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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-7978
ING Mayflower Trust
7337 E. Doubletree Ranch Rd., Scottsdale, AZ 85258
(Address of principal executive offices) (Zip code)
CT Corporation System, 101 Federal Street, Boston, MA 02110
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: October 31
Date of reporting period: November 1, 2011 to April 30, 2012
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
![](https://capedge.com/proxy/N-CSRS/0001145443-12-000853/ing-covermap.jpg)
n | ING Diversified International Fund | |
n | ING Emerging Countries Fund | |
n | ING Emerging Markets Equity Fund | |
n | ING Global Bond Fund | |
n | ING Global Equity Dividend Fund | |
n | ING Global Natural Resources Fund | |
n | ING Global Opportunities Fund | |
n | ING Global Real Estate Fund | |
n | ING Global Value Choice Fund | |
n | ING Greater China Fund | |
n | ING Index Plus International Equity Fund | |
n | ING International Core Fund | |
n | ING International Growth Fund | |
n | ING International Real Estate Fund | |
n | ING International Small Cap Fund (formerly, ING International SmallCap Multi-Manager Fund) | |
n | ING International Value Choice Fund | |
n | ING International Value Fund | |
n | ING Russia Fund |
![](https://capedge.com/proxy/N-CSRS/0001145443-12-000853/ing-edeliverylogo.jpg)
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. |
![](https://capedge.com/proxy/N-CSRS/0001145443-12-000853/ing-logo.jpg)
President’s Letter | 2 | |||||
Market Perspective | 3 | |||||
Portfolio Managers’ Reports | 6 | |||||
Shareholder Expense Examples | 24 | |||||
Statements of Assets and Liabilities | 28 | |||||
Statements of Operations | 38 | |||||
Statements of Changes in Net Assets | 43 | |||||
Financial Highlights | 52 | |||||
Notes to Financial Statements | 65 | |||||
Summary Portfolios of Investments | 91 | |||||
Advisory Contract Approval Discussion | 163 |
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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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Expectation vs. reality
![](https://capedge.com/proxy/N-CSRS/0001145443-12-000853/ing-shaunmathewssig.jpg)
President and Chief Executive Officer
ING Funds
May 29, 2012
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 the ING Funds disclaim 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 | |||||
---|---|---|---|---|---|---|
Barclays Capital Global Aggregate Index | Provides a broad-based measure of the global investment-grade fixed-rate debt markets. | |||||
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. | |||||
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. | |||||
MSCI All Countries Golden Dragon IndexSM | 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 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. | |||||
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. | |||||
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. | |||||
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 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 Japan® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | |||||
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. | |||||
MSCI UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | |||||
MSCI World IndexSM | An unmanaged index that measures the performance of over 1,400 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | |||||
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. | |||||
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. |
Index | Description | |||||
---|---|---|---|---|---|---|
S&P Developed ex-US Property Index | An unmanaged float-adjusted index which defines and measures 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 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. | |||||
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. | |||||
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/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. |
ING DIVERSIFIED INTERNATIONAL FUND | PORTFOLIO MANAGERS’ REPORT |
Sector Diversification as of April 30, 2012 (as a percentage of net assets) | ||||||||
Affiliated Investment Companies | 95.7 | % | ||||||
Exchange-Traded Funds | 4.5 | % | ||||||
Liabilities in Excess of Other Assets | (0.2 | )% | ||||||
Net Assets | 100.0 | % | ||||||
Portfolio holdings are subject to change daily. |
Target Allocations as of April 30, 2012 (as a percentage of net assets) | ||||||||
Emerging Markets | 15 | % | ||||||
International Core | 40 | % | ||||||
International Growth | 20 | % | ||||||
International Real Estate | 0 | % | ||||||
International SmallCap | 5 | % | ||||||
International Value | 20 | % | ||||||
Portfolio holdings are subject to change daily. |
(1) | The members of the Asset Allocation Committee are: William A. Evans, Paul Zemsky and Heather Hackett. |
PORTFOLIO MANAGERS’ REPORT | ING EMERGING COUNTRIES FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | ||||||||
South Korea | 17.6 | % | ||||||
Brazil | 16.4 | % | ||||||
China | 15.7 | % | ||||||
Taiwan | 7.1 | % | ||||||
Russia | 7.0 | % | ||||||
South Africa | 6.6 | % | ||||||
United States | 5.5 | % | ||||||
Thailand | 4.3 | % | ||||||
Mexico | 4.2 | % | ||||||
Hong Kong | 3.6 | % | ||||||
Countries between 0.3%–3.6%ˆ | 11.3 | % | ||||||
Assets in Excess of Other Liabilities* | 0.7 | % | ||||||
Net Assets | 100.0 | % | ||||||
* Includes short-term investments. | ||||||||
ˆ Includes 13 countries, which each represents 0.3%–3.6% of net assets. | ||||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Samsung Electronics Co., Ltd. | 3.1 | % | ||||||
Avon Products, Inc. | 3.0 | % | ||||||
Samsung Electronics Co., Ltd. GDR | 2.7 | % | ||||||
Petroleo Brasileiro SA ADR | 2.1 | % | ||||||
Sberbank of Russia ADR | 1.9 | % | ||||||
Industrial and Commercial Bank of China Ltd. | 1.8 | % | ||||||
China Construction Bank | 1.8 | % | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1.6 | % | ||||||
Vale SA ADR | 1.5 | % | ||||||
Itau Unibanco Holding SA ADR | 1.5 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective February 24, 2012, ING Investment Management Advisors, B.V. was removed as the sub-adviser to the Fund and effective March 12, 2012, J.P. Morgan and Delaware were added as the new sub-advisers. Subject to shareholder approval, the Fund will be merged into ING Emerging Markets Equity Fund on or about July 21, 2012. |
(1) | For purposes of these discussions, “the fund” refers to each Sub-Adviser’s respectively managed portion of ING Emerging Countries Fund. |
ING EMERGING MARKETS EQUITY FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
South Korea | 16.9 | % | |||||
Brazil | 15.7 | % | |||||
China | 14.9 | % | |||||
Taiwan | 7.2 | % | |||||
Russia | 7.1 | % | |||||
South Africa | 6.8 | % | |||||
United States | 5.2 | % | |||||
Thailand | 4.1 | % | |||||
Mexico | 3.7 | % | |||||
Countries between 0.3%–3.6%ˆ | 14.1 | % | |||||
Assets in Excess of Other Liabilities* | 4.3 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 14 countries, which each represents 0.3%–3.6% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Samsung Electronics Co., Ltd. | 2.9 | % | ||||||
Avon Products, Inc. | 2.8 | % | ||||||
Samsung Electronics Co., Ltd. GDR | 2.6 | % | ||||||
Petroleo Brasileiro SA ADR | 2.0 | % | ||||||
Sberbank of Russia ADR | 1.9 | % | ||||||
Industrial and Commercial Bank of China Ltd. | 1.7 | % | ||||||
China Construction Bank | 1.7 | % | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1.6 | % | ||||||
Lukoil OAO ADR | 1.5 | % | ||||||
Vale SA ADR | 1.5 | % | ||||||
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 Emerging Markets Equity Fund. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL BOND FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 44.0 | % | |||||
Brazil | 9.5 | % | |||||
South Africa | 3.0 | % | |||||
Mexico | 2.7 | % | |||||
Ireland | 2.6 | % | |||||
United Kingdom | 1.5 | % | |||||
South Korea | 0.2 | % | |||||
Countries between 0.0%–3.0%ˆ | 21.3 | % | |||||
Assets in Excess of Other Liabilities* | 15.2 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 30 countries, which each represents 0.0%–3.0% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012* (as a percentage of net assets) | |||||||
Brazil Notas do Tesouro Nacional Series F, 10.000%, 01/01/21 | 6.9 | % | |||||
United States Treasury Note, 1.500%, 03/31/19 | 3.5 | % | |||||
South Africa Government Bond, 10.500%, 12/21/26 | 2.6 | % | |||||
Italy Buoni Poliennali Del Tesoro, 5.500%, 09/01/22 | 2.1 | % | |||||
Bundesrepublik Deutschland, 2.000%, 01/04/22 | 1.6 | % | |||||
Petroleos Mexicanos, 7.650%, 11/24/21 | 1.6 | % | |||||
Ireland Government Bond, 4.400%, 06/18/19 | 1.5 | % | |||||
Freddie Mac, 2.375%, 01/13/22 | 1.3 | % | |||||
Freddie Mac, 0.690%, 06/15/37 | 1.0 | % | |||||
Ireland Government Bond, 4.500%, 04/18/20 | 1.1 | % | |||||
* Excludes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
ING GLOBAL EQUITY DIVIDEND FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 38.6 | % | |||||
United Kingdom | 12.1 | % | |||||
Japan | 9.1 | % | |||||
France | 7.6 | % | |||||
Germany | 5.8 | % | |||||
Canada | 4.4 | % | |||||
Switzerland | 4.1 | % | |||||
Australia | 3.0 | % | |||||
Netherlands | 2.6 | % | |||||
Singapore | 2.1 | % | |||||
Countries between 0.5%–1.5%ˆ | 7.2 | % | |||||
Assets in Excess of Other Liabilities* | 3.4 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 10 countries, which each represents 0.5%–1.5% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Bayer AG | 1.6 | % | ||||||
Chevron Corp. | 1.6 | % | ||||||
ExxonMobil Corp. | 1.6 | % | ||||||
Telefonaktiebolaget LM Ericsson | 1.5 | % | ||||||
Royal Dutch Shell PLC | 1.5 | % | ||||||
General Electric Co. | 1.5 | % | ||||||
Microsoft Corp. | 1.5 | % | ||||||
United Technologies Corp. | 1.4 | % | ||||||
Novartis AG | 1.5 | % | ||||||
Gaz de France | 1.4 | % | ||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL NATURAL RESOURCES FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 78.6 | % | |||||
Canada | 6.9 | % | |||||
United Kingdom | 5.5 | % | |||||
Netherlands | 3.3 | % | |||||
Norway | 2.6 | % | |||||
France | 1.3 | % | |||||
Assets in Excess of Other Liabilities* | 1.8 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
ExxonMobil Corp. | 9.4 | % | ||||||
Chevron Corp. | 7.2 | % | ||||||
National Oilwell Varco, Inc. | 4.4 | % | ||||||
Halliburton Co. | 4.3 | % | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 4.1 | % | ||||||
Schlumberger Ltd. | 3.9 | % | ||||||
EOG Resources, Inc. | 3.3 | % | ||||||
Royal Dutch Shell PLC — Class A ADR | 3.3 | % | ||||||
Cameron International Corp. | 3.1 | % | ||||||
Anadarko Petroleum Corp. | 3.1 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective April 30, 2012, Jamie Swain was added as a portfolio manager to the Fund. |
ING GLOBAL OPPORTUNITIES FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 35.0 | % | |||||
United Kingdom | 9.9 | % | |||||
Switzerland | 8.3 | % | |||||
China | 7.7 | % | |||||
Netherlands | 6.3 | % | |||||
Japan | 6.0 | % | |||||
France | 3.7 | % | |||||
Indonesia | 2.5 | % | |||||
India | 2.1 | % | |||||
Countries between 0.3%–1.8%ˆ | 17.8 | % | |||||
Assets in Excess of Other Liabilities* | 0.7 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 17 countries, which each represents 0.3%–1.8% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012* (as a percentage of net assets) | |||||||
NetApp, Inc. | 2.5 | % | |||||
Novartis AG | 2.4 | % | |||||
Nestle S.A. | 2.3 | % | |||||
Microsoft Corp. | 2.2 | % | |||||
Apple, Inc. | 2.2 | % | |||||
SPDR S&P Biotech ETF | 2.0 | % | |||||
HSBC Holdings PLC | 2.0 | % | |||||
Royal Dutch Shell PLC | 1.9 | % | |||||
Samsung Electronics Co., Ltd. | 1.8 | % | |||||
Imperial Tobacco Group PLC | 1.7 | % | |||||
* Excludes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | ING GLOBAL REAL ESTATE FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 47.2 | % | |||||
Japan | 12.8 | % | |||||
Hong Kong | 10.0 | % | |||||
Australia | 7.9 | % | |||||
Singapore | 4.8 | % | |||||
United Kingdom | 4.6 | % | |||||
France | 4.4 | % | |||||
Canada | 2.5 | % | |||||
China | 2.3 | % | |||||
Netherlands | 0.7 | % | |||||
Countries between 0.2%–0.5%ˆ | 1.1 | % | |||||
Assets in Excess of Other Liabilities* | 1.7 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 4 countries, which each represents 0.2%–0.5% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Simon Property Group, Inc. | 6.0 | % | ||||||
Mitsubishi Estate Co., Ltd. | 3.4 | % | ||||||
Mitsui Fudosan Co., Ltd. | 3.2 | % | ||||||
Boston Properties, Inc. | 2.9 | % | ||||||
AvalonBay Communities, Inc. | 2.8 | % | ||||||
ProLogis, Inc. | 2.8 | % | ||||||
Westfield Group | 2.6 | % | ||||||
Cheung Kong Holdings Ltd. | 2.5 | % | ||||||
Unibail | 2.3 | % | ||||||
Macerich Co. | 2.3 | % | ||||||
Portfolio holdings are subject to change daily. |
ING GLOBAL VALUE CHOICE FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United States | 25.8 | % | |||||
Japan | 15.3 | % | |||||
Canada | 13.3 | % | |||||
France | 7.9 | % | |||||
Russia | 4.9 | % | |||||
South Korea | 4.6 | % | |||||
United Kingdom | 3.8 | % | |||||
Italy | 3.6 | % | |||||
Brazil | 2.8 | % | |||||
South Africa | 2.7 | % | |||||
Countries between 0.0%–2.1%ˆ | 13.8 | % | |||||
Assets in Excess of Other Liabilities* | 1.5 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 15 countries, which each represents 0.0%–2.1% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Electricite de France SA | 4.6 | % | ||||||
Newmont Mining Corp. | 4.0 | % | ||||||
Barrick Gold Corp. | 3.8 | % | ||||||
Cameco Corp. | 3.6 | % | ||||||
Best Buy Co., Inc. | 2.6 | % | ||||||
Federal Hydrogenerating Co. JSC ADR | 2.4 | % | ||||||
Nippon Telegraph & Telephone Corp. | 2.3 | % | ||||||
Polyus Gold International Ltd. GDR | 2.2 | % | ||||||
Thales S.A. | 2.2 | % | ||||||
Gazprom OAO ADR | 2.2 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective April 1, 2012, David Iben was replaced by Emily Alejos and Andrew Thelen as portfolio managers to the Fund. |
PORTFOLIO MANAGERS’ REPORT | ING GREATER CHINA FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | ||||||||
China | 45.7 | % | ||||||
Taiwan | 28.4 | % | ||||||
Hong Kong | 25.6 | % | ||||||
Assets in Excess of Other Liabilities | 0.3 | % | ||||||
Net Assets | 100.0 | % | ||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 5.7 | % | ||||||
China Mobile Ltd. | 5.0 | % | ||||||
Hon Hai Precision Industry Co., Ltd. | 3.2 | % | ||||||
CNOOC Ltd. | 3.0 | % | ||||||
Industrial and Commercial Bank of China Ltd. | 2.9 | % | ||||||
China Construction Bank | 2.9 | % | ||||||
Tencent Holdings Ltd. | 2.6 | % | ||||||
PetroChina Co., Ltd. | 2.5 | % | ||||||
Chow Sang Sang Holdings International Ltd. | 2.4 | % | ||||||
AIA Group Ltd. | 2.4 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Michael Chiu was removed as a portfolio manager to the Fund effective May 18, 2012. Guy Uding and William Pang were added as portfolio managers to the Fund effective May 7, 2012 | |
(1) | Domestic A shares refers to the shares traded on the Shanghai and Shenzhen Stock Exchanges, which are generally only available to mainland citizens. |
ING INDEX PLUS INTERNATIONAL EQUITY FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Japan | 22.6 | % | |||||
United Kingdom | 20.0 | % | |||||
Australia | 8.6 | % | |||||
Germany | 7.7 | % | |||||
Switzerland | 7.5 | % | |||||
France | 7.4 | % | |||||
Spain | 4.5 | % | |||||
Sweden | 3.5 | % | |||||
Netherlands | 3.1 | % | |||||
Countries between 0.0%–2.4%ˆ | 13.8 | % | |||||
Assets in Excess of Other Liabilities* | 1.3 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 17 countries, which each represents 0.0%–2.4% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012* (as a percentage of net assets) | |||||||
Nestle S.A. | 2.2 | % | |||||
Novartis AG | 1.6 | % | |||||
British American Tobacco PLC | 1.5 | % | |||||
HSBC Holdings PLC | 1.4 | % | |||||
Commonwealth Bank of Australia | 1.2 | % | |||||
BP PLC | 1.1 | % | |||||
Royal Dutch Shell PLC — Class B | 1.1 | % | |||||
Vodafone Group PLC | 1.1 | % | |||||
ENI S.p.A. | 1.1 | % | |||||
Total S.A. | 1.1 | % | |||||
* Excludes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
* | Effective November 28, 2011, Sam Lam replaced Pranay Gupta as a portfolio manager to the Fund. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL CORE FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United Kingdom | 21.2 | % | |||||
Japan | 12.3 | % | |||||
France | 11.1 | % | |||||
Switzerland | 8.9 | % | |||||
Germany | 7.7 | % | |||||
China | 5.9 | % | |||||
Canada | 4.7 | % | |||||
Brazil | 3.4 | % | |||||
Sweden | 3.0 | % | |||||
United States | 3.0 | % | |||||
Countries between 0.1%–2.6%ˆ | 18.0 | % | |||||
Assets in Excess of Other Liabilities* | 0.8 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 18 countries, which each represents 0.1%-2.6% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012* (as a percentage of net assets) | |||||||
BG Group PLC | 2.4 | % | |||||
British American Tobacco PLC | 2.3 | % | |||||
Air Liquide | 2.1 | % | |||||
Fanuc Ltd. | 1.8 | % | |||||
Rolls-Royce Holdings PLC | 1.7 | % | |||||
Canadian National Railway Co. | 1.7 | % | |||||
Mitsubishi UFJ Financial Group, Inc. | 1.6 | % | |||||
Standard Chartered PLC | 1.5 | % | |||||
Roche Holding AG — Genusschein | 1.5 | % | |||||
Novo-Nordisk A/S | 1.4 | % | |||||
* Excludes short-term investments. | |||||||
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 Core Fund. |
ING INTERNATIONAL GROWTH FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
United Kingdom | 20.6 | % | |||||
Japan | 13.4 | % | |||||
Switzerland | 9.0 | % | |||||
Australia | 5.4 | % | |||||
China | 5.2 | % | |||||
Sweden | 4.7 | % | |||||
France | 4.5 | % | |||||
Denmark | 4.2 | % | |||||
Hong Kong | 3.8 | % | |||||
United States | 3.0 | % | |||||
Countries between 0.1%–3.3%ˆ | 27.3 | % | |||||
Liabilities in Excess of Other Assets* | (1.1 | )% | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 26 countries, which each represents 0.1%-3.3% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Roche Holding AG — Genusschein | 1.9 | % | ||||||
Carlsberg A/S | 1.8 | % | ||||||
Nestle S.A. | 1.7 | % | ||||||
Atlas Copco AB — Class B | 1.5 | % | ||||||
BHP Billiton PLC | 1.5 | % | ||||||
Svenska Handelsbanken AB | 1.5 | % | ||||||
Samsung Electronics Co., Ltd. GDR | 1.4 | % | ||||||
Cochlear Ltd. | 1.3 | % | ||||||
Novo-Nordisk A/S | 1.3 | % | ||||||
Li & Fung Ltd. | 1.2 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective December 29, 2011, Iain Campbell, Joe Faraday, and Paul Faulkner were added to the prospectus as portfolio managers for the portion of the Fund managed by Baillie Gifford. | |
(1) | For purposes of these discussions, “the fund” refers to each Sub-Adviser’s respectively managed portion of ING International Growth Fund. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL REAL ESTATE FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Japan | 24.0 | % | |||||
Hong Kong | 19.2 | % | |||||
Australia | 15.2 | % | |||||
Singapore | 9.2 | % | |||||
United Kingdom | 8.3 | % | |||||
France | 7.4 | % | |||||
Canada | 4.1 | % | |||||
China | 2.6 | % | |||||
Switzerland | 1.6 | % | |||||
Sweden | 1.6 | % | |||||
Countries between 0.1%–1.1%ˆ | 4.0 | % | |||||
Assets in Excess of Other Liabilities | 2.8 | % | |||||
Net Assets | 100.0 | % | |||||
ˆ Includes 7 countries, which each represents 0.1%–1.1% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Mitsubishi Estate Co., Ltd. | 6.0 | % | ||||||
Westfield Group | 5.3 | % | ||||||
Mitsui Fudosan Co., Ltd. | 5.0 | % | ||||||
Cheung Kong Holdings Ltd. | 4.3 | % | ||||||
Unibail | 3.9 | % | ||||||
Sun Hung Kai Properties Ltd. | 3.1 | % | ||||||
Hang Lung Properties Ltd. | 2.7 | % | ||||||
CapitaLand Ltd. | 2.2 | % | ||||||
Link Real Estate Investment Trust | 2.2 | % | ||||||
Land Securities Group PLC | 2.1 | % | ||||||
Portfolio holdings are subject to change daily. |
ING INTERNATIONAL SMALL CAP FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Japan | 20.4 | % | |||||
United Kingdom | 17.1 | % | |||||
Germany | 7.7 | % | |||||
Australia | 6.5 | % | |||||
Hong Kong | 4.2 | % | |||||
Canada | 4.0 | % | |||||
France | 4.0 | % | |||||
Switzerland | 3.8 | % | |||||
South Korea | 3.1 | % | |||||
Netherlands | 2.9 | % | |||||
Countries between 0.0%–2.9%ˆ | 24.8 | % | |||||
Assets in Excess of Other Liabilities* | 1.5 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 31 countries, which each represents 0.0%–2.9% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Forbo Holding AG | 1.0 | % | ||||||
Drax Group PLC | 0.8 | % | ||||||
Unipres Corp. | 0.8 | % | ||||||
Draegerwerk AG & Co. KGaA | 0.8 | % | ||||||
Imtech NV | 0.7 | % | ||||||
Kanematsu Corp. | 0.7 | % | ||||||
Delta Lloyd NV | 0.7 | % | ||||||
Rheinmetall AG | 0.7 | % | ||||||
Kapsch TrafficCom AG | 0.7 | % | ||||||
Aurubis AG | 0.6 | % | ||||||
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 SmallCap Fund. |
PORTFOLIO MANAGERS’ REPORT | ING INTERNATIONAL VALUE CHOICE FUND |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Japan | 29.4 | % | |||||
Canada | 13.4 | % | |||||
France | 11.4 | % | |||||
United Kingdom | 9.3 | % | |||||
South Korea | 4.4 | % | |||||
South Africa | 4.3 | % | |||||
Australia | 3.5 | % | |||||
Germany | 3.2 | % | |||||
Italy | 2.9 | % | |||||
United States | 1.6 | % | |||||
Countries between 0.5%–2.8%ˆ | 13.4 | % | |||||
Assets in Excess of Other Liabilities* | 3.2 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 9 countries, which each represents 0.5%–2.8% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Barrick Gold Corp. | 3.2 | % | ||||||
Telecom Italia S.p.A. RNC | 2.9 | % | ||||||
SK Telecom Co., Ltd. ADR | 2.9 | % | ||||||
Cameco Corp. | 2.8 | % | ||||||
Sanofi-Aventis | 2.7 | % | ||||||
Nippon Telegraph & Telephone Corp. ADR | 2.7 | % | ||||||
GlaxoSmithKline PLC | 2.5 | % | ||||||
Newcrest Mining Ltd. | 2.5 | % | ||||||
Dai Nippon Printing Co., Ltd. | 2.4 | % | ||||||
Carrefour S.A. | 2.4 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective April 1, 2012, Alberto Jimenez Crespo is no longer a portfolio manager to the Fund. |
ING INTERNATIONAL VALUE FUND | PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Japan | 24.2 | % | |||||
United Kingdom | 19.4 | % | |||||
France | 7.7 | % | |||||
Netherlands | 7.6 | % | |||||
Germany | 6.0 | % | |||||
Italy | 5.6 | % | |||||
Switzerland | 5.3 | % | |||||
United States | 2.0 | % | |||||
Sweden | 1.9 | % | |||||
Canada | 1.7 | % | |||||
Countries between 0.3%–1.6%ˆ | 16.2 | % | |||||
Assets in Excess of Other Liabilities* | 2.4 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
ˆ Includes 17 countries, which each represents 0.3%–1.6% of net assets. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Sanofi-Aventis | 2.4 | % | ||||||
Unilever NV | 1.8 | % | ||||||
ENI S.p.A. | 1.7 | % | ||||||
Royal Dutch Shell PLC — Class A | 1.6 | % | ||||||
GlaxoSmithKline PLC | 1.6 | % | ||||||
Total S.A. | 1.5 | % | ||||||
Seven & I Holdings Co., Ltd. | 1.5 | % | ||||||
Telecom Italia S.p.A. RNC | 1.5 | % | ||||||
Siemens AG | 1.5 | % | ||||||
Vodafone Group PLC | 1.4 | % | ||||||
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 RUSSIA FUND |
Sector Diversification as of April 30, 2012 (as a percentage of net assets) | |||||||
Energy | 42.6 | % | |||||
Financials | 17.2 | % | |||||
Materials | 13.4 | % | |||||
Consumer Staples | 8.5 | % | |||||
Utilities | 7.8 | % | |||||
Telecommunications | 6.2 | % | |||||
Information Technology | 1.4 | % | |||||
Industrials | 1.2 | % | |||||
Consumer Discretionary | 0.7 | % | |||||
Assets in Excess of Other Liabilities* | 1.0 | % | |||||
Net Assets | 100.0 | % | |||||
* Includes short-term investments. | |||||||
Portfolio holdings are subject to change daily. |
Top Ten Holdings as of April 30, 2012 (as a percentage of net assets) | ||||||||
Sberbank of Russian Federation | 11.4 | % | ||||||
NovaTek OAO GDR | 8.4 | % | ||||||
Lukoil OAO ADR | 7.7 | % | ||||||
Gazprom OAO | 7.3 | % | ||||||
Magnit OAO | 5.8 | % | ||||||
Transneft | 4.4 | % | ||||||
RusHydro | 3.8 | % | ||||||
Tatneft ADR | 3.8 | % | ||||||
Uralkali GDR | 3.7 | % | ||||||
Severstal OAO GDR | 3.3 | % | ||||||
Portfolio holdings are subject to change daily. |
* | Effective May 8, 2012, Nathan Griffiths replaced Remco Vergeer as a portfolio manager to the Fund. |
Actual Fund Return | Hypothetical (5% return before expenses) | | |||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | ||||||||||||||||||||||||||||
ING Diversified International Fund** | |||||||||||||||||||||||||||||||||||
Class A | $1,000.00 | $ | 1,050.70 | 0.50 | % | $ 2.55 | $1,000.00 | $ | 1,022.38 | 0.50 | % | $ 2.51 | |||||||||||||||||||||||
Class B | 1,000.00 | 1,047.30 | 1.25 | 6.36 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,047.40 | 1.25 | 6.36 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,051.90 | 0.25 | 1.28 | 1,000.00 | 1,023.62 | 0.25 | 1.26 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,050.90 | 0.50 | 2.55 | 1,000.00 | 1,022.38 | 0.50 | 2.51 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,048.70 | 0.75 | 3.82 | 1,000.00 | 1,021.13 | 0.75 | 3.77 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,052.40 | 0.25 | 1.28 | 1,000.00 | 1,023.62 | 0.25 | 1.26 | |||||||||||||||||||||||||||
ING Emerging Countries Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,022.70 | 1.85 | 9.30 | 1,000.00 | 1,015.66 | 1.85 | 9.27 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,018.60 | 2.60 | 13.05 | 1,000.00 | 1,011.93 | 2.60 | 13.01 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,019.00 | 2.60 | 13.05 | 1,000.00 | 1,011.93 | 2.60 | 13.01 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,024.10 | 1.50 | 7.55 | 1,000.00 | 1,017.40 | 1.50 | 7.52 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,023.80 | 1.60 | 8.05 | 1,000.00 | 1,016.91 | 1.60 | 8.02 |
* | Expenses are equal to each Funds’ respective annualized expense ratios multiplied by the average account value over the period, multiplied by 182/366 to reflect the most recent fiscal half-year. | |
** | The annualized expense ratios do not include expenses of underlying funds. |
Actual Fund Return | Hypothetical (5% return before expenses) | | |||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | ||||||||||||||||||||||||||||
ING Emerging Markets Equity Fund | |||||||||||||||||||||||||||||||||||
Class A | $1,000.00 | $ | 1,063.00 | 1.50 | % | $ 7.69 | $1,000.00 | $ | 1,017.40 | 1.50 | % | $ 7.52 | |||||||||||||||||||||||
Class C | 1,000.00 | 1,060.20 | 2.25 | 11.53 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,065.10 | 1.25 | 6.42 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,062.00 | 1.75 | 8.97 | 1,000.00 | 1,016.16 | 1.75 | 8.77 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,065.10 | 1.25 | 6.42 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
ING Global Bond Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,029.40 | 0.90 | 4.54 | 1,000.00 | 1,020.39 | 0.90 | 4.52 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,025.00 | 1.65 | 8.31 | 1,000.00 | 1,016.66 | 1.65 | 8.27 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,025.00 | 1.65 | 8.31 | 1,000.00 | 1,016.66 | 1.65 | 8.27 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,030.20 | 0.60 | 3.03 | 1,000.00 | 1,021.88 | 0.60 | 3.02 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,028.20 | 0.90 | 4.54 | 1,000.00 | 1,020.39 | 0.90 | 4.52 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,026.80 | 1.15 | 5.80 | 1,000.00 | 1,019.14 | 1.15 | 5.77 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,030.40 | 0.65 | 3.28 | 1,000.00 | 1,021.63 | 0.65 | 3.27 | |||||||||||||||||||||||||||
ING Global Equity Dividend Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,065.20 | 1.43 | 7.34 | 1,000.00 | 1,017.75 | 1.43 | 7.17 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,060.40 | 2.18 | 11.17 | 1,000.00 | 1,014.02 | 2.18 | 10.92 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,060.70 | 2.18 | 11.17 | 1,000.00 | 1,014.02 | 2.18 | 10.92 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,066.40 | 1.14 | 5.86 | 1,000.00 | 1,019.19 | 1.14 | 5.72 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,065.20 | 1.43 | 7.34 | 1,000.00 | 1,017.75 | 1.43 | 7.17 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,066.00 | 1.18 | 6.06 | 1,000.00 | 1,019.00 | 1.18 | 5.92 | |||||||||||||||||||||||||||
ING Global Natural Resources Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 977.00 | 1.52 | 7.47 | 1,000.00 | 1,017.30 | 1.52 | 7.62 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 978.40 | 1.21 | 5.95 | 1,000.00 | 1,018.85 | 1.21 | 6.07 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 977.80 | 1.27 | 6.25 | 1,000.00 | 1,018.55 | 1.27 | 6.37 | |||||||||||||||||||||||||||
ING Global Opportunities Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,062.80 | 1.50 | 7.69 | 1,000.00 | 1,017.40 | 1.50 | 7.52 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,059.40 | 2.25 | 11.52 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,059.40 | 2.25 | 11.52 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,065.20 | 1.05 | 5.39 | 1,000.00 | 1,019.64 | 1.05 | 5.27 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,065.00 | 1.25 | 6.42 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
ING Global Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,091.20 | 1.33 | 6.92 | 1,000.00 | 1,018.25 | 1.33 | 6.67 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,086.50 | 2.08 | 10.79 | 1,000.00 | 1,014.52 | 2.08 | 10.42 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,087.10 | 2.08 | 10.79 | 1,000.00 | 1,014.52 | 2.08 | 10.42 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,092.30 | 1.00 | 5.20 | 1,000.00 | 1,019.89 | 1.00 | 5.02 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,091.20 | 1.33 | 6.92 | 1,000.00 | 1,018.25 | 1.33 | 6.67 | |||||||||||||||||||||||||||
Class R | 1,000.00 | 1,089.30 | 1.58 | 8.21 | 1,000.00 | 1,017.01 | 1.58 | 7.92 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,092.30 | 1.08 | 5.62 | 1,000.00 | 1,019.49 | 1.08 | 5.42 |
* | Expenses are equal to each Funds’ respective annualized expense ratios multiplied by the average account value over the period, multiplied by 182/366 to reflect the most recent fiscal half-year. |
Actual Fund Return | Hypothetical (5% return before expenses) | | |||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | ||||||||||||||||||||||||||||
ING Global Value Choice Fund | |||||||||||||||||||||||||||||||||||
Class A | $1,000.00 | $ | 918.10 | 1.50 | % | $ 7.15 | $1,000.00 | $ | 1,017.40 | 1.50 | % | $ 7.52 | |||||||||||||||||||||||
Class B | 1,000.00 | 914.80 | 2.25 | 10.71 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 914.90 | 2.25 | 10.71 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 919.40 | 1.21 | 5.77 | 1,000.00 | 1,018.85 | 1.21 | 6.07 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 919.40 | 1.25 | 5.97 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
ING Greater China Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,034.50 | 2.10 | 10.62 | 1,000.00 | 1,014.42 | 2.10 | 10.52 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,030.70 | 2.85 | 14.39 | 1,000.00 | 1,010.69 | 2.85 | 14.25 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,030.70 | 2.85 | 14.39 | 1,000.00 | 1,010.69 | 2.85 | 14.25 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,036.50 | 1.68 | 8.51 | 1,000.00 | 1,016.51 | 1.68 | 8.42 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,034.80 | 2.10 | 10.62 | 1,000.00 | 1,014.42 | 2.10 | 10.52 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,035.10 | 1.85 | 9.36 | 1,000.00 | 1,015.66 | 1.85 | 9.27 | |||||||||||||||||||||||||||
ING Index Plus International Equity Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,023.80 | 1.15 | 5.79 | 1,000.00 | 1,019.14 | 1.15 | 5.77 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,020.90 | 1.90 | 9.55 | 1,000.00 | 1,015.42 | 1.90 | 9.52 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,021.30 | 1.90 | 9.55 | 1,000.00 | 1,015.42 | 1.90 | 9.52 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,026.60 | 0.77 | 3.88 | 1,000.00 | 1,021.03 | 0.77 | 3.87 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,025.50 | 1.15 | 5.79 | 1,000.00 | 1,019.14 | 1.15 | 5.77 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,024.80 | 0.90 | 4.53 | 1,000.00 | 1,020.39 | 0.90 | 4.52 | |||||||||||||||||||||||||||
ING International Core Fund | |||||||||||||||||||||||||||||||||||
Class I | 1,000.00 | 1,062.30 | 0.95 | 4.87 | 1,000.00 | 1,020.14 | 0.95 | 4.77 | |||||||||||||||||||||||||||
ING International Growth Fund | |||||||||||||||||||||||||||||||||||
Class I | 1,000.00 | 1,067.10 | 0.99 | 5.09 | 1,000.00 | 1,019.94 | 0.99 | 4.97 | |||||||||||||||||||||||||||
ING International Real Estate Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,055.00 | 1.50 | 7.66 | 1,000.00 | 1,017.40 | 1.50 | 7.52 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,052.30 | 2.25 | 11.48 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,051.10 | 2.25 | 11.47 | 1,000.00 | 1,013.67 | 2.25 | 11.26 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,055.60 | 1.20 | 6.13 | 1,000.00 | 1,018.90 | 1.20 | 6.02 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,056.20 | 1.25 | 6.39 | 1,000.00 | 1,018.65 | 1.25 | 6.27 | |||||||||||||||||||||||||||
ING International Small Cap Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,084.30 | 1.69 | 8.76 | 1,000.00 | 1,016.46 | 1.69 | 8.47 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 1,081.00 | 2.34 | 12.11 | 1,000.00 | 1,013.23 | 2.34 | 11.71 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 1,080.90 | 2.34 | 12.11 | 1,000.00 | 1,013.23 | 2.34 | 11.71 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,086.80 | 1.26 | 6.54 | 1,000.00 | 1,018.60 | 1.26 | 6.32 | |||||||||||||||||||||||||||
Class O | 1,000.00 | 1,085.00 | 1.59 | 8.24 | 1,000.00 | 1,016.96 | 1.59 | 7.97 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,086.20 | 1.34 | 6.95 | 1,000.00 | 1,018.20 | 1.34 | 6.72 | |||||||||||||||||||||||||||
ING International Value Choice Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 928.70 | 1.60 | 7.67 | 1,000.00 | 1,016.91 | 1.60 | 8.02 | |||||||||||||||||||||||||||
Class B | 1,000.00 | 925.70 | 2.35 | 11.25 | 1,000.00 | 1,013.18 | 2.35 | 11.76 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 926.30 | 2.35 | 11.26 | 1,000.00 | 1,013.18 | 2.35 | 11.76 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 929.90 | 1.35 | 6.48 | 1,000.00 | 1,018.15 | 1.35 | 6.77 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 929.70 | 1.35 | 6.48 | 1,000.00 | 1,018.15 | 1.35 | 6.77 |
* | Expenses are equal to each Funds’ respective annualized expense ratios multiplied by the average account value over the period, multiplied by 182/366 to reflect the most recent fiscal half-year. |
Actual Fund Return | Hypothetical (5% return before expenses) | | |||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | Beginning Account Value November 1, 2011 | Ending Account Value April 30, 2012 | Annualized Expense Ratio | Expenses Paid During the Period Ended April 30, 2012* | ||||||||||||||||||||||||||||
ING International Value Fund | |||||||||||||||||||||||||||||||||||
Class A | $1,000.00 | $ | 997.40 | 1.63 | % | $ 8.09 | $1,000.00 | $ | 1,016.76 | 1.63 | % | $ 8.17 | |||||||||||||||||||||||
Class B | 1,000.00 | 994.00 | 2.33 | 11.55 | 1,000.00 | 1,013.28 | 2.33 | 11.66 | |||||||||||||||||||||||||||
Class C | 1,000.00 | 994.20 | 2.33 | 11.55 | 1,000.00 | 1,013.28 | 2.33 | 11.66 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 999.10 | 1.23 | 6.11 | 1,000.00 | 1,018.75 | 1.23 | 6.17 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 999.20 | 1.33 | 6.61 | 1,000.00 | 1,018.25 | 1.33 | 6.67 | |||||||||||||||||||||||||||
ING Russia Fund | |||||||||||||||||||||||||||||||||||
Class A | 1,000.00 | 1,004.20 | 2.18 | 10.86 | 1,000.00 | 1,014.02 | 2.18 | 10.92 | |||||||||||||||||||||||||||
Class I | 1,000.00 | 1,006.20 | 1.88 | 9.38 | 1,000.00 | 1,015.51 | 1.88 | 9.42 | |||||||||||||||||||||||||||
Class W | 1,000.00 | 1,005.60 | 1.93 | 9.62 | 1,000.00 | 1,015.27 | 1.93 | 9.67 |
* | Expenses are equal to each Funds’ respective annualized expense ratios multiplied by the average account value over the period, multiplied by 182/366 to reflect the most recent fiscal half-year. |
ING Diversified International Fund | ING Emerging Countries Fund | ING Emerging Markets Equity Fund | ING Global Bond Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 5,063,130 | $ | 80,648,482 | $ | 89,651,517 | $ | 597,489,692 | ||||||||||
Investments in affiliated underlying funds** | 107,815,841 | — | — | — | ||||||||||||||
Short-term investments at value*** | — | 2,063,440 | 3,473,684 | 24,295,613 | ||||||||||||||
Short-term investments at amortized cost | — | — | — | 122,714,255 | ||||||||||||||
Cash | 12,232 | 75,061 | 1,414,334 | 947,004 | ||||||||||||||
Cash collateral for futures | — | — | — | 4,777,235 | ||||||||||||||
Receivable for derivatives collateral (Note 2) | — | — | 64,000 | 22,070,000 | ||||||||||||||
Foreign currencies at value***** | — | 165,602 | 554,169 | 1,724,011 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investments in affiliated underlying funds sold | 11,969,161 | — | — | — | ||||||||||||||
Investments securities sold | — | 629,430 | 6,461 | 7,289,766 | ||||||||||||||
Fund shares sold | 175,682 | 43,903 | 9,431,364 | 29,528,427 | ||||||||||||||
Dividends | — | 211,182 | 248,426 | 668 | ||||||||||||||
Interest | — | 424 | — | 7,311,993 | ||||||||||||||
Variation margin | — | — | 6,490 | — | ||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 14,005,491 | ||||||||||||||
Upfront payments paid on OTC swap agreements | — | — | — | 320,393 | ||||||||||||||
Unrealized appreciation on OTC swap agreements | — | — | — | 2,082,863 | ||||||||||||||
Prepaid expenses | 51,327 | 36,798 | 82,331 | 63,814 | ||||||||||||||
Reimbursement due from manager | 7,215 | 2,413 | 24,527 | 15,783 | ||||||||||||||
Total assets | 125,094,588 | 83,876,735 | 104,957,303 | 834,637,008 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investments in affiliated underlying funds purchased | 11,873,009 | — | — | — | ||||||||||||||
Payable for investment securities purchased | — | 345,106 | 6,481 | 28,195,402 | ||||||||||||||
Payable for investment securities purchased on a delayed-delivery or when-issued basis | — | — | — | 1,820,432 | ||||||||||||||
Payable for fund shares redeemed | 336,173 | 46,932 | 7,565,282 | 61,729,082 | ||||||||||||||
Payable for foreign cash collateral for futures******* | — | — | — | 542,659 | ||||||||||||||
Payable upon receipt of securities loaned | — | 2,063,440 | 3,473,684 | — | ||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | — | 14,729,043 | ||||||||||||||
Upfront payments received on OTC swap agreements | — | — | — | 5,854,563 | ||||||||||||||
Unrealized depreciation on OTC swap agreements | — | — | — | 14,425,738 | ||||||||||||||
Payable to affiliates | 56,881 | 96,170 | 83,256 | 428,021 | ||||||||||||||
Payable for trustee fees | 583 | 410 | 453 | 3,382 | ||||||||||||||
Payable for derivatives collateral (Note 2) | — | — | — | 3,010,000 | ||||||||||||||
Other accrued expenses and liabilities | 180,441 | 94,537 | 136,467 | 142,388 | ||||||||||||||
Written options, at fair valueˆ | — | — | — | 733,398 | ||||||||||||||
Total liabilities | 12,467,087 | 2,646,595 | 11,265,623 | 131,614,108 | ||||||||||||||
NET ASSETS | $ | 112,647,501 | $ | 81,230,140 | $ | 93,691,680 | $ | 703,022,900 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 270,582,140 | $ | 147,275,185 | $ | 82,018,337 | $ | 704,721,287 | ||||||||||
Undistributed (distributions in excess of) net investment income / Accumulated net investment loss | 290,300 | (132,638 | ) | 295,484 | (3,006,703 | ) | ||||||||||||
Accumulated net realized gain (loss) | (162,323,842 | ) | (68,579,814 | ) | 1,574,535 | 671,360 | ||||||||||||
Net unrealized appreciation | 4,098,903 | 2,667,407 | 9,803,324 | 636,956 | ||||||||||||||
NET ASSETS | $ | 112,647,501 | $ | 81,230,140 | $ | 93,691,680 | $ | 703,022,900 | ||||||||||
+ Including securities loaned at value | $ | — | $ | 1,999,361 | $ | 3,359,384 | $ | — | ||||||||||
* Cost of investments in securities | $ | 5,266,707 | $ | 77,980,786 | $ | 79,831,035 | $ | 584,885,762 | ||||||||||
** Cost of investments in affiliated underlying funds | $ | 103,513,362 | $ | — | $ | — | $ | — | ||||||||||
*** Cost of short-term investments | $ | — | $ | 2,063,440 | $ | 3,473,684 | $ | 24,112,619 | ||||||||||
***** Cost of foreign currencies | $ | — | $ | 165,084 | $ | 572,041 | $ | 1,777,449 | ||||||||||
******* Cost of payable for foreign cash collateral for futures | $ | — | $ | — | $ | — | $ | 542,659 | ||||||||||
ˆ Premiums received on written options | $ | — | $ | — | $ | — | $ | 1,498,799 |
ING Diversified International Fund | ING Emerging Countries Fund | ING Emerging Markets Equity Fund | ING Global Bond Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A | ||||||||||||||||||
Net assets | $ | 53,339,158 | $ | 58,811,717 | $ | 150,403 | $ | 206,518,564 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 5,964,784 | 2,327,821 | 13,235 | 17,851,697 | ||||||||||||||
Net asset value and redemption price per share | $ | 8.94 | $ | 25.26 | $ | 11.36 | $ | 11.57 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 9.49 | $ | 26.80 | $ | 12.05 | $ | 11.87 | (2) | |||||||||
Class B | ||||||||||||||||||
Net assets | $ | 9,013,607 | $ | 1,481,770 | $ | n/a | $ | 1,912,980 | ||||||||||
Shares authorized | unlimited | unlimited | n/a | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | n/a | $ | — | ||||||||||
Shares outstanding | 1,007,558 | 60,252 | n/a | 166,942 | ||||||||||||||
Net asset value and redemption price per share† | $ | 8.95 | $ | 24.59 | $ | n/a | $ | 11.46 | ||||||||||
Class C | ||||||||||||||||||
Net assets | $ | 34,298,142 | $ | 10,171,168 | $ | 3,406 | $ | 102,977,438 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 3,842,459 | 440,515 | 301 | 8,953,083 | ||||||||||||||
Net asset value and redemption price per share† | $ | 8.93 | $ | 23.09 | $ | 11.32 | $ | 11.50 | ||||||||||
Class I | ||||||||||||||||||
Net assets | $ | 10,995,533 | $ | 7,657,980 | $ | 91,562,581 | $ | 359,389,511 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 1,234,416 | 300,182 | 8,046,162 | 31,163,846 | ||||||||||||||
Net asset value and redemption price per share | $ | 8.91 | $ | 25.51 | $ | 11.38 | $ | 11.53 | ||||||||||
Class O | ||||||||||||||||||
Net assets | $ | 3,976,519 | $ | n/a | $ | n/a | $ | 4,124,900 | ||||||||||
Shares authorized | unlimited | n/a | n/a | unlimited | ||||||||||||||
Par value | $ | — | $ | n/a | $ | n/a | $ | — | ||||||||||
Shares outstanding | 448,523 | n/a | n/a | 362,999 | ||||||||||||||
Net asset value and redemption price per share | $ | 8.87 | $ | n/a | $ | n/a | $ | 11.36 | ||||||||||
Class R | ||||||||||||||||||
Net assets | $ | 102,428 | $ | n/a | $ | 3,416 | $ | 263,791 | ||||||||||
Shares authorized | unlimited | n/a | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | n/a | $ | — | $ | — | ||||||||||
Shares outstanding | 11,591 | n/a | 301 | 22,833 | ||||||||||||||
Net asset value and redemption price per share | $ | 8.84 | $ | n/a | $ | 11.35 | $ | 11.55 | ||||||||||
Class W | ||||||||||||||||||
Net assets | $ | 922,114 | $ | 3,107,505 | $ | 1,971,874 | $ | 27,835,716 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 103,846 | 116,696 | 173,337 | 2,450,564 | ||||||||||||||
Net asset value and redemption price per share | $ | 8.88 | $ | 26.63 | $ | 11.38 | $ | 11.36 | ||||||||||
(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) | Maximum offering price is 2.50% and is computed at 100/97.50 of net asset value. On purchases of $100,000 or more, the offering price is reduced. |
† | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Opportunities Fund | ING Global Real Estate Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 74,337,035 | $ | 105,369,764 | $ | 56,250,580 | $ | 3,941,888,521 | ||||||||||
Short-term investments at value*** | 1,132,312 | 1,179,000 | 1,602,110 | 78,680,581 | ||||||||||||||
Cash | 1,045,116 | 740 | 407,246 | — | ||||||||||||||
Foreign currencies at value***** | 1,425,757 | 24,678 | 573,444 | 2,255,066 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investments securities sold | 9,533 | 3,510,882 | 25,192 | 9,859,037 | ||||||||||||||
Fund shares sold | 131,287 | 4,979 | 3,585 | 13,521,424 | ||||||||||||||
Dividends | 305,741 | 56,077 | 181,422 | 11,833,196 | ||||||||||||||
Foreign tax reclaims | 67,357 | 481 | 57,566 | 90,291 | ||||||||||||||
Prepaid expenses | 33,637 | 22,614 | 23,402 | 156,362 | ||||||||||||||
Reimbursement due from manager | 9,012 | — | 24,658 | — | ||||||||||||||
Total assets | 78,496,787 | 110,169,215 | 59,149,205 | 4,058,284,478 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 9,748 | 2,539,423 | 231,312 | 5,459,697 | ||||||||||||||
Payable for fund shares redeemed | 236,486 | 125,980 | 452,465 | 14,051,278 | ||||||||||||||
Payable upon receipt of securities loaned | 1,132,312 | — | 1,602,110 | 24,619,816 | ||||||||||||||
Payable to affiliates | 81,232 | 105,185 | 74,679 | 3,049,968 | ||||||||||||||
Payable for trustee fees | 387 | 562 | 299 | 18,154 | ||||||||||||||
Other accrued expenses and liabilities | 85,336 | 76,109 | 112,173 | 1,437,132 | ||||||||||||||
Total liabilities | 1,545,501 | 2,847,259 | 2,473,038 | 48,636,045 | ||||||||||||||
NET ASSETS | $ | 76,951,286 | $ | 107,321,956 | $ | 56,676,167 | $ | 4,009,648,433 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 157,939,521 | $ | 111,745,103 | $ | 162,110,931 | $ | 4,067,038,647 | ||||||||||
Undistributed (distributions in excess of) net investment income | 124,316 | (176,856 | ) | 50,941 | 31,676,224 | |||||||||||||
Accumulated net realized loss | (83,073,276 | ) | (15,834,226 | ) | (112,522,447 | ) | (935,359,933 | ) | ||||||||||
Net unrealized appreciation | 1,960,725 | 11,587,935 | 7,036,742 | 846,293,495 | ||||||||||||||
NET ASSETS | $ | 76,951,286 | $ | 107,321,956 | $ | 56,676,167 | $ | 4,009,648,433 | ||||||||||
+ Including securities loaned at value | $ | 1,089,165 | $ | — | $ | 1,536,024 | $ | 22,936,563 | ||||||||||
* Cost of investments in securities | $ | 72,375,869 | $ | 93,782,189 | $ | 49,216,098 | $ | 3,095,780,613 | ||||||||||
*** Cost of short-term investments | $ | 1,132,312 | ��$ | 1,179,000 | $ | 1,602,110 | $ | 78,680,581 | ||||||||||
***** Cost of foreign currencies | $ | 1,428,250 | $ | 24,416 | $ | 570,288 | $ | 2,255,778 |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Opportunities Fund | ING Global Real Estate Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A | ||||||||||||||||||
Net assets | $ | 32,687,199 | $ | 100,203,454 | $ | 27,204,072 | $ | 1,307,699,689 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 3,084,712 | 10,939,798 | 1,937,523 | 76,870,115 | ||||||||||||||
Net asset value and redemption price per share | $ | 10.60 | $ | 9.16 | $ | 14.04 | $ | 17.01 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 11.25 | $ | 9.72 | $ | 14.90 | $ | 18.05 | ||||||||||
Class B | ||||||||||||||||||
Net assets | $ | 5,016,908 | $ | n/a | $ | 3,483,995 | $ | 13,863,478 | ||||||||||
Shares authorized | unlimited | n/a | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | n/a | $ | — | $ | — | ||||||||||
Shares outstanding | 474,613 | n/a | 260,589 | 987,837 | ||||||||||||||
Net asset value and redemption price per share† | $ | 10.57 | $ | n/a | $ | 13.37 | $ | 14.03 | ||||||||||
Class C | ||||||||||||||||||
Net assets | $ | 20,679,275 | $ | n/a | $ | 22,473,043 | $ | 210,709,728 | ||||||||||
Shares authorized | unlimited | n/a | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | n/a | $ | — | $ | — | ||||||||||
Shares outstanding | 1,962,746 | n/a | 1,680,672 | 14,144,595 | ||||||||||||||
Net asset value and redemption price per share† | $ | 10.54 | $ | n/a | $ | 13.37 | $ | 14.90 | ||||||||||
Class I | ||||||||||||||||||
Net assets | $ | 3,053,576 | $ | 5,101,254 | $ | 3,431,994 | $ | 2,167,016,449 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 287,773 | 554,014 | 238,654 | 127,367,062 | ||||||||||||||
Net asset value and redemption price per share | $ | 10.61 | $ | 9.21 | $ | 14.38 | $ | 17.01 | ||||||||||
Class O | ||||||||||||||||||
Net assets | $ | 13,944,276 | $ | n/a | $ | n/a | $ | 14,275,300 | ||||||||||
Shares authorized | unlimited | n/a | n/a | unlimited | ||||||||||||||
Par value | $ | — | $ | n/a | $ | n/a | $ | — | ||||||||||
Shares outstanding | 1,318,376 | n/a | n/a | 839,117 | ||||||||||||||
Net asset value and redemption price per share | $ | 10.58 | $ | n/a | $ | n/a | $ | 17.01 | ||||||||||
Class R | ||||||||||||||||||
Net assets | $ | n/a | $ | n/a | $ | n/a | $ | 194,379 | ||||||||||
Shares authorized | n/a | n/a | n/a | unlimited | ||||||||||||||
Par value | $ | n/a | $ | n/a | $ | n/a | $ | — | ||||||||||
Shares outstanding | n/a | n/a | n/a | 11,445 | ||||||||||||||
Net asset value and redemption price per share | $ | n/a | $ | n/a | $ | n/a | $ | 16.98 | ||||||||||
Class W | ||||||||||||||||||
Net assets | $ | 1,570,052 | $ | 2,017,248 | $ | 83,063 | $ | 295,889,410 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 135,100 | 174,163 | 5,391 | 17,360,943 | ||||||||||||||
Net asset value and redemption price per share | $ | 11.62 | $ | 11.58 | $ | 15.41 | $ | 17.04 | ||||||||||
(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. |
† | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Global Value Choice Fund | ING Greater China Fund | ING Index Plus International Equity Fund | ING International Core Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 296,700,643 | $ | 31,609,521 | $ | 85,814,053 | $ | 336,607,424 | ||||||||||
Short-term investments at value*** | 9,101,221 | — | 2,376,549 | 6,011,371 | ||||||||||||||
Cash | 115,221 | 34,805 | — | 639,115 | ||||||||||||||
Cash collateral for futures | — | — | 149,985 | — | ||||||||||||||
Foreign currencies at value***** | 481,292 | 5,805 | 70,246 | 141,551 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investments securities sold | 9,511,045 | 391,353 | 5,559,879 | 36,591,766 | ||||||||||||||
Fund shares sold | 69,311 | 1,198 | 70,657 | 14,526,671 | ||||||||||||||
Dividends | 1,048,159 | 13,442 | 511,894 | 1,555,238 | ||||||||||||||
Foreign tax reclaims | — | — | 115,276 | 389,061 | ||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 319,948 | ||||||||||||||
Prepaid expenses | 59,003 | 43,333 | 44,083 | 2,200 | ||||||||||||||
Reimbursement due from manager | — | 5,363 | 9,813 | 13,076 | ||||||||||||||
Total assets | 317,085,895 | 32,104,820 | 94,722,435 | 396,797,421 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 2,833,938 | 195,733 | 40,718 | 12,780,813 | ||||||||||||||
Payable for fund shares redeemed | 5,107,882 | 100,261 | 7,200,212 | 44,396,225 | ||||||||||||||
Payable upon receipt of securities loaned | 7,336,000 | — | — | — | ||||||||||||||
Payable to affiliates | 380,131 | 42,211 | 60,206 | 255,895 | ||||||||||||||
Payable to custodian due to bank overdraft | — | — | 174,394 | — | ||||||||||||||
Payable for trustee fees | 2,583 | 162 | 468 | 1,782 | ||||||||||||||
Other accrued expenses and liabilities | 86,801 | 68,290 | 233,015 | 168,590 | ||||||||||||||
Total liabilities | 15,747,335 | 406,657 | 7,709,013 | 57,603,305 | ||||||||||||||
NET ASSETS | $ | 301,338,560 | $ | 31,698,163 | $ | 87,013,422 | $ | 339,194,116 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 357,083,324 | $ | 29,785,583 | $ | 157,028,157 | $ | 359,532,528 | ||||||||||
Undistributed net investment income/ accumulated net investment loss | 593,516 | (298,248 | ) | 1,210,730 | 1,846,392 | |||||||||||||
Accumulated net realized loss | (16,550,309 | ) | (1,913,863 | ) | (80,717,323 | ) | (30,368,030 | ) | ||||||||||
Net unrealized appreciation (depreciation) | (39,787,971 | ) | 4,124,691 | 9,491,858 | 8,183,226 | |||||||||||||
NET ASSETS | $ | 301,338,560 | $ | 31,698,163 | $ | 87,013,422 | $ | 339,194,116 | ||||||||||
+ Including securities loaned at value | $ | 7,032,505 | $ | — | $ | — | $ | — | ||||||||||
* Cost of investments in securities | $ | 336,519,198 | $ | 27,485,362 | $ | 76,344,539 | $ | 328,764,318 | ||||||||||
*** Cost of short-term investments | $ | 9,101,221 | $ | — | $ | 2,376,549 | $ | 6,011,371 | ||||||||||
***** Cost of foreign currencies | $ | 481,278 | $ | 5,792 | $ | 70,096 | $ | 141,551 |
ING Global Value Choice Fund | ING Greater China Fund | ING Index Plus International Equity Fund | ING International Core Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A | ||||||||||||||||||
Net assets | $ | 131,779,211 | $ | 19,583,266 | $ | 7,283,068 | $ | n/a | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | n/a | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | n/a | ||||||||||
Shares outstanding | 5,010,667 | 1,334,013 | 939,228 | n/a | ||||||||||||||
Net asset value and redemption price per share | $ | 26.30 | $ | 14.68 | $ | 7.75 | $ | n/a | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | 27.90 | $ | 15.58 | $ | 8.22 | $ | n/a | ||||||||||
Class B | ||||||||||||||||||
Net assets | $ | 4,349,128 | $ | 1,717,325 | $ | 319,630 | $ | n/a | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | n/a | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | n/a | ||||||||||
Shares outstanding | 153,260 | 119,125 | 40,738 | n/a | ||||||||||||||
Net asset value and redemption price per share† | $ | 28.38 | $ | 14.42 | $ | 7.85 | $ | n/a | ||||||||||
Class C | ||||||||||||||||||
Net assets | $ | 85,014,508 | $ | 3,314,725 | $ | 1,050,236 | $ | n/a | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | n/a | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | n/a | ||||||||||
Shares outstanding | 3,452,304 | 229,883 | 135,569 | n/a | ||||||||||||||
Net asset value and redemption price per share† | $ | 24.63 | $ | 14.42 | $ | 7.75 | $ | n/a | ||||||||||
Class I | ||||||||||||||||||
Net assets | $ | 63,206,704 | $ | 2,551,624 | $ | 40,782,485 | $ | 339,194,116 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 2,381,491 | 172,997 | 5,255,518 | 36,520,423 | ||||||||||||||
Net asset value and redemption price per share | $ | 26.54 | $ | 14.75 | $ | 7.76 | $ | 9.29 | ||||||||||
Class O | ||||||||||||||||||
Net assets | $ | n/a | $ | 4,528,373 | $ | 37,575,074 | $ | n/a | ||||||||||
Shares authorized | n/a | unlimited | unlimited | n/a | ||||||||||||||
Par value | $ | n/a | $ | — | $ | — | $ | n/a | ||||||||||
Shares outstanding | n/a | 311,077 | 4,882,440 | n/a | ||||||||||||||
Net asset value and redemption price per share | $ | n/a | $ | 14.56 | $ | 7.70 | $ | n/a | ||||||||||
Class W | �� | |||||||||||||||||
Net assets | $ | 16,989,009 | $ | 2,850 | $ | 2,929 | $ | n/a | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | n/a | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | n/a | ||||||||||
Shares outstanding | 640,831 | 193 | 378 | n/a | ||||||||||||||
Net asset value and redemption price per share | $ | 26.51 | $ | 14.73 | $ | 7.74 | $ | n/a | ||||||||||
(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. |
† | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING International Growth Fund | ING International Real Estate Fund | ING International Small Cap Fund | ING International Value Choice Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||||||||||
Investments in securities at value+* | $ | 144,973,062 | $ | 460,845,304 | $ | 259,394,298 | $ | 26,120,223 | ||||||||||
Short-term investments at value*** | 3,710,508 | — | 1,890,747 | 423,849 | ||||||||||||||
Cash | 7,787,260 | 3,804,897 | 2,890,390 | — | ||||||||||||||
Foreign currencies at value***** | 534 | 299,865 | 948,297 | 34,698 | ||||||||||||||
Receivables: | ||||||||||||||||||
Investments securities sold | 3,956,928 | 13,877,521 | 8,902,617 | 247,908 | ||||||||||||||
Fund shares sold | 1,764,209 | 356,859 | 78,660 | 122,386 | ||||||||||||||
Dividends | 479,422 | 2,567,402 | 1,178,113 | 112,233 | ||||||||||||||
Interest | — | 50 | — | — | ||||||||||||||
Foreign tax reclaims | 159,074 | 26,454 | 192,743 | 22,625 | ||||||||||||||
Prepaid expenses | 16,607 | 44,068 | 56,495 | 40,271 | ||||||||||||||
Reimbursement due from manager | 2,092 | — | — | 1,487 | ||||||||||||||
Total assets | 162,849,696 | 481,822,420 | 275,532,360 | 27,125,680 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||
Payable for investment securities purchased | 1,430,439 | 960,655 | 4,138,942 | 57,612 | ||||||||||||||
Payable for fund shares redeemed | 15,074,667 | 6,178,859 | 6,622,754 | 31,352 | ||||||||||||||
Payable upon receipt of securities loaned | 2,772,080 | — | 741,188 | — | ||||||||||||||
Payable to affiliates | 108,367 | 459,873 | 338,867 | 27,273 | ||||||||||||||
Payable for trustee fees | 761 | 2,317 | 1,364 | 142 | ||||||||||||||
Other accrued expenses and liabilities | 133,968 | 290,030 | 193,111 | 42,699 | ||||||||||||||
Total liabilities | 19,520,282 | 7,891,734 | 12,036,226 | 159,078 | ||||||||||||||
NET ASSETS | $ | 143,329,414 | $ | 473,930,686 | $ | 263,496,134 | $ | 26,966,602 | ||||||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||||||||||
Paid-in capital | $ | 147,420,048 | $ | 743,561,353 | $ | 525,831,122 | $ | 46,527,802 | ||||||||||
Undistributed (distributions in excess of) net investment income | 1,419,912 | 1,215,122 | (58,952 | ) | 127,613 | |||||||||||||
Accumulated net realized loss | (4,310,838 | ) | (342,446,068 | ) | (282,848,960 | ) | (15,852,448 | ) | ||||||||||
Net unrealized appreciation (depreciation) | (1,199,708 | ) | 71,600,279 | 20,572,924 | (3,836,365 | ) | ||||||||||||
NET ASSETS | $ | 143,329,414 | $ | 473,930,686 | $ | 263,496,134 | $ | 26,966,602 | ||||||||||
+ Including securities loaned at value | $ | 2,640,845 | $ | — | $ | 683,603 | $ | — | ||||||||||
* Cost of investments in securities | $ | 146,174,950 | $ | 389,279,484 | $ | 238,846,461 | $ | 29,958,043 | ||||||||||
*** Cost of short-term investments | $ | 3,710,508 | $ | — | $ | 1,890,747 | $ | 423,849 | ||||||||||
***** Cost of foreign currencies | $ | 4,520 | $ | 299,720 | $ | 934,884 | $ | 34,662 |
ING International Growth Fund | ING International Real Estate Fund | ING International Small Cap Fund | ING International Value Choice Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class A | ||||||||||||||||||
Net assets | $ | n/a | $ | 177,122,801 | $ | 94,763,923 | $ | 18,274,304 | ||||||||||
Shares authorized | n/a | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | n/a | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | n/a | 21,708,499 | 2,513,919 | 2,001,593 | ||||||||||||||
Net asset value and redemption price per share | $ | n/a | $ | 8.16 | $ | 37.70 | $ | 9.13 | ||||||||||
Maximum offering price per share (5.75%)(1) | $ | n/a | $ | 8.66 | $ | 40.00 | $ | 9.69 | ||||||||||
Class B | ||||||||||||||||||
Net assets | $ | n/a | $ | 1,728,805 | $ | 2,227,542 | $ | 409,888 | ||||||||||
Shares authorized | n/a | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | n/a | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | n/a | 212,493 | 55,816 | 45,228 | ||||||||||||||
Net asset value and redemption price per share† | $ | n/a | $ | 8.14 | $ | 39.91 | $ | 9.06 | ||||||||||
Class C | ||||||||||||||||||
Net assets | $ | n/a | $ | 16,646,916 | $ | 23,039,356 | $ | 3,736,648 | ||||||||||
Shares authorized | n/a | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | n/a | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | n/a | 2,047,626 | 654,589 | 413,509 | ||||||||||||||
Net asset value and redemption price per share† | $ | n/a | $ | 8.13 | $ | 35.20 | $ | 9.04 | ||||||||||
Class I | ||||||||||||||||||
Net assets | $ | 143,329,414 | $ | 267,689,302 | $ | 108,165,273 | $ | 2,572,689 | ||||||||||
Shares authorized | unlimited | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | 14,766,797 | 32,785,767 | 2,871,981 | 282,028 | ||||||||||||||
Net asset value and redemption price per share | $ | 9.71 | $ | 8.16 | $ | 37.66 | $ | 9.12 | ||||||||||
Class O | ||||||||||||||||||
Net assets | $ | n/a | $ | n/a | $ | 1,681,125 | $ | n/a | ||||||||||
Shares authorized | n/a | n/a | unlimited | n/a | ||||||||||||||
Par value | $ | n/a | $ | n/a | $ | — | $ | n/a | ||||||||||
Shares outstanding | n/a | n/a | 45,013 | n/a | ||||||||||||||
Net asset value and redemption price per share | $ | n/a | $ | n/a | $ | 37.35 | $ | n/a | ||||||||||
Class W | ||||||||||||||||||
Net assets | $ | n/a | $ | 10,742,862 | $ | 33,618,915 | $ | 1,973,073 | ||||||||||
Shares authorized | n/a | unlimited | unlimited | unlimited | ||||||||||||||
Par value | $ | n/a | $ | — | $ | — | $ | — | ||||||||||
Shares outstanding | n/a | 1,311,787 | 750,891 | 216,319 | ||||||||||||||
Net asset value and redemption price per share | $ | n/a | $ | 8.19 | $ | 44.77 | $ | 9.12 |
(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. |
† | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING International Value Fund | ING Russia Fund | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
ASSETS: | ||||||||||
Investments in securities at value+* | $ | 550,901,487 | $ | 295,926,704 | ||||||
Short-term investments at value*** | 1,230,304 | 3,579,863 | ||||||||
Cash | 2,828,233 | 2,940,924 | ||||||||
Foreign currencies at value***** | 807,019 | 666,222 | ||||||||
Receivables: | ||||||||||
Investments securities sold | 4,166,598 | 414,961 | ||||||||
Fund shares sold | 847,980 | 87,127 | ||||||||
Dividends | 4,848,788 | 347,642 | ||||||||
Foreign tax reclaims | 2,371,573 | — | ||||||||
Prepaid expenses | 49,721 | 26,978 | ||||||||
Total assets | 568,051,703 | 303,990,421 | ||||||||
LIABILITIES: | ||||||||||
Payable for investment securities purchased | 169,327 | — | ||||||||
Payable for fund shares redeemed | 655,682 | 602,780 | ||||||||
Payable upon receipt of securities loaned | 1,163,203 | 3,579,863 | ||||||||
Payable to affiliates | 693,658 | 399,009 | ||||||||
Payable for trustee fees | 3,136 | 1,448 | ||||||||
Other accrued expenses and liabilities | 584,333 | 507,796 | ||||||||
Total liabilities | 3,269,339 | 5,090,896 | ||||||||
NET ASSETS | $ | 564,782,364 | $ | 298,899,525 | ||||||
NET ASSETS WERE COMPRISED OF: | ||||||||||
Paid-in capital | $ | 1,557,388,761 | $ | 326,137,929 | ||||||
Undistributed net investment income/ accumulated net investment loss | 2,953,215 | (2,476,376 | ) | |||||||
Accumulated net realized loss | (943,316,643 | ) | (98,703,882 | ) | ||||||
Net unrealized appreciation (depreciation) | (52,242,969 | ) | 73,941,854 | |||||||
NET ASSETS | $ | 564,782,364 | $ | 298,899,525 | ||||||
+ Including securities loaned at value | $ | 1,107,006 | $ | 3,421,824 | ||||||
* Cost of investments in securities | $ | 603,391,460 | $ | 222,011,774 | ||||||
*** Cost of short-term investments | $ | 1,230,304 | $ | 3,579,863 | ||||||
***** Cost of foreign currencies | $ | 804,036 | $ | 639,328 |
ING International Value Fund | ING Russia Fund | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Class A | ||||||||||
Net assets | $ | 231,858,204 | $ | 285,505,264 | ||||||
Shares authorized | unlimited | unlimited | ||||||||
Par value | $ | 0.010 | $ | — | ||||||
Shares outstanding | 22,601,350 | 8,483,093 | ||||||||
Net asset value and redemption price per share | $ | 10.26 | $ | 33.66 | ||||||
Maximum offering price per share (5.75%)(1) | $ | 10.89 | $ | 35.71 | ||||||
Class B | ||||||||||
Net assets | $ | 941,038 | $ | n/a | ||||||
Shares authorized | unlimited | n/a | ||||||||
Par value | $ | 0.010 | $ | n/a | ||||||
Shares outstanding | 90,738 | n/a | ||||||||
Net asset value and redemption price per share† | $ | 10.37 | $ | n/a | ||||||
Class C | ||||||||||
Net assets | $ | 116,925,934 | $ | n/a | ||||||
Shares authorized | unlimited | n/a | ||||||||
Par value | $ | 0.010 | $ | n/a | ||||||
Shares outstanding | 11,738,280 | n/a | ||||||||
Net asset value and redemption price per share† | $ | 9.96 | $ | n/a | ||||||
Class I | ||||||||||
Net assets | $ | 214,774,204 | $ | 13,387,298 | ||||||
Shares authorized | unlimited | unlimited | ||||||||
Par value | $ | 0.010 | $ | — | ||||||
Shares outstanding | 21,029,868 | 393,694 | ||||||||
Net asset value and redemption price per share | $ | 10.21 | $ | 34.00 | ||||||
Class W | ||||||||||
Net assets | $ | 282,984 | $ | 6,963 | ||||||
Shares authorized | unlimited | unlimited | ||||||||
Par value | $ | 0.010 | $ | — | ||||||
Shares outstanding | 27,698 | 205 | ||||||||
Net asset value and redemption price per share | $ | 10.22 | $ | 33.93 | ||||||
(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. |
† | Redemption price per share may be reduced for any applicable contingent deferred sales charges. |
ING Diversified International Fund | ING Emerging Countries Fund | ING Emerging Markets Equity Fund | ING Global Bond Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||||||||||
Dividends from affiliated underlying funds | $ | 1,796,118 | $ | — | $ | — | $ | — | ||||||||||
Dividends, net of foreign taxes withheld* | — | 635,117 | 878,828 | 5,436 | ||||||||||||||
Interest, net of foreign taxes withheld* | — | — | 54 | 14,101,982 | ||||||||||||||
Securities lending income, net | — | 7,715 | 5,659 | — | ||||||||||||||
Total investment income | 1,796,118 | 642,832 | 884,541 | 14,107,418 | ||||||||||||||
EXPENSES: | ||||||||||||||||||
Investment management fees | — | 407,891 | 450,992 | 1,345,247 | ||||||||||||||
Distribution and service fees: | ||||||||||||||||||
Class A | 69,682 | 102,811 | 67 | 269,492 | ||||||||||||||
Class B | 46,572 | 8,001 | — | 9,728 | ||||||||||||||
Class C | 176,647 | 50,132 | 16 | 472,413 | ||||||||||||||
Class O | 4,550 | — | — | 5,006 | ||||||||||||||
Class R | 287 | — | 7 | 106 | ||||||||||||||
Transfer agent fees: | ||||||||||||||||||
Class A | 58,512 | 49,346 | 10 | 80,961 | ||||||||||||||
Class B | 9,912 | 1,343 | — | 733 | ||||||||||||||
Class C | 37,736 | 8,423 | 2 | 35,481 | ||||||||||||||
Class I | 11,950 | 3,454 | 4,634 | 33,436 | ||||||||||||||
Class O | 4,300 | — | — | 1,503 | ||||||||||||||
Class R | 112 | — | 2 | 27 | ||||||||||||||
Class W | 1,021 | 2,883 | 35 | 8,908 | ||||||||||||||
Administrative service fees | 58,064 | 40,788 | 45,099 | 336,309 | ||||||||||||||
Shareholder reporting expense | 1,830 | 11,084 | 20,930 | 30,030 | ||||||||||||||
Registration fees | 52,988 | 37,395 | 41,060 | 78,748 | ||||||||||||||
Professional fees | 15,096 | 21,718 | 23,475 | 43,649 | ||||||||||||||
Custody and accounting expense | 13,170 | 53,858 | 79,807 | 109,764 | ||||||||||||||
Trustee fees | 1,752 | 1,230 | 1,360 | 10,145 | ||||||||||||||
Offering expense | — | — | 39,661 | — | ||||||||||||||
Miscellaneous expense | 7,363 | 6,682 | 7,467 | 16,692 | ||||||||||||||
Interest expense | 82 | — | — | 1,112 | ||||||||||||||
Total expenses | 571,626 | 807,039 | 714,624 | 2,889,490 | ||||||||||||||
Net waived and reimbursed fees | (129,289 | ) | (31,788 | ) | (149,959 | ) | (29,285 | ) | ||||||||||
Net expenses | 442,337 | 775,251 | 564,665 | 2,860,205 | ||||||||||||||
Net investment income (loss) | 1,353,781 | (132,419 | ) | 319,876 | 11,247,213 | |||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||
Investments | — | 12,488,069 | 1,608,099 | 7,627,535 | ||||||||||||||
Capital gain distributions from affiliated underlying funds | 180,357 | — | — | — | ||||||||||||||
Foreign currency related transactions | — | (333,361 | ) | (14,406 | ) | (5,856,218 | ) | |||||||||||
Futures | — | — | 352,686 | 3,105,385 | ||||||||||||||
Swaps | — | — | — | (4,543,371 | ) | |||||||||||||
Sale of affiliated underlying funds | 819,111 | — | — | — | ||||||||||||||
Written options | — | — | — | 2,145,718 | ||||||||||||||
Net realized gain | 999,468 | 12,154,708 | 1,946,379 | 2,479,049 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||
Investments | — | (10,599,236 | ) | 3,965,930 | 7,436,725 | |||||||||||||
Affiliated underlying funds | 2,898,898 | — | — | — | ||||||||||||||
Foreign currency related transactions | — | 4,155 | (32,287 | ) | (163,393 | ) | ||||||||||||
Futures | — | — | (419,148 | ) | (396,273 | ) | ||||||||||||
Swaps | — | — | — | (2,050,266 | ) | |||||||||||||
Written options | — | — | — | 494,242 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 2,898,898 | (10,595,081 | ) | 3,514,495 | 5,321,035 | |||||||||||||
Net realized and unrealized gain | 3,898,366 | 1,559,627 | 5,460,874 | 7,800,084 | ||||||||||||||
Increase in net assets resulting from operations | $ | 5,252,147 | $ | 1,427,208 | $ | 5,780,750 | $ | 19,047,297 | ||||||||||
* Foreign taxes withheld | $ | — | $ | 32,081 | $ | 57,799 | $ | 3,724 |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ING Global Opportunities Fund | ING Global Real Estate Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 1,291,501 | $ | 822,087 | $ | 558,242 | $ | 51,064,099 | ||||||||||
Interest | 1,583 | — | — | — | ||||||||||||||
Securities lending income, net | 12,262 | — | 32,291 | 95,655 | ||||||||||||||
Total investment income | 1,305,346 | 822,087 | 590,533 | 51,159,754 | ||||||||||||||
EXPENSES: | ||||||||||||||||||
Investment management fees | 270,088 | 480,710 | 267,279 | 12,855,614 | ||||||||||||||
Distribution and service fees: | ||||||||||||||||||
Class A | 40,607 | 130,331 | 35,197 | 1,533,123 | ||||||||||||||
Class B | 27,192 | — | 19,963 | 68,836 | ||||||||||||||
Class C | 104,996 | — | 116,875 | 1,002,064 | ||||||||||||||
Class O | 16,857 | — | — | 16,852 | ||||||||||||||
Class R | — | — | — | 161 | ||||||||||||||
Transfer agent fees: | ||||||||||||||||||
Class A | 24,445 | 92,937 | 31,879 | 1,067,101 | ||||||||||||||
Class B | 4,059 | — | 4,397 | 11,978 | ||||||||||||||
Class C | 15,773 | — | 26,368 | 174,366 | ||||||||||||||
Class I | 1,681 | 5,856 | 1,774 | 949,578 | ||||||||||||||
Class O | 10,181 | — | — | 11,730 | ||||||||||||||
Class R | — | — | — | 56 | ||||||||||||||
Class W | 1,192 | 1,870 | 93 | 233,061 | ||||||||||||||
Administrative service fees | 38,583 | 55,806 | 29,697 | 1,805,409 | ||||||||||||||
Shareholder reporting expense | 8,970 | 8,190 | 3,405 | 339,347 | ||||||||||||||
Registration fees | 43,062 | 26,827 | 37,260 | 197,909 | ||||||||||||||
Professional fees | 9,113 | 8,190 | 6,113 | 270,951 | ||||||||||||||
Custody and accounting expense | 18,894 | 23,114 | 6,125 | 646,534 | ||||||||||||||
Trustee fees | 1,164 | 1,683 | 896 | 54,461 | ||||||||||||||
Miscellaneous expense | 5,658 | 3,619 | 2,840 | 87,693 | ||||||||||||||
Interest expense | 12,727 | — | 219 | — | ||||||||||||||
Total expenses | 655,242 | 839,133 | 590,380 | 21,326,824 | ||||||||||||||
Net waived and reimbursed fees | (9,766 | ) | — | (50,565 | ) | — | ||||||||||||
Net expenses | 645,476 | 839,133 | 539,815 | 21,326,824 | ||||||||||||||
Net investment income (loss) | 659,870 | (17,046 | ) | 50,718 | 29,832,930 | |||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||
Investments | 776,276 | 719,534 | 550,902 | 16,455,799 | ||||||||||||||
Foreign currency related transactions | (52,926 | ) | 4,076 | (19,796 | ) | 21,620 | ||||||||||||
Net realized gain | 723,350 | 723,610 | 531,106 | 16,477,419 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||
Investments | 3,360,359 | (3,326,901 | ) | 2,830,424 | 288,970,835 | |||||||||||||
Foreign currency related transactions | (21,698 | ) | (4,490 | ) | 4,552 | 207,269 | ||||||||||||
Net change in unrealized appreciation (depreciation) | 3,338,661 | (3,331,391 | ) | 2,834,976 | 289,178,104 | |||||||||||||
Net realized and unrealized gain (loss) | 4,062,011 | (2,607,781 | ) | 3,366,082 | 305,655,523 | |||||||||||||
Increase (decrease) in net assets resulting from operations | $ | 4,721,881 | $ | (2,624,827 | ) | $ | 3,416,800 | $ | 335,488,453 | |||||||||
* Foreign taxes withheld | $ | 72,059 | $ | 25,330 | $ | 55,795 | $ | 2,686,331 |
ING Global Value Choice Fund | ING Greater China Fund | ING Index Plus International Equity Fund | ING International Core Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 5,076,222 | $ | 55,812 | $ | 1,870,476 | $ | 4,171,728 | ||||||||||
Interest | — | — | 407 | — | ||||||||||||||
Securities lending income, net | 52,730 | — | — | — | ||||||||||||||
Total investment income | 5,128,952 | 55,812 | 1,870,883 | 4,171,728 | ||||||||||||||
EXPENSES: | ||||||||||||||||||
Investment management fees | 2,285,892 | 185,505 | 256,212 | 1,329,269 | ||||||||||||||
Distribution and service fees: | ||||||||||||||||||
Class A | 242,841 | 25,085 | 8,924 | — | ||||||||||||||
Class B | 25,237 | 8,624 | 1,731 | — | ||||||||||||||
Class C | 594,624 | 17,550 | 4,801 | — | ||||||||||||||
Class O | — | 5,705 | 46,846 | — | ||||||||||||||
Transfer agent fees: | ||||||||||||||||||
Class A | 129,045 | 35,589 | 5,262 | — | ||||||||||||||
Class B | 3,391 | 3,058 | 255 | — | ||||||||||||||
Class C | 79,375 | 6,225 | 709 | — | ||||||||||||||
Class I | 57,022 | 2,217 | 5,092 | 551 | ||||||||||||||
Class O | — | 8,093 | 27,622 | — | ||||||||||||||
Class W | 15,132 | 5 | 3 | — | ||||||||||||||
Administrative service fees | 256,887 | 16,131 | 46,583 | 177,233 | ||||||||||||||
Shareholder reporting expense | 44,120 | 8,498 | 26,721 | 25,137 | ||||||||||||||
Registration fees | 68,422 | 44,741 | 46,641 | 38,892 | ||||||||||||||
Professional fees | 38,215 | 4,543 | 12,701 | 23,604 | ||||||||||||||
Custody and accounting expense | 225,730 | 33,117 | 138,026 | 168,637 | ||||||||||||||
Trustee fees | 7,749 | 487 | 1,406 | 5,346 | ||||||||||||||
Offering expense | — | — | — | 18,540 | ||||||||||||||
Miscellaneous expense | 2,742 | 5,132 | 8,045 | 9,541 | ||||||||||||||
Interest expense | 13,062 | 22 | — | — | ||||||||||||||
Total expenses | 4,089,486 | 410,327 | 637,580 | 1,796,750 | ||||||||||||||
Net waived and reimbursed fees | (46,036 | ) | (56,729 | ) | (187,931 | ) | (110,289 | ) | ||||||||||
Brokerage commission recapture | (98,055 | ) | — | — | (8,151 | ) | ||||||||||||
Net expenses | 3,945,395 | 353,598 | 449,649 | 1,678,310 | ||||||||||||||
Net investment income (loss) | 1,183,557 | (297,786 | ) | 1,421,234 | 2,493,418 | |||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||
Investments | (11,449,040 | ) | (654,646 | ) | (2,235,674 | ) | (9,503,130 | ) | ||||||||||
Foreign currency related transactions | (58,976 | ) | (7,145 | ) | (49,376 | ) | 430,147 | |||||||||||
Futures | — | — | 282,385 | — | ||||||||||||||
Net realized loss | (11,508,016 | ) | (661,791 | ) | (2,002,665 | ) | (9,072,983 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||
Investments | (22,892,438 | ) | 1,967,119 | 3,150,440 | 28,522,441 | |||||||||||||
Foreign currency related transactions | 66,766 | 540 | 54,159 | 61,351 | ||||||||||||||
Futures | — | — | (194,266 | ) | — | |||||||||||||
Net change in unrealized appreciation (depreciation) | (22,825,672 | ) | 1,967,659 | 3,010,333 | 28,583,792 | |||||||||||||
Net realized and unrealized gain (loss) | (34,333,688 | ) | 1,305,868 | 1,007,668 | 19,510,809 | |||||||||||||
Increase (decrease) in net assets resulting from operations | $ | (33,150,131 | ) | $ | 1,008,082 | $ | 2,428,902 | $ | 22,004,227 | |||||||||
* Foreign taxes withheld | $ | 344,437 | $ | 151 | $ | 147,091 | $ | 317,614 |
ING International Growth Fund | ING International Real Estate Fund | ING International Small Cap Fund | ING International Value Choice Fund | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 2,138,102 | $ | 8,108,396 | $ | 3,314,684 | $ | 408,524 | ||||||||||
Interest, net of foreign taxes withheld* | 107 | 343 | 82 | — | ||||||||||||||
Securities lending income, net | 70,572 | — | 20,349 | — | ||||||||||||||
Total investment income | 2,208,781 | 8,108,739 | 3,335,115 | 408,524 | ||||||||||||||
EXPENSES: | ||||||||||||||||||
Investment management fees | 567,436 | 2,198,318 | 1,356,881 | 141,050 | ||||||||||||||
Distribution and service fees: | ||||||||||||||||||
Class A | — | 217,739 | 164,183 | 24,522 | ||||||||||||||
Class B | — | 9,230 | 11,619 | 2,248 | ||||||||||||||
Class C | — | 85,102 | 112,513 | 20,435 | ||||||||||||||
Class O | — | — | 1,812 | — | ||||||||||||||
Transfer agent fees: | ||||||||||||||||||
Class A | — | 74,012 | 53,799 | 16,836 | ||||||||||||||
Class B | — | 784 | 1,324 | 385 | ||||||||||||||
Class C | — | 7,224 | 12,915 | 3,507 | ||||||||||||||
Class I | 80 | 34,118 | 19,197 | 621 | ||||||||||||||
Class O | — | — | 843 | — | ||||||||||||||
Class W | — | 4,570 | 17,637 | 576 | ||||||||||||||
Administrative service fees | 75,657 | 230,441 | 135,686 | 14,105 | ||||||||||||||
Shareholder reporting expense | 19,870 | 11,903 | 38,980 | 3,213 | ||||||||||||||
Registration fees | 21,493 | 40,115 | 48,434 | 38,022 | ||||||||||||||
Professional fees | 17,311 | 31,668 | 34,698 | 7,844 | ||||||||||||||
Custody and accounting expense | 76,563 | 163,466 | 109,624 | 10,965 | ||||||||||||||
Trustee fees | 2,282 | 6,951 | 4,093 | 425 | ||||||||||||||
Offering expense | 12,115 | — | — | — | ||||||||||||||
Miscellaneous expense | 5,020 | 17,270 | 12,252 | 2,986 | ||||||||||||||
Interest expense | — | 229 | 700 | — | ||||||||||||||
Total expenses | 797,827 | 3,133,140 | 2,137,190 | 287,740 | ||||||||||||||
Net waived and reimbursed fees | (47,502 | ) | (3,657 | ) | (59,483 | ) | (49,800 | ) | ||||||||||
Brokerage commission recapture | (420 | ) | — | — | (6,217 | ) | ||||||||||||
Net expenses | 749,905 | 3,129,483 | 2,077,707 | 231,723 | ||||||||||||||
Net investment income | 1,458,876 | 4,979,256 | 1,257,408 | 176,801 | ||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||
Investments | (4,181,056 | ) | 708,589 | (48,796 | ) | 282,899 | ||||||||||||
Foreign currency related transactions | (17,805 | ) | (4,552 | ) | (18,584 | ) | (11,878 | ) | ||||||||||
Net realized gain (loss) | (4,198,861 | ) | 704,037 | (67,380 | ) | 271,021 | ||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||
Investments | 12,868,115 | 19,301,208 | 17,104,147 | (2,605,900 | ) | |||||||||||||
Foreign currency related transactions | 7,631 | 52,292 | 47,709 | 4,295 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 12,875,746 | 19,353,500 | 17,151,856 | (2,601,605 | ) | |||||||||||||
Net realized and unrealized gain (loss) | 8,676,885 | 20,057,537 | 17,084,476 | (2,330,584 | ) | |||||||||||||
Increase (decrease) in net assets resulting from operations | $ | 10,135,761 | $ | 25,036,793 | $ | 18,341,884 | $ | (2,153,783 | ) | |||||||||
* Foreign taxes withheld | $ | 139,584 | $ | 658,456 | $ | 230,897 | $ | 38,759 |
ING International Value Fund | ING Russia Fund | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
INVESTMENT INCOME: | ||||||||||
Dividends, net of foreign taxes withheld* | $ | 9,687,137 | $ | 635,493 | ||||||
Interest, net of foreign taxes withheld* | — | 188 | ||||||||
Securities lending income, net | 6,219 | 217,287 | ||||||||
Total investment income | 9,693,356 | 852,968 | ||||||||
EXPENSES: | ||||||||||
Investment management fees | 3,119,027 | 1,912,083 | ||||||||
Distribution and service fees: | ||||||||||
Class A | 393,028 | 367,785 | ||||||||
Class B | 6,166 | — | ||||||||
Class C | 615,353 | — | ||||||||
Transfer agent fees: | ||||||||||
Class A | 212,537 | 209,673 | ||||||||
Class B | 1,059 | — | ||||||||
Class C | 100,265 | — | ||||||||
Class I | 79,725 | 5,666 | ||||||||
Class W | 242 | 3 | ||||||||
Administrative service fees | 311,898 | 152,965 | ||||||||
Shareholder reporting expense | 34,456 | 25,985 | ||||||||
Registration fees | 42,048 | 30,673 | ||||||||
Professional fees | 44,075 | 28,825 | ||||||||
Custody and accounting expense | 163,731 | 572,558 | ||||||||
Trustee fees | 9,408 | 4,614 | ||||||||
Miscellaneous expense | 30,361 | 11,885 | ||||||||
Interest expense | 4,760 | 163 | ||||||||
Total expenses | 5,168,139 | 3,322,878 | ||||||||
Net waived and reimbursed fees | (139,294 | ) | — | |||||||
Brokerage commission recapture | (11,742 | ) | — | |||||||
Net expenses | 5,017,103 | 3,322,878 | ||||||||
Net investment income (loss) | 4,676,253 | (2,469,910 | ) | |||||||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||||
Net realized gain (loss) on: | ||||||||||
Investments | (36,116,913 | ) | (593,224 | ) | ||||||
Foreign currency related transactions | (72,342 | ) | (108,661 | ) | ||||||
Net realized loss | (36,189,255 | ) | (701,885 | ) | ||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||
Investments | 26,550,126 | 3,269,875 | ||||||||
Foreign currency related transactions | 16,163 | 84,591 | ||||||||
Net change in unrealized appreciation (depreciation) | 26,566,289 | 3,354,466 | ||||||||
Net realized and unrealized gain (loss) | (9,622,966 | ) | 2,652,581 | |||||||
Increase (decrease) in net assets resulting from operations | $ | (4,946,713 | ) | $ | 182,671 | |||||
* Foreign taxes withheld | $ | 828,327 | $ | 53,726 |
ING Diversified International Fund | ING Emerging Countries Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 1,353,781 | $ | 1,061,111 | $ | (132,419 | ) | $ | 647,671 | ||||||||||
Net realized gain | 999,468 | 18,677,621 | 12,154,708 | 1,766,395 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | 2,898,898 | (28,118,960 | ) | (10,595,081 | ) | (28,437,751 | ) | ||||||||||||
Increase (decrease) in net assets resulting from operations | 5,252,147 | (8,380,228 | ) | 1,427,208 | (26,023,685 | ) | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (702,513 | ) | (849,416 | ) | — | (1,500 | ) | ||||||||||||
Class B | (25,317 | ) | (6,446 | ) | — | (47 | ) | ||||||||||||
Class C | (95,652 | ) | (41,009 | ) | — | (284 | ) | ||||||||||||
Class I | (173,157 | ) | (101,208 | ) | — | (104,897 | ) | ||||||||||||
Class O | (47,020 | ) | (31,234 | ) | — | — | |||||||||||||
Class R | (1,361 | ) | (1,151 | ) | — | — | |||||||||||||
Class W | (14,983 | ) | (30,647 | ) | — | (6,703 | ) | ||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | (101,282 | ) | — | — | ||||||||||||||
Class B | — | (16,186 | ) | — | — | ||||||||||||||
Class C | — | (58,887 | ) | — | — | ||||||||||||||
Class I | — | (8,943 | ) | — | — | ||||||||||||||
Class O | — | (3,222 | ) | — | — | ||||||||||||||
Class R | — | (181 | ) | — | — | ||||||||||||||
Class W | — | (2,634 | ) | — | — | ||||||||||||||
Total distributions | (1,060,003 | ) | (1,252,446 | ) | — | (113,431 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 3,562,894 | 22,363,258 | 4,818,299 | 38,195,069 | |||||||||||||||
Payment from distribution/payment by affiliate | — | — | 92,743 | — | |||||||||||||||
Reinvestment of distributions | 865,547 | 1,031,590 | — | 111,428 | |||||||||||||||
4,428,441 | 23,394,848 | 4,911,042 | 38,306,497 | ||||||||||||||||
Cost of shares redeemed | (23,035,525 | ) | (79,537,970 | ) | (10,816,361 | ) | (111,202,692 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (18,607,084 | ) | (56,143,122 | ) | (5,905,319 | ) | (72,896,195 | ) | |||||||||||
Net decrease in net assets | (14,441,490 | ) | (65,775,796 | ) | (4,478,111 | ) | (99,033,311 | ) | |||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 127,062,441 | 192,838,237 | 85,708,251 | 184,741,562 | |||||||||||||||
End of year or period | $ | 112,647,501 | $ | 127,062,441 | $ | 81,230,140 | $ | 85,708,251 | |||||||||||
Undistributed (distributions in excess of) net investment income/Accumulated net investment loss at end of year or period | $ | 290,300 | $ | (3,478 | ) | $ | (132,638 | ) | $ | (219 | ) |
ING Emerging Markets Equity Fund | ING Global Bond Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | October 11, 2011(1) to October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 319,876 | $ | 28,875 | $ | 11,247,213 | $ | 21,852,387 | |||||||||||
Net realized gain | 1,946,379 | 8,717 | 2,479,049 | 16,073,329 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | 3,514,495 | 6,288,829 | 5,321,035 | (32,404,908 | ) | ||||||||||||||
Increase in net assets resulting from operations | 5,780,750 | 6,326,421 | 19,047,297 | 5,520,808 | |||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | — | — | (4,743,177 | ) | (10,319,094 | ) | |||||||||||||
Class B | — | — | (36,204 | ) | (123,842 | ) | |||||||||||||
Class C | — | — | (1,704,299 | ) | (3,634,043 | ) | |||||||||||||
Class I | (24,341 | ) | — | (7,524,710 | ) | (12,386,732 | ) | ||||||||||||
Class O | — | — | (88,924 | ) | (182,335 | ) | |||||||||||||
Class R | — | — | (913 | ) | (28 | ) | |||||||||||||
Class W | (51 | ) | — | (552,211 | ) | (781,331 | ) | ||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | (97 | ) | — | (6,235,923 | ) | (1,887,005 | ) | ||||||||||||
Class B | — | — | (47,758 | ) | (32,368 | ) | |||||||||||||
Class C | (15 | ) | — | (2,125,652 | ) | (837,018 | ) | ||||||||||||
Class I | (412,144 | ) | — | (5,881,245 | ) | (2,007,676 | ) | ||||||||||||
Class O | — | — | (92,866 | ) | (33,672 | ) | |||||||||||||
Class R | (15 | ) | — | (67 | ) | (2 | ) | ||||||||||||
Class W | (29 | ) | — | (540,781 | ) | (135,360 | ) | ||||||||||||
Total distributions | (436,692 | ) | — | (29,574,730 | ) | (32,360,506 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 16,862,533 | 86,370,258 | 305,474,753 | 391,678,723 | |||||||||||||||
Reinvestment of distributions | 436,632 | — | 25,074,200 | 28,050,981 | |||||||||||||||
17,299,165 | 86,370,258 | 330,548,953 | 419,729,704 | ||||||||||||||||
Cost of shares redeemed | (19,206,004 | ) | (2,442,218 | ) | (251,784,194 | ) | (284,914,258 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (1,906,839 | ) | 83,928,040 | 78,764,759 | 134,815,446 | ||||||||||||||
Net increase in net assets | 3,437,219 | 90,254,461 | 68,237,326 | 107,975,748 | |||||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 90,254,461 | — | 634,785,574 | 526,809,826 | |||||||||||||||
End of year or period | $ | 93,691,680 | $ | 90,254,461 | $ | 703,022,900 | $ | 634,785,574 | |||||||||||
Undistributed (distributions in excess of) net investment income at end of year or period | $ | 295,484 | $ | — | $ | (3,006,703 | ) | $ | 396,522 | ||||||||||
(1) Commencement of operations. |
ING Global Equity Dividend Fund | ING Global Natural Resources Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 659,870 | $ | 2,570,973 | $ | (17,046 | ) | $ | (7,619 | ) | |||||||||
Net realized gain | 723,350 | 10,591,735 | 723,610 | 7,013,328 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | 3,338,661 | (10,445,478 | ) | (3,331,391 | ) | (823,473 | ) | ||||||||||||
Increase (decrease) in net assets resulting from operations | 4,721,881 | 2,717,230 | (2,624,827 | ) | 6,182,236 | ||||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (323,018 | ) | (874,518 | ) | (148,637 | ) | (48,857 | ) | |||||||||||
Class B | (33,421 | ) | (119,042 | ) | — | — | |||||||||||||
Class C | (135,093 | ) | (405,823 | ) | — | — | |||||||||||||
Class I | (36,644 | ) | (183,379 | ) | (8,098 | ) | (4,269 | ) | |||||||||||
Class O | (134,441 | ) | (333,562 | ) | — | — | |||||||||||||
Class W | (15,702 | ) | (177,709 | ) | (1,999 | ) | (286 | ) | |||||||||||
Total distributions | (678,319 | ) | (2,094,033 | ) | (158,734 | ) | (53,412 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 4,676,502 | 16,908,904 | 6,973,679 | 25,951,963 | |||||||||||||||
Payment from distribution/payment by affiliate | — | — | 72,582 | — | |||||||||||||||
Reinvestment of distributions | 408,494 | 1,331,676 | 136,580 | 45,055 | |||||||||||||||
5,084,996 | 18,240,580 | 7,182,841 | 25,997,018 | ||||||||||||||||
Cost of shares redeemed | (12,175,982 | ) | (86,143,790 | ) | (10,141,717 | ) | (23,993,332 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (7,090,986 | ) | (67,903,210 | ) | (2,958,876 | ) | 2,003,686 | ||||||||||||
Net increase (decrease) in net assets | (3,047,424 | ) | (67,280,013 | ) | (5,742,437 | ) | 8,132,510 | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 79,998,710 | 147,278,723 | 113,064,393 | 104,931,883 | |||||||||||||||
End of year or period | $ | 76,951,286 | $ | 79,998,710 | $ | 107,321,956 | $ | 113,064,393 | |||||||||||
Undistributed (distributions in excess of) net investment income at end of year or period | $ | 124,316 | $ | 142,765 | $ | (176,856 | ) | $ | (1,076 | ) |
ING Global Opportunities Fund | ING Global Real Estate Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 50,718 | $ | (175,281 | ) | $ | 29,832,930 | $ | 49,759,483 | ||||||||||
Net realized gain | 531,106 | 14,706,708 | 16,477,419 | 8,516,485 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | 2,834,976 | (15,687,588 | ) | 289,178,104 | (70,803,600 | ) | |||||||||||||
Increase (decrease) in net assets resulting from operations | 3,416,800 | (1,156,161 | ) | 335,488,453 | (12,527,632 | ) | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | — | (1,182,323 | ) | (5,439,733 | ) | (35,022,501 | ) | ||||||||||||
Class B | — | (118,277 | ) | (22,846 | ) | (493,908 | ) | ||||||||||||
Class C | — | (655,582 | ) | (294,639 | ) | (5,139,321 | ) | ||||||||||||
Class I | — | (248,370 | ) | (11,944,248 | ) | (45,540,364 | ) | ||||||||||||
Class O | — | — | (59,179 | ) | (398,628 | ) | |||||||||||||
Class R | — | — | (419 | ) | (11 | ) | |||||||||||||
Class W | — | (5,789 | ) | (1,481,474 | ) | (8,822,397 | ) | ||||||||||||
Return of capital: | |||||||||||||||||||
Class A | — | — | (6,643,351 | ) | (11,743,583 | ) | |||||||||||||
Class B | — | — | (90,736 | ) | (178,053 | ) | |||||||||||||
Class C | — | — | (1,219,932 | ) | (2,200,041 | ) | |||||||||||||
Class I | — | — | (9,755,753 | ) | (14,846,105 | ) | |||||||||||||
Class O | — | — | (71,921 | ) | (126,017 | ) | |||||||||||||
Class R | — | — | (216 | ) | (9 | ) | |||||||||||||
Class W | — | — | (1,442,394 | ) | (2,781,899 | ) | |||||||||||||
Total distributions | — | (2,210,341 | ) | (38,466,841 | ) | (127,292,837 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 2,221,969 | 8,643,382 | 1,006,513,765 | 1,702,326,514 | |||||||||||||||
Reinvestment of distributions | — | 1,766,239 | 33,816,256 | 109,936,296 | |||||||||||||||
2,221,969 | 10,409,621 | 1,040,330,021 | 1,812,262,810 | ||||||||||||||||
Cost of shares redeemed | (14,526,594 | ) | (66,323,076 | ) | (768,578,606 | ) | (1,128,349,528 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (12,304,625 | ) | (55,913,455 | ) | 271,751,415 | 683,913,282 | |||||||||||||
Net increase (decrease) in net assets | (8,887,825 | ) | (59,279,957 | ) | 568,773,027 | 544,092,813 | |||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 65,563,992 | 124,843,949 | 3,440,875,406 | 2,896,782,593 | |||||||||||||||
End of year or period | $ | 56,676,167 | $ | 65,563,992 | $ | 4,009,648,433 | $ | 3,440,875,406 | |||||||||||
Undistributed net investment income at end of year or period | $ | 50,941 | $ | 223 | $ | 31,676,224 | $ | 21,085,832 |
ING Global Value Choice Fund | ING Greater China Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 1,183,557 | $ | 4,470,605 | $ | (297,786 | ) | $ | 81,193 | ||||||||||
Net realized gain (loss) | (11,508,016 | ) | 72,126,776 | (661,791 | ) | 2,278,877 | |||||||||||||
Net change in unrealized appreciation (depreciation) | (22,825,672 | ) | (72,744,924 | ) | 1,967,659 | (7,368,825 | ) | ||||||||||||
Increase (decrease) in net assets resulting from operations | (33,150,131 | ) | 3,852,457 | 1,008,082 | (5,008,755 | ) | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (2,085,355 | ) | (3,111,531 | ) | — | (325,406 | ) | ||||||||||||
Class B | — | (43,014 | ) | — | (12,309 | ) | |||||||||||||
Class C | (366,940 | ) | (1,315,055 | ) | — | (29,517 | ) | ||||||||||||
Class I | (2,716,719 | ) | (2,957,286 | ) | — | (33,759 | ) | ||||||||||||
Class O | — | — | — | (55,567 | ) | ||||||||||||||
Class W | (288,924 | ) | (584,591 | ) | — | — | |||||||||||||
Net realized gains: | |||||||||||||||||||
Class A | (20,838,644 | ) | — | — | — | ||||||||||||||
Class B | (485,497 | ) | — | — | — | ||||||||||||||
Class C | (13,221,208 | ) | — | — | — | ||||||||||||||
Class I | (19,281,134 | ) | — | — | — | ||||||||||||||
Class W | (2,277,810 | ) | — | — | — | ||||||||||||||
Total distributions | (61,562,231 | ) | (8,011,477 | ) | — | (456,558 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 47,659,956 | 389,319,314 | 3,551,716 | 9,633,718 | |||||||||||||||
Payment from distribution/payment by affiliate | 364,932 | — | — | — | |||||||||||||||
Reinvestment of distributions | 36,770,613 | 4,386,066 | — | 354,275 | |||||||||||||||
84,795,501 | 393,705,380 | 3,551,716 | 9,987,993 | ||||||||||||||||
Cost of shares redeemed | (328,909,604 | ) | (243,707,957 | ) | (6,750,833 | ) | (15,867,785 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (244,114,103 | ) | 149,997,423 | (3,199,117 | ) | (5,879,792 | ) | ||||||||||||
Net increase (decrease) in net assets | (338,826,465 | ) | 145,838,403 | (2,191,035 | ) | (11,345,105 | ) | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 640,165,025 | 494,326,622 | 33,889,198 | 45,234,303 | |||||||||||||||
End of year or period | $ | 301,338,560 | $ | 640,165,025 | $ | 31,698,163 | $ | 33,889,198 | |||||||||||
Undistributed (distributions in excess of) net investment income/Accumulated net investment loss at end of year or period | $ | 593,516 | $ | 4,867,897 | $ | (298,248 | ) | $ | (462 | ) |
ING Index Plus International Equity Fund | ING International Core Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | February 8, 2011(1) to October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 1,421,234 | $ | 2,130,084 | $ | 2,493,418 | $ | 3,449,116 | |||||||||||
Net realized gain (loss) | (2,002,665 | ) | 7,773,885 | (9,072,983 | ) | (22,238,217 | ) | ||||||||||||
Net change in unrealized appreciation (depreciation) | 3,010,333 | (10,985,298 | ) | 28,583,792 | (20,400,566 | ) | |||||||||||||
Increase (decrease) in net assets resulting from operations | 2,428,902 | (1,081,329 | ) | 22,004,227 | (39,189,667 | ) | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (172,400 | ) | (119,991 | ) | — | — | |||||||||||||
Class B | (4,426 | ) | (2,716 | ) | — | — | |||||||||||||
Class C | (15,082 | ) | (5,994 | ) | — | — | |||||||||||||
Class I | (1,376,087 | ) | (1,354,511 | ) | (3,175,306 | ) | — | ||||||||||||
Class O | (927,783 | ) | (609,056 | ) | — | — | |||||||||||||
Class W | (83 | ) | — | — | — | ||||||||||||||
Total distributions | (2,495,861 | ) | (2,092,268 | ) | (3,175,306 | ) | — | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 6,976,017 | 51,836,203 | 45,842,415 | 448,417,065 | |||||||||||||||
Reinvestment of distributions | 1,596,949 | 1,504,647 | 3,175,306 | — | |||||||||||||||
8,572,966 | 53,340,850 | 49,017,721 | 448,417,065 | ||||||||||||||||
Cost of shares redeemed | (16,221,527 | ) | (93,789,046 | ) | (78,265,979 | ) | (59,613,945 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (7,648,561 | ) | (40,448,196 | ) | (29,248,258 | ) | 388,803,120 | ||||||||||||
Net increase (decrease) in net assets | (7,715,520 | ) | (43,621,793 | ) | (10,419,337 | ) | 349,613,453 | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 94,728,942 | 138,350,735 | 349,613,453 | — | |||||||||||||||
End of year or period | $ | 87,013,422 | $ | 94,728,942 | $ | 339,194,116 | $ | 349,613,453 | |||||||||||
Undistributed net investment income at end of year or period | $ | 1,210,730 | $ | 2,285,357 | $ | 1,846,392 | $ | 2,528,280 | |||||||||||
(1) Commencement of operations. |
ING International Growth Fund | ING International Real Estate Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | January 6, 2011(1) to October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 1,458,876 | $ | 2,459,539 | $ | 4,979,256 | $ | 11,496,038 | |||||||||||
Net realized gain (loss) | (4,198,861 | ) | 420,453 | 704,037 | 17,996,396 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 12,875,746 | (14,075,454 | ) | 19,353,500 | (65,296,033 | ) | |||||||||||||
Increase (decrease) in net assets resulting from operations | 10,135,761 | (11,195,462 | ) | 25,036,793 | (35,803,599 | ) | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | — | — | (1,643,594 | ) | (12,831,675 | ) | |||||||||||||
Class B | — | — | (10,311 | ) | (124,007 | ) | |||||||||||||
Class C | — | — | (95,397 | ) | (1,079,933 | ) | |||||||||||||
Class I | (2,431,169 | ) | — | (2,930,272 | ) | (18,649,312 | ) | ||||||||||||
Class W | — | — | (108,960 | ) | (569,593 | ) | |||||||||||||
Net realized gains: | |||||||||||||||||||
Class I | (618,543 | ) | — | — | — | ||||||||||||||
Total distributions | (3,049,712 | ) | — | (4,788,534 | ) | (33,254,520 | ) | ||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 14,484,563 | 199,737,196 | 74,623,608 | 137,494,697 | |||||||||||||||
Reinvestment of distributions | 3,049,712 | — | 1,108,859 | 13,943,866 | |||||||||||||||
17,534,275 | 199,737,196 | 75,732,467 | 151,438,563 | ||||||||||||||||
Cost of shares redeemed | (31,522,616 | ) | (38,310,028 | ) | (96,710,227 | ) | (248,151,949 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (13,988,341 | ) | 161,427,168 | (20,977,760 | ) | (96,713,386 | ) | ||||||||||||
Net increase (decrease) in net assets | (6,902,292 | ) | 150,231,706 | (729,501 | ) | (165,771,505 | ) | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 150,231,706 | — | 474,660,187 | 640,431,692 | |||||||||||||||
End of year or period | $ | 143,329,414 | $ | 150,231,706 | $ | 473,930,686 | $ | 474,660,187 | |||||||||||
Undistributed net investment income at end of year or period | $ | 1,419,912 | $ | 2,392,205 | $ | 1,215,122 | $ | 1,024,400 | |||||||||||
(1) Commencement of operations. |
ING International Small Cap Fund | ING International Value Choice Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 1,257,408 | $ | 4,194,520 | $ | 176,801 | $ | 729,357 | |||||||||||
Net realized gain (loss) | (67,380 | ) | 44,928,242 | 271,021 | (265,944 | ) | |||||||||||||
Net change in unrealized appreciation (depreciation) | 17,151,856 | (62,985,420 | ) | (2,601,605 | ) | (4,469,597 | ) | ||||||||||||
Increase (decrease) in net assets resulting from operations | 18,341,884 | (13,862,658 | ) | (2,153,783 | ) | (4,006,184 | ) | ||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (1,557,769 | ) | (540,772 | ) | (562,622 | ) | (190,808 | ) | |||||||||||
Class B | (10,775 | ) | (56 | ) | (7,167 | ) | — | ||||||||||||
Class C | (230,441 | ) | (572 | ) | (80,404 | ) | (12,953 | ) | |||||||||||
Class I | (3,055,854 | ) | (1,827,105 | ) | (122,253 | ) | (187,574 | ) | |||||||||||
Class O | (25,934 | ) | (6,464 | ) | — | — | |||||||||||||
Class W | (458,648 | ) | (240,091 | ) | (1,980 | ) | (516 | ) | |||||||||||
Total distributions | (5,339,421 | ) | (2,615,060 | ) | (774,426 | ) | (391,851 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 17,672,517 | 79,921,323 | 6,486,511 | 22,439,247 | |||||||||||||||
Payment from distribution/payment by affiliate | 821,983 | 136,362 | — | — | |||||||||||||||
Reinvestment of distributions | 3,263,088 | 1,515,427 | 677,136 | 351,441 | |||||||||||||||
21,757,588 | 81,573,112 | 7,163,647 | 22,790,688 | ||||||||||||||||
Cost of shares redeemed | (78,932,884 | ) | (192,605,155 | ) | (7,191,621 | ) | (35,264,069 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (57,175,296 | ) | (111,032,043 | ) | (27,974 | ) | (12,473,381 | ) | |||||||||||
Net decrease in net assets | (44,172,833 | ) | (127,509,761 | ) | (2,956,183 | ) | (16,871,416 | ) | |||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 307,668,967 | 435,178,728 | 29,922,785 | 46,794,201 | |||||||||||||||
End of year or period | $ | 263,496,134 | $ | 307,668,967 | $ | 26,966,602 | $ | 29,922,785 | |||||||||||
Undistributed (distributions in excess of) net investment income at end of year or period | $ | (58,952 | ) | $ | 4,023,061 | $ | 127,613 | $ | 725,238 |
ING International Value Fund | ING Russia Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | 4,676,253 | $ | 16,501,957 | $ | (2,469,910 | ) | $ | (1,256,315 | ) | |||||||||
Net realized gain (loss) | (36,189,255 | ) | (15,527,252 | ) | (701,885 | ) | 1,651,353 | ||||||||||||
Net change in unrealized appreciation (depreciation) | 26,566,289 | (63,706,978 | ) | 3,354,466 | (29,282,257 | ) | |||||||||||||
Increase (decrease) in net assets resulting from operations | (4,946,713 | ) | (62,732,273 | ) | 182,671 | (28,887,219 | ) | ||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Net investment income: | |||||||||||||||||||
Class A | (7,601,085 | ) | (10,059,110 | ) | — | — | |||||||||||||
Class B | (20,538 | ) | (81 | ) | — | — | |||||||||||||
Class C | (2,495,707 | ) | (2,824,431 | ) | — | — | |||||||||||||
Class I | (7,967,223 | ) | (9,798,033 | ) | — | — | |||||||||||||
Class W | (9,108 | ) | (545,238 | ) | — | — | |||||||||||||
Total distributions | (18,093,661 | ) | (23,226,893 | ) | — | — | |||||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 25,862,919 | 158,710,188 | 16,600,643 | 62,067,223 | |||||||||||||||
Payment from distribution/payment by affiliate | 860,591 | 115,624 | — | — | |||||||||||||||
Reinvestment of distributions | 14,532,214 | 18,121,879 | — | — | |||||||||||||||
41,255,724 | 176,947,691 | 16,600,643 | 62,067,223 | ||||||||||||||||
Redemption fee proceeds | — | — | 42,398 | 217,940 | |||||||||||||||
Cost of shares redeemed | (157,213,480 | ) | (623,758,163 | ) | (46,171,140 | ) | (131,466,024 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (115,957,756 | ) | (446,810,472 | ) | (29,528,099 | ) | (69,180,861 | ) | |||||||||||
Net decrease in net assets | (138,998,130 | ) | (532,769,638 | ) | (29,345,428 | ) | (98,068,080 | ) | |||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 703,780,494 | 1,236,550,132 | 328,244,953 | 426,313,033 | |||||||||||||||
End of year or period | $ | 564,782,364 | $ | 703,780,494 | $ | 298,899,525 | $ | 328,244,953 | |||||||||||
Undistributed net investment income at end of year or period | $ | 2,953,215 | $ | 16,370,623 | $ | (2,476,376 | ) | $ | (6,466 | ) |
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.62 | 0.11 | 0.32 | 0.43 | 0.11 | — | — | 0.11 | — | — | 8.94 | 5.07 | 0.72 | 0.50 | 0.50 | 2.63 | 53,339 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.33 | 0.08 | (0.70 | ) | (0.62 | ) | 0.08 | — | 0.01 | 0.09 | — | — | 8.62 | (6.73 | ) | 0.68 | 0.50 | 0.50 | 0.97 | 61,325 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.57 | 0.08 | 0.32 | 0.40 | 0.02 | — | — | 0.02 | — | — | 8.95 | 4.73 | 1.47 | 1.25 | 1.25 | 1.86 | 9,014 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.27 | 0.02 | (0.71 | ) | (0.69 | ) | 0.00 | * | — | 0.01 | 0.01 | — | — | 8.57 | (7.42 | ) | 1.43 | 1.25 | 1.25 | 0.18 | 10,193 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.55 | 0.08 | 0.32 | 0.40 | 0.02 | — | — | 0.02 | — | — | 8.93 | 4.74 | 1.47 | 1.25 | 1.25 | 1.84 | 34,298 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.26 | 0.01 | (0.70 | ) | (0.69 | ) | 0.01 | — | 0.01 | 0.02 | — | — | 8.55 | (7.51 | ) | 1.43 | 1.25 | 1.25 | 0.15 | 38,542 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.61 | 0.11 | 0.32 | 0.43 | 0.13 | — | — | 0.13 | — | — | 8.91 | 5.19 | 0.47 | 0.25 | 0.25 | 2.70 | 10,996 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.32 | 0.08 | • | (0.67 | ) | (0.59 | ) | 0.11 | — | 0.01 | 0.12 | — | — | 8.61 | (6.46 | ) | 0.28 | 0.25 | 0.25 | 0.81 | 11,957 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.56 | 0.11 | 0.31 | 0.42 | 0.11 | — | — | 0.11 | — | — | 8.87 | 5.09 | 0.72 | 0.50 | 0.50 | 2.48 | 3,977 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.28 | 0.07 | (0.69 | ) | (0.62 | ) | 0.09 | — | 0.01 | 0.10 | — | — | 8.56 | (6.75 | ) | 0.68 | 0.50 | 0.50 | 0.62 | 3,516 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.52 | 0.10 | 0.31 | 0.41 | 0.09 | — | — | 0.09 | — | — | 8.84 | 4.87 | 0.97 | 0.75 | 0.75 | 2.76 | 102 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.22 | 0.05 | (0.68 | ) | (0.63 | ) | 0.06 | — | 0.01 | 0.07 | — | — | 8.52 | (6.89 | ) | 0.93 | 0.75 | 0.75 | 0.58 | 137 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.58 | 0.13 | 0.30 | 0.43 | 0.13 | — | — | 0.13 | — | — | 8.88 | 5.24 | 0.47 | 0.25 | 0.25 | 2.88 | 922 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9.30 | 0.12 | • | (0.72 | ) | (0.60 | ) | 0.11 | — | 0.01 | 0.12 | — | — | 8.58 | (6.55 | ) | 0.43 | 0.25 | 0.25 | 1.29 | 1,392 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 Emerging Countries Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 24.71 | (0.03 | ) | 0.55 | 0.52 | — | — | — | — | 0.03 | — | 25.26 | 2.23 | (a) | 1.96 | 1.85 | 1.85 | (0.28 | ) | 58,812 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 28.88 | 0.09 | (4.26 | ) | (4.17 | ) | 0.00 | * | — | — | 0.00 | * | — | — | 24.71 | (14.44 | ) | 1.95 | 1.81 | 1.81 | 0.31 | 61,675 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 24.15 | (0.14 | ) | 0.55 | 0.41 | — | — | — | — | 0.03 | — | 24.59 | 1.82 | (a) | 2.61 | 2.60 | 2.60 | (1.08 | ) | 1,482 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 28.43 | (0.15 | )• | (4.13 | ) | (4.28 | ) | 0.00 | * | — | — | 0.00 | * | — | — | 24.15 | (15.05 | ) | 2.60 | 2.56 | 2.56 | (0.54 | ) | 1,900 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 22.67 | (0.11 | ) | 0.50 | 0.39 | — | — | — | — | 0.03 | — | 23.09 | 1.85 | (a) | 2.61 | 2.60 | 2.60 | (0.97 | ) | 10,171 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 26.69 | (0.13 | ) | (3.89 | ) | (4.02 | ) | 0.00 | * | — | — | 0.00 | * | — | — | 22.67 | (15.06 | ) | 2.60 | 2.56 | 2.56 | (0.46 | ) | 10,669 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 24.92 | 0.01 | 0.55 | 0.56 | — | — | — | — | 0.03 | — | 25.51 | 2.37 | (a) | 1.51 | 1.50 | 1.50 | 0.07 | 7,658 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 29.03 | 0.23 | • | (4.30 | ) | (4.07 | ) | 0.04 | — | — | 0.04 | — | — | 24.92 | (14.03 | ) | 1.44 | 1.40 | 1.40 | 0.80 | 8,104 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 26.02 | (0.01 | ) | 0.59 | 0.58 | — | — | — | — | 0.03 | — | 26.63 | 2.34 | (a) | 1.61 | 1.60 | 1.60 | (0.09 | ) | 3,108 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 30.36 | 0.14 | • | (4.45 | ) | (4.31 | ) | 0.03 | — | — | 0.03 | — | — | 26.02 | (14.21 | ) | 1.60 | 1.56 | 1.56 | 0.48 | 3,361 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 Emerging Markets Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.74 | 0.03 | • | 0.64 | 0.67 | — | 0.05 | — | 0.05 | — | — | 11.36 | 6.30 | 1.83 | 1.50 | 1.50 | 0.45 | 150 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-11-11(4)–10-31-11 | 10.00 | (0.00 | )* | 0.74 | 0.74 | — | — | — | — | — | — | 10.74 | 7.40 | 1.77 | 1.50 | 1.50 | (0.99 | ) | 21 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.73 | (0.02 | ) | 0.66 | 0.64 | — | 0.05 | — | 0.05 | — | — | 11.32 | 6.02 | 2.58 | 2.25 | 2.25 | (0.32 | ) | 3 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-11-11(4)–10-31-11 | 10.00 | (0.00 | )* | 0.73 | 0.73 | — | — | — | — | — | — | 10.73 | 7.30 | 2.52 | 2.25 | 2.25 | (0.28 | ) | 3 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.74 | 0.04 | 0.65 | 0.69 | 0.00 | * | 0.05 | — | 0.05 | — | — | 11.38 | 6.51 | 1.58 | 1.25 | 1.25 | 0.71 | 91,563 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-11-11(4)–10-31-11 | 10.00 | 0.00 | * | 0.74 | 0.74 | — | — | — | — | — | — | 10.74 | 7.40 | 1.52 | 1.25 | 1.25 | 0.62 | 90,224 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.74 | 0.01 | 0.65 | 0.66 | — | 0.05 | — | 0.05 | — | — | 11.35 | 6.20 | 2.08 | 1.75 | 1.75 | 0.20 | 3 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-11-11(4)–10-31-11 | 10.00 | 0.00 | * | 0.74 | 0.74 | — | — | — | — | — | — | 10.74 | 7.40 | 2.02 | 1.75 | 1.75 | 0.23 | 3 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.74 | 0.04 | • | 0.65 | 0.69 | 0.00 | * | 0.05 | — | 0.05 | — | — | 11.38 | 6.51 | 1.58 | 1.25 | 1.25 | 0.74 | 1,972 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-11-11(4)–10-31-11 | 10.00 | 0.00 | * | 0.74 | 0.74 | — | — | — | — | — | — | 10.74 | 7.40 | 1.52 | 1.25 | 1.25 | 0.69 | 3 | 1 |
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.76 | 0.18 | 0.15 | 0.33 | 0.25 | 0.27 | — | 0.52 | — | — | 11.57 | 2.94 | 0.91 | 0.90 | 0.90 | 3.22 | 206,519 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.32 | 0.46 | • | (0.32 | ) | 0.14 | 0.59 | 0.11 | — | 0.70 | — | — | 11.76 | 1.32 | 0.96 | † | 0.90 | † | 0.90 | † | 3.88 | † | 266,155 | 440 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.66 | 0.14 | 0.14 | 0.28 | 0.21 | 0.27 | — | 0.48 | — | — | 11.46 | 2.50 | 1.66 | 1.65 | 1.65 | 2.57 | 1,913 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.21 | 0.42 | (0.36 | ) | 0.06 | 0.50 | 0.11 | — | 0.61 | — | — | 11.66 | 0.65 | 1.71 | † | 1.65 | † | 1.65 | † | 3.33 | † | 2,086 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.70 | 0.15 | 0.13 | 0.28 | 0.21 | 0.27 | — | 0.48 | — | — | 11.50 | 2.50 | 1.66 | 1.65 | 1.65 | 2.55 | 102,977 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.25 | 0.38 | (0.31 | ) | 0.07 | 0.51 | 0.11 | — | 0.62 | — | — | 11.70 | 0.65 | 1.71 | † | 1.65 | † | 1.65 | † | 3.25 | † | 89,510 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.73 | 0.22 | 0.12 | 0.34 | 0.27 | 0.27 | — | 0.54 | — | — | 11.53 | 3.02 | 0.61 | 0.60 | 0.60 | 3.64 | 359,390 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.28 | 0.51 | • | (0.32 | ) | 0.19 | 0.63 | 0.11 | — | 0.74 | — | — | 11.73 | 1.75 | 0.62 | † | 0.56 | † | 0.56 | † | 4.34 | † | 251,112 | 440 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.57 | 0.19 | 0.12 | 0.31 | 0.25 | 0.27 | — | 0.52 | — | — | 11.36 | 2.82 | 0.91 | 0.90 | 0.90 | 3.30 | 4,125 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.12 | 0.46 | • | (0.31 | ) | 0.15 | 0.59 | 0.11 | — | 0.70 | — | — | 11.57 | 1.43 | 0.96 | † | 0.90 | † | 0.90 | † | 3.98 | † | 3,985 | 440 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.75 | 0.17 | • | 0.13 | 0.30 | 0.23 | 0.27 | — | 0.50 | — | — | 11.55 | 2.68 | 1.16 | 1.15 | 1.15 | 2.99 | 264 | 259 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)–10-31-11 | 12.06 | 0.12 | • | (0.31 | ) | (0.19 | ) | 0.11 | 0.01 | — | 0.12 | — | — | 11.75 | (1.59 | ) | 1.21 | † | 1.15 | † | 1.15 | † | 4.22 | † | 3 | 440 | ||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.56 | 0.21 | 0.12 | 0.33 | 0.26 | 0.27 | — | 0.53 | — | — | 11.36 | 3.04 | 0.66 | 0.65 | 0.65 | 3.55 | 27,836 | 259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 12.12 | 0.48 | (0.31 | ) | 0.17 | 0.62 | 0.11 | — | 0.73 | — | — | 11.56 | 1.60 | 0.71 | † | 0.65 | † | 0.65 | † | 4.07 | † | 21,934 | 440 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 Global Equity Dividend Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.05 | 0.10 | 0.55 | 0.65 | 0.10 | — | — | 0.10 | — | — | 10.60 | 6.52 | 1.46 | 1.43 | 1.43 | 1.95 | 32,687 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.31 | 0.28 | • | (0.29 | ) | (0.01 | ) | 0.25 | — | — | 0.25 | — | — | 10.05 | (0.16 | ) | 1.42 | 1.39 | 1.39 | 2.67 | 33,494 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 Equity Dividend Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.03 | 0.07 | 0.53 | 0.60 | 0.06 | — | — | 0.06 | — | — | 10.57 | 6.04 | 2.21 | 2.18 | 2.18 | 1.18 | 5,017 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.28 | 0.20 | • | (0.29 | ) | (0.09 | ) | 0.16 | — | — | 0.16 | — | — | 10.03 | (0.86 | ) | 2.17 | 2.14 | 2.14 | 1.87 | 6,108 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.00 | 0.06 | 0.55 | 0.61 | 0.07 | — | — | 0.07 | — | — | 10.54 | 6.07 | 2.21 | 2.18 | 2.18 | 1.19 | 20,679 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.26 | 0.20 | • | (0.29 | ) | (0.09 | ) | 0.17 | — | — | 0.17 | — | — | 10.00 | (0.91 | ) | 2.17 | 2.14 | 2.14 | 1.94 | 21,985 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.06 | 0.11 | 0.56 | 0.67 | 0.12 | — | — | 0.12 | — | — | 10.61 | 6.64 | 1.17 | 1.14 | 1.14 | 2.23 | 3,054 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.32 | 0.34 | • | (0.31 | ) | 0.03 | 0.29 | — | — | 0.29 | — | — | 10.06 | 0.21 | 1.03 | 1.00 | 1.00 | 3.21 | 3,261 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.03 | 0.10 | 0.55 | 0.65 | 0.10 | — | — | 0.10 | — | — | 10.58 | 6.52 | 1.46 | 1.43 | 1.43 | 1.96 | 13,944 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.29 | 0.28 | (0.29 | ) | (0.01 | ) | 0.25 | — | — | 0.25 | — | — | 10.03 | (0.16 | ) | 1.42 | 1.39 | 1.39 | 2.68 | 13,358 | 83 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.01 | 0.13 | 0.59 | 0.72 | 0.11 | — | — | 0.11 | — | — | 11.62 | 6.60 | 1.21 | 1.18 | 1.18 | 2.20 | 1,570 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.26 | 0.23 | • | (0.23 | ) | 0.00 | * | 0.25 | — | — | 0.25 | — | — | 11.01 | 0.00 | 1.17 | 1.14 | �� | 1.14 | 1.98 | 1,792 | 83 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 9.39 | (0.00 | )* | (0.23 | ) | (0.23 | ) | 0.01 | — | — | 0.01 | 0.01 | — | 9.16 | (2.30 | )(b) | 1.52 | 1.52 | 1.52 | (0.04 | ) | 100,203 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.81 | (0.00 | )* | 0.58 | 0.58 | 0.00 | * | — | — | 0.00 | * | — | — | 9.39 | 6.63 | 1.46 | 1.46 | 1.46 | (0.02 | ) | 106,363 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 9.43 | 0.01 | (0.22 | ) | (0.21 | ) | 0.02 | — | — | 0.02 | 0.01 | — | 9.21 | (2.16 | )(b) | 1.21 | 1.21 | 1.21 | 0.13 | 5,101 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.82 | 0.03 | 0.59 | 0.62 | 0.01 | — | — | 0.01 | — | — | 9.43 | 7.04 | 1.13 | 1.13 | 1.13 | 0.31 | 4,961 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 Natural Resources Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11.86 | 0.01 | (0.28 | ) | (0.27 | ) | 0.02 | — | — | 0.02 | 0.01 | — | 11.58 | (2.22 | )(b) | 1.27 | 1.27 | 1.27 | 0.14 | 2,017 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.10 | 0.03 | 0.74 | 0.77 | 0.01 | — | — | 0.01 | — | — | 11.86 | 6.91 | 1.21 | 1.21 | 1.21 | 0.20 | 1,741 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
ING Global Opportunities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.21 | 0.04 | 0.79 | 0.83 | — | — | — | — | — | — | 14.04 | 6.28 | 1.67 | 1.50 | 1.50 | 0.49 | 27,204 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 14.07 | 0.01 | (0.55 | ) | (0.54 | ) | 0.32 | — | — | 0.32 | — | — | 13.21 | (3.96 | ) | 1.72 | 1.51 | 1.51 | 0.13 | 30,587 | �� | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 12.62 | (0.02 | ) | 0.77 | 0.75 | — | — | — | — | — | — | 13.37 | 5.94 | 2.42 | 2.25 | 2.25 | (0.28 | ) | 3,484 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 13.44 | (0.09 | )• | (0.54 | ) | (0.63 | ) | 0.19 | — | — | 0.19 | — | — | 12.62 | (4.78 | ) | 2.47 | 2.26 | 2.26 | (0.63 | ) | 4,793 | 67 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 12.62 | (0.02 | ) | 0.77 | 0.75 | — | — | — | — | — | — | 13.37 | 5.94 | 2.42 | 2.25 | 2.25 | (0.26 | ) | 22,473 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 13.44 | (0.09 | )• | (0.54 | ) | (0.63 | ) | 0.19 | — | — | 0.19 | — | — | 12.62 | (4.76 | ) | 2.47 | 2.26 | 2.26 | (0.63 | ) | 25,973 | 67 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.50 | 0.07 | 0.81 | 0.88 | — | — | — | — | — | — | 14.38 | 6.52 | 1.22 | 1.05 | 1.05 | 0.91 | 3,432 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 14.38 | 0.09 | • | (0.58 | ) | (0.49 | ) | 0.39 | — | — | 0.39 | — | — | 13.50 | (3.55 | ) | 1.41 | 1.06 | 1.06 | 0.59 | 4,117 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 14.47 | 0.06 | 0.88 | 0.94 | — | — | — | — | — | — | 15.41 | 6.50 | 1.42 | 1.25 | 1.25 | 0.75 | 83 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 15.36 | 0.03 | • | (0.62 | ) | (0.59 | ) | 0.30 | — | — | 0.30 | — | — | 14.47 | (3.94 | ) | 1.47 | 1.26 | 1.26 | 0.20 | 94 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 Global Real Estate Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15.74 | 0.12 | 1.30 | 1.42 | 0.07 | — | 0.08 | 0.15 | — | — | 17.01 | 9.12 | 1.33 | 1.33 | 1.33 | 1.52 | 1,307,700 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.25 | 0.23 | (0.15 | ) | 0.08 | 0.45 | — | 0.14 | 0.59 | — | — | 15.74 | 0.52 | 1.31 | † | 1.31 | † | 1.31 | † | 1.34 | † | 1,212,619 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.02 | 0.05 | • | 1.07 | 1.12 | 0.03 | — | 0.08 | 0.11 | — | — | 14.03 | 8.65 | 2.08 | 2.08 | 2.08 | 0.75 | 13,863 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 13.54 | 0.08 | • | (0.11 | ) | (0.03 | ) | 0.35 | — | 0.14 | 0.49 | — | — | 13.02 | (0.19 | ) | 2.06 | † | 2.06 | † | 2.06 | † | 0.57 | † | 14,716 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.81 | 0.05 | • | 1.15 | 1.20 | 0.03 | — | 0.08 | 0.11 | — | — | 14.90 | 8.71 | 2.08 | 2.08 | 2.08 | 0.75 | 210,710 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 14.33 | 0.10 | (0.13 | ) | (0.03 | ) | 0.35 | — | 0.14 | 0.49 | — | — | 13.81 | (0.19 | ) | 2.06 | † | 2.06 | † | 2.06 | † | 0.58 | † | 207,588 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15.75 | 0.14 | • | 1.30 | 1.44 | 0.10 | — | 0.08 | 0.18 | — | — | 17.01 | 9.23 | 1.00 | 1.00 | 1.00 | 1.83 | 2,167,016 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.25 | 0.27 | • | (0.12 | ) | 0.15 | 0.51 | — | 0.14 | 0.65 | — | — | 15.75 | 0.92 | 0.99 | † | 0.99 | † | 0.99 | † | 1.65 | † | 1,709,220 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15.74 | 0.12 | 1.30 | 1.42 | 0.07 | — | 0.08 | 0.15 | — | — | 17.01 | 9.12 | 1.33 | 1.33 | 1.33 | 1.51 | 14,275 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.25 | 0.20 | (0.12 | ) | 0.08 | 0.45 | — | 0.14 | 0.59 | — | — | 15.74 | 0.51 | 1.31 | † | 1.31 | † | 1.31 | † | 1.33 | † | 13,521 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 R | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15.73 | 0.10 | * | 1.29 | 1.39 | 0.06 | — | 0.08 | 0.14 | — | — | 16.98 | 8.93 | 1.58 | 1.58 | 1.58 | 1.27 | 194 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)–10-31-11 | 15.54 | (0.02 | )• | 0.31 | 0.29 | 0.05 | — | 0.05 | 0.10 | — | — | 15.73 | 1.98 | 1.56 | † | 1.56 | † | 1.56 | † | (0.56 | )† | 3 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15.77 | 0.14 | 1.30 | 1.44 | 0.09 | — | 0.08 | 0.17 | — | — | 17.04 | 9.23 | 1.08 | 1.08 | 1.08 | 1.75 | 295,889 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.28 | 0.26 | • | (0.14 | ) | 0.12 | 0.49 | — | 0.14 | 0.63 | — | — | 15.77 | 0.78 | 1.06 | † | 1.06 | † | 1.06 | † | 1.59 | † | 283,208 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 32.23 | 0.09 | • | (2.68 | ) | (2.59 | ) | 0.31 | 3.05 | — | 3.36 | 0.02 | — | 26.30 | (8.19 | )(c) | 1.53 | 1.50 | 1.46 | 0.62 | 131,779 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 31.83 | 0.21 | 0.66 | 0.87 | 0.47 | — | — | 0.47 | — | — | 32.23 | 2.69 | 1.43 | 1.43 | 1.42 | 0.70 | 233,166 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.25 | 0.10 | 5.61 | 5.71 | 0.17 | — | — | 0.17 | 0.04 | — | 31.83 | 21.97 | (d) | 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 |
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 B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 34.28 | (0.00 | )*• | (2.87 | ) | (2.87 | ) | — | 3.05 | — | 3.05 | 0.02 | — | 28.38 | (8.52 | )(c) | 2.28 | 2.25 | 2.21 | (0.02 | ) | 4,349 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 33.82 | (0.04 | )• | 0.70 | 0.66 | 0.20 | — | — | 0.20 | — | — | 34.28 | 1.94 | 2.18 | 2.18 | 2.17 | (0.12 | ) | 5,771 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 28.00 | (0.11 | ) | 5.96 | 5.85 | 0.07 | — | — | 0.07 | 0.04 | — | 33.82 | 21.07 | (d) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 30.27 | (0.01 | )• | (2.52 | ) | (2.53 | ) | 0.08 | 3.05 | — | 3.13 | 0.02 | — | 24.63 | (8.51 | )(c) | 2.28 | 2.25 | 2.21 | (0.10 | ) | 85,015 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 30.03 | (0.01 | )• | 0.60 | 0.59 | 0.35 | — | — | 0.35 | — | — | 30.27 | 1.93 | 2.18 | 2.18 | 2.17 | (0.05 | ) | 134,665 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 24.88 | (0.09 | )• | 5.28 | 5.19 | 0.08 | — | — | 0.08 | 0.04 | — | 30.03 | 21.04 | (d) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 32.58 | 0.09 | • | (2.67 | ) | (2.58 | ) | 0.43 | 3.05 | — | 3.48 | 0.02 | — | 26.54 | (8.06 | )(c) | 1.21 | 1.21 | 1.17 | 0.62 | 63,207 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 32.14 | 0.37 | • | 0.62 | 0.99 | 0.55 | — | — | 0.55 | — | — | 32.58 | 3.04 | 1.08 | 1.08 | 1.07 | 1.09 | 241,105 | 67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.46 | 0.25 | • | 5.63 | 5.88 | 0.24 | — | — | 0.24 | 0.04 | — | 32.14 | 22.49 | (d) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 32.50 | 0.15 | (2.72 | ) | (2.57 | ) | 0.39 | 3.05 | — | 3.44 | 0.02 | — | 26.51 | (8.06 | )(c) | 1.28 | 1.25 | 1.21 | 0.91 | 16,989 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 32.07 | 0.29 | • | 0.68 | 0.97 | 0.54 | — | — | 0.54 | — | — | 32.50 | 2.98 | 1.18 | 1.18 | 1.17 | 0.87 | 25,458 | 67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 26.46 | 0.21 | • | 5.60 | 5.81 | 0.24 | — | — | 0.24 | 0.04 | — | 32.07 | 22.23 | (d) | 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 Greater China Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 14.19 | (0.13 | ) | 0.62 | 0.49 | — | — | — | — | — | — | 14.68 | 3.45 | 2.45 | 2.10 | 2.10 | (1.75 | ) | 19,583 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.40 | 0.05 | (2.08 | ) | (2.03 | ) | 0.18 | — | — | 0.18 | — | — | 14.19 | (12.53 | ) | 2.11 | 2.10 | 2.10 | 0.29 | 21,370 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.99 | (0.18 | ) | 0.61 | 0.43 | — | — | — | — | — | — | 14.42 | 3.07 | 3.20 | 2.85 | 2.85 | (2.51 | ) | 1,717 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.18 | (0.08 | )• | (2.04 | ) | (2.12 | ) | 0.07 | — | — | 0.07 | — | — | 13.99 | (13.14 | ) | 2.86 | 2.85 | 2.85 | (0.51 | ) | 1,771 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 13.99 | (0.18 | )• | 0.61 | 0.43 | — | — | — | — | — | — | 14.42 | 3.07 | 3.20 | 2.85 | 2.85 | (2.50 | ) | 3,315 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.19 | (0.06 | ) | (2.06 | ) | (2.12 | ) | 0.08 | — | — | 0.08 | — | — | 13.99 | (13.16 | ) | 2.86 | 2.85 | 2.85 | (0.39 | ) | 4,186 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 Greater China Fund (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 14.23 | (0.09 | ) | 0.61 | 0.52 | — | — | — | — | — | — | 14.75 | 3.65 | 2.03 | 1.68 | 1.68 | (1.37 | ) | 2,552 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.44 | 0.12 | • | (2.10 | ) | (1.98 | ) | 0.23 | — | — | 0.23 | — | — | 14.23 | (12.20 | ) | 1.78 | 1.77 | 1.77 | 0.74 | 1,924 | 129 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 14.07 | (0.13 | ) | 0.62 | 0.49 | — | — | — | — | — | — | 14.56 | 3.48 | 2.45 | 2.10 | 2.10 | (1.76 | ) | 4,528 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 16.27 | 0.07 | (2.08 | ) | (2.01 | ) | 0.19 | — | — | 0.19 | — | — | 14.07 | (12.51 | ) | 2.11 | 2.10 | 2.10 | 0.48 | 4,636 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 14.23 | (0.11 | ) | 0.61 | 0.50 | — | — | — | — | — | — | 14.73 | 3.51 | 2.20 | 1.85 | 1.85 | (1.50 | ) | 3 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)–10-31-11 | 15.51 | 0.02 | (1.30 | ) | (1.28 | ) | 0.00 | * | — | — | 0.00 | * | — | — | 14.23 | (8.25 | ) | 1.86 | 1.85 | 1.85 | 0.61 | 3 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||
ING Index Plus International Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.77 | 0.11 | 0.06 | 0.17 | 0.19 | — | — | 0.19 | — | — | 7.75 | 2.38 | 1.55 | 1.15 | 1.15 | 2.88 | 7,283 | 78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.36 | 0.18 | (0.66 | ) | (0.48 | ) | 0.11 | — | — | 0.11 | — | — | 7.77 | (5.81 | ) | 1.48 | † | 1.15 | † | 1.15 | † | 1.98 | † | 7,322 | 140 | |||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.80 | 0.13 | 0.58 | 0.71 | 0.15 | — | — | 0.15 | 0.00 | * | 0.00 | 8.36 | 9.17 | (e) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.79 | 0.08 | • | 0.07 | 0.15 | 0.09 | — | — | 0.09 | — | — | 7.85 | 2.09 | 2.30 | 1.90 | 1.90 | 2.04 | 320 | 78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.36 | 0.10 | • | (0.64 | ) | (0.54 | ) | 0.03 | — | — | 0.03 | — | — | 7.79 | (6.47 | ) | 2.23 | † | 1.90 | † | 1.90 | † | 1.16 | † | 387 | 140 | ||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.80 | 0.06 | • | 0.58 | 0.64 | 0.08 | — | — | 0.08 | 0.00 | *�� | — | 8.36 | 8.30 | (e) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.72 | 0.07 | 0.08 | 0.15 | 0.12 | — | — | 0.12 | — | — | 7.75 | 2.13 | 2.30 | 1.90 | 1.90 | 2.14 | 1,050 | 78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.30 | 0.10 | • | (0.64 | ) | (0.54 | ) | 0.04 | — | — | 0.04 | — | — | 7.72 | (6.52 | ) | 2.23 | † | 1.90 | † | 1.90 | † | 1.23 | † | 943 | 140 | ||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.75 | 0.07 | • | 0.57 | 0.64 | 0.09 | — | — | 0.09 | 0.00 | * | — | 8.30 | 8.35 | (e) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.80 | 0.14 | 0.04 | 0.18 | 0.22 | — | — | 0.22 | — | — | 7.76 | 2.66 | 1.17 | 0.77 | 0.77 | 3.25 | 40,782 | 78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.38 | 0.17 | (0.61 | ) | (0.44 | ) | 0.14 | — | — | 0.14 | — | — | 7.80 | (5.34 | ) | 1.04 | † | 0.71 | † | 0.71 | † | 2.02 | † | 47,132 | 140 | |||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.81 | 0.14 | • | 0.59 | 0.73 | 0.16 | — | — | 0.16 | 0.00 | * | — | 8.38 | 9.46 | (e) | 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 |
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 Index Plus International Equity Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.71 | 0.11 | 0.07 | 0.18 | 0.19 | — | — | 0.19 | — | — | 7.70 | 2.55 | 1.55 | 1.15 | 1.15 | 2.87 | 37,575 | 78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.30 | 0.17 | (0.65 | ) | (0.48 | ) | 0.11 | — | — | 0.11 | — | — | 7.71 | (5.85 | ) | 1.48 | † | 1.15 | † | 1.15 | † | 1.98 | † | 38,942 | 140 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 7.75 | 0.14 | 0.56 | 0.70 | 0.15 | — | — | 0.15 | 0.00 | * | — | 8.30 | 9.10 | (e) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.79 | 0.12 | 0.05 | 0.17 | 0.22 | — | — | 0.22 | — | — | 7.74 | 2.48 | 1.30 | 0.90 | 0.90 | 3.13 | 3 | 78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)–10-31-11 | 7.93 | 0.03 | (0.17 | ) | (0.14 | ) | — | — | — | — | �� | — | — | 7.79 | (1.77 | ) | 1.23 | † | 0.90 | † | 0.90 | † | 1.73 | † | 3 | 140 | |||||||||||||||||||||||||||||||||||||||||||||||||
ING International Core Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8.83 | 0.06 | 0.48 | 0.54 | 0.08 | — | — | 0.08 | — | — | 9.29 | 6.23 | 1.01 | 0.95 | 0.95 | 1.41 | 339,194 | 33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-08-11(4)–10-31-11 | 10.00 | 0.11 | • | (1.28 | ) | (1.17 | ) | — | — | — | — | — | — | 8.83 | (11.70 | ) | 1.00 | 0.95 | 0.95 | 1.56 | 349,613 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Growth Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 9.30 | 0.10 | 0.50 | 0.60 | 0.15 | 0.04 | — | 0.19 | — | — | 9.71 | 6.71 | 1.06 | 0.99 | 0.99 | 1.93 | 143,329 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
01-06-11(4)–10-31-11 | 10.00 | 0.15 | (0.85 | ) | (0.70 | ) | — | — | — | — | — | — | 9.30 | (7.00 | ) | 1.07 | 0.99 | 0.99 | 1.91 | 150,232 | 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ING International Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.81 | 0.08 | 0.34 | 0.42 | 0.07 | — | — | 0.07 | — | — | 8.16 | 5.50 | 1.50 | 1.50 | 1.50 | 2.00 | 177,123 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.85 | 0.15 | (0.73 | ) | (0.58 | ) | 0.46 | — | — | 0.46 | — | — | 7.81 | (6.96 | ) | 1.47 | 1.47 | 1.47 | 1.84 | 189,499 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.78 | 0.05 | 0.35 | 0.40 | 0.04 | — | — | 0.04 | — | — | 8.14 | 5.23 | 2.25 | 2.25 | 2.25 | 1.24 | 1,729 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.82 | 0.09 | • | (0.74 | ) | (0.65 | ) | 0.39 | — | — | 0.39 | — | — | 7.78 | (7.79 | ) | 2.22 | 2.22 | 2.22 | 1.06 | 2,088 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.78 | 0.05 | 0.34 | 0.39 | 0.04 | — | — | 0.04 | — | — | 8.13 | 5.11 | 2.25 | 2.25 | 2.25 | 1.24 | 16,647 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.81 | 0.11 | (0.75 | ) | (0.64 | ) | 0.39 | — | — | 0.39 | — | — | 7.78 | (7.64 | ) | 2.22 | 2.22 | 2.22 | 1.12 | 18,966 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.82 | 0.09 | 0.34 | 0.43 | 0.09 | — | — | 0.09 | — | — | 8.16 | 5.56 | 1.20 | 1.20 | 1.20 | 2.33 | 267,689 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.87 | 0.19 | (0.75 | ) | (0.56 | ) | 0.49 | — | — | 0.49 | — | — | 7.82 | (6.75 | ) | 1.14 | 1.14 | 1.14 | 2.08 | 253,837 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
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 Real Estate Fund (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7.84 | 0.09 | 0.34 | 0.43 | 0.08 | — | — | 0.08 | — | — | 8.19 | 5.62 | 1.25 | 1.25 | 1.25 | 2.23 | 10,743 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 8.89 | 0.19 | • | (0.75 | ) | (0.56 | ) | 0.49 | — | — | 0.49 | — | — | 7.84 | (6.76 | ) | 1.22 | 1.22 | 1.22 | 2.21 | 10,270 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Small Cap Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 35.39 | 0.14 | • | 2.64 | 2.78 | 0.57 | — | — | 0.57 | 0.10 | — | 37.70 | 8.43 | (g) | 1.75 | 1.70 | 1.70 | 0.78 | 94,764 | �� | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 37.55 | 0.29 | • | (2.32 | ) | (2.03 | ) | 0.14 | — | — | 0.14 | 0.01 | — | 35.39 | (5.41 | )(h) | 1.72 | 1.70 | 1.70 | 0.74 | 99,873 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.45 | 0.14 | • | 6.28 | 6.42 | 0.40 | — | — | 0.40 | 0.08 | — | 37.55 | 20.85 | (i) | 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 | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 37.10 | 0.02 | • | 2.86 | 2.88 | 0.17 | — | — | 0.17 | 0.10 | — | 39.91 | 8.10 | (g) | 2.40 | 2.35 | 2.35 | 0.09 | 2,228 | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 39.49 | (0.00 | )*• | (2.41 | ) | (2.41 | ) | 0.00 | * | — | — | 0.00 | * | 0.02 | — | 37.10 | (6.05 | )(h) | 2.37 | 2.35 | 2.35 | (0.01 | ) | 2,592 | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 33.01 | (0.09 | )• | 6.62 | 6.53 | 0.13 | — | — | 0.13 | 0.08 | — | 39.49 | 20.07 | (i) | 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 | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 32.93 | 0.02 | • | 2.49 | 2.51 | 0.33 | — | — | 0.33 | 0.09 | — | 35.20 | 8.09 | (g) | 2.40 | 2.35 | 2.35 | 0.13 | 23,039 | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 35.04 | 0.04 | • | (2.16 | ) | (2.12 | ) | 0.00 | * | — | — | 0.00 | * | 0.01 | — | 32.93 | (6.02 | )(h) | 2.37 | 2.35 | 2.35 | 0.11 | 23,410 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 29.41 | (0.07 | )• | 5.87 | 5.80 | 0.24 | — | — | 0.24 | 0.07 | — | 35.04 | 20.05 | (i) | 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 | (j) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 35.50 | 0.20 | • | 2.63 | 2.83 | 0.77 | — | — | 0.77 | 0.10 | — | 37.66 | 8.65 | (g) | 1.32 | 1.27 | 1.27 | 1.14 | 108,165 | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 37.66 | 0.50 | • | (2.35 | ) | (1.85 | ) | 0.32 | — | — | 0.32 | 0.01 | — | 35.50 | (4.97 | )(h) | 1.27 | 1.25 | 1.25 | 1.26 | 153,676 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.53 | 0.33 | 6.27 | 6.60 | 0.55 | — | — | 0.55 | 0.08 | — | 37.66 | 21.45 | (i) | 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 | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 35.13 | 0.18 | 2.59 | 2.77 | 0.65 | — | — | 0.65 | 0.10 | — | 37.35 | 8.50 | (g) | 1.65 | 1.60 | 1.60 | 0.96 | 1,681 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 37.30 | 0.39 | • | (2.37 | ) | (1.98 | ) | 0.20 | — | — | 0.20 | 0.01 | — | 35.13 | (5.32 | )(h) | 1.62 | 1.60 | 1.60 | 1.00 | 1,425 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 31.28 | 0.19 | 6.22 | 6.41 | 0.47 | — | — | 0.47 | 0.08 | — | 37.30 | 20.95 | (i) | 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 | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 42.00 | 0.27 | 3.22 | 3.49 | 0.72 | — | — | 0.72 | 0.00 | * | — | 44.77 | 8.62 | (g) | 1.40 | 1.35 | 1.35 | 1.21 | 33,619 | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 44.49 | 0.53 | • | (2.79 | ) | (2.26 | ) | 0.25 | — | — | 0.25 | 0.02 | — | 42.00 | (5.08 | )(h) | 1.37 | 1.35 | 1.35 | 1.14 | 26,693 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 37.21 | 0.32 | • | 7.41 | 7.73 | 0.54 | — | — | 0.54 | 0.09 | — | 44.49 | 21.24 | (i) | 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 | (j) | 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 |
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 Choice Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.13 | 0.07 | (0.80 | ) | (0.73 | ) | 0.27 | — | — | 0.27 | — | — | 9.13 | (7.13 | ) | 1.97 | 1.60 | 1.56 | 1.32 | 18,274 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.96 | 0.16 | (0.90 | ) | (0.74 | ) | 0.09 | — | — | 0.09 | — | — | 10.13 | (6.82 | ) | 1.82 | † | 1.60 | † | 1.60 | † | 1.42 | † | 21,037 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 9.95 | 0.03 | (0.77 | ) | (0.74 | ) | 0.15 | — | — | 0.15 | — | — | 9.06 | (7.43 | ) | 2.72 | 2.35 | 2.31 | 0.57 | 410 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.77 | 0.08 | • | (0.90 | ) | (0.82 | ) | — | — | — | — | — | — | 9.95 | (7.61 | ) | 2.57 | † | 2.35 | † | 2.35 | † | 0.58 | † | 481 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 9.96 | 0.04 | (0.78 | ) | (0.74 | ) | 0.18 | — | — | 0.18 | — | — | 9.04 | (7.37 | ) | 2.72 | 2.35 | 2.31 | 0.56 | 3,737 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.80 | 0.09 | (0.90 | ) | (0.81 | ) | 0.03 | — | — | 0.03 | — | — | 9.96 | (7.55 | ) | 2.57 | † | 2.35 | † | 2.35 | † | 0.69 | † | 4,449 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.14 | 0.07 | • | (0.79 | ) | (0.72 | ) | 0.30 | — | — | 0.30 | — | — | 9.12 | (7.01 | ) | 1.59 | 1.35 | 1.31 | 1.46 | 2,573 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.96 | 0.23 | • | (0.93 | ) | (0.70 | ) | 0.12 | — | — | 0.12 | — | — | 10.14 | (6.50 | ) | 1.38 | † | 1.28 | † | 1.28 | † | 1.82 | † | 3,892 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.14 | 0.13 | • | (0.85 | ) | (0.72 | ) | 0.30 | — | — | 0.30 | — | — | 9.12 | (7.03 | ) | 1.72 | 1.35 | 1.31 | 2.89 | 1,973 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10.97 | 0.22 | (0.94 | ) | (0.72 | ) | 0.11 | — | — | 0.11 | — | — | 10.14 | (6.62 | ) | 1.57 | † | 1.35 | † | 1.35 | † | 2.06 | † | 63 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 International Value Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.59 | 0.07 | • | (0.13 | ) | (0.06 | ) | 0.28 | — | — | 0.28 | 0.01 | — | 10.26 | (0.26 | )(k) | 1.67 | 1.63 | 1.62 | 1.46 | 231,858 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.78 | 0.20 | • | (1.16 | ) | (0.96 | ) | 0.23 | — | — | 0.23 | 0.00 | * | — | 10.59 | (8.33 | )(l) | 1.65 | 1.64 | 1.64 | 1.68 | 306,024 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.18 | • | 0.45 | 0.63 | 0.17 | — | — | 0.17 | 0.02 | — | 11.78 | 5.78 | (m) | 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 | (n) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.61 | 0.04 | • | (0.13 | ) | (0.09 | ) | 0.16 | — | — | 0.16 | 0.01 | — | 10.37 | (0.60 | )(k) | 2.37 | 2.33 | 2.32 | 0.73 | 941 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.66 | 0.11 | • | (1.16 | ) | (1.05 | ) | 0.00 | * | — | — | 0.00 | * | 0.00 | * | — | 10.61 | (9.00 | )(l) | 2.35 | 2.34 | 2.34 | 0.94 | 1,430 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.14 | 0.11 | • | 0.43 | 0.54 | 0.04 | — | — | 0.04 | 0.02 | — | 11.66 | 5.07 | (m) | 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 | (n) | 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 |
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 C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.23 | 0.04 | • | (0.13 | ) | (0.09 | ) | 0.19 | — | — | 0.19 | 0.01 | — | 9.96 | (0.58 | )(k) | 2.37 | 2.33 | 2.32 | 0.81 | 116,926 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.40 | 0.11 | • | (1.12 | ) | (1.01 | ) | 0.16 | — | — | 0.16 | 0.00 | * | — | 10.23 | (8.98 | )(l) | 2.35 | 2.34 | 2.34 | 0.98 | 137,199 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 10.95 | 0.11 | • | 0.43 | 0.54 | 0.11 | — | — | 0.11 | 0.02 | — | 11.40 | 5.07 | (m) | 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 | (n) | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.58 | 0.10 | (0.15 | ) | (0.05 | ) | 0.33 | — | — | 0.33 | 0.01 | — | 10.21 | (0.09 | )(k) | 1.27 | 1.23 | 1.22 | 1.90 | 214,774 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.77 | 0.23 | • | (1.16 | ) | (0.93 | ) | 0.26 | — | — | 0.26 | 0.00 | * | — | 10.58 | (8.04 | )(l) | 1.29 | 1.28 | 1.28 | 1.97 | 258,683 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.23 | • | 0.44 | 0.67 | 0.22 | — | — | 0.22 | 0.02 | — | 11.77 | 6.15 | (m) | 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 | (n) | �� | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 10.57 | 0.09 | • | (0.14 | ) | (0.05 | ) | 0.31 | — | — | 0.31 | 0.01 | — | 10.22 | (0.08 | )(k) | 1.37 | 1.33 | 1.32 | 1.86 | 283 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11.76 | 0.08 | • | (1.01 | ) | (0.93 | ) | 0.26 | — | — | 0.26 | 0.00 | * | — | 10.57 | (8.06 | )(l) | 1.35 | 1.34 | 1.34 | 0.70 | 445 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-10 | 11.30 | 0.22 | 0.44 | 0.66 | 0.22 | — | — | 0.22 | 0.02 | — | 11.76 | 6.04 | (m) | 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 | (n) | 1.33 | † | 1.33 | † | 1.33 | † | 0.20 | † | 3 | 92 | |||||||||||||||||||||||||||||||||||||||||||||||||||
ING Russia Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 33.52 | (0.28 | ) | 0.42 | 0.14 | — | — | — | — | — | — | 33.66 | 0.42 | 2.18 | 2.18 | 2.18 | (1.63 | ) | 285,505 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 36.52 | (0.12 | )• | (2.88 | ) | (3.00 | ) | — | — | — | — | — | — | 33.52 | (8.21 | ) | 2.03 | 2.03 | 2.03 | (0.29 | ) | 317,715 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 33.79 | (0.22 | )• | 0.43 | 0.21 | — | — | — | — | — | — | 34.00 | 0.62 | 1.88 | 1.88 | 1.88 | (1.33 | ) | 13,387 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 36.64 | (0.02 | ) | (2.83 | ) | (2.85 | ) | — | — | — | — | — | — | 33.79 | (7.78 | ) | 1.73 | 1.73 | 1.73 | (0.04 | ) | 10,528 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 33.74 | (0.22 | )• | 0.41 | 0.19 | — | — | — | — | — | — | 33.93 | 0.56 | 1.93 | 1.93 | 1.93 | (1.29 | ) | 7 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-05-11(4)–10-31-11 | 39.53 | (0.03 | ) | (5.76 | ) | (5.79 | ) | — | — | — | — | — | — | 33.74 | (14.65 | ) | 1.78 | 1.78 | 1.78 | (0.41 | ) | 3 | 31 |
(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 an Investment Adviser and/or Distributor but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions/additions represent the net expenses paid by a Fund. Net investment income (loss) is net of all such additions or reductions. |
(4) | Commencement of operations. |
(a) | Excluding a distribution payment from settlement of a regulatory matter during the six months ended April 30, 2012, Emerging Countries total return would have been 2.16%, 1.75%, 1.79%, 2.30% and 2.27% on Classes A, B, C, I and W, respectively. |
(b) | Excluding a distribution payment from settlement of a regulatory matter during the six months ended April 30, 2012, Global Natural Resources total return would have been (2.37)%, (2.22)% and (2.29)% on Classes A, I and W, respectively. |
(c) | Excluding a distribution payment from settlement of a regulatory matter during the six months ended April 30, 2012, Global Value Choice total return would have been (8.25)%, (8.58)%, (8.58)%, (8.13)% and (8.13)% on Classes A, B, C, I and W, respectively. |
(d) | 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. |
(e) | There was no impact on total return by the payment from distribution settlement. |
(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 distribution payment from settlement of a regulatory matter during the six months ended April 30, 2012, International Small Cap total return would have been 8.14%, 7.82%, 7.79%, 8.38%, 8.20% and 8.32% on Classes A, B, C, I, O and W, respectively. |
(h) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2011, International Small Cap total return would have been (5.45)%, (6.09)%, (6.06)%, (5.01)%, (5.36)% and (5.12)% on Classes A,B,C,I, O and W, respectively. |
(i) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2010, International Small Cap 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. |
(j) | Excluding a payment by affiliate in the fiscal year ended October 31, 2009, International Small Cap 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. |
(k) | Excluding a distribution payment from settlement of a regulatory matter during the six months ended April 30, 2012, International Value total return would have been (0.39)%, (0.73)%, (0.71)%, (0.22)% and (0.21)% on Classes A, B, C, I and W, respectively. |
(l) | Excluding a payment from distribution settlement in the fiscal year ended October 31, 2011, International Value total return would have been (8.34)%, (9.02)%, (9.00)%, (8.05)% and (8.07)% on Classes A,B,C,I and W, respectively. |
(m) | 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. |
(n) | 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. |
• | Calculated using average number of shares outstanding throughout the period. |
* | Amount is less than $0.005 or 0.005% or more than $(0.005) or (0.005)%. |
† | Impact of waiving the advisory fee for the ING Institutional Prime Money Market Fund holding has less than 0.005% impact on the expense ratio and net investment income or loss ratio. |
yield data relating to investments or securities with similar characteristics. Investments in open-end mutual funds are valued at the net asset value. Investments in securities of sufficient credit quality, maturing 60 days or less from date of acquisition are valued at amortized cost which approximates fair value.
actual or estimated market value, with special provisions for assets not having readily available market quotations and short-term debt securities, and for situations where market quotations are deemed unreliable. Investments held in Underlying Funds maturing in 60 days or less from the date of acquisition are valued at amortized cost which generally approximates fair value. Securities prices may be obtained from automated pricing services. Shares of investment companies held by the Underlying Funds will generally be valued at the latest NAV reported by that investment company.
(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. |
revaluation of currencies and future adverse political and economic developments which could cause securities and their markets to be less liquid, and prices more volatile than those of comparable U.S. companies and U.S. government securities. The foregoing risks are even greater with respect to securities of issuers in emerging markets.
arrangements, established within the Funds International Swap and Derivatives Association, Inc. (“ISDA”) Master Agreements (“Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the-counter (“OTC”) derivative and forward foreign currency contracts, entered into by the Funds and the counterparty. The Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable Master Agreement.
purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss.
equivalent (i.e. buying protection on an equivalent reference entity).
Purchases | Sales | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Diversified International | $ | 19,411,855 | $ | 39,392,955 | ||||||
Emerging Countries | 81,928,246 | 16,406,727 | ||||||||
Emerging Markets Equity | 15,281,594 | 13,198,891 | ||||||||
Global Bond | 699,234,451 | 670,571,539 | ||||||||
Global Equity Dividend | 28,063,722 | 35,343,264 | ||||||||
Global Natural Resources | 18,388,554 | 21,302,884 | ||||||||
Global Opportunities | 8,559,334 | 22,630,365 | ||||||||
Global Real Estate | 883,046,784 | 640,485,917 | ||||||||
Global Value Choice | 91,189,377 | 381,282,868 | ||||||||
Greater China | 11,882,886 | 14,937,387 | ||||||||
Index Plus International Equity | 71,486,015 | 78,831,571 | ||||||||
International Core | 112,258,873 | 132,880,581 | ||||||||
International Growth | 17,786,853 | 30,306,998 | ||||||||
International Real Estate | 96,896,954 | 126,939,540 | ||||||||
International Small Cap | 34,714,081 | 93,105,963 | ||||||||
International Value Choice | 2,604,397 | 3,634,777 | ||||||||
International Value | 110,928,110 | 262,531,803 | ||||||||
Russia | 65,523,350 | 85,954,732 |
Purchases | Sales | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Global Bond | $ | 895,071,032 | $ | 916,287,323 |
As a Percentage of Average Daily Net Assets | ||||||
---|---|---|---|---|---|---|
Diversified International | 0.00% | |||||
Emerging Countries | 1.00% | |||||
Emerging Markets Equity | 1.00% | |||||
Global Bond | 0.40% | |||||
Global Equity Dividend | 0.70% | |||||
Global Natural Resources | 1.00% on first $50 million; and 0.75% thereafter | |||||
Global Opportunities | 0.90% on the first $500 million; and 0.85% 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 | |||||
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 Core | 0.75% | |||||
International Growth | 0.75% | |||||
International Real Estate | 1.00% on the first $250 million; 0.90% on the next $250 million; and 0.80% thereafter | |||||
International Small Cap(1) | 1.00% on first $500 million; 0.90% on next $500 million; and 0.85% thereafter | |||||
International Value Choice(2) | 1.00% | |||||
International Value(1) | 1.00% on the first $1.5 billion; 0.70% on the next $750 million; and 0.65% thereafter (applied to all assets of the Fund) | |||||
Russia | 1.25% |
(1) | ING Investments has contractually agreed to waive a portion of the advisory fee for International Small Cap and International Value. These agreements will only renew if ING Investments elects to renew them. |
(2) | Pursuant to a side agreement, ING Investments has agreed to waive 0.10% of the advisory fee for International Value Choice. The waiver agreement will only renew if ING Investments elects to renew it. |
Fund | Sub-Adviser | |||||
---|---|---|---|---|---|---|
Emerging Countries | J.P. Morgan Investment Management Inc. and Delaware Management Company | |||||
Emerging Markets Equity | J.P. Morgan Investment Management Inc. and Delaware Management Company | |||||
Global Bond | ING Investment Management Co. LLC* | |||||
Global Equity Dividend | ING Investment Management Advisors B.V* | |||||
Global Natural Resources | ING Investment Management Co. LLC* | |||||
Global Opportunities | ING Investment Management Advisors B.V.* | |||||
Global Real Estate | CBRE Clarion Securities LLC | |||||
Global Value Choice | Tradewinds Global Investors, LLC | |||||
Greater China | ING Investment Management Asia/Pacific (Hong Kong) Limited* | |||||
Index Plus International Equity | ING Investment Management Co. LLC* | |||||
International Core | Thornburg Investment Management, Inc. and Wellington Management Company, LLP | |||||
International Growth | Baillie Gifford Overseas Limited and T. Rowe Price Associates, Inc. | |||||
International Real Estate | CBRE Clarion Securities LLC | |||||
International Small Cap | Acadian Asset Management LLC and Schroder Investment Management North America Inc. | |||||
International Value Choice | Tradewinds Global Investors, LLC | |||||
International Value | Brandes Investment Partners, L.P., del Rey Global Investors, LLC and ING Investment Management Co. LLC* | |||||
Russia | ING Investment Management Advisors B.V* |
Class A | Class B | Class C | Class O | Class R | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | 0.50 | % | ||||||||||||
Emerging Countries | 0.35 | %(1) | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Emerging Markets Equity | 0.25 | % | N/A | 1.00 | % | N/A | 0.50 | % | ||||||||||||||
Global Bond | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | 0.50 | % | ||||||||||||
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 Opportunities | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Global Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | 0.25 | % | 0.50 | % | ||||||||||||
Global Value Choice | 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 Real Estate | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
International Small Cap | 0.35 | % | 1.00 | % | 1.00 | % | 0.25 | % | N/A | |||||||||||||
International Value Choice | 0.25 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
International Value | 0.30 | % | 1.00 | % | 1.00 | % | N/A | N/A | ||||||||||||||
Russia | 0.25 | % | N/A | N/A | N/A | N/A |
(1) | The Distributor has agreed to waive 0.10% of the Distribution Fee for Class A shares of Emerging Countries. For the six months ended April 30, 2012, the Distributor waived $29,374 for Class A shares of Emerging Countries. |
Class A | Class C | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Initial Sales Charges: | ||||||||||
Diversified International | $ | 1,303 | $— | |||||||
Emerging Countries | 2,475 | — | ||||||||
Emerging Markets Equity | 5 | — | ||||||||
Global Bond | 29,863 | — | ||||||||
Global Equity Dividend | 3,284 | — | ||||||||
Global Natural Resources | 8,575 | — | ||||||||
Global Opportunities | 848 | — | ||||||||
Global Real Estate | 48,090 | — | ||||||||
Global Value Choice | 4,075 | — | ||||||||
Greater China | 4,537 | — | ||||||||
Index Plus International Equity | 128 | — | ||||||||
International Real Estate | 1,774 | — | ||||||||
International Small Cap | 1,559 | — | ||||||||
International Value Choice | 1,391 | — | ||||||||
International Value | 413 | — | ||||||||
Russia | 29,312 | — | ||||||||
Contingent Deferred Sales Charges: | ||||||||||
Diversified International | $ | — | $272 | |||||||
Emerging Countries | — | 45 | ||||||||
Global Bond | 10,368 | 1,187 | ||||||||
Global Equity Dividend | — | 253 | ||||||||
Global Opportunities | — | 420 | ||||||||
Global Real Estate | 274 | 1,848 | ||||||||
Global Value Choice | 329 | 2,916 | ||||||||
Greater China | — | 102 | ||||||||
International Real Estate | — | 98 | ||||||||
International Small Cap | — | 95 | ||||||||
International Value | — | 409 | ||||||||
Russia | 67 | — |
Fund | Accrued Investment Management Fees | Accrued Administrative Fees | Accrued Shareholder Service and Distribution Fees | Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | $ | — | $ | 9,269 | $ | 47,612 | $ | 56,881 | ||||||||||
Emerging Countries | 67,501 | 6,750 | 21,919 | 96,170 | ||||||||||||||
Emerging Markets Equity | 75,656 | 7,565 | 35 | 83,256 | ||||||||||||||
Global Bond | 240,302 | 60,075 | 127,644 | 428,021 | ||||||||||||||
Global Equity Dividend | 44,198 | 6,314 | 30,720 | 81,232 | ||||||||||||||
Global Natural Resources | 75,971 | 8,763 | 20,451 | 105,185 | ||||||||||||||
Global Opportunities | 42,594 | 4,733 | 27,352 | 74,679 | ||||||||||||||
Global Real Estate | 2,283,292 | 321,057 | 445,619 | 3,049,968 | ||||||||||||||
Global Value Choice | 243,766 | 27,085 | 109,280 | 380,131 | ||||||||||||||
Greater China | 30,356 | 2,640 | 9,215 | 42,211 | ||||||||||||||
Index Plus International Equity | 42,238 | 7,679 | 10,289 | 60,206 | ||||||||||||||
International Core | 225,790 | 30,105 | — | 255,895 | ||||||||||||||
International Growth | 95,618 | 12,749 | — | 108,367 | ||||||||||||||
International Real Estate | 370,088 | 38,843 | 50,942 | 459,873 | ||||||||||||||
International Small Cap | 268,625 | 22,000 | 48,242 | 338,867 | ||||||||||||||
International Value Choice | 17,743 | 2,246 | 7,284 | 27,273 | ||||||||||||||
International Value | 495,999 | 47,618 | 150,041 | 693,658 | ||||||||||||||
Russia | 313,936 | 25,114 | 59,959 | 399,009 |
ING Portfolios/Funds or Subsidiaries | Fund | Percentage | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
ING Capital Allocation Fund | Emerging Markets Equity | 15.14 | % | |||||||
Index Plus International Equity | 23.05 | |||||||||
ING Direct Investing, Inc. | Global Equity Dividend | 17.52 | ||||||||
Greater China | 14.35 | |||||||||
Index Plus International Equity | 41.50 | |||||||||
Diversified International | Emerging Markets Equity | 18.09 | ||||||||
International Core | 13.32 | |||||||||
International Growth | 15.74 | |||||||||
ING Global Target Payment Fund | Emerging Markets Equity | 9.46 | ||||||||
Index Plus International Equity | 20.23 | |||||||||
ING Life Insurance and Annuity Company | International Small Cap | 8.61 | ||||||||
ING National Trust | International Value Choice | 6.01 | ||||||||
International Value | 14.96 | |||||||||
ING Solution 2015 Portfolio | Global Bond | 6.76 | ||||||||
International Core | 9.28 | |||||||||
International Growth | 10.98 | |||||||||
ING Solution 2025 Portfolio | Emerging Markets Equity | 13.80 | ||||||||
Global Bond | 11.08 | |||||||||
International Core | 18.99 | |||||||||
International Growth | 27.02 | |||||||||
ING Solution 2035 Portfolio | Emerging Markets Equity | 23.91 | ||||||||
International Core | 32.98 | |||||||||
International Growth | 23.39 | |||||||||
ING Solution 2045 Portfolio | Emerging Markets Equity | 15.60 | ||||||||
International Core | 21.52 | |||||||||
International Growth | 20.37 | |||||||||
Reliastar Life Insurance Company | Emerging Countries | 7.05 |
Fund | Accrued Expenses | Amount | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Greater China | Transfer Agent | $ | 39,500 | |||||||
International Value Choice | Postage | 12,221 | ||||||||
Transfer Agent | 13,136 | |||||||||
International Value | Postage | 170,661 | ||||||||
Transfer Agent | 170,093 | |||||||||
Russia | Custody | 402,794 |
Class A | Class B | Class C | Class I | Class O | Class R | Class W | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International(1) | 0.50 | % | 1.25 | % | 1.25 | % | 0.25 | % | 0.50 | % | 0.75 | % | 0.25 | % | ||||||||||||||||
Emerging Countries | 2.25 | % | 2.90 | % | 2.90 | % | 1.75 | % | N/A | N/A | 1.90 | % | ||||||||||||||||||
Emerging Markets Equity | 1.60 | % | N/A | 2.35 | % | 1.35 | % | N/A | 1.85 | % | 1.35 | % | ||||||||||||||||||
Global Bond | 0.90 | % | 1.65 | % | 1.65 | % | 0.61 | % | 0.90 | % | 1.15 | % | 0.65 | % | ||||||||||||||||
Global Equity Dividend | 1.40 | % | 2.15 | % | 2.15 | % | 1.15 | % | 1.40 | % | N/A | 1.15 | % | |||||||||||||||||
Global Natural Resources | 2.00 | % | N/A | N/A | 1.75 | % | N/A | N/A | 1.75 | % | ||||||||||||||||||||
Global Opportunities | 1.50 | % | 2.25 | % | 2.25 | % | 1.15 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
Global Real Estate | 1.75 | % | 2.50 | % | 2.50 | % | 1.50 | % | 1.75 | % | 2.00 | % | 1.50 | % | ||||||||||||||||
Global Value Choice | 1.50 | % | 2.25 | % | 2.25 | % | 1.25 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
Greater China | 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 | 0.90 | % | |||||||||||||||||
International Core | N/A | N/A | N/A | 0.95 | % | N/A | N/A | N/A | ||||||||||||||||||||||
International Growth | N/A | N/A | N/A | 0.99 | % | N/A | N/A | N/A | ||||||||||||||||||||||
International Real Estate | 1.50 | % | 2.25 | % | 2.25 | % | 1.25 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
International Small Cap | 1.95 | % | 2.60 | % | 2.60 | % | 1.40 | % | 1.85 | % | N/A | 1.60 | % | |||||||||||||||||
International Value Choice | 1.70 | % | 2.45 | % | 2.45 | % | 1.45 | % | N/A | N/A | 1.45 | % | ||||||||||||||||||
International Value | 1.80 | % | 2.50 | % | 2.50 | % | 1.50 | % | N/A | N/A | 1.50 | % | ||||||||||||||||||
Russia | 2.75 | % | N/A | N/A | 2.50 | % | N/A | N/A | 2.50 | % |
(1) | 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. 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. |
Class A | Class B | Class C | Class I | Class O | Class R | Class W | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Emerging Countries(1) | 1.85 | % | 2.60 | % | 2.60 | % | 1.50 | % | N/A | N/A | 1.65 | % | ||||||||||||||||||
Emerging Markets Equity | 1.60 | % | N/A | 2.35 | % | 1.25 | % | N/A | 1.85 | % | 1.35 | % | ||||||||||||||||||
Global Natural Resources(1)(2) | 1.60 | % | N/A | N/A | 1.35 | % | N/A | N/A | 1.35 | % | ||||||||||||||||||||
Global Opportunities | 1.50 | % | 2.25 | % | 2.25 | % | 1.05 | % | N/A | N/A | 1.25 | % | ||||||||||||||||||
Global Real Estate(1) | 1.65 | % | 2.40 | % | 2.40 | % | 1.40 | % | 1.65 | % | 1.90 | % | 1.40 | % | ||||||||||||||||
Greater China(1) | 2.10 | % | 2.85 | % | 2.85 | % | 1.85 | % | 2.10 | % | N/A | 1.85 | % | |||||||||||||||||
International SmallCap(1)(3) | 1.80 | % | 2.45 | % | 2.45 | % | 1.25 | % | 1.70 | % | N/A | 1.45 | % | |||||||||||||||||
International Value Choice | 1.60 | % | 2.35 | % | 2.35 | % | 1.35 | % | N/A | N/A | 1.35 | % | ||||||||||||||||||
International Value(1)(3) | 1.60 | % | 2.30 | % | 2.30 | % | 1.30 | % | N/A | N/A | 1.30 | % | ||||||||||||||||||
Russia(1)(3) | 2.25 | % | N/A | N/A | 2.00 | % | N/A | N/A | 2.00 | % |
(1) | Any fees waived pursuant to the side agreement shall not be eligible for recoupment. |
(2) | Prior to January 1, 2012, pursuant to a side agreement, the expense limits were 1.85%, 1.60% and 1.60% for Class A, I and W shares, respectively. |
(3) | Prior to January 1, 2012, the Fund did not have a side agreement. |
2013 | 2014 | 2015 | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | $ | 499,006 | $ | 214,342 | $ | 129,289 | $ | 842,637 | ||||||||||
Emerging Markets Equity | — | — | 162,231 | 162,231 | ||||||||||||||
Global Bond | 257,987 | 467,756 | 147,364 | 873,107 | ||||||||||||||
Global Equity Dividend | 82,448 | — | 28,734 | 111,182 | ||||||||||||||
Global Opportunities | — | 194,656 | 53,568 | 248,224 | ||||||||||||||
Index Plus International Equity | 22,838 | 167,005 | 401,354 | 591,197 | ||||||||||||||
International Core | — | 28,368 | 193,774 | 222,142 | ||||||||||||||
International Growth | — | 27,483 | 117,220 | 144,703 | ||||||||||||||
International Small Cap | — | — | 35,765 | 35,765 | ||||||||||||||
International Value Choice | — | — | 19,065 | 19,065 |
2013 | 2014 | 2015 | Total | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | ||||||||||||||||||
Class A | $ | 39,721 | $ | 31,517 | $ | 102,828 | $ | 174,066 | ||||||||||
Class B | 5,831 | 5,039 | 16,427 | 27,297 | ||||||||||||||
Class C | 21,687 | 18,076 | 60,857 | 100,620 | ||||||||||||||
Class O | 3,159 | 1,122 | 4,110 | 8,391 | ||||||||||||||
Class R | 54 | 56 | 191 | 301 | ||||||||||||||
Class W | 3,964 | 753 | 2,519 | 7,236 | ||||||||||||||
Global Opportunities | �� | |||||||||||||||||
Class A | $ | 100,498 | $ | 10,326 | $ | — | $ | 110,824 | ||||||||||
Class B | 15,072 | 1,604 | — | 16,676 | ||||||||||||||
Class C | 82,986 | 8,745 | — | 91,731 | ||||||||||||||
Class I | — | 3,170 | 7,716 | 10,886 | ||||||||||||||
Class W | 737 | 388 | — | 1,125 | ||||||||||||||
Global Value Choice | ||||||||||||||||||
Class A | $ | — | $ | — | $ | 25,887 | $ | 25,887 | ||||||||||
Class B | — | — | 786 | 786 | ||||||||||||||
Class C | — | — | 16,224 | 16,224 | ||||||||||||||
Class W | — | — | 3,138 | 3,138 | ||||||||||||||
Index Plus International Equity | ||||||||||||||||||
Class A | $ | 18,784 | $ | 3,030 | $ | — | $ | 21,814 | ||||||||||
Class B | 2,328 | 293 | — | 2,621 | ||||||||||||||
Class C | 2,952 | 441 | — | 3,393 | ||||||||||||||
Class O | 99,705 | 15,815 | — | 115,520 | ||||||||||||||
International Real Estate | ||||||||||||||||||
Class A | $ | 158,438 | $ | 405 | $ | 3,143 | $ | 161,986 | ||||||||||
Class B | 6,996 | 96 | 30 | 7,122 | ||||||||||||||
Class C | 51,655 | 612 | 291 | 52,558 | ||||||||||||||
Class W | — | — | 193 | 193 | ||||||||||||||
International Value Choice | ||||||||||||||||||
Class A | $ | 15,874 | $ | 27,795 | $ | 13,167 | $ | 56,836 | ||||||||||
Class B | 1,164 | 910 | 303 | 2,377 | ||||||||||||||
Class C | 3,756 | 6,165 | 2,750 | 12,671 | ||||||||||||||
Class W | 21 | 90 | 409 | 520 |
AUD Notional | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Purchased | 44,600,000 | 423,078 | ||||||||
Options Terminated in Closing Sell Transactions | (44,600,000 | ) | (423,078 | ) | ||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | — | $ | — |
EUR Notional | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | 11,600,000 | $ | 348,378 | |||||||
Options Purchased | — | — | ||||||||
Options Terminated in Closing Sell Transactions | — | — | ||||||||
Options Expired | (11,600,000 | ) | (348,378 | ) | ||||||
Balance at 4/30/12 | — | $ | — |
USD Notional | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | 141,800,000 | $ | 2,168,314 | |||||||
Options Purchased | 91,800,000 | 343,082 | ||||||||
Options Terminated in Closing Sell Transactions | 468,700,000 | ) | (6,503,144 | ) | ||||||
Options Expired | (78,900,000 | ) | 618,113 | ) | ||||||
Balance at 4/30/12 | 86,000,000 | $ | 1,390,139 |
USD Notional | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Purchased | 5,635,000 | 82,764 | ||||||||
Options Terminated in Closing Sell Transactions | — | — | ||||||||
Options Expired | (5,635,000 | ) | (82,764 | ) | ||||||
Balance at 4/30/12 | — | $ | — |
Number of Contracts | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Purchased | 39,800,000 | 398,000 | ||||||||
Options Terminated in Closing Sell Transactions | — | — | ||||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | 39,800,000 | $ | 398,000 |
Number of Contracts | Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Purchased | 62,945,000 | 1,601,057 | ||||||||
Options Terminated in Closing Sell Transactions | (34,970,000 | ) | (656,369 | ) | ||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | 27,975,000 | $ | 944,688 |
AUD Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Written | 44,600,000 | 449,223 | ||||||||
Options Terminated in Closing Purchase Transactions | (44,600,000 | ) | (449,223 | ) | ||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | — | $ | — |
EUR Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | 11,600,000 | $ | 284,546 | |||||||
Options Written | — | — | ||||||||
Options Terminated in Closing Purchase Transactions | — | — | ||||||||
Options Expired | (11,600,000 | ) | (284,546 | ) | ||||||
Balance at 4/30/12 | — | $ | — |
USD Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | 110,600,000 | $ | 1,266,276 | |||||||
Options Written | 566,600,000 | 5,241,403 | ||||||||
Options Terminated in Closing Purchase Transactions | (378,100,000 | ) | (4,375,261 | ) | ||||||
Options Expired | (232,200,000 | ) | (1,507,200 | ) | ||||||
Balance at 4/30/12 | 66,900,000 | $ | 625,219 |
USD Notional | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/11 | — | $ | — | |||||||
Options Written | (16,905,000 | ) | (66,916 | ) | ||||||
Options Terminated in Closing Purchase Transactions | — | — | ||||||||
Options Expired | 16,905,000 | 66,916 | ||||||||
Balance at 4/30/12 | — | $ | — |
Number of Contracts | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/2011 | — | $ | — | |||||||
Options Written | 79,600,000 | 398,000 | ||||||||
Options Terminated in Closing Purchase Transactions | — | — | ||||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | 79,600,000 | $ | 398,000 |
Number of Contracts | Premiums Received | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at 10/31/2011 | — | $ | — | |||||||
Options Written | 45,460,000 | 645,185 | ||||||||
Options Terminated in Closing Purchase Transactions | (17,485,000 | ) | (169,605 | ) | ||||||
Options Expired | — | — | ||||||||
Balance at 4/30/12 | 27,975,000 | $ | 475,580 |
Fund | Days Utilized | Approximate Average Daily Balance For Days Utilized | Approximate Weighted Average Interest Rate For Days Utilized | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | 2 | $ | 1,215,000 | 1.23 | % | |||||||||
Global Bond | 9 | 3,560,000 | 1.27 | |||||||||||
Global Equity Dividend | 3 | 550,000 | 1.30 | |||||||||||
Global Opportunities | 11 | 586,818 | 1.24 | |||||||||||
Global Value Choice | 17 | 21,800,294 | 1.29 | |||||||||||
Greater China | 1 | 665,000 | 1.23 | |||||||||||
International Real Estate | 7 | 974,286 | 1.23 | |||||||||||
International Small Cap | 11 | 946,364 | 1.23 | |||||||||||
International Value | 78 | 1,786,667 | 1.25 | |||||||||||
Russia | 4 | 1,167,500 | 1.28 |
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 16) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | $ | ($) | ($) | $ | ($) | $ | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Diversified International | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4-30-12 | 157,894 | — | 78,991 | (1,383,470 | ) | — | (1,146,585 | ) | 1,375,146 | — | — | 635,082 | — | (11,941,606 | ) | — | (9,931,378 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 790,343 | — | 90,062 | (4,745,194 | ) | — | (3,864,789 | ) | 7,627,783 | — | — | 863,699 | — | (45,428,470 | ) | — | (36,936,988 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 254 | — | 2,703 | (184,533 | ) | — | (181,576 | ) | 4,845 | — | — | 21,787 | — | (1,577,993 | ) | — | (1,551,361 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 607 | — | 2,021 | (605,231 | ) | — | (602,603 | ) | 6,016 | — | — | 19,384 | — | (5,756,366 | ) | — | (5,730,966 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 60,276 | — | 9,250 | (733,509 | ) | — | (663,983 | ) | 521,123 | — | — | 74,369 | — | (6,216,291 | ) | — | (5,620,799 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 194,020 | — | 8,099 | (2,071,989 | ) | — | (1,869,870 | ) | 1,836,873 | — | — | 77,503 | — | (19,497,794 | ) | — | (17,583,418 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 97,655 | — | 14,746 | (266,432 | ) | — | (154,031 | ) | 836,682 | — | — | 117,965 | — | (2,272,553 | ) | — | (1,317,906 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,060,810 | — | 3,807 | (661,463 | ) | — | 403,154 | 10,315,904 | — | — | 36,391 | — | (6,155,133 | ) | — | 4,197,162 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 84,387 | — | — | (46,707 | ) | — | 37,680 | 727,049 | — | — | — | — | (398,253 | ) | — | 328,796 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 209,526 | — | — | (116,325 | ) | — | 93,201 | 1,989,309 | — | — | — | — | (1,059,969 | ) | — | 929,340 | |||||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | 171 | (4,697 | ) | — | (4,526 | ) | 40 | — | — | 1,361 | — | (38,892 | ) | — | (37,491 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | — | — | 140 | (2,802 | ) | — | (2,662 | ) | — | — | — | 1,332 | — | (27,610 | ) | — | (26,278 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11,337 | — | 1,880 | (71,575 | ) | — | (58,358 | ) | 98,008 | — | — | 14,983 | — | (589,937 | ) | — | (476,946 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 66,855 | — | 3,496 | (170,541 | ) | — | (100,190 | ) | 587,373 | — | — | 33,281 | — | (1,612,628 | ) | — | (991,974 | ) | |||||||||||||||||||||||||||||||||||||||||
Emerging Countries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 60,891 | — | — | (228,548 | ) | — | (167,657 | ) | 1,535,835 | 67,331 | — | — | — | (5,488,439 | ) | — | (3,885,273 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 152,170 | — | 60 | (651,910 | ) | — | (499,680 | ) | 4,411,448 | — | — | 1,388 | — | (18,621,671 | ) | — | (14,208,835 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 32 | — | — | (18,438 | ) | — | (18,406 | ) | 741 | 1,893 | — | — | — | (446,068 | ) | — | (443,434 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 3,213 | — | 1 | (61,760 | ) | — | (58,546 | ) | 91,802 | — | — | 36 | — | (1,758,758 | ) | — | (1,666,920 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 43,781 | — | — | (73,876 | ) | — | (30,095 | ) | 1,026,183 | 11,210 | — | — | — | (1,646,702 | ) | — | (609,309 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 30,879 | — | 11 | (154,996 | ) | — | (124,106 | ) | 813,881 | — | — | 235 | — | (4,101,579 | ) | — | (3,287,463 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 40,355 | — | — | (65,296 | ) | — | (24,941 | ) | 994,221 | 8,701 | — | — | — | (1,614,631 | ) | — | (611,709 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,081,015 | — | 3,429 | (3,241,619 | ) | — | (2,157,175 | ) | 31,154,841 | — | — | 103,143 | — | (82,565,009 | ) | — | (51,307,025 | ) |
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 16) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | $ | ($) | ($) | $ | ($) | $ | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Emerging Countries (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 48,297 | — | — | (60,796 | ) | — | (12,499 | ) | 1,261,319 | 3,607 | — | — | — | (1,620,522 | ) | — | (355,596 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 54,828 | — | 211 | (136,623 | ) | — | (81,584 | ) | 1,723,097 | — | — | 6,626 | — | (4,155,675 | ) | — | (2,425,952 | ) | |||||||||||||||||||||||||||||||||||||||||
Emerging Markets Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11,563 | — | 8 | (300 | ) | — | 11,271 | 133,981 | — | — | 82 | — | (3,489 | ) | — | 130,574 | |||||||||||||||||||||||||||||||||||||||||||
10-11-11- 10-31-11 | 1,965 | — | — | (1 | ) | — | 1,964 | 19,841 | — | — | — | — | (10 | ) | — | 19,831 | |||||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
10-11-11- 10-31-11 | 302 | — | — | (1 | ) | — | 301 | 3,020 | — | — | — | — | (10 | ) | — | 3,010 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,301,068 | — | 43,651 | (1,699,046 | ) | — | (354,327 | ) | 14,568,391 | — | — | 436,485 | — | (19,004,709 | ) | — | (3,999,833 | ) | |||||||||||||||||||||||||||||||||||||||||
10-11-11- 10-31-11 | 8,629,474 | — | — | (228,984 | ) | — | 8,400,490 | 86,341,357 | — | — | — | — | (2,442,177 | ) | — | 83,899,180 | |||||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
10-11-11- 10-31-11 | 302 | — | — | (1 | ) | — | 301 | 3,020 | — | — | — | — | (10 | ) | — | 3,010 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 190,465 | — | 6 | (17,435 | ) | — | 173,036 | 2,160,161 | — | — | 65 | — | (197,806 | ) | — | 1,962,420 | |||||||||||||||||||||||||||||||||||||||||||
10-11-11- 10-31-11 | 302 | — | — | (1 | ) | — | 301 | 3,020 | — | — | — | — | (10 | ) | — | 3,010 | |||||||||||||||||||||||||||||||||||||||||||
Global Bond | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 4,767,821 | — | 867,613 | (10,410,164 | ) | — | (4,774,730 | ) | 55,062,222 | — | — | 9,883,646 | — | (118,130,849 | ) | — | (53,184,981 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 14,837,384 | — | 940,858 | (8,773,526 | ) | — | 7,004,716 | 176,621,769 | — | — | 11,116,131 | — | (103,775,875 | ) | — | 83,962,025 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15,076 | — | 5,289 | (32,385 | ) | — | (12,020 | ) | 171,527 | — | — | 59,703 | — | (369,765 | ) | — | (138,535 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 25,063 | — | 10,171 | (194,167 | ) | — | (158,933 | ) | 293,547 | �� | — | 119,021 | — | (2,285,314 | ) | — | (1,872,746 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 2,169,337 | — | 218,920 | (1,085,266 | ) | — | 1,302,991 | 24,919,008 | — | — | 2,480,397 | — | (12,450,285 | ) | — | 14,949,120 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 2,435,405 | — | 249,324 | (2,416,578 | ) | — | 268,151 | 28,754,106 | — | — | 2,929,190 | — | (28,391,280 | ) | — | 3,292,016 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 18,725,219 | — | 1,016,694 | (9,989,749 | ) | — | 9,752,164 | 213,742,277 | — | — | 11,583,298 | — | (114,935,447 | ) | — | 110,390,128 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 14,003,879 | — | 1,101,842 | (11,781,300 | ) | — | 3,324,421 | 165,827,791 | — | — | 12,984,986 | — | (138,649,671 | ) | — | 40,163,106 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 90,861 | — | 2 | (72,446 | ) | — | 18,417 | 1,028,758 | — | — | 18 | — | (820,347 | ) | — | 208,429 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 174,442 | — | — | (125,060 | ) | — | 49,382 | 2,039,436 | — | — | — | — | (1,455,707 | ) | — | 583,729 | |||||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 22,510 | — | 74 | — | — | 22,584 | 259,762 | — | — | 855 | — | — | — | 260,617 | |||||||||||||||||||||||||||||||||||||||||||||
08-05-11- 10-31-11 | 249 | — | — | — | — | 249 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 909,251 | — | 95,151 | (451,110 | ) | — | 553,292 | 10,291,199 | — | — | 1,066,283 | — | (5,077,501 | ) | — | 6,279,981 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,541,709 | — | 77,641 | (889,160 | ) | — | 730,190 | 18,139,074 | — | — | 901,653 | — | (10,356,411 | ) | — | 8,684,316 | |||||||||||||||||||||||||||||||||||||||||||
Global Equity Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 208,135 | — | 25,408 | (480,731 | ) | — | (247,188 | ) | 2,119,226 | — | — | 263,066 | — | (4,890,182 | ) | — | (2,507,890 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 500,530 | — | 69,470 | (1,359,857 | ) | — | (789,857 | ) | 5,322,885 | — | — | 714,783 | — | (14,359,575 | ) | — | (8,321,907 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7,892 | — | 2,396 | (144,765 | ) | — | (134,477 | ) �� | 80,609 | — | — | 24,732 | — | (1,469,397 | ) | — | (1,364,056 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9,268 | — | 8,456 | (498,877 | ) | — | (481,153 | ) | 96,524 | — | — | 87,101 | — | (5,286,367 | ) | — | (5,102,742 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 85,728 | — | 8,096 | (330,028 | ) | — | (236,204 | ) | 874,098 | — | — | 83,302 | — | (3,361,314 | ) | — | (2,403,914 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 214,192 | — | 24,967 | (832,092 | ) | — | (592,933 | ) | 2,264,204 | — | — | 255,463 | — | (8,619,469 | ) | — | (6,099,802 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 52,909 | — | 1,795 | (90,949 | ) | — | (36,245 | ) | 532,160 | — | — | 18,613 | — | (930,285 | ) | — | (379,512 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 297,406 | — | 11,881 | (1,185,723 | ) | — | (876,436 | ) | 3,207,782 | — | — | 125,874 | — | (13,016,981 | ) | — | (9,683,325 | ) |
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 16) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | $ | ($) | ($) | $ | ($) | $ | ($) | |||||||||||||||||||||||||||||||||||||||||||||
Global Equity Dividend (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 102,172 | — | 463 | (115,631 | ) | — | (12,996 | ) | 1,049,425 | — | — | 4,783 | — | (1,190,085 | ) | — | (135,877 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 182,639 | — | 1,235 | (282,490 | ) | — | (98,616 | ) | 1,915,918 | — | — | 12,673 | — | (2,974,561 | ) | — | (1,045,970 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,890 | — | 1,234 | (30,772 | ) | — | (27,648 | ) | 20,984 | — | — | 13,997 | — | (334,719 | ) | — | (299,738 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 360,187 | — | 11,903 | (3,567,775 | ) | — | (3,195,685 | ) | 4,101,591 | — | — | 135,782 | — | (41,886,837 | ) | — | (37,649,464 | ) | |||||||||||||||||||||||||||||||||||||||||
Global Natural Resources | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 492,200 | — | 14,824 | (897,270 | ) | — | (390,246 | ) | 4,683,139 | 68,377 | — | 130,898 | — | (8,390,346 | ) | — | (3,507,932 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,896,425 | — | 4,458 | (2,102,330 | ) | — | (201,447 | ) | 19,501,873 | — | — | 43,516 | — | (21,032,478 | ) | — | (1,487,089 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 98,889 | — | 415 | (71,366 | ) | — | 27,938 | 898,766 | 3,153 | — | 3,684 | — | (672,405 | ) | — | 233,198 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 346,115 | — | 128 | (157,521 | ) | — | 188,722 | 3,455,433 | — | — | 1,253 | — | (1,568,677 | ) | — | 1,888,009 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 119,767 | — | 179 | (92,585 | ) | — | 27,361 | 1,391,775 | 1,053 | — | 1,998 | — | (1,078,967 | ) | — | 315,859 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 219,268 | — | 23 | (106,544 | ) | — | 112,747 | 2,994,657 | — | — | 286 | — | (1,392,177 | ) | — | 1,602,766 | |||||||||||||||||||||||||||||||||||||||||||
Global Opportunities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 106,128 | — | — | (484,612 | ) | — | (378,484 | ) | 1,424,833 | — | — | — | — | (6,457,029 | ) | — | (5,032,196 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 394,079 | — | 74,951 | (2,099,213 | ) | — | (1,630,183 | ) | 5,729,924 | — | — | 1,058,855 | — | (29,965,774 | ) | — | (23,176,995 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | (119,154 | ) | — | (119,154 | ) | — | — | — | — | — | (1,529,118 | ) | — | (1,529,118 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,629 | — | 6,844 | (305,512 | ) | — | (297,039 | ) | 22,273 | — | — | 92,973 | — | (4,201,481 | ) | — | (4,086,235 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 26,733 | — | — | (403,513 | ) | — | (376,780 | ) | 330,249 | — | — | — | — | (5,115,532 | ) | — | (4,785,283 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 44,579 | — | 36,650 | (1,688,401 | ) | — | (1,607,172 | ) | 615,566 | — | — | 497,929 | — | (23,236,007 | ) | — | (22,122,512 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 36,068 | — | — | (102,432 | ) | — | (66,364 | ) | 466,887 | — | — | — | — | (1,410,022 | ) | — | (943,135 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 149,528 | — | 7,802 | (510,535 | ) | — | (353,205 | ) | 2,265,528 | — | — | 112,177 | — | (7,480,912 | ) | — | (5,103,207 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | (1,097 | ) | — | (1,097 | ) | — | — | — | — | — | (14,893 | ) | — | (14,893 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 616 | — | 278 | (91,171 | ) | — | (90,277 | ) | 10,091 | — | — | 4,305 | — | (1,438,902 | ) | — | (1,424,506 | ) | |||||||||||||||||||||||||||||||||||||||||
Global Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 25,322,281 | — | 668,494 | (26,147,754 | ) | — | (156,979 | ) | 396,038,060 | — | — | 10,590,722 | — | (402,138,119 | ) | — | 4,490,663 | ||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 35,678,698 | — | 2,539,908 | (33,801,169 | ) | — | 4,417,437 | 583,010,229 | — | — | 40,568,806 | — | (539,329,675 | ) | — | 84,249,360 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8,280 | — | 6,900 | (157,768 | ) | — | (142,588 | ) | 109,665 | — | — | 90,207 | — | (2,070,850 | ) | — | (1,870,978 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 15,686 | — | 40,781 | (428,772 | ) | — | (372,305 | ) | 211,758 | — | — | 543,851 | — | (5,856,328 | ) | — | (5,100,719 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 842,251 | — | 77,204 | (1,808,617 | ) | — | (889,162 | ) | 11,815,989 | — | — | 1,073,316 | — | (25,063,313 | ) | — | (12,174,008 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 3,871,056 | — | 368,665 | (3,233,525 | ) | — | 1,006,196 | 55,991,916 | — | — | 5,190,100 | — | (46,083,893 | ) | — | 15,098,123 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 34,793,198 | — | 1,214,269 | (17,194,900 | ) | — | 18,812,567 | 544,239,216 | — | — | 19,323,551 | — | (273,798,563 | ) | — | 289,764,204 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 55,667,213 | — | 3,313,362 | (26,245,082 | ) | — | 32,735,493 | 909,749,138 | — | — | 52,673,272 | — | (416,986,757 | ) | — | 545,435,653 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 58,642 | — | 368 | (78,723 | ) | — | (19,713 | ) | 927,906 | — | — | 5,837 | — | (1,262,768 | ) | — | (329,025 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 115,732 | — | 1,039 | (172,483 | ) | — | (55,712 | ) | 1,892,052 | — | — | 16,607 | — | (2,819,602 | ) | — | (910,943 | ) | |||||||||||||||||||||||||||||||||||||||||
Class R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11,433 | — | 37 | (218 | ) | — | 11,252 | 187,143 | — | — | 622 | — | (3,581 | ) | — | 184,184 | |||||||||||||||||||||||||||||||||||||||||||
08-05-11- 10-31-11 | 193 | — | — | — | — | 193 | 2,998 | — | — | — | — | — | — | 2,998 | |||||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 3,320,384 | — | 171,737 | (4,088,330 | ) | — | (596,209 | ) | 53,195,785 | — | — | 2,732,001 | — | (64,241,412 | ) | — | (8,313,626 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 9,234,130 | — | 684,225 | (7,206,362 | ) | — | 2,711,993 | 151,468,423 | — | — | 10,943,660 | — | (117,273,273 | ) | — | 45,138,810 | |||||||||||||||||||||||||||||||||||||||||||
Global Value Choice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 439,342 | — | 716,447 | (3,380,295 | ) | — | (2,224,506 | ) | 12,531,140 | 137,703 | — | 19,236,583 | — | (94,903,752 | ) | — | (62,998,326 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 4,265,625 | — | 79,834 | (3,420,485 | ) | — | 924,974 | 144,603,799 | — | — | 2,641,663 | — | (114,217,071 | ) | — | 33,028,391 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,255 | — | 14,887 | (31,225 | ) | — | (15,083 | ) | 36,498 | 3,331 | — | 432,452 | — | (969,501 | ) | — | (497,220 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 13,043 | — | 1,069 | (69,196 | ) | — | (55,084 | ) | 471,719 | — | — | 37,866 | — | (2,483,644 | ) | — | (1,974,059 | ) |
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 16) | 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 C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 230,657 | — | 300,547 | (1,527,737 | ) | — | (996,533 | ) | 5,935,428 | 79,799 | — | 7,576,794 | — | (39,908,254 | ) | — | (26,316,233 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,679,621 | — | 21,518 | (705,689 | ) | — | 995,450 | 53,663,379 | — | — | 673,274 | — | (22,048,879 | ) | — | 32,287,774 | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 989,162 | — | 258,210 | (6,266,955 | ) | — | (5,019,583 | ) | 27,546,687 | 129,275 | — | 6,989,761 | — | (184,887,604 | ) | — | (150,221,881 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 4,607,087 | — | 13,983 | (1,953,720 | ) | — | 2,667,350 | 157,033,879 | — | — | 466,333 | — | (65,663,284 | ) | — | 91,836,928 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 55,459 | — | 93,751 | (291,590 | ) | — | (142,380 | ) | 1,610,203 | 14,824 | — | 2,535,022 | — | (8,240,493 | ) | — | (4,080,444 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 981,538 | — | 17,025 | (1,153,978 | ) | — | (155,415 | ) | 33,546,538 | — | — | 566,930 | — | (39,295,079 | ) | — | (5,181,611 | ) | |||||||||||||||||||||||||||||||||||||||||
Greater China | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 126,740 | — | — | (298,600 | ) | — | (171,860 | ) | 1,878,557 | — | — | — | — | (4,199,746 | ) | — | (2,321,189 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 313,197 | — | 18,389 | (652,246 | ) | — | (320,660 | ) | 5,042,890 | — | — | 301,511 | — | (10,568,981 | ) | — | (5,224,580 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15 | — | — | (7,490 | ) | — | (7,475 | ) | 200 | — | — | — | — | (106,586 | ) | — | (106,386 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 3,916 | — | 588 | (49,224 | ) | — | (44,720 | ) | 58,950 | — | — | 9,565 | — | (777,885 | ) | — | (709,370 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 7,007 | — | — | (76,323 | ) | — | (69,316 | ) | 96,383 | — | — | — | — | (1,073,672 | ) | — | (977,289 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 51,777 | — | 1,543 | (110,619 | ) | — | (57,299 | ) | 847,711 | — | — | 25,099 | — | (1,734,536 | ) | — | (861,726 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 64,868 | — | — | (27,101 | ) | — | 37,767 | 864,167 | — | — | — | — | (394,459 | ) | — | 469,708 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 52,454 | — | 1,104 | (52,883 | ) | — | 675 | 873,097 | — | — | 18,083 | — | (857,921 | ) | — | 33,259 | |||||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 49,687 | — | — | (68,182 | ) | — | (18,495 | ) | 712,409 | — | — | — | — | (976,371 | ) | — | (263,962 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 174,314 | — | 1 | (123,202 | ) | — | 51,113 | 2,808,070 | — | — | 17 | — | (1,928,462 | ) | — | 879,625 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
08-05-11- 10-31-11 | 193 | — | — | — | — | 193 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
Index Plus International Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 37,712 | — | 23,845 | (64,765 | ) | — | (3,208 | ) | 291,261 | — | — | 166,913 | — | (495,988 | ) | — | (37,814 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 104,858 | — | 13,812 | (249,258 | ) | — | (130,588 | ) | 900,553 | — | — | 115,330 | — | (2,118,993 | ) | — | (1,103,110 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,213 | — | 544 | (10,707 | ) | — | (8,950 | ) | 9,491 | — | — | 3,863 | — | (84,840 | ) | — | (71,486 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 13 | — | 278 | (42,996 | ) | — | (42,705 | ) | 112 | — | — | 2,340 | — | (377,578 | ) | — | (375,126 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 19,163 | — | 1,589 | (7,279 | ) | — | 13,473 | 149,492 | — | — | 11,133 | — | (55,564 | ) | — | 105,061 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 6,716 | — | 529 | (29,920 | ) | — | (22,675 | ) | 56,268 | — | — | 4,422 | — | (250,290 | ) | — | (189,600 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 618,563 | — | 196,582 | (1,600,677 | ) | — | (785,532 | ) | 4,659,889 | — | — | 1,374,111 | — | (12,376,217 | ) | — | (6,342,217 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 5,759,325 | — | 161,820 | (9,597,420 | ) | — | (3,676,275 | ) | 47,802,176 | — | — | 1,352,813 | — | (83,821,515 | ) | — | (34,666,526 | ) | |||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 253,211 | — | 5,898 | (424,925 | ) | — | (165,816 | ) | 1,865,885 | — | — | 40,929 | — | (3,208,919 | ) | — | (1,302,105 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 366,085 | — | 3,588 | (856,544 | ) | — | (486,871 | ) | 3,074,094 | — | — | 29,742 | — | (7,220,670 | ) | — | (4,116,834 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
08-05-11- 10-31-11 | 378 | — | — | — | — | 378 | 3,000 | — | — | — | — | — | — | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
International Core | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 5,128,278 | — | 393,151 | (8,573,754 | ) | — | (3,052,325 | ) | 45,842,415 | — | — | 3,175,306 | — | (78,265,978 | ) | — | (29,248,257 | ) | |||||||||||||||||||||||||||||||||||||||||
02-08-11- 10-31-11 | 45,815,728 | — | — | (6,242,980 | ) | — | 39,572,748 | 448,417,065 | — | — | — | — | (59,613,945 | ) | — | 388,803,120 | |||||||||||||||||||||||||||||||||||||||||||
International Growth | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,564,667 | — | 363,928 | (3,316,487 | ) | — | (1,387,892 | ) | 14,484,563 | — | — | 3,049,712 | — | (31,522,616 | ) | — | (13,988,341 | ) | |||||||||||||||||||||||||||||||||||||||||
01-06-11- 10-31-11 | 19,924,126 | — | — | (3,769,437 | ) | — | 16,154,689 | 199,737,196 | — | — | — | — | (38,310,028 | ) | — | 161,427,168 |
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 16) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | $ | ($) | ($) | $ | ($) | $ | ($) | |||||||||||||||||||||||||||||||||||||||||||||
International Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 625,371 | — | 56,185 | (3,243,090 | ) | — | (2,561,534 | ) | 4,760,115 | — | — | 419,923 | — | (24,124,511 | ) | — | (18,944,473 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 7,227,357 | — | 1,171,944 | (11,322,447 | ) | — | (2,923,146 | ) | 62,494,032 | — | — | 10,119,648 | — | (96,244,789 | ) | — | (23,631,109 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 2,349 | — | 977 | (59,086 | ) | — | (55,760 | ) | 17,611 | — | — | 7,230 | — | (452,147 | ) | — | (427,306 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 3,697 | — | 9,939 | (87,778 | ) | — | (74,142 | ) | 31,996 | — | — | 85,732 | — | (742,635 | ) | — | (624,907 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 57,257 | — | 8,346 | (456,305 | ) | — | (390,702 | ) | 437,642 | — | — | 61,658 | — | (3,464,800 | ) | — | (2,965,500 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 304,400 | — | 80,431 | (855,106 | ) | — | (470,275 | ) | 2,651,330 | — | — | 693,114 | — | (7,322,661 | ) | — | (3,978,217 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 8,321,266 | — | 77,519 | (8,091,087 | ) | — | 307,698 | 62,273,393 | — | — | 584,979 | — | (61,708,020 | ) | — | 1,150,352 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 7,030,985 | — | 329,211 | (16,139,496 | ) | — | (8,779,300 | ) | 60,667,094 | — | — | 2,824,850 | — | (138,463,131 | ) | — | (74,971,187 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 939,138 | — | 4,648 | (942,261 | ) | — | 1,525 | 7,134,847 | — | — | 35,069 | — | (6,960,750 | ) | — | 209,166 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,339,658 | — | 25,637 | (640,252 | ) | — | 725,043 | 11,650,245 | — | — | 220,522 | — | (5,378,733 | ) | — | 6,492,034 | |||||||||||||||||||||||||||||||||||||||||||
International Small Cap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 162,691 | — | 40,026 | (511,159 | ) | — | (308,442 | ) | 5,889,780 | 270,209 | — | 1,274,839 | — | (18,036,639 | ) | — | (10,601,811 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 622,313 | — | 11,418 | (1,662,144 | ) | — | (1,028,413 | ) | 24,861,014 | 43,448 | — | 445,420 | — | (65,716,954 | ) | — | (40,367,072 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 15 | — | 282 | (14,341 | ) | — | (14,044 | ) | 498 | 6,794 | — | 9,527 | — | (539,491 | ) | — | (522,672 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 148 | — | 1 | (59,948 | ) | — | (59,799 | ) | 6,278 | 1,163 | — | 49 | — | (2,536,178 | ) | — | (2,528,688 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11,621 | — | 6,506 | (74,512 | ) | — | (56,385 | ) | 388,801 | 64,016 | — | 193,956 | — | (2,470,326 | ) | — | (1,823,553 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 15,965 | — | 15 | (191,906 | ) | — | (175,926 | ) | 598,166 | 10,010 | — | 477 | — | (7,103,227 | ) | — | (6,494,574 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 147,782 | — | 42,183 | (1,647,325 | ) | — | (1,457,360 | ) | 5,085,397 | 402,186 | — | 1,340,151 | — | (55,574,112 | ) | — | (48,746,378 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,087,598 | — | 21,402 | (2,380,895 | ) | — | (1,271,895 | ) | 43,168,247 | 70,572 | — | 834,463 | — | (90,223,469 | ) | — | (46,150,187 | ) | |||||||||||||||||||||||||||||||||||||||||
Class O | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 11,067 | — | — | (6,611 | ) | — | 4,456 | 396,763 | 3,932 | — | — | — | (232,003 | ) | — | 168,692 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 23,889 | — | — | (14,538 | ) | — | 9,351 | 947,636 | 597 | — | — | — | (569,560 | ) | — | 378,673 | |||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 152,256 | — | 11,768 | (48,712 | ) | — | 115,312 | 5,911,278 | 74,847 | — | 444,615 | — | (2,080,313 | ) | — | 4,350,427 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 223,881 | — | 5,091 | (543,204 | ) | — | (314,232 | ) | 10,339,982 | 10,572 | — | 235,018 | — | (26,455,767 | ) | — | (15,870,195 | ) | |||||||||||||||||||||||||||||||||||||||||
International Value Choice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 297,597 | — | 61,290 | (434,966 | ) | — | (76,079 | ) | 2,830,125 | — | — | 549,768 | — | (4,098,956 | ) | — | (719,063 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 700,913 | — | 16,673 | (710,198 | ) | — | 7,388 | 7,732,588 | — | — | 183,909 | — | (7,787,412 | ) | — | 129,085 | |||||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 143 | — | 642 | (3,880 | ) | — | (3,095 | ) | 1,279 | — | — | 5,729 | — | (37,136 | ) | — | (30,128 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 2,967 | — | — | (62,387 | ) | — | (59,420 | ) | 32,117 | — | — | — | — | (676,895 | ) | — | (644,778 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | �� | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 24,801 | — | 6,462 | (64,355 | ) | — | (33,092 | ) | 231,358 | — | — | 57,515 | — | (609,506 | ) | — | (320,633 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 102,250 | — | 874 | (137,507 | ) | — | (34,383 | ) | 1,109,821 | — | — | 9,548 | — | (1,454,328 | ) | — | (334,959 | ) | |||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 135,697 | — | 6,943 | (244,545 | ) | — | (101,905 | ) | 1,254,999 | — | — | 62,143 | — | (2,263,692 | ) | — | (946,550 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,211,619 | — | 14,302 | (2,458,363 | ) | — | (1,232,442 | ) | 13,488,923 | — | — | 157,468 | — | (25,305,252 | ) | — | (11,658,861 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 229,519 | — | 221 | (19,669 | ) | — | 210,071 | 2,168,749 | — | — | 1,980 | — | (182,330 | ) | — | 1,988,399 | |||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 6,762 | — | 47 | (3,616 | ) | — | 3,193 | 75,798 | — | — | 516 | — | (40,182 | ) | — | 36,132 | |||||||||||||||||||||||||||||||||||||||||||
International Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,102,615 | — | 624,186 | (8,035,697 | ) | — | (6,308,896 | ) | �� | 11,144,399 | 370,454 | — | 5,904,795 | — | (81,782,530 | ) | — | (64,362,882 | ) | ||||||||||||||||||||||||||||||||||||||||
10-31-11 | 2,713,615 | — | 687,338 | (21,092,834 | ) | — | (17,691,881 | ) | 31,514,665 | 48,376 | — | 7,909,938 | — | (245,656,346 | ) | — | (206,183,367 | ) | |||||||||||||||||||||||||||||||||||||||||
Class B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 3,308 | — | 1,473 | (48,860 | ) | — | (44,079 | ) | 33,148 | 1,679 | — | 14,127 | — | (511,196 | ) | — | (462,242 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 953 | — | 5 | (134,706 | ) | — | (133,748 | ) | 15,458 | 233 | — | 57 | — | (1,596,187 | ) | — | (1,580,439 | ) | |||||||||||||||||||||||||||||||||||||||||
Class C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 76,811 | — | 203,326 | (1,953,700 | ) | — | (1,673,563 | ) | 720,115 | 166,718 | — | 1,872,630 | — | (19,315,366 | ) | — | (16,555,903 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 125,441 | — | 190,553 | (5,369,143 | ) | — | (5,053,149 | ) | 1,422,732 | 21,392 | — | 2,131,679 | — | (60,913,970 | ) | — | (57,338,167 | ) |
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 16) | Proceeds from shares issued in merger | Reinvestment of distributions | Redemption fee proceeds | Shares redeemed | Shares converted | Net increase (decrease) | |||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
period ended | # | # | # | # | # | # | ($) | $ | ($) | ($) | $ | ($) | $ | ($) | |||||||||||||||||||||||||||||||||||||||||||||
International Value (continued) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 1,364,559 | — | 716,678 | (5,507,937 | ) | — | (3,426,700 | ) | 13,965,256 | 321,337 | — | 6,736,772 | — | (55,454,535 | ) | — | (34,431,170 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 10,647,783 | — | 658,850 | (25,034,873 | ) | — | (13,728,240 | ) | 125,628,816 | 45,553 | — | 7,549,252 | — | (291,421,213 | ) | — | (158,197,592 | ) | |||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | — | — | 413 | (14,784 | ) | — | (14,371 | ) | — | 403 | — | 3,889 | — | (149,852 | ) | — | (145,560 | ) | |||||||||||||||||||||||||||||||||||||||||
10-31-11 | 11,107 | — | 46,331 | (2,099,066 | ) | — | (2,041,628 | ) | 128,517 | 70 | — | 530,953 | — | (24,170,447 | ) | — | (23,510,907 | ) | |||||||||||||||||||||||||||||||||||||||||
Russia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 299,174 | — | — | (1,294,379 | ) | — | (995,205 | ) | 9,946,253 | — | — | — | (31,559 | ) | (42,191,321 | ) | — | (32,213,509 | ) | ||||||||||||||||||||||||||||||||||||||||
10-31-11 | 1,257,704 | — | — | (3,228,676 | ) | — | (1,970,972 | ) | 51,432,518 | — | — | — | (180,692 | ) | (124,889,133 | ) | — | (73,275,923 | ) | ||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 198,593 | — | — | (116,463 | ) | — | 82,130 | 6,650,140 | — | — | — | (10,838 | ) | (3,979,819 | ) | — | 2,681,159 | ||||||||||||||||||||||||||||||||||||||||||
10-31-11 | 263,755 | — | — | (174,657 | ) | — | 89,098 | 10,631,704 | — | — | — | (37,248 | ) | (6,576,891 | ) | — | 4,092,061 | ||||||||||||||||||||||||||||||||||||||||||
Class W | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
04-30-12 | 129 | — | — | — | — | 129 | 4,250 | — | — | — | — | — | — | 4,250 | |||||||||||||||||||||||||||||||||||||||||||||
08-05-11- 10-31-11(1) | 76 | — | — | — | — | 76 | 3,001 | — | — | — | — | — | — | 3,001 |
Fund | Value of Securities Loaned | Cash Collateral Received | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Emerging Countries | $ | 1,999,361 | $ | 2,063,440 | ||||||
Emerging Markets Equity | 3,359,384 | 3,473,684 | ||||||||
Global Equity Dividend | 1,089,165 | 1,132,312 | ||||||||
Global Opportunities | 1,536,024 | 1,602,110 | ||||||||
Global Real Estate | 22,936,563 | 24,619,816 | ||||||||
Global Value Choice | 7,032,505 | 7,336,000 | ||||||||
International Growth | 2,640,845 | 2,772,080 | ||||||||
International Small Cap | 683,603 | 741,188 | ||||||||
International Value | 1,107,006 | 1,163,203 | ||||||||
Russia | 3,421,824 | 3,579,863 |
Six Months Ended April 30, 2012 | Year Ended October 31, 2011 | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Ordinary Income | Long-term Capital Gains | Return of Capital | Ordinary Income | Return of Capital | |||||||||||||||||||
Diversified International | $ | 1,060,003 | $ | — | $ | — | $ | 1,061,111 | $ | 191,335 | |||||||||||||
Emerging Countries | — | — | — | 113,431 | — | ||||||||||||||||||
Emerging Markets Equity | 196,323 | 240,369 | — | — | — | ||||||||||||||||||
Global Bond | 22,796,982 | 6,777,748 | — | 32,360,506 | — | ||||||||||||||||||
Global Equity Dividend | 678,319 | — | — | 2,094,033 | — | ||||||||||||||||||
Global Natural Resources | 158,734 | — | — | 53,412 | — | ||||||||||||||||||
Global Opportunities | — | — | — | 2,210,341 | — | ||||||||||||||||||
Global Real Estate(1) | 13,883,216 | — | 6,244,733 | 42,768,770 | 44,855,276 | ||||||||||||||||||
Global Value Choice | 32,519,187 | 29,043,044 | — | 8,011,477 | — | ||||||||||||||||||
Greater China | — | — | — | 456,558 | — | ||||||||||||||||||
Index Plus International Equity | 2,495,861 | — | — | 2,092,268 | — | ||||||||||||||||||
International Core | 3,175,306 | — | — | — | — | ||||||||||||||||||
International Growth | 3,049,712 | — | — | — | — | ||||||||||||||||||
International Real Estate | 4,788,534 | — | — | 33,254,520 | — | ||||||||||||||||||
International Small Cap | 5,339,421 | — | — | 2,615,060 | — | ||||||||||||||||||
International Value Choice | 774,426 | — | — | 391,851 | — | ||||||||||||||||||
International Value | 18,093,661 | — | — | 23,226,893 | — |
(1) | Composition of dividends and distributions presented herein is based on the Fund’s current tax period (four months ended April 30, 2012) and tax year ended December 31, 2011. Composition of current period amounts may change after the Fund’s tax year-end of December 31, 2012. |
Undistributed Ordinary Income | Undistributed Long-Term Capital Gains | Unrealized Appreciation/ (Depreciation) | Capital Loss Carryforwards | Expiration | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Diversified International | $ | — | $ | — | $ | (6,674,750 | ) | $ | (28,060,058 | ) | 2016 | |||||||||||
(93,445,922 | ) | 2017 | ||||||||||||||||||||
(33,117,873 | ) | 2018 | ||||||||||||||||||||
(824,702 | ) | 2019 | ||||||||||||||||||||
$ | (155,448,555 | ) | ||||||||||||||||||||
Emerging Countries | — | — | 8,140,668 | (34,410,065 | ) | 2016 | ||||||||||||||||
(41,200,730 | ) | 2017 | ||||||||||||||||||||
$ | (75,610,795 | ) | ||||||||||||||||||||
Emerging Markets Equity | 170,335 | 238,655 | 5,920,296 | — | — | |||||||||||||||||
Global Bond | 8,144,042 | 6,774,863 | (6,088,537 | ) | — | — | ||||||||||||||||
Global Equity Dividend | 145,373 | — | (2,471,040 | ) | (11,027,596 | ) | 2016 | |||||||||||||||
(71,676,150 | ) | 2017 | ||||||||||||||||||||
$ | (82,703,746 | ) | ||||||||||||||||||||
Global Natural Resources | — | — | 12,800,832 | (14,439,138 | ) | 2017 | ||||||||||||||||
Global Opportunities | — | — | 3,787,774 | (32,434,268 | ) | 2016 | ||||||||||||||||
(80,200,325 | ) | 2017 | ||||||||||||||||||||
$ | (112,634,593 | ) | ||||||||||||||||||||
Global Real Estate(1)(2) | — | — | 173,819,626 | (164,232,218 | ) | 2016 | ||||||||||||||||
(414,424,595 | ) | 2017 | ||||||||||||||||||||
(79,668,453 | ) | 2018 | ||||||||||||||||||||
(33,295,670 | )(3) | N/A | ||||||||||||||||||||
$ | (691,620,936 | ) |
Undistributed Ordinary Income | Undistributed Long-Term Capital Gains | Unrealized Appreciation/ (Depreciation) | Capital Loss Carryforwards | Expiration | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Value Choice | $ | 31,929,361 | $ | 29,040,761 | $ | (22,000,980 | ) | $ | — | $ | — | |||||||||||
Greater China | — | — | 1,020,998 | (116,039 | ) | 2017 | ||||||||||||||||
Index Plus International Equity | 2,232,942 | — | 1,903,233 | (27,339,841 | ) | 2016 | ||||||||||||||||
(46,742,747 | ) | 2017 | ||||||||||||||||||||
$ | (74,082,588 | ) | ||||||||||||||||||||
International Core | 2,806,773 | — | (25,065,340 | ) | (16,908,766 | ) | 2019 | |||||||||||||||
International Growth | 3,010,653 | — | (14,187,336 | ) | — | — | ||||||||||||||||
International Real Estate | 1,028,620 | — | (13,011,772 | ) | (26,312 | ) | 2014 | |||||||||||||||
(2,556,095 | ) | 2015 | ||||||||||||||||||||
(67,952,089 | ) | 2016 | ||||||||||||||||||||
(159,911,905 | ) | 2017 | ||||||||||||||||||||
(43,046,092 | ) | 2018 | ||||||||||||||||||||
(4,399,061 | ) | 2019 | ||||||||||||||||||||
$ | (277,891,554 | ) | ||||||||||||||||||||
International Small Cap | 4,065,962 | — | 1,483,935 | (77,906,736 | ) | 2016 | ||||||||||||||||
(202,973,948 | ) | 2017 | ||||||||||||||||||||
$ | (280,880,684 | ) | ||||||||||||||||||||
International Value Choice | 725,910 | — | (2,450,294 | ) | (14,545,893 | ) | 2017 | |||||||||||||||
(362,042 | ) | 2019 | ||||||||||||||||||||
$ | (14,907,935 | ) | ||||||||||||||||||||
International Value | 16,474,089 | — | (96,572,670 | ) | (810,539,013 | ) | 2017 | |||||||||||||||
(70,133,094 | ) | 2018 | ||||||||||||||||||||
(8,757,263 | ) | 2019 | ||||||||||||||||||||
$ | (889,429,370 | ) | ||||||||||||||||||||
Russia | — | — | 60,506,771 | (66,111,223 | ) | 2017 | ||||||||||||||||
(21,810,157 | ) | 2018 | ||||||||||||||||||||
$ | (87,921,380 | ) | �� |
(1) | As of the Fund’s tax year ended December 31, 2011. |
(2) | The Fund also had post-October capital losses deferred of $2,950,661 and late year ordinary losses deferred of $14,507,115. |
(3) | $(31,975,045) is short-term and $(1,320,625) is long-term. |
Emerging Countries | $ | 92,742 | ||||
Global Natural Resources | 72,583 | |||||
Global Value Choice | 364,932 | |||||
International Small Cap | 821,984 | |||||
International Value | 860,591 |
Global Value Choice | $ | 389,524 | ||||
Index Plus International Equity | 14,363 | |||||
International Capital Appreciation | 17,464 | |||||
International SmallCap | 1,034,530 | |||||
International Value | 2,544,969 |
International SmallCap | $ | 136,362 | ||||
International Value | 115,624 |
Per Share Amount | Payable Date | Record Date | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Bond | ||||||||||||||
Class A | $ | 0.0417 | May 2, 2012 | April 30, 2012 | ||||||||||
Class B | $ | 0.0348 | May 2, 2012 | April 30, 2012 | ||||||||||
Class C | $ | 0.0346 | May 2, 2012 | April 30, 2012 | ||||||||||
Class I | $ | 0.0446 | May 2, 2012 | April 30, 2012 | ||||||||||
Class O | $ | 0.0417 | May 2, 2012 | April 30, 2012 | ||||||||||
Class R | $ | 0.0393 | May 2, 2012 | April 30, 2012 | ||||||||||
Class W | $ | 0.0441 | May 2, 2012 | April 30, 2012 | ||||||||||
Class A | $ | 0.0417 | June 4, 2012 | May 31, 2012 | ||||||||||
Class B | $ | 0.0347 | June 4, 2012 | May 31, 2012 | ||||||||||
Class C | $ | 0.0346 | June 4, 2012 | May 31, 2012 | ||||||||||
Class I | $ | 0.0447 | June 4, 2012 | May 31, 2012 | ||||||||||
Class O | $ | 0.0418 | June 4, 2012 | May 31, 2012 | ||||||||||
Class R | $ | 0.0394 | June 4, 2012 | May 31, 2012 | ||||||||||
Class W | $ | 0.0442 | June 4, 2012 | May 31, 2012 |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXCHANGE-TRADED FUNDS: 4.5% | |||||||||||||||||||
111,400 | iShares MSCI EAFE Value Index | $ | 5,063,130 | 4.5 | |||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $5,266,707) | 5,063,130 | 4.5 | |||||||||||||||||
MUTUAL FUNDS: 95.7% | |||||||||||||||||||
Affiliated Investment Companies: 95.7% | |||||||||||||||||||
1,488,695 | ING Emerging Markets Equity Fund — Class I | 16,941,344 | 15.0 | ||||||||||||||||
4,863,662 | ING International Core Fund — Class I | 45,183,422 | 40.1 | ||||||||||||||||
2,325,066 | ING International Growth Fund — Class I | 22,576,390 | 20.1 | ||||||||||||||||
149,896 | ING International SmallCap Fund — Class I | 5,646,578 | 5.0 | ||||||||||||||||
MUTUAL FUNDS: (continued) | |||||||||||||||||||
Affiliated Investment Companies: (continued) | |||||||||||||||||||
1,710,882 | ING International Value Fund — Class I | $ | 17,468,107 | 15.5 | |||||||||||||||
Total Mutual Funds | |||||||||||||||||||
(Cost $103,513,362) | 107,815,841 | 95.7 | |||||||||||||||||
Total Investments in Securities (Cost $108,780,069) | $ | 112,878,971 | 100.2 | ||||||||||||||||
Liabilities in Excess of Other Assets | (231,470 | ) | (0.2 | ) | |||||||||||||||
Net Assets | $ | 112,647,501 | 100.0 |
Cost for federal income tax purposes is $110,204,694. | |||||||
Net unrealized appreciation consists of: | |||||||
Gross Unrealized Appreciation | $ | 5,077,012 | |||||
Gross Unrealized Depreciation | (2,402,735 | ) | |||||
Net Unrealized Appreciation | $ | 2,674,277 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Exchange-Traded Funds | $ | 5,063,130 | $ | — | $ | — | $ | 5,063,130 | ||||||||||
Mutual Funds | 107,815,841 | — | — | 107,815,841 | ||||||||||||||
Total Investments, at value | $ | 112,878,971 | $ | — | $ | — | $ | 112,878,971 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.9% | |||||||||||||||||||
Argentina: 0.3% | |||||||||||||||||||
17,500 | Other Securities | $ | 255,150 | 0.3 | |||||||||||||||
Brazil: 16.4% | |||||||||||||||||||
48,700 | BRF — Brasil Foods SA ADR | 897,541 | 1.1 | ||||||||||||||||
19,200 | Cia de Bebidas das Americas ADR | 806,016 | 1.0 | ||||||||||||||||
6,900 | Cia de Saneamento Basico do Estado de Sao Paulo ADR | 546,204 | 0.7 | ||||||||||||||||
20,500 | Cia Energetica de Minas Gerais ADR | 505,735 | 0.6 | ||||||||||||||||
65,100 | Gerdau SA ADR | 611,289 | 0.7 | ||||||||||||||||
78,700 | Itau Unibanco Holding SA ADR | 1,234,803 | 1.5 | ||||||||||||||||
93,240 | Petroleo Brasileiro SA ADR | 2,163,212 | 2.7 | ||||||||||||||||
30,300 | Telefonica Brasil SA ADR | 862,641 | 1.1 | ||||||||||||||||
17,200 | Tim Participacoes SA ADR | 514,796 | 0.6 | ||||||||||||||||
97,600 | Vale SA ADR | 2,133,660 | 2.6 | ||||||||||||||||
305,880 | Other Securities(a) | 3,057,033 | 3.8 | ||||||||||||||||
13,332,930 | 16.4 | ||||||||||||||||||
China: 15.7% | |||||||||||||||||||
2,210,000 | Bank of China Ltd. | 920,292 | 1.1 | ||||||||||||||||
1,868,000 | China Construction Bank | 1,449,651 | 1.8 | ||||||||||||||||
25,500 | China Mobile Ltd. | 282,120 | 0.4 | ||||||||||||||||
127,500 | @ | China Shenhua Energy Co., Ltd. | 563,047 | 0.7 | |||||||||||||||
29,600 | L | China Unicom Hong Kong Ltd. ADR | 514,448 | 0.6 | |||||||||||||||
418,000 | CNOOC Ltd. | 883,296 | 1.1 | ||||||||||||||||
52,500 | Hengan International Group Co., Ltd. | 554,748 | 0.7 | ||||||||||||||||
2,196,000 | Industrial and Commercial Bank of China Ltd. | 1,459,097 | 1.8 | ||||||||||||||||
2,400 | PetroChina Co., Ltd. ADR | 357,168 | 0.4 | ||||||||||||||||
538,000 | PetroChina Co., Ltd. | 802,533 | 1.0 | ||||||||||||||||
69,000 | Ping An Insurance Group Co. of China Ltd. | 573,132 | 0.7 | ||||||||||||||||
3,237,400 | Other Securities(a) | 4,408,869 | 5.4 | ||||||||||||||||
12,768,401 | 15.7 | ||||||||||||||||||
Hong Kong: 3.6% | |||||||||||||||||||
12,400 | China Mobile Ltd. ADR | 686,216 | 0.8 | ||||||||||||||||
3,000 | CNOOC Ltd. ADR | 634,950 | 0.8 | ||||||||||||||||
1,204,400 | Other Securities | 1,634,831 | 2.0 | ||||||||||||||||
2,955,997 | 3.6 | ||||||||||||||||||
India: 3.3% | |||||||||||||||||||
12,600 | Infosys Technologies Ltd. ADR | 596,610 | 0.7 | ||||||||||||||||
24,238 | # | Reliance Industries Ltd. GDR | 685,546 | 0.9 | |||||||||||||||
22,400 | Tata Motors Ltd. ADR ADR | 666,400 | 0.8 | ||||||||||||||||
21,200 | Other Securities | 723,792 | 0.9 | ||||||||||||||||
2,672,348 | 3.3 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Indonesia: 1.5% | |||||||||||||||||||
175,500 | United Tractors Tbk PT | $ | 562,986 | 0.7 | |||||||||||||||
616,500 | Other Securities | 687,835 | 0.8 | ||||||||||||||||
1,250,821 | 1.5 | ||||||||||||||||||
Israel: 0.5% | |||||||||||||||||||
36,763 | Other Securities | 420,526 | 0.5 | ||||||||||||||||
Kazakhstan: 0.4% | |||||||||||||||||||
15,031 | Other Securities | 299,958 | 0.4 | ||||||||||||||||
Malaysia: 0.9% | |||||||||||||||||||
786,100 | Other Securities | 701,048 | 0.9 | ||||||||||||||||
Mexico: 4.2% | |||||||||||||||||||
143,936 | @ | Cemex SAB de CV ADR | 1,040,657 | 1.3 | |||||||||||||||
38,900 | Grupo Televisa SAB ADR | 854,633 | 1.0 | ||||||||||||||||
348,900 | Other Securities | 1,514,067 | 1.9 | ||||||||||||||||
3,409,357 | 4.2 | ||||||||||||||||||
Netherlands: 0.5% | |||||||||||||||||||
37,400 | Other Securities | 381,106 | 0.5 | ||||||||||||||||
Peru: 0.3% | |||||||||||||||||||
5,100 | Other Securities | 210,477 | 0.3 | ||||||||||||||||
Poland: 0.9% | |||||||||||||||||||
222,643 | Other Securities | 719,420 | 0.9 | ||||||||||||||||
Russia: 7.0% | |||||||||||||||||||
77,300 | Gazprom OAO ADR | 892,042 | 1.1 | ||||||||||||||||
20,056 | Lukoil OAO ADR | 1,230,435 | 1.5 | ||||||||||||||||
118,167 | Sberbank of Russia ADR | 1,530,263 | 1.9 | ||||||||||||||||
13,974 | Tatneft ADR | 518,706 | 0.6 | ||||||||||||||||
115,836 | Other Securities | 1,521,663 | 1.9 | ||||||||||||||||
5,693,109 | 7.0 | ||||||||||||||||||
South Africa: 6.6% | |||||||||||||||||||
21,066 | Exxaro Resources Ltd. | 561,629 | 0.7 | ||||||||||||||||
26,163 | Imperial Holdings Ltd. | 568,888 | 0.7 | ||||||||||||||||
8,800 | Sasol Ltd. ADR | 417,384 | 0.5 | ||||||||||||||||
15,228 | Sasol Ltd. | 724,008 | 0.9 | ||||||||||||||||
37,844 | Standard Bank Group Ltd. | 559,043 | 0.7 | ||||||||||||||||
14,001 | Tiger Brands Ltd. | 513,511 | 0.6 | ||||||||||||||||
141,324 | Other Securities | 2,021,916 | 2.5 | ||||||||||||||||
5,366,379 | 6.6 | ||||||||||||||||||
South Korea: 17.6% | |||||||||||||||||||
4,058 | Hyundai Motor Co. | 957,973 | 1.2 | ||||||||||||||||
18,700 | KB Financial Group, Inc. ADR | 634,491 | 0.8 | ||||||||||||||||
2,891 | KCC Corp. | 739,292 | 0.9 | ||||||||||||||||
7,674 | Kia Motors Corp. | 563,110 | 0.7 | ||||||||||||||||
61,900 | KT Corp. ADR | 795,415 | 1.0 | ||||||||||||||||
2,093 | Samsung Electronics Co., Ltd. | 2,561,751 | 3.1 | ||||||||||||||||
3,570 | Samsung Electronics Co., Ltd. GDR | 2,178,553 | 2.7 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
South Korea: (continued) | |||||||||||||||||||
3,550 | # | Samsung Life Insurance Co. Ltd. | $ | 313,387 | 0.4 | ||||||||||||||
55,000 | SK Telecom Co., Ltd. ADR | 743,600 | 0.9 | ||||||||||||||||
133,911 | Other Securities | 4,804,860 | 5.9 | ||||||||||||||||
14,292,432 | 17.6 | ||||||||||||||||||
Taiwan: 7.1% | |||||||||||||||||||
102,484 | Hon Hai Precision Industry Co., Ltd. GDR | 620,258 | 0.8 | ||||||||||||||||
304,000 | Hon Hai Precision Industry Co., Ltd. | 955,830 | 1.2 | ||||||||||||||||
232,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 685,708 | 0.8 | ||||||||||||||||
86,700 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,350,786 | 1.6 | ||||||||||||||||
2,059,000 | Other Securities | 2,185,601 | 2.7 | ||||||||||||||||
5,798,183 | 7.1 | ||||||||||||||||||
Thailand: 4.3% | |||||||||||||||||||
385,400 | Charoen Pokphand Foods PCL | 509,520 | 0.6 | ||||||||||||||||
98,200 | PTT PCL | 1,119,935 | 1.4 | ||||||||||||||||
984,500 | Other Securities | 1,854,564 | 2.3 | ||||||||||||||||
3,484,019 | 4.3 | ||||||||||||||||||
Turkey: 1.3% | |||||||||||||||||||
219,313 | Other Securities | 1,043,015 | 1.3 | ||||||||||||||||
United Arab Emirates: 0.5% | |||||||||||||||||||
45,268 | Other Securities | 432,343 | 0.5 | ||||||||||||||||
United Kingdom: 0.5% | |||||||||||||||||||
20,600 | Other Securities | 397,168 | 0.5 | ||||||||||||||||
United States: 5.5% | |||||||||||||||||||
29,300 | Archer-Daniels-Midland Co. | 903,319 | 1.1 | ||||||||||||||||
111,700 | Avon Products, Inc. | 2,412,720 | 3.0 | ||||||||||||||||
47,300 | @ | Yahoo!, Inc. | 735,042 | 0.9 | |||||||||||||||
6,700 | Other Securities | 432,150 | 0.5 | ||||||||||||||||
4,483,231 | 5.5 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $77,703,034) | 80,367,418 | 98.9 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 0.4% | |||||||||||||||||||
47,800 | Other Securities | 281,064 | 0.4 | ||||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $277,752) | 281,064 | 0.4 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $77,980,786) | 80,648,482 | 99.3 |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 2.5% | |||||||||||||||||||
Securities Lending Collateralcc(1): 2.5% | |||||||||||||||||||
1,000,000 | Cantor Fitzgerald, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–7.125%, Market Value plus accrued interest $1,020,000, due 05/01/51–09/01/49) | $ | 1,000,000 | 1.2 | |||||||||||||||
1,000,000 | Daiwa Capital Markets, Repurchase Agreement dated 04/30/12, 0.24%, due 05/01/12 (Repurchase Amount $1,000,007, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–8.875%, Market Value plus accrued interest $1,020,000, due 05/17/12–08/01/47) | 1,000,000 | 1.2 | ||||||||||||||||
63,440 | Mizuho Securities USA Inc., Repurchase Agreement dated 04/30/12, 0.23%, due 05/01/12 (Repurchase Amount $63,440, collateralized by various U.S. Government Agency Obligations, 0.000%–7.500%, Market Value plus accrued interest $64,709, due 02/01/26–02/25/44) | 63,440 | 0.1 | ||||||||||||||||
2,063,440 | 2.5 | ||||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $2,063,440) | 2,063,440 | 2.5 | |||||||||||||||||
Total Investments in Securities (Cost $80,044,226) | $ | 82,711,922 | 101.8 | ||||||||||||||||
Liabilities in Excess of Other Assets | (1,481,782 | ) | (1.8 | ) | |||||||||||||||
Net Assets | $ | 81,230,140 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $81,768,023. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 7,899,716 | ||||
Gross Unrealized Depreciation | (6,955,817 | ) | ||||
Net Unrealized Appreciation | $ | 943,899 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 8.0 | % | ||||
Consumer Staples | 13.5 | |||||
Energy | 16.4 | |||||
Exchange-Traded Funds | 0.4 | |||||
Financials | 16.4 | |||||
Industrials | 4.7 | |||||
Information Technology | 17.1 | |||||
Materials | 12.5 | |||||
Telecommunications | 8.7 | |||||
Utilities | 1.6 | |||||
Short-Term Investments | 2.5 | |||||
Liabilities in Excess of Other Assets | (1.8 | ) | ||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Argentina | $ | 255,150 | $ | — | $ | — | $ | 255,150 | ||||||||||
Brazil | 12,098,127 | 1,234,803 | — | 13,332,930 | ||||||||||||||
China | 2,228,788 | 10,539,613 | — | 12,768,401 | ||||||||||||||
Hong Kong | 1,738,226 | 1,217,771 | — | 2,955,997 | ||||||||||||||
India | 1,986,802 | 685,546 | — | 2,672,348 | ||||||||||||||
Indonesia | — | 1,250,821 | — | 1,250,821 | ||||||||||||||
Israel | — | 420,526 | — | 420,526 | ||||||||||||||
Kazakhstan | — | 299,958 | — | 299,958 | ||||||||||||||
Malaysia | — | 701,048 | — | 701,048 | ||||||||||||||
Mexico | 3,409,357 | — | — | 3,409,357 | ||||||||||||||
Netherlands | 381,106 | — | — | 381,106 | ||||||||||||||
Peru | 210,477 | — | — | 210,477 | ||||||||||||||
Poland | — | 719,420 | — | 719,420 | ||||||||||||||
Russia | 4,041,984 | 1,651,125 | — | 5,693,109 | ||||||||||||||
South Africa | 417,384 | 4,948,995 | — | 5,366,379 | ||||||||||||||
South Korea | 2,664,261 | 11,628,171 | — | 14,292,432 | ||||||||||||||
Taiwan | 1,350,786 | 4,447,397 | — | 5,798,183 | ||||||||||||||
Thailand | — | 3,484,019 | — | 3,484,019 | ||||||||||||||
Turkey | 325,068 | 717,947 | — | 1,043,015 | ||||||||||||||
United Arab Emirates | — | 432,343 | — | 432,343 | ||||||||||||||
United Kingdom | — | 397,168 | — | 397,168 | ||||||||||||||
United States | 4,483,231 | — | — | 4,483,231 | ||||||||||||||
Total Common Stock | 35,590,747 | 44,776,671 | — | 80,367,418 | ||||||||||||||
Exchange-Traded Funds | 281,064 | — | — | 281,064 | ||||||||||||||
Short-Term Investments | — | 2,063,440 | — | 2,063,440 | ||||||||||||||
Total Investments, at value | $ | 35,871,811 | $ | 46,840,111 | $ | — | $ | 82,711,922 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 95.7% | |||||||||||||||||||
Argentina: 0.3% | |||||||||||||||||||
18,000 | Other Securities | $ | 262,440 | 0.3 | |||||||||||||||
Brazil: 15.7% | |||||||||||||||||||
53,100 | BRF — Brasil Foods SA ADR | 978,633 | 1.0 | ||||||||||||||||
21,800 | Cia de Bebidas das Americas ADR | 915,164 | 1.0 | ||||||||||||||||
7,700 | Cia de Saneamento Basico do Estado de Sao Paulo ADR | 609,532 | 0.7 | ||||||||||||||||
22,900 | Cia Energetica de Minas Gerais ADR | 564,943 | 0.6 | ||||||||||||||||
70,700 | Gerdau SA ADR | 663,873 | 0.7 | ||||||||||||||||
87,500 | Itau Unibanco Holding SA ADR | 1,372,875 | 1.5 | ||||||||||||||||
103,700 | Petroleo Brasileiro SA ADR | 2,404,942 | 2.6 | ||||||||||||||||
33,100 | Telefonica Brasil SA ADR | 942,357 | 1.0 | ||||||||||||||||
19,600 | Tim Participacoes SA ADR | 586,628 | 0.6 | ||||||||||||||||
108,700 | Vale SA ADR | 2,376,204 | 2.5 | ||||||||||||||||
327,720 | Other Securities(a) | 3,305,570 | 3.5 | ||||||||||||||||
14,720,721 | 15.7 | ||||||||||||||||||
China: 14.9% | |||||||||||||||||||
2,591,000 | Bank of China Ltd. | 1,078,949 | 1.1 | ||||||||||||||||
2,001,000 | China Construction Bank | 1,552,865 | 1.7 | ||||||||||||||||
29,000 | China Mobile Ltd. | 320,842 | 0.3 | ||||||||||||||||
140,000 | @ | China Shenhua Energy Co., Ltd. | 618,247 | 0.7 | |||||||||||||||
445,000 | CNOOC Ltd. | 940,351 | 1.0 | ||||||||||||||||
57,000 | Hengan International Group Co., Ltd. | 602,298 | 0.6 | ||||||||||||||||
2,383,000 | Industrial and Commercial Bank of China Ltd. | 1,583,346 | 1.7 | ||||||||||||||||
2,600 | PetroChina Co., Ltd. ADR | 386,932 | 0.4 | ||||||||||||||||
594,000 | PetroChina Co., Ltd. | 886,068 | 0.9 | ||||||||||||||||
76,000 | Ping An Insurance Group Co. of China Ltd. | 631,276 | 0.7 | ||||||||||||||||
3,580,200 | Other Securities(a) | 5,394,564 | 5.8 | ||||||||||||||||
13,995,738 | 14.9 | ||||||||||||||||||
Hong Kong: 3.6% | |||||||||||||||||||
15,400 | China Mobile Ltd. ADR | 852,236 | 0.9 | ||||||||||||||||
3,200 | CNOOC Ltd. ADR | 677,280 | 0.7 | ||||||||||||||||
584,000 | Lenovo Group Ltd. | 558,494 | 0.6 | ||||||||||||||||
802,600 | Other Securities | 1,320,922 | 1.4 | ||||||||||||||||
3,408,932 | 3.6 | ||||||||||||||||||
India: 3.0% | |||||||||||||||||||
13,700 | L | Infosys Technologies Ltd. ADR | 648,695 | 0.7 | |||||||||||||||
25,000 | # | Reliance Industries Ltd. GDR | 707,098 | 0.7 | |||||||||||||||
23,800 | Tata Motors Ltd. ADR ADR | 708,050 | 0.8 | ||||||||||||||||
23,100 | Other Securities | 788,975 | 0.8 | ||||||||||||||||
2,852,818 | 3.0 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Indonesia: 1.4% | |||||||||||||||||||
177,500 | United Tractors Tbk PT | $ | 569,402 | 0.6 | |||||||||||||||
674,000 | Other Securities | 740,192 | 0.8 | ||||||||||||||||
1,309,594 | 1.4 | ||||||||||||||||||
Israel: 0.5% | |||||||||||||||||||
37,600 | Other Securities | 430,100 | 0.5 | ||||||||||||||||
Kazakhstan: 0.4% | |||||||||||||||||||
17,900 | Other Securities | 357,211 | 0.4 | ||||||||||||||||
Malaysia: 0.8% | |||||||||||||||||||
846,500 | Other Securities | 766,323 | 0.8 | ||||||||||||||||
Mexico: 3.7% | |||||||||||||||||||
127,192 | @ | Cemex SAB de CV ADR | 919,598 | 1.0 | |||||||||||||||
42,700 | Grupo Televisa SAB ADR | 938,119 | 1.0 | ||||||||||||||||
377,064 | Other Securities | 1,649,761 | 1.7 | ||||||||||||||||
3,507,478 | 3.7 | ||||||||||||||||||
Netherlands: 0.5% | |||||||||||||||||||
42,000 | Other Securities | 427,980 | 0.5 | ||||||||||||||||
Peru: 0.2% | |||||||||||||||||||
5,600 | Other Securities | 231,112 | 0.2 | ||||||||||||||||
Poland: 0.9% | |||||||||||||||||||
253,900 | Other Securities | 831,024 | 0.9 | ||||||||||||||||
Qatar: 0.3% | |||||||||||||||||||
6,600 | Other Securities | 241,255 | 0.3 | ||||||||||||||||
Russia: 7.1% | |||||||||||||||||||
88,900 | Gazprom OAO ADR | 1,025,906 | 1.1 | ||||||||||||||||
23,600 | Lukoil OAO ADR | 1,447,860 | 1.5 | ||||||||||||||||
136,500 | Sberbank of Russia ADR | 1,767,675 | 1.9 | ||||||||||||||||
17,100 | Tatneft ADR | 634,741 | 0.7 | ||||||||||||||||
132,906 | Other Securities(a) | 1,731,756 | 1.9 | ||||||||||||||||
6,607,938 | 7.1 | ||||||||||||||||||
South Africa: 6.8% | |||||||||||||||||||
23,800 | Exxaro Resources Ltd. | 634,519 | 0.7 | ||||||||||||||||
29,300 | Imperial Holdings Ltd. | 637,099 | 0.7 | ||||||||||||||||
9,800 | Sasol Ltd. ADR | 464,814 | 0.5 | ||||||||||||||||
16,900 | Sasol Ltd. | 803,502 | 0.8 | ||||||||||||||||
42,325 | Standard Bank Group Ltd. | 625,238 | 0.7 | ||||||||||||||||
15,800 | Tiger Brands Ltd. | 579,492 | 0.6 | ||||||||||||||||
177,780 | Other Securities | 2,614,731 | 2.8 | ||||||||||||||||
6,359,395 | 6.8 | ||||||||||||||||||
South Korea: 16.9% | |||||||||||||||||||
4,400 | Hyundai Motor Co. | 1,038,709 | 1.1 | ||||||||||||||||
20,700 | KB Financial Group, Inc. ADR | 702,351 | 0.8 | ||||||||||||||||
3,145 | KCC Corp. | 804,246 | 0.9 | ||||||||||||||||
8,000 | Kia Motors Corp. | 587,032 | 0.6 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
South Korea: (continued) | |||||||||||||||||||
67,310 | KT Corp. ADR | $ | 864,933 | 0.9 | |||||||||||||||
2,233 | Samsung Electronics Co., Ltd. | 2,733,106 | 2.9 | ||||||||||||||||
4,000 | Samsung Electronics Co., Ltd. GDR | 2,440,956 | 2.6 | ||||||||||||||||
5,310 | # | Samsung Life Insurance Co. Ltd. | 468,756 | 0.5 | |||||||||||||||
60,000 | SK Telecom Co., Ltd. ADR | 811,200 | 0.9 | ||||||||||||||||
149,415 | Other Securities | 5,356,832 | 5.7 | ||||||||||||||||
15,808,121 | 16.9 | ||||||||||||||||||
Taiwan: 7.2% | |||||||||||||||||||
123,900 | Hon Hai Precision Industry Co., Ltd. GDR | 749,872 | 0.8 | ||||||||||||||||
337,000 | Hon Hai Precision Industry Co., Ltd. | 1,059,587 | 1.1 | ||||||||||||||||
251,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 741,865 | 0.8 | ||||||||||||||||
93,900 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,462,962 | 1.6 | ||||||||||||||||
2,263,400 | Other Securities | 2,692,479 | 2.9 | ||||||||||||||||
6,706,765 | 7.2 | ||||||||||||||||||
Thailand: 4.1% | |||||||||||||||||||
457,700 | Charoen Pokphand Foods PCL | 605,104 | 0.6 | ||||||||||||||||
107,100 | PTT PCL | 1,221,437 | 1.3 | ||||||||||||||||
1,080,800 | Other Securities | 2,042,603 | 2.2 | ||||||||||||||||
3,869,144 | 4.1 | ||||||||||||||||||
Turkey: 1.2% | |||||||||||||||||||
241,400 | Other Securities | 1,153,524 | 1.2 | ||||||||||||||||
United Arab Emirates: 0.5% | |||||||||||||||||||
51,400 | Other Securities | 490,908 | 0.5 | ||||||||||||||||
United Kingdom: 0.5% | |||||||||||||||||||
22,500 | Other Securities | 433,800 | 0.5 | ||||||||||||||||
United States: 5.2% | |||||||||||||||||||
32,200 | Archer-Daniels- Midland Co. | 992,726 | 1.0 | ||||||||||||||||
120,000 | Avon Products, Inc. | 2,592,000 | 2.8 | ||||||||||||||||
53,000 | @ | Yahoo!, Inc. | 823,620 | 0.9 | |||||||||||||||
7,300 | Other Securities | 470,850 | 0.5 | ||||||||||||||||
4,879,196 | 5.2 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $79,831,035) | 89,651,517 | 95.7 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 3.7% | |||||||||||||||||||
Securities Lending Collateralcc(1): 3.7% | |||||||||||||||||||
1,000,000 | Barclays Bank PLC, Repurchase Agreement dated 04/30/12, 0.20%, due 05/01/12 (Repurchase Amount $1,000,005, collateralized by various U.S. Government Agency Obligations, 3.000%–5.000%, Market Value plus accrued interest $1,020,002, due 04/01/27–09/01/41) | $ | 1,000,000 | 1.0 | |||||||||||||||
473,684 | Credit Suisse Securities, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $473,686, collateralized by various U.S. Government Securities, 0.625%–2.375%, Market Value plus accrued interest $483,159, due 04/30/13–02/15/41) | 473,684 | 0.5 | ||||||||||||||||
1,000,000 | Deutsche Bank AG, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 2.491%–7.000%, Market Value plus accrued interest $1,020,000, due 08/01/25–04/01/42) | 1,000,000 | 1.1 | ||||||||||||||||
1,000,000 | UBS Warburg LLC, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 3.500%–6.000%, Market Value plus accrued interest $1,020,000, due 02/01/20–01/01/48) | 1,000,000 | 1.1 | ||||||||||||||||
3,473,684 | 3.7 | ||||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $3,473,684) | 3,473,684 | 3.7 | |||||||||||||||||
Total Investments in Securities (Cost $83,304,719) | $ | 93,125,201 | 99.4 | ||||||||||||||||
Assets in Excess of Other Liabilities | 566,479 | 0.6 | |||||||||||||||||
Net Assets | $ | 93,691,680 | 100.0 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is the same as for financial statement purposes. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 12,593,221 | ||||
Gross Unrealized Depreciation | (2,772,739 | ) | ||||
Net Unrealized Appreciation | $ | 9,820,482 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 7.3 | % | ||||
Consumer Staples | 12.8 | |||||
Energy | 15.7 | |||||
Financials | 16.2 | |||||
Industrials | 4.7 | |||||
Information Technology | 16.6 | |||||
Materials | 11.8 | |||||
Telecommunications | 9.0 | |||||
Utilities | 1.6 | |||||
Short-Term Investments | 3.7 | |||||
Assets in Excess of Other Liabilities | 0.6 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Argentina | $ | 262,440 | $ | — | $ | — | $ | 262,440 | ||||||||||
Brazil | 13,347,846 | 1,372,875 | — | 14,720,721 | ||||||||||||||
China | 2,418,618 | 11,577,120 | — | 13,995,738 | ||||||||||||||
Hong Kong | 2,006,156 | 1,402,776 | — | 3,408,932 | ||||||||||||||
India | 2,145,720 | 707,098 | — | 2,852,818 | ||||||||||||||
Indonesia | — | 1,309,594 | — | 1,309,594 | ||||||||||||||
Israel | — | 430,100 | — | 430,100 | ||||||||||||||
Kazakhstan | — | 357,211 | — | 357,211 | ||||||||||||||
Malaysia | — | 766,323 | — | 766,323 | ||||||||||||||
Mexico | 3,507,478 | — | — | 3,507,478 | ||||||||||||||
Netherlands | 427,980 | — | — | 427,980 | ||||||||||||||
Peru | 231,112 | — | — | 231,112 | ||||||||||||||
Poland | — | 831,024 | — | 831,024 | ||||||||||||||
Qatar | — | 241,255 | — | 241,255 | ||||||||||||||
Russia | 4,683,497 | 1,924,441 | — | 6,607,938 | ||||||||||||||
South Africa | 464,814 | 5,894,581 | — | 6,359,395 | ||||||||||||||
South Korea | 2,917,708 | 12,890,413 | — | 15,808,121 | ||||||||||||||
Taiwan | 1,754,174 | 4,952,591 | — | 6,706,765 | ||||||||||||||
Thailand | — | 3,869,144 | — | 3,869,144 | ||||||||||||||
Turkey | 342,372 | 811,152 | — | 1,153,524 | ||||||||||||||
United Arab Emirates | — | 490,908 | — | 490,908 | ||||||||||||||
United Kingdom | — | 433,800 | — | 433,800 | ||||||||||||||
United States | 4,879,196 | — | — | 4,879,196 | ||||||||||||||
Total Common Stock | 39,389,111 | 50,262,406 | — | 89,651,517 | ||||||||||||||
Short-Term Investments | — | 3,473,684 | — | 3,473,684 | ||||||||||||||
Total Investments, at value | $ | 39,389,111 | $ | 53,736,090 | $ | — | $ | 93,125,201 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Other Financial Instruments+ | ||||||||||||||||||
Futures | $ | 763 | $ | — | $ | — | $ | 763 | ||||||||||
Total Assets | $ | 39,389,874 | $ | 53,736,090 | $ | — | $ | 93,125,964 |
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 Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Contract Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Contracts | ||||||||||||||||||
SGX S&P CNX Nifty Index | 55 | 05/31/12 | $ | 579,315 | $ | 763 | ||||||||||||
$ | 579,315 | $ | 763 |
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset Derivatives | ||||||||||
Equity contracts | Net Assets — Unrealized appreciation* | $ | 763 | |||||||
Total Asset Derivatives | $ | 763 |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Summary Portfolio of Investments. |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Futures | |||||||||
Equity contracts | $ | 352,686 | ||||||||
Total | $ | 352,686 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Futures | |||||||||
Equity contracts | $ | (419,148 | ) | |||||||
Total | $ | (419,148 | ) |
AS OF APRIL 30, 2012 (UNAUDITED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORPORATE BONDS/NOTES: 31.1% | |||||||||||||||||||
Australia: 3.0% | |||||||||||||||||||
730,000 | # | FMG Resources August 2006 Pty Ltd., 6.000%, 04/01/17 | $ | 744,600 | 0.1 | ||||||||||||||
350,000 | # | FMG Resources August 2006 Pty Ltd., 7.000%, 11/01/15 | 364,000 | 0.1 | |||||||||||||||
AUD 4,478,000 | New South Wales Treasury Corp., 6.000%, 04/01/15 | 4,950,249 | 0.7 | ||||||||||||||||
AUD 4,478,000 | New South Wales Treasury Corp., 6.000%, 03/01/22 | 5,196,256 | 0.7 | ||||||||||||||||
AUD 4,478,000 | Queensland Treasury Corp., 6.000%, 10/21/15 | 4,942,863 | 0.7 | ||||||||||||||||
AUD 4,478,000 | Queensland Treasury Corp., 6.000%, 07/21/22 | 5,026,699 | 0.7 | ||||||||||||||||
21,224,667 | 3.0 | ||||||||||||||||||
Bermuda: 0.1% | |||||||||||||||||||
600,000 | # | China Resources Gas Group Ltd, 4.500%, 04/05/22 | 595,769 | 0.1 | |||||||||||||||
Brazil: 1.9% | |||||||||||||||||||
1,945,000 | # | Banco do Brasil SA, 5.875%, 01/26/22 | 2,032,525 | 0.3 | |||||||||||||||
BRL 3,899,000 | # | Banco Votorantim SA, 6.250%, 05/16/16 | 2,286,852 | 0.3 | |||||||||||||||
505,000 | # | Itau Unibanco Holding SA/Cayman Island, 6.200%, 12/21/21 | 530,250 | 0.1 | |||||||||||||||
1,196,750 | # | QGOG Atlantic / Alaskan Rigs Ltd., 5.250%, 07/30/18 | 1,208,717 | 0.2 | |||||||||||||||
588,000 | # | Voto-Votorantim Ltd., 6.750%, 04/05/21 | 664,440 | 0.1 | |||||||||||||||
6,243,000 | Other Securities | 6,695,987 | 0.9 | ||||||||||||||||
13,418,771 | 1.9 | ||||||||||||||||||
British Virgin Islands: 0.2% | |||||||||||||||||||
1,336,000 | Other Securities | 1,321,952 | 0.2 | ||||||||||||||||
Canada: 0.3% | |||||||||||||||||||
445,000 | # | Bombardier, Inc., 7.500%, 03/15/18 | 495,063 | 0.1 | |||||||||||||||
900,000 | # | Bombardier, Inc., 7.750%, 03/15/20 | 1,010,250 | 0.1 | |||||||||||||||
575,000 | Other Securities | 658,375 | 0.1 | ||||||||||||||||
2,163,688 | 0.3 | ||||||||||||||||||
Cayman Islands: 0.7% | |||||||||||||||||||
1,611,000 | # | IPIC GMTN Ltd., 5.500%, 03/01/22 | 1,691,550 | 0.3 | |||||||||||||||
240,000 | # | Odebrecht Finance Ltd., 7.500%, 09/29/49 | 249,000 | 0.0 | |||||||||||||||
CORPORATE BONDS/NOTES: (continued) | |||||||||||||||||||
Cayman Islands: (continued) | |||||||||||||||||||
665,000 | # | Sable International Finance Ltd., 8.750%, 02/01/20 | $ | 709,887 | 0.1 | ||||||||||||||
1,935,000 | Other Securities | 2,135,325 | 0.3 | ||||||||||||||||
4,785,762 | 0.7 | ||||||||||||||||||
Chile: 0.4% | |||||||||||||||||||
645,000 | # | Inversiones CMPC SA, 6.125%, 11/05/19 | 726,435 | 0.1 | |||||||||||||||
2,300,000 | Other Securities | 2,424,090 | 0.3 | ||||||||||||||||
3,150,525 | 0.4 | ||||||||||||||||||
China: 0.0% | |||||||||||||||||||
250,000 | # | Mega Advance Investments Ltd., 6.375%, 05/12/41 | 281,408 | 0.0 | |||||||||||||||
Colombia: 0.3% | |||||||||||||||||||
1,360,000 | # | Banco de Bogota SA, 5.000%, 01/15/17 | 1,415,760 | 0.2 | |||||||||||||||
719,000 | # | Empresa de Energia de Bogota SA, 6.125%, 11/10/21 | 762,140 | 0.1 | |||||||||||||||
2,177,900 | 0.3 | ||||||||||||||||||
France: 0.1% | |||||||||||||||||||
904,000 | Other Securities | 962,812 | 0.1 | ||||||||||||||||
Hong Kong: 0.1% | |||||||||||||||||||
915,000 | Other Securities | 984,716 | 0.1 | ||||||||||||||||
Italy: 0.2% | |||||||||||||||||||
1,191,000 | Other Securities | 1,218,920 | 0.2 | ||||||||||||||||
Kazakhstan: 0.4% | |||||||||||||||||||
2,297,000 | # | KazMunaiGaz Finance Sub BV, 7.000%, 05/05/20 | 2,644,421 | 0.4 | |||||||||||||||
150,000 | Other Securities | 172,688 | 0.0 | ||||||||||||||||
2,817,109 | 0.4 | ||||||||||||||||||
Luxembourg: 0.3% | |||||||||||||||||||
600,000 | # | Evraz Group SA, 7.400%, 04/24/17 | 606,000 | 0.1 | |||||||||||||||
1,315,000 | Other Securities | 1,535,263 | 0.2 | ||||||||||||||||
2,141,263 | 0.3 | ||||||||||||||||||
Mexico: 2.6% | |||||||||||||||||||
359,000 | # | Comision Federal de Electricidad, 5.750%, 02/14/42 | 367,975 | 0.1 | |||||||||||||||
MXN 140,000,000 | # | Petroleos Mexicanos, 7.650%, 11/24/21 | 11,013,247 | 1.6 | |||||||||||||||
1,936,000 | Petroleos Mexicanos, 5.500%, 01/21/21 | 2,164,448 | 0.3 | ||||||||||||||||
432,000 | # | Petroleos Mexicanos, 4.875%, 01/24/22 | 461,361 | 0.0 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORPORATE BONDS/NOTES: (continued) | |||||||||||||||||||
Mexico: (continued) | |||||||||||||||||||
2,190,000 | Southern Copper Corp., 6.750%, 04/16/40 | $ | 2,437,251 | 0.4 | |||||||||||||||
1,585,000 | Other Securities | 1,688,025 | 0.2 | ||||||||||||||||
18,132,307 | 2.6 | ||||||||||||||||||
Netherlands: 0.5% | |||||||||||||||||||
550,000 | # | LyondellBasell Industries NV, 6.000%, 11/15/21 | 596,750 | 0.1 | |||||||||||||||
480,000 | # | Schaeffler Finance BV, 7.750%, 02/15/17 | 511,200 | 0.1 | |||||||||||||||
245,000 | # | Schaeffler Finance BV, 8.500%, 02/15/19 | 263,988 | 0.0 | |||||||||||||||
740,000 | # | UPCB Finance VI Ltd., 6.875%, 01/15/22 | 764,050 | 0.1 | |||||||||||||||
1,133,000 | Other Securities | 1,187,064 | 0.2 | ||||||||||||||||
3,323,052 | 0.5 | ||||||||||||||||||
New Zealand: 0.1% | |||||||||||||||||||
800,000 | # | Reynolds Group Issuer, Inc., 7.125%, 04/15/19 | 840,000 | 0.1 | |||||||||||||||
Peru: 0.1% | |||||||||||||||||||
785,000 | # | Volcan Cia Minera SAA, 5.375%, 02/02/22 | 817,185 | 0.1 | |||||||||||||||
Qatar: 0.1% | |||||||||||||||||||
440,000 | # | Nakilat, Inc., 6.067%, 12/31/33 | 480,700 | 0.1 | |||||||||||||||
Russia: 0.0% | |||||||||||||||||||
400,000 | # | Gazprom OAO Via Gaz Capital SA, 5.999%, 01/23/21 | 428,160 | 0.0 | |||||||||||||||
South Korea: 0.1% | |||||||||||||||||||
492,000 | # | Korea Gas Corp., 6.250%, 01/20/42 | 566,562 | 0.1 | |||||||||||||||
United Arab Emirates: 0.3% | |||||||||||||||||||
1,080,000 | # | Abu Dhabi National Energy Co., 5.875%, 12/13/21 | 1,167,750 | 0.2 | |||||||||||||||
732,000 | # | Dolphin Energy Ltd., 5.500%, 12/15/21 | 783,240 | 0.1 | |||||||||||||||
1,950,990 | 0.3 | ||||||||||||||||||
United Kingdom: 0.6% | |||||||||||||||||||
627,000 | # | Barclays Bank PLC, 6.050%, 12/04/17 | 631,796 | 0.1 | |||||||||||||||
250,000 | # | Ineos Finance PLC, 8.375%, 02/15/19 | 268,750 | 0.0 | |||||||||||||||
665,000 | # | Lloyds TSB Bank PLC, 6.500%, 09/14/20 | 637,338 | 0.1 | |||||||||||||||
2,286,000 | Other Securities | 2,410,008 | 0.4 | ||||||||||||||||
3,947,892 | 0.6 | ||||||||||||||||||
CORPORATE BONDS/NOTES: (continued) | |||||||||||||||||||
United States: 17.8% | |||||||||||||||||||
426,000 | # | Allegheny Energy Supply Co. LLC, 5.750%, 10/15/19 | $ | 469,917 | 0.1 | ||||||||||||||
735,000 | # | AMC Networks, Inc., 7.750%, 07/15/21 | 825,038 | 0.1 | |||||||||||||||
2,718,000 | American Express Credit Corp., 2.750%–5.125%, 08/25/14–09/15/15 | 2,911,283 | 0.4 | ||||||||||||||||
785,000 | # | Arch Coal, Inc., 7.250%, 06/15/21 | 704,537 | 0.1 | |||||||||||||||
3,762,000 | AT&T, Inc., 2.500%–5.350%, 08/15/15–09/01/40 | 4,018,619 | 0.6 | ||||||||||||||||
590,000 | # | Calpine Corp., 7.875%, 07/31/20 | 646,050 | 0.1 | |||||||||||||||
250,000 | # | Chesapeake Oilfield Operating LLC/Chesapeake Oilfield Finance, Inc., 6.625%, 11/15/19 | 236,250 | 0.0 | |||||||||||||||
370,000 | # | CHS/Community Health Systems, Inc., 8.000%, 11/15/19 | 391,275 | 0.0 | |||||||||||||||
1,208,000 | Citigroup, Inc., 5.000%–8.500%, 09/15/14–05/22/19 | 1,325,166 | 0.2 | ||||||||||||||||
1,923,000 | Comcast Corp., 5.700%, 05/15/18 | 2,284,459 | 0.3 | ||||||||||||||||
718,000 | Comcast Corp., 6.550%, 07/01/39 | 892,026 | 0.1 | ||||||||||||||||
720,000 | # | Delphi Corp., 5.875%, 05/15/19 | 759,600 | 0.1 | |||||||||||||||
1,226,000 | Devon Energy Corp., 5.600%, 07/15/41 | 1,411,132 | 0.2 | ||||||||||||||||
500,000 | # | DPL, Inc., 6.500%, 10/15/16 | 545,000 | 0.1 | |||||||||||||||
560,000 | # | Fidelity National Information Services, Inc., 5.000%, 03/15/22 | 562,800 | 0.1 | |||||||||||||||
600,000 | # | Fresenius Medical Care US Finance II, Inc., 5.625%, 07/31/19 | 612,000 | 0.1 | |||||||||||||||
605,000 | General Electric Capital Corp., 2.250%, 11/09/15 | 619,586 | 0.1 | ||||||||||||||||
2,493,000 | General Electric Capital Corp., 4.375%, 09/16/20 | 2,674,685 | 0.4 | ||||||||||||||||
991,000 | # | Hyatt Hotels Corp., 6.875%, 08/15/19 | 1,166,115 | 0.2 | |||||||||||||||
1,888,000 | # | Hyundai Capital America, 4.000%, 06/08/17 | 1,952,989 | 0.3 | |||||||||||||||
500,000 | # | JBS USA LLC/JBS USA Finance, Inc., 8.250%, 02/01/20 | 507,500 | 0.1 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORPORATE BONDS/NOTES: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
2,036,000 | JPMorgan Chase & Co., 4.400%, 07/22/20 | $ | 2,158,641 | 0.3 | |||||||||||||||
2,632,000 | Kellogg Co., 4.000%, 12/15/20 | 2,841,270 | 0.4 | ||||||||||||||||
500,000 | # | Kinder Morgan Finance Co. LLC, 6.000%, 01/15/18 | 527,500 | 0.1 | |||||||||||||||
885,000 | # | Lamar Media Corp., 5.875%, 02/01/22 | 913,762 | 0.1 | |||||||||||||||
885,000 | # | Mediacom LLC/ Mediacom Capital Corp., 7.250%, 02/15/22 | 902,700 | 0.1 | |||||||||||||||
220,000 | # | Meritage Homes Corp., 7.000%, 04/01/22 | 223,850 | 0.0 | |||||||||||||||
500,000 | # | Mylan, Inc., 6.000%, 11/15/18 | 527,500 | 0.1 | |||||||||||||||
525,000 | # | Mylan, Inc./PA, 7.875%, 07/15/20 | 590,625 | 0.1 | |||||||||||||||
2,334,000 | Oracle Corp., 5.375%, 07/15/40 | 2,766,392 | 0.4 | ||||||||||||||||
857,000 | # | Pacific Life Insurance Co., 9.250%, 06/15/39 | 1,122,883 | 0.2 | |||||||||||||||
840,000 | # | Peabody Energy Corp., 6.000%, 11/15/18 | 856,800 | 0.1 | |||||||||||||||
125,000 | # | Peabody Energy Corp., 6.250%, 11/15/21 | 127,187 | 0.0 | |||||||||||||||
1,000,000 | # | Reliance Holdings USA, Inc., 5.400%, 02/14/22 | 1,003,833 | 0.1 | |||||||||||||||
1,100,000 | # | Sealed Air Corp., 8.375%, 09/15/21 | 1,254,000 | 0.2 | |||||||||||||||
400,000 | # | Valeant Pharmaceuticals International, 7.000%, 10/01/20 | 407,500 | 0.1 | |||||||||||||||
720,000 | # | Valeant Pharmaceuticals International, 7.250%, 07/15/22 | 721,800 | 0.1 | |||||||||||||||
480,000 | # | WPX Energy, Inc., 6.000%, 01/15/22 | 469,200 | 0.1 | |||||||||||||||
735,000 | # | XM Satellite Radio, Inc., 7.625%, 11/01/18 | 804,825 | 0.1 | |||||||||||||||
73,060,000 | Other Securities | 81,217,885 | 11.5 | ||||||||||||||||
124,954,180 | 17.8 | ||||||||||||||||||
Venezuela: 0.9% | |||||||||||||||||||
5,023,995 | Petroleos de Venezuela, 5.000%, 10/28/15 | 4,335,708 | 0.6 | ||||||||||||||||
2,240,900 | Other Securities | 1,820,483 | 0.3 | ||||||||||||||||
6,156,191 | 0.9 | ||||||||||||||||||
Total Corporate Bonds/Notes | |||||||||||||||||||
(Cost $207,268,367) | 218,842,481 | 31.1 | |||||||||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS: 9.7% | |||||||||||||||||||
United States: 9.7% | |||||||||||||||||||
1,685,000 | # | American General Mortgage Loan Trust, 5.750%, 09/25/48 | $ | 1,732,035 | 0.2 | ||||||||||||||
2,144,102 | Banc of America Alternative Loan Trust, 4.750%, 02/25/19 | 2,196,150 | 0.3 | ||||||||||||||||
1,215,000 | # | Banc of America Merrill Lynch Commercial Mortgage, Inc., 5.320%, 07/10/43 | 1,172,565 | 0.2 | |||||||||||||||
580,000 | # | Bear Stearns Commercial Mortgage Securities, 5.714%, 04/12/38 | 534,427 | 0.1 | |||||||||||||||
610,000 | # | Bear Stearns Deutsche Bank Trust, 5.008%, 09/15/27 | 649,491 | 0.1 | |||||||||||||||
583,515 | # | Commercial Mortgage Pass Through Certificates, 0.420%, 06/15/22 | 567,483 | 0.1 | |||||||||||||||
2,365,739 | Credit Suisse Mortgage Capital Certificates, 5.589%, 09/15/40 | 2,376,714 | 0.3 | ||||||||||||||||
500,000 | Credit Suisse Mortgage Capital Certificates, 5.867%, 06/15/39 | 544,637 | 0.1 | ||||||||||||||||
1,967,182 | # | Credit Suisse Mortgage Capital Certificates, 5.165%, 07/27/37 | 2,001,333 | 0.3 | |||||||||||||||
2,227,253 | CW Capital Cobalt Ltd., 5.930%, 05/15/46 | 2,245,299 | 0.3 | ||||||||||||||||
3,180,000 | GMAC Commercial Mortgage Securities, Inc., 4.619%, 05/10/43 | 3,318,853 | 0.5 | ||||||||||||||||
2,165,000 | # | GS Mortgage Securities Corp. II, 5.309%, 01/10/40 | 2,182,344 | 0.3 | |||||||||||||||
1,630,000 | # | Heller Financial Commercial Mortgage Asset, 6.500%, 05/15/31 | 1,632,044 | 0.2 | |||||||||||||||
2,935,345 | JP Morgan Chase Commercial Mortgage Securities Corp., 5.247%–5.988%, 01/12/43–06/15/49 | 2,945,624 | 0.4 | ||||||||||||||||
2,000,000 | LB-UBS Commercial Mortgage Trust, 6.087%, 06/15/38 | 1,651,071 | 0.3 | ||||||||||||||||
660,000 | # | LB-UBS Commercial Mortgage Trust, 5.032%, 10/15/36 | 630,372 | 0.1 | |||||||||||||||
260,000 | # | LB-UBS Commercial Mortgage Trust, 5.750%, 01/15/36 | 260,112 | 0.0 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
GBP 2,841,000 | MBNA Credit Card Master Note Trust, 6.100%, 05/17/13 | $ | 4,753,596 | 0.7 | |||||||||||||||
2,583,982 | Morgan Stanley Capital I, 5.782%, 04/12/49 | 2,659,461 | 0.4 | ||||||||||||||||
1,330,000 | # | Morgan Stanley Capital I, 5.599%, 01/13/41 | 1,323,213 | 0.2 | |||||||||||||||
1,760,000 | Morgan Stanley Capital I, 5.073%–5.302%, 01/14/42–08/13/42 | 1,730,699 | 0.2 | ||||||||||||||||
2,600,000 | # | Morgan Stanley Reremic Trust, 5.854%, 12/17/43 | 2,652,100 | 0.4 | |||||||||||||||
960,000 | # | RBSCF Trust, 5.305%, 01/16/49 | 974,780 | 0.1 | |||||||||||||||
2,502,142 | Wachovia Bank Commercial Mortgage Trust, 5.922%, 06/15/49 | 2,550,328 | 0.4 | ||||||||||||||||
2,600,000 | Wachovia Bank Commercial Mortgage Trust, 5.383%–5.927%, 12/15/43–06/15/49 | 2,729,954 | 0.4 | ||||||||||||||||
3,824,342 | Wells Fargo Mortgage Backed Securities Trust, 2.655%–5.500%, 05/25/35–09/25/37 | 3,784,663 | 0.5 | ||||||||||||||||
18,624,001 | Other Securities | 18,376,300 | 2.6 | ||||||||||||||||
Total Collateralized Mortgage Obligations | |||||||||||||||||||
(Cost $68,197,788) | 68,175,648 | 9.7 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS: 27.5% | |||||||||||||||||||
Argentina: 0.6% | |||||||||||||||||||
9,013,556 | Argentina Government International Bond, 0.000%–8.280%, 09/12/13–12/15/35 | 4,129,634 | 0.6 | ||||||||||||||||
Brazil: 7.6% | |||||||||||||||||||
BRL 95,901,000 | Brazil Notas do Tesouro Nacional Series F, 10.000%, 01/01/21 | 48,475,750 | 6.9 | ||||||||||||||||
1,164,000 | Federal Republic of Brazil, 5.625%, 01/07/41 | 1,390,980 | 0.2 | ||||||||||||||||
2,217,000 | Federal Republic of Brazil, 10.125%, 05/15/27 | 3,748,947 | 0.5 | ||||||||||||||||
53,615,677 | 7.6 | ||||||||||||||||||
Canada: 1.2% | |||||||||||||||||||
CAD 3,000,000 | Canadian Government Bond, 1.750%, 03/01/13 | 3,049,258 | 0.4 | ||||||||||||||||
CAD 1,000,000 | Canadian Government Bond, 3.000%, 12/01/15 | 1,064,210 | 0.2 | ||||||||||||||||
CAD 2,000,000 | Canadian Government Bond, 3.500%, 06/01/20 | 2,259,716 | 0.3 | ||||||||||||||||
CAD 1,800,000 | Canadian Government Bond, 4.000%, 06/01/41 | 2,335,071 | 0.3 | ||||||||||||||||
8,708,255 | 1.2 | ||||||||||||||||||
FOREIGN GOVERNMENT BONDS: (continued) | |||||||||||||||||||
Colombia: 0.4% | |||||||||||||||||||
1,853,000 | Colombia Government International Bond, 6.125%, 01/18/41 | $ | 2,349,604 | 0.3 | |||||||||||||||
306,000 | Colombia Government International Bond, 7.375%, 09/18/37 | 441,864 | 0.1 | ||||||||||||||||
2,791,468 | 0.4 | ||||||||||||||||||
Dominican Republic: 0.7% | |||||||||||||||||||
DOP 188,000,000 | # | Dominican Republic International Bond, 16.950%, 02/04/22 | 4,862,982 | 0.7 | |||||||||||||||
Germany: 1.7% | |||||||||||||||||||
EUR 410,000 | Bundesobligation, 1.250%, 10/14/16 | 560,367 | 0.1 | ||||||||||||||||
EUR 8,090,000 | Bundesrepublik Deutschland, 2.000%, 01/04/22 | 11,120,628 | 1.6 | ||||||||||||||||
11,680,995 | 1.7 | ||||||||||||||||||
Hungary: 0.2% | |||||||||||||||||||
1,813,000 | Other Securities | 1,749,731 | 0.2 | ||||||||||||||||
Indonesia: 0.6% | |||||||||||||||||||
2,057,000 | # | Indonesia Government International Bond, 3.750%, 04/25/22 | 2,036,430 | 0.3 | |||||||||||||||
1,692,000 | Indonesia Government International Bond, 4.875%–6.625%, 05/05/21–02/17/37 | 1,960,040 | 0.3 | ||||||||||||||||
3,996,470 | 0.6 | ||||||||||||||||||
Ireland: 2.6% | |||||||||||||||||||
EUR 8,976,000 | Ireland Government Bond, 4.400%, 06/18/19 | 10,596,756 | 1.5 | ||||||||||||||||
EUR 6,440,000 | Ireland Government Bond, 4.500%, 04/18/20 | 7,432,776 | 1.1 | ||||||||||||||||
18,029,532 | 2.6 | ||||||||||||||||||
Italy: 2.1% | |||||||||||||||||||
EUR 11,090,000 | Italy Buoni Poliennali Del Tesoro, 5.500%, 09/01/22 | 14,585,113 | 2.1 | ||||||||||||||||
Lithuania: 0.3% | |||||||||||||||||||
1,729,000 | # | Lithuania Government International Bond, 5.125%–6.625%, 09/14/17–02/01/22 | 1,863,756 | 0.3 | |||||||||||||||
Mexico: 0.1% | |||||||||||||||||||
658,000 | Other Securities | 824,145 | 0.1 | ||||||||||||||||
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOREIGN GOVERNMENT BONDS: (continued) | |||||||||||||||||||
Panama: 0.4% | |||||||||||||||||||
1,966,000 | Panama Government International Bond, 5.200%–7.125%, 01/30/20–01/26/36 | $ | 2,552,762 | 0.4 | |||||||||||||||
Peru: 0.4% | |||||||||||||||||||
1,822,000 | Peru Government International Bond, 8.750%, 11/21/33 | 2,928,865 | 0.4 | ||||||||||||||||
Philippines: 0.5% | |||||||||||||||||||
3,247,000 | Philippine Government International Bond, 4.000%–7.750%, 01/15/21–01/14/31 | 3,920,732 | 0.5 | ||||||||||||||||
Poland: 0.3% | |||||||||||||||||||
2,194,000 | Poland Government International Bond, 5.000%–6.375%, 07/15/19–03/23/22 | 2,436,051 | 0.3 | ||||||||||||||||
Russia: 1.8% | |||||||||||||||||||
3,092,189 | # | Russia Government Bond, 7.500%, 03/31/30 | 3,714,493 | 0.5 | |||||||||||||||
RUB 200,000,000 | Russian Federal Bond — OFZ, 7.500%, 03/15/18 | 6,803,080 | 1.0 | ||||||||||||||||
751,440 | Russian Foreign Bond — Eurobond, 7.500%, 03/31/30 | 902,667 | 0.1 | ||||||||||||||||
600,000 | # | Russian Foreign Bond — Eurobond, 3.250%, 04/04/17 | 609,750 | 0.1 | |||||||||||||||
800,000 | # | Russian Foreign Bond — Eurobond, 5.625%, 04/04/42 | 850,960 | 0.1 | |||||||||||||||
12,880,950 | 1.8 | ||||||||||||||||||
South Africa: 3.0% | |||||||||||||||||||
ZAR 120,000,000 | South Africa Government Bond, 10.500%, 12/21/26 | 18,469,890 | 2.6 | ||||||||||||||||
2,136,000 | South Africa Government International Bond, 5.500%, 03/09/20 | 2,440,380 | 0.4 | ||||||||||||||||
20,910,270 | 3.0 | ||||||||||||||||||
South Korea: 0.1% | |||||||||||||||||||
500,000 | # | Korea Housing Finance Corp., 4.125%, 12/15/15 | 529,319 | 0.1 | |||||||||||||||
Turkey: 0.8% | |||||||||||||||||||
1,851,000 | Turkey Government International Bond, 7.500%, 11/07/19 | 2,230,455 | 0.3 | ||||||||||||||||
3,005,000 | Turkey Government International Bond, 5.125%–7.000%, 09/26/16–09/26/22 | 3,260,526 | 0.5 | ||||||||||||||||
5,490,981 | 0.8 | ||||||||||||||||||
FOREIGN GOVERNMENT BONDS: (continued) | |||||||||||||||||||
Ukraine: 0.7% | |||||||||||||||||||
1,049,000 | # | Ukraine Government International Bond, 6.250%, 06/17/16 | $ | 970,325 | 0.1 | ||||||||||||||
1,342,000 | # | Ukraine Government International Bond, 7.650%, 06/11/13 | 1,335,290 | 0.2 | |||||||||||||||
2,363,000 | Ukraine Government International Bond, 6.250%–7.650%, 06/11/13–06/17/16 | 2,339,565 | 0.4 | ||||||||||||||||
4,645,180 | 0.7 | ||||||||||||||||||
United Kingdom: 0.9% | |||||||||||||||||||
GBP 3,600,000 | United Kingdom Gilt, 4.250%–4.750%, 03/07/13–12/07/40 | 6,632,957 | 0.9 | ||||||||||||||||
Uruguay: 0.4% | |||||||||||||||||||
UYU 6,067,000 | Uruguay Government International Bond, 4.250%, 04/05/27 | 496,690 | 0.1 | ||||||||||||||||
1,637,267 | & | Uruguay Government International Bond, 6.875%–7.875%, 09/28/25–03/21/36 | 2,269,243 | 0.3 | |||||||||||||||
2,765,933 | 0.4 | ||||||||||||||||||
Venezuela: 0.1% | |||||||||||||||||||
606,600 | Other Securities | 608,116 | 0.1 | ||||||||||||||||
Total Foreign Government Bonds | |||||||||||||||||||
(Cost $193,630,479) | 193,139,874 | 27.5 | |||||||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS: 8.9% | |||||||||||||||||||
Federal Home Loan Mortgage Corporation: 3.8%## | |||||||||||||||||||
7,432,903 | 0.690%, due 06/15/37 | 7,451,086 | 1.0 | ||||||||||||||||
2,533,000 | 1.750%, due 05/30/19 | 2,553,221 | 0.4 | ||||||||||||||||
8,793,000 | 2.375%, due 01/13/22 | 8,859,071 | 1.3 | ||||||||||||||||
14,661,376 | ˆ | 6.410%, due 02/15/41 | 3,319,922 | 0.5 | |||||||||||||||
16,561,004 | ˆ | 5.000%–5.810%, due 11/15/32–07/15/40 | 4,268,790 | 0.6 | |||||||||||||||
26,452,090 | 3.8 | ||||||||||||||||||
Federal National Mortgage Association: 3.0%## | |||||||||||||||||||
1,366,674 | 32.256%, due 11/25/36 | 2,315,925 | 0.3 | ||||||||||||||||
32,741,745 | ˆ, W | 3.500%–23.045%, due 05/25/18–02/25/42 | 18,651,791 | 2.7 | |||||||||||||||
20,967,716 | 3.0 | ||||||||||||||||||
Government National Mortgage Association: 2.1% | |||||||||||||||||||
3,139,877 | 0.760%, due 12/20/38 | 3,152,640 | 0.5 | ||||||||||||||||
1,583,346 | 21.271%, due 03/20/37 | 2,337,592 | 0.3 | ||||||||||||||||
42,119,831 | ˆ | 4.000%–24.419%, due 04/16/37–10/20/60 | 9,341,785 | 1.3 | |||||||||||||||
14,832,017 | 2.1 | ||||||||||||||||||
Total U.S. Government Agency Obligations | |||||||||||||||||||
(Cost $60,639,219) | 62,251,823 | 8.9 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
U.S. TREASURY OBLIGATIONS: 7.6% | |||||||||||||||||||
U.S. Treasury Bonds: 2.1% | |||||||||||||||||||
7,282,000 | 2.000%, due 02/15/22 | $ | 7,333,200 | 1.1 | |||||||||||||||
7,245,000 | 3.125%, due 11/15/41 | 7,257,454 | 1.0 | ||||||||||||||||
14,590,654 | 2.1 | ||||||||||||||||||
U.S. Treasury Notes: 5.5% | |||||||||||||||||||
6,279,000 | 0.250%, due 03/31/14 | 6,279,245 | 0.9 | ||||||||||||||||
875,000 | 0.375%, due 03/15/15 | 875,137 | 0.1 | ||||||||||||||||
5,612,000 | 1.000%, due 03/31/17 | 5,668,120 | 0.8 | ||||||||||||||||
24,435,000 | 1.500%, due 03/31/19 | 24,759,521 | 3.5 | ||||||||||||||||
1,466,000 | Other Securities | 1,466,114 | 0.2 | ||||||||||||||||
39,048,137 | 5.5 | ||||||||||||||||||
Total U.S. Treasury Obligations | |||||||||||||||||||
(Cost $52,417,082) | 53,638,791 | 7.6 | |||||||||||||||||
# of Contracts | | | | Value | | Percentage of Net Assets | |||||||||||||
PURCHASED OPTIONS: 0.2% | |||||||||||||||||||
Credit Default Swaptions: 0.1% | |||||||||||||||||||
27,975,000 | @ | Call on OTC Swaption, CDX.NA.HY.18, Fund Receives, Strike @ 94.000, Exp. 09/19/12 Counterparty: Morgan Stanley | 700,836 | 0.1 | |||||||||||||||
Interest Rate Swaptions: 0.0% | |||||||||||||||||||
39,800,000 | @ | Call OTC Swaption, 3-month USD-LIBOR-BBA, Fund Receives, Strike @ 2.400%, Exp. 07/11/22 Counterparty: Citigroup, Inc. | 170,280 | 0.0 | |||||||||||||||
Options On Currencies: 0.1% | |||||||||||||||||||
36,400,000 | @ | EUR Put vs. USD Call Currency Option, Strike @ 1.300, Exp. 05/25/12 Counterparty: Barclays Bank PLC | 110,092 | 0.0 | |||||||||||||||
35,100,000 | @ | JPY Put vs. USD Call Currency Option, Strike @ 82.000, Exp. 09/10/12 Counterparty: Morgan Stanley | 396,448 | 0.1 | |||||||||||||||
PURCHASED OPTIONS: (continued) | |||||||||||||||||||
Options On Currencies: (continued) | |||||||||||||||||||
14,500,000 | @ | USD Put vs. BRL Call Currency Option, Strike @ 1.865, Exp. 06/21/12 Counterparty: Deutsche Bank AG | $ | 63,419 | 0.0 | ||||||||||||||
569,959 | 0.1 | ||||||||||||||||||
Total Purchased Options | |||||||||||||||||||
(Cost $2,732,827) | 1,441,075 | 0.2 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $584,885,762) | 597,489,692 | 85.0 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 20.9% | |||||||||||||||||||
Commercial Paper: 8.2% | |||||||||||||||||||
5,000,000 | Comcast, 0.440%, 06/15/12 | 4,997,189 | 0.7 | ||||||||||||||||
5,000,000 | Concord Minutemen, 0.490%, 10/02/12 | 4,989,500 | 0.7 | ||||||||||||||||
5,000,000 | Crown Point, 0.490%, 10/02/12 | 4,989,500 | 0.7 | ||||||||||||||||
5,677,000 | CVS Caremark, 0.330%, 05/01/12 | 5,676,948 | 0.8 | ||||||||||||||||
6,300,000 | Devon Energy Corp., 0.390%, 05/07/12 | 6,299,522 | 0.9 | ||||||||||||||||
4,800,000 | Florida Power Corp., 0.420%, 05/03/12 | 4,799,832 | 0.7 | ||||||||||||||||
5,000,000 | Kraft Foods, 0.450%, 06/28/12 | 4,996,276 | 0.7 | ||||||||||||||||
7,000,000 | Kroger Co., 0.400%, 05/01/12 | 6,999,922 | 1.0 | ||||||||||||||||
7,000,000 | Pacific Gas & Electric, 0.440%, 05/24/12 | 6,997,947 | 1.0 | ||||||||||||||||
7,000,000 | Volkswagen Credit, 0.420%, 05/11/12 | 6,999,102 | 1.0 | ||||||||||||||||
57,745,738 | 8.2 | ||||||||||||||||||
Foreign Government Bonds: 5.6% | |||||||||||||||||||
KRW 22,309,080,000 | Korea Monetary Stabilization Bond, 3.460%, 10/09/12 | 19,788,612 | 2.8 | ||||||||||||||||
MXN 255,636,000 | Mexico Cetes, 4.330%, 06/14/12 | 19,519,518 | 2.8 | ||||||||||||||||
39,308,130 | 5.6 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Repurchase Agreement: 6.5% | |||||||||||||||||||
45,449,000 | Deutsche Bank AG Repurchase Agreement dated 04/30/12, 0.190%, due 05/01/12, $45,449,240 to be received upon repurchase (Collateralized by $46,242,400, United States Treasury, 0.875%, Market Value plus accrued interest $46,358,006 due 04/30/17) (Cost $45,449,000) | $ | 45,449,000 | 6.5 | |||||||||||||||
Mutual Funds: 0.6% | |||||||||||||||||||
4,507,000 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $4,507,000) | 4,507,000 | 0.6 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $146,826,874) | 147,009,868 | 20.9 | |||||||||||||||||
Total Investments in Securities (Cost $731,712,636) | $ | 744,499,560 | 105.9 | ||||||||||||||||
Liabilities in Excess of Other Assets | (41,476,660 | ) | (5.9 | ) | |||||||||||||||
Net Assets | $ | 703,022,900 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
## | 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 |
& | Payment-in-kind |
W | Settlement is on a when-issued or delayed-delivery basis. |
ˆ | Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. Principal amount shown represents the notional amount on which current interest is calculated. Payments of principal on the pool reduce the value of the interest only security. |
AUD | Australian Dollar |
BRL | Brazilian Real |
CAD | Canadian Dollar |
DOP | Dominican Peso |
EUR | EU Euro |
GBP | British Pound |
KRW | South Korean Won |
MXN | Mexican Peso |
RUB | Russian Ruble |
UYU | Uruguayan Peso Uruguayo |
ZAR | South African Rand |
Cost for federal income tax purposes is $732,043,066. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 20,642,248 | ||||
Gross Unrealized Depreciation | (8,185,754 | ) | ||||
Net Unrealized Appreciation | $ | 12,456,494 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Collateralized Mortgage Obligations | 9.7 | % | ||||
Consumer Discretionary | 4.0 | |||||
Consumer Staples | 2.2 | |||||
Corporate Bonds/Notes | 0.8 | |||||
Credit Default Swaptions | 0.1 | |||||
Energy | 5.3 | |||||
Federal Home Loan Mortgage Corporation | 2.4 | |||||
Federal National Mortgage Association | 3.0 | |||||
Financials | 9.3 | |||||
Foreign Government Bonds | 28.1 | |||||
Government National Mortgage Association | 2.1 | |||||
Health Care | 1.5 | |||||
Industrials | 0.7 | |||||
Information Technology | 1.2 | |||||
Interest Rate Swaptions | 0.0 | |||||
Materials | 1.8 | |||||
Options On Currencies | 0.1 | |||||
Telecommunication Services | 1.8 | |||||
Telecommunications | 0.3 | |||||
U.S. Government Agency Obligations | 1.4 | |||||
U.S. Treasury Bonds | 2.1 | |||||
U.S. Treasury Notes | 5.3 | |||||
U.S. Treasury Obligations | 0.2 | |||||
Utilities | 1.6 | |||||
Short-Term Investments | 20.9 | |||||
Liabilities in Excess of Other Assets | (5.9 | ) | ||||
Net Assets | 100.0 | % |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Purchased Options | $ | — | $ | 1,441,075 | $ | — | $ | 1,441,075 | ||||||||||
Corporate Bonds/Notes | — | 218,842,481 | — | 218,842,481 | ||||||||||||||
Collateralized Mortgage Obligations | — | 68,175,648 | — | 68,175,648 | ||||||||||||||
Short-Term Investments | 4,507,000 | 142,502,868 | — | 147,009,868 | ||||||||||||||
Foreign Government Bonds | — | 193,139,874 | — | 193,139,874 | ||||||||||||||
U.S. Treasury Obligations | — | 53,638,791 | — | 53,638,791 | ||||||||||||||
U.S. Government Agency Obligations | — | 62,251,823 | — | 62,251,823 | ||||||||||||||
Total Investments, at value | $ | 4,507,000 | $ | 739,992,560 | $ | — | $ | 744,499,560 | ||||||||||
Other Financial Instruments+ | ||||||||||||||||||
Swaps | $ | — | $ | 2,156,268 | $ | — | $ | 2,156,268 | ||||||||||
Futures | 1,445,804 | — | — | 1,445,804 | ||||||||||||||
Forward Foreign Currency Contracts | — | 14,005,491 | — | 14,005,491 | ||||||||||||||
Total Assets | $ | 5,952,804 | $ | 756,154,319 | $ | — | $ | 762,107,123 | ||||||||||
Liabilities Table | ||||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||||
Swaps | $ | — | $ | (20,033,313 | ) | $ | — | $ | (20,033,313 | ) | ||||||||
Futures | (1,239,438 | ) | — | — | (1,239,438 | ) | ||||||||||||
Written Options | — | (733,398 | ) | — | (733,398 | ) | ||||||||||||
Forward Foreign Currency Contracts | — | (14,729,043 | ) | — | (14,729,043 | ) | ||||||||||||
Total Liabilities | $ | (1,239,438 | ) | $ | (35,495,754 | ) | $ | — | $ | (36,735,192 | ) |
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 Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument. |
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Corporate Bonds/Notes | $ | 19,149,143 | $ | — | $ | (20,422,064 | ) | $ | — | $ | 85,920 | $ | 1,187,001 | $ | — | $ | — | $ | — | |||||||||||||||||||
Total Investments, at value | $ | 19,149,143 | $ | — | $ | (20,422,064 | ) | $ | — | $ | 85,920 | $ | 1,187,001 | $ | — | $ | — | $ | — |
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barclays Bank PLC | Canadian Dollar | 2,801,441 | Buy | 05/18/12 | $ | 2,827,000 | $ | 2,834,778 | $ | 7,778 | ||||||||||||||||||||
Barclays Bank PLC | EU Euro | 2,809,763 | Buy | 05/18/12 | 3,690,000 | 3,719,540 | 29,540 | |||||||||||||||||||||||
Barclays Bank PLC | EU Euro | 11,213,119 | Buy | 05/18/12 | 14,742,000 | 14,843,831 | 101,831 | |||||||||||||||||||||||
Barclays Bank PLC | Malaysian Ringgit | 24,058,852 | Buy | 05/18/12 | 7,781,000 | 7,939,387 | 158,387 | |||||||||||||||||||||||
Barclays Bank PLC | Norwegian Krone | 16,731,390 | Buy | 07/13/12 | 2,908,000 | 2,914,935 | 6,935 | |||||||||||||||||||||||
Barclays Bank PLC | Swedish Krona | 20,183,759 | Buy | 07/13/12 | 2,973,342 | 2,994,034 | 20,692 | |||||||||||||||||||||||
Barclays Bank PLC | Danish Krone | 6,953,272 | Buy | 07/13/12 | 1,218,973 | 1,237,922 | 18,949 | |||||||||||||||||||||||
Barclays Bank PLC | Mexican Peso | 58,681,377 | Buy | 05/18/12 | 4,538,000 | 4,496,674 | (41,326 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barclays Bank PLC | Russian Ruble | 413,505,295 | Buy | 05/18/12 | $ | 13,489,000 | $ | 14,030,696 | $ | 541,696 | ||||||||||||||||||||
Barclays Bank PLC | Turkish Lira | 1,958,427 | Buy | 05/18/12 | 1,041,524 | 1,110,353 | 68,829 | |||||||||||||||||||||||
Barclays Bank PLC | Argentine Peso | 34,676,775 | Buy | 09/24/12 | 7,339,000 | 7,235,172 | (103,828 | ) | ||||||||||||||||||||||
Citigroup, Inc. | Turkish Lira | 30,111,161 | Buy | 05/18/12 | 17,038,090 | 17,071,867 | 33,777 | |||||||||||||||||||||||
Citigroup, Inc. | Turkish Lira | 20,541,085 | Buy | 05/18/12 | 11,624,836 | 11,646,003 | 21,167 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 2,189,391 | Buy | 05/18/12 | 2,873,000 | 2,898,297 | 25,297 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 21,066,728 | Buy | 05/18/12 | 27,640,073 | 27,887,954 | 247,881 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 11,123,962 | Buy | 05/18/12 | 14,542,000 | 14,725,806 | 183,806 | |||||||||||||||||||||||
Citigroup, Inc. | Canadian Dollar | 26,250 | Buy | 05/18/12 | 26,409 | 26,563 | 154 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 8,169,270 | Buy | 05/18/12 | 10,722,967 | 10,814,409 | 91,442 | |||||||||||||||||||||||
Citigroup, Inc. | Colombian Peso | 15,311,806,319 | Buy | 05/18/12 | 8,573,240 | 8,665,472 | 92,232 | |||||||||||||||||||||||
Citigroup, Inc. | Colombian Peso | 17,400,643,526 | Buy | 05/18/12 | 9,770,154 | 9,847,616 | 77,462 | |||||||||||||||||||||||
Citigroup, Inc. | Hungarian Forint | 4,111,479,005 | Buy | 07/13/12 | 18,086,244 | 18,774,555 | 688,311 | |||||||||||||||||||||||
Citigroup, Inc. | Turkish Lira | 12,055,453 | Buy | 05/18/12 | 6,744,000 | 6,834,977 | 90,977 | |||||||||||||||||||||||
Citigroup, Inc. | South African Rand | 4,547,162 | Buy | 05/18/12 | 580,699 | 583,330 | 2,631 | |||||||||||||||||||||||
Citigroup, Inc. | British Pound | 14,174,403 | Buy | 07/13/12 | 22,430,596 | 22,993,175 | 562,579 | |||||||||||||||||||||||
Citigroup, Inc. | Norwegian Krone | 49,178,820 | Buy | 07/13/12 | 8,443,200 | 8,567,911 | 124,711 | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 49,859,061 | Buy | 05/18/12 | 3,849,592 | 3,820,633 | (28,959 | ) | ||||||||||||||||||||||
Citigroup, Inc. | Canadian Dollar | 6,822,373 | Buy | 05/18/12 | 6,816,000 | 6,903,560 | 87,560 | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 86,983,735 | Buy | 05/18/12 | 6,555,863 | 6,665,446 | 109,583 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 3,793,714 | Buy | 05/18/12 | 4,941,392 | 5,022,086 | 80,694 | |||||||||||||||||||||||
Citigroup, Inc. | Canadian Dollar | 29,852,707 | Buy | 05/18/12 | 29,354,617 | 30,207,955 | 853,338 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 28,989,945 | Buy | 05/18/12 | 37,455,182 | 38,376,640 | 921,458 | |||||||||||||||||||||||
Citigroup, Inc. | Polish Zloty | 434,996 | Buy | 05/18/12 | 128,641 | 137,672 | 9,031 | |||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | 11,009,750 | Buy | 05/18/12 | 14,631,000 | 14,574,613 | (56,387 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | 1,097,580 | Buy | 05/18/12 | 1,462,609 | 1,452,967 | (9,642 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 151,340,018 | Buy | 05/18/12 | 1,811,000 | 1,895,852 | 84,852 | |||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 567,740,828 | Buy | 05/18/12 | 7,042,000 | 7,112,148 | 70,148 | |||||||||||||||||||||||
Credit Suisse First Boston | Norwegian Krone | 14,341,750 | Buy | 07/13/12 | 2,488,000 | 2,498,613 | 10,613 | |||||||||||||||||||||||
Credit Suisse First Boston | Singapore Dollar | 12,661,302 | Buy | 07/13/12 | 10,120,953 | 10,233,467 | 112,514 | |||||||||||||||||||||||
Credit Suisse First Boston | Mexican Peso | 167,136,468 | Buy | 05/18/12 | 12,841,489 | 12,807,441 | (34,048 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Mexican Peso | 54,684,581 | Buy | 05/18/12 | 4,088,017 | 4,190,406 | 102,389 | |||||||||||||||||||||||
Deutsche Bank AG | Turkish Lira | 12,449,662 | Buy | 05/18/12 | 7,006,000 | 7,058,478 | 52,478 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 246,005,878 | Buy | 05/18/12 | 3,020,000 | 3,081,741 | 61,741 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 4,255,180 | Buy | 05/18/12 | 5,591,000 | 5,632,971 | 41,971 | |||||||||||||||||||||||
Deutsche Bank AG | Turkish Lira | 20,823,673 | Buy | 05/18/12 | 11,561,000 | 11,806,220 | 245,220 | |||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 141,836,026 | Buy | 05/18/12 | 10,686,539 | 10,868,702 | 182,163 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 202,778,688 | Buy | 05/18/12 | 2,512,000 | 2,540,230 | 28,230 | |||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 5,033,115 | Buy | 05/18/12 | 5,064,000 | 5,093,009 | 29,009 | |||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 74,970,752 | Buy | 05/18/12 | 5,889,436 | 5,744,907 | (144,529 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Russian Ruble | 243,655,825 | Buy | 05/18/12 | 8,197,000 | 8,267,514 | 70,514 | |||||||||||||||||||||||
Deutsche Bank AG | Colombian Peso | 9,325,696,000 | Buy | 05/18/12 | 5,248,000 | 5,277,728 | 29,728 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 570,458,129 | Buy | 05/18/12 | 7,055,000 | 7,146,188 | 91,188 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 569,908,544 | Buy | 05/18/12 | 7,055,000 | 7,139,303 | 84,303 | |||||||||||||||||||||||
Deutsche Bank AG | Swiss Franc | 1,761,679 | Buy | 07/13/12 | 1,943,000 | 1,942,789 | (211 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Norwegian Krone | 50,096,706 | Buy | 07/13/12 | 8,724,000 | 8,727,825 | 3,825 | |||||||||||||||||||||||
Deutsche Bank AG | Swedish Krona | 11,429,124 | Buy | 07/13/12 | 1,703,000 | 1,695,383 | (7,617 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Swiss Franc | 1,562,166 | Buy | 07/13/12 | 1,707,000 | 1,722,765 | 15,765 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 5,187,621 | Buy | 05/18/12 | 6,923,000 | 6,867,329 | (55,671 | ) | ||||||||||||||||||||||
Deutsche Bank AG | British Pound | 1,859,903 | Buy | 07/13/12 | 2,983,000 | 3,017,064 | 34,064 | |||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 149,955,408 | Buy | 05/18/12 | 11,591,563 | 11,490,880 | (100,683 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Swiss Franc | 1,551,377 | Buy | 07/13/12 | 1,697,000 | 1,710,866 | 13,866 | |||||||||||||||||||||||
Deutsche Bank AG | South African Rand | 196,099,900 | Buy | 05/18/12 | 25,020,721 | 25,156,561 | 135,840 | |||||||||||||||||||||||
Deutsche Bank AG | Brazilian Real | 18,998,569 | Buy | 07/13/12 | 10,111,000 | 9,825,754 | (285,246 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 1,406,496 | Buy | 05/18/12 | 1,866,000 | 1,861,908 | (4,092 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 218,310,596 | Buy | 05/18/12 | 2,740,000 | 2,734,799 | (5,201 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 13,699,628 | Buy | 05/18/12 | 13,694,000 | 13,862,654 | 168,654 | |||||||||||||||||||||||
Deutsche Bank AG | Polish Zloty | 47,795,615 | Buy | 05/18/12 | 14,990,000 | 15,126,863 | 136,863 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 14,120,741 | Buy | 05/18/12 | 18,728,000 | 18,692,916 | (35,084 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 7,630,813 | Buy | 05/18/12 | 10,033,000 | 10,101,604 | 68,604 | |||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 2,953,525 | Buy | 05/18/12 | 2,948,000 | 2,988,672 | 40,672 | |||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 13,382,933 | Buy | 05/18/12 | 13,304,000 | 13,542,190 | 238,190 | |||||||||||||||||||||||
Deutsche Bank AG | Polish Zloty | 36,374,400 | Buy | 05/18/12 | 11,156,015 | 11,512,155 | 356,140 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Deutsche Bank AG | EU Euro | 5,059,901 | Buy | 05/18/12 | $ | 6,593,000 | $ | 6,698,253 | $ | 105,253 | ||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 79,114,137 | Buy | 05/18/12 | 6,003,000 | 6,062,409 | 59,409 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 7,515,815,670 | Buy | 05/18/12 | 97,493,409 | 94,151,397 | (3,342,012 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Malaysian Ringgit | 40,257,467 | Buy | 05/18/12 | 12,911,311 | 13,284,908 | 373,597 | |||||||||||||||||||||||
Deutsche Bank AG | Malaysian Ringgit | 22,009,735 | Buy | 05/18/12 | 6,985,000 | 7,263,182 | 278,182 | |||||||||||||||||||||||
HSBC | EU Euro | 8,230,322 | Buy | 05/18/12 | 10,900,000 | 10,895,230 | (4,770 | ) | ||||||||||||||||||||||
HSBC | Chilean Peso | 8,978,793,418 | Buy | 07/13/12 | 18,418,000 | 18,343,819 | (74,181 | ) | ||||||||||||||||||||||
HSBC | Indian Rupee | 781,445,953 | Buy | 07/13/12 | 14,867,552 | 14,591,777 | (275,775 | ) | ||||||||||||||||||||||
HSBC | Russian Ruble | 323,225,420 | Buy | 05/18/12 | 10,142,792 | 10,967,399 | 824,607 | |||||||||||||||||||||||
HSBC | South African Rand | 93,610,325 | Buy | 05/18/12 | 11,457,532 | 12,008,746 | 551,214 | |||||||||||||||||||||||
HSBC | Chinese Yuan | 69,676,320 | Buy | 08/24/12 | 11,087,893 | 11,015,325 | (72,568 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | 2,931,470 | Buy | 05/18/12 | 2,979,000 | 2,966,355 | (12,645 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,093,652 | Buy | 05/18/12 | 14,565,000 | 14,685,682 | 120,682 | |||||||||||||||||||||||
JPMorgan Chase & Co. | South African Rand | 71,337,098 | Buy | 05/18/12 | 9,089,000 | 9,151,438 | 62,438 | |||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,205,006 | Buy | 05/18/12 | 14,673,000 | 14,833,091 | 160,091 | |||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,254,078 | Buy | 05/18/12 | 14,708,000 | 14,898,053 | 190,053 | |||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,218,290 | Buy | 05/18/12 | 14,742,000 | 14,850,677 | 108,677 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | 271,347,132 | Buy | 05/18/12 | 3,288,000 | 3,399,193 | 111,193 | |||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 10,948,202 | Buy | 05/18/12 | 14,555,000 | 14,493,137 | (61,863 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 10,923,168 | Buy | 05/18/12 | 14,568,000 | 14,459,997 | (108,003 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 5,763,107 | Buy | 05/18/12 | 7,509,000 | 7,629,152 | 120,152 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Swiss Franc | 7,025,249 | Buy | 07/13/12 | 7,761,000 | 7,747,480 | (13,520 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 3,925,640 | Buy | 05/18/12 | 5,229,000 | 5,196,729 | (32,271 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Swiss Franc | 1,555,433 | Buy | 07/13/12 | 1,709,000 | 1,715,339 | 6,339 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | 448,197,876 | Buy | 05/18/12 | 5,580,000 | 5,614,621 | 34,621 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Mexican Peso | 100,335,083 | Buy | 05/18/12 | 7,716,000 | 7,688,541 | (27,459 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 3,092,250 | Buy | 05/18/12 | 3,116,000 | 3,129,048 | 13,048 | |||||||||||||||||||||||
Morgan Stanley | Czech Koruna | 252,859,710 | Buy | 05/18/12 | 13,694,000 | 13,417,701 | (276,299 | ) | ||||||||||||||||||||||
Morgan Stanley | British Pound | 1,806,071 | Buy | 07/13/12 | 2,912,000 | 2,929,739 | 17,739 | |||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 6,805,771 | Buy | 05/18/12 | 6,813,000 | 6,886,760 | 73,760 | |||||||||||||||||||||||
Morgan Stanley | Chilean Peso | 500,149,900 | Buy | 07/13/12 | 1,017,289 | 1,021,815 | 4,526 | |||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 6,822,714 | Buy | 05/18/12 | 6,816,000 | 6,903,904 | 87,904 | |||||||||||||||||||||||
Morgan Stanley | Peruvian Nuevo Sol | 141,428 | Buy | 05/18/12 | 52,419 | 53,557 | 1,138 | |||||||||||||||||||||||
Morgan Stanley | Israeli New Shekel | 21,506,009 | Buy | 05/18/12 | 5,671,513 | 5,706,922 | 35,409 | |||||||||||||||||||||||
UBS Warburg LLC | EU Euro | 11,203,466 | Buy | 05/18/12 | 14,673,000 | 14,831,052 | 158,052 | |||||||||||||||||||||||
UBS Warburg LLC | Norwegian Krone | 17,646,543 | Buy | 07/13/12 | 3,074,000 | 3,074,372 | 372 | |||||||||||||||||||||||
UBS Warburg LLC | Norwegian Krone | 20,465,359 | Buy | 07/13/12 | 3,561,000 | 3,565,465 | 4,465 | |||||||||||||||||||||||
UBS Warburg LLC | Australian Dollar | 14,139,165 | Buy | 07/13/12 | 14,581,000 | 14,618,358 | 37,358 | |||||||||||||||||||||||
UBS Warburg LLC | Swedish Krona | 23,458,561 | Buy | 07/13/12 | 3,459,000 | 3,479,815 | 20,815 | |||||||||||||||||||||||
UBS Warburg LLC | Japanese Yen | 25,466,175 | Buy | 05/18/12 | 333,000 | 319,017 | (13,983 | ) | ||||||||||||||||||||||
$ | 6,101,493 | |||||||||||||||||||||||||||||
Barclays Bank PLC | South African Rand | 71,835,876 | Sell | 05/18/12 | $ | 8,915,737 | $ | 9,215,423 | $ | (299,686 | ) | |||||||||||||||||||
Barclays Bank PLC | EU Euro | 2,044,864 | Sell | 05/18/12 | 2,701,000 | 2,706,974 | (5,974 | ) | ||||||||||||||||||||||
Barclays Bank PLC | Russian Ruble | 199,702,960 | Sell | 05/18/12 | 6,788,000 | 6,776,144 | 11,856 | |||||||||||||||||||||||
Barclays Bank PLC | British Pound | 1,926,133 | Sell | 07/13/12 | 3,108,000 | 3,124,499 | (16,499 | ) | ||||||||||||||||||||||
Barclays Bank PLC | Chilean Peso | 8,496,163,500 | Sell | 07/13/12 | 17,138,000 | 17,357,798 | (219,798 | ) | ||||||||||||||||||||||
Barclays Bank PLC | British Pound | 1,878,395 | Sell | 07/13/12 | 3,026,000 | 3,047,060 | (21,060 | ) | ||||||||||||||||||||||
Barclays Bank PLC | British Pound | 1,708,073 | Sell | 07/13/12 | 2,737,000 | 2,770,770 | (33,770 | ) | ||||||||||||||||||||||
Barclays Bank PLC | Australian Dollar | 1,739,561 | Sell | 07/13/12 | 1,785,000 | 1,798,517 | (13,517 | ) | ||||||||||||||||||||||
Barclays Bank PLC | Malaysian Ringgit | 41,794,386 | Sell | 05/18/12 | 13,764,000 | 13,792,089 | (28,089 | ) | ||||||||||||||||||||||
Barclays Bank PLC | Japanese Yen | 117,162,677 | Sell | 05/18/12 | 1,515,000 | 1,467,709 | 47,291 | |||||||||||||||||||||||
Barclays Bank PLC | Japanese Yen | 103,639,114 | Sell | 05/18/12 | 1,331,000 | 1,298,298 | 32,702 | |||||||||||||||||||||||
Barclays Bank PLC | Czech Koruna | 189,525,569 | Sell | 05/18/12 | 9,612,253 | 10,056,949 | (444,696 | ) | ||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 26,546 | Sell | 05/18/12 | 2,014 | 2,034 | (20 | ) | ||||||||||||||||||||||
Citigroup, Inc. | Swiss Franc | 910,312 | Sell | 07/13/12 | 987,850 | 1,003,896 | (16,046 | ) | ||||||||||||||||||||||
Citigroup, Inc. | Hungarian Forint | 3,112,251,601 | Sell | 07/13/12 | 13,422,491 | 14,211,708 | (789,217 | ) | ||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 8,271,139 | Sell | 05/18/12 | 10,992,385 | 10,949,263 | 43,122 | |||||||||||||||||||||||
Citigroup, Inc. | EU Euro | 5,690,931 | Sell | 05/18/12 | 7,562,707 | 7,533,606 | 29,101 | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 241,181,873 | Sell | 05/18/12 | 18,860,598 | 18,481,440 | 379,158 | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 74,057,998 | Sell | 05/18/12 | 5,787,347 | 5,674,964 | 112,383 | |||||||||||||||||||||||
Citigroup, Inc. | Mexican Peso | 19,831,647 | Sell | 05/18/12 | 1,495,000 | 1,519,672 | (24,672 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 589,725,837 | Sell | 05/18/12 | 7,293,000 | 7,387,556 | (94,556 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credit Suisse First Boston | Canadian Dollar | 2,937,201 | Sell | 05/18/12 | $ | 2,968,000 | $ | 2,972,154 | $ | (4,154 | ) | |||||||||||||||||||
Credit Suisse First Boston | Canadian Dollar | 5,042,062 | Sell | 05/18/12 | 5,083,000 | 5,102,062 | (19,062 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | 11,000,495 | Sell | 05/18/12 | 14,631,000 | 14,562,362 | 68,638 | |||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 549,451,333 | Sell | 05/18/12 | 6,730,000 | 6,883,033 | (153,033 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | EU Euro | 5,376,930 | Sell | 05/18/12 | 7,055,000 | 7,117,934 | (62,934 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | 12,773,983 | Sell | 07/13/12 | 1,895,000 | 1,894,877 | 123 | |||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 180,512,795 | Sell | 05/18/12 | 2,226,000 | 2,261,302 | (35,302 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | 21,430,525 | Sell | 07/13/12 | 3,183,000 | 3,178,978 | 4,022 | |||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | 11,716,246 | Sell | 07/13/12 | 1,731,000 | 1,737,974 | (6,974 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Norwegian Krone | 29,184,436 | Sell | 07/13/12 | 5,083,000 | 5,084,499 | (1,499 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Norwegian Krone | 15,757,402 | Sell | 07/13/12 | 2,729,000 | 2,745,247 | (16,247 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Swedish Krona | 11,702,739 | Sell | 07/13/12 | 1,730,000 | 1,735,970 | (5,970 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Swiss Franc | 3,113,965 | Sell | 07/13/12 | 3,408,000 | 3,434,096 | (26,096 | ) | ||||||||||||||||||||||
Credit Suisse First Boston | Japanese Yen | 241,065,390 | Sell | 05/18/12 | 3,165,000 | 3,019,851 | 145,149 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 4,541,309 | Sell | 05/18/12 | 5,995,000 | 6,011,746 | (16,746 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Turkish Lira | 26,434,200 | Sell | 05/18/12 | 14,754,966 | 14,987,172 | (232,206 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 3,028,294 | Sell | 05/18/12 | 3,038,000 | 3,064,330 | (26,330 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 245,389,184 | Sell | 05/18/12 | 3,021,000 | 3,074,016 | (53,016 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 754,932 | Sell | 05/18/12 | 996,000 | 999,373 | (3,373 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 252,235,163 | Sell | 05/18/12 | 3,121,000 | 3,159,776 | (38,776 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Russian Ruble | 217,552,500 | Sell | 05/18/12 | 7,325,000 | 7,381,799 | (56,799 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 10,922,202 | Sell | 05/18/12 | 14,568,000 | 14,458,717 | 109,283 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 10,904,069 | Sell | 05/18/12 | 14,568,000 | 14,434,714 | 133,286 | |||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 606,995,134 | Sell | 05/18/12 | 7,254,000 | 7,603,891 | (349,891 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 5,262,442 | Sell | 05/18/12 | 6,998,000 | 6,966,375 | 31,625 | |||||||||||||||||||||||
Deutsche Bank AG | Swiss Franc | 1,573,691 | Sell | 07/13/12 | 1,730,000 | 1,735,474 | (5,474 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Australian Dollar | 2,246,310 | Sell | 07/13/12 | 2,293,000 | 2,322,441 | (29,441 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 5,143,040 | Sell | 05/18/12 | 6,923,000 | 6,808,313 | 114,687 | |||||||||||||||||||||||
Deutsche Bank AG | Australian Dollar | 2,595,025 | Sell | 07/13/12 | 2,654,000 | 2,682,974 | (28,974 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Swedish Krona | 11,618,993 | Sell | 07/13/12 | 1,719,000 | 1,723,547 | (4,547 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Australian Dollar | 2,093,570 | Sell | 07/13/12 | 2,150,000 | 2,164,523 | (14,523 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Norwegian Krone | 16,876,971 | Sell | 07/13/12 | 2,924,000 | 2,940,298 | (16,298 | ) | ||||||||||||||||||||||
Deutsche Bank AG | New Zealand Dollar | 19,849,753 | Sell | 07/13/12 | 16,221,000 | 16,151,272 | 69,728 | |||||||||||||||||||||||
Deutsche Bank AG | South Korean Won | 13,188,909,180 | Sell | 07/13/12 | 11,530,783 | 11,611,516 | (80,733 | ) | ||||||||||||||||||||||
Deutsche Bank AG | South African Rand | 34,692,354 | Sell | 05/18/12 | 4,445,000 | 4,450,488 | (5,488 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 83,248,980 | Sell | 05/18/12 | 6,476,000 | 6,379,256 | 96,744 | |||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 182,402 | Sell | 05/18/12 | 239,765 | 241,462 | (1,697 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 10,335,375 | Sell | 05/18/12 | 13,633,000 | 13,681,881 | (48,881 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Canadian Dollar | 13,439,135 | Sell | 05/18/12 | 13,459,000 | 13,599,061 | (140,061 | ) | ||||||||||||||||||||||
Deutsche Bank AG | EU Euro | 7,668,555 | Sell | 05/18/12 | 10,033,000 | 10,151,567 | (118,567 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 41,315,020 | Sell | 05/18/12 | 3,154,276 | 3,165,914 | (11,638 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Colombian Peso | 29,881,540,000 | Sell | 05/18/12 | 16,360,000 | 16,910,979 | (550,979 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Japanese Yen | 392,171,551 | Sell | 05/18/12 | 5,148,000 | 4,912,773 | 235,227 | |||||||||||||||||||||||
Deutsche Bank AG | Israeli New Shekel | 15,711,168 | Sell | 05/18/12 | 4,128,000 | 4,169,180 | (41,180 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 194,299,380 | Sell | 05/18/12 | 14,598,000 | 14,888,898 | (290,898 | ) | ||||||||||||||||||||||
Deutsche Bank AG | South African Rand | 109,749,110 | Sell | 05/18/12 | 13,566,021 | 14,079,101 | (513,080 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Mexican Peso | 30,723,404 | Sell | 05/18/12 | 2,308,000 | 2,354,293 | (46,293 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Colombian Peso | 13,615,037,164 | Sell | 05/18/12 | 7,407,529 | 7,705,213 | (297,684 | ) | ||||||||||||||||||||||
Deutsche Bank AG | Taiwan New Dollar | 310,515,064 | Sell | 05/18/12 | 10,347,053 | 10,631,856 | (284,803 | ) | ||||||||||||||||||||||
Deutsche Bank AG | South African Rand | 83,727,846 | Sell | 05/18/12 | 10,034,016 | 10,740,978 | (706,962 | ) | ||||||||||||||||||||||
HSBC | South African Rand | 72,633,978 | Sell | 05/18/12 | 9,153,967 | 9,317,808 | (163,841 | ) | ||||||||||||||||||||||
HSBC | Russian Ruble | 200,368,000 | Sell | 05/18/12 | 6,760,282 | 6,798,710 | (38,428 | ) | ||||||||||||||||||||||
HSBC | Brazilian Real | 40,936,239 | Sell | 07/13/12 | 21,955,671 | 21,171,564 | 784,107 | |||||||||||||||||||||||
HSBC | Polish Zloty | 43,669,488 | Sell | 05/18/12 | 13,472,000 | 13,820,983 | (348,983 | ) | ||||||||||||||||||||||
HSBC | Peruvian Nuevo Sol | 141,428 | Sell | 05/18/12 | 52,197 | 53,557 | (1,360 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 10,992,583 | Sell | 05/18/12 | 14,573,967 | 14,551,888 | 22,079 | |||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 5,077,310 | Sell | 05/18/12 | 6,731,000 | 6,721,300 | 9,700 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | 252,440,440 | Sell | 05/18/12 | 3,100,000 | 3,162,347 | (62,347 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,086,390 | Sell | 05/18/12 | 14,565,000 | 14,676,068 | (111,068 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Turkish Lira | 23,544,734 | Sell | 05/18/12 | 13,075,475 | 13,348,956 | (273,481 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,073,772 | Sell | 05/18/12 | 14,542,000 | 14,659,365 | (117,365 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,170,951 | Sell | 05/18/12 | 14,673,000 | 14,788,010 | (115,010 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,247,529 | Sell | 05/18/12 | 14,708,000 | 14,889,383 | (181,383 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan Chase & Co. | Canadian Dollar | 3,782,103 | Sell | 05/18/12 | $ | 3,766,000 | $ | 3,827,111 | $ | (61,111 | ) | |||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 11,230,708 | Sell | 05/18/12 | 14,742,000 | 14,867,115 | (125,115 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | EU Euro | 10,953,344 | Sell | 05/18/12 | 14,555,000 | 14,499,942 | 55,058 | |||||||||||||||||||||||
JPMorgan Chase & Co. | Japanese Yen | 412,646,952 | Sell | 05/18/12 | 4,957,000 | 5,169,271 | (212,271 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Canadian Dollar | 822,797 | Sell | 05/18/12 | 829,000 | 832,589 | (3,589 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | 2,092,899 | Sell | 07/13/12 | 2,146,000 | 2,163,830 | (17,830 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | New Zealand Dollar | 5,987,356 | Sell | 07/13/12 | 4,869,840 | 4,871,769 | (1,929 | ) | ||||||||||||||||||||||
JPMorgan Chase & Co. | Australian Dollar | 15,521,409 | Sell | 07/13/12 | 15,907,317 | 16,047,447 | (140,130 | ) | ||||||||||||||||||||||
Morgan Stanley | EU Euro | 11,193,244 | Sell | 05/18/12 | 14,673,000 | 14,817,521 | (144,521 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 7,558,245 | Sell | 05/18/12 | 7,584,000 | 7,648,188 | (64,188 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 5,899,729 | Sell | 05/18/12 | 5,943,000 | 5,969,936 | (26,936 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 7,271,377 | Sell | 05/18/12 | 7,266,000 | 7,357,907 | (91,907 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 14,025,655 | Sell | 05/18/12 | 13,981,000 | 14,192,561 | (211,561 | ) | ||||||||||||||||||||||
Morgan Stanley | South Korean Won | 4,096,287,800 | Sell | 07/13/12 | 3,586,000 | 3,606,372 | (20,372 | ) | ||||||||||||||||||||||
Morgan Stanley | Canadian Dollar | 13,731,220 | Sell | 05/18/12 | 13,694,000 | 13,894,622 | (200,622 | ) | ||||||||||||||||||||||
Morgan Stanley | Mexican Peso | 106,369,776 | Sell | 05/18/12 | 8,292,000 | 8,150,972 | 141,028 | |||||||||||||||||||||||
Morgan Stanley | Taiwan New Dollar | 354,440,900 | Sell | 05/18/12 | 11,924,000 | 12,135,852 | (211,852 | ) | ||||||||||||||||||||||
UBS Warburg LLC | EU Euro | 11,240,710 | Sell | 05/18/12 | 14,742,000 | 14,880,356 | (138,356 | ) | ||||||||||||||||||||||
UBS Warburg LLC | EU Euro | 2,304,678 | Sell | 05/18/12 | 3,021,000 | 3,050,913 | (29,913 | ) | ||||||||||||||||||||||
UBS Warburg LLC | Swedish Krona | 19,360,893 | Sell | 07/13/12 | 2,872,000 | 2,871,972 | 28 | |||||||||||||||||||||||
UBS Warburg LLC | Swiss Franc | 1,566,897 | Sell | 07/13/12 | 1,725,000 | 1,727,982 | (2,982 | ) | ||||||||||||||||||||||
UBS Warburg LLC | Norwegian Krone | 46,415,635 | Sell | 07/13/12 | 8,058,000 | 8,086,510 | (28,510 | ) | ||||||||||||||||||||||
$ | (6,825,045 | ) |
Contract Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Contracts | ||||||||||||||||||
30-year German Government Bond | 144 | 06/07/12 | $ | 24,588,992 | $ | 525,464 | ||||||||||||
90-Day Eurodollar | 148 | 03/17/14 | 36,742,850 | 139,842 | ||||||||||||||
90-Day Eurodollar | 148 | 03/14/16 | 36,313,650 | 240,794 | ||||||||||||||
Australia 3-Year Bond | 3 | 06/15/12 | 339,391 | 593 | ||||||||||||||
Canada 10-Year Bond | 53 | 06/20/12 | 7,084,729 | 36,294 | ||||||||||||||
Euro-Bobl 5-Year | 2 | 06/07/12 | 331,718 | 3,527 | ||||||||||||||
Euro-Bund | 14 | 06/07/12 | 2,614,645 | 73,217 | ||||||||||||||
Long Gilt | 149 | 06/27/12 | 27,955,938 | 287,258 | ||||||||||||||
Short Gilt | 66 | 06/27/12 | 11,181,376 | (9,625 | ) | |||||||||||||
U.S. Treasury 10-Year Note | 66 | 06/20/12 | 8,730,563 | 59,523 | ||||||||||||||
U.S. Treasury Ultra Long Bond | 62 | 06/20/12 | 9,784,375 | 66,079 | ||||||||||||||
$ | 165,668,227 | $ | 1,422,966 | |||||||||||||||
Short Contracts | ||||||||||||||||||
90-Day Eurodollar | (296 | ) | 03/16/15 | $ | (73,108,300 | ) | $ | (415,416 | ) | |||||||||
Australia 10-Year Bond | (43 | ) | 06/15/12 | (5,368,380 | ) | (95,303 | ) | |||||||||||
Euro-Schatz | (287 | ) | 06/07/12 | (42,017,049 | ) | (101,729 | ) | |||||||||||
Medium Gilt | (55 | ) | 06/27/12 | (10,036,353 | ) | 13,213 | ||||||||||||
U.S. Treasury 2-Year Note | (11 | ) | 06/29/12 | (2,426,016 | ) | (543 | ) | |||||||||||
U.S. Treasury 5-Year Note | (190 | ) | 06/29/12 | (23,521,407 | ) | (297,148 | ) | |||||||||||
U.S. Treasury Long Bond | (257 | ) | 06/20/12 | (36,718,875 | ) | (319,674 | ) | |||||||||||
$ | (193,196,380 | ) | $ | (1,216,600 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Counterparty | Reference Entity/Obligation | Buy/Sell Protection | (Pay)/Receive Fixed Rate (%) | Termination Date | Notional Amount(2) | Fair Value(3) | Upfront Payments Paid/ (Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Deutsche Bank AG | CDX.EM.17 | Buy | (5.000) | 06/20/17 | USD 28,540,000 | $ | (3,309,717 | ) | $ | (3,146,982 | ) | $ | (162,735 | ) | ||||||||||||||||||||
$ | (3,309,717 | ) | $ | (3,146,982 | ) | $ | (162,735 | ) |
Counterparty | Reference Entity/Obligation | Buy/Sell Protection | (Pay)/Receive Fixed Rate (%) | Termination Date | Notional Amount(2) | Fair Value(3) | Upfront Payments Paid/ (Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Citigroup, Inc. | Republic of Turkey | Buy | (1.000) | 03/20/17 | USD 1,666,873 | $ | 96,962 | $ | 97,989 | $ | (1,027 | ) | ||||||||||||||||||||||
Deutsche Bank AG | United Mexican States | Buy | (1.000) | 03/20/17 | USD 13,722,342 | 83,562 | 222,404 | (138,842 | ) | |||||||||||||||||||||||||
$ | 180,524 | $ | 320,393 | $ | (139,869 | ) |
Counterparty | Reference Entity/Obligation | Buy/Sell Protection | (Pay)/Receive Fixed Rate (%) | Termination Date | Implied Credit Spread at 04/30/12 (%)(5) | Notional Amount(2) | Fair Value(3) | Upfront Payments Paid/ (Received) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Morgan Stanley | Federal Republic of Germany | Sell | 0.250 | 06/20/17 | 0.863 | USD 33,200,000 | $ | (1,013,514 | ) | $ | (866,281 | ) | $ | (147,233 | ) | |||||||||||||||||||||||
Deutsche Bank AG | Federative Republic of Brazil | Sell | 1.000 | 03/20/17 | 1.198 | USD 13,722,342 | (127,835 | ) | (234,954 | ) | 107,119 | |||||||||||||||||||||||||||
Morgan Stanley | Ireland | Sell | 1.000 | 03/20/17 | 5.719 | USD 8,233,000 | (1,498,977 | ) | (1,446,506 | ) | (52,471 | ) | ||||||||||||||||||||||||||
Citigroup, Inc. | Romania | Sell | 1.000 | 03/20/17 | 3.384 | USD 1,666,873 | (175,245 | ) | (159,840 | ) | (15,405 | ) | ||||||||||||||||||||||||||
$ | (2,815,571 | ) | $ | (2,707,581 | ) | $ | (107,990 | ) |
(1) | If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio 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 Portfolio 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 values 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 values, 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. |
(4) | If the Portfolio is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will generally either 1.) Pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or 2.) Pay 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 a referenced index. |
(5) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on corporate issues or sovereign issues are disclosed in each Portfolio’s Portfolio of Investment and 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. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. For credit default swaps on asset-backed securities or credit indices, the quoted market prices and resulting market values serve as the indicator of the current status of the payment/performance risk. Wider credit spreads and increasing fair values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Termination Date | Notional Amount | Fair Value | Upfront Payments Paid/(Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receive a floating rate based on the Brazil Cetip Interbank Deposit Rate Annualized and pay a fixed rate equal to 10.360% Counterparty: Bank of America | 01/02/17 | BRL 84,000,000 | $(642,104) | $ | — | $ | (642,104 | ) | ||||||||||||||
Receive a floating rate based on the Brazil Cetip Interbank Deposit Rate Annualized and pay a fixed rate equal to 10.365% Counterparty: Deutsche Bank AG | 01/02/17 | BRL 47,000,000 | (362,619) | — | (362,619 | ) | ||||||||||||||||
Receive a floating rate based on the Brazil Cetip Interbank Deposit Rate Annualized and pay a fixed rate equal to 10.360% Counterparty: Morgan Stanley | 01/02/17 | BRL 48,000,000 | (366,916) | — | (366,916 | ) | ||||||||||||||||
Receive a fixed rate equal to 2.538% and pay a floating rate based on the 3-month CAD-BA-CDOR Counterparty: Citigroup, Inc. | 04/24/22 | CAD 39,788,000 | (59,115) | — | (59,115 | ) | ||||||||||||||||
Receive a fixed rate equal to 4.750% and pay a floating rate based on the 6-month CLP-CHIBNOM Counterparty: Bank of America | 02/01/17 | CLP 7,250,000,000 | (470,904) | — | (470,904 | ) | ||||||||||||||||
Receive a fixed rate equal to 4.790% and pay a floating rate based on the 6-month CLP-CHIBNOM Counterparty: Bank of America | 02/02/17 | CLP 7,250,000,000 | (444,549) | — | (444,549 | ) | ||||||||||||||||
Receive a fixed rate equal to 4.830% and pay a floating rate based on the 6-month CLP-CHIBNOM Counterparty: Bank of America | 02/03/17 | CLP 7,250,000,000 | (418,189) | — | (418,189 | ) | ||||||||||||||||
Receive a floating rate based on the 6-month CZK-PRIBOR-PRBO and pay a fixed rate equal to 1.850% Counterparty: Bank of America | 03/23/17 | CZK 265,000,000 | (46,836) | — | (46,836 | ) | ||||||||||||||||
Receive a floating rate based on 6-month CZK-PRIBOR-PRBO and pay a fixed rate equal to 1.755% Counterparty: Deutsche Bank AG | 12/12/16 | CZK 288,000,000 | (1,141) | — | (1,141 | ) | ||||||||||||||||
Receive a floating rate based on 3-month ILS-TELBOR01-Reuters and pay a fixed rate equal to 2.66% Counterparty: Deutsche Bank AG | 02/13/14 | ILS 126,000,000 | 142,315 | — | 142,315 | |||||||||||||||||
Receive a fixed rate equal to 4.350% and pay a floating rate based on the 3-month ILS-TELBOR01-Reuters Counterparty: Deutsche Bank AG | 02/13/22 | ILS 29,500,000 | (339,524) | — | (339,524 | ) | ||||||||||||||||
Receive a fixed rate equal to 7.530% and pay a floating rate based on the INR-MIBOR-OIS-COMPOUND Counterparty: Credit Suisse First Boston | 02/24/17 | INR 800,000,000 | (126,157) | — | (126,157 | ) | ||||||||||||||||
Receive a floating rate based on the 3-month KRW-CD-KSDA-Bloomberg and pay a fixed rate equal to 3.665% Counterparty: Bank of America | 04/05/17 | KRW 17,000,000,000 | (117,706) | — | (117,706 | ) | ||||||||||||||||
Receive a floating rate based on the 3-month KRW-CD-KSDA-Bloomberg and pay a fixed rate equal to 3.660% Counterparty: Credit Suisse First Boston | 03/26/17 | KRW 17,000,000,000 | (114,371) | — | (114,371 | ) | ||||||||||||||||
Receive a fixed rate equal to 4.860% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Bank of America | 04/30/14 | MXN 465,000,000 | (8,680) | — | (8,680 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Termination Date | Notional Amount | Fair Value | Upfront Payments Paid/(Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 5.680% Counterparty: Bank of America | 03/27/17 | MXN 219,000,000 | $(145,209 | ) | $ | — | $ | (145,209 | ) | |||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 6.520% Counterparty: Citigroup, Inc. | 03/30/22 | MXN 111,000,000 | (73,576 | ) | — | (73,576 | ) | |||||||||||||||
Receive a fixed rate equal to 4.660% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Credit Suisse First Boston | 04/22/14 | MXN 230,000,000 | (70,856 | ) | — | (70,856 | ) | |||||||||||||||
Receive a fixed rate equal to 4.900% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Credit Suisse First Boston | 04/30/14 | MXN 465,000,000 | 19,194 | — | 19,194 | |||||||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 5.380% Counterparty: Credit Suisse First Boston | 04/18/17 | MXN 200,000,000 | 88,173 | — | 88,173 | |||||||||||||||||
Receive a fixed rate equal to 6.370% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Credit Suisse First Boston | 04/12/22 | MXN 57,000,000 | (17,158 | ) | — | (17,158 | ) | |||||||||||||||
Receive a fixed rate equal to 4.830% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Deutsche Bank AG | 08/09/13 | MXN 165,116,773 | 9,004 | — | 9,004 | |||||||||||||||||
Receive a fixed rate equal to 4.830% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Deutsche Bank AG | 04/28/14 | MXN 450,000,000 | (27,019 | ) | — | (27,019 | ) | |||||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 5.580% Counterparty: Deutsche Bank AG | 08/05/16 | MXN 144,477,176 | (102,516 | ) | — | (102,516 | ) | |||||||||||||||
Receive a fixed rate equal to 6.480% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Deutsche Bank AG | 07/30/21 | MXN 41,279,193 | 37,754 | — | 37,754 | |||||||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 6.520% Counterparty: Deutsche Bank AG | 03/30/22 | MXN 112,000,000 | (74,239 | ) | — | (74,239 | ) | |||||||||||||||
Receive a fixed rate equal to 4.660% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Morgan Stanley | 04/22/14 | MXN 230,000,000 | (70,856 | ) | — | (70,856 | ) | |||||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 5.370% Counterparty: Morgan Stanley | 04/18/17 | MXN 195,000,000 | 92,851 | — | 92,851 | |||||||||||||||||
Receive a floating rate based on the 28-day MXN-TIIE-BANXICO and pay a fixed rate equal to 6.650% Counterparty: Morgan Stanley | 03/28/22 | MXN 110,000,000 | (163,853 | ) | — | (163,853 | ) | |||||||||||||||
Receive a fixed rate equal to 6.350% and pay a floating rate based on the 28-day MXN-TIIE-BANXICO Counterparty: Morgan Stanley | 04/12/22 | MXN 57,000,000 | (24,300 | ) | — | (24,300 | ) | |||||||||||||||
Receive a fixed rate equal to 4.830% and pay a floating rate based on the 6-month PLN-WIBOR-WIBO Counterparty: Bank of America | 01/16/14 | PLN 121,000,000 | (96,718 | ) | — | (96,718 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Termination Date | Notional Amount | Fair Value | Upfront Payments Paid/(Received) | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receive a fixed rate equal to 4.850% and pay a floating rate based on the 6-month PLN-WIBOR-WIBO Counterparty: Bank of America | 01/30/14 | PLN 115,000,000 | $(76,995 | ) | $ | — | $ | (76,995 | ) | |||||||||||||
Receive a floating rate based on 6-month PLZ-WIBOR-WIBO and pay a fixed rate equal to 5.095% Counterparty: Bank of America | 12/01/16 | PLN 48,500,000 | (105,703 | ) | — | (105,703 | ) | |||||||||||||||
Receive a floating rate based on the 6-month PLN-WIBOR-WIBO and pay a fixed rate equal to 4.860% Counterparty: Bank of America | 01/16/17 | PLN 52,000,000 | 46,939 | — | 46,939 | |||||||||||||||||
Receive a fixed rate equal to 2.190% and pay a floating rate based on the 3-month SEK-STIBOR-SIDE Counterparty: Credit Suisse First Boston | 04/23/17 | SEK 261,600,000 | (9,218 | ) | — | (9,218 | ) | |||||||||||||||
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 3.478% Counterparty: Citigroup, Inc. | 05/11/20 | USD 10,271,000 | (1,363,602 | ) | — | (1,363,602 | ) | |||||||||||||||
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 3.444% Counterparty: Credit Suisse First Boston | 12/24/20 | USD 45,000,000 | (5,886,160 | ) | — | (5,886,160 | ) | |||||||||||||||
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.083% Counterparty: Deutsche Bank AG | 04/26/22 | USD 39,788,000 | (211,540 | ) | — | (211,540 | ) | |||||||||||||||
Receive a fixed rate equal to 2.788% and pay a floating rate based on the 3-month USD-LIBOR-BBA Counterparty: Morgan Stanley | 03/16/20 | USD 73,700,000 | 1,444,011 | — | 1,444,011 | |||||||||||||||||
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 3.453% Counterparty: Morgan Stanley | 03/16/45 | USD 29,000,000 | (1,759,400 | ) | — | (1,759,400 | ) | |||||||||||||||
Receive a fixed rate equal to 7.550% and pay a floating rate based on the 3-month ZAR-JIBAR-SAFEX Counterparty: Deutsche Bank AG | 04/24/22 | ZAR 79,500,000 | 7,500 | — | 7,500 | |||||||||||||||||
Receive a fixed rate equal to 6.820% and pay a floating rate based on the 3-month ZAR-JIBAR-SAFEX Counterparty: Morgan Stanley | 11/16/16 | ZAR 127,000,000 | 88,003 | — | 88,003 | |||||||||||||||||
Receive a fixed rate equal to 6.670% and pay a floating rate based on the 3-month ZAR-JIBAR-SAFEX Counterparty: Morgan Stanley | 01/30/17 | ZAR 122,000,000 | (40,571 | ) | — | (40,571 | ) | |||||||||||||||
Receive a fixed rate equal to 6.680% and pay a floating rate based on the 3-month ZAR-JIBAR-SAFEX Counterparty: Morgan Stanley | 02/06/17 | ZAR 119,000,000 | (37,127 | ) | — | (37,127 | ) | |||||||||||||||
Receive a fixed rate equal to 6.690% and pay a floating rate based on the 3-month ZAR-JIBAR-SAFEX Counterparty: UBS Warburg LLC | 02/06/17 | ZAR 126,000,000 | (32,598 | ) | — | (32,598 | ) | |||||||||||||||
$(11,932,281 | ) | $ | — | $ | (11,932,281 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Description | Counterparty | Floating Rate Index/Underlying Reference Entity | Pay/ Receive Floating | Strike Price | Expiration Date | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Put OTC Swaption | Morgan Stanley | CDX.NA.HY.18 | Pay | 89.000% | 06/20/17 | USD 27,975,000 | $ | 475,580 | $ | (335,805 | ) | |||||||||||||||||||||||
$ | 475,580 | $ | (335,805 | ) |
# of Contracts | Counterparty | Description | Exercise Price | Expiration Date | Premiums Received | Fair Value | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Options On Currencies | |||||||||||||||||||||||||||
14,500,000 | Deutsche Bank AG | JPY Put vs. USD Call Currency Option | 1.990 USD | 06/21/12 | $ | 147,755 | $ | (124,107 | ) | ||||||||||||||||||
36,400,000 | Barclays Bank PLC | USD Put vs. EUR Call Currency Option | 1.340 USD | 05/25/12 | 155,064 | (129,372 | ) | ||||||||||||||||||||
16,000,000 | Deutsche Bank AG | USD Put vs. JPY Call Currency Option | 75.000 USD | 07/03/12 | 322,400 | (15,914 | ) | ||||||||||||||||||||
Total Written OTC Options | $ | 625,219 | $ | (269,393 | ) |
Description | Counterparty | Floating Rate Index/Underlying Reference Entity | Pay/ Receive Floating | Exercise Rate | Expiration Date | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Put OTC Swaption | Citigroup, Inc. | 3-month USD-LIBOR-BBA | Pay | 2.648% | 07/09/12 | USD 79,600,000 | $ | 398,000 | $ | (128,200 | ) | |||||||||||||||||||||||
Total Written Swaptions | $ | 398,000 | $ | (128,200 | ) |
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset Derivatives | ||||||||||
Credit contracts | Investments in securities at value* | $ | 700,836 | |||||||
Foreign exchange contracts | Investments in securities at value* | 569,959 | ||||||||
Interest rate contracts | Investments in securities at value* | 170,280 | ||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 14,005,491 | ||||||||
Credit contracts | Upfront payments paid on OTC swap agreements | 320,393 | ||||||||
Credit contracts | Unrealized appreciation on OTC swap agreements | 107,119 | ||||||||
Interest rate contracts | Unrealized appreciation on OTC swap agreements | 1,975,744 | ||||||||
Interest rate contracts | Net Assets- Unrealized appreciation** | 1,445,804 | ||||||||
Total Asset Derivatives | $ | 19,295,626 | ||||||||
Liability Derivatives | ||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 14,729,043 | |||||||
Credit contracts | Upfront payments received on OTC swap agreements | 5,854,563 | ||||||||
Credit contracts | Unrealized depreciation on OTC swap agreements | 517,713 | ||||||||
Interest rate contracts | Unrealized depreciation on OTC swap agreements | 13,908,025 | ||||||||
Interest rate contracts | Net Assets- Unrealized depreciation** | 1,239,438 | ||||||||
Credit contracts | Written options, at fair value | 335,805 | ||||||||
Foreign exchange contracts | Written options, at fair value | 269,393 | ||||||||
Interest rate contracts | Written options, at fair value | 128,200 | ||||||||
Total Liability Derivatives | $ | 36,982,180 |
* | Includes purchased options. |
** | Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Summary Portfolio of Investments. |
AS OF APRIL 30, 2012 (UNAUDITED) (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 | $ | (245,078 | ) | $ | — | $ | — | $ | 596,508 | $ | 193,349 | $ | 544,779 | ||||||||||||||
Foreign exchange contracts | (506,558 | ) | (7,055,539 | ) | — | — | 1,885,453 | (5,676,644 | ) | ||||||||||||||||||
Interest rate contracts | (56,350 | ) | — | 3,105,385 | (5,139,880 | ) | 66,916 | (2,023,929 | ) | ||||||||||||||||||
Total | $ | (807,986 | ) | $ | (7,055,539 | ) | $ | 3,105,385 | $ | (4,543,372 | ) | $ | 2,145,718 | $ | (7,155,794 | ) |
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 | $ | (243,851 | ) | $ | — | $ | — | $ | (410,594 | ) | $ | 139,775 | $ | (514,670 | ) | ||||||||||||
Foreign exchange contracts | (85,919 | ) | (212,147 | ) | — | — | 84,667 | (213,399 | ) | ||||||||||||||||||
Interest rate contracts | (227,720 | ) | — | (396,273 | ) | (1,639,672 | ) | 269,800 | (1,993,865 | ) | |||||||||||||||||
Total | $ | (557,490 | ) | $ | (212,147 | ) | $ | (396,273 | ) | $ | (2,050,266 | ) | $ | 494,242 | $ | (2,721,934 | ) |
* | 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. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 96.6% | |||||||||||||||||||
Australia: 3.0% | |||||||||||||||||||
99,981 | Amcor Ltd. | $ | 780,342 | 1.0 | |||||||||||||||
190,234 | Other Securities | 1,565,824 | 2.0 | ||||||||||||||||
2,346,166 | 3.0 | ||||||||||||||||||
Brazil: 0.5% | |||||||||||||||||||
16,513 | Other Securities | 365,928 | 0.5 | ||||||||||||||||
Canada: 4.4% | |||||||||||||||||||
10,400 | Canadian Imperial Bank of Commerce | 784,646 | 1.0 | ||||||||||||||||
38,058 | Shaw Communications, Inc. — Class B | 784,391 | 1.0 | ||||||||||||||||
18,119 | TransCanada Corp. | 797,137 | 1.1 | ||||||||||||||||
20,390 | Other Securities | 985,603 | 1.3 | ||||||||||||||||
3,351,777 | 4.4 | ||||||||||||||||||
France: 7.6% | |||||||||||||||||||
18,615 | Cie de Saint-Gobain | 781,557 | 1.0 | ||||||||||||||||
45,771 | Gaz de France | 1,053,841 | 1.4 | ||||||||||||||||
10,343 | Sanofi-Aventis | 790,015 | 1.0 | ||||||||||||||||
16,161 | Vinci S.A. | 749,553 | 1.0 | ||||||||||||||||
66,612 | Other Securities | 2,491,653 | 3.2 | ||||||||||||||||
5,866,619 | 7.6 | ||||||||||||||||||
Germany: 5.8% | |||||||||||||||||||
17,401 | Bayer AG | 1,226,139 | 1.6 | ||||||||||||||||
40,008 | Deutsche Post AG | 747,105 | 0.9 | ||||||||||||||||
111,738 | Other Securities (a) | 2,520,868 | 3.3 | ||||||||||||||||
4,494,112 | 5.8 | ||||||||||||||||||
Hong Kong: 1.0% | |||||||||||||||||||
13,414 | China Mobile Ltd. ADR | 742,331 | 1.0 | ||||||||||||||||
Israel: 0.8% | |||||||||||||||||||
55,401 | Other Securities | 633,722 | 0.8 | ||||||||||||||||
Italy: 0.5% | |||||||||||||||||||
242,906 | Other Securities | 368,209 | 0.5 | ||||||||||||||||
Japan: 9.1% | |||||||||||||||||||
19,400 | Astellas Pharma, Inc. | 786,778 | 1.0 | ||||||||||||||||
49,600 | Mitsui & Co., Ltd. | 774,534 | 1.0 | ||||||||||||||||
346,635 | Other Securities | 5,405,210 | 7.1 | ||||||||||||||||
6,966,522 | 9.1 | ||||||||||||||||||
Luxembourg: 0.9% | |||||||||||||||||||
38,947 | Other Securities | 676,584 | 0.9 | ||||||||||||||||
Netherlands: 2.6% | |||||||||||||||||||
32,744 | Royal Dutch Shell PLC | 1,167,838 | 1.5 | ||||||||||||||||
58,784 | Other Securities | 831,938 | 1.1 | ||||||||||||||||
1,999,776 | 2.6 | ||||||||||||||||||
Portugal: 0.4% | |||||||||||||||||||
120,668 | Other Securities | 345,074 | 0.4 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Singapore: 2.1% | |||||||||||||||||||
313,000 | Singapore Telecommunications Ltd. | $ | 787,342 | 1.0 | |||||||||||||||
53,000 | United Overseas Bank Ltd. | 822,316 | 1.1 | ||||||||||||||||
1,609,658 | 2.1 | ||||||||||||||||||
South Korea: 0.5% | |||||||||||||||||||
11,910 | Other Securities | 380,570 | 0.5 | ||||||||||||||||
Sweden: 1.5% | |||||||||||||||||||
119,320 | @ | Telefonaktiebolaget LM Ericsson | 1,182,875 | 1.5 | |||||||||||||||
Switzerland: 4.1% | |||||||||||||||||||
20,168 | Novartis AG | 1,113,601 | 1.5 | ||||||||||||||||
4,235 | Roche Holding AG — Genusschein | 773,991 | 1.0 | ||||||||||||||||
3,266 | @ | Zurich Financial Services AG | 800,180 | 1.0 | |||||||||||||||
20,704 | Other Securities | 495,217 | 0.6 | ||||||||||||||||
3,182,989 | 4.1 | ||||||||||||||||||
Taiwan: 1.1% | |||||||||||||||||||
52,349 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 815,597 | 1.1 | ||||||||||||||||
United Kingdom: 12.1% | |||||||||||||||||||
108,413 | BP PLC | 783,188 | 1.0 | ||||||||||||||||
15,100 | Ensco International PLC ADR | 825,215 | 1.1 | ||||||||||||||||
87,620 | HSBC Holdings PLC | 790,962 | 1.0 | ||||||||||||||||
19,338 | Imperial Tobacco Group PLC | 773,336 | 1.0 | ||||||||||||||||
66,776 | Prudential PLC | 818,402 | 1.0 | ||||||||||||||||
13,056 | Reckitt Benckiser PLC | 760,035 | 1.0 | ||||||||||||||||
91,063 | Reed Elsevier PLC | 753,553 | 1.0 | ||||||||||||||||
528,403 | Other Securities | 3,827,006 | 5.0 | ||||||||||||||||
9,331,697 | 12.1 | ||||||||||||||||||
United States: 38.6% | |||||||||||||||||||
12,278 | Abbott Laboratories | 761,973 | 1.0 | ||||||||||||||||
77,600 | Arch Coal, Inc. | 757,376 | 1.0 | ||||||||||||||||
25,498 | AT&T, Inc. | 839,139 | 1.1 | ||||||||||||||||
23,100 | Bristol-Myers Squibb Co. | 770,847 | 1.0 | ||||||||||||||||
24,746 | Carnival Corp. | 803,998 | 1.0 | ||||||||||||||||
20,400 | CenturyTel, Inc. | 786,624 | 1.0 | ||||||||||||||||
11,400 | Chevron Corp. | 1,214,784 | 1.6 | ||||||||||||||||
14,000 | ExxonMobil Corp. | 1,208,760 | 1.6 | ||||||||||||||||
19,927 | Freeport-McMoRan Copper & Gold, Inc. | 763,204 | 1.0 | ||||||||||||||||
58,461 | General Electric Co. | 1,144,666 | 1.5 | ||||||||||||||||
33,800 | Hewlett-Packard Co. | 836,888 | 1.1 | ||||||||||||||||
21,381 | Kraft Foods, Inc. | 852,460 | 1.1 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
35,525 | Microsoft Corp. | $ | 1,137,511 | 1.5 | |||||||||||||||
12,794 | PepsiCo, Inc. | 844,404 | 1.1 | ||||||||||||||||
33,547 | Pfizer, Inc. | 769,233 | 1.0 | ||||||||||||||||
45,611 | L | Pitney Bowes, Inc. | 781,316 | 1.0 | |||||||||||||||
28,342 | PPL Corp. | 775,154 | 1.0 | ||||||||||||||||
19,300 | St. Jude Medical, Inc. | 747,296 | 1.0 | ||||||||||||||||
13,500 | Tyco International Ltd. | 757,755 | 1.0 | ||||||||||||||||
28,700 | UGI Corp. | 837,466 | 1.1 | ||||||||||||||||
13,800 | United Technologies Corp. | 1,126,632 | 1.4 | ||||||||||||||||
22,258 | Wells Fargo & Co. | 744,085 | 1.0 | ||||||||||||||||
304,012 | Other Securities | 10,415,258 | 13.5 | ||||||||||||||||
29,676,829 | 38.6 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $72,375,869) | 74,337,035 | 96.6 |
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.5% | |||||||||||||||||||
Securities Lending Collateralcc(1): 1.5% | |||||||||||||||||||
132,312 | Citigroup, Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $132,313, collateralized by various U.S. Government Agency Obligations, 3.500%–5.500%, Market Value plus accrued interest $134,958, due 04/15/24–05/01/42) | 132,312 | 0.2 | ||||||||||||||||
1,000,000 | Merrill Lynch & Co., Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 4.000%, Market Value plus accrued interest $1,020,000, due 08/15/41–12/20/41) | 1,000,000 | 1.3 | ||||||||||||||||
1,132,312 | 1.5 | ||||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $1,132,312) | 1,132,312 | 1.5 | |||||||||||||||||
Total Investments in Securities (Cost $73,508,181) | $ | 75,469,347 | 98.1 | ||||||||||||||||
Assets in Excess of Other Liabilities | 1,481,939 | 1.9 | |||||||||||||||||
Net Assets | $ | 76,951,286 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $74,121,686. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 5,591,623 | ||||
Gross Unrealized Depreciation | (4,243,962 | ) | ||||
Net Unrealized Appreciation | $ | 1,347,661 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 8.5 | % | ||||
Consumer Staples | 7.7 | |||||
Energy | 11.2 | |||||
Financials | 17.9 | |||||
Health Care | 11.3 | |||||
Industrials | 12.4 | |||||
Information Technology | 8.6 | |||||
Materials | 7.0 | |||||
Telecommunications | 6.3 | |||||
Utilities | 5.7 | |||||
Short-Term Investments | 1.5 | |||||
Assets in Excess of Other Liabilities | 1.9 | |||||
Net Assets | 100.0 | % |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 2,346,166 | $ | — | $ | 2,346,166 | ||||||||||
Brazil | 365,928 | — | — | 365,928 | ||||||||||||||
Canada | 3,351,777 | — | — | 3,351,777 | ||||||||||||||
France | — | 5,866,619 | — | 5,866,619 | ||||||||||||||
Germany | — | 4,494,112 | — | 4,494,112 | ||||||||||||||
Hong Kong | 742,331 | — | — | 742,331 | ||||||||||||||
Israel | — | 633,722 | — | 633,722 | ||||||||||||||
Italy | — | 368,209 | — | 368,209 | ||||||||||||||
Japan | — | 6,966,522 | — | 6,966,522 | ||||||||||||||
Luxembourg | — | 676,584 | — | 676,584 | ||||||||||||||
Netherlands | — | 1,999,776 | — | 1,999,776 | ||||||||||||||
Portugal | — | 345,074 | — | 345,074 | ||||||||||||||
Singapore | — | 1,609,658 | �� | — | 1,609,658 | |||||||||||||
South Korea | — | 380,570 | — | 380,570 | ||||||||||||||
Sweden | — | 1,182,875 | — | 1,182,875 | ||||||||||||||
Switzerland | 495,217 | 2,687,772 | — | 3,182,989 | ||||||||||||||
Taiwan | 815,597 | — | — | 815,597 | ||||||||||||||
United Kingdom | 825,215 | 8,506,482 | — | 9,331,697 | ||||||||||||||
United States | 29,676,829 | — | — | 29,676,829 | ||||||||||||||
Total Common Stock | 36,272,894 | 38,064,141 | — | 74,337,035 | ||||||||||||||
Short-Term Investments | — | 1,132,312 | — | 1,132,312 | ||||||||||||||
Total Investments, at value | $ | 36,272,894 | $ | 39,196,453 | $ | — | $ | 75,469,347 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.2% | |||||||||||||||||||
Canada: 6.9% | |||||||||||||||||||
26,900 | Centerra Gold, Inc. | $ | 348,283 | 0.3 | |||||||||||||||
41,508 | GoldCorp, Inc. | 1,588,096 | 1.5 | ||||||||||||||||
53,300 | @ | Harry Winston Diamond Corp. | 760,773 | 0.7 | |||||||||||||||
138,500 | @ | Lundin Mining Corp. | 672,977 | 0.6 | |||||||||||||||
75,829 | Teck Cominco Ltd. — Class B | 2,830,696 | 2.7 | ||||||||||||||||
34,917 | @ | Thompson Creek Metals Co., Inc. | 207,058 | 0.2 | |||||||||||||||
66,189 | Trican Well Services Ltd. | 957,474 | 0.9 | ||||||||||||||||
7,365,357 | 6.9 | ||||||||||||||||||
France: 1.3% | |||||||||||||||||||
12,202 | Technip S.A. | 1,385,660 | 1.3 | ||||||||||||||||
Netherlands: 3.3% | |||||||||||||||||||
49,373 | Royal Dutch Shell PLC — Class A ADR | 3,532,145 | 3.3 | ||||||||||||||||
Norway: 2.6% | |||||||||||||||||||
105,200 | Statoil ASA ADR | 2,830,932 | 2.6 | ||||||||||||||||
United Kingdom: 5.5% | |||||||||||||||||||
31,800 | Antofagasta PLC | 612,370 | 0.6 | ||||||||||||||||
83,301 | BG Group PLC | 1,965,506 | 1.8 | ||||||||||||||||
40,965 | Ensco International PLC ADR | 2,238,737 | 2.1 | ||||||||||||||||
11,800 | Randgold Resources Ltd. ADR | 1,051,970 | 1.0 | ||||||||||||||||
5,868,583 | 5.5 | ||||||||||||||||||
United States: 78.6% | |||||||||||||||||||
45,300 | Anadarko Petroleum Corp. | 3,316,413 | 3.1 | ||||||||||||||||
117,009 | Arch Coal, Inc. | 1,142,008 | 1.1 | ||||||||||||||||
73,000 | @ | Basic Energy Services, Inc. | 1,051,200 | 1.0 | |||||||||||||||
65,500 | @ | Cameron International Corp. | 3,356,875 | 3.1 | |||||||||||||||
72,767 | Chevron Corp. | 7,754,052 | 7.2 | ||||||||||||||||
28,080 | Cimarex Energy Co. | 1,940,609 | 1.8 | ||||||||||||||||
35,000 | Cliffs Natural Resources, Inc. | 2,179,100 | 2.0 | ||||||||||||||||
31,500 | ConocoPhillips | 2,256,345 | 2.1 | ||||||||||||||||
38,900 | Devon Energy Corp. | 2,717,165 | 2.5 | ||||||||||||||||
17,300 | Domtar Corp. | 1,513,404 | 1.4 | ||||||||||||||||
44,700 | @ | Energy XXI Bermuda Ltd. | 1,684,296 | 1.6 | |||||||||||||||
32,200 | EOG Resources, Inc. | 3,535,882 | 3.3 | ||||||||||||||||
38,200 | EQT Corp. | 1,903,124 | 1.8 | ||||||||||||||||
117,564 | ExxonMobil Corp. | 10,150,476 | 9.4 | ||||||||||||||||
15,100 | @ | Forum Energy Technologies, Inc. | 349,112 | 0.3 | |||||||||||||||
114,200 | Freeport-McMoRan Copper & Gold, Inc. | 4,373,860 | 4.1 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
United States: (continued) | |||||||||||||||||||
59,700 | @ | FX Energy, Inc. | $ | 339,096 | 0.3 | ||||||||||||||
134,128 | Halliburton Co. | 4,589,860 | 4.3 | ||||||||||||||||
18,300 | Hess Corp. | 954,162 | 0.9 | ||||||||||||||||
106,900 | @ | Key Energy Services, Inc. | 1,353,354 | 1.3 | |||||||||||||||
19,900 | @ | Laredo Petroleum Holdings, Inc. | 525,758 | 0.5 | |||||||||||||||
14,200 | Marathon Oil Corp. | 416,628 | 0.4 | ||||||||||||||||
18,700 | Mosaic Co/The | 987,734 | 0.9 | ||||||||||||||||
20,300 | Murphy Oil Corp. | 1,115,891 | 1.0 | ||||||||||||||||
62,978 | National Oilwell Varco, Inc. | 4,771,213 | 4.4 | ||||||||||||||||
41,100 | @ | Newfield Exploration Co. | 1,475,490 | 1.4 | |||||||||||||||
65,100 | Newmont Mining Corp. | 3,102,015 | 2.9 | ||||||||||||||||
11,900 | Occidental Petroleum Corp. | 1,085,518 | 1.0 | ||||||||||||||||
28,900 | Patterson-UTI Energy, Inc. | 467,313 | 0.4 | ||||||||||||||||
44,500 | Range Resources Corp. | 2,966,370 | 2.8 | ||||||||||||||||
84,300 | @ | Rowan Cos., Inc. | 2,910,879 | 2.7 | |||||||||||||||
56,260 | Schlumberger Ltd. | 4,171,116 | 3.9 | ||||||||||||||||
74,300 | @ | Southwestern Energy Co. | 2,346,394 | 2.2 | |||||||||||||||
37,500 | @ | Unit Corp. | 1,584,375 | 1.5 | |||||||||||||||
84,387,087 | 78.6 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $93,782,189) | 105,369,764 | 98.2 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.1% | |||||||||||||||||||
Mutual Funds: 1.1% | |||||||||||||||||||
1,179,000 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $1,179,000) | 1,179,000 | 1.1 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $1,179,000) | 1,179,000 | 1.1 | |||||||||||||||||
Total Investments in Securities (Cost $94,961,189) | $ | 106,548,764 | 99.3 | ||||||||||||||||
Assets in Excess of Other Liabilities | 773,192 | 0.7 | |||||||||||||||||
Net Assets | $ | 107,321,956 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
Cost for federal income tax purposes is $96,838,668. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 15,917,411 | ||||
Gross Unrealized Depreciation | (6,207,315 | ) | ||||
Net Unrealized Appreciation | $ | 9,710,096 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Energy | 79.3 | % | ||||
Materials | 18.9 | |||||
Short-Term Investments | 1.1 | |||||
Assets in Excess of Other Liabilities | 0.7 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Canada | $ | 7,365,357 | $ | — | $ | — | $ | 7,365,357 | ||||||||||
France | — | 1,385,660 | — | 1,385,660 | ||||||||||||||
Netherlands | 3,532,145 | — | — | 3,532,145 | ||||||||||||||
Norway | 2,830,932 | — | — | 2,830,932 | ||||||||||||||
United Kingdom | 2,238,737 | 3,629,846 | — | 5,868,583 | ||||||||||||||
United States | 84,387,087 | — | — | 84,387,087 | ||||||||||||||
Total Common Stock | 100,354,258 | 5,015,506 | — | 105,369,764 | ||||||||||||||
Short-Term Investments | 1,179,000 | — | — | 1,179,000 | ||||||||||||||
Total Investments, at value | $ | 101,533,258 | $ | 5,015,506 | $ | — | $ | 106,548,764 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.3% | |||||||||||||||||||
Brazil: 1.4% | |||||||||||||||||||
108,020 | Other Securities | $ | 801,597 | 1.4 | |||||||||||||||
Cambodia: 0.3% | |||||||||||||||||||
386,000 | Other Securities | 179,153 | 0.3 | ||||||||||||||||
Canada: 1.8% | |||||||||||||||||||
21,500 | Suncor Energy, Inc. | 710,174 | 1.2 | ||||||||||||||||
24,600 | Other Securities | 321,741 | 0.6 | ||||||||||||||||
1,031,915 | 1.8 | ||||||||||||||||||
China: 7.7% | |||||||||||||||||||
493,000 | @ | China Communications Construction Co., Ltd. | 491,226 | 0.9 | |||||||||||||||
175,000 | China Resources Enterprise | 633,444 | 1.1 | ||||||||||||||||
2,452,375 | Other Securities(a) | 3,258,863 | 5.7 | ||||||||||||||||
4,383,533 | 7.7 | ||||||||||||||||||
Denmark: 1.0% | |||||||||||||||||||
3,842 | Novo-Nordisk A/S | 566,399 | 1.0 | ||||||||||||||||
France: 3.7% | |||||||||||||||||||
4,673 | LVMH Moet Hennessy Louis Vuitton S.A. | 775,229 | 1.4 | ||||||||||||||||
11,538 | Vinci S.A. | 535,136 | 0.9 | ||||||||||||||||
42,344 | Other Securities | 815,216 | 1.4 | ||||||||||||||||
2,125,581 | 3.7 | ||||||||||||||||||
Germany: 1.8% | |||||||||||||||||||
8,010 | Bayer AG | 564,415 | 1.0 | ||||||||||||||||
23,828 | Other Securities(a) | 435,364 | 0.8 | ||||||||||||||||
999,779 | 1.8 | ||||||||||||||||||
Hong Kong: 1.6% | |||||||||||||||||||
1,364,000 | Hengdeli Holdings Ltd. | 543,501 | 0.9 | ||||||||||||||||
223,000 | Other Securities | 397,513 | 0.7 | ||||||||||||||||
941,014 | 1.6 | ||||||||||||||||||
India: 2.1% | |||||||||||||||||||
135,000 | ITC Ltd. | 628,224 | 1.1 | ||||||||||||||||
136,322 | Other Securities | 558,435 | 1.0 | ||||||||||||||||
1,186,659 | 2.1 | ||||||||||||||||||
Indonesia: 2.5% | |||||||||||||||||||
92,753 | Astra International Tbk PT | 714,270 | 1.3 | ||||||||||||||||
859,828 | Bank Mandiri Persero TBK PT | 689,539 | 1.2 | ||||||||||||||||
1,403,809 | 2.5 | ||||||||||||||||||
Ireland: 0.9% | |||||||||||||||||||
11,500 | Ingersoll-Rand PLC | 488,980 | 0.9 | ||||||||||||||||
Italy: 0.9% | |||||||||||||||||||
43,000 | Fiat Industrial SpA | 488,139 | 0.9 | ||||||||||||||||
Japan: 6.0% | |||||||||||||||||||
13,728 | Honda Motor Co., Ltd. | 494,060 | 0.9 | ||||||||||||||||
166,669 | Other Securities | 2,916,495 | 5.1 | ||||||||||||||||
3,410,555 | 6.0 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Malaysia: 0.5% | |||||||||||||||||||
259,900 | Other Securities | $ | 285,147 | 0.5 | |||||||||||||||
Netherlands: 6.3% | |||||||||||||||||||
52,213 | Koninklijke KPN NV | 468,761 | 0.8 | ||||||||||||||||
30,152 | Royal Dutch Shell PLC | 1,075,393 | 1.9 | ||||||||||||||||
152,137 | TNT NV | 662,026 | 1.2 | ||||||||||||||||
27,332 | Unilever NV | 936,236 | 1.7 | ||||||||||||||||
49,561 | Other Securities | 413,477 | 0.7 | ||||||||||||||||
3,555,893 | 6.3 | ||||||||||||||||||
Norway: 0.8% | |||||||||||||||||||
24,641 | Telenor ASA | 452,936 | 0.8 | ||||||||||||||||
Peru: 0.6% | |||||||||||||||||||
2,669 | Other Securities | 349,399 | 0.6 | ||||||||||||||||
Poland: 0.5% | |||||||||||||||||||
24,877 | Other Securities | 266,818 | 0.5 | ||||||||||||||||
Portugal: 0.8% | |||||||||||||||||||
81,000 | Other Securities(a) | 435,870 | 0.8 | ||||||||||||||||
Russia: 1.5% | |||||||||||||||||||
50,717 | Gazprom OAO ADR | 585,274 | 1.0 | ||||||||||||||||
10,614 | Other Securities | 268,530 | 0.5 | ||||||||||||||||
853,804 | 1.5 | ||||||||||||||||||
Singapore: 1.1% | |||||||||||||||||||
85,000 | Oversea-Chinese Banking Corp. | 613,827 | 1.1 | ||||||||||||||||
South Korea: 1.8% | |||||||||||||||||||
826 | Samsung Electronics Co., Ltd. | 1,010,992 | 1.8 | ||||||||||||||||
Sweden: 0.5% | |||||||||||||||||||
27,355 | Other Securities | 271,183 | 0.5 | ||||||||||||||||
Switzerland: 8.3% | |||||||||||||||||||
35,000 | @ | ABB Ltd. | 637,801 | 1.1 | |||||||||||||||
7,500 | Compagnie Financiere Richemont S.A. | 464,240 | 0.8 | ||||||||||||||||
21,051 | Nestle S.A. | 1,290,200 | 2.3 | ||||||||||||||||
24,965 | Novartis AG | 1,378,474 | 2.4 | ||||||||||||||||
40,915 | Other Securities | 963,043 | 1.7 | ||||||||||||||||
4,733,758 | 8.3 | ||||||||||||||||||
United Kingdom: 9.9% | |||||||||||||||||||
38,677 | BG Group PLC | 912,593 | 1.6 | ||||||||||||||||
128,669 | BP PLC | 929,519 | 1.6 | ||||||||||||||||
123,419 | HSBC Holdings PLC | 1,114,127 | 2.0 | ||||||||||||||||
24,701 | Imperial Tobacco Group PLC | 987,806 | 1.7 | ||||||||||||||||
7,982 | Rio Tinto PLC | 447,430 | 0.8 | ||||||||||||||||
22,976 | Standard Chartered PLC | 561,664 | 1.0 | ||||||||||||||||
34,183 | Other Securities | 653,226 | 1.2 | ||||||||||||||||
5,606,365 | 9.9 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United States: 33.0% | |||||||||||||||||||
17,399 | @ | Adobe Systems, Inc. | $ | 583,911 | 1.0 | ||||||||||||||
2,110 | @ | Apple, Inc. | 1,232,746 | 2.2 | |||||||||||||||
10,007 | @ | Celgene Corp. | 729,711 | 1.3 | |||||||||||||||
27,051 | Citigroup, Inc. | 893,765 | 1.6 | ||||||||||||||||
1,618 | @ | Google, Inc. — Class A | 979,262 | 1.7 | |||||||||||||||
17,600 | Halliburton Co. | 602,272 | 1.1 | ||||||||||||||||
7,089 | Mead Johnson Nutrition Co. | 606,535 | 1.1 | ||||||||||||||||
39,157 | Microsoft Corp. | 1,253,807 | 2.2 | ||||||||||||||||
35,998 | @ | NetApp, Inc. | 1,397,802 | 2.5 | |||||||||||||||
5,638 | Occidental Petroleum Corp. | 514,298 | 0.9 | ||||||||||||||||
22,037 | @ | Quanta Services, Inc. | 487,459 | 0.9 | |||||||||||||||
6,300 | Schlumberger Ltd. | 467,082 | 0.8 | ||||||||||||||||
31,415 | @ | Symantec Corp. | 518,976 | 0.9 | |||||||||||||||
10,785 | Thermo Fisher Scientific, Inc. | 600,185 | 1.0 | ||||||||||||||||
35,000 | @ | Weatherford International Ltd. | 499,450 | 0.9 | |||||||||||||||
15,000 | Wells Fargo & Co. | 501,450 | 0.9 | ||||||||||||||||
8,225 | Yum! Brands, Inc. | 598,204 | 1.0 | ||||||||||||||||
186,999 | Other Securities(a) | 6,219,370 | 11.0 | ||||||||||||||||
18,686,285 | 33.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $48,529,862) | 55,129,390 | 97.3 | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 2.0% | |||||||||||||||||||
13,784 | @ | SPDR S&P Biotech ETF | 1,121,190 | 2.0 | |||||||||||||||
Total Exchange-Traded Funds | |||||||||||||||||||
(Cost $686,236) | 1,121,190 | 2.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $49,216,098) | 56,250,580 | 99.3 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 2.8% | |||||||||||||||||||
Securities Lending Collateralcc(1): 2.8% | |||||||||||||||||||
1,000,000 | Cantor Fitzgerald, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–7.125%, Market Value plus accrued interest $1,020,000, due 05/01/51–09/01/49) | 1,000,000 | 1.8 | ||||||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateral: (continued) | |||||||||||||||||||
602,110 | Daiwa Capital Markets, Repurchase Agreement dated 04/30/12, 0.24%, due 05/01/12 (Repurchase Amount $602,114, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–8.875%, Market Value plus accrued interest $614,152, due 05/17/12–08/01/47) | $ | 602,110 | 1.0 | |||||||||||||||
1,602,110 | 2.8 | ||||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $1,602,110) | 1,602,110 | 2.8 | |||||||||||||||||
Total Investments in Securities (Cost $50,818,208) | $ | 57,852,690 | 102.1 | ||||||||||||||||
Liabilities in Excess of Other Assets | (1,176,523 | ) | (2.1 | ) | |||||||||||||||
Net Assets | $ | 56,676,167 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $51,258,519. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 10,359,788 | ||||
Gross Unrealized Depreciation | (3,765,617 | ) | ||||
Net Unrealized Appreciation | $ | 6,594,171 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 10.7 | % | ||||
Consumer Staples | 12.3 | |||||
Energy | 13.0 | |||||
Exchange-Traded Funds | 2.0 | |||||
Financials | 15.2 | |||||
Health Care | 7.6 | |||||
Industrials | 9.0 | |||||
Information Technology | 22.0 | |||||
Materials | 3.9 | |||||
Telecommunications | 2.4 | |||||
Utilities | 1.2 | |||||
Short-Term Investments | 2.8 | |||||
Liabilities in Excess of Other Assets | (2.1 | ) | ||||
Net Assets | 100.0 | % |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Brazil | $ | 801,597 | $ | — | $ | — | $ | 801,597 | ||||||||||
Cambodia | — | 179,153 | — | 179,153 | ||||||||||||||
Canada | 1,031,915 | — | — | 1,031,915 | ||||||||||||||
China | 318,480 | 4,065,053 | — | 4,383,533 | ||||||||||||||
Denmark | — | 566,399 | — | 566,399 | ||||||||||||||
France | — | 2,125,581 | — | 2,125,581 | ||||||||||||||
Germany | — | 999,779 | — | 999,779 | ||||||||||||||
Hong Kong | 143,014 | 792,896 | 5,104 | 941,014 | ||||||||||||||
India | — | 1,186,659 | — | 1,186,659 | ||||||||||||||
Indonesia | — | 1,403,809 | — | 1,403,809 | ||||||||||||||
Ireland | 488,980 | — | — | 488,980 | ||||||||||||||
Italy | — | 488,139 | — | 488,139 | ||||||||||||||
Japan | — | 3,410,555 | — | 3,410,555 | ||||||||||||||
Malaysia | — | 285,147 | — | �� | 285,147 | |||||||||||||
Netherlands | — | 3,555,893 | — | 3,555,893 | ||||||||||||||
Norway | — | 452,936 | — | 452,936 | ||||||||||||||
Peru | 349,399 | — | — | 349,399 | ||||||||||||||
Poland | — | 266,818 | — | 266,818 | ||||||||||||||
Portugal | — | 435,870 | — | 435,870 | ||||||||||||||
Russia | 585,274 | 268,530 | — | 853,804 | ||||||||||||||
Singapore | — | 613,827 | — | 613,827 | ||||||||||||||
South Korea | — | 1,010,992 | — | 1,010,992 | ||||||||||||||
Sweden | — | 271,183 | — | 271,183 | ||||||||||||||
Switzerland | 1,066,500 | 3,667,258 | — | 4,733,758 | ||||||||||||||
United Kingdom | — | 5,606,365 | — | 5,606,365 | ||||||||||||||
United States | 18,686,285 | — | — | 18,686,285 | ||||||||||||||
Total Common Stock | 23,471,444 | 31,652,842 | 5,104 | 55,129,390 | ||||||||||||||
Exchange-Traded Funds | 1,121,190 | — | — | 1,121,190 | ||||||||||||||
Short-Term Investments | — | 1,602,110 | — | 1,602,110 | ||||||||||||||
Total Investments, at value | $ | 24,592,634 | $ | 33,254,952 | $ | 5,104 | $ | 57,852,690 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 5,097 | $ | — | $ | — | $ | — | $ | — | $ | 7 | $ | — | $ | — | $ | 5,104 | ||||||||||||||||||||
Total Investments, at value | $ | 5,097 | $ | — | $ | — | $ | — | $ | — | $ | 7 | $ | — | $ | — | $ | 5,104 |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.3% | |||||||||||||||||||
Australia: 7.9% | |||||||||||||||||||
47,788,716 | Dexus Property Group | $ | 46,365,770 | 1.2 | |||||||||||||||
11,096,005 | Goodman Group | 41,485,745 | 1.0 | ||||||||||||||||
10,762,775 | Investa Office Fund | 30,549,857 | 0.8 | ||||||||||||||||
11,027,134 | Westfield Group | 105,434,264 | 2.6 | ||||||||||||||||
15,730,581 | Westfield Retail Trust | 44,390,531 | 1.1 | ||||||||||||||||
17,753,338 | Other Securities | 46,451,387 | 1.2 | ||||||||||||||||
314,677,554 | 7.9 | ||||||||||||||||||
Brazil: 0.2% | |||||||||||||||||||
504,600 | Other Securities | 8,153,440 | 0.2 | ||||||||||||||||
Canada: 2.5% | |||||||||||||||||||
1,671,000 | Brookfield Properties Co. | 30,345,360 | 0.7 | ||||||||||||||||
2,109,100 | Other Securities | 71,329,990 | 1.8 | ||||||||||||||||
101,675,350 | 2.5 | ||||||||||||||||||
China: 2.3% | |||||||||||||||||||
73,900,000 | L | Evergrande Real Estate Group Ltd. | 42,425,009 | 1.1 | |||||||||||||||
75,943,500 | Other Securities | 48,922,847 | 1.2 | ||||||||||||||||
91,347,856 | 2.3 | ||||||||||||||||||
France: 4.4% | |||||||||||||||||||
492,229 | Unibail | 92,104,537 | 2.3 | ||||||||||||||||
1,458,155 | Other Securities | 83,320,281 | 2.1 | ||||||||||||||||
175,424,818 | 4.4 | ||||||||||||||||||
Germany: 0.4% | |||||||||||||||||||
518,844 | Other Securities(a) | 17,267,727 | 0.4 | ||||||||||||||||
Hong Kong: 10.0% | |||||||||||||||||||
7,613,763 | Cheung Kong Holdings Ltd. | 100,692,463 | 2.5 | ||||||||||||||||
11,966,245 | Hang Lung Properties Ltd. | 43,994,210 | 1.1 | ||||||||||||||||
8,269,000 | Kerry Properties Ltd. | 37,519,986 | 0.9 | ||||||||||||||||
10,052,900 | Link Real Estate Investment Trust | 41,824,125 | 1.1 | ||||||||||||||||
26,739,200 | Sino Land Co. | 45,867,058 | 1.2 | ||||||||||||||||
4,400,000 | Sun Hung Kai Properties Ltd. | 52,702,754 | 1.3 | ||||||||||||||||
14,719,640 | Other Securities | 76,262,929 | 1.9 | ||||||||||||||||
398,863,525 | 10.0 | ||||||||||||||||||
Japan: 12.8% | |||||||||||||||||||
577,700 | Daito Trust Construction Co., Ltd. | 51,951,525 | 1.3 | ||||||||||||||||
5,182 | Japan Real Estate Investment Corp. | 45,906,593 | 1.1 | ||||||||||||||||
7,598,230 | Mitsubishi Estate Co., Ltd. | 134,324,115 | 3.4 | ||||||||||||||||
7,035,088 | Mitsui Fudosan Co., Ltd. | 128,860,377 | 3.2 | ||||||||||||||||
7,637,000 | Tokyo Tatemono Co., Ltd. | 28,200,038 | 0.7 | ||||||||||||||||
2,084,763 | Other Securities | 125,333,399 | 3.1 | ||||||||||||||||
514,576,047 | 12.8 | ||||||||||||||||||
Netherlands: 0.7% | |||||||||||||||||||
663,120 | Corio NV | 29,705,889 | 0.7 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Singapore: 4.8% | |||||||||||||||||||
29,610,000 | L | CapitaCommercial Trust | $ | 30,794,974 | 0.8 | ||||||||||||||
26,025,950 | CapitaLand Ltd. | 61,516,975 | 1.5 | ||||||||||||||||
31,203,600 | @ | Global Logistic Properties Ltd. | 51,782,696 | 1.3 | |||||||||||||||
29,249,891 | Other Securities | 46,987,778 | 1.2 | ||||||||||||||||
191,082,423 | 4.8 | ||||||||||||||||||
Sweden: 0.5% | |||||||||||||||||||
1,772,304 | Other Securities | 21,023,509 | 0.5 | ||||||||||||||||
United Kingdom: 4.6% | |||||||||||||||||||
1,064,770 | Derwent Valley Holdings PLC | 30,107,862 | 0.8 | ||||||||||||||||
5,559,961 | Hammerson PLC | 37,692,797 | 0.9 | ||||||||||||||||
4,374,261 | Land Securities Group PLC | 51,657,106 | 1.3 | ||||||||||||||||
15,508,251 | Other Securities | 63,969,036 | 1.6 | ||||||||||||||||
183,426,801 | 4.6 | ||||||||||||||||||
United States: 47.2% | |||||||||||||||||||
782,508 | AvalonBay Communities, Inc. | 113,776,663 | 2.8 | ||||||||||||||||
1,085,900 | Boston Properties, Inc. | 117,548,675 | 2.9 | ||||||||||||||||
943,700 | BRE Properties, Inc. | 49,544,250 | 1.2 | ||||||||||||||||
2,942,200 | DDR Corp. | 43,544,560 | 1.1 | ||||||||||||||||
1,449,800 | Equity Residential | 89,075,712 | 2.2 | ||||||||||||||||
370,100 | Essex Property Trust, Inc. | 58,464,697 | 1.5 | ||||||||||||||||
281,300 | Federal Realty Investment Trust | 28,315,658 | 0.7 | ||||||||||||||||
3,706,111 | General Growth Properties, Inc. | 65,968,776 | 1.6 | ||||||||||||||||
1,047,529 | HCP, Inc. | 43,420,077 | 1.1 | ||||||||||||||||
935,300 | Health Care Real Estate Investment Trust, Inc. | 52,994,098 | 1.3 | ||||||||||||||||
5,197,135 | Host Hotels & Resorts, Inc. | 86,480,327 | 2.2 | ||||||||||||||||
2,423,700 | Kimco Realty Corp. | 47,044,017 | 1.2 | ||||||||||||||||
1,449,575 | Liberty Property Trust | 52,837,009 | 1.3 | ||||||||||||||||
1,472,141 | Macerich Co. | 90,639,721 | 2.3 | ||||||||||||||||
831,700 | Post Properties, Inc. | 40,503,790 | 1.0 | ||||||||||||||||
3,090,902 | ProLogis, Inc. | 110,592,474 | 2.8 | ||||||||||||||||
456,524 | Public Storage, Inc. | 65,401,628 | 1.6 | ||||||||||||||||
1,537,920 | Simon Property Group, Inc. | 239,300,352 | 6.0 | ||||||||||||||||
1,010,830 | SL Green Realty Corp. | 83,332,825 | 2.1 | ||||||||||||||||
910,900 | Starwood Hotels & Resorts Worldwide, Inc. | 53,925,280 | 1.3 | ||||||||||||||||
579,700 | Taubman Centers, Inc. | 44,741,246 | 1.1 | ||||||||||||||||
2,397,555 | UDR, Inc. | 63,127,623 | 1.6 | ||||||||||||||||
1,095,304 | Ventas, Inc. | 64,392,922 | 1.6 | ||||||||||||||||
1,053,802 | Vornado Realty Trust | 90,458,364 | 2.2 | ||||||||||||||||
3,205,600 | Other Securities | 98,623,378 | 2.5 | ||||||||||||||||
1,894,054,122 | 47.2 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $3,095,780,613) | 3,941,279,061 | 98.3 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGHTS: 0.0% | |||||||||||||||||||
Germany: 0.0% | |||||||||||||||||||
518,844 | Other Securities(a) | $ | 609,460 | 0.0 | |||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 609,460 | 0.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $3,095,780,613) | 3,941,888,521 | 98.3 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 2.0% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.6% | |||||||||||||||||||
1,230,992 | Barclays Bank PLC, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $1,230,998, collateralized by various U.S. Government Securities, 0.000%, Market Value plus accrued interest $1,255,612, due 05/15/14–02/15/42) | 1,230,992 | 0.0 | ||||||||||||||||
5,847,206 | BNP Paribas Bank, Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $5,847,240, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–4.625%, Market Value plus accrued interest $5,964,154, due 05/08/12–04/30/17) | 5,847,206 | 0.1 | ||||||||||||||||
5,847,206 | Credit Suisse Securities, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $5,847,235, collateralized by various U.S. Government Securities, 0.625%–2.375%, Market Value plus accrued interest $5,964,170, due 04/30/13–02/15/41) | 5,847,206 | 0.1 | ||||||||||||||||
5,847,206 | Deutsche Bank AG, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $5,847,241, collateralized by various U.S. Government Agency Obligations, 2.491%–7.000%, Market Value plus accrued interest $5,964,153, due 08/01/25–04/01/42) | 5,847,206 | 0.2 | ||||||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateralcc(1): (continued) | |||||||||||||||||||
5,847,206 | Goldman Sachs & Co., Repurchase Agreement dated 04/30/12, 0.20%, due 05/01/12 (Repurchase Amount $5,847,238, collateralized by various U.S. Government Agency Obligations, 3.500%–5.500%, Market Value plus accrued interest $5,964,150, due 02/01/18–07/15/41) | $ | 5,847,206 | 0.2 | |||||||||||||||
24,619,816 | 0.6 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
Mutual Funds: 1.4% | |||||||||||||||||||
54,060,765 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $54,060,765) | 54,060,765 | 1.4 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $78,680,581) | 78,680,581 | 2.0 | |||||||||||||||||
Total Investments in Securities (Cost $3,174,461,194) | $ | 4,020,569,102 | 100.3 | ||||||||||||||||
Liabilities in Excess of Other Assets | (10,920,669 | ) | (0.3 | ) | |||||||||||||||
Net Assets | $ | 4,009,648,433 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $3,378,819,152. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 813,830,055 | ||||
Gross Unrealized Depreciation | (172,080,105 | ) | ||||
Net Unrealized Appreciation | $ | 641,749,950 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 1.3 | % | ||||
Financials | 97.0 | |||||
Short-Term Investments | 2.0 | |||||
Liabilities in Excess of Other Assets | (0.3 | ) | ||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 314,677,554 | $ | — | $ | 314,677,554 | ||||||||||
Brazil | 8,153,440 | — | — | 8,153,440 | ||||||||||||||
Canada | 101,675,350 | — | — | 101,675,350 | ||||||||||||||
China | — | 91,347,856 | — | 91,347,856 | ||||||||||||||
France | 12,243,023 | 163,181,795 | — | 175,424,818 | ||||||||||||||
Germany | — | 17,267,727 | — | 17,267,727 | ||||||||||||||
Hong Kong | — | 398,863,525 | — | 398,863,525 | ||||||||||||||
Japan | — | 514,576,047 | — | 514,576,047 | ||||||||||||||
Netherlands | — | 29,705,889 | — | 29,705,889 | ||||||||||||||
Singapore | — | 191,082,423 | — | 191,082,423 | ||||||||||||||
Sweden | — | 21,023,509 | — | 21,023,509 | ||||||||||||||
United Kingdom | — | 183,426,801 | — | 183,426,801 | ||||||||||||||
United States | 1,894,054,122 | — | — | 1,894,054,122 | ||||||||||||||
Total Common Stock | 2,016,125,935 | 1,925,153,126 | — | 3,941,279,061 | ||||||||||||||
Rights | — | 609,460 | — | 609,460 | ||||||||||||||
Short-Term Investments | 54,060,765 | 24,619,816 | — | 78,680,581 | ||||||||||||||
Total Investments, at value | $ | 2,070,186,700 | $ | 1,950,382,402 | $ | — | $ | 4,020,569,102 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.0% | |||||||||||||||||||
Australia: 1.9% | |||||||||||||||||||
215,733 | Newcrest Mining Ltd. | $ | 5,878,735 | 1.9 | |||||||||||||||
Brazil: 2.8% | |||||||||||||||||||
537,190 | Centrais Eletricas Brasileiras SA ADR | 6,419,420 | 2.1 | ||||||||||||||||
423,500 | Other Securities | 1,902,056 | 0.7 | ||||||||||||||||
8,321,476 | 2.8 | ||||||||||||||||||
Canada: 13.3% | |||||||||||||||||||
742,000 | @ | Bankers Petroleum Ltd. | 2,568,851 | 0.8 | |||||||||||||||
282,668 | Barrick Gold Corp. | 11,428,267 | 3.8 | ||||||||||||||||
485,837 | L | Cameco Corp. | 10,736,998 | 3.6 | |||||||||||||||
541,503 | @ | Uranium Participation Corp. | 3,020,379 | 1.0 | |||||||||||||||
6,835,721 | Other Securities(a) | 12,318,486 | 4.1 | ||||||||||||||||
40,072,981 | 13.3 | ||||||||||||||||||
China: 0.0% | |||||||||||||||||||
12,100,000 | Other Securities | 70,278 | 0.0 | ||||||||||||||||
Egypt: 1.9% | |||||||||||||||||||
1,054,342 | Telecom Egypt | 2,262,076 | 0.8 | ||||||||||||||||
1,316,521 | Other Securities | 3,429,931 | 1.1 | ||||||||||||||||
5,692,007 | 1.9 | ||||||||||||||||||
Finland: 0.8% | |||||||||||||||||||
691,297 | Nokia OYJ ADR | 2,523,234 | 0.8 | ||||||||||||||||
France: 7.9% | |||||||||||||||||||
650,000 | Electricite de France SA | 13,770,843 | 4.6 | ||||||||||||||||
187,152 | Thales S.A. | 6,488,214 | 2.2 | ||||||||||||||||
189,835 | Other Securities(a) | 3,455,044 | 1.1 | ||||||||||||||||
23,714,101 | 7.9 | ||||||||||||||||||
Greece: 0.5% | |||||||||||||||||||
171,616 | Other Securities | 1,533,717 | 0.5 | ||||||||||||||||
Hong Kong: 0.7% | |||||||||||||||||||
1,781,000 | Other Securities(a) | 2,013,417 | 0.7 | ||||||||||||||||
Hungary: 0.5% | |||||||||||||||||||
24,316 | Other Securities | 1,623,473 | 0.5 | ||||||||||||||||
India: 0.3% | |||||||||||||||||||
276,205 | Other Securities | 981,687 | 0.3 | ||||||||||||||||
Indonesia: 1.6% | |||||||||||||||||||
89,200 | Telekomunikasi Indonesia Tbk PT ADR | 3,229,932 | 1.1 | ||||||||||||||||
6,840,000 | Other Securities | 1,557,755 | 0.5 | ||||||||||||||||
4,787,687 | 1.6 | ||||||||||||||||||
Italy: 3.6% | |||||||||||||||||||
833,583 | ERG S.p.A. | 6,281,960 | 2.1 | ||||||||||||||||
3,160,000 | @ | Telecom Italia S.p.A. RNC | 2,959,740 | 1.0 | |||||||||||||||
372,500 | Other Securities(a) | 1,602,368 | 0.5 | ||||||||||||||||
10,844,068 | 3.6 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Japan: 15.3% | |||||||||||||||||||
1,295,550 | Chuo Mitsui Trust Holdings, Inc. | $ | 3,795,368 | 1.2 | |||||||||||||||
766,000 | Daiwa Securities Group, Inc. | 2,894,722 | 1.0 | ||||||||||||||||
100,900 | East Japan Railway Co. | 6,277,711 | 2.1 | ||||||||||||||||
158,000 | Futaba Corp. | 2,461,837 | 0.8 | ||||||||||||||||
681,000 | Japan Steel Works Ltd. | 4,142,291 | 1.4 | ||||||||||||||||
276,000 | Kamigumi Co., Ltd. | 2,218,209 | 0.7 | ||||||||||||||||
187,500 | Mitsui & Co., Ltd. | 2,927,925 | 1.0 | ||||||||||||||||
166,500 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 3,069,615 | 1.0 | ||||||||||||||||
153,200 | Nippon Telegraph & Telephone Corp. | 6,931,635 | 2.3 | ||||||||||||||||
1,590 | TV Asahi Corp. | 2,374,843 | 0.8 | ||||||||||||||||
903,700 | Other Securities | 8,958,183 | 3.0 | ||||||||||||||||
46,052,339 | 15.3 | ||||||||||||||||||
Lebanon: 0.5% | |||||||||||||||||||
106,939 | # | Solidere GDR | 1,403,040 | 0.5 | |||||||||||||||
Norway: 1.0% | |||||||||||||||||||
5,964,105 | Marine Harvest | 3,060,972 | 1.0 | ||||||||||||||||
Russia: 4.9% | |||||||||||||||||||
558,200 | Gazprom OAO ADR | 6,441,628 | 2.2 | ||||||||||||||||
2,092,000 | Federal Hydrogenerating Co. JSC ADR | 7,278,827 | 2.4 | ||||||||||||||||
27,429,700 | Other Securities | 987,082 | 0.3 | ||||||||||||||||
14,707,537 | 4.9 | ||||||||||||||||||
Slovenia: 0.5% | |||||||||||||||||||
22,274 | Other Securities | 1,402,996 | 0.5 | ||||||||||||||||
South Africa: 2.7% | |||||||||||||||||||
133,600 | AngloGold Ashanti Ltd ADR | 4,593,168 | 1.5 | ||||||||||||||||
144,750 | Impala Platinum Holdings Ltd. | 2,825,687 | 1.0 | ||||||||||||||||
3,250,000 | Other Securities | 706,581 | 0.2 | ||||||||||||||||
8,125,436 | 2.7 | ||||||||||||||||||
South Korea: 4.1% | |||||||||||||||||||
330,028 | Korea Electric Power Corp. ADR | 3,135,266 | 1.0 | ||||||||||||||||
363,987 | KT Corp. ADR | 4,677,233 | 1.5 | ||||||||||||||||
348,000 | SK Telecom Co., Ltd. ADR | 4,704,960 | 1.6 | ||||||||||||||||
12,517,459 | 4.1 | ||||||||||||||||||
Switzerland: 1.5% | |||||||||||||||||||
91,744 | Actelion Ltd. — Reg | 3,885,170 | 1.3 | ||||||||||||||||
11,250 | Other Securities | 621,183 | 0.2 | ||||||||||||||||
4,506,353 | 1.5 | ||||||||||||||||||
Turkey: 2.1% | |||||||||||||||||||
511,507 | @ | Turkcell Iletisim Hizmet AS ADR | 6,322,227 | 2.1 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United Kingdom: 3.8% | |||||||||||||||||||
2,170,128 | @ | Polyus Gold International Ltd. GDR | $ | 6,727,397 | 2.2 | ||||||||||||||
262,800 | Stolt-Nielsen Ltd. | 4,699,003 | 1.6 | ||||||||||||||||
11,426,400 | 3.8 | ||||||||||||||||||
United States: 25.8% | |||||||||||||||||||
70,068 | Alliant Techsystems, Inc. | 3,734,624 | 1.2 | ||||||||||||||||
133,000 | @ | American International Group, Inc. | 4,525,990 | 1.5 | |||||||||||||||
529,869 | Arch Coal, Inc. | 5,171,521 | 1.7 | ||||||||||||||||
350,274 | L | Best Buy Co., Inc. | 7,730,547 | 2.6 | |||||||||||||||
313,426 | Chesapeake Energy Corp. | 5,779,575 | 1.9 | ||||||||||||||||
151,250 | Computer Sciences Corp. | 4,244,075 | 1.4 | ||||||||||||||||
81,000 | Eli Lilly & Co. | 3,352,590 | 1.1 | ||||||||||||||||
90,676 | Exelon Corp. | 3,537,271 | 1.2 | ||||||||||||||||
123,605 | @ | Ingram Micro, Inc. | 2,405,353 | 0.8 | |||||||||||||||
137,487 | Kroger Co. | 3,199,323 | 1.1 | ||||||||||||||||
97,487 | Microsoft Corp. | 3,121,534 | 1.0 | ||||||||||||||||
255,200 | Newmont Mining Corp. | 12,160,280 | 4.0 | ||||||||||||||||
313,002 | Old Republic International Corp. | 3,114,370 | 1.0 | ||||||||||||||||
725,786 | Southwest Airlines Co. | 6,009,508 | 2.0 | ||||||||||||||||
142,975 | @ | Western Digital Corp. | 5,548,860 | 1.9 | |||||||||||||||
123,436 | Other Securities | 4,103,610 | 1.4 | ||||||||||||||||
77,739,031 | 25.8 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $334,100,198) | 295,320,651 | 98.0 | |||||||||||||||||
PREFERRED STOCK: 0.5% | |||||||||||||||||||
South Korea: 0.5% | |||||||||||||||||||
74,600 | Other Securities | 1,332,028 | 0.5 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $2,419,000) | 1,332,028 | 0.5 | |||||||||||||||||
RIGHTS: 0.0% | |||||||||||||||||||
Hong Kong: 0.0% | |||||||||||||||||||
404,500 | Other Securities | 47,964 | 0.0 | ||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 47,964 | 0.0 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $336,519,198) | 296,700,643 | 98.5 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 3.0% | |||||||||||||||||||
Securities Lending Collateralcc(1): 2.4% | |||||||||||||||||||
1,742,300 | BNP Paribas Bank, Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $1,742,310, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–4.625%, Market Value plus accrued interest $1,777,147, due 05/08/12–04/30/17) | $ | 1,742,300 | 0.6 | |||||||||||||||
366,800 | Credit Suisse Securities, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $366,802, collateralized by various U.S. Government Securities, 0.625%–2.375%, Market Value plus accrued interest $374,137, due 04/30/13–02/15/41) | 366,800 | 0.1 | ||||||||||||||||
1,742,300 | Deutsche Bank AG, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,742,311, collateralized by various U.S. Government Agency Obligations, 2.491%–7.000%, Market Value plus accrued interest $1,777,147, due 08/01/25–04/01/42) | 1,742,300 | 0.6 | ||||||||||||||||
1,742,300 | JPMorgan Chase & Co., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $1,742,310, collateralized by various U.S. Government Agency Obligations, 1.988%–6.297%, Market Value plus accrued interest $1,777,149, due 05/01/17–11/01/41) | 1,742,300 | 0.6 | ||||||||||||||||
1,742,300 | Royal Bank of Canada, Repurchase Agreement dated 04/30/12, 0.20%, due 05/01/12 (Repurchase Amount $1,742,310, collateralized by various U.S. Government Agency Obligations, 0.000%–5.000%, Market Value plus accrued interest $1,777,146, due 07/30/12–03/01/42) | 1,742,300 | 0.5 | ||||||||||||||||
7,336,000 | 2.4 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Mutual Funds: 0.6% | |||||||||||||||||||
1,765,221 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $1,765,221) | $ | 1,765,221 | 0.6 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $9,101,221) | 9,101,221 | 3.0 | |||||||||||||||||
Total Investments in Securities (Cost $345,620,419) | $ | 305,801,864 | 101.5 | ||||||||||||||||
Liabilities in Excess of Other Assets | (4,463,304 | ) | (1.5 | ) | |||||||||||||||
Net Assets | $ | 301,338,560 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $350,718,550. |
Net unrealized depreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 15,906,251 | ||||
Gross Unrealized Depreciation | (60,822,937 | ) | ||||
Net Unrealized Depreciation | $ | (44,916,686 | ) |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 5.2 | % | ||||
Consumer Staples | 3.2 | |||||
Energy | 15.4 | |||||
Financials | 8.3 | |||||
Health Care | 4.2 | |||||
Industrials | 16.0 | |||||
Information Technology | 6.8 | |||||
Materials | 17.1 | |||||
Telecommunications | 10.7 | |||||
Utilities | 11.6 | |||||
Short-Term Investments | 3.0 | |||||
Liabilities in Excess of Other Assets | (1.5 | ) | ||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 5,878,735 | $ | — | $ | 5,878,735 | ||||||||||
Brazil | 8,321,476 | — | — | 8,321,476 | ||||||||||||||
Canada | 40,072,981 | — | — | 40,072,981 | ||||||||||||||
China | — | — | 70,278 | 70,278 | ||||||||||||||
Egypt | 3,915,858 | 1,776,149 | — | 5,692,007 | ||||||||||||||
Finland | 2,523,234 | — | — | 2,523,234 | ||||||||||||||
France | 1,846,609 | 21,867,492 | — | 23,714,101 | ||||||||||||||
Greece | — | 1,533,717 | — | 1,533,717 | ||||||||||||||
Hong Kong | — | 2,013,417 | — | 2,013,417 | ||||||||||||||
Hungary | — | 1,623,473 | — | 1,623,473 | ||||||||||||||
India | — | 981,687 | — | 981,687 | ||||||||||||||
Indonesia | 3,229,932 | 1,557,755 | — | 4,787,687 | ||||||||||||||
Italy | — | 10,844,068 | — | 10,844,068 | ||||||||||||||
Japan | — | 46,052,339 | — | 46,052,339 | ||||||||||||||
Lebanon | 1,403,040 | — | — | 1,403,040 | ||||||||||||||
Norway | — | 3,060,972 | — | 3,060,972 | ||||||||||||||
Russia | 7,428,710 | 7,278,827 | — | 14,707,537 | ||||||||||||||
Slovenia | — | 1,402,996 | — | 1,402,996 | ||||||||||||||
South Africa | 5,299,749 | 2,825,687 | — | 8,125,436 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
South Korea | $ | 12,517,459 | $ | — | $ | — | $ | 12,517,459 | ||||||||||
Switzerland | — | 4,506,353 | — | 4,506,353 | ||||||||||||||
Turkey | 6,322,227 | — | — | 6,322,227 | ||||||||||||||
United Kingdom | 6,727,397 | 4,699,003 | — | 11,426,400 | ||||||||||||||
United States | 77,739,031 | — | — | 77,739,031 | ||||||||||||||
Total Common Stock | 177,347,703 | 117,902,670 | 70,278 | 295,320,651 | ||||||||||||||
Preferred Stock | — | 1,332,028 | — | 1,332,028 | ||||||||||||||
Rights | — | 47,964 | — | 47,964 | ||||||||||||||
Short-Term Investments | 1,765,221 | 7,336,000 | — | 9,101,221 | ||||||||||||||
Total Investments, at value | $ | 179,112,924 | $ | 126,618,662 | $ | 70,278 | $ | 305,801,864 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 554,471 | $ | — | $ | — | $ | — | $ | — | $ | (484,193 | ) | $ | — | $ | — | $ | 70,278 | |||||||||||||||||||
Total Investments, at value | $ | 554,471 | $ | — | $ | — | $ | — | $ | — | $ | (484,193 | ) | $ | — | $ | — | $ | 70,278 |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 99.7% | |||||||||||||||||||
China: 45.7% | |||||||||||||||||||
208,000 | Agile Property Holdings Ltd. | $ | 270,627 | 0.9 | |||||||||||||||
96,000 | @ | Anhui Conch Cement Co., Ltd. | 319,348 | 1.0 | |||||||||||||||
1,435,400 | Bank of China Ltd. | 597,732 | 1.9 | ||||||||||||||||
290,000 | @ | China Coal Energy Co. — Class H | 331,322 | 1.0 | |||||||||||||||
603,000 | @ | China Communications Construction Co., Ltd. | 600,830 | 1.9 | |||||||||||||||
932,000 | China Communications Services Corp., Ltd. | 478,082 | 1.5 | ||||||||||||||||
1,200,960 | China Construction Bank | 931,998 | 2.9 | ||||||||||||||||
165,000 | @ | China Life Insurance Co., Ltd. | 439,320 | 1.4 | |||||||||||||||
438,000 | China Minsheng Banking Corp. Ltd | 453,237 | 1.4 | ||||||||||||||||
144,000 | China Mobile Ltd. | 1,593,147 | 5.0 | ||||||||||||||||
398,000 | China Petroleum & Chemical Corp. | 422,720 | 1.3 | ||||||||||||||||
1,371,000 | China Power International Development Ltd. | 309,625 | 1.0 | ||||||||||||||||
76,500 | @ | China Shenhua Energy Co., Ltd. | 337,828 | 1.1 | |||||||||||||||
134,000 | #,@ | CITIC Securities Co. Ltd. | 280,132 | 0.9 | |||||||||||||||
448,000 | CNOOC Ltd. | 946,691 | 3.0 | ||||||||||||||||
756,000 | Datang International Power Generation Co., Ltd. | 267,942 | 0.8 | ||||||||||||||||
72,000 | #,@ | Haitong Securities Co. Ltd. | 100,780 | 0.3 | |||||||||||||||
1,409,140 | Industrial and Commercial Bank of China Ltd. | 936,281 | 2.9 | ||||||||||||||||
530,000 | PetroChina Co., Ltd. | 790,599 | 2.5 | ||||||||||||||||
40,500 | Ping An Insurance Group Co. of China Ltd. | 336,404 | 1.1 | ||||||||||||||||
25,900 | Tencent Holdings Ltd. | 810,250 | 2.6 | ||||||||||||||||
5,392,088 | Other Securities | 2,946,270 | 9.3 | ||||||||||||||||
14,501,165 | 45.7 | ||||||||||||||||||
Hong Kong: 25.6% | |||||||||||||||||||
216,000 | AIA Group Ltd. | 764,396 | 2.4 | ||||||||||||||||
56,000 | Cheung Kong Holdings Ltd. | 740,603 | 2.3 | ||||||||||||||||
170,000 | China Everbright Ltd. | 268,344 | 0.8 | ||||||||||||||||
307,000 | Chow Sang Sang Holdings International Ltd. | 776,297 | 2.4 | ||||||||||||||||
194,000 | Cnpc Hong Kong Ltd. | 340,453 | 1.1 | ||||||||||||||||
323,280 | Dah Sing Banking Group Ltd. | 334,094 | 1.1 | ||||||||||||||||
97,000 | @ | Galaxy Entertainment Group Ltd. | 302,391 | 1.0 | |||||||||||||||
412,000 | @ | HKT Trust / HKT Ltd. | 320,205 | 1.0 | |||||||||||||||
24,000 | Hong Kong Exchanges and Clearing Ltd. | 381,672 | 1.2 | ||||||||||||||||
49,000 | Hutchison Whampoa Ltd. | 469,422 | 1.5 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Hong Kong: (continued) | |||||||||||||||||||
62,500 | Kerry Properties Ltd. | $ | 283,589 | 0.9 | |||||||||||||||
150,000 | Li & Fung Ltd. | 319,867 | 1.0 | ||||||||||||||||
79,500 | MTR Corp. | 281,957 | 0.9 | ||||||||||||||||
194,000 | Sino Land Co. | 332,778 | 1.0 | ||||||||||||||||
31,000 | Sun Hung Kai Properties Ltd. | 371,315 | 1.2 | ||||||||||||||||
34,000 | Television Broadcasts Ltd. | 249,084 | 0.8 | ||||||||||||||||
100,500 | Wharf Holdings Ltd. | 596,002 | 1.9 | ||||||||||||||||
2,245,400 | Other Securities | 981,248 | 3.1 | ||||||||||||||||
8,113,717 | 25.6 | ||||||||||||||||||
Taiwan: 28.4% | |||||||||||||||||||
363,522 | China Life Insurance Co., Ltd. | 322,312 | 1.0 | ||||||||||||||||
295,000 | Compal Electronics, Inc. | 337,727 | 1.1 | ||||||||||||||||
720,745 | E.Sun Financial Holding Co., Ltd. | 380,480 | 1.2 | ||||||||||||||||
459,000 | Eva Airways Corp. | 274,351 | 0.9 | ||||||||||||||||
234,110 | Far Eastern New Century Corp. | 262,836 | 0.8 | ||||||||||||||||
358,000 | Fubon Financial Holding Co., Ltd. | 370,377 | 1.2 | ||||||||||||||||
326,256 | Hon Hai Precision Industry Co., Ltd. | 1,025,806 | 3.2 | ||||||||||||||||
25,492 | HTC Corp. | 382,642 | 1.2 | ||||||||||||||||
482,000 | Mega Financial Holdings Co., Ltd. | 378,958 | 1.2 | ||||||||||||||||
117,000 | Taiwan Fertilizer Co., Ltd. | 278,396 | 0.9 | ||||||||||||||||
616,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 1,820,672 | 5.7 | ||||||||||||||||
743,000 | United Microelectronics Corp. | 388,643 | 1.2 | ||||||||||||||||
598,159 | Yuanta Financial Holding Co., Ltd. | 284,937 | 0.9 | ||||||||||||||||
2,156,042 | Other Securities | 2,486,502 | 7.9 | ||||||||||||||||
8,994,639 | 28.4 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $27,485,362) | 31,609,521 | 99.7 | |||||||||||||||||
Assets in Excess of Other Liabilities | 88,642 | 0.3 | |||||||||||||||||
Net Assets | $ | 31,698,163 | 100.0 |
# | 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. |
@ | Non-income producing security |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Cost for federal income tax purposes is $28,537,844. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 5,461,718 | ||||
Gross Unrealized Depreciation | (2,390,041 | ) | ||||
Net Unrealized Appreciation | $ | 3,071,677 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 6.9 | % | ||||
Consumer Staples | 1.5 | |||||
Energy | 11.2 | |||||
Financials | 36.5 | |||||
Industrials | 9.0 | |||||
Information Technology | 19.5 | |||||
Materials | 4.4 | |||||
Telecommunications | 8.3 | |||||
Utilities | 2.4 | |||||
Assets in Excess of Other Liabilities | 0.3 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
China | $ | 274,494 | $ | 13,983,819 | $ | 242,852 | $ | 14,501,165 | ||||||||||
Hong Kong | 320,205 | 7,793,512 | — | 8,113,717 | ||||||||||||||
Taiwan | — | 8,994,639 | — | 8,994,639 | ||||||||||||||
Total Common Stock | 594,699 | 30,771,970 | 242,852 | 31,609,521 | ||||||||||||||
Total Investments, at value | $ | 594,699 | $ | 30,771,970 | $ | 242,852 | $ | 31,609,521 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 83,824 | $ | — | $ | — | $ | — | $ | — | $ | 110 | $ | 158,918 | $ | — | $ | 242,852 | ||||||||||||||||||||
Total Investments, at value | $ | 83,824 | $ | — | $ | — | $ | — | $ | — | $ | 110 | $ | 158,918 | $ | — | $ | 242,852 |
AS OF APRIL 30, 2012 (UNAUDITED)
EQUITY FUND
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.1% | |||||||||||||||||||
Australia: 8.6% | |||||||||||||||||||
23,124 | BHP Billiton Ltd. | $ | 858,067 | 1.0 | |||||||||||||||
19,971 | Commonwealth Bank of Australia | 1,077,294 | 1.2 | ||||||||||||||||
25,740 | Iluka Resources Ltd. | 449,637 | 0.5 | ||||||||||||||||
20,309 | National Australia Bank Ltd. | 530,863 | 0.6 | ||||||||||||||||
24,463 | Westpac Banking Corp. | 576,500 | 0.7 | ||||||||||||||||
539,000 | Other Securities | 3,991,576 | 4.6 | ||||||||||||||||
7,483,937 | 8.6 | ||||||||||||||||||
Austria: 0.4% | |||||||||||||||||||
24,947 | Other Securities | 369,433 | 0.4 | ||||||||||||||||
Belgium: 0.9% | |||||||||||||||||||
5,643 | Groupe Bruxelles Lambert S.A. | 391,629 | 0.5 | ||||||||||||||||
22,465 | Other Securities | 359,185 | 0.4 | ||||||||||||||||
750,814 | 0.9 | ||||||||||||||||||
China: 0.2% | |||||||||||||||||||
104,000 | Other Securities | 206,258 | 0.2 | ||||||||||||||||
Denmark: 0.5% | |||||||||||||||||||
10,304 | Other Securities | 430,075 | 0.5 | ||||||||||||||||
Finland: 1.6% | |||||||||||||||||||
12,682 | Metso OYJ | 544,725 | 0.6 | ||||||||||||||||
19,045 | Orion Oyj | 388,493 | 0.5 | ||||||||||||||||
9,049 | Other Securities | 451,678 | 0.5 | ||||||||||||||||
1,384,896 | 1.6 | ||||||||||||||||||
France: 7.4% | |||||||||||||||||||
6,022 | Sanofi-Aventis | 459,970 | 0.5 | ||||||||||||||||
18,067 | Societe Generale | 427,722 | 0.5 | ||||||||||||||||
19,485 | Total S.A. | 935,349 | 1.1 | ||||||||||||||||
215,232 | Other Securities | 4,634,784 | 5.3 | ||||||||||||||||
6,457,825 | 7.4 | ||||||||||||||||||
Germany: 7.1% | |||||||||||||||||||
11,057 | BASF AG | 910,355 | 1.1 | ||||||||||||||||
4,449 | Bayerische Motoren Werke AG | 423,153 | 0.5 | ||||||||||||||||
30,915 | Deutsche Post AG | 577,303 | 0.7 | ||||||||||||||||
742 | Volkswagen AG | 126,752 | 0.1 | ||||||||||||||||
92,352 | Other Securities | 4,110,776 | 4.7 | ||||||||||||||||
6,148,339 | 7.1 | ||||||||||||||||||
Greece: 0.1% | |||||||||||||||||||
12,072 | Other Securities | 92,650 | 0.1 | ||||||||||||||||
Hong Kong: 2.4% | |||||||||||||||||||
803,203 | Other Securities | 2,101,339 | 2.4 | ||||||||||||||||
India: 0.0% | |||||||||||||||||||
1,440 | Other Securities | 28,541 | 0.0 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Israel: 0.6% | |||||||||||||||||||
17,878 | Other Securities | $ | 480,813 | 0.6 | |||||||||||||||
Italy: 2.7% | |||||||||||||||||||
139,692 | Enel S.p.A. | 458,105 | 0.5 | ||||||||||||||||
42,795 | ENI S.p.A. | 950,895 | 1.1 | ||||||||||||||||
359,741 | Other Securities | 966,676 | 1.1 | ||||||||||||||||
2,375,676 | 2.7 | ||||||||||||||||||
Japan: 22.6% | |||||||||||||||||||
8,600 | Canon, Inc. | 389,820 | 0.5 | ||||||||||||||||
141,000 | Chuo Mitsui Trust Holdings, Inc. | 413,066 | 0.5 | ||||||||||||||||
46,400 | Dainippon Sumitomo Pharma Co., Ltd. | 464,689 | 0.5 | ||||||||||||||||
3,700 | Hirose Electric Co., Ltd. | 387,433 | 0.4 | ||||||||||||||||
99 | Japan Tobacco, Inc. | 548,429 | 0.6 | ||||||||||||||||
1,700 | Keyence Corp. | 401,242 | 0.5 | ||||||||||||||||
48,800 | Sumitomo Corp. | 693,506 | 0.8 | ||||||||||||||||
16,090 | Toyota Motor Corp. | 659,332 | 0.8 | ||||||||||||||||
7,180 | Yamada Denki Co., Ltd. | 465,923 | 0.5 | ||||||||||||||||
1,749,602 | Other Securities | 15,262,012 | 17.5 | ||||||||||||||||
19,685,452 | 22.6 | ||||||||||||||||||
Luxembourg: 0.9% | |||||||||||||||||||
19,648 | Tenaris S.A. | 382,450 | 0.5 | ||||||||||||||||
18,194 | Other Securities | 346,181 | 0.4 | ||||||||||||||||
728,631 | 0.9 | ||||||||||||||||||
Macau: 0.2% | |||||||||||||||||||
48,400 | Other Securities | 189,500 | 0.2 | ||||||||||||||||
Mexico: 0.3% | |||||||||||||||||||
11,035 | Other Securities | 281,163 | 0.3 | ||||||||||||||||
Netherlands: 3.1% | |||||||||||||||||||
17,631 | Royal Dutch Shell PLC — Class A | 628,827 | 0.7 | ||||||||||||||||
26,536 | Royal Dutch Shell PLC — Class B | 971,074 | 1.1 | ||||||||||||||||
11,543 | Unilever NV | 395,397 | 0.5 | ||||||||||||||||
23,682 | Other Securities | 721,734 | 0.8 | ||||||||||||||||
2,717,032 | 3.1 | ||||||||||||||||||
New Zealand: 0.1% | |||||||||||||||||||
47,302 | Other Securities | 101,697 | 0.1 | ||||||||||||||||
Norway: 0.9% | |||||||||||||||||||
41,280 | Other Securities | 737,572 | 0.9 | ||||||||||||||||
Portugal: 0.2% | |||||||||||||||||||
41,735 | Other Securities | 168,303 | 0.2 | ||||||||||||||||
Singapore: 1.8% | |||||||||||||||||||
483,000 | Other Securities | 1,566,909 | 1.8 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
EQUITY FUND
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Spain: 4.5% | |||||||||||||||||||
124,146 | Banco Santander Central Hispano S.A. | $ | 779,464 | 0.9 | |||||||||||||||
432,964 | Other Securities | 3,104,384 | 3.6 | ||||||||||||||||
3,883,848 | 4.5 | ||||||||||||||||||
Sweden: 3.5% | |||||||||||||||||||
189,083 | Other Securities | 3,055,086 | 3.5 | ||||||||||||||||
Switzerland: 7.5% | |||||||||||||||||||
30,638 | Nestle S.A. | 1,877,781 | 2.2 | ||||||||||||||||
25,352 | Novartis AG | 1,399,842 | 1.6 | ||||||||||||||||
4,301 | Roche Holding AG — Genusschein | 786,053 | 0.9 | ||||||||||||||||
509 | # | Synthes, Inc. | 87,786 | 0.1 | |||||||||||||||
2,672 | @ | Zurich Financial Services AG | 654,648 | 0.7 | |||||||||||||||
73,216 | Other Securities | 1,704,994 | 2.0 | ||||||||||||||||
6,511,104 | 7.5 | ||||||||||||||||||
United Kingdom: 20.0% | |||||||||||||||||||
27,754 | Amec PLC | 512,532 | 0.6 | ||||||||||||||||
19,391 | AstraZeneca PLC | 849,742 | 1.0 | ||||||||||||||||
18,106 | BHP Billiton PLC | 582,867 | 0.7 | ||||||||||||||||
136,595 | BP PLC | 986,778 | 1.1 | ||||||||||||||||
24,852 | British American Tobacco PLC | 1,274,650 | 1.5 | ||||||||||||||||
184,207 | BT Group PLC | 630,072 | 0.7 | ||||||||||||||||
32,448 | Diageo PLC | 818,446 | 0.9 | ||||||||||||||||
26,916 | GlaxoSmithKline PLC | 621,801 | 0.7 | ||||||||||||||||
130,982 | HSBC Holdings PLC | 1,182,399 | 1.4 | ||||||||||||||||
20,299 | Imperial Tobacco Group PLC | 811,767 | 0.9 | ||||||||||||||||
62,698 | National Grid PLC | 677,048 | 0.8 | ||||||||||||||||
21,132 | Pearson PLC | 398,039 | 0.5 | ||||||||||||||||
10,562 | Reckitt Benckiser PLC | 614,851 | 0.7 | ||||||||||||||||
14,767 | Shire PLC | 481,296 | 0.5 | ||||||||||||||||
345,727 | Vodafone Group PLC | 956,960 | 1.1 | ||||||||||||||||
2,047,943 | Other Securities | 5,978,996 | 6.9 | ||||||||||||||||
17,378,244 | 20.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $75,922,280) | 85,315,137 | 98.1 | |||||||||||||||||
PREFERRED STOCK: 0.6% | |||||||||||||||||||
Germany: 0.6% | |||||||||||||||||||
2,632 | Volkswagen AG | 498,916 | 0.6 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $422,259) | 498,916 | 0.6 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $76,344,539) | 85,814,053 | 98.7 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 2.7% | |||||||||||||||||||
Mutual Funds: 2.7% | |||||||||||||||||||
2,376,549 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $2,376,549) | $ | 2,376,549 | 2.7 | |||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $2,376,549) | 2,376,549 | 2.7 | |||||||||||||||||
Total Investments in Securities (Cost $78,721,088) | $ | 88,190,602 | 101.4 | ||||||||||||||||
Liabilities in Excess of Other Assets | (1,177,180 | ) | (1.4 | ) | |||||||||||||||
Net Assets | $ | 87,013,422 | 100.0 |
# | 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. |
@ | Non-income producing security |
Cost for federal income tax purposes is $81,601,602. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 11,914,140 | ||||
Gross Unrealized Depreciation | (5,325,140 | ) | ||||
Net Unrealized Appreciation | $ | 6,589,000 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 10.5 | % | ||||
Consumer Staples | 11.3 | |||||
Energy | 8.5 | |||||
Financials | 22.6 | |||||
Health Care | 9.3 | |||||
Industrials | 12.2 | |||||
Information Technology | 4.8 | |||||
Materials | 10.2 | |||||
Telecommunications | 5.3 | |||||
Utilities | 4.0 | |||||
Short-Term Investments | 2.7 | |||||
Liabilities in Excess of Other Assets | (1.4 | ) | ||||
Net Assets | 100.0 | % |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
EQUITY FUND
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 7,483,937 | $ | — | $ | 7,483,937 | ||||||||||
Austria | — | 369,433 | — | 369,433 | ||||||||||||||
Belgium | 71,157 | 679,657 | — | 750,814 | ||||||||||||||
China | — | 206,258 | — | 206,258 | ||||||||||||||
Denmark | — | 430,075 | — | 430,075 | ||||||||||||||
Finland | — | 1,384,896 | — | 1,384,896 | ||||||||||||||
France | — | 6,457,825 | — | 6,457,825 | ||||||||||||||
Germany | — | 6,148,339 | — | 6,148,339 | ||||||||||||||
Greece | 63,716 | 28,934 | — | 92,650 | ||||||||||||||
Hong Kong | 9,461 | 2,091,878 | — | 2,101,339 | ||||||||||||||
India | — | 28,541 | — | 28,541 | ||||||||||||||
Israel | — | 480,813 | — | 480,813 | ||||||||||||||
Italy | — | 2,375,676 | — | 2,375,676 | ||||||||||||||
Japan | — | 19,685,452 | — | 19,685,452 | ||||||||||||||
Luxembourg | — | 728,631 | — | 728,631 | ||||||||||||||
Macau | — | 189,500 | — | 189,500 | ||||||||||||||
Mexico | — | 281,163 | — | 281,163 | ||||||||||||||
Netherlands | 201,445 | 2,515,587 | — | 2,717,032 | ||||||||||||||
New Zealand | — | 101,697 | — | 101,697 | ||||||||||||||
Norway | — | 737,572 | — | 737,572 | ||||||||||||||
Portugal | — | 168,303 | — | 168,303 | ||||||||||||||
Singapore | — | 1,566,909 | — | 1,566,909 | ||||||||||||||
Spain | 54,173 | 3,829,675 | — | 3,883,848 | ||||||||||||||
Sweden | — | 3,055,086 | — | 3,055,086 | ||||||||||||||
Switzerland | 174,960 | 6,336,144 | — | 6,511,104 | ||||||||||||||
United Kingdom | — | 17,378,244 | — | 17,378,244 | ||||||||||||||
Total Common Stock | 574,912 | 84,740,225 | — | 85,315,137 | ||||||||||||||
Preferred Stock | — | 498,916 | — | 498,916 | ||||||||||||||
Short-Term Investments | 2,376,549 | — | — | 2,376,549 | ||||||||||||||
Total Investments, at value | $ | 2,951,461 | $ | 85,239,141 | $ | — | $ | 88,190,602 | ||||||||||
Other Financial Instruments+ | ||||||||||||||||||
Futures | 14,023 | — | — | 14,023 | ||||||||||||||
Total Assets | $ | 2,965,484 | $ | 85,239,141 | $ | — | $ | 88,204,625 |
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 Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
EQUITY FUND
Contract Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Contracts | ||||||||||||||||||
MSCI EAFE Mini Index | 27 | 06/15/12 | $ | 2,033,910 | $ | 14,023 | ||||||||||||
$ | 2,033,910 | $ | 14,023 |
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset Derivatives | ||||||||||
Equity contracts | Net Assets — Unrealized appreciation* | $ | 14,023 | |||||||
Total Asset Derivatives | $ | 14,023 |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Summary Portfolio of Investments. |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | Futures | Total | ||||||||||||
Equity contracts | $ | — | $ | 282,385 | $ | 282,385 | |||||||||
Foreign exchange contracts | (14,070 | ) | — | (14,070 | ) | ||||||||||
Total | $ | (14,070 | ) | $ | 282,385 | $ | 268,315 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | Futures | Total | ||||||||||||
Equity contracts | $ | — | $ | (194,266 | ) | $ | (194,266 | ) | |||||||
Foreign exchange contracts | 53,771 | — | 53,771 | ||||||||||||
Total | $ | 53,771 | $ | (194,266 | ) | $ | (140,495 | ) |
* | 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. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.2% | |||||||||||||||||||
Australia: 0.6% | |||||||||||||||||||
57,262 | Other Securities | $ | 2,124,833 | 0.6 | |||||||||||||||
Belgium: 0.9% | |||||||||||||||||||
54,511 | Umicore | 2,960,147 | 0.9 | ||||||||||||||||
Brazil: 3.4% | |||||||||||||||||||
946,327 | Other Securities | 11,566,876 | 3.4 | ||||||||||||||||
Canada: 4.7% | |||||||||||||||||||
66,101 | Canadian National Railway Co. | 5,640,851 | 1.7 | ||||||||||||||||
311,471 | Other Securities | 10,386,289 | 3.0 | ||||||||||||||||
16,027,140 | 4.7 | ||||||||||||||||||
Chile: 0.3% | |||||||||||||||||||
45,300 | Other Securities | 918,231 | 0.3 | ||||||||||||||||
China: 5.9% | |||||||||||||||||||
1,560,565 | CNOOC Ltd. | 3,297,706 | 1.0 | ||||||||||||||||
6,934,331 | Other Securities | 16,769,995 | 4.9 | ||||||||||||||||
20,067,701 | 5.9 | ||||||||||||||||||
Denmark: 1.4% | |||||||||||||||||||
33,400 | Novo-Nordisk A/S | 4,923,928 | 1.4 | ||||||||||||||||
Finland: 0.4% | |||||||||||||||||||
24,191 | Other Securities | 1,318,364 | 0.4 | ||||||||||||||||
France: 11.1% | |||||||||||||||||||
56,503 | Air Liquide | 7,267,797 | 2.1 | ||||||||||||||||
38,969 | Cie Generale D’Optique Essilor International S.A. | 3,433,823 | 1.0 | ||||||||||||||||
66,454 | Groupe Danone | 4,678,289 | 1.4 | ||||||||||||||||
23,500 | LVMH Moet Hennessy Louis Vuitton S.A. | 3,898,541 | 1.2 | ||||||||||||||||
35,929 | Pernod-Ricard S.A. | 3,728,256 | 1.1 | ||||||||||||||||
77,457 | Safran S.A. | 2,870,931 | 0.8 | ||||||||||||||||
18,447 | Unibail | 3,451,752 | 1.0 | ||||||||||||||||
205,750 | Other Securities | 8,353,510 | 2.5 | ||||||||||||||||
37,682,899 | 11.1 | ||||||||||||||||||
Germany: 6.8% | |||||||||||||||||||
51,417 | Adidas AG | 4,288,677 | 1.3 | ||||||||||||||||
24,507 | Allianz AG | 2,733,537 | 0.8 | ||||||||||||||||
42,911 | Fresenius Medical Care AG & Co. KGaA | 3,047,183 | 0.9 | ||||||||||||||||
58,232 | SAP AG | 3,861,561 | 1.1 | ||||||||||||||||
30,880 | Siemens AG | 2,866,287 | 0.9 | ||||||||||||||||
276,672 | Other Securities | 6,206,931 | 1.8 | ||||||||||||||||
23,004,176 | 6.8 | ||||||||||||||||||
Hong Kong: 2.0% | |||||||||||||||||||
903,000 | AIA Group Ltd. | 3,195,601 | 0.9 | ||||||||||||||||
700,500 | Other Securities | 3,722,823 | 1.1 | ||||||||||||||||
6,918,424 | 2.0 | ||||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
India: 0.5% | |||||||||||||||||||
366,414 | Other Securities | $ | 1,705,111 | 0.5 | |||||||||||||||
Ireland: 0.5% | |||||||||||||||||||
119,900 | Other Securities | 1,653,421 | 0.5 | ||||||||||||||||
Israel: 2.6% | |||||||||||||||||||
73,980 | @ | Check Point Software Technologies | 4,300,457 | 1.3 | |||||||||||||||
96,923 | Teva Pharmaceutical Industries Ltd. ADR | 4,433,258 | 1.3 | ||||||||||||||||
8,733,715 | 2.6 | ||||||||||||||||||
Italy: 1.1% | |||||||||||||||||||
757,780 | Snam Rete Gas S.p.A. | 3,599,887 | 1.1 | ||||||||||||||||
Japan: 12.3% | |||||||||||||||||||
36,400 | Daito Trust Construction Co., Ltd. | 3,273,387 | 1.0 | ||||||||||||||||
35,903 | Fanuc Ltd. | 6,055,060 | 1.8 | ||||||||||||||||
137,730 | Komatsu Ltd. | 3,963,868 | 1.2 | ||||||||||||||||
1,118,400 | Mitsubishi UFJ Financial Group, Inc. | 5,370,012 | 1.6 | ||||||||||||||||
87,804 | Toyota Motor Corp. | 3,598,012 | 1.0 | ||||||||||||||||
702,936 | Other Securities | 19,459,801 | 5.7 | ||||||||||||||||
41,720,140 | 12.3 | ||||||||||||||||||
Macau: 0.5% | |||||||||||||||||||
434,400 | Other Securities | 1,700,800 | 0.5 | ||||||||||||||||
Malaysia: 0.1% | |||||||||||||||||||
330,200 | Other Securities | 362,276 | 0.1 | ||||||||||||||||
Mexico: 0.7% | |||||||||||||||||||
813,395 | Other Securities | 2,326,046 | 0.7 | ||||||||||||||||
Netherlands: 1.2% | |||||||||||||||||||
125,510 | Other Securities | 3,958,191 | 1.2 | ||||||||||||||||
Norway: 0.8% | |||||||||||||||||||
133,990 | Other Securities | 2,592,679 | 0.8 | ||||||||||||||||
South Korea: 2.1% | |||||||||||||||||||
12,092 | Hyundai Motor Co. | 2,854,562 | 0.8 | ||||||||||||||||
3,458 | Samsung Electronics Co., Ltd. | 4,232,458 | 1.3 | ||||||||||||||||
7,087,020 | 2.1 | ||||||||||||||||||
Sweden: 3.0% | |||||||||||||||||||
101,059 | Assa Abloy AB | 2,941,467 | 0.9 | ||||||||||||||||
79,793 | @ | Hennes & Mauritz AB | 2,735,991 | 0.8 | |||||||||||||||
248,659 | Other Securities | 4,624,627 | 1.3 | ||||||||||||||||
10,302,085 | 3.0 | ||||||||||||||||||
Switzerland: 8.9% | |||||||||||||||||||
3,169 | @ | Givaudan | 3,076,416 | 0.9 | |||||||||||||||
61,800 | Nestle S.A. | 3,787,677 | 1.1 | ||||||||||||||||
54,108 | Novartis AG | 2,987,641 | 0.9 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Switzerland: (continued) | |||||||||||||||||||
27,533 | Roche Holding AG — Genusschein | $ | 5,031,946 | 1.5 | |||||||||||||||
55,054 | @ | Swiss Re Ltd. | 3,457,010 | 1.0 | |||||||||||||||
239,024 | Other Securities | 12,023,743 | 3.5 | ||||||||||||||||
30,364,433 | 8.9 | ||||||||||||||||||
Taiwan: 2.1% | |||||||||||||||||||
1,140,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 3,369,426 | 1.0 | ||||||||||||||||
1,107,271 | Other Securities | 3,735,506 | 1.1 | ||||||||||||||||
7,104,932 | 2.1 | ||||||||||||||||||
United Arab Emirates: 0.1% | |||||||||||||||||||
112,386 | Other Securities | 382,110 | 0.1 | ||||||||||||||||
United Kingdom: 21.2% | |||||||||||||||||||
344,122 | BG Group PLC | 8,119,637 | 2.4 | ||||||||||||||||
453,283 | BP PLC | 3,274,568 | 1.0 | ||||||||||||||||
151,908 | British American Tobacco PLC | 7,791,303 | 2.3 | ||||||||||||||||
355,009 | HSBC Holdings PLC | 3,210,117 | 0.9 | ||||||||||||||||
84,233 | Imperial Tobacco Group PLC | 3,368,521 | 1.0 | ||||||||||||||||
581,831 | Kingfisher PLC | 2,743,895 | 0.8 | ||||||||||||||||
395,557 | National Grid PLC | 4,271,442 | 1.2 | ||||||||||||||||
71,129 | Reckitt Benckiser PLC | 4,140,665 | 1.2 | ||||||||||||||||
52,917 | Rio Tinto PLC | 2,966,256 | 0.9 | ||||||||||||||||
436,378 | @ | Rolls-Royce Holdings PLC | 5,834,571 | 1.7 | |||||||||||||||
208,158 | Standard Chartered PLC | 5,088,566 | 1.5 | ||||||||||||||||
704,587 | Tesco PLC | 3,630,514 | 1.1 | ||||||||||||||||
1,087,940 | Vodafone Group PLC | 3,011,381 | 0.9 | ||||||||||||||||
48,674,213 | Other Securities | 14,458,574 | 4.3 | ||||||||||||||||
71,910,010 | 21.2 | ||||||||||||||||||
United States: 3.0% | |||||||||||||||||||
48,471 | Schlumberger Ltd. | 3,593,640 | 1.1 | ||||||||||||||||
176,752 | Other Securities | 6,530,538 | 1.9 | ||||||||||||||||
10,124,178 | 3.0 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $325,540,693) | 333,139,753 | 98.2 | |||||||||||||||||
PREFERRED STOCK: 0.9% | |||||||||||||||||||
Germany: 0.9% | |||||||||||||||||||
16,425 | Volkswagen AG | 3,113,490 | 0.9 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $2,761,387) | 3,113,490 | 0.9 | |||||||||||||||||
RIGHTS: 0.0% | |||||||||||||||||||
Germany: 0.0% | |||||||||||||||||||
22,987 | Other Securities | 27,002 | 0.0 | ||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 27,002 | 0.0 | |||||||||||||||||
WARRANTS: 0.1% | |||||||||||||||||||
Telecommunications: 0.1% | |||||||||||||||||||
55,503 | Other Securities | $ | 327,179 | 0.1 | |||||||||||||||
Total Warrants | |||||||||||||||||||
(Cost $462,238) | 327,179 | 0.1 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $328,764,318) | 336,607,424 | 99.2 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.8% | |||||||||||||||||||
Mutual Funds: 1.8% | |||||||||||||||||||
6,011,371 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $6,011,371) | 6,011,371 | 1.8 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $6,011,371) | 6,011,371 | 1.8 | |||||||||||||||||
Total Investments in Securities (Cost $334,775,689) | $ | 342,618,795 | 101.0 | ||||||||||||||||
Liabilities in Excess of Other Assets | (3,424,679 | ) | (1.0 | ) | |||||||||||||||
Net Assets | $ | 339,194,116 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
Cost for federal income tax purposes is $337,673,645. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 22,052,680 | ||||
Gross Unrealized Depreciation | (17,107,530 | ) | ||||
Net Unrealized Appreciation | $ | 4,945,150 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 15.8 | % | ||||
Consumer Staples | 12.8 | |||||
Energy | 8.3 | |||||
Financials | 16.5 | |||||
Health Care | 10.0 | |||||
Industrials | 15.2 | |||||
Information Technology | 9.4 | |||||
Materials | 7.1 | |||||
Telecommunications | 2.4 | |||||
Utilities | 1.7 | |||||
Short-Term Investments | 1.8 | |||||
Liabilities in Excess of Other Assets | (1.0 | ) | ||||
Net Assets | 100.0 | % |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 2,124,833 | $ | — | $ | 2,124,833 | ||||||||||
Belgium | — | 2,960,147 | — | 2,960,147 | ||||||||||||||
Brazil | 10,150,069 | 1,416,807 | — | 11,566,876 | ||||||||||||||
Canada | 16,027,140 | — | — | 16,027,140 | ||||||||||||||
Chile | 918,231 | — | — | 918,231 | ||||||||||||||
China | 916,692 | 19,151,009 | — | 20,067,701 | ||||||||||||||
Denmark | — | 4,923,928 | — | 4,923,928 | ||||||||||||||
Finland | — | 1,318,364 | — | 1,318,364 | ||||||||||||||
France | — | 37,682,899 | — | 37,682,899 | ||||||||||||||
Germany | — | 23,004,176 | — | 23,004,176 | ||||||||||||||
Hong Kong | — | 6,918,424 | — | 6,918,424 | ||||||||||||||
India | — | 1,705,111 | — | 1,705,111 | ||||||||||||||
Ireland | 1,653,421 | — | — | 1,653,421 | ||||||||||||||
Israel | 8,733,715 | — | — | 8,733,715 | ||||||||||||||
Italy | — | 3,599,887 | — | 3,599,887 | ||||||||||||||
Japan | — | 41,720,140 | — | 41,720,140 | ||||||||||||||
Macau | — | 1,700,800 | — | 1,700,800 | ||||||||||||||
Malaysia | — | 362,276 | — | 362,276 | ||||||||||||||
Mexico | 2,326,046 | — | — | 2,326,046 | ||||||||||||||
Netherlands | 3,958,191 | — | — | 3,958,191 | ||||||||||||||
Norway | — | 2,592,679 | — | 2,592,679 | ||||||||||||||
South Korea | — | 7,087,020 | — | 7,087,020 | ||||||||||||||
Sweden | — | 10,302,085 | — | 10,302,085 | ||||||||||||||
Switzerland | 1,117,013 | 29,247,420 | — | 30,364,433 | ||||||||||||||
Taiwan | — | 7,104,932 | — | 7,104,932 | ||||||||||||||
United Arab Emirates | 382,110 | — | — | 382,110 | ||||||||||||||
United Kingdom | 2,328,090 | 69,581,920 | — | 71,910,010 | ||||||||||||||
United States | 10,043,157 | 81,021 | — | 10,124,178 | ||||||||||||||
Total Common Stock | 58,553,875 | 274,585,878 | — | 333,139,753 | ||||||||||||||
Preferred Stock | — | 3,113,490 | — | 3,113,490 | ||||||||||||||
Rights | — | 27,002 | — | 27,002 | ||||||||||||||
Warrants | — | 327,179 | — | 327,179 | ||||||||||||||
Short-Term Investments | 6,011,371 | — | — | 6,011,371 | ||||||||||||||
Total Investments, at value | $ | 64,565,246 | $ | 278,053,549 | $ | — | $ | 342,618,795 | ||||||||||
Other Financial Instruments+ | ||||||||||||||||||
Forward Foreign Currency Contracts | — | 319,948 | — | 319,948 | ||||||||||||||
Total Assets | $ | 64,565,246 | $ | 278,373,497 | $ | — | $ | 342,938,743 |
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 Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 43,686 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (43,686 | ) | $ | — | |||||||||||||||||||
Total Investments, at value | $ | 43,686 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (43,686 | ) | $ | — |
Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
State Street | EU Euro | 6,499,600 | Sell | 05/09/12 | $ | 8,923,756 | $ | 8,603,808 | $ | 319,948 | ||||||||||||||||||||
$ | 319,948 |
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset Derivatives | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 319,948 | |||||||
Total Asset Derivatives | $ | 319,948 |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | |||||||||
Foreign exchange contracts | $ | 529,239 | ||||||||
Total | $ | 529,239 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | |||||||||
Foreign exchange contracts | $ | 31,593 | ||||||||
Total | $ | 31,593 |
* | 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. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 101.0% | |||||||||||||||||||
Australia: 5.4% | |||||||||||||||||||
322,970 | L | Aristocrat Leisure Ltd. | $ | 1,039,430 | 0.7 | ||||||||||||||
129,314 | Brambles Ltd. | 970,246 | 0.7 | ||||||||||||||||
27,624 | Cochlear Ltd. | 1,881,422 | 1.3 | ||||||||||||||||
129,644 | Seek Ltd. | 958,794 | 0.7 | ||||||||||||||||
385,714 | Other Securities | 2,931,359 | 2.0 | ||||||||||||||||
7,781,251 | 5.4 | ||||||||||||||||||
Belgium: 1.4% | |||||||||||||||||||
13,139 | Anheuser-Busch InBev NV | 946,997 | 0.7 | ||||||||||||||||
20,294 | Other Securities(a) | 1,080,066 | 0.7 | ||||||||||||||||
2,027,063 | 1.4 | ||||||||||||||||||
Brazil: 2.6% | |||||||||||||||||||
65,800 | Itau Unibanco Holding SA ADR | 1,032,402 | 0.7 | ||||||||||||||||
309,700 | Other Securities | 2,709,312 | 1.9 | ||||||||||||||||
3,741,714 | 2.6 | �� | |||||||||||||||||
Canada: 1.9% | |||||||||||||||||||
86,000 | Other Securities | 2,732,078 | 1.9 | ||||||||||||||||
China: 5.2% | |||||||||||||||||||
8,500 | @ | Baidu.com ADR | 1,127,950 | 0.8 | |||||||||||||||
30,015 | Mindray Medical International Ltd. ADR | 983,291 | 0.7 | ||||||||||||||||
3,426,000 | Other Securities | 5,313,465 | 3.7 | ||||||||||||||||
7,424,706 | 5.2 | ||||||||||||||||||
Denmark: 4.2% | |||||||||||||||||||
29,749 | Carlsberg A/S | 2,567,986 | 1.8 | ||||||||||||||||
12,646 | Novo-Nordisk A/S | 1,864,311 | 1.3 | ||||||||||||||||
53,451 | Other Securities | 1,527,193 | 1.1 | ||||||||||||||||
5,959,490 | 4.2 | ||||||||||||||||||
Finland: 1.2% | |||||||||||||||||||
23,971 | Kone OYJ | 1,483,420 | 1.0 | ||||||||||||||||
72,307 | Other Securities | 261,874 | 0.2 | ||||||||||||||||
1,745,294 | 1.2 | ||||||||||||||||||
France: 4.5% | |||||||||||||||||||
25,858 | Total S.A. | 1,241,275 | 0.9 | ||||||||||||||||
124,426 | Other Securities | 5,199,410 | 3.6 | ||||||||||||||||
6,440,685 | 4.5 | ||||||||||||||||||
Germany: 3.3% | |||||||||||||||||||
14,508 | Adidas AG | 1,210,108 | 0.9 | ||||||||||||||||
70,315 | Other Securities | 3,483,804 | 2.4 | ||||||||||||||||
4,693,912 | 3.3 | ||||||||||||||||||
Hong Kong: 3.8% | |||||||||||||||||||
348,000 | Cafe de Coral Holdings Ltd. | 953,327 | 0.7 | ||||||||||||||||
850,000 | Li & Fung Ltd. | 1,812,577 | 1.2 | ||||||||||||||||
487,050 | Other Securities | 2,742,920 | 1.9 | ||||||||||||||||
5,508,824 | 3.8 | ||||||||||||||||||
India: 1.7% | |||||||||||||||||||
7,769 | # | Reliance Industries Ltd. GDR | 219,737 | 0.1 | |||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
India: (continued) | |||||||||||||||||||
353,054 | Other Securities | $ | 2,282,845 | 1.6 | |||||||||||||||
2,502,582 | 1.7 | ||||||||||||||||||
Indonesia: 0.4% | |||||||||||||||||||
507,838 | Other Securities | 605,096 | 0.4 | ||||||||||||||||
Ireland: 0.3% | |||||||||||||||||||
7,600 | Other Securities | 493,620 | 0.3 | ||||||||||||||||
Israel: 0.5% | |||||||||||||||||||
106,753 | Other Securities(a) | 741,933 | 0.5 | ||||||||||||||||
Italy: 1.4% | |||||||||||||||||||
79,044 | Fiat Industrial SpA | 897,313 | 0.6 | ||||||||||||||||
75,059 | Other Securities | 1,053,847 | 0.8 | ||||||||||||||||
1,951,160 | 1.4 | ||||||||||||||||||
Japan: 13.4% | |||||||||||||||||||
57,100 | Asahi Group Holdings, Ltd | 1,285,734 | 0.9 | ||||||||||||||||
4,700 | Fast Retailing Co., Ltd. | 1,050,300 | 0.7 | ||||||||||||||||
204 | Inpex Holdings, Inc. | 1,346,912 | 1.0 | ||||||||||||||||
48,700 | Kao Corp. | 1,304,933 | 0.9 | ||||||||||||||||
77,100 | Namco Bandai Holdings, Inc. | 1,102,430 | 0.8 | ||||||||||||||||
907 | Rakuten, Inc. | 1,011,621 | 0.7 | ||||||||||||||||
26,000 | Sankyo Co., Ltd. | 1,253,598 | 0.9 | ||||||||||||||||
51,700 | THK Co., Ltd. | 1,033,887 | 0.7 | ||||||||||||||||
367,469 | Other Securities | 9,802,070 | 6.8 | ||||||||||||||||
19,191,485 | 13.4 | ||||||||||||||||||
Kazakhstan: 0.6% | |||||||||||||||||||
40,600 | Other Securities(a) | 810,211 | 0.6 | ||||||||||||||||
Malaysia: 0.2% | |||||||||||||||||||
126,800 | Other Securities | 309,862 | 0.2 | ||||||||||||||||
Mexico: 0.2% | |||||||||||||||||||
9,039 | Other Securities | 230,307 | 0.2 | ||||||||||||||||
Netherlands: 1.3% | |||||||||||||||||||
71,152 | Other Securities | 1,927,248 | 1.3 | ||||||||||||||||
Norway: 1.1% | |||||||||||||||||||
26,583 | SeaDrill Ltd. | 1,030,677 | 0.7 | ||||||||||||||||
19,825 | Other Securities | 513,447 | 0.4 | ||||||||||||||||
1,544,124 | 1.1 | ||||||||||||||||||
Portugal: 0.3% | |||||||||||||||||||
23,798 | Other Securities | 445,365 | 0.3 | ||||||||||||||||
Russia: 0.4% | |||||||||||||||||||
30,874 | Other Securities | 549,953 | 0.4 | ||||||||||||||||
Singapore: 1.6% | |||||||||||||||||||
86,775 | United Overseas Bank Ltd. | 1,346,348 | 0.9 | ||||||||||||||||
303,000 | Other Securities | 968,168 | 0.7 | ||||||||||||||||
2,314,516 | 1.6 | ||||||||||||||||||
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
South Africa: 0.6% | |||||||||||||||||||
138,563 | Other Securities | $ | 833,305 | 0.6 | |||||||||||||||
South Korea: 1.9% | |||||||||||||||||||
3,277 | Samsung Electronics Co., Ltd. GDR | 1,999,753 | 1.4 | ||||||||||||||||
2,708 | Other Securities | 696,579 | 0.5 | ||||||||||||||||
2,696,332 | 1.9 | ||||||||||||||||||
Spain: 1.5% | |||||||||||||||||||
193,915 | @ | Distribuidora Internacional de Alimentacion SA | 931,033 | 0.6 | |||||||||||||||
79,358 | Other Securities | 1,242,206 | 0.9 | ||||||||||||||||
2,173,239 | 1.5 | ||||||||||||||||||
Sweden: 4.7% | |||||||||||||||||||
103,016 | Atlas Copco AB — Class B | 2,163,363 | 1.5 | ||||||||||||||||
51,944 | Scania AB — B Shares | 1,061,475 | 0.7 | ||||||||||||||||
65,044 | Svenska Handelsbanken AB | 2,105,368 | 1.5 | ||||||||||||||||
60,134 | Other Securities(a) | 1,365,216 | 1.0 | ||||||||||||||||
6,695,422 | 4.7 | ||||||||||||||||||
Switzerland: 9.0% | |||||||||||||||||||
15,049 | Compagnie Financiere Richemont S.A. | 931,513 | 0.7 | ||||||||||||||||
4,492 | @ | Geberit AG — Reg | 949,769 | 0.7 | |||||||||||||||
5,572 | @ | Mettler Toledo International, Inc. | 999,171 | 0.7 | |||||||||||||||
40,307 | Nestle S.A. | 2,470,387 | 1.7 | ||||||||||||||||
15,013 | Roche Holding AG — Genusschein | 2,743,784 | 1.9 | ||||||||||||||||
8,118 | Schindler Holding AG | 1,050,611 | 0.7 | ||||||||||||||||
128,959 | Other Securities | 3,701,012 | 2.6 | ||||||||||||||||
12,846,247 | 9.0 | ||||||||||||||||||
Taiwan: 1.4% | |||||||||||||||||||
99,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 292,608 | 0.2 | ||||||||||||||||
61,600 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 959,728 | 0.7 | ||||||||||||||||
195,290 | Other Securities | 732,193 | 0.5 | ||||||||||||||||
1,984,529 | 1.4 | ||||||||||||||||||
Thailand: 0.1% | |||||||||||||||||||
35,400 | Other Securities | 187,590 | 0.1 | ||||||||||||||||
Turkey: 1.1% | |||||||||||||||||||
343,895 | @ | Turkiye Garanti Bankasi A/S | 1,266,064 | 0.9 | |||||||||||||||
6,910 | Other Securities | 288,209 | 0.2 | ||||||||||||||||
1,554,273 | 1.1 | ||||||||||||||||||
United Arab Emirates: 0.3% | |||||||||||||||||||
36,577 | Other Securities | 418,454 | 0.3 | ||||||||||||||||
United Kingdom: 20.6% | |||||||||||||||||||
76,564 | BG Group PLC | 1,806,545 | 1.2 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
United Kingdom: (continued) | |||||||||||||||||||
66,316 | BHP Billiton PLC | $ | 2,134,839 | 1.5 | |||||||||||||||
31,000 | Imperial Tobacco Group PLC | 1,239,706 | 0.9 | ||||||||||||||||
43,760 | Intertek Group PLC | 1,786,673 | 1.2 | ||||||||||||||||
131,795 | John Wood Group PLC | 1,673,592 | 1.2 | ||||||||||||||||
42,000 | Johnson Matthey PLC | 1,577,162 | 1.1 | ||||||||||||||||
54,387 | Rightmove PLC | 1,360,757 | 0.9 | ||||||||||||||||
65,607 | Standard Chartered PLC | 1,603,808 | 1.1 | ||||||||||||||||
38,466 | Unilever PLC | 1,314,077 | 0.9 | ||||||||||||||||
80,670 | WPP PLC | 1,092,352 | 0.8 | ||||||||||||||||
7,325,714 | Other Securities | 13,993,606 | 9.8 | ||||||||||||||||
29,583,117 | 20.6 | ||||||||||||||||||
United States: 2.9% | |||||||||||||||||||
34,715 | Coca-Cola Enterprises, Inc. | 1,045,616 | 0.7 | ||||||||||||||||
124,587 | Other Securities | 3,136,290 | 2.2 | ||||||||||||||||
4,181,906 | 2.9 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $146,028,781) | 144,826,893 | 101.0 | |||||||||||||||||
PREFERRED STOCK: 0.1% | |||||||||||||||||||
United States: 0.1% | |||||||||||||||||||
4,440 | Other Securities | 146,169 | 0.1 | ||||||||||||||||
Total Preferred Stock | |||||||||||||||||||
(Cost $146,169) | 146,169 | 0.1 | |||||||||||||||||
Total Long-Term Investments | |||||||||||||||||||
(Cost $146,174,950) | 144,973,062 | 101.1 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 2.6% | |||||||||||||||||||
Securities Lending Collateralcc(1): 1.9% | |||||||||||||||||||
772,080 | Credit Suisse Securities, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $772,084, collateralized by various U.S. Government Securities, 0.625%–2.375%, Market Value plus accrued interest $787,524, due 04/30/13–02/15/41) | 772,080 | 0.5 | ||||||||||||||||
1,000,000 | Deutsche Bank AG, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 2.491%–7.000%, Market Value plus accrued interest $1,020,000, due 08/01/25–04/01/42) | 1,000,000 | 0.7 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateralcc(1): (continued) | |||||||||||||||||||
1,000,000 | Royal Bank of Canada, Repurchase Agreement dated 04/30/12, 0.20%, due 05/01/12 (Repurchase Amount $1,000,005, collateralized by various U.S. Government Agency Obligations, 0.000%–5.000%, Market Value plus accrued interest $1,020,000, due 07/30/12–03/01/42) | $ | 1,000,000 | 0.7 | |||||||||||||||
2,772,080 | 1.9 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
Mutual Funds: 0.7% | |||||||||||||||||||
938,428 | T. Rowe Price Reserve Investment Fund (Cost $938,428) | 938,428 | 0.7 | ||||||||||||||||
Total Short-Term Investments | |||||||||||||||||||
(Cost $3,710,508) | 3,710,508 | 2.6 | |||||||||||||||||
Total Investments in Securities (Cost $149,885,458) | $ | 148,683,570 | 103.7 | ||||||||||||||||
Liabilities in Excess of Other Assets | (5,354,156 | ) | (3.7 | ) | |||||||||||||||
Net Assets | $ | 143,329,414 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $150,191,452. |
Net unrealized depreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 11,991,244 | ||||
Gross Unrealized Depreciation | (13,499,126 | ) | ||||
Net Unrealized Depreciation | $ | (1,507,882 | ) |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 19.8 | % | ||||
Consumer Staples | 13.7 | |||||
Energy | 9.0 | |||||
Financials | 18.0 | |||||
Health Care | 9.7 | |||||
Industrials | 16.5 | |||||
Information Technology | 6.2 | |||||
Materials | 6.9 | |||||
Telecommunications | 1.2 | |||||
Utilities | 0.1 | |||||
Short-Term Investments | 2.6 | |||||
Liabilities in Excess of Other Assets | (3.7 | ) | ||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 7,781,251 | $ | — | $ | 7,781,251 | ||||||||||
Belgium | 946,997 | 1,080,066 | — | 2,027,063 | ||||||||||||||
Brazil | 2,709,312 | 1,032,402 | — | 3,741,714 | ||||||||||||||
Canada | 2,732,078 | — | — | 2,732,078 | ||||||||||||||
China | 2,850,547 | 4,574,159 | — | 7,424,706 | ||||||||||||||
Denmark | — | 5,959,490 | — | 5,959,490 | ||||||||||||||
Finland | — | 1,745,294 | — | 1,745,294 | ||||||||||||||
France | — | 6,440,685 | — | 6,440,685 | ||||||||||||||
Germany | — | 4,693,912 | — | 4,693,912 | ||||||||||||||
Hong Kong | — | 5,508,824 | — | 5,508,824 | ||||||||||||||
India | 321,980 | 2,180,602 | — | 2,502,582 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Indonesia | $ | 406,743 | $ | 198,353 | $ | — | $ | 605,096 | ||||||||||
Ireland | 493,620 | — | — | 493,620 | ||||||||||||||
Israel | 741,933 | — | — | 741,933 | ||||||||||||||
Italy | — | 1,951,160 | — | 1,951,160 | ||||||||||||||
Japan | 708,885 | 18,482,600 | — | 19,191,485 | ||||||||||||||
Kazakhstan | — | 810,211 | — | 810,211 | ||||||||||||||
Malaysia | — | 309,862 | — | 309,862 | ||||||||||||||
Mexico | — | 230,307 | — | 230,307 | ||||||||||||||
Netherlands | 419,173 | 1,508,075 | — | 1,927,248 | ||||||||||||||
Norway | — | 1,544,124 | — | 1,544,124 | ||||||||||||||
Portugal | — | 445,365 | — | 445,365 | ||||||||||||||
Russia | 242,385 | 307,568 | — | 549,953 | ||||||||||||||
Singapore | — | 2,314,516 | — | 2,314,516 | ||||||||||||||
South Africa | — | 833,305 | — | 833,305 | ||||||||||||||
South Korea | — | 2,696,332 | — | 2,696,332 | ||||||||||||||
Spain | — | 2,173,239 | — | 2,173,239 | ||||||||||||||
Sweden | — | 6,695,422 | — | 6,695,422 | ||||||||||||||
Switzerland | 2,003,320 | 10,842,927 | — | 12,846,247 | ||||||||||||||
Taiwan | 959,728 | 1,024,801 | — | 1,984,529 | ||||||||||||||
Thailand | — | 187,590 | — | 187,590 | ||||||||||||||
Turkey | — | 1,554,273 | — | 1,554,273 | ||||||||||||||
United Arab Emirates | — | 418,454 | — | 418,454 | ||||||||||||||
United Kingdom | — | 29,583,117 | — | 29,583,117 | ||||||||||||||
United States | 4,181,906 | — | — | 4,181,906 | ||||||||||||||
Total Common Stock | 19,718,607 | 125,108,286 | — | 144,826,893 | ||||||||||||||
Preferred Stock | — | — | 146,169 | 146,169 | ||||||||||||||
Short-Term Investments | 938,428 | 2,772,080 | — | 3,710,508 | ||||||||||||||
Total Investments, at value | $ | 20,657,035 | $ | 127,880,366 | $ | 146,169 | $ | 148,683,570 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Asset Table | Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 5,661 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (5,661 | ) | $ | — | |||||||||||||||||||
Preferred Stock | — | — | — | — | — | — | 146,169 | — | 146,169 | |||||||||||||||||||||||||||||
Total Investments, at value | $ | 5,661 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 146,169 | $ | (5,661 | ) | $ | 146,169 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions** | |||||||||
Foreign exchange contracts | $ | 8,876 | ||||||||
Total | $ | 8,876 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | |||||||||
Foreign exchange contracts | $ | 3,916 | ||||||||
Total | $ | 3,916 |
* | 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. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.2% | |||||||||||||||||||
Australia: 15.2% | |||||||||||||||||||
2,593,800 | CFS Retail Property Trust | $ | 5,188,292 | 1.1 | |||||||||||||||
8,049,257 | Dexus Property Group | 7,809,584 | 1.6 | ||||||||||||||||
2,257,044 | Goodman Group | 8,438,636 | 1.8 | ||||||||||||||||
980,639 | GPT Group | 3,338,578 | 0.7 | ||||||||||||||||
1,378,900 | Investa Office Fund | 3,913,972 | 0.8 | ||||||||||||||||
3,166,817 | Mirvac Group | 4,255,220 | 0.9 | ||||||||||||||||
1,899,800 | Stockland | 6,102,977 | 1.3 | ||||||||||||||||
2,625,976 | Westfield Group | 25,107,870 | 5.3 | ||||||||||||||||
7,699,890 | Other Securities | 7,942,064 | 1.7 | ||||||||||||||||
72,097,193 | 15.2 | ||||||||||||||||||
Austria: 0.8% | |||||||||||||||||||
943,118 | Other Securities | 3,678,531 | 0.8 | ||||||||||||||||
Brazil: 0.4% | |||||||||||||||||||
145,000 | Other Securities | 1,915,642 | 0.4 | ||||||||||||||||
Canada: 4.1% | |||||||||||||||||||
65,900 | Boardwalk Real Estate Investment Trust | 3,923,247 | 0.8 | ||||||||||||||||
507,450 | Brookfield Properties Co. | 9,215,292 | 2.0 | ||||||||||||||||
224,100 | RioCan Real Estate Investment Trust | 6,156,880 | 1.3 | ||||||||||||||||
19,295,419 | 4.1 | ||||||||||||||||||
China: 2.6% | |||||||||||||||||||
10,885,100 | @ | Country Garden Holdings Co. Ltd. | 4,694,365 | 1.0 | |||||||||||||||
7,800,000 | Evergrande Real Estate Group Ltd. | 4,477,876 | 0.9 | ||||||||||||||||
3,469,000 | Other Securities | 3,074,492 | 0.7 | ||||||||||||||||
12,246,733 | 2.6 | ||||||||||||||||||
Finland: 0.2% | |||||||||||||||||||
291,610 | Other Securities | 966,005 | 0.2 | ||||||||||||||||
France: 7.4% | |||||||||||||||||||
58,436 | Fonciere Des Regions | 4,527,804 | 0.9 | ||||||||||||||||
58,245 | @ | ICADE | 4,913,911 | 1.0 | |||||||||||||||
148,055 | Klepierre | 4,693,647 | 1.0 | ||||||||||||||||
97,808 | Unibail | 18,301,564 | 3.9 | ||||||||||||||||
28,921 | Other Securities | 2,861,986 | 0.6 | ||||||||||||||||
35,298,912 | 7.4 | ||||||||||||||||||
Germany: 0.9% | |||||||||||||||||||
311,725 | Other Securities | 4,037,796 | 0.9 | ||||||||||||||||
Hong Kong: 19.2% | |||||||||||||||||||
1,549,965 | Cheung Kong Holdings Ltd. | 20,498,378 | 4.3 | ||||||||||||||||
3,448,895 | Hang Lung Properties Ltd. | 12,679,952 | 2.7 | ||||||||||||||||
1,396,694 | Hongkong Land Holdings Ltd. | 8,646,987 | 1.8 | ||||||||||||||||
1,770,600 | Kerry Properties Ltd. | 8,033,969 | 1.7 | ||||||||||||||||
2,450,400 | Link Real Estate Investment Trust | 10,194,654 | 2.2 | ||||||||||||||||
4,688,200 | Sino Land Co. | 8,041,899 | 1.7 | ||||||||||||||||
1,220,800 | Sun Hung Kai Properties Ltd. | 14,622,618 | 3.1 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Hong Kong: (continued) | |||||||||||||||||||
679,285 | Wharf Holdings Ltd. | $ | 4,028,407 | 0.8 | |||||||||||||||
1,849,000 | Other Securities | 4,478,379 | 0.9 | ||||||||||||||||
91,225,243 | 19.2 | ||||||||||||||||||
Italy: 0.1% | |||||||||||||||||||
1,179,920 | Other Securities | 655,402 | 0.1 | ||||||||||||||||
Japan: 24.0% | |||||||||||||||||||
2,400 | Advance Residence Investment Corp. | 4,639,842 | 1.0 | ||||||||||||||||
167,600 | Aeon Mall Co., Ltd. | 3,716,712 | 0.8 | ||||||||||||||||
102,200 | Daito Trust Construction Co., Ltd. | 9,190,663 | 1.9 | ||||||||||||||||
804 | Japan Real Estate Investment Corp. | 7,122,520 | 1.5 | ||||||||||||||||
4,223 | Japan Retail Fund Investment Corp. | 6,733,278 | 1.4 | ||||||||||||||||
1,814 | Kenedix Realty Investment Corp. | 6,324,291 | 1.3 | ||||||||||||||||
1,601,400 | Mitsubishi Estate Co., Ltd. | 28,310,098 | 6.0 | ||||||||||||||||
1,288,477 | Mitsui Fudosan Co., Ltd. | 23,600,789 | 5.0 | ||||||||||||||||
528 | Nippon Building Fund, Inc. | 5,017,144 | 1.0 | ||||||||||||||||
252,100 | Sumitomo Realty & Development Co., Ltd. | 6,011,764 | 1.3 | ||||||||||||||||
1,745,000 | Tokyo Tatemono Co., Ltd. | 6,443,507 | 1.4 | ||||||||||||||||
4,023 | United Urban Investment Corp. | 4,740,102 | 1.0 | ||||||||||||||||
305 | Other Securities | 2,013,970 | 0.4 | ||||||||||||||||
113,864,680 | 24.0 | ||||||||||||||||||
Netherlands: 1.1% | |||||||||||||||||||
91,732 | Corio NV | 4,109,333 | 0.9 | ||||||||||||||||
27,410 | Other Securities | 961,624 | 0.2 | ||||||||||||||||
5,070,957 | 1.1 | ||||||||||||||||||
Philippines: 0.5% | |||||||||||||||||||
50,000,000 | Other Securities | 2,556,872 | 0.5 | ||||||||||||||||
Singapore: 9.2% | |||||||||||||||||||
6,860,900 | CapitaCommercial Trust | 7,135,469 | 1.5 | ||||||||||||||||
4,488,400 | CapitaLand Ltd. | 10,609,134 | 2.2 | ||||||||||||||||
4,124,683 | CapitaMall Trust | 5,988,466 | 1.3 | ||||||||||||||||
4,650,000 | CapitaMalls Asia Ltd. | 5,763,588 | 1.2 | ||||||||||||||||
3,616,600 | @ | Global Logistic Properties Ltd. | 6,001,785 | 1.3 | |||||||||||||||
7,437,400 | Other Securities | 7,997,898 | 1.7 | ||||||||||||||||
43,496,340 | 9.2 | ||||||||||||||||||
Sweden: 1.6% | |||||||||||||||||||
302,796 | Castellum AB | 3,834,105 | 0.8 | ||||||||||||||||
359,903 | Other Securities | 3,603,801 | 0.8 | ||||||||||||||||
7,437,906 | 1.6 | ||||||||||||||||||
Switzerland: 1.6% | |||||||||||||||||||
47,683 | @ | PSP Swiss Property AG | 4,285,042 | 0.9 | |||||||||||||||
39,774 | @ | Swiss Prime Site AG | 3,317,180 | 0.7 | |||||||||||||||
7,602,222 | 1.6 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
United Kingdom: 8.3% | |||||||||||||||||||
602,230 | British Land Co. PLC | $ | 4,784,169 | 1.0 | |||||||||||||||
568,753 | Great Portland Estates PLC | 3,324,361 | 0.7 | ||||||||||||||||
1,006,959 | Hammerson PLC | 6,826,505 | 1.4 | ||||||||||||||||
840,681 | Land Securities Group PLC | 9,927,882 | 2.1 | ||||||||||||||||
6,256,427 | Other Securities | 14,466,613 | 3.1 | ||||||||||||||||
39,329,530 | 8.3 | ||||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $389,279,484) | 460,775,383 | 97.2 | |||||||||||||||||
RIGHTS: 0.0% | |||||||||||||||||||
Germany: 0.0% | |||||||||||||||||||
59,525 | Other Securities | 69,921 | 0.0 | ||||||||||||||||
Total Rights | |||||||||||||||||||
(Cost $—) | 69,921 | 0.0 | |||||||||||||||||
Total Investments in Securities (Cost $389,279,484) | $ | 460,845,304 | 97.2 | ||||||||||||||||
Assets in Excess of Other Liabilities | 13,085,382 | 2.8 | |||||||||||||||||
Net Assets | $ | 473,930,686 | 100.0 |
@ | Non-income producing security |
Cost for federal income tax purposes is $443,803,558. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 59,346,428 | ||||
Gross Unrealized Depreciation | (42,304,682 | ) | ||||
Net Unrealized Appreciation | $ | 17,041,746 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Financials | 97.2 | % | ||||
Assets in Excess of Other Liabilities | 2.8 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 72,097,193 | $ | — | $ | 72,097,193 | ||||||||||
Austria | — | 3,678,531 | — | 3,678,531 | ||||||||||||||
Brazil | 1,915,642 | — | — | 1,915,642 | ||||||||||||||
Canada | 19,295,419 | — | — | 19,295,419 | ||||||||||||||
China | — | 12,246,733 | — | 12,246,733 | ||||||||||||||
Finland | — | 966,005 | — | 966,005 | ||||||||||||||
France | 1,481,361 | 33,817,551 | — | 35,298,912 | ||||||||||||||
Germany | — | 4,037,796 | — | 4,037,796 | ||||||||||||||
Hong Kong | — | 91,225,243 | — | 91,225,243 | ||||||||||||||
Italy | — | 655,402 | — | 655,402 | ||||||||||||||
Japan | — | 113,864,680 | — | 113,864,680 | ||||||||||||||
Netherlands | — | 5,070,957 | — | 5,070,957 | ||||||||||||||
Philippines | — | 2,556,872 | — | 2,556,872 | ||||||||||||||
Singapore | — | 43,496,340 | — | 43,496,340 | ||||||||||||||
Sweden | — | 7,437,906 | — | 7,437,906 | ||||||||||||||
Switzerland | — | 7,602,222 | — | 7,602,222 | ||||||||||||||
United Kingdom | 3,187,834 | 36,141,696 | — | 39,329,530 | ||||||||||||||
Total Common Stock | 25,880,256 | 434,895,127 | — | 460,775,383 | ||||||||||||||
Rights | — | 69,921 | — | 69,921 | ||||||||||||||
Total Investments, at value | $ | 25,880,256 | $ | 434,965,048 | $ | — | $ | 460,845,304 |
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 Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
There were no significant transfers between Level 1 and 2 during the period ended April 30, 2012. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.4% | |||||||||||||||||||
Australia: 6.5% | |||||||||||||||||||
160,913 | Amcor Ltd. | $ | 1,255,911 | 0.5 | |||||||||||||||
79,479 | Ansell Ltd. | 1,223,583 | 0.5 | ||||||||||||||||
143,254 | Computershare Ltd. | 1,249,416 | 0.5 | ||||||||||||||||
589,494 | @ | Starpharma Holdings Ltd. | 1,135,330 | 0.4 | |||||||||||||||
7,476,291 | Other Securities | 12,133,694 | 4.6 | ||||||||||||||||
16,997,934 | 6.5 | ||||||||||||||||||
Austria: 1.9% | |||||||||||||||||||
20,000 | Kapsch TrafficCom AG | 1,787,502 | 0.7 | ||||||||||||||||
14,000 | Mayr Melnhof Karton AG | 1,427,173 | 0.6 | ||||||||||||||||
28,000 | Rosenbauer International AG | 1,663,980 | 0.6 | ||||||||||||||||
3,098 | Other Securities | 28,700 | 0.0 | ||||||||||||||||
4,907,355 | 1.9 | ||||||||||||||||||
Belgium: 1.2% | |||||||||||||||||||
42,688 | Tessenderlo Chemie NV | 1,353,298 | 0.5 | ||||||||||||||||
264,993 | Other Securities | 1,764,212 | 0.7 | ||||||||||||||||
3,117,510 | 1.2 | ||||||||||||||||||
Bermuda: 0.0% | |||||||||||||||||||
6,361 | Other Securities | 39,184 | 0.0 | ||||||||||||||||
Brazil: 0.5% | |||||||||||||||||||
146,939 | Other Securities | 1,424,114 | 0.5 | ||||||||||||||||
Canada: 4.0% | |||||||||||||||||||
43,500 | Dorel Industries, Inc. | 1,316,207 | 0.5 | ||||||||||||||||
1,125,815 | Other Securities | 9,273,723 | 3.5 | ||||||||||||||||
10,589,930 | 4.0 | ||||||||||||||||||
China: 2.8% | |||||||||||||||||||
2,366,000 | GZI Transport Ltd. | 1,138,648 | 0.5 | ||||||||||||||||
16,740,388 | Other Securities(a) | 6,140,226 | 2.3 | ||||||||||||||||
7,278,874 | 2.8 | ||||||||||||||||||
Denmark: 0.7% | |||||||||||||||||||
60,914 | Other Securities | 1,717,549 | 0.7 | ||||||||||||||||
Egypt: 0.0% | |||||||||||||||||||
22,862 | Other Securities | 44,924 | 0.0 | ||||||||||||||||
Finland: 0.1% | |||||||||||||||||||
41,224 | Other Securities | 237,517 | 0.1 | ||||||||||||||||
France: 4.0% | |||||||||||||||||||
40,000 | Bourbon SA | 1,171,610 | 0.5 | ||||||||||||||||
160,000 | Groupe Eurotunnel S.A. | 1,346,177 | 0.5 | ||||||||||||||||
499,495 | Other Securities | 7,880,230 | 3.0 | ||||||||||||||||
10,398,017 | 4.0 | ||||||||||||||||||
Germany: 7.7% | |||||||||||||||||||
31,742 | Aurubis AG | 1,766,661 | 0.6 | ||||||||||||||||
28,338 | Bechtle AG | 1,276,440 | 0.5 | ||||||||||||||||
18,414 | Draegerwerk AG & Co. KGaA | 2,074,217 | 0.8 | ||||||||||||||||
90,000 | Freenet AG | 1,565,252 | 0.6 | ||||||||||||||||
32,000 | Rheinmetall AG | 1,798,211 | 0.7 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Germany: (continued) | |||||||||||||||||||
70,000 | @ | Tom Tailor Holding AG | $ | 1,302,353 | 0.5 | ||||||||||||||
565,832 | Other Securities(a) | 10,543,396 | 4.0 | ||||||||||||||||
20,326,530 | 7.7 | ||||||||||||||||||
Hong Kong: 4.2% | |||||||||||||||||||
1,021,500 | Techtronic Industries Co. | 1,226,077 | 0.5 | ||||||||||||||||
49,596,821 | Other Securities | 9,886,966 | 3.7 | ||||||||||||||||
11,113,043 | 4.2 | ||||||||||||||||||
India: 0.9% | |||||||||||||||||||
934,949 | Other Securities | 2,435,791 | 0.9 | ||||||||||||||||
Indonesia: 0.6% | |||||||||||||||||||
16,224,000 | Ciputra Property TBK PT | 1,393,405 | 0.5 | ||||||||||||||||
8,253,500 | Other Securities | 259,091 | 0.1 | ||||||||||||||||
1,652,496 | 0.6 | ||||||||||||||||||
Ireland: 1.8% | |||||||||||||||||||
60,000 | DCC Plc | 1,509,314 | 0.6 | ||||||||||||||||
686,430 | Other Securities | 3,248,717 | 1.2 | ||||||||||||||||
4,758,031 | 1.8 | ||||||||||||||||||
Israel: 0.1% | |||||||||||||||||||
36,957 | Other Securities | 189,081 | 0.1 | ||||||||||||||||
Italy: 2.9% | |||||||||||||||||||
140,000 | Azimut Holding S.p.A. | 1,375,392 | 0.5 | ||||||||||||||||
1,381,912 | Other Securities | 6,156,299 | 2.4 | ||||||||||||||||
7,531,691 | 2.9 | ||||||||||||||||||
Japan: 20.4% | |||||||||||||||||||
306,000 | JFE Shoji Trade Corp. | 1,518,457 | 0.6 | ||||||||||||||||
1,566,000 | @ | Kanematsu Corp. | 1,870,144 | 0.7 | |||||||||||||||
58,000 | Modec, Inc. | 1,213,499 | 0.5 | ||||||||||||||||
55,900 | Musashi Seimitsu Industry Co., Ltd. | 1,308,670 | 0.5 | ||||||||||||||||
80,000 | Nihon Parkerizing Co., Ltd. | 1,194,750 | 0.4 | ||||||||||||||||
138,000 | Nippo Corp. | 1,419,846 | 0.5 | ||||||||||||||||
61,300 | Trusco Nakayama Corp. | 1,300,184 | 0.5 | ||||||||||||||||
68,634 | Unipres Corp. | 2,156,975 | 0.8 | ||||||||||||||||
1,018,000 | Yuasa Trading Co., Ltd. | 1,764,372 | 0.7 | ||||||||||||||||
6,446,924 | Other Securities(a) | 40,096,284 | 15.2 | ||||||||||||||||
53,843,181 | 20.4 | ||||||||||||||||||
Malaysia: 1.0% | |||||||||||||||||||
853,572 | Kulim Malaysia BHD | 1,190,455 | 0.4 | ||||||||||||||||
2,117,000 | Other Securities | 1,528,123 | 0.6 | ||||||||||||||||
2,718,578 | 1.0 | ||||||||||||||||||
Mexico: 0.1% | |||||||||||||||||||
90,600 | Other Securities | 357,686 | 0.1 | ||||||||||||||||
Netherlands: 2.9% | |||||||||||||||||||
110,000 | Delta Lloyd NV | 1,855,179 | 0.7 | ||||||||||||||||
69,500 | Imtech NV | 1,965,324 | 0.7 | ||||||||||||||||
39,500 | Ten Cate NV | 1,206,009 | 0.5 | ||||||||||||||||
499,821 | Other Securities | 2,706,326 | 1.0 | ||||||||||||||||
7,732,838 | 2.9 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | ||||||||||||||||||||||||||
New Zealand: 1.1% | ||||||||||||||||||||||||||
328,324 | Fletcher Building Ltd. | $ | 1,674,979 | 0.6 | ||||||||||||||||||||||
392,395 | Other Securities | 1,177,128 | 0.5 | |||||||||||||||||||||||
2,852,107 | 1.1 | |||||||||||||||||||||||||
Norway: 0.7% | ||||||||||||||||||||||||||
781,264 | Other Securities(a) | 1,947,197 | 0.7 | |||||||||||||||||||||||
Pakistan: 0.1% | ||||||||||||||||||||||||||
1,375,131 | Other Securities | 246,184 | 0.1 | |||||||||||||||||||||||
Philippines: 0.2% | ||||||||||||||||||||||||||
132,990 | Other Securities | 425,914 | 0.2 | |||||||||||||||||||||||
Poland: 0.1% | ||||||||||||||||||||||||||
101,700 | Other Securities | 150,853 | 0.1 | |||||||||||||||||||||||
Russia: 0.1% | ||||||||||||||||||||||||||
120,000 | Other Securities | 270,619 | 0.10 | |||||||||||||||||||||||
Singapore: 2.7% | ||||||||||||||||||||||||||
239,618 | @ | Flextronics International Ltd. | 1,595,856 | 0.6 | ||||||||||||||||||||||
6,849,039 | Other Securities | 5,484,576 | 2.1 | |||||||||||||||||||||||
7,080,432 | 2.7 | |||||||||||||||||||||||||
South Africa: 0.1% | ||||||||||||||||||||||||||
131,169 | Other Securities | 371,484 | 0.10 | |||||||||||||||||||||||
South Korea: 3.1% | ||||||||||||||||||||||||||
27,840 | Hankook Tire Co. Ltd | 1,174,450 | 0.4 | |||||||||||||||||||||||
7,920 | Mando Corp. | 1,261,270 | 0.5 | |||||||||||||||||||||||
17,584 | SeAH Steel Corp. | 1,367,699 | 0.5 | |||||||||||||||||||||||
483,739 | Other Securities | 4,378,245 | 1.7 | |||||||||||||||||||||||
8,181,664 | 3.1 | |||||||||||||||||||||||||
Spain: 0.2% | ||||||||||||||||||||||||||
39,797 | Other Securities | 502,831 | 0.2 | |||||||||||||||||||||||
Sweden: 1.2% | ||||||||||||||||||||||||||
208,096 | Byggmax Group AB | 1,315,633 | 0.5 | |||||||||||||||||||||||
468,069 | Other Securities | 1,844,455 | 0.7 | |||||||||||||||||||||||
3,160,088 | 1.2 | |||||||||||||||||||||||||
Switzerland: 3.8% | ||||||||||||||||||||||||||
3,834 | @ | Forbo Holding AG | 2,774,060 | 1.0 | ||||||||||||||||||||||
42,000 | @ | Gategroup Holding AG | 1,424,336 | 0.5 | ||||||||||||||||||||||
4,430 | Helvetia Holding AG | 1,588,941 | 0.6 | |||||||||||||||||||||||
6,054 | Valora Holding AG | 1,269,488 | 0.5 | |||||||||||||||||||||||
51,858 | Other Securities | 3,059,221 | 1.2 | |||||||||||||||||||||||
10,116,046 | 3.8 | |||||||||||||||||||||||||
Taiwan: 1.7% | ||||||||||||||||||||||||||
7,355,113 | Other Securities | 4,474,642 | 1.7 | |||||||||||||||||||||||
Thailand: 1.1% | ||||||||||||||||||||||||||
2,422,600 | Other Securities | 2,847,597 | 1.1 | |||||||||||||||||||||||
COMMON STOCK: (continued) | ||||||||||||||||||||||||||
Turkey: 0.2% | ||||||||||||||||||||||||||
376,010 | Other Securities | $ | 636,270 | 0.2 | ||||||||||||||||||||||
United Arab Emirates: 0.3% | ||||||||||||||||||||||||||
140,000 | Other Securities | 791,900 | 0.3 | |||||||||||||||||||||||
United Kingdom: 17.0% | ||||||||||||||||||||||||||
250,000 | Devro PLC | 1,251,146 | 0.5 | |||||||||||||||||||||||
249,497 | Drax Group PLC | 2,198,440 | 0.8 | |||||||||||||||||||||||
708,979 | @ | EnQuest PLC | 1,458,531 | 0.6 | ||||||||||||||||||||||
254,900 | Investec PLC | 1,463,850 | 0.6 | |||||||||||||||||||||||
488,956 | Senior Plc | 1,690,625 | 0.6 | |||||||||||||||||||||||
17,292,150 | Other Securities | 36,718,322 | 13.9 | |||||||||||||||||||||||
44,780,914 | 17.0 | |||||||||||||||||||||||||
United States: 0.4% | ||||||||||||||||||||||||||
359,481 | Other Securities | 1,053,018 | 0.4 | |||||||||||||||||||||||
Total Common Stock | ||||||||||||||||||||||||||
(Cost $238,846,461) | 259,301,614 | 98.4 | ||||||||||||||||||||||||
RIGHTS: 0.1% | ||||||||||||||||||||||||||
Israel: 0.0% | ||||||||||||||||||||||||||
4,275 | Other Securities | 957 | 0.0 | |||||||||||||||||||||||
United Kingdom: 0.1% | ||||||||||||||||||||||||||
36,000 | Other Securities | 91,727 | 0.1 | |||||||||||||||||||||||
Total Rights | ||||||||||||||||||||||||||
(Cost $—) | 92,684 | 0.1 | ||||||||||||||||||||||||
Total Long-Term Investments | ||||||||||||||||||||||||||
(Cost $238,846,461) | 259,394,298 | 98.5 | ||||||||||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | | | ||||||||||||||||||
SHORT-TERM INVESTMENTS: 0.7% | ||||||||||||||||||||||||||
Securities Lending Collateralcc(1): 0.3% | ||||||||||||||||||||||||||
741,188 | Morgan Stanley, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $741,192, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%–8.000%, Market Value plus accrued interest $756,012, due 05/15/12–04/01/44) (Cost $741,188) | 741,188 | 0.3 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mutual Funds: 0.4% | ||||||||||||||||||
1,149,559 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $1,149,559) | $ | 1,149,559 | 0.4 | ||||||||||||||
Total Short-Term Investments (Cost $1,890,747) | 1,890,747 | 0.7 | ||||||||||||||||
Total Investments in Securities (Cost $240,737,208) | $ | 261,285,045 | 99.2 | |||||||||||||||
Assets in Excess of Other Liabilities | 2,211,089 | 0.8 | ||||||||||||||||
Net Assets | $ | 263,496,134 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
@ | Non-income producing security |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $242,489,844. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 51,691,269 | ||||
Gross Unrealized Depreciation | (32,896,068 | ) | ||||
Net Unrealized Appreciation | $ | 18,795,201 |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 18.7 | % | ||||
Consumer Staples | 5.9 | |||||
Energy | 5.7 | |||||
Financials | 12.1 | |||||
Health Care | 4.5 | |||||
Industrials | 24.2 | |||||
Information Technology | 11.9 | |||||
Materials | 12.3 | |||||
Rights | 0.1 | |||||
Telecommunication Services | 0.0 | |||||
Telecommunications | 1.9 | |||||
Utilities | 1.2 | |||||
Short-Term Investments | 0.7 | |||||
Assets in Excess of Other Liabilities | 0.8 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | 836,120 | $ | 16,161,814 | $ | — | $ | 16,997,934 | ||||||||||
Austria | — | 4,907,355 | — | 4,907,355 | ||||||||||||||
Belgium | — | 3,117,510 | — | 3,117,510 | ||||||||||||||
Bermuda | 39,184 | — | — | 39,184 | ||||||||||||||
Brazil | 1,424,114 | — | — | 1,424,114 | ||||||||||||||
Canada | 10,558,501 | 31,429 | — | 10,589,930 | ||||||||||||||
China | 1,967,895 | 5,284,986 | 25,993 | 7,278,874 | ||||||||||||||
Denmark | — | 1,717,549 | — | 1,717,549 | ||||||||||||||
Egypt | 44,924 | — | — | 44,924 | ||||||||||||||
Finland | — | 237,517 | — | 237,517 | ||||||||||||||
France | 196,792 | 10,201,225 | — | 10,398,017 | ||||||||||||||
Germany | 1,397,961 | 18,928,569 | — | 20,326,530 | ||||||||||||||
Hong Kong | 10,773 | 10,106,751 | 995,519 | 11,113,043 | ||||||||||||||
India | — | 2,389,474 | 46,317 | 2,435,791 | ||||||||||||||
Indonesia | — | 1,652,496 | — | 1,652,496 | ||||||||||||||
Ireland | 1,737,683 | 3,020,348 | — | 4,758,031 | ||||||||||||||
Israel | — | 189,081 | — | 189,081 | ||||||||||||||
Italy | 560,499 | 6,971,192 | — | 7,531,691 | ||||||||||||||
Japan | 145,401 | 53,697,780 | — | 53,843,181 | ||||||||||||||
Malaysia | — | 2,718,578 | — | 2,718,578 | ||||||||||||||
Mexico | 357,686 | — | — | 357,686 | ||||||||||||||
Netherlands | 67,608 | 7,665,230 | — | 7,732,838 | ||||||||||||||
New Zealand | — | 2,852,107 | — | 2,852,107 | ||||||||||||||
Norway | 1,091,583 | 855,614 | — | 1,947,197 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Pakistan | $ | 37,850 | $ | 208,334 | $ | — | $ | 246,184 | ||||||||||
Philippines | — | 425,914 | — | 425,914 | ||||||||||||||
Poland | — | 150,853 | — | 150,853 | ||||||||||||||
Russia | — | 270,619 | — | 270,619 | ||||||||||||||
Singapore | 1,595,856 | 5,484,576 | — | 7,080,432 | ||||||||||||||
South Africa | — | 371,484 | — | 371,484 | ||||||||||||||
South Korea | 60,967 | 8,120,697 | — | 8,181,664 | ||||||||||||||
Spain | 22,883 | 479,948 | — | 502,831 | ||||||||||||||
Sweden | 179,653 | 2,980,435 | — | 3,160,088 | ||||||||||||||
Switzerland | 1,162,618 | 8,953,428 | — | 10,116,046 | ||||||||||||||
Taiwan | 531,498 | 3,943,144 | — | 4,474,642 | ||||||||||||||
Thailand | — | 2,847,597 | — | 2,847,597 | ||||||||||||||
Turkey | — | 636,270 | — | 636,270 | ||||||||||||||
United Arab Emirates | — | 791,900 | — | 791,900 | ||||||||||||||
United Kingdom | 3,192,416 | 41,588,498 | — | 44,780,914 | ||||||||||||||
United States | 1,053,018 | — | — | 1,053,018 | ||||||||||||||
Total Common Stock | 28,273,483 | 229,960,302 | 1,067,829 | 259,301,614 | ||||||||||||||
Rights | 92,684 | — | — | 92,684 | ||||||||||||||
Short-Term Investments | 1,149,559 | 741,188 | — | 1,890,747 | ||||||||||||||
Total Investments, at value | $ | 29,515,726 | $ | 230,701,490 | $ | 1,067,829 | $ | 261,285,045 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 178,430 | $ | — | $ | — | $ | — | $ | — | $ | (46,001 | ) | $ | 978,975 | $ | (43,575 | ) | $ | 1,067,829 | ||||||||||||||||||
Total Investments, at value | $ | 178,430 | $ | — | $ | — | $ | — | $ | — | $ | (46,001 | ) | $ | 978,975 | $ | (43,575 | ) | $ | 1,067,829 |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | |||||||||
Foreign exchange contracts | $ | 40,109 | ||||||||
Total | $ | 40,109 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Foreign currency related transactions* | |||||||||
Foreign exchange contracts | $ | 11,635 | ||||||||
Total | $ | 11,635 |
* | 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. |
AS OF APRIL 30, 2012 (UNAUDITED)
VALUE CHOICE FUND
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 96.8% | |||||||||||||||||||
Australia: 3.5% | |||||||||||||||||||
24,119 | Newcrest Mining Ltd. | $ | 657,244 | 2.5 | |||||||||||||||
232,116 | Other Securities | 277,253 | 1.0 | ||||||||||||||||
934,497 | 3.5 | ||||||||||||||||||
Belgium: 2.8% | |||||||||||||||||||
17,591 | Belgacom S.A. | 499,850 | 1.8 | ||||||||||||||||
143,770 | Other Securities | 261,982 | 1.0 | ||||||||||||||||
761,832 | 2.8 | ||||||||||||||||||
Brazil: 1.4% | |||||||||||||||||||
6,600 | Centrais Eletricas Brasileiras SA | 56,473 | 0.2 | ||||||||||||||||
28,198 | Centrais Eletricas Brasileiras SA ADR | 336,966 | 1.2 | ||||||||||||||||
393,439 | 1.4 | ||||||||||||||||||
Canada: 13.4% | |||||||||||||||||||
21,252 | Barrick Gold Corp. | 859,218 | 3.2 | ||||||||||||||||
34,339 | Cameco Corp. | 758,892 | 2.8 | ||||||||||||||||
65,355 | Kinross Gold Corp. | 584,927 | 2.2 | ||||||||||||||||
30,563 | Nexen, Inc. | 591,394 | 2.2 | ||||||||||||||||
9,949 | Niko Resources Ltd. | 419,170 | 1.5 | ||||||||||||||||
30,427 | Talisman Energy, Inc. | 397,377 | 1.5 | ||||||||||||||||
3,610,978 | 13.4 | ||||||||||||||||||
Finland: 1.4% | |||||||||||||||||||
104,439 | Nokia OYJ ADR | 381,202 | 1.4 | ||||||||||||||||
France: 11.4% | |||||||||||||||||||
8,470 | Alstom | 302,926 | 1.1 | ||||||||||||||||
16,106 | @ | Areva SA | 281,950 | 1.1 | |||||||||||||||
32,347 | Carrefour S.A. | 649,736 | 2.4 | ||||||||||||||||
17,393 | Electricite de France SA | 368,487 | 1.4 | ||||||||||||||||
9,643 | Sanofi-Aventis | 736,548 | 2.7 | ||||||||||||||||
12,543 | Thales S.A. | 434,843 | 1.6 | ||||||||||||||||
15,805 | Vivendi | 292,337 | 1.1 | ||||||||||||||||
3,066,827 | 11.4 | ||||||||||||||||||
Germany: 3.2% | |||||||||||||||||||
4,124 | Allianz AG | 459,995 | 1.7 | ||||||||||||||||
4,311 | Siemens AG | 400,148 | 1.5 | ||||||||||||||||
860,143 | 3.2 | ||||||||||||||||||
Indonesia: 0.5% | |||||||||||||||||||
3,803 | Other Securities | 137,707 | 0.5 | ||||||||||||||||
Italy: 2.9% | |||||||||||||||||||
828,571 | @ | Telecom Italia S.p.A. RNC | 776,062 | 2.9 | |||||||||||||||
Japan: 29.4% | |||||||||||||||||||
108,390 | Chuo Mitsui Trust Holdings, Inc. | 317,533 | 1.2 | ||||||||||||||||
29,800 | Coca-Cola West Co., Ltd. | 537,899 | 2.0 | ||||||||||||||||
74,000 | Dai Nippon Printing Co., Ltd. | 656,742 | 2.4 | ||||||||||||||||
22,300 | Fuji Photo Film Co., Ltd. | 472,992 | 1.8 | ||||||||||||||||
12,800 | Mabuchi Motor Co., Ltd. | 535,483 | 2.0 | ||||||||||||||||
33,500 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 617,610 | 2.3 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Japan: (continued) | |||||||||||||||||||
2,800 | Nintendo Co., Ltd. | $ | 377,955 | 1.4 | |||||||||||||||
32,622 | Nippon Telegraph & Telephone Corp. ADR | 735,626 | 2.7 | ||||||||||||||||
8,400 | Rohm Co., Ltd. | 378,829 | 1.4 | ||||||||||||||||
7,800 | Sankyo Co., Ltd. | 376,079 | 1.4 | ||||||||||||||||
46,000 | Sekisui House Ltd. | 426,438 | 1.6 | ||||||||||||||||
14,700 | Seven & I Holdings Co., Ltd. | 444,972 | 1.6 | ||||||||||||||||
30,000 | Shiseido Co., Ltd. | 525,213 | 1.9 | ||||||||||||||||
5,172 | Toyota Motor Corp. ADR | 422,966 | 1.6 | ||||||||||||||||
32,000 | Wacoal Holdings Corp. | 371,165 | 1.4 | ||||||||||||||||
85,500 | Other Securities | 721,748 | 2.7 | ||||||||||||||||
7,919,250 | 29.4 | ||||||||||||||||||
Netherlands: 1.6% | |||||||||||||||||||
25,683 | Wolters Kluwer NV | 443,991 | 1.6 | ||||||||||||||||
Norway: 1.2% | |||||||||||||||||||
623,957 | Marine Harvest | 320,235 | 1.2 | ||||||||||||||||
Russia: 1.5% | |||||||||||||||||||
36,432 | Gazprom OAO ADR | 420,425 | 1.5 | ||||||||||||||||
South Africa: 4.3% | |||||||||||||||||||
16,892 | AngloGold Ashanti Ltd ADR | 580,747 | 2.1 | ||||||||||||||||
35,536 | Gold Fields Ltd. | 455,212 | 1.7 | ||||||||||||||||
6,966 | Other Securities | 135,984 | 0.5 | ||||||||||||||||
1,171,943 | 4.3 | ||||||||||||||||||
South Korea: 4.4% | |||||||||||||||||||
43,950 | Korea Electric Power Corp. ADR | 417,525 | 1.5 | ||||||||||||||||
57,022 | SK Telecom Co., Ltd. ADR | 770,937 | 2.9 | ||||||||||||||||
1,188,462 | 4.4 | ||||||||||||||||||
Sweden: 1.1% | |||||||||||||||||||
30,841 | Telefonaktiebolaget LM Ericsson ADR | 308,256 | 1.1 | ||||||||||||||||
Switzerland: 1.9% | |||||||||||||||||||
40,529 | @ | UBS AG | 501,344 | 1.9 | |||||||||||||||
United Kingdom: 9.3% | |||||||||||||||||||
14,783 | AstraZeneca PLC | 647,813 | 2.4 | ||||||||||||||||
28,941 | GlaxoSmithKline PLC | 668,581 | 2.5 | ||||||||||||||||
180,203 | Home Retail Group | 311,746 | 1.1 | ||||||||||||||||
92,452 | @ | Polyus Gold International Ltd. GDR | 286,601 | 1.1 | |||||||||||||||
210,535 | Vodafone Group PLC | 582,754 | 2.2 | ||||||||||||||||
2,497,495 | 9.3 | ||||||||||||||||||
United States: 1.6% | |||||||||||||||||||
12,526 | Axis Capital Holdings Ltd. | 426,135 | 1.6 | ||||||||||||||||
Total Common Stock | |||||||||||||||||||
(Cost $29,958,043) | 26,120,223 | 96.8 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
VALUE CHOICE FUND
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 1.6% | |||||||||||||||||||
Mutual Funds: 1.6% | |||||||||||||||||||
423,849 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $423,849) | $ | 423,849 | 1.6 | |||||||||||||||
Total Short-Term Investments (Cost $423,849) | 423,849 | 1.6 | |||||||||||||||||
Total Investments in Securities (Cost $30,381,892) | $ | 26,544,072 | 98.4 | ||||||||||||||||
Assets in Excess of Other Liabilities | 422,530 | 1.6 | |||||||||||||||||
Net Assets | $ | 26,966,602 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Cost for federal income tax purposes is $31,481,288. |
Net unrealized depreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 1,760,729 | ||||
Gross Unrealized Depreciation | (6,697,945 | ) | ||||
Net Unrealized Depreciation | $ | (4,937,216 | ) |
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 9.6 | % | ||||
Consumer Staples | 9.1 | |||||
Energy | 10.6 | |||||
Financials | 9.7 | |||||
Health Care | 8.5 | |||||
Industrials | 9.5 | |||||
Information Technology | 7.1 | |||||
Materials | 14.3 | |||||
Telecommunications | 14.1 | |||||
Utilities | 4.3 | |||||
Short-Term Investments | 1.6 | |||||
Assets in Excess of Other Liabilities | 1.6 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 934,497 | $ | — | $ | 934,497 | ||||||||||
Belgium | — | 761,832 | — | 761,832 | ||||||||||||||
Brazil393,439 | — | — | 393,439 | |||||||||||||||
Canada | 3,610,978 | — | — | 3,610,978 | ||||||||||||||
Finland | 381,202 | — | — | 381,202 | ||||||||||||||
France | 281,950 | 2,784,877 | — | 3,066,827 | ||||||||||||||
Germany | — | 860,143 | — | 860,143 | ||||||||||||||
Indonesia | 137,707 | — | — | 137,707 | ||||||||||||||
Italy | — | 776,062 | — | 776,062 | ||||||||||||||
Japan | 1,158,592 | 6,760,658 | — | 7,919,250 | ||||||||||||||
Netherlands | — | 443,991 | — | 443,991 | ||||||||||||||
Norway | — | 320,235 | — | 320,235 | ||||||||||||||
Russia | 420,425 | — | — | 420,425 | ||||||||||||||
South Africa | 580,747 | 591,196 | — | 1,171,943 | ||||||||||||||
South Korea | 1,188,462 | — | — | 1,188,462 | ||||||||||||||
Sweden | 308,256 | — | — | 308,256 | ||||||||||||||
Switzerland | 501,344 | — | — | 501,344 | ||||||||||||||
United Kingdom | 286,601 | 2,210,894 | — | 2,497,495 | ||||||||||||||
United States | 426,135 | — | — | 426,135 | ||||||||||||||
Total Common Stock | 9,675,838 | 16,444,385 | — | 26,120,223 | ||||||||||||||
Short-Term Investments | 423,849 | — | — | 423,849 | ||||||||||||||
Total Investments, at value | $ | 10,099,687 | $ | 16,444,385 | $ | — | $ | 26,544,072 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 97.6% | |||||||||||||||||||
Australia: 1.5% | |||||||||||||||||||
375,340 | Other Securities | $ | 8,363,591 | 1.5 | |||||||||||||||
Belgium: 1.1% | |||||||||||||||||||
133,329 | Belgacom S.A. | 3,788,559 | 0.7 | ||||||||||||||||
124,258 | Other Securities | 2,408,989 | 0.4 | ||||||||||||||||
6,197,548 | 1.1 | ||||||||||||||||||
Brazil: 1.6% | |||||||||||||||||||
555,032 | Other Securities | 9,219,228 | 1.6 | ||||||||||||||||
Canada: 1.7% | |||||||||||||||||||
94,700 | Barrick Gold Corp. | 3,828,721 | 0.7 | ||||||||||||||||
321,300 | Other Securities | 5,615,300 | 1.0 | ||||||||||||||||
9,444,021 | 1.7 | ||||||||||||||||||
China: 1.6% | |||||||||||||||||||
9,391,000 | Other Securities | 9,042,082 | 1.6 | ||||||||||||||||
Finland: 0.9% | |||||||||||||||||||
962,442 | Other Securities | 4,791,888 | 0.9 | ||||||||||||||||
France: 7.7% | |||||||||||||||||||
317,435 | France Telecom S.A. | 4,351,409 | 0.8 | ||||||||||||||||
178,697 | Sanofi-Aventis | 13,649,171 | 2.4 | ||||||||||||||||
183,420 | Total S.A. | 8,804,804 | 1.5 | ||||||||||||||||
729,781 | Other Securities | 16,828,527 | 3.0 | ||||||||||||||||
43,633,911 | 7.7 | ||||||||||||||||||
Germany: 6.0% | |||||||||||||||||||
252,093 | Deutsche Post AG | 4,707,557 | 0.8 | ||||||||||||||||
481,861 | �� | Deutsche Telekom AG | 5,432,839 | 1.0 | |||||||||||||||
70,837 | Hannover Rueckversicheru — Reg | 4,286,858 | 0.8 | ||||||||||||||||
92,315 | Siemens AG | 8,568,694 | 1.5 | ||||||||||||||||
259,182 | Other Securities | 10,658,712 | 1.9 | ||||||||||||||||
33,654,660 | 6.0 | ||||||||||||||||||
Hong Kong: 1.3% | |||||||||||||||||||
8,105,800 | Other Securities | 7,268,333 | 1.3 | ||||||||||||||||
Israel: 0.5% | |||||||||||||||||||
268,244 | Other Securities | 3,068,396 | 0.5 | ||||||||||||||||
Italy: 5.6% | |||||||||||||||||||
432,795 | ENI S.p.A. | 9,616,603 | 1.7 | ||||||||||||||||
2,917,707 | @ | Telecom Italia S.p.A. | 3,310,087 | 0.6 | |||||||||||||||
9,155,221 | @ | Telecom Italia S.p.A. RNC | 8,575,024 | 1.5 | |||||||||||||||
3,704,161 | Other Securities | 10,391,157 | 1.8 | ||||||||||||||||
31,892,871 | 5.6 | ||||||||||||||||||
Japan: 24.2% | |||||||||||||||||||
94,800 | Canon, Inc. | 4,297,080 | 0.7 | ||||||||||||||||
625,000 | Dai Nippon Printing Co., Ltd. | 5,546,809 | 1.0 | ||||||||||||||||
291,800 | Fuji Photo Film Co., Ltd. | 6,189,195 | 1.1 | ||||||||||||||||
809,888 | Hitachi Ltd. | 5,158,374 | 0.9 | ||||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Japan: (continued) | |||||||||||||||||||
133,500 | Honda Motor Co., Ltd. | $ | 4,804,557 | 0.8 | |||||||||||||||
1,056 | Japan Tobacco, Inc. | 5,849,910 | 1.0 | ||||||||||||||||
93,300 | Mabuchi Motor Co., Ltd. | 3,903,171 | 0.7 | ||||||||||||||||
97,200 | Nippon Telegraph & Telephone Corp. | 4,397,878 | 0.8 | ||||||||||||||||
444,200 | Nissan Motor Co., Ltd. | 4,618,364 | 0.8 | ||||||||||||||||
2,240 | NTT DoCoMo, Inc. | 3,824,802 | 0.7 | ||||||||||||||||
179,900 | Omron Corp. | 3,822,111 | 0.7 | ||||||||||||||||
285,900 | Seven & I Holdings Co., Ltd. | 8,654,248 | 1.5 | ||||||||||||||||
205,400 | Sumitomo Mitsui Financial Group, Inc. | 6,572,550 | 1.2 | ||||||||||||||||
87,000 | Takeda Pharmaceutical Co., Ltd. | 3,796,254 | 0.7 | ||||||||||||||||
281,200 | Tokio Marine Holdings, Inc. | 7,194,114 | 1.3 | ||||||||||||||||
69,300 | Tokyo Electron Ltd. | 3,840,335 | 0.7 | ||||||||||||||||
2,986,276 | Other Securities | 54,173,482 | 9.6 | ||||||||||||||||
136,643,234 | 24.2 | ||||||||||||||||||
Mexico: 0.7% | |||||||||||||||||||
223,344 | Other Securities | 3,859,729 | 0.7 | ||||||||||||||||
Netherlands: 7.6% | |||||||||||||||||||
259,624 | Royal Dutch Shell PLC — Class A | 9,259,750 | 1.6 | ||||||||||||||||
109,906 | Royal Dutch Shell PLC — Class B | 4,021,967 | 0.7 | ||||||||||||||||
216,359 | @ | Koninklijke Philips Electronics NV | 4,305,633 | 0.8 | |||||||||||||||
296,256 | Unilever NV | 10,148,019 | 1.8 | ||||||||||||||||
248,166 | Wolters Kluwer NV | 4,290,133 | 0.8 | ||||||||||||||||
1,078,585 | Other Securities | 10,953,151 | 1.9 | ||||||||||||||||
42,978,653 | 7.6 | ||||||||||||||||||
Norway: 0.5% | |||||||||||||||||||
110,120 | Other Securities | 2,954,783 | 0.5 | ||||||||||||||||
Portugal: 0.7% | |||||||||||||||||||
1,198,165 | Other Securities (a) | 3,994,403 | 0.7 | ||||||||||||||||
Russia: 0.4% | |||||||||||||||||||
33,400 | Other Securities | 2,049,090 | 0.4 | ||||||||||||||||
Singapore: 1.5% | |||||||||||||||||||
1,612,600 | Other Securities | 8,286,743 | 1.5 | ||||||||||||||||
South Africa: 1.0% | |||||||||||||||||||
292,586 | Other Securities | 5,788,916 | 1.0 | ||||||||||||||||
South Korea: 1.5% | |||||||||||||||||||
297,900 | KT Corp. ADR | 3,828,015 | 0.7 | ||||||||||||||||
85,742 | Other Securities | 4,556,337 | 0.8 | ||||||||||||||||
8,384,352 | 1.5 | ||||||||||||||||||
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) | |||||||||||||||||||
Spain: 1.1% | |||||||||||||||||||
820,623 | Other Securities | $ | 6,376,182 | 1.1 | |||||||||||||||
Sweden: 1.9% | |||||||||||||||||||
761,520 | @ | Telefonaktiebolaget LM Ericsson | 7,549,301 | 1.3 | |||||||||||||||
197,845 | Other Securities | 3,265,950 | 0.6 | ||||||||||||||||
10,815,251 | 1.9 | ||||||||||||||||||
Switzerland: 5.3% | |||||||||||||||||||
75,646 | Nestle S.A. | 4,636,289 | 0.8 | ||||||||||||||||
123,663 | Novartis AG | 6,828,208 | 1.2 | ||||||||||||||||
34,837 | Roche Holding AG — Genusschein | 6,366,829 | 1.1 | ||||||||||||||||
93,384 | @ | Swiss Re Ltd. | 5,863,869 | 1.1 | |||||||||||||||
472,100 | Other Securities | 5,959,717 | 1.1 | ||||||||||||||||
29,654,912 | 5.3 | ||||||||||||||||||
Thailand: 0.3% | |||||||||||||||||||
308,000 | Other Securities | 1,632,139 | 0.3 | ||||||||||||||||
United Kingdom: 19.4% | |||||||||||||||||||
126,530 | AstraZeneca PLC | 5,544,732 | 1.0 | ||||||||||||||||
885,312 | BAE Systems PLC | 4,242,628 | 0.8 | ||||||||||||||||
1,638,604 | Barclays PLC | 5,801,237 | 1.0 | ||||||||||||||||
201,686 | BHP Billiton PLC | 6,492,660 | 1.2 | ||||||||||||||||
917,681 | BP PLC | 6,629,431 | 1.2 | ||||||||||||||||
388,533 | GlaxoSmithKline PLC | 8,975,708 | 1.6 | ||||||||||||||||
2,397,620 | Home Retail Group | 4,147,815 | 0.7 | ||||||||||||||||
655,312 | HSBC Holdings PLC | 5,915,626 | 1.0 | ||||||||||||||||
70,814 | Rio Tinto PLC | 3,969,470 | 0.7 | ||||||||||||||||
163,695 | Standard Chartered PLC | 4,001,637 | 0.7 | ||||||||||||||||
1,329,803 | Tesco PLC | 6,852,055 | 1.2 | ||||||||||||||||
2,834,439 | Vodafone Group PLC | 7,845,630 | 1.4 | ||||||||||||||||
12,967,252 | Other Securities | 39,145,581 | 6.9 | ||||||||||||||||
109,564,210 | 19.4 | ||||||||||||||||||
United States: 2.0% | |||||||||||||||||||
313,234 | Other Securities | 11,342,361 | 2.0 | ||||||||||||||||
Total Common Stock (Cost $603,391,460) | 550,901,487 | 97.6 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 0.2% | |||||||||||||||||||
Securities Lending Collateralcc(1): 0.2% | |||||||||||||||||||
163,203 | Citigroup, Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $163,204, collateralized by various U.S. Government Agency Obligations, 3.500%– 5.500%, Market Value plus accrued interest $166,467, due 04/15/24–05/01/42) | 163,203 | 0.0 | ||||||||||||||||
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateralcc(1): (continued) | |||||||||||||||||||
1,000,000 | Merrill Lynch & Co., Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 4.000%, Market Value plus accrued interest $1,020,000, due 08/15/41–12/20/41) | $ | 1,000,000 | 0.2 | |||||||||||||||
1,163,203 | 0.2 | ||||||||||||||||||
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
Mutual Funds: 0.0% | |||||||||||||||||||
67,101 | BlackRock Liquidity Funds, TempFund, Institutional Class (Cost $67,101) | 67,101 | 0.0 | ||||||||||||||||
Total Short-Term Investments Cost $1,230,304) | 1,230,304 | 0.2 | |||||||||||||||||
Total Investments in Securities (Cost $604,621,764) | $ | 552,131,791 | 97.8 | ||||||||||||||||
Assets in Excess of Other Liabilities | 12,650,573 | 2.2 | |||||||||||||||||
Net Assets | $ | 564,782,364 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
(a) | This grouping contains securities on loan. |
Cost for federal income tax purposes is $614,421,315. |
Net unrealized depreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 44,304,621 | ||||
Gross Unrealized Depreciation | (106,594,145 | ) | ||||
Net Unrealized Depreciation | $ | (62,289,524 | ) |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Sector Diversification | Percentage of Net Assets | |||||
---|---|---|---|---|---|---|
Consumer Discretionary | 8.0 | % | ||||
Consumer Staples | 9.6 | |||||
Energy | 11.0 | |||||
Financials | 18.6 | |||||
Health Care | 9.6 | |||||
Industrials | 8.4 | |||||
Information Technology | 9.2 | |||||
Materials | 8.7 | |||||
Telecommunications | 11.6 | |||||
Utilities | 2.9 | |||||
Short-Term Investments | 0.2 | |||||
Assets in Excess of Other Liabilities | 2.2 | |||||
Net Assets | 100.0 | % |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Australia | $ | — | $ | 8,363,591 | $ | — | $ | 8,363,591 | ||||||||||
Belgium | — | 6,197,548 | — | 6,197,548 | ||||||||||||||
Brazil | 9,219,228 | — | — | 9,219,228 | ||||||||||||||
Canada | 9,444,021 | — | — | 9,444,021 | ||||||||||||||
China | — | 9,042,082 | — | 9,042,082 | ||||||||||||||
Finland | — | 4,791,888 | — | 4,791,888 | ||||||||||||||
France | — | 43,633,911 | — | 43,633,911 | ||||||||||||||
Germany | — | 33,654,660 | — | 33,654,660 | ||||||||||||||
Hong Kong | — | 6,568,450 | 699,883 | 7,268,333 | ||||||||||||||
Israel | — | 3,068,396 | — | 3,068,396 | ||||||||||||||
Italy | — | 31,892,871 | — | 31,892,871 | ||||||||||||||
Japan | — | 136,643,234 | — | 136,643,234 | ||||||||||||||
Mexico | 3,859,729 | — | — | 3,859,729 | ||||||||||||||
Netherlands | — | 42,978,653 | — | 42,978,653 | ||||||||||||||
Norway | — | 2,954,783 | — | 2,954,783 | ||||||||||||||
Portugal | — | 3,994,403 | — | 3,994,403 | ||||||||||||||
Russia | 2,049,090 | — | — | 2,049,090 | ||||||||||||||
Singapore | — | 8,286,743 | — | 8,286,743 | ||||||||||||||
South Africa | — | 5,788,916 | — | 5,788,916 | ||||||||||||||
South Korea | 3,828,015 | 4,556,337 | — | 8,384,352 | ||||||||||||||
Spain | — | 6,376,182 | — | 6,376,182 | ||||||||||||||
Sweden | — | 10,815,251 | — | 10,815,251 | ||||||||||||||
Switzerland | — | 29,654,912 | — | 29,654,912 | ||||||||||||||
Thailand | — | 1,632,139 | — | 1,632,139 | ||||||||||||||
United Kingdom | 8,616,774 | 100,947,436 | — | 109,564,210 | ||||||||||||||
United States | 11,342,361 | — | — | 11,342,361 | ||||||||||||||
Total Common Stock | 48,359,218 | 501,842,386 | 699,883 | 550,901,487 | ||||||||||||||
Short-Term Investments | 67,101 | 1,163,203 | — | 1,230,304 | ||||||||||||||
Total Investments, at value | $ | 48,426,319 | $ | 503,005,589 | $ | 699,883 | $ | 552,131,791 |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 829,594 | $ | — | $ | — | $ | — | $ | — | $ | (129,711 | ) | $ | — | $ | — | $ | 699,883 | |||||||||||||||||||
Total Investments, at value | $ | 829,594 | $ | — | $ | — | $ | — | $ | — | $ | (129,711 | ) | $ | — | $ | — | $ | 699,883 |
AS OF APRIL 30, 2012 (UNAUDITED)
Shares | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 99.0% | |||||||||||||||||||
Consumer Discretionary: 0.7% | |||||||||||||||||||
186,200 | CTC Media, Inc. | $ | 2,016,546 | 0.7 | |||||||||||||||
Consumer Staples: 8.5% | |||||||||||||||||||
138,800 | Magnit OAO | 17,476,270 | 5.8 | ||||||||||||||||
20,940 | Magnit OJSC | 2,636,550 | 0.9 | ||||||||||||||||
100,000 | #,@ | MHP SA GDR | 1,370,809 | 0.5 | |||||||||||||||
152,400 | @ | X5 Retail Group N.V. GDR | 3,855,661 | 1.3 | |||||||||||||||
25,339,290 | 8.5 | ||||||||||||||||||
Energy: 42.6% | |||||||||||||||||||
55,900 | Eurasia Drilling Co. Ltd. GDR | 1,598,105 | 0.6 | ||||||||||||||||
3,768,600 | Gazprom OAO | 21,696,824 | 7.3 | ||||||||||||||||
91,600 | KazMunaiGas Exploration Production GDR | 1,827,964 | 0.6 | ||||||||||||||||
377,300 | Lukoil OAO ADR | 23,147,355 | 7.7 | ||||||||||||||||
196,800 | NovaTek OAO GDR | 25,127,761 | 8.4 | ||||||||||||||||
1,349,800 | @ | Rosneft Oil Co. GDR | 9,665,260 | 3.2 | |||||||||||||||
723,100 | L | Surgutneftegas OJSC ADR | 7,242,747 | 2.4 | |||||||||||||||
14,432,300 | Surgutneftegas OJSC | 9,608,190 | 3.2 | ||||||||||||||||
302,833 | Tatneft ADR | 11,240,972 | 3.8 | ||||||||||||||||
973,600 | TNK-BP Holding | 2,978,081 | 1.0 | ||||||||||||||||
7,000 | Transneft | 13,055,311 | 4.4 | ||||||||||||||||
127,188,570 | 42.6 | ||||||||||||||||||
Financials: 17.2% | |||||||||||||||||||
445,000 | @ | Bank St Petersburg OJSC | 1,233,968 | 0.4 | |||||||||||||||
5,143 | @ | Halyk Savings Bank of Kazakhstan JSC GDR | 34,698 | 0.0 | |||||||||||||||
1,041,480 | LSR Group GDR | 5,574,621 | 1.8 | ||||||||||||||||
93,900 | @ | NOMOS-BANK GDR | 1,262,503 | 0.4 | |||||||||||||||
10,612,821 | @ | Sberbank of Russian Federation | 33,961,749 | 11.4 | |||||||||||||||
2,263,600 | VTB Bank OJSC GDR | 9,492,877 | 3.2 | ||||||||||||||||
51,560,416 | 17.2 | ||||||||||||||||||
Industrials: 1.2% | |||||||||||||||||||
120,000 | Global Ports Investment Ltd. GDR | 1,785,600 | 0.6 | ||||||||||||||||
95,900 | Globaltrans Investment PLC GDR | 1,878,352 | 0.6 | ||||||||||||||||
3,663,952 | 1.2 | ||||||||||||||||||
Information Technology: 1.4% | |||||||||||||||||||
58,600 | @ | Mail.ru Group Ltd. GDR | 2,534,336 | 0.9 | |||||||||||||||
65,100 | @ | Yandex NV | 1,544,172 | 0.5 | |||||||||||||||
4,078,508 | 1.4 | ||||||||||||||||||
Materials: 13.4% | |||||||||||||||||||
100,000 | @,L | Mechel ADR | 340,000 | 0.1 | |||||||||||||||
251,800 | @,L | Mechel OAO ADR | 2,188,142 | 0.7 | |||||||||||||||
244,187 | MMC Norilsk Nickel ADR | 4,344,016 | 1.4 | ||||||||||||||||
31,100 | MMC Norilsk Nickel | 5,504,781 | 1.9 | ||||||||||||||||
1,451,500 | Novolipetsk Steel | 3,134,800 | 1.1 | ||||||||||||||||
137,500 | Petropavlovsk PLC | 1,066,854 | 0.4 | ||||||||||||||||
169,200 | @ | Polymetal International PLC | 2,512,545 | 0.8 | |||||||||||||||
COMMON STOCK: (continued) | |||||||||||||||||||
Materials: (continued) | |||||||||||||||||||
725,600 | L | Severstal OAO GDR | $ | 9,869,714 | 3.3 | ||||||||||||||
291,390 | Uralkali GDR | 11,026,291 | 3.7 | ||||||||||||||||
39,987,143 | 13.4 | ||||||||||||||||||
Telecommunications: 6.2% | |||||||||||||||||||
118,900 | Mobile Telesystems OJSC | 943,604 | 0.3 | ||||||||||||||||
346,500 | Mobile Telesystems OJSC ADR | 6,777,540 | 2.3 | ||||||||||||||||
1,487,300 | Rostelecom OJSC | 4,780,720 | 1.6 | ||||||||||||||||
322,000 | Sistema JSFC GDR | 6,122,711 | 2.0 | ||||||||||||||||
18,624,575 | 6.2 | ||||||||||||||||||
Utilities: 7.8% | |||||||||||||||||||
893,395,900 | Federal Grid Co. Unified Energy System JSC | 8,154,462 | 2.7 | ||||||||||||||||
32,253,200 | @ | IDGC Holding JSC | 2,951,593 | 1.0 | |||||||||||||||
10,843,200 | @ | OGK-4 OJSC | 979,749 | 0.3 | |||||||||||||||
321,703,448 | @ | RusHydro | 11,381,900 | 3.8 | |||||||||||||||
23,467,704 | 7.8 | ||||||||||||||||||
Total Common Stock (Cost $222,011,774) | 295,926,704 | 99.0 | |||||||||||||||||
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
SHORT-TERM INVESTMENTS: 1.2% | |||||||||||||||||||
Securities Lending Collateralcc(1): 1.2% | |||||||||||||||||||
1,000,000 | Barclays Bank PLC, Repurchase Agreement dated 04/30/12, 0.20%, due 05/01/12 (Repurchase Amount $1,000,005, collateralized by various U.S. Government Agency Obligations, 3.000%–5.000%, Market Value plus accrued interest $1,020,002, due 04/01/27–09/01/41) | 1,000,000 | 0.4 | ||||||||||||||||
579,863 | Credit Suisse Securities, Repurchase Agreement dated 04/30/12, 0.18%, due 05/01/12 (Repurchase Amount $579,866, collateralized by various U.S. Government Securities, 0.625%–2.375%, Market Value plus accrued interest $591,462, due 04/30/13–02/15/41) | 579,863 | 0.2 | ||||||||||||||||
1,000,000 | Deutsche Bank AG, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 2.491%–7.000%, Market Value plus accrued interest $1,020,000, due 08/01/25–04/01/42) | 1,000,000 | 0.3 |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Principal Amount† | | | | Value | | Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: (continued) | |||||||||||||||||||
Securities Lending Collateralcc(1): (continued) | |||||||||||||||||||
1,000,000 | UBS Warburg LLC, Repurchase Agreement dated 04/30/12, 0.22%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 3.500%–6.000%, Market Value plus accrued interest $1,020,000, due 02/01/20–01/01/48) | $ | 1,000,000 | 0.3 | |||||||||||||||
3,579,863 | 1.2 | ||||||||||||||||||
Total Short-Term Investments (Cost $3,579,863) | 3,579,863 | 1.2 | |||||||||||||||||
Total Investments in Securities (Cost $225,591,637) | $ | 299,506,567 | 100.2 | ||||||||||||||||
Liabilities in Excess of Other Assets | (607,042 | ) | (0.2 | ) | |||||||||||||||
Net Assets | $ | 298,899,525 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | 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. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
Cost for federal income tax purposes is $235,434,050. |
Net unrealized appreciation consists of: | ||||||
Gross Unrealized Appreciation | $ | 87,317,002 | ||||
Gross Unrealized Depreciation | (23,244,485 | ) | ||||
Net Unrealized Appreciation | $ | 64,072,517 |
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs # (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at 4/30/2012 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||
Investments, at value | ||||||||||||||||||
Common Stock | ||||||||||||||||||
Consumer Discretionary | $ | 2,016,546 | $ | — | $ | — | $ | 2,016,546 | ||||||||||
Consumer Staples | 20,112,820 | 5,226,470 | — | 25,339,290 | ||||||||||||||
Energy | 70,485,761 | 56,702,809 | — | 127,188,570 | ||||||||||||||
Financials | 35,195,717 | 16,364,699 | — | 51,560,416 | ||||||||||||||
Industrials | 1,785,600 | 1,878,352 | — | 3,663,952 | ||||||||||||||
Information Technology | 1,544,172 | 2,534,336 | — | 4,078,508 | ||||||||||||||
Materials | 13,680,268 | 26,306,875 | — | 39,987,143 | ||||||||||||||
Telecommunications | 11,558,260 | 7,066,315 | — | 18,624,575 | ||||||||||||||
Utilities | 12,085,804 | 11,381,900 | — | 23,467,704 | ||||||||||||||
Total Common Stock | 168,464,948 | 127,461,756 | — | 295,926,704 | ||||||||||||||
Short-Term Investments | — | 3,579,863 | — | 3,579,863 | ||||||||||||||
Total Investments, at value | $ | 168,464,948 | $ | 131,041,619 | $ | — | $ | 299,506,567 |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED)
Beginning Balance on 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain (Loss) | Total Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers Out of Level 3 | Ending Balance on 4/30/2012 | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||||||||||||||||||||
Investments, at value | ||||||||||||||||||||||||||||||||||||||
Mutual Funds | $ | 1,296,952 | $ | — | $ | (1,300,565 | ) | $ | — | $ | 548,269 | $ | (544,656 | ) | $ | — | $ | — | $ | — | ||||||||||||||||||
Total Investments, at value | $ | 1,296,952 | $ | — | $ | (1,300,565 | ) | $ | — | $ | 548,269 | $ | (544,656 | ) | $ | — | $ | — | $ | — |
independently and, at times, jointly, and a Contracts Committee. Among other matters, the Contracts Committee provides oversight with respect to the contracts renewal and approval process, and each Fund is assigned to an IRC which provides oversight regarding, among other matters, the investment performance of the Adviser and Sub-Adviser, as well as the oversight by the Adviser of the performance of the Sub-Adviser. The IRCs may apply a heightened level of scrutiny in cases where performance has lagged a Fund’s relevant benchmark and/or selected peer group of investment companies (“Selected Peer Groups”).
of 2013. In addition ING Groep also announced that it will pursue an initial public offering for its European based insurance and investment management operations and explore options other than an initial public offering for its Asian insurance and investment management operations which may include certain Sub-Advisers. The Board further noted that this separation may result in the Adviser and Sub-Advisers’ loss of access to the services and resources of their current ultimate parent company, which could adversely affect their businesses and profitability. The Board recognized that, if the separation plans are deemed to be a change of control, the investment advisory and subadvisory agreements for the Funds would terminate and trigger the necessity for new agreements, which would require the approval of the Board and, potentially, the shareholders of a Fund. The Board also recognized that there can be no assurance that the separation plan will be carried out. The Board considered the potential effects of the separation on the Funds and the Adviser and Sub-Advisers, including their ability prior to, during and after the separation to perform the same level of service to the Funds as the Adviser and Sub-Advisers currently provide. In this regard, the Board noted that the Adviser and Sub-Advisers did not currently anticipate that the separation would have a material adverse impact on the Funds or their operations and administration.
dispersion between Funds managed by non-ING-affiliated Sub-Advisers and their similarly managed retail counterparts and again assists the Board in carrying out its general oversight duties. The Board also noted that the Adviser regularly monitors performance, personnel, compliance and myriad other issues that may arise on a day-to-day basis with regards to the Sub-Adviser and noted that, if issues are identified either through formal or informal processes, they are brought before the IRCs and the Board for consideration and action and the Adviser consistently makes its resources available to the Board and the Committees to assist with addressing any issues that arise.
Fund included its investment performance compared to the Fund’s Morningstar category median and/or Lipper category median, Selected Peer Group and primary benchmark. The FACT sheet performance data was as of June 30, 2011. In addition, the Board also considered at its November 17, 2011 meeting certain additional data regarding performance and Fund asset levels as of October 31, 2011. The Board’s findings specific to each Fund’s performance are discussed under “Fund-by-Fund Analysis” below.
the negotiation of sub-advisory fee rates. In this regard, the Board also noted that the Adviser (and not a Portfolio) pays the sub-advisory fees earned by a non-ING-affiliated Sub-Adviser. In addition, the Board noted that many of the Portfolios’ Sub-Advisers traditionally have not accounted for their profits on an account-by-account basis.
ending November 30, 2012. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
discussing: (a) Management’s rationale for recommending the Merger, (b) hypothetical performance of Emerging Markets Equity Fund comprised of combined composite results of Delaware and J.P. Morgan split 50/50, adjusted for the expenses of Emerging Markets Equity Fund through October 2011, plus the actual performance of Emerging Markets Equity Fund since inception date through November 30, 2011; (3) Delaware and J.P. Morgan’s responses to inquiries from K&L Gates LLP, counsel to the Non-Interested Trustees; (4) supporting documentation, including copies of the forms of the proposed Interim Agreements with Delaware and J.P. Morgan; and (5) other information relevant to the Board’s evaluation.
an Advisory Contract with a level fee rate that does not include breakpoints; (2) the pricing structure (including the expense ratio to be borne by shareholders) of the Fund, as compared to its Selected Peer Group, including that: (a) the management fee (inclusive of a 0.10% administration fee) for the Fund is below the median and the average management fees of the funds in its Selected Peer Group; and (b) the expense ratio for the Fund is below the median and the average expense ratios of the funds in its Selected Peer Group.
in lower fees at higher asset levels; and (2) the pricing structure (including the expense ratio to be borne by shareholders) of the Fund, as compared to its Selected Peer Group, including that: (a) the management fee (inclusive of a 0.10% administration fee) for the Fund is below the median and the average management fees of the funds in its Selected Peer Group; and (b) the expense ratio for the Fund is below the median and the average expense ratios of the funds in its Selected Peer Group.
investment performance; and (3) that Management would continue to monitor and the Board or its IRC would review, the Fund’s performance.
to its Selected Peer Group, including that: (a) the management fee (inclusive of a 0.10% administration fee) for the Fund is above the median and the average management fees of the funds in its Selected Peer Group; and (b) the expense ratio for the Fund is above the median and the average expense ratios of the funds in its Selected Peer Group.
effect that sector allocation had on the Fund’s performance; (2) Management’s confidence in the Sub-Adviser’s ability to execute the Fund’s investment strategy and Management’s expectation that the Fund’s longer-term performance will improve; and (3) that Management would continue to monitor, and the Board or its IRC would periodically review, the Fund’s performance.
ING Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
ING Funds Services, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
ING Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
The Bank of New York Mellon
One Wall Street
New York, New York 10286
Dechert LLP
1775 I Street, N.W.
Washington, D.C. 20006
![](https://capedge.com/proxy/N-CSRS/0001145443-12-000853/ing-logo.jpg)
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee Of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
Schedule is included as part of the report to shareholders filed under Item 1 of this Form.
ING INTERNATIONAL VALUE FUND | PORTFOLIO OF INVESTMENTS AS OF APRIL 30, 2012 (UNAUDITED) |
Shares | Value | Percentage of Net Assets | ||||
COMMON STOCK: 97.6% | ||||||
Australia: 1.5% | ||||||
129,480 | Iluka Resources Ltd. | 2,261,810 | 0 .4 | |||
119,621 | National Australia Bank Ltd. | 3,126,808 | 0 .6 | |||
126,239 | Westpac Banking Corp. | 2,974,973 | 0 .5 | |||
8,363,591 | 1 .5 | |||||
Belgium: 1.1% | ||||||
133,329 | Belgacom S.A. | 3,788,559 | 0 .7 | |||
124,258 | KBC Groep NV | 2,408,989 | 0 .4 | |||
6,197,548 | 1 .1 | |||||
Brazil: 1.6% | ||||||
49,892 | Banco do Brasil S.A. | 619,020 | 0 .1 | |||
196,071 | @ | Centrais Eletricas Brasileiras SA ADR | 1,670,525 | 0 .3 | ||
20,322 | @ | Oi SA ADR | 135,548 | 0 .0 | ||
69,439 | @ | Oi SA ADR | 1,245,041 | 0 .2 | ||
120,170 | Petroleo Brasileiro SA ADR | 2,662,967 | 0 .5 | |||
55,530 | Telefonica Brasil SA ADR | 1,580,939 | 0 .3 | |||
43,608 | Tim Participacoes SA ADR | 1,305,188 | 0 .2 | |||
9,219,228 | 1 .6 | |||||
Canada: 1.7% | ||||||
94,700 | Barrick Gold Corp. | 3,828,721 | 0 .7 | |||
177,000 | Kinross Gold Corp. | 1,584,150 | 0 .3 | |||
53,800 | Nexen, Inc. | 1,041,030 | 0 .2 | |||
90,500 | Suncor Energy, Inc. | 2,990,120 | 0 .5 | |||
9,444,021 | 1 .7 | |||||
China: 1.6% | ||||||
3,662,000 | China Construction Bank | 2,841,874 | 0 .5 | |||
279,000 | China Mobile Ltd. | 3,086,723 | 0 .5 | |||
5,260,000 | @ | Huaneng Power International, Inc. | 3,113,485 | 0 .6 | ||
190,000 | X | Sino-Forest Corp. | – | – | ||
9,042,082 | 1 .6 | |||||
Finland: 0.9% | ||||||
557,149 | Nokia OYJ | 2,017,825 | 0 .4 | |||
405,293 | Stora Enso OYJ (Euro Denominated Security) | 2,774,063 | 0 .5 | |||
4,791,888 | 0 .9 | |||||
France: 7.7% | ||||||
21,802 | Air Liquide | 2,804,320 | 0 .5 | |||
151,336 | Carrefour S.A. | 3,039,802 | 0 .5 | |||
42,343 | Cie Generale des Etablissements Michelin | 3,164,398 | 0 .6 | |||
317,435 | France Telecom S.A. | 4,351,409 | 0 .8 | |||
332,128 | Natixis | 1,012,462 | 0 .2 | |||
61,599 | Renault S.A. | 2,802,178 | 0 .5 | |||
178,697 | Sanofi-Aventis | 13,649,171 | 2 .4 | |||
107,769 | Societe Generale | 2,551,344 | 0 .4 | |||
12,804 | Technip S.A. | 1,454,023 | 0 .2 | |||
183,420 | Total S.A. | 8,804,804 | 1 .6 | |||
43,633,911 | 7 .7 | |||||
Germany: 6.0% | ||||||
32,300 | BASF AG | 2,659,353 | 0 .5 | |||
52,070 | Deutsche Bank AG | 2,260,514 | 0 .4 | |||
252,093 | Deutsche Post AG | 4,707,557 | 0 .8 | |||
481,861 | Deutsche Telekom AG | 5,432,839 | 1 .0 | |||
134,035 | E.ON AG | 3,034,784 | 0 .5 | |||
70,837 | Hannover Rueckversicheru - Reg | 4,286,858 | 0 .8 | |||
40,777 | SAP AG | 2,704,061 | 0 .5 | |||
92,315 | Siemens AG | 8,568,694 | 1 .5 | |||
33,654,660 | 6 .0 | |||||
Hong Kong: 1.3% | ||||||
642,800 | AIA Group Ltd. | 2,274,787 | 0 .4 | |||
6,582,000 | @,X | Chaoda Modern Agriculture Holdings Ltd. | 699,883 | 0 .1 | ||
328,000 | HongKong Electric Holdings | 2,448,835 | 0 .5 | |||
553,000 | Yue Yuen Industrial Holdings | 1,844,828 | 0 .3 | |||
7,268,333 | 1 .3 | |||||
Israel: 0.5% | ||||||
268,244 | Israel Chemicals Ltd. | 3,068,396 | 0 .5 | |||
Italy: 5.6% | ||||||
600,216 | Enel S.p.A. | 1,968,342 | 0 .3 | |||
432,795 | ENI S.p.A. | 9,616,603 | 1 .7 | |||
283,221 | Fiat Industrial SpA | 3,215,147 | 0 .6 | |||
1,939,890 | Intesa Sanpaolo S.p.A. | 2,940,585 | 0 .5 | |||
469,900 | Intesa Sanpaolo SpA | 628,029 | 0 .1 | |||
2,917,707 | @ | Telecom Italia S.p.A. | 3,310,087 | 0 .6 | ||
9,155,221 | @ | Telecom Italia S.p.A. RNC | 8,575,024 | 1 .5 | ||
410,934 | UniCredit SpA | 1,639,054 | 0 .3 | |||
31,892,871 | 5 .6 | |||||
Japan: 24.2% | ||||||
71,600 | Astellas Pharma, Inc. | 2,903,780 | 0 .5 | |||
94,800 | Canon, Inc. | 4,297,080 | 0 .8 | |||
804,590 | Chuo Mitsui Trust Holdings, Inc. | 2,357,080 | 0 .4 | |||
625,000 | Dai Nippon Printing Co., Ltd. | 5,546,809 | 1 .0 | |||
147,036 | Daiichi Sankyo Co., Ltd. | 2,525,103 | 0 .4 | |||
291,800 | Fuji Photo Film Co., Ltd. | 6,189,195 | 1 .1 | |||
241,000 | Hachijuni Bank Ltd. | 1,311,594 | 0 .2 | |||
809,888 | Hitachi Ltd. | 5,158,374 | 0 .9 | |||
133,500 | Honda Motor Co., Ltd. | 4,804,557 | 0 .9 | |||
144,500 | Hoya Corp. | 3,314,413 | 0 .6 | |||
420 | Inpex Holdings, Inc. | 2,773,054 | 0 .5 | |||
1,056 | Japan Tobacco, Inc. | 5,849,910 | 1 .0 | |||
108,000 | JGC Corp. | 3,109,870 | 0 .5 | |||
50,300 | Kao Corp. | 1,347,806 | 0 .2 | |||
110,600 | Komatsu Ltd. | 3,183,067 | 0 .6 | |||
93,300 | Mabuchi Motor Co., Ltd. | 3,903,171 | 0 .7 | |||
391,500 | Mitsubishi UFJ Financial Group, Inc. | 1,879,792 | 0 .3 | |||
158,800 | Mitsui Sumitomo Insurance Group Holdings, Inc. | 2,927,657 | 0 .5 | |||
14,200 | Nintendo Co., Ltd. | 1,916,772 | 0 .3 | |||
97,200 | Nippon Telegraph & Telephone Corp. | 4,397,878 | 0 .8 | |||
444,200 | Nissan Motor Co., Ltd. | 4,618,364 | 0 .8 |
ING INTERNATIONAL VALUE FUND | PORTFOLIO OF INVESTMENTS AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED) |
Shares | Value | Percentage of Net Assets | ||||
COMMON STOCK: (continued) | ||||||
Japan: (continued) | ||||||
83,000 | NKSJ Holdings, Inc. | 1,708,449 | 0 .3 | |||
2,240 | NTT DoCoMo, Inc. | 3,824,802 | 0 .7 | |||
179,900 | Omron Corp. | 3,822,111 | 0 .7 | |||
37,000 | Ono Pharmaceutical Co., Ltd. | 2,094,956 | 0 .4 | |||
22,930 | ORIX Corp. | 2,192,356 | 0 .4 | |||
52,400 | Rohm Co., Ltd. | 2,363,172 | 0 .4 | |||
47,100 | Sankyo Co., Ltd. | 2,270,940 | 0 .4 | |||
55,200 | Secom Co., Ltd. | 2,611,887 | 0 .5 | |||
95,200 | Sega Sammy Holdings, Inc. | 1,997,533 | 0 .4 | |||
285,900 | Seven & I Holdings Co., Ltd. | 8,654,248 | 1 .5 | |||
163,500 | Shiseido Co., Ltd. | 2,862,411 | 0 .5 | |||
83,000 | Sony Corp. | 1,342,425 | 0 .2 | |||
205,400 | Sumitomo Mitsui Financial Group, Inc. | 6,572,550 | 1 .2 | |||
14,100 | Taisho Pharmaceutical Holdings Co. Ltd. | 1,128,410 | 0 .2 | |||
87,000 | Takeda Pharmaceutical Co., Ltd. | 3,796,254 | 0 .7 | |||
31,200 | TDK Corp. | 1,629,169 | 0 .3 | |||
281,200 | Tokio Marine Holdings, Inc. | 7,194,114 | 1 .3 | |||
69,300 | Tokyo Electron Ltd. | 3,840,335 | 0 .7 | |||
59,100 | Toyota Motor Corp. | 2,421,786 | 0 .4 | |||
136,643,234 | 24 .2 | |||||
Mexico: 0.7% | ||||||
115,600 | America Movil SAB de CV ADR | 3,080,740 | 0 .6 | |||
107,744 | @ | Cemex SAB de CV ADR | 778,989 | 0 .1 | ||
3,859,729 | 0 .7 | |||||
Netherlands: 7.6% | ||||||
780,601 | @ | Aegon NV | 3,631,025 | 0 .6 | ||
38,187 | Akzo Nobel NV | 2,047,993 | 0 .4 | |||
73,685 | European Aeronautic Defence and Space Co. NV | 2,911,925 | 0 .5 | |||
186,112 | Koninklijke Ahold NV | 2,362,208 | 0 .4 | |||
259,624 | Royal Dutch Shell PLC - Class A | 9,259,750 | 1 .6 | |||
109,906 | Royal Dutch Shell PLC - Class B | 4,021,967 | 0 .7 | |||
216,359 | @ | Koninklijke Philips Electronics NV | 4,305,633 | 0 .8 | ||
296,256 | Unilever NV | 10,148,019 | 1 .8 | |||
248,166 | Wolters Kluwer NV | 4,290,133 | 0 .8 | |||
42,978,653 | 7 .6 | |||||
Norway: 0.5% | ||||||
110,120 | Statoil ASA | 2,954,783 | 0 .5 | |||
Portugal: 0.7% | ||||||
972,889 | Energias de Portugal S.A. | 2,782,168 | 0 .5 | |||
225,276 | L | Portugal Telecom SGPS S.A. | 1,212,235 | 0 .2 | ||
3,994,403 | 0 .7 | |||||
Russia: 0.4% | ||||||
33,400 | Lukoil OAO ADR | 2,049,090 | 0 .4 | |||
Singapore: 1.5% | ||||||
334,000 | Oversea-Chinese Banking Corp. | 2,411,977 | 0 .4 | |||
1,074,100 | Singapore Telecommunications Ltd. | 2,701,868 | 0 .5 | |||
204,500 | United Overseas Bank Ltd. | 3,172,898 | 0 .6 | |||
8,286,743 | 1 .5 | |||||
South Africa: 1.0% | ||||||
72,429 | AngloGold Ashanti Ltd | 2,483,507 | 0 .4 | |||
147,857 | Gold Fields Ltd. | 1,894,029 | 0 .3 | |||
72,300 | Impala Platinum Holdings Ltd. | 1,411,380 | 0 .3 | |||
5,788,916 | 1 .0 | |||||
South Korea: 1.5% | ||||||
69,510 | @ | Korea Electric Power Corp. | 1,333,477 | 0 .2 | ||
297,900 | KT Corp. ADR | 3,828,015 | 0 .7 | |||
6,047 | Posco | 2,003,241 | 0 .4 | |||
10,185 | SK Telecom Co., Ltd. | 1,219,619 | 0 .2 | |||
8,384,352 | 1 .5 | |||||
Spain: 1.1% | ||||||
366,236 | Banco Popular Espanol S.A. | 1,171,188 | 0 .2 | |||
338,985 | Indra Sistemas S.A. | 3,519,811 | 0 .6 | |||
115,402 | Telefonica S.A. | 1,685,183 | 0 .3 | |||
6,376,182 | 1 .1 | |||||
Sweden: 1.9% | ||||||
761,520 | @ | Telefonaktiebolaget LM Ericsson | 7,549,301 | 1 .3 | ||
197,845 | Swedbank AB | 3,265,950 | 0 .6 | |||
10,815,251 | 1 .9 | |||||
Switzerland: 5.3% | ||||||
75,646 | Nestle S.A. | 4,636,289 | 0 .8 | |||
123,663 | Novartis AG | 6,828,208 | 1 .2 | |||
34,837 | Roche Holding AG - Genusschein | 6,366,829 | 1 .1 | |||
316,700 | STMicroelectronics NV | 1,823,505 | 0 .3 | |||
93,384 | @ | Swiss Re Ltd. | 5,863,869 | 1 .1 | ||
6,100 | Swisscom AG | 2,271,725 | 0 .4 | |||
149,300 | @ | UBS AG - Reg | 1,864,487 | 0 .4 | ||
29,654,912 | 5 .3 | |||||
Thailand: 0.3% | ||||||
308,000 | Kasikornbank PCL | 1,632,139 | 0 .3 | |||
United Kingdom: 19.4% | ||||||
126,530 | AstraZeneca PLC | 5,544,732 | 1 .0 | |||
885,312 | BAE Systems PLC | 4,242,628 | 0 .8 | |||
1,638,604 | Barclays PLC | 5,801,237 | 1 .0 | |||
201,686 | BHP Billiton PLC | 6,492,659 | 1 .2 | |||
917,681 | BP PLC | 6,629,431 | 1 .2 | |||
70,400 | BP PLC ADR | 3,056,064 | 0 .5 | |||
145,918 | CRH PLC | 2,957,788 | 0 .5 | |||
54,900 | Ensco International PLC ADR | 3,000,285 | 0 .5 | |||
388,533 | GlaxoSmithKline PLC | 8,975,708 | 1 .6 | |||
2,397,620 | Home Retail Group | 4,147,815 | 0 .7 | |||
655,312 | HSBC Holdings PLC | 5,915,626 | 1 .0 | |||
57,998 | Imperial Tobacco Group PLC | 2,319,370 | 0 .4 | |||
1,244,934 | ITV PLC | 1,691,646 | 0 .3 | |||
270,300 | J Sainsbury PLC | 1,351,214 | 0 .2 | |||
400,200 | Kingfisher PLC | 1,887,330 | 0 .3 |
ING INTERNATIONAL VALUE FUND | PORTFOLIO OF INVESTMENTS AS OF APRIL 30, 2012 (UNAUDITED) (CONTINUED) |
Shares | Value | Percentage of Net Assets | ||||
COMMON STOCK: (continued) | ||||||
United Kingdom: (continued) | ||||||
1,714,270 | Legal & General Group PLC | 3,273,238 | 0 .6 | |||
7,472,290 | @ | Lloyds TSB Group PLC | 3,750,673 | 0 .7 | ||
469,251 | Marks & Spencer Group PLC | 2,719,676 | 0 .5 | |||
265,565 | Prudential PLC | 3,254,745 | 0 .6 | |||
24,000 | Randgold Resources Ltd. ADR | 2,139,600 | 0 .4 | |||
70,814 | Rio Tinto PLC | 3,969,470 | 0 .7 | |||
52,500 | Signet Jewelers Ltd. | 2,560,425 | 0 .5 | |||
163,695 | Standard Chartered PLC | 4,001,637 | 0 .7 | |||
1,329,803 | Tesco PLC | 6,852,055 | 1 .2 | |||
2,834,439 | Vodafone Group PLC | 7,845,629 | 1 .4 | |||
515,231 | WM Morrison Supermarkets PLC | 2,346,759 | 0 .4 | |||
209,495 | WPP PLC | 2,836,770 | 0 .5 | |||
109,564,210 | 19 .4 | |||||
United States: 2.0% | ||||||
115,900 | Coca-Cola Enterprises, Inc. | 3,490,908 | 0 .6 | |||
69,600 | Newmont Mining Corp. | 3,316,440 | 0 .6 | |||
63,300 | @ | Rowan Cos., Inc. | 2,185,749 | 0 .4 | ||
64,434 | @ | TE Connectivity Ltd. | 2,349,264 | 0 .4 | ||
11,342,361 | 2 .0 | |||||
Total Common Stock | ||||||
(Cost $603,391,460) | 550,901,487 | 97 .6 | ||||
Principal Amount† | Value | Percentage of Net Assets | ||||
SHORT-TERM INVESTMENTS: 0.2% | ||||||
Securities Lending Collateralcc(1): 0.2% | ||||||
163,203 | Citigroup, Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $163,204, collateralized by various U.S. Government Agency Obligations, 3.500%-5.500%, Market Value plus accrued interest $166,467, due 04/15/24-05/01/42) | 163,203 | 0 .0 | |||
1,000,000 | Merrill Lynch & Co., Inc., Repurchase Agreement dated 04/30/12, 0.21%, due 05/01/12 (Repurchase Amount $1,000,006, collateralized by various U.S. Government Agency Obligations, 4.000%, Market Value plus accrued interest $1,020,000, due 08/15/41-12/20/41) | 1,000,000 | 0 .2 | |||
1,163,203 | 0 .2 | |||||
Shares | Value | Percentage of Net Assets | ||||
Mutual Funds: 0.0% | ||||||
67,101 | BlackRock Liquidity Funds, TempFund, Institutional Class | |||||
(Cost $67,101) | 67,101 | 0 .0 | ||||
Total Short-Term Investments | ||||||
(Cost $1,230,304) | 1,230,304 | 0 .2 | ||||
Total Investments in Securities (Cost $604,621,764) | $ 552,131,791 | 97 .8 | ||||
Assets in Excess of Other Liabilities | 12,650,573 | 2 .2 | ||||
Net Assets | $ 564,782,364 | 100 .0 | ||||
† | Unless otherwise indicated, principal amount is shown in USD. |
@ | Non-income producing security |
ADR | American Depositary Receipt |
cc | Securities purchased with cash collateral for securities loaned. |
L | Loaned security, a portion or all of the security is on loan at April 30, 2012. |
X | Fair value determined by ING Funds Valuation Committee appointed by the Funds' Board of Directors/Trustees. |
(1) | Collateral received from brokers for securities lending was invested into these short-term investments. |
Cost for federal income tax purposes is $614,421,315. | ||
Net unrealized depreciation consists of: | ||
Gross Unrealized Appreciation | $44,304,621 | |
Gross Unrealized Depreciation | (106,594,145) | |
Net Unrealized Depreciation | $(62,289,524) | |
Sector Diversification | Percentage of Net Assets |
Consumer Discretionary | 8.1% |
Consumer Staples | 9.6 |
Energy | 11.0 |
Financials | 18.6 |
Health Care | 9.5 |
Industrials | 8.3 |
Information Technology | 9.3 |
Materials | 8.7 |
Telecommunications | 11.6 |
Utilities | 2.9 |
Short-Term Investments | 0.2 |
Assets in Excess of Other Liabilities | 2.2 |
Net Assets | 100.0% |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-end Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-end Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-end Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
The Board has a Nominating Committee for the purpose of considering and presenting to the Board candidates it proposes for nomination to fill Independent Trustee vacancies on the Board. The Committee currently consists of all Independent Trustees of the Board. (6 individuals). The Nominating Committee operates pursuant to a Charter approved by the Board. The primary purpose of the Nominating Committee is to consider and present to the Board the candidates it proposes for nomination to fill vacancies on the Board. In evaluating candidates, the Nominating Committee may consider a variety of factors, but it has not at this time set any specific minium qualifications that must be met. Specific qualifications of candidates for Board membership will be based on the needs of the Board at the time of nomination.
The Nominating Committee is willing to consider nominations received from shareholders and shall assess shareholder nominees in the same manner as it reviews its own nominees. A shareholder nominee for director should be submitted in writing to the Fund’s Secretary. Any such shareholder nomination should include at a minimum the following information as to each individual proposed for nomination as trustee: such individual’s written consent to be named in the proxy statement as a nominee (if nominated) and to serve as a trustee (if elected), and all information relating to such individual that is required to be disclosed in the solicitation of proxies for election of trustees, or is otherwise required, in each case under applicable federal securities laws, rules and regulations.
The secretary shall submit all nominations received in a timely manner to the Nominating Committee. To be timely, any such submission must be delivered to the Fund’s Secretary not earlier than the 90th day prior to such meeting and not later than the close of business on the later of the 60th day prior to such meeting or the 10th day following the day on which public announcement of the date of the meeting is first made, by either disclosure in a press release or in a document publicly filed by the Fund with the Securities and Exchange Commission.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. | |||
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Exhibits.
(a)(1) | The Code of Ethics is not required for the semi-annual filing. | |||
(a)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT. | |||
(a)(3) | Not required for semi-annual filing. | |||
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): ING Mayflower Trust
By | /s/ Shaun P. Mathews | |||
Shaun P. Mathews President and Chief Executive Officer | ||||
Date: | July 3, 2012 | |||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Shaun P. Mathews | |||
Shaun P. Mathews President and Chief Executive Officer | ||||
Date: | July 3, 2012 | |||
By | /s/ Todd Modic | |||
Todd Modic Senior Vice President and Chief Financial Officer | ||||
Date: | July 3, 2012 | |||