Fund Description Overview Seeks to make level, monthly payments per share, re-set annually.* Offers exposure to multiple key asset classes in a fund-of-funds structure. Designed for retired investors or investors nearing retirement who seek stable level of monthly payments from their investment in the Fund as well as growth potential and global diversification. * The annual payment rate determined is within a range of 5.00%–7.00% for the Class A shares, 5.25%–7.25% for the Class I and W shares and 4.25%–6.25% for the Class C shares based on ING's assessment of market conditions. Investment Objective The Fund seeks to meet the managed payment policy of the Fund, while seeking to preserve investors' capital over the long term. The Fund's secondary investment objective is to seek the potential for long-term capital appreciation. Daily Prices as of 02/08/2010 Net Asset Value (NAV) $8.05 % Change -0.62 $ Change -0.05 Public Offering Price (POP) $8.54 YTD Return -4.55% Lookup Historical Prices Fund Facts Ticker Symbol IGPAX CUSIP 44981N811 Inception Date Jul 1, 2008 Dividends Paid Monthly Min. Initial Investment $10,000 More Info Related Resources Prospectus Fund Fact Sheet Annual Report Semi-Annual Report Complete Portfolio Holdings ING Global Target Payment Calculator Portfolio Construction Made Easier Targeting your retirement income needs

Investment Style More Info Management Team Paul Zemsky, CFA Portfolio Manager Managed Fund since 2008 Stephane Arvanitis, MMF, CAIA Senior Vice President, Head of Derivative Strategies Managed Fund since 2009 View Detailed Information

Average Annual Total Returns %

* Return calculations for the period beginning April 2, 2001 through June 30, 2002, reflect no deduction of a front-end sales charge. Return calculations for the period beginning July 1, 2002 through October 10, 2004, reflect the deduction of the maximum Class A sales charge of 4.75%. Effective, October 11, 2004, return calculations with a starting date on or after October 11, 2004 are based on a 2.50% sales charge.

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¹ The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, brokerage and extraordinary expenses and is subject to possible recoupment. Please see the Fund's prospectus for more information. The expense limits will continue through at least March 1, 2010. Expenses are being waived to the contractual cap.

² The Fund's Acquired (Underlying) Funds Fees and Expenses are based on a weighted average of the fees and expenses of the Underlying Funds in which it invests. The amount of fees and expenses of the Underlying Funds borne by a Fund will vary based on the Fund's allocation of assets to, and annualized net expenses of, the particular Underlying Funds during the Fund's fiscal year. The total expense limit for Diversified International Fund, including expenses of the Acquired (Underlying) Funds, is 1.65% for Class A shares.

Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

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.

It is important to note that the Fund has a limited operating history. Performance over a longer period of time may be more meaningful than short-term performance.