This Sub-Fund aims to generate returns via the active management of a portfolio of bonds and money market instruments issued mainly by financial institutions and companies by investing a minimum of 2/3 in bonds and money market instruments denominated in euro. Measured over a period of several years this Sub-Fund aims to beat the performance of the Benchmark Barclays Capital Euro Corporate.
When selecting investments, and on the basis of assessments carried out by the ING Group, the Sub-Portfolio Manager shall analyse, maintain and update the credit rating of future investments and shall ensure that the average rating of the portfolio is BBB - or better. The manager will always take the quality and diversity of issuers and sectors, along with the maturity date, into consideration.
It is stipulated that any liquid assets held on an ancillary basis will not be taken into account when calculating the above-mentioned limit of two thirds.
The Sub-Fund may also invest, on an ancillary basis, in other transferable securities (including warrants on transferable securities up to 10% of the Sub-Fund’s net assets), money market instruments, Rule 144 A securities, units of UCITS and other UCIs and deposits as described in Chapter III “Investment restrictions”, section A “Eligible investments” of Part III of the Prospectus. However, investments in UCITS and UCIs may not exceed a total of 10% of the net assets. Where the Sub-Fund invests in warrants on transferable securities, note that the Net Asset Value may fluctuate more than if the Sub-Fund were invested in the underlying assets because of the higher volatility of the value of the warrant.
With a view to achieving the investment objectives, the Sub-Fund may also use derivative financial instruments including, but not limited to, the following:
- options and futures on transferable securities or money market instruments
- futures and options on stock exchange indices
- futures, options and interest rate swaps

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ING INVESTMENT MANAGEMENT 

The performance figures in the table above are calculated using offer-to-bid prices, with any income or dividends reinvested. Performance figures of over 1 year are annualised. (Eg. A 33.1% gain in 3 years works out to a 10% gain per year when annualised.) As per MAS regulations, the offer price is based on the normal sales charge which is higher than Fundsupermart's discounted sales charge.

The performance figures in the table above are calculated using bid-to-bid prices, with any income or dividends reinvested. Performance figures of over 1 year are annualised.(Eg. A 33.1% gain in 3 years works out to a 10% gain per year when annualised.)

Historical prices shown are the NAV prices. The "All time high" and "All time low" prices are the highest and the lowest NAV prices from the first dealing date since inception and the latest available dealing date respectively.

The performance figures in the table above are calculated using bid-to-bid prices, with any income or dividends reinvested and in SGD.

The above fund holidays are based on the latest information provided by the individual fund managers. Omissions may occur in the event that Fundsupermart.com is not informed on time.