ING Institutional Prime Money Market Fund
Investment Objective
High level of current income, consistent with the preservation of capital and liquidity and the maintenance of a stable $1.00 NAV per share.
Main Investments
High quality, U.S. dollar denominated short-term debt securities.
Rating
Standard & Poor’s rating: AAAm
Main Risks
Credit, interest rate and other risks that accompany an investment in short term debt securities.
Minimum Investment
$10 million
Fund Adviser
ING Investments, LLC
Fund Sub-Adviser
ING Investment Management Co.
ING Investment Management Co.
ING Investment Management Co. (‘‘ING IM’’ or ‘‘Sub- Adviser’’), a Connecticut corporation, serves as the Sub-Adviser to the Fund. ING IM is responsible for managing the assets of the Fund in accordance with the Fund’s investment objective and policies, subject to oversight by ING Investments and the Fund’s Board.
Founded in 1972, ING IM is registered with the SEC as an investment adviser. ING IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. ING IM is an affiliate of ING Investments, the Fund Adviser.
ING Investment Management Americas, part of ING Groep, manages over $180 billion. ING Groep is one of the largest financial services organizations in the world with approximately 113,000 employees. Based in Amsterdam, ING Groep offers an array of banking, insurance and asset management services to both individual and institutional investors.
ING Institutional Prime Money Market Fund
The Fund is managed by David S. Yealy. Mr. Yealy, Senior Portfolio Manager, joined ING IM in November 2004 and has over 18 years of investment experience. Prior to joining ING IM, he was a Managing Director with Trusco Capital Management where he was responsible for over $9 billion of assets under management.
Fees
Management fee: 0.08%
Other expenses: 0.08%
Total: 0.16%
Credit ratings provided by Standard & Poor’s are statements of opinion and are not recommendations to purchase, hold, or sell any securities or make any other investment decision. An investment in the Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve your investment at $1.00 per share it is possible to lose money by investing in the fund.
For more complete information, or to obtain a prospectus, please contact your financial adviser or call ING at 212-309 6490. 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 fund.
ING Investment Management Services LLC, member NASD.
