ING

Investment Management

2011 U.S. Government Obligation Assets and Income Information

As of December 31, 2011

The chart below shows various ING Funds assets invested in U.S. Government obligations and income from U.S. Government obligations.

Primary represents direct U.S. Government obligations backed by the full faith and credit of the U.S. Government such as U.S. Treasury Bills, notes and bonds.

Secondary represents securities issued by U.S. Government sponsored agencies such as the Federal National Mortgage Association (FNMA or “Fannie Mae”), Federal Home Loan Mortgage Corporation (FHLMC or “Freddie Mac”) and the Government National Mortgage Association (GNMA or “Ginnie Mae”)

Shareholders are advised to consult their own tax advisers with respect to the tax consequences of their investment in the underlying Funds.

 Assets Invested in U.S. Gov Obligations PrimaryAssets Invested in U.S. Gov Obligations SecondaryOrdinary Income From U.S. Gov Obligations PrimaryOrdinary Income From U.S. Gov Obligations Secondary
ING Global Bond Fund14.16%8.66%5.50%5.42%
ING GNMA Income Fund0.00%93.88%0.07%99.91%
ING Intermediate Bond Fund10.13%30.14%6.37%18.30%
ING Money Market Fund10.25%9.96%0.43%2.25%
ING VP Intermediate Bond Fund14.01%29.38%7.28%19.24%

The following Funds did not have either income from U.S. Government obligations or Assets invested in US Governmet obligations:

  • ING Asia Pacific Real Estate Fund
  • ING Capital Allocation Fund
  • ING Core Equity Research
  • ING Diversified International Fund
  • ING Emerging Countries Fund
  • ING Equity Dividend Fund
  • ING European Real Estate Fund
  • ING Floating Rate Fund
  • ING Global Equity Dividend Fund
  • ING Global Natural Resources Fund
  • ING Global Opportunities Fund
  • ING Global Target Payment Fund
  • ING Global Value Choice Fund
  • ING Greater China Fund
  • ING High Yield Bond Fund
  • ING Index Plus International Equity Fund
  • ING Index Plus LargeCap Fund
  • ING Index Plus MidCap Fund
  • ING Index Plus SmallCap Fund
  • ING International Capital Appreciation Fund
  • ING International Growth Opportunities Fund
  • ING International Real Estate Fund
  • ING International SmallCap Multi-Manager Fund
  • ING International Value Choice Fund
  • ING International Value Opportunities Fund
  • ING MidCap Opportunities Fund
  • ING Prime Rate Trust Fund
  • ING Russia Fund
  • ING Senior Income Fund
  • ING Small Company Fund
  • ING Value Choice Fund
  • ING VP Growth and Income Fund

The following Closed-End Funds did not have assets invested in or income from U.S. Government obligations:

  • ING Asia Pacific High Dividend Equity Income Fund
  • ING Global Advantage and Premium Opportunity Fund
  • ING Global Equity Dividend and Premium Opportunity Fund
  • ING Infrastructure, Industrials and Materials Fund
  • ING International High Dividend Equity Income Fund
  • ING Prime Rate Trust
  • ING Risk-Managed Natural Resources Fund