Investment Management
ING_LEXCX
ING Corporate Leaders Trust Fund Series B
Fund Description
Overview
- Created in 1935 with an equal number of common stock shares of the 30 leading U.S. companies at the time
- New stocks can’t be purchased, so holdings have changed only due to spin-off or merger since then
- A passively managed grantor trust registered with the SEC as a unit investment trust
Investment Objective
The Fund seeks long-term capital growth and income through investment generally in an equal number of shares of common stock of a fixed list of American blue-chip corporations.
Daily Prices as of 05/17/2013
| Net Asset Value (NAV) | $29.54 |
|---|---|
| % Change | +1.41 |
| $ Change | +0.41 |
| Public Offering Price (POP) | |
| YTD Return | +18.78% |
Fund Facts
| Ticker Symbol | LEXCX |
|---|---|
| CUSIP | 44978J104 |
| Inception Date | Nov 18, 1935 |
| Dividends Paid | Semi-Annually |
| Min. Initial Investment | $1000.00 |
Management Team
The ING Corporate Leaders Trust Fund is a passively managed grantor trust. The Fund is registered with the SEC as a unit investment trust.
Average Annual Total Returns %
| As of 04/30/2013 | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
Inception
(11/18/35) |
Gross Exp. |
Net Exp. |
|---|---|---|---|---|---|---|---|---|
| Net Asset Value | +13.11 | +20.11 | +17.33 | +6.73 | +11.15 | — | 0.52% | 0.52% |
| With Sales Charge | +13.11 | +20.11 | +17.33 | +6.73 | +11.15 | — | ||
| Net Asset Value | +11.98 | +18.56 | +17.59 | +7.87 | +11.77 | — | 0.52% | 0.52% |
| With Sales Charge | +11.98 | +18.56 | +17.59 | +7.87 | +11.77 | — |
The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. You may obtain performance information current to the most recent month-end by visiting www.ingfunds.com. Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
SEC fund returns assume the reinvestment of dividends and capital gain distributions and include a sales charge. Net Asset Value fund returns assume the reinvestment of dividends and capital gain distributions. Total return for less than one year is not annualized. Results would have been less favorable if the sales charge were included.
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Investing in funds that are concentrated in a smaller number of holdings poses greater risk than funds with a larger number of holdings because each investment has a greater effect on the Fund's performance. The value of a participation fluctuates with the market value of the underlying portfolio securities of the Trust. The dividend income, if any, from the portfolio securities is subject to fluctuation which in turn will affect the amounts of distributions made to participants. An investor in the Trust has no assurance against loss in a declining market, and redemption at a time when the market value of the participations is less than their cost will result in a loss to the investor.
Taxation: For Federal income tax purposes, (1) the Trust will be treated as a fixed investment trust and will not be subject to Federal income tax, (2) each participant will be treated as the owner of his pro rata portion of the common stock of the corporations held by the Trust, (3) each participant will be required to include in his gross income his pro rata portion of the dividends and interest received by the Trust (including the amounts of such dividends and interest that are not distributed to participants but are used to pay the fees and expenses of the Trust), at the time such dividends and interest are received by the Trust, not at the later time such dividends and interests are distributed to participants or reinvested in additional participations, and (4) each individual participant who itemizes deductions may deduct his pro rata portion of the fees and expenses of the Trust only to the extent such amount, together with his other miscellaneous itemized deductions, exceeds 2% of his adjusted gross income. Please see the prospectus for further information.
For more complete information, or to obtain a prospectus on any ING Fund, please contact your investment professional or ING Investments Distributor, LLC at (800) 992-0180 for a prospectus. The prospectus should be read carefully before investing. Consider the investment objectives, risks, and charges and expenses carefully before investing. The prospectus contains this information and other information about the funds. Check with your Investment Professional to determine which funds are available for sale within their firm. Not all funds are available for sale at all firms.
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