. | 28,116,568 | 3.4 | ||||||||||||||||
503,191 | EMC Corp. | 12,001,105 | 1.5 | ||||||||||||||||
828,826 | Intel Corp. | 19,759,212 | 2.4 | ||||||||||||||||
231,431 | Microchip Technology, Inc. | 10,018,648 | 1.2 | ||||||||||||||||
69,895,533 | 8.5 | ||||||||||||||||||
Materials: 3.1% | |||||||||||||||||||
186,594 | International Paper Co. | 8,704,610 | 1.1 | ||||||||||||||||
74,322 | Monsanto Co. | 8,422,912 | 1.0 | ||||||||||||||||
166,787 | Nucor Corp. | 8,516,144 | 1.0 | ||||||||||||||||
25,643,666 | 3.1 | ||||||||||||||||||
Telecommunication Services: 1.5% | |||||||||||||||||||
237,300 | Verizon Communications, Inc. | 11,774,826 | 1.5 | ||||||||||||||||
Utilities: 5.9% | |||||||||||||||||||
428,542 | CenterPoint Energy, Inc. | 10,040,739 | 1.2 | ||||||||||||||||
149,037 | DTE Energy Co. | 9,946,730 | 1.2 | ||||||||||||||||
176,516 | Entergy Corp. | 10,924,575 | 1.4 | ||||||||||||||||
377,930 | Great Plains Energy, Inc. | 8,972,058 | 1.1 | ||||||||||||||||
162,000 | @, L, X | Mirant Corp. | — | — | |||||||||||||||
93,611 | Sempra Energy | 8,278,957 | 1.0 | ||||||||||||||||
48,163,059 | 5.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $660,256,737) | 783,745,193 | 95.3 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 1.5% | |||||||||||||||||||
133,441 | iShares Russell 1000 Value Index Fund | 12,333,952 | 1.5 | ||||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $12,226,174) | 12,333,952 | 1.5 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $672,482,911) | 796,079,145 | 96.8 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 3.8% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.7% | |||||||||||||||||||
1,406,049 | Cantor Fitzgerald, Repurchase Agreement dated 11/29/13, 0.10%, due 12/02/13 (Repurchase Amount $1,406,061, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%–10.500%, Market Value plus accrued interest $1,434,170, due 01/15/14–05/01/51) | $ | 1,406,049 | 0.1 | |||||||||||||||
1,406,049 | Daiwa Capital Markets, Repurchase Agreement dated 11/29/13, 0.11%, due 12/02/13 (Repurchase Amount $1,406,062, collateralized by various U.S. Government Agency Obligations, 0.000%–6.500%, Market Value plus accrued interest $1,434,173, due 05/25/17–03/01/48) | 1,406,049 | 0.2 | ||||||||||||||||
1,406,049 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $1,406,059, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $1,434,170, due 04/24/14–11/20/43) | 1,406,049 | 0.2 | ||||||||||||||||
295,982 | JPMorgan Chase & Co., Repurchase Agreement dated 11/29/13, 0.07%, due 12/02/13 (Repurchase Amount $295,984, collateralized by various U.S. Government Securities, 0.625%–3.625%, Market Value plus accrued interest $301,903, due 01/15/25–02/15/43) | 295,982 | 0.0 | ||||||||||||||||
1,406,049 | Royal Bank of Canada, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $1,406,058, collateralized by various U.S. Government Agency Obligations, 0.000%–5.500%, Market Value plus accrued interest $1,434,171, due 01/31/14–10/01/43) | 1,406,049 | 0.2 | ||||||||||||||||
5,920,178 | 0.7 |
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mutual Funds: 3.1% | ||||||||||||||||||
24,968,923 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | |||||||||||||||||
(Cost $24,968,923) | 24,968,923 | 3.1 | ||||||||||||||||
Total Short-Term Investments | ||||||||||||||||||
(Cost $30,889,101) | 30,889,101 | 3.8 | ||||||||||||||||
Total Investments in Securities (Cost $703,372,012) | $ | 826,968,246 | 100.6 | |||||||||||||||
Liabilities in Excess of Other Assets | (4,552,588 | ) | (0.6 | ) | ||||||||||||||
Net Assets | $ | 822,415,658 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. | |
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
ADR | American Depositary Receipt | |
cc | Securities purchased with cash collateral for securities loaned. | |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. | |
X | Fair value determined by ING Funds Valuation Committee appointed by the Funds’ Board of Directors/Trustees. | |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. | |
Cost for federal income tax purposes is $704,376,298. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 124,801,249 | ||||
Gross Unrealized Depreciation | (2,209,301 | ) | ||||
Net Unrealized Appreciation | $ | 122,591,948 |
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.8% | |||||||||||||||||||
Consumer Discretionary: 10.3% | |||||||||||||||||||
20,333 | @ | ANN, Inc. | $ | 725,278 | 0.3 | ||||||||||||||
4,356 | @ | Ascena Retail Group, Inc. | 92,783 | 0.0 | |||||||||||||||
8,250 | Brunswick Corp. | 377,025 | 0.1 | ||||||||||||||||
46,800 | GNC Holdings, Inc. | 2,816,424 | 0.9 | ||||||||||||||||
65,400 | Goodyear Tire & Rubber Co. | 1,455,804 | 0.5 | ||||||||||||||||
135,300 | Interpublic Group of Cos., Inc. | 2,354,220 | 0.8 | ||||||||||||||||
39,361 | @ | Jarden Corp. | 2,213,662 | 0.7 | |||||||||||||||
37,800 | Lennar Corp. | 1,351,728 | 0.5 | ||||||||||||||||
21,400 | Mattel, Inc. | 990,178 | 0.3 | ||||||||||||||||
150,400 | Newell Rubbermaid, Inc. | 4,564,640 | 1.5 | ||||||||||||||||
64,300 | @ | Norwegian Cruise Line Holdings Ltd. | 2,192,630 | 0.7 | |||||||||||||||
6,100 | Ross Stores, Inc. | 466,406 | 0.2 | ||||||||||||||||
868,200 | Samsonite International SA | 2,593,898 | 0.9 | ||||||||||||||||
35,909 | @ | Taylor Morrison Home Corp. | 784,612 | 0.3 | |||||||||||||||
40,197 | @ | Tenneco, Inc. | 2,307,308 | 0.8 | |||||||||||||||
63,400 | @ | Toll Brothers, Inc. | 2,161,940 | 0.7 | |||||||||||||||
43,770 | @ | TRW Automotive Holdings Corp. | 3,396,552 | 1.1 | |||||||||||||||
30,845,088 | 10.3 | ||||||||||||||||||
Consumer Staples: 2.4% | |||||||||||||||||||
26,200 | @ | Bunge Ltd. | 2,099,144 | 0.7 | |||||||||||||||
83,856 | Ebro Foods SA | 1,930,788 | 0.7 | ||||||||||||||||
1,461 | Energizer Holdings, Inc. | 161,222 | 0.0 | ||||||||||||||||
34,700 | Ingredion, Inc. | 2,399,852 | 0.8 | ||||||||||||||||
158,792 | Treasury Wine Estates Ltd. | 709,790 | 0.2 | ||||||||||||||||
7,300,796 | 2.4 | ||||||||||||||||||
Energy: 9.2% | |||||||||||||||||||
35,060 | @ | Cameron International Corp. | 1,941,973 | 0.6 | |||||||||||||||
135,900 | @ | Cobalt International Energy, Inc. | 3,021,057 | 1.0 | |||||||||||||||
20,350 | @ | Concho Resources, Inc. | 2,114,975 | 0.7 | |||||||||||||||
24,470 | @ | Dresser-Rand Group, Inc. | 1,381,087 | 0.5 | |||||||||||||||
8,050 | @ | Geospace Technologies Corp. | 702,524 | 0.2 | |||||||||||||||
60,328 | @ | Gulfport Energy Corp. | 3,524,965 | 1.2 | |||||||||||||||
18,100 | Japan Petroleum Exploration Co. | 696,784 | 0.2 | ||||||||||||||||
59,500 | @ | Newfield Exploration Co. | 1,671,950 | 0.6 | |||||||||||||||
91,054 | @ | Noble Corp. PLC | 3,470,978 | 1.2 | |||||||||||||||
72,100 | @ | Ocean Rig UDW, Inc. | 1,501,843 | 0.5 | |||||||||||||||
71,200 | QEP Resources, Inc. | 2,279,824 | 0.8 | ||||||||||||||||
31,995 | Tesoro Corp. | 1,875,867 | 0.6 | ||||||||||||||||
28,350 | Tidewater, Inc. | 1,617,084 | 0.5 | ||||||||||||||||
147,300 | Trican Well Services Ltd. | 1,746,723 | 0.6 | ||||||||||||||||
27,547,634 | 9.2 | ||||||||||||||||||
Financials: 22.0% | |||||||||||||||||||
56,200 | American Assets Trust, Inc. | 1,752,878 | 0.6 | ||||||||||||||||
28,200 | American Financial Group, Inc. | 1,626,012 | 0.5 | ||||||||||||||||
35,500 | @ | Argo Group International Holdings Ltd. | 1,678,795 | 0.6 | |||||||||||||||
62,900 | BankUnited, Inc. | 2,030,412 | 0.7 | ||||||||||||||||
81,800 | Blackstone Mortgage Trust, Inc. | 2,113,712 | 0.7 | ||||||||||||||||
34,050 | CIT Group, Inc. | 1,718,844 | 0.6 | ||||||||||||||||
65,400 | Comerica, Inc. | 2,965,890 | 1.0 | ||||||||||||||||
61,800 | Equity Lifestyle Properties, Inc. | 2,193,900 | 0.7 | ||||||||||||||||
118,700 | EverBank Financial Corp. | 2,026,209 | 0.7 | ||||||||||||||||
68,540 | Fifth Third Bancorp. | 1,392,733 | 0.5 | ||||||||||||||||
78,440 | First Midwest Bancorp., Inc. | 1,440,158 | 0.5 | ||||||||||||||||
17,820 | First Republic Bank | 910,602 | 0.3 | ||||||||||||||||
92,900 | @ | Forest City Enterprises, Inc. | 1,811,550 | 0.6 | |||||||||||||||
49,200 | Hanover Insurance Group, Inc. | 2,967,252 | 1.0 | ||||||||||||||||
94,150 | Hartford Financial Services Group, Inc. | 3,354,564 | 1.1 | ||||||||||||||||
47,100 | Hatteras Financial Corp. | 787,041 | 0.3 | ||||||||||||||||
42,550 | HCC Insurance Holdings, Inc. | 1,956,449 | 0.6 | ||||||||||||||||
201,022 | Huntington Bancshares, Inc. | 1,845,382 | 0.6 | ||||||||||||||||
34,600 | IBERIABANK Corp. | 2,169,420 | 0.7 | ||||||||||||||||
289,132 | L | KKR Financial Holdings LLC | 2,769,885 | 0.9 | |||||||||||||||
31,700 | LaSalle Hotel Properties | 992,844 | 0.3 | ||||||||||||||||
64,600 | LPL Financial Holdings, Inc. | 2,769,402 | 0.9 | ||||||||||||||||
46,900 | Plum Creek Timber Co., Inc. | 2,051,406 | 0.7 | ||||||||||||||||
38,900 | Principal Financial Group, Inc. | 1,969,507 | 0.7 | ||||||||||||||||
87,659 | Reinsurance Group of America, Inc. | 6,572,672 | 2.2 | ||||||||||||||||
41,500 | STAG Industrial, Inc. | 899,720 | 0.3 | ||||||||||||||||
160,950 | UnumProvident Corp. | 5,403,091 | 1.8 | ||||||||||||||||
88,300 | @ | XL Group PLC | 2,824,717 | 0.9 | |||||||||||||||
97,700 | Zions Bancorp. | 2,865,541 | 1.0 | ||||||||||||||||
65,860,588 | 22.0 | ||||||||||||||||||
Health Care: 8.2% | |||||||||||||||||||
12,238 | @ | Actavis PLC | 1,995,651 | 0.7 | |||||||||||||||
253,399 | L | Almirall SA | 3,934,634 | 1.3 | |||||||||||||||
29,950 | AmerisourceBergen Corp. | 2,112,373 | 0.7 | ||||||||||||||||
104,600 | @ | Brookdale Senior Living, Inc. | 3,050,136 | 1.0 | |||||||||||||||
13,650 | @ | Centene Corp. | 815,314 | 0.3 | |||||||||||||||
21,800 | Community Health Systems, Inc. | 899,250 | 0.3 | ||||||||||||||||
40,800 | @ | Mylan Laboratories | 1,800,504 | 0.6 | |||||||||||||||
27,800 | Ono Pharmaceutical Co., Ltd. | 2,107,319 | 0.7 | ||||||||||||||||
18,250 | Teleflex, Inc. | 1,794,158 | 0.6 | ||||||||||||||||
24,819 | UCB S.A. | 1,664,232 | 0.6 | ||||||||||||||||
16,140 | Universal Health Services, Inc. | 1,330,420 | 0.4 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Health Care: (continued) | |||||||||||||||||||
40,400 | @ | WellCare Health Plans, Inc. | $ | 3,001,720 | 1.0 | ||||||||||||||
24,505,711 | 8.2 | ||||||||||||||||||
Industrials: 14.6% | |||||||||||||||||||
13,130 | Alaska Air Group, Inc. | 1,020,726 | 0.3 | ||||||||||||||||
43,600 | @ | Avis Budget Group, Inc. | 1,607,096 | 0.5 | |||||||||||||||
94,800 | Barnes Group, Inc. | 3,460,200 | 1.1 | ||||||||||||||||
2,700 | @ | Chart Industries, Inc. | 262,710 | 0.1 | |||||||||||||||
31,600 | Chicago Bridge & Iron Co. NV | 2,423,088 | 0.8 | ||||||||||||||||
32,400 | Curtiss-Wright Corp. | 1,709,748 | 0.6 | ||||||||||||||||
32,700 | @ | Esterline Technologies Corp. | 2,878,254 | 1.0 | |||||||||||||||
17,200 | Fluor Corp. | 1,338,332 | 0.4 | ||||||||||||||||
28,300 | Hubbell, Inc. | 3,053,853 | 1.0 | ||||||||||||||||
122,950 | KBR, Inc. | 4,159,398 | 1.4 | ||||||||||||||||
10,114 | @ | Kirby Corp. | 955,267 | 0.3 | |||||||||||||||
42,900 | @ | Moog, Inc. | 2,945,943 | 1.0 | |||||||||||||||
22,459 | @ | Old Dominion Freight Line | 1,157,312 | 0.4 | |||||||||||||||
38,430 | @ | Owens Corning, Inc. | 1,504,919 | 0.5 | |||||||||||||||
26,200 | @ | Pentair Ltd. | 1,852,864 | 0.6 | |||||||||||||||
92,562 | Rexel SA | 2,346,311 | 0.8 | ||||||||||||||||
56,700 | @ | Spirit Airlines, Inc. | 2,600,829 | 0.9 | |||||||||||||||
7,200 | @ | Teledyne Technologies, Inc. | 667,656 | 0.2 | |||||||||||||||
11,300 | Triumph Group, Inc. | 835,522 | 0.3 | ||||||||||||||||
42,750 | @ | United Rentals, Inc. | 2,938,208 | 1.0 | |||||||||||||||
12,480 | Werner Enterprises, Inc. | 300,394 | 0.1 | ||||||||||||||||
43,900 | @ | Wesco International, Inc. | 3,774,522 | 1.3 | |||||||||||||||
43,793,152 | 14.6 | ||||||||||||||||||
Information Technology: 16.6% | |||||||||||||||||||
70,150 | AOL, Inc. | 3,127,287 | 1.0 | ||||||||||||||||
118,797 | @ | Arrow Electronics, Inc. | 6,099,038 | 2.0 | |||||||||||||||
154,150 | @ | Avago Technologies Ltd. | 6,895,130 | 2.3 | |||||||||||||||
19,350 | Avnet, Inc. | 772,065 | 0.3 | ||||||||||||||||
73,100 | Booz Allen Hamilton Holding Corp. | 1,278,519 | 0.4 | ||||||||||||||||
38,000 | @ | Check Point Software Technologies | 2,350,680 | 0.8 | |||||||||||||||
18,950 | Coherent, Inc. | 1,308,308 | 0.4 | ||||||||||||||||
88,500 | Jabil Circuit, Inc. | 1,793,895 | 0.6 | ||||||||||||||||
22,352 | @, L | Liquidity Services, Inc. | 517,896 | 0.2 | |||||||||||||||
55,900 | Maxim Integrated Products | 1,592,032 | 0.5 | ||||||||||||||||
23,950 | Microchip Technology, Inc. | 1,036,795 | 0.4 | ||||||||||||||||
111,600 | @ | Microsemi Corp. | 2,726,388 | 0.9 | |||||||||||||||
161,748 | @ | NXP Semiconductor NV | 6,874,290 | 2.3 | |||||||||||||||
16,500 | Sandisk Corp. | 1,124,475 | 0.4 | ||||||||||||||||
297,207 | @ | Skyworks Solutions, Inc. | 7,902,734 | 2.6 | |||||||||||||||
28,692 | @ | Take-Two Interactive Software, Inc. | 469,401 | 0.2 | |||||||||||||||
71,400 | @ | Verint Systems, Inc. | 2,707,488 | 0.9 | |||||||||||||||
44,595 | @ | Web.com Group, Inc. | 1,273,187 | 0.4 | |||||||||||||||
49,849,608 | 16.6 | ||||||||||||||||||
Materials: 8.9% | |||||||||||||||||||
9,248 | Ashland, Inc. | 842,307 | 0.3 | ||||||||||||||||
52,400 | Cabot Corp. | 2,557,120 | 0.9 | ||||||||||||||||
12,900 | Carpenter Technology Corp. | 777,741 | 0.3 | ||||||||||||||||
42,700 | Celanese Corp. | 2,396,751 | 0.8 | ||||||||||||||||
63,699 | @ | Crown Holdings, Inc. | 2,811,674 | 0.9 | |||||||||||||||
27,450 | Cytec Industries, Inc. | 2,456,226 | 0.8 | ||||||||||||||||
108,700 | @ | Louisiana-Pacific Corp. | 1,782,680 | 0.6 | |||||||||||||||
75,300 | Methanex Corp. | 4,623,420 | 1.5 | ||||||||||||||||
136,820 | @ | Owens-Illinois, Inc. | 4,515,060 | 1.5 | |||||||||||||||
48,100 | Packaging Corp. of America | 2,946,606 | 1.0 | ||||||||||||||||
5,600 | Reliance Steel & Aluminum Co. | 411,768 | 0.1 | ||||||||||||||||
89,788 | Rexam PLC | 733,279 | 0.2 | ||||||||||||||||
26,854,632 | 8.9 | ||||||||||||||||||
Utilities: 5.6% | |||||||||||||||||||
42,600 | Alliant Energy Corp. | 2,193,900 | 0.8 | ||||||||||||||||
126,550 | @ | Calpine Corp. | 2,393,061 | 0.8 | |||||||||||||||
93,200 | CMS Energy Corp. | 2,473,528 | 0.8 | ||||||||||||||||
32,640 | Edison International | 1,508,294 | 0.5 | ||||||||||||||||
51,700 | Great Plains Energy, Inc. | 1,227,358 | 0.4 | ||||||||||||||||
21,300 | NorthWestern Corp. | 936,774 | 0.3 | ||||||||||||||||
76,200 | UGI Corp. | 3,067,812 | 1.0 | ||||||||||||||||
56,400 | Westar Energy, Inc. | 1,768,704 | 0.6 | ||||||||||||||||
28,200 | Wisconsin Energy Corp. | 1,177,914 | 0.4 | ||||||||||||||||
16,747,345 | 5.6 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $240,566,671) | 293,304,554 | 97.8 |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.4% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.6% | |||||||||||||||||||
1,000,000 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $1,000,007, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $1,020,000, due 04/24/14–11/20/43) | 1,000,000 | 0.3 | ||||||||||||||||
855,481 | Morgan Stanley, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $855,487, collateralized by various U.S. Government Agency Obligations, 1.377%–8.500%, Market Value plus accrued interest $872,591, due 05/01/17–12/01/44) | 855,481 | 0.3 | ||||||||||||||||
1,855,481 | 0.6 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mutual Funds: 0.8% | ||||||||||||||||||
2,332,956 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | |||||||||||||||||
(Cost $2,332,956) | $ | 2,332,956 | 0.8 | |||||||||||||||
Total Short-Term Investments | ||||||||||||||||||
(Cost $4,188,437) | 4,188,437 | 1.4 | ||||||||||||||||
Total Investments in Securities (Cost $244,755,108) | $ | 297,492,991 | 99.2 | |||||||||||||||
Assets in Excess of Other Liabilities | 2,264,288 | 0.8 | ||||||||||||||||
Net Assets | $ | 299,757,279 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. | |
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
cc | Securities purchased with cash collateral for securities loaned. | |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. | |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. | |
Cost for federal income tax purposes is $246,535,990. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 53,819,535 | ||||
Gross Unrealized Depreciation | (2,862,534 | ) | ||||
Net Unrealized Appreciation | $ | 50,957,001 |
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.1% | |||||||||||||||||||
Consumer Discretionary: 24.7% | |||||||||||||||||||
72,122 | @ | AMC Networks, Inc. | $ | 4,629,511 | 0.3 | ||||||||||||||
482,399 | Best Buy Co., Inc. | 19,561,280 | 1.4 | ||||||||||||||||
482,709 | Brinker International, Inc. | 22,701,804 | 1.6 | ||||||||||||||||
54,233 | @ | Chipotle Mexican Grill, Inc. | 28,410,499 | 2.0 | |||||||||||||||
452,973 | @ | Delphi Automotive PLC | 26,521,569 | 1.9 | |||||||||||||||
377,716 | @ | Discovery Communications, Inc. — Class A | 32,963,275 | 2.4 | |||||||||||||||
472,568 | Gap, Inc. | 19,361,111 | 1.4 | ||||||||||||||||
153,514 | @ | Liberty Media Corp. | 23,558,258 | 1.7 | |||||||||||||||
547,107 | Macy’s, Inc. | 29,138,919 | 2.1 | ||||||||||||||||
205,087 | @ | The Madison Square Garden, Inc. | 11,558,703 | 0.8 | |||||||||||||||
180,747 | @ | Michael Kors Holdings Ltd. | 14,739,918 | 1.0 | |||||||||||||||
566,766 | Newell Rubbermaid, Inc. | 17,201,348 | 1.2 | ||||||||||||||||
352,975 | @ | Penn National Gaming, Inc. | 5,096,959 | 0.4 | |||||||||||||||
349,654 | Ross Stores, Inc. | 26,734,545 | 1.9 | ||||||||||||||||
312,968 | @ | Scientific Games Corp. | 5,617,776 | 0.4 | |||||||||||||||
484,391 | @ | Starz | 13,698,578 | 1.0 | |||||||||||||||
205,368 | @ | Ulta Salon Cosmetics & Fragrance, Inc. | 26,069,414 | 1.9 | |||||||||||||||
478,708 | @ | Urban Outfitters, Inc. | 18,679,186 | 1.3 | |||||||||||||||
346,242,653 | 24.7 | ||||||||||||||||||
Consumer Staples: 7.5% | |||||||||||||||||||
588,912 | Coca-Cola Enterprises, Inc. | 24,698,970 | 1.8 | ||||||||||||||||
289,134 | Hershey Co. | 28,014,193 | 2.0 | ||||||||||||||||
257,555 | Mead Johnson Nutrition Co. | 21,765,973 | 1.5 | ||||||||||||||||
537,767 | Whole Foods Market, Inc. | 30,437,612 | 2.2 | ||||||||||||||||
104,916,748 | 7.5 | ||||||||||||||||||
Energy: 6.1% | |||||||||||||||||||
749,378 | Cabot Oil & Gas Corp. | 25,816,072 | 1.8 | ||||||||||||||||
423,143 | @ | FMC Technologies, Inc. | 20,353,178 | 1.5 | |||||||||||||||
326,429 | @ | Noble Corp. PLC | 12,443,474 | 0.9 | |||||||||||||||
283,613 | @ | Oasis Petroleum, Inc. | 13,083,068 | 0.9 | |||||||||||||||
153,657 | SM Energy Co. | 13,543,328 | 1.0 | ||||||||||||||||
85,239,120 | 6.1 | ||||||||||||||||||
Financials: 9.2% | |||||||||||||||||||
111,609 | @ | Affiliated Managers Group, Inc. | 22,349,702 | 1.6 | |||||||||||||||
220,802 | Ameriprise Financial, Inc. | 23,901,816 | 1.7 | ||||||||||||||||
463,953 | Arthur J. Gallagher & Co. | 21,592,373 | 1.5 | ||||||||||||||||
52,083 | Equifax, Inc. | 3,506,748 | 0.2 | ||||||||||||||||
352,975 | @, L | Gaming and Leisure Properties, Inc. | 16,279,207 | 1.2 | |||||||||||||||
102,941 | IntercontinentalExchange Group, Inc. | 21,956,286 | 1.6 | ||||||||||||||||
495,499 | Nasdaq Stock Market, Inc. | 19,468,156 | 1.4 | ||||||||||||||||
129,054,288 | 9.2 | ||||||||||||||||||
Health Care: 13.2% | |||||||||||||||||||
176,269 | @ | Actavis PLC | 28,744,186 | 2.1 | |||||||||||||||
285,618 | Agilent Technologies, Inc. | 15,300,556 | 1.1 | ||||||||||||||||
236,679 | @ | Alexion Pharmaceuticals, Inc. | 29,466,536 | 2.1 | |||||||||||||||
143,299 | Cooper Cos., Inc. | 18,878,210 | 1.4 | ||||||||||||||||
158,161 | @ | Henry Schein, Inc. | 18,030,354 | 1.3 | |||||||||||||||
44,420 | @ | Mettler Toledo International, Inc. | 10,952,639 | 0.8 | |||||||||||||||
582,960 | @ | Mylan Laboratories | 25,726,025 | 1.8 | |||||||||||||||
221,695 | @ | Premier, Inc. | 7,295,982 | 0.5 | |||||||||||||||
110,018 | @ | Vertex Pharmaceuticals, Inc. | 7,637,450 | 0.5 | |||||||||||||||
717,574 | Zoetis, Inc. | 22,352,430 | 1.6 | ||||||||||||||||
184,384,368 | 13.2 | ||||||||||||||||||
Industrials: 14.8% | |||||||||||||||||||
464,436 | Ametek, Inc. | 22,859,540 | 1.6 | ||||||||||||||||
254,070 | @ | BE Aerospace, Inc. | 22,104,090 | 1.6 | |||||||||||||||
277,698 | Flowserve Corp. | 19,822,083 | 1.4 | ||||||||||||||||
346,303 | @ | Ingersoll-Rand PLC — Class A | 24,732,960 | 1.8 | |||||||||||||||
481,813 | KAR Auction Services, Inc. | 13,293,221 | 0.9 | ||||||||||||||||
166,735 | Nordson Corp. | 12,024,928 | 0.9 | ||||||||||||||||
50,299 | Pall Corp. | 4,210,026 | 0.3 | ||||||||||||||||
114,328 | @ | Proto Labs, Inc. | 8,494,571 | 0.6 | |||||||||||||||
174,980 | Roper Industries, Inc. | 22,694,906 | 1.6 | ||||||||||||||||
118,462 | Towers Watson & Co. | 13,338,821 | 1.0 | ||||||||||||||||
413,929 | Waste Connections, Inc. | 18,188,040 | 1.3 | ||||||||||||||||
163,098 | @ | Wesco International, Inc. | 14,023,166 | 1.0 | |||||||||||||||
323,933 | Xylem, Inc. | 11,195,125 | 0.8 | ||||||||||||||||
206,981,477 | 14.8 | ||||||||||||||||||
Information Technology: 16.4% | |||||||||||||||||||
103,033 | @ | Alliance Data Systems Corp. | 24,960,775 | 1.8 | |||||||||||||||
341,601 | Broadridge Financial Solutions ADR | 13,032,078 | 0.9 | ||||||||||||||||
305,950 | @ | Citrix Systems, Inc. | 18,148,954 | 1.3 | |||||||||||||||
216,389 | @ | F5 Networks, Inc. | 17,800,159 | 1.3 | |||||||||||||||
669,565 | Flir Systems, Inc. | 19,865,994 | 1.4 | ||||||||||||||||
45,128 | @ | Gartner, Inc. | 2,917,525 | 0.2 | |||||||||||||||
734,161 | @ | Informatica Corp. | 28,492,788 | 2.0 | |||||||||||||||
531,999 | Intuit, Inc. | 39,490,286 | 2.8 | ||||||||||||||||
692,674 | NetApp, Inc. | 28,572,802 | 2.1 | ||||||||||||||||
750,152 | @ | TIBCO Software, Inc. | 18,131,174 | 1.3 | |||||||||||||||
410,210 | Xilinx, Inc. | 18,225,630 | 1.3 | ||||||||||||||||
229,638,165 | 16.4 | ||||||||||||||||||
Materials: 4.4% | |||||||||||||||||||
136,221 | Celanese Corp. | 7,646,085 | 0.5 | ||||||||||||||||
499,215 | International Paper Co. | 23,288,380 | 1.7 | ||||||||||||||||
357,962 | Packaging Corp. of America | 21,928,752 | 1.6 | ||||||||||||||||
508,193 | Steel Dynamics, Inc. | 9,259,276 | 0.6 | ||||||||||||||||
62,122,493 | 4.4 | ||||||||||||||||||
Telecommunication Services: 1.8% | |||||||||||||||||||
300,487 | @ | SBA Communications Corp. | 25,592,478 | 1.8 | |||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $1,135,039,826) | 1,374,171,790 | 98.1 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.8% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.0% | |||||||||||||||||||
687,686 | Morgan Stanley, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $687,691, collateralized by various U.S. Government Agency Obligations, 1.377%–8.500%, Market Value plus accrued interest $701,440, due 05/01/17–12/01/44) | ||||||||||||||||||
(Cost $687,686) | $ | 687,686 | 0.0 |
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mutual Funds: 1.8% | ||||||||||||||||||
24,806,107 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | |||||||||||||||||
(Cost $24,806,107) | 24,806,107 | 1.8 | ||||||||||||||||
Total Short-Term Investments | ||||||||||||||||||
(Cost $25,493,793) | 25,493,793 | 1.8 | ||||||||||||||||
Total Investments in Securities (Cost $1,160,533,619) | $ | 1,399,665,583 | 99.9 | |||||||||||||||
Assets in Excess of Other Liabilities | 1,205,555 | 0.1 | ||||||||||||||||
Net Assets | $ | 1,400,871,138 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. | |
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
cc | Securities purchased with cash collateral for securities loaned. | |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. | |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. | |
Cost for federal income tax purposes is $1,163,012,521. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 257,308,000 | ||||
Gross Unrealized Depreciation | (20,654,938 | ) | ||||
Net Unrealized Appreciation | $ | 236,653,062 |
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.9% | |||||||||||||||||||
Consumer Discretionary: 0.9% | |||||||||||||||||||
189,600 | @ | Extended Stay America, Inc. | $ | 4,774,128 | 0.4 | ||||||||||||||
81,800 | Starwood Hotels & Resorts Worldwide, Inc. | 6,092,464 | 0.5 | ||||||||||||||||
10,866,592 | 0.9 | ||||||||||||||||||
Financials: 98.0% | |||||||||||||||||||
328,200 | American Realty Capital Properties, Inc. | 4,302,702 | 0.4 | ||||||||||||||||
207,600 | @ | American Residential Properties, Inc. | 3,645,456 | 0.3 | |||||||||||||||
275,709 | AvalonBay Communities, Inc. | 32,688,059 | 2.7 | ||||||||||||||||
912,300 | BioMed Realty Trust, Inc. | 16,950,534 | 1.4 | ||||||||||||||||
396,682 | Boston Properties, Inc. | 39,465,892 | 3.3 | ||||||||||||||||
759,900 | Brandywine Realty Trust | 10,091,472 | 0.8 | ||||||||||||||||
461,300 | BRE Properties, Inc. | 23,632,399 | 2.0 | ||||||||||||||||
302,500 | Brixmor Property Group, Inc. | 6,104,450 | 0.5 | ||||||||||||||||
1,328,100 | Cole Real Estate Investment, Inc. | 19,005,111 | 1.6 | ||||||||||||||||
75,000 | CommonWealth REIT | 1,790,250 | 0.2 | ||||||||||||||||
975,600 | Cousins Properties, Inc. | 10,448,676 | 0.9 | ||||||||||||||||
517,378 | CubeSmart | 8,391,871 | 0.7 | ||||||||||||||||
1,799,200 | DCT Industrial Trust, Inc. | 13,422,032 | 1.1 | ||||||||||||||||
1,533,000 | DDR Corp. | 24,512,670 | 2.0 | ||||||||||||||||
182,300 | Digital Realty Trust, Inc. | 8,611,852 | 0.7 | ||||||||||||||||
898,500 | Douglas Emmett, Inc. | 20,647,530 | 1.7 | ||||||||||||||||
1,565,800 | Duke Realty Corp. | 23,768,844 | 2.0 | ||||||||||||||||
285,800 | EPR Properties | 14,372,882 | 1.2 | ||||||||||||||||
1,128,939 | Equity Residential | 58,185,516 | 4.8 | ||||||||||||||||
137,370 | Essex Property Trust, Inc. | 20,854,140 | 1.7 | ||||||||||||||||
23,200 | Federal Realty Investment Trust | 2,401,664 | 0.2 | ||||||||||||||||
1,619,942 | General Growth Properties, Inc. | 33,613,796 | 2.8 | ||||||||||||||||
708,900 | HCP, Inc. | 26,066,253 | 2.2 | ||||||||||||||||
826,700 | Health Care Real Estate Investment Trust, Inc. | 46,286,933 | 3.8 | ||||||||||||||||
706,920 | Healthcare Realty Trust, Inc. | 15,644,140 | 1.3 | ||||||||||||||||
704,700 | Healthcare Trust of America, Inc. | 7,152,705 | 0.6 | ||||||||||||||||
444,400 | Highwoods Properties, Inc. | 15,962,848 | 1.3 | ||||||||||||||||
3,348,555 | Host Hotels & Resorts, Inc. | 61,646,898 | 5.1 | ||||||||||||||||
495,100 | Kilroy Realty Corp. | 24,928,285 | 2.1 | ||||||||||||||||
1,537,823 | Kimco Realty Corp. | 31,709,910 | 2.6 | ||||||||||||||||
1,224,400 | Lexington Realty Trust | 12,574,588 | 1.0 | ||||||||||||||||
730,700 | Liberty Property Trust | 23,667,373 | 2.0 | ||||||||||||||||
530,325 | Macerich Co. | 30,196,705 | 2.5 | ||||||||||||||||
282,881 | Pebblebrook Hotel Trust | 8,579,781 | 0.7 | ||||||||||||||||
379,700 | Post Properties, Inc. | 16,273,942 | 1.3 | ||||||||||||||||
1,447,802 | ProLogis, Inc. | 54,915,130 | 4.5 | ||||||||||||||||
264,002 | Public Storage, Inc. | 40,313,105 | 3.3 | ||||||||||||||||
454,227 | Ramco-Gershenson Properties | 7,267,632 | 0.6 | ||||||||||||||||
192,100 | Realty Income Corp. | 7,320,931 | 0.6 | ||||||||||||||||
298,700 | Regency Centers Corp. | 13,991,108 | 1.2 | ||||||||||||||||
715,700 | Senior Housing Properties Trust | 16,210,605 | 1.3 | ||||||||||||||||
721,899 | Simon Property Group, Inc. | 108,176,565 | 9.0 | ||||||||||||||||
372,000 | @ | SL Green Realty Corp. | 33,654,840 | 2.8 | |||||||||||||||
1,465,500 | Spirit Realty Capital, Inc. | 14,552,415 | 1.2 | ||||||||||||||||
1,318,200 | @ | Strategic Hotel Capital, Inc. | 11,771,526 | 1.0 | |||||||||||||||
242,245 | Sun Communities, Inc. | 9,883,596 | 0.8 | ||||||||||||||||
1,057,300 | Sunstone Hotel Investors, Inc. | 13,818,911 | 1.1 | ||||||||||||||||
110,000 | Tanger Factory Outlet Centers, Inc. | 3,637,700 | 0.3 | ||||||||||||||||
299,110 | Taubman Centers, Inc. | 19,555,812 | 1.6 | ||||||||||||||||
1,382,604 | UDR, Inc. | 32,173,195 | 2.7 | ||||||||||||||||
489,057 | Ventas, Inc. | 27,793,109 | 2.3 | ||||||||||||||||
510,804 | Vornado Realty Trust | 44,914,996 | 3.7 | ||||||||||||||||
199,200 | Weyerhaeuser Co. | 6,001,896 | 0.5 | ||||||||||||||||
1,183,551,231 | 98.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $855,814,418) | 1,194,417,823 | 98.9 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.8% | |||||||||||||||||||
Mutual Funds: 0.8% | |||||||||||||||||||
9,585,392 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | ||||||||||||||||||
(Cost $9,585,392) | 9,585,392 | 0.8 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $9,585,392) | 9,585,392 | 0.8 | |||||||||||||||||
Total Investments in Securities (Cost $865,399,810) | $ | 1,204,003,215 | 99.7 | ||||||||||||||||
Assets in Excess of Other Liabilities | 3,915,488 | 0.3 | |||||||||||||||||
Net Assets | $ | 1,207,918,703 | 100.0 |
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
Cost for federal income tax purposes is $974,161,573. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 349,022,233 | ||||
Gross Unrealized Depreciation | (119,180,591 | ) | ||||
Net Unrealized Appreciation | $ | 229,841,642 |
AS OF NOVEMBER 30, 2013 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 93.5% | |||||||||||||||||||
Consumer Discretionary: 18.2% | |||||||||||||||||||
74,300 | @, L | Aeropostale, Inc. | $ | 766,776 | 0.2 | ||||||||||||||
50,486 | Arctic Cat, Inc. | 2,840,847 | 0.6 | ||||||||||||||||
55,500 | @ | Bally Technologies, Inc. | 4,138,635 | 0.9 | |||||||||||||||
57,624 | @ | Bright Horizons Family Solutions, Inc. | 2,008,196 | 0.4 | |||||||||||||||
333,076 | Callaway Golf Co. | 2,697,916 | 0.6 | ||||||||||||||||
105,000 | Cheesecake Factory | 5,118,750 | 1.1 | ||||||||||||||||
61,400 | @ | Childrens Place Retail Stores, Inc. | 3,377,000 | 0.7 | |||||||||||||||
112,096 | Cinemark Holdings, Inc. | 3,698,047 | 0.8 | ||||||||||||||||
195,500 | Dana Holding Corp. | 3,964,740 | 0.8 | ||||||||||||||||
191,588 | @ | Express, Inc. | 4,714,981 | 1.0 | |||||||||||||||
150,800 | Finish Line | 3,982,628 | 0.8 | ||||||||||||||||
43,300 | Gildan Activewear, Inc. | 2,098,751 | 0.4 | ||||||||||||||||
71,077 | @, L | Hibbett Sporting Goods, Inc. | 4,589,442 | 1.0 | |||||||||||||||
115,478 | @ | Imax Corp. | 3,560,187 | 0.7 | |||||||||||||||
90,100 | @ | Jack in the Box, Inc. | 4,266,235 | 0.9 | |||||||||||||||
78,819 | @ | Life Time Fitness, Inc. | 3,823,510 | 0.8 | |||||||||||||||
122,602 | @ | LKQ Corp. | 4,064,256 | 0.8 | |||||||||||||||
18,856 | @ | Lumber Liquidators | 1,898,611 | 0.4 | |||||||||||||||
81,959 | Monro Muffler, Inc. | 4,348,744 | 0.9 | ||||||||||||||||
63,155 | Pool Corp. | 3,539,206 | 0.7 | ||||||||||||||||
93,300 | @ | Sally Beauty Holdings, Inc. | 2,625,462 | 0.6 | |||||||||||||||
294,140 | @, L | Smith & Wesson Holding Corp. | 3,476,735 | 0.7 | |||||||||||||||
51,763 | @ | Steiner Leisure Ltd. | 3,062,299 | 0.6 | |||||||||||||||
70,558 | Vail Resorts, Inc. | 5,347,591 | 1.1 | ||||||||||||||||
47,326 | Wyndham Worldwide Corp. | 3,393,747 | 0.7 | ||||||||||||||||
87,403,292 | 18.2 | ||||||||||||||||||
Consumer Staples: 2.3% | |||||||||||||||||||
67,300 | Casey’s General Stores, Inc. | 5,008,466 | 1.1 | ||||||||||||||||
63,700 | @ | Elizabeth Arden, Inc. | 2,518,061 | 0.5 | |||||||||||||||
153,525 | Flowers Foods, Inc. | 3,336,098 | 0.7 | ||||||||||||||||
10,862,625 | 2.3 | ||||||||||||||||||
Energy: 5.0% | |||||||||||||||||||
147,300 | @, L | Bill Barrett Corp. | 3,960,897 | 0.8 | |||||||||||||||
180,425 | @ | C&J Energy Services, Inc. | 4,276,072 | 0.9 | |||||||||||||||
77,400 | @ | Carrizo Oil & Gas, Inc. | 3,130,056 | 0.7 | |||||||||||||||
85,450 | @ | Energy XXI Bermuda Ltd. | 2,320,822 | 0.5 | |||||||||||||||
235,700 | @ | Key Energy Services, Inc. | 1,847,888 | 0.4 | |||||||||||||||
57,300 | @ | Rosetta Resources, Inc. | 2,897,661 | 0.6 | |||||||||||||||
157,600 | @, L | Swift Energy Co. | 2,097,656 | 0.4 | |||||||||||||||
74,500 | @ | Unit Corp. | 3,587,920 | 0.7 | |||||||||||||||
24,118,972 | 5.0 | ||||||||||||||||||
Financials: 10.1% | |||||||||||||||||||
119,800 | Colony Financial, Inc. | 2,422,356 | 0.5 | ||||||||||||||||
119,955 | Coresite Realty Corp. | 3,881,744 | 0.8 | ||||||||||||||||
98,795 | @ | DFC Global Corp. | 988,938 | 0.2 | |||||||||||||||
27,844 | @ | eHealth, Inc. | 1,261,612 | 0.3 | |||||||||||||||
58,787 | Financial Engines, Inc. | 3,982,819 | 0.8 | ||||||||||||||||
102,500 | First American Financial Corp. | 2,712,150 | 0.6 | ||||||||||||||||
116,793 | Geo Group, Inc. | 3,830,810 | 0.8 | ||||||||||||||||
42,000 | Home Properties, Inc. | 2,208,360 | 0.5 | ||||||||||||||||
55,972 | MarketAxess Holdings, Inc. | 3,938,750 | 0.8 | ||||||||||||||||
86,201 | @ | Portfolio Recovery Associates, Inc. | 5,034,138 | 1.0 | |||||||||||||||
46,200 | ProAssurance Corp. | 2,221,296 | 0.5 | ||||||||||||||||
30,941 | @ | Signature Bank | 3,287,481 | 0.7 | |||||||||||||||
62,100 | Sovran Self Storage, Inc. | 4,144,554 | 0.9 | ||||||||||||||||
69,600 | @ | Springleaf Holdings, Inc. | 1,467,168 | 0.3 | |||||||||||||||
37,600 | @ | SVB Financial Group | 3,806,624 | 0.8 | |||||||||||||||
94,300 | Tanger Factory Outlet Centers, Inc. | 3,118,501 | 0.6 | ||||||||||||||||
48,307,301 | 10.1 | ||||||||||||||||||
Health Care: 16.7% | |||||||||||||||||||
60,100 | @ | Acorda Therapeutics, Inc. | 2,092,081 | 0.4 | |||||||||||||||
56,000 | Air Methods Corp. | 3,133,760 | 0.7 | ||||||||||||||||
47,500 | @ | Align Technology, Inc. | 2,595,400 | 0.5 | |||||||||||||||
33,300 | @ | �� | Alkermes PLC | 1,344,654 | 0.3 | ||||||||||||||
17,209 | @ | Bio-Rad Laboratories, Inc. | 2,110,168 | 0.4 | |||||||||||||||
58,434 | @ | Centene Corp. | 3,490,263 | 0.7 | |||||||||||||||
24,300 | L | Chemed Corp. | 1,893,699 | 0.4 | |||||||||||||||
27,600 | @ | Cubist Pharmaceuticals, Inc. | 1,890,876 | 0.4 | |||||||||||||||
94,200 | @ | Cynosure, Inc. | 2,438,838 | 0.5 | |||||||||||||||
84,730 | @ | Haemonetics Corp. | 3,580,690 | 0.7 | |||||||||||||||
148,944 | Healthsouth Corp. | 5,330,706 | 1.1 | ||||||||||||||||
61,200 | @ | Impax Laboratories, Inc. | 1,471,248 | 0.3 | |||||||||||||||
127,600 | @ | InterMune, Inc. | 1,764,708 | 0.4 | |||||||||||||||
35,736 | @ | IPC The Hospitalist Co., Inc. | 2,247,080 | 0.5 | |||||||||||||||
88,580 | @ | Luminex Corp. | 1,733,511 | 0.4 | |||||||||||||||
112,400 | @ | Masimo Corp. | 3,218,012 | 0.7 | |||||||||||||||
76,428 | @ | Medicines Co. | 2,798,029 | 0.6 | |||||||||||||||
28,797 | @ | Mednax, Inc. | 3,190,708 | 0.7 | |||||||||||||||
122,325 | @ | Merit Medical Systems, Inc. | 2,002,460 | 0.4 | |||||||||||||||
64,313 | @ | Momenta Pharmaceuticals, Inc. | 1,144,128 | 0.2 | |||||||||||||||
131,622 | @ | Nektar Therapeutics | 1,653,172 | 0.3 | |||||||||||||||
25,311 | @ | Neogen Corp. | 1,287,571 | 0.3 | |||||||||||||||
54,500 | @ | Omnicell, Inc. | 1,321,625 | 0.3 | |||||||||||||||
14,104 | @ | OncoGenex Pharmaceutical, Inc. | 121,153 | 0.0 | |||||||||||||||
97,700 | Owens & Minor, Inc. | 3,729,209 | 0.8 | ||||||||||||||||
13,500 | @ | Salix Pharmaceuticals Ltd. | 1,144,935 | 0.2 | |||||||||||||||
35,000 | @ | Seattle Genetics, Inc. | 1,438,150 | 0.3 | |||||||||||||||
72,446 | Steris Corp. | 3,342,658 | 0.7 | ||||||||||||||||
46,000 | @ | Surgical Care Affiliates, Inc. | 1,400,240 | 0.3 | |||||||||||||||
102,900 | @ | Team Health Holdings, Inc. | 4,808,517 | 1.0 | |||||||||||||||
23,752 | @ | Theravance, Inc. | 896,875 | 0.2 | |||||||||||||||
94,000 | @ | Thoratec Corp. | 3,700,780 | 0.8 | |||||||||||||||
147,200 | @, L | Vivus, Inc. | 1,474,944 | 0.3 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Health Care: (continued) | |||||||||||||||||||
57,300 | @ | WellCare Health Plans, Inc. | $ | 4,257,390 | 0.9 | ||||||||||||||
80,048,238 | 16.7 | ||||||||||||||||||
Industrials: 13.8% | |||||||||||||||||||
111,416 | Actuant Corp. | 4,354,137 | 0.9 | ||||||||||||||||
25,700 | Acuity Brands, Inc. | 2,635,021 | 0.5 | ||||||||||||||||
51,500 | Clarcor, Inc. | 3,117,295 | 0.7 | ||||||||||||||||
45,037 | @ | Clean Harbors, Inc. | 2,376,603 | 0.5 | |||||||||||||||
34,400 | Corporate Executive Board Co. | 2,532,872 | 0.5 | ||||||||||||||||
85,700 | @ | EnPro Industries, Inc. | 4,850,620 | 1.0 | |||||||||||||||
6,000 | @ | Genesee & Wyoming, Inc. | 577,200 | 0.1 | |||||||||||||||
72,811 | Gorman-Rupp Co. | 3,063,159 | 0.6 | ||||||||||||||||
149,595 | Healthcare Services Group | 4,336,759 | 0.9 | ||||||||||||||||
115,207 | @ | HUB Group, Inc. | 4,335,239 | 0.9 | |||||||||||||||
107,400 | KAR Auction Services, Inc. | 2,963,166 | 0.6 | ||||||||||||||||
9,600 | Kforce, Inc. | 193,728 | 0.0 | ||||||||||||||||
283,500 | Knight Transportation, Inc. | 5,066,145 | 1.1 | ||||||||||||||||
47,200 | Regal-Beloit Corp. | 3,472,976 | 0.7 | ||||||||||||||||
117,400 | Simpson Manufacturing Co., Inc. | 4,261,620 | 0.9 | ||||||||||||||||
40,675 | @ | Teledyne Technologies, Inc. | 3,771,793 | 0.8 | |||||||||||||||
76,500 | Toro Co. | 4,720,815 | 1.0 | ||||||||||||||||
63,866 | Waste Connections, Inc. | 2,806,272 | 0.6 | ||||||||||||||||
57,700 | Watts Water Technologies, Inc. | 3,468,924 | 0.7 | ||||||||||||||||
84,700 | Woodward Governor Co. | 3,633,630 | 0.8 | ||||||||||||||||
66,537,974 | 13.8 | ||||||||||||||||||
Information Technology: 23.1% | |||||||||||||||||||
28,503 | @ | Ansys, Inc. | 2,441,852 | 0.5 | |||||||||||||||
265,600 | @ | Aruba Networks, Inc. | 4,738,304 | 1.0 | |||||||||||||||
173,700 | @ | Aspen Technology, Inc. | 6,866,361 | 1.4 | |||||||||||||||
136,309 | @ | Bankrate, Inc. | 2,554,431 | 0.5 | |||||||||||||||
104,126 | Blackbaud, Inc. | 3,766,237 | 0.8 | ||||||||||||||||
114,200 | @ | BroadSoft, Inc. | 3,034,294 | 0.6 | |||||||||||||||
115,463 | @ | Cardtronics, Inc. | 4,917,569 | 1.0 | |||||||||||||||
48,926 | Coherent, Inc. | 3,377,851 | 0.7 | ||||||||||||||||
146,607 | @ | CommScope Holding Co., Inc. | 2,358,907 | 0.5 | |||||||||||||||
67,600 | @ | Commvault Systems, Inc. | 5,059,860 | 1.1 | |||||||||||||||
86,200 | @ | DealerTrack Holdings, Inc. | 3,603,160 | 0.8 | |||||||||||||||
37,800 | @ | Exa Corp. | 521,262 | 0.1 | |||||||||||||||
52,003 | @ | Faro Technologies, Inc. | 2,836,244 | 0.6 | |||||||||||||||
65,600 | Flir Systems, Inc. | 1,946,352 | 0.4 | ||||||||||||||||
219,675 | @ | Formfactor, Inc. | 1,190,639 | 0.2 | |||||||||||||||
53,196 | @ | Guidewire Software, Inc. | 2,539,045 | 0.5 | |||||||||||||||
59,600 | @ | Imperva, Inc. | 2,680,808 | 0.6 | |||||||||||||||
369,100 | @ | Integrated Device Technology, Inc. | 3,661,472 | 0.8 | |||||||||||||||
101,400 | j2 Global, Inc. | 4,864,158 | 1.0 | ||||||||||||||||
47,700 | @, L | Liquidity Services, Inc. | 1,105,209 | 0.2 | |||||||||||||||
175,100 | @ | LivePerson, Inc. | 2,151,979 | 0.4 | |||||||||||||||
68,156 | @ | LogMeIn, Inc. | 2,351,382 | 0.5 | |||||||||||||||
70,100 | @ | Micros Systems, Inc. | 3,765,772 | 0.8 | |||||||||||||||
95,200 | MKS Instruments, Inc. | 2,834,104 | 0.6 | ||||||||||||||||
75,478 | Monolithic Power Systems, Inc. | 2,520,965 | 0.5 | ||||||||||||||||
100,094 | National Instruments Corp. | 3,128,938 | 0.7 | ||||||||||||||||
23,872 | @ | Plexus Corp. | 963,713 | 0.2 | |||||||||||||||
382,600 | @ | PMC — Sierra, Inc. | 2,295,600 | 0.5 | |||||||||||||||
183,600 | @ | Polycom, Inc. | 1,973,700 | 0.4 | |||||||||||||||
164,600 | @ | PTC, Inc. | 5,356,084 | 1.1 | |||||||||||||||
164,800 | @ | QLIK Technologies, Inc. | 4,133,184 | 0.9 | |||||||||||||||
126,400 | @ | Riverbed Technolgoy, Inc. | 2,186,720 | 0.5 | |||||||||||||||
27,600 | @ | SciQuest, Inc. | 771,696 | 0.2 | |||||||||||||||
101,662 | @ | Semtech Corp. | 3,021,395 | 0.6 | |||||||||||||||
30,696 | @ | SYKES Enterprises, Inc. | 679,609 | 0.1 | |||||||||||||||
105,000 | @ | Synchronoss Technologies, Inc. | 3,331,650 | 0.7 | |||||||||||||||
53,220 | @ | WEX, Inc. | 5,282,617 | 1.1 | |||||||||||||||
110,813,123 | 23.1 | ||||||||||||||||||
Materials: 4.3% | |||||||||||||||||||
118,700 | @ | Boise Cascade Co. | 3,045,842 | 0.6 | |||||||||||||||
190,766 | Commercial Metals Co. | 3,704,676 | 0.8 | ||||||||||||||||
14,000 | Compass Minerals International, Inc. | 1,001,700 | 0.2 | ||||||||||||||||
94,900 | HB Fuller Co. | 4,861,727 | 1.0 | ||||||||||||||||
419,800 | Hecla Mining Co. | 1,238,410 | 0.3 | ||||||||||||||||
52,774 | Minerals Technologies, Inc. | 3,134,775 | 0.6 | ||||||||||||||||
87,047 | Worthington Industries | 3,649,881 | 0.8 | ||||||||||||||||
20,637,011 | 4.3 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $360,157,573) | 448,728,536 | 93.5 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 2.0% | |||||||||||||||||||
72,903 | iShares Russell 2000 Growth Index Fund | 9,712,867 | 2.0 | ||||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $7,202,358) | 9,712,867 | 2.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $367,359,931) | 458,441,403 | 95.5 |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 8.3% | |||||||||||||||||||
Securities Lending Collateralcc(1): 4.0% | |||||||||||||||||||
4,571,534 | BNP Paribas Bank, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $4,571,564, collateralized by various U.S. Government Agency Obligations, 3.000%–5.000%, Market Value plus accrued interest $4,662,965, due 02/01/27–10/01/43) | 4,571,534 | 0.9 |
AS OF NOVEMBER 30, 2013 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateralcc(1): (continued) | |||||||||||||||||||
4,571,534 | Citigroup, Inc., Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $4,571,568, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.500%–8.000%, Market Value plus accrued interest $4,662,966, due 11/01/14–07/15/53) | $ | 4,571,534 | 1.0 | |||||||||||||||
4,571,534 | Deutsche Bank AG, Repurchase Agreement dated 11/29/13, 0.09%, due 12/02/13 (Repurchase Amount $4,571,568, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%–8.500%, Market Value plus accrued interest $4,662,965, due 04/24/14–11/20/43) | 4,571,534 | 0.9 | ||||||||||||||||
962,347 | JPMorgan Chase & Co., Repurchase Agreement dated 11/29/13, 0.07%, due 12/02/13 (Repurchase Amount $962,353, collateralized by various U.S. Government Securities, 0.625%–3.625%, Market Value plus accrued interest $981,597, due 01/15/25–02/15/43) | 962,347 | 0.2 | ||||||||||||||||
4,571,534 | Royal Bank of Canada, Repurchase Agreement dated 11/29/13, 0.08%, due 12/02/13 (Repurchase Amount $4,571,564, collateralized by various U.S. Government Agency Obligations, 0.000%–5.500%, Market Value plus accrued interest $4,662,967, due 01/31/14–10/01/43) | 4,571,534 | 1.0 | ||||||||||||||||
19,248,483 | 4.0 |
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mutual Funds: 4.3% | ||||||||||||||||||
20,737,137 | BlackRock Liquidity Funds, TempFund, Institutional Class, 0.070%†† | |||||||||||||||||
(Cost $20,737,137) | 20,737,137 | 4.3 | ||||||||||||||||
Total Short-Term Investments | ||||||||||||||||||
(Cost $39,985,620) | 39,985,620 | 8.3 | ||||||||||||||||
Total Investments in Securities (Cost $407,345,551) | $ | 498,427,023 | 103.8 | |||||||||||||||
Liabilities in Excess of Other Assets | (18,411,218 | ) | (3.8 | ) | ||||||||||||||
Net Assets | $ | 480,015,805 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. | |
†† | Rate shown is the 7-day yield as of November 30, 2013. | |
@ | Non-income producing security | |
cc | Securities purchased with cash collateral for securities loaned. | |
L | Loaned security, a portion or all of the security is on loan at November 30, 2013. | |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. | |
Cost for federal income tax purposes is $409,576,104. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 96,470,175 | ||||
Gross Unrealized Depreciation | (7,619,256 | ) | ||||
Net Unrealized Appreciation | $ | 88,850,919 |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-end Management Investment Companies.
Not required for Semi-annual filing.
Item 8. Purchases of Equity Securities by Closed-end Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 9. Submission of Matters to a Vote of Security Holders.
The Board has a Nominating Committee (“Committee”) for the purpose of considering and presenting to the Board candidates it proposes for nomination to fill Trustee vacancies on the Board. The Committee currently consists of four Trustees of the Board, none of whom are considered “interested persons” of the Trust within the meaning of Section 2(a)(19) of the Investment Company Act of 1940. The Committee has adopted a written charter that sets forth the policies and procedures of the Committee. The Committee will accept referrals for potential candidates from Board members, Fund shareholders, legal counsel to the disinterested Trustees or such other sources as the Committee deems appropriate. Shareholders can submit recommendations in writing to the attention of the Chairperson of the Committee at an address to be maintained by Fund management for this purpose. In order for the Committee to consider a potential candidate, the Committee initially must receive at least the following information regarding such person: (1) name; (2) date of birth; (3) education; (4) business, professional or other relevant experience and areas of expertise; (5) current business, professional or other relevant experience and areas of expertise; (6) current business and home addresses and contact information; (7) other board positions or prior experience; and (8) any knowledge and experience relating to investment companies and investment company governance.
Item 10. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. | |||
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 11. Exhibits.
(a)(1) | The Code of Ethics is not required for the semi-annual filing. | |||
(a)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT. | |||
(a)(3) | Not required for semi-annual filing. | |||
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
(Registrant): ING Equity Trust | ||||
By | /s/ Shaun P. Mathews | |||
Shaun P. Mathews | ||||
President and Chief Executive Officer |
By | /s/ Shaun P. Mathews | |||
Shaun P. Mathews | ||||
President and Chief Executive Officer |
By | /s/ Todd Modic | |||
Todd Modic | ||||
Senior Vice President and Chief Financial Officer |