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SECURITIES AND EXCHANGE COMMISSION
REGISTERED MANAGEMENT INVESTMENT COMPANIES
7337 E. Doubletree Ranch Rd., Scottsdale, AZ | 85258 | |
(Address of principal executive offices) | (Zip code) |
(Name and address of agent for service)
Date of fiscal year end: | October 31 | |||||||
Date of reporting period: | November 1, 2009 to October 31, 2010 |
Global Equity Funds | ||
n | ING Global Equity Dividend Fund | |
n | ING Global Natural Resources Fund | |
n | ING Global Real Estate Fund | |
n | ING Global Value Choice Fund |
International Equity Funds | ||
n | ING Asia-Pacific Real Estate Fund | |
n | ING Emerging Countries Fund | |
n | ING European Real Estate Fund | |
n | ING Global Opportunities Fund (formerly, ING Foreign Fund) | |
n | ING Greater China Fund | |
n | ING Index Plus International Equity Fund | |
n | ING International Capital Appreciation Fund | |
n | ING International Real Estate Fund | |
n | ING International SmallCap Multi-Manager Fund | |
n | ING International Value Fund | |
n | ING International Value Choice Fund | |
n | ING Russia Fund |
Global and International Fixed-Income Funds | ||
n | ING Global Bond Fund |
International Fund-of-Funds | ||
n | ING Diversified International Fund |
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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 | 2 | |||||
Market Perspective | 3 | |||||
Portfolio Managers’ Reports | 6 | |||||
Shareholder Expense Examples | 42 | |||||
Report of Independent Registered Public Accounting Firm | 46 | |||||
Statements of Assets and Liabilities | 47 | |||||
Statements of Operations | 57 | |||||
Statements of Changes in Net Assets | 62 | |||||
Financial Highlights | 71 | |||||
Notes to Financial Statements | 82 | |||||
Summary Portfolios of Investments | 111 | |||||
Tax Information | 174 | |||||
Shareholder Meeting Information | 176 | |||||
Trustee and Officer Information | 177 | |||||
Advisory Contract Approval Discussion | 182 |
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You will be notified by e-mail when these communications become available on the internet. Documents that are not available on the internet will continue to be sent by mail. |
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Diversification Still Works
Dear Shareholder,
The difficult markets of 2008–09 may have made some investors skeptical about the benefits of diversification. For a time, it did seem as if every asset was losing value and there was no safe place to hide. Today, however, as we approach the end of what is shaping up to be the second consecutive year of solid equity market returns, the value of diversification has been reestablished in the minds of most investors.
For some investors, however, it can be tempting to try to outsmart the markets, abandoning diversified positions to sidestep impending risks or to crowd into an area of strong returns. The problem with this approach is that it tends to be reactionary and ill-timed; investors generally buy in when prices are already high, leaving themselves overly exposed to risks of declines.
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/ing-shaunmathewssig.jpg)
President and Chief Executive Officer
ING Funds
November 5, 2010
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.
Index | Description | |||||
---|---|---|---|---|---|---|
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. | |||||
S&P/Case-Shiller 20-City Composite Home Price Index | A composite index of the home price index for the top 20 Metropolitan Statistical Areas in the United States. The index is published monthly by Standard & Poor’s. | |||||
Barclays Capital 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 Capital 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. | |||||
Barclays Capital U.S. Treasury Index | An unmanaged index that includes public obligations of the U.S. Treasury. Treasury bills, certain special issues, such as state and local government series bonds (SLGs), as well as U.S. Treasury TIPS and STRIPS, are excluded. | |||||
Barclays Capital 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. | |||||
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. | |||||
MSCI Japan® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | |||||
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 UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | |||||
S&P North American Natural Resources Sector Index | An unmanaged index and a market-capitalization weighted index of stocks designed to measure the performance of companies in the natural resources sector, which includes energy, precious metals, timber and other sub-sectors. Each sector index is a modified-capitalization weighted index, the constituents of which are selected according to objective screening criteria. The weight of a particular stock in each Sector Index is capped at a cap level determined on a sector-by-sector basis. | |||||
S&P Developed Property Index | An unmanaged float-adjusted index which defines and measure the investable universe of publicly traded property companies domiciled in developed countries that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. | |||||
MSCI All Country World IndexSM | A free-float adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. | |||||
S&P Asia-Pacific Property Index | An unmanaged float-adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed countries in the Asia Pacific region, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. It includes the reinvestment of dividends but is gross of withholding taxes on dividends and does not reflect fees, brokerage commissions or other expenses of investing. |
Index | Description | |||||
---|---|---|---|---|---|---|
MSCI Emerging Markets IndexSM | An unmanaged index that measures the performance of securities listed on exchanges in developing nations throughout the world. It includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | |||||
S&P Europe Property Index | An unmanaged float-adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed European countries, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. It includes the reinvestment of dividends but is gross of withholding taxes on dividends and does not reflect fees, brokerage commissions or other expenses of investing. | |||||
MSCI All Countries Golden Dragon Index | A broad-based, unmanaged index of common stocks traded in China, Hong Kong and Taiwan. It is an aggregate of the MSCI Hong Kong Index, the MSCI China Free Index and the MSCI Taiwan Index. | |||||
MSCI Europe, Australasia and Far East® (“MSCI EAFE”) Index | An unmanaged index that measures the performance of securities listed on exchanges in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | |||||
MSCI All Country World (ex-US) IndexSM | A free float-adjusted market capitalization index that is designed to measure equity market performance in global developed and emerging markets, excluding the U.S. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | |||||
S&P Developed ex-US Property Index | An unmanaged float-adjusted index which defines and measure the investable universe of publicly traded property companies domiciled in developed countries, outside of the United States, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. It includes the reinvestment of dividends but is gross of withholding taxes on dividends and does not reflect fees, brokerage commissions or other expenses of investing. | |||||
S&P Developed ex-US SmallCap Index | An unmanaged float-adjusted index which captures the bottom 15% of companies in the developed markets, based on the cumulative market capitalization of each country, excluding the United States, within the S&P Global Broad Market Index, which covers all publicly listed equities in 47 countries with a float-adjusted market capitalization of US$100 million or greater and a minimum annual trading liquidity of US$50 million. | |||||
S&P Euro-Pacific Asia Composite SmallCap Index | An unmanaged float-adjusted index which captures the bottom 15% of companies in the developed European and Pacific markets, based on the cumulative market capitalization of each country, within the S&P Global Broad Market Index, which covers all publicly listed equities in 47 countries with a float adjusted market capitalization of US$100 million or greater and a minimum annual trading liquidity of US $50 million. | |||||
Russia Trading System Index | A capitalization-weighted index that is calculated in U.S. dollars. The index tracks the performance of Russia’s most active stocks traded on the RTS. The index is operated by the National Association of Participants in the Securities Markets, a non-profit body. | |||||
MSCI Russia 10/40 Index | A free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the Russian market taking into account the Undertakings for Collective Investment in Transferable Securities (UCITS III) directive which constrains the weight of any single group entity, as defined therein, at 10%of a fund’s total assets and the sum of the weights of all group entities representing more than 5%of the fund at 40% of the fund’s total assets. |
ING GLOBAL EQUITY DIVIDEND FUND | PORTFOLIO MANAGERS’ REPORT |
Investment Type Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Common Stock | 94.2 | % | |||||
Real Estate Investment Trusts | 1.1 | % | |||||
Other Assets and Liabilities — Net* | 4.7 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Royal Dutch Shell PLC | 1.6 | % | |||||
Baxter International, Inc. | 1.6 | % | |||||
Gaz de France Suez | 1.5 | % | |||||
Total S.A. | 1.5 | % | |||||
Chevron Corp. | 1.5 | % | |||||
Pitney Bowes, Inc. | 1.5 | % | |||||
Sanofi-Aventis | 1.5 | % | |||||
Nintendo Co., Ltd. | 1.5 | % | |||||
Vivendi | 1.5 | % | |||||
ExxonMobil Corp. | 1.5 | % | |||||
* Excludes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL EQUITY DIVIDEND FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gedf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | Since Inception of Class A September 17, 2003 | Since Inception of Class B October 24, 2003 | Since Inception of Class C October 29, 2003 | Since Inception of Class I August 1, 2007 | Since Inception of Class O November 15, 2006 | Since Inception of Class W February 12, 2008 | |||||||||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||||||||||
Class A(1) | 6.04 | % | 0.29 | % | 5.39 | % | — | — | — | — | — | |||||||||||||||||||||||||
Class B(2) | 6.62 | % | 0.40 | % | — | 5.14 | % | — | — | — | — | |||||||||||||||||||||||||
Class C(3) | 10.66 | % | 0.74 | % | — | — | 4.96 | % | — | — | ||||||||||||||||||||||||||
Class I | 12.90 | % | — | — | — | — | (6.66 | )% | — | — | ||||||||||||||||||||||||||
Class O | 12.41 | % | — | — | — | — | — | (4.15 | )% | — | ||||||||||||||||||||||||||
Class W | 12.79 | % | — | — | — | — | — | — | (5.66 | )% | ||||||||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||||||||||
Class A | 12.46 | % | 1.49 | % | 6.27 | % | — | — | — | — | — | |||||||||||||||||||||||||
Class B | 11.62 | % | 0.71 | % | — | 5.14 | % | — | — | — | — | |||||||||||||||||||||||||
Class C | 11.66 | % | 0.74 | % | — | 4.96 | % | — | — | — | ||||||||||||||||||||||||||
Class I | 12.90 | % | — | — | — | — | (6.66 | )% | — | — | ||||||||||||||||||||||||||
Class O | 12.41 | % | — | — | — | — | (4.15 | )% | — | |||||||||||||||||||||||||||
Class W | 12.79 | % | — | — | — | — | — | — | (5.66 | )% | ||||||||||||||||||||||||||
MSCI World IndexSM(4) | 12.74 | % | 2.54 | % | 6.29 | %(5) | 5.50 | %(6) | 5.50 | %(6) | (5.31 | )% | (1.68 | )%(7) | (4.23 | )%(8) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI World IndexSM is a free float-adjusted market capitalization index that is designed to measure global developed market equity performance. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for the index is shown from October 1, 2003. |
(6) | Since inception performance for the index is shown from November 1, 2003. |
(7) | Since inception performance for the index is shown from November 1, 2006. |
(8) | Since inception performance for the index is shown from February 1, 2008. |
ING GLOBAL NATURAL RESOURCES FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
United States | 62.9 | % | |||||
Canada | 24.6 | % | |||||
Russia | 2.2 | % | |||||
Netherlands | 2.0 | % | |||||
China | 1.1 | % | |||||
United Kingdom | 1.1 | % | |||||
Bahamas | 0.8 | % | |||||
Brazil | 0.8 | % | |||||
Thailand | 0.8 | % | |||||
Australia | 0.7 | % | |||||
Japan | 0.6 | % | |||||
Other Assets and Liabilities — Net* | 2.4 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
ExxonMobil Corp. | 9.9 | % | |||||
Schlumberger Ltd. | 7.9 | % | |||||
ConocoPhillips | 7.0 | % | |||||
Chevron Corp. | 4.9 | % | |||||
Suncor Energy, Inc. | 4.6 | % | |||||
Barrick Gold Corp. | 3.5 | % | |||||
National Oilwell Varco, Inc. | 3.5 | % | |||||
Apache Corp. | 3.5 | % | |||||
Canadian Natural Resources Ltd. | 3.4 | % | |||||
Devon Energy Corp. | 2.6 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL NATURAL RESOURCES FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gnrf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I August 1, 2007 | Since Inception of Class W February 12, 2008 | ||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||
Class A(1) | 6.45 | % | 9.77 | % | 18.25 | % | — | |||||||||||||||||
Class I | 13.43 | % | — | — | (0.42 | )% | — | |||||||||||||||||
Class W | 13.17 | % | — | — | — | (2.90 | )% | |||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||
Class A | 12.99 | % | 11.08 | % | 18.96 | % | — | — | ||||||||||||||||
Class I | 13.43 | % | — | — | (0.42 | )% | — | |||||||||||||||||
Class W | 13.17 | % | — | — | — | (2.90 | )% | |||||||||||||||||
S&P 500® Index(2) | 16.52 | % | 1.73 | % | (0.02 | )% | (4.04 | )% | (3.21 | )%(4) | ||||||||||||||
S&P North American Natural Resources Sector Index(3) | 14.03 | % | 7.01 | % | 9.12 | % | (1.59 | )% | (2.61 | )%(4) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | The S&P 500® Index is an unmanaged index that measures the performance of securities of approximately 500 of the largest companies in the United States. |
(3) | The S&P North American Natural Resources Sector Index (formerly, the S&P GSSI Natural Resources Index) is an unmanaged index and a market-capitalization weighted index of stocks designed to measure the performance of companies in the natural resources sector, which includes energy, precious metals, timber and other sub-sectors. Each sector index is a modified-capitalization weighted index, the constituents of which are selected according to objective screening criteria. The weight of a particular stock in each Sector Index is capped at a cap level determined on a sector-by-sector basis. |
(4) | Since inception performance for the indices is shown from February 1, 2008. |
ING GLOBAL REAL ESTATE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
United States | 38.5 | % | |||||
Hong Kong | 13.7 | % | |||||
Japan | 11.9 | % | |||||
Australia | 11.0 | % | |||||
Singapore | 6.5 | % | |||||
France | 5.5 | % | |||||
United Kingdom | 5.4 | % | |||||
Canada | 2.8 | % | |||||
Sweden | 0.9 | % | |||||
Netherlands | 0.8 | % | |||||
Switzerland | 0.8 | % | |||||
Norway | 0.4 | % | |||||
Other Assets and Liabilities — Net* | 1.8 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I and securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Sun Hung Kai Properties Ltd. | 5.4 | % | |||||
Unibail | 4.4 | % | |||||
Westfield Group | 4.0 | % | |||||
Simon Property Group, Inc. | 3.8 | % | |||||
Mitsubishi Estate Co., Ltd. | 3.8 | % | |||||
Cheung Kong Holdings Ltd. | 3.3 | % | |||||
Vornado Realty Trust | 3.2 | % | |||||
Equity Residential | 2.8 | % | |||||
Macerich Co. | 2.7 | % | |||||
CapitaLand Ltd. | 2.5 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL REAL ESTATE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gref_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | Since Inception of Class A November 5, 2001 | Since Inception of Class B March 15, 2002 | Since Inception of Class C January 8, 2002 | Since Inception of Class I June 3, 2005 | Since Inception of Class O November 15, 2006 | Since Inception of Class W February 12, 2008 | |||||||||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||||||||||
Class A(1) | 13.29 | % | 3.17 | % | 11.42 | % | — | — | — | — | — | |||||||||||||||||||||||||
Class B(2) | 14.33 | % | 3.30 | % | — | 10.41 | % | — | — | — | — | |||||||||||||||||||||||||
Class C(3) | 18.33 | % | 3.63 | % | — | — | 10.60 | % | — | — | — | |||||||||||||||||||||||||
Class I | 20.65 | % | 4.78 | % | — | — | — | 5.57 | % | — | — | |||||||||||||||||||||||||
Class O | 20.19 | % | — | — | — | — | — | (3.16 | )% | — | ||||||||||||||||||||||||||
Class W | 20.52 | % | — | — | — | — | — | — | (2.11 | )% | ||||||||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||||||||||
Class A | 20.20 | % | 4.41 | % | 12.15 | % | — | — | — | — | — | |||||||||||||||||||||||||
Class B | 19.33 | % | 3.62 | % | — | 10.41 | % | — | — | — | — | |||||||||||||||||||||||||
Class C | 19.33 | % | 3.63 | % | — | — | 10.60 | % | — | — | — | |||||||||||||||||||||||||
Class I | 20.65 | % | 4.78 | % | — | — | — | 5.57 | % | — | — | |||||||||||||||||||||||||
Class O | 20.19 | % | — | — | — | — | — | (3.16 | )% | — | ||||||||||||||||||||||||||
Class W | 20.52 | % | — | — | — | — | — | — | (2.11 | )% | ||||||||||||||||||||||||||
S&P Developed Property Index(4) | 24.99 | % | 3.59 | % | 11.52 | %(5) | 11.27 | %(6) | 11.06 | %(7) | 4.62 | %(8) | (3.90 | )%(9) | (4.11 | )%(10) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The S&P Developed Property Index (formerly, the S&P/Citigroup BMI World Property Index) is an unmanaged float-adjusted index which defines and measure the investable universe of publicly traded property companies domiciled in developed countries that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. |
(5) | Since inception performance for index is shown from November 1, 2001. |
(6) | Since inception performance for index is shown from March 1, 2002. |
(7) | Since inception performance for index is shown from January 1, 2002. |
(8) | Since inception performance for index is shown from June 1, 2005. |
(9) | Since inception performance for index is shown from November 1, 2006. |
(10) | Since inception performance for index is shown from February 1, 2008. |
ING GLOBAL VALUE CHOICE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Nippon Telegraph & Telephone Corp. | 4.3 | % | |||||
Barrick Gold Corp. | 3.8 | % | |||||
Newmont Mining Corp. | 3.7 | % | |||||
Cameco Corp. | 3.0 | % | |||||
Newcrest Mining Ltd. | 3.0 | % | |||||
Tesoro Corp. | 2.8 | % | |||||
Thales S.A. | 2.4 | % | |||||
ERG S.p.A. | 2.0 | % | |||||
OAO Gazprom ADR | 2.0 | % | |||||
Lockheed Martin Corp. | 2.0 | % | |||||
* Excludes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL VALUE CHOICE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gvcf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I September 6, 2006 | Since Inception of Class W June 1, 2009 | ||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||
Class A(1) | 14.97 | % | 10.98 | % | 1.94 | % | — | — | ||||||||||||||||
Class B(2) | 16.07 | % | 11.23 | % | 1.83 | % | — | — | ||||||||||||||||
Class C(3) | 20.04 | % | 11.50 | % | 1.84 | % | — | — | ||||||||||||||||
Class I | 22.49 | % | — | — | 10.91 | % | — | |||||||||||||||||
Class W | 22.23 | % | — | 22.58 | % | |||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||
Class A | 21.97 | % | 12.30 | % | 2.54 | % | — | — | ||||||||||||||||
Class B | 21.07 | % | 11.49 | % | 1.83 | % | — | — | ||||||||||||||||
Class C | 21.04 | % | 11.50 | % | 1.84 | % | — | — | ||||||||||||||||
Class I | 22.49 | % | — | — | 10.91 | % | — | |||||||||||||||||
Class W | 22.23 | % | — | 22.58 | % | |||||||||||||||||||
MSCI ACWISM*(4) | 14.10 | % | 3.69 | % | 2.70 | % | (0.70 | )%(5) | 21.43 | % |
* | Prior to October 31, 2002, the index did not include the deduction of withholding taxes. |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI ACWISM is a free-float adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. |
(5) | Since inception performance for the index is shown from September 1, 2006. |
ING ASIA-PACIFIC REAL ESTATE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Hong Kong | 30.9 | % | |||||
Japan | 29.2 | % | |||||
Australia | 23.7 | % | |||||
Singapore | 15.1 | % | |||||
Other Assets and Liabilities — Net* | 1.1 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Sun Hung Kai Properties Ltd. | 9.2 | % | |||||
Westfield Group | 8.8 | % | |||||
Mitsubishi Estate Co., Ltd. | 8.2 | % | |||||
Cheung Kong Holdings Ltd. | 7.2 | % | |||||
Mitsui Fudosan Co., Ltd. | 6.1 | % | |||||
Hongkong Land Holdings Ltd. | 3.8 | % | |||||
Hang Lung Properties Ltd. | 3.6 | % | |||||
Stockland | 3.5 | % | |||||
Sumitomo Realty & Development Co., Ltd. | 3.2 | % | |||||
CapitaLand Ltd. | 3.0 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING ASIA-PACIFIC REAL ESTATE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512apref_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A, B, C, and I November 1, 2007 | |||||||||||
Including Sales Charge: | ||||||||||||
Class A(1) | 11.83 | % | (12.75 | )% | ||||||||
Class B(2) | 12.69 | % | (12.56 | )% | ||||||||
Class C(3) | 16.64 | % | (11.79 | )% | ||||||||
Class I | 18.95 | % | (10.91 | )% | ||||||||
Excluding Sales Charge: | ||||||||||||
Class A | 18.68 | % | (11.04 | )% | ||||||||
Class B | 17.69 | % | (11.78 | )% | ||||||||
Class C | 17.64 | % | (11.79 | )% | ||||||||
Class I | 18.95 | % | (10.91 | )% | ||||||||
S&P Asia-Pacific Property Index(4) | 17.12 | % | (10.87 | )% |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 3%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the since inception return. |
(4) | The S&P Asia-Pacific Property Index is an unmanaged float-adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed countries in the Asia Pacific region, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. |
ING EMERGING COUNTRIES FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Brazil | 16.1 | % | |||||
South Korea | 12.4 | % | |||||
China | 11.0 | % | |||||
Hong Kong | 8.0 | % | |||||
Taiwan | 7.4 | % | |||||
India | 7.2 | % | |||||
Russia | 5.3 | % | |||||
South Africa | 4.4 | % | |||||
Mexico | 3.9 | % | |||||
Emerging Markets | 3.1 | % | |||||
Indonesia | 2.5 | % | |||||
Thailand | 1.7 | % | |||||
Countries between 1.0%–1.6%(1) | 4.8 | % | |||||
Countries less than 1.0%(2) | 6.1 | % | |||||
Other Assets and Liabilities — Net* | 6.1 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to securities lending collateral. | |||||||
(1) Includes four countries, which each represents 1.0%–1.6% of net assets. | |||||||
(2) Includes ten countries, which each represents less than 1.0% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
iShares MSCI South Korea Index Fund | 3.8 | % | |||||
iShares MSCI Emerging Markets Index Fund | 3.1 | % | |||||
Samsung Electronics Co., Ltd. | 2.5 | % | |||||
HON HAI Precision Industry Co., Ltd. | 2.2 | % | |||||
iShares FTSE/Xinhua A50 CHINA Index ETF | 1.9 | % | |||||
America Movil SA de CV — Series L ADR | 1.9 | % | |||||
Petroleo Brasileiro S.A. | 1.8 | % | |||||
CNOOC Ltd. | 1.8 | % | |||||
Cia Vale do Rio Doce | 1.7 | % | |||||
Petroleo Brasileiro SA ADR | 1.7 | % | |||||
Portfolio holdings are subject to change daily. |
During the period the Fund was overweight energy, consumer discretionary and consumer staples, which we believe is the best way to play the domestic demand theme. The middle class population is growing rapidly in many emerging countries and, with real wages growing, is becoming an increasingly important driver of economic growth. We funded the overweight positions by underweighting defensive sectors such as health care, telecommunications and utilities.
* | Effective July 15, 2010, Guy Uding, Patrick den Besten and Eric Anderson replaced Jan-Wim Derks, Michael Bootsma and Roberto Lampl as portfolio managers to the Fund. |
PORTFOLIO MANAGERS’ REPORT | ING EMERGING COUNTRIES FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512ecf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I December 21, 2005 | Since Inception of Class W February 12, 2008 | ||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||
Class A(1) | 15.15 | % | 4.82 | % | 6.29 | % | — | — | ||||||||||||||||
Class B(2) | 16.24 | % | 4.92 | % | 6.20 | % | — | — | ||||||||||||||||
Class C(3) | 20.26 | % | 5.26 | % | 6.07 | % | — | — | ||||||||||||||||
Class I | 22.70 | % | — | — | 4.86 | % | ||||||||||||||||||
Class W | 22.57 | % | — | — | — | (4.92 | )% | |||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||
Class A | 22.17 | % | 6.07 | % | 6.93 | % | — | — | ||||||||||||||||
Class B | 21.24 | % | 5.25 | % | 6.20 | % | — | — | ||||||||||||||||
Class C | 21.26 | % | 5.26 | % | 6.07 | % | — | — | ||||||||||||||||
Class I | 22.70 | % | — | — | 4.86 | % | ||||||||||||||||||
Class W | 22.57 | % | — | — | — | (4.92 | )% | |||||||||||||||||
MSCI EM IndexSM(4) | 23.56 | % | 14.94 | % | 14.96 | % | 12.26 | %(5) | 3.00 | %(6) |
* | Prior to October 31, 2001, the MSCI EM IndexSM did not include the deduction of withholding taxes. |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI EM IndexSM is an unmanaged index that measures the performance of securities listed on exchanges in developing nations throughout the world. It includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for index is shown from January 1, 2006. |
(6) | Since inception performance for index is shown from February 1, 2008. |
ING EUROPEAN REAL ESTATE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
United Kingdom | 32.7 | % | |||||
France | 31.1 | % | |||||
Netherlands | 8.7 | % | |||||
Switzerland | 7.4 | % | |||||
Germany | 4.2 | % | |||||
Sweden | 3.3 | % | |||||
Austria | 3.2 | % | |||||
Belgium | 3.1 | % | |||||
Finland | 1.3 | % | |||||
Norway | 1.1 | % | |||||
Luxembourg | 1.0 | % | |||||
Italy | 0.4 | % | |||||
Other Assets and Liabilities — Net* | 2.5 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Unibail | 16.4 | % | |||||
Land Securities Group PLC | 7.4 | % | |||||
British Land Co. PLC | 6.8 | % | |||||
Corio NV | 5.0 | % | |||||
Swiss Prime Site AG | 4.5 | % | |||||
Hammerson PLC | 3.7 | % | |||||
Immofinanz Immobilien Anlagen AG | 3.2 | % | |||||
Derwent Valley Holdings PLC | 3.1 | % | |||||
PSP Swiss Property AG | 2.9 | % | |||||
Fonciere Des Regions | 2.9 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING EUROPEAN REAL ESTATE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512eref_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A, B, C, and I November 1, 2007 | |||||||||||
Including Sales Charge: | ||||||||||||
Class A(1) | 6.47 | % | (7.63 | )% | ||||||||
Class B(2) | 7.24 | % | (7.32 | )% | ||||||||
Class C(3) | 11.40 | % | (6.58 | )% | ||||||||
Class I | 13.41 | % | (5.53 | )% | ||||||||
Excluding Sales Charge: | ||||||||||||
Class A | 13.00 | % | (5.78 | )% | ||||||||
Class B | 12.24 | % | (6.50 | )% | ||||||||
Class C | 12.40 | % | (6.58 | )% | ||||||||
Class I | 13.41 | % | (5.53 | )% | ||||||||
S&P Europe Property Index(4) | 10.87 | % | (13.50 | )% |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 3%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the since inception return. |
(4) | The S&P Europe Property Index is an unmanaged float-adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed European countries, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. |
ING GLOBAL OPPORTUNITIES FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
United States | 44.9 | % | |||||
United Kingdom | 8.0 | % | |||||
China | 6.7 | % | |||||
Switzerland | 6.5 | % | |||||
Brazil | 4.9 | % | |||||
Japan | 4.0 | % | |||||
Hong Kong | 3.6 | % | |||||
France | 3.3 | % | |||||
Canada | 2.5 | % | |||||
Germany | 2.3 | % | |||||
Netherlands | 2.0 | % | |||||
South Korea | 1.7 | % | |||||
Countries between 0.9%–1.4%(1) | 4.3 | % | |||||
Countries less than 0.9%(2) | 4.3 | % | |||||
Other Assets and Liabilities — Net* | 1.0 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to securities lending collateral. | |||||||
(1) Includes four countries, which each represents 0.9%–1.4% of net assets. | |||||||
(2) Includes seven countries, which each represents less than 0.9% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Apple, Inc. | 2.5 | % | |||||
Citrix Systems, Inc. | 2.1 | % | |||||
SPDR S&P Biotech ETF | 2.0 | % | |||||
Citigroup, Inc. | 2.0 | % | |||||
Adobe Systems, Inc. | 1.9 | % | |||||
Monsanto Co. | 1.8 | % | |||||
HSBC Holdings PLC | 1.7 | % | |||||
BP PLC | 1.5 | % | |||||
SLC Agricola SA | 1.4 | % | |||||
Symantec Corp. | 1.4 | % | |||||
* Excludes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
* | Effective June 30, 2010, ING Investment Management Advisors B.V. replaced Artio Global Management LLC as the sub-adviser to the Fund. In addition, the Fund’s name, benchmark and principal investment strategies changed. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL OPPORTUNITIES FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gof_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | Since Inception of Class A July 1, 2003 | Since Inception of Class B July 8, 2003 | Since Inception of Class C July 7, 2003 | Since Inception of Class I September 8, 2003 | Since Inception of Class W February 12, 2008 | ||||||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||||||
Class A(1) | 3.23 | % | 1.07 | % | 6.47 | % | — | — | — | — | ||||||||||||||||||||||
Class B(2) | 3.74 | % | 1.14 | % | — | 6.14 | % | — | — | — | ||||||||||||||||||||||
Class C(3) | 7.74 | % | 1.50 | % | — | — | 6.19 | % | — | — | ||||||||||||||||||||||
Class I | 9.94 | % | 2.62 | % | — | — | — | 7.02 | % | — | ||||||||||||||||||||||
Class W | 9.87 | % | — | — | — | — | — | (8.62 | )% | |||||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||||||
Class A | 9.49 | % | 2.27 | % | 7.34 | % | — | — | — | — | ||||||||||||||||||||||
Class B | 8.74 | % | 1.49 | % | — | 6.14 | % | — | — | — | ||||||||||||||||||||||
Class C | 8.74 | % | 1.50 | % | — | — | 6.19 | % | — | — | ||||||||||||||||||||||
Class I | 9.94 | % | 2.62 | % | — | — | — | 7.02 | % | — | ||||||||||||||||||||||
Class W | 9.87 | % | — | — | — | — | — | (8.62 | )% | |||||||||||||||||||||||
MSCI ACWISM(4) | 14.10 | % | 3.69 | % | 7.80 | % | 7.80 | %(6) | 7.80 | %(6) | 7.32 | %(7) | (3.37 | )%(8) | ||||||||||||||||||
MSCI ACWI (ex-US)(5) | 12.62 | % | 5.74 | % | 11.27 | % | 11.27 | %(6) | 11.27 | %(6) | 10.69 | %(7) | (3.19 | )%(8) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI ACWISM is a free-float adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. |
(5) | The MSCI ACWI (ex-US) is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets, excluding the U.S. It includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(6) | Since inception performance for the index is shown from July 1, 2003. |
(7) | Since inception performance for the indices is shown from September 1, 2003. |
(8) | Since inception performance for the indices is shown from February 1, 2008. |
ING GREATER CHINA FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Hong Kong | 39.0 | % | |||||
China | 36.1 | % | |||||
Taiwan | 23.1 | % | |||||
Other Assets and Liabilities — Net | 1.8 | % | |||||
Net Assets | 100.0 | % | |||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
China Mobile Ltd. | 5.5 | % | |||||
Bank of China Ltd. | 5.5 | % | |||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.1 | % | |||||
BOC Hong Kong Holdings Ltd. | 2.7 | % | |||||
China Life Insurance Co., Ltd. | 2.7 | % | |||||
Chow Sang Sang Holdings International Ltd. | 2.6 | % | |||||
CNOOC Ltd. | 2.6 | % | |||||
HongKong Electric Holdings | 2.4 | % | |||||
Wharf Holdings Ltd. | 2.3 | % | |||||
Yanzhou Coal Mining Co., Ltd. | 2.2 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GREATER CHINA FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gcf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Class A December 21, 2005 | Since Inception of Class B January 6, 2006 | Since Inception of Class C January 11, 2006 | Since Inception of Class I May 8, 2006 | Since Inception of Class O June 4, 2008 | |||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||
Class A(1) | 9.80 | % | 14.20 | % | — | — | — | — | ||||||||||||||||||||
Class B(2) | 10.61 | % | — | 13.23 | % | — | — | — | ||||||||||||||||||||
Class C(3) | 14.64 | % | — | — | 13.39 | % | — | — | ||||||||||||||||||||
Class I | 16.97 | % | — | — | — | 11.07 | % | — | ||||||||||||||||||||
Class O | 16.49 | % | — | — | — | — | 2.81 | % | ||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||
Class A | 16.49 | % | 15.60 | % | — | — | — | — | ||||||||||||||||||||
Class B | 15.61 | % | — | 13.49 | % | — | — | — | ||||||||||||||||||||
Class C | 15.64 | % | — | — | 13.39 | % | — | — | ||||||||||||||||||||
Class I | 16.97 | % | — | — | — | 11.07 | % | — | ||||||||||||||||||||
Class O | 16.49 | % | — | — | — | — | 2.81 | % | ||||||||||||||||||||
MSCI All Countries Golden Dragon IndexSM(4) | 15.78 | % | 12.53 | %(5) | 12.53 | %(5) | 12.53 | %(5) | 9.71 | %(6) | 0.63 | %(7) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI All Countries Golden Dragon IndexSM is a broad-based, unmanaged index of common stocks traded in China, Hong Kong and Taiwan. It is an aggregate of the MSCI Hong Kong Index, the MSCI China Free Index and the MSCI Taiwan Index. |
(5) | Since inception performance for the index is shown from January 1, 2006. |
(6) | Since inception performance for the index is shown from May 1, 2006. |
(7) | Since inception performance for the index is shown from June 1, 2008. |
ING INDEX PLUS INTERNATIONAL EQUITY FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Japan | 20.1 | % | |||||
United Kingdom | 19.2 | % | |||||
Germany | 8.3 | % | |||||
Australia | 8.0 | % | |||||
France | 6.7 | % | |||||
Switzerland | 6.1 | % | |||||
Netherlands | 5.0 | % | |||||
Sweden | 4.5 | % | |||||
Spain | 3.7 | % | |||||
Italy | 3.2 | % | |||||
Hong Kong | 3.0 | % | |||||
Finland | 2.8 | % | |||||
Countries between 1.4%–1.5%(1) | 4.4 | % | |||||
Countries less than 1.4%(2) | 3.9 | % | |||||
Other Assets and Liabilities — Net* | 1.1 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
(1) Includes three countries, which each represents 1.4%–1.5% of net assets. | |||||||
(2) Includes eight countries, which each represents less than 1.4% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
HSBC Holdings PLC | 1.6 | % | |||||
iShares MSCI EAFE Index Fund | 1.4 | % | |||||
BP PLC | 1.4 | % | |||||
Nestle S.A. | 1.3 | % | |||||
Novartis AG | 1.3 | % | |||||
BHP Billiton Ltd. | 1.2 | % | |||||
Vodafone Group PLC | 1.1 | % | |||||
Siemens AG | 1.1 | % | |||||
BHP Billiton PLC | 1.1 | % | |||||
Total S.A. | 1.1 | % | |||||
Portfolio holdings are subject to change daily. |
* | Effective June 30, 2010, ING Investment Management Co. replaced ING Investment Management Advisors B.V. as the sub-adviser to the Fund. Effective September 28, 2010, Martin Jansen was removed as a portfolio manager to the Fund. |
PORTFOLIO MANAGERS’ REPORT | ING INDEX PLUS INTERNATIONAL EQUITY FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512ipief_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A and I December 21, 2005 | Since Inception of Classes B and C January 12, 2006 | Since Inception of Class O November 9, 2007 | |||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||
Class A(1) | 2.84 | % | (0.63 | )% | — | — | ||||||||||||||
Class B(2) | 3.30 | % | — | (1.22 | )% | — | ||||||||||||||
Class C(3) | 7.35 | % | — | (0.91 | )% | — | ||||||||||||||
Class I | 9.46 | % | 1.09 | % | — | — | ||||||||||||||
Class O | 9.10 | % | — | — | (8.67 | )% | ||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||
Class A | 9.17 | % | 0.58 | % | — | — | ||||||||||||||
Class B | 8.30 | % | — | (0.87 | )% | — | ||||||||||||||
Class C | 8.35 | % | — | (0.91 | )% | — | ||||||||||||||
Class I | 9.46 | % | 1.09 | % | — | — | ||||||||||||||
Class O | 9.10 | % | — | — | (8.67 | )% | ||||||||||||||
MSCI EAFE® Index(4) | 8.36 | % | 1.94 | %(5) | 1.94 | %(5) | (9.60 | )%(6) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI EAFE® Index is an unmanaged index that measures the performance of securities listed on exchanges in markets in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for the index is shown from January 1, 2006. |
(6) | Since inception performance for the index is shown from November 1, 2007. |
ING INTERNATIONAL CAPITAL APPRECIATION FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
United Kingdom | 14.9 | % | |||||
Japan | 10.6 | % | |||||
China | 8.4 | % | |||||
Switzerland | 8.3 | % | |||||
Germany | 7.3 | % | |||||
France | 6.8 | % | |||||
Brazil | 6.6 | % | |||||
Canada | 6.3 | % | |||||
Australia | 6.2 | % | |||||
Hong Kong | 5.6 | % | |||||
Denmark | 2.2 | % | |||||
Luxembourg | 1.9 | % | |||||
Countries between 1.5%–1.7%(1) | 6.4 | % | |||||
Countries less than 1.5%(2) | 8.0 | % | |||||
Other Assets and Liabilities — Net* | 0.5 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to securities lending collateral. | |||||||
(1) Includes four countries, which each represents 1.5%–1.7% of net assets. | |||||||
(2) Includes eight countries, which each represents less than 1.5% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Cameco Corp. | 2.1 | % | |||||
Fanuc Ltd. | 2.1 | % | |||||
Vale S.A. ADR | 2.1 | % | |||||
Autonomy Corp. PLC | 2.0 | % | |||||
BHP Billiton Ltd. | 1.9 | % | |||||
Millicom International Cellular S.A. | 1.9 | % | |||||
Rio Tinto Ltd. | 1.9 | % | |||||
Tencent Holdings Ltd. | 1.8 | % | |||||
Wacker Chemie AG | 1.8 | % | |||||
Agile Property Holdings Ltd. | 1.8 | % | |||||
* Excludes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL CAPITAL APPRECIATION FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512icaf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A and I December 21, 2005 | Since Inception of Class B January 9, 2006 | Since Inception of Class C January 24, 2006 | Since Inception of Class W August 7, 2009 | ||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||
Class A(1) | 5.22 | % | 0.93 | % | — | — | — | |||||||||||||||||
Class B(2) | 5.73 | % | — | 0.14 | % | — | — | |||||||||||||||||
Class C(3) | 9.80 | % | — | — | 0.80 | % | — | |||||||||||||||||
Class I | 12.11 | % | 2.53 | % | — | — | — | |||||||||||||||||
Class W* | 11.85 | % | — | — | — | 14.04 | % | |||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||
Class A | 11.63 | % | 2.17 | % | — | — | — | |||||||||||||||||
Class B | 10.73 | % | — | 0.53 | % | — | — | |||||||||||||||||
Class C | 10.80 | % | — | — | 0.80 | % | — | |||||||||||||||||
Class I | 12.11 | % | 2.53 | % | — | — | — | |||||||||||||||||
Class W* | 11.85 | % | — | — | — | 14.04 | % | |||||||||||||||||
MSCI ACWI (ex-US)(4) | 12.62 | % | 4.21 | %(5) | 4.21 | %(5) | 2.82 | %(6) | 16.68 | %(7) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI ACWI (ex-US) is a free float-adjusted market capitalization index that is designed to measure equity market performance in global developed and emerging markets, excluding the U.S. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for the index is shown from January 1, 2006. |
(6) | Since inception performance for the index is shown from February 1, 2006. |
(7) | Since inception performance for the index is shown from August 1, 2009. |
* | Performance from since inception through March 7, 2010, reflects that of Class Q shares. On March 8, 2010, Class Q shareholders of the Fund were converted to Class W shares. |
ING INTERNATIONAL REAL ESTATE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Hong Kong | 22.7 | % | |||||
Japan | 18.8 | % | |||||
Australia | 16.5 | % | |||||
United Kingdom | 10.5 | % | |||||
Singapore | 10.3 | % | |||||
France | 9.7 | % | |||||
Canada | 5.6 | % | |||||
Netherlands | 1.5 | % | |||||
Sweden | 1.2 | % | |||||
Switzerland: | 1.1 | % | |||||
Norway | 0.5 | % | |||||
Philippines | 0.3 | % | |||||
India | 0.1 | % | |||||
Other Assets and Liabilities — Net | 1.2 | % | |||||
Net Assets | 100.0 | % | |||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Sun Hung Kai Properties Ltd. | 7.8 | % | |||||
Mitsubishi Estate Co., Ltd. | 7.6 | % | |||||
Unibail | 6.6 | % | |||||
Westfield Group | 5.7 | % | |||||
Cheung Kong Holdings Ltd. | 5.5 | % | |||||
CapitaLand Ltd. | 4.2 | % | |||||
Land Securities Group PLC | 3.4 | % | |||||
Sumitomo Realty & Development Co., Ltd. | 2.9 | % | |||||
Mitsui Fudosan Co., Ltd. | 2.6 | % | |||||
Hongkong Land Holdings Ltd. | 2.6 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL REAL ESTATE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512iref_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A, B, C and I February 28, 2006 | Since Inception of Class W February 12, 2008 | ||||||||||||||
Including Sales Charge: | ||||||||||||||||
Class A(1) | 5.96 | % | (0.10 | )% | — | |||||||||||
Class B(2) | 6.74 | % | 0.08 | % | — | |||||||||||
Class C(3) | 10.65 | % | 0.41 | % | — | |||||||||||
Class I | 12.90 | % | 1.50 | % | — | |||||||||||
Class W | 12.80 | % | — | (4.90 | )% | |||||||||||
Excluding Sales Charge: | ||||||||||||||||
Class A | 12.46 | % | 1.17 | % | — | |||||||||||
Class B | 11.74 | % | 0.45 | % | — | |||||||||||
Class C | 11.65 | % | 0.41 | % | — | |||||||||||
Class I | 12.90 | % | 1.50 | % | — | |||||||||||
Class W | 12.80 | % | — | (4.90 | )% | |||||||||||
S&P Developed ex-US Property Index(4) | 16.38 | % | 0.80 | %(5) | (6.08 | )%(6) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The S&P Developed ex-US Property Index (formerly, the S&P/ Citigroup BMI World Property ex-US Index) is an unmanaged float-adjusted index which defines and measure the investable universe of publicly traded property companies domiciled in developed countries, outside of the United States, that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment. |
(5) | Since inception performance of the index is shown from March 1, 2006. |
(6) | Since inception performance of the index is shown from February 1, 2008. |
ING INTERNATIONAL SMALLCAP MULTI-MANAGER FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Japan | 17.2 | % | |||||
United Kingdom | 15.9 | % | |||||
Germany | 8.9 | % | |||||
Australia | 5.9 | % | |||||
Switzerland | 5.9 | % | |||||
France | 5.4 | % | |||||
Canada | 4.4 | % | |||||
Hong Kong | 4.0 | % | |||||
Netherlands | 3.5 | % | |||||
Singapore | 3.4 | % | |||||
Italy | 3.1 | % | |||||
South Korea | 2.3 | % | |||||
Countries between 1.4%–2.2%(1) | 10.0 | % | |||||
Countries less than 1.4%(2) | 8.2 | % | |||||
Other Assets and Liabilities — Net* | 1.9 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I and securities lending collateral. | |||||||
(1) Includes six countries, which each represents 1.4%–2.2% of net assets. | |||||||
(2) Includes twenty one countries, which each represents less than 1.4% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Valora Holding AG | 0.7 | % | |||||
Rheinmetall AG | 0.7 | % | |||||
Gategroup Holding AG | 0.7 | % | |||||
Fugro NV | 0.7 | % | |||||
Rubis | 0.7 | % | |||||
Ten Cate NV | 0.6 | % | |||||
CGI Group, Inc. — Class A | 0.6 | % | |||||
Rallye SA | 0.6 | % | |||||
Computershare Ltd. | 0.6 | % | |||||
Clariant AG | 0.6 | % | |||||
Portfolio holdings are subject to change daily. |
* | Prior to January 27, 2010, the Fund’s assets were managed by three sub-advisers — Acadian, Schroders and Batterymarch Financial Management, Inc. (”Batterymarch“). Effective January 27, 2010, Batterymarch is no longer a sub-adviser to the Fund and all assets of the Fund previously under Batterymarch’s management were re-allocated to Acadian. |
** | Effective June 30, 2010, Matthew J. Cohen is no longer a portfolio manager to the Fund. |
(1) | For purposes of these discussions, ”the fund“ refers to each Sub-Adviser’s respectively managed portion of ING International SmallCap Multi-Manager Fund. Batterymarch’s discussion is for the period of November 1, 2009 through January 27, 2010. |
(2) | Gross performance includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees of the Fund other expenses of investing. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL SMALLCAP |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512scmmf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I December 21, 2005 | Since Inception of Class O June 4, 2008 | Since Inception of Class W February 12, 2008 | |||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||
Class A(1) | 13.90 | % | 3.10 | % | 2.83 | % | — | — | — | |||||||||||||||||||
Class B(2) | 15.07 | % | 3.27 | % | 2.78 | % | — | — | — | |||||||||||||||||||
Class C(3) | 19.05 | % | 3.64 | % | 2.78 | % | — | — | — | |||||||||||||||||||
Class I | 21.45 | % | — | — | 3.20 | % | — | — | ||||||||||||||||||||
Class O | 20.95 | % | — | — | — | (7.32 | )% | — | ||||||||||||||||||||
Class W | 21.24 | % | — | — | — | — | (2.98 | )% | ||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||
Class A | 20.85 | % | 4.33 | % | 3.44 | % | — | — | — | |||||||||||||||||||
Class B | 20.07 | % | 3.62 | % | 2.78 | % | — | — | — | |||||||||||||||||||
Class C | 20.05 | % | 3.64 | % | 2.78 | % | — | — | — | |||||||||||||||||||
Class I | 21.45 | % | — | — | 3.20 | % | — | — | ||||||||||||||||||||
Class O | 20.95 | % | — | — | — | (7.32 | )% | — | ||||||||||||||||||||
Class W | 21.24 | % | — | — | — | — | (2.98 | )% | ||||||||||||||||||||
S&P Developed ex-US SmallCap Index(4) | 17.21 | % | 5.80 | % | 8.54 | % | 3.87% | (6) | (4.88 | )%(7) | (1.46 | )%(8) | ||||||||||||||||
S&P EPAC Smallcap Index(5) | 14.53 | % | 5.32 | % | 8.13 | % | 3.41 | %(6) | (5.55 | )%(7) | (2.03 | )%(8) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The S&P Developed ex-US SmallCap Index (formerly, the S&P/Citigroup EMI World ex-US Index) is an unmanaged float-adjusted index which captures the bottom 15% of companies in the developed markets, based on the cumulative market capitalization of each country, excluding the United States, within the S&P Global Broad Market Index, which covers all publicly listed equities in 47 countries with a float adjusted market capitalization of US $100 million or greater and a minimum annual trading liquidity of US $50 million. |
(5) | The S&P EPAC SmallCap Index (formerly, the S&P/Citigroup EMI EPAC Index) is an unmanaged float-adjusted index which captures the bottom 15% of companies in the developed European and Pacific markets, based on the cumulative market capitalization of each country, within the S&P Global Broad Market Index, which covers all publicly listed equities in 47 countries with a float adjusted market capitalization of US $100 million or greater and a minimum annual trading liquidity of US $50 million. |
(6) | Since inception performance for the indices is shown from January 1, 2006. |
(7) | Since inception performance for the indices is shown from June 1, 2008. |
(8) | Since inception performance for the indices is shown from February 1, 2008. |
ING INTERNATIONAL VALUE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Japan | 24.4 | % | |||||
France | 11.8 | % | |||||
United Kingdom | 11.0 | % | |||||
Netherlands | 7.3 | % | |||||
Germany | 6.3 | % | |||||
Switzerland | 6.1 | % | |||||
Brazil | 4.1 | % | |||||
China | 3.8 | % | |||||
Italy | 3.5 | % | |||||
Canada | 2.9 | % | |||||
Hong Kong | 2.4 | % | |||||
Malaysia | 2.0 | % | |||||
Countries between 1.1%–1.5%(1) | 6.1 | % | |||||
Countries less than 1.1%(2) | 6.4 | % | |||||
Other Assets and Liabilities — Net* | 1.9 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I and securities lending collateral. | |||||||
(1) Includes five countries, which each represents 1.1%–1.5% of net assets. | |||||||
(2) Includes ten countries, which each represents less than 1.1% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Carrefour S.A. | 2.4 | % | |||||
Tokio Marine Holdings, Inc. | 2.4 | % | |||||
Sanofi-Aventis | 2.1 | % | |||||
GlaxoSmithKline PLC | 2.1 | % | |||||
Telecom Italia S.p.A. RNC | 1.9 | % | |||||
Nippon Telegraph & Telephone Corp. | 1.8 | % | |||||
Deutsche Telekom AG | 1.7 | % | |||||
Royal Dutch Shell PLC — Class A | 1.7 | % | |||||
France Telecom S.A. | 1.7 | % | |||||
Total S.A. | 1.5 | % | |||||
* Excludes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
Portfolio holdings are subject to change daily. |
(1) | For purposes of these discussions, “the fund” refers to each Sub-Adviser’s respectively managed portion of ING International Value Fund. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL VALUE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512ivf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I June 18, 2001 | Since Inception of Class Q January 24, 2000 | Since Inception of Class W July 20, 2009 | |||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||
Class A(1) | (0.30 | )% | 1.29 | % | 4.13 | % | — | — | — | |||||||||||||||||||
Class B(2) | 0.07 | % | 1.55 | % | 4.03 | % | — | — | — | |||||||||||||||||||
Class C(3) | 4.07 | % | 1.81 | % | 4.04 | % | — | — | — | |||||||||||||||||||
Class I | 6.15 | % | 2.88 | % | — | 6.10 | % | — | — | |||||||||||||||||||
Class W | 6.04 | % | — | — | — | — | 11.51 | % | ||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||
Class A | 5.78 | % | 2.50 | % | 4.75 | % | — | — | — | |||||||||||||||||||
Class B | 5.07 | % | 1.79 | % | 4.03 | % | — | — | — | |||||||||||||||||||
Class C | 5.07 | % | 1.81 | % | 4.04 | % | — | — | — | |||||||||||||||||||
Class I | 6.15 | % | 2.88 | % | — | 6.10 | % | — | — | |||||||||||||||||||
Class W | 6.04 | % | — | — | — | — | 11.51 | % | ||||||||||||||||||||
MSCI EAFE® Index(4) | 8.36 | % | 3.31 | % | 3.17 | % | 5.20 | %(5) | 2.15 | %(6) | 13.49 | %(7) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI EAFE® Index is an unmanaged index that measures the performance of securities listed on exchanges in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for index is shown from July 1, 2001. |
(6) | Since inception performance for index is shown from February 1, 2000. |
(7) | Since inception performance for index is shown from August 1, 2009. |
ING INTERNATIONAL VALUE CHOICE FUND | PORTFOLIO MANAGERS’ REPORT |
Country Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Japan | 32.1 | % | |||||
Canada | 12.0 | % | |||||
France | 11.7 | % | |||||
United Kingdom | 7.4 | % | |||||
South Africa | 5.5 | % | |||||
South Korea | 4.8 | % | |||||
Netherlands | 4.2 | % | |||||
Italy | 3.4 | % | |||||
Germany | 3.2 | % | |||||
Australia | 3.1 | % | |||||
Brazil | 3.1 | % | |||||
Belgium | 2.0 | % | |||||
Finland | 2.0 | % | |||||
Countries less than 2.0%(1) | 3.7 | % | |||||
Other Assets and Liabilities — Net* | 1.8 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to ING Institutional Prime Money Market Fund — Class I. | |||||||
(1) Includes three countries, which each represents less than 2.0% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Barrick Gold Corp. | 3.5 | % | |||||
SK Telecom Co., Ltd. ADR | 3.1 | % | |||||
Nippon Telegraph & Telephone Corp. ADR | 2.9 | % | |||||
Sanofi-Aventis | 2.7 | % | |||||
Royal Dutch Shell PLC ADR — Class B | 2.6 | % | |||||
Coca-Cola West Holdings Co., Ltd. | 2.6 | % | |||||
Dai Nippon Printing Co., Ltd. | 2.5 | % | |||||
Anglogold Ashanti Ltd. ADR | 2.5 | % | |||||
Nexen, Inc. | 2.4 | % | |||||
Suncor Energy, Inc. | 2.3 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL VALUE CHOICE FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512ivcf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | Since Inception of Classes A and B February 1, 2005 | Since Inception of Class C February 4, 2005 | Since Inception of Class I December 21, 2005 | Since Inception of Class W June 1, 2009 | |||||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||||||
Class A(1) | 7.40 | % | 3.84 | % | 4.56 | % | — | — | — | |||||||||||||||||||
Class B(2) | 8.11 | % | 3.91 | % | 4.69 | % | — | — | — | |||||||||||||||||||
Class C(3) | 12.07 | % | 4.27 | % | — | 4.85 | % | — | — | |||||||||||||||||||
Class I | 14.26 | % | — | — | — | 4.35 | % | — | ||||||||||||||||||||
Class W | 14.27 | % | — | — | — | — | 14.07 | % | ||||||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||||||
Class A | 13.95 | % | 5.08 | % | 5.64 | % | — | — | — | |||||||||||||||||||
Class B | 13.11 | % | 4.25 | % | 4.83 | % | — | — | — | |||||||||||||||||||
Class C | 13.07 | % | 4.27 | % | — | 4.85 | % | — | — | |||||||||||||||||||
Class I | 14.26 | % | — | — | — | 4.35 | % | — | ||||||||||||||||||||
Class W | 14.27 | % | — | — | — | — | 14.07 | % | ||||||||||||||||||||
MSCI EAFE® Index(4) | 8.36 | % | 3.31 | % | 4.23 | % | 4.23 | %(5) | 1.94 | %(6) | 18.45 | % |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and 5 year returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI EAFE® Index is an unmanaged index that measures the performance of securities listed on exchanges in markets in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance for index is shown from February 1, 2005. |
(6) | Since inception performance for index is shown from January 1, 2006. |
ING RUSSIA FUND | PORTFOLIO MANAGERS’ REPORT |
Industry Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Energy | 30.0 | % | |||||
Materials | 22.1 | % | |||||
Financials | 14.2 | % | |||||
Utilities | 11.0 | % | |||||
Telecommunication Services | 8.8 | % | |||||
Consumer Staples | 4.9 | % | |||||
Industrials | 1.2 | % | |||||
Health Care | 1.1 | % | |||||
Consumer Discretionary | 0.9 | % | |||||
Hedge Fund | 0.4 | % | |||||
Other Assets and Liabilities — Net* | 5.4 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings* as of October 31, 2010 (as a percent of net assets) | |||||||
Sberbank of Russian Federation | 10.0 | % | |||||
Novatek OAO GDR | 7.0 | % | |||||
Lukoil-Spon ADR | 7.0 | % | |||||
OAO Gazprom | 5.6 | % | |||||
Mechel OAO ADR | 4.6 | % | |||||
MMC Norilsk Nickel ADR | 4.6 | % | |||||
Mobile Telesystems Finance SA ADR | 4.4 | % | |||||
Federal Hydrogenerating Co. JSC | 3.7 | % | |||||
Uralkali GDR | 3.3 | % | |||||
Surgutneftegaz ADR | 3.2 | % | |||||
* Excludes short-term investments related to securities lending collateral. | |||||||
Portfolio holdings are subject to change daily. |
* | Effective August 2, 2010, Jan-Wim Derks is no longer a portfolio manager to the Fund. |
PORTFOLIO MANAGERS’ REPORT | ING RUSSIA FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512rf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 5 Year | 10 Year | Since Inception of Class I September 30, 2009 | |||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||
Class A(1) | 16.57 | % | 12.62 | % | 23.96 | % | — | |||||||||||||
Class I | 24.04 | % | — | — | 27.00 | % | ||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||
Class A | 23.67 | % | 13.96 | % | 24.71 | % | — | |||||||||||||
Class I | 24.04 | % | — | — | 27.00 | % | ||||||||||||||
RTS Index(3) | 18.85 | % | 12.15 | % | 23.71 | % | 25.47 | %(5) | ||||||||||||
MSCI Russia 10/40 IndexSM(4) | 23.67 | % | — | — | 26.11 | %(5) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Redemptions on shares held less than 365 days are subject to a redemption fee of 2% of the redemption proceeds. |
(3) | The RTS Index is a capitalization-weighted index that is calculated in U.S. dollars. The index tracks the performance of Russia’s most active stocks traded on the RTS. The index is operated by the National Association of Participants in the Securities Markets, a non-profit body. |
(4) | The MSCI Russia 10/40 IndexSM is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the Russian market taking into account the Undertakings for Collective Investment in Transferable Securities (UCITS III) directive which constrains the weight of any single group entity, as defined therein, at 10% of a fund’s total assets and the sum of the weights of all group entities representing more than 5% of the fund at 40% of the fund’s total assets. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. Index commenced operations on May 31, 2006. |
(5) | Since inception performance for the indices is shown from October 1, 2009. |
ING GLOBAL BOND FUND | PORTFOLIO MANAGERS’ REPORT |
Investment Type Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
Foreign Government Bonds | 29.6 | % | |||||
Corporate Bonds/Notes | 26.6 | % | |||||
U.S. Treasury Obligations | 19.8 | % | |||||
Collateralized Mortgage Obligations | 11.7 | % | |||||
Asset-Backed Securities | 6.3 | % | |||||
U.S. Government Agency Obligations | 4.0 | % | |||||
Commercial Paper | 1.9 | % | |||||
Affiliated Mutual Fund | 0.7 | % | |||||
Municipal Bonds | 0.4 | % | |||||
Purchased Options | 0.3 | % | |||||
Other Assets and Liabilities — Net | (1.3 | )% | |||||
Net Assets | 100.0 | % | |||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
Brazil Notas do Tesouro Nacional Series F, 10.000%, due 01/01/14 | 8.5 | % | |||||
U.S. Treasury Note, 1.250%, due 09/30/15 | 5.2 | % | |||||
U.S. Treasury Note, 4.375%, due 05/15/40 | 4.6 | % | |||||
Bundesrepublik Deutschland, 3.750%, due 01/04/19 | 3.8 | % | |||||
Korea Treasury Bond, 4.750%, due 12/10/11 | 3.8 | % | |||||
Federal National Mortgage Association, 4.500%, due 12/15/35 | 3.6 | % | |||||
U.S. Treasury Note, 2.625%, due 08/15/20 | 3.4 | % | |||||
Mexican Cetes, 4.600%, due 09/22/11 | 2.5 | % | |||||
MBNA Credit Card Master Note Trust, 5.600%, due 07/17/14 | 2.1 | % | |||||
U.S. Treasury Note, 2.500%, due 04/30/15 | 1.9 | % | |||||
Portfolio holdings are subject to change daily. |
(1) | For fixed income asset classes, excess return is defined as the return of an asset class over a U.S. Treasury security of comparable duration. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL BOND FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512gbf_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A, B, C and I June 30, 2006 | Since Inception of Class O June 4, 2008 | Since Inception of Class W June 1, 2009 | |||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||
Class A(1) | 4.50 | % | 9.43 | % | — | — | ||||||||||||||
Class B(2) | 1.22 | % | 9.47 | % | — | — | ||||||||||||||
Class C(3) | 5.23 | % | 9.84 | % | — | — | ||||||||||||||
Class I | 7.44 | % | 11.12 | % | — | — | ||||||||||||||
Class O | �� | 7.17 | % | — | 10.88 | % | — | |||||||||||||
Class W | 7.45 | % | — | — | 12.92 | % | ||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||
Class A | 7.14 | % | 10.67 | % | — | — | ||||||||||||||
Class B | 6.22 | % | 9.81 | % | — | — | ||||||||||||||
Class C | 6.23 | % | 9.84 | % | — | — | ||||||||||||||
Class I | 7.44 | % | 11.12 | % | — | — | ||||||||||||||
Class O | 7.17 | % | — | 10.88 | % | — | ||||||||||||||
Class W | 7.45 | % | — | — | 12.92 | % | ||||||||||||||
Barclays Capital Global Aggregate Bond Index(4) | 6.89 | % | 7.81 | %(5) | 6.84 | %(6) | 10.07 | % |
(1) | Effective July 31, 2006, the maximum Class A sales charge was lowered to 2.50% Return calculations with a starting date prior to July 31, 2006 are based on a 4.75% sales charge, while returns with a starting date on or after July 31, 2006 are based on a 2.50% sales charge. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The Barclays Capital Global Aggregate Bond Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. |
(5) | Since inception performance for the index is shown from July 1, 2006. |
(6) | Since inception performance for the index is shown from June 1, 2008. |
ING DIVERSIFIED INTERNATIONAL FUND | PORTFOLIO MANAGERS’ REPORT |
Asset Allocation as of October 31, 2010 (as a percent of net assets) | |||||||
ING International Capital Appreciation Fund — Class I | 26.6 | % | |||||
ING Index Plus International Equity Fund — Class I | 24.5 | % | |||||
ING Emerging Countries Fund — Class I | 19.0 | % | |||||
ING International SmallCap Multi-Manager Fund — Class I | 10.2 | % | |||||
ING International Value Fund — Class I | 7.4 | % | |||||
ING International Value Choice Fund — Class I | 7.3 | % | |||||
ING International Real Estate Fund — Class I | 5.2 | % | |||||
Other Assets and Liabilities — Net | (0.2 | )% | |||||
Net Assets | 100.0 | % | |||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of October 31, 2010 (as a percent of net assets) | |||||||
ING International Capital Appreciation Fund — Class I | 26.6 | % | |||||
ING Index Plus International Equity Fund — Class I | 24.5 | % | |||||
ING Emerging Countries Fund — Class I | 19.0 | % | |||||
ING International SmallCap Multi-Manager Fund — Class I | 10.2 | % | |||||
ING International Value Fund — Class I | 7.4 | % | |||||
ING International Value Choice Fund — Class I | 7.3 | % | |||||
ING International Real Estate Fund — Class I | 5.2 | % | |||||
Portfolio holdings are subject to change daily. |
sectors.
(1) | The members of the Asset Allocation Committee are: William A. Evans, Paul Zemsky and Heather Hackett. |
PORTFOLIO MANAGERS’ REPORT | ING DIVERSIFIED INTERNATIONAL FUND |
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/d27512dif_line.jpg)
Average Annual Total Returns for the Periods Ended October 31, 2010 | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | Since Inception of Classes A, B, C and I December 21, 2005 | Since Inception of Class O June 4, 2008 | Since Inception of Class R December 12, 2006 | Since Inception of Class W February 12, 2008 | ||||||||||||||||||||
Including Sales Charge: | ||||||||||||||||||||||||
Class A(1) | 7.23 | % | 0.68 | % | — | — | — | |||||||||||||||||
Class B(2) | 7.78 | % | 0.80 | % | — | — | — | |||||||||||||||||
Class C(3) | 11.88 | % | 1.16 | % | — | — | — | |||||||||||||||||
Class I | 13.98 | % | 2.12 | % | — | — | — | |||||||||||||||||
Class O | 13.81 | % | — | (7.89 | )% | — | — | |||||||||||||||||
Class R | 13.40 | % | — | (3.08 | )% | |||||||||||||||||||
Class W | 14.07 | % | — | — | — | (4.58 | )% | |||||||||||||||||
Excluding Sales Charge: | ||||||||||||||||||||||||
Class A | 13.71 | % | 1.91 | % | — | — | — | |||||||||||||||||
Class B | 12.78 | % | 1.17 | % | — | — | — | |||||||||||||||||
Class C | 12.88 | % | 1.16 | % | — | — | — | |||||||||||||||||
Class I | 13.98 | % | 2.12 | % | — | — | — | |||||||||||||||||
Class O | 13.81 | % | — | (7.89 | )% | — | — | |||||||||||||||||
Class R | 13.40 | % | — | — | (3.08 | )% | — | |||||||||||||||||
Class W | 14.07 | % | — | — | — | (4.58 | )% | |||||||||||||||||
MSCI ACWI ex-US(4) | 12.62 | % | 4.21 | %(5) | (18.42 | )%(6) | (0.16 | )%(7) | (3.19 | )%(8) |
(1) | Reflects deduction of the maximum Class A sales charge of 5.75%. |
(2) | Reflects deduction of the Class B deferred sales charge of 5% and 2%, respectively, for the 1 year and since inception returns. |
(3) | Reflects deduction of the Class C deferred sales charge of 1% for the 1 year return. |
(4) | The MSCI ACWI (ex-US) measures the returns of equities of companies which are domiciled outside the U.S. It includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. |
(5) | Since inception performance of the index is shown from January 1, 2006. |
(6) | Since inception performance of the index is shown from June 1, 2008. |
(7) | Since inception performance of the index is shown from December 1, 2006. |
(8) | Since inception performance of the index is shown from February 1, 2008. |
Actual Fund Return | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | ||||||||||||||||||||||||||||
ING Global Equity Dividend Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,035.30 | 1.40 | % | $ | 7.18 | $ | 1,000.00 | $ | 1,018.15 | 1.40 | % | $ | 7.12 | |||||||||||||||||||
Class B | 1,000.00 | 1,030.20 | 2.15 | 11.00 | 1,000.00 | 1,014.37 | 2.15 | 10.92 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,031.30 | 2.15 | 11.01 | 1,000.00 | 1,014.37 | 2.15 | 10.92 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,037.20 | 1.01 | 5.19 | 1,000.00 | 1,020.11 | 1.01 | 5.14 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,034.40 | 1.40 | 7.18 | 1,000.00 | 1,018.15 | 1.40 | 7.12 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,036.20 | 1.15 | 5.90 | 1,000.00 | 1,019.41 | 1.15 | 5.85 | |||||||||||||||||||||||||||
ING Global Natural Resources Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,004.60 | 1.53 | 7.73 | 1,000.00 | 1,017.49 | 1.53 | 7.78 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,006.80 | 1.11 | 5.61 | 1,000.00 | 1,019.61 | 1.11 | 5.65 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,005.40 | 1.28 | 6.47 | 1,000.00 | 1,018.75 | 1.28 | 6.51 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year. |
Actual Fund Return | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | ||||||||||||||||||||||||||||
ING Global Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,078.30 | 1.39 | % | $ | 7.28 | $ | 1,000.00 | $ | 1,018.20 | 1.39 | % | $ | 7.07 | |||||||||||||||||||
Class B | 1,000.00 | 1,074.20 | 2.14 | 11.19 | 1,000.00 | 1,014.42 | 2.14 | 10.87 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,073.80 | 2.14 | 11.19 | 1,000.00 | 1,014.42 | 2.14 | 10.87 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,080.60 | 0.99 | 5.19 | 1,000.00 | 1,020.21 | 0.99 | 5.04 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,078.30 | 1.39 | 7.28 | 1,000.00 | 1,018.20 | 1.39 | 7.07 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,079.50 | 1.14 | 5.98 | 1,000.00 | 1,019.46 | 1.14 | 5.80 | |||||||||||||||||||||||||||
ING Global Value Choice Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,072.80 | 1.49 | 7.78 | 1,000.00 | 1,017.69 | 1.49 | 7.58 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,068.60 | 2.24 | 11.68 | 1,000.00 | 1,013.91 | 2.24 | 11.37 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,068.70 | 2.24 | 11.68 | 1,000.00 | 1,013.91 | 2.24 | 11.37 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,074.90 | 1.11 | 5.81 | 1,000.00 | 1,019.61 | 1.11 | 5.65 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,074.00 | 1.24 | 6.48 | 1,000.00 | 1,018.95 | 1.24 | 6.31 | |||||||||||||||||||||||||||
ING Asia-Pacific Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,136.10 | 1.76 | 9.48 | 1,000.00 | 1,016.33 | 1.76 | 8.94 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,130.60 | 2.51 | 13.48 | 1,000.00 | 1,012.55 | 2.51 | 12.73 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,131.60 | 2.51 | 13.49 | 1,000.00 | 1,012.55 | 2.51 | 12.73 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,136.50 | 1.45 | 7.81 | 1,000.00 | 1,017.90 | 1.45 | 7.37 | |||||||||||||||||||||||||||
ING Emerging Countries Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,088.60 | 1.91 | 10.06 | 1,000.00 | 1,015.58 | 1.91 | 9.70 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,084.30 | 2.66 | 13.97 | 1,000.00 | 1,011.80 | 2.66 | 13.49 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,084.50 | 2.66 | 13.98 | 1,000.00 | 1,011.80 | 2.66 | 13.49 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,090.90 | 1.47 | 7.75 | 1,000.00 | 1,017.80 | 1.47 | 7.48 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,090.50 | 1.66 | 8.75 | 1,000.00 | 1,016.84 | 1.66 | 8.44 | |||||||||||||||||||||||||||
ING European Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,186.80 | 1.76 | 9.70 | 1,000.00 | 1,016.33 | 1.76 | 8.94 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,181.70 | 2.51 | 13.80 | 1,000.00 | 1,012.55 | 2.51 | 12.73 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,183.90 | 2.51 | 13.82 | 1,000.00 | 1,012.55 | 2.51 | 12.73 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,188.20 | 1.43 | 7.89 | 1,000.00 | 1,018.00 | 1.43 | 7.27 | |||||||||||||||||||||||||||
ING Global Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,047.70 | 1.63 | 8.41 | 1,000.00 | 1,016.99 | 1.63 | 8.29 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,044.30 | 2.38 | 12.26 | 1,000.00 | 1,013.21 | 2.38 | 12.08 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,044.30 | 2.38 | 12.26 | 1,000.00 | 1,013.21 | 2.38 | 12.08 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,049.60 | 1.31 | 6.77 | 1,000.00 | 1,018.60 | 1.31 | 6.67 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,049.20 | 1.38 | 7.13 | 1,000.00 | 1,018.25 | 1.38 | 7.02 | |||||||||||||||||||||||||||
ING Greater China Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,135.00 | 2.14 | 11.52 | 1,000.00 | 1,014.42 | 2.14 | 10.87 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,129.90 | 2.89 | 15.52 | 1,000.00 | 1,010.64 | 2.89 | 14.65 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,130.60 | 2.89 | 15.52 | 1,000.00 | 1,010.64 | 2.89 | 14.65 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,136.90 | 1.71 | 9.21 | 1,000.00 | 1,016.59 | 1.71 | 8.69 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,134.60 | 2.14 | 11.51 | 1,000.00 | 1,014.42 | 2.14 | 10.87 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year. |
Actual Fund Return | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | ||||||||||||||||||||||||||||
ING Index Plus International Equity Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,058.20 | 1.15 | % | $ | 5.97 | $ | 1,000.00 | $ | 1,019.41 | 1.15 | % | $ | 5.85 | |||||||||||||||||||
Class B | 1,000.00 | 1,052.90 | 1.90 | 9.83 | 1,000.00 | 1,015.63 | 1.90 | 9.65 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,053.30 | 1.90 | 9.83 | 1,000.00 | 1,015.63 | 1.90 | 9.65 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,059.40 | 0.77 | 4.00 | 1,000.00 | 1,021.32 | 0.77 | 3.92 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,057.30 | 1.15 | 5.96 | 1,000.00 | 1,019.41 | 1.15 | 5.85 | |||||||||||||||||||||||||||
ING International Capital Appreciation Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,047.80 | 1.46 | 7.54 | 1,000.00 | 1,017.85 | 1.46 | 7.43 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,043.20 | 2.21 | 11.38 | 1,000.00 | 1,014.06 | 2.21 | 11.22 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,044.10 | 2.21 | 11.39 | 1,000.00 | 1,014.06 | 2.21 | 11.22 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,049.90 | �� | 0.92 | 4.75 | 1,000.00 | 1,020.57 | 0.92 | 4.69 | ||||||||||||||||||||||||||
Class W | 1,000.00 | 1,048.80 | 1.22 | 6.30 | 1,000.00 | 1,019.06 | 1.22 | 6.21 | |||||||||||||||||||||||||||
ING International Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,114.60 | 1.50 | 7.99 | 1,000.00 | 1,017.64 | 1.50 | 7.63 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,111.90 | 2.25 | 11.98 | 1,000.00 | 1,013.86 | 2.25 | 11.42 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,110.80 | 2.25 | 11.97 | 1,000.00 | 1,013.86 | 2.25 | 11.42 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,117.40 | 1.17 | 6.24 | 1,000.00 | 1,019.31 | 1.17 | 5.96 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,116.70 | 1.25 | 6.67 | 1,000.00 | 1,018.90 | 1.25 | 6.36 | |||||||||||||||||||||||||||
ING International SmallCap Multi-Manager Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,085.40 | 1.72 | 9.04 | 1,000.00 | 1,016.53 | 1.72 | 8.74 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,081.80 | 2.37 | 12.44 | 1,000.00 | 1,013.26 | 2.37 | 12.03 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,081.70 | 2.37 | 12.44 | 1,000.00 | 1,013.26 | 2.37 | 12.03 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,088.00 | 1.22 | 6.42 | 1,000.00 | 1,019.06 | 1.22 | 6.21 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,085.70 | 1.62 | 8.52 | 1,000.00 | 1,017.04 | 1.62 | 8.24 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,086.80 | 1.37 | 7.21 | 1,000.00 | 1,018.30 | 1.37 | 6.97 | |||||||||||||||||||||||||||
ING International Value Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,035.10 | 1.62 | 8.31 | 1,000.00 | 1,017.04 | 1.62 | 8.24 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,031.90 | 2.32 | 11.88 | 1,000.00 | 1,013.51 | 2.32 | 11.77 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,030.70 | 2.26 | 11.57 | 1,000.00 | 1,013.81 | 2.26 | 11.47 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,037.00 | 1.27 | 6.52 | 1,000.00 | 1,018.80 | 1.27 | 6.46 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,036.10 | 1.32 | 6.77 | 1,000.00 | 1,018.55 | 1.32 | 6.72 | |||||||||||||||||||||||||||
ING International Value Choice Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,057.90 | 1.70 | 8.82 | 1,000.00 | 1,016.64 | 1.70 | 8.64 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,053.80 | 2.45 | 12.68 | 1,000.00 | 1,012.85 | 2.45 | 12.43 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,052.60 | 2.45 | 12.68 | 1,000.00 | 1,012.85 | 2.45 | 12.43 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,058.90 | 1.35 | 7.01 | 1,000.00 | 1,018.40 | 1.35 | 6.87 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,058.90 | 1.45 | 7.52 | 1,000.00 | 1,017.90 | 1.45 | 7.37 | |||||||||||||||||||||||||||
ING Russia Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,021.00 | 2.15 | 10.95 | 1,000.00 | 1,014.37 | 2.15 | 10.92 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,022.90 | 1.73 | 8.82 | 1,000.00 | 1,016.48 | 1.73 | 8.79 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year. |
Actual Fund Return | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio | Expenses Paid During the Period Ended October 31, 2010* | ||||||||||||||||||||||||||||
ING Global Bond Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,063.50 | 0.90 | % | $ | 4.68 | $ | 1,000.00 | $ | 1,020.67 | 0.90 | % | $ | 4.58 | |||||||||||||||||||
Class B | 1,000.00 | 1,059.20 | 1.65 | 8.56 | 1,000.00 | 1,016.89 | 1.65 | 8.39 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,059.10 | 1.65 | 8.56 | 1,000.00 | 1,016.89 | 1.65 | 8.39 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,064.70 | 0.55 | 2.86 | 1,000.00 | 1,022.43 | 0.55 | 2.80 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,062.70 | 0.90 | 4.68 | 1,000.00 | 1,020.67 | 0.90 | 4.58 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,065.00 | 0.65 | 3.38 | 1,000.00 | 1,021.93 | 0.65 | 3.31 | |||||||||||||||||||||||||||
ING Diversified International Fund*** | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,066.30 | 0.39 | 2.03 | 1,000.00 | 1,023.24 | 0.39 | 1.99 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,061.90 | 1.14 | 5.92 | 1,000.00 | 1,019.46 | 1.14 | 5.80 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,063.10 | 1.14 | 5.93 | 1,000.00 | 1,019.46 | 1.14 | 5.80 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,068.70 | 0.14 | 0.73 | 1,000.00 | 1,024.50 | 0.14 | 0.71 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,066.70 | 0.33 | 1.72 | 1,000.00 | 1,023.54 | 0.33 | 1.68 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,064.70 | 0.64 | 3.33 | 1,000.00 | 1,021.98 | 0.64 | 3.26 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,067.70 | 0.07 | 0.36 | 1,000.00 | 1,024.85 | 0.07 | 0.36 |
Actual Fund Return | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio (adjusted for contractual changes) | Expenses Paid During the Six Months Ended October 31, 2010** | Beginning Account Value May 1, 2010 | Ending Account Value October 31, 2010 | Annualized Expense Ratio (adjusted for contractual changes) | Expenses Paid During the Six Months Ended 10/31/2010** | ||||||||||||||||||||||||||||
ING Global Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,047.70 | 1.50 | % | $ | 7.74 | $ | 1,000.00 | $ | 1,017.64 | 1.50 | % | $ | 7.63 | |||||||||||||||||||
Class B | 1,000.00 | 1,044.30 | 2.25 | 11.59 | 1,000.00 | 1,013.86 | 2.25 | 11.42 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,044.30 | 2.25 | 11.59 | 1,000.00 | 1,013.86 | 2.25 | 11.42 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,049.60 | 1.15 | 5.94 | 1,000.00 | 1,019.41 | 1.15 | 5.85 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,049.20 | 1.25 | 6.46 | 1,000.00 | 1,018.90 | 1.25 | 6.36 |
* | Expenses are equal to each Fund’s respective annualized expense ratios multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year. |
** | Expenses are equal to each Fund’s respective annualized expense ratios, adjusted for contractual changes, multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year. |
*** | The annualized expense ratios do not include expenses of underlying funds. |
ING Mutual Funds and ING Mayflower Trust
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/kpmgllp1.jpg)
December 21, 2010
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Real Estate Fund | ING Global Value Choice Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 140,351,186 | $ | 102,391,061 | $ | 2,819,433,421 | $ | 432,603,943 | ||||||||||
Investments in affiliates** | — | �� | — | 26,309,446 | — | |||||||||||||
Short-term investments at value*** | 11,596,387 | — | 19,216,363 | 9,148,700 | ||||||||||||||
Short-term investments in affiliates**** | — | 2,396,000 | 65,007,799 | 65,272,197 | ||||||||||||||
Cash | 6,404,373 | 1,289 | — | — | ||||||||||||||
Foreign currencies at value***** | 523,377 | 24,651 | 605,194 | — | ||||||||||||||
Receivables: | ||||||||||||||||||
Investment securities sold | 1,677,379 | 466,286 | 16,741,807 | 3,677,578 | ||||||||||||||
Fund shares sold | 245,011 | 196,945 | 17,254,126 | 9,644,153 | ||||||||||||||
Dividends and interest | 382,700 | 111,068 | 5,049,946 | 1,133,807 | ||||||||||||||
Prepaid expenses | 29,116 | 12,409 | 88,534 | 27,717 | ||||||||||||||
Total assets | 161,209,529 | 105,599,709 | 2,969,706,636 | 521,508,095 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 1,741,387 | 404,797 | 44,345,533 | 16,180,628 | ||||||||||||||
Payable for fund shares redeemed | 260,087 | 56,360 | 4,844,525 | 1,091,307 | ||||||||||||||
Payable upon receipt of securities loaned | 11,621,167 | — | 19,765,427 | 9,206,254 | ||||||||||||||
Payable to affiliates | 151,712 | 106,487 | 2,418,088 | 532,462 | ||||||||||||||
Payable for directors fees | 1,445 | 1,949 | 5,050 | 2,269 | ||||||||||||||
Other accrued expenses and liabilities | 155,008 | 98,233 | 1,545,420 | 168,553 | ||||||||||||||
Total liabilities | 13,930,806 | 667,826 | 72,924,043 | 27,181,473 | ||||||||||||||
NET ASSETS | $ | 147,278,723 | $ | 104,931,883 | $ | 2,896,782,593 | $ | 494,326,622 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 232,931,333 | $ | 112,766,160 | $ | 3,162,473,960 | $ | 451,200,005 | ||||||||||
Undistributed (distributions in excess of) net investment income | 5,700 | (1,181 | ) | (10,030,598 | ) | 8,013,215 | ||||||||||||
Accumulated net realized loss | (94,725,852 | ) | (23,575,894 | ) | (883,579,760 | ) | (20,669,222 | ) | ||||||||||
Net unrealized appreciation | 9,067,542 | 15,742,798 | 627,918,991 | 55,782,624 | ||||||||||||||
NET ASSETS | $ | 147,278,723 | $ | 104,931,883 | $ | 2,896,782,593 | $ | 494,326,622 | ||||||||||
+ Including securities loaned at value | $ | 11,270,811 | $ | — | $ | 17,891,954 | $ | 8,826,581 | ||||||||||
* Cost of investments in securities | $ | 131,256,107 | $ | 86,648,220 | $ | 2,193,815,560 | $ | 376,799,440 | ||||||||||
** Cost of investments in affiliates | $ | — | $ | — | $ | 23,589,626 | $ | — | ||||||||||
*** Cost of short-term investments | $ | 11,621,167 | $ | — | $ | 19,765,427 | $ | 9,206,254 | ||||||||||
**** Cost of short-term investments in affiliates | $ | — | $ | 2,396,000 | $ | 65,007,799 | $ | 65,272,197 | ||||||||||
***** Cost of foreign currencies | $ | 520,041 | $ | 24,730 | $ | 605,194 | $ | — |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Real Estate Fund | ING Global Value Choice Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A: | ||||||||||||||||||
Net assets | $ | 42,502,170 | $ | 101,576,785 | $ | 1,179,940,571 | $ | 200,835,302 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 4,121,757 | 11,531,490 | 72,609,657 | 6,310,199 | ||||||||||||||
Net asset value and redemption price per share | $ | 10.31 | $ | 8.81 | $ | 16.25 | $ | 31.83 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 10.94 | $ | 9.35 | $ | 17.24 | $ | 33.77 | ||||||||||
Class B: | ||||||||||||||||||
Net assets | $ | 11,211,682 | n/a | $ | 20,349,661 | $ | 7,556,931 | |||||||||||
Shares authorized | unlimited | n/a | unlimited | unlimited | ||||||||||||||
Par value | $ | — | n/a | $ | — | $ | — | |||||||||||
Shares outstanding | 1,090,243 | n/a | 1,502,730 | 223,427 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 10.28 | n/a | $ | 13.54 | $ | 33.82 | |||||||||||
Class C: | ||||||||||||||||||
Net assets | $ | 28,634,509 | n/a | $ | 201,027,351 | $ | 103,709,118 | |||||||||||
Shares authorized | unlimited | n/a | unlimited | unlimited | ||||||||||||||
Par value | $ | — | n/a | $ | — | $ | — | |||||||||||
Shares outstanding | 2,791,883 | n/a | 14,027,561 | 3,453,387 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 10.26 | n/a | $ | 14.33 | $ | 30.03 | |||||||||||
Class I: | ||||||||||||||||||
Net assets | $ | 12,390,326 | $ | 2,977,063 | $ | 1,232,412,727 | $ | 152,120,237 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 1,200,454 | 337,354 | 75,819,003 | 4,733,723 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 10.32 | $ | 8.82 | $ | 16.25 | $ | 32.14 | ||||||||||
Class O: | ||||||||||||||||||
Net assets | $ | 14,721,150 | n/a | $ | 14,860,545 | n/a | ||||||||||||
Shares authorized | unlimited | n/a | unlimited | n/a | ||||||||||||||
Par value | $ | — | n/a | $ | — | n/a | ||||||||||||
Shares outstanding | 1,429,987 | n/a | 914,540 | n/a | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 10.29 | n/a | $ | 16.25 | n/a | ||||||||||||
Class W: | ||||||||||||||||||
Net assets | $ | 37,818,886 | $ | 378,035 | $ | 248,191,738 | $ | 30,105,034 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 3,358,433 | 34,055 | 15,245,159 | 938,626 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 11.26 | $ | 11.10 | $ | 16.28 | $ | 32.07 | ||||||||||
(1) | Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $50,000 or more, the offering price is reduced. | |
(2) | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Asia-Pacific Real Estate Fund | ING Emerging Countries Fund | ING European Real Estate Fund | ING Global Opportunities Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 5,951,798 | $ | 173,521,229 | $ | 4,345,993 | $ | 123,603,531 | ||||||||||
Investments in affiliates** | 122,557 | — | — | — | ||||||||||||||
Short-term investments at value*** | — | 2,273,475 | — | 5,295,149 | ||||||||||||||
Short-term investments in affiliates**** | 43,928 | — | 57,279 | — | ||||||||||||||
Cash | — | 8,583,352 | — | 942,360 | ||||||||||||||
Foreign currencies at value***** | 4,852 | — | 36,404 | 918,772 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investment securities sold | 96,830 | 3,284,221 | — | 2,447,426 | ||||||||||||||
Fund shares sold | 141 | 119,269 | 2,563 | 8,145 | ||||||||||||||
Dividends and interest | 22,044 | 162,078 | 7,172 | 324,926 | ||||||||||||||
Receivable due from broker (Note 3) | — | 1,676,264 | — | — | ||||||||||||||
Prepaid expenses | 24,715 | 23,806 | 24,809 | 23,958 | ||||||||||||||
Reimbursement due from manager | 6,526 | — | 7,286 | 55,886 | ||||||||||||||
Total assets | 6,273,391 | 189,643,694 | 4,481,506 | 133,620,153 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 100,720 | 174,014 | — | 239,028 | ||||||||||||||
Payable for fund shares redeemed | — | 448,867 | — | 392,691 | ||||||||||||||
Payable upon receipt of securities loaned | — | 2,305,798 | — | 5,329,890 | ||||||||||||||
Payable to affiliates | 7,306 | 243,075 | 5,212 | 169,128 | ||||||||||||||
Payable to custodian due to foreign currency overdraft****** | — | 1,547,890 | — | — | ||||||||||||||
Payable for directors fees | 705 | 4,463 | 86 | 1,575 | ||||||||||||||
Other accrued expenses and liabilities | 21,835 | 178,025 | 17,746 | 253,892 | ||||||||||||||
Payable for borrowings against line of credit | — | — | — | 2,390,000 | ||||||||||||||
Total liabilities | 130,566 | 4,902,132 | 23,044 | 8,776,204 | ||||||||||||||
NET ASSETS | $ | 6,142,825 | $ | 184,741,562 | $ | 4,458,462 | $ | 124,843,949 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 10,563,448 | $ | 225,808,211 | $ | 6,295,379 | $ | 230,637,462 | ||||||||||
Undistributed net investment income | 370,273 | 655 | 156,327 | 2,211,837 | ||||||||||||||
Accumulated net realized loss | (5,977,816 | ) | (82,767,542 | ) | (3,029,144 | ) | (127,894,704 | ) | ||||||||||
Net unrealized appreciation | 1,186,920 | 41,700,238 | 1,035,900 | 19,889,354 | ||||||||||||||
NET ASSETS | $ | 6,142,825 | $ | 184,741,562 | $ | 4,458,462 | $ | 124,843,949 | ||||||||||
+ Including securities loaned at value | $ | — | $ | 2,151,588 | $ | — | $ | 5,104,997 | ||||||||||
* Cost of investments in securities | $ | 4,791,646 | $ | 131,797,679 | $ | 3,310,192 | $ | 103,717,833 | ||||||||||
** Cost of investments in affiliates | $ | 96,504 | $ | — | $ | — | $ | — | ||||||||||
*** Cost of short-term investments | $ | — | $ | 2,305,798 | $ | — | $ | 5,329,890 | ||||||||||
**** Cost of short-term investments in affiliates | $ | 43,928 | $ | — | $ | 57,279 | $ | — | ||||||||||
***** Cost of foreign currencies | $ | 4,852 | $ | — | $ | 36,415 | $ | 890,251 | ||||||||||
****** Cost of foreign currency overdraft | $ | — | $ | 1,558,151 | $ | — | $ | — |
ING Asia-Pacific Real Estate Fund | ING Emerging Countries Fund | ING European Real Estate Fund | ING Global Opportunities Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A: | ||||||||||||||||||
Net assets | $ | 5,853,624 | $ | 86,497,086 | $ | 4,207,742 | $ | 55,541,303 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 960,216 | 2,995,158 | 594,770 | 3,946,190 | ||||||||||||||
Net asset value and redemption price per share | $ | 6.10 | $ | 28.88 | $ | 7.07 | $ | 14.07 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 6.47 | $ | 30.64 | $ | 7.50 | $ | 14.93 | ||||||||||
Class B: | ||||||||||||||||||
Net assets | $ | 36,589 | $ | 3,900,803 | $ | 118,346 | $ | 9,093,863 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 6,034 | 137,204 | 16,839 | 676,782 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 6.06 | $ | 28.43 | $ | 7.03 | $ | 13.44 | ||||||||||
Class C: | ||||||||||||||||||
Net assets | $ | 250,052 | $ | 15,872,814 | $ | 88,709 | $ | 49,255,775 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 41,165 | 594,716 | 12,578 | 3,664,624 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 6.07 | $ | 26.69 | $ | 7.05 | $ | 13.44 | ||||||||||
Class I: | ||||||||||||||||||
Net assets | $ | 2,560 | $ | 72,072,499 | $ | 43,665 | $ | 9,466,742 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 422 | 2,482,298 | 6,184 | 658,223 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 6.06 | $ | 29.03 | $ | 7.06 | $ | 14.38 | ||||||||||
Class W: | ||||||||||||||||||
Net assets | n/a | $ | 6,398,360 | n/a | $ | 1,486,266 | ||||||||||||
Shares authorized | n/a | unlimited | n/a | unlimited | ||||||||||||||
Par value | n/a | $ | — | n/a | $ | — | ||||||||||||
Shares outstanding | n/a | 210,779 | n/a | 96,765 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | n/a | $ | 30.36 | n/a | $ | 15.36 | ||||||||||||
(1) | Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $50,000 or more, the offering price is reduced. | |
(2) | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Greater China Fund | ING Index Plus International Equity Fund | ING International Capital Appreciation Fund | ING International Real Estate Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | �� | |||||||||||||||||
Investments in securities at value+* | $ | 44,421,200 | $ | 136,838,051 | $ | 103,057,026 | $ | 624,902,690 | ||||||||||
Investments in affiliates** | — | — | — | 7,673,613 | ||||||||||||||
Short-term investments at value*** | — | — | 3,713,840 | — | ||||||||||||||
Short-term investments in affiliates**** | — | 124,000 | — | — | ||||||||||||||
Cash | 290,075 | — | 547,719 | 8,626,473 | ||||||||||||||
Cash collateral for futures | — | 82,138 | — | — | ||||||||||||||
Foreign currencies at value***** | 14,038 | 103,120 | 667 | 172,380 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investment securities sold | 582,555 | 17,296,059 | 929,388 | 59,998 | ||||||||||||||
Fund shares sold | 149,712 | 11,734 | 22,633 | 1,924,023 | ||||||||||||||
Dividends and interest | 14,440 | 476,364 | 218,186 | 1,682,631 | ||||||||||||||
Prepaid expenses | 11,296 | 8,939 | 14,013 | 23,081 | ||||||||||||||
Reimbursement due from manager | — | 22,287 | 31,362 | — | ||||||||||||||
Total assets | 45,483,316 | 154,962,692 | 108,534,834 | 645,064,889 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 548 | 16,237,551 | 1,029,188 | 3,257,732 | ||||||||||||||
Payable for fund shares redeemed | 102,656 | 84,892 | 72,848 | 463,789 | ||||||||||||||
Payable upon receipt of securities loaned | — | — | 3,729,793 | — | ||||||||||||||
Payable to affiliates | 68,581 | 92,497 | 97,781 | 619,254 | ||||||||||||||
Payable to custodian due to bank overdraft | — | 80,775 | — | — | ||||||||||||||
Payable for directors fees | 824 | 960 | 3,985 | 4,932 | ||||||||||||||
Other accrued expenses and liabilities | 76,404 | 115,282 | 90,680 | 287,490 | ||||||||||||||
Total liabilities | 249,013 | 16,611,957 | 5,024,275 | 4,633,197 | ||||||||||||||
NET ASSETS | $ | 45,234,303 | $ | 138,350,735 | $ | 103,510,559 | $ | 640,431,692 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 38,897,297 | $ | 205,124,914 | $ | 154,590,131 | $ | 861,252,500 | ||||||||||
Undistributed net investment income | 456,008 | 1,932,025 | �� | 551,666 | 21,444,431 | |||||||||||||
Accumulated net realized loss | (3,644,859 | ) | (86,173,027 | ) | (65,663,377 | ) | (359,808,051 | ) | ||||||||||
Net unrealized appreciation | 9,525,857 | 17,466,823 | 14,032,139 | 117,542,812 | ||||||||||||||
NET ASSETS | $ | 45,234,303 | $ | 138,350,735 | $ | 103,510,559 | $ | 640,431,692 | ||||||||||
+ Including securities loaned at value | $ | — | $ | — | $ | 3,597,864 | $ | — | ||||||||||
* Cost of investments in securities | $ | 34,895,235 | $ | 119,394,075 | $ | 89,014,411 | $ | 508,123,163 | ||||||||||
** Cost of investments in affiliates | $ | — | $ | — | $ | — | $ | 6,950,929 | ||||||||||
*** Cost of short-term investments | $ | — | $ | — | $ | 3,729,793 | $ | — | ||||||||||
**** Cost of short-term investments in affiliates | $ | — | $ | 124,000 | $ | — | $ | — | ||||||||||
***** Cost of foreign currencies | $ | 13,946 | $ | 103,375 | $ | 712 | $ | 172,375 |
ING Greater China Fund | ING Index Plus International Equity Fund | ING International Capital Appreciation Fund | ING International Real Estate Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A: | ||||||||||||||||||
Net assets | $ | 29,947,389 | $ | 8,969,165 | $ | 24,553,172 | $ | 240,779,174 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 1,826,533 | 1,073,024 | 2,436,031 | 27,193,179 | ||||||||||||||
Net asset value and redemption price per share | $ | 16.40 | $ | 8.36 | $ | 10.08 | $ | 8.85 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 17.40 | $ | 8.87 | $ | 10.69 | $ | 9.39 | ||||||||||
Class B: | ||||||||||||||||||
Net assets | $ | 2,772,297 | $ | 772,403 | $ | 2,597,389 | $ | 3,019,185 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 171,320 | 92,393 | 262,057 | 342,395 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 16.18 | $ | 8.36 | $ | 9.91 | $ | 8.82 | ||||||||||
Class C: | ||||||||||||||||||
Net assets | $ | 5,772,213 | $ | 1,201,693 | $ | 7,495,194 | $ | 25,631,544 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 356,498 | 144,772 | 753,449 | 2,908,602 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 16.19 | $ | 8.30 | $ | 9.95 | $ | 8.81 | ||||||||||
Class I: | ||||||||||||||||||
Net assets | $ | 2,212,064 | $ | 81,469,663 | $ | 58,078,023 | $ | 365,799,482 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 134,555 | 9,717,325 | 5,756,047 | 41,257,369 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 16.44 | $ | 8.38 | $ | 10.09 | $ | 8.87 | ||||||||||
Class O: | ||||||||||||||||||
Net assets | $ | 4,530,340 | $ | 45,937,811 | n/a | n/a | ||||||||||||
Shares authorized | unlimited | unlimited | n/a | n/a | ||||||||||||||
Par value | $ | — | $ | — | n/a | n/a | ||||||||||||
Shares outstanding | 278,459 | 5,535,127 | n/a | n/a | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 16.27 | $ | 8.30 | n/a | n/a | ||||||||||||
Class W: | ||||||||||||||||||
Net assets | n/a | n/a | $ | 10,786,781 | $ | 5,202,307 | ||||||||||||
Shares authorized | n/a | n/a | unlimited | unlimited | ||||||||||||||
Par value | n/a | n/a | $ | — | $ | — | ||||||||||||
Shares outstanding | n/a | n/a | 1,067,471 | 585,218 | ||||||||||||||
Net asset value, redemption price and maximum offering price per share | n/a | n/a | $ | 10.10 | $ | 8.89 | ||||||||||||
(1) | Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $50,000 or more, the offering price is reduced. | |
(2) | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING International SmallCap Multi-Manager Fund | ING International Value Fund | ING International Value Choice Fund | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||
Investments in securities at value+* | $ | 426,714,566 | $ | 1,212,467,754 | $ | 45,920,567 | ||||||||
Short-term investments at value** | 1,385,519 | 3,884,252 | — | |||||||||||
Short-term investments in affiliates*** | 2,287,236 | 29,834,588 | 716,531 | |||||||||||
Cash | 4,688,831 | — | — | |||||||||||
Foreign currencies at value**** | 661,669 | 556,039 | — | |||||||||||
Receivables: | ||||||||||||||
Investment securities sold | 2,185,894 | 10,437,299 | — | |||||||||||
Fund shares sold | 426,990 | 264,125 | 111,751 | |||||||||||
Dividends and interest | 1,275,339 | 9,301,140 | 147,240 | |||||||||||
Prepaid expenses | 22,977 | 25,218 | 15,285 | |||||||||||
Total assets | 439,649,021 | 1,266,770,415 | 46,911,374 | |||||||||||
LIABILITIES: | ||||||||||||||
Payable for investment securities purchased | 1,559,510 | 12,299,439 | — | |||||||||||
Payable for fund shares redeemed | 379,573 | 11,353,656 | 14,947 | |||||||||||
Payable upon receipt of securities loaned | 1,401,458 | 4,124,710 | — | |||||||||||
Payable to affiliates | 477,825 | 1,490,366 | 53,895 | |||||||||||
Payable to custodian due to bank overdraft | — | 8,221 | — | |||||||||||
Payable to custodian due to foreign currency overdraft***** | — | — | 1,906 | |||||||||||
Payable for directors fees | 8,520 | 17,935 | 2,062 | |||||||||||
Accrued foreign taxes on capital gains | 274,579 | — | — | |||||||||||
Other accrued expenses and liabilities | 368,828 | 925,956 | 44,363 | |||||||||||
Total liabilities | 4,470,293 | 30,220,283 | 117,173 | |||||||||||
NET ASSETS | $ | 435,178,728 | $ | 1,236,550,132 | $ | 46,794,201 | ||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||
Paid-in capital | $ | 694,085,586 | $ | 2,120,196,949 | $ | 59,029,157 | ||||||||
Undistributed net investment income | 2,619,329 | 23,170,317 | 387,496 | |||||||||||
Accumulated net realized loss | (327,932,675 | ) | (891,714,854 | ) | (15,857,289 | ) | ||||||||
Net unrealized appreciation or depreciation | 66,406,488 | (15,102,280 | ) | 3,234,837 | ||||||||||
NET ASSETS | $ | 435,178,728 | $ | 1,236,550,132 | $ | 46,794,201 | ||||||||
+ Including securities loaned at value | $ | 1,318,563 | $ | 3,916,586 | $ | — | ||||||||
* Cost of investments in securities | $ | 360,351,549 | $ | 1,227,791,003 | $ | 42,691,534 | ||||||||
** Cost of short-term investments | $ | 1,401,458 | $ | 4,124,710 | $ | — | ||||||||
*** Cost of short-term investments in affiliates | $ | 2,287,236 | $ | 29,834,588 | $ | 716,531 | ||||||||
**** Cost of foreign currencies | $ | 661,331 | $ | 555,960 | $ | — | ||||||||
***** Cost of foreign currency overdraft | $ | — | $ | — | $ | 1,899 |
ING International SmallCap Multi-Manager Fund | ING International Value Fund | ING International Value Choice Fund | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A: | ||||||||||||||
Net assets | $ | 144,594,020 | $ | 549,016,187 | $ | 22,683,264 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | 0.01 | $ | — | ||||||||
Shares outstanding | 3,850,774 | 46,602,126 | 2,070,284 | |||||||||||
Net asset value and redemption price per share | $ | 37.55 | $ | 11.78 | $ | 10.96 | ||||||||
Maximum offering price per share (5.75%)(1) | $ | 39.84 | $ | 12.50 | $ | 11.63 | ||||||||
Class B: | ||||||||||||||
Net assets | $ | 5,119,993 | $ | 3,131,599 | $ | 1,159,932 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | 0.01 | $ | — | ||||||||
Shares outstanding | 129,659 | 268,565 | 107,744 | |||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 39.49 | $ | 11.66 | $ | 10.77 | ||||||||
Class C: | ||||||||||||||
Net assets | $ | 31,078,453 | $ | 210,574,031 | $ | 5,195,156 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | 0.01 | $ | — | ||||||||
Shares outstanding | 886,900 | 18,464,992 | 480,984 | |||||||||||
Net asset value, redemption price and maximum offering price per share(2) | $ | 35.04 | $ | 11.40 | $ | 10.80 | ||||||||
Class I: | ||||||||||||||
Net assets | $ | 210,964,793 | $ | 449,321,303 | $ | 17,722,337 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | 0.01 | $ | — | ||||||||
Shares outstanding | 5,601,236 | 38,184,808 | 1,616,375 | |||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 37.66 | $ | 11.77 | $ | 10.96 | ||||||||
Class O: | ||||||||||||||
Net assets | $ | 1,164,006 | n/a | n/a | ||||||||||
Shares authorized | unlimited | n/a | n/a | |||||||||||
Par value | $ | — | n/a | n/a | ||||||||||
Shares outstanding | 31,206 | n/a | n/a | |||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 37.30 | n/a | n/a | ||||||||||
Class W: | ||||||||||||||
Net assets | $ | 42,257,463 | $ | 24,507,012 | $ | 33,512 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | 0.01 | $ | — | ||||||||
Shares outstanding | 949,811 | 2,083,697 | 3,055 | |||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 44.49 | $ | 11.76 | $ | 10.97 | ||||||||
(1) | Maximum offering price is computed at 100/94.25 of net asset value. On purchases of $50,000 or more, the offering price is reduced. | |
(2) | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Russia Fund | ING Global Bond Fund | ING Diversified International Fund | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||
Investments in securities at value+* | $ | 403,404,418 | $ | 519,797,516 | $ | — | ||||||||
Investments in affiliates** | — | — | 193,294,657 | |||||||||||
Short-term investments at value*** | 25,402,044 | — | — | |||||||||||
Short-term investments in affiliates**** | — | 3,941,000 | — | |||||||||||
Short-term investments at amortized cost | — | 9,748,653 | — | |||||||||||
Cash | 9,528,924 | 535,417 | 35,031 | |||||||||||
Receivable for derivatives collateral held at broker (Note 2) | — | 485,000 | — | |||||||||||
Cash collateral for futures | — | 4,259,031 | — | |||||||||||
Foreign currencies at value***** | — | 383,323 | — | |||||||||||
Receivables: | ||||||||||||||
Investment securities sold on a delayed-delivery or when-issued basis | — | 19,152,345 | — | |||||||||||
Investment securities sold | 12,580,651 | 5,467,679 | 29,904 | |||||||||||
Fund shares sold | 624,444 | 6,222,398 | 93,309 | |||||||||||
Dividends and interest | 2,021,796 | 6,925,949 | — | |||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 5,085,366 | — | |||||||||||
Unrealized appreciation on swap agreements | — | 659,123 | — | |||||||||||
Prepaid expenses | 20,009 | 45,845 | 17,462 | |||||||||||
Reimbursement due from manager | — | 43,522 | 33,167 | |||||||||||
Total assets | 453,582,286 | 582,752,167 | 193,503,530 | |||||||||||
LIABILITIES: | ||||||||||||||
Payable for investment securities purchased on a delayed-delivery or when-issued basis | — | 38,268,967 | — | |||||||||||
Payable for investment securities purchased | — | 8,804,296 | — | |||||||||||
Payable for fund shares redeemed | 512,039 | 411,688 | 357,488 | |||||||||||
Payable for cash collateral for futures****** | — | 846,890 | — | |||||||||||
Payable upon receipt of securities loaned | 25,570,334 | — | — | |||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 3,758,877 | — | |||||||||||
Unrealized depreciation on swap agreements | — | 862,110 | — | |||||||||||
Income distribution payable | — | 870,000 | — | |||||||||||
Payable to affiliates | 575,476 | 335,494 | 104,233 | |||||||||||
Payable for directors fees | 5,053 | 2,062 | 3,100 | |||||||||||
Other accrued expenses and liabilities | 606,351 | 220,031 | 200,472 | |||||||||||
Written options, at fair valueˆ | — | 1,561,926 | — | |||||||||||
Total liabilities | 27,269,253 | 55,942,341 | 665,293 | |||||||||||
NET ASSETS | $ | 426,313,033 | $ | 526,809,826 | $ | 192,838,237 | ||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||
Paid-in capital | $ | 426,110,480 | $ | 491,141,081 | $ | 345,520,203 | ||||||||
Undistributed net investment income | — | 5,166,181 | — | |||||||||||
Accumulated net realized gain (loss) | (99,667,092 | ) | 2,781,734 | (182,000,931 | ) | |||||||||
Net unrealized appreciation | 99,869,645 | 27,720,830 | 29,318,965 | |||||||||||
NET ASSETS | $ | 426,313,033 | $ | 526,809,826 | $ | 192,838,237 | ||||||||
+ Including securities loaned at value | $ | 24,331,127 | $ | — | $ | — | ||||||||
* Cost of investments in securities | $ | 303,365,985 | $ | 493,422,122 | $ | — | ||||||||
** Cost of investments in affiliates | $ | — | $ | — | $ | 163,975,692 | ||||||||
*** Cost of short-term investments | $ | 25,570,334 | $ | — | $ | — | ||||||||
**** Cost of short-term investments in affiliates | $ | — | $ | 3,941,000 | $ | — | ||||||||
***** Cost of foreign currencies | $ | — | $ | 378,453 | $ | — | ||||||||
****** Cost of foreign cash collateral for futures | $ | — | $ | 844,180 | $ | — | ||||||||
ˆ Premiums received on written options | $ | — | $ | 1,924,987 | $ | — |
ING Russia Fund | ING Global Bond Fund | ING Diversified International Fund | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A: | ||||||||||||||
Net assets | $ | 418,162,125 | $ | 192,384,092 | $ | 102,459,924 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | — | $ | — | ||||||||
Shares outstanding | 11,449,270 | 15,621,712 | 10,976,159 | |||||||||||
Net asset value and redemption price per share | $ | 36.52 | $ | 12.32 | $ | 9.33 | ||||||||
Maximum offering price per share | $ | 38.75 | (1) | $ | 12.64 | (2) | $ | 9.90 | (1) | |||||
Class B: | ||||||||||||||
Net assets | n/a | $ | 4,125,396 | $ | 16,615,601 | |||||||||
Shares authorized | n/a | unlimited | unlimited | |||||||||||
Par value | n/a | $ | — | $ | — | |||||||||
Shares outstanding | n/a | 337,895 | 1,791,737 | |||||||||||
Net asset value, redemption price and maximum offering price per share(3) | n/a | $ | 12.21 | $ | 9.27 | |||||||||
Class C: | ||||||||||||||
Net assets | n/a | $ | 90,458,072 | $ | 59,015,489 | |||||||||
Shares authorized | n/a | unlimited | unlimited | |||||||||||
Par value | n/a | $ | — | $ | — | |||||||||
Shares outstanding | n/a | 7,381,941 | 6,376,313 | |||||||||||
Net asset value, redemption price and maximum offering price per share(3) | n/a | $ | 12.25 | $ | 9.26 | |||||||||
Class I: | ||||||||||||||
Net assets | $ | 8,150,908 | $ | 222,122,510 | $ | 9,187,766 | ||||||||
Shares authorized | unlimited | unlimited | unlimited | |||||||||||
Par value | $ | — | $ | — | $ | — | ||||||||
Shares outstanding | 222,466 | 18,087,261 | 985,293 | |||||||||||
Net asset value, redemption price and maximum offering price per share | $ | 36.64 | $ | 12.28 | $ | 9.32 | ||||||||
Class O: | ||||||||||||||
Net assets | n/a | $ | 3,578,002 | $ | 2,946,540 | |||||||||
Shares authorized | n/a | unlimited | unlimited | |||||||||||
Par value | n/a | $ | — | $ | — | |||||||||
Shares outstanding | n/a | 295,201 | 317,642 | |||||||||||
Net asset value, redemption price and maximum offering price per share | n/a | $ | 12.12 | $ | 9.28 | |||||||||
Class R: | ||||||||||||||
Net assets | n/a | n/a | $ | 173,215 | ||||||||||
Shares authorized | n/a | n/a | unlimited | |||||||||||
Par value | n/a | n/a | $ | — | ||||||||||
Shares outstanding | n/a | n/a | 18,779 | |||||||||||
Net asset value, redemption price and maximum offering price per share | n/a | n/a | $ | 9.22 | ||||||||||
Class W: | ||||||||||||||
Net assets | n/a | $ | 14,141,754 | $ | 2,439,702 | |||||||||
Shares authorized | n/a | unlimited | unlimited | |||||||||||
Par value | n/a | $ | — | $ | — | |||||||||
Shares outstanding | n/a | 1,167,082 | 262,394 | |||||||||||
Net asset value, redemption price and maximum offering price per share | n/a | $ | 12.12 | $ | 9.30 | |||||||||
(1) | Maximum offering price is 5.75% and is computed at 100/94.25 of net asset value. On purchases of $50,000 or more, the offering price is reduced. | |
(2) | Maximum offering price is 2.50% and is computed at 100/97.50 of net asset value. On purchases of $100,000 ore more, the offering price is reduced. | |
(3) | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Real Estate Fund | ING Global Value Choice Fund | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld*(1) | $ | 5,645,603 | $ | 1,671,401 | $ | 64,967,177 | $ | 5,679,517 | |||||||||||
Interest, net of foreign taxes withheld* | — | 9,119 | 131 | 140,309 | |||||||||||||||
Securities lending income, net | 7,531 | — | 179,728 | 51,335 | |||||||||||||||
Total investment income | 5,653,134 | 1,680,520 | 65,147,036 | 5,871,161 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 979,886 | 893,029 | 15,958,881 | 2,753,165 | |||||||||||||||
Distribution and service fees: | |||||||||||||||||||
Class A | 109,686 | 247,385 | 2,476,453 | 384,354 | |||||||||||||||
Class B | 135,670 | — | 210,655 | 76,896 | |||||||||||||||
Class C | 333,010 | — | 1,705,549 | 739,929 | |||||||||||||||
Class O | 36,883 | — | 34,773 | — | |||||||||||||||
Class Q(2) | — | — | — | 430 | |||||||||||||||
Transfer agent fees: | |||||||||||||||||||
Class A | 83,165 | 167,957 | 2,348,115 | 236,365 | |||||||||||||||
Class B | 25,785 | — | 49,972 | 11,896 | |||||||||||||||
Class C | 63,219 | — | 404,478 | 113,869 | |||||||||||||||
Class I | 2,899 | — | 720,889 | 12,222 | |||||||||||||||
Class O | 27,941 | — | 32,958 | — | |||||||||||||||
Class W | 54,426 | 464 | 464,114 | 18,538 | |||||||||||||||
Administrative service fees | 139,982 | 102,403 | 2,217,317 | 305,905 | |||||||||||||||
Shareholder reporting expense | 44,761 | 29,932 | 525,361 | 62,965 | |||||||||||||||
Registration fees | 82,407 | 46,358 | 217,597 | 86,458 | |||||||||||||||
Professional fees | 19,864 | 27,626 | 284,632 | 43,439 | |||||||||||||||
Custody and accounting expense | 40,618 | 24,936 | 777,571 | 91,525 | |||||||||||||||
Directors fees | 3,082 | 2,965 | 50,390 | 4,415 | |||||||||||||||
Miscellaneous expense | 8,735 | 7,357 | 88,146 | 17,587 | |||||||||||||||
Interest expense | — | 334 | — | — | |||||||||||||||
Total expenses | 2,192,019 | 1,550,746 | 28,567,851 | 4,959,958 | |||||||||||||||
Net recouped (waived and reimbursed) fees | 25,399 | (1,292 | ) | (50,243 | ) | (28,936 | ) | ||||||||||||
Brokerage commission recapture | — | — | — | (33,362 | ) | ||||||||||||||
Net expenses | 2,217,418 | 1,549,454 | 28,517,608 | 4,897,660 | |||||||||||||||
Net investment income | 3,435,716 | 131,066 | 36,629,428 | 973,501 | |||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments | 9,546,854 | 3,237,529 | (56,386,394 | ) | 29,629,921 | ||||||||||||||
Foreign currency related transactions | (251,540 | ) | 6,350 | (680,532 | ) | (63,698 | ) | ||||||||||||
Net realized gain (loss) | 9,295,314 | 3,243,879 | (57,066,926 | ) | 29,566,223 | ||||||||||||||
Net change in unrealized appreciation or depreciation on: | |||||||||||||||||||
Investments | 3,884,827 | 8,481,951 | 466,470,859 | 30,398,649 | |||||||||||||||
Foreign currency related transactions | 10,940 | 61 | 136,210 | 40,182 | |||||||||||||||
Net change in unrealized appreciation or depreciation | 3,895,767 | 8,482,012 | 466,607,069 | 30,438,831 | |||||||||||||||
Net realized and unrealized gain | 13,191,081 | 11,725,891 | 409,540,143 | 60,005,054 | |||||||||||||||
Increase in net assets resulting from operations | $ | 16,626,797 | $ | 11,856,957 | $ | 446,169,571 | $ | 60,978,555 | |||||||||||
* Foreign taxes withheld | $ | 320,303 | $ | 78,088 | $ | 3,203,338 | $ | 434,116 | |||||||||||
(1) Dividends from affiliates | $ | — | $ | 3,139 | $ | 1,488,610 | $ | 56,333 |
(2) | Effective November 20, 2009, Class Q shareholders of ING Global Value Choice Fund were converted to Class W shares of the Fund. |
ING Asia-Pacific Real Estate Fund | ING Emerging Countries Fund | ING European Real Estate Fund | ING Global Opportunities Fund | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld*(1) | $ | 159,496 | $ | 2,559,608 | $ | 124,743 | $ | 3,645,918 | |||||||||||
Interest, net of foreign taxes withheld* | 2,155 | 123,539 | 35 | 120,235 | |||||||||||||||
Securities lending income, net | — | 10,793 | — | 15,485 | |||||||||||||||
Total investment income | 161,651 | 2,693,940 | 124,778 | 3,781,638 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 48,106 | 2,003,496 | 41,766 | 1,783,334 | |||||||||||||||
Distribution and service fees: | |||||||||||||||||||
Class A | 9,852 | 279,984 | 9,924 | 174,576 | |||||||||||||||
Class B | 278 | 44,007 | 987 | 113,257 | |||||||||||||||
Class C | 8,397 | 165,463 | 664 | 613,277 | |||||||||||||||
Class Q(2)(3) | — | 6,794 | — | 4 | |||||||||||||||
Transfer agent fees: | |||||||||||||||||||
Class A | 2,337 | 155,547 | 3,301 | 149,151 | |||||||||||||||
Class B | 17 | 8,606 | 78 | 24,230 | |||||||||||||||
Class C | 541 | 32,266 | 60 | 131,111 | |||||||||||||||
Class I | — | 6,510 | 9 | 2,825 | |||||||||||||||
Class Q(2)(3) | — | 523 | — | — | |||||||||||||||
Class W | — | 8,170 | — | 2,926 | |||||||||||||||
Administrative service fees | 4,811 | 160,278 | 4,177 | 182,621 | |||||||||||||||
Shareholder reporting expense | 1,830 | 51,850 | 1,253 | 26,964 | |||||||||||||||
Registration fees | 54,234 | 79,883 | 56,875 | 81,306 | |||||||||||||||
Professional fees | 1,768 | 37,167 | 8,945 | 41,848 | |||||||||||||||
Custody and accounting expense | 35,795 | 206,438 | 32,752 | 361,921 | |||||||||||||||
Directors fees | 222 | 5,165 | 215 | 6,004 | |||||||||||||||
Miscellaneous expense | 4,975 | 20,539 | 4,258 | 17,144 | |||||||||||||||
Interest expense | 43 | 736 | 140 | 5,435 | |||||||||||||||
Total expenses | 173,206 | 3,273,422 | 165,404 | 3,717,934 | |||||||||||||||
Net waived and reimbursed fees | (81,863 | ) | (300,176 | ) | (90,600 | ) | (328,646 | ) | |||||||||||
Net expenses | 91,343 | 2,973,246 | 74,804 | 3,389,288 | |||||||||||||||
Net investment income (loss) | 70,308 | (279,306 | ) | 49,974 | 392,350 | ||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments (net of Indian capital gains tax withheld)** | 84,937 | 20,184,601 | (80,456 | ) | 33,332,732 | ||||||||||||||
Foreign currency related transactions | 286 | (598,641 | ) | (9,613 | ) | 1,280,177 | |||||||||||||
Futures | — | — | — | (235,182 | ) | ||||||||||||||
Net realized gain (loss) | 85,223 | 19,585,960 | (90,069 | ) | 34,377,727 | ||||||||||||||
Net change in unrealized appreciation or depreciation on: | |||||||||||||||||||
Investments | 811,383 | 10,402,951 | 482,489 | (23,662,316 | ) | ||||||||||||||
Foreign currency related transactions | 536 | 36,895 | 989 | 551,679 | |||||||||||||||
Net change in unrealized appreciation or depreciation | 811,919 | 10,439,846 | 483,478 | (23,110,637 | )�� | ||||||||||||||
Net realized and unrealized gain | 897,142 | 30,025,806 | 393,409 | 11,267,090 | |||||||||||||||
Increase in net assets resulting from operations | $ | 967,450 | $ | 29,746,500 | $ | 443,383 | $ | 11,659,440 | |||||||||||
* Foreign taxes withheld | $ | 8,406 | $ | 261,320 | $ | 11,624 | $ | 414,073 | |||||||||||
** Foreign taxes on sale of Indian Investments | $ | — | $ | — | $ | — | $ | 16,113 | |||||||||||
(1) Dividends from affiliates | $ | 8,870 | $ | — | $ | 75 | $ | 802 |
(2) | Effective November 20, 2009, Class Q shareholders of ING Global Opportunities Fund were converted to Class W shares of the Fund. | |
(3) | Effective March 8, 2010, Class Q shareholders of ING Emerging Countries Fund were converted to Class W shares of the Fund. |
ING Greater China Fund | ING Index Plus International Equity Fund | ING International Capital Appreciation Fund | ING International Real Estate Fund | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld*(1) | $ | 1,071,189 | $ | 3,240,455 | $ | 1,771,678 | $ | 17,392,436 | |||||||||||
Interest, net of foreign taxes withheld* | 16,264 | 17,218 | 19,007 | 316,851 | |||||||||||||||
Securities lending income, net | — | — | 46,801 | — | |||||||||||||||
Total investment income | 1,087,453 | 3,257,673 | 1,837,486 | 17,709,287 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 519,081 | 653,367 | 839,701 | 5,056,290 | |||||||||||||||
Distribution and service fees: | |||||||||||||||||||
Class A | 76,905 | 21,690 | 62,103 | 391,813 | |||||||||||||||
Class B | 28,371 | 9,144 | 35,444 | 33,052 | |||||||||||||||
Class C | 59,428 | 13,041 | 74,883 | 246,541 | |||||||||||||||
Class O | 9,495 | 113,065 | — | — | |||||||||||||||
Class W | — | — | 10,433 | — | |||||||||||||||
Transfer agent fees: | |||||||||||||||||||
Class A | 67,781 | 19,988 | 62,328 | 139,065 | |||||||||||||||
Class B | 6,275 | 2,087 | 8,700 | 2,944 | |||||||||||||||
Class C | 13,041 | 2,981 | 17,567 | 21,975 | |||||||||||||||
Class I | 1,371 | 10,606 | 718 | 12,167 | |||||||||||||||
Class O | 8,538 | 103,541 | — | — | |||||||||||||||
Class W | — | — | 19,489 | 2,766 | |||||||||||||||
Administrative service fees | 45,137 | 118,793 | 98,787 | 538,566 | |||||||||||||||
Shareholder reporting expense | 19,379 | 47,079 | 22,934 | 79,385 | |||||||||||||||
Registration fees | 68,998 | 64,464 | 70,091 | 99,540 | |||||||||||||||
Professional fees | 18,970 | 5,326 | 35,980 | 82,660 | |||||||||||||||
Custody and accounting expense | 53,478 | 81,455 | 89,569 | 372,779 | |||||||||||||||
Directors fees | 1,844 | 107 | 4,501 | 13,707 | |||||||||||||||
Miscellaneous expense | 11,682 | 12,512 | 21,753 | 29,773 | |||||||||||||||
Interest expense | 764 | 2,824 | 1,181 | 1,918 | |||||||||||||||
Total expenses | 1,010,538 | 1,282,070 | 1,476,162 | 7,124,941 | |||||||||||||||
Net waived and reimbursed fees | (2,687 | ) | (97,803 | ) | (237,073 | ) | (3,605 | ) | |||||||||||
Brokerage commission recapture | — | — | (5,895 | ) | — | ||||||||||||||
Net expenses | 1,007,851 | 1,184,267 | 1,233,194 | 7,121,336 | |||||||||||||||
Net investment income | 79,602 | 2,073,406 | 604,292 | 10,587,951 | |||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments | 3,919,174 | 5,931,417 | 6,984,925 | (25,622,322 | ) | ||||||||||||||
Foreign currency related transactions | (7,914 | ) | (499,169 | ) | (32,500 | ) | (317,228 | ) | |||||||||||
Net realized gain (loss) | 3,911,260 | 5,432,248 | 6,952,425 | (25,939,550 | ) | ||||||||||||||
Net change in unrealized appreciation or depreciation on: | |||||||||||||||||||
Investments | 2,259,079 | 8,812,470 | 4,653,321 | 82,986,815 | |||||||||||||||
Foreign currency related transactions | 176 | (439 | ) | 1,498 | 37,012 | ||||||||||||||
Futures | — | (1,000 | ) | — | — | ||||||||||||||
Net change in unrealized appreciation or depreciation | 2,259,255 | 8,811,031 | 4,654,819 | 83,023,827 | |||||||||||||||
Net realized and unrealized gain | 6,170,515 | 14,243,279 | 11,607,244 | 57,084,277 | |||||||||||||||
Increase in net assets resulting from operations | $ | 6,250,117 | $ | 16,316,685 | $ | 12,211,536 | $ | 67,672,228 | |||||||||||
* Foreign taxes withheld | $ | 133,787 | $ | 280,682 | $ | 171,410 | $ | 1,300,527 | |||||||||||
(1) Dividends from affiliates | $ | — | $ | 346 | $ | — | $ | 390,780 |
ING International SmallCap Multi-Manager Fund | ING International Value Fund | ING International Value Choice Fund | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | |||||||||||||||
Dividends, net of foreign taxes withheld*(1) | $ | 9,104,806 | $ | 46,673,432 | $ | 1,310,725 | |||||||||
Interest, net of foreign taxes withheld* | 213,968 | 623,699 | — | ||||||||||||
Securities lending income, net | 59,846 | 140,684 | — | ||||||||||||
Total investment income | 9,378,620 | 47,437,815 | 1,310,725 | ||||||||||||
EXPENSES: | |||||||||||||||
Investment management fees | 4,216,192 | 14,570,416 | 518,203 | ||||||||||||
Distribution and service fees: | |||||||||||||||
Class A | 551,897 | 1,871,587 | 50,370 | ||||||||||||
Class B | 64,509 | 171,600 | 15,944 | ||||||||||||
Class C | 309,301 | 2,389,469 | 47,780 | ||||||||||||
Class O | 2,344 | — | — | ||||||||||||
Class Q(2) | 4,809 | 3,831 | — | ||||||||||||
Transfer agent fees: | |||||||||||||||
Class A | 309,282 | 752,598 | 37,143 | ||||||||||||
Class B | 12,558 | 20,469 | 2,887 | ||||||||||||
Class C | 60,760 | 288,016 | 8,809 | ||||||||||||
Class I | 26,760 | 392,873 | 959 | ||||||||||||
Class O | 1,855 | — | — | ||||||||||||
Class Q(2) | 271 | 1,090 | — | ||||||||||||
Class W | 76,431 | 26,105 | 45 | ||||||||||||
Administrative service fees | 421,616 | 1,599,649 | 51,820 | ||||||||||||
Shareholder reporting expense | 65,446 | 292,067 | 14,155 | ||||||||||||
Registration fees | 91,029 | 94,043 | 63,430 | ||||||||||||
Professional fees | 98,026 | 158,367 | 16,933 | ||||||||||||
Custody and accounting expense | 386,440 | 610,814 | 25,414 | ||||||||||||
Directors fees | 10,365 | 22,682 | 1,435 | ||||||||||||
Miscellaneous expense | 30,013 | 88,787 | 6,483 | ||||||||||||
Interest expense | 3,196 | 21,638 | 418 | ||||||||||||
Total expenses | 6,743,100 | 23,376,101 | 862,228 | ||||||||||||
Net waived and reimbursed fees | (80,495 | ) | (160,403 | ) | (22,586 | ) | |||||||||
Brokerage commission recapture | — | (14,602 | ) | — | |||||||||||
Net expenses | 6,662,605 | 23,201,096 | 839,642 | ||||||||||||
Net investment income | 2,716,015 | 24,236,719 | 471,083 | ||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||
Net realized gain (loss) on: | |||||||||||||||
Investments (net of Indian capital gains tax withheld)** | 33,450,896 | (66,617,029 | ) | 300,696 | |||||||||||
Foreign currency related transactions | (86,080 | ) | (405,951 | ) | (33,089 | ) | |||||||||
Net realized gain (loss) | 33,364,816 | (67,022,980 | ) | 267,607 | |||||||||||
Net change in unrealized appreciation or depreciation on: | |||||||||||||||
Investments (net of Indian capital gains tax accrued)*** | 42,500,406 | 109,997,130 | 5,282,972 | ||||||||||||
Foreign currency related transactions | 44,863 | (107,403 | ) | 3,922 | |||||||||||
Net change in unrealized appreciation or depreciation | 42,545,269 | 109,889,727 | 5,286,894 | ||||||||||||
Net realized and unrealized gain | 75,910,085 | 42,866,747 | 5,554,501 | ||||||||||||
Increase in net assets resulting from operations | $ | 78,626,100 | $ | 67,103,466 | $ | 6,025,584 | |||||||||
* Foreign taxes withheld | $ | 801,755 | $ | 4,099,693 | $ | 115,742 | |||||||||
** Foreign taxes on sale of Indian Investments | $ | 359,558 | $ | — | $ | — | |||||||||
*** Foreign tax accrued on Indian Investments | $ | 274,579 | $ | — | $ | — | |||||||||
(1) Dividends from affiliates | $ | 2,891 | $ | 27,082 | $ | 3,703 |
(2) | Effective November 20, 2009, Class Q shareholders of ING International SmallCap Multi-Manager Fund and ING International Value Fund were converted to Class W shares of each respective Fund. |
ING Russia Fund | ING Global Bond Fund | ING Diversified International Fund | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | |||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 4,533,307 | $ | — | $ | — | |||||||||
Dividends from affiliates | — | 23,235 | — | ||||||||||||
Dividends from affiliated underlying funds | — | — | 2,323,062 | ||||||||||||
Interest, net of foreign taxes withheld* | 13,806 | 21,979,094 | — | ||||||||||||
Securities lending income, net | 114,749 | — | — | ||||||||||||
Total investment income | 4,661,862 | 22,002,329 | 2,323,062 | ||||||||||||
EXPENSES: | |||||||||||||||
Investment management fees | 5,124,720 | 1,658,674 | — | ||||||||||||
Distribution and service fees: | |||||||||||||||
Class A | 1,010,929 | 386,182 | 285,873 | ||||||||||||
Class B | — | 44,819 | 180,316 | ||||||||||||
Class C | — | 682,392 | 640,099 | ||||||||||||
Class O | — | 8,820 | 6,115 | ||||||||||||
Class R | — | — | 906 | ||||||||||||
Transfer agent fees: | |||||||||||||||
Class A | 594,575 | 160,395 | 190,869 | ||||||||||||
Class B | — | 4,513 | 30,006 | ||||||||||||
Class C | — | 71,146 | 106,430 | ||||||||||||
Class I | 127 | 12,005 | 10,702 | ||||||||||||
Class O | — | 3,590 | 4,090 | ||||||||||||
Class R | — | — | 300 | ||||||||||||
Class W | — | 7,315 | 4,017 | ||||||||||||
Administrative service fees | 409,973 | 414,665 | 208,914 | ||||||||||||
Shareholder reporting expense | 142,652 | 84,591 | 55,239 | ||||||||||||
Registration fees | 39,502 | 106,020 | 96,215 | ||||||||||||
Professional fees | 57,916 | 47,371 | 25,338 | ||||||||||||
Custody and accounting expense | 1,226,063 | 302,900 | 29,448 | ||||||||||||
Directors fees | 7,385 | 11,455 | 7,405 | ||||||||||||
Miscellaneous expense | 18,469 | 28,868 | 12,144 | ||||||||||||
Interest expense | — | 3,750 | — | ||||||||||||
Total expenses | 8,632,311 | 4,039,471 | 1,894,426 | ||||||||||||
Net waived and reimbursed fees | — | (376,496 | ) | (498,708 | ) | ||||||||||
Net expenses | 8,632,311 | 3,662,975 | 1,395,718 | ||||||||||||
Net investment income (loss) | (3,970,449 | ) | 18,339,354 | 927,344 | |||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||
Net realized gain (loss) on: | |||||||||||||||
Investments | (28,234,471 | ) | 10,223,378 | — | |||||||||||
Sale of investments in affiliated underlying funds | — | — | (29,774,620 | ) | |||||||||||
Foreign currency related transactions | (16,401 | ) | (5,296,317 | ) | — | ||||||||||
Futures | — | (3,079,438 | ) | — | |||||||||||
Swaps | — | 2,130,323 | — | ||||||||||||
Written options | — | 1,184,602 | — | ||||||||||||
Net realized gain (loss) | (28,250,872 | ) | 5,162,548 | (29,774,620 | ) | ||||||||||
Net change in unrealized appreciation or depreciation on: | |||||||||||||||
Investments | 115,197,359 | 5,193,389 | — | ||||||||||||
Investments in affiliated underlying funds | — | — | 53,786,539 | ||||||||||||
Foreign currency related transactions | (14,408 | ) | 1,706,282 | — | |||||||||||
Futures | — | 44,244 | — | ||||||||||||
Swaps | — | (174,501 | ) | — | |||||||||||
Written options | — | 365,372 | — | ||||||||||||
Net change in unrealized appreciation or depreciation | 115,182,951 | 7,134,786 | 53,786,539 | ||||||||||||
Net realized and unrealized gain | 86,932,079 | 12,297,334 | 24,011,919 | ||||||||||||
Increase in net assets resulting from operations | $ | 82,961,630 | $ | 30,636,688 | $ | 24,939,263 | |||||||||
* Foreign taxes withheld | $ | 992,577 | $ | — | $ | — |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 3,435,716 | $ | 3,558,564 | $ | 131,066 | $ | 381,045 | |||||||||||
Net realized gain (loss) | 9,295,314 | (73,290,060 | ) | 3,243,879 | (24,773,442 | ) | |||||||||||||
Net change in unrealized appreciation or depreciation | 3,895,767 | 80,191,913 | 8,482,012 | 43,943,525 | |||||||||||||||
Increase in net assets resulting from operations | 16,626,797 | 10,460,417 | 11,856,957 | 19,551,128 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (1,099,380 | ) | (1,266,772 | ) | (297,867 | ) | (253,882 | ) | |||||||||||
Class B | (232,057 | ) | (316,335 | ) | — | — | |||||||||||||
Class C | (572,183 | ) | (724,052 | ) | — | — | |||||||||||||
Class I | (173,783 | ) | (48,623 | ) | (4,054 | ) | (766 | ) | |||||||||||
Class O | (380,980 | ) | (355,824 | ) | — | — | |||||||||||||
Class W | (776,958 | ) | (310,735 | ) | (986 | ) | (194 | ) | |||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | — | — | (5,296,232 | ) | ||||||||||||||
Class I | — | — | — | (5,605 | ) | ||||||||||||||
Class W | — | — | — | (1,418 | ) | ||||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | (89,224 | ) | — | — | ||||||||||||||
Class B | — | (31,064 | ) | — | — | ||||||||||||||
Class C | — | (71,099 | ) | — | — | ||||||||||||||
Class I | — | (2,889 | ) | — | — | ||||||||||||||
Class O | — | (25,247 | ) | — | — | ||||||||||||||
Class W | — | (10,305 | ) | — | — | ||||||||||||||
Total distributions | (3,235,341 | ) | (3,252,169 | ) | (302,907 | ) | (5,558,097 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 42,190,089 | 34,686,563 | 17,893,170 | 10,330,214 | |||||||||||||||
Reinvestment of distributions | 2,013,907 | 1,993,528 | 265,592 | 4,970,473 | |||||||||||||||
44,203,996 | 36,680,091 | 18,158,762 | 15,300,687 | ||||||||||||||||
Cost of shares redeemed | (49,087,115 | ) | (54,101,898 | ) | (25,151,505 | ) | (12,664,477 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (4,883,119 | ) | (17,421,807 | ) | (6,992,743 | ) | 2,636,210 | ||||||||||||
Net increase (decrease) in net assets | 8,508,337 | (10,213,559 | ) | 4,561,307 | 16,629,241 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 138,770,386 | 148,983,945 | 100,370,576 | 83,741,335 | |||||||||||||||
End of year | $ | 147,278,723 | $ | 138,770,386 | $ | 104,931,883 | $ | 100,370,576 | |||||||||||
Undistributed (distributions in excess of) net investment income at end of year | $ | 5,700 | $ | 11,181 | $ | (1,181 | ) | $ | 94,442 |
ING Global Real Estate Fund | ING Global Value Choice Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 36,629,428 | $ | 33,848,865 | $ | 973,501 | $ | 467,178 | |||||||||||
Net realized gain (loss) | (57,066,926 | ) | (503,179,773 | ) | 29,566,223 | (11,803,835 | ) | ||||||||||||
Net change in unrealized appreciation or depreciation | 466,607,069 | 688,315,397 | 30,438,831 | 65,867,124 | |||||||||||||||
Increase in net assets resulting from operations | 446,169,571 | 218,984,489 | 60,978,555 | 54,530,467 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (52,577,111 | ) | (15,188,664 | ) | (751,278 | ) | — | ||||||||||||
Class B | (1,269,597 | ) | (421,176 | ) | (18,461 | ) | — | ||||||||||||
Class C | (8,728,497 | ) | (2,475,980 | ) | (160,740 | ) | — | ||||||||||||
Class I | (38,316,201 | ) | (8,166,937 | ) | (97,710 | ) | — | ||||||||||||
Class O | (742,011 | ) | (258,598 | ) | — | — | |||||||||||||
Class Q(1) | — | — | (5,431 | ) | — | ||||||||||||||
Class W | (9,909,852 | ) | (3,115,932 | ) | (17,043 | ) | — | ||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | (865,442 | ) | — | — | ||||||||||||||
Class B | — | (29,080 | ) | — | — | ||||||||||||||
Class C | — | (171,978 | ) | — | — | ||||||||||||||
Class I | — | (327,550 | ) | — | — | ||||||||||||||
Class O | — | (13,443 | ) | — | — | ||||||||||||||
Class W | — | (52,833 | ) | — | — | ||||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | (5,852,941 | ) | — | — | ||||||||||||||
Class B | — | (159,326 | ) | — | — | ||||||||||||||
Class C | — | (909,582 | ) | — | — | ||||||||||||||
Class I | — | (2,604,321 | ) | — | — | ||||||||||||||
Class O | — | (82,691 | ) | — | — | ||||||||||||||
Class W | — | (437,241 | ) | — | — | ||||||||||||||
Total distributions | (111,543,269 | ) | (41,133,715 | ) | (1,050,663 | ) | — | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 1,542,276,839 | 870,249,148 | 376,846,120 | 164,167,759 | |||||||||||||||
Payment from Distribution settlement/ affiliate (Note 17) | — | — | 389,524 | — | |||||||||||||||
Reinvestment of distributions | 90,697,315 | 33,200,656 | 760,106 | — | |||||||||||||||
1,632,974,154 | 903,449,804 | 377,995,750 | 164,167,759 | ||||||||||||||||
Cost of shares redeemed | (759,323,843 | ) | (694,752,679 | ) | (119,767,474 | ) | (115,689,883 | ) | |||||||||||
Net increase in net assets resulting from capital share transactions | 873,650,311 | 208,697,125 | 258,228,276 | 48,477,876 | |||||||||||||||
Net increase in net assets | 1,208,276,613 | 386,547,899 | 318,156,168 | 103,008,343 | |||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 1,688,505,980 | 1,301,958,081 | 176,170,454 | 73,162,111 | |||||||||||||||
End of year | $ | 2,896,782,593 | $ | 1,688,505,980 | $ | 494,326,622 | $ | 176,170,454 | |||||||||||
Undistributed (distributions in excess of) net investment income at end of year | $ | (10,030,598 | ) | $ | (5,402,287 | ) | $ | 8,013,215 | $ | 1,036,069 | |||||||||
(1) | Effective November 20, 2009, Class Q shareholders of ING Global Value Choice Fund were converted to Class W shares of the Fund. |
ING Asia-Pacific Real Estate Fund | ING Emerging Countries Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 70,308 | $ | 71,671 | $ | (279,306 | ) | $ | 295,412 | ||||||||||
Net realized gain (loss) | 85,223 | (3,273,897 | ) | 19,585,960 | (41,421,824 | ) | |||||||||||||
Net change in unrealized appreciation or depreciation | 811,919 | 3,791,308 | 10,439,846 | 85,926,451 | |||||||||||||||
Increase in net assets resulting from operations | 967,450 | 589,082 | 29,746,500 | 44,800,039 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (362,012 | ) | (64,634 | ) | — | (1,746,630 | ) | ||||||||||||
Class B | (2,641 | ) | (353 | ) | — | (42,502 | ) | ||||||||||||
Class C | (95,640 | ) | (12,255 | ) | — | (203,409 | ) | ||||||||||||
Class I | (115 | ) | (13 | ) | — | (725,836 | ) | ||||||||||||
Class Q(1) | — | — | — | (146,524 | ) | ||||||||||||||
Class W | — | — | — | (998 | ) | ||||||||||||||
Total distributions | (460,408 | ) | (77,255 | ) | — | (2,865,899 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 2,864,117 | 993,978 | 74,363,135 | 29,894,212 | |||||||||||||||
Payment from Distribution settlement/ affiliate (Note 17) | — | — | — | 1,400,280 | |||||||||||||||
Reinvestment of distributions | 50,977 | 7,495 | — | 2,564,649 | |||||||||||||||
2,915,094 | 1,001,473 | 74,363,135 | 33,859,141 | ||||||||||||||||
Cost of shares redeemed | (1,716,589 | ) | (3,771,209 | ) | (57,366,562 | ) | (40,483,488 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 1,198,505 | (2,769,736 | ) | 16,996,573 | (6,624,347 | ) | |||||||||||||
Net increase (decrease) in net assets | 1,705,547 | (2,257,909 | ) | 46,743,073 | 35,309,793 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 4,437,278 | 6,695,187 | 137,998,489 | 102,688,696 | |||||||||||||||
End of year | $ | 6,142,825 | $ | 4,437,278 | $ | 184,741,562 | $ | 137,998,489 | |||||||||||
Undistributed net investment income at end of year | $ | 370,273 | $ | 337,370 | $ | 655 | $ | — | |||||||||||
(1) | Effective March 8, 2010, Class Q shareholders of ING Emerging Countries Fund were converted to Class W shares of the Fund. |
ING European Real Estate Fund | ING Global Opportunities Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 49,974 | $ | 78,704 | $ | 392,350 | $ | 2,433,639 | |||||||||||
Net realized gain (loss) | (90,069 | ) | (1,152,836 | ) | 34,377,727 | (50,146,128 | ) | ||||||||||||
Net change in unrealized appreciation or depreciation | 483,478 | 2,231,676 | (23,110,637 | ) | 71,640,409 | ||||||||||||||
Increase in net assets resulting from operations | 443,383 | 1,157,544 | 11,659,440 | 23,927,920 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (393,226 | ) | (181,768 | ) | — | (4,924,315 | ) | ||||||||||||
Class B | (8,991 | ) | (671 | ) | — | (461,405 | ) | ||||||||||||
Class C | (5,614 | ) | (2,381 | ) | — | (2,720,389 | ) | ||||||||||||
Class I | (1,509 | ) | (32 | ) | — | (3,274,378 | ) | ||||||||||||
Class Q(1) | — | — | — | (675 | ) | ||||||||||||||
Class W | — | — | — | (13,885 | ) | ||||||||||||||
Total distributions | (409,340 | ) | (184,852 | ) | — | (11,395,047 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 845,050 | 2,521,942 | 23,504,697 | 45,668,879 | |||||||||||||||
Reinvestment of distributions | 90,274 | 26,992 | — | 8,751,093 | |||||||||||||||
935,324 | 2,548,934 | 23,504,697 | 54,419,972 | ||||||||||||||||
Cost of shares redeemed | (3,007,669 | ) | (240,480 | ) | (160,748,061 | ) | (157,258,780 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (2,072,345 | ) | 2,308,454 | (137,243,364 | ) | (102,838,808 | ) | ||||||||||||
Net increase (decrease) in net assets | (2,038,302 | ) | 3,281,146 | (125,583,924 | ) | (90,305,935 | ) | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 6,496,764 | 3,215,618 | 250,427,873 | 340,733,808 | |||||||||||||||
End of year | $ | 4,458,462 | $ | 6,496,764 | $ | 124,843,949 | $ | 250,427,873 | |||||||||||
Undistributed net investment income at end of year | $ | 156,327 | $ | 288,525 | $ | 2,211,837 | $ | 532,896 | |||||||||||
(1) | Effective November 20, 2009, Class Q shareholders of ING Global Opportunities Fund were converted to Class W shares of the Fund. |
ING Greater China Fund | ING Index Plus International Equity Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 79,602 | $ | 150,182 | $ | 2,073,406 | $ | 2,711,738 | |||||||||||
Net realized gain (loss) | 3,911,260 | (6,183,150 | ) | 5,432,248 | (46,411,839 | ) | |||||||||||||
Net change in unrealized appreciation or depreciation | 2,259,255 | 22,037,965 | 8,811,031 | 67,294,623 | |||||||||||||||
Increase in net assets resulting from operations | 6,250,117 | 16,004,997 | 16,316,685 | 23,594,522 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (506,388 | ) | (80,583 | ) | (169,055 | ) | (337,810 | ) | |||||||||||
Class B | (27,549 | ) | (6,660 | ) | (11,703 | ) | (28,973 | ) | |||||||||||
Class C | (72,785 | ) | (8,156 | ) | (16,513 | ) | (31,419 | ) | |||||||||||
Class I | (13,810 | ) | (235 | ) | (1,026,008 | ) | (2,734,906 | ) | |||||||||||
Class O | (55,680 | ) | (1,283 | ) | (889,985 | ) | (1,555,036 | ) | |||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | (1,583,601 | ) | — | — | ||||||||||||||
Class B | — | (135,431 | ) | — | — | ||||||||||||||
Class C | — | (166,482 | ) | — | — | ||||||||||||||
Class I | — | (4,563 | ) | — | — | ||||||||||||||
Class O | — | (24,941 | ) | — | — | ||||||||||||||
Total distributions | (676,212 | ) | (2,011,935 | ) | (2,113,264 | ) | (4,688,144 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 15,613,491 | 28,491,821 | 51,021,784 | 16,412,648 | |||||||||||||||
Payments from Distribution settlement/ affiliate (Note 17) | — | — | 14,363 | 497,810 | |||||||||||||||
Reinvestment of distributions | 551,175 | 1,500,221 | 1,254,275 | 3,297,835 | |||||||||||||||
16,164,666 | 29,992,042 | 52,290,422 | 20,208,293 | ||||||||||||||||
Cost of shares redeemed | (22,447,403 | ) | (23,362,569 | ) | (38,109,545 | ) | (37,853,048 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (6,282,737 | ) | 6,629,473 | 14,180,877 | (17,644,755 | ) | |||||||||||||
Net increase (decrease) in net assets | (708,832 | ) | 20,622,535 | 28,384,298 | 1,261,623 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 45,943,135 | 25,320,600 | 109,966,437 | 108,704,814 | |||||||||||||||
End of year | $ | 45,234,303 | $ | 45,943,135 | $ | 138,350,735 | $ | 109,966,437 | |||||||||||
Undistributed net investment income at end of year | $ | 456,008 | $ | 675,252 | $ | 1,932,025 | $ | 1,980,573 |
ING International Capital Appreciation Fund | ING International Real Estate Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 604,292 | $ | 534,798 | $ | 10,587,951 | $ | 11,398,195 | |||||||||||
Net realized gain (loss) | 6,952,425 | (24,748,005 | ) | (25,939,550 | ) | (174,595,021 | ) | ||||||||||||
Net change in unrealized appreciation or depreciation | 4,654,819 | 42,982,950 | 83,023,827 | 274,383,100 | |||||||||||||||
Increase in net assets resulting from operations | 12,211,536 | 18,769,743 | 67,672,228 | 111,186,274 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | — | (27,773 | ) | (10,206,548 | ) | (1,805,423 | ) | ||||||||||||
Class B | — | (2,107 | ) | (247,391 | ) | (56,721 | ) | ||||||||||||
Class C | — | (645 | ) | (1,741,535 | ) | (397,980 | ) | ||||||||||||
Class I | — | (1,471,342 | ) | (28,888,201 | ) | (8,854,996 | ) | ||||||||||||
Class W | — | — | (197,296 | ) | (22,546 | ) | |||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | (1,123 | ) | — | — | ||||||||||||||
Class B | — | (174 | ) | — | — | ||||||||||||||
Class C | — | (277 | ) | — | — | ||||||||||||||
Class I | — | (34,524 | ) | — | — | ||||||||||||||
Total distributions | — | (1,537,965 | ) | (41,280,971 | ) | (11,137,666 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 25,162,278 | 13,295,441 | 240,789,962 | 244,320,032 | |||||||||||||||
Proceeds from shares issued in merger (Note 12) | — | 54,440,262 | — | — | |||||||||||||||
Payment from Distribution settlement/ affiliate (Note 17) | 17,464 | — | — | — | |||||||||||||||
Reinvestment of distributions | — | 1,520,985 | 16,644,023 | 4,243,297 | |||||||||||||||
25,179,742 | 69,256,688 | 257,433,985 | 248,563,329 | ||||||||||||||||
Cost of shares redeemed | (42,618,091 | ) | (27,912,810 | ) | (180,122,321 | ) | (232,704,593 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (17,438,349 | ) | 41,343,878 | 77,311,664 | 15,858,736 | ||||||||||||||
Net increase (decrease) in net assets | (5,226,813 | ) | 58,575,656 | 103,702,921 | 115,907,344 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 108,737,372 | 50,161,716 | 536,728,771 | 420,821,427 | |||||||||||||||
End of year | $ | 103,510,559 | $ | 108,737,372 | $ | 640,431,692 | $ | 536,728,771 | |||||||||||
Undistributed net investment income at end of year | $ | 551,666 | $ | 1,452 | $ | 21,444,431 | $ | 31,518,711 |
ING International SmallCap Multi-Manager Fund | ING International Value Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 2,716,015 | $ | 3,451,120 | $ | 24,236,719 | $ | 21,719,914 | |||||||||||
Net realized gain (loss) | 33,364,816 | (201,552,375 | ) | (67,022,980 | ) | (789,089,768 | ) | ||||||||||||
Net change in unrealized appreciation or depreciation | 42,545,269 | 321,977,593 | 109,889,727 | 1,071,761,382 | |||||||||||||||
Increase in net assets resulting from operations | 78,626,100 | 123,876,338 | 67,103,466 | 304,391,528 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (2,214,496 | ) | (4,710,212 | ) | (10,943,798 | ) | (29,625,296 | ) | |||||||||||
Class B | (27,325 | ) | (75,770 | ) | (133,023 | ) | (1,344,909 | ) | |||||||||||
Class C | (246,685 | ) | (548,565 | ) | (2,639,332 | ) | (7,248,733 | ) | |||||||||||
Class I | (2,893,717 | ) | (4,347,655 | ) | (11,909,194 | ) | (27,711,835 | ) | |||||||||||
Class O | (9,289 | ) | (3,592 | ) | — | — | |||||||||||||
Class Q(1) | (284,494 | ) | (1,075,645 | ) | (415,057 | ) | (477,615 | ) | |||||||||||
Class W | (288,761 | ) | (349,538 | ) | (75,790 | ) | — | ||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | — | — | — | (127,294,102 | ) | ||||||||||||||
Class B | — | — | — | (11,916,381 | ) | ||||||||||||||
Class C | — | — | — | (46,020,354 | ) | ||||||||||||||
Class I | — | — | — | (100,409,222 | ) | ||||||||||||||
Class Q(1) | — | — | — | (1,708,325 | ) | ||||||||||||||
Total distributions | (5,964,767 | ) | (11,110,977 | ) | (26,116,194 | ) | (353,756,772 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 109,000,144 | 113,096,459 | 176,559,300 | 392,893,693 | |||||||||||||||
Payments from Distribution settlement/affiliate (Note 17) | 1,034,530 | 2,661,920 | 2,544,969 | 955,441 | |||||||||||||||
Reinvestment of distributions | 3,818,283 | 7,610,077 | 19,300,834 | 252,944,813 | |||||||||||||||
113,852,957 | 123,368,456 | 198,405,103 | 646,793,947 | ||||||||||||||||
Cost of shares redeemed | (178,117,169 | ) | (204,983,628 | ) | (676,759,545 | ) | (1,015,622,982 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (64,264,212 | ) | (81,615,172 | ) | (478,354,442 | ) | (368,829,035 | ) | |||||||||||
Net increase (decrease) in net assets | 8,397,121 | 31,150,189 | (437,367,170 | ) | (418,194,279 | ) | |||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 426,781,607 | 395,631,418 | 1,673,917,302 | 2,092,111,581 | |||||||||||||||
End of year | $ | 435,178,728 | $ | 426,781,607 | $ | 1,236,550,132 | $ | 1,673,917,302 | |||||||||||
Undistributed net investment income at end of year | $ | 2,619,329 | $ | 5,637,485 | $ | 23,170,317 | $ | 26,247,882 | |||||||||||
(1) | Effective November 20, 2009, Class Q shareholders of ING International SmallCap Multi-Manager Fund and ING International Value Fund were converted to Class W shares of each respective Fund. |
ING International Value Choice Fund | ING Russia Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 471,083 | $ | 450,516 | $ | (3,970,449 | ) | $ | (2,451,035 | ) | |||||||||
Net realized gain (loss) | 267,607 | (15,188,954 | ) | (28,250,872 | ) | (71,104,475 | ) | ||||||||||||
Net change in unrealized appreciation or depreciation | 5,286,894 | 25,168,195 | 115,182,951 | 211,233,042 | |||||||||||||||
Increase in net assets resulting from operations | 6,025,584 | 10,429,757 | 82,961,630 | 137,677,532 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (131,060 | ) | (87,098 | ) | — | — | |||||||||||||
Class B | (1,702 | ) | (498 | ) | — | — | |||||||||||||
Class C | (4,059 | ) | (897 | ) | — | — | |||||||||||||
Class I | (227,476 | ) | (532,022 | ) | — | — | |||||||||||||
Class W | (27 | ) | — | — | — | ||||||||||||||
Net realized gains | — | — | — | (82,435,965 | ) | ||||||||||||||
Total distributions | (364,324 | ) | (620,515 | ) | — | (82,435,965 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 22,686,014 | 14,285,055 | 71,709,252 | 64,172,973 | |||||||||||||||
Reinvestment of distributions | 350,219 | 611,830 | — | 71,291,248 | |||||||||||||||
23,036,233 | 14,896,885 | 71,709,252 | 135,464,221 | ||||||||||||||||
Redemption fee proceeds | — | — | 374,780 | 262,776 | |||||||||||||||
Cost of shares redeemed | (31,051,386 | ) | (24,592,282 | ) | (101,984,599 | ) | (78,843,963 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (8,015,153 | ) | (9,695,397 | ) | (29,900,567 | ) | 56,883,034 | ||||||||||||
Net increase (decrease) in net assets | (2,353,893 | ) | 113,845 | 53,061,063 | 112,124,601 | ||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 49,148,094 | 49,034,249 | 373,251,970 | 261,127,369 | |||||||||||||||
End of year | $ | 46,794,201 | $ | 49,148,094 | $ | 426,313,033 | $ | 373,251,970 | |||||||||||
Undistributed net investment income at end of year | $ | 387,496 | $ | 313,098 | $ | — | $ | — |
ING Global Bond Fund | ING Diversified International Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year Ended October 31, 2010 | Year Ended October 31, 2009 | Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 18,339,354 | $ | 6,169,713 | $ | 927,344 | $ | 6,840,965 | |||||||||||
Net realized gain (loss) | 5,162,548 | 7,334,843 | (29,774,620 | ) | (111,148,949 | ) | |||||||||||||
Net change in unrealized appreciation or depreciation | 7,134,786 | 27,036,801 | 53,786,539 | 153,259,480 | |||||||||||||||
Increase in net assets resulting from operations | 30,636,688 | 40,541,357 | 24,939,263 | 48,951,496 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (8,503,345 | ) | (1,002,341 | ) | (846,171 | ) | (16,890,294 | ) | |||||||||||
Class B | (249,779 | ) | (48,083 | ) | (896 | ) | (2,007,249 | ) | |||||||||||
Class C | (3,217,253 | ) | (369,590 | ) | — | (7,933,560 | ) | ||||||||||||
Class I | (10,213,440 | ) | (2,185,382 | ) | (29,093 | ) | (585,985 | ) | |||||||||||
Class O | (214,190 | ) | (39,407 | ) | (20,511 | ) | (33,579 | ) | |||||||||||
Class R | — | — | (977 | ) | (21,054 | ) | |||||||||||||
Class W | (318,477 | ) | (6,692 | ) | (29,696 | ) | (182,219 | ) | |||||||||||
Net realized gains: | |||||||||||||||||||
Class A | (516,361 | ) | (1,641,363 | ) | — | — | |||||||||||||
Class B | (18,877 | ) | (99,095 | ) | — | — | |||||||||||||
Class C | (213,755 | ) | (709,315 | ) | — | — | |||||||||||||
Class I | (548,181 | ) | (7,774 | ) | — | — | |||||||||||||
Class O | (14,374 | ) | (6,537 | ) | — | — | |||||||||||||
Class W | (13,604 | ) | — | — | — | ||||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | — | (200,627 | ) | — | ||||||||||||||
Class B | — | — | (25,512 | ) | — | ||||||||||||||
Class C | — | — | (57,030 | ) | — | ||||||||||||||
Class I | — | — | (4,115 | ) | — | ||||||||||||||
Class O | — | — | (2,799 | ) | — | ||||||||||||||
Class R | — | — | (256 | ) | — | ||||||||||||||
Class W | — | — | (3,548 | ) | — | ||||||||||||||
Total distributions | (24,041,636 | ) | (6,115,579 | ) | (1,221,231 | ) | (27,653,940 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 383,281,955 | 230,053,379 | 30,343,239 | 36,087,099 | |||||||||||||||
Reinvestment of distributions | 20,137,963 | 4,998,292 | 996,905 | 21,285,904 | |||||||||||||||
403,419,918 | 235,051,671 | 31,340,144 | 57,373,003 | ||||||||||||||||
Cost of shares redeemed | (178,206,588 | ) | (87,745,529 | ) | (91,798,664 | ) | (117,220,417 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 225,213,330 | 147,306,142 | (60,458,520 | ) | (59,847,414 | ) | |||||||||||||
Net increase (decrease) in net assets | 231,808,382 | 181,731,920 | (36,740,488 | ) | (38,549,858 | ) | |||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year | 295,001,444 | 113,269,524 | 229,578,725 | 268,128,583 | |||||||||||||||
End of year | $ | 526,809,826 | $ | 295,001,444 | $ | 192,838,237 | $ | 229,578,725 | |||||||||||
Undistributed net investment income at end of year | $ | 5,166,181 | $ | 7,124,031 | $ | — | $ | — |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Global Equity Dividend Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.41 | 0.26 | • | 0.89 | 1.15 | 0.25 | — | — | 0.25 | — | — | 10.31 | 12.46 | 1.38 | 1.40 | 1.40 | 2.65 | 42,502 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.77 | 0.26 | • | 0.62 | 0.88 | 0.22 | — | 0.02 | 0.24 | — | — | 9.41 | 10.41 | 1.54 | 1.40 | 1.40 | 3.24 | 46,871 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 16.84 | 0.56 | (6.84 | ) | (6.28 | ) | 0.54 | 1.20 | 0.05 | 1.79 | — | — | 8.77 | (40.84 | ) | 1.42 | 1.41 | 1.41 | 3.85 | 63,134 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 15.76 | 0.54 | • | 1.84 | 2.38 | 0.55 | 0.75 | — | 1.30 | — | — | 16.84 | 15.80 | 1.26 | 1.26 | 1.26 | 3.31 | 182,669 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 13.07 | 0.54 | 2.85 | 3.39 | 0.51 | 0.19 | — | 0.70 | — | — | 15.76 | 26.56 | 1.27 | 1.33 | 1.33 | 3.76 | 108,911 | 50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.38 | 0.19 | • | 0.88 | 1.07 | 0.17 | — | — | 0.17 | — | — | 10.28 | 11.62 | 2.13 | 2.15 | 2.15 | 1.91 | 11,212 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.74 | 0.21 | 0.61 | 0.82 | 0.16 | — | 0.02 | 0.18 | — | — | 9.38 | 9.60 | 2.29 | 2.15 | 2.15 | 2.48 | 16,147 | 93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 16.79 | 0.46 | (6.82 | ) | (6.36 | ) | 0.44 | 1.20 | 0.05 | 1.69 | — | — | 8.74 | (41.32 | ) | 2.17 | 2.16 | 2.16 | 3.11 | 21,311 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 15.72 | 0.39 | 1.86 | 2.25 | 0.43 | 0.75 | — | 1.18 | — | — | 16.79 | 14.94 | 2.01 | 2.01 | 2.01 | 2.53 | 58,093 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 13.05 | 0.43 | 2.84 | 3.27 | 0.41 | 0.19 | — | 0.60 | — | — | 15.72 | 25.55 | 2.02 | 2.08 | 2.08 | 3.05 | 44,936 | 50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.36 | 0.19 | • | 0.89 | 1.08 | 0.18 | — | — | 0.18 | — | — | 10.26 | 11.66 | 2.13 | 2.15 | 2.15 | 1.92 | 28,635 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.72 | 0.21 | 0.61 | 0.82 | 0.16 | — | 0.02 | 0.18 | — | — | 9.36 | 9.63 | 2.29 | 2.15 | 2.15 | 2.48 | 37,687 | 93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 16.75 | 0.44 | (6.78 | ) | (6.34 | ) | 0.44 | 1.20 | 0.05 | 1.69 | — | — | 8.72 | (41.29 | ) | 2.17 | 2.16 | 2.16 | 3.13 | 48,567 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 15.69 | 0.39 | 1.86 | 2.25 | 0.44 | 0.75 | — | 1.19 | — | — | 16.75 | 14.94 | 2.01 | 2.01 | 2.01 | 2.54 | 124,765 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 13.02 | 0.43 | 2.84 | 3.27 | 0.41 | 0.19 | — | 0.60 | — | — | 15.69 | 25.62 | 2.02 | 2.08 | 2.08 | 3.03 | 77,426 | 50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.42 | 0.27 | • | 0.92 | 1.19 | 0.29 | — | — | 0.29 | — | — | 10.32 | 12.90 | 0.99 | 1.01 | 1.01 | 2.80 | 12,390 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.78 | 0.29 | • | 0.63 | 0.92 | 0.26 | — | 0.02 | 0.28 | — | — | 9.42 | 10.92 | 1.07 | 0.93 | 0.93 | 3.61 | 1,824 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 16.83 | 0.47 | (6.68 | ) | (6.21 | ) | 0.59 | 1.20 | 0.05 | 1.84 | — | — | 8.78 | (40.49 | ) | 1.07 | 1.06 | 1.06 | 3.16 | 1,207 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-01-07(4)–10-31-07 | 15.81 | 0.12 | • | 1.03 | 1.15 | 0.13 | — | — | 0.13 | — | — | 16.83 | 7.26 | 0.90 | 0.90 | 0.90 | 2.98 | 1 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.40 | 0.26 | • | 0.89 | 1.15 | 0.26 | — | — | 0.26 | — | — | 10.29 | 12.41 | 1.38 | 1.40 | 1.40 | 2.65 | 14,721 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.76 | 0.26 | • | 0.62 | 0.88 | 0.22 | — | 0.02 | 0.24 | — | — | 9.40 | 10.41 | 1.54 | 1.40 | 1.40 | 3.18 | 14,920 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 16.83 | 0.51 | • | (6.78 | ) | (6.27 | ) | 0.55 | 1.20 | 0.05 | 1.80 | — | — | 8.76 | (40.83 | ) | 1.42 | 1.41 | 1.41 | 3.95 | 14,695 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-15-06(4)–10-31-07 | 15.86 | 0.55 | • | 1.74 | 2.29 | 0.57 | 0.75 | — | 1.32 | — | — | 16.83 | 15.12 | 1.26 | 1.26 | 1.26 | 3.46 | 23,737 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 10.25 | 0.31 | • | 0.98 | 1.29 | 0.28 | — | — | 0.28 | — | — | 11.26 | 12.79 | 1.13 | 1.15 | 1.15 | 2.87 | 37,819 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.53 | 0.26 | • | 0.74 | 1.00 | 0.26 | — | 0.02 | 0.28 | — | — | 10.25 | 10.92 | 1.07 | 0.93 | 0.93 | 2.68 | 21,321 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 14.51 | 0.35 | (4.83 | ) | (4.48 | ) | 0.46 | — | 0.04 | 0.50 | — | — | 9.53 | (31.78 | ) | 1.07 | 1.06 | 1.06 | 3.38 | 70 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ING Global Natural Resources Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.82 | 0.01 | 1.00 | 1.01 | 0.02 | — | — | 0.02 | — | — | 8.81 | 12.99 | 1.53 | 1.53 | † | 1.53 | † | 0.11 | † | 101,577 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.74 | 0.03 | 1.50 | 1.53 | 0.02 | 0.43 | — | 0.45 | — | — | 7.82 | 24.38 | 1.64 | 1.64 | † | 1.64 | † | 0.45 | † | 99,674 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.18 | 0.05 | (4.92 | ) | (4.87 | ) | 0.11 | 2.46 | — | 2.57 | — | — | 6.74 | (41.12 | ) | 1.46 | 1.46 | † | 1.46 | † | 0.37 | † | 83,713 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 10.46 | (0.03 | ) | 4.36 | 4.33 | 0.26 | 0.35 | — | 0.61 | — | — | 14.18 | 43.22 | 1.44 | 1.44 | † | 1.44 | † | (0.28 | )† | 157,367 | 121 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 7.34 | (0.06 | ) | 3.20 | 3.14 | 0.02 | — | — | 0.02 | — | — | 10.46 | 42.76 | 1.42 | 1.42 | 1.42 | (0.61 | ) | 121,112 | 158 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.83 | 0.04 | • | 1.01 | 1.05 | 0.06 | — | — | 0.06 | — | — | 8.82 | 13.43 | 1.11 | 1.11 | † | 1.11 | † | 0.52 | † | 2,977 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.75 | 0.05 | • | 1.52 | 1.57 | 0.06 | 0.43 | — | 0.49 | — | — | 7.83 | 25.10 | 1.19 | 1.19 | † | 1.19 | † | 0.68 | † | 510 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.19 | 0.12 | • | (4.95 | ) | (4.83 | ) | 0.15 | 2.46 | — | 2.61 | — | — | 6.75 | (40.87 | ) | 1.11 | 1.11 | † | 1.11 | † | 1.04 | † | 1 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
08-01-07(4)–10-31-07 | 12.07 | 0.00 | * | 2.12 | 2.12 | — | — | — | — | — | — | 14.19 | 17.56 | 1.08 | 1.08 | † | 1.08 | † | 0.09 | † | 2 | 121 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.86 | 0.05 | 1.24 | 1.29 | 0.05 | — | — | 0.05 | — | — | 11.10 | 13.17 | 1.28 | 1.28 | † | 1.28 | † | 0.36 | † | 378 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 8.39 | 0.05 | • | 1.91 | 1.96 | 0.06 | 0.43 | — | 0.49 | — | — | 9.86 | 24.84 | 1.19 | 1.19 | † | 1.19 | † | 0.64 | † | 186 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 12.84 | 0.03 | • | (4.48 | ) | (4.45 | ) | — | — | — | — | — | — | 8.39 | (34.66 | ) | 1.11 | 1.11 | † | 1.11 | † | 0.38 | † | 27 | 116 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Global Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.26 | 0.23 | • | 2.55 | 2.78 | 0.79 | — | — | 0.79 | — | — | 16.25 | 20.20 | 1.39 | 1.39 | † | 1.39 | † | 1.58 | † | 1,179,941 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 12.56 | 0.32 | • | 1.75 | 2.07 | 0.27 | 0.01 | 0.09 | 0.37 | — | — | 14.26 | 17.37 | 1.49 | 1.49 | † | 1.49 | † | 2.74 | † | 893,470 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.19 | 0.33 | • | (11.19 | ) | (10.86 | ) | 0.73 | 0.04 | — | 0.77 | — | — | 12.56 | (46.00 | ) | 1.41 | 1.41 | † | 1.41 | † | 1.76 | † | 836,314 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 22.23 | 0.22 | • | 3.13 | 3.35 | 1.08 | 0.31 | — | 1.39 | — | — | 24.19 | 15.44 | 1.30 | 1.30 | 1.30 | 0.96 | 1,115,493 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 17.14 | 0.20 | • | 6.41 | 6.61 | 0.46 | 1.06 | — | 1.52 | — | — | 22.23 | 41.09 | 1.39 | 1.39 | 1.39 | 1.04 | 467,405 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.01 | 0.11 | • | 2.13 | 2.24 | 0.71 | — | — | 0.71 | — | — | 13.54 | 19.33 | 2.14 | 2.14 | † | 2.14 | † | 0.88 | † | 20,350 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.66 | 0.20 | • | 1.46 | 1.66 | 0.22 | 0.01 | 0.08 | 0.31 | — | — | 12.01 | 16.39 | 2.24 | 2.24 | † | 2.24 | † | 2.06 | † | 22,218 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 20.67 | 0.16 | • | (9.52 | ) | (9.36 | ) | 0.61 | 0.04 | — | 0.65 | — | — | 10.66 | (46.40 | ) | 2.16 | 2.16 | † | 2.16 | † | 0.99 | † | 23,663 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 19.20 | 0.04 | • | 2.69 | 2.73 | 0.95 | 0.31 | — | 1.26 | — | — | 20.67 | 14.59 | 2.05 | 2.05 | 2.05 | 0.22 | 57,837 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 15.01 | 0.05 | • | 5.56 | 5.61 | 0.36 | 1.06 | — | 1.42 | — | — | 19.20 | 40.04 | 2.14 | 2.14 | 2.14 | 0.31 | 31,677 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.67 | 0.11 | • | 2.26 | 2.37 | 0.71 | — | — | 0.71 | — | — | 14.33 | 19.33 | 2.14 | 2.14 | † | 2.14 | † | 0.83 | † | 201,027 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.22 | 0.21 | • | 1.54 | 1.75 | 0.22 | 0.01 | 0.07 | 0.30 | — | — | 12.67 | 16.40 | 2.24 | 2.24 | † | 2.24 | † | 2.03 | † | 149,943 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 21.70 | 0.16 | (9.99 | ) | (9.83 | ) | 0.61 | 0.04 | — | 0.65 | — | — | 11.22 | (46.38 | ) | 2.16 | 2.16 | † | 2.16 | † | 0.99 | † | 153,110 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 20.10 | 0.04 | • | 2.82 | 2.86 | 0.95 | 0.31 | — | 1.26 | — | — | 21.70 | 14.57 | 2.05 | 2.05 | 2.05 | 0.20 | 303,235 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 15.65 | 0.05 | • | 5.82 | 5.87 | 0.36 | 1.06 | — | 1.42 | — | — | 20.10 | 40.06 | 2.14 | 2.14 | 2.14 | 0.29 | 109,197 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.26 | 0.28 | • | 2.56 | 2.84 | 0.85 | — | — | 0.85 | — | — | 16.25 | 20.65 | 0.99 | 0.99 | † | 0.99 | † | 1.89 | † | 1,232,413 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 12.57 | 0.35 | • | 1.76 | 2.11 | 0.30 | 0.01 | 0.11 | 0.42 | — | — | 14.26 | 17.76 | 1.12 | 1.12 | † | 1.12 | † | 2.96 | † | 457,742 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.21 | 0.38 | • | (11.17 | ) | (10.79 | ) | 0.81 | 0.04 | — | 0.85 | — | — | 12.57 | (45.77 | ) | 1.01 | 1.01 | † | 1.01 | † | 2.12 | † | 225,881 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 22.23 | 0.28 | • | 3.16 | 3.44 | 1.15 | 0.31 | — | 1.46 | — | — | 24.21 | 15.88 | 0.95 | 0.95 | 0.95 | 1.24 | 76,869 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 17.14 | 0.28 | • | 6.39 | 6.67 | 0.52 | 1.06 | — | 1.58 | — | — | 22.23 | 41.49 | 1.06 | 1.06 | 1.06 | 1.40 | 11,226 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.26 | 0.24 | • | 2.54 | 2.78 | 0.79 | — | — | 0.79 | — | — | 16.25 | 20.19 | 1.39 | 1.39 | † | 1.39 | † | 1.61 | † | 14,861 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 12.55 | 0.32 | • | 1.76 | 2.08 | 0.27 | 0.01 | 0.09 | 0.37 | — | — | 14.26 | 17.38 | 1.49 | 1.49 | † | 1.49 | † | 2.76 | † | 13,575 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.19 | 0.33 | • | (11.19 | ) | (10.86 | ) | 0.74 | 0.04 | — | 0.78 | — | — | 12.55 | (46.03 | ) | 1.41 | 1.41 | † | 1.41 | † | 1.74 | † | 12,758 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||
11-15-06(4)–10-31-07 | 22.20 | 0.20 | • | 3.20 | 3.40 | 1.10 | 0.31 | — | 1.41 | — | — | 24.19 | 15.68 | 1.30 | 1.30 | 1.30 | 0.90 | 26,137 | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.28 | 0.27 | • | 2.56 | 2.83 | 0.83 | — | — | 0.83 | — | — | 16.28 | 20.52 | 1.14 | 1.14 | † | 1.14 | † | 1.81 | † | 248,192 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 12.59 | 0.34 | • | 1.78 | 2.12 | 0.31 | 0.01 | 0.11 | 0.43 | — | — | 14.28 | 17.78 | 1.12 | 1.12 | † | 1.12 | † | 2.88 | † | 151,558 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 19.29 | 0.28 | (6.65 | ) | (6.37 | ) | 0.33 | — | — | 0.33 | — | — | 12.59 | (33.53 | ) | 1.01 | 1.01 | † | 1.01 | † | 1.95 | † | 50,233 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
ING Global Value Choice Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.25 | 0.10 | 5.61 | 5.71 | 0.17 | — | — | 0.17 | 0.04 | — | 31.83 | 21.97 | (b) | 1.50 | 1.49 | 1.48 | 0.44 | 200,835 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.84 | 0.12 | • | 9.29 | 9.41 | — | — | — | — | — | — | 26.25 | 55.88 | 1.58 | 1.50 | † | 1.49 | † | 0.56 | † | 107,499 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 28.40 | 0.11 | (11.51 | ) | (11.40 | ) | 0.16 | — | — | 0.16 | — | — | 16.84 | (40.34 | ) | 1.62 | 1.55 | † | 1.53 | † | 0.41 | † | 38,258 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 21.72 | 0.01 | 6.67 | 6.68 | — | — | — | — | — | — | 28.40 | 30.76 | 1.77 | 1.82 | 1.81 | 0.04 | 58,600 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 18.16 | 0.08 | 3.62 | 3.70 | 0.14 | — | — | 0.14 | — | — | 21.72 | 20.48 | 1.78 | 1.78 | 1.77 | 0.40 | 47,305 | 77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 28.00 | (0.11 | ) | 5.96 | 5.85 | 0.07 | — | — | 0.07 | 0.04 | — | 33.82 | 21.07 | (b) | 2.25 | 2.24 | 2.23 | (0.34 | ) | 7,557 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 18.10 | (0.05 | ) | 9.95 | 9.90 | — | — | — | — | — | — | 28.00 | 54.70 | 2.33 | 2.25 | † | 2.24 | † | (0.19 | )† | 7,105 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 30.58 | (0.11 | )• | (12.37 | ) | (12.48 | ) | — | — | — | — | — | — | 18.10 | (40.81 | ) | 2.37 | 2.30 | † | 2.28 | † | (0.39 | )† | 6,722 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 23.54 | (0.17 | )• | 7.21 | 7.04 | — | — | — | — | — | — | 30.58 | 29.91 | 2.42 | 2.47 | 2.46 | (0.62 | ) | 22,049 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 19.67 | (0.04 | ) | 3.91 | 3.87 | — | — | — | — | — | — | 23.54 | 19.67 | 2.43 | 2.43 | 2.42 | (0.25 | ) | 21,364 | 77 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Global Value Choice Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 24.88 | (0.09 | )• | 5.28 | 5.19 | 0.08 | — | — | 0.08 | 0.04 | — | 30.03 | 21.04 | (b) | 2.25 | 2.24 | 2.23 | (0.33 | ) | 103,709 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.08 | (0.05 | ) | 8.85 | 8.80 | — | — | — | — | — | — | 24.88 | 54.73 | 2.33 | 2.25 | † | 2.24 | † | (0.30 | )† | 48,308 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 27.18 | (0.09 | ) | (10.99 | ) | (11.08 | ) | 0.02 | — | — | 0.02 | — | — | 16.08 | (40.79 | ) | 2.37 | 2.30 | † | 2.28 | † | (0.36 | )† | 21,045 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 20.93 | (0.14 | )• | 6.39 | 6.25 | — | — | — | — | — | — | 27.18 | 29.86 | 2.42 | 2.47 | 2.46 | (0.60 | ) | 39,537 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 17.50 | (0.05 | ) | 3.50 | 3.45 | 0.02 | — | — | 0.02 | — | — | 20.93 | 19.73 | 2.43 | 2.43 | 2.42 | (0.26 | ) | 31,612 | 77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.46 | 0.25 | • | 5.63 | 5.88 | 0.24 | — | — | 0.24 | 0.04 | — | 32.14 | 22.49 | (b) | 1.12 | 1.11 | 1.10 | 0.84 | 152,120 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.92 | 0.18 | • | 9.36 | 9.54 | — | — | — | — | — | — | 26.46 | 56.38 | 1.18 | 1.17 | † | 1.16 | † | 0.82 | † | 10,388 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 28.57 | 0.22 | (11.59 | ) | (11.37 | ) | 0.28 | — | — | 0.28 | — | — | 16.92 | (40.13 | ) | 1.22 | 1.22 | † | 1.20 | † | 0.76 | † | 5,794 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 21.73 | 0.15 | 6.69 | 6.84 | — | — | — | — | — | — | 28.57 | 31.48 | 1.25 | 1.30 | 1.29 | 0.67 | 7,845 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
09-06-06(4)–10-31-06 | 21.31 | (0.11 | ) | 0.53 | 0.42 | — | — | — | — | — | — | 21.73 | 1.97 | 1.27 | 1.26 | 1.26 | (0.69 | ) | 3,010 | 77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.46 | 0.21 | • | 5.60 | 5.81 | 0.24 | — | — | 0.24 | 0.04 | — | 32.07 | 22.23 | (b) | 1.25 | 1.24 | 1.23 | 0.73 | 30,105 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-01-09(4)–10-31-09 | 24.24 | (0.08 | )• | 2.30 | 2.22 | — | — | — | — | — | — | 26.46 | 9.16 | 1.18 | 1.17 | † | 1.16 | † | (0.79 | )† | 250 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING Asia-Pacific Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 5.71 | 0.09 | • | 0.89 | 0.98 | 0.59 | — | — | 0.59 | — | — | 6.10 | 18.68 | 3.46 | 1.76 | † | 1.76 | † | 1.58 | † | 5,854 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 4.51 | 0.10 | • | 1.21 | 1.31 | 0.11 | — | — | 0.11 | — | — | 5.71 | 29.71 | 5.08 | 1.77 | † | 1.77 | † | 2.23 | † | 3,479 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.11 | (5.50 | ) | (5.39 | ) | 0.10 | — | — | 0.10 | — | — | 4.51 | (54.27 | ) | 4.14 | 1.75 | 1.75 | 1.54 | 3,144 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 5.68 | 0.05 | • | 0.88 | 0.93 | 0.55 | — | — | 0.55 | — | — | 6.06 | 17.69 | 4.21 | 2.51 | † | 2.51 | † | 0.85 | † | 37 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 4.50 | 0.07 | 1.19 | 1.26 | 0.08 | — | — | 0.08 | — | — | 5.68 | 28.60 | 5.83 | 2.52 | † | 2.52 | † | 1.43 | † | 27 | 98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.07 | (5.51 | ) | (5.44 | ) | 0.06 | — | — | 0.06 | — | — | 4.50 | (54.63 | ) | 4.89 | 2.50 | 2.50 | 1.15 | 18 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 5.69 | 0.05 | • | 0.87 | 0.92 | 0.54 | — | — | 0.54 | — | — | 6.07 | 17.64 | 4.21 | 2.51 | † | 2.51 | † | 0.94 | † | 250 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 4.50 | 0.06 | • | 1.21 | 1.27 | 0.08 | — | — | 0.08 | — | — | 5.69 | 28.54 | 5.83 | 2.52 | † | 2.52 | † | 1.39 | † | 930 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.06 | • | (5.50 | ) | (5.44 | ) | 0.06 | — | — | 0.06 | — | — | 4.50 | (54.62 | ) | 4.89 | 2.50 | 2.50 | 1.12 | 3,532 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 5.68 | 0.10 | • | 0.88 | 0.98 | 0.60 | — | — | 0.60 | — | — | 6.06 | 18.95 | 3.15 | 1.45 | † | 1.45 | † | 1.84 | † | 3 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 4.50 | 0.11 | • | 1.20 | 1.31 | 0.13 | — | — | 0.13 | — | — | 5.68 | 29.97 | 4.82 | 1.51 | † | 1.51 | † | 2.40 | † | 1 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.13 | (5.51 | ) | (5.38 | ) | 0.12 | — | — | 0.12 | — | — | 4.50 | (54.25 | ) | 3.89 | 1.50 | 1.50 | 1.77 | 0 | ** | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING Emerging Countries Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 23.64 | (0.07 | ) | 5.31 | 5.24 | — | — | — | — | — | — | 28.88 | 22.17 | 2.15 | 1.91 | 1.91 | (0.25 | ) | 86,497 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.04 | 0.05 | • | 7.82 | 7.87 | 0.50 | — | — | 0.50 | 0.23 | — | 23.64 | 52.02 | (e) | 2.28 | 2.04 | 2.04 | 0.29 | 77,556 | 148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 41.48 | 0.71 | (24.59 | ) | (23.88 | ) | 0.45 | 1.11 | — | 1.56 | — | — | 16.04 | (59.64 | ) | 2.10 | 1.96 | 1.94 | 1.86 | 60,207 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 29.62 | 0.47 | 11.82 | 12.29 | 0.43 | — | — | 0.43 | — | — | 41.48 | 41.93 | 1.99 | 1.89 | 1.86 | 1.42 | 197,307 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 23.60 | 0.48 | 5.68 | 6.16 | — | 0.14 | — | 0.14 | — | — | 29.62 | 26.19 | 2.02 | 1.92 | 1.91 | 1.80 | 123,219 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 23.45 | (0.26 | )• | 5.24 | 4.98 | — | — | — | — | — | — | 28.43 | 21.24 | 2.80 | 2.66 | 2.66 | (1.03 | ) | 3,901 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 15.73 | (0.08 | )• | 7.74 | 7.66 | 0.17 | — | — | 0.17 | 0.23 | — | 23.45 | 50.68 | (e) | 2.93 | 2.79 | 2.79 | (0.44 | ) | 4,973 | 148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 40.67 | 0.36 | • | (24.05 | ) | (23.69 | ) | 0.14 | 1.11 | — | 1.25 | — | — | 15.73 | (59.94 | ) | 2.75 | 2.71 | 2.69 | 1.10 | 4,312 | 177 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 29.04 | 0.24 | • | 11.57 | 11.81 | 0.18 | — | — | 0.18 | — | — | 40.67 | 40.85 | 2.64 | 2.64 | 2.61 | 0.67 | 16,648 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 23.17 | 0.28 | • | 5.59 | 5.87 | — | — | — | — | — | — | 29.04 | 25.33 | 2.67 | 2.67 | 2.66 | 1.06 | 13,575 | 35 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Emerging Countries Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 22.01 | (0.24 | )• | 4.92 | 4.68 | — | — | — | — | — | — | 26.69 | 21.26 | 2.80 | 2.66 | 2.66 | (1.00 | ) | 15,873 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 14.82 | (0.07 | )• | 7.26 | 7.19 | 0.22 | — | — | 0.22 | 0.22 | — | 22.01 | 50.69 | (e) | 2.93 | 2.79 | 2.79 | (0.42 | ) | 16,868 | 148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 38.45 | 0.34 | • | (22.65 | ) | (22.31 | ) | 0.21 | 1.11 | — | 1.32 | — | — | 14.82 | (59.92 | ) | 2.75 | 2.71 | 2.69 | 1.11 | 14,586 | 177 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 27.53 | 0.20 | 10.97 | 11.17 | 0.25 | — | — | 0.25 | — | — | 38.45 | 40.82 | 2.64 | 2.64 | 2.61 | 0.65 | 53,885 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 22.04 | 0.25 | 5.31 | 5.56 | 0.07 | — | — | 0.07 | — | — | 27.53 | 25.29 | 2.67 | 2.67 | 2.66 | 1.12 | 35,847 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 23.66 | 0.06 | 5.31 | 5.37 | — | — | — | — | — | — | 29.03 | 22.70 | 1.61 | 1.47 | 1.47 | 0.28 | 72,072 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.11 | 0.13 | • | 7.82 | 7.95 | 0.63 | — | — | 0.63 | 0.23 | — | 23.66 | 52.74 | (e) | 1.74 | 1.60 | 1.60 | 0.71 | 30,758 | 148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 41.63 | 0.56 | • | (24.40 | ) | (23.84 | ) | 0.57 | 1.11 | — | 1.68 | — | — | 16.11 | (59.48 | ) | 1.67 | 1.63 | 1.61 | 1.79 | 18,429 | 177 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 29.72 | 0.55 | 11.90 | 12.45 | 0.54 | — | — | 0.54 | — | — | 41.63 | 42.41 | 1.56 | 1.56 | 1.53 | 1.71 | 41,551 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 25.52 | 0.65 | • | 3.55 | 4.20 | — | — | — | — | — | — | 29.72 | 16.46 | 1.55 | 1.55 | 1.54 | 2.73 | 23,456 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 24.77 | (0.07 | ) | 5.66 | 5.59 | — | — | — | — | — | — | 30.36 | 22.57 | 1.80 | 1.66 | 1.66 | �� | (0.33 | ) | 6,398 | 98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16.85 | 0.01 | • | 8.31 | 8.32 | 0.64 | — | — | 0.64 | 0.24 | — | 24.77 | 52.70 | (e) | 1.74 | 1.60 | 1.60 | 0.04 | 93 | 148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 36.18 | 0.54 | • | (19.86 | ) | (19.32 | ) | — | 0.01 | — | 0.01 | — | — | 16.85 | (53.42 | ) | 1.67 | 1.63 | 1.61 | 2.48 | 36 | 177 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING European Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6.85 | 0.08 | • | 0.74 | 0.82 | 0.60 | — | — | 0.60 | — | — | 7.07 | 13.00 | 3.93 | 1.76 | † | 1.76 | † | 1.22 | † | 4,208 | 95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 5.33 | 0.12 | • | 1.71 | 1.83 | 0.31 | — | — | 0.31 | — | — | 6.85 | 36.84 | 3.84 | 1.75 | † | 1.75 | † | 2.34 | † | 6,400 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.13 | • | (4.68 | ) | (4.55 | ) | 0.12 | — | — | 0.12 | — | — | 5.33 | (45.92 | ) | 4.45 | 1.75 | † | 1.75 | † | 1.52 | † | 3,157 | 162 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6.82 | 0.03 | • | 0.75 | 0.78 | 0.57 | — | — | 0.57 | — | — | 7.03 | 12.24 | 4.68 | 2.51 | † | 2.51 | † | 0.45 | † | 118 | 95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 5.32 | 0.08 | • | 1.69 | 1.77 | 0.27 | — | — | 0.27 | — | — | 6.82 | 35.71 | 4.59 | 2.50 | † | 2.50 | † | 1.56 | † | 30 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.07 | • | (4.68 | ) | (4.61 | ) | 0.07 | — | — | 0.07 | — | — | 5.32 | (46.34 | ) | 5.20 | 2.50 | † | 2.50 | † | 0.85 | † | 10 | 162 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6.81 | 0.04 | • | 0.75 | 0.79 | 0.55 | — | — | 0.55 | — | — | 7.05 | 12.40 | 4.68 | 2.51 | † | 2.51 | † | 0.65 | † | 89 | 95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 5.30 | 0.10 | 1.68 | 1.78 | 0.27 | — | — | 0.27 | — | — | 6.81 | 35.77 | 4.59 | 2.50 | † | 2.50 | † | 1.85 | † | 67 | 130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.09 | (4.72 | ) | (4.63 | ) | 0.07 | — | — | 0.07 | — | — | 5.30 | (46.57 | ) | 5.20 | 2.50 | † | 2.50 | † | 1.13 | † | 48 | 162 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6.84 | 0.10 | • | 0.75 | 0.85 | 0.63 | — | — | 0.63 | — | — | 7.06 | 13.41 | 3.60 | 1.43 | † | 1.43 | † | 1.68 | † | 44 | 95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 5.33 | 0.16 | • | 1.67 | 1.83 | 0.32 | — | — | 0.32 | — | — | 6.84 | 37.07 | 3.49 | 1.40 | † | 1.40 | † | 3.07 | † | 1 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
11-01-07(4)–10-31-08 | 10.00 | 0.15 | • | (4.68 | ) | (4.53 | ) | 0.14 | — | — | 0.14 | — | — | 5.33 | (45.77 | ) | 4.20 | 1.40 | † | 1.40 | † | 1.75 | † | 1 | 162 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ING Global Opportunities Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.85 | 0.05 | • | 1.17 | 1.22 | — | — | — | — | — | — | 14.07 | 9.49 | 1.84 | 1.63 | 1.63 | 0.39 | 55,541 | 156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.68 | 0.12 | • | 1.50 | 1.62 | 0.45 | — | — | 0.45 | — | — | 12.85 | 14.38 | 1.78 | 1.70 | † | 1.70 | † | 1.13 | † | 93,829 | 176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 23.54 | 0.18 | • | (10.65 | ) | (10.47 | ) | — | 1.39 | — | 1.39 | — | — | 11.68 | (47.01 | ) | 1.61 | 1.60 | † | 1.60 | † | 0.93 | † | 151,246 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 18.56 | 0.10 | 5.56 | 5.66 | — | 0.68 | — | 0.68 | — | — | 23.54 | 31.32 | 1.54 | 1.54 | 1.54 | 0.59 | 349,917 | 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 14.79 | 0.08 | • | 4.05 | 4.13 | — | 0.36 | — | 0.36 | — | — | 18.56 | 28.39 | 1.58 | 1.65 | 1.65 | 0.49 | 219,819 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.36 | (0.04 | ) | 1.12 | 1.08 | — | — | — | — | — | — | 13.44 | 8.74 | 2.59 | 2.38 | 2.38 | (0.35 | ) | 9,094 | 156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.19 | 0.04 | • | 1.43 | 1.47 | 0.30 | — | — | 0.30 | — | — | 12.36 | 13.42 | 2.53 | 2.45 | † | 2.45 | † | 0.38 | † | 14,077 | 176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 22.78 | 0.02 | • | (10.22 | ) | (10.20 | ) | — | 1.39 | — | 1.39 | — | — | 11.19 | (47.42 | ) | 2.36 | 2.35 | † | 2.35 | † | 0.11 | † | 18,831 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 18.11 | (0.03 | ) | 5.38 | 5.35 | — | 0.68 | — | 0.68 | — | — | 22.78 | 30.35 | 2.29 | 2.29 | 2.29 | (0.16 | ) | 50,276 | 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 14.55 | (0.04 | )• | 3.96 | 3.92 | — | 0.36 | — | 0.36 | — | — | 18.11 | 27.40 | 2.33 | 2.40 | 2.40 | (0.24 | ) | 38,136 | 65 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Global Opportunities Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.36 | (0.04 | ) | 1.12 | 1.08 | — | — | — | — | �� | — | — | 13.44 | 8.74 | 2.59 | 2.38 | 2.38 | (0.35 | ) | 49,256 | 156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.21 | 0.04 | • | 1.43 | 1.47 | 0.32 | — | — | 0.32 | — | — | 12.36 | 13.43 | 2.53 | 2.45 | † | 2.45 | † | 0.38 | † | 76,677 | 176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 22.81 | 0.03 | • | (10.24 | ) | (10.21 | ) | — | 1.39 | — | 1.39 | — | — | 11.21 | (47.40 | ) | 2.36 | 2.35 | † | 2.35 | † | 0.14 | † | 102,274 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 18.14 | (0.03 | ) | 5.38 | 5.35 | — | 0.68 | — | 0.68 | — | — | 22.81 | 30.30 | 2.29 | 2.29 | 2.29 | (0.14 | ) | 232,439 | 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 14.57 | (0.04 | )• | 3.97 | 3.93 | — | 0.36 | — | 0.36 | — | — | 18.14 | 27.43 | 2.33 | 2.40 | 2.40 | (0.26 | ) | 154,101 | 65 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 13.08 | 0.13 | • | 1.17 | 1.30 | — | — | — | — | — | — | 14.38 | 9.94 | 1.38 | 1.31 | 1.31 | 0.94 | 9,467 | 156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.92 | 0.16 | • | 1.54 | 1.70 | 0.54 | — | — | 0.54 | — | — | 13.08 | 14.82 | 1.33 | 1.31 | † | 1.31 | † | 1.44 | † | 65,256 | 176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 23.91 | 0.24 | • | (10.84 | ) | (10.60 | ) | — | 1.39 | — | 1.39 | — | — | 11.92 | (46.82 | ) | 1.28 | 1.27 | † | 1.27 | † | 1.26 | † | 68,020 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 18.78 | 0.16 | 5.65 | 5.81 | — | 0.68 | — | 0.68 | — | — | 23.91 | 31.76 | 1.21 | 1.21 | 1.21 | 0.94 | 108,732 | 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 14.93 | 0.13 | • | 4.08 | 4.21 | — | 0.36 | — | 0.36 | — | — | 18.78 | 28.67 | 1.28 | 1.35 | 1.34 | 0.78 | 61,248 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 13.98 | 0.10 | • | 1.28 | 1.38 | — | — | — | — | — | — | 15.36 | 9.87 | 1.59 | 1.38 | 1.38 | 0.68 | 1,486 | 156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 12.71 | 0.18 | • | 1.63 | 1.81 | 0.54 | — | — | 0.54 | — | — | 13.98 | 14.79 | 1.33 | 1.31 | † | 1.31 | † | 1.47 | † | 566 | 176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 20.48 | 0.27 | • | (8.04 | ) | (7.77 | ) | — | — | — | — | — | — | 12.71 | (37.94 | ) | 1.28 | 1.27 | † | 1.27 | † | 2.03 | † | 296 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ING Greater China Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.28 | 0.04 | • | 2.29 | 2.33 | 0.21 | — | — | 0.21 | — | — | 16.40 | 16.49 | 2.11 | 2.10 | 2.10 | 0.27 | 29,947 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.24 | 0.07 | • | 5.78 | 5.85 | 0.21 | 0.60 | — | 0.81 | — | — | 14.28 | 67.10 | 2.29 | 2.11 | 2.11 | 0.58 | 32,860 | 134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.43 | 0.05 | • | (13.12 | ) | (13.07 | ) | 0.06 | 2.06 | — | 2.12 | — | — | 9.24 | (57.63 | ) | 1.96 | 1.96 | 1.96 | 0.32 | 20,481 | 159 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.49 | 0.07 | 11.93 | 12.00 | 0.06 | 0.00 | * | — | 0.06 | — | — | 24.43 | 96.41 | 1.91 | 1.91 | 1.91 | 0.54 | 73,804 | 109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | 0.06 | 2.43 | 2.49 | — | — | — | — | — | — | 12.49 | 24.90 | 2.64 | 2.64 | 2.64 | 0.75 | 23,709 | 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.11 | (0.07 | )• | 2.26 | 2.19 | 0.12 | — | — | 0.12 | — | — | 16.18 | 15.61 | 2.86 | 2.85 | 2.85 | (0.45 | ) | 2,772 | 90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.08 | (0.03 | )• | 5.72 | 5.69 | 0.06 | 0.60 | — | 0.66 | — | — | 14.11 | 65.73 | 3.04 | 2.86 | 2.86 | (0.29 | ) | 3,246 | 134 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.14 | (0.05 | ) | (12.95 | ) | (13.00 | ) | — | 2.06 | — | 2.06 | — | — | 9.08 | (57.95 | ) | 2.71 | 2.71 | 2.71 | (0.33 | ) | 1,901 | 159 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.42 | (0.03 | )• | 11.79 | 11.76 | 0.04 | 0.00 | * | — | 0.04 | — | — | 24.14 | 94.92 | 2.66 | 2.66 | 2.66 | (0.19 | ) | 7,414 | 109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-06-06(4)–10-31-06 | 10.60 | 0.05 | • | 1.77 | 1.82 | — | — | — | — | — | — | 12.42 | 17.17 | 3.39 | 3.39 | 3.39 | 0.47 | 1,957 | 108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.15 | (0.08 | )• | 2.28 | 2.20 | 0.16 | — | — | 0.16 | — | — | 16.19 | 15.64 | 2.86 | 2.85 | 2.85 | (0.53 | ) | 5,772 | 90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.09 | (0.02 | )• | 5.73 | 5.71 | 0.05 | 0.60 | — | 0.65 | — | — | 14.15 | 65.77 | 3.04 | 2.86 | 2.86 | (0.15 | ) | 6,182 | 134 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.16 | (0.09 | )• | (12.92 | ) | (13.01 | ) | — | 2.06 | — | 2.06 | — | — | 9.09 | (57.94 | ) | 2.71 | 2.71 | 2.71 | (0.52 | ) | 2,694 | 159 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.43 | (0.03 | )• | 11.79 | 11.76 | 0.03 | 0.00 | * | — | 0.03 | — | — | 24.16 | 94.75 | 2.66 | 2.66 | 2.66 | (0.20 | ) | 12,386 | 109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-11-06(4)–10-31-06 | 10.67 | 0.05 | • | 1.71 | 1.76 | — | — | — | — | — | — | 12.43 | 16.49 | 3.39 | 3.39 | 3.39 | 0.53 | 2,124 | 108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.31 | 0.17 | • | 2.23 | 2.40 | 0.27 | — | — | 0.27 | — | — | 16.44 | 16.97 | 1.72 | 1.71 | 1.71 | 1.15 | 2,212 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.28 | 0.19 | • | 5.72 | 5.91 | 0.28 | 0.60 | — | 0.88 | — | — | 14.31 | 67.79 | 1.86 | 1.68 | 1.68 | 1.48 | 690 | 134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 24.46 | 0.16 | • | (13.18 | ) | (13.02 | ) | 0.10 | 2.06 | — | 2.16 | — | — | 9.28 | (57.42 | ) | 1.70 | 1.70 | 1.70 | 1.02 | 39 | 159 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.50 | 0.11 | 11.93 | 12.04 | 0.08 | 0.00 | * | — | 0.08 | — | — | 24.46 | 96.81 | 1.66 | 1.66 | 1.66 | 0.73 | 52 | 109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
05-08-06(4)–10-31-06 | 12.84 | 0.08 | (0.42 | ) | (0.34 | ) | — | — | — | — | — | — | 12.50 | (2.65 | ) | 2.39 | 2.39 | 2.39 | 1.47 | 22 | 108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 14.19 | 0.07 | • | 2.24 | 2.31 | 0.23 | — | — | 0.23 | — | — | 16.27 | 16.49 | 2.11 | 2.10 | 2.10 | 0.49 | 4,530 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 9.26 | 0.11 | • | 5.70 | 5.81 | 0.28 | 0.60 | — | 0.88 | — | — | 14.19 | 66.79 | 2.29 | 2.11 | 2.11 | 0.85 | 2,966 | 134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-04-08(4)–10-31-08 | 16.83 | 0.11 | • | (7.68 | ) | (7.57 | ) | — | — | — | — | — | — | 9.26 | (44.98 | ) | 1.96 | 1.96 | 1.96 | 2.23 | 206 | 159 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Index Plus International Equity Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.80 | 0.13 | 0.58 | 0.71 | 0.15 | — | — | 0.15 | 0.00 | * | — | 8.36 | 9.17 | (a) | 1.31 | 1.16 | † | 1.16 | † | 1.65 | † | 8,969 | 171 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.35 | 0.16 | • | 1.49 | 1.65 | 0.23 | — | — | 0.23 | 0.03 | — | 7.80 | 27.40 | (f) | 1.53 | 1.15 | 1.15 | 2.58 | 8,828 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 13.95 | 0.19 | • | (6.24 | ) | (6.05 | ) | 0.18 | 1.37 | — | 1.55 | — | — | 6.35 | (48.51 | ) | 1.73 | 1.30 | 1.30 | 1.93 | 9,446 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.68 | 0.14 | • | 2.48 | 2.62 | 0.08 | 0.27 | — | 0.35 | — | — | 13.95 | 22.98 | 1.13 | 1.16 | 1.16 | 1.17 | 2,233 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | 0.14 | • | 1.54 | 1.68 | — | — | — | — | — | — | 11.68 | 16.80 | 1.30 | 1.15 | 1.15 | 1.50 | 12,513 | 188 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.80 | 0.06 | • | 0.58 | 0.64 | 0.08 | — | — | 0.08 | 0.00 | * | — | 8.36 | 8.30 | (a) | 2.06 | 1.91 | † | 1.91 | † | 0.86 | † | 772 | 171 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.29 | 0.11 | • | 1.49 | 1.60 | 0.12 | — | — | 0.12 | 0.03 | — | 7.80 | 26.41 | (f) | 2.28 | 1.90 | 1.90 | 1.74 | 1,221 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 13.90 | 0.12 | • | (6.20 | ) | (6.08 | ) | 0.16 | 1.37 | — | 1.53 | — | — | 6.29 | (48.88 | ) | 2.48 | 2.05 | 2.05 | 1.22 | 1,571 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.63 | 0.09 | • | 2.51 | 2.60 | 0.06 | 0.27 | — | 0.33 | — | — | 13.90 | 22.85 | 1.89 | 1.92 | 1.92 | 0.67 | 734 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-12-06(4)–10-31-06 | 10.43 | 0.06 | • | 1.14 | 1.20 | — | — | — | — | — | — | 11.63 | 11.51 | 2.05 | 1.90 | 1.90 | 0.64 | 264 | 188 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.75 | 0.07 | • | 0.57 | 0.64 | 0.09 | — | — | 0.09 | 0.00 | * | — | 8.30 | 8.35 | (a) | 2.06 | 1.91 | † | 1.91 | † | 0.93 | † | 1,202 | 171 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.28 | 0.11 | • | 1.48 | 1.59 | 0.15 | — | — | 0.15 | 0.03 | — | 7.75 | 26.45 | (f) | 2.28 | 1.90 | 1.90 | 1.78 | 1,445 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 13.89 | 0.12 | • | (6.20 | ) | (6.08 | ) | 0.16 | 1.37 | — | 1.53 | — | — | 6.28 | (48.91 | ) | 2.48 | 2.05 | 2.05 | 1.16 | 1,311 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.61 | 0.09 | • | 2.50 | 2.59 | 0.04 | 0.27 | — | 0.31 | — | — | 13.89 | 22.81 | 1.89 | 1.92 | 1.92 | 0.69 | 1,126 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-12-06(4)–10-31-06 | 10.43 | 0.08 | • | 1.10 | 1.18 | — | — | — | — | — | — | 11.61 | 11.31 | 2.05 | 1.90 | 1.90 | 0.87 | 534 | 188 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.81 | 0.14 | • | 0.59 | 0.73 | 0.16 | — | — | 0.16 | 0.00 | * | — | 8.38 | 9.46 | (a) | 0.85 | 0.83 | † | 0.83 | † | 1.86 | † | 81,470 | 171 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.42 | 0.18 | • | 1.50 | 1.68 | 0.32 | — | — | 0.32 | 0.03 | — | 7.81 | 27.81 | (f) | 0.92 | 0.90 | 0.90 | 2.83 | 51,144 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.06 | 0.29 | • | (6.32 | ) | (6.03 | ) | 0.24 | 1.37 | — | 1.61 | — | — | 6.42 | (48.12 | ) | 1.05 | 0.62 | 0.62 | 2.80 | 54,838 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.70 | 0.20 | 2.55 | 2.75 | 0.12 | 0.27 | — | 0.39 | — | — | 14.06 | 24.14 | 0.84 | 0.87 | 0.87 | 1.78 | 118,924 | 213 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | 0.16 | • | 1.54 | 1.70 | — | — | — | — | — | — | 11.70 | 17.00 | 1.05 | 0.90 | 0.90 | 1.69 | 78,581 | 188 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.75 | 0.14 | 0.56 | 0.70 | 0.15 | — | — | 0.15 | 0.00 | * | — | 8.30 | 9.10 | (a) | 1.31 | 1.16 | † | 1.16 | † | 1.65 | † | 45,938 | 171 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.31 | 0.16 | • | 1.49 | 1.65 | 0.24 | — | — | 0.24 | 0.03 | — | 7.75 | 27.60 | (f) | 1.53 | 1.15 | 1.15 | 2.53 | 47,328 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
11-09-07(4)–10-31-08 | 13.09 | 0.19 | • | (5.36 | ) | (5.17 | ) | 0.24 | 1.37 | — | 1.61 | — | — | 6.31 | (45.16 | ) | 1.73 | 1.30 | 1.30 | 2.03 | 41,539 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Capital Appreciation Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.03 | 0.04 | 1.01 | 1.05 | — | — | — | — | 0.00 | * | — | 10.08 | 11.63 | (a) | 1.70 | 1.46 | 1.45 | 0.42 | 24,553 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.70 | 0.00 | •,* | 2.49 | 2.49 | 0.15 | — | 0.01 | 0.16 | — | — | 9.03 | 37.80 | 1.55 | 1.51 | 1.50 | 0.01 | 25,819 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.86 | 0.12 | (7.64 | ) | (7.52 | ) | 0.14 | 0.50 | — | 0.64 | — | — | 6.70 | (52.69 | ) | 1.41 | 1.46 | 1.46 | 0.73 | 1,612 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.39 | 0.01 | • | 3.76 | 3.77 | 0.05 | 0.25 | — | 0.30 | — | — | 14.86 | 33.89 | 1.48 | 1.50 | 1.50 | 0.08 | 4,592 | 71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | 0.04 | 1.35 | 1.39 | — | — | — | — | — | — | 11.39 | 13.90 | 1.84 | 1.50 | 1.50 | 0.32 | 3,677 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.95 | (0.04 | ) | 1.00 | 0.96 | — | — | — | — | 0.00 | * | — | 9.91 | 10.73 | (a) | 2.45 | 2.21 | 2.20 | (0.33 | ) | 2,597 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.58 | (0.06 | )• | 2.47 | 2.41 | 0.03 | — | 0.01 | 0.04 | — | — | 8.95 | 36.68 | 2.30 | 2.26 | 2.25 | (0.75 | ) | 4,460 | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.67 | (0.01 | )• | (7.47 | ) | (7.48 | ) | 0.11 | 0.50 | — | 0.61 | — | — | 6.58 | (53.01 | ) | 2.16 | 2.21 | 2.21 | (0.11 | ) | 278 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.33 | (0.09 | ) | 3.71 | 3.62 | 0.03 | 0.25 | — | 0.28 | — | — | 14.67 | 32.67 | 2.23 | 2.25 | 2.25 | (0.88 | ) | 943 | 71 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-09-06(4)–10-31-06 | 10.42 | (0.04 | )• | 0.95 | 0.91 | — | — | — | — | — | — | 11.33 | 8.73 | 2.59 | 2.25 | 2.25 | (0.43 | ) | 66 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.98 | (0.03 | ) | 1.00 | 0.97 | — | — | — | — | 0.00 | * | — | 9.95 | 10.80 | (a) | 2.45 | 2.21 | 2.20 | (0.32 | ) | 7,495 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.60 | (0.06 | )• | 2.47 | 2.41 | 0.02 | — | 0.01 | 0.03 | — | — | 8.98 | 36.38 | 2.30 | 2.26 | 2.25 | (0.69 | ) | 7,825 | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.71 | 0.00 | •,* | (7.50 | ) | (7.50 | ) | 0.11 | 0.50 | — | 0.61 | — | — | 6.60 | (52.99 | ) | 2.16 | 2.21 | 2.21 | 0.01 | 354 | 83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.35 | (0.12 | ) | 3.73 | 3.61 | 0.00 | • | 0.25 | — | 0.25 | — | — | 14.71 | 32.45 | 2.23 | 2.25 | 2.25 | (0.97 | ) | 971 | 71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-24-06(4)–10-31-06 | 10.28 | (0.03 | ) | 1.10 | 1.07 | — | — | — | — | — | — | 11.35 | 10.41 | 2.59 | 2.25 | 2.25 | (0.50 | ) | 65 | 91 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 International Capital Appreciation Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.00 | 0.08 | 1.01 | 1.09 | — | — | — | — | 0.00 | * | — | 10.09 | 12.11 | (a) | 1.20 | 0.96 | 0.95 | 0.89 | 58,078 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.73 | 0.09 | • | 2.41 | 2.50 | 0.22 | — | 0.01 | 0.23 | — | — | 9.00 | 38.21 | 1.18 | 1.14 | 1.13 | 1.17 | 58,959 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.90 | 0.17 | (7.67 | ) | (7.50 | ) | 0.17 | 0.50 | — | 0.67 | — | — | 6.73 | (52.48 | ) | 1.08 | 1.13 | 1.13 | 1.09 | 47,918 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.43 | 0.06 | • | 3.75 | 3.81 | 0.09 | 0.25 | — | 0.34 | — | — | 14.90 | 34.14 | 1.13 | 1.15 | 1.15 | 0.47 | 140,901 | 71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | 0.02 | 1.41 | 1.43 | — | — | — | — | — | — | 11.43 | 14.30 | 1.56 | 1.22 | 1.22 | 0.39 | 47,200 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W(5) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.03 | 0.07 | 1.00 | 1.07 | — | — | — | — | 0.00 | * | — | 10.10 | 11.85 | (a) | 1.46 | 1.22 | 1.21 | 0.66 | 10,787 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-07-09(4)–10-31-09 | 8.59 | 0.00 | •,* | 0.44 | 0.44 | — | — | — | — | — | — | 9.03 | 5.12 | 1.43 | 1.39 | 1.38 | 0.04 | 11,675 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.48 | 0.14 | • | 0.85 | 0.99 | 0.62 | — | — | 0.62 | — | — | 8.85 | 12.46 | 1.50 | 1.50 | † | 1.50 | † | 1.77 | † | 240,779 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.91 | 0.17 | 1.57 | 1.74 | 0.17 | — | — | 0.17 | — | — | 8.48 | 25.77 | 1.73 | 1.53 | † | 1.53 | † | 2.43 | † | 116,989 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.56 | 0.33 | (7.43 | ) | (7.10 | ) | 0.36 | — | 0.19 | 0.55 | — | — | 6.91 | (50.31 | ) | 1.48 | 1.50 | † | 1.50 | † | 1.76 | † | 89,623 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.63 | 0.13 | • | 3.14 | 3.27 | 0.34 | — | — | 0.34 | — | — | 14.56 | 28.49 | 1.51 | 1.50 | 1.50 | 0.99 | 271,425 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-06(4)–10-31-06 | 10.00 | 0.09 | • | 1.60 | 1.69 | 0.06 | — | — | 0.06 | — | — | 11.63 | 16.94 | 2.01 | 1.50 | 1.50 | 1.33 | 49,798 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.44 | 0.08 | • | 0.86 | 0.94 | 0.56 | — | — | 0.56 | — | — | 8.82 | 11.74 | 2.25 | 2.25 | † | 2.25 | † | 1.05 | † | 3,019 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.88 | 0.12 | 1.56 | 1.68 | 0.12 | — | — | 0.12 | — | — | 8.44 | 24.82 | 2.48 | 2.28 | † | 2.28 | † | 1.78 | † | 3,875 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.50 | 0.25 | (7.41 | ) | (7.16 | ) | 0.27 | — | 0.19 | 0.46 | — | — | 6.88 | (50.72 | ) | 2.23 | 2.25 | † | 2.25 | † | 1.00 | † | 4,004 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.59 | 0.03 | • | 3.14 | 3.17 | 0.26 | — | — | 0.26 | — | — | 14.50 | 27.69 | 2.26 | 2.25 | 2.25 | 0.25 | 11,819 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-06(4)–10-31-06 | 10.00 | 0.04 | • | 1.59 | 1.63 | 0.04 | — | — | 0.04 | — | — | 11.59 | 16.38 | 2.76 | 2.25 | 2.25 | 0.51 | 1,639 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.44 | 0.08 | • | 0.85 | 0.93 | 0.56 | — | — | 0.56 | — | — | 8.81 | 11.65 | 2.25 | 2.25 | † | 2.25 | † | 1.05 | † | 25,632 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.88 | 0.13 | 1.54 | 1.67 | 0.11 | — | — | 0.11 | — | — | 8.44 | 24.76 | 2.48 | 2.28 | † | 2.28 | † | 1.81 | † | 26,520 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.49 | 0.29 | (7.44 | ) | (7.15 | ) | 0.27 | — | 0.19 | 0.46 | — | — | 6.88 | (50.69 | ) | 2.23 | 2.25 | † | 2.25 | † | 1.00 | † | 36,661 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.59 | 0.03 | • | 3.13 | 3.16 | 0.26 | — | — | 0.26 | — | — | 14.49 | 27.58 | 2.26 | 2.25 | 2.25 | 0.24 | 121,529 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-06(4)–10-31-06 | 10.00 | 0.04 | • | 1.59 | 1.63 | 0.04 | — | — | 0.04 | — | — | 11.59 | 16.31 | 2.76 | 2.25 | 2.25 | 0.54 | 17,075 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.49 | 0.18 | 0.85 | 1.03 | 0.65 | — | — | 0.65 | — | — | 8.87 | 12.90 | 1.17 | 1.17 | † | 1.17 | † | 2.13 | † | 365,799 | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.92 | 0.19 | 1.57 | 1.76 | 0.19 | — | — | 0.19 | — | — | 8.49 | 26.12 | 1.23 | 1.23 | † | 1.23 | † | 2.80 | † | 387,251 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.58 | 0.23 | • | (7.31 | ) | (7.08 | ) | 0.39 | — | 0.19 | 0.58 | — | — | 6.92 | (50.14 | ) | 1.16 | 1.18 | † | 1.18 | † | 2.22 | † | 290,227 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.64 | 0.16 | • | 3.15 | 3.31 | 0.37 | — | — | 0.37 | — | — | 14.58 | 28.80 | 1.26 | 1.25 | 1.25 | 1.22 | 127,029 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-06(4)–10-31-06 | 10.00 | 0.08 | • | 1.63 | 1.71 | 0.07 | — | — | 0.07 | — | — | 11.64 | 17.23 | 1.76 | 1.25 | 1.25 | 1.09 | 22,336 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.51 | 0.16 | • | 0.86 | 1.02 | 0.64 | — | — | 0.64 | — | — | 8.89 | 12.80 | 1.25 | 1.25 | † | 1.25 | † | 2.01 | † | 5,202 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6.91 | 0.19 | 1.60 | 1.79 | 0.19 | — | — | 0.19 | — | — | 8.51 | 26.61 | 1.23 | 1.23 | † | 1.23 | † | 2.85 | † | 2,094 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 11.48 | 0.17 | • | (4.59 | ) | (4.42 | ) | 0.10 | — | 0.05 | 0.15 | — | — | 6.91 | (38.91 | ) | 1.18 | 1.20 | † | 1.20 | † | 2.45 | † | 307 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ING International SmallCap Multi-Manager Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.45 | 0.14 | • | 6.28 | 6.42 | 0.40 | — | — | 0.40 | 0.08 | — | 37.55 | 20.85 | (c) | 1.81 | 1.79 | † | 1.79 | † | 0.42 | † | 144,594 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 22.73 | 0.21 | • | 9.04 | 9.25 | 0.71 | — | — | 0.71 | 0.18 | — | 31.45 | 42.73 | (g) | 1.95 | 1.95 | † | 1.95 | † | 0.85 | † | 177,914 | 103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 66.43 | 0.65 | (36.15 | ) | (35.50 | ) | 0.32 | 7.88 | — | 8.20 | — | — | 22.73 | (59.84 | ) | 1.70 | 1.70 | 1.70 | 1.27 | 160,896 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 47.15 | 0.31 | 19.25 | 19.56 | 0.28 | — | — | 0.28 | — | — | 66.43 | 41.67 | 1.60 | 1.60 | 1.60 | 0.67 | 523,535 | 93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 37.75 | 0.29 | 9.44 | 9.73 | 0.33 | — | — | 0.33 | — | — | 47.15 | 25.91 | 1.66 | 1.66 | 1.66 | 0.67 | 243,020 | 85 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 International SmallCap Multi-Manager Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 33.01 | (0.09 | )• | 6.62 | 6.53 | 0.13 | — | — | 0.13 | 0.08 | — | 39.49 | 20.07 | (c) | 2.46 | 2.44 | † | 2.44 | † | (0.27 | )† | 5,120 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 23.48 | 0.06 | • | 9.45 | 9.51 | 0.17 | — | — | 0.17 | 0.19 | — | 33.01 | 41.60 | (g) | 2.60 | 2.60 | † | 2.60 | † | 0.24 | † | 8,383 | 103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 68.31 | 0.21 | • | (37.16 | ) | (36.95 | ) | — | 7.88 | — | 7.88 | — | — | 23.48 | (60.10 | ) | 2.35 | 2.35 | 2.35 | 0.45 | 11,892 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 48.53 | 0.00 | •,* | 19.78 | 19.78 | — | — | — | — | — | — | 68.31 | 40.76 | 2.25 | 2.25 | 2.25 | 0.00 | * | 65,619 | 93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 38.83 | (0.01 | )• | 9.75 | 9.74 | 0.04 | — | — | 0.04 | — | — | 48.53 | 25.10 | 2.31 | 2.31 | 2.31 | (0.03 | ) | 58,469 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 29.41 | (0.07 | )• | 5.87 | 5.80 | 0.24 | — | — | 0.24 | 0.07 | — | 35.04 | 20.05 | (c) | 2.46 | 2.44 | † | 2.44 | † | (0.23 | )† | 31,078 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 21.15 | 0.05 | • | 8.46 | 8.51 | 0.42 | — | — | 0.42 | 0.17 | — | 29.41 | 41.80 | (g) | 2.60 | 2.60 | † | 2.60 | † | 0.21 | † | 31,928 | 103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 62.48 | 0.34 | (33.79 | ) | (33.45 | ) | — | 7.88 | — | 7.88 | — | — | 21.15 | (60.11 | ) | 2.35 | 2.35 | 2.35 | 0.58 | 29,760 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 44.39 | 0.00 | •,* | 18.09 | 18.09 | 0.00 | * | — | — | 0.00 | * | — | — | 62.48 | 40.76 | 2.25 | 2.25 | 2.25 | 0.01 | 104,274 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 35.59 | (0.00 | )* | 8.91 | 8.91 | 0.11 | — | — | 0.11 | — | — | 44.39 | 25.09 | 2.31 | 2.31 | 2.31 | (0.01 | ) | 65,534 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.53 | 0.33 | 6.27 | 6.60 | 0.55 | — | — | 0.55 | 0.08 | — | 37.66 | 21.45 | (c) | 1.28 | 1.26 | † | 1.26 | † | 0.99 | † | 210,965 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 22.85 | 0.32 | • | 9.09 | 9.41 | 0.91 | — | — | 0.91 | 0.18 | — | 31.53 | 43.57 | (g) | 1.45 | 1.45 | † | 1.45 | † | 1.29 | † | 164,985 | 103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 66.72 | 0.78 | (36.25 | ) | (35.47 | ) | 0.52 | 7.88 | — | 8.40 | — | — | 22.85 | (59.66 | ) | 1.29 | 1.29 | 1.29 | 1.71 | 139,213 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 47.35 | 0.60 | 19.25 | 19.85 | 0.48 | — | — | 0.48 | — | — | 66.72 | 42.24 | 1.20 | 1.20 | 1.20 | 1.12 | 376,737 | 93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 40.64 | 0.39 | • | 6.32 | 6.71 | — | — | — | — | — | — | 47.35 | 16.51 | 1.20 | 1.20 | 1.20 | 1.02 | 137,184 | 85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.28 | 0.19 | 6.22 | 6.41 | 0.47 | — | — | 0.47 | 0.08 | — | 37.30 | 20.95 | (c) | 1.71 | 1.69 | † | 1.69 | † | 0.66 | † | 1,164 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 22.75 | 0.18 | • | 9.07 | 9.25 | 0.90 | — | — | 0.90 | 0.18 | — | 31.28 | 43.07 | (g) | 1.85 | 1.85 | † | 1.85 | † | 0.69 | † | 565 | 103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
06-04-08(4)–10-31-08 | 47.28 | 0.18 | • | (24.71 | ) | (24.53 | ) | — | 0.00 | * | — | — | — | — | 22.75 | (51.88 | ) | 1.60 | 1.60 | 1.60 | 1.39 | 62 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 37.21 | 0.32 | • | 7.41 | 7.73 | 0.54 | — | — | 0.54 | 0.09 | — | 44.49 | 21.24 | (c) | 1.46 | 1.44 | † | 1.44 | † | 0.82 | † | 42,257 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 26.83 | 0.37 | 10.71 | 11.08 | 0.92 | — | — | 0.92 | 0.22 | — | 37.21 | 43.54 | (g) | 1.45 | 1.45 | † | 1.45 | † | 1.32 | † | 12,096 | 103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 50.70 | 0.50 | • | (24.37 | ) | (23.87 | ) | — | 0.00 | * | — | — | — | — | 26.83 | (47.08 | ) | 1.29 | 1.29 | 1.29 | 1.80 | 10,366 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Value Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.18 | • | 0.45 | 0.63 | 0.17 | — | — | 0.17 | 0.02 | — | 11.78 | 5.78 | (d) | 1.62 | 1.62 | † | 1.62 | † | 1.63 | † | 549,016 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.13 | 0.14 | 1.88 | 2.02 | 0.35 | 1.51 | — | 1.86 | 0.01 | — | 11.30 | 21.74 | (h) | 1.75 | 1.75 | † | 1.75 | † | 1.25 | † | 725,329 | 92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 23.15 | 0.39 | (8.83 | ) | (8.44 | ) | 0.23 | 3.35 | — | 3.58 | — | — | 11.13 | (42.58 | ) | 1.58 | 1.58 | † | 1.57 | † | 1.95 | † | 931,162 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 21.52 | 0.24 | • | 3.73 | 3.97 | 0.20 | 2.14 | — | 2.34 | — | — | 23.15 | 19.87 | 1.59 | 1.59 | 1.59 | 1.08 | 2,136,218 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 18.33 | 0.18 | • | 4.58 | 4.76 | 0.16 | 1.41 | — | 1.57 | — | — | 21.52 | 27.64 | 1.60 | 1.60 | 1.60 | 0.90 | 1,995,027 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.14 | 0.11 | • | 0.43 | 0.54 | 0.04 | — | — | 0.04 | 0.02 | — | 11.66 | 5.07 | (d) | 2.32 | 2.32 | † | 2.32 | † | 0.96 | † | 3,132 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.88 | 0.06 | • | 1.87 | 1.93 | 0.17 | 1.51 | — | 1.68 | 0.01 | — | 11.14 | 20.91 | (h) | 2.45 | 2.45 | † | 2.45 | † | 0.65 | † | 37,743 | 92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 22.64 | 0.19 | • | (8.58 | ) | (8.39 | ) | 0.02 | 3.35 | — | 3.37 | — | — | 10.88 | (43.00 | ) | 2.28 | 2.28 | † | 2.27 | † | 1.12 | † | 85,873 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 21.07 | 0.08 | • | 3.66 | 3.74 | 0.03 | 2.14 | — | 2.17 | — | — | 22.64 | 19.03 | 2.29 | 2.29 | 2.29 | 0.39 | 301,705 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 17.95 | 0.04 | • | 4.50 | 4.54 | 0.01 | 1.41 | — | 1.42 | — | — | 21.07 | 26.81 | 2.30 | 2.30 | 2.30 | 0.20 | 368,952 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 10.95 | 0.11 | • | 0.43 | 0.54 | 0.11 | — | — | 0.11 | 0.02 | — | 11.40 | 5.07 | (d) | 2.32 | 2.26 | † | 2.26 | † | 0.99 | † | 210,574 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.79 | 0.05 | • | 1.85 | 1.90 | 0.24 | 1.51 | — | 1.75 | 0.01 | — | 10.95 | 20.92 | (h) | 2.45 | 2.40 | † | 2.40 | † | 0.58 | † | 279,060 | 92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 22.52 | 0.27 | (8.57 | ) | (8.30 | ) | 0.08 | 3.35 | — | 3.43 | — | — | 10.79 | (42.94 | ) | 2.28 | 2.18 | † | 2.17 | † | 1.34 | † | 326,812 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 20.98 | 0.08 | • | 3.65 | 3.73 | 0.05 | 2.14 | — | 2.19 | — | — | 22.52 | 19.10 | 2.29 | 2.28 | 2.28 | 0.38 | 757,941 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 17.91 | 0.05 | 4.46 | 4.51 | 0.03 | 1.41 | — | 1.44 | — | — | 20.98 | 26.71 | 2.30 | 2.30 | 2.30 | 0.20 | 729,067 | 25 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 International Value Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.23 | • | 0.44 | 0.67 | 0.22 | — | — | 0.22 | 0.02 | — | 11.77 | 6.15 | (d) | 1.27 | 1.27 | † | 1.27 | † | 2.02 | † | 449,321 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11.16 | 0.16 | • | 1.90 | 2.06 | 0.42 | 1.51 | — | 1.93 | 0.01 | — | 11.30 | 22.23 | (h) | 1.33 | 1.33 | † | 1.33 | † | 1.65 | † | 607,517 | 92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 23.22 | 0.47 | (8.87 | ) | (8.40 | ) | 0.31 | 3.35 | — | 3.66 | — | — | 11.16 | (42.37 | ) | 1.28 | 1.28 | † | 1.27 | † | 2.23 | † | 735,622 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 21.58 | 0.32 | • | 3.74 | 4.06 | 0.28 | 2.14 | — | 2.42 | — | — | 23.22 | 20.31 | 1.23 | 1.23 | 1.23 | 1.45 | 2,176,402 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 18.38 | 0.25 | 4.60 | 4.85 | 0.24 | 1.41 | — | 1.65 | — | — | 21.58 | 28.15 | 1.22 | 1.22 | 1.22 | 1.26 | 1,728,560 | 25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.22 | 0.44 | 0.66 | 0.22 | — | — | 0.22 | 0.02 | — | 11.76 | 6.04 | (d) | 1.32 | 1.32 | † | 1.32 | † | 1.99 | † | 24,507 | 81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
07-20-09(4)–10-31-09 | 10.42 | 0.01 | • | 0.87 | 0.88 | — | — | — | — | — | — | 11.30 | 8.45 | 1.33 | 1.33 | † | 1.33 | † | 0.20 | † | 3 | 92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Value Choice Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.68 | 0.08 | • | 1.26 | 1.34 | 0.06 | — | — | 0.06 | — | — | 10.96 | 13.95 | 1.78 | 1.70 | † | 1.70 | † | 0.77 | † | 22,683 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.56 | 0.06 | 2.14 | 2.20 | 0.08 | — | — | 0.08 | — | — | 9.68 | 29.22 | 1.83 | 1.70 | † | 1.70 | † | 0.86 | † | 15,615 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.89 | 0.06 | (5.31 | ) | (5.25 | ) | 0.10 | 1.98 | — | 2.08 | — | — | 7.56 | (40.21 | ) | 1.62 | 1.65 | † | 1.64 | † | 0.52 | † | 8,940 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.42 | 0.10 | • | 2.65 | 2.75 | 0.07 | 0.21 | — | 0.28 | — | — | 14.89 | 22.48 | 1.63 | 1.70 | 1.70 | 0.77 | 16,598 | 88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 10.70 | 0.12 | • | 1.86 | 1.98 | 0.10 | 0.16 | — | 0.26 | — | — | 12.42 | 18.82 | 1.71 | 1.70 | 1.69 | 1.04 | 17,962 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | �� | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.53 | 0.01 | • | 1.24 | 1.25 | 0.01 | — | — | 0.01 | — | — | 10.77 | 13.11 | 2.53 | 2.45 | † | 2.45 | † | 0.09 | † | 1,160 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.44 | 0.02 | • | 2.07 | 2.09 | 0.00 | * | — | — | 0.00 | * | — | — | 9.53 | 28.13 | 2.58 | 2.45 | † | 2.45 | † | 0.18 | † | 1,786 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.67 | (0.03 | )• | (5.22 | ) | (5.25 | ) | 0.00 | * | 1.98 | — | 1.98 | — | — | 7.44 | (40.63 | ) | 2.37 | 2.40 | † | 2.39 | † | (0.27 | )† | 1,738 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.27 | 0.00 | •,* | 2.61 | 2.61 | — | 0.21 | — | 0.21 | — | — | 14.67 | 21.54 | 2.38 | 2.45 | 2.45 | 0.01 | 3,805 | 88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 10.65 | 0.04 | • | 1.82 | 1.86 | 0.08 | 0.16 | — | 0.24 | — | — | 12.27 | 17.77 | 2.46 | 2.45 | 2.44 | 0.35 | 3,565 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.56 | 0.01 | • | 1.24 | 1.25 | 0.01 | — | — | 0.01 | — | — | 10.80 | 13.07 | 2.53 | 2.45 | † | 2.45 | † | 0.06 | † | 5,195 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.46 | 0.01 | • | 2.09 | 2.10 | 0.00 | * | — | — | 0.00 | * | — | — | 9.56 | 28.19 | 2.58 | 2.45 | † | 2.45 | † | 0.14 | † | 4,091 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.70 | (0.03 | )• | (5.23 | ) | (5.26 | ) | — | 1.98 | — | 1.98 | — | — | 7.46 | (40.62 | ) | 2.37 | 2.40 | † | 2.39 | † | (0.25 | )† | 2,267 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.29 | 0.00 | * | 2.62 | 2.62 | — | 0.21 | — | 0.21 | — | — | 14.70 | 21.58 | 2.38 | 2.45 | 2.45 | 0.00 | * | 4,930 | 88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 10.66 | 0.04 | • | 1.83 | 1.87 | 0.08 | 0.16 | — | 0.24 | — | — | 12.29 | 17.78 | 2.46 | 2.45 | 2.44 | 0.33 | 4,189 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.67 | 0.12 | • | 1.25 | 1.37 | 0.08 | — | — | 0.08 | — | — | 10.96 | 14.26 | 1.35 | 1.35 | † | 1.35 | † | 1.24 | † | 17,722 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.57 | 0.10 | • | 2.12 | 2.22 | 0.12 | — | — | 0.12 | — | — | 9.67 | 29.58 | 1.39 | 1.39 | † | 1.39 | † | 1.19 | † | 27,654 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.92 | 0.09 | (5.30 | ) | (5.21 | ) | 0.16 | 1.98 | — | 2.14 | — | — | 7.57 | (39.96 | ) | 1.27 | 1.30 | † | 1.29 | † | 0.80 | † | 36,089 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 12.42 | 0.17 | • | 2.64 | 2.81 | 0.10 | 0.21 | — | 0.31 | — | — | 14.92 | 23.04 | 1.24 | 1.31 | 1.31 | 1.29 | 60,413 | 88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 11.04 | 0.16 | • | 1.22 | 1.38 | — | — | — | — | — | — | 12.42 | 12.50 | 1.36 | 1.35 | 1.34 | 1.56 | 36,899 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9.68 | 0.12 | • | 1.25 | 1.37 | 0.08 | — | — | 0.08 | — | — | 10.97 | 14.27 | 1.53 | 1.45 | † | 1.45 | † | 1.15 | † | 34 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
06-01-09(4)–10-31-09 | 9.18 | 0.01 | • | 0.49 | 0.50 | — | — | — | — | — | — | 9.68 | 5.45 | 1.39 | 1.39 | † | 1.39 | † | 0.30 | † | 3 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING Russia Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 29.53 | (0.33 | )• | 7.32 | 6.99 | — | — | — | — | — | — | 36.52 | 23.67 | 2.11 | 2.11 | 2.11 | (0.98 | ) | 418,162 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 25.60 | (0.19 | ) | 12.20 | 12.01 | — | 8.08 | — | 8.08 | — | — | 29.53 | 65.55 | 2.21 | 2.21 | 2.21 | (0.98 | ) | 373,249 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 78.13 | (0.48 | ) | (40.46 | ) | (40.94 | ) | — | 11.59 | — | 11.59 | — | 0.00 | * | 25.60 | (61.70 | ) | 2.06 | 2.06 | 2.06 | (0.60 | ) | 261,127 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 55.81 | (0.33 | )• | 25.77 | 25.44 | — | 3.12 | — | 3.12 | — | 0.00 | * | 78.13 | 47.16 | 1.96 | 1.96 | 1.96 | (0.52 | ) | 922,504 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-06 | 33.49 | (0.27 | ) | 22.37 | 22.10 | — | — | — | — | — | 0.22 | 55.81 | 66.65 | 1.98 | 1.98 | 1.98 | (0.64 | ) | 751,947 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 29.54 | (0.10 | ) | 7.20 | 7.10 | — | — | — | — | — | — | 36.64 | 24.04 | 1.71 | 1.71 | 1.71 | (0.38 | ) | 8,151 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
09-30-09(4)–10-31-09 | 28.27 | (0.04 | )• | 1.31 | 1.27 | — | — | — | — | — | — | 29.54 | 4.49 | 1.68 | 1.68 | 1.68 | (1.68 | ) | 3 | 46 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Global Bond Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.25 | 0.53 | • | 0.30 | 0.83 | 0.71 | 0.05 | — | 0.76 | — | — | 12.32 | 7.14 | 1.00 | 0.90 | † | 0.90 | † | 4.43 | † | 192,384 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.19 | 0.32 | 2.13 | 2.45 | 0.15 | 0.24 | — | 0.39 | — | — | 12.25 | 24.43 | 1.06 | 0.91 | † | 0.91 | † | 3.30 | † | 103,255 | 396 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 10.59 | 0.27 | • | 0.07 | 0.34 | 0.62 | 0.12 | — | 0.74 | — | — | 10.19 | 3.04 | 1.05 | 0.93 | † | 0.93 | † | 2.53 | † | 79,451 | 830 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 10.25 | 0.31 | • | 0.64 | 0.95 | 0.43 | 0.18 | — | 0.61 | — | — | 10.59 | 9.61 | 1.46 | 0.90 | † | 0.90 | † | 3.08 | 28,887 | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-30-06(4)–10-31-06 | 10.00 | 0.08 | • | 0.23 | 0.31 | 0.06 | — | — | 0.06 | — | — | 10.25 | 3.13 | 1.38 | 0.90 | 0.90 | 2.41 | 25,784 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.16 | 0.46 | 0.27 | 0.73 | 0.63 | 0.05 | — | 0.68 | — | — | 12.21 | 6.22 | 1.75 | 1.65 | † | 1.65 | † | 3.79 | † | 4,125 | 440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.16 | 0.29 | 2.07 | 2.36 | 0.12 | 0.24 | — | 0.36 | — | — | 12.16 | 23.56 | 1.81 | 1.66 | † | 1.66 | † | 2.59 | † | 5,135 | 396 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 10.55 | 0.18 | • | 0.08 | 0.26 | 0.53 | 0.12 | — | 0.65 | — | — | 10.16 | 2.26 | 1.80 | 1.68 | † | 1.68 | † | 1.71 | 4,085 | 830 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 10.24 | 0.25 | • | 0.62 | 0.87 | 0.38 | 0.18 | — | 0.56 | — | — | 10.55 | 8.74 | 2.21 | 1.65 | † | 1.65 | † | 2.44 | 342 | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-30-06(4)–10-31-06 | 10.00 | 0.06 | • | 0.22 | 0.28 | 0.04 | — | — | 0.04 | — | — | 10.24 | 2.84 | 2.13 | 1.65 | 1.65 | 2.00 | 28 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.20 | 0.43 | • | 0.30 | 0.73 | 0.63 | 0.05 | — | 0.68 | — | — | 12.25 | 6.23 | 1.75 | 1.65 | † | 1.65 | † | 3.65 | † | 90,458 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.20 | 0.28 | • | 2.08 | 2.36 | 0.12 | 0.24 | — | 0.36 | — | — | 12.20 | 23.48 | 1.81 | 1.66 | † | 1.66 | † | 2.54 | † | 45,773 | 396 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 10.59 | 0.18 | • | 0.09 | 0.27 | 0.54 | 0.12 | — | 0.66 | — | — | 10.20 | 2.31 | 1.80 | 1.68 | † | 1.68 | † | 1.71 | † | 29,009 | 830 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 10.24 | 0.24 | • | 0.64 | 0.88 | 0.35 | 0.18 | — | 0.53 | — | — | 10.59 | 8.90 | 2.21 | 1.65 | † | 1.65 | † | 2.33 | 1,627 | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-30-06(4)–10-31-06 | 10.00 | 0.06 | • | 0.22 | 0.28 | 0.04 | — | — | 0.04 | — | — | 10.24 | 2.82 | 2.13 | 1.65 | 1.65 | 1.68 | 36 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.22 | 0.56 | • | 0.31 | 0.87 | 0.76 | 0.05 | — | 0.81 | — | — | 12.28 | 7.44 | 0.65 | 0.55 | † | 0.55 | † | 4.73 | † | 222,123 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.21 | 0.45 | • | 2.04 | 2.49 | 0.24 | 0.24 | — | 0.48 | — | — | 12.22 | 24.94 | 0.71 | 0.56 | † | 0.56 | † | 3.89 | † | 136,178 | 396 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 10.58 | 0.28 | • | 0.14 | 0.42 | 0.67 | 0.12 | — | 0.79 | — | — | 10.21 | 3.78 | 0.74 | 0.62 | † | 0.62 | † | 2.69 | 503 | 830 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 10.25 | 0.35 | • | 0.63 | 0.98 | 0.47 | 0.18 | — | 0.65 | — | — | 10.58 | 9.88 | 1.00 | 0.61 | † | 0.61 | † | 3.47 | 1 | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-30-06(4)–10-31-06 | 10.00 | 0.09 | • | 0.23 | 0.32 | 0.07 | — | — | 0.07 | — | — | 10.25 | 3.23 | 1.03 | 0.55 | 0.55 | 2.68 | 1 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.06 | 0.53 | • | 0.29 | 0.82 | 0.71 | 0.05 | — | 0.76 | — | — | 12.12 | 7.17 | 1.00 | 0.90 | † | 0.90 | † | 4.53 | † | 3,578 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10.15 | 0.37 | • | 2.04 | 2.41 | 0.26 | 0.24 | — | 0.50 | — | — | 12.06 | 24.26 | 1.06 | 0.91 | † | 0.91 | † | 3.30 | † | 3,126 | 396 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
06-04-08(4)–10-31-08 | 10.65 | 0.10 | • | (0.49 | ) | (0.39 | ) | 0.11 | — | — | 0.11 | — | — | 10.15 | (3.70 | ) | 1.05 | 0.93 | † | 0.93 | † | 2.47 | † | 222 | 830 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12.06 | 0.52 | • | 0.34 | 0.86 | 0.75 | 0.05 | — | 0.80 | — | — | 12.12 | 7.45 | 0.75 | 0.65 | † | 0.65 | † | 4.44 | † | 14,142 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
06-01-09(4)–10-31-09 | 11.22 | 0.14 | • | 1.03 | 1.17 | 0.33 | — | — | 0.33 | — | — | 12.06 | 10.54 | 0.71 | 0.56 | † | 0.56 | † | 2.85 | † | 1,533 | 396 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING Diversified International Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.27 | 0.06 | 1.07 | 1.13 | 0.06 | — | 0.01 | 0.07 | — | — | 9.33 | 13.71 | 0.63 | 0.39 | 0.39 | 0.76 | 102,460 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.30 | 0.24 | • | 1.59 | 1.83 | 0.86 | — | — | 0.86 | — | — | 8.27 | 28.22 | 0.76 | 0.38 | 0.38 | 3.45 | 129,966 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.98 | 0.17 | • | (7.50 | ) | (7.33 | ) | 0.26 | 0.09 | — | 0.35 | — | — | 7.30 | (50.04 | ) | 0.57 | 0.31 | 0.31 | 1.41 | 167,282 | 55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.61 | 0.05 | • | 3.38 | 3.43 | 0.06 | — | — | 0.06 | — | — | 14.98 | 29.66 | 0.55 | 0.21 | 0.21 | 0.37 | 383,364 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | (0.03 | )• | 1.64 | 1.61 | — | — | — | — | — | — | 11.61 | 16.10 | 0.66 | 0.35 | 0.35 | (0.35 | ) | 170,108 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.23 | (0.00 | )* | 1.05 | 1.05 | — | — | 0.01 | 0.01 | — | — | 9.27 | 12.78 | 1.38 | 1.14 | 1.14 | (0.03 | ) | 16,616 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.22 | 0.17 | • | 1.61 | 1.78 | 0.77 | — | — | 0.77 | — | — | 8.23 | 27.46 | 1.51 | 1.13 | 1.13 | 2.43 | 19,919 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.84 | 0.07 | (7.43 | ) | (7.36 | ) | 0.17 | 0.09 | — | 0.26 | — | — | 7.22 | (50.43 | ) | 1.32 | 1.06 | 1.06 | 0.67 | 20,167 | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.54 | (0.04 | ) | 3.35 | 3.31 | 0.01 | — | — | 0.01 | — | — | 14.84 | 28.68 | 1.30 | 0.96 | 0.96 | (0.34 | ) | 43,667 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | (0.10 | )• | 1.64 | 1.54 | — | — | — | — | — | — | 11.54 | 15.40 | 1.41 | 1.10 | 1.10 | (1.10 | ) | 23,035 | 30 |
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 | | Payments from Distribution settlement/ affiliate | | Redemption fees applied to capital | | Net asset value, end of year or period | | Total Return(1) | | Expenses before reductions/ additions(2) | | Expenses net of fee waivers and/or recoupments, if any(2)(3) | | Expenses 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 Diversified International Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.21 | (0.00 | )* | 1.06 | 1.06 | — | — | 0.01 | 0.01 | — | — | 9.26 | 12.88 | 1.38 | 1.14 | 1.14 | (0.01 | ) | 59,015 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.21 | 0.17 | • | 1.60 | 1.77 | 0.77 | — | — | 0.77 | — | — | 8.21 | 27.32 | 1.51 | 1.13 | 1.13 | 2.54 | 71,831 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.83 | 0.07 | (7.42 | ) | (7.35 | ) | 0.18 | 0.09 | — | 0.27 | — | — | 7.21 | (50.43 | ) | 1.32 | 1.06 | 1.06 | 0.67 | 78,834 | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.54 | (0.05 | )• | 3.35 | 3.30 | 0.01 | — | — | 0.01 | — | — | 14.83 | 28.63 | 1.30 | 0.96 | 0.96 | (0.39 | ) | 168,661 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | (0.10 | )• | 1.64 | 1.54 | — | — | — | — | — | — | 11.54 | 15.40 | 1.41 | 1.10 | 1.10 | (1.10 | ) | 69,825 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.26 | 0.03 | • | 1.12 | 1.15 | 0.08 | — | 0.01 | 0.09 | — | — | 9.32 | 13.98 | 0.35 | 0.14 | 0.14 | 0.36 | 9,188 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.30 | 0.31 | • | 1.55 | 1.86 | 0.90 | — | — | 0.90 | — | — | 8.26 | 28.78 | 0.48 | 0.10 | 0.10 | 4.55 | 3,209 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.99 | 0.21 | (7.53 | ) | (7.32 | ) | 0.28 | 0.09 | — | 0.37 | — | — | 7.30 | (49.97 | ) | 0.32 | 0.06 | 0.06 | 1.69 | 16 | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-07 | 11.63 | 0.03 | • | 3.41 | 3.44 | 0.08 | — | — | 0.08 | — | — | 14.99 | 29.69 | 0.30 | 0.09 | 0.09 | 0.21 | 32 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-21-05(4)–10-31-06 | 10.00 | (0.01 | )• | 1.64 | 1.63 | — | — | — | — | — | — | 11.63 | 16.30 | 0.45 | 0.10 | 0.10 | (0.13 | ) | 4 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.24 | 0.05 | • | 1.08 | 1.13 | 0.08 | — | 0.01 | 0.09 | — | — | 9.28 | 13.81 | 0.63 | 0.34 | 0.34 | 0.55 | 2,947 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.29 | 0.10 | • | 1.74 | 1.84 | 0.89 | — | — | 0.89 | — | — | 8.24 | 28.45 | 0.76 | 0.38 | 0.38 | 1.30 | 1,911 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
06-04-08(4)–10-31-08 | 12.99 | 0.02 | • | (5.72 | ) | (5.70 | ) | — | — | — | — | — | — | 7.29 | (43.88 | ) | 0.57 | 0.31 | 0.31 | 0.48 | 140 | 55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.18 | 0.04 | • | 1.05 | 1.09 | 0.04 | — | 0.01 | 0.05 | — | — | 9.22 | 13.40 | 0.88 | 0.64 | 0.64 | 0.47 | 173 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.22 | 0.20 | 1.60 | 1.80 | 0.84 | — | — | 0.84 | — | — | 8.18 | 28.13 | 1.01 | 0.63 | 0.63 | 2.94 | 198 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-08 | 14.82 | 0.15 | (7.44 | ) | (7.29 | ) | 0.22 | 0.09 | — | 0.31 | — | — | 7.22 | (50.18 | ) | 0.82 | 0.56 | 0.56 | 1.26 | 183 | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
12-12-06(4)–10-31-07 | 12.19 | (0.05 | )• | 2.76 | 2.71 | 0.08 | — | — | 0.08 | — | — | 14.82 | 22.33 | 0.80 | 0.46 | 0.46 | (0.46 | ) | 432 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8.25 | 0.09 | • | 1.06 | 1.15 | 0.09 | — | 0.01 | 0.10 | — | — | 9.30 | 14.07 | 0.38 | 0.09 | 0.09 | 1.03 | 2,440 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 7.29 | 0.21 | • | 1.65 | 1.86 | 0.90 | — | — | 0.90 | — | — | 8.25 | 28.84 | 0.48 | 0.10 | 0.10 | 2.96 | 2,545 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-12-08(4)–10-31-08 | 12.17 | 0.06 | • | (4.94 | ) | (4.88 | ) | — | — | — | — | — | — | 7.29 | (40.10 | ) | 0.32 | 0.06 | 0.06 | 0.80 | 1,506 | 55 |
(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. 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 the Investment Adviser and/or Distributor but prior to reductions from brokerage commission recapture 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. |
(5) | Class W shares’ financial highlights include Class Q shares which were converted to Class W on March 5, 2010. Class W shares will retain the commencement of operations date of August 7, 2009 which represents the original commencement of operations date of Class Q shares. |
† | 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. |
* | Amount is more than $(0.005) or more than (0.005)% or less than $0.005 or less than 0.005%. |
** | Amount is less than $500. |
• | Calculated using average number of shares outstanding throughout the period. |
(a) | There was no impact on total return by the payment from distribution settlement. |
(b) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2010, Global Value Choice total return would have been 21.82%, 20.92%, 20.89%, 22.34% and 22.08% on Classes A,B,C,I and W, respectively. |
(c) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2010, International SmallCap Multi-Manager total return would have been 20.60%, 19.82%, 19.80%, 21.20%, 20.70% and 20.98% on Classes A,B,C,I,O and W, respectively. |
(d) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2010, International Value total return would have been 5.61%, 4.90%, 4.90%, 5.98% and 5.87% on Classes A,B,C,I, and W, respectively. |
(e) | Excluding a payment by affiliate in the fiscal year ended October 31, 2009, Emerging Countries total return would have been 50.54%, 49.21%, 49.19%, 51.26% and 51.22% on Classes A,B,C,I and W, respectively. |
(f) | Excluding a payment by affiliate in the fiscal year ended October 31, 2009, Index Plus International Equity total return would have been 26.91%, 25.92%, 25.96%, 27.32% and 27.11% on Classes A, B, C, I and O, respectively. |
(g) | Excluding a payment by affiliate in the fiscal year ended October 31, 2009, International SmallCap Multi-Manager total return would have been 41.91%, 40.78%, 40.97%, 42.75%, 42.20% and 42.70% on Classes A,B,C,I,O and W, respectively. |
(h) | Excluding a payment by affiliate in the fiscal year ended October 31, 2009, International Value total return would have been 21.64%, 20.80%, 20.81% and 22.12% on Classes A,B,C and I, respectively. |
(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. |
Buy | Sell | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Real Estate* | $ | 748,782 | $ | — | ||||||
Global Value Choice* | — | 64,604 | ||||||||
Asia-Pacific Real Estate* | 11,631 | — | ||||||||
Global Opportunities** | 9,885,246 | 12,211,960 | ||||||||
International Real Estate* | 317,460 | — | ||||||||
Global Bond*** | 320,116,260 | 234,315,869 |
* | For the year ended October 31, 2010, the Funds used forward foreign currency contracts to facilitate settlement of non-U.S. dollar portfolio transactions. There were no open forward foreign currency contracts at October 31, 2010. |
** | For the year ended October 31, 2010, the Fund used forward foreign currency contracts primarily to protect its non-U.S. dollar-denominated holdings from adverse currency movements. There were no open forward foreign currency contracts at October 31, 2010. |
*** | For the year ended October 31, 2010, the Fund used forward foreign currency contracts to protect its non-U.S. dollar-denominated holdings from adverse currency movements and to gain exposure to currencies for the purposes of risk management or enhanced return. Please refer to the table following the Summary Portfolio of Investments for open forward foreign currency contract at October 31, 2010. |
Purchases | Sales | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | 77,226,816 | $ | 84,742,997 | ||||||
Global Natural Resources | 56,664,229 | 65,502,648 | ||||||||
Global Real Estate | 1,977,160,940 | 1,138,097,593 | ||||||||
Global Value Choice | 350,762,793 | 133,185,153 | ||||||||
Asia-Pacific Real Estate | 6,945,337 | 6,116,418 | ||||||||
Emerging Countries* | 160,996,568 | 150,012,467 | ||||||||
European Real Estate | 3,965,502 | 6,337,829 | ||||||||
Global Opportunities | 274,621,605 | 412,625,328 | ||||||||
Greater China | 39,601,350 | 47,766,401 | ||||||||
Index Plus International Equity | 211,345,322 | 198,691,155 | ||||||||
International Capital Appreciation | 61,518,278 | 78,383,188 | ||||||||
International Real Estate | 375,773,927 | 315,615,442 | ||||||||
International SmallCap Multi-Manager | 258,783,152 | 321,286,004 | ||||||||
International Value | 1,140,819,297 | 1,599,829,587 | ||||||||
International Value Choice | 21,035,635 | 27,533,604 | ||||||||
Russia | 119,071,818 | 167,189,267 | ||||||||
Global Bond | 489,859,294 | 382,142,933 | ||||||||
Diversified International | 100,609,181 | 160,949,520 |
* | The Fund posted a deposit of $1,750,985 for a bid on the Initial Public Offering (″IPO″) of an Indian equity security. The Fund received 13,532 shares of the security during the IPO for $74,721. The remaining deposit of $1,676,264 as disclosed on the Fund’s Statement of Asset and Liabilities was returned from the broker on November 4, 2010. |
Purchases | Sales | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Bond | $ | 1,384,371,089 | $ | 1,309,074,972 |
As a Percentage of Average Daily Net Assets | ||||||
---|---|---|---|---|---|---|
Global Equity Dividend | 0.70% | |||||
Global Natural Resources | 1.00% on first $50 million; and 0.75% thereafter | |||||
Global Real Estate | 0.80% on the first $250 million; 0.775% on the next $250 million; and 0.70% thereafter | |||||
Global Value Choice | 0.90% on the first $500 million; 0.80% on the next $500 million; and 0.75% thereafter | |||||
Asia-Pacific Real Estate | 1.00% on the first $250 million; 0.90% on the next $250 million; 0.80% thereafter | |||||
Emerging Countries(1) | 1.25% | |||||
European Real Estate | 1.00% on the first $250 million; 0.90% on the next $250 million; 0.80% thereafter | |||||
Global Opportunities(2) | 0.90% on the first $500 million; and 0.85% thereafter | |||||
Greater China | 1.15% on the first $100 million; 1.05% on the next $150 million; and 0.95% thereafter | |||||
Index Plus International Equity | 0.55% | |||||
International Capital Appreciation(1) | 0.85% on the first $500 million; 0.80% on the next $500 million; and 0.75% thereafter | |||||
International Real Estate | 1.00% on the first $250 million; 0.90% on the next $250 million; and 0.80% thereafter | |||||
International SmallCap Multi-Manager(1) | 1.00% on first $500 million; 0.90% on next $500 million; and 0.85% thereafter | |||||
International Value | 1.00% on the first $5 billion; 0.95% on the next $2.5 billion; 0.90% on the next $2.5 billion; and 0.85% of assets in excess of $10 billion (applied to all assets of the Fund) | |||||
International Value Choice | 1.00% | |||||
Russia | 1.25% | |||||
Global Bond | 0.40% | |||||
Diversified International | 0.00% |
(1) | ING Investments has contractually agreed to waive a portion of the advisory fee for Emerging Countries, International Capital Appreciation and International SmallCap Multi-Manager. These advisory fee waivers will continue through at least March 1, 2011 for Emerging Countries, International Capital Appreciation and International SmallCap Multi-Manager. There is no guarantee that these waivers will continue after this date. These agreements will only renew if ING Investments elects to renew them. |
(2) | Effective June 30, 2010, the advisory fees for Global Opportunities were revised from 1.00% on the first $500 million and 0.90% thereafter to the fees set forth in the table above. |
Fund | Sub Adviser | |||||
---|---|---|---|---|---|---|
Global Equity Dividend | ING Investment Management Advisors B.V* | |||||
Global Natural Resources | ING Investment Management Co.* | |||||
Global Real Estate | ING Clarion Real Estate Securities, LLC* | |||||
Global Value Choice | Tradewinds Global Investors, LLC | |||||
Asia-Pacific Real Estate | ING Clarion Real Estate Securities, LLC* | |||||
Emerging Countries | ING Investment Management Advisors B.V* | |||||
European Real Estate | ING Clarion Real Estate Securities, LLC* | |||||
Global Opportunities | ING Investment Management Advisors B.V.* | |||||
Greater China | ING Investment Management Asia/Pacific (Hong Kong) Limited* | |||||
Index Plus International Equity | ING Investment Management Co.* | |||||
International Capital Appreciation | Hansberger Global Investors, Inc. | |||||
International Real Estate | ING Clarion Real Estate Securities, LLC* | |||||
International SmallCap Multi-Manager | Acadian Asset Management LLC and Schroder Investment Management North America, Inc. | |||||
International Value | Brandes Investment Partners, L.P. and ING Investment Management Co.* | |||||
International Value Choice | Tradewinds Global Investors, LLC | |||||
Russia | ING Investment Management Advisors B.V* | |||||
Global Bond | ING Investment Management Co.* |
Global Natural Resources | $ | 1,292 | |||
Global Real Estate | 50,243 | ||||
Global Value Choice | 28,650 | ||||
Asia-Pacific Real Estate | 75 | ||||
European Real Estate | 32 | ||||
Global Opportunities | 469 | ||||
Index Plus International Equity | 108 | ||||
International Real Estate | 2,478 | ||||
International SmallCap Multi-Manager | 1,504 | ||||
International Value | 13,207 | ||||
International Value Choice | 1,771 | ||||
Global Bond | 11,386 |
(1) | Class Q shareholders of Global Value Choice, Global Opportunities, International SmallCap Multi-Manager and International Value incurred a service fee of 0.25% until conversion to Class W shares of each respective Fund on November 20, 2009. Class Q shareholder of Emerging Countries and International Capital Appreciation incurred a service fee of 0.25% until conversion to Class W shares of each Fund on March 8, 2010. |
Class A | Class B | �� | Class C | Class O | Class R | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
Global Natural Resources | 0.25 | % | N/A | N/A | N/A | N/A | ||||||||||||||||
Global Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
Global Value Choice | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Asia-Pacific Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Emerging Countries | 0.35 | %(1) | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
European Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Global Opportunities | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Greater China | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
Index Plus International Equity | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
International Capital Appreciation | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
International Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
International SmallCap Multi-Manager | 0.35 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
International Value | 0.30 | % | 1.00 | % | 1.00 | %(2) | N/A | N/A | ||||||||||||||
International Value Choice | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Russia | 0.25 | % | N/A | N/A | N/A | N/A | ||||||||||||||||
Global Bond | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
Diversified International | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | 0.50 | % |
(1) | The Distributor has agreed to waive 0.10% of the Distribution Fee in the amount of $79,995 for Class A shares of Emerging Countries for the period from January 1, 2009 through March 1, 2011. |
(2) | The Distributor has voluntarily agreed to waive $143,365 of the Distribution Fee for Class C shares of International Value. |
Class A Shares | Class C Shares | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Initial Sales Charges: | ||||||||||
Global Equity Dividend | $ | 15,247 | N/A | |||||||
Global Natural Resources | 28,296 | N/A | ||||||||
Global Real Estate | 172,517 | N/A | ||||||||
Global Value Choice | 124,963 | N/A | ||||||||
Asia-Pacific Real Estate | 325 | N/A | ||||||||
Emerging Countries | 11,760 | N/A | ||||||||
European Real Estate | 965 | N/A | ||||||||
Global Opportunities | 3,672 | N/A | ||||||||
Greater China | 23,124 | N/A | ||||||||
Index Plus International Equity | 552 | N/A | ||||||||
International Capital Appreciation | 2,330 | N/A | ||||||||
International Real Estate | 9,247 | N/A | ||||||||
International SmallCap Multi-Manager | 3,244 | N/A | ||||||||
International Value | 5,611 | N/A |
Class A Shares | Class C Shares | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
International Value Choice | $ | 4,364 | N/A | |||||||
Russia | 191,902 | N/A | ||||||||
Global Bond | 108,503 | N/A | ||||||||
Diversified International | 12,070 | N/A | ||||||||
Contingent Deferred Sales Charges: | ||||||||||
Global Equity Dividend | $ | 30 | $ | 1,383 | ||||||
Global Real Estate | 35,353 | 13,787 | ||||||||
Global Value Choice | 1,487 | 17,397 | ||||||||
Asia-Pacific Real Estate | — | 10 | ||||||||
Emerging Countries | 53 | 2,586 | ||||||||
European Real Estate | — | 189 | ||||||||
Global Opportunities | 52 | 2,898 | ||||||||
Greater China | 5 | 14,270 | ||||||||
Index Plus International Equity | — | 77 | ||||||||
International Capital Appreciation | 6 | 260 | ||||||||
International Real Estate | 75 | 1,516 | ||||||||
International SmallCap Multi-Manager | 359 | 990 | ||||||||
International Value | 72,767 | 5,323 | ||||||||
International Value Choice | 10 | 348 | ||||||||
Russia | 639 | — | ||||||||
Global Bond | 12 | 17,357 | ||||||||
Diversified International | 461 | 3,322 |
Fund | Accrued Investment Management Fees | Accrued Administrative Fees | Accrued Shareholder Service and Distribution Fees | Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | 92,796 | $ | 12,495 | $ | 46,421 | $ | 151,712 | ||||||||||
Global Natural Resources | 76,399 | 8,792 | 21,296 | 106,487 | ||||||||||||||
Global Real Estate | 1,736,133 | 243,368 | 438,587 | 2,418,088 | ||||||||||||||
Global Value Choice | 352,981 | 40,137 | 139,344 | 532,462 | ||||||||||||||
Asia-Pacific Real Estate | 5,256 | 526 | 1,524 | 7,306 | ||||||||||||||
Emerging Countries | 192,212 | 15,377 | 35,486 | 243,075 | ||||||||||||||
European Real Estate | 3,773 | 378 | 1,061 | 5,212 | ||||||||||||||
Global Opportunities | 96,510 | 10,723 | 61,895 | 169,128 | ||||||||||||||
Greater China | 50,207 | 3,823 | 14,551 | 68,581 | ||||||||||||||
Index Plus International Equity | 66,963 | 12,178 | 13,356 | 92,497 | ||||||||||||||
International Capital Appreciation | 75,149 | 8,841 | 13,791 | 97,781 | ||||||||||||||
International Real Estate | 492,562 | 53,607 | 73,085 | 619,254 | ||||||||||||||
International SmallCap Multi-Manager | 367,141 | 36,723 | 73,961 | 477,825 | ||||||||||||||
International Value | 1,068,178 | 106,899 | 315,289 | 1,490,366 | ||||||||||||||
International Value Choice | 39,745 | 3,982 | 10,168 | 53,895 | ||||||||||||||
Russia | 450,925 | 36,074 | 88,477 | 575,476 | ||||||||||||||
Global Bond | 173,996 | 43,743 | 117,755 | 335,494 | ||||||||||||||
Diversified International | — | 16,547 | 87,686 | 104,233 |
Diversified International — Emerging Countries (19.68%); Index Plus International Equity (33.99%); International Capital Appreciation (49.39%); International Value Choice (30.14%). |
ING Global Target Payment Fund — Index Plus International Equity (7.11%). |
ING Life Insurance and Annuity Company — Asia-Pacific Real Estate (49.61%); European Real Estate (79.36%); International SmallCap Multi-Manager (8.68%). |
ING National Trust — International Capital Appreciation (9.23%); International Value (12.21%). |
ING Solution 2015 Portfolio — Global Bond (7.53%). |
ING Solution 2025 Portfolio — Global Bond (11.24%). |
ING Solution 2035 Portfolio — Global Bond (5.67%). |
ING Strategic Allocation Conservative Fund — Emerging Countries (10.57%); Index Plus International Equity (15.09%). |
Reliance Trust Company — International Capital Appreciation (5.96%). |
Sharebuilder Securities Corporation — Global Equity Dividend (9.81%); Greater China (10.09%); Index Plus International Equity (31.69%). |
Fund | Accrued Expenses | Amount | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Natural Resources | Transfer Agent | $ | 39,540 | |||||||
Asia-Pacific Real Estate | Custody | 10,224 | ||||||||
European Real Estate | Custody | 8,471 | ||||||||
Transfer Agent | 1,811 | |||||||||
Professional | 4,300 | |||||||||
Greater China | Custody | 12,972 | ||||||||
Transfer Agent | 32,451 | |||||||||
International Value Choice | Custody | 7,411 | ||||||||
Transfer Agent | 9,570 | |||||||||
Registration | 6,909 | |||||||||
Postage | 11,431 | |||||||||
Diversified International | Transfer Agent | 115,364 | ||||||||
Postage | 64,431 |
Class A | Class B | Class C | Class I | Class O | Class R | Class W | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | 1.40 | % | 2.15 | % | 2.15 | % | 1.15 | % | 1.40 | % | N/A | 1.15 | % | |||||||||||||||||
Global Natural Resources(1) | 2.00 | % | N/A | N/A | 1.75 | % | N/A | N/A | 1.75 | % | ||||||||||||||||||||
Global Real Estate | 1.75 | % | 2.50 | % | 2.50 | % | 1.50 | % | 1.75 | % | N/A | 1.50 | % | |||||||||||||||||
Global Value Choice | 1.50 | % | 2.25 | % | 2.25 | % | 1.25 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
Asia-Pacific Real Estate | 1.75 | % | 2.50 | % | 2.50 | % | 1.50 | % | N/A | N/A | N/A | |||||||||||||||||||
Emerging Countries(2) | 2.25 | % | 2.90 | % | 2.90 | % | 1.75 | % | N/A | N/A | 1.90 | % | ||||||||||||||||||
European Real Estate | 1.75 | % | 2.50 | % | 2.50 | % | 1.50 | % | N/A | N/A | N/A | |||||||||||||||||||
Global Opportunities(3) | 1.50 | % | 2.25 | % | 2.25 | % | 1.15 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
Greater China(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||||||||||||
Index Plus International Equity | 1.15 | % | 1.90 | % | 1.90 | % | 0.90 | % | 1.15 | % | N/A | N/A | ||||||||||||||||||
International Capital Appreciation | 1.50 | % | 2.25 | % | 2.25 | % | 1.25 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
International Real Estate | 1.50 | % | 2.25 | % | 2.25 | % | 1.25 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
International SmallCap Multi-Manager | 1.95 | % | 2.60 | % | 2.60 | % | 1.40 | % | 1.85 | % | N/A | 1.60 | % | |||||||||||||||||
International Value(5) | 1.80 | % | 2.50 | % | 2.50 | % | 1.50 | % | N/A | N/A | 1.50 | % | ||||||||||||||||||
International Value Choice | 1.70 | % | 2.45 | % | 2.45 | % | 1.45 | % | N/A | N/A | 1.45 | % | ||||||||||||||||||
Russia(6) | 2.75 | % | N/A | N/A | 2.50 | % | N/A | N/A | N/A | |||||||||||||||||||||
Global Bond | 0.90 | % | 1.65 | % | 1.65 | % | 0.61 | % | 0.90 | % | N/A | 0.65 | % | |||||||||||||||||
Diversified International(7) | 0.50 | % | 1.25 | % | 1.25 | % | 0.25 | % | 0.50 | % | 0.75 | % | 0.25 | % |
(1) | Effective January 1, 2010, the expense limits for Class A, I and W were revised from 2.75%, 2.50% and 2.50%, respectively, to limits set forth in the table above. |
(2) | Pursuant to a side agreement, ING Investments has lowered the expense limits for Emerging Countries through at least March 1, 2011. The expense limits for Emerging Countries are 2.10%, 2.85% and 2.85% for Class A, B and C shares, respectively. If, after March 1, 2011, ING Investments elects not to renew the side agreement, the expense limits will revert to the limits listed in the table above. There is no guarantee that this side agreement will continue after that date. The side agreement will only renew if ING Investments elects to renew it. Any fees waived pursuant to the side agreement shall not be eligible for recoupment. |
(3) | Effective June 30, 2010, the expense limits for Global Opportunities were revised from 1.95%, 2.70%, 2.70%, 1.60% and 1.45% for Class A, B, C, I and W shares, respectively, to the limits set forth in the table above. Prior to June 30, 2010, pursuant to a side agreement, ING Investments lowered the expense limits for Global Opportunities. The expense limits for Global Opportunities were 1.70%, 2.45%, 2.45% and 1.35% for class A, B, C and I shares, respectively. Effective June 30, 2010, pursuant to a side agreement, ING Investments has lowered the expense limit for Global Opportunities to 1.05% for Class I shares through at least March 1, 2012. If, after March 1, 2012, ING Investments elects not to renew the side agreement, the expense limit will revert to the limit listed in the table above. There is no guarantee that this side agreement will continue after that date. The side agreement will only renew if ING Investments elects to renew it. |
(4) | Pursuant to a side agreement, the expense limits for Greater China are 2.10%, 2.85%, 2.85%, 1.85% and 2.10% for Class A, B, C, I and O shares, respectively, through March 1, 2011. There is no guarantee that this side agreement will continue after that date. This side agreement will only renew if ING Investments elects to renew it. Any fees waived pursuant to the side agreement shall not be eligible for recoupment. |
(5) | The expense limits for International Value are effective April 1, 2010. Prior to April 1, 2010, International Value did not have an expense limit. |
(6) | Effective January 1, 2010, the expense limits for Class A and I were revised from 3.35% and 3.10%, respectively, to limits set forth in the table above. |
(7) | The operating expense limits for Diversified International set out above apply only at the fund level and do not limit the fees payable by the underlying investment companies in which the fund invests. Effective March 1, 2010, the expense limits for Class O and W were revised from 0.35% and 0.10%, respectively, to limits set forth in the table above. Including the expenses of the underlying Investment Companies, the expense limits for Diversified International are 1.65%, 2.40%, 2.40%, 1.40%, 1.65%, 1.90% and 1.40% for Class A, B, C, I, O, R and W shares, respectively. |
2011 | 2012 | 2013 | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | 21,419 | $ | 172,058 | $ | — | $ | 193,477 | ||||||||||
Asia-Pacific Real Estate | 142,848 | 116,219 | 81,788 | 340,855 | ||||||||||||||
European Real Estate | — | 209,182 | 90,568 | 299,750 | ||||||||||||||
Greater China | — | 60,086 | 2,687 | 62,773 | ||||||||||||||
Index Plus International Equity | 936,939 | 22,838 | 22,288 | 982,065 | ||||||||||||||
International Capital Appreciation | — | 25,287 | 193,638 | 218,925 | ||||||||||||||
Global Bond | 86,497 | 272,426 | 365,110 | 724,033 | ||||||||||||||
Diversified International | 1,337,950 | 786,289 | 472,043 | 2,596,282 |
2011 | 2012 | 2013 | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Value Choice | ||||||||||||||||||
Class W | $ | — | $ | — | $ | 286 | $ | 286 | ||||||||||
Global Opportunities | ||||||||||||||||||
Class A | $ | — | $ | 60,601 | $ | 50,223 | $ | 110,824 | ||||||||||
Class B | — | 8,618 | 8,058 | 16,676 | ||||||||||||||
Class C | — | 47,861 | 43,870 | 91,731 | ||||||||||||||
Class W | — | — | 1,125 | 1,125 | ||||||||||||||
Index Plus International Equity | ||||||||||||||||||
Class A | $ | — | $ | 30,515 | $ | 11,667 | $ | 42,182 | ||||||||||
Class B | — | 4,392 | 1,268 | 5,660 | ||||||||||||||
Class C | — | 4,534 | 1,761 | 6,295 | ||||||||||||||
Class O | — | 146,637 | 60,711 | 207,348 | ||||||||||||||
International Real Estate | ||||||||||||||||||
Class A | $ | — | $ | 158,438 | $ | 405 | $ | 158,843 | ||||||||||
Class B | — | 6,996 | 96 | 7,092 | ||||||||||||||
Class C | — | 51,655 | 612 | 52,267 | ||||||||||||||
Class W | — | — | 14 | 14 | ||||||||||||||
International Value Choice | ||||||||||||||||||
Class A | $ | — | $ | 13,778 | $ | 15,874 | $ | 29,652 | ||||||||||
Class B | — | 2,169 | 1,164 | 3,333 | ||||||||||||||
Class C | — | 3,921 | 3,756 | 7,677 | ||||||||||||||
Class W | — | — | 21 | 21 | ||||||||||||||
Diversified International | ||||||||||||||||||
Class A | $ | — | $ | 39,041 | $ | 13,391 | $ | 52,432 | ||||||||||
Class B | — | 5,755 | 2,176 | 7,931 | ||||||||||||||
Class C | — | 21,656 | 7,365 | 29,021 | ||||||||||||||
Class O | — | 1,830 | 1,800 | 3,630 | ||||||||||||||
Class R | — | 54 | 21 | 75 | ||||||||||||||
Class W | — | 2,307 | 1,912 | 4,219 |
CHF Notional | USD Notional | Cost | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/09 | 7,164,109 | 12,978,000 | $ | 191,984 | ||||||||||
Options Purchased | — | 336,557,007 | 3,327,823 | |||||||||||
Options Terminated in Closing Sell Transactions | (7,164,109 | ) | (51,823,540 | ) | (479,189 | ) | ||||||||
Options Expired | — | (142,711,467 | ) | (847,801 | ) | |||||||||
Balance at 10/31/10 | — | 155,000,000 | $ | 2,192,817 |
USD Notional | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/09 | — | $ | — | |||||||
Options Purchased | 43,041,000 | 305,591 | ||||||||
Options Terminated in Closing Sell Transactions | — | — | ||||||||
Options Expired | (43,041,000 | ) | (305,591 | ) | ||||||
Balance at 10/31/10 | — | $ | — |
CHF Notional | USD Notional | Premiums Received | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/09 | 7,164,109 | 12,978,000 | $ | 218,966 | ||||||||||
Options Written | — | 314,549,007 | 2,596,096 | |||||||||||
Options Terminated in Closing Purchase Transactions | (7,164,109 | ) | (29,323,540 | ) | (402,037 | ) | ||||||||
Options Expired | — | (91,403,467 | ) | (488,038 | ) | |||||||||
Balance at 10/31/10 | — | 206,800,000 | $ | 1,924,987 |
USD Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/09 | — | $ | — | |||||||
Options Written | 86,082,000 | 178,620 | ||||||||
Options Terminated in Closing Purchase Transactions | — | — | ||||||||
Options Expired | (86,082,000 | ) | (178,620 | ) | ||||||
Balance at 10/31/10 | — | $ | — |
USD Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/09 | — | $ | — | |||||||
Options Written | 21,659,000 | 416,936 | ||||||||
Options Terminated in Closing Purchase Transactions | (21,659,000 | ) | (416,936 | ) | ||||||
Options Expired | — | — | ||||||||
Balance at 10/31/10 | — | $ | — |
Fund | Days Utilized | Approximate Average Daily Balance for Days Utilized | Approximate Weighted Average Interest Rate for Days Utilized | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Natural Resources | 10 | $ | 877,500 | 1.39 | % | |||||||||
Asia-Pacific Real Estate | 6 | 193,333 | 1.36 | % | ||||||||||
Emerging Countries | 9 | 2,072,222 | 1.44 | % | ||||||||||
European Real Estate | 5 | 746,000 | 1.37 | % | ||||||||||
Global Opportunities(1) | 90 | 1,563,389 | 1.41 | % | ||||||||||
Greater China | 24 | 806,875 | 1.44 | % | ||||||||||
Index Plus International Equity | 81 | 889,877 | 1.43 | % | ||||||||||
International Capital Appreciation | 44 | 694,659 | 1.41 | % | ||||||||||
International Real Estate | 9 | 5,678,889 | 1.37 | % | ||||||||||
International SmallCap Multi-Manager | 88 | 960,739 | 1.38 | % | ||||||||||
International Value | 148 | 3,811,791 | 1.40 | % | ||||||||||
International Value Choice | 3 | 3,535,000 | 1.44 | % | ||||||||||
Global Bond | 61 | 1,569,262 | 1.43 | % |
(1) | At October 31, 2010, Global Opportunities had an outstanding balance of $2,390,000. |
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Global Equity Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 866,925 | — | 86,029 | (1,812,822 | ) | — | (859,868 | ) | 8,475,129 | — | — | 826,073 | — | (17,858,240 | ) | — | (8,557,038 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 910,513 | — | 120,461 | (3,249,618 | ) | — | (2,218,644 | ) | 7,243,833 | — | — | 996,853 | — | (26,003,285 | ) | — | (17,762,599 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 35,025 | — | 17,471 | (683,413 | ) | — | (630,917 | ) | 342,001 | — | — | 165,967 | — | (6,646,863 | ) | — | (6,138,895 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 78,456 | — | 30,196 | (825,295 | ) | — | (716,643 | ) | 634,273 | — | — | 249,985 | — | (6,553,571 | ) | — | (5,669,313 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 188,781 | — | 35,118 | (1,459,491 | ) | — | (1,235,592 | ) | 1,859,348 | — | — | 332,680 | — | (14,234,997 | ) | — | (12,042,969 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 468,872 | — | 55,436 | (2,066,211 | ) | — | (1,541,903 | ) | 3,852,465 | — | — | 458,079 | — | (16,369,585 | ) | — | (12,059,041 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,198,519 | — | 12,480 | (204,185 | ) | — | 1,006,814 | 11,619,730 | — | — | 121,733 | — | (1,987,575 | ) | — | 9,753,888 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 97,132 | — | 5,729 | (46,693 | ) | — | 56,168 | 767,296 | — | — | 47,693 | — | (375,732 | ) | — | 439,257 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 218,071 | — | 1,672 | (377,480 | ) | — | (157,737 | ) | 2,141,770 | — | — | 16,065 | — | (3,735,705 | ) | — | (1,577,870 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 276,310 | — | 2,762 | (369,666 | ) | — | (90,594 | ) | 2,213,745 | — | — | 22,787 | — | (2,950,118 | ) | — | (713,586 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,658,473 | — | 52,701 | (432,567 | ) | — | 1,278,607 | 17,752,111 | — | — | 551,389 | — | (4,623,735 | ) | — | 13,679,765 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,239,182 | — | 23,282 | (189,981 | ) | — | 2,072,483 | 19,974,951 | — | — | 218,131 | — | (1,849,607 | ) | — | 18,343,475 | |||||||||||||||||||||||||||||||||||||||||||
Global Natural Resources | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,360,810 | — | 31,815 | (2,599,161 | ) | — | (1,206,536 | ) | 11,296,166 | — | — | 260,562 | — | (21,434,666 | ) | — | (9,877,938 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,470,178 | — | 787,696 | (1,932,899 | ) | — | 324,975 | 9,701,353 | — | — | 4,962,490 | — | (12,571,476 | ) | — | 2,092,367 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 758,038 | — | 495 | (486,327 | ) | — | 272,206 | 6,403,842 | — | — | 4,044 | — | (3,683,147 | ) | — | 2,724,739 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 73,310 | — | 1,015 | (9,277 | ) | — | 65,048 | 461,755 | — | — | 6,371 | — | (60,312 | ) | — | 407,814 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 18,326 | — | 96 | (3,258 | ) | — | 15,164 | 193,162 | — | — | 986 | — | (33,692 | ) | — | 160,456 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 18,740 | — | 204 | (3,315 | ) | — | 15,629 | 167,106 | — | — | 1,612 | — | (32,689 | ) | — | 136,029 | |||||||||||||||||||||||||||||||||||||||||||
Global Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 36,101,595 | — | 2,747,909 | (28,902,801 | ) | — | 9,946,703 | 529,789,609 | — | — | 40,220,542 | — | (426,260,118 | ) | — | 143,750,033 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 35,273,811 | — | 1,466,408 | (40,636,758 | ) | — | (3,896,539 | ) | 408,890,679 | — | — | 16,720,591 | — | (432,634,570 | ) | — | (7,023,300 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 65,343 | — | 81,945 | (494,090 | ) | — | (346,802 | ) | 819,763 | — | — | 1,003,378 | — | (5,993,064 | ) | — | (4,169,923 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 166,384 | — | 49,738 | (587,295 | ) | — | (371,173 | ) | 1,702,193 | — | — | 473,970 | — | (5,308,965 | ) | — | (3,132,802 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 4,642,825 | — | 479,930 | (2,927,692 | ) | — | 2,195,063 | 60,749,179 | — | — | 6,210,490 | — | (37,954,330 | ) | — | 29,005,339 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,985,466 | — | 254,710 | (5,057,405 | ) | — | (1,817,229 | ) | 32,724,474 | — | — | 2,561,518 | — | (49,038,114 | ) | — | (13,752,122 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 56,047,518 | — | 2,362,378 | (14,694,987 | ) | — | 43,714,909 | 819,376,161 | — | — | 34,557,613 | — | (216,539,062 | ) | — | 637,394,712 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 26,525,227 | — | 902,861 | (13,297,323 | ) | — | 14,130,765 | 309,867,495 | — | — | 10,316,518 | — | (154,903,172 | ) | — | 165,280,841 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 149,356 | — | 1,790 | (188,857 | ) | — | (37,711 | ) | 2,206,785 | — | — | 26,198 | — | (2,797,854 | ) | — | (564,871 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 165,069 | — | 1,903 | (231,028 | ) | — | (64,056 | ) | 1,869,772 | — | — | 21,409 | — | (2,599,886 | ) | — | (708,705 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8,813,884 | — | 591,867 | (4,773,471 | ) | — | 4,632,280 | 129,335,342 | — | — | 8,679,094 | — | (69,779,415 | ) | — | 68,235,021 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10,717,462 | — | 273,573 | (4,367,066 | ) | — | 6,623,969 | 115,194,535 | — | — | 3,106,650 | — | (50,267,972 | ) | — | 68,033,213 | |||||||||||||||||||||||||||||||||||||||||||
Global Value Choice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 5,123,750 | — | 19,446 | (2,928,701 | ) | — | 2,214,495 | 148,107,340 | 218,157 | — | 545,422 | — | (85,125,992 | ) | — | 63,744,927 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6,538,227 | — | — | (4,714,108 | ) | — | 1,824,119 | 132,608,998 | — | — | — | — | (98,627,829 | ) | — | 33,981,169 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 53,756 | — | 526 | (84,564 | ) | — | (30,282 | ) | 1,632,312 | 10,831 | — | 15,683 | — | (2,589,534 | ) | — | (930,708 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 97,118 | — | — | (214,707 | ) | — | (117,589 | ) | 2,359,749 | — | — | — | — | (4,388,375 | ) | — | (2,028,626 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 2,121,677 | — | 3,072 | (613,310 | ) | — | 1,511,439 | 58,258,559 | 94,969 | — | 81,317 | — | (16,836,867 | ) | — | 41,597,978 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 964,841 | — | — | (331,636 | ) | — | 633,205 | 20,983,932 | — | — | — | — | (6,137,973 | ) | — | 14,845,959 |
NOTE 12 — CAPITAL SHARES (continued)
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Global Value Choice (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 4,714,094 | — | 3,454 | (376,334 | ) | — | 4,341,214 | 139,901,518 | 52,839 | — | 97,710 | — | (10,950,977 | ) | — | 129,101,090 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 216,033 | — | — | (165,913 | ) | — | 50,120 | 4,623,100 | — | — | — | — | (3,400,709 | ) | — | 1,222,391 | |||||||||||||||||||||||||||||||||||||||||||
Class Q(2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 94,329 | — | 141 | (90,249 | ) | (89,157 | ) | (84,936 | ) | 164,212 | — | — | 4,706 | — | (35,023 | ) | (2,937,993 | ) | (2,804,098 | ) | |||||||||||||||||||||||||||||||||||||||
10-31-09 | 137,594 | — | — | (120,545 | ) | — | 17,049 | 3,299,839 | — | — | — | — | (3,102,099 | ) | — | 197,740 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 968,515 | — | 544 | (144,162 | ) | 104,290 | 929,187 | 28,782,179 | 12,728 | — | 15,268 | — | (4,229,081 | ) | 2,937,993 | 27,519,087 | |||||||||||||||||||||||||||||||||||||||||||
06-01-09(1)-10-31-09 | 10,629 | — | — | (1,190 | ) | — | 9,439 | 292,141 | — | — | — | — | (32,898 | ) | — | 259,243 | |||||||||||||||||||||||||||||||||||||||||||
Asia-Pacific Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 457,395 | — | 6,640 | (113,419 | ) | — | 350,616 | 2,456,342 | — | — | 36,602 | — | (632,641 | ) | — | 1,860,303 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 70,910 | — | 1,315 | (159,906 | ) | — | (87,681 | ) | 396,983 | — | — | 6,056 | — | (668,134 | ) | — | (265,095 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 795 | — | 484 | (6 | ) | — | 1,273 | 4,860 | — | — | 2,605 | — | (35 | ) | — | 7,430 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 647 | — | 77 | (9 | ) | — | 715 | 3,076 | — | — | 348 | — | (54 | ) | — | 3,370 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 75,665 | — | 2,186 | (200,328 | ) | — | (122,477 | ) | 397,260 | — | — | 11,770 | — | (1,080,404 | ) | — | (671,374 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 114,637 | — | 237 | (736,123 | ) | — | (621,249 | ) | 593,919 | — | — | 1,091 | — | (3,103,015 | ) | — | (2,508,005 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,019 | — | — | (697 | ) | — | 322 | 5,655 | — | — | — | — | (3,509 | ) | — | 2,146 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | — | — | — | (1 | ) | — | (1 | ) | — | — | — | — | — | (6 | ) | — | (6 | ) | |||||||||||||||||||||||||||||||||||||||||
Emerging Countries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 391,234 | — | — | (677,274 | ) | — | (286,040 | ) | 10,144,971 | — | — | — | — | (17,371,829 | ) | — | (7,226,858 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 511,157 | — | 94,935 | (1,077,430 | ) | — | (471,338 | ) | 10,120,722 | 787,440 | — | 1,498,911 | — | (18,239,250 | ) | — | (5,832,177 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9,310 | — | — | (84,210 | ) | — | (74,900 | ) | 241,118 | — | — | — | — | (2,117,568 | ) | — | (1,876,450 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 28,193 | — | 2,330 | (92,590 | ) | — | (62,067 | ) | 568,063 | 52,639 | — | 36,664 | — | (1,546,719 | ) | — | (889,353 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 73,192 | — | — | (244,887 | ) | — | (171,695 | ) | 1,764,576 | — | — | — | — | (5,865,221 | ) | — | (4,100,645 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 118,019 | — | 10,848 | (346,829 | ) | — | (217,962 | ) | 2,032,627 | 189,173 | — | 160,382 | — | (5,702,039 | ) | — | (3,319,857 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 2,259,040 | — | — | (1,076,917 | ) | — | 1,182,123 | 60,266,679 | — | — | — | — | (27,249,282 | ) | — | 33,017,397 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 717,479 | — | 46,082 | (607,296 | ) | — | 156,265 | 12,379,748 | 295,440 | — | 725,836 | — | (10,528,832 | ) | — | 2,872,192 | |||||||||||||||||||||||||||||||||||||||||||
Class Q(3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 32,646 | — | — | (91,200 | ) | (256,659 | ) | (315,213 | ) | 859,069 | — | — | — | — | (2,418,652 | ) | (6,866,484 | ) | (8,426,067 | ) | |||||||||||||||||||||||||||||||||||||||
10-31-09 | 239,986 | — | 8,656 | (240,918 | ) | — | 7,724 | 4,724,590 | 75,204 | — | 141,928 | — | (4,437,488 | ) | — | 504,234 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 39,306 | — | — | (86,880 | ) | 254,590 | 207,016 | 1,086,722 | — | — | — | — | (2,344,010 | ) | 6,866,484 | 5,609,196 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 3,260 | — | 56 | (1,682 | ) | — | 1,634 | 68,462 | 384 | — | 928 | — | (29,160 | ) | — | 40,614 | |||||||||||||||||||||||||||||||||||||||||||
European Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 86,491 | — | 11,807 | (438,051 | ) | — | (339,753 | ) | 584,972 | — | — | 76,992 | — | (2,896,476 | ) | — | (2,234,512 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 380,060 | — | 5,024 | (42,539 | ) | — | 342,545 | 2,499,959 | — | — | 24,404 | — | (231,184 | ) | — | 2,293,179 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12,614 | — | 1,297 | (1,455 | ) | — | 12,456 | 91,036 | — | — | 8,395 | — | (9,730 | ) | — | 89,701 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,865 | — | 123 | (548 | ) | — | 2,440 | 13,462 | — | — | 586 | — | (2,806 | ) | — | 11,242 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 15,418 | — | 751 | (13,382 | ) | — | 2,787 | 103,288 | — | — | 4,887 | — | (78,164 | ) | — | 30,011 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,342 | — | 420 | (1,047 | ) | — | 715 | 8,521 | — | — | 2,002 | — | (6,484 | ) | — | 4,039 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 9,962 | — | — | (3,878 | ) | — | 6,084 | 65,754 | — | — | — | — | (23,299 | ) | — | 42,455 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | — | — | — | (1 | ) | — | (1 | ) | — | — | — | — | — | (6 | ) | — | (6 | ) |
(1) | Commencement of operations. |
(2) | Effective November 20, 2009, Class Q shareholders of Global Value Choice, Global Opportunities, International SmallCap Multi-Manager and International Value were converted to Class W shares of each respective Fund. |
(3) | Effective March 8, 2010, Class Q shareholders of Emerging Countries and International Capital Appreciation were converted to Class W shares of each respective Fund. |
NOTE 12 — CAPITAL SHARES (continued)
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Global Opportunities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 614,053 | — | — | (3,972,450 | ) | — | (3,358,397 | ) | 8,153,063 | — | — | — | — | (52,591,257 | ) | — | (44,438,194 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,371,631 | — | 284,304 | (7,301,637 | ) | — | (5,645,702 | ) | 15,185,123 | — | — | 3,268,720 | — | (78,630,589 | ) | — | (60,176,746 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,570 | — | — | (464,057 | ) | — | (462,487 | ) | 21,114 | — | — | — | — | (5,819,434 | ) | — | (5,798,320 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 55,680 | — | 30,318 | (630,033 | ) | — | (544,035 | ) | 594,826 | — | — | 337,982 | — | (6,541,059 | ) | — | (5,608,251 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 327,260 | — | — | (2,866,616 | ) | — | (2,539,356 | ) | 4,200,079 | — | — | — | — | (36,057,889 | ) | — | (31,857,810 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 627,944 | — | 167,024 | (3,714,605 | ) | — | (2,919,637 | ) | 6,702,848 | — | — | 1,862,026 | — | (39,092,373 | ) | — | (30,527,499 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 698,191 | — | — | (5,029,565 | ) | — | (4,331,374 | ) | 9,920,604 | — | — | — | — | (65,889,490 | ) | — | (55,968,886 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,039,880 | — | 280,181 | (3,037,898 | ) | — | (717,837 | ) | 22,812,939 | — | — | 3,268,812 | — | (32,771,577 | ) | — | (6,689,826 | ) | |||||||||||||||||||||||||||||||||||||||||
Class Q(2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | — | — | — | — | (1,775 | ) | (1,775 | ) | — | — | — | — | — | — | (24,700 | ) | (24,700 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | — | — | 57 | (3,945 | ) | — | (3,888 | ) | — | — | — | 675 | — | (41,702 | ) | — | (41,027 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 82,610 | — | — | (28,018 | ) | 1,677 | 56,269 | 1,209,837 | — | — | — | — | (389,991 | ) | 24,700 | 844,546 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 31,220 | — | 1,029 | (15,049 | ) | — | 17,200 | 373,143 | — | — | 12,878 | — | (181,480 | ) | — | 204,541 | |||||||||||||||||||||||||||||||||||||||||||
Greater China | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 562,404 | — | 30,852 | (1,068,369 | ) | — | (475,113 | ) | 8,263,372 | — | — | 455,094 | — | (15,405,908 | ) | — | (6,687,442 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,620,136 | — | 123,707 | (1,659,729 | ) | — | 84,114 | 19,265,434 | — | — | 1,239,574 | — | (18,938,896 | ) | — | 1,566,112 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11,223 | — | 1,446 | (71,364 | ) | — | (58,695 | ) | 163,319 | — | — | 21,202 | — | (1,011,153 | ) | — | (826,632 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 80,471 | — | 11,348 | (71,120 | ) | — | 20,699 | 942,985 | — | — | 113,136 | — | (788,399 | ) | — | 267,722 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 125,268 | — | 4,167 | (209,770 | ) | — | (80,335 | ) | 1,852,886 | — | — | 61,091 | — | (3,035,530 | ) | — | (1,121,553 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 303,440 | — | 14,271 | (177,326 | ) | — | 140,385 | 3,924,773 | — | — | 142,714 | — | (2,096,269 | ) | — | 1,971,218 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 139,550 | — | 938 | (54,154 | ) | — | 86,334 | 2,090,745 | — | — | 13,788 | — | (795,411 | ) | — | 1,309,122 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 74,850 | — | 480 | (31,315 | ) | — | 44,015 | 1,012,075 | — | — | 4,797 | — | (448,599 | ) | — | 568,273 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 221,453 | — | — | (152,009 | ) | — | 69,444 | 3,243,169 | — | — | — | — | (2,199,401 | ) | — | 1,043,768 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 270,635 | — | — | (83,831 | ) | — | 186,804 | 3,346,554 | — | — | — | — | (1,090,406 | ) | — | 2,256,148 | |||||||||||||||||||||||||||||||||||||||||||
Index Plus International Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 126,350 | — | 19,995 | (204,662 | ) | — | (58,317 | ) | 1,002,690 | 1,182 | — | 158,654 | — | (1,604,935 | ) | — | (442,409 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 101,065 | — | 50,580 | (508,408 | ) | — | (356,763 | ) | 656,750 | 42,188 | — | 316,123 | — | (3,249,309 | ) | — | (2,234,248 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,442 | — | 1,260 | (66,899 | ) | — | (64,197 | ) | 11,844 | 127 | — | 10,068 | — | (524,252 | ) | — | (502,213 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 13,926 | — | 3,810 | (110,968 | ) | — | (93,232 | ) | 86,071 | 5,630 | — | 23,930 | — | (680,898 | ) | — | (565,267 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 16,860 | — | 1,572 | (59,997 | ) | — | (41,565 | ) | 133,565 | 178 | — | 12,475 | — | (461,012 | ) | — | (314,794 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 26,669 | — | 3,268 | (52,196 | ) | — | (22,259 | ) | 162,592 | 6,257 | — | 20,424 | — | (310,039 | ) | — | (120,766 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6,522,224 | — | 129,035 | (3,480,056 | ) | — | 3,171,203 | 46,778,930 | 6,746 | — | 1,023,724 | — | (27,889,386 | ) | — | 19,920,014 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,779,458 | — | 437,590 | (4,214,852 | ) | — | (1,997,804 | ) | 11,549,179 | 239,494 | — | 2,730,559 | — | (26,438,519 | ) | — | (11,919,287 | ) | |||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 396,697 | — | 6,275 | (975,579 | ) | — | (572,607 | ) | 3,094,755 | 6,130 | — | 49,354 | — | (7,629,960 | ) | — | (4,479,721 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 636,241 | — | 33,354 | (1,142,220 | ) | — | (472,625 | ) | 3,958,056 | 204,241 | — | 206,799 | — | (7,174,283 | ) | — | (2,805,187 | ) | |||||||||||||||||||||||||||||||||||||||||
International Capital Appreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 254,793 | — | — | (676,394 | ) | — | (421,601 | ) | 2,406,542 | 4,565 | — | — | — | (6,403,411 | ) | — | (3,992,304 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 102,826 | 2,847,730 | 1,714 | (335,120 | ) | — | 2,617,150 | 880,999 | — | 24,468,063 | 12,234 | — | (2,601,438 | ) | — | 22,759,858 |
(2) | Effective November 20, 2009, Class Q shareholders of Global Value Choice, Global Opportunities, International SmallCap Multi-Manager and International Value were converted to Class W shares of each respective Fund. |
NOTE 12 — CAPITAL SHARES (continued)
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
International Capital Appreciation (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12,264 | — | — | (248,489 | ) | — | (236,225 | ) | 120,843 | 720 | — | — | — | (2,291,677 | ) | — | (2,170,114 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 48,165 | 463,335 | 252 | (55,669 | ) | — | 456,083 | 395,179 | — | 3,950,116 | 2,182 | — | (424,084 | ) | — | 3,923,393 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 30,886 | — | — | (148,512 | ) | — | (117,626 | ) | 293,890 | 1,413 | — | — | — | (1,390,616 | ) | — | (1,095,313 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 29,940 | 836,791 | 81 | (49,346 | ) | — | 817,466 | 253,183 | — | 7,160,428 | 703 | — | (405,801 | ) | — | 7,008,513 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 2,169,135 | — | — | (2,964,930 | ) | — | (795,795 | ) | 20,494,871 | 8,679 | — | — | — | (28,544,870 | ) | — | (8,041,320 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,850,459 | 847,064 | 215,139 | (3,481,989 | ) | — | (569,327 | ) | 11,581,208 | — | 7,244,473 | 1,505,866 | — | (23,752,279 | ) | — | (3,420,732 | ) | |||||||||||||||||||||||||||||||||||||||||
Class Q(3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 37,938 | — | (104,931 | ) | (1,225,201 | ) | (1,292,194 | ) | 364,883 | — | — | — | — | (1,009,772 | ) | (11,746,943 | ) | (12,391,832 | ) | ||||||||||||||||||||||||||||||||||||||||
10-31-09 | 20,196 | 1,352,395 | — | (80,397 | ) | — | 1,292,194 | 184,872 | — | 11,617,182 | — | — | (729,208 | ) | — | 11,072,846 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 155,240 | — | (312,970 | ) | 1,225,201 | 1,067,471 | 1,481,249 | 2,087 | — | — | — | (2,977,745 | ) | 11,746,943 | 10,252,534 | ||||||||||||||||||||||||||||||||||||||||||||
08-07-09(1)-10-31-09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
International Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 17,430,471 | — | 1,077,729 | (5,113,917 | ) | — | 13,394,283 | 143,696,684 | — | — | 8,750,749 | — | (40,981,653 | ) | — | 111,465,780 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 10,856,139 | — | 187,058 | (10,216,094 | ) | — | 827,103 | 80,995,390 | — | — | 1,251,514 | — | (68,335,161 | ) | — | 13,911,743 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 6,840 | — | 24,106 | (147,551 | ) | — | (116,605 | ) | 56,443 | — | — | 195,645 | — | (1,177,651 | ) | — | (925,563 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 32,511 | — | 6,668 | (161,717 | ) | — | (122,538 | ) | 221,994 | — | — | 44,407 | — | (1,010,676 | ) | — | (744,275 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 522,991 | — | 141,243 | (897,985 | ) | — | (233,751 | ) | 4,272,321 | — | — | 1,145,053 | — | (7,065,323 | ) | — | (1,647,949 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 463,520 | — | 37,943 | (2,688,671 | ) | — | (2,187,208 | ) | 3,385,481 | — | — | 252,590 | — | (16,625,935 | ) | — | (12,987,864 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11,079,060 | — | 793,073 | (16,225,470 | ) | — | (4,353,337 | ) | 88,767,647 | — | — | 6,460,402 | — | (129,642,398 | ) | — | (34,414,349 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 24,743,016 | — | 397,990 | (21,468,261 | ) | — | 3,672,745 | 157,988,044 | — | — | 2,682,070 | — | (146,561,555 | ) | — | 14,108,559 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 485,261 | — | 11,307 | (157,469 | ) | — | 339,099 | 3,996,867 | — | — | 92,174 | — | (1,255,296 | ) | — | 2,833,745 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 222,598 | — | 1,804 | (22,663 | ) | — | 201,739 | 1,729,123 | — | — | 12,716 | — | (171,266 | ) | — | 1,570,573 | |||||||||||||||||||||||||||||||||||||||||||
International SmallCap Multi-Manager | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 818,452 | — | 46,987 | (2,671,591 | ) | — | (1,806,152 | ) | 27,484,915 | 418,709 | — | 1,540,998 | — | (89,612,983 | ) | — | (60,168,361 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,348,432 | — | 150,477 | (2,921,857 | ) | — | (1,422,948 | ) | 33,018,290 | 1,161,532 | — | 3,373,881 | — | (69,598,429 | ) | — | (32,044,726 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 2,789 | — | 673 | (127,761 | ) | — | (124,299 | ) | 98,399 | 16,420 | — | 23,427 | — | (4,445,789 | ) | — | (4,307,543 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11,148 | — | 2,719 | (266,483 | ) | — | (252,616 | ) | 291,306 | 68,188 | — | 64,369 | — | (6,411,677 | ) | — | (5,987,814 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 33,453 | — | 6,523 | (238,730 | ) | — | (198,754 | ) | 1,058,863 | 74,919 | — | 201,523 | — | (7,456,868 | ) | — | (6,121,563 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 63,914 | — | 20,386 | (405,458 | ) | — | (321,158 | ) | 1,447,283 | 212,607 | — | 429,751 | — | (8,998,765 | ) | — | (6,909,124 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 2,065,296 | — | 45,547 | (1,742,521 | ) | — | 368,322 | 69,833,855 | 426,266 | — | 1,490,905 | — | (57,692,823 | ) | — | 14,058,203 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,715,701 | — | 105,575 | (3,681,362 | ) | — | (860,086 | ) | 69,313,964 | 923,408 | — | 2,362,922 | — | (88,778,751 | ) | — | (16,178,457 | ) | |||||||||||||||||||||||||||||||||||||||||
Class Q(2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11,395 | — | 7,743 | (7,889 | ) | (910,998 | ) | (899,749 | ) | 402,874 | — | — | 276,272 | — | (280,396 | ) | (31,864,997 | ) | (31,466,247 | ) | |||||||||||||||||||||||||||||||||||||||
10-31-09 | 181,108 | — | 42,371 | (1,079,348 | ) | — | (855,869 | ) | 4,856,128 | 221,207 | — | 1,035,594 | — | (25,746,978 | ) | — | (19,634,049 | ) | |||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 24,913 | — | — | (11,765 | ) | — | 13,148 | 826,270 | 2,233 | — | — | — | (390,320 | ) | — | 438,183 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 24,136 | — | — | (8,794 | ) | — | 15,342 | 607,858 | 1,900 | — | — | — | (242,535 | ) | — | 367,223 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 238,386 | — | 7,339 | (462,917 | ) | 841,925 | 624,733 | 9,294,968 | 95,983 | — | 285,158 | — | (18,237,990 | ) | 31,864,997 | 23,303,116 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 126,076 | — | 13,008 | (200,286 | ) | — | (61,202 | ) | 3,561,630 | 73,078 | — | 343,560 | — | (5,206,493 | ) | — | (1,228,225 | ) |
(1) | Commencement of operations. |
(2) | Effective November 20, 2009, Class Q shareholders of Global Value Choice, Global Opportunities, International SmallCap Multi-Manager and International Value were converted to Class W shares of each respective Fund. |
(3) | Effective March 8, 2010, Class Q shareholders of Emerging Countries and International Capital Appreciation were converted to Class W shares of each respective Fund. |
NOTE 12 — CAPITAL SHARES (continued)
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
International Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7,026,226 | — | 710,866 | (25,323,864 | ) | — | (17,586,772 | ) | 78,387,641 | 1,067,929 | — | 8,359,125 | — | (284,580,757 | ) | — | (196,766,062 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 16,601,423 | — | 13,240,763 | (49,286,953 | ) | — | (19,444,767 | ) | 155,743,430 | 417,878 | — | 125,310,400 | — | (456,666,236 | ) | — | (175,194,528 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 21,536 | — | 9,206 | (3,151,447 | ) | — | (3,120,705 | ) | 252,668 | 36,943 | — | 106,986 | — | (34,636,502 | ) | — | (34,239,905 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 136,224 | — | 1,111,861 | (5,749,201 | ) | — | (4,501,116 | ) | 1,262,493 | 28,612 | — | 10,444,144 | — | (53,332,951 | ) | — | (41,597,702 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 181,612 | — | 173,077 | (7,377,003 | ) | — | (7,022,314 | ) | 2,030,780 | 413,632 | — | 1,980,048 | — | (80,336,446 | ) | — | (75,911,986 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,782,967 | — | 4,284,938 | (10,863,629 | ) | — | (4,795,724 | ) | 16,368,193 | 154,097 | — | 39,564,402 | — | (98,584,395 | ) | — | (42,497,703 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 8,233,085 | — | 725,981 | (24,554,669 | ) | — | (15,595,603 | ) | 92,823,046 | 990,243 | — | 8,507,693 | — | (272,895,909 | ) | — | (170,574,927 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 21,932,485 | — | 8,057,767 | (42,131,776 | ) | — | (12,141,524 | ) | 208,458,026 | 345,180 | — | 75,935,416 | — | (403,753,973 | ) | — | (119,015,351 | ) | |||||||||||||||||||||||||||||||||||||||||
Class Q(2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31,392 | — | 24,859 | (5,338 | ) | (2,194,061 | ) | (2,143,148 | ) | 360,000 | — | — | 293,336 | — | (63,436 | ) | (25,186,398 | ) | (24,596,498 | ) | |||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,206,557 | — | 178,994 | (373,051 | ) | — | 1,012,500 | 11,058,551 | 9,674 | — | 1,690,451 | — | (3,285,427 | ) | — | 9,473,249 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 254,958 | — | 4,697 | (374,961 | ) | 2,198,715 | 2,083,409 | 2,705,165 | 36,222 | — | 53,646 | — | (4,246,495 | ) �� | 25,186,398 | 23,734,936 | |||||||||||||||||||||||||||||||||||||||||||
07-20-09(1)-10-31-09 | 288 | — | — | — | — | 288 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
International Value Choice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,310,027 | — | 11,876 | (864,727 | ) | — | 457,176 | 13,301,696 | — | — | 118,571 | — | (8,753,759 | ) | — | 4,666,508 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 844,928 | — | 9,558 | (424,179 | ) | — | 430,307 | 7,718,059 | — | — | 78,920 | — | (3,560,528 | ) | — | 4,236,451 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31,091 | — | 142 | (110,862 | ) | — | (79,629 | ) | 311,747 | — | — | 1,400 | — | (1,113,782 | ) | — | (800,635 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 37,433 | — | 40 | (83,839 | ) | — | (46,366 | ) | 312,771 | — | — | 332 | — | (679,570 | ) | �� | — | (366,467 | ) | ||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 153,510 | — | 281 | (100,652 | ) | — | 53,139 | 1,531,145 | — | — | 2,772 | — | (1,009,276 | ) | — | 524,641 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 240,962 | — | 67 | (117,188 | ) | — | 123,841 | 2,061,616 | — | — | 557 | — | (940,153 | ) | — | 1,122,020 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 730,868 | — | 22,826 | (1,997,018 | ) | — | (1,243,324 | ) | 7,510,456 | — | — | 227,476 | — | (20,171,373 | ) | — | (12,433,441 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 496,035 | — | 64,604 | (2,471,198 | ) | — | (1,910,559 | ) | 4,189,609 | — | — | 532,021 | — | (19,412,031 | ) | — | (14,690,401 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 3,055 | — | — | (327 | ) | — | 2,728 | 30,970 | — | — | — | — | (3,196 | ) | — | 27,774 | |||||||||||||||||||||||||||||||||||||||||||
06-01-09(1)-10-31-09 | 327 | — | — | — | — | 327 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
Russia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,844,234 | — | — | (3,034,687 | ) | — | (1,190,453 | ) | 62,096,502 | — | — | — | 369,837 | (99,820,501 | ) | — | (37,354,162 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 3,136,367 | — | 3,839,001 | (4,536,852 | ) | — | 2,438,516 | 64,169,973 | — | — | 71,291,248 | 262,776 | (78,843,963 | ) | — | 56,880,034 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 287,155 | — | — | (64,795 | ) | — | 222,360 | 9,612,750 | — | — | — | 4,943 | (2,164,098 | ) | — | 7,453,595 | |||||||||||||||||||||||||||||||||||||||||||
09-30-09(1)-10-31-09 | 106 | — | — | — | — | 106 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
Global Bond | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 13,465,862 | — | 605,364 | (6,875,428 | ) | — | 7,195,798 | 161,645,282 | — | — | 7,244,781 | — | (81,981,963 | ) | — | 86,908,100 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 6,373,003 | — | 163,753 | (5,903,951 | ) | — | 632,805 | 74,265,421 | — | — | 1,865,656 | — | (65,323,554 | ) | — | 10,807,523 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 118,350 | — | 16,671 | (219,538 | ) | — | (84,517 | ) | 1,409,240 | — | — | 198,357 | — | (2,595,047 | ) | — | (987,450 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 174,593 | — | 9,908 | (164,067 | ) | — | 20,434 | 1,952,301 | — | — | 111,648 | — | (1,817,097 | ) | — | 246,852 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 4,660,773 | — | 175,740 | (1,206,636 | ) | — | 3,629,877 | 55,719,364 | — | — | 2,096,768 | — | (14,299,244 | ) | — | 43,516,888 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,199,636 | — | 72,957 | (1,364,310 | ) | — | 908,283 | 25,493,127 | — | — | 823,517 | — | (15,196,556 | ) | — | 11,120,088 |
(1) | Commencement of operations. |
(2) | Effective November 20, 2009, Class Q shareholders of Global Value Choice, Global Opportunities, International SmallCap Multi-Manager and International Value were converted to Class W shares of each respective Fund. |
NOTE 12 — CAPITAL SHARES (continued)
Year or | Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Shares converted | Net increase (decrease) in shares outstanding | Shares sold | Payments from Distribution settlement/ affiliate (Note 17) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Global Bond (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 12,403,809 | — | 863,246 | (6,327,409 | ) | — | 6,939,646 | 147,582,012 | — | — | 10,302,051 | — | (74,903,934 | ) | — | 82,980,129 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 11,315,341 | — | 185,482 | (402,479 | ) | — | 11,098,344 | 123,295,021 | — | — | 2,192,977 | — | (4,570,432 | ) | — | 120,917,566 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 230,740 | — | 26 | (194,721 | ) | — | 36,045 | 2,729,158 | — | — | 304 | — | (2,281,700 | ) | — | 447,762 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 307,733 | — | 7 | (70,439 | ) | — | 237,301 | 3,487,641 | — | — | 79 | — | (797,912 | ) | — | 2,689,808 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,197,217 | — | 25,142 | (182,411 | ) | — | 1,039,948 | 14,196,899 | — | — | 295,702 | — | (2,144,700 | ) | — | 12,347,901 | |||||||||||||||||||||||||||||||||||||||||||
06-01-09(1)-10-31-09 | 130,083 | — | 372 | (3,321 | ) | — | 127,134 | 1,559,868 | — | — | 4,415 | — | (39,978 | ) | — | 1,524,305 | |||||||||||||||||||||||||||||||||||||||||||
Diversified International | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,461,752 | — | 100,614 | (6,298,412 | ) | — | (4,736,046 | ) | 12,661,601 | — | — | 873,328 | — | (54,252,662 | ) | — | (40,717,733 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 2,533,302 | — | 1,998,138 | (11,750,100 | ) | — | (7,218,660 | ) | 17,593,370 | — | — | 13,047,285 | — | (78,261,758 | ) | — | (47,621,103 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 23,616 | — | 2,543 | (656,163 | ) | — | (630,004 | ) | 203,485 | — | — | 22,049 | — | (5,597,453 | ) | — | (5,371,919 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 174,017 | — | 252,791 | (797,854 | ) | — | (371,046 | ) | 1,189,186 | — | — | 1,650,743 | — | (5,252,991 | ) | — | (2,413,062 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 407,538 | — | 5,029 | (2,790,681 | ) | — | (2,378,114 | ) | 3,485,817 | — | — | 43,547 | — | (23,814,316 | ) | — | (20,284,952 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 1,304,646 | — | 901,364 | (4,385,138 | ) | — | (2,179,128 | ) | 8,889,191 | — | — | 5,877,016 | — | (29,433,360 | ) | — | (14,667,153 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 1,277,026 | — | 3,793 | (684,094 | ) | — | 596,725 | 11,308,009 | — | — | 32,808 | — | (5,797,291 | ) | — | 5,543,526 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 773,346 | — | 90,151 | (477,064 | ) | — | 386,433 | 5,193,236 | — | — | 585,985 | — | (3,165,096 | ) | — | 2,614,125 | |||||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | — | — | 143 | (5,607 | ) | — | (5,464 | ) | — | — | — | 1,233 | — | (44,650 | ) | — | (43,417 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 30 | — | 3,254 | (4,324 | ) | — | (1,040 | ) | 170 | — | — | 21,053 | — | (25,429 | ) | — | (4,206 | ) | |||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 192,733 | — | — | (107,174 | ) | — | 85,559 | 1,656,643 | — | — | — | — | (908,188 | ) | — | 748,455 | |||||||||||||||||||||||||||||||||||||||||||
10-31-09 | 276,907 | — | — | (64,041 | ) | — | 212,866 | 1,938,487 | — | — | — | — | (466,642 | ) | — | 1,471,845 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 117,957 | — | 2,777 | (166,936 | ) | — | (46,202 | ) | 1,027,684 | — | — | 23,940 | — | (1,384,104 | ) | — | (332,480 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-09 | 178,713 | — | 16,022 | (92,628 | ) | — | 102,107 | 1,283,459 | — | — | 103,822 | — | (615,141 | ) | — | 772,140 |
(1) | Commencement of operations. |
Acquiring Fund | Acquired Fund | Total Net Assets of Acquired Fund (000’s) | Total Net Assets of Acquiring Fund (000’s) | Acquired Capital Loss Carryforwards (000’s) | Acquired Fund Unrealized Appreciation (000’s) | Conversion Ratio | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
International | ING International Growth | |||||||||||||||||||||||||
Capital | Opportunities Fund | |||||||||||||||||||||||||
Appreciation | $54,440 | $54,174 | $45,649 | $894 | 0.8897 |
Value of Securities Loaned | Cash Collateral Received* | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | 11,270,811 | $ | 11,621,167 | ||||||
Global Real Estate | 17,891,954 | 19,765,427 | ||||||||
Global Value Choice | 8,826,581 | 9,206,254 | ||||||||
Emerging Countries | 2,151,588 | 2,305,798 | ||||||||
Global Opportunities | 5,104,997 | 5,329,890 | ||||||||
International Capital Appreciation | 3,597,864 | 3,729,793 | ||||||||
International SmallCap Multi-Manager | 1,318,563 | 1,401,458 | ||||||||
International Value | 3,916,586 | 4,124,710 | ||||||||
Russia | 24,331,127 | 25,570,334 |
* | Cash collateral received was invested in the BICR Fund, the fair value of which is presented in the respective Funds’ Summary Portfolios of Investments. |
Paid-in Capital | Undistributed Net Investment Income On Investments | Accumulated Net Realized Gains/(Losses) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | (70,544 | ) | $ | (205,856 | ) | $ | 276,400 | ||||||
Global Natural Resources | (69,803 | ) | 76,218 | (6,415 | ) | |||||||||
Global Real Estate(1)(2) | (135,349 | ) | 70,285,530 | (70,150,181 | ) | |||||||||
Global Value Choice(3) | (57,522,145 | ) | 7,054,308 | 50,467,837 | ||||||||||
Asia-Pacific Real Estate | — | 423,003 | (423,003 | ) | ||||||||||
Emerging Countries | (945,751 | ) | 279,961 | 665,790 | ||||||||||
European Real Estate | — | 227,168 | (227,168 | ) | ||||||||||
Global Opportunities | (122,684 | ) | 1,286,591 | (1,163,907 | ) | |||||||||
Greater China | — | 377,366 | (377,366 | ) | ||||||||||
Index Plus International Equity | (3,107 | ) | (8,690 | ) | 11,797 | |||||||||
International Capital Appreciation | (1,479 | ) | (54,078 | ) | 55,557 | |||||||||
International Real Estate(4) | — | 20,618,740 | (20,618,740 | ) | ||||||||||
International SmallCap Multi-Manager | (87,527 | ) | 230,596 | (143,069 | ) | |||||||||
International Value | (215,319 | ) | (1,198,090 | ) | 1,413,409 |
Paid-in Capital | Undistributed Net Investment Income On Investments | Accumulated Net Realized Gains/(Losses) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
International Value Choice | $ | — | $ | (32,361 | ) | $ | 32,361 | |||||||
Russia | (3,986,850 | ) | 3,970,449 | 16,401 | ||||||||||
Global Bond | — | 2,419,280 | (2,419,280 | ) |
(1) | As of the Fund’s tax year ended December 31, 2009. |
(2) | $70,509,538 relates to the tax treatment of passive foreign investment companies. |
(3) | $57,489,189 relates to the expiration of capital loss carryforwards. |
(4) | $25,477,239 relates to the tax treatment of passive foreign investment companies. |
Year Ended October 31, 2010 | Year Ended October 31, 2009 | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Ordinary Income | Return of Capital | Ordinary Income | Long-Term Capital Gains | Return of Capital | |||||||||||||||||||
Global Equity Dividend | $ | 3,235,341 | $ | — | $ | 3,022,341 | $ | — | $229,828 | ||||||||||||||
Global Natural Resources | 302,907 | — | 254,842 | 5,303,255 | — | ||||||||||||||||||
Global Real Estate(1) | 102,494,757 | — | — | 1,460,326 | 35,042,128 | ||||||||||||||||||
Global Value Choice | 1,050,663 | — | — | — | — | ||||||||||||||||||
Asia-Pacific Real Estate | 460,408 | — | 77,255 | — | — | ||||||||||||||||||
Emerging Countries | — | — | 2,865,899 | — | — | ||||||||||||||||||
European Real Estate | 409,340 | — | �� | 184,852 | — | — | |||||||||||||||||
Global Opportunities | — | — | 11,395,047 | — | — | ||||||||||||||||||
Greater China | 676,212 | — | 96,917 | 1,915,018 | — | ||||||||||||||||||
Index Plus International Equity | 2,113,264 | — | 4,688,144 | — | — | ||||||||||||||||||
International Capital Appreciation | — | — | 1,501,867 | — | 36,098 | ||||||||||||||||||
International Real Estate | 41,280,971 | — | 11,137,666 | — | — | ||||||||||||||||||
International SmallCap Multi-Manager | 5,964,767 | — | 11,110,977 | — | — | ||||||||||||||||||
International Value | 26,116,194 | — | 96,517,633 | 257,239,139 | — | ||||||||||||||||||
International Value Choice | 364,324 | — | 620,515 | — | — | ||||||||||||||||||
Russia | — | — | — | 82,435,965 | — | ||||||||||||||||||
Global Bond | 24,041,636 | — | 6,116,254 | — | — | ||||||||||||||||||
Diversified International | 927,344 | 293,887 | 27,653,940 | — | — |
(1) | Composition of dividends and distributions presented herein is based on the Fund’s tax year-ends of December 31, 2009 and December 31, 2008. |
Undistributed Ordinary Income | Unrealized Appreciation/ (Depreciation) | Post-October Capital Loss Deferred | Post-October Currency Loss Deferred | Capital Loss Carryforwards | Expiration Dates | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | — | $ | 3,854,875 | $ | — | $ | — | $ | (17,831,335 | ) | 2016 | ||||||||||||||
(71,676,150 | ) | 2017 | ||||||||||||||||||||||||
$ | (89,507,485 | ) | ||||||||||||||||||||||||
Global Natural Resources | — | 11,642,855 | — | — | (19,477,132 | ) | 2017 | |||||||||||||||||||
Global Real Estate(1) | — | 28,444,650 | (6,975,138 | ) | (57,546 | ) | (164,232,218 | ) | 2016 | |||||||||||||||||
(414,424,595 | ) | 2017 | ||||||||||||||||||||||||
$ | (578,656,813 | ) | ||||||||||||||||||||||||
Global Value Choice | 8,009,193 | 49,250,763 | — | — | (6,183,953 | ) | 2011 | |||||||||||||||||||
�� | (7,949,386 | ) | 2017 | |||||||||||||||||||||||
$ | (14,133,339 | ) | ||||||||||||||||||||||||
Asia-Pacific Real Estate | 370,556 | 103,232 | — | — | (1,331,831 | ) | 2016 | |||||||||||||||||||
(3,359,449 | ) | 2017 | ||||||||||||||||||||||||
(203,130 | ) | 2018 | ||||||||||||||||||||||||
$ | (4,894,410 | ) |
Undistributed Ordinary Income | Unrealized Appreciation/ (Depreciation) | Post-October Capital Loss Deferred | Post-October Currency Loss Deferred | Capital Loss Carryforwards | Expiration Dates | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Emerging Countries | $ | — | $ | 36,965,247 | $ | — | $ | — | $ | (36,831,166 | ) | 2016 | ||||||||||||
(41,200,730 | ) | 2017 | ||||||||||||||||||||||
$ | (78,031,896 | ) | ||||||||||||||||||||||
European Real Estate | 156,327 | 159,763 | — | — | (872,339 | ) | 2016 | |||||||||||||||||
(848,533 | ) | 2017 | ||||||||||||||||||||||
(432,135 | ) | 2018 | ||||||||||||||||||||||
$ | (2,153,007 | ) | ||||||||||||||||||||||
Global Opportunities | 2,205,502 | 19,134,222 | — | — | (46,932,911 | ) | 2016 | |||||||||||||||||
(80,200,325 | ) | 2017 | ||||||||||||||||||||||
$ | (127,133,236 | ) | ||||||||||||||||||||||
Greater China | 456,008 | 7,976,988 | — | — | (2,095,990 | ) | 2017 | |||||||||||||||||
Index Plus International Equity | 1,932,073 | 12,290,637 | — | — | (34,254,142 | ) | 2016 | |||||||||||||||||
(46,742,747 | ) | 2017 | ||||||||||||||||||||||
$ | (80,996,889 | ) | ||||||||||||||||||||||
International Capital Appreciation | 553,444 | 10,435,936 | — | — | (242,281 | ) | 2015 | |||||||||||||||||
(46,983,912 | ) | 2016 | ||||||||||||||||||||||
(14,842,759 | ) | 2017 | ||||||||||||||||||||||
$ | (62,068,952 | )* | ||||||||||||||||||||||
International Real Estate | 21,471,797 | 31,199,888 | — | — | (26,312 | ) | 2014 | |||||||||||||||||
(2,556,095 | ) | 2015 | ||||||||||||||||||||||
(67,952,089 | ) | 2016 | ||||||||||||||||||||||
(159,911,905 | ) | 2017 | ||||||||||||||||||||||
(43,046,092 | ) | 2018 | ||||||||||||||||||||||
$ | (273,492,493 | ) | ||||||||||||||||||||||
International SmallCap Multi-Manager | 2,607,725 | 63,232,091 | — | — | (121,772,726 | ) | 2016 | |||||||||||||||||
(202,973,948 | ) | 2017 | ||||||||||||||||||||||
$ | (324,746,674 | ) | ||||||||||||||||||||||
International Value | 23,183,084 | (26,157,794 | ) | — | — | (810,539,013 | ) | 2017 | ||||||||||||||||
(70,133,094 | ) | 2018 | ||||||||||||||||||||||
$ | (880,672,107 | ) | ||||||||||||||||||||||
International Value Choice | 387,496 | 1,923,441 | — | — | (14,545,893 | ) | 2017 | |||||||||||||||||
Russia | — | 92,994,862 | — | — | (70,982,152 | ) | 2017 | |||||||||||||||||
(21,810,157 | ) | 2018 | ||||||||||||||||||||||
$ | (92,792,309 | ) | ||||||||||||||||||||||
Global Bond | 10,615,176 | 25,053,569 | — | — | — | |||||||||||||||||||
Diversified International | — | 1,941,887 | — | — | (28,060,058 | ) | 2016 | |||||||||||||||||
(93,445,922 | ) | 2017 | ||||||||||||||||||||||
(33,117,873 | ) | 2018 | ||||||||||||||||||||||
$ | (154,623,853 | ) |
(1) | As of the Fund’s tax year ended December 31, 2009. |
* | Utilization of these capital losses is subject to annual limitations under Section 382 of the Internal Revenue Code. |
Emerging Countries | $1,400,280 | |||||
Index Plus International Equity | $ 497,810 | |||||
International SmallCap Multi-Manager | $2,661,920 | |||||
International Value | $ 955,441 |
Global Value Choice | $ 389,524 | |||||
International Capital Appreciation | $ 17,464 | |||||
Index Plus International Equity | $ 14,363 | |||||
International SmallCap Multi-Manager | $1,034,530 | |||||
International Value | $2,544,969 |
Net Investment Income | Short-Term Capital Gains | Payable Date | Record Date | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Natural Resources | |||||||||||||||||||
Class A | $0.0042 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.0112 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.0076 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Global Value Choice | |||||||||||||||||||
Class A | $0.4695 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $0.2018 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.3513 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.5511 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.5370 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Global Opportunities | |||||||||||||||||||
Class A | $0.3235 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $0.1900 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.1924 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.3930 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.3037 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Greater China | |||||||||||||||||||
Class A | $0.1783 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $0.0742 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.0809 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.2346 | $— | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class O | $0.1898 | $— | December 17, 2010 | December 15, 2010 |
Net Investment Income | Short-Term Capital Gains | Payable Date | Record Date | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Index Plus International Equity | |||||||||||||||||||
Class A | $0.1124 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $0.0316 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.0424 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.1421 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class O | $0.1119 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
International Capital Appreciation | |||||||||||||||||||
Class A | $0.0283 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.0758 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.0593 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
International SmallCap Multi-Manager | |||||||||||||||||||
Class A | $0.1407 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.3147 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class O | $0.2032 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.2504 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
International Value | |||||||||||||||||||
Class A | $0.2264 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.1590 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.2632 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.2618 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
International Value Choice | |||||||||||||||||||
Class A | $0.0898 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $ — | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $0.0266 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $0.1169 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $0.1130 | $ — | December 17, 2010 | December 15, 2010 | |||||||||||||||
Global Bond | |||||||||||||||||||
Class A | $0.0455 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class B | $0.0380 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class C | $0.0382 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class I | $0.0493 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class O | $0.0456 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class W | $0.0482 | $ — | November 2, 2010 | October 29, 2010 | |||||||||||||||
Class A | $0.0644 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class B | $0.0558 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class C | $0.0567 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class I | $0.0677 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class O | $0.0640 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class W | $0.0670 | $ — | December 2, 2010 | November 30, 2010 | |||||||||||||||
Class A | $ — | $0.1053 | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class B | $ — | $0.1053 | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class C | $ — | $0.1053 | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class I | $ — | $0.1053 | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class O | $ — | $0.1053 | December 17, 2010 | December 15, 2010 | |||||||||||||||
Class W | $ — | $0.1053 | December 17, 2010 | December 15, 2010 |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 94.2% | |||||||||||||||||||
Australia: 4.6% | |||||||||||||||||||
69,368 | Australia & New Zealand Banking Group Ltd. | $ | 1,692,348 | 1.1 | |||||||||||||||
622,625 | Telstra Corp. Ltd. | 1,631,594 | 1.1 | ||||||||||||||||
49,257 | Wesfarmers Ltd. | 1,602,655 | 1.1 | ||||||||||||||||
Other Securities | 1,880,414 | 1.3 | |||||||||||||||||
6,807,011 | 4.6 | ||||||||||||||||||
Barbados: 0.5% | |||||||||||||||||||
Other Securities | 751,946 | 0.5 | |||||||||||||||||
Brazil: 0.8% | |||||||||||||||||||
Other Securities | 1,165,487 | 0.8 | |||||||||||||||||
Canada: 1.7% | |||||||||||||||||||
47,418 | TransCanada Corp. | 1,751,384 | 1.2 | ||||||||||||||||
Other Securities | 749,910 | 0.5 | |||||||||||||||||
2,501,294 | 1.7 | ||||||||||||||||||
China: 0.5% | |||||||||||||||||||
Other Securities | 764,212 | 0.5 | |||||||||||||||||
Finland: 1.1% | |||||||||||||||||||
144,503 | Nokia OYJ | 1,551,882 | 1.1 | ||||||||||||||||
France: 10.8% | |||||||||||||||||||
22,312 | BNP Paribas | 1,632,032 | 1.1 | ||||||||||||||||
56,968 | Gaz de France Suez | 2,276,280 | 1.6 | ||||||||||||||||
28,261 | Lafarge S.A. | 1,616,126 | 1.1 | ||||||||||||||||
31,863 | Sanofi-Aventis | 2,232,386 | 1.5 | ||||||||||||||||
41,671 | Total S.A. | 2,268,328 | 1.5 | ||||||||||||||||
32,000 | Vinci S.A. | 1,715,890 | 1.2 | ||||||||||||||||
77,642 | Vivendi | 2,218,634 | 1.5 | ||||||||||||||||
Other Securities | 1,868,409 | 1.3 | |||||||||||||||||
15,828,085 | 10.8 | ||||||||||||||||||
Germany: 6.4% | |||||||||||||||||||
13,215 | Allianz AG | 1,654,885 | 1.1 | ||||||||||||||||
89,999 | Deutsche Post AG | 1,677,628 | 1.1 | ||||||||||||||||
70,596 | E.ON AG | 2,209,687 | 1.5 | ||||||||||||||||
10,809 | Muenchener Rueckversicherungs AG | 1,689,455 | 1.2 | ||||||||||||||||
Other Securities | 2,181,192 | 1.5 | |||||||||||||||||
9,412,847 | 6.4 | ||||||||||||||||||
Hong Kong: 1.1% | |||||||||||||||||||
30,605 | China Mobile Ltd. ADR | 1,572,179 | 1.1 | ||||||||||||||||
Ireland: 0.5% | |||||||||||||||||||
Other Securities | 738,394 | 0.5 | |||||||||||||||||
Italy: 2.5% | |||||||||||||||||||
97,364 | ENI S.p.A. | 2,192,390 | 1.5 | ||||||||||||||||
434,596 | Intesa Sanpaolo S.p.A. | 1,528,545 | 1.0 | ||||||||||||||||
3,720,935 | 2.5 | ||||||||||||||||||
Japan: 10.3% | |||||||||||||||||||
35,300 | Canon, Inc. | 1,624,975 | 1.1 | ||||||||||||||||
349,700 | Mitsubishi UFJ Financial Group, Inc. | 1,622,959 | 1.1 | ||||||||||||||||
1,131,000 | Mizuho Financial Group, Inc. | 1,640,311 | 1.1 | ||||||||||||||||
8,600 | Nintendo Co., Ltd. | 2,220,664 | 1.5 | ||||||||||||||||
933 | NTT DoCoMo, Inc. | 1,572,735 | 1.1 | ||||||||||||||||
75,300 | Shiseido Co., Ltd. | 1,572,083 | 1.1 | ||||||||||||||||
70,800 | Sumitomo Mitsui Financial Group, Inc. | 2,113,220 | 1.4 | ||||||||||||||||
Other Securities | 2,801,328 | 1.9 | |||||||||||||||||
15,168,275 | 10.3 | ||||||||||||||||||
Netherlands: 1.6% | |||||||||||||||||||
72,052 | Royal Dutch Shell PLC | 2,337,172 | 1.6 | ||||||||||||||||
Singapore: 1.8% | |||||||||||||||||||
671,000 | Singapore Telecommunications Ltd. | 1,607,719 | 1.1 | ||||||||||||||||
Other Securities | 1,071,676 | 0.7 | |||||||||||||||||
2,679,395 | 1.8 | ||||||||||||||||||
South Korea: 1.1% | |||||||||||||||||||
25,872 | KT&G Corp. | 1,590,545 | 1.1 | ||||||||||||||||
Spain: 1.2% | |||||||||||||||||||
Other Securities | 1,825,167 | 1.2 | |||||||||||||||||
Switzerland: 2.6% | |||||||||||||||||||
35,818 | Credit Suisse Group | 1,482,815 | 1.0 | ||||||||||||||||
11,134 | Roche Holding AG — Genusschein | 1,635,074 | 1.1 | ||||||||||||||||
Other Securities | 774,729 | 0.5 | |||||||||||||||||
3,892,618 | 2.6 | ||||||||||||||||||
Taiwan: 1.2% | |||||||||||||||||||
159,556 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,740,756 | 1.2 | ||||||||||||||||
United Kingdom: 5.8% | |||||||||||||||||||
79,655 | GlaxoSmithKline PLC | 1,555,474 | 1.0 | ||||||||||||||||
151,169 | HSBC Holdings PLC | 1,573,321 | 1.1 | ||||||||||||||||
186,354 | Reed Elsevier PLC | 1,598,802 | 1.1 | ||||||||||||||||
89,533 | Scottish & Southern Energy PLC | 1,654,612 | 1.1 | ||||||||||||||||
Other Securities | 2,202,482 | 1.5 | |||||||||||||||||
8,584,691 | 5.8 | ||||||||||||||||||
United States: 38.1% | |||||||||||||||||||
30,658 | Abbott Laboratories | 1,573,369 | 1.1 | ||||||||||||||||
43,627 | American Electric Power Co., Inc. | 1,633,395 | 1.1 | ||||||||||||||||
56,034 | Arthur J. Gallagher & Co. | 1,577,917 | 1.1 | ||||||||||||||||
75,690 | AT&T, Inc. | 2,157,165 | 1.5 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
45,569 | Baxter International, Inc. | $ | 2,319,462 | 1.6 | |||||||||||||||
27,428 | Chevron Corp. | 2,265,827 | 1.5 | ||||||||||||||||
27,164 | Coca-Cola Co. | 1,665,696 | 1.1 | ||||||||||||||||
41,981 | Exelon Corp. | 1,713,664 | 1.2 | ||||||||||||||||
33,348 | ExxonMobil Corp. | 2,216,642 | 1.5 | ||||||||||||||||
81,986 | Intel Corp. | 1,645,459 | 1.1 | ||||||||||||||||
25,626 | L | Johnson & Johnson | 1,631,607 | 1.1 | |||||||||||||||
24,109 | Kimberly-Clark Corp. | 1,527,064 | 1.0 | ||||||||||||||||
49,840 | Kraft Foods, Inc. | 1,608,337 | 1.1 | ||||||||||||||||
21,203 | L | McDonald’s Corp. | 1,648,957 | 1.1 | |||||||||||||||
42,645 | Merck & Co., Inc. | 1,547,161 | 1.1 | ||||||||||||||||
124,857 | Pfizer, Inc. | 2,172,512 | 1.5 | ||||||||||||||||
103,106 | L | Pitney Bowes, Inc. | 2,262,146 | 1.5 | |||||||||||||||
29,977 | Travelers Cos., Inc. | 1,654,730 | 1.1 | ||||||||||||||||
Other Securities | 23,336,494 | 15.8 | |||||||||||||||||
56,157,604 | 38.1 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $129,514,275) | 138,790,495 | 94.2 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 1.1% | |||||||||||||||||||
Australia: 0.5% | |||||||||||||||||||
Other Securities | 762,470 | 0.5 | |||||||||||||||||
United Kingdom: 0.6% | |||||||||||||||||||
Other Securities | 798,221 | 0.6 | |||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $1,741,832) | 1,560,691 | 1.1 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $131,256,107) | 140,351,186 | 95.3 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 7.9% | |||||||||||||||||||
Securities Lending Collateralcc: 7.9% | |||||||||||||||||||
11,497,267 | BNY Mellon Overnight Government Fund(1) | 11,497,267 | 7.8 | ||||||||||||||||
123,900 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 99,120 | 0.1 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $11,621,167) | 11,596,387 | 7.9 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $142,877,274)* | $ | 151,947,573 | 103.2 | ||||||||||||||||
Other Assets and Liabilities — Net | (4,668,850 | ) | (3.2 | ) | |||||||||||||||
Net Assets | $ | 147,278,723 | 100.0 |
ADR | American Depositary Receipt |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $148,095,641. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 13,569,976 | ||||
Gross Unrealized Depreciation | (9,718,044 | ) | ||||
Net Unrealized Appreciation | $ | 3,851,932 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 6.4 | % | ||||
Consumer Staples | 12.4 | |||||
Energy | 10.2 | |||||
Financials | 19.0 | |||||
Health Care | 12.1 | |||||
Industrials | 7.6 | |||||
Information Technology | 8.0 | |||||
Materials | 3.6 | |||||
Telecommunication Services | 7.4 | |||||
Utilities | 8.6 | |||||
Short-Term Investments | 7.9 | |||||
Other Assets and Liabilities — Net | (3.2 | ) | ||||
Net Assets | 100.0 | % |
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 6,807,011 | $ | — | $ | 6,807,011 | ||||||||||
Barbados | 751,946 | — | — | 751,946 | ||||||||||||||
Brazil | 1,165,487 | — | — | 1,165,487 | ||||||||||||||
Canada | 2,501,294 | — | — | 2,501,294 | ||||||||||||||
China | 764,212 | — | — | 764,212 | ||||||||||||||
Finland | — | 1,551,882 | — | 1,551,882 | ||||||||||||||
France | — | 15,828,085 | — | 15,828,085 | ||||||||||||||
Germany | — | 9,412,847 | — | 9,412,847 | ||||||||||||||
Hong Kong | 1,572,179 | — | — | 1,572,179 | ||||||||||||||
Ireland | — | 738,394 | — | 738,394 | ||||||||||||||
Italy | — | 3,720,935 | — | 3,720,935 | ||||||||||||||
Japan | — | 15,168,275 | — | 15,168,275 | ||||||||||||||
Netherlands | — | 2,337,172 | — | 2,337,172 | ||||||||||||||
Singapore | — | 2,679,395 | — | 2,679,395 | ||||||||||||||
South Korea | — | 1,590,545 | — | 1,590,545 | ||||||||||||||
Spain | — | 1,825,167 | — | 1,825,167 | ||||||||||||||
Switzerland | — | 3,892,618 | — | 3,892,618 | ||||||||||||||
Taiwan | 1,740,756 | — | — | 1,740,756 | ||||||||||||||
United Kingdom | — | 8,584,691 | — | 8,584,691 | ||||||||||||||
United States | 56,157,604 | — | — | 56,157,604 | ||||||||||||||
Total Common Stock | 64,653,478 | 74,137,017 | — | 138,790,495 | ||||||||||||||
Real Estate Investment Trusts | — | 1,560,691 | — | 1,560,691 | ||||||||||||||
Short-Term Investments | 11,497,267 | — | 99,120 | 11,596,387 | ||||||||||||||
Total Investments, at value | $ | 76,150,745 | $ | 75,697,708 | $ | 99,120 | $ | 151,947,573 |
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 99,120 | $ | — | $ | 99,120 | ||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 99,120 | $ | — | $ | 99,120 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.6% | |||||||||||||||||||
Australia: 0.7% | |||||||||||||||||||
203,080 | @ | Mount Gibson Iron Ltd. | $ | 403,472 | 0.4 | ||||||||||||||
Other Securities | 350,414 | 0.3 | |||||||||||||||||
753,886 | 0.7 | ||||||||||||||||||
Bahamas: 0.8% | |||||||||||||||||||
27,300 | Teekay Shipping Corp. | 868,140 | 0.8 | ||||||||||||||||
Brazil: 0.8% | |||||||||||||||||||
23,600 | Petroleo Brasileiro SA ADR | 805,232 | 0.8 | ||||||||||||||||
Canada: 24.6% | |||||||||||||||||||
28,800 | Alamos Gold, Inc. | 445,879 | 0.4 | ||||||||||||||||
76,849 | Barrick Gold Corp. | 3,695,668 | 3.5 | ||||||||||||||||
97,174 | Canadian Natural Resources Ltd. | 3,543,936 | 3.4 | ||||||||||||||||
66,300 | Centerra Gold, Inc. | 1,322,880 | 1.3 | ||||||||||||||||
18,700 | Domtar Corp. | 1,484,032 | 1.4 | ||||||||||||||||
85,607 | EnCana Corp. | 2,415,830 | 2.3 | ||||||||||||||||
36,300 | Ensign Energy Services, Inc. | 450,591 | 0.4 | ||||||||||||||||
23,208 | GoldCorp, Inc. | 1,034,845 | 1.0 | ||||||||||||||||
32,800 | @ | Harry Winston Diamond Corp. | 419,045 | 0.4 | |||||||||||||||
187,600 | @ | Lundin Mining Corp. | 1,188,250 | 1.1 | |||||||||||||||
102,817 | Nexen, Inc. | 2,188,974 | 2.1 | ||||||||||||||||
80,832 | @ | Precision Drilling Corp. | 630,490 | 0.6 | |||||||||||||||
150,465 | Suncor Energy, Inc. | 4,816,385 | 4.6 | ||||||||||||||||
48,529 | Teck Cominco Ltd. — Class B | 2,171,187 | 2.1 | ||||||||||||||||
25,807,992 | 24.6 | ||||||||||||||||||
China: 1.1% | |||||||||||||||||||
1,215,334 | China Petroleum & Chemical Corp. | 1,156,346 | 1.1 | ||||||||||||||||
Japan: 0.6% | |||||||||||||||||||
127 | Inpex Holdings, Inc. | 661,384 | 0.6 | ||||||||||||||||
Netherlands: 2.0% | |||||||||||||||||||
31,273 | Royal Dutch Shell PLC ADR — Class A | 2,030,556 | 2.0 | ||||||||||||||||
Russia: 2.2% | |||||||||||||||||||
20,723 | @ | Lukoil-Spon ADR | 1,157,380 | 1.1 | |||||||||||||||
54,356 | OAO Gazprom ADR | 1,187,679 | 1.1 | ||||||||||||||||
2,345,059 | 2.2 | ||||||||||||||||||
Thailand: 0.8% | |||||||||||||||||||
437,400 | Thai Oil PCL | 775,159 | 0.8 | ||||||||||||||||
United Kingdom: 1.1% | |||||||||||||||||||
18,060 | Rio Tinto PLC ADR | 1,176,067 | 1.1 | ||||||||||||||||
United States: 62.9% | |||||||||||||||||||
40,929 | @ | Alpha Natural Resources, Inc. | 1,848,763 | 1.8 | |||||||||||||||
13,700 | Anadarko Petroleum Corp. | 843,509 | 0.8 | ||||||||||||||||
36,287 | Apache Corp. | 3,665,713 | 3.5 | ||||||||||||||||
87,009 | Arch Coal, Inc. | 2,139,551 | 2.0 | ||||||||||||||||
23,100 | @ | Bill Barrett Corp. | 872,025 | 0.8 | |||||||||||||||
14,013 | @ | Cameron International Corp. | 613,069 | 0.6 | |||||||||||||||
62,167 | Chevron Corp. | 5,135,616 | 4.9 | ||||||||||||||||
9,300 | Cliffs Natural Resources, Inc. | 606,360 | 0.6 | ||||||||||||||||
42,800 | @ | Coeur d’Alene Mines Corp. | 882,108 | 0.8 | |||||||||||||||
122,916 | ConocoPhillips | 7,301,207 | 7.0 | ||||||||||||||||
76,700 | @ | Denbury Resources, Inc. | 1,305,434 | 1.2 | |||||||||||||||
42,687 | Devon Energy Corp. | 2,775,509 | 2.6 | ||||||||||||||||
33,065 | Ensco International PLC ADR | 1,532,232 | 1.5 | ||||||||||||||||
156,064 | ExxonMobil Corp. | 10,373,574 | 9.9 | ||||||||||||||||
37,028 | Halliburton Co. | 1,179,712 | 1.1 | ||||||||||||||||
42,200 | Hess Corp. | 2,659,866 | 2.5 | ||||||||||||||||
75,170 | International Paper Co. | 1,900,298 | 1.8 | ||||||||||||||||
12,000 | Kaiser Aluminum Corp. | 539,880 | 0.5 | ||||||||||||||||
31,500 | Murphy Oil Corp. | 2,052,540 | 2.0 | ||||||||||||||||
68,378 | National Oilwell Varco, Inc. | 3,676,001 | 3.5 | ||||||||||||||||
32,400 | Newmont Mining Corp. | 1,972,188 | 1.9 | ||||||||||||||||
61,000 | @ | PetroHawk Energy Corp. | 1,037,610 | 1.0 | |||||||||||||||
118,860 | Schlumberger Ltd. | 8,307,125 | 7.9 | ||||||||||||||||
12,958 | @ | Transocean Ltd. | 821,019 | 0.8 | |||||||||||||||
19,944 | United States Steel Corp. | 853,404 | 0.8 | ||||||||||||||||
Other Securities | 1,116,927 | 1.1 | |||||||||||||||||
66,011,240 | 62.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $86,648,220) | 102,391,061 | 97.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 2.3% | |||||||||||||||||||
Affiliated Mutual Fund: 2.3% | |||||||||||||||||||
2,396,000 | ING Institutional Prime Money Market Fund —Class I | 2,396,000 | 2.3 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $2,396,000) | 2,396,000 | 2.3 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $89,044,220)* | $ | 104,787,061 | 99.9 | ||||||||||||||||
Other Assets and Liabilities — Net | 144,822 | 0.1 | |||||||||||||||||
Net Assets | $ | 104,931,883 | 100.0 |
AS OF OCTOBER 31, 2010 (CONTINUED)
@ | Non-income producing security |
ADR | American Depositary Receipt |
* | Cost for federal income tax purposes is $93,142,982. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 17,896,438 | ||||
Gross Unrealized Depreciation | (6,252,359 | ) | ||||
Net Unrealized Appreciation | $ | 11,644,079 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Energy | 78.3 | % | ||||
Materials | 19.3 | |||||
Short-Term Investments | 2.3 | |||||
Other Assets and Liabilities — Net | 0.1 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 753,886 | $ | — | $ | 753,886 | ||||||||||
Bahamas | 868,140 | — | — | 868,140 | ||||||||||||||
Brazil | 805,232 | — | — | 805,232 | ||||||||||||||
Canada | 25,807,992 | — | — | 25,807,992 | ||||||||||||||
China | — | 1,156,346 | — | 1,156,346 | ||||||||||||||
Japan | — | 661,384 | — | 661,384 | ||||||||||||||
Netherlands | 2,030,556 | — | — | 2,030,556 | ||||||||||||||
Russia | 2,345,059 | — | — | 2,345,059 | ||||||||||||||
Thailand | — | 775,159 | — | 775,159 | ||||||||||||||
United Kingdom | 1,176,067 | — | — | 1,176,067 | ||||||||||||||
United States | 66,011,240 | — | — | 66,011,240 | ||||||||||||||
Total Common Stock | 99,044,286 | 3,346,775 | — | 102,391,061 | ||||||||||||||
Short-Term Investments | 2,396,000 | — | — | 2,396,000 | ||||||||||||||
Total Investments, at value | $ | 101,440,286 | $ | 3,346,775 | $ | — | $ | 104,787,061 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 30.8% | |||||||||||||||||||
Australia: 0.5% | |||||||||||||||||||
Other Securities | $ | 13,708,430 | 0.5 | ||||||||||||||||
Canada: 0.8% | |||||||||||||||||||
1,358,900 | Brookfield Properties Co. | 23,631,271 | 0.8 | ||||||||||||||||
France: 0.0% | |||||||||||||||||||
Other Securities | 246,883 | 0.0 | |||||||||||||||||
Hong Kong: 12.9% | |||||||||||||||||||
6,193,763 | Cheung Kong Holdings Ltd. | 94,604,587 | 3.3 | ||||||||||||||||
3,410,600 | Hang Lung Group Ltd. | 22,679,771 | 0.8 | ||||||||||||||||
4,573,300 | Hang Lung Properties Ltd. | 22,433,644 | 0.8 | ||||||||||||||||
6,771,900 | Hongkong Land Holdings Ltd. | 46,751,830 | 1.6 | ||||||||||||||||
9,035,800 | Sun Hung Kai Properties Ltd. | 155,435,226 | 5.3 | ||||||||||||||||
Other Securities | 32,213,169 | 1.1 | |||||||||||||||||
374,118,227 | 12.9 | ||||||||||||||||||
Japan: 8.6% | |||||||||||||||||||
2,279,400 | Daiwa House Industry Co., Ltd. | 24,563,677 | 0.8 | ||||||||||||||||
6,249,430 | Mitsubishi Estate Co., Ltd. | 109,480,262 | 3.8 | ||||||||||||||||
2,416,688 | Mitsui Fudosan Co., Ltd. | 45,700,217 | 1.6 | ||||||||||||||||
2,593,100 | Sumitomo Realty & Development Co., Ltd. | 56,487,248 | 2.0 | ||||||||||||||||
Other Securities | 12,819,763 | 0.4 | |||||||||||||||||
249,051,167 | 8.6 | ||||||||||||||||||
Norway: 0.4% | |||||||||||||||||||
Other Securities | 12,519,700 | 0.4 | |||||||||||||||||
Singapore: 4.5% | |||||||||||||||||||
23,588,350 | CapitaLand Ltd. | 71,153,858 | 2.5 | ||||||||||||||||
2,453,000 | City Developments Ltd. | 24,205,013 | 0.8 | ||||||||||||||||
18,869,600 | @ | Global Logistic Properties Ltd. | 33,823,281 | 1.2 | |||||||||||||||
129,182,152 | 4.5 | ||||||||||||||||||
Sweden: 0.9% | |||||||||||||||||||
Other Securities | 26,498,816 | 0.9 | |||||||||||||||||
Switzerland: 0.8% | |||||||||||||||||||
Other Securities | 22,005,737 | 0.8 | |||||||||||||||||
United Kingdom: 0.5% | |||||||||||||||||||
Other Securities | 15,592,179 | 0.5 | |||||||||||||||||
United States: 0.9% | |||||||||||||||||||
505,400 | Starwood Hotels & Resorts Worldwide, Inc. | 27,362,356 | 0.9 | ||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $707,638,150) | 893,916,918 | 30.8 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 67.4% | |||||||||||||||||||
Australia: 10.5% | |||||||||||||||||||
42,641,916 | Dexus Property Group | 34,729,177 | 1.2 | ||||||||||||||||
54,513,527 | Goodman Group | 33,719,218 | 1.2 | ||||||||||||||||
12,728,420 | GPT Group | 34,865,532 | 1.2 | ||||||||||||||||
43,531,400 | ** | ING Office Fund | 26,309,446 | 0.9 | |||||||||||||||
9,674,460 | Stockland | 35,826,282 | 1.2 | ||||||||||||||||
9,422,732 | Westfield Group | 114,602,584 | 4.0 | ||||||||||||||||
Other Securities | 23,546,697 | 0.8 | |||||||||||||||||
303,598,936 | 10.5 | ||||||||||||||||||
Canada: 2.0% | |||||||||||||||||||
1,275,900 | RioCan Real Estate Investment Trust | 28,835,665 | 1.0 | ||||||||||||||||
Other Securities | 27,426,349 | 1.0 | |||||||||||||||||
56,262,014 | 2.0 | ||||||||||||||||||
France: 5.5% | |||||||||||||||||||
617,226 | Unibail | 128,782,722 | 4.5 | ||||||||||||||||
Other Securities | 29,296,044 | 1.0 | |||||||||||||||||
158,078,766 | 5.5 | ||||||||||||||||||
Hong Kong: 0.8% | |||||||||||||||||||
Other Securities | 22,044,900 | 0.8 | |||||||||||||||||
Japan: 3.3% | |||||||||||||||||||
2,685 | Japan Real Estate Investment Corp. | 25,848,253 | 0.9 | ||||||||||||||||
Other Securities | 70,413,150 | 2.4 | |||||||||||||||||
96,261,403 | 3.3 | ||||||||||||||||||
Netherlands: 0.8% | |||||||||||||||||||
Other Securities | 23,234,686 | 0.8 | |||||||||||||||||
Singapore: 2.0% | |||||||||||||||||||
22,991,000 | CapitaCommercial Trust | 26,578,630 | 0.9 | ||||||||||||||||
16,446,391 | CapitaMall Trust | 25,263,629 | 0.9 | ||||||||||||||||
Other Securities | 7,315,200 | 0.2 | |||||||||||||||||
59,157,459 | 2.0 | ||||||||||||||||||
United Kingdom: 4.9% | |||||||||||||||||||
2,814,877 | British Land Co. PLC | 22,981,842 | 0.8 | ||||||||||||||||
1,063,080 | Derwent Valley Holdings PLC | 25,902,174 | 0.9 | ||||||||||||||||
5,390,867 | Land Securities Group PLC | 58,457,365 | 2.0 | ||||||||||||||||
Other Securities | 35,592,215 | 1.2 | |||||||||||||||||
142,933,596 | 4.9 | ||||||||||||||||||
United States: 37.6% | |||||||||||||||||||
434,300 | Alexandria Real Estate Equities, Inc. | 31,912,364 | 1.1 | ||||||||||||||||
1,414,900 | Apartment Investment & Management Co. | 32,981,319 | 1.1 | ||||||||||||||||
418,608 | AvalonBay Communities, Inc. | 44,502,216 | 1.5 | ||||||||||||||||
731,400 | Boston Properties, Inc. | 63,039,366 | 2.2 | ||||||||||||||||
655,900 | BRE Properties, Inc. | 28,157,787 | 1.0 | ||||||||||||||||
2,107,800 | Developers Diversified Realty Corp. | 27,190,620 | 0.9 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REAL ESTATE INVESTMENT TRUSTS: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
1,642,500 | Equity Residential | $ | 79,874,773 | 2.8 | |||||||||||||||
386,900 | Federal Realty Investment Trust | 31,718,062 | 1.1 | ||||||||||||||||
677,300 | Highwoods Properties, Inc. | 22,438,949 | 0.8 | ||||||||||||||||
2,970,535 | Host Hotels & Resorts, Inc. | 47,201,801 | 1.6 | ||||||||||||||||
1,126,575 | Liberty Property Trust | 37,695,200 | 1.3 | ||||||||||||||||
1,723,641 | Macerich Co. | 76,891,625 | 2.7 | ||||||||||||||||
945,300 | Nationwide Health Properties, Inc. | 38,596,599 | 1.3 | ||||||||||||||||
2,830,850 | Prologis | 38,641,103 | 1.3 | ||||||||||||||||
419,224 | Public Storage, Inc. | 41,595,405 | 1.4 | ||||||||||||||||
1,027,130 | Regency Centers Corp. | 43,324,343 | 1.5 | ||||||||||||||||
1,155,950 | Simon Property Group, Inc. | 110,994,319 | 3.8 | ||||||||||||||||
526,030 | SL Green Realty Corp. | 34,570,692 | 1.2 | ||||||||||||||||
1,507,955 | UDR, Inc. | 33,898,828 | 1.2 | ||||||||||||||||
905,400 | Ventas, Inc. | 48,493,224 | 1.7 | ||||||||||||||||
1,060,802 | Vornado Realty Trust | 92,703,487 | 3.2 | ||||||||||||||||
Other Securities | 83,832,107 | 2.9 | |||||||||||||||||
1,090,254,189 | 37.6 | ||||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $1,509,767,036) | 1,951,825,949 | 67.4 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $2,217,405,186) | 2,845,742,867 | 98.2 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 2.9% | |||||||||||||||||||
Affiliated Mutual Fund: 2.2% | |||||||||||||||||||
65,007,799 | ING Institutional Prime Money Market Fund — Class I | 65,007,799 | 2.2 | ||||||||||||||||
Total Mutual Fund | |||||||||||||||||||
(Cost $65,007,799) | 65,007,799 | 2.2 | |||||||||||||||||
Securities Lending Collateralcc: 0.7% | |||||||||||||||||||
17,020,110 | BNY Mellon Overnight Government Fund(1) | 17,020,110 | 0.6 | ||||||||||||||||
2,745,317 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 2,196,253 | 0.1 | |||||||||||||||
Total Securities Lending Collateral | |||||||||||||||||||
(Cost $19,765,427) | 19,216,363 | 0.7 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $84,773,226) | 84,224,162 | 2.9 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $2,302,178,412)* | $ | 2,929,967,029 | 101.1 | ||||||||||||||||
Other Assets and Liabilities — Net | (33,184,436 | ) | (1.1 | ) | |||||||||||||||
Net Assets | $ | 2,896,782,593 | 100.0 |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
R | Restricted security |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
** | Investment in affiliate |
* | Cost for federal income tax purposes is $2,578,353,178. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 527,976,940 | ||||
Gross Unrealized Depreciation | (176,363,089 | ) | ||||
Net Unrealized Appreciation | $ | 351,613,851 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Affiliated Investment Companies | 0.9 | % | ||||
Consumer Discretionary | 0.9 | |||||
Financials | 96.4 | |||||
Short-Term Investments | 2.9 | |||||
Other Assets and Liabilities — Net | (1.1 | ) | ||||
Net Assets | 100.0 | % |
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 13,708,430 | $ | — | $ | 13,708,430 | ||||||||||
Canada | 23,631,271 | — | — | 23,631,271 | ||||||||||||||
France | — | 246,883 | — | 246,883 | ||||||||||||||
Hong Kong | — | 374,118,227 | — | 374,118,227 | ||||||||||||||
Japan | — | 249,051,167 | — | 249,051,167 | ||||||||||||||
Norway | — | 12,519,700 | — | 12,519,700 | ||||||||||||||
Singapore | 33,823,281 | 95,358,871 | — | 129,182,152 | ||||||||||||||
Sweden | — | 26,498,816 | — | 26,498,816 | ||||||||||||||
Switzerland | — | 22,005,737 | — | 22,005,737 | ||||||||||||||
United Kingdom | — | 15,592,179 | — | 15,592,179 | ||||||||||||||
United States | 27,362,356 | — | — | 27,362,356 | ||||||||||||||
Total Common Stock | 84,816,908 | 809,100,010 | — | 893,916,918 | ||||||||||||||
Real Estate Investment Trusts | 1,146,516,203 | 805,309,746 | — | 1,951,825,949 | ||||||||||||||
Short-Term Investments | 82,027,909 | — | 2,196,253 | 84,224,162 | ||||||||||||||
Total Investments, at value | $ | 1,313,361,020 | $ | 1,614,409,756 | $ | 2,196,253 | $ | 2,929,967,029 |
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,196,253 | $ | — | $ | 2,196,253 | ||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,196,253 | $ | — | $ | 2,196,253 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 87.0% | |||||||||||||||||||
Australia: 3.2% | |||||||||||||||||||
373,139 | Newcrest Mining Ltd. | $ | 14,684,416 | 3.0 | |||||||||||||||
Other Securities | 1,326,299 | 0.2 | |||||||||||||||||
16,010,715 | 3.2 | ||||||||||||||||||
Brazil: 2.5% | |||||||||||||||||||
528,000 | Centrais Eletricas Brasileiras SA ADR — Class B | 8,632,800 | 1.7 | ||||||||||||||||
Other Securities | 3,863,752 | 0.8 | |||||||||||||||||
12,496,552 | 2.5 | ||||||||||||||||||
Cambodia: 0.5% | |||||||||||||||||||
Other Securities | 2,315,765 | 0.5 | |||||||||||||||||
Canada: 12.1% | |||||||||||||||||||
395,000 | Barrick Gold Corp. | 18,995,550 | 3.8 | ||||||||||||||||
479,500 | Cameco Corp. | 14,845,320 | 3.0 | ||||||||||||||||
712,000 | @, L | Gabriel Resources Ltd. | 4,405,059 | 0.9 | |||||||||||||||
277,000 | Suncor Energy, Inc. | 8,866,770 | 1.8 | ||||||||||||||||
728,552 | @ | Uranium Participation Corp. | 5,200,371 | 1.0 | |||||||||||||||
Other Securities | 7,736,893 | 1.6 | |||||||||||||||||
60,049,963 | 12.1 | ||||||||||||||||||
China: 0.2% | |||||||||||||||||||
Other Securities | 1,142,515 | 0.2 | |||||||||||||||||
Egypt: 0.4% | |||||||||||||||||||
Other Securities | 1,792,083 | 0.4 | |||||||||||||||||
Finland: 0.9% | |||||||||||||||||||
Other Securities | 4,565,042 | 0.9 | |||||||||||||||||
France: 4.9% | |||||||||||||||||||
7,250 | L | Areva SA | 3,322,048 | 0.7 | |||||||||||||||
194,600 | Electricite de France SA | 8,927,651 | 1.8 | ||||||||||||||||
294,600 | Thales S.A. | 12,021,325 | 2.4 | ||||||||||||||||
24,271,024 | 4.9 | ||||||||||||||||||
Germany: 0.8% | |||||||||||||||||||
290,000 | Deutsche Telekom AG ADR | 4,178,900 | 0.8 | ||||||||||||||||
Hong Kong: 1.2% | |||||||||||||||||||
790,000 | Bank of East Asia Ltd. | 3,387,036 | 0.7 | ||||||||||||||||
Other Securities | 2,496,026 | 0.5 | |||||||||||||||||
5,883,062 | 1.2 | ||||||||||||||||||
Indonesia: 0.8% | |||||||||||||||||||
Other Securities | 4,108,911 | 0.8 | |||||||||||||||||
Italy: 2.9% | |||||||||||||||||||
716,600 | ERG S.p.A. | 9,898,391 | 2.0 | ||||||||||||||||
3,470,000 | Telecom Italia S.p.A. RNC | 4,257,665 | 0.9 | ||||||||||||||||
14,156,056 | 2.9 | ||||||||||||||||||
Japan: 18.5% | |||||||||||||||||||
2,065,000 | Daiwa Securities Group, Inc. | 8,419,465 | 1.7 | ||||||||||||||||
178,000 | Kao Corp. | 4,524,219 | 0.9 | ||||||||||||||||
343,000 | Kirin Brewery Co., Ltd. | 4,700,367 | 1.0 | ||||||||||||||||
371,900 | Mitsui & Co., Ltd. | 5,849,024 | 1.2 | ||||||||||||||||
181,600 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 4,350,573 | 0.9 | ||||||||||||||||
470,000 | Nippon Telegraph & Telephone Corp. | 21,197,193 | 4.4 | ||||||||||||||||
29,575 | Nippon Telegraph & Telephone Corp. ADR | 666,621 | |||||||||||||||||
92,300 | Shin-Etsu Chemical Co., Ltd. | 4,667,243 | 0.9 | ||||||||||||||||
2,332,000 | Sumitomo Osaka Cement Co., Ltd. | 4,519,351 | 0.9 | ||||||||||||||||
1,767,000 | Sumitomo Trust & Banking Co., Ltd. | 9,647,473 | 2.0 | ||||||||||||||||
511,000 | Toppan Printing Co., Ltd. | 4,104,813 | 0.8 | ||||||||||||||||
2,405 | TV Asahi Corp. | 3,389,558 | 0.7 | ||||||||||||||||
Other Securities | 15,160,908 | 3.1 | |||||||||||||||||
91,196,808 | 18.5 | ||||||||||||||||||
Norway: 1.5% | |||||||||||||||||||
331,000 | L | Statoil ASA ADR | 7,225,730 | 1.5 | |||||||||||||||
Russia: 3.0% | |||||||||||||||||||
681,700 | @, L | �� | Federal Hydrogenerating Co. JSC ADR | 3,523,075 | 0.7 | ||||||||||||||
450,000 | OAO Gazprom ADR | 9,832,500 | 2.0 | ||||||||||||||||
Other Securities | 1,275,713 | 0.3 | |||||||||||||||||
14,631,288 | 3.0 | ||||||||||||||||||
South Africa: 3.1% | |||||||||||||||||||
93,700 | Anglogold Ashanti Ltd. ADR | 4,414,207 | 0.9 | ||||||||||||||||
575,000 | Gold Fields Ltd. | 9,027,619 | 1.8 | ||||||||||||||||
Other Securities | 1,821,556 | 0.4 | |||||||||||||||||
15,263,382 | 3.1 | ||||||||||||||||||
South Korea: 2.1% | |||||||||||||||||||
476,500 | @ | Korea Electric Power Corp. ADR | 6,294,565 | 1.3 | |||||||||||||||
Other Securities | 4,245,427 | 0.8 | |||||||||||||||||
10,539,992 | 2.1 | ||||||||||||||||||
Thailand: 0.3% | |||||||||||||||||||
Other Securities | 1,584,534 | 0.3 | |||||||||||||||||
Turkey: 0.6% | |||||||||||||||||||
Other Securities | 3,018,516 | 0.6 | |||||||||||||||||
United Kingdom: 1.2% | |||||||||||||||||||
325,200 | Stolt-Nielsen SA | 5,818,891 | 1.2 | ||||||||||||||||
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United States: 26.3% | |||||||||||||||||||
263,000 | Aetna, Inc. | $ | 7,853,180 | 1.6 | |||||||||||||||
139,200 | @ | AGCO Corp. | 5,911,824 | 1.2 | |||||||||||||||
350,000 | Alcoa, Inc. | 4,595,500 | 0.9 | ||||||||||||||||
174,800 | Chesapeake Energy Corp. | 3,793,160 | 0.8 | ||||||||||||||||
108,800 | ConocoPhillips | 6,462,720 | 1.3 | ||||||||||||||||
120,000 | Eli Lilly & Co. | 4,224,000 | 0.9 | ||||||||||||||||
107,300 | @ | Forest Laboratories, Inc. | 3,546,265 | 0.7 | |||||||||||||||
290,000 | Kroger Co. | 6,380,000 | 1.3 | ||||||||||||||||
135,700 | Lockheed Martin Corp. | 9,674,053 | 2.0 | ||||||||||||||||
300,000 | Newmont Mining Corp. | 18,261,000 | 3.7 | ||||||||||||||||
127,000 | Peabody Energy Corp. | 6,718,300 | 1.4 | ||||||||||||||||
481,000 | Pfizer, Inc. | 8,369,400 | 1.7 | ||||||||||||||||
91,503 | Range Resources Corp. | 3,421,297 | 0.7 | ||||||||||||||||
221,600 | @ | Smithfield Foods, Inc. | 3,711,800 | 0.7 | |||||||||||||||
1,055,000 | Tesoro Corp. | 13,672,797 | 2.8 | ||||||||||||||||
460,000 | Tyson Foods, Inc. | 7,153,000 | 1.4 | ||||||||||||||||
156,200 | Wal-Mart Stores, Inc. | 8,461,354 | 1.7 | ||||||||||||||||
Other Securities | 7,671,942 | 1.5 | |||||||||||||||||
129,881,592 | 26.3 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $375,416,572) | 430,131,321 | 87.0 | |||||||||||||||||
PREFERRED STOCK: 0.5% | |||||||||||||||||||
Brazil: 0.5% | |||||||||||||||||||
Other Securities | 2,472,622 | 0.5 | |||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $1,382,868) | 2,472,622 | 0.5 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $376,799,440) | 432,603,943 | 87.5 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 15.1% | |||||||||||||||||||
Affiliated Mutual Fund: 13.2% | |||||||||||||||||||
65,272,197 | ING Institutional Prime Money Market Fund — Class I | 65,272,197 | 13.2 | ||||||||||||||||
Total Mutual Fund | |||||||||||||||||||
(Cost $65,272,197) | 65,272,197 | 13.2 | |||||||||||||||||
Securities Lending Collateralcc: 1.9% | |||||||||||||||||||
8,918,482 | BNY Mellon Overnight Government Fund(1) | 8,918,482 | 1.8 | ||||||||||||||||
287,772 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 230,218 | 0.1 | |||||||||||||||
Total Securities Lending Collateral | |||||||||||||||||||
(Cost $9,206,254) | 9,148,700 | 1.9 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $74,478,451) | 74,420,897 | 15.1 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $451,277,891)* | $ | 507,024,840 | 102.6 | ||||||||||||||||
Other Assets and Liabilities — Net | (12,698,218 | ) | (2.6 | ) | |||||||||||||||
Net Assets | $ | 494,326,622 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
R | Restricted security |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $457,813,774. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 55,215,115 | ||||
Gross Unrealized Depreciation | (6,004,049 | ) | ||||
Net Unrealized Appreciation | $ | 49,211,066 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 2.9 | % | ||||
Consumer Staples | 7.9 | |||||
Energy | 18.1 | |||||
Financials | 7.4 | |||||
Health Care | 4.9 | |||||
Industrials | 10.9 | |||||
Information Technology | 2.0 | |||||
Materials | 19.0 | |||||
Telecommunication Services | 8.5 | |||||
Utilities | 5.9 | |||||
Short-Term Investments | 15.1 | |||||
Other Assets and Liabilities — Net | (2.6 | ) | ||||
Net Assets | 100.0 | % |
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 16,010,715 | $ | — | $ | 16,010,715 | ||||||||||
Brazil | 12,496,552 | — | — | 12,496,552 | ||||||||||||||
Cambodia | — | 2,315,765 | — | 2,315,765 | ||||||||||||||
Canada | 60,049,963 | — | — | 60,049,963 | ||||||||||||||
China | — | 1,142,515 | — | 1,142,515 | ||||||||||||||
Egypt | — | 1,792,083 | — | 1,792,083 | ||||||||||||||
Finland | 2,288,724 | 2,276,318 | — | 4,565,042 | ||||||||||||||
France | — | 24,271,024 | — | 24,271,024 | ||||||||||||||
Germany | 4,178,900 | — | — | 4,178,900 | ||||||||||||||
Hong Kong | — | 5,883,062 | — | 5,883,062 | ||||||||||||||
Indonesia | 1,910,447 | 2,198,464 | — | 4,108,911 | ||||||||||||||
Italy | — | 14,156,056 | — | 14,156,056 | ||||||||||||||
Japan | 666,621 | 90,530,187 | — | 91,196,808 | ||||||||||||||
Norway | 7,225,730 | — | — | 7,225,730 | ||||||||||||||
Russia | 11,108,213 | 3,523,075 | — | 14,631,288 | ||||||||||||||
South Africa | 6,235,763 | 9,027,619 | — | 15,263,382 | ||||||||||||||
South Korea | 10,539,992 | — | — | 10,539,992 | ||||||||||||||
Thailand | — | 1,584,534 | — | 1,584,534 | ||||||||||||||
Turkey | 3,018,516 | — | — | 3,018,516 | ||||||||||||||
United Kingdom | — | 5,818,891 | — | 5,818,891 | ||||||||||||||
United States | 129,881,592 | — | — | 129,881,592 | ||||||||||||||
Total Common Stock | 249,601,013 | 180,530,308 | — | 430,131,321 | ||||||||||||||
Preferred Stock | 2,472,622 | — | — | 2,472,622 | ||||||||||||||
Short-Term Investments | 74,190,679 | — | 230,218 | 74,420,897 | ||||||||||||||
Total Investments, at value | $ | 326,264,314 | $ | 180,530,308 | $ | 230,218 | $ | 507,024,840 |
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 230,218 | $ | — | $ | 230,218 | ||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 230,218 | $ | — | $ | 230,218 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 57.1% | |||||||||||||||||||
Hong Kong: 28.5% | |||||||||||||||||||
29,002 | Cheung Kong Holdings Ltd. | $ | 442,986 | 7.2 | |||||||||||||||
15,400 | Great Eagle Holding Co. | 46,147 | 0.8 | ||||||||||||||||
45,500 | Hang Lung Properties Ltd. | 223,193 | 3.6 | ||||||||||||||||
33,600 | Hongkong Land Holdings Ltd. | 231,968 | 3.8 | ||||||||||||||||
18,000 | Hysan Development Co., Ltd. | 69,713 | 1.1 | ||||||||||||||||
5,000 | Kerry Properties Ltd. | 27,777 | 0.5 | ||||||||||||||||
29,700 | Sino Land Co. | 62,268 | 1.0 | ||||||||||||||||
33,000 | Sun Hung Kai Properties Ltd. | 567,670 | 9.2 | ||||||||||||||||
12,200 | Wharf Holdings Ltd. | 80,328 | 1.3 | ||||||||||||||||
1,752,050 | 28.5 | ||||||||||||||||||
Japan: 20.8% | |||||||||||||||||||
2,600 | Aeon Mall Co., Ltd. | 60,955 | 1.0 | ||||||||||||||||
1,800 | Daito Trust Construction Co., Ltd. | 108,847 | 1.8 | ||||||||||||||||
28,700 | Mitsubishi Estate Co., Ltd. | 502,779 | 8.2 | ||||||||||||||||
19,900 | Mitsui Fudosan Co., Ltd. | 376,314 | 6.1 | ||||||||||||||||
9,000 | Sumitomo Realty & Development Co., Ltd. | 196,053 | 3.2 | ||||||||||||||||
8,000 | Tokyo Tatemono Co., Ltd. | 32,235 | 0.5 | ||||||||||||||||
1,277,183 | 20.8 | ||||||||||||||||||
Singapore: 7.8% | |||||||||||||||||||
60,750 | CapitaLand Ltd. | 183,251 | 3.0 | ||||||||||||||||
10,100 | City Developments Ltd. | 99,662 | 1.6 | ||||||||||||||||
63,600 | @ | Global Logistic Properties Ltd. | 114,001 | 1.9 | |||||||||||||||
23,000 | Keppel Land Ltd. | 79,074 | 1.3 | ||||||||||||||||
475,988 | 7.8 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $2,784,498) | 3,505,221 | 57.1 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 41.8% | |||||||||||||||||||
Australia: 23.7% | |||||||||||||||||||
25,100 | CFS Retail Property Trust | 45,700 | 0.7 | ||||||||||||||||
18,700 | Charter Hall Retail REIT | 56,033 | 0.9 | ||||||||||||||||
117,600 | Dexus Property Group | 95,778 | 1.6 | ||||||||||||||||
72,600 | FKP Property Group | 66,818 | 1.1 | ||||||||||||||||
194,073 | Goodman Group | 120,043 | 1.9 | ||||||||||||||||
49,998 | GPT Group | 136,954 | 2.2 | ||||||||||||||||
116,800 | ** | ING Industrial Fund | 60,246 | 1.0 | |||||||||||||||
103,100 | ** | ING Office Fund | 62,311 | 1.0 | |||||||||||||||
47,100 | Mirvac Group | 59,932 | 1.0 | ||||||||||||||||
57,984 | Stockland | 214,725 | 3.5 | ||||||||||||||||
44,261 | Westfield Group | 538,318 | 8.8 | ||||||||||||||||
1,456,858 | 23.7 | ||||||||||||||||||
Hong Kong: 2.4% | |||||||||||||||||||
48,800 | Link Real Estate Investment Trust | 150,618 | 2.4 | ||||||||||||||||
Japan: 8.4% | |||||||||||||||||||
5 | Frontier Real Estate Investment Corp. | 40,146 | 0.7 | ||||||||||||||||
2 | Japan Logistics Fund, Inc. | 16,494 | 0.3 | ||||||||||||||||
9 | Japan Real Estate Investment Corp. | 86,642 | 1.4 | ||||||||||||||||
42 | Japan Retail Fund Investment Corp. | 65,415 | 1.1 | ||||||||||||||||
8 | Kenedix Realty Investment Corp. | 31,826 | 0.5 | ||||||||||||||||
5 | Mori Trust Sogo REIT, Inc. | 45,429 | 0.7 | ||||||||||||||||
4 | Nippon Accommodations Fund, Inc. | 23,817 | 0.4 | ||||||||||||||||
14 | Nippon Building Fund, Inc. | 137,180 | 2.2 | ||||||||||||||||
10 | United Urban Investment Corp. | 68,648 | 1.1 | ||||||||||||||||
515,597 | 8.4 | ||||||||||||||||||
Singapore: 7.3% | |||||||||||||||||||
141,600 | CapitaCommercial Trust | 163,696 | 2.7 | ||||||||||||||||
81,700 | CapitaMall Trust | 125,501 | 2.1 | ||||||||||||||||
49,600 | CDL Hospitality Trusts | 82,257 | 1.3 | ||||||||||||||||
72,000 | Fortune Real Estate Investment Trust | 36,735 | 0.6 | ||||||||||||||||
31,400 | Suntec Real Estate Investment Trust | 37,872 | 0.6 | ||||||||||||||||
446,061 | 7.3 | ||||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $2,103,651) | 2,569,134 | 41.8 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $4,888,150) | 6,074,355 | 98.9 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.7% | |||||||||||||||||||
Affiliated Mutual Fund: 0.7% | |||||||||||||||||||
43,928 | ING Institutional Prime Money Market Fund — Class I | 43,928 | 0.7 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $43,928) | 43,928 | 0.7 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $4,932,078)* | $ | 6,118,283 | 99.6 | ||||||||||||||||
Other Assets and Liabilities — Net | 24,542 | 0.4 | |||||||||||||||||
Net Assets | $ | 6,142,825 | 100.0 |
AS OF OCTOBER 31, 2010 (CONTINUED)
@ | Non-income producing security |
** | Investment in affiliate |
* | Cost for federal income tax purposes is $6,015,483. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 663,827 | ||||
Gross Unrealized Depreciation | (561,027 | ) | ||||
Net Unrealized Appreciation | $ | 102,800 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Affiliated Investment Companies | 2.0 | % | ||||
Financials | 96.9 | |||||
Short-Term Investments | 0.7 | |||||
Other Assets and Liabilities — Net | 0.4 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Hong Kong | $ | — | $ | 1,752,051 | $ | — | $ | 1,752,050 | ||||||||||
Japan | — | 1,277,183 | — | 1,277,183 | ||||||||||||||
Singapore | 114,001 | 361,987 | — | 475,988 | ||||||||||||||
Total Common Stock | 114,001 | 3,391,221 | — | 3,505,221 | ||||||||||||||
Real Estate Investment Trusts | — | 2,569,134 | — | 2,569,134 | ||||||||||||||
Short-Term Investments | 43,928 | — | — | 43,928 | ||||||||||||||
Total Investments, at value | $ | 157,929 | $ | 5,960,354 | $ | — | $ | 6,118,283 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 82.6% | |||||||||||||||||||
Australia: 0.9% | |||||||||||||||||||
272,558 | Aquarius Platinum Ltd. | $ | 1,576,613 | 0.9 | |||||||||||||||
Bermuda: 0.4% | |||||||||||||||||||
Other Securities | 816,961 | 0.4 | |||||||||||||||||
Brazil: 14.5% | |||||||||||||||||||
147,280 | Banco do Brasil S.A. | 2,851,531 | 1.5 | ||||||||||||||||
172,434 | BR Malls Participacoes S.A. | 1,619,579 | 0.9 | ||||||||||||||||
18,849 | Cia de Bebidas das Americas ADR | 2,624,535 | 1.4 | ||||||||||||||||
102,314 | Cia Vale do Rio Doce | 3,222,322 | 1.7 | ||||||||||||||||
102,273 | Itau Unibanco Holding SA ADR | 2,511,825 | 1.4 | ||||||||||||||||
84,378 | Localiza Rent a Car S.A. | 1,396,954 | 0.7 | ||||||||||||||||
192,324 | @ | OGX Petroleo e Gas Participacoes S.A. | 2,514,475 | 1.4 | |||||||||||||||
202,395 | Petroleo Brasileiro S.A. | 3,391,304 | 3.6 | ||||||||||||||||
102,495 | Petroleo Brasileiro SA ADR | 3,196,819 | |||||||||||||||||
38,134 | Vale S.A. ADR | 1,225,627 | 0.7 | ||||||||||||||||
Other Securities | 2,138,823 | 1.2 | |||||||||||||||||
26,693,794 | 14.5 | ||||||||||||||||||
Canada: 1.0% | |||||||||||||||||||
58,314 | @ | Pacific Rubiales Energy Corp. | 1,858,798 | 1.0 | |||||||||||||||
China: 11.0% | |||||||||||||||||||
2,737,000 | China Citic Bank | 1,995,601 | 1.1 | ||||||||||||||||
405,000 | China Yurun Food Group Ltd. | 1,580,615 | 0.8 | ||||||||||||||||
335,200 | Dongfang Electrical Machinery Co., Ltd. | 1,631,242 | 0.9 | ||||||||||||||||
3,745,000 | Industrial and Commercial Bank of China Ltd. | 3,025,561 | 1.6 | ||||||||||||||||
Other Securities | 12,113,895 | 6.6 | |||||||||||||||||
20,346,914 | 11.0 | ||||||||||||||||||
Czech Republic: 0.9% | |||||||||||||||||||
7,344 | Komercni Banka A/S | 1,667,137 | 0.9 | ||||||||||||||||
Egypt: 1.1% | |||||||||||||||||||
278,053 | Commercial International Bank | 2,079,578 | 1.1 | ||||||||||||||||
Hong Kong: 6.1% | |||||||||||||||||||
297,000 | China Mobile Ltd. | 3,033,057 | 1.6 | ||||||||||||||||
1,597,000 | CNOOC Ltd. | 3,334,086 | 1.8 | ||||||||||||||||
Other Securities | 4,882,037 | 2.7 | |||||||||||||||||
11,249,180 | 6.1 | ||||||||||||||||||
India: 7.2% | |||||||||||||||||||
68,027 | Bank of Baroda | 1,555,899 | 0.8 | ||||||||||||||||
91,145 | Housing Development Finance Corp. | 1,412,543 | 0.8 | ||||||||||||||||
46,754 | ICICI Bank Ltd. | 1,230,989 | 0.7 | ||||||||||||||||
39,619 | Infosys Technologies Ltd. | 2,656,855 | 1.4 | ||||||||||||||||
49,569 | Larsen & Toubro Ltd. | 2,265,820 | 1.2 | ||||||||||||||||
Other Securities | 4,227,003 | 2.3 | |||||||||||||||||
13,349,109 | 7.2 | ||||||||||||||||||
Indonesia: 2.5% | |||||||||||||||||||
1,355,000 | Telekomunikasi Indonesia Tbk PT | 1,375,571 | 0.8 | ||||||||||||||||
Other Securities | 3,221,171 | 1.7 | |||||||||||||||||
4,596,742 | 2.5 | ||||||||||||||||||
Kazakhstan: 0.4% | |||||||||||||||||||
Other Securities | 809,950 | 0.4 | |||||||||||||||||
Luxembourg: 0.8% | |||||||||||||||||||
Other Securities | 1,497,972 | 0.8 | |||||||||||||||||
Malaysia: 0.4% | |||||||||||||||||||
Other Securities | 714,044 | 0.4 | |||||||||||||||||
Mexico: 3.9% | |||||||||||||||||||
61,143 | America Movil SA de CV — Series L ADR | 3,501,048 | 1.9 | ||||||||||||||||
Other Securities | 3,750,627 | 2.0 | |||||||||||||||||
7,251,675 | 3.9 | ||||||||||||||||||
Netherlands: 0.5% | |||||||||||||||||||
Other Securities | 950,238 | 0.5 | |||||||||||||||||
Peru: 0.2% | |||||||||||||||||||
Other Securities | 275,563 | 0.2 | |||||||||||||||||
Poland: 1.1% | |||||||||||||||||||
14,835 | Powszechny Zaklad Ubezpieczen SA | 1,967,299 | 1.1 | ||||||||||||||||
Russia: 5.3% | |||||||||||||||||||
62,740 | Mechel OAO ADR | 1,477,527 | 0.8 | ||||||||||||||||
64,272 | Mobile Telesystems Finance SA ADR | 1,391,489 | 0.8 | ||||||||||||||||
13,532 | Novatek OAO GDR | 1,293,546 | 0.7 | ||||||||||||||||
211,220 | @ | OAO Rosneft Oil Co. GDR | 1,469,697 | 0.8 | |||||||||||||||
894,533 | Sberbank of Russian Federation | 2,964,482 | 1.6 | ||||||||||||||||
Other Securities | 1,198,597 | 0.6 | |||||||||||||||||
9,795,338 | 5.3 | ||||||||||||||||||
South Africa: 4.4% | |||||||||||||||||||
119,687 | Imperial Holdings Ltd. | 1,956,303 | 1.0 | ||||||||||||||||
79,600 | MTN Group Ltd. | 1,432,001 | 0.8 | ||||||||||||||||
48,497 | Naspers Ltd. | 2,543,780 | 1.4 | ||||||||||||||||
Other Securities | 2,263,223 | 1.2 | |||||||||||||||||
8,195,307 | 4.4 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
South Korea: 8.6% | |||||||||||||||||||
53,473 | KB Financial Group, Inc. | $ | 2,380,891 | 1.3 | |||||||||||||||
48,520 | Kia Motors Corp. | 1,941,357 | 1.1 | ||||||||||||||||
6,471 | Posco | 2,670,763 | 1.4 | ||||||||||||||||
6,918 | Samsung Electronics Co., Ltd. | 4,589,581 | 2.5 | ||||||||||||||||
10,549 | Samsung Engineering Co., Ltd. | 1,685,865 | 0.9 | ||||||||||||||||
Other Securities | 2,577,284 | 1.4 | |||||||||||||||||
15,845,741 | 8.6 | ||||||||||||||||||
Taiwan: 7.4% | |||||||||||||||||||
663,703 | Acer, Inc. | 1,932,776 | 1.0 | ||||||||||||||||
1,029,840 | Far Eastern Textile Co., Ltd. | 1,481,200 | 0.8 | ||||||||||||||||
1,062,776 | HON HAI Precision Industry Co., Ltd. | 4,019,451 | 2.2 | ||||||||||||||||
1,207,610 | Taiwan Semiconductor Manufacturing Co., Ltd. | 2,484,431 | 1.3 | ||||||||||||||||
Other Securities | 3,829,175 | 2.1 | |||||||||||||||||
13,747,033 | 7.4 | ||||||||||||||||||
Thailand: 1.7% | |||||||||||||||||||
234,000 | PTT Exploration & Production PCL | 1,338,525 | 0.7 | ||||||||||||||||
536,100 | Siam Commercial Bank PCL | 1,832,897 | 1.0 | ||||||||||||||||
3,171,422 | 1.7 | ||||||||||||||||||
Turkey: 1.6% | |||||||||||||||||||
191,983 | Turkcell Iletisim Hizmet AS | 1,373,844 | 0.7 | ||||||||||||||||
Other Securities | 1,563,510 | 0.9 | |||||||||||||||||
2,937,354 | 1.6 | ||||||||||||||||||
United Kingdom: 0.7% | |||||||||||||||||||
Other Securities | 1,197,298 | 0.7 | |||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $111,954,284) | 152,591,060 | 82.6 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 9.7% | |||||||||||||||||||
Emerging Markets: 3.1% | |||||||||||||||||||
125,566 | iShares MSCI Emerging Markets Index Fund | 5,792,360 | 3.1 | ||||||||||||||||
Hong Kong: 1.9% | |||||||||||||||||||
2,005,400 | iShares FTSE/Xinhua A50 CHINA Index ETF | 3,544,458 | 1.9 | ||||||||||||||||
South Korea: 3.8% | |||||||||||||||||||
128,899 | iShares MSCI South Korea Index Fund | 7,010,817 | 3.8 | ||||||||||||||||
United States: 0.9% | |||||||||||||||||||
113,078 | L | iShares MSCI Malaysia Index Fund | 1,591,007 | 0.9 | |||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $16,957,094) | 17,938,642 | 9.7 | |||||||||||||||||
PREFERRED STOCK: 1.6% | |||||||||||||||||||
Brazil: 1.6% | |||||||||||||||||||
28,000 | @, # | Itau Unibanco Holding SA ADR | $ | 683,409 | 0.4 | ||||||||||||||
Other Securities | 2,308,118 | 1.2 | |||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $2,886,301) | 2,991,527 | 1.6 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $131,797,679) | 173,521,229 | 93.9 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.3% | |||||||||||||||||||
Securities Lending Collateralcc: 1.3% | |||||||||||||||||||
2,144,183 | BNY Mellon Overnight Government Fund(1) | 2,144,183 | 1.2 | ||||||||||||||||
161,615 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 129,292 | 0.1 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $2,305,798) | 2,273,475 | 1.3 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $134,103,477)* | $ | 175,794,704 | 95.2 | ||||||||||||||||
Other Assets and Liabilities — Net | 8,946,858 | 4.8 | |||||||||||||||||
Net Assets | $ | 184,741,562 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
R | Restricted security |
# | Securities with purchases pursuant to Rule 144A or section 4(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, these securities have been determined to be liquid under the guidelines established by the Funds’ Board of Directors/Trustees. |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
AS OF OCTOBER 31, 2010 (CONTINUED)
* | Cost for federal income tax purposes is $138,839,123. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 43,822,402 | ||||
Gross Unrealized Depreciation | (6,866,821 | ) | ||||
Net Unrealized Appreciation | $ | 36,955,581 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 6.4 | % | ||||
Consumer Staples | 4.5 | |||||
Energy | 11.7 | |||||
Financials | 23.5 | |||||
Industrials | 5.8 | |||||
Information Technology | 10.1 | |||||
Materials | 13.0 | |||||
Telecommunication Services | 7.5 | |||||
Utilities | 1.7 | |||||
Other Long-Term Investments | 9.7 | |||||
Short-Term Investments | 1.3 | |||||
Other Assets and Liabilities — Net | 4.8 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 1,576,613 | $ | — | $ | 1,576,613 | ||||||||||
Bermuda | 816,961 | — | — | 816,961 | ||||||||||||||
Brazil | 24,181,969 | 2,511,825 | — | 26,693,794 | ||||||||||||||
Canada | 1,858,798 | — | — | 1,858,798 | ||||||||||||||
China | — | 20,346,914 | — | 20,346,914 | ||||||||||||||
Czech Republic | — | 1,667,137 | — | 1,667,137 | ||||||||||||||
Egypt | — | 2,079,578 | — | 2,079,578 | ||||||||||||||
Hong Kong | 943,262 | 10,305,918 | — | 11,249,180 | ||||||||||||||
India | — | 13,349,109 | — | 13,349,109 | ||||||||||||||
Indonesia | — | 4,596,742 | — | 4,596,742 | ||||||||||||||
Kazakhstan | — | 809,950 | — | 809,950 | ||||||||||||||
Luxembourg | 709,185 | 788,787 | — | 1,497,972 | ||||||||||||||
Malaysia | — | 714,044 | — | 714,044 | ||||||||||||||
Mexico | 7,251,675 | — | — | 7,251,675 | ||||||||||||||
Netherlands | — | 950,238 | — | 950,238 | ||||||||||||||
Peru | 275,563 | — | — | 275,563 | ||||||||||||||
Poland | — | 1,967,299 | — | 1,967,299 | ||||||||||||||
Russia | 7,032,095 | 2,763,243 | — | 9,795,338 | ||||||||||||||
South Africa | — | 8,195,307 | — | 8,195,307 | ||||||||||||||
South Korea | — | 15,845,741 | — | 15,845,741 | ||||||||||||||
Taiwan | — | 13,747,033 | — | 13,747,033 | ||||||||||||||
Thailand | — | 3,171,422 | — | 3,171,422 | ||||||||||||||
Turkey | — | 2,937,354 | — | 2,937,354 | ||||||||||||||
United Kingdom | — | 1,197,298 | — | 1,197,298 | ||||||||||||||
Total Common Stock | 43,069,508 | 109,521,552 | — | 152,591,060 | ||||||||||||||
Exchange-Traded Funds | 17,938,642 | — | — | 17,938,642 | ||||||||||||||
Preferred Stock | 2,308,118 | — | 683,409 | 2,991,527 | ||||||||||||||
Short-Term Investments | 2,144,183 | — | 129,292 | 2,273,475 | ||||||||||||||
Total Investments, at value | $ | 65,460,451 | $ | 109,521,552 | $ | 812,701 | $ | 175,794,704 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Preferred Stock | $ | — | $ | 448,000 | $ | — | $ | — | $ | — | $ | 235,409 | $ | — | $ | — | $ | 683,409 | ||||||||||||||||||||
Short-Term Investments | — | — | — | — | — | — | 129,292 | — | 129,292 | |||||||||||||||||||||||||||||
Total Investments, at value | $ | — | $ | 448,000 | $ | — | $ | — | $ | — | $ | 235,409 | $ | 129,292 | $ | — | $ | 812,701 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 26.5% | |||||||||||||||||||
Austria: 3.2% | |||||||||||||||||||
36,354 | @ | Immofinanz Immobilien Anlagen AG | $ | 143,371 | 3.2 | ||||||||||||||
Finland: 1.3% | |||||||||||||||||||
12,864 | Citycon OYJ | 57,649 | 1.3 | ||||||||||||||||
France: 1.0% | |||||||||||||||||||
1,050 | Nexity | 46,624 | 1.0 | ||||||||||||||||
Germany: 4.2% | |||||||||||||||||||
2,650 | Deutsche Euroshop AG | 101,649 | 2.3 | ||||||||||||||||
2,750 | @ | Deutsche Wohnen AG | 33,268 | 0.7 | |||||||||||||||
4,962 | DIC Asset AG | 52,088 | 1.2 | ||||||||||||||||
187,005 | 4.2 | ||||||||||||||||||
Italy: 0.1% | |||||||||||||||||||
6,084 | @ | Beni Stabili SpA | 6,097 | 0.1 | |||||||||||||||
Norway: 1.1% | |||||||||||||||||||
25,400 | @ | Norwegian Property ASA | 47,744 | 1.1 | |||||||||||||||
Sweden: 3.3% | |||||||||||||||||||
4,467 | Castellum AB | 58,527 | 1.3 | ||||||||||||||||
6,060 | Hufvudstaden AB | 67,765 | 1.5 | ||||||||||||||||
780 | Wihlborgs Fastigheter AB | 21,940 | 0.5 | ||||||||||||||||
148,232 | 3.3 | ||||||||||||||||||
Switzerland: 7.4% | |||||||||||||||||||
1,670 | @ | PSP Swiss Property AG | 128,347 | 2.9 | |||||||||||||||
2,777 | @ | Swiss Prime Site AG | 199,347 | 4.5 | |||||||||||||||
327,694 | 7.4 | ||||||||||||||||||
United Kingdom: 4.9% | |||||||||||||||||||
7,745 | Atrium European Real Estate Ltd. | 46,570 | 1.1 | ||||||||||||||||
5,661 | Capital & Counties Properties PLC | 13,543 | 0.3 | ||||||||||||||||
7,200 | Grainger PLC | 12,279 | 0.3 | ||||||||||||||||
41,598 | Safestore Holdings Ltd. | 86,620 | 1.9 | ||||||||||||||||
17,470 | @ | Unite Group PLC | 58,321 | 1.3 | |||||||||||||||
217,333 | 4.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $904,781) | 1,181,749 | 26.5 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 70.0% | |||||||||||||||||||
Belgium: 3.1% | |||||||||||||||||||
630 | Cofinimmo | 89,967 | 2.0 | ||||||||||||||||
870 | Warehouses De Pauw SCA | 47,527 | 1.1 | ||||||||||||||||
137,494 | 3.1 | ||||||||||||||||||
France: 30.1% | |||||||||||||||||||
480 | ANF Immobilier | 21,178 | 0.5 | ||||||||||||||||
1,114 | Fonciere Des Regions | 127,351 | 2.9 | ||||||||||||||||
1,008 | Gecina S.A. | 122,404 | 2.7 | ||||||||||||||||
143 | ICADE | 15,718 | 0.3 | ||||||||||||||||
3,079 | Klepierre | 119,861 | 2.7 | ||||||||||||||||
2,932 | Mercialys | 116,735 | 2.6 | ||||||||||||||||
390 | Societe de la Tour Eiffel | 32,483 | 0.7 | ||||||||||||||||
420 | Societe Immobiliere de Location pour l’Industrie et le Commerce | 56,459 | 1.3 | ||||||||||||||||
3,500 | Unibail | 730,267 | 16.4 | ||||||||||||||||
1,342,456 | 30.1 | ||||||||||||||||||
Italy: 0.3% | |||||||||||||||||||
6,210 | Immobiliare Grande Distribuz | 12,444 | 0.3 | ||||||||||||||||
Netherlands: 8.7% | |||||||||||||||||||
3,007 | Corio NV | 221,027 | 5.0 | ||||||||||||||||
1,560 | Eurocommercial Properties NV | 77,221 | 1.7 | ||||||||||||||||
640 | Vastned Retail NV | 44,512 | 1.0 | ||||||||||||||||
440 | Wereldhave NV | 44,740 | 1.0 | ||||||||||||||||
387,500 | 8.7 | ||||||||||||||||||
United Kingdom: 27.8% | |||||||||||||||||||
3,270 | Big Yellow Group PLC | 17,405 | 0.4 | ||||||||||||||||
37,046 | British Land Co. PLC | 302,457 | 6.8 | ||||||||||||||||
8,661 | Capital Shopping Centres Group PLC | 53,330 | 1.2 | ||||||||||||||||
5,630 | Derwent Valley Holdings PLC | 137,176 | 3.1 | ||||||||||||||||
19,873 | Great Portland Estates PLC | 110,053 | 2.5 | ||||||||||||||||
24,265 | Hammerson PLC | 163,027 | 3.6 | ||||||||||||||||
12,530 | Hansteen Holdings PLC | 14,506 | 0.3 | ||||||||||||||||
30,491 | Land Securities Group PLC | 330,638 | 7.4 | ||||||||||||||||
23,136 | Segro PLC | 109,920 | 2.5 | ||||||||||||||||
1,238,512 | 27.8 | ||||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $2,364,892) | 3,118,406 | 70.0 | |||||||||||||||||
INVESTMENT COMPANIES: 1.0% | |||||||||||||||||||
Luxembourg: 1.0% | |||||||||||||||||||
7,170 | @ | Prologis European Properties | 45,838 | 1.0 | |||||||||||||||
Total Mutual Funds | |||||||||||||||||||
(Cost $40,519) | 45,838 | 1.0 | |||||||||||||||||
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGHTS: 0.0% | |||||||||||||||||||
Austria: 0.0% | |||||||||||||||||||
27,063 | Immoeast AG | $ | — | 0.0 | |||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | — | 0.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $3,310,192) | 4,345,993 | 97.5 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.3% | |||||||||||||||||||
Affiliated Mutual Fund: 1.3% | |||||||||||||||||||
57,279 | ING Institutional Prime Money Market Fund — Class I | 57,279 | 1.3 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $57,279) | 57,279 | 1.3 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $3,367,471)* | $ | 4,403,272 | 98.8 | ||||||||||||||||
Other Assets and Liabilities — Net | 55,190 | 1.2 | |||||||||||||||||
Net Assets | $ | 4,458,462 | 100.0 |
@ | Non-income producing security |
* | Cost for federal income tax purposes is $4,243,608. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 695,098 | ||||
Gross Unrealized Depreciation | (535,434 | ) | ||||
Net Unrealized Appreciation | $ | 159,664 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Closed-End Funds | 1.0 | % | ||||
Consumer Discretionary | 1.0 | |||||
Financials | 95.5 | |||||
Short-Term Investments | 1.3 | |||||
Other Assets and Liabilities — Net | 1.2 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Austria | $ | — | $ | 143,371 | $ | — | $ | 143,371 | ||||||||||
Finland | — | 57,649 | — | 57,649 | ||||||||||||||
France | — | 46,624 | — | 46,624 | ||||||||||||||
Germany | 134,917 | 52,088 | — | 187,005 | ||||||||||||||
Italy | 6,097 | — | — | 6,097 | ||||||||||||||
Norway | — | 47,744 | — | 47,744 | ||||||||||||||
Sweden | — | 148,232 | — | 148,232 | ||||||||||||||
Switzerland | — | 327,694 | — | 327,694 | ||||||||||||||
United Kingdom | 13,543 | 203,790 | — | 217,333 | ||||||||||||||
Total Common Stock | 154,557 | 1,027,192 | — | 1,181,749 | ||||||||||||||
Real Estate Investment Trusts | 68,705 | 3,049,701 | — | 3,118,406 | ||||||||||||||
Investment Companies | — | 45,838 | — | 45,838 | ||||||||||||||
Short-Term Investments | 57,279 | — | — | 57,279 | ||||||||||||||
Total Investments, at value | $ | 280,541 | $ | 4,122,731 | $ | — | $ | 4,403,272 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 95.4% | |||||||||||||||||||
Bermuda: 0.6% | |||||||||||||||||||
Other Securities | $ | 732,118 | 0.6 | ||||||||||||||||
Brazil: 3.3% | |||||||||||||||||||
33,988 | Petroleo Brasileiro SA ADR | 1,159,671 | 0.9 | ||||||||||||||||
140,066 | SLC Agricola SA | 1,729,922 | 1.4 | ||||||||||||||||
Other Securities | 1,221,498 | 1.0 | |||||||||||||||||
4,111,091 | 3.3 | ||||||||||||||||||
Canada: 2.5% | |||||||||||||||||||
21,196 | Barrick Gold Corp. | 1,020,833 | 0.8 | ||||||||||||||||
30,024 | GoldCorp, Inc. | 1,340,615 | 1.1 | ||||||||||||||||
Other Securities | 769,754 | 0.6 | |||||||||||||||||
3,131,202 | 2.5 | ||||||||||||||||||
China: 6.7% | |||||||||||||||||||
1,105,000 | China Communications Construction Co., Ltd. | 1,059,664 | 0.9 | ||||||||||||||||
1,227,000 | China Construction Bank | 1,173,016 | 0.9 | ||||||||||||||||
371,000 | China Yurun Food Group Ltd. | 1,447,921 | 1.2 | ||||||||||||||||
568,000 | Golden Eagle Retail Group Ltd. | 1,514,374 | 1.2 | ||||||||||||||||
114,000 | Ping An Insurance Group Co. of China Ltd. | 1,232,534 | 1.0 | ||||||||||||||||
Other Securities | 1,875,105 | 1.5 | |||||||||||||||||
8,302,614 | 6.7 | ||||||||||||||||||
Denmark: 0.9% | |||||||||||||||||||
Other Securities | 1,116,311 | 0.9 | |||||||||||||||||
France: 3.3% | |||||||||||||||||||
10,109 | LVMH Moet Hennessy Louis Vuitton S.A. | 1,586,030 | 1.3 | ||||||||||||||||
Other Securities | 2,560,187 | 2.0 | |||||||||||||||||
4,146,217 | 3.3 | ||||||||||||||||||
Germany: 2.3% | |||||||||||||||||||
Other Securities | 2,905,732 | 2.3 | |||||||||||||||||
Hong Kong: 3.6% | |||||||||||||||||||
390,800 | @ | AIA Group Ltd. | 1,162,127 | 0.9 | |||||||||||||||
1,432,000 | L | Chaoda Modern Agriculture | 1,170,469 | 0.9 | |||||||||||||||
Other Securities | 2,203,910 | 1.8 | |||||||||||||||||
4,536,506 | 3.6 | ||||||||||||||||||
Indonesia: 0.5% | |||||||||||||||||||
Other Securities | 675,588 | 0.5 | |||||||||||||||||
Japan: 4.0% | |||||||||||||||||||
34,128 | Honda Motor Co., Ltd. | 1,230,273 | 1.0 | ||||||||||||||||
77,400 | Mitsui & Co., Ltd. | 1,217,302 | 1.0 | ||||||||||||||||
Other Securities | 2,565,989 | 2.0 | |||||||||||||||||
5,013,564 | 4.0 | ||||||||||||||||||
Mexico: 0.8% | |||||||||||||||||||
Other Securities | 949,271 | 0.8 | |||||||||||||||||
Netherlands: 2.0% | |||||||||||||||||||
Other Securities | 2,448,848 | 2.0 | |||||||||||||||||
Norway: 1.4% | |||||||||||||||||||
Other Securities | 1,676,923 | 1.4 | |||||||||||||||||
Peru: 0.6% | |||||||||||||||||||
Other Securities | 689,520 | 0.6 | |||||||||||||||||
Russia: 0.7% | |||||||||||||||||||
Other Securities | 911,757 | 0.7 | |||||||||||||||||
Singapore: 0.5% | |||||||||||||||||||
Other Securities | 656,628 | 0.5 | |||||||||||||||||
South Africa: 1.1% | |||||||||||||||||||
Other Securities | 1,372,786 | 1.1 | |||||||||||||||||
South Korea: 1.7% | |||||||||||||||||||
31,150 | Shinhan Financial Group Ltd. | 1,206,757 | 1.0 | ||||||||||||||||
Other Securities | 867,761 | 0.7 | |||||||||||||||||
2,074,518 | 1.7 | ||||||||||||||||||
Spain: 0.9% | |||||||||||||||||||
43,564 | Telefonica S.A. | 1,177,215 | 0.9 | ||||||||||||||||
Switzerland: 6.5% | |||||||||||||||||||
32,000 | Compagnie Financiere Richemont S.A. | 1,596,103 | 1.3 | ||||||||||||||||
33,398 | Credit Suisse Group | 1,382,631 | 1.1 | ||||||||||||||||
22,735 | Nestle S.A. | 1,245,298 | 1.0 | ||||||||||||||||
24,368 | Novartis AG | 1,411,949 | 1.1 | ||||||||||||||||
57,819 | Xstrata PLC | 1,120,150 | 0.9 | ||||||||||||||||
Other Securities | 1,300,748 | 1.1 | |||||||||||||||||
8,056,879 | 6.5 | ||||||||||||||||||
Turkey: 0.6% | |||||||||||||||||||
Other Securities | 761,592 | 0.6 | |||||||||||||||||
United Kingdom: 8.0% | |||||||||||||||||||
55,922 | BG Group PLC | 1,088,591 | 0.9 | ||||||||||||||||
29,544 | BHP Billiton PLC | 1,046,602 | 0.8 | ||||||||||||||||
278,655 | BP PLC | 1,894,075 | 1.5 | ||||||||||||||||
205,478 | HSBC Holdings PLC | 2,138,553 | 1.7 | ||||||||||||||||
37,698 | Imperial Tobacco Group PLC | 1,207,366 | 1.0 | ||||||||||||||||
16,964 | Rio Tinto PLC | 1,101,822 | 0.9 | ||||||||||||||||
Other Securities | 1,541,015 | 1.2 | |||||||||||||||||
10,018,024 | 8.0 | ||||||||||||||||||
United States: 42.9% | |||||||||||||||||||
85,222 | @ | Adobe Systems, Inc. | 2,398,999 | 1.9 | |||||||||||||||
33,908 | @ | AGCO Corp. | 1,440,073 | 1.1 | |||||||||||||||
10,183 | @ | Apple, Inc. | 3,063,759 | 2.4 | |||||||||||||||
16,539 | @ | Celgene Corp. | 1,026,576 | 0.8 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
48,699 | @ | Cisco Systems, Inc. | $ | 1,111,798 | 0.9 | ||||||||||||||
585,862 | @ | Citigroup, Inc. | 2,443,040 | 2.0 | |||||||||||||||
40,267 | @ | Citrix Systems, Inc. | 2,579,907 | 2.1 | |||||||||||||||
116,262 | @ | Dean Foods Co. | 1,209,125 | 1.0 | |||||||||||||||
22,435 | ExxonMobil Corp. | 1,491,254 | 1.2 | ||||||||||||||||
64,931 | General Electric Co. | 1,040,195 | 0.8 | ||||||||||||||||
2,147 | @ | Google, Inc. — Class A | 1,316,090 | 1.1 | |||||||||||||||
40,451 | Hewlett-Packard Co. | 1,701,369 | 1.4 | ||||||||||||||||
31,620 | JP Morgan Chase & Co. | 1,189,861 | 0.9 | ||||||||||||||||
31,790 | @ | Juniper Networks, Inc. | 1,029,678 | 0.8 | |||||||||||||||
19,750 | @ | Life Technologies Corp. | 991,055 | 0.8 | |||||||||||||||
36,945 | Monsanto Co. | 2,195,272 | 1.8 | ||||||||||||||||
24,115 | @ | NetApp, Inc. | 1,284,124 | 1.0 | |||||||||||||||
13,239 | Occidental Petroleum Corp. | 1,040,983 | 0.8 | ||||||||||||||||
106,573 | @ | Symantec Corp. | 1,724,351 | 1.4 | |||||||||||||||
25,819 | @ | Thermo Fisher Scientific, Inc. | 1,327,613 | 1.1 | |||||||||||||||
47,144 | Wells Fargo & Co. | 1,229,516 | 1.0 | ||||||||||||||||
25,633 | Yum! Brands, Inc. | 1,270,371 | 1.0 | ||||||||||||||||
Other Securities | 19,499,316 | 15.6 | |||||||||||||||||
53,604,325 | 42.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $99,714,638) | 119,069,229 | 95.4 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 2.0% | |||||||||||||||||||
United States: 2.0% | |||||||||||||||||||
42,659 | L | SPDR S&P Biotech ETF | 2,539,917 | 2.0 | |||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $2,123,775) | 2,539,917 | 2.0 | |||||||||||||||||
PREFERRED STOCK: 1.6% | |||||||||||||||||||
Brazil: 1.6% | |||||||||||||||||||
Other Securities | 1,969,200 | 1.6 | |||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $1,879,420) | 1,969,200 | 1.6 | |||||||||||||||||
RIGHTS: 0.0% | |||||||||||||||||||
United Kingdom: 0.0% | |||||||||||||||||||
Other Securities | 25,185 | 0.0 | |||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 25,185 | 0.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $103,717,833) | 123,603,531 | 99.0 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 4.2% | |||||||||||||||||||
Securities Lending Collateralcc: 4.2% | |||||||||||||||||||
5,156,183 | BNY Mellon Overnight Government Fund(1) | $ | 5,156,183 | 4.1 | |||||||||||||||
173,707 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 138,966 | 0.1 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $5,329,890) | 5,295,149 | 4.2 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $109,047,723)* | $ | 128,898,680 | 103.2 | ||||||||||||||||
Other Assets and Liabilities — Net | (4,054,731 | ) | (3.2 | ) | |||||||||||||||
Net Assets | $ | 124,843,949 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $109,809,190. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 20,841,080 | ||||
Gross Unrealized Depreciation | (1,751,590 | ) | ||||
Net Unrealized Appreciation | $ | 19,089,490 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 8.2 | % | ||||
Consumer Staples | 11.2 | |||||
Energy | 10.5 | |||||
Financials | 17.4 | |||||
Health Care | 9.5 | |||||
Industrials | 9.0 | |||||
Information Technology | 18.7 | |||||
Materials | 8.9 | |||||
Telecommunication Services | 2.5 | |||||
Utilities | 1.1 | |||||
Other Long-Term Investments | 2.0 | |||||
Short-Term Investments | 4.2 | |||||
Other Assets and Liabilities — Net | (3.2 | ) | ||||
Net Assets | 100.0 | % |
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Bermuda | $ | 732,118 | $ | — | $ | — | $ | 732,118 | ||||||||||
Brazil | 4,111,091 | — | — | 4,111,091 | ||||||||||||||
Canada | 3,131,202 | — | — | 3,131,202 | ||||||||||||||
China | — | 8,302,614 | — | 8,302,614 | ||||||||||||||
Denmark | — | 1,116,311 | — | 1,116,311 | ||||||||||||||
France | — | 4,146,217 | — | 4,146,217 | ||||||||||||||
Germany | — | 2,905,732 | — | 2,905,732 | ||||||||||||||
Hong Kong | 1,162,127 | 3,374,379 | — | 4,536,506 | ||||||||||||||
Indonesia | — | 675,588 | — | 675,588 | ||||||||||||||
Japan | — | 5,013,564 | — | 5,013,564 | ||||||||||||||
Mexico | 949,271 | — | — | 949,271 | ||||||||||||||
Netherlands | — | 2,448,848 | — | 2,448,848 | ||||||||||||||
Norway | — | 1,676,923 | — | 1,676,923 | ||||||||||||||
Peru | 689,520 | — | — | 689,520 | ||||||||||||||
Russia | 911,757 | — | — | 911,757 | ||||||||||||||
Singapore | — | 656,628 | — | 656,628 | ||||||||||||||
South Africa | — | 1,372,786 | — | 1,372,786 | ||||||||||||||
South Korea | — | 2,074,518 | — | 2,074,518 | ||||||||||||||
Spain | — | 1,177,215 | — | 1,177,215 | ||||||||||||||
Switzerland | — | 8,056,879 | — | 8,056,879 | ||||||||||||||
Turkey | — | 761,592 | — | 761,592 | ||||||||||||||
United Kingdom | — | 10,018,024 | — | 10,018,024 | ||||||||||||||
United States | 53,604,325 | — | — | 53,604,325 | ||||||||||||||
Total Common Stock | 65,291,411 | 53,777,818 | — | 119,069,229 | ||||||||||||||
Exchange-Traded Funds | 2,539,917 | — | — | 2,539,917 | ||||||||||||||
Preferred Stock | 1,969,200 | — | — | 1,969,200 | ||||||||||||||
Rights | 25,185 | — | — | 25,185 | ||||||||||||||
Short-Term Investments | 5,156,183 | — | 138,966 | 5,295,149 | ||||||||||||||
Total Investments, at value | $ | 74,981,896 | $ | 53,777,818 | $ | 138,966 | $ | 128,898,680 |
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 138,966 | $ | — | $ | 138,966 | ||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 138,966 | $ | — | $ | 138,966 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.6% | |||||||||||||||||||
China: 36.1% | |||||||||||||||||||
449,000 | 361 Degrees International Ltd. | $ | 435,596 | 1.0 | |||||||||||||||
4,114,000 | Bank of China Ltd. | 2,471,000 | 5.5 | ||||||||||||||||
1,028,000 | China Construction Bank | 982,772 | 2.2 | ||||||||||||||||
199,000 | China High Speed Transmission Equipment Group Co., Ltd. | 407,557 | 0.9 | ||||||||||||||||
276,000 | China Life Insurance Co., Ltd. | 1,213,375 | 2.7 | ||||||||||||||||
880,000 | China National Materials Co. Ltd | 785,544 | 1.7 | ||||||||||||||||
882,000 | China Petroleum & Chemical Corp. | 839,191 | 1.8 | ||||||||||||||||
1,489,000 | Evergrande Real Estate Group Ltd. | 633,789 | 1.4 | ||||||||||||||||
358,000 | Guangzhou Automobile Group Co., Ltd. | 544,996 | 1.2 | ||||||||||||||||
893,000 | Industrial and Commercial Bank of China Ltd. | 721,449 | 1.6 | ||||||||||||||||
612,000 | PetroChina Co., Ltd. | 753,332 | 1.7 | ||||||||||||||||
60,000 | Ping An Insurance Group Co. of China Ltd. | 648,702 | 1.4 | ||||||||||||||||
553,000 | @ | Real Gold Mining Ltd. | 988,411 | 2.2 | |||||||||||||||
1,258,000 | Shanghai Forte Land Co. | 375,090 | 0.8 | ||||||||||||||||
394,500 | Shimao Property Holdings Ltd. | 653,615 | 1.4 | ||||||||||||||||
17,400 | Tencent Holdings Ltd. | 399,980 | 0.9 | ||||||||||||||||
194,200 | @ | Xinjiang Goldwind Science & Technology Co., Ltd. | 502,333 | 1.1 | |||||||||||||||
346,000 | Yanzhou Coal Mining Co., Ltd. | 1,001,071 | 2.2 | ||||||||||||||||
149,500 | Zhaojin Mining Industry Co., Ltd. | 466,612 | 1.0 | ||||||||||||||||
Other Securities | 1,519,972 | 3.4 | |||||||||||||||||
16,344,387 | 36.1 | ||||||||||||||||||
Hong Kong: 38.4% | |||||||||||||||||||
394,500 | BOC Hong Kong Holdings Ltd. | 1,240,795 | 2.7 | ||||||||||||||||
48,000 | Cheung Kong Holdings Ltd. | 733,160 | 1.6 | ||||||||||||||||
243,500 | China Mobile Ltd. | 2,486,698 | 5.5 | ||||||||||||||||
446,000 | Chow Sang Sang Holdings International Ltd. | 1,174,310 | 2.6 | ||||||||||||||||
556,000 | CNOOC Ltd. | 1,160,771 | 2.6 | ||||||||||||||||
226,000 | Dah Sing Banking Group Ltd. | 387,589 | 0.9 | ||||||||||||||||
2,456,000 | @ | Fook Woo Group Holdings Ltd. | 870,708 | 1.9 | |||||||||||||||
34,700 | Hong Kong Exchanges and Clearing Ltd. | 765,956 | 1.7 | ||||||||||||||||
167,500 | HongKong Electric Holdings | 1,064,845 | 2.4 | ||||||||||||||||
48,000 | Hutchison Whampoa Ltd. | 474,059 | 1.0 | ||||||||||||||||
132,000 | Hysan Development Co., Ltd. | 511,228 | 1.1 | ||||||||||||||||
108,000 | Kerry Properties Ltd. | 599,985 | 1.3 | ||||||||||||||||
251,000 | New World Development Ltd. | 497,462 | 1.1 | ||||||||||||||||
233,500 | Ports Design Ltd. | 565,966 | 1.3 | ||||||||||||||||
86,000 | Shanghai Industrial Holdings Ltd. | 397,089 | 0.9 | ||||||||||||||||
2,518,000 | @ | Shougang Concord International Enterprises Co., Ltd. | 423,700 | 0.9 | |||||||||||||||
43,000 | Sun Hung Kai Properties Ltd. | 739,693 | 1.6 | ||||||||||||||||
156,000 | Wharf Holdings Ltd. | 1,027,142 | 2.3 | ||||||||||||||||
Other Securities | 2,251,368 | 5.0 | |||||||||||||||||
17,372,524 | 38.4 | ||||||||||||||||||
Taiwan: 23.1% | |||||||||||||||||||
429,250 | Cathay Financial Holding Co., Ltd. | 656,136 | 1.5 | ||||||||||||||||
958,913 | China Life Insurance Co., Ltd. | 778,135 | 1.7 | ||||||||||||||||
590,520 | Chinatrust Financial Holding Co., Ltd. | 368,655 | 0.8 | ||||||||||||||||
178,000 | Chunghwa Telecom Co., Ltd. | 416,365 | 1.8 | ||||||||||||||||
16,399 | Chunghwa Telecom Co., Ltd. ADR | 383,737 | |||||||||||||||||
1,351,701 | E.Sun Financial Holding Co., Ltd. | 694,266 | 1.5 | ||||||||||||||||
19,040 | High Tech Computer Corp. | 431,778 | 1.0 | ||||||||||||||||
176,960 | HON HAI Precision Industry Co., Ltd. | 669,269 | 1.5 | ||||||||||||||||
144,186 | Huaku Development Co. Ltd | 399,190 | 0.9 | ||||||||||||||||
289,439 | Lite-On Technology Corp. | 382,317 | 0.8 | ||||||||||||||||
127,000 | Novatek Microelectronics Corp. Ltd. | 370,291 | 0.8 | ||||||||||||||||
208,000 | Taiwan Fertilizer Co., Ltd. | 709,227 | 1.6 | ||||||||||||||||
901,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 1,853,641 | 4.1 | ||||||||||||||||
281,000 | The Ambassador Hotel | 444,283 | 1.0 | ||||||||||||||||
Other Securities | 1,868,668 | 4.1 | |||||||||||||||||
10,425,958 | 23.1 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $34,645,827) | 44,142,869 | 97.6 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 0.6% | |||||||||||||||||||
Hong Kong: 0.6% | |||||||||||||||||||
Other Securities | 274,693 | 0.6 | |||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $249,408) | 274,693 | 0.6 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
WARRANTS: 0.0% | |||||||||||||||||||
Hong Kong: 0.0% | |||||||||||||||||||
Other Securities | $ | 3,638 | 0.0 | ||||||||||||||||
Total Warrants | |||||||||||||||||||
(Cost $—) | 3,638 | 0.0 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $34,895,235)* | $ | 44,421,200 | 98.2 | ||||||||||||||||
Other Assets and Liabilities — Net | 813,103 | 1.8 | |||||||||||||||||
Net Assets | $ | 45,234,303 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
* | Cost for federal income tax purposes is $36,444,104. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 9,334,542 | ||||
Gross Unrealized Depreciation | (1,357,446 | ) | ||||
Net Unrealized Appreciation | $ | 7,977,096 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 8.1 | % | ||||
Consumer Staples | 1.6 | |||||
Energy | 8.8 | |||||
Financials | 42.9 | |||||
Industrials | 8.1 | |||||
Information Technology | 11.1 | |||||
Materials | 7.4 | |||||
Telecommunication Services | 7.8 | |||||
Utilities | 2.4 | |||||
Other Assets and Liabilities — Net | 1.8 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
China | $ | 1,162,583 | $ | 15,181,804 | $ | — | $ | 16,344,387 | ||||||||||
Hong Kong | 634,131 | 16,738,393 | — | 17,372,524 | ||||||||||||||
Taiwan | 383,737 | 10,042,221 | — | 10,425,958 | ||||||||||||||
Total Common Stock | 2,180,451 | 41,962,418 | — | 44,142,869 | ||||||||||||||
Real Estate Investment Trusts | — | 274,693 | — | 274,693 | ||||||||||||||
Warrants | 3,638 | — | — | 3,638 | ||||||||||||||
Total Investments, at value | $ | 2,184,089 | $ | 42,237,111 | $ | — | $ | 44,421,200 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
EQUITY FUND
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 95.0% | |||||||||||||||||||
Australia: 7.4% | |||||||||||||||||||
32,125 | Australia & New Zealand Banking Group Ltd. | $ | 783,743 | 0.6 | |||||||||||||||
40,159 | BHP Billiton Ltd. | 1,659,416 | 1.2 | ||||||||||||||||
21,386 | Commonwealth Bank of Australia | 1,028,092 | 0.7 | ||||||||||||||||
29,349 | Woolworths Ltd. | 814,754 | 0.6 | ||||||||||||||||
Other Securities | 5,969,352 | 4.3 | |||||||||||||||||
10,255,357 | 7.4 | ||||||||||||||||||
Austria: 0.4% | |||||||||||||||||||
Other Securities | 600,072 | 0.4 | |||||||||||||||||
Belgium: 1.5% | |||||||||||||||||||
17,514 | Anheuser-Busch InBev NV | 1,099,948 | 0.8 | ||||||||||||||||
22,249 | @ | Anheuser-Busch InBev NV VVPR Strips | 93 | ||||||||||||||||
Other Securities | 964,347 | 0.7 | |||||||||||||||||
2,064,388 | 1.5 | ||||||||||||||||||
Denmark: 1.3% | |||||||||||||||||||
8,046 | Novo-Nordisk A/S | 844,845 | 0.6 | ||||||||||||||||
Other Securities | 986,318 | 0.7 | |||||||||||||||||
1,831,163 | 1.3 | ||||||||||||||||||
Finland: 2.8% | |||||||||||||||||||
Other Securities | 3,881,102 | 2.8 | |||||||||||||||||
France: 6.6% | |||||||||||||||||||
13,757 | BNP Paribas | 1,006,268 | 0.7 | ||||||||||||||||
14,038 | Sanofi-Aventis | 983,530 | 0.7 | ||||||||||||||||
6,820 | Schneider Electric S.A. | 968,998 | 0.7 | ||||||||||||||||
27,547 | Total S.A. | 1,499,499 | 1.1 | ||||||||||||||||
34,541 | Vivendi | 987,015 | 0.7 | ||||||||||||||||
Other Securities | 3,691,038 | 2.7 | |||||||||||||||||
9,136,348 | 6.6 | ||||||||||||||||||
Germany: 7.6% | |||||||||||||||||||
6,739 | Allianz AG | 843,910 | 0.6 | ||||||||||||||||
15,726 | BASF AG | 1,143,466 | 0.8 | ||||||||||||||||
13,688 | Deutsche Bank AG | 788,510 | 0.6 | ||||||||||||||||
36,742 | E.ON AG | 1,150,041 | 0.9 | ||||||||||||||||
9,864 | RWE AG | 706,855 | 0.5 | ||||||||||||||||
15,672 | SAP AG | 816,498 | 0.6 | ||||||||||||||||
13,581 | Siemens AG | 1,549,802 | 1.1 | ||||||||||||||||
Other Securities | 3,457,575 | 2.5 | |||||||||||||||||
10,456,657 | 7.6 | ||||||||||||||||||
Greece: 0.4% | |||||||||||||||||||
Other Securities | 552,898 | 0.4 | |||||||||||||||||
Hong Kong: 2.8% | |||||||||||||||||||
Other Securities | 3,805,278 | 2.8 | |||||||||||||||||
Israel: 0.8% | |||||||||||||||||||
Other Securities | 1,119,418 | 0.8 | |||||||||||||||||
Italy: 3.2% | |||||||||||||||||||
175,486 | Enel S.p.A. | 1,002,399 | 0.7 | ||||||||||||||||
585,061 | Telecom Italia S.p.A. RNC | 806,847 | 0.6 | ||||||||||||||||
Other Securities | 2,646,452 | 1.9 | |||||||||||||||||
4,455,698 | 3.2 | ||||||||||||||||||
Japan: 19.6% | |||||||||||||||||||
19,800 | Canon, Inc. | 911,459 | 0.7 | ||||||||||||||||
12,900 | East Japan Railway Co. | 796,621 | 0.6 | ||||||||||||||||
38,900 | Mitsubishi Corp. | 934,366 | 0.7 | ||||||||||||||||
183,397 | Mitsubishi UFJ Financial Group, Inc. | 851,146 | 0.6 | ||||||||||||||||
55,092 | Mitsui & Co., Ltd. | 866,454 | 0.6 | ||||||||||||||||
18,051 | Takeda Pharmaceutical Co., Ltd. | 846,163 | 0.6 | ||||||||||||||||
35,200 | Tokyo Electric Power Co., Inc. | 840,511 | 0.6 | ||||||||||||||||
32,690 | Toyota Motor Corp. | 1,157,889 | 0.8 | ||||||||||||||||
Other Securities | 19,887,116 | 14.4 | |||||||||||||||||
27,091,725 | 19.6 | ||||||||||||||||||
Kazakhstan: 0.3% | |||||||||||||||||||
Other Securities | 389,295 | 0.3 | |||||||||||||||||
Netherlands: 5.0% | |||||||||||||||||||
29,180 | Koninklijke Philips Electronics NV | 890,063 | 0.6 | ||||||||||||||||
27,859 | Royal Dutch Shell PLC — Class A | 904,120 | 1.4 | ||||||||||||||||
33,131 | Royal Dutch Shell PLC — Class B | 1,060,252 | |||||||||||||||||
525 | Royal Dutch Shell PLC | 17,030 | |||||||||||||||||
37,844 | Unilever NV | 1,123,862 | 0.8 | ||||||||||||||||
Other Securities | 2,975,392 | 2.2 | |||||||||||||||||
6,970,719 | 5.0 | ||||||||||||||||||
New Zealand: 0.2% | |||||||||||||||||||
Other Securities | 309,208 | 0.2 | |||||||||||||||||
Norway: 0.1% | |||||||||||||||||||
Other Securities | 155,155 | 0.1 | |||||||||||||||||
Portugal: 0.4% | |||||||||||||||||||
Other Securities | 546,081 | 0.4 | |||||||||||||||||
Singapore: 1.3% | |||||||||||||||||||
Other Securities | 1,760,309 | 1.3 | |||||||||||||||||
EQUITY FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Spain: 3.7% | |||||||||||||||||||
112,327 | Banco Santander Central Hispano S.A. | $ | 1,441,785 | 1.1 | |||||||||||||||
29,170 | Repsol YPF S.A. | 808,900 | 0.6 | ||||||||||||||||
41,982 | Telefonica S.A. | 1,134,465 | 0.8 | ||||||||||||||||
Other Securities | 1,653,316 | 1.2 | |||||||||||||||||
5,038,466 | 3.7 | ||||||||||||||||||
Sweden: 4.5% | |||||||||||||||||||
41,879 | Atlas Copco AB — Class B | 814,622 | 0.6 | ||||||||||||||||
Other Securities | 5,413,547 | 3.9 | |||||||||||||||||
6,228,169 | 4.5 | ||||||||||||||||||
Switzerland: 6.1% | |||||||||||||||||||
15,947 | Compagnie Financiere Richemont S.A. | 795,408 | 0.6 | ||||||||||||||||
33,672 | Nestle S.A. | 1,844,367 | 1.3 | ||||||||||||||||
31,241 | Novartis AG | 1,810,189 | 1.3 | ||||||||||||||||
8,823 | Roche Holding AG — Genusschein | 1,295,694 | 1.0 | ||||||||||||||||
49,766 | @ | UBS AG — Reg | 845,402 | 0.6 | |||||||||||||||
Other Securities | 1,809,257 | 1.3 | |||||||||||||||||
8,400,317 | 6.1 | ||||||||||||||||||
United Kingdom: 19.0% | |||||||||||||||||||
17,325 | AstraZeneca PLC | 871,485 | 0.6 | ||||||||||||||||
43,256 | BHP Billiton PLC | 1,532,352 | 1.1 | ||||||||||||||||
277,842 | BP PLC | 1,888,550 | 1.4 | ||||||||||||||||
38,845 | British American Tobacco PLC | 1,479,858 | 1.1 | ||||||||||||||||
60,470 | Diageo PLC | 1,115,532 | 0.8 | ||||||||||||||||
51,938 | GlaxoSmithKline PLC | 1,014,226 | 0.7 | ||||||||||||||||
207,589 | HSBC Holdings PLC | 2,160,524 | 1.6 | ||||||||||||||||
99,631 | National Grid PLC | 942,161 | 0.7 | ||||||||||||||||
16,482 | Rio Tinto PLC | 1,070,516 | 0.8 | ||||||||||||||||
30,240 | Standard Chartered PLC | 874,692 | 0.6 | ||||||||||||||||
572,569 | Vodafone Group PLC | 1,565,185 | 1.1 | ||||||||||||||||
Other Securities | 11,800,884 | 8.5 | |||||||||||||||||
26,315,965 | 19.0 | ||||||||||||||||||
Total Common Stock (Cost $114,698,421) | 131,363,788 | 95.0 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 1.8% | |||||||||||||||||||
Australia: 0.6% | |||||||||||||||||||
Other Securities | 862,824 | 0.6 | |||||||||||||||||
France: 0.1% | |||||||||||||||||||
Other Securities | 131,239 | 0.1 | |||||||||||||||||
Hong Kong: 0.2% | |||||||||||||||||||
Other Securities | 206,792 | 0.2 | |||||||||||||||||
Japan: 0.5% | |||||||||||||||||||
Other Securities | 700,343 | 0.5 | |||||||||||||||||
Singapore: 0.2% | |||||||||||||||||||
Other Securities | 301,182 | 0.2 | |||||||||||||||||
United Kingdom: 0.2% | |||||||||||||||||||
Other Securities | 343,018 | 0.2 | |||||||||||||||||
Total Real Estate Investment Trusts (Cost $2,152,846) | 2,545,398 | 1.8 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 1.4% | |||||||||||||||||||
Developed Markets: 1.4% | |||||||||||||||||||
35,000 | iShares MSCI EAFE Index Fund | 1,995,350 | 1.4 | ||||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $1,775,314) | 1,995,350 | 1.4 | |||||||||||||||||
PREFERRED STOCK: 0.7% | |||||||||||||||||||
Germany: 0.7% | |||||||||||||||||||
3,560 | RWE AG | 241,056 | 0.2 | ||||||||||||||||
Other Securities | 660,630 | 0.5 | |||||||||||||||||
Total Preferred Stock (Cost $767,494) | 901,686 | 0.7 | |||||||||||||||||
RIGHTS: 0.0% | |||||||||||||||||||
United Kingdom: 0.0% | |||||||||||||||||||
3,780 | Standard Chartered PLC | 31,829 | 0.0 | ||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 31,829 | 0.0 | |||||||||||||||||
Total Long-Term Investments (Cost $119,394,075) | 136,838,051 | 98.9 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.1% | |||||||||||||||||||
Affiliated Mutual Fund: 0.1% | |||||||||||||||||||
124,000 | ING Institutional Prime Money Market Fund — Class I | 124,000 | 0.1 | ||||||||||||||||
Total Short-Term Investments (Cost $124,000) | 124,000 | 0.1 | |||||||||||||||||
Total Investments in Securities (Cost $119,518,075)* | $ | 136,962,051 | 99.0 | ||||||||||||||||
Other Assets and Liabilities — Net | 1,388,684 | 1.0 | |||||||||||||||||
Net Assets | $ | 138,350,735 | 100.0 |
EQUITY FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
@ | Non-income producing security |
* | Cost for federal income tax purposes is $124,695,213. |
Net unrealized appreciation consists of: | |||||||
Gross Unrealized Appreciation | $ | 18,572,178 | |||||
Gross Unrealized Depreciation | (6,305,340 | ) | |||||
Net Unrealized Appreciation | $ | 12,266,838 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 10.1 | % | ||||
Consumer Staples | 10.0 | |||||
Energy | 7.3 | |||||
Financials | 23.9 | |||||
Health Care | 8.4 | |||||
Industrials | 11.8 | |||||
Information Technology | 4.6 | |||||
Materials | 10.4 | |||||
Telecommunication Services | 5.8 | |||||
Utilities | 5.2 | |||||
Other Long-Term Investments | 1.4 | |||||
Short-Term Investments | 0.1 | |||||
Other Assets and Liabilities — Net | 1.0 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 10,255,357 | $ | — | $ | 10,255,357 | ||||||||||
Austria | — | 600,072 | — | 600,072 | ||||||||||||||
Belgium | 93 | 2,064,295 | — | 2,064,388 | ||||||||||||||
Denmark | — | 1,831,163 | — | 1,831,163 | ||||||||||||||
Finland | — | 3,881,102 | — | 3,881,102 | ||||||||||||||
France | — | 9,136,348 | — | 9,136,348 | ||||||||||||||
Germany | — | 10,456,657 | — | 10,456,657 | ||||||||||||||
Greece | — | 552,898 | — | 552,898 | ||||||||||||||
Hong Kong | — | 3,805,278 | — | 3,805,278 | ||||||||||||||
Israel | — | 1,119,418 | — | 1,119,418 | ||||||||||||||
Italy | — | 4,455,698 | — | 4,455,698 | ||||||||||||||
Japan | — | 27,091,725 | — | 27,091,725 | ||||||||||||||
Kazakhstan | — | 389,295 | — | 389,295 | ||||||||||||||
Netherlands | — | 6,970,719 | — | 6,970,719 | ||||||||||||||
New Zealand | — | 309,208 | — | 309,208 | ||||||||||||||
Norway | — | 155,155 | — | 155,155 | ||||||||||||||
Portugal | — | 546,081 | — | 546,081 | ||||||||||||||
Singapore | — | 1,760,309 | — | 1,760,309 | ||||||||||||||
Spain | — | 5,038,466 | — | 5,038,466 | ||||||||||||||
Sweden | — | 6,228,169 | — | 6,228,169 | ||||||||||||||
Switzerland | — | 8,400,317 | — | 8,400,317 | ||||||||||||||
United Kingdom | 72,800 | 26,243,165 | — | 26,315,965 | ||||||||||||||
Total Common Stock | 72,893 | 131,290,895 | — | 131,363,788 | ||||||||||||||
Real Estate Investment Trusts | — | 2,545,398 | — | 2,545,398 | ||||||||||||||
Exchange-Traded Funds | 1,995,350 | — | — | 1,995,350 | ||||||||||||||
Preferred Stock | 660,630 | 241,056 | — | 901,686 | ||||||||||||||
Rights | 31,829 | — | — | 31,829 | ||||||||||||||
Short-Term Investments | 124,000 | — | — | 124,000 | ||||||||||||||
Total Investments, at value | $ | 2,884,702 | $ | 134,077,349 | $ | — | $ | 136,962,051 |
EQUITY FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liabilities Table | ||||||||||||||||||
Other Financial Instruments+: | ||||||||||||||||||
Futures | $ | (1,000 | ) | $ | — | $ | — | $ | (1,000 | ) | ||||||||
Total Liabilities | $ | (1,000 | ) | $ | — | $ | — | $ | (1,000 | ) |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
Contract Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Depreciation | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Contracts | ||||||||||||||||||
E-Mini MSCI EAFE Index | 13 | 12/17/10 | $ | 1,049,880 | $ | (1,000 | ) | |||||||||||
$ | 1,049,880 | $ | (1,000 | ) |
APPRECIATION FUND
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 99.1% | |||||||||||||||||||
Australia: 6.2% | |||||||||||||||||||
48,531 | BHP Billiton Ltd. | $ | 2,005,357 | 1.9 | |||||||||||||||
34,559 | CSL Ltd. | 1,114,493 | 1.1 | ||||||||||||||||
37,830 | Macquarie Group Ltd. | 1,345,051 | 1.3 | ||||||||||||||||
24,018 | Rio Tinto Ltd. | 1,954,637 | 1.9 | ||||||||||||||||
6,419,538 | 6.2 | ||||||||||||||||||
Belgium: 1.7% | |||||||||||||||||||
27,426 | Anheuser-Busch InBev NV | 1,722,461 | 1.7 | ||||||||||||||||
Brazil: 6.6% | |||||||||||||||||||
87,788 | L | Cia Energetica de Minas Gerais ADR | 1,566,138 | 1.5 | |||||||||||||||
70,910 | Itau Unibanco Holding SA ADR | 1,741,550 | 1.7 | ||||||||||||||||
38,766 | Petroleo Brasileiro SA ADR | 1,322,696 | 1.3 | ||||||||||||||||
67,060 | Vale S.A. ADR | 2,155,308 | 2.1 | ||||||||||||||||
6,785,692 | 6.6 | ||||||||||||||||||
Canada: 6.3% | |||||||||||||||||||
26,145 | Bank of Nova Scotia | 1,399,019 | 1.4 | ||||||||||||||||
69,955 | Cameco Corp. | 2,165,809 | 2.1 | ||||||||||||||||
101,880 | Manulife Financial Corp. | 1,293,876 | 1.2 | ||||||||||||||||
50,759 | Suncor Energy, Inc. | 1,624,796 | 1.6 | ||||||||||||||||
6,483,500 | 6.3 | ||||||||||||||||||
Chile: 1.4% | |||||||||||||||||||
27,563 | Sociedad Quimica y Minera de Chile SA ADR | 1,427,763 | 1.4 | ||||||||||||||||
China: 8.4% | |||||||||||||||||||
1,384,000 | China Communications Construction Co., Ltd. | 1,327,217 | 1.3 | ||||||||||||||||
415,500 | China Merchants Bank Co., Ltd. | 1,183,949 | 1.1 | ||||||||||||||||
1,504,000 | Industrial and Commercial Bank of China Ltd. | 1,215,072 | 1.2 | ||||||||||||||||
16,244 | @ | New Oriental Education & Technology Group ADR | 1,744,118 | 1.7 | |||||||||||||||
1,098,000 | PetroChina Co., Ltd. | 1,351,566 | 1.3 | ||||||||||||||||
82,700 | Tencent Holdings Ltd. | 1,901,056 | 1.8 | ||||||||||||||||
8,722,978 | 8.4 | ||||||||||||||||||
Denmark: 2.2% | |||||||||||||||||||
12,761 | Novo-Nordisk A/S | 1,339,929 | 1.3 | ||||||||||||||||
Other Securities | 946,011 | 0.9 | |||||||||||||||||
2,285,940 | 2.2 | ||||||||||||||||||
France: 6.8% | |||||||||||||||||||
68,945 | AXA S.A. | 1,257,351 | 1.2 | ||||||||||||||||
22,812 | BNP Paribas | 1,668,605 | 1.6 | ||||||||||||||||
25,779 | Electricite de France SA | 1,182,661 | 1.1 | ||||||||||||||||
15,776 | Iliad S.A. | 1,777,190 | 1.7 | ||||||||||||||||
21,969 | Total SA ADR | 1,196,871 | 1.2 | ||||||||||||||||
7,082,678 | 6.8 | ||||||||||||||||||
Germany: 7.3% | |||||||||||||||||||
24,056 | Adidas AG | 1,566,820 | 1.5 | ||||||||||||||||
44,071 | L | Aixtron AG | 1,435,099 | 1.4 | |||||||||||||||
21,260 | Bayerische Motoren Werke AG | 1,523,756 | 1.5 | ||||||||||||||||
16,730 | Deutsche Boerse AG | 1,176,935 | 1.1 | ||||||||||||||||
9,036 | Wacker Chemie AG | 1,863,442 | 1.8 | ||||||||||||||||
7,566,052 | 7.3 | ||||||||||||||||||
Hong Kong: 5.6% | |||||||||||||||||||
1,394,000 | L | Agile Property Holdings Ltd. | 1,838,719 | 1.8 | |||||||||||||||
678,000 | China Resources Land Ltd. | 1,339,949 | 1.3 | ||||||||||||||||
238,315 | Esprit Holdings Ltd. | 1,286,235 | 1.2 | ||||||||||||||||
252,425 | Li & Fung Ltd. | 1,336,546 | 1.3 | ||||||||||||||||
5,801,449 | 5.6 | ||||||||||||||||||
India: 1.5% | |||||||||||||||||||
9,013 | HDFC Bank Ltd. ADR | 1,558,888 | 1.5 | ||||||||||||||||
Israel: 1.2% | |||||||||||||||||||
23,918 | Teva Pharmaceutical Industries Ltd. ADR | 1,241,344 | 1.2 | ||||||||||||||||
Italy: 1.4% | |||||||||||||||||||
33,779 | Saipem S.p.A. | 1,500,753 | 1.4 | ||||||||||||||||
Japan: 10.6% | |||||||||||||||||||
29,600 | Canon, Inc. | 1,362,585 | 1.3 | ||||||||||||||||
14,900 | Fanuc Ltd. | 2,157,068 | 2.1 | ||||||||||||||||
9,800 | SMC Corp. | 1,496,056 | 1.4 | ||||||||||||||||
473 | Sony Financial Holdings, Inc. | 1,644,917 | 1.6 | ||||||||||||||||
38,700 | Toyota Motor Corp. | 1,370,764 | 1.3 | ||||||||||||||||
Other Securities | 2,976,785 | 2.9 | |||||||||||||||||
11,008,175 | 10.6 | ||||||||||||||||||
Luxembourg: 1.9% | |||||||||||||||||||
21,036 | Millicom International Cellular S.A. | 1,990,006 | 1.9 | ||||||||||||||||
Mexico: 1.4% | |||||||||||||||||||
51,263 | L | Wal-Mart de Mexico SA de CV ADR | 1,405,119 | 1.4 | |||||||||||||||
Russia: 1.1% | |||||||||||||||||||
52,359 | OAO Gazprom ADR | 1,144,044 | 1.1 | ||||||||||||||||
South Korea: 1.5% | |||||||||||||||||||
4,776 | @ | Samsung Electronics Co., Ltd. GDR | 1,581,035 | 1.5 | |||||||||||||||
Spain: 1.1% | |||||||||||||||||||
88,963 | Banco Santander Central Hispano S.A. | 1,141,894 | 1.1 | ||||||||||||||||
APPRECIATION FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Sweden: 1.7% | |||||||||||||||||||
84,623 | Atlas Copco AB — Class A | $ | 1,768,471 | 1.7 | |||||||||||||||
Switzerland: 8.3% | |||||||||||||||||||
53,853 | @ | ABB Ltd. | 1,115,496 | 1.1 | |||||||||||||||
21,746 | Compagnie Financiere Richemont S.A. | 1,084,652 | 1.0 | ||||||||||||||||
83,010 | @, L | Logitech International S.A. | 1,559,758 | 1.5 | |||||||||||||||
24,377 | Nestle S.A. | 1,335,238 | 1.3 | ||||||||||||||||
20,740 | Novartis AG | 1,201,732 | 1.1 | ||||||||||||||||
8,940 | Roche Holding AG — Genusschein | 1,312,876 | 1.3 | ||||||||||||||||
Other Securities | 994,767 | 1.0 | |||||||||||||||||
8,604,519 | 8.3 | ||||||||||||||||||
United Kingdom: 14.9% | |||||||||||||||||||
27,993 | Anglo American PLC | 1,304,283 | 1.3 | ||||||||||||||||
216,509 | ARM Holdings PLC | 1,264,040 | 1.2 | ||||||||||||||||
87,222 | @ | Autonomy Corp. PLC | 2,042,213 | 2.0 | |||||||||||||||
83,988 | BG Group PLC | 1,634,930 | 1.6 | ||||||||||||||||
135,688 | British Sky Broadcasting PLC | 1,536,190 | 1.5 | ||||||||||||||||
24,697 | HSBC Holdings PLC ADR | 1,286,961 | 1.2 | ||||||||||||||||
180,074 | Prudential PLC | 1,821,283 | 1.8 | ||||||||||||||||
49,800 | Standard Chartered PLC | 1,440,465 | 1.4 | ||||||||||||||||
214,871 | Tesco PLC | 1,470,503 | 1.4 | ||||||||||||||||
47,633 | Vedanta Resources PLC | 1,584,015 | 1.5 | ||||||||||||||||
15,384,883 | 14.9 | ||||||||||||||||||
Total Common Stock (Cost $88,586,908) | 102,627,182 | 99.1 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 0.4% | |||||||||||||||||||
Developed Markets: 0.3% | |||||||||||||||||||
Other Securities | 331,969 | 0.3 | |||||||||||||||||
United States: 0.1% | |||||||||||||||||||
Other Securities | 97,875 | 0.1 | |||||||||||||||||
Total Exchange-Traded Funds (Cost $427,503) | 429,844 | 0.4 | |||||||||||||||||
Total Long-Term Investments (Cost $89,014,411) | 103,057,026 | 99.5 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 3.6% | |||||||||||||||||||
Securities Lending Collateralcc: 3.6% | |||||||||||||||||||
3,650,029 | BNY Mellon Overnight Government Fund(1) | $ | 3,650,029 | 3.5 | |||||||||||||||
79,764 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 63,811 | 0.1 | |||||||||||||||
Total Short-Term Investments (Cost $3,729,793) | 3,713,840 | 3.6 | |||||||||||||||||
Total Investments in Securities (Cost $92,744,204)* | $ | 106,770,866 | 103.1 | ||||||||||||||||
Other Assets and Liabilities — Net | (3,260,307 | ) | (3.1 | ) | |||||||||||||||
Net Assets | $ | 103,510,559 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $96,338,629. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 17,580,725 | ||||
Gross Unrealized Depreciation | (7,148,488 | ) | ||||
Net Unrealized Appreciation | $ | 10,432,237 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 12.1 | % | ||||
Consumer Staples | 5.7 | |||||
Energy | 11.5 | |||||
Financials | 24.5 | |||||
Health Care | 6.0 | |||||
Industrials | 9.4 | |||||
Information Technology | 10.8 | |||||
Materials | 12.8 | |||||
Telecommunication Services | 3.6 | |||||
Utilities | 2.7 | |||||
Other Long-Term Investments | 0.4 | |||||
Short-Term Investments | 3.6 | |||||
Other Assets and Liabilities — Net | (3.1 | ) | ||||
Net Assets | 100.0 | % |
APPRECIATION FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | |||||||||||||||||||
Investments, at value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Australia | $ | — | $ | 6,419,538 | $ | — | $ | 6,419,538 | |||||||||||
Belgium | — | 1,722,461 | — | 1,722,461 | |||||||||||||||
Brazil | 5,044,142 | 1,741,550 | — | 6,785,692 | |||||||||||||||
Canada | 6,483,500 | — | — | 6,483,500 | |||||||||||||||
Chile | — | 1,427,763 | — | 1,427,763 | |||||||||||||||
China | 1,744,118 | 6,978,860 | — | 8,722,978 | |||||||||||||||
Denmark | — | 2,285,940 | — | 2,285,940 | |||||||||||||||
France | 1,196,871 | 5,885,807 | — | 7,082,678 | |||||||||||||||
Germany | — | 7,566,052 | — | 7,566,052 | |||||||||||||||
Hong Kong | — | 5,801,449 | — | 5,801,449 | |||||||||||||||
India | 1,558,888 | — | — | 1,558,888 | |||||||||||||||
Israel | 1,241,344 | — | — | 1,241,344 | |||||||||||||||
Italy | — | 1,500,753 | — | 1,500,753 | |||||||||||||||
Japan | — | 11,008,175 | — | 11,008,175 | |||||||||||||||
Luxembourg | 1,990,006 | — | — | 1,990,006 | |||||||||||||||
Mexico | 1,405,119 | — | — | 1,405,119 | |||||||||||||||
Russia | 1,144,044 | — | — | 1,144,044 | |||||||||||||||
South Korea | 1,581,035 | — | — | 1,581,035 | |||||||||||||||
Spain | — | 1,141,894 | — | 1,141,894 | |||||||||||||||
Sweden | — | 1,768,471 | — | 1,768,471 | |||||||||||||||
Switzerland | 1,559,758 | 7,044,761 | — | 8,604,519 | |||||||||||||||
United Kingdom | 1,286,961 | 14,097,922 | — | 15,384,883 | |||||||||||||||
Total Common Stock | 26,235,786 | 76,391,396 | — | 102,627,182 | |||||||||||||||
Exchange-Traded Funds | 429,844 | — | — | 429,844 | |||||||||||||||
Short-Term Investments | 3,650,029 | — | 63,811 | 3,713,840 | |||||||||||||||
Total Investments, at value | $ | 30,315,659 | $ | 76,391,396 | $ | 63,811 | $ | 106,770,866 |
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | |||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | |||||||||||||||||||||||||||||||||||||||
Investments, at value | |||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 63,811 | $ | — | $ | 63,811 | |||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 63,811 | $ | — | $ | 63,811 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
ING INTERNATIONAL REAL ESTATE FUND
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 51.6% | |||||||||||||||||||
Australia: 0.9% | |||||||||||||||||||
771,400 | Lend Lease Corp. Ltd. | $ | 5,445,952 | 0.9 | |||||||||||||||
Canada: 2.4% | |||||||||||||||||||
892,250 | Brookfield Properties Co. | 15,516,228 | 2.4 | ||||||||||||||||
France: 0.3% | |||||||||||||||||||
Other Securities | 2,029,234 | 0.3 | |||||||||||||||||
Hong Kong: 21.6% | |||||||||||||||||||
2,289,965 | Cheung Kong Holdings Ltd. | 34,977,314 | 5.5 | ||||||||||||||||
1,408,700 | Great Eagle Holding Co. | 4,221,229 | 0.7 | ||||||||||||||||
1,195,700 | Hang Lung Group Ltd. | 7,951,153 | 1.2 | ||||||||||||||||
2,075,900 | Hang Lung Properties Ltd. | 10,183,019 | 1.6 | ||||||||||||||||
2,368,300 | Hongkong Land Holdings Ltd. | 16,350,265 | 2.5 | ||||||||||||||||
1,105,600 | Kerry Properties Ltd. | 6,142,070 | 1.0 | ||||||||||||||||
2,909,700 | Sun Hung Kai Properties Ltd. | 50,053,109 | 7.8 | ||||||||||||||||
986,350 | Wharf Holdings Ltd. | 6,494,371 | 1.0 | ||||||||||||||||
Other Securities | 2,107,267 | 0.3 | |||||||||||||||||
138,479,797 | 21.6 | ||||||||||||||||||
India: 0.1% | |||||||||||||||||||
Other Securities | 747,936 | 0.1 | |||||||||||||||||
Japan: 14.5% | |||||||||||||||||||
527,400 | Daiwa House Industry Co., Ltd. | 5,683,462 | 0.9 | ||||||||||||||||
2,765,500 | Mitsubishi Estate Co., Ltd. | 48,447,245 | 7.6 | ||||||||||||||||
872,277 | Mitsui Fudosan Co., Ltd. | 16,494,992 | 2.6 | ||||||||||||||||
864,100 | Sumitomo Realty & Development Co., Ltd. | 18,823,274 | 2.9 | ||||||||||||||||
Other Securities | 3,223,082 | 0.5 | |||||||||||||||||
92,672,055 | 14.5 | ||||||||||||||||||
Norway: 0.5% | |||||||||||||||||||
1,742,010 | @ | Norwegian Property ASA | 3,274,417 | 0.5 | |||||||||||||||
Philippines: 0.3% | |||||||||||||||||||
Other Securities | 1,843,085 | 0.3 | |||||||||||||||||
Singapore: 6.6% | |||||||||||||||||||
8,890,100 | CapitaLand Ltd. | 26,816,836 | 4.2 | ||||||||||||||||
813,900 | City Developments Ltd. | 8,031,170 | 1.3 | ||||||||||||||||
4,042,100 | @ | Global Logistic Properties Ltd. | 7,245,362 | 1.1 | |||||||||||||||
42,093,368 | 6.6 | ||||||||||||||||||
Sweden: 1.2% | |||||||||||||||||||
247,067 | Castellum AB | 3,237,108 | 0.5 | ||||||||||||||||
394,433 | Hufvudstaden AB | 4,410,685 | 0.7 | ||||||||||||||||
7,647,793 | 1.2 | ||||||||||||||||||
Switzerland: 1.1% | |||||||||||||||||||
98,990 | @ | Swiss Prime Site AG | 7,106,012 | 1.1 | |||||||||||||||
United Kingdom: 2.1% | |||||||||||||||||||
4,875,400 | @ | LXB Retail Properties PLC | 7,957,328 | 1.2 | |||||||||||||||
Other Securities | 5,443,311 | 0.9 | |||||||||||||||||
13,400,639 | 2.1 | ||||||||||||||||||
Total Common Stock (Cost $270,985,547) | 330,256,516 | 51.6 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 47.2% | |||||||||||||||||||
Australia: 15.6% | |||||||||||||||||||
3,402,100 | CFS Retail Property Trust | 6,194,269 | 1.0 | ||||||||||||||||
14,028,457 | Dexus Property Group | 11,425,302 | 1.8 | ||||||||||||||||
15,113,822 | Goodman Group | 9,348,620 | 1.4 | ||||||||||||||||
3,770,340 | GPT Group | 10,327,669 | 1.6 | ||||||||||||||||
12,696,700 | ** | ING Office Fund | 7,673,613 | 1.2 | |||||||||||||||
2,601,317 | Mirvac Group | 3,310,013 | 0.5 | ||||||||||||||||
3,577,100 | Stockland | 13,246,651 | 2.1 | ||||||||||||||||
3,010,979 | Westfield Group | 36,620,587 | 5.7 | ||||||||||||||||
Other Securities | 1,920,585 | 0.3 | |||||||||||||||||
100,067,309 | 15.6 | ||||||||||||||||||
Canada: 3.2% | |||||||||||||||||||
174,700 | Cominar Real Estate Investment Trust | 3,715,308 | 0.6 | ||||||||||||||||
572,200 | RioCan Real Estate Investment Trust | 12,931,866 | 2.0 | ||||||||||||||||
Other Securities | 3,848,932 | 0.6 | |||||||||||||||||
20,496,106 | 3.2 | ||||||||||||||||||
France: 9.4% | |||||||||||||||||||
176,526 | Klepierre | 6,871,926 | 1.1 | ||||||||||||||||
153,332 | Mercialys | 6,104,756 | 1.0 | ||||||||||||||||
203,422 | Unibail | 42,443,511 | 6.6 | ||||||||||||||||
Other Securities | 4,456,771 | 0.7 | |||||||||||||||||
59,876,964 | 9.4 | ||||||||||||||||||
Hong Kong: 1.1% | |||||||||||||||||||
2,344,400 | Link Real Estate Investment Trust | 7,235,851 | 1.1 | ||||||||||||||||
Japan: 4.3% | |||||||||||||||||||
486 | Frontier Real Estate Investment Corp. | 3,902,237 | 0.6 | ||||||||||||||||
835 | Japan Real Estate Investment Corp. | 8,038,470 | 1.3 | ||||||||||||||||
1,024 | Kenedix Realty Investment Corp. | 4,073,766 | 0.6 | ||||||||||||||||
484 | United Urban Investment Corp. | 3,322,586 | 0.5 | ||||||||||||||||
Other Securities | 8,048,218 | 1.3 | |||||||||||||||||
27,385,277 | 4.3 | ||||||||||||||||||
AS OF OCTOBER 31, 2010 (CONTINUED)
ING INTERNATIONAL REAL ESTATE FUND
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REAL ESTATE INVESTMENT TRUSTS: (continued) | |||||||||||||||||||
Netherlands: 1.5% | |||||||||||||||||||
61,260 | Corio NV | $ | 4,502,868 | 0.7 | |||||||||||||||
79,440 | Eurocommercial Properties NV | 3,932,316 | 0.6 | ||||||||||||||||
Other Securities | 1,278,336 | 0.2 | |||||||||||||||||
9,713,520 | 1.5 | ||||||||||||||||||
Singapore: 3.7% | |||||||||||||||||||
8,002,900 | CapitaCommercial Trust | 9,251,712 | 1.4 | ||||||||||||||||
7,877,583 | CapitaMall Trust | 12,100,912 | 1.9 | ||||||||||||||||
Other Securities | 2,604,665 | 0.4 | |||||||||||||||||
23,957,289 | 3.7 | ||||||||||||||||||
United Kingdom: 8.4% | |||||||||||||||||||
1,126,432 | British Land Co. PLC | 9,196,665 | 1.4 | ||||||||||||||||
335,860 | Derwent Valley Holdings PLC | 8,183,301 | 1.3 | ||||||||||||||||
668,310 | Great Portland Estates PLC | 3,700,982 | 0.6 | ||||||||||||||||
755,608 | Hammerson PLC | 5,076,620 | 0.8 | ||||||||||||||||
2,017,991 | Land Securities Group PLC | 21,882,646 | 3.4 | ||||||||||||||||
701,224 | Segro PLC | 3,331,547 | 0.5 | ||||||||||||||||
Other Securities | 2,215,710 | 0.4 | |||||||||||||||||
53,587,471 | 8.4 | ||||||||||||||||||
Total Real Estate Investment Trusts (Cost $244,088,545) | 302,319,787 | 47.2 | |||||||||||||||||
Total Investments in Securities (Cost $515,074,092)* | $ | 632,576,303 | 98.8 | ||||||||||||||||
Other Assets and Liabilities — Net | 7,855,389 | 1.2 | |||||||||||||||||
Net Assets | $ | 640,431,692 | 100.0 |
@ | Non-income producing security |
** | Investment in affiliate |
* | Cost for federal income tax purposes is $601,389,650. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 88,232,840 | ||||
Gross Unrealized Depreciation | (57,046,187 | ) | ||||
Net Unrealized Appreciation | $ | 31,186,653 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Affiliated Investment Companies | 1.2 | % | ||||
Consumer Discretionary | 0.3 | |||||
Financials | 97.3 | |||||
Other Assets and Liabilities — Net | 1.2 | |||||
Net Assets | 100.0 | % |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING INTERNATIONAL REAL ESTATE FUND
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 5,445,952 | $ | — | $ | 5,445,952 | ||||||||||
Canada | 15,516,228 | — | — | 15,516,228 | ||||||||||||||
France | — | 2,029,234 | — | 2,029,234 | ||||||||||||||
Hong Kong | — | 138,479,797 | — | 138,479,797 | ||||||||||||||
India | — | 747,936 | — | 747,936 | ||||||||||||||
Japan | — | 92,672,055 | — | 92,672,055 | ||||||||||||||
Norway | — | 3,274,417 | — | 3,274,417 | ||||||||||||||
Philippines | — | 1,843,085 | — | 1,843,085 | ||||||||||||||
Singapore | 7,245,362 | 34,848,006 | — | 42,093,368 | ||||||||||||||
Sweden | — | 7,647,793 | — | 7,647,793 | ||||||||||||||
Switzerland | — | 7,106,012 | — | 7,106,012 | ||||||||||||||
United Kingdom | 437,419 | 12,963,220 | — | 13,400,639 | ||||||||||||||
Total Common Stock | 23,199,009 | 307,057,507 | — | 330,256,516 | ||||||||||||||
Real Estate Investment Trusts | 20,496,106 | 281,823,681 | — | 302,319,787 | ||||||||||||||
Total Investments, at value | $ | 43,695,115 | $ | 588,881,188 | $ | — | $ | 632,576,303 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
MULTI-MANAGER FUND
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 96.4% | |||||||||||||||||||
Australia: 5.6% | |||||||||||||||||||
357,607 | Amcor Ltd. | $ | 2,356,469 | 0.5 | |||||||||||||||
180,546 | Caltex Australia Ltd. | 2,056,733 | 0.5 | ||||||||||||||||
258,830 | Computershare Ltd. | 2,569,995 | 0.6 | ||||||||||||||||
375,288 | @ | Iluka Resources Ltd. | 2,483,921 | 0.6 | |||||||||||||||
1,237,551 | John Fairfax Holdings Ltd. | 1,758,182 | 0.4 | ||||||||||||||||
110,841 | Sims Group Ltd. | 1,780,208 | 0.4 | ||||||||||||||||
Other Securities | 11,369,799 | 2.6 | |||||||||||||||||
24,375,307 | 5.6 | ||||||||||||||||||
Austria: 1.4% | |||||||||||||||||||
18,709 | Mayr Melnhof Karton AG | 2,023,242 | 0.4 | ||||||||||||||||
Other Securities | 4,242,303 | 1.0 | |||||||||||||||||
6,265,545 | 1.4 | ||||||||||||||||||
Belgium: 1.8% | |||||||||||||||||||
Other Securities | 7,675,130 | 1.8 | |||||||||||||||||
Bermuda: 0.4% | |||||||||||||||||||
Other Securities | 1,829,022 | 0.4 | |||||||||||||||||
Brazil: 0.5% | |||||||||||||||||||
Other Securities | 2,013,105 | 0.5 | |||||||||||||||||
Canada: 4.3% | |||||||||||||||||||
83,500 | Alimentation Couche-Tard, Inc. | 1,982,910 | 0.5 | ||||||||||||||||
173,166 | @ | CGI Group, Inc. — Class A | 2,663,962 | 0.6 | |||||||||||||||
54,300 | Dorel Industries, Inc. | 1,830,409 | 0.4 | ||||||||||||||||
Other Securities | 12,234,219 | 2.8 | |||||||||||||||||
18,711,500 | 4.3 | ||||||||||||||||||
China: 1.5% | |||||||||||||||||||
Other Securities | 6,616,154 | 1.5 | |||||||||||||||||
Denmark: 0.8% | |||||||||||||||||||
Other Securities | 3,646,048 | 0.8 | |||||||||||||||||
Finland: 0.2% | |||||||||||||||||||
Other Securities | 1,079,539 | 0.2 | |||||||||||||||||
France: 5.4% | |||||||||||||||||||
55,000 | Bourbon S.A. | 2,506,536 | 0.6 | ||||||||||||||||
180,000 | Groupe Eurotunnel S.A. | 1,790,706 | 0.4 | ||||||||||||||||
57,660 | @ | Peugeot S.A. | 2,306,461 | 0.5 | |||||||||||||||
67,638 | Rallye SA | 2,645,804 | 0.6 | ||||||||||||||||
26,141 | Rubis | 2,898,369 | 0.7 | ||||||||||||||||
46,124 | @ | Valeo S.A. | 2,493,206 | 0.6 | |||||||||||||||
Other Securities | 8,822,311 | 2.0 | |||||||||||||||||
23,463,393 | 5.4 | ||||||||||||||||||
Germany: 8.0% | |||||||||||||||||||
40,180 | Aurubis AG | 2,064,861 | 0.5 | ||||||||||||||||
56,682 | Bechtle AG | 2,130,246 | 0.5 | ||||||||||||||||
195,000 | Freenet AG | 2,472,520 | 0.6 | ||||||||||||||||
37,414 | MTU Aero Engines Holding AG | 2,257,706 | 0.5 | ||||||||||||||||
43,000 | Rheinmetall AG | 3,094,513 | 0.7 | ||||||||||||||||
Other Securities | 22,815,350 | 5.2 | |||||||||||||||||
34,835,196 | 8.0 | ||||||||||||||||||
Greece: 0.0% | |||||||||||||||||||
Other Securities | 115,517 | 0.0 | |||||||||||||||||
Hong Kong: 4.0% | |||||||||||||||||||
4,100,000 | Johnson Electric Holdings Ltd. | 2,160,163 | 0.5 | ||||||||||||||||
Other Securities | 15,176,104 | 3.5 | |||||||||||||||||
17,336,267 | 4.0 | ||||||||||||||||||
India: 2.2% | |||||||||||||||||||
141,653 | Canara Bank | 2,304,793 | 0.5 | ||||||||||||||||
787,114 | Dena Bank | 2,427,745 | 0.6 | ||||||||||||||||
Other Securities | 4,884,360 | 1.1 | |||||||||||||||||
9,616,898 | 2.2 | ||||||||||||||||||
Indonesia: 0.4% | |||||||||||||||||||
Other Securities | 1,640,226 | 0.4 | |||||||||||||||||
Ireland: 1.4% | |||||||||||||||||||
86,000 | DCC PLC | 2,487,337 | 0.6 | ||||||||||||||||
Other Securities | 3,751,016 | 0.8 | |||||||||||||||||
6,238,353 | 1.4 | ||||||||||||||||||
Israel: 0.2% | |||||||||||||||||||
Other Securities | 919,004 | 0.2 | |||||||||||||||||
Italy: 3.1% | |||||||||||||||||||
203,333 | Azimut Holding S.p.A. | 2,073,777 | 0.5 | ||||||||||||||||
Other Securities | 11,475,184 | 2.6 | |||||||||||||||||
13,548,961 | 3.1 | ||||||||||||||||||
Japan: 17.1% | |||||||||||||||||||
Other Securities | 74,351,739 | 17.1 | |||||||||||||||||
Luxembourg: 0.6% | |||||||||||||||||||
583,000 | @ | L’OCCITANE International | 1,719,354 | 0.4 | |||||||||||||||
Other Securities | 692,431 | 0.2 | |||||||||||||||||
2,411,785 | 0.6 | ||||||||||||||||||
Malaysia: 0.4% | |||||||||||||||||||
Other Securities | 1,598,220 | 0.4 | |||||||||||||||||
Mexico: 0.0% | |||||||||||||||||||
Other Securities | 43,620 | 0.0 | |||||||||||||||||
MULTI-MANAGER FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Netherlands: 3.5% | |||||||||||||||||||
115,000 | Delta Lloyd NV | $ | 2,377,692 | 0.5 | |||||||||||||||
41,000 | Fugro NV | 2,902,592 | 0.7 | ||||||||||||||||
73,000 | Imtech NV | 2,452,458 | 0.6 | ||||||||||||||||
81,811 | Ten Cate NV | 2,700,910 | 0.6 | ||||||||||||||||
Other Securities | 4,847,395 | 1.1 | |||||||||||||||||
15,281,047 | 3.5 | ||||||||||||||||||
New Zealand: 0.5% | |||||||||||||||||||
357,507 | Fletcher Building Ltd. | 2,239,979 | 0.5 | ||||||||||||||||
Norway: 1.0% | |||||||||||||||||||
Other Securities | 4,501,003 | 1.0 | |||||||||||||||||
Pakistan: 0.1% | |||||||||||||||||||
Other Securities | 254,133 | 0.1 | |||||||||||||||||
Poland: 0.0% | |||||||||||||||||||
Other Securities | 59,305 | 0.0 | |||||||||||||||||
Portugal: 0.1% | |||||||||||||||||||
Other Securities | 240,257 | 0.1 | |||||||||||||||||
Singapore: 3.4% | |||||||||||||||||||
2,261,000 | @ | Biosensors International Group Ltd. | 1,961,931 | 0.5 | |||||||||||||||
76,203 | China Yuchai International Ltd. | 1,952,321 | 0.5 | ||||||||||||||||
548,000 | SIA Engineering Co., Ltd. | 1,838,694 | 0.4 | ||||||||||||||||
Other Securities | 8,901,201 | 2.0 | |||||||||||||||||
14,654,147 | 3.4 | ||||||||||||||||||
South Korea: 2.3% | |||||||||||||||||||
13,327 | Glovis Co., Ltd. | 1,889,639 | 0.4 | ||||||||||||||||
14,425 | Samsung SDI Co., Ltd. | 1,981,393 | 0.5 | ||||||||||||||||
41,577 | SeAH Steel Corp. | 1,860,592 | 0.4 | ||||||||||||||||
Other Securities | 4,266,297 | 1.0 | |||||||||||||||||
9,997,921 | 2.3 | ||||||||||||||||||
Spain: 0.6% | |||||||||||||||||||
Other Securities | 2,576,689 | 0.6 | |||||||||||||||||
Sweden: 1.7% | |||||||||||||||||||
220,000 | @ | Byggmax Group AB | 1,770,302 | 0.4 | |||||||||||||||
115,050 | NCC AB | 2,454,857 | 0.6 | ||||||||||||||||
Other Securities | 3,210,338 | 0.7 | |||||||||||||||||
7,435,497 | 1.7 | ||||||||||||||||||
Switzerland: 5.9% | |||||||||||||||||||
148,719 | @, L | Clariant AG | 2,515,157 | 0.6 | |||||||||||||||
4,478 | Forbo Holding AG | 2,411,886 | 0.5 | ||||||||||||||||
115,608 | @ | GAM Holding AG | 1,826,482 | 0.4 | |||||||||||||||
63,000 | @ | Gategroup Holding AG | 2,919,444 | 0.7 | |||||||||||||||
12,218 | Valora Holding AG | 3,227,061 | 0.7 | ||||||||||||||||
Other Securities | 12,874,822 | 3.0 | |||||||||||||||||
25,774,852 | 5.9 | ||||||||||||||||||
Taiwan: 1.0% | |||||||||||||||||||
Other Securities | 4,248,675 | 1.0 | |||||||||||||||||
Thailand: 0.5% | |||||||||||||||||||
3,302,900 | Krung Thai Bank PCL | 1,862,384 | 0.4 | ||||||||||||||||
Other Securities | 321,515 | 0.1 | |||||||||||||||||
2,183,899 | 0.5 | ||||||||||||||||||
United Arab Emirates: 0.5% | |||||||||||||||||||
Other Securities | 2,072,430 | 0.5 | |||||||||||||||||
United Kingdom: 15.7% | |||||||||||||||||||
144,465 | Atkins WS PLC | 1,744,308 | 0.4 | ||||||||||||||||
657,302 | Home Retail Group | 2,304,993 | 0.5 | ||||||||||||||||
65,667 | Next PLC | 2,404,360 | 0.6 | ||||||||||||||||
Other Securities | 62,008,627 | 14.2 | |||||||||||||||||
68,462,288 | 15.7 | ||||||||||||||||||
United States: 0.3% | |||||||||||||||||||
Other Securities | 1,326,933 | 0.3 | |||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $355,658,026) | 419,639,584 | 96.4 | |||||||||||||||||
REAL ESTATE INVESTMENT TRUSTS: 0.8% | |||||||||||||||||||
Australia: 0.3% | |||||||||||||||||||
Other Securities | 1,087,033 | 0.3 | |||||||||||||||||
Canada: 0.1% | |||||||||||||||||||
Other Securities | 229,758 | 0.1 | |||||||||||||||||
China: 0.0% | |||||||||||||||||||
Other Securities | 46,547 | 0.0 | |||||||||||||||||
Greece: 0.1% | |||||||||||||||||||
Other Securities | 584,477 | 0.1 | |||||||||||||||||
Japan: 0.1% | |||||||||||||||||||
Other Securities | 166,524 | 0.1 | |||||||||||||||||
Singapore: 0.0% | |||||||||||||||||||
Other Securities | 160,768 | 0.0 | |||||||||||||||||
United Kingdom: 0.2% | |||||||||||||||||||
Other Securities | 974,609 | 0.2 | |||||||||||||||||
Total Real Estate Investment Trusts | |||||||||||||||||||
(Cost $2,966,828) | 3,249,716 | 0.8 | |||||||||||||||||
PREFERRED STOCK: 0.9% | |||||||||||||||||||
Germany: 0.9% | |||||||||||||||||||
19,767 | Draegerwerk AG | 1,655,859 | 0.4 | ||||||||||||||||
Other Securities | 2,110,168 | 0.5 | |||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $1,709,527) | 3,766,027 | 0.9 | |||||||||||||||||
MULTI-MANAGER FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGHTS: 0.0% | |||||||||||||||||||
Australia: 0.0% | |||||||||||||||||||
Other Securities | $ | 331 | 0.0 | ||||||||||||||||
Belgium: 0.0% | |||||||||||||||||||
Other Securities | 36,897 | 0.0 | |||||||||||||||||
Cayman Islands: 0.0% | |||||||||||||||||||
Other Securities | 22,011 | 0.0 | |||||||||||||||||
Switzerland: 0.0% | |||||||||||||||||||
63,000 | Gategroup Holding AG | — | 0.0 | ||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $17,168) | 59,239 | 0.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $360,351,549) | 426,714,566 | 98.1 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.8% | |||||||||||||||||||
Affiliated Mutual Fund: 0.5% | |||||||||||||||||||
2,287,236 | ING Institutional Prime Money Market Fund —Class I | 2,287,236 | 0.5 | ||||||||||||||||
Total Mutual Fund | |||||||||||||||||||
(Cost $2,287,236) | 2,287,236 | 0.5 | |||||||||||||||||
Securities Lending Collateralcc: 0.3% | |||||||||||||||||||
1,321,762 | BNY Mellon Overnight Government Fund(1) | 1,321,762 | 0.3 | ||||||||||||||||
79,696 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 63,757 | 0.0 | |||||||||||||||
Total Securities Lending Collateral | |||||||||||||||||||
(Cost $1,401,458) | 1,385,519 | 0.3 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $3,688,694) | 3,672,755 | 0.8 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $364,040,243)* | $ | 430,387,321 | 98.9 | ||||||||||||||||
Other Assets and Liabilities — Net | 4,791,407 | 1.1 | |||||||||||||||||
Net Assets | $ | 435,178,728 | 100.0 |
@ | Non-income producing security |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $367,226,244. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 96,202,529 | ||||
Gross Unrealized Depreciation | (33,041,452 | ) | ||||
Net Unrealized Appreciation | $ | 63,161,077 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 19.7 | % | ||||
Consumer Staples | 7.3 | |||||
Energy | 5.3 | |||||
Financials | 11.3 | |||||
Health Care | 3.5 | |||||
Industrials | 26.1 | |||||
Information Technology | 10.2 | |||||
Materials | 12.4 | |||||
Telecommunication Services | 1.0 | |||||
Utilities | 1.3 | |||||
Short-Term Investments | 0.8 | |||||
Other Assets and Liabilities — Net | 1.1 | |||||
Net Assets | 100.0 | % |
MULTI-MANAGER FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | 677,564 | $ | 23,697,743 | $ | — | $ | 24,375,307 | ||||||||||
Austria | 2,775,980 | 3,489,565 | — | 6,265,545 | ||||||||||||||
Belgium | 1,155,299 | 6,519,831 | — | 7,675,130 | ||||||||||||||
Bermuda | 48,598 | 1,780,424 | — | 1,829,022 | ||||||||||||||
Brazil | 2,013,105 | — | — | 2,013,105 | ||||||||||||||
Canada | 18,711,500 | — | — | 18,711,500 | ||||||||||||||
China | 1,099,491 | 5,516,663 | — | 6,616,154 | ||||||||||||||
Denmark | 82,724 | 3,563,324 | — | 3,646,048 | ||||||||||||||
Finland | 188,348 | 891,191 | — | 1,079,539 | ||||||||||||||
France | 3,258,902 | 20,204,491 | — | 23,463,393 | ||||||||||||||
Germany | 11,286,590 | 23,548,606 | — | 34,835,196 | ||||||||||||||
Greece | 115,517 | — | — | 115,517 | ||||||||||||||
Hong Kong | 160,647 | 17,175,620 | — | 17,336,267 | ||||||||||||||
India | — | 9,616,898 | — | 9,616,898 | ||||||||||||||
Indonesia | — | 1,640,226 | — | 1,640,226 | ||||||||||||||
Ireland | 333,272 | 5,905,081 | — | 6,238,353 | ||||||||||||||
Israel | 886,134 | 32,870 | — | 919,004 | ||||||||||||||
Italy | 801,600 | 12,747,361 | — | 13,548,961 | ||||||||||||||
Japan | 112,381 | 74,239,358 | — | 74,351,739 | ||||||||||||||
Luxembourg | — | 2,411,785 | — | 2,411,785 | ||||||||||||||
Malaysia | — | 1,598,220 | — | 1,598,220 | ||||||||||||||
Mexico | 43,620 | — | — | 43,620 | ||||||||||||||
Netherlands | 737,384 | 14,543,663 | — | 15,281,047 | ||||||||||||||
New Zealand | — | 2,239,979 | — | 2,239,979 | ||||||||||||||
Norway | 1,638,712 | 2,862,291 | — | 4,501,003 | ||||||||||||||
Pakistan | 254,133 | — | — | 254,133 | ||||||||||||||
Poland | — | 59,305 | — | 59,305 | ||||||||||||||
Portugal | — | 240,257 | — | 240,257 | ||||||||||||||
Singapore | 1,952,321 | 12,701,826 | — | 14,654,147 | ||||||||||||||
South Korea | 180,149 | 9,817,772 | — | 9,997,921 | ||||||||||||||
Spain | — | 2,576,689 | — | 2,576,689 | ||||||||||||||
Sweden | 1,984,373 | 5,451,124 | — | 7,435,497 | ||||||||||||||
Switzerland | 5,481,129 | 20,293,723 | — | 25,774,852 | ||||||||||||||
Taiwan | — | 4,248,675 | — | 4,248,675 | ||||||||||||||
Thailand | 48,631 | 2,135,268 | — | 2,183,899 | ||||||||||||||
United Arab Emirates | 1,049,545 | 1,022,885 | — | 2,072,430 | ||||||||||||||
United Kingdom | 6,883,706 | 61,578,582 | — | 68,462,288 | ||||||||||||||
United States | 1,326,933 | — | — | 1,326,933 | ||||||||||||||
Total Common Stock | 65,288,288 | 354,351,296 | — | 419,639,584 | ||||||||||||||
Real Estate Investment Trusts | 229,758 | 2,973,411 | 46,547 | 3,249,716 | ||||||||||||||
Preferred Stock | 108,480 | 3,657,547 | — | 3,766,027 | ||||||||||||||
Rights | 36,897 | 22,342 | — | 59,239 | ||||||||||||||
Short-Term Investments | 3,608,998 | — | 63,757 | 3,672,755 | ||||||||||||||
Total Investments, at value | $ | 69,272,421 | $ | 361,004,596 | $ | 110,304 | $ | 430,387,321 |
MULTI-MANAGER FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 744,766 | $ | — | $ | — | $ | — | $ | (68,403 | ) | $ | 68,403 | $ | — | $ | (744,766 | ) | $ | — | ||||||||||||||||||
Real Estate Investment Trusts | — | — | — | — | — | — | 46,547 | — | 46,547 | |||||||||||||||||||||||||||||
Short-Term Investments | — | — | — | — | — | — | 63,757 | — | 63,757 | |||||||||||||||||||||||||||||
Total Investments, at value | $ | 744,766 | $ | — | $ | — | $ | — | $ | (68,403 | ) | $ | 68,403 | $ | 110,304 | $ | (744,766 | ) | $ | 110,304 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
ING INTERNATIONAL VALUE FUND
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 96.8% | |||||||||||||||||||
Australia: 0.5% | |||||||||||||||||||
Other Securities | $ | 6,535,868 | 0.5 | ||||||||||||||||
Bermuda: 0.8% | |||||||||||||||||||
Other Securities | 10,024,629 | 0.8 | |||||||||||||||||
Brazil: 4.1% | |||||||||||||||||||
767,000 | Banco do Brasil S.A. | 14,850,109 | 1.2 | ||||||||||||||||
Other Securities | 35,541,963 | 2.9 | |||||||||||||||||
50,392,072 | 4.1 | ||||||||||||||||||
Canada: 2.9% | |||||||||||||||||||
Other Securities | 35,451,255 | 2.9 | |||||||||||||||||
China: 3.8% | |||||||||||||||||||
17,556,000 | China Railway Group Ltd. | 14,179,230 | 1.1 | ||||||||||||||||
Other Securities | 33,098,383 | 2.7 | |||||||||||||||||
47,277,613 | 3.8 | ||||||||||||||||||
Denmark: 1.5% | |||||||||||||||||||
Other Securities | 18,122,594 | 1.5 | |||||||||||||||||
Finland: 1.1% | |||||||||||||||||||
473,500 | Fortum OYJ | 13,429,465 | 1.1 | ||||||||||||||||
France: 11.8% | |||||||||||||||||||
3,330,020 | @ | Alcatel S.A. | 11,707,123 | 0.9 | |||||||||||||||
554,203 | Carrefour S.A. | 30,006,542 | 2.4 | ||||||||||||||||
147,000 | Compagnie Generale des Etablissements Michelin | 11,745,648 | 1.0 | ||||||||||||||||
856,335 | France Telecom S.A. | 20,546,279 | 1.7 | ||||||||||||||||
374,883 | Sanofi-Aventis | 26,265,054 | 2.1 | ||||||||||||||||
350,504 | Total S.A. | 19,079,410 | 1.5 | ||||||||||||||||
Other Securities | 27,142,449 | 2.2 | |||||||||||||||||
146,492,505 | 11.8 | ||||||||||||||||||
Germany: 5.0% | |||||||||||||||||||
145,000 | Allianz AG | 18,158,030 | 1.5 | ||||||||||||||||
1,488,319 | Deutsche Telekom AG | 21,560,412 | 1.7 | ||||||||||||||||
145,945 | Siemens AG | 16,654,578 | 1.4 | ||||||||||||||||
Other Securities | 5,435,120 | 0.4 | |||||||||||||||||
61,808,140 | 5.0 | ||||||||||||||||||
Hong Kong: 2.4% | |||||||||||||||||||
2,022,000 | HongKong Electric Holdings | 12,854,433 | 1.1 | ||||||||||||||||
5,783,413 | Sino Land Co. | 12,125,212 | 1.0 | ||||||||||||||||
Other Securities | 4,173,316 | 0.3 | |||||||||||||||||
29,152,961 | 2.4 | ||||||||||||||||||
Israel: 1.3% | |||||||||||||||||||
299,500 | Teva Pharmaceutical Industries Ltd. ADR | 15,544,050 | 1.3 | ||||||||||||||||
Italy: 3.5% | |||||||||||||||||||
19,406,016 | Telecom Italia S.p.A. RNC | 23,811,040 | 1.9 | ||||||||||||||||
Other Securities | 19,911,840 | 1.6 | |||||||||||||||||
43,722,880 | 3.5 | ||||||||||||||||||
Japan: 24.4% | |||||||||||||||||||
307,400 | Astellas Pharma, Inc. | 11,435,871 | 0.9 | ||||||||||||||||
268,241 | L | Canon, Inc. ADR | 12,339,086 | 1.0 | |||||||||||||||
575,836 | Daiichi Sankyo Co., Ltd. | 12,202,905 | 1.0 | ||||||||||||||||
396,200 | Fuji Photo Film Co., Ltd. | 13,217,869 | 1.1 | ||||||||||||||||
2,264 | Inpex Holdings, Inc. | 11,790,333 | 0.9 | ||||||||||||||||
513,700 | Mitsubishi Corp. | 12,338,909 | 1.0 | ||||||||||||||||
2,653,100 | Mitsubishi UFJ Financial Group, Inc. | 12,313,048 | 1.0 | ||||||||||||||||
530,500 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 12,709,135 | 1.0 | ||||||||||||||||
486,600 | Nippon Telegraph & Telephone Corp. | 21,945,860 | 1.8 | ||||||||||||||||
529,000 | Omron Corp. | 12,255,029 | 1.0 | ||||||||||||||||
281,100 | Ono Pharmaceutical Co., Ltd. | 11,944,468 | 1.0 | ||||||||||||||||
314,200 | Takeda Pharmaceutical Co., Ltd. | 14,728,523 | 1.2 | ||||||||||||||||
1,044,200 | Tokio Marine Holdings, Inc. | 29,358,570 | 2.4 | ||||||||||||||||
Other Securities | 112,731,150 | 9.1 | |||||||||||||||||
301,310,756 | 24.4 | ||||||||||||||||||
Luxembourg: 0.6% | |||||||||||||||||||
Other Securities | 7,345,394 | 0.6 | |||||||||||||||||
Malaysia: 2.0% | |||||||||||||||||||
3,956,100 | Malayan Banking BHD | 11,463,686 | 0.9 | ||||||||||||||||
4,798,100 | Tenaga Nasional BHD | 13,593,999 | 1.1 | ||||||||||||||||
25,057,685 | 2.0 | ||||||||||||||||||
Mexico: 0.8% | |||||||||||||||||||
Other Securities | 10,278,178 | 0.8 | |||||||||||||||||
Netherlands: 7.3% | |||||||||||||||||||
2,449,547 | @ | Aegon NV | 15,524,746 | 1.3 | |||||||||||||||
433,500 | @ | European Aeronautic Defence and Space Co. NV | 11,403,880 | 0.9 | |||||||||||||||
931,312 | Koninklijke Ahold NV | 12,872,543 | 1.0 | ||||||||||||||||
638,056 | Royal Dutch Shell PLC — Class A | 20,707,100 | 1.7 | ||||||||||||||||
369,800 | Unilever NV | 10,982,037 | 0.9 | ||||||||||||||||
Other Securities | 18,221,264 | 1.5 | |||||||||||||||||
89,711,570 | 7.3 | ||||||||||||||||||
New Zealand: 0.4% | |||||||||||||||||||
Other Securities | 4,683,768 | 0.4 | |||||||||||||||||
Portugal: 0.8% | |||||||||||||||||||
Other Securities | 9,723,206 | 0.8 | |||||||||||||||||
Russia: 1.1% | |||||||||||||||||||
Other Securities | 13,881,392 | 1.1 | |||||||||||||||||
Singapore: 0.8% | |||||||||||||||||||
Other Securities | 10,132,609 | 0.8 |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING INTERNATIONAL VALUE FUND
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
South Africa: 0.3% | |||||||||||||||||||
Other Securities | $ | 4,174,232 | 0.3 | ||||||||||||||||
South Korea: 1.1% | |||||||||||||||||||
Other Securities | 13,787,268 | 1.1 | |||||||||||||||||
Spain: 0.5% | |||||||||||||||||||
Other Securities | 6,307,143 | 0.5 | |||||||||||||||||
Sweden: 0.9% | |||||||||||||||||||
1,013,260 | Telefonaktiebolaget LM Ericsson | 11,143,426 | 0.9 | ||||||||||||||||
Switzerland: 6.1% | |||||||||||||||||||
363,010 | Swiss Reinsurance | 17,441,587 | 1.4 | ||||||||||||||||
865,537 | @ | UBS AG — Reg | 14,703,347 | 1.2 | |||||||||||||||
595,000 | Xstrata PLC | 11,527,163 | 0.9 | ||||||||||||||||
51,403 | Zurich Financial Services AG | 12,579,210 | 1.0 | ||||||||||||||||
Other Securities | 19,542,068 | 1.6 | |||||||||||||||||
75,793,375 | 6.1 | ||||||||||||||||||
United Kingdom: 11.0% | |||||||||||||||||||
263,950 | AstraZeneca PLC | 13,277,256 | 1.1 | ||||||||||||||||
1,338,480 | GlaxoSmithKline PLC | 26,137,351 | 2.1 | ||||||||||||||||
1,491,100 | HSBC Holdings PLC | 15,518,918 | 1.2 | ||||||||||||||||
2,924,900 | Kingfisher PLC | 11,142,736 | 0.9 | ||||||||||||||||
2,202,751 | Marks & Spencer Group PLC | 15,096,288 | 1.2 | ||||||||||||||||
6,251,400 | Vodafone Group PLC | 17,088,936 | 1.4 | ||||||||||||||||
2,526,131 | WM Morrison Supermarkets PLC | 11,888,638 | 1.0 | ||||||||||||||||
Other Securities | 25,865,155 | 2.1 | |||||||||||||||||
136,015,278 | 11.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $1,219,748,401) | 1,197,299,312 | 96.8 | |||||||||||||||||
PREFERRED STOCK: 1.3% | |||||||||||||||||||
Germany: 1.3% | |||||||||||||||||||
101,161 | Volkswagen AG | 15,168,442 | 1.3 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $8,042,602) | 15,168,442 | 1.3 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $1,227,791,003) | 1,212,467,754 | 98.1 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 2.7% | |||||||||||||||||||
Affiliated Mutual Fund: 2.4% | |||||||||||||||||||
29,834,588 | ING Institutional Prime Money Market Fund — Class I | 29,834,588 | 2.4 | ||||||||||||||||
Total Mutual Fund | |||||||||||||||||||
(Cost $29,834,588) | 29,834,588 | 2.4 | |||||||||||||||||
Securities Lending Collateralcc: 0.3% | |||||||||||||||||||
2,922,418 | BNY Mellon Overnight Government Fund(1) | 2,922,418 | 0.2 | ||||||||||||||||
1,202,292 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 961,834 | 0.1 | |||||||||||||||
Total Securities Lending Collateral | |||||||||||||||||||
(Cost $4,124,710) | 3,884,252 | 0.3 | |||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $33,959,298) | 33,718,840 | 2.7 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $1,261,750,301)* | $ | 1,246,186,594 | 100.8 | ||||||||||||||||
Other Assets and Liabilities — Net | (9,636,462 | ) | (0.8 | ) | |||||||||||||||
Net Assets | $ | 1,236,550,132 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
* | Cost for federal income tax purposes is $1,272,793,048. |
Net unrealized depreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 167,400,833 | ||||
Gross Unrealized Depreciation | (194,007,287 | ) | ||||
Net Unrealized Depreciation | $ | (26,606,454 | ) |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING INTERNATIONAL VALUE FUND
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 9.2 | % | ||||
Consumer Staples | 8.0 | |||||
Energy | 6.0 | |||||
Financials | 25.3 | |||||
Health Care | 11.1 | |||||
Industrials | 5.6 | |||||
Information Technology | 10.0 | |||||
Materials | 4.7 | |||||
Telecommunication Services | 13.9 | |||||
Utilities | 4.3 | |||||
Short-Term Investments | 2.7 | |||||
Other Assets and Liabilities — Net | (0.8 | ) | ||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 6,535,868 | $ | — | $ | 6,535,868 | ||||||||||
Bermuda | 10,024,629 | — | — | 10,024,629 | ||||||||||||||
Brazil | 50,392,072 | — | — | 50,392,072 | ||||||||||||||
Canada | 35,451,255 | — | — | 35,451,255 | ||||||||||||||
China | — | 47,277,613 | — | 47,277,613 | ||||||||||||||
Denmark | — | 18,122,594 | — | 18,122,594 | ||||||||||||||
Finland | — | 13,429,465 | — | 13,429,465 | ||||||||||||||
France | — | 146,492,505 | — | 146,492,505 | ||||||||||||||
Germany | — | 61,808,140 | — | 61,808,140 | ||||||||||||||
Hong Kong | — | 29,152,961 | — | 29,152,961 | ||||||||||||||
Israel | 15,544,050 | — | — | 15,544,050 | ||||||||||||||
Italy | — | 43,722,880 | — | 43,722,880 | ||||||||||||||
Japan | 12,339,086 | 288,971,670 | — | 301,310,756 | ||||||||||||||
Luxembourg | — | 7,345,394 | — | 7,345,394 | ||||||||||||||
Malaysia | — | 25,057,685 | — | 25,057,685 | ||||||||||||||
Mexico | 10,278,178 | — | — | 10,278,178 | ||||||||||||||
Netherlands | — | 89,711,570 | — | 89,711,570 | ||||||||||||||
New Zealand | — | 4,683,768 | — | 4,683,768 | ||||||||||||||
Portugal | — | 9,723,206 | — | 9,723,206 | ||||||||||||||
Russia | 13,881,392 | — | — | 13,881,392 | ||||||||||||||
Singapore | — | 10,132,609 | — | 10,132,609 | ||||||||||||||
South Africa | — | 4,174,232 | — | 4,174,232 | ||||||||||||||
South Korea | — | 13,787,268 | — | 13,787,268 | ||||||||||||||
Spain | — | 6,307,143 | — | 6,307,143 | ||||||||||||||
Sweden | — | 11,143,426 | — | 11,143,426 | ||||||||||||||
Switzerland | — | 75,793,375 | — | 75,793,375 | ||||||||||||||
United Kingdom | — | 136,015,278 | — | 136,015,278 | ||||||||||||||
Total Common Stock | 147,910,662 | 1,049,388,650 | — | 1,197,299,312 | ||||||||||||||
Preferred Stock | — | 15,168,442 | — | 15,168,442 | ||||||||||||||
Short-Term Investments | 32,757,006 | — | 961,834 | 33,718,840 | ||||||||||||||
Total Investments, at value | $ | 180,667,668 | $ | 1,064,557,092 | $ | 961,834 | $ | 1,246,186,594 |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING INTERNATIONAL VALUE FUND
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Short-Term Investments | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 961,834 | $ | — | $ | 961,834 | ||||||||||||||||||||
Total Investments, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 961,834 | $ | — | $ | 961,834 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
CHOICE FUND
AS OF OCTOBER 31, 2010
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.2% | |||||||||||||||||||
Australia: 3.1% | |||||||||||||||||||
269,850 | Alumina Ltd. | $ | 539,215 | 1.1 | |||||||||||||||
23,293 | Newcrest Mining Ltd. | 916,667 | 2.0 | ||||||||||||||||
1,455,882 | 3.1 | ||||||||||||||||||
Belgium: 2.0% | |||||||||||||||||||
23,978 | Belgacom S.A. | 941,561 | 2.0 | ||||||||||||||||
Bermuda: 1.6% | |||||||||||||||||||
22,255 | Axis Capital Holdings Ltd. | 756,893 | 1.6 | ||||||||||||||||
Brazil: 3.1% | |||||||||||||||||||
45,926 | Centrais Eletricas Brasileiras SA ADR — Class B | 750,890 | 1.6 | ||||||||||||||||
100,976 | Empresa Brasileira de Aeronautica SA | 715,615 | 1.5 | ||||||||||||||||
1,466,505 | 3.1 | ||||||||||||||||||
Canada: 12.0% | |||||||||||||||||||
33,629 | Barrick Gold Corp. | 1,617,219 | 3.5 | ||||||||||||||||
59,719 | Kinross Gold Corp. | 1,071,956 | 2.3 | ||||||||||||||||
52,415 | Nexen, Inc. | 1,115,915 | 2.4 | ||||||||||||||||
34,005 | Suncor Energy, Inc. | 1,088,500 | 2.3 | ||||||||||||||||
Other Securities | 713,090 | 1.5 | |||||||||||||||||
5,606,680 | 12.0 | ||||||||||||||||||
Finland: 2.0% | |||||||||||||||||||
88,087 | Nokia OYJ ADR | 940,769 | 2.0 | ||||||||||||||||
France: 11.7% | |||||||||||||||||||
170,148 | @ | Alcatel S.A. | 598,178 | 1.3 | |||||||||||||||
1,126 | Areva SA | 515,948 | 1.1 | ||||||||||||||||
19,099 | Carrefour S.A. | 1,034,088 | 2.2 | ||||||||||||||||
10,963 | Electricite de France SA | 502,949 | 1.1 | ||||||||||||||||
18,243 | Sanofi-Aventis | 1,278,141 | 2.7 | ||||||||||||||||
8,073 | Societe Generale | 484,097 | 1.1 | ||||||||||||||||
25,262 | Thales S.A. | 1,030,831 | 2.2 | ||||||||||||||||
5,444,232 | 11.7 | ||||||||||||||||||
Germany: 3.2% | |||||||||||||||||||
4,264 | Allianz AG | 533,971 | 1.1 | ||||||||||||||||
8,463 | Siemens AG | 965,759 | 2.1 | ||||||||||||||||
1,499,730 | 3.2 | ||||||||||||||||||
Italy: 3.4% | |||||||||||||||||||
35,705 | ERG S.p.A. | 493,193 | 1.1 | ||||||||||||||||
879,575 | Telecom Italia S.p.A. RNC | 1,079,232 | 2.3 | ||||||||||||||||
1,572,425 | 3.4 | ||||||||||||||||||
Japan: 32.1% | |||||||||||||||||||
79,200 | Coca-Cola West Holdings Co., Ltd. | 1,211,933 | 2.6 | ||||||||||||||||
93,000 | Dai Nippon Printing Co., Ltd. | 1,173,125 | 2.5 | ||||||||||||||||
28,400 | Fuji Photo Film Co., Ltd. | 947,470 | 2.0 | ||||||||||||||||
34,000 | JS Group Corp. | 668,228 | 1.4 | ||||||||||||||||
20,000 | Kao Corp. | 508,339 | 1.1 | ||||||||||||||||
17,900 | Mabuchi Motor Co., Ltd. | 947,559 | 2.0 | ||||||||||||||||
36,800 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 881,614 | 1.9 | ||||||||||||||||
2,400 | Nintendo Co., Ltd. | 619,720 | 1.3 | ||||||||||||||||
60,130 | Nippon Telegraph & Telephone Corp. ADR | 1,355,330 | 2.9 | ||||||||||||||||
33,200 | Panasonic Corp. | 483,966 | 1.0 | ||||||||||||||||
10,700 | Rohm Co., Ltd. | 667,284 | 1.4 | ||||||||||||||||
13,100 | Sankyo Co., Ltd. | 697,954 | 1.5 | ||||||||||||||||
74,000 | Sekisui House Ltd. | 695,480 | 1.5 | ||||||||||||||||
37,600 | Seven & I Holdings Co., Ltd. | 872,810 | 1.9 | ||||||||||||||||
39,000 | Shiseido Co., Ltd. | 814,226 | 1.8 | ||||||||||||||||
111,000 | Sumitomo Trust & Banking Co., Ltd. | 606,038 | 1.3 | ||||||||||||||||
9,807 | Toyota Motor Corp. ADR | 694,532 | 1.5 | ||||||||||||||||
64,000 | Wacoal Holdings Corp. | 932,138 | 2.0 | ||||||||||||||||
Other Securities | 243,757 | 0.5 | |||||||||||||||||
15,021,503 | 32.1 | ||||||||||||||||||
Netherlands: 4.2% | |||||||||||||||||||
19,074 | Royal Dutch Shell PLC ADR — Class B | 1,226,840 | 2.6 | ||||||||||||||||
32,074 | Wolters Kluwer NV | �� | 731,124 | 1.6 | |||||||||||||||
1,957,964 | 4.2 | ||||||||||||||||||
Russia: 1.0% | |||||||||||||||||||
21,980 | OAO Gazprom ADR | 480,263 | 1.0 | ||||||||||||||||
South Africa: 5.5% | |||||||||||||||||||
24,586 | Anglogold Ashanti Ltd. ADR | 1,158,246 | 2.5 | ||||||||||||||||
56,869 | Gold Fields Ltd. | 892,855 | 1.9 | ||||||||||||||||
17,533 | Impala Platinum Holdings Ltd. | 494,994 | 1.1 | ||||||||||||||||
2,546,095 | 5.5 | ||||||||||||||||||
South Korea: 4.8% | |||||||||||||||||||
60,781 | @ | Korea Electric Power Corp. ADR | 802,917 | 1.7 | |||||||||||||||
77,914 | SK Telecom Co., Ltd. ADR | 1,435,957 | 3.1 | ||||||||||||||||
2,238,874 | 4.8 | ||||||||||||||||||
Switzerland: 1.1% | |||||||||||||||||||
31,118 | @ | UBS AG — Reg | 529,628 | 1.1 | |||||||||||||||
United Kingdom: 7.4% | |||||||||||||||||||
17,161 | AstraZeneca PLC | 863,235 | 1.8 | ||||||||||||||||
18,335 | BP PLC ADR | 748,618 | 1.6 | ||||||||||||||||
44,776 | GlaxoSmithKline PLC | 874,369 | 1.9 | ||||||||||||||||
356,795 | Vodafone Group PLC | 975,341 | 2.1 | ||||||||||||||||
3,461,563 | 7.4 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $42,691,534) | 45,920,567 | 98.2 |
CHOICE FUND
AS OF OCTOBER 31, 2010 (CONTINUED)
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.5% | |||||||||||||||||||
Affiliated Mutual Fund: 1.5% | |||||||||||||||||||
716,531 | ING Institutional Prime Money Market Fund — Class I | $ | 716,531 | 1.5 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $716,531) | 716,531 | 1.5 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
(Cost $43,408,065)* | $ | 46,637,098 | 99.7 | ||||||||||||||||
Other Assets and Liabilities — Net | 157,103 | 0.3 | |||||||||||||||||
Net Assets | $ | 46,794,201 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
* | Cost for federal income tax purposes is $44,719,461. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 6,633,224 | ||||
Gross Unrealized Depreciation | (4,715,587 | ) | ||||
Net Unrealized Appreciation | $ | 1,917,637 |
Industry | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 9.8 | % | ||||
Consumer Staples | 9.5 | |||||
Energy | 11.0 | |||||
Financials | 8.1 | |||||
Health Care | 7.0 | |||||
Industrials | 12.9 | |||||
Information Technology | 8.1 | |||||
Materials | 15.0 | |||||
Telecommunication Services | 12.4 | |||||
Utilities | 4.4 | |||||
Short-Term Investments | 1.5 | |||||
Other Assets and Liabilities—Net | 0.3 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 1,455,882 | $ | — | $ | 1,455,882 | ||||||||||
Belgium | — | 941,561 | — | 941,561 | ||||||||||||||
Bermuda | 756,893 | — | — | 756,893 | ||||||||||||||
Brazil | 1,466,505 | — | — | 1,466,505 | ||||||||||||||
Canada | 5,606,680 | — | — | 5,606,680 | ||||||||||||||
Finland | 940,769 | — | — | 940,769 | ||||||||||||||
France | — | 5,444,232 | — | 5,444,232 | ||||||||||||||
Germany | — | 1,499,730 | — | 1,499,730 | ||||||||||||||
Italy | — | 1,572,425 | — | 1,572,425 | ||||||||||||||
Japan | 2,049,862 | 12,971,641 | — | 15,021,503 | ||||||||||||||
Netherlands | 1,226,840 | 731,124 | — | 1,957,964 | ||||||||||||||
Russia | 480,263 | — | — | 480,263 | ||||||||||||||
South Africa | 1,158,246 | 1,387,849 | — | 2,546,095 | ||||||||||||||
South Korea | 2,238,874 | — | — | 2,238,874 | ||||||||||||||
Switzerland | 529,628 | — | — | 529,628 | ||||||||||||||
United Kingdom | 748,618 | 2,712,945 | — | 3,461,563 | ||||||||||||||
Total Common Stock | 17,203,178 | 28,717,389 | — | 45,920,567 | ||||||||||||||
Short-Term Investments | 716,531 | — | — | 716,531 | ||||||||||||||
Total Investments, at value | $ | 17,919,709 | $ | 28,717,389 | $ | — | $ | 46,637,098 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
ING RUSSIA FUND
Shares | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 92.5% | |||||||||||||||||||
Consumer Discretionary: 0.9% | |||||||||||||||||||
107,000 | CTC Media, Inc. | $ | 2,525,200 | 0.6 | |||||||||||||||
1,324,122 | @ | RBC Information Systems | 1,500,235 | 0.3 | |||||||||||||||
4,025,435 | 0.9 | ||||||||||||||||||
Consumer Staples: 4.9% | |||||||||||||||||||
200,000 | @ | Avangardco Investments Public Ltd. GDR | 2,900,000 | 0.7 | |||||||||||||||
104,500 | @ | Central European Distribution Corp. | 2,609,365 | 0.6 | |||||||||||||||
80,100 | Magnit OAO | 9,328,927 | 2.2 | ||||||||||||||||
66,000 | @ | Synergy Co. | 2,359,500 | 0.5 | |||||||||||||||
91,800 | @ | X5 Retail Group N.V. GDR | 3,851,807 | 0.9 | |||||||||||||||
21,049,599 | 4.9 | ||||||||||||||||||
Energy: 28.8% | |||||||||||||||||||
531,100 | Lukoil-Spon ADR | 29,661,935 | 7.0 | ||||||||||||||||
311,200 | Novatek OAO GDR | 29,748,111 | 7.0 | ||||||||||||||||
4,352,100 | L | OAO Gazprom | 23,837,846 | 5.6 | |||||||||||||||
100,000 | OAO Gazprom ADR | 1,925,000 | 0.4 | ||||||||||||||||
1,790,713 | @ | OAO Rosneft Oil Co. GDR | 12,460,021 | 2.9 | |||||||||||||||
1,387,400 | L | Surgutneftegaz ADR | 13,585,765 | 3.2 | |||||||||||||||
371,833 | Tatneft GDR | 11,708,319 | 2.7 | ||||||||||||||||
122,926,997 | 28.8 | ||||||||||||||||||
Financials: 13.7% | |||||||||||||||||||
1,039,000 | Bank St. Petersburg BRD — Class S | 4,957,676 | 1.2 | ||||||||||||||||
12,868,021 | Sberbank of Russian Federation | 42,644,623 | 10.0 | ||||||||||||||||
1,612,000 | L | VTB Bank OJSC GDR | 10,656,282 | 2.5 | |||||||||||||||
58,258,581 | 13.7 | ||||||||||||||||||
Health Care: 1.1% | |||||||||||||||||||
165,165 | @ | Pharmstandard — Reg S GDR | 4,295,291 | 1.0 | |||||||||||||||
250,600 | @ | Protek | 438,550 | 0.1 | |||||||||||||||
4,733,841 | 1.1 | ||||||||||||||||||
Industrials: 1.2% | |||||||||||||||||||
1,800,000 | Aeroflot — Russian International Airlines | 4,420,758 | 1.0 | ||||||||||||||||
6,060,000 | Novorossiysk Sea Trade Port BRD | 740,035 | 0.2 | ||||||||||||||||
5,160,793 | 1.2 | ||||||||||||||||||
Materials: 22.1% | |||||||||||||||||||
241,100 | @, L | Evraz Group SA GDR — Reg S | 7,314,486 | 1.7 | |||||||||||||||
96,000 | Kazakhmys PLC | 2,022,845 | 0.5 | ||||||||||||||||
490,680 | @ | LSR Group GDR | 4,168,259 | 1.0 | |||||||||||||||
832,100 | Mechel OAO ADR | 19,595,955 | 4.6 | ||||||||||||||||
1,049,521 | L | MMC Norilsk Nickel ADR | 19,573,567 | 4.6 | |||||||||||||||
1,571,400 | Novolipetsk Steel | 5,419,657 | 1.3 | ||||||||||||||||
497,600 | @, L | Polymetal GDR | 7,862,080 | 1.8 | |||||||||||||||
572,600 | @ | Raspadskaya — Class S | 3,321,080 | 0.8 | |||||||||||||||
500,000 | @ | Severstal GDR | 6,731,479 | 1.6 | |||||||||||||||
100,000 | @ | Sibirskiy Cement OAO | 1,975,000 | 0.5 | |||||||||||||||
576,690 | L | Uralkali GDR | 14,250,004 | 3.3 | |||||||||||||||
18,800 | Vsmpo-Avisma Corp. | 1,804,464 | 0.4 | ||||||||||||||||
94,038,876 | 22.1 | ||||||||||||||||||
Telecommunication Services: 8.8% | |||||||||||||||||||
397,654 | @ | Comstar United Telesystems GDR | 2,575,576 | 0.6 | |||||||||||||||
875,000 | Mobile Telesystems Finance SA ADR | 18,943,750 | 4.5 | ||||||||||||||||
243,000 | Sistema JSFC GDR | 6,257,353 | 1.5 | ||||||||||||||||
478,400 | @ | VimpelCom Ltd. ADR | 7,333,872 | 1.7 | |||||||||||||||
612,800 | VolgaTelecom | 2,280,776 | 0.5 | ||||||||||||||||
37,391,327 | 8.8 | ||||||||||||||||||
Utilities: 11.0% | |||||||||||||||||||
891,765,300 | @ | Federal Grid Co. Unified Energy System JSC | 10,725,279 | 2.5 | |||||||||||||||
312,117,796 | @ | Federal Hydrogenerating Co. JSC | 15,980,431 | 3.8 | |||||||||||||||
43,769,600 | @ | IDGC Holding JSC | 7,790,989 | 1.8 | |||||||||||||||
19,854,152 | @ | JSC RusHydro | 1,020,152 | 0.2 | |||||||||||||||
20,000,000 | Mosenergo OAO | 2,129,205 | 0.5 | ||||||||||||||||
99,532,300 | @ | OGK-2 OAO | 5,275,529 | 1.2 | |||||||||||||||
5,787,696,000 | Territorial Generating Co. 1 | 4,015,156 | 1.0 | ||||||||||||||||
46,936,741 | 11.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $298,029,088) | 394,522,190 | 92.5 | |||||||||||||||||
MUTUAL FUNDS: 0.4% | |||||||||||||||||||
Hedge Fund: 0.4% | |||||||||||||||||||
636,687 | @, X | RenShares Utilities Ltd. | 1,633,280 | 0.4 | |||||||||||||||
Total Mutual Funds | |||||||||||||||||||
(Cost $752,296) | 1,633,280 | 0.4 | |||||||||||||||||
PREFERRED STOCK: 1.7% | |||||||||||||||||||
Energy: 1.2% | |||||||||||||||||||
10,200,000 | Surgutneftegaz | 5,125,593 | 1.2 | ||||||||||||||||
Financials: 0.5% | |||||||||||||||||||
445,000 | Bank St Petersburg OJSC | 2,123,355 | 0.5 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $4,584,601) | 7,248,948 | 1.7 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $303,365,985) | 403,404,418 | 94.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 6.0% | |||||||||||||||||||
Securities Lending Collateralcc: 6.0% | |||||||||||||||||||
24,728,886 | BNY Mellon Overnight Government Fund(1) | 24,728,886 | 5.8 | ||||||||||||||||
841,448 | R | BNY Institutional Cash Reserves Fund, Series B(1)(2) | 673,158 | 0.2 |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING RUSSIA FUND
Shares | | | | Value | | Percent of Net Assets | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | ||||||||||||||||||||||||||
Securities Lending Collateralcc: (continued) | ||||||||||||||||||||||||||
Total Short-Term Investments | ||||||||||||||||||||||||||
(Cost $25,570,334) | $ | 25,402,044 | 6.0 | |||||||||||||||||||||||
Total Investments in Securities | ||||||||||||||||||||||||||
(Cost $328,936,319)* | $ | 428,806,462 | 100.6 | |||||||||||||||||||||||
Other Assets and Liabilities — Net | (2,493,429 | ) | (0.6 | ) | ||||||||||||||||||||||
Net Assets | $ | 426,313,033 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
R | Restricted security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested in these short-term investments. |
(2) | On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund’s position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
L | Loaned security, a portion or all of the security is on loan at October 31, 2010. |
X | Fair value determined by ING Funds Valuation Committee appointed by the Funds’ Board of Directors/Trustees. |
* | Cost for federal income tax purposes is $335,811,102. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 125,226,818 | ||||
Gross Unrealized Depreciation | (32,231,458 | ) | ||||
Net Unrealized Appreciation | $ | 92,995,360 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Consumer Discretionary | $ | 4,025,435 | $ | — | $ | — | $ | 4,025,435 | ||||||||||
Consumer Staples | 17,197,792 | 3,851,807 | — | 21,049,599 | ||||||||||||||
Energy | 55,424,781 | 67,502,216 | — | 122,926,997 | ||||||||||||||
Financials | 47,602,299 | 10,656,282 | — | 58,258,581 | ||||||||||||||
Health Care | 438,550 | 4,295,291 | — | 4,733,841 | ||||||||||||||
Industrials | 5,160,793 | — | — | 5,160,793 | ||||||||||||||
Materials | 59,551,803 | 34,487,073 | — | 94,038,876 | ||||||||||||||
Telecommunication Services | 28,558,398 | 8,832,929 | — | 37,391,327 | ||||||||||||||
Utilities | 30,956,310 | 15,980,431 | — | 46,936,741 | ||||||||||||||
Total Common Stock | 248,916,161 | 145,606,029 | — | 394,522,190 | ||||||||||||||
Mutual Funds | — | — | 1,633,280 | 1,633,280 | ||||||||||||||
Preferred Stock | 7,248,948 | — | — | 7,248,948 | ||||||||||||||
Short-Term Investments | 24,728,886 | — | 673,158 | 25,402,044 | ||||||||||||||
Total Investments, at value | $ | 280,893,995 | $ | 145,606,029 | $ | 2,306,438 | $ | 428,806,462 |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING RUSSIA FUND
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Mutual Funds | $ | 1,299,101 | $ | — | $ | — | $ | — | $ | — | $ | 334,179 | $ | — | $ | — | $ | 1,633,280 | ||||||||||||||||||||
Short-Term Investments | — | — | — | — | — | — | 673,158 | — | 673,158 | |||||||||||||||||||||||||||||
Total Investments, at value | $ | 1,299,101 | $ | — | $ | — | $ | — | $ | — | $ | 334,179 | $ | 673,158 | $ | — | $ | 2,306,438 |
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 Portfolio 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 significant portion of the Portfolio’s investments are categorized as Level 2 investments. |
AS OF OCTOBER 31, 2010
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORPORATE BONDS/NOTES: 26.6% | |||||||||||||||||||
Consumer Discretionary: 3.8% | |||||||||||||||||||
$400,000 | # | CCO Holdings LLC / CCO Holdings Capital Corp., 7.250%, due 10/30/17 | $ | 415,000 | 0.1 | ||||||||||||||
1,719,000 | S | Comcast Corp., 5.900%–6.550%, due 03/15/16–07/01/39 | 1,993,865 | 0.4 | |||||||||||||||
991,000 | #, S | Hyatt Hotels Corp., 6.875%, due 08/15/19 | 1,096,807 | 0.2 | |||||||||||||||
1,314,000 | # | NBC Universal, Inc., 2.875%, due 04/01/16 | 1,331,717 | 0.5 | |||||||||||||||
270,000 | # | NBC Universal, Inc., 3.650%, due 04/30/15 | 286,359 | ||||||||||||||||
744,000 | # | NBC Universal, Inc., 5.150%, due 04/30/20 | 808,876 | ||||||||||||||||
230,000 | #, S | QVC, Inc., 7.500%, due 10/01/19 | 248,400 | 0.0 | |||||||||||||||
1,399,000 | S | Time Warner Cable, Inc., 6.200%–8.750%, due 07/01/13–06/15/39 | 1,660,637 | 0.3 | |||||||||||||||
1,481,000 | S | Time Warner, Inc., 7.700%, due 05/01/32 | 1,827,978 | 0.4 | |||||||||||||||
332,000 | S | Time Warner, Inc., 3.150%, due 07/15/15 | 347,867 | ||||||||||||||||
Other Securities | 9,862,769 | 1.9 | |||||||||||||||||
19,880,275 | 3.8 | ||||||||||||||||||
Consumer Staples: 1.8% | |||||||||||||||||||
1,288,000 | S | Altria Group, Inc., 9.250%–9.700%, due 11/10/18–08/06/19 | 1,776,933 | 0.3 | |||||||||||||||
610,000 | # | Anheuser-Busch InBev Worldwide, Inc., 7.750%, due 01/15/19 | 790,084 | 0.2 | |||||||||||||||
215,000 | # | Dole Food Co., Inc., 8.000%, due 10/01/16 | 229,513 | 0.1 | |||||||||||||||
575,000 | &, # | ServiceMaster Co, 10.750%, due 07/15/15 | 619,563 | 0.1 | |||||||||||||||
555,000 | # | Smithfield Foods, Inc., 10.000%, due 07/15/14 | 642,413 | 0.1 | |||||||||||||||
Other Securities | 5,197,708 | 1.0 | |||||||||||||||||
9,256,214 | 1.8 | ||||||||||||||||||
Energy: 2.5% | |||||||||||||||||||
150,000 | # | Consol Energy, Inc., 8.000%, due 04/01/17 | 165,000 | 0.1 | |||||||||||||||
150,000 | # | Consol Energy, Inc., 8.250%, due 04/01/20 | 168,000 | ||||||||||||||||
521,000 | # | KazMunaiGaz Finance Sub BV, 7.000%, due 05/05/20 | 556,428 | 0.3 | |||||||||||||||
1,000,000 | #, S | KazMunaiGaz Finance Sub BV, 11.750%, due 01/23/15 | 1,246,250 | ||||||||||||||||
1,080,000 | # | Lukoil International Finance BV, 6.125%, due 11/09/20 | 1,079,325 | 0.2 | |||||||||||||||
500,000 | # | Reliance Holdings USA, Inc., 4.500%, due 10/19/20 | 488,804 | 0.1 | |||||||||||||||
300,000 | # | Reliance Holdings USA, Inc., 6.250%, due 10/19/40 | 298,180 | ||||||||||||||||
Other Securities | 9,313,591 | 1.8 | |||||||||||||||||
13,315,578 | 2.5 | ||||||||||||||||||
Financials: 10.7% | |||||||||||||||||||
1,871,000 | S | American Express Credit Corp., 5.125%, due 08/25/14 | 2,067,184 | 0.6 | |||||||||||||||
847,000 | American Express Credit Corp., 2.750%, due 09/15/15 | 855,202 | |||||||||||||||||
800,000 | # | Banco Bradesco SA/Cayman Islands, 5.900%, due 01/16/21 | 823,000 | 0.2 | |||||||||||||||
540,000 | # | Banco de Credito del Peru, 5.375%, due 09/16/20 | 554,850 | 0.1 | |||||||||||||||
800,000 | # | Banco Votorantim SA, 7.375%, due 01/21/20 | 873,000 | 0.2 | |||||||||||||||
1,028,000 | # | Barclays Bank PLC, 5.926%, due 09/29/49 | 976,600 | 0.4 | |||||||||||||||
627,000 | #, S | Barclays Bank PLC, 6.050%, due 12/04/17 | 687,205 | ||||||||||||||||
375,000 | Barclays Bank PLC, 5.140%, due 10/14/20 | 371,566 | |||||||||||||||||
800,000 | # | BM&FBovespa SA, 5.500%, due 07/16/20 | 860,172 | 0.2 | |||||||||||||||
EUR 5,200,000 | Citibank Credit Card Issuance Trust, 5.375%, due 04/11/11 | 7,328,527 | 1.4 | ||||||||||||||||
2,124,000 | S | Citigroup, Inc., 5.000%–8.500%, due 09/15/14–05/22/19 | 2,423,848 | 0.5 | |||||||||||||||
1,079,000 | # | Fibria Overseas Finance Ltd, 7.500%, due 05/04/20 | 1,168,018 | 0.2 | |||||||||||||||
1,982,000 | S | Goldman Sachs Group, Inc., 5.375%, due 03/15/20 | 2,100,972 | 0.5 | |||||||||||||||
500,000 | S | Goldman Sachs Group, Inc., 6.250%, due 09/01/17 | 565,809 | ||||||||||||||||
2,126,000 | HSBC USA, Inc., 5.000%, due 09/27/20 | 2,134,024 | 0.4 | ||||||||||||||||
325,000 | # | Hyundai Capital America, 3.750%, due 04/06/16 | 331,442 | 0.1 | |||||||||||||||
728,000 | # | Iberdrola Finance Ireland Ltd., 5.000%, due 09/11/19 | 763,031 | 0.1 | |||||||||||||||
139,000 | # | International Lease Finance Corp., 8.625%, due 09/15/15 | 156,723 | 0.0 |
AS OF OCTOBER 31, 2010 (CONTINUED)
ING GLOBAL BOND FUND
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORPORATE BONDS/NOTES: (continued) | |||||||||||||||||||
Financials: (continued) | |||||||||||||||||||
$1,000,000 | # | JBS Finance II Ltd, 8.250%, due 01/29/18 | $ | 1,062,500 | 0.2 | ||||||||||||||
206,000 | # | Lyondell Chemical Co., 8.000%, due 11/01/17 | 226,085 | 0.0 | |||||||||||||||
1,486,000 | S | Morgan Stanley, 7.300%, due 05/13/19 | 1,716,673 | 0.5 | |||||||||||||||
852,000 | S | Morgan Stanley, 4.100%, due 01/26/15 | 883,738 | ||||||||||||||||
800,000 | # | Myriad International Holding BV, 6.375%, due 07/28/17 | 845,200 | 0.2 | |||||||||||||||
857,000 | # | Pacific Life Insurance Co., 9.250%, due 06/15/39 | 1,056,833 | 0.2 | |||||||||||||||
1,470,000 | S | PNC Funding Corp., 5.125%, due 02/08/20 | 1,598,331 | 0.3 | |||||||||||||||
1,518,000 | S | Protective Life Corp., 8.450%, due 10/15/39 | 1,618,911 | 0.3 | |||||||||||||||
665,000 | # | Reynolds Group DL Escrow, Inc./Reynolds Group Escrow LLC, 7.750%, due 10/15/16 | 708,225 | 0.1 | |||||||||||||||
400,000 | # | Vnesheconombank Via VEB Finance Ltd, 6.902%, due 07/09/20 | 428,600 | 0.1 | |||||||||||||||
588,000 | # | Voto-Votorantim Ltd, 6.750%, due 04/05/21 | 650,475 | 0.1 | |||||||||||||||
1,000,000 | # | VTB Bank Via VTB Capital SA, 6.551%, due 10/13/20 | 1,012,032 | 0.2 | |||||||||||||||
231,000 | # | Xstrata Finance Canada Ltd, 5.500%, due 11/16/11 | 240,124 | 0.0 | |||||||||||||||
Other Securities | 19,093,137 | 3.6 | |||||||||||||||||
56,182,037 | 10.7 | ||||||||||||||||||
Health Care: 0.6% | |||||||||||||||||||
400,000 | # | Valeant Pharmaceuticals International, 7.000%, due 10/01/20 | 421,000 | 0.1 | |||||||||||||||
Other Securities | 2,946,682 | 0.5 | |||||||||||||||||
3,367,682 | 0.6 | ||||||||||||||||||
Industrials: 0.9% | |||||||||||||||||||
445,000 | # | Bombardier, Inc., 7.500%, due 03/15/18 | 488,388 | 0.2 | |||||||||||||||
445,000 | # | Bombardier, Inc., 7.750%, due 03/15/20 | 496,175 | ||||||||||||||||
357,000 | # | Kazatomprom, 6.250%, due 05/20/15 | 391,361 | 0.1 | |||||||||||||||
1,683,000 | # | SCF Capital Ltd., 5.375%, due 10/27/17 | 1,659,647 | 0.3 | |||||||||||||||
Other Securities | 1,558,063 | 0.3 | |||||||||||||||||
4,593,634 | 0.9 | ||||||||||||||||||
Information Technology: 0.8% | |||||||||||||||||||
1,055,000 | # | Oracle Corp., 5.375%, due 07/15/40 | 1,106,544 | 0.2 | |||||||||||||||
500,000 | # | STATS ChipPAC Ltd., 7.500%, due 08/12/15 | 551,250 | 0.1 | |||||||||||||||
Other Securities | 2,713,691 | 0.5 | |||||||||||||||||
4,371,485 | 0.8 | ||||||||||||||||||
Materials: 1.6% | |||||||||||||||||||
1,070,000 | # | ALROSA Finance SA, 7.750%, due 11/03/20 | 1,078,881 | 0.2 | |||||||||||||||
416,000 | # | Celulosa Arauco y Constitucion SA, 5.000%, due 01/21/21 | 430,650 | 0.1 | |||||||||||||||
473,000 | #, S | Chevron Phillips Chemical Co. LLC, 8.250%, due 06/15/19 | 595,219 | 0.1 | |||||||||||||||
315,000 | # | Georgia-Pacific LLC, 5.400%, due 11/01/20 | 319,725 | 0.1 | |||||||||||||||
880,000 | # | Gerdau Trade, Inc., 5.750%, due 01/30/21 | 916,300 | 0.2 | |||||||||||||||
645,000 | # | Inversiones CMPC SA, 6.125%, due 11/05/19 | 715,152 | 0.1 | |||||||||||||||
462,000 | # | Sino-Forest Corp., 6.250%, due 10/21/17 | 466,043 | 0.1 | |||||||||||||||
Other Securities | 3,859,452 | 0.7 | |||||||||||||||||
8,381,422 | 1.6 | ||||||||||||||||||
Telecommunication Services: 2.7% | |||||||||||||||||||
2,040,000 | AT&T, Inc., 2.500%, due 08/15/15 | 2,100,690 | 0.4 | ||||||||||||||||
510,000 | # | Intelsat Subsidiary Holding Co., Ltd., 8.875%, due 01/15/15 | 527,850 | 0.1 | |||||||||||||||
1,250,000 | # | Qtel International Finance Ltd., 3.375%, due 10/14/16 | 1,248,848 | 0.4 | |||||||||||||||
500,000 | # | Qtel International Finance Ltd., 4.750%, due 02/16/21 | 496,993 | ||||||||||||||||
Other Securities | 9,603,728 | 1.8 | |||||||||||||||||
13,978,109 | 2.7 | ||||||||||||||||||
Utilities: 1.2% | |||||||||||||||||||
426,000 | # | Allegheny Energy Supply Co. LLC, 5.750%, due 10/15/19 | 447,591 | 0.1 | |||||||||||||||
400,000 | # | Calpine Corp., 7.875%, due 07/31/20 | 421,000 | 0.0 | |||||||||||||||
Other Securities | 5,698,434 | 1.1 | |||||||||||||||||
6,567,025 | 1.2 | ||||||||||||||||||
Total Corporate Bonds/Notes | |||||||||||||||||||
(Cost $128,225,253) | 139,893,461 | 26.6 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
U.S. GOVERNMENT AGENCY OBLIGATIONS: 4.0% | |||||||||||||||||||
Federal National Mortgage Association##: 3.9% | |||||||||||||||||||
18,290,000 | W | 4.500%, due 12/15/35 | $ | 19,147,344 | 3.9 | ||||||||||||||
1,236,544 | S | 6.000%–7.294%, due 04/25/33–06/17/40 | 1,366,895 | ||||||||||||||||
20,514,239 | 3.9 | ||||||||||||||||||
Government National Mortgage Association: 0.1% | |||||||||||||||||||
Other Securities | 275,045 | 0.1 | |||||||||||||||||
Total U.S. Government Agency Obligations | |||||||||||||||||||
(Cost $20,694,208) | 20,789,284 | 4.0 | |||||||||||||||||
U.S. TREASURY OBLIGATIONS: 19.8% | |||||||||||||||||||
U.S. Treasury Notes: 19.8% | |||||||||||||||||||
2,639,000 | 0.375%, due 08/31/12–09/30/12 | 2,641,153 | 0.5 | ||||||||||||||||
5,249,000 | 0.750%, due 09/15/13 | 5,291,239 | 19.3 | ||||||||||||||||
27,253,000 | 1.250%, due 08/31/15–09/30/15 | 27,390,890 | |||||||||||||||||
9,452,000 | 2.500%, due 04/30/15 | 10,071,550 | |||||||||||||||||
18,102,000 | 2.625%, due 08/15/20 | 18,121,804 | |||||||||||||||||
8,968,000 | 3.375%, due 11/15/19 | 9,627,291 | |||||||||||||||||
5,600,000 | 3.875%, due 08/15/40 | 5,481,874 | |||||||||||||||||
22,681,000 | 4.375%, due 05/15/40 | 24,162,455 | |||||||||||||||||
1,526,000 | 0.500%, due 10/15/13 | 1,526,119 | |||||||||||||||||
Total U.S. Treasury Obligations | |||||||||||||||||||
(Cost $104,407,680) | 104,314,375 | 19.8 | |||||||||||||||||
ASSET-BACKED SECURITIES: 6.3% | |||||||||||||||||||
Automobile Asset-Backed Securities: 1.0% | |||||||||||||||||||
596,000 | #, S | Bank of America Auto Trust, 3.520%, due 06/15/16 | 624,389 | 0.1 | |||||||||||||||
925,000 | # | Chrysler Financial Auto Securitization Trust, 5.570%, due 08/08/14 | 968,787 | 0.7 | |||||||||||||||
968,000 | # | Chrysler Financial Auto Securitization Trust, 6.250%, due 05/08/14 | 1,017,980 | ||||||||||||||||
1,836,000 | # | Chrysler Financial Auto Securitization Trust, 6.540%, due 11/10/14 | 1,920,705 | ||||||||||||||||
Other Securities | 886,208 | 0.2 | |||||||||||||||||
5,418,069 | 1.0 | ||||||||||||||||||
Credit Card Asset-Backed Securities: 5.2% | |||||||||||||||||||
1,821,000 | Capital One Multi-Asset Execution Trust, 0.316%, due 07/15/16 | 1,797,215 | 1.5 | ||||||||||||||||
5,732,000 | S | Capital One Multi-Asset Execution Trust, 0.316%–5.750%, due 03/17/14–07/15/20 | 5,878,459 | ||||||||||||||||
1,733,000 | S | Citibank Credit Card Issuance Trust, 0.906%, due 07/15/13 | 1,720,092 | 0.9 | |||||||||||||||
2,364,000 | S | Citibank Credit Card Issuance Trust, 6.950%, due 02/18/14 | 2,507,844 | ||||||||||||||||
775,000 | S | Citibank Credit Card Issuance Trust, 0.666%–6.300%, due 05/15/13–07/15/14 | 795,899 | ||||||||||||||||
EUR 7,553,000 | MBNA Credit Card Master Note Trust, 5.600%, due 07/17/14 | 10,927,267 | 2.5 | ||||||||||||||||
1,646,000 | S | MBNA Credit Card Master Note Trust, 6.800%, due 07/15/14 | 1,746,106 | ||||||||||||||||
527,000 | MBNA Credit Card Master Note Trust, 0.676%–1.606%, due 10/15/14–07/15/15 | 514,081 | |||||||||||||||||
100,000 | # | MBNA Master Credit Card Trust, 7.100%, due 09/15/13 | 102,555 | 0.0 | |||||||||||||||
Other Securities | 1,543,996 | 0.3 | |||||||||||||||||
27,533,514 | 5.2 | ||||||||||||||||||
Other Asset-Backed Securities: 0.1% | |||||||||||||||||||
Other Securities | 343,746 | 0.1 | |||||||||||||||||
Total Asset-Backed Securities | |||||||||||||||||||
(Cost $32,871,797) | 33,295,329 | 6.3 | |||||||||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS: 11.7% | |||||||||||||||||||
560,000 | # | Banc of America Large Loan, Inc., 5.158%, due 10/10/45 | 569,632 | 0.1 | |||||||||||||||
1,720,000 | Bear Stearns Adjustable Rate Mortgage Trust, 2.877%, due 08/25/35 | 1,662,426 | 0.3 | ||||||||||||||||
1,610,000 | S | Citigroup Commercial Mortgage Trust, 5.698%, due 12/10/49 | 1,731,496 | 0.3 | |||||||||||||||
1,930,000 | # | Commercial Mortgage Pass-Through Certificates, 5.449%, due 02/05/19 | 1,955,432 | 0.6 | |||||||||||||||
1,243,000 | S | Commercial Mortgage Pass-through Certificates, 4.715%–5.815%, due 03/10/39–12/10/49 | 1,347,223 | ||||||||||||||||
1,251,000 | # | DLJ Commercial Mortgage Corp., 7.226%, due 06/10/31 | 1,383,081 | 0.3 | |||||||||||||||
1,770,120 | GMAC Commercial Mortgage Securities, Inc., 4.538%, due 05/10/43 | 1,769,338 | 0.3 | ||||||||||||||||
1,650,000 | S | Greenwich Capital Commercial Funding Corp., 5.224%, due 04/10/37 | 1,787,625 | 1.7 | |||||||||||||||
1,600,000 | S | Greenwich Capital Commercial Funding Corp., 5.736%, due 12/10/49 | 1,691,344 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued) | |||||||||||||||||||
$5,180,000 | S | Greenwich Capital Commercial Funding Corp., 5.190%–5.883%, due 04/10/37–03/10/39 | $ | 5,631,808 | |||||||||||||||
777,000 | # | GS Mortgage Securities Corp. II, 5.374%, due 05/17/45 | 864,055 | 0.2 | |||||||||||||||
390,000 | # | GS Mortgage Securities Corp. II, 5.858%, due 07/12/38 | 400,925 | �� | 0.1 | ||||||||||||||
1,100,000 | # | JP Morgan Chase Commercial Mortgage Securities Corp., 3.616%, due 11/15/43 | 1,112,232 | 2.0 | |||||||||||||||
860,000 | # | JP Morgan Chase Commercial Mortgage Securities Corp., 4.070%, due 11/15/43 | 865,814 | ||||||||||||||||
1,807,000 | S | JP Morgan Chase Commercial Mortgage Securities Corp., 4.529%, due 01/12/37 | 1,837,734 | ||||||||||||||||
1,672,000 | S | JP Morgan Chase Commercial Mortgage Securities Corp., 5.336%, due 05/15/47 | 1,762,337 | ||||||||||||||||
1,760,000 | S | JP Morgan Chase Commercial Mortgage Securities Corp., 5.399%, due 05/15/45 | 1,925,677 | ||||||||||||||||
2,628,881 | S | JP Morgan Chase Commercial Mortgage Securities Corp., 4.853%–5.833%, due 03/15/46–02/15/51 | 2,810,585 | ||||||||||||||||
1,909,539 | S | JP Morgan Mortgage Trust, 4.784%–5.290%, due 07/25/35 | 1,866,116 | 0.4 | |||||||||||||||
1,225,000 | # | LB-UBS Commercial Mortgage Trust, 5.350%, due 09/15/37 | 1,228,390 | 1.7 | |||||||||||||||
7,153,000 | S | LB-UBS Commercial Mortgage Trust, 4.799%–5.881%, due 06/15/29–02/15/40 | 7,718,322 | ||||||||||||||||
830,000 | #, S | RBSCF Trust, 5.420%, due 01/19/49 | 798,593 | 0.1 | |||||||||||||||
1,631,046 | S | Structured Asset Securities Corp., 2.754%–5.000%, due 09/25/33–05/25/35 | 1,552,001 | 0.3 | |||||||||||||||
790,000 | # | Wachovia Bank Commercial Mortgage Trust, 5.125%, due 08/15/35 | 789,304 | 0.8 | |||||||||||||||
1,820,000 | S | Wachovia Bank Commercial Mortgage Trust, 5.308%, due 11/15/48 | 1,975,230 | ||||||||||||||||
1,480,000 | S | Wachovia Bank Commercial Mortgage Trust, 5.342%–5.997%, due 12/15/43–06/15/45 | 1,565,970 | ||||||||||||||||
1,210,000 | # | Wells Fargo Commercial Mortgage Trust, 4.393%, due 10/15/57 | 1,246,230 | 0.2 | |||||||||||||||
1,764,421 | Wells Fargo Mortgage-Backed Securities Trust, 2.874%, due 06/25/35 | 1,706,103 | 0.7 | ||||||||||||||||
1,748,637 | S | Wells Fargo Mortgage-Backed Securities Trust, 5.277%, due 05/25/35 | 1,740,619 | ||||||||||||||||
Other Securities | 8,414,820 | 1.6 | |||||||||||||||||
Total Collateralized Mortgage Obligations | |||||||||||||||||||
(Cost $58,185,422) | 61,710,462 | 11.7 | |||||||||||||||||
MUNICIPAL BONDS: 0.4% | |||||||||||||||||||
Louisiana: 0.4% | |||||||||||||||||||
Other Securities | 2,230,381 | 0.4 | |||||||||||||||||
Total Municipal Bonds | |||||||||||||||||||
(Cost $2,161,268) | 2,230,381 | 0.4 | |||||||||||||||||
OTHER BONDS: 29.9% | |||||||||||||||||||
Foreign Government Bonds: 29.9% | |||||||||||||||||||
BRL 80,096,000 | Brazil Notas do Tesouro Nacional Series F, 10.000%, due 01/01/14 | 44,889,712 | 8.5 | ||||||||||||||||
EUR 2,530,000 | Bundesobligation, 4.000%, due 10/11/13 | 3,806,395 | 0.7 | ||||||||||||||||
EUR 13,000,000 | Bundesrepublik Deutschland, 3.750%, due 01/04/19 | 19,945,010 | 6.2 | ||||||||||||||||
EUR 3,340,000 | Bundesrepublik Deutschland, 4.250%, due 01/04/14 | 5,077,122 | |||||||||||||||||
EUR 4,400,000 | S | Bundesrepublik Deutschland, 4.250%, due 07/04/39 | 7,534,920 | ||||||||||||||||
CAD 2,200,000 | Canadian Government International Bond, 4.250%, due 06/01/18 | 2,417,153 | 0.5 | ||||||||||||||||
JPY 500,000,000 | Japan Government Ten Year Bond, 1.400%, due 12/20/11 | 6,301,212 | 1.2 | ||||||||||||||||
JPY 500,000,000 | Japan Government Thirty Year Bond, 2.300%, due 03/20/40 | 6,675,289 | 1.3 | ||||||||||||||||
JPY 370,000,000 | Japan Government Thirty Year Bond, 2.400%, due 09/20/38 | 5,025,549 | 0.9 | ||||||||||||||||
JPY 800,000,000 | Japan Government Two Year Bond, 0.400%, due 03/15/11 | 9,952,628 | 1.9 | ||||||||||||||||
$500,000 | # | Korea Housing Finance Corp., 4.125%, due 12/15/15 | 528,382 | 0.1 | |||||||||||||||
KRW 21,931,000,000 | Korea Treasury Bond, 4.750%, due 12/10/11 | 19,893,881 | 3.8 | ||||||||||||||||
MXN 168,000,000 | Mexican Cetes, 4.600%, due 09/22/11 | 13,061,224 | 2.5 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTHER BONDS: (continued) | |||||||||||||||||||
Foreign Government Bonds: (continued) | |||||||||||||||||||
ZAR 54,027,000 | South Africa Government International Bond, 7.250%, due 01/15/20 | $ | 7,425,107 | 1.4 | |||||||||||||||
UYU | Other Securities | 3,275,813 | 0.6 | ||||||||||||||||
Total Other Bonds | |||||||||||||||||||
(Cost $144,683,677) | 155,809,397 | 29.6 |
Notional Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
POSITIONS IN PURCHASED OPTIONS: 0.3% | |||||||||||||||||||
Foreign Currency Options: 0.3% | |||||||||||||||||||
25,700,000 | @ | Currency Option OTC — Morgan Stanley CAD Put vs USD Call Strike @ 1.029 (CAD)-Exp 11/12/10 | 149,387 | 0.0 | |||||||||||||||
51,800,000 | @ | Currency Option OTC — Morgan Stanley EUR Call vs USD Put Strike @ 1.405 (USD)-Exp 01/21/11 | 1,075,049 | 0.2 | |||||||||||||||
12,900,000 | @ | Currency Option OTC — Morgan Stanley EUR Put vs USD Call Strike @ 1.355 (USD)-Exp 11/12/10 | 46,993 | 0.0 | |||||||||||||||
25,900,000 | @ | Currency Option OTC — Morgan Stanley EUR Put vs USD Call Strike @ 1.370 (USD)-Exp 12/29/10 | 433,125 | 0.1 | |||||||||||||||
12,700,000 | @ | Currency Option OTC — Morgan Stanley EUR Put vs USD Call Strike @ 1.413 (USD)-Exp 11/04/10 | 9,228 | 0.0 | |||||||||||||||
26,000,000 | @ | Currency Option OTC — Morgan Stanley JPY Put vs USD Call Strike @ 83.430 (JPY)-Exp 11/17/10 | 41,045 | 0.0 | |||||||||||||||
Total Purchased Options | |||||||||||||||||||
(Cost $2,192,817) | 1,754,827 | 0.3 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $493,422,122) | 519,797,516 | 98.7 |
Principal Amount | | | | Value | | Percent of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 2.6% | |||||||||||||||||||
Commercial Paper: 1.9% | |||||||||||||||||||
$2,500,000 | Concord Minutemen Capital Co., 0.380%, due 12/02/10 | 2,499,156 | 0.5 | ||||||||||||||||
5,000,000 | Dexia Delaware LLC, 0.490%, due 11/05/10 | 4,999,660 | 1.0 | ||||||||||||||||
Other Securities | 2,249,837 | 0.4 | |||||||||||||||||
Total Commercial Paper | |||||||||||||||||||
(Cost $9,748,653) | 9,748,653 | 1.9 |
Shares | | | | Value | | Percent of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Affiliated Mutual Fund: 0.7% | ||||||||||||||||||
3,941,000 | ING Institutional Prime Money Market Fund — Class I | $ | 3,941,000 | 0.7 | ||||||||||||||
Total Mutual Fund | ||||||||||||||||||
(Cost $3,941,000) | 3,941,000 | 0.7 | ||||||||||||||||
Total Short-Term Investments | ||||||||||||||||||
(Cost $13,689,653) | 13,689,653 | 2.6 | ||||||||||||||||
Total Investments in Securities | ||||||||||||||||||
(Cost $507,111,775)* | $ | 533,487,169 | 101.3 | |||||||||||||||
Other Assets and Liabilities — Net | (6,677,343 | ) | (1.3 | ) | ||||||||||||||
Net Assets | $ | 526,809,826 | 100.0 |
& | Payment-in-kind |
# | Securities with purchases pursuant to Rule 144A or section 4(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, these securities have been determined to be liquid under the guidelines established by the Funds’ Board of Directors/Trustees. |
## | On September 7, 2008, the Federal Housing Finance Agency placed the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation into conservatorship and the U.S. Treasury guaranteed the debt issued by those organizations. |
@ | Non-income producing security |
W | Settlement is on a when-issued or delayed-delivery basis. |
S | All or a portion of this security has been identified by the Fund to cover future collateral requirements for applicable futures, options, swaps, foreign currency contracts and/or when-issued or delayed-delivery securities. |
AS OF OCTOBER 31, 2010 (CONTINUED)
BRL | Brazilian Real |
CAD | Canadian Dollar |
EUR | EU Euro |
JPY | Japanese Yen |
KRW | South Korean Won |
MXN | Mexican Peso |
UYU | Uruguayan Peso Uruguayo |
ZAR | South African Rand |
* | Cost for federal income tax purposes is $508,474,369. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 27,551,394 | ||||
Gross Unrealized Depreciation | (2,538,594 | ) | ||||
Net Unrealized Appreciation | $ | 25,012,800 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Positions In Purchased Options | $ | — | $ | 1,754,827 | $ | — | $ | 1,754,827 | ||||||||||
Corporate Bonds/Notes | — | 139,893,461 | — | 139,893,461 | ||||||||||||||
U.S. Government Agency Obligations | — | 20,789,284 | — | 20,789,284 | ||||||||||||||
U.S. Treasury Obligations | — | 104,314,375 | — | 104,314,375 | ||||||||||||||
Asset-Backed Securities | — | 33,295,329 | — | 33,295,329 | ||||||||||||||
Collateralized Mortgage Obligations | — | 61,710,462 | — | 61,710,462 | ||||||||||||||
Municipal Bonds | — | 2,230,381 | — | 2,230,381 | ||||||||||||||
Other Bonds | — | 155,809,397 | — | 155,809,397 | ||||||||||||||
Short-Term Investments | 3,941,000 | 9,748,653 | — | 13,689,653 | ||||||||||||||
Total Investments, at value | $ | 3,941,000 | $ | 529,546,169 | $ | — | $ | 533,487,169 | ||||||||||
Other Financial Instruments+: | ||||||||||||||||||
Forward foreign currency contracts | — | 5,085,366 | — | 5,085,366 | ||||||||||||||
Futures | 1,064,867 | — | — | 1,064,867 | ||||||||||||||
Swaps, at value | — | 635,832 | 23,291 | 659,123 | ||||||||||||||
Total Assets | $ | 5,005,867 | $ | 535,267,367 | $ | 23,291 | $ | 540,296,525 | ||||||||||
Liabilities Table | ||||||||||||||||||
Other Financial Instruments+: | ||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | (3,758,877 | ) | $ | — | $ | (3,758,877 | ) | ||||||||
Futures | (1,298,484 | ) | — | — | (1,298,484 | ) | ||||||||||||
Swaps, at value | — | (831,474 | ) | (30,636 | ) | (862,110 | ) | |||||||||||
Written options | — | (1,561,926 | ) | — | (1,561,926 | ) | ||||||||||||
Total Liabilities | $ | (1,298,484 | ) | $ | (6,152,277 | ) | $ | (30,636 | ) | $ | (7,481,397 | ) |
AS OF OCTOBER 31, 2010 (CONTINUED)
Beginning Balance 10/31/2009 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Total Unrealized Appreciation/ (Depreciation) | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 10/31/2010 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Collateralized Mortgage Obligations | $ | 3,730,616 | $ | — | $ | (1,524,856 | ) | $ | — | $ | 22,274 | $ | — | $ | — | $ | (2,228,034 | ) | $ | — | ||||||||||||||||||
Foreign Government Bonds | 5,152,147 | — | (5,147,000 | ) | — | — | (5,147 | ) | — | — | — | |||||||||||||||||||||||||||
Total Investments, at value | $ | 8,882,763 | $ | — | $ | (6,671,856 | ) | $ | — | $ | 22,274 | $ | (5,147 | ) | $ | — | $ | (2,228,034 | ) | $ | — | |||||||||||||||||
Other Financial Instruments+: | ||||||||||||||||||||||||||||||||||||||
Swaps, at value | — | — | — | — | — | 23,291 | — | — | 23,291 | |||||||||||||||||||||||||||||
Total Assets | $ | 8,882,763 | $ | — | $ | (6,671,856 | ) | $ | — | $ | 22,274 | $ | 18,144 | $ | — | $ | (2,228,034 | ) | $ | 23,291 | ||||||||||||||||||
Liabilities Table | ||||||||||||||||||||||||||||||||||||||
Other Financial Instruments+: | ||||||||||||||||||||||||||||||||||||||
Swaps, at value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (30,636 | ) | $ | — | $ | — | $ | (30,636 | ) | ||||||||||||||||||
Total Liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (30,636 | ) | $ | — | $ | — | $ | (30,636 | ) |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
+ | Other Financial Instruments are derivatives not reflected in the Summary Portfolio of Investments and may include open forward foreign currency contracts, futures, swaps, and written options. Forward foreign currency contracts and futures are reported at their unrealized gain/loss at measurement date which represents the amount due to/from the Fund. Swaps and written options are reported at their market value at measurement date. |
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset Derivatives | ||||||||||
Foreign exchange contracts | Investments in securities at value* | $ | 1,754,827 | |||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 5,085,366 | ||||||||
Interest rate contracts | Swaps, at fair value | 659,123 | ||||||||
Interest rate contracts | Net Assets — Unrealized appreciation** | 1,064,867 | ||||||||
Total Asset Derivatives | $ | 8,564,183 | ||||||||
Liability Derivatives | ||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 3,758,877 | |||||||
Credit contracts | Swaps, at fair value | 65,466 | ||||||||
Interest rate contracts | Swaps, at fair value | 796,644 | ||||||||
Interest rate contracts | Net Assets — Unrealized depreciation** | 1,298,484 | ||||||||
Foreign exchange contracts | Written options, at fair value | 1,561,926 | ||||||||
Total Liability Derivatives | $ | 7,481,397 |
* | Includes purchased options. |
** | Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Summary Portfolio of Investments. |
AS OF OCTOBER 31, 2010 (CONTINUED)
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Investments* | Foreign currency related transactions** | Futures | Swaps | Written options | Total | |||||||||||||||||||||
Credit contracts | $ | (305,591 | ) | $ | — | $ | — | (596,915 | ) | $ | 178,621 | $ | (723,885 | ) | |||||||||||||
Foreign exchange contracts | (719,048 | ) | (12,901,461 | ) | — | — | 808,343 | (12,093,118 | ) | ||||||||||||||||||
Interest rate contracts | — | — | (3,079,438 | ) | 2,727,238 | 197,638 | (873,610 | ) | |||||||||||||||||||
Total | $ | (1,024,639 | ) | $ | (12,901,461 | ) | $ | (3,079,438 | ) | $ | 2,130,323 | $ | 1,184,602 | $ | (13,690,613 | ) |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Investments* | Foreign currency related transactions** | Futures | Swaps | Written options | Total | |||||||||||||||||||||
Credit contracts | $ | — | $ | — | $ | — | $ | (8,755 | ) | $ | — | $ | (8,755 | ) | |||||||||||||
Foreign exchange contracts | (326,967 | ) | 1,633,168 | — | — | 365,372 | 1,663,468 | ||||||||||||||||||||
Interest rate contracts | — | — | 44,244 | (165,746 | ) | — | (121,502 | ) | |||||||||||||||||||
Total | $ | (326,967 | ) | $ | 1,633,168 | $ | 44,244 | $ | (174,501 | ) | $ | 365,372 | $ | 1,533,211 |
* | Amounts recognized for purchased options are included in net realized gain (loss) on investments and net change in unrealized appreciation or depreciation on investments. |
** | Amounts recognized for forward foreign currency contracts are included in net realized gain (loss) on foreign currency related transactions and net change in unrealized appreciation or depreciation on foreign currency related transactions. |
Counterparty | Currency | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 2,575,017 | BUY | 11/5/10 | $ | 2,519,000 | $ | 2,520,848 | $ | 1,848 | |||||||||||||||||||||
Morgan Stanley | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 47,899,373 | BUY | 11/5/10 | 47,067,640 | 46,959,405 | (108,235 | ) | |||||||||||||||||||||||
HSBC | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 2,250,242 | BUY | 11/5/10 | 2,191,000 | 2,206,084 | 15,084 | ||||||||||||||||||||||||
Morgan Stanley | Swiss Franc | |||||||||||||||||||||||||||||
CHF | 7,800,072 | BUY | 11/19/10 | 8,077,477 | 7,927,725 | (149,752 | ) | |||||||||||||||||||||||
UBS Warburg LLC | Swiss Franc | |||||||||||||||||||||||||||||
CHF | 5,439,684 | BUY | 11/19/10 | 5,520,000 | 5,528,707 | 8,707 | ||||||||||||||||||||||||
HSBC | Chilean Peso | |||||||||||||||||||||||||||||
CLP | 4,732,790,610 | BUY | 11/19/10 | 9,687,423 | 9,660,856 | (26,567 | ) | |||||||||||||||||||||||
Morgan Stanley | Danish Krone | |||||||||||||||||||||||||||||
DKK | 6,953,272 | BUY | 11/19/10 | 1,292,676 | 1,297,475 | 4,799 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 25,460,793 | BUY | 11/5/10 | 35,183,709 | 35,434,476 | 250,767 | ||||||||||||||||||||||||
HSBC | EU Euro | |||||||||||||||||||||||||||||
EUR | 3,360,723 | BUY | 11/5/10 | 4,683,000 | 4,677,210 | (5,790 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | British Pound | |||||||||||||||||||||||||||||
GBP | 5,717,720 | BUY | 11/19/10 | 9,000,503 | 9,160,536 | 160,033 | ||||||||||||||||||||||||
Credit Suisse First Boston | British Pound | |||||||||||||||||||||||||||||
GBP | 4,068,462 | BUY | 11/19/10 | 6,512,000 | 6,519,135 | 7,135 | ||||||||||||||||||||||||
Morgan Stanley | Indian Rupee | |||||||||||||||||||||||||||||
INR | 558,041,740 | BUY | 11/5/10 | 12,478,572 | 12,547,624 | 69,052 | ||||||||||||||||||||||||
HSBC | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 342,649,542 | BUY | 11/5/10 | 4,204,000 | 4,258,269 | 54,269 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 16,053,623 | BUY | 11/5/10 | 1,295,000 | 1,299,670 | 4,670 | ||||||||||||||||||||||||
HSBC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 2,930,707 | BUY | 11/5/10 | 2,181,000 | 2,233,330 | 52,330 | ||||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | |||||||||||||||||||||||||||||
SEK | 16,137,040 | BUY | 11/19/10 | 2,434,000 | 2,414,476 | (19,524 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 116,931,288 | BUY | 11/5/10 | 9,355,000 | 9,466,529 | 111,529 | ||||||||||||||||||||||||
Citigroup, Inc. | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 15,887,468 | BUY | 11/5/10 | 11,883,000 | 12,106,961 | 223,961 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Counterparty | Currency | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC | Swiss Franc | |||||||||||||||||||||||||||||
CHF | 5,238,270 | BUY | 11/19/10 | $ | 5,395,000 | $ | 5,323,997 | $ | (71,003 | ) | ||||||||||||||||||||
HSBC | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,563,515 | BUY | 11/5/10 | 3,566,000 | 3,567,713 | 1,713 | ||||||||||||||||||||||||
HSBC | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,203,450 | BUY | 11/5/10 | 12,947,000 | 12,808,692 | (138,308 | ) | |||||||||||||||||||||||
HSBC | EU Euro | |||||||||||||||||||||||||||||
EUR | 4,151,988 | BUY | 11/5/10 | 5,840,000 | 5,778,435 | (61,565 | ) | |||||||||||||||||||||||
Deutsche Bank AG | British Pound | |||||||||||||||||||||||||||||
GBP | 8,218,248 | BUY | 11/19/10 | 12,977,000 | 13,166,711 | 189,711 | ||||||||||||||||||||||||
Citigroup, Inc. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 142,785,010 | BUY | 11/5/10 | 1,723,000 | 1,774,457 | 51,457 | ||||||||||||||||||||||||
UBS Warburg LLC | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 3,437,646 | BUY | 11/19/10 | 591,000 | 586,394 | (4,606 | ) | |||||||||||||||||||||||
Morgan Stanley | Singapore Dollar | |||||||||||||||||||||||||||||
SGD | 14,396,363 | BUY | 11/19/10 | 11,014,983 | 11,123,058 | 108,075 | ||||||||||||||||||||||||
Citigroup, Inc. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 247,597,911 | BUY | 11/5/10 | 3,038,000 | 3,077,017 | 39,017 | ||||||||||||||||||||||||
Morgan Stanley | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 6,024,272 | BUY | 11/5/10 | 4,538,000 | 4,590,765 | 52,765 | ||||||||||||||||||||||||
Citigroup, Inc. | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,290,840 | BUY | 11/5/10 | 12,977,000 | 12,930,315 | (46,685 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 4,891,193 | BUY | 11/5/10 | 4,745,000 | 4,788,301 | 43,301 | ||||||||||||||||||||||||
Credit Suisse First Boston | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 62,695,686 | BUY | 11/5/10 | 5,070,000 | 5,075,720 | 5,720 | ||||||||||||||||||||||||
Citigroup, Inc. | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,196,260 | BUY | 11/5/10 | 12,947,000 | 12,798,684 | (148,316 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 1,473,702 | BUY | 11/5/10 | 1,097,000 | 1,123,027 | 26,027 | ||||||||||||||||||||||||
HSBC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 7,674,556 | BUY | 11/5/10 | 7,516,000 | 7,513,113 | (2,887 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 4,817,489 | BUY | 11/5/10 | 3,596,000 | 3,671,142 | �� | 75,142 | |||||||||||||||||||||||
Morgan Stanley | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 4,408,266 | BUY | 11/5/10 | 4,334,000 | 4,315,533 | (18,467 | ) | |||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 91,536 | BUY | 11/5/10 | 90,000 | 89,740 | (260 | ) | |||||||||||||||||||||||
UBS Warburg LLC | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 29,800,935 | BUY | 11/5/10 | 2,392,000 | 2,412,626 | 20,626 | ||||||||||||||||||||||||
UBS Warburg LLC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 3,384,351 | BUY | 11/5/10 | 2,544,000 | 2,579,027 | 35,027 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 1,879,392 | BUY | 11/5/10 | 2,602,000 | 2,615,601 | 13,601 | ||||||||||||||||||||||||
Citigroup, Inc. | British Pound | |||||||||||||||||||||||||||||
GBP | 5,128,195 | BUY | 11/19/10 | 8,052,000 | 8,216,041 | 164,041 | ||||||||||||||||||||||||
HSBC | British Pound | |||||||||||||||||||||||||||||
GBP | 12,243,494 | BUY | 11/19/10 | 19,505,000 | 19,615,682 | 110,682 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 3,873,026,339 | BUY | 11/5/10 | 46,551,972 | 48,131,938 | 1,579,966 | ||||||||||||||||||||||||
Credit Suisse First Boston | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 138,293,700 | BUY | 11/19/10 | 23,464,116 | 23,590,158 | 126,042 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 6,811,992 | BUY | 11/19/10 | 1,156,000 | 1,161,991 | 5,991 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,647,764 | BUY | 11/5/10 | 3,689,000 | 3,684,965 | (4,035 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 982,905 | BUY | 11/5/10 | 975,000 | 962,228 | (12,772 | ) | |||||||||||||||||||||||
Morgan Stanley | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 34,365,099 | BUY | 11/5/10 | 25,924,000 | 26,187,743 | 263,743 | ||||||||||||||||||||||||
Morgan Stanley | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 76,301,100 | BUY | 11/19/10 | 12,977,000 | 13,015,452 | 38,452 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Counterparty | Currency | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC | Philippine Peso | |||||||||||||||||||||||||||||
PHP | 674,542,170 | BUY | 11/19/10 | $ | 15,451,659 | $ | 15,662,337 | $ | 210,678 | |||||||||||||||||||||
HSBC | Hungarian Forint | |||||||||||||||||||||||||||||
HUF | 2,395,135,252 | BUY | 11/5/10 | 12,292,831 | 12,263,514 | (29,317 | ) | |||||||||||||||||||||||
HSBC | Indonesian Rupiah | |||||||||||||||||||||||||||||
IDR | 46,824,150,000 | BUY | 11/5/10 | 5,225,793 | 5,234,940 | 9,147 | ||||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 300,634,760 | BUY | 11/5/10 | 3,692,000 | 3,736,131 | 44,131 | ||||||||||||||||||||||||
Morgan Stanley | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 5,224,961 | BUY | 11/5/10 | 3,954,000 | 3,981,654 | 27,654 | ||||||||||||||||||||||||
Morgan Stanley | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 4,473,567 | BUY | 11/5/10 | 4,407,000 | 4,379,460 | (27,540 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 2,383,133 | BUY | 11/5/10 | 2,353,000 | 2,336,366 | (16,634 | ) | |||||||||||||||||||||||
HSBC | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,249,164 | BUY | 11/5/10 | 12,962,000 | 12,872,312 | (89,688 | ) | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 86,673,979 | BUY | 11/5/10 | 6,956,000 | 7,016,956 | 60,956 | ||||||||||||||||||||||||
Morgan Stanley | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 15,083,070 | BUY | 11/5/10 | 11,389,000 | 11,493,974 | 104,974 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 5,044,447 | BUY | 11/5/10 | 3,760,000 | 3,844,095 | 84,095 | ||||||||||||||||||||||||
Morgan Stanley | South African Rand | |||||||||||||||||||||||||||||
ZAR | 26,818,570 | BUY | 11/5/10 | 3,939,852 | 3,825,525 | (114,327 | ) | |||||||||||||||||||||||
$ | 3,360,640 | |||||||||||||||||||||||||||||
HSBC | British Pound | |||||||||||||||||||||||||||||
GBP | 1,524,646 | SELL | 11/19/10 | $ | 2,444,000 | $ | 2,443,030 | $ | 970 | |||||||||||||||||||||
HSBC | Hungarian Forint | |||||||||||||||||||||||||||||
HUF | 2,395,135,252 | SELL | 11/5/10 | 12,116,899 | 12,263,514 | (146,615 | ) | |||||||||||||||||||||||
HSBC | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 28,594,340 | SELL | 11/5/10 | 2,279,741 | 2,314,942 | (35,201 | ) | |||||||||||||||||||||||
Morgan Stanley | South African Rand | |||||||||||||||||||||||||||||
ZAR | 26,506,620 | SELL | 11/5/10 | 3,811,106 | 3,781,027 | 30,079 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 16,578,432 | SELL | 11/5/10 | 15,975,392 | 16,229,686 | (254,294 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 2,508,282 | SELL | 11/5/10 | 1,872,374 | 1,911,423 | (39,049 | ) | |||||||||||||||||||||||
UBS Warburg LLC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 6,617,852 | SELL | 11/5/10 | 6,408,000 | 6,478,638 | (70,638 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | |||||||||||||||||||||||||||||
EUR | 3,648,233 | �� | SELL | 11/5/10 | 5,100,000 | 5,077,345 | 22,655 | |||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | |||||||||||||||||||||||||||||
SEK | 12,679,877 | SELL | 11/19/10 | 1,882,818 | 1,897,204 | (14,386 | ) | |||||||||||||||||||||||
Morgan Stanley | South Korean Won | |||||||||||||||||||||||||||||
KRW | 5,370,942,040 | SELL | 11/19/10 | 4,736,364 | 4,769,085 | (32,721 | ) | |||||||||||||||||||||||
HSBC | Brazilian Real | |||||||||||||||||||||||||||||
BRL | 78,494,619 | SELL | 11/19/10 | 46,092,237 | 45,979,768 | 112,469 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,142,576 | SELL | 11/5/10 | 2,944,000 | 2,981,881 | (37,881 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 8,689,352 | SELL | 11/19/10 | 1,460,000 | 1,482,231 | (22,231 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 59,461,745 | SELL | 11/5/10 | 725,000 | 738,959 | (13,959 | ) | |||||||||||||||||||||||
UBS Warburg LLC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 5,600,577 | SELL | 11/5/10 | 4,224,000 | 4,267,890 | (43,890 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,230,800 | SELL | 11/5/10 | 12,848,000 | 12,846,755 | 1,245 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,358,443 | SELL | 11/5/10 | 3,293,000 | 3,282,309 | 10,691 | ||||||||||||||||||||||||
UBS Warburg LLC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 5,590,160 | SELL | 11/5/10 | 4,254,000 | 4,259,952 | (5,952 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 35,180,563 | SELL | 11/19/10 | 5,976,000 | 6,001,105 | (25,105 | ) |
AS OF OCTOBER 31, 2010 (CONTINUED)
Counterparty | Currency | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan Chase & Co. | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 5,703,781 | SELL | 11/19/10 | $ | 964,000 | $ | 972,952 | $ | (8,952 | ) | ||||||||||||||||||||
UBS Warburg LLC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 4,249,004 | SELL | 11/5/10 | 3,178,000 | 3,237,931 | (59,931 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 2,141,264 | SELL | 11/5/10 | 2,112,000 | 2,099,244 | 12,756 | ||||||||||||||||||||||||
UBS Warburg LLC | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 312,629,349 | SELL | 11/5/10 | 3,839,000 | 3,885,193 | (46,193 | ) | |||||||||||||||||||||||
Morgan Stanley | South Korean Won | |||||||||||||||||||||||||||||
KRW | 4,540,090,400 | SELL | 11/19/10 | 4,058,000 | 4,031,337 | 26,663 | ||||||||||||||||||||||||
UBS Warburg LLC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 4,474,660 | SELL | 11/5/10 | 4,398,000 | 4,380,530 | 17,470 | ||||||||||||||||||||||||
Morgan Stanley | Swedish Krona | |||||||||||||||||||||||||||||
SEK | 15,991,043 | SELL | 11/19/10 | 2,374,000 | 2,392,631 | (18,631 | ) | |||||||||||||||||||||||
Morgan Stanley | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 2,022,114 | SELL | 11/5/10 | 2,002,000 | 1,979,576 | 22,424 | ||||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 2,435,728 | SELL | 11/5/10 | 2,420,000 | 2,387,929 | 32,071 | ||||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 514,511,532 | SELL | 11/5/10 | 6,349,000 | 6,394,079 | (45,079 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 7,039,349 | SELL | 11/19/10 | 1,217,000 | 1,200,773 | 16,227 | ||||||||||||||||||||||||
Morgan Stanley | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 63,515,731 | SELL | 11/5/10 | 5,113,000 | 5,142,110 | (29,110 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 1,875,018 | SELL | 11/5/10 | 1,830,000 | 1,838,223 | (8,223 | ) | |||||||||||||||||||||||
UBS Warburg LLC | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 5,609,798 | SELL | 11/5/10 | 4,196,000 | 4,274,917 | (78,917 | ) | |||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,313,264 | SELL | 11/5/10 | 13,001,000 | 12,961,522 | 39,478 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 254,286,767 | SELL | 11/5/10 | 3,132,000 | 3,160,142 | (28,142 | ) | |||||||||||||||||||||||
Citigroup, Inc. | Norwegian Krone | |||||||||||||||||||||||||||||
NOK | 12,666,253 | SELL | 11/19/10 | 2,172,000 | 2,160,611 | 11,389 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 181,840,573 | SELL | 11/5/10 | 2,225,000 | 2,259,819 | (34,819 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | Swiss Franc | |||||||||||||||||||||||||||||
CHF | 3,838,739 | SELL | 11/19/10 | 3,906,000 | 3,901,562 | 4,438 | ||||||||||||||||||||||||
UBS Warburg LLC | British Pound | |||||||||||||||||||||||||||||
GBP | 3,994,134 | SELL | 11/19/10 | 6,332,000 | 6,399,126 | (67,126 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 3,875,054 | SELL | 11/5/10 | 3,823,000 | 3,793,537 | 29,463 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 797,398 | SELL | 11/5/10 | 1,114,000 | 1,109,760 | 4,240 | ||||||||||||||||||||||||
HSBC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 3,135,144 | SELL | 11/5/10 | 3,106,000 | 3,069,193 | 36,807 | ||||||||||||||||||||||||
Deutsche Bank AG | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 15,784,195 | SELL | 11/5/10 | 11,929,000 | 12,028,262 | (99,262 | ) | |||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,130,173 | SELL | 11/5/10 | 2,982,596 | 2,964,620 | 17,976 | ||||||||||||||||||||||||
Deutsche Bank AG | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,682,030 | SELL | 11/5/10 | 3,740,000 | 3,732,654 | 7,346 | ||||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 273,131,021 | SELL | 11/5/10 | 3,353,000 | 3,394,329 | (41,329 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,312,590 | SELL | 11/5/10 | 13,001,000 | 12,960,585 | 40,415 | ||||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 2,555,003 | SELL | 11/5/10 | 3,566,953 | 3,555,867 | 11,086 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 151,413,601 | SELL | 11/5/10 | 1,821,000 | 1,881,689 | (60,689 | ) | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 27,950,045 | SELL | 11/5/10 | 2,236,000 | 2,262,781 | (26,781 | ) |
AS OF OCTOBER 31, 2010 (CONTINUED)
Counterparty | Currency | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBS Warburg LLC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 4,645,547 | SELL | 11/5/10 | $ | 4,521,000 | $ | 4,547,823 | $ | (26,823 | ) | ||||||||||||||||||||
UBS Warburg LLC | Swedish Krona | |||||||||||||||||||||||||||||
SEK | 16,825,309 | SELL | 11/19/10 | 2,469,000 | 2,517,457 | (48,457 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | |||||||||||||||||||||||||||||
JPY | 97,505,797 | SELL | 11/5/10 | 1,203,000 | 1,211,751 | (8,751 | ) | |||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 324,555 | SELL | 11/5/10 | 321,000 | 318,186 | 2,814 | ||||||||||||||||||||||||
Citigroup, Inc. | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 7,373,154 | SELL | 11/5/10 | 5,536,000 | 5,618,673 | (82,673 | ) | |||||||||||||||||||||||
Morgan Stanley | EU Euro | |||||||||||||||||||||||||||||
EUR | 9,263,163 | SELL | 11/5/10 | 12,962,000 | 12,891,796 | 70,204 | ||||||||||||||||||||||||
JPMorgan Chase & Co. | British Pound | |||||||||||||||||||||||||||||
GBP | 2,296,496 | SELL | 11/19/10 | 3,605,000 | 3,679,287 | (74,287 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | British Pound | |||||||||||||||||||||||||||||
GBP | 2,152,548 | SELL | 11/19/10 | 3,391,000 | 3,448,665 | (57,665 | ) | |||||||||||||||||||||||
Deutsche Bank AG | New Zealand Dollar | |||||||||||||||||||||||||||||
NZD | 34,746,245 | SELL | 11/5/10 | 25,924,000 | 26,478,193 | (554,193 | ) | |||||||||||||||||||||||
Morgan Stanley | Swiss Franc | |||||||||||||||||||||||||||||
CHF | 5,236,536 | SELL | 11/19/10 | 5,352,000 | 5,322,235 | 29,765 | ||||||||||||||||||||||||
Morgan Stanley | South African Rand | |||||||||||||||||||||||||||||
ZAR | 52,965,000 | SELL | 11/19/10 | 7,554,234 | 7,538,778 | 15,456 | ||||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | |||||||||||||||||||||||||||||
MXN | 65,114,067 | SELL | 11/5/10 | 5,198,000 | 5,271,508 | (73,508 | ) | |||||||||||||||||||||||
UBS Warburg LLC | Australian Dollar | |||||||||||||||||||||||||||||
AUD | 7,416,116 | SELL | 11/5/10 | 7,166,000 | 7,260,109 | (94,109 | ) | |||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | |||||||||||||||||||||||||||||
CAD | 1,884,648 | SELL | 11/5/10 | 1,824,000 | 1,847,664 | (23,664 | ) | |||||||||||||||||||||||
Morgan Stanley | South Korean Won | |||||||||||||||||||||||||||||
KRW | 4,020,561,180 | SELL | 11/19/10 | 3,546,000 | 3,570,025 | (24,025 | ) | |||||||||||||||||||||||
Morgan Stanley | British Pound | |||||||||||||||||||||||||||||
GBP | 5,544,701 | SELL | 11/19/10 | 8,684,000 | 8,883,338 | (199,338 | ) | |||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | |||||||||||||||||||||||||||||
EUR | 1,402,681 | SELL | 11/5/10 | 1,954,000 | 1,952,149 | 1,851 | ||||||||||||||||||||||||
$ | (2,034,151 | ) |
Contract Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Contracts | ||||||||||||||||||
Euro-Schatz | 390 | 12/08/10 | $ | 59,070,759 | $ | (300,406 | ) | |||||||||||
Euro-Bund | 244 | 12/08/10 | 43,886,651 | (445,356 | ) | |||||||||||||
Long Gilt | 208 | 12/29/10 | 41,114,729 | (273,723 | ) | |||||||||||||
Canada 10-Year Bond | 85 | 12/20/10 | 10,535,200 | 63,306 | ||||||||||||||
Short Gilt | 82 | 12/29/10 | 14,132,675 | 3,577 | ||||||||||||||
Australia 10-Year Bond | 37 | 12/15/10 | 3,839,505 | (38,694 | ) | |||||||||||||
Japan 10-Year Bond (TSE) | 10 | 12/09/10 | 17,795,452 | 191,944 | ||||||||||||||
$ | 190,374,971 | $ | (799,352 | ) | ||||||||||||||
Short Contracts | ||||||||||||||||||
U.S. Treasury 2-Year Note | 8 | 12/31/10 | $ | 1,759,875 | $ | (3,645 | ) | |||||||||||
U.S. Treasury 5-Year Note | 26 | 12/31/10 | 3,161,031 | (42,112 | ) | |||||||||||||
Euro-Bobl 5-Year | 30 | 12/08/10 | 4,995,477 | 53,383 | ||||||||||||||
Australia 3-Year Bond | 47 | 12/15/10 | 4,742,284 | (1,097 | ) | |||||||||||||
Medium Gilt | 138 | 12/29/10 | 26,114,921 | 22,603 | ||||||||||||||
U.S. Treasury Long Bond | 247 | 12/21/10 | 32,341,563 | 730,054 | ||||||||||||||
U.S. Treasury 10-Year Note | 349 | 12/21/10 | 44,072,156 | (193,451 | ) | |||||||||||||
$ | 117,187,307 | $ | 565,735 |
AS OF OCTOBER 31, 2010 (CONTINUED)
Counterparty | Reference Entity/ Obligation | Buy/Sell Protection | (Pay)/Receive Fixed Rate (%) | Termination Date | Notional Amount (2) | Fair Value (3) | Upfront Payment Paid/(Received) | Unrealized Depreciation | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
The Royal Bank of Scotland PLC | Japanese Government Bond, 2.000%, 03/21/22 | Buy | (0.610) | 12/20/14 | 9,000,000 | $ | (65,466 | ) | $ | — | $(65,466) | |||||||||||||||||||||||
$ | (65,466 | ) | $ | — | $(65,466) |
(1) | If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either 1.) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or 2.) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | The maximum amount of future payments (undiscounted) that a Fund as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement. |
(3) | The fair value for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair value, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation’s credit soundness and a greater likelihood or risk of default or other credit event occurring. |
Termination Date | Notional Principal Amount | Fair Value | Upfront Payment Paid/(Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receive a fixed rate equal to 2.056% and pay a floating rate based on 3-month CAD-BA-CDOR Counterparty: Citigroup, Inc. | 07/28/13 | CAD 25,000,000 | $276,567 | $ | — | $ | 276,567 | |||||||||||||||
Receive a fixed rate equal to 1.803% and pay a floating rate based on 6-month CAD-BA-CDOR Counterparty: Deutsche Bank AG | 09/21/13 | CAD 24,000,000 | 91,900 | — | 91,900 | |||||||||||||||||
Pay a fixed rate equal to 4.140% and receive a floating rate based on the 6-month Tasa Nominal Anual Promedio (TNA) Counterparty: Deutsche Bank AG | 10/19/12 | CLP 4,917,045,000 | 23,291 | — | 23,291 | |||||||||||||||||
Receive a fixed rate equal to 6.225% and pay a floating rate based on 28-day MXN-TIIE-BANXICO Counterparty: Citigroup, Inc. | 07/17/15 | MXN 104,000,000 | 219,984 | — | 219,984 | |||||||||||||||||
Receive a fixed rate equal to 5.800% and pay a floating rate based on 28-day MXN-TIIE-BANXICO Counterparty: Citigroup, Inc. | 07/17/20 | MXN 74,980,000 | 47,381 | — | 47,381 | |||||||||||||||||
Pay a fixed rate equal to 3.478% and receive a floating rate based on the 3-month USD-LIBOR-BBA Counterparty: Citigroup, Inc. | 05/11/20 | USD 10,271,000 | (766,008) | — | (766,008 | ) | ||||||||||||||||
$(106,885) | $ | — | $ | (106,885 | ) |
Counterparty | Notional Amount on Fixed Rate (Currency Received) | Notional Amount on Floating Rate (Currency Delivered) | Floating Rate (Fund Pays) | Fixed Rate (Fund Receives) | Termination Date | Fair Value | Upfront Payment Paid (Received) | Unrealized Depreciation | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Deutsche Bank AG | U.F. 230,187 | CLP 4,917,045,000 | 6-month Tasa Nominal Anual Promedio (TNA) | 0.88% | 10/19/12 | $ | (30,636 | ) | $ | — | $(30,636) | |||||||||||||||||||||||
$ | (30,636 | ) | $ | — | $(30,636) |
AS OF OCTOBER 31, 2010 (CONTINUED)
Description | Counterparty | Exercise Price | Expiration Date | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Currency Option OTC | ||||||||||||||||||||||||||||||
CAD Call vs USD Put | Morgan Stanley | 0.981 | 11/12/10 | USD | 25,700,000 | $ | 133,640 | $ | (14,848 | ) | ||||||||||||||||||||
Currency Option OTC | ||||||||||||||||||||||||||||||
EUR Call vs USD Put | Morgan Stanley | 1.450 | 01/21/11 | USD | 103,600,000 | 1,175,860 | (1,047,778 | ) | ||||||||||||||||||||||
Currency Option OTC | ||||||||||||||||||||||||||||||
EUR Put vs USD Call | Morgan Stanley | 1.345 | 12/29/10 | USD | 25,900,000 | 334,628 | (280,591 | ) | ||||||||||||||||||||||
Currency Option OTC | ||||||||||||||||||||||||||||||
EUR Call vs USD Put | Morgan Stanley | 1.429 | 11/12/10 | USD | 12,900,000 | 69,660 | (36,601 | ) | ||||||||||||||||||||||
Currency Option OTC | ||||||||||||||||||||||||||||||
EUR Call vs USD Put | Morgan Stanley | 1.413 | 11/04/10 | USD | 12,700,000 | 68,199 | (33,552 | ) | ||||||||||||||||||||||
Currency Option OTC | ||||||||||||||||||||||||||||||
JPY Call vs USD Put | Morgan Stanley | 79.400 | 11/17/10 | USD | 26,000,000 | 143,000 | (148,556 | ) | ||||||||||||||||||||||
$ | 1,924,987 | $ | (1,561,926 | ) |
AS OF OCTOBER 31, 2010
Shares | | | | | Value | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFFILIATED INVESTMENT COMPANIES: 100.2% | |||||||||||||||||||
1,264,721 | @ | ING Emerging Countries Fund — Class I | $ | 36,714,865 | |||||||||||||||
5,631,440 | ING Index Plus International Equity Fund — Class I | 47,191,471 | |||||||||||||||||
5,075,655 | @ | ING International Capital Appreciation Fund — Class I | 51,213,357 | ||||||||||||||||
1,138,682 | ING International Real Estate Fund — Class I | 10,100,110 | |||||||||||||||||
524,724 | ING International SmallCap Multi-Manager Fund — Class I | 19,761,110 | |||||||||||||||||
1,287,421 | ING International Value Choice Fund — Class I | 14,110,131 | |||||||||||||||||
1,206,764 | ING International Value Fund — Class I | 14,203,613 | |||||||||||||||||
Total Investments in Affiliated Investment Companies | |||||||||||||||||||
(Cost $163,975,692)* | 100.2 | % | $ | 193,294,657 | |||||||||||||||
Other Assets and Liabilities — Net | (0.2 | ) | (456,420 | ) | |||||||||||||||
Net Assets | 100.0 | % | $ | 192,838,237 |
@ | Non-income producing security |
* | Cost for federal income tax purposes is $191,352,770. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 30,572,056 | ||||
Gross Unrealized Depreciation | (28,630,169 | ) | ||||
Net Unrealized Appreciation | $ | 1,941,887 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 10/31/2010 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Affiliated Investment Companies | $ | 193,294,657 | $ | — | $ | — | $ | 193,294,657 | ||||||||||
Total Investments, at value | $ | 193,294,657 | $ | — | $ | — | $ | 193,294,657 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
Fund Name | Type | Per Share Amount | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
ING Global Equity Dividend Fund | ||||||||||
Class A | NII | $ | 0.2513 | |||||||
Class B | NII | $ | 0.1746 | |||||||
Class C | NII | $ | 0.1751 | |||||||
Class I | NII | $ | 0.2909 | |||||||
Class O | NII | $ | 0.2554 | |||||||
Class W | NII | $ | 0.2776 | |||||||
ING Global Natural Resources Fund | ||||||||||
Class A | NII | $ | 0.0238 | |||||||
Class I | NII | $ | 0.0567 | |||||||
Class W | NII | $ | 0.0546 | |||||||
ING Global Real Estate Fund | ||||||||||
Class A | NII | $ | 0.7925 | |||||||
Class B | NII | $ | 0.7073 | |||||||
Class C | NII | $ | 0.7053 | |||||||
Class I | NII | $ | 0.8480 | |||||||
Class O | NII | $ | 0.7907 | |||||||
Class W | NII | $ | 0.8273 | |||||||
ING Global Value Choice Fund | ||||||||||
Class A | NII | $ | 0.1654 | |||||||
Class B | NII | $ | 0.0708 | |||||||
Class C | NII | $ | 0.0751 | |||||||
Class I | NII | $ | 0.2372 | |||||||
Class W | NII | $ | 0.2389 | |||||||
ING Asia-Pacific Real Estate Fund | ||||||||||
Class A | NII | $ | 0.5874 | |||||||
Class B | NII | $ | 0.5464 | |||||||
Class C | NII | $ | 0.5446 | |||||||
Class I | NII | $ | 0.6038 | |||||||
ING European Real Estate Fund | ||||||||||
Class A | NII | $ | 0.6036 | |||||||
Class B | NII | $ | 0.5660 | |||||||
Class C | NII | $ | 0.5501 | |||||||
Class I | NII | $ | 0.6251 | |||||||
ING Greater China Fund | ||||||||||
Class A | NII | $ | 0.2110 | |||||||
Class B | NII | $ | 0.1204 | |||||||
Class C | NII | $ | 0.1571 | |||||||
Class I | NII | $ | 0.2675 | |||||||
Class O | NII | $ | 0.2343 | |||||||
ING Index Plus International Equity Fund | ||||||||||
Class A | NII | $ | 0.1471 | |||||||
Class B | NII | $ | 0.0835 | |||||||
Class C | NII | $ | 0.0925 | |||||||
Class I | NII | $ | 0.1594 | |||||||
Class O | NII | $ | 0.1473 | |||||||
ING International Real Estate Fund | ||||||||||
Class A | NII | $ | 0.6229 | |||||||
Class B | NII | $ | 0.5581 | |||||||
Class C | NII | $ | 0.5602 | |||||||
Class I | NII | $ | 0.6472 | |||||||
Class W | NII | $ | 0.6420 | |||||||
ING International SmallCap Multi-Manager Fund | ||||||||||
Class A | NII | $ | 0.4009 | |||||||
Class B | NII | $ | 0.1300 | |||||||
Class C | NII | $ | 0.2350 | |||||||
Class I | NII | $ | 0.5501 | |||||||
Class O | NII | $ | 0.4651 | |||||||
Class W | NII | $ | 0.5391 | |||||||
ING International Value Fund | ||||||||||
Class A | NII | $ | 0.1727 | |||||||
Class B | NII | $ | 0.0442 | |||||||
Class C | NII | $ | 0.1053 | |||||||
Class I | NII | $ | 0.2233 | |||||||
Class W | NII | $ | 0.2208 | |||||||
ING International Value Choice Fund | ||||||||||
Class A | NII | $ | 0.0640 | |||||||
Class B | NII | $ | 0.0089 | |||||||
Class C | NII | $ | 0.0089 | |||||||
Class I | NII | $ | 0.0808 | |||||||
Class W | NII | $ | 0.0829 | |||||||
ING Global Bond Fund | ||||||||||
Class A | NII | $ | 0.7148 | |||||||
Class B | NII | $ | 0.6253 | |||||||
Class C | NII | $ | 0.6287 | |||||||
Class I | NII | $ | 0.7550 | |||||||
Class O | NII | $ | 0.7143 | |||||||
Class W | NII | $ | 0.7456 | |||||||
All Classes | STCG | $ | 0.0465 | |||||||
ING Diversified International Fund | ||||||||||
Class A | NII | $ | 0.0579 | |||||||
Class B | NII | $ | 0.0004 | |||||||
Class C | NII | $ | — | |||||||
Class I | NII | $ | 0.0772 | |||||||
Class O | NII | $ | 0.0800 | |||||||
Class R | NII | $ | 0.0417 | |||||||
Class W | NII | $ | 0.0914 | |||||||
All Classes | ROC | $ | 0.0109 |
Global Equity Dividend | 69.21 | % | ||||
Global Natural Resources | 100.00 | % | ||||
Global Value Choice | 41.43 | % | ||||
International SmallCap Multi-Manager | 0.29 | % | ||||
International Value | 1.24 | % | ||||
International Value Choice | 11.90 | % | ||||
Diversified International | 3.33 | % |
Global Equity Dividend | 100.00 | % | ||||
Global Natural Resources | 100.00 | % | ||||
Global Value Choice | 91.07 | % | ||||
Asia-Pacific Real Estate | 11.16 | % | ||||
European Real Estate | 27.00 | % | ||||
Global Opportunities | 100.00 | % | ||||
Greater China | 16.80 | % | ||||
Index Plus International Equity | 100.00 | % | ||||
International Capital Appreciation | 100.00 | % | ||||
International Real Estate | 21.16 | % | ||||
International SmallCap Multi-Manager | 100.00 | % | ||||
International Value | 100.00 | % | ||||
International Value Choice | 100.00 | % | ||||
Diversified International | 100.00 | % |
Global Natural Resources | 0.40 | % | ||||
Global Value Choice | 2.67 | % | ||||
Asia-Pacific Real Estate | 0.50 | % | ||||
Index Plus International Equity | 0.03 | % | ||||
International Real Estate | 0.58 | % | ||||
International SmallCap Multi-Manager | 1.37 | % | ||||
International Value | 1.58 | % | ||||
Global Bond | 42.09 | % |
Creditable Foreign Taxes Paid | Per Share Amount | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income* | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Equity Dividend | $ | 288,273 | $ | 0.0206 | 100.00% | |||||||||
Global Value Choice | $ | 363,952 | $ | 0.0235 | 36.91% | |||||||||
Asia-Pacific Real Estate | $ | 2,647 | $ | 0.0026 | 35.94% | |||||||||
Emerging Countries | $ | 218,137 | $ | 0.0340 | 53.63% | |||||||||
European Real Estate | $ | 8,574 | $ | 0.0136 | 38.06% | |||||||||
Global Opportunities | $ | 360,330 | $ | 0.0398 | 66.80% | |||||||||
Greater China | $ | 102,781 | $ | 0.0372 | 75.22% | |||||||||
Index Plus International Equity | $ | 256,139 | $ | 0.0155 | 99.91% | |||||||||
International Capital Appreciation | $ | 171,293 | $ | 0.0167 | 97.84% | |||||||||
International Real Estate | $ | 627,841 | $ | 0.0087 | 42.99% | |||||||||
International SmallCap Multi-Manager | $ | 754,273 | $ | 0.0659 | 97.35% | |||||||||
International Value | $ | 3,747,475 | $ | 0.0352 | 99.78% | |||||||||
International Value Choice | $ | 106,643 | $ | 0.0250 | 100.00% | |||||||||
Russia | $ | 558,366 | $ | 0.0479 | 97.32% |
* | None of the funds listed above derived any income from ineligible foreign sources as defined under Section 901(j) of the Internal Revenue Code. |
1 | To vote on the appointment of ING Investment Management Co. (“ING IM”) as the sub-adviser to the Fund and the implementation of the sub-advisory agreement for the Fund between ING Investments, LLC, the Fund’s investment adviser, and ING IM. |
Proposal | Shares voted for | Shares voted against or withheld | Shares abstained | Broker non-vote | Total Shares Voted | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ING Index Plus International Equity Fund | 1 | 10,023,939.142 | 888,595.352 | 744,734.825 | — | 11,657,269.319 |
* Proposal Passed
Name, Address and Age | Position(s) Held with the Company/Trust | Term of Office and Length of Time Served(1) | Principal Occupation(s) During the Past 5 Years | Number of Funds in Fund Complex Overseen by Director(2) | Other Directorships/ Trusteeships Held by Director/Trustee | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Colleen D. Baldwin 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 50 | Director/ Trustee | IMF November 2007–Present IMT December 2007–Present | President, Glantuam Partners, LLC (January 2009–Present); and Consultant (January 2005–Present). | 137 | None. | |||||||||||||||||
John V. Boyer(4) 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 57 | Director/ Trustee | January 2005–Present | President and Chief Executive Officer, Bechtler Arts Foundation (January 2008–Present). Formerly, Consultant (July 2007–February 2008); President and Chief Executive Officer, Franklin and Eleanor Roosevelt Institute (March 2006–July 2007); and Executive Director, The Mark Twain House & Museum (September 1989–March 2006). | 137 | None. | |||||||||||||||||
Patricia W. Chadwick 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 62 | Director/ Trustee | January 2006–Present | Consultant and President, Ravengate Partners LLC, a consulting firm that provides advice regarding financial markets and the global economy (January 2000 –Present). | 137 | Wisconsin Energy Corporation (June 2006–Present) and The Royce Fund (2009–Present). | |||||||||||||||||
Peter S. Drotch 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 68 | Director/ Trustee | IMF November 2007–Present IMT December 2007–Present | Retired. | 137 | First Marblehead Corporation (September 2003–Present) and BlackRock Funds (February 2005–January 2007). | |||||||||||||||||
J. Michael Earley 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 65 | Director/ Trustee | February 2002– Present | Retired. Formerly, President and Chief Executive Officer, Bankers Trust Company, N.A., Des Moines (June 1992–December 2008). | 137 | Bankers Trust Company, N.A. Des Moines (June 1992–June 2009) and Midamerica Financial Corporation (December 2002– December 2009). | |||||||||||||||||
Patrick W. Kenny 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 67 | Director/ Trustee | January 2005– Present | Retired. Formerly, President and Chief Executive Officer, International Insurance Society (June 2001– June 2009). | 137 | Assured Guaranty Ltd. (April 2004–Present) and Odyssey Re Holdings Corp (November 2006–October 2009). | |||||||||||||||||
Sheryl K. Pressler 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 59 | Director/ Trustee | January 2006– Present | Consultant (May 2001 –Present). | 137 | Stillwater Mining Company (May 2002–Present). | |||||||||||||||||
Roger B. Vincent 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 65 | Chairman and Director/ Trustee | February 2002 –Present | President, Springwell Corporation, a corporate finance firm (March 1989–Present). | 137 | UGI Corporation (February 2006–Present); UGI Utilities, Inc. (February 2006–Present) and AmeriGas Partners L.P. (February 1998–February 2006). |
Name, Address and Age | Position(s) Held with the Company/Trust | Term of Office and Length of Time Served(1) | Principal Occupation(s) During the Past 5 Years | Number of Funds in Fund Complex Overseen by Director(2) | Other Directorships/ Trusteeships Held by Director/Trustee | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interested Directors/Trustees | |||||||||||||||||||||||
Robert W. Crispin(5) 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 63 | Director/ Trustee | IMF November 2007–Present IMT December 2007–Present | Retired. Chairman and Chief Executive Officer, ING Investment Management Co. (June 2001–December 2007). | 137 | Intact Financial Corporation (December 2004–Present). | ||||||||||||||||||
Shaun P. Mathews(3)(5) 7337 E. Doubletree Ranch Rd. Scottsdale, Arizona 85258 Age: 55 | Director/ Trustee | IMF November 2007–Present IMT December 2007–Present | President and Chief Executive Officer, ING Investments, LLC(6) (November 2006–Present). Formerly, Head of ING Mutual Funds and Investment Products (November 2004–November 2006). | 174 | ING Retirement Holdings, Inc. (September 1998–Present); ING Services Holding Company, Inc. (May 2000–Present); ING Financial Advisers, LLC (April 2002–Present); Southland Life Insurance Company (June 2002–Present); ING Capital Corporation, LLC and ING Investments Distributor, LLC(7) (December 2005–Present); ING Funds Services, LLC(8), ING Investments, LLC and ING Pilgrim Funding, Inc. (March 2006–Present); and Directed Services LLC (December 2006– Present)(9). |
(1) | The tenure of each Director/Trustee is subject to the Board’s retirement policy, which states that each Independent Director/Trustee shall retire from service as a Director/Trustee at the conclusion of the first regularly scheduled meeting of the Board that is held after the Director/Trustee reaches the age of 72. A unanimous vote of the Board may extend the retirement date of a Director/Trustee for up to one year. An extension may be permitted if the retirement would trigger a requirement to hold a meeting of shareholders of the Fund under applicable law, whether for purposes of appointing a successor to the Director/Trustee or if otherwise necessary under applicable law, in which case the extension would apply until such time as the shareholder meeting can be held or is no longer needed. |
(2) | For the purposes of this table (except for Mr. Mathews), “Fund Complex” means the following investment companies: ING Asia Pacific High Dividend Equity Income Fund, ING Emerging Markets High Dividend Equity Fund; ING Equity Trust; ING Funds Trust; ING Global Equity Dividend and Premium Opportunity Fund; ING Global Advantage and Premium Opportunity Fund; ING International High Dividend Equity Income Fund; ING Investors Trust; ING Mayflower Trust; ING Mutual Funds; ING Prime Rate Trust; ING Risk Managed Natural Resources Fund; ING Senior Income Fund; ING Separate Portfolios Trust; ING Variable Insurance Trust; ING Variable Products Trust; and ING Partners, Inc. |
(3) | For Mr. Mathews, the Fund Complex also includes the following investment companies: ING Series Fund, Inc.; ING Strategic Allocation Portfolios, Inc.; ING Variable Funds; ING Variable Portfolios, Inc.; ING Balanced Portfolio, Inc.; ING Intermediate Bond Portfolio; and ING Money Market Portfolio. |
(4) | Mr. Boyer held a seat on the Board of Directors of The Mark Twain House & Museum from September 1989 to November 2005. ING Groep N.V. makes non-material, charitable contributions to The Mark Twain House & Museum. |
(5) | Messrs. Mathews and Crispin are deemed to be “interested persons” of the Fund as defined in the 1940 Act because of their relationship with ING Groep, N.V., the parent corporation of the Manager, ING Investment Manager. |
(6) | ING Investments, LLC was previously named ING Pilgrim Investments, LLC. ING Pilgrim Investments, LLC is the successor in interest to ING Pilgrim Investments, Inc., which was previously known as Pilgrim Investments, Inc. and before it was known as Pilgrim America Investments, Inc. |
(7) | ING Investments Distributor LLC is the successor in interest to ING Funds Distributor, LLC which was previously know as ING Funds Distributor, Inc., and prior to that ING Pilgrim Securities, Inc., and before that, was known as Pilgrim Securities, Inc., and before that was known as Pilgrim America Securities, Inc. |
(8) | ING Funds Services, LLC was previously named ING Pilgrim Group, LLC. ING Pilgrim Group, LLC is the successor in interest to ING Pilgrim Group, Inc., which was previously known as Pilgrim Group, Inc. and before that was known as Pilgrim America Group, Inc. |
(9) | Directed Services LLC is the successor in interest to Directed Services, Inc. |
Name, Address and Age | Position(s) Held With Company/Trust | Term of Office and Length of Time Served(1) | Principal Occupation(s)— During the Past 5 Years | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shaun P. Mathews(5) 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 55 | President and Chief Executive Officer | November 2006–Present | President and Chief Executive Officer, ING Investments, LLC (November 2006–Present). Formerly, Head of ING Mutual Funds and Investment Products (November 2004–November 2006). | |||||||||||
Michael J. Roland 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 52 | Executive Vice President | February 2002–Present | Executive Vice President and Chief Operating Officer, ING Investments, LLC(2) and ING Funds Services, LLC(3) (January 2007–Present). Formerly, Executive Vice President, Head of Product Management (January 2005–January 2007); Chief Compliance Officer, ING Investments, LLC(2) and Directed Services LLC(6) (October 2004–December 2005). | |||||||||||
Stanley D. Vyner 230 Park Avenue New York, New York 10169 Age: 60 | Executive Vice President and Chief Investment Risk Officer | IMF May 1999–Present; IMT November 1999– Present September 2009–Present | Executive Vice President, ING Investments, LLC(2) (July 2000–Present) and Chief Investment Risk Officer, ING Investments, LLC(2) (January 2003–Present). | |||||||||||
Joseph M. O’Donnell 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 55 | Executive Vice President and Chief Compliance Officer | March 2006–Present November 2004–Present | Chief Compliance Officer of the ING Funds (November 2004–Present); Executive Vice President of the ING Funds (March 2006–Present); Chief Compliance Officer of ING Investments, LLC(2) (March 2006–July 2008 and October 2009–Present); and Investment Advisor Chief Compliance Officer, Directed Services LLC(6) (March 2006–July 2008 and October 2009–Present). Formerly, Investment Advisor Chief Compliance Officer, ING Life Insurance and Annuity Company (March 2006–December 2006). | |||||||||||
Todd Modic 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | Senior Vice President, Chief/Principal Financial Officer and Assistant Secretary | March 2005–Present | Senior Vice President, ING Funds Services, LLC(3) (March 2005–Present). | |||||||||||
Kimberly A. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 46 | Senior Vice President | November 2003–Present | Senior Vice President, ING Investments, LLC(2) (October 2003– Present). | |||||||||||
Robert Terris 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 40 | Senior Vice President | May 2006–Present | Senior Vice President, Head of Division Operations, ING Funds Services, LLC(3) (May 2006–Present). Formerly, Vice President of Administration, ING Funds Services, LLC(3) (October 2001–May 2006). | |||||||||||
Robyn L. Ichilov 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 43 | Vice President and Treasurer | IMF May 1999–Present IMT November 1999– Present | Vice President and Treasurer, ING Funds Services, LLC(3) (November 1995–Present) and ING Investments, LLC(2) (August 1997–Present). |
Name, Address and Age | Position(s) Held With Company/Trust | Term of Office and Length of Time Served(1) | Principal Occupation(s)— During the Past 5 Years | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Lauren D. Bensinger 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 56 | Vice President | February 2003–Present | Vice President, ING Investments, LLC(2) and ING Funds Services, LLC(3) (February 1996–Present); Director of Compliance, ING Investments, LLC(2) (October 2004–Present); and Vice President and Money Laundering Reporting Officer, ING Funds Distributor, LLC(4) (April 2010–Present);. Formerly, Chief Compliance Officer, ING Funds Distributor, LLC (4) (August 1995–April 2010). | |||||||||||
William Evans 10 State House Square Hartford, Connecticut 06103 Age: 38 | Vice President | September 2007–Present | Senior Vice President (March 2010–Present) and Head of Manager Research and Selection Group (April 2007–Present). Formerly, Vice President, U.S. Mutual Funds and Investment Products (May 2005–April 2007). | |||||||||||
Maria M. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 52 | Vice President | September 2004–Present | Vice President, ING Funds Services, LLC(3) (September 2004–Present). | |||||||||||
Denise Lewis 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 47 | Vice President | January 2007–Present | Vice President, ING Funds Services, LLC (December 2006–Present). Formerly, Senior Vice President, UMB Investment Services Group, LLC (November 2003–December 2006). | |||||||||||
Kimberly K. Springer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 53 | Vice President | March 2006–Present | Vice President, ING Investment Management–ING Funds (March 2010–Present); Vice President, ING Funds Services, LLC(3) (March 2006–Present) and Managing Paralegal, Registration Statements (June 2003–Present). Formerly, Assistant Vice President, ING Funds Services, LLC(3) (August 2004–March 2006). | |||||||||||
Craig Wheeler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 41 | Assistant Vice President | May 2008–Present | Assistant Vice President–Director of Tax, ING Funds Services (March 2008–Present). Formerly, Tax Manager, ING Funds Services (March 2005–March 2008). | |||||||||||
Huey P. Falgout, Jr. 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 46 | Secretary | August 2003–Present | Senior Vice President and Chief Counsel, ING Investment Management–ING Funds (March 2010–Present). Formerly, Chief Counsel, ING Americas, U.S. Legal Services (October 2003–March 2010). | |||||||||||
Theresa K. Kelety 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 47 | Assistant Secretary | August 2003–Present | Vice President and Senior Counsel, ING Investment Management–ING Funds (March 2010–Present). Formerly, Senior Counsel, ING Americas, U.S. Legal Services (April 2008–March 2010) and Counsel, ING Americas, U.S. Legal Services (April 2003–April 2008). | |||||||||||
Kathleen Nichols 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 35 | Assistant Secretary | May 2008–Present | Vice President and Counsel, ING Investment Management–ING Funds (March 2010–Present). Formerly, Counsel, ING Americas, U.S. Legal Services (February 2008–March 2010) and Associate, Ropes & Gray LLP (September 2005–February 2008). |
Name, Address and Age | Position(s) Held With Company/Trust | Term of Office and Length of Time Served(1) | Principal Occupation(s)— During the Past 5 Years | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Paul Caldarelli 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 59 | Assistant Secretary | June 2010–Present | Vice President and Senior Counsel, ING Investment Management—ING Funds (March 2010–Present). Formerly, Senior Counsel, ING Americas, U.S. Legal Services (April 2008–March 2010) and Counsel, ING Americas, U.S. Legal Services (May 2005–April 2008). |
(1) | The officers hold office until the next annual meeting of the Trustees and until their successors shall have been elected and qualified. |
(2) | ING Investments, LLC was previously named ING Pilgrim Investments, LLC. ING Pilgrim Investments, LLC is the successor in interest to ING Pilgrim Investments, Inc., which was previously known as Pilgrim Investments, Inc. and before that was known as Pilgrim America Investments, Inc. |
(3) | ING Funds Services, LLC was previously named ING Pilgrim Group, LLC. ING Pilgrim Group, LLC is the successor in interest to ING Pilgrim Group, Inc., which was previously known as Pilgrim Group, Inc. and before that was known as Pilgrim America Group, Inc. |
(4) | ING Investments Distributor LLC is the successor in interest to ING Funds Distributor, LLC which was previously know as ING Funds Distributor, Inc., and prior to that ING Pilgrim Securities, Inc., and before that, was known as Pilgrim Securities, Inc., and before that was known as Pilgrim America Securities, Inc. |
(5) | Mr. Mathews commenced services as CEO and President of the ING Funds on November 11, 2006. |
(6) | Directed Services LLC is the successor in interest to Directed Services, Inc. |
advisory fee rate payable by the Adviser to ING IM is reasonable in the context of all factors considered by the Board; and (3) ING IM maintains an appropriate compliance program, with this conclusion based upon, among other things, a representation from the Fund’s Chief Compliance Officer that ING IM’s compliance policies and procedures are reasonably designed to assure compliance with the Federal securities laws. Based on these conclusions and other factors, the Board voted to approve the Interim Agreement and Sub-Advisory Contract for the Fund. During their deliberations, different Board members may have given different weight to different individual factors and related conclusions.
ING Core Equity Research Fund
ING Real Estate Fund
ING Capital Allocation Fund
ING Corporate Leaders 100 Fund
ING Equity Dividend Fund
ING Growth Opportunities Fund
ING MidCap Opportunities Fund
ING Small Company Fund
ING SmallCap Opportunities Fund
ING Tactical Asset Allocation Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus SmallCap Fund
ING Value Choice Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING Intermediate Bond Fund
ING Global Equity Dividend Fund
ING Global Natural Resources Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING Alternative Beta Fund
ING Asia-Pacific Real Estate Fund
ING Emerging Countries Fund
ING European Real Estate Fund
ING Global Opportunities Fund
ING Greater China Fund
ING Index Plus International Equity Fund
ING International Capital Appreciation Fund
ING International Real Estate Fund
ING International SmallCap Multi-Manager Fund
ING International Value Fund
ING International Value Choice Fund
ING Russia Fund
ING Global Bond Fund
ING Diversified International Fund
ING Global Target Payment Fund
ING Senior Income Fund
ING Floating Rate Fund
ING Money Market Fund
ING Classic Money Market Fund
* | An investment in the funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. |
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.
(formerly, PNC Global Investment Servicing (U.S.) Inc.)
301 Bellevue Parkway
Wilmington, Delaware 19809
KPMG LLP
Two Financial Center
60 South Street
Boston, Massachusetts 02111
The Bank of New York Mellon
One Wall Street
New York, New York 10286
Dechert LLP
1775 I Street, N.W.
Washington, D.C. 20006
![](https://capedge.com/proxy/N-CSR/0001145443-11-000022/ing-logo.jpg)
(a) | Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by KPMG LLP (“KPMG”), the principal accountant for the audit of the registrant’s annual financial statements, for services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $74,358 for year ended October 31, 2010 and $114,170 for year ended October 31, 2009. | |
(b) | Audit-Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by KPMG that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $2,150 for the year ended October 31, 2010 and $2,150 for the year ended October 31, 2009. | |
(c) | Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by KPMG for tax compliance, tax advice, and tax planning were $1,904 in the year ended October 31, 2010 and $22,306 in the year ended October 31, 2009. Such services induced review of excise distribution calculations (if applicable), preparation of the Funds’ federal, state and excise tax returns, tax services related to mergers and routine consulting. | |
(d) | All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by KPMG, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the year ended October 31, 2010 and $2,500 for the year ended October 31, 2009. | |
(e) | (1) Audit Committee Pre-Approval Policies and Procedures |
AUDIT AND NON-AUDIT SERVICES
PRE-APPROVAL POLICY
I.
Statement of Principles
Under the Sarbanes-Oxley Act of 2002 (the “Act”), the Audit Committee of the Board of Directors or Trustees (the “Committee”) of the ING Funds (each a “Fund,” collectively, the “Funds”) set out on Exhibit A to this Audit and Non-Audit Services Pre-Approval Policy (“Policy”) is responsible for the oversight of the work of the Funds’ independent auditors. As part of its responsibilities, the Committee must pre-approve the audit and non-audit services performed by the auditors in order to assure that the provision of these services does not impair the auditors’ independence from the Funds. The Committee has adopted, and the Board has ratified, this Policy, which sets out the procedures and conditions under which the services of the independent auditors may be pre-approved.
Under Securities and Exchange Commission (“SEC”) rules promulgated in accordance with the Act, the Funds may establish two different approaches to pre-approving audit and non-audit services. The Committee may approve services without consideration of specific case-by-case services (“general pre-approval”) or it may pre-approve specific services (“specific pre-approval”). The Committee believes that the combination of these approaches contemplated in this Policy results in an effective and efficient method for pre-approving audit and non-audit services to be performed by the Funds’ independent auditors. Under this Policy, services that are not of a type that may receive general pre-approval require specific pre-approval by the Committee. Any proposed services that exceed pre-approved cost levels or budgeted amounts will also require the Committee’s specific pre-approval.
For both types of approval, the Committee considers whether the subject services are consistent with the SEC’s rules on auditor independence and that such services are compatible with maintaining the auditors independence. The Committee also considers whether a particular audit firm is in the best position to provide effective and efficient services to the Funds. Reasons that the auditors are in the best position include the auditors’ familiarity with the Funds’ business, personnel, culture, accounting systems, risk profile, and other factors, and whether the services will enhance the Funds’ ability to manage and control risk or improve audit quality. Such factors will be considered as a whole, with no one factor being determinative.
The appendices attached to this Policy describe the audit, audit-related, tax-related, and other services that have the Committee’s general pre-approval. For any service that has been approved through general pre-approval, the general pre-approval will remain in place for a period 12 months from the date of pre-approval, unless the Committee determines that a different period is appropriate. The Committee will annually review and pre-approve the services that may be provided by the independent auditors without specific pre-approval. The Committee will revise the list of services subject to general pre-approval as appropriate. This Policy does not serve as a delegation to Fund management of the Committee’s duty to pre-approve services performed by the Funds’ independent auditors.
II.
Audit Services
The annual audit services engagement terms and fees are subject to the Committee’s specific pre-approval. Audit services are those services that are normally provided by auditors in connection with statutory and regulatory filings or engagements or those that generally only independent auditors can reasonably provide. They include the Funds’ annual financial statement audit and procedures that the independent auditors must perform in order to form an opinion on the Funds’ financial statements (e.g., information systems and procedural reviews and testing). The Committee will monitor the audit services engagement and approve any changes in terms, conditions or fees deemed by the Committee to be necessary or appropriate.
The Committee may grant general pre-approval to other audit services, such as statutory audits and services associated with SEC registration statements, periodic reports and other documents filed with the SEC or issued in connection with securities offerings.
The Committee has pre-approved the audit services listed on Appendix A. The Committee must specifically approve all audit services not listed on Appendix A.
III.
Audit-related Services
Audit-related services are assurance and related services that are reasonably related to the performance of the audit or the review of the Funds’ financial statements or are traditionally performed by the independent auditors. The Committee believes that the provision of audit-related services will not impair the independent auditors’ independence, and therefore may grant pre-approval to audit-related services. Audit-related services include accounting consultations related to accounting, financial reporting or disclosure matters not classified as “audit services;” assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities; agreed-upon or expanded audit procedures relating to accounting and/or billing records required to respond to or comply with financial, accounting or regulatory reporting matters; and assistance with internal control reporting requirements under Form N-SAR or Form N-CSR.
The Committee has pre-approved the audit-related services listed on Appendix B. The Committee must specifically approve all audit-related services not listed on Appendix B.
IV.
Tax Services
The Committee believes the independent auditors can provide tax services to the Funds, including tax compliance, tax planning, and tax advice, without compromising the auditors’ independence. Therefore, the Committee may grant general pre-approval with respect to tax services historically provided by the Funds’ independent auditors that do not, in the Committee’s view, impair auditor independence and that are consistent with the SEC’s rules on auditor independence.
The Committee will not grant pre-approval if the independent auditors initially recommends a transaction the sole business purpose of which is tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations. The Committee may consult
2
outside counsel to determine that tax planning and reporting positions are consistent with this Policy.
The Committee has pre-approved the tax-related services listed on Appendix C. The Committee must specifically approve all tax-related services not listed on Appendix C.
V.
Other Services
The Committee believes it may grant approval of non-audit services that are permissible services for independent auditors to a Fund. The Committee has determined to grant general pre-approval to other services that it believes are routine and recurring, do not impair auditor independence, and are consistent with SEC rules on auditor independence.
The Committee has pre-approved the non-audit services listed on Appendix D. The Committee must specifically approve all non-audit services not listed on Appendix D.
A list of the SEC’s prohibited non-audit services is attached to this Policy as Appendix E. The SEC’s rules and relevant guidance should be consulted to determine the precise definitions of these impermissible services and the applicability of exceptions to certain of the SEC’s prohibitions.
VI.
Pre-approval of Fee levels and Budgeted Amounts
The Committee will annually establish pre-approval fee levels or budgeted amounts for audit, audit-related, tax and non-audit services to be provided to the Funds by the independent auditors. Any proposed services exceeding these levels or amounts require the Committee’s specific pre-approval. The Committee considers fees for audit and non-audit services when deciding whether to pre-approve services. The Committee may determine, for a pre-approval period of 12 months, the appropriate ratio between the total amount of fees for the Fund’s audit, audit-related, and tax services (including fees for services provided to Fund affiliates that are subject to pre-approval), and the total amount of fees for certain permissible non-audit services for the Fund classified as other services (including any such services provided to Fund affiliates that are subject to pre-approval).
VII.
Procedures
Requests or applications for services to be provided by the independent auditors will be submitted to management. If management determines that the services do not fall within those services generally pre-approved by the Committee and set out in the appendices to these procedures, management will submit the services to the Committee or its delagee. Any such submission will include a detailed description of the services to be rendered. Notwithstanding this paragraph, the Committee will, on a quarterly basis, receive from the independent auditors a list of services provided for the previous calendar quarter on a cumulative basis by the auditors during the Pre-Approval Period.
3
VIII.
Delegation
The Committee may delegate pre-approval authority to one or more of the Committee’s members. Any member or members to whom such pre-approval authority is delegated must report any pre-approval decisions, including any pre-approved services, to the Committee at its next scheduled meeting. The Committee will identify any member to whom pre-approval authority is delegated in writing. The member will retain such authority for a period of 12 months from the date of pre-approval unless the Committee determines that a different period is appropriate. The period of delegated authority may be terminated by the Committee or at the option of the member.
IX.
Additional Requirements
The Committee will take any measures the Committee deems necessary or appropriate to oversee the work of the independent auditors and to assure the auditors’ independence from the Funds. This may include reviewing a formal written statement from the independent auditors delineating all relationships between the auditors and the Funds, consistent with Independence Standards Board No. 1, and discussing with the auditors their methods and procedures for ensuring independence.
Effective April 23, 2008, the KPMG LLP (“KPMG”) audit team for the ING Funds accepted the global responsibility for monitoring the auditor independence for KPMG relative to the ING Funds. Using a proprietary system called Sentinel, the audit team is able to identify and manage potential conflicts of interest across the member firms of the KPMG International Network and prevent the provision of prohibited services to the ING entities that would impair KPMG independence with the respect to the ING Funds. In addition to receiving pre-approval from the ING Funds Audit Committee for services provided to the ING Funds and for services for ING entities in the Investment Company Complex, the audit team has developed a process for periodic notification via email to the ING Funds’ Audit Committee Chairpersons regarding requests to provide services to ING Groep NV and its affiliates from KPMG offices worldwide. Additionally, KPMG provides a quarterly summary of the fees for services that have commenced for ING Groep NV and Affiliates at each Audit Committee Meeting.
4
Last Approved: November 11, 2009
5
Appendix A
Pre-Approved Audit Services for the Pre-Approval Period January 1, 2010 through December 31, 2010
Service | ||
| The Fund(s) | Fee Range |
Statutory audits or financial audits (including tax services associated with audit services) | √ | As presented to Audit Committee1 |
Services associated with SEC registration statements, periodic reports and other documents filed with the SEC or other documents issued in connection with securities offerings (e.g., consents), and assistance in responding to SEC comment letters. | √ | Not to exceed $9,750 per filing |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. | √ | Not to exceed $8,000 during the Pre-Approval Period |
Seed capital audit and related review and issuance of consent on the N-2 registration statement | √ | Not to exceed $12,600 per audit |
_________________________
1
For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved will be the same as those
for existing Funds, pro-rated in accordance with inception dates as provided in the auditors’ Proposal or any
Engagement Letter covering the period at issue. Fees in the Engagement Letter will be controlling.
6
Appendix B
Pre-Approved Audit-Related Services for the Pre-Approval Period January 1, 2010 through December 31, 2010
Service | |||
| The Fund(s) | Fund Affiliates | Fee Range |
Services related to Fund mergers (Excludes tax services - See Appendix C for tax services associated with Fund mergers) | √ | √ | Not to exceed |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. [Note: Under SEC rules some consultations may be “audit” services and others may be “audit-related” services.] | √ |
| Not to exceed |
Review of the Funds’ semi-annual financial statements | √ |
| Not to exceed |
Reports to regulatory or government agencies related to the annual engagement | √ |
| Up to $5,000 per |
Regulatory compliance assistance | √ | √ | Not to exceed |
Training courses |
| √ | Not to exceed |
For Prime Rate Trust, agreed upon procedures for quarterly reports to rating agencies | √ |
| Not to exceed |
For Prime Rate Trust and Senior Income Fund, agreed upon procedures for the Revolving Credit and Security Agreement with Citigroup | √ |
| Not to exceed |
7
Appendix C
Pre-Approved Tax Services for the Pre-Approval Period January 1, 2010 through December 31, 2010
Service | |||
| The Fund(s) | Fund Affiliates | Fee Range |
Preparation of federal and state income tax returns and federal excise tax returns for the Funds including assistance and review with excise tax distributions | √ |
| As presented |
Review of IRC Sections 851(b) and 817(h) diversification testing on a real-time basis | √ |
| As presented |
Assistance and advice regarding year-end reporting for 1099’s | √ |
| As presented |
Tax assistance and advice regarding statutory, regulatory or administrative developments | √ | √ | Not to exceed |
_________________________
2
For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved
will be the same as those for existing Funds, pro-rated in accordance with inception
dates as provided in the auditors’ Proposal or any Engagement Letter covering the
period at issue. Fees in the Engagement Letter will be controlling.
8
Appendix C, continued
Service | |||
| The Fund(s) | Fund Affiliates | Fee Range |
Tax training courses |
| √ | Not to exceed |
Tax services associated with Fund mergers | √ | √ | Not to exceed |
Other tax-related assistance and consultation, including, without limitation, assistance in evaluating derivative financial instruments and international tax issues, qualification and distribution issues, and similar routine tax consultations. | √ |
| Not to exceed |
9
Appendix D
Pre-Approved Other Services for the Pre-Approval Period January 1, 2010 through December 31, 2010
Service | |||
| The Fund(s) | Fund Affiliates | Fee Range |
Agreed-upon procedures for Class B share 12b-1 programs |
| √ | Not to exceed |
Security counts performed pursuant to Rule 17f-2 of the 1940 Act (i.e., counts for Funds holding securities with affiliated sub-custodians) Cost to be borne 50% by the Funds and 50% by ING Investments, LLC. | √ | √ | Not to exceed |
Agreed upon procedures for 15 (c) FACT Books | √ |
| Not to exceed |
10
Appendix E
Prohibited Non-Audit Services
Dated:
January 1, 2010
·
Bookkeeping or other services related to the accounting records or financial statements of the Funds
·
Financial information systems design and implementation
·
Appraisal or valuation services, fairness opinions, or contribution-in-kind reports
·
Actuarial services
·
Internal audit outsourcing services
·
Management functions
·
Human resources
·
Broker-dealer, investment adviser, or investment banking services
·
Legal services
·
Expert services unrelated to the audit
·
Any other service that the Public Company Accounting Oversight Board determines, by regulation, is impermissible
11
EXHIBIT A
ING EQUITY TRUST
ING FUNDS TRUST
ING ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND
ING INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
ING RISK MANAGED NATURAL RESOURCES FUND
ING INVESTORS TRUST
ING MAYFLOWER TRUST
ING MUTUAL FUNDS
ING PARTNERS, INC.
ING PRIME RATE TRUST
ING SENIOR INCOME FUND
ING SEPARATE PORTFOLIOS TRUST
ING VARIABLE INSURANCE TRUST
ING VARIABLE PRODUCTS TRUST
(e)(2) | Percentage of services referred to in 4(b) – (4)(d) that were approved by the audit committee | |
100% of the services were approved by the audit committee. | ||
(f) | Percentage of hours expended attributable to work performed by other than full time employees of KPMG if greater than 50%. | |
Not applicable. | ||
(g) | Non-Audit Fees: The non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser, and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were $1,394,664 for year ended October 31, 2010 and $2,042,810 for year ended October 31, 2009. | |
(h) | Principal Accountants Independence: The Registrant’s Audit committee has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X is compatible with maintaining KPMG’s independence. |
PORTFOLIO OF INVESTMENTS |
ING International Value Fund as of October 31, 2010 |
|
|
|
| Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Value |
|
| COMMON STOCK: |
|
| 96.8% |
|
|
|
| |||||||||||||||
|
|
|
| Australia: |
|
|
|
|
| 0.5% |
|
|
|
|
| ||||||||
|
|
|
| 267,900 |
|
|
|
|
| Australia & New Zealand Banking Group Ltd. |
|
|
|
|
|
|
|
|
|
| $ | 6,535,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6,535,868 |
|
|
|
|
|
|
|
|
|
|
| Bermuda: |
|
|
|
|
| 0.8% |
|
|
|
|
|
|
|
|
|
|
| 316,434 |
|
|
|
|
| Tyco Electronics Ltd. |
|
|
|
|
|
|
|
|
|
|
| 10,024,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10,024,629 |
|
|
|
|
|
|
|
|
|
|
| Brazil: |
|
|
|
|
| 4.1% |
|
|
|
|
|
|
|
|
|
|
| 767,000 |
|
|
|
|
| Banco do Brasil S.A. |
|
|
|
|
|
|
|
|
|
|
| 14,850,109 |
|
|
|
|
| 542,871 |
|
|
|
|
| Centrais Eletricas Brasileiras SA ADR - Class A |
|
|
|
|
|
|
|
|
|
|
| 7,583,908 |
|
|
|
|
| 286,500 |
|
|
|
|
| Gafisa SA ADR |
|
|
|
|
|
|
|
|
|
|
| 4,810,335 |
|
|
|
|
| 160,600 |
|
|
|
|
| Petroleo Brasileiro SA ADR |
|
|
|
|
|
|
|
|
|
|
| 5,009,114 |
|
|
|
|
| 292,654 |
|
| @ |
|
| Tele Norte Leste Participacoes SA ADR |
|
|
|
|
|
|
|
|
|
|
| 4,489,312 |
|
|
|
|
| 220,358 |
|
|
|
|
| Tim Participacoes SA ADR |
|
|
|
|
|
|
|
|
|
|
| 7,108,749 |
|
|
|
|
| 228,371 |
|
|
|
|
| Vivo Participacoes S.A. ADR |
|
|
|
|
|
|
|
|
|
|
| 6,540,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 50,392,072 |
|
|
|
|
|
|
|
|
|
|
| Canada: |
|
|
|
|
| 2.9% |
|
|
|
|
|
|
|
|
|
|
| 136,600 |
|
|
|
|
| Barrick Gold Corp. |
|
|
|
|
|
|
|
|
|
|
| 6,569,094 |
|
|
|
|
| 191,467 |
|
|
|
|
| Loblaw Cos. Ltd. |
|
|
|
|
|
|
|
|
|
|
| 8,181,324 |
|
|
|
|
| 315,300 |
|
|
|
|
| Suncor Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
| 10,092,753 |
|
|
|
|
| 147,300 |
|
|
|
|
| Toronto Dominion Bank |
|
|
|
|
|
|
|
|
|
|
| 10,608,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 35,451,255 |
|
|
|
|
|
|
|
|
|
|
| China: |
|
|
|
|
| 3.8% |
|
|
|
|
|
|
|
|
|
|
| 5,558,000 |
|
|
|
|
| Angang New Steel Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 8,775,304 |
|
|
|
|
| 9,640,000 |
|
|
|
|
| China Construction Bank |
|
|
|
|
|
|
|
|
|
|
| 9,215,874 |
|
|
|
|
| 17,556,000 |
|
|
|
|
| China Railway Group Ltd. |
|
|
|
|
|
|
|
|
|
|
| 14,179,230 |
|
|
|
|
| 4,954,000 |
|
|
|
|
| Dongfeng Motor Group Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 10,775,449 |
|
|
|
|
| 2,614,500 | �� |
|
|
|
| Shimao Property Holdings Ltd. |
|
|
|
|
|
|
|
|
|
|
| 4,331,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 47,277,613 |
|
|
|
|
|
|
|
|
|
|
| Denmark: |
|
|
|
|
| 1.5% |
|
|
|
|
|
|
|
|
|
|
| 97,000 |
|
|
|
|
| Carlsberg A/S |
|
|
|
|
|
|
|
|
|
|
| 10,605,052 |
|
|
|
|
| 283,000 |
|
| @ |
|
| Danske Bank A/S |
|
|
|
|
|
|
|
|
|
|
| 7,517,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 18,122,594 |
|
|
|
|
|
|
|
|
|
|
| Finland: |
|
|
|
|
| 1.1% |
|
|
|
|
|
|
|
|
|
|
| 473,500 |
|
|
|
|
| Fortum OYJ |
|
|
|
|
|
|
|
|
|
|
| 13,429,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 13,429,465 |
|
|
|
|
|
|
|
|
|
|
| France: |
|
|
|
|
| 11.8% |
|
|
|
|
|
|
|
|
|
|
| 237,800 |
|
|
|
|
| Accor S.A. |
|
|
|
|
|
|
|
|
|
|
| 9,758,825 |
|
|
|
|
| 3,330,020 |
|
| @ |
|
| Alcatel S.A. |
|
|
|
|
|
|
|
|
|
|
| 11,707,123 |
|
|
|
|
| 120,200 |
|
|
|
|
| BNP Paribas |
|
|
|
|
|
|
|
|
|
|
| 8,792,139 |
|
|
|
|
| 554,203 |
|
|
|
|
| Carrefour S.A. |
|
|
|
|
|
|
|
|
|
|
| 30,006,542 |
|
|
|
|
| 147,000 |
|
|
|
|
| Compagnie Generale des Etablissements Michelin |
|
|
|
|
|
|
|
|
|
|
| 11,745,648 |
|
|
|
|
| 226,700 |
|
|
|
|
| Credit Agricole S.A. |
|
|
|
|
|
|
|
|
|
|
| 3,718,041 |
|
|
|
|
| 856,335 |
|
|
|
|
| France Telecom S.A. |
|
|
|
|
|
|
|
|
|
|
| 20,546,279 |
|
|
|
|
| 793,328 |
|
| @ |
|
| Natixis |
|
|
|
|
|
|
|
|
|
|
| 4,873,444 |
|
|
|
|
| 374,883 |
|
|
|
|
| Sanofi-Aventis |
|
|
|
|
|
|
|
|
|
|
| 26,265,054 |
|
|
|
|
| 350,504 |
|
|
|
|
| Total S.A. |
|
|
|
|
|
|
|
|
|
|
| 19,079,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 146,492,505 |
|
|
|
|
|
|
|
|
|
|
| Germany: |
|
|
|
|
| 5.0% |
|
|
|
|
|
|
|
|
|
|
| 145,000 |
|
|
|
|
| Allianz AG |
|
|
|
|
|
|
|
|
|
|
| 18,158,030 |
|
|
|
|
| 94,350 |
|
|
|
|
| Deutsche Bank AG |
|
|
|
|
|
|
|
|
|
|
| 5,435,120 |
|
|
|
|
| 1,488,319 |
|
|
|
|
| Deutsche Telekom AG |
|
|
|
|
|
|
|
|
|
|
| 21,560,412 |
|
|
|
|
| 145,945 |
|
|
|
|
| Siemens AG |
|
|
|
|
|
|
|
|
|
|
| 16,654,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 61,808,140 |
|
|
|
|
|
|
|
|
|
|
| Hong Kong: |
|
|
|
|
| 2.4% |
|
|
|
|
|
|
|
|
|
|
| 2,022,000 |
|
|
|
|
| HongKong Electric Holdings |
|
|
|
|
|
|
|
|
|
|
| 12,854,433 |
|
|
|
|
| 5,783,413 |
|
|
|
|
| Sino Land Co. |
|
|
|
|
|
|
|
|
|
|
| 12,125,212 |
|
|
|
|
| 1,163,500 |
|
|
|
|
| Yue Yuen Industrial Holdings |
|
|
|
|
|
|
|
|
|
|
| 4,173,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 29,152,961 |
|
|
|
|
|
|
|
|
|
|
| Israel: |
|
|
|
|
| 1.3% |
|
|
|
|
|
|
|
|
|
|
| 299,500 |
|
|
|
|
| Teva Pharmaceutical Industries Ltd. ADR |
|
|
|
|
|
|
|
|
|
|
| 15,544,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 15,544,050 |
|
|
|
|
|
|
|
|
|
|
| Italy: |
|
|
|
|
| 3.5% |
|
|
|
|
|
|
|
|
|
|
| 344,300 |
|
|
|
|
| ENI S.p.A. |
|
|
|
|
|
|
|
|
|
|
| 7,752,762 |
|
|
|
|
| 2,186,582 |
|
|
|
|
| Intesa Sanpaolo S.p.A. |
|
|
|
|
|
|
|
|
|
|
| 7,690,564 |
|
|
|
|
| 19,406,016 |
|
|
|
|
| Telecom Italia S.p.A. RNC |
|
|
|
|
|
|
|
|
|
|
| 23,811,040 |
|
|
|
|
| 1,714,000 |
|
|
|
|
| UniCredito Italiano S.p.A. |
|
|
|
|
|
|
|
|
|
|
| 4,468,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 43,722,880 |
|
|
|
|
|
|
|
|
|
|
| Japan: |
|
|
|
|
| 24.4% |
|
|
|
|
|
|
|
|
|
|
| 701,000 |
|
|
|
|
| Akita Bank Ltd. |
|
|
|
|
|
|
|
|
|
|
| 1,976,680 |
|
|
|
|
| 307,400 |
|
|
|
|
| Astellas Pharma, Inc. |
|
|
|
|
|
|
|
|
|
|
| 11,435,871 |
|
|
|
|
| 268,241 |
|
| L |
|
| Canon, Inc. ADR |
|
|
|
|
|
|
|
|
|
|
| 12,339,086 |
|
|
|
|
| 2,743,000 |
|
|
|
|
| Chuo Mitsui Trust Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
| 9,895,513 |
|
|
|
|
| 731,000 |
|
|
|
|
| Dai Nippon Printing Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 9,221,018 |
|
|
|
|
| 575,836 |
|
|
|
|
| Daiichi Sankyo Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 12,202,905 |
|
|
|
|
| 396,200 |
|
|
|
|
| Fuji Photo Film Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 13,217,869 |
|
|
|
|
| 1,139,000 |
|
|
|
|
| Fujitsu Ltd. |
|
|
|
|
|
|
|
|
|
|
| 7,769,637 |
|
|
|
|
| 1,745,000 |
|
|
|
|
| Hitachi Ltd. |
|
|
|
|
|
|
|
|
|
|
| 7,886,791 |
|
|
|
|
| 2,264 |
|
|
|
|
| Inpex Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
| 11,790,333 |
|
|
|
|
| 513,700 |
|
|
|
|
| Mitsubishi Corp. |
|
|
|
|
|
|
|
|
|
|
| 12,338,909 |
|
|
|
|
| 2,653,100 |
|
|
|
|
| Mitsubishi UFJ Financial Group, Inc. |
|
|
|
|
|
|
|
|
|
|
| 12,313,048 |
|
|
|
|
| 530,500 |
|
|
|
|
| Mitsui Sumitomo Insurance Group Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
| 12,709,135 |
|
|
|
|
| 6,614,700 |
|
|
|
|
| Mizuho Financial Group, Inc. |
|
|
|
|
|
|
|
|
|
|
| 9,593,424 |
|
|
|
|
| 2,342,000 |
|
|
|
|
| NEC Corp. |
|
|
|
|
|
|
|
|
|
|
| 6,516,517 |
|
|
|
|
| 486,600 |
|
|
|
|
| Nippon Telegraph & Telephone Corp. |
|
|
|
|
|
|
|
|
|
|
| 21,945,860 |
|
|
|
|
| 529,000 |
|
|
|
|
| Omron Corp. |
|
|
|
|
|
|
|
|
|
|
| 12,255,029 |
|
|
|
|
| 281,100 |
|
|
|
|
| Ono Pharmaceutical Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 11,944,468 |
|
|
|
|
| 157,200 |
|
|
|
|
| Rohm Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 9,803,459 |
|
|
|
|
| 435,500 |
|
|
|
|
| Seven & I Holdings Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 10,109,280 |
|
|
|
|
| 297,100 |
|
|
|
|
| Sony Corp. |
|
|
|
|
|
|
|
|
|
|
| 10,038,122 |
|
|
|
|
| 258,800 |
|
|
|
|
| Sumitomo Mitsui Financial Group, Inc. |
|
|
|
|
|
|
|
|
|
|
| 7,724,597 |
|
|
|
|
| 270,000 |
|
|
|
|
| Taisho Pharmaceutical Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 5,685,423 |
|
|
|
|
| 314,200 |
|
|
|
|
| Takeda Pharmaceutical Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 14,728,523 |
|
|
|
|
| 66,200 |
|
|
|
|
| TDK Corp. |
|
|
|
|
|
|
|
|
|
|
| 3,777,034 |
|
|
|
|
| 1,044,200 |
|
|
|
|
| Tokio Marine Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
| 29,358,570 |
|
|
|
|
| 133,400 |
|
|
|
|
| Tokyo Electron Ltd. |
|
|
|
|
|
|
|
|
|
|
| 7,526,876 |
|
|
|
|
| 147,000 |
|
|
|
|
| Toyota Motor Corp. |
|
|
|
|
|
|
|
|
|
|
| 5,206,779 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 301,310,756 |
|
|
|
|
|
|
|
|
|
|
| Luxembourg: |
|
|
|
|
| 0.6% |
|
|
|
|
|
|
|
|
|
|
| 227,000 |
|
|
|
|
| ArcelorMittal |
|
|
|
|
|
|
|
|
|
|
| 7,345,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7,345,394 |
|
|
|
|
|
|
|
|
|
|
| Malaysia: |
|
|
|
|
| 2.0% |
|
|
|
|
|
|
|
|
|
|
| 3,956,100 |
|
|
|
|
| Malayan Banking BHD |
|
|
|
|
|
|
|
|
|
|
| 11,463,686 |
|
|
|
|
| 4,798,100 |
|
|
|
|
| Tenaga Nasional BHD |
|
|
|
|
|
|
|
|
|
|
| 13,593,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 25,057,685 |
|
|
|
|
|
|
|
|
|
|
| Mexico: |
|
|
|
|
| 0.8% |
|
|
|
|
|
|
|
|
|
|
| 663,965 |
|
|
|
|
| Telefonos de Mexico SA de CV ADR |
|
|
|
|
|
|
|
|
|
|
| 10,278,178 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10,278,178 |
|
|
|
|
|
|
|
|
|
|
| Netherlands: |
|
|
|
|
| 7.3% |
|
|
|
|
|
|
|
|
|
|
| 2,449,547 |
|
| @ |
|
| Aegon NV |
|
|
|
|
|
|
|
|
|
|
| 15,524,746 |
|
|
|
|
| 75,500 |
|
|
|
|
| Akzo Nobel NV |
|
|
|
|
|
|
|
|
|
|
| 4,484,775 |
|
|
|
|
| 433,500 |
|
| @ |
|
| European Aeronautic Defence and Space Co. NV |
|
|
|
|
|
|
|
|
|
|
| 11,403,880 |
|
|
|
|
| 931,312 |
|
|
|
|
| Koninklijke Ahold NV |
|
|
|
|
|
|
|
|
|
|
| 12,872,543 |
|
|
|
|
| 56,500 |
|
|
|
|
| Nutreco Holding NV |
|
|
|
|
|
|
|
|
|
|
| 4,115,963 |
|
|
|
|
| 638,056 |
|
|
|
|
| Royal Dutch Shell PLC - Class A |
|
|
|
|
|
|
|
|
|
|
| 20,707,100 |
|
|
|
|
| 511,879 |
|
| @ |
|
| SNS Reaal |
|
|
|
|
|
|
|
|
|
|
| 2,369,491 |
|
|
|
|
| 369,800 |
|
|
|
|
| Unilever NV |
|
|
|
|
|
|
|
|
|
|
| 10,982,037 |
|
|
|
|
| 318,099 |
|
|
|
|
| Wolters Kluwer NV |
|
|
|
|
|
|
|
|
|
|
| 7,251,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 89,711,570 |
|
|
|
|
|
|
|
|
|
|
| New Zealand: |
|
|
|
|
| 0.4% |
|
|
|
|
|
|
|
|
|
|
| 3,000,865 |
|
|
|
|
| Telecom Corp. of New Zealand Ltd. |
|
|
|
|
|
|
|
|
|
|
| 4,683,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,683,768 |
|
|
|
|
|
|
|
|
|
|
| Portugal: |
|
|
|
|
| 0.8% |
|
|
|
|
|
|
|
|
|
|
| 672,776 |
|
|
|
|
| Portugal Telecom SGPS S.A. |
|
|
|
|
|
|
|
|
|
|
| 9,723,206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 9,723,206 |
|
|
|
|
|
|
|
|
|
|
| Russia: |
|
|
|
|
| 1.1% |
|
|
|
|
|
|
|
|
|
|
| 384,333 |
|
|
|
|
| Mechel OAO ADR |
|
|
|
|
|
|
|
|
|
|
| 9,051,042 |
|
|
|
|
| 259,000 |
|
| L |
|
| MMC Norilsk Nickel ADR |
|
|
|
|
|
|
|
|
|
|
| 4,830,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 13,881,392 |
|
|
|
|
|
|
|
|
|
|
| Singapore: |
|
|
|
|
| 0.8% |
|
|
|
|
|
|
|
|
|
|
| 702,000 |
|
|
|
|
| United Overseas Bank Ltd. |
|
|
|
|
|
|
|
|
|
|
| 10,132,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10,132,609 |
|
|
|
|
|
|
|
|
|
|
| South Africa: |
|
|
|
|
| 0.3% |
|
|
|
|
|
|
|
|
|
|
| 283,657 |
|
|
|
|
| Standard Bank Group Ltd. |
|
|
|
|
|
|
|
|
|
|
| 4,174,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,174,232 |
|
|
|
|
|
|
|
|
|
|
| South Korea: |
|
|
|
|
| 1.1% |
|
|
|
|
|
|
|
|
|
|
| 228,410 |
|
|
|
|
| Korea Electric Power Corp. |
|
|
|
|
|
|
|
|
|
|
| 6,011,847 |
|
|
|
|
| 51,085 |
|
|
|
|
| SK Telecom Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
| 7,775,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 13,787,268 |
|
|
|
|
|
|
|
|
|
|
| Spain: |
|
|
|
|
| 0.5% |
|
|
|
|
|
|
|
|
|
|
| 233,402 |
|
|
|
|
| Telefonica S.A. |
|
|
|
|
|
|
|
|
|
|
| 6,307,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6,307,143 |
|
|
|
|
|
|
|
|
|
|
| Sweden: |
|
|
|
|
| 0.9% |
|
|
|
|
|
|
|
|
|
|
| 1,013,260 |
|
|
|
|
| Telefonaktiebolaget LM Ericsson |
|
|
|
|
|
|
|
|
|
|
| 11,143,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 11,143,426 |
|
|
|
|
|
|
|
|
|
|
| Switzerland: |
|
|
|
|
| 6.1% |
|
|
|
|
|
|
|
|
|
|
| 1,114,100 |
|
|
|
|
| STMicroelectronics NV |
|
|
|
|
|
|
|
|
|
|
| 9,769,743 |
|
|
|
|
| 363,010 |
|
|
|
|
| Swiss Reinsurance |
|
|
|
|
|
|
|
|
|
|
| 17,441,587 |
|
|
|
|
| 23,400 |
|
|
|
|
| Swisscom AG |
|
|
|
|
|
|
|
|
|
|
| 9,772,325 |
|
|
|
|
| 865,537 |
|
| @ |
|
| UBS AG - Reg |
|
|
|
|
|
|
|
|
|
|
| 14,703,347 |
|
|
|
|
| 595,000 |
|
|
|
|
| Xstrata PLC |
|
|
|
|
|
|
|
|
|
|
| 11,527,163 |
|
|
|
|
| 51,403 |
|
|
|
|
| Zurich Financial Services AG |
|
|
|
|
|
|
|
|
|
|
| 12,579,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 75,793,375 |
|
|
|
|
|
|
|
|
|
|
| United Kingdom: |
|
|
|
|
| 11.0% |
|
|
|
|
|
|
|
|
|
|
| 263,950 |
|
|
|
|
| AstraZeneca PLC |
|
|
|
|
|
|
|
|
|
|
| 13,277,256 |
|
|
|
|
| 1,495,391 |
|
|
|
|
| Barclays PLC |
|
|
|
|
|
|
|
|
|
|
| 6,571,442 |
|
|
|
|
| 1,338,480 |
|
|
|
|
| GlaxoSmithKline PLC |
|
|
|
|
|
|
|
|
|
|
| 26,137,351 |
|
|
|
|
| 1,491,100 |
|
|
|
|
| HSBC Holdings PLC |
|
|
|
|
|
|
|
|
|
|
| 15,518,918 |
|
|
|
|
| 7,669,626 |
|
| @ |
|
| ITV PLC |
|
|
|
|
|
|
|
|
|
|
| 8,401,047 |
|
|
|
|
| 265,773 |
|
|
|
|
| Kazakhmys PLC |
|
|
|
|
|
|
|
|
|
|
| 5,600,184 |
|
|
|
|
| 2,924,900 |
|
|
|
|
| Kingfisher PLC |
|
|
|
|
|
|
|
|
|
|
| 11,142,736 |
|
|
|
|
| 2,202,751 |
|
|
|
|
| Marks & Spencer Group PLC |
|
|
|
|
|
|
|
|
|
|
| 15,096,288 |
|
|
|
|
| 6,251,400 |
|
|
|
|
| Vodafone Group PLC |
|
|
|
|
|
|
|
|
|
|
| 17,088,936 |
|
|
|
|
| 2,526,131 |
|
|
|
|
| WM Morrison Supermarkets PLC |
|
|
|
|
|
|
|
|
|
|
| 11,888,638 |
|
|
|
|
| 198,968 |
|
| @ |
|
| Wolseley PLC |
|
|
|
|
|
|
|
|
|
|
| 5,292,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 136,015,278 |
|
|
|
|
|
|
|
|
|
|
| Total Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ( Cost $ 1,219,748,401 ) |
|
|
|
|
|
|
|
|
|
|
| 1,197,299,312 |
|
| PREFERRED STOCK: |
|
| 1.3% |
|
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
|
| Germany: |
|
|
|
|
| 1.3% |
|
|
|
|
|
|
|
|
|
|
| 101,161 |
|
|
|
|
| Volkswagen AG |
|
|
|
|
|
|
|
|
|
|
| 15,168,442 |
|
|
|
|
|
|
|
|
|
|
| Total Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ( Cost $ 8,042,602 ) |
|
|
|
|
|
|
|
|
|
|
| 15,168,442 |
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ( Cost $ 1,227,791,003 ) |
|
|
|
|
|
|
|
|
|
|
| 1,212,467,754 |
|
| SHORT-TERM INVESTMENTS: |
|
| 2.7% |
|
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
|
| Affiliated Mutual Fund: |
|
|
|
|
| 2.4% |
|
|
|
|
|
|
|
|
|
|
| 29,834,588 |
|
|
|
|
| ING Institutional Prime Money Market Fund - Class I |
|
|
|
|
|
|
|
|
|
|
| 29,834,588 |
|
|
|
|
|
|
|
|
|
|
| Total Mutual Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ( Cost $ 29,834,588 ) |
|
|
|
|
|
|
|
|
|
|
| 29,834,588 |
|
|
|
|
|
|
|
|
|
|
| Securities Lending Collateralcc: |
|
|
|
|
| 0.3% |
|
|
|
|
|
|
|
|
|
|
| 2,922,418 |
|
|
|
|
| BNY Mellon Overnight Government Fund (1) |
|
|
|
|
|
|
|
|
|
|
| 2,922,418 |
|
|
|
|
| 1,202,292 |
|
| R |
|
| BNY Institutional Cash Reserves Fund, Series B (1)(2) |
|
|
|
|
|
|
|
|
|
|
| 961,834 |
|
|
|
|
|
|
|
|
|
|
| Total Securities Lending Collateral |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ( Cost $ 4,124,710 ) |
|
|
|
|
|
|
|
|
|
|
| 3,884,252 |
|
|
|
|
| Total Short-Term Investments |
|
|
|
|
| ||||||||||||||
|
|
|
| ( Cost $ 33,959,298 ) |
|
|
|
|
| 33,718,840 |
|
|
|
|
| Total Investments in Securities |
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| ( Cost $ 1,261,750,301 ) * |
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| 100.8 |
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| % |
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| $ | 1,246,186,594 |
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| Other Assets and Liabilities - Net |
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| (0.8 | ) |
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|
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| (9,636,462 | ) | ||||||
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| Net Assets |
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| 100.0 |
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| % |
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|
|
| $ | 1,236,550,132 |
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| @ |
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| Non-income producing security |
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| ADR |
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| American Depositary Receipt |
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| R |
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| Restricted security |
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| cc |
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| Securities purchased with cash collateral for securities loaned. |
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| (1) |
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| Collateral received from brokers for securities lending was invested in these short-term investments. |
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| (2) |
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| On September 12, 2008, BNY established a separate sleeve of the Institutional Cash Reserves Fund (Series B) to hold certain Lehman Brothers defaulted debt obligations. The Fund's position in Series B is being fair valued daily. Please see the accompanying Notes to Financial Statements for additional details on securities lending. |
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| L |
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| Loaned security, a portion or all of the security is on loan at October 31, 2010. |
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(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. |
(a)(1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. | |
(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. | |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. | |
(3) | Not applicable. |
By | /s/ Shaun P, Mathews | |||
President and Chief Executive Officer |
By | /s/ Shaun P. Mathews | |||
President and Chief Executive Officer |
By | /s/ Todd Modic | |||
Senior Vice President and Chief Financial Officer |