Funds' list

Mixed funds

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0444956279	ING (L) Multifond Aktiv V5*	CZK	Mixed	equity/interest
LU0405489047	ING (L) Patrimonial Aggressive*	CZK	Mixed	equity/interest
LU0405489120	ING (L) Patrimonial Euro*	CZK	Mixed	equity/interest

New conservative fund offers stable returns above returns of money market instruments and limits its downside risk at the same time.

The objective of the sub-fund is to invest globally in a diversified mixed portfolio of equities, bonds and mutual funds with approximately 75% of the portfolio invested in equities and 25% in bonds.

This balanced sub-fund invests in bonds, equities and mutual funds within the Euro-Zone with approximately 50% of the portfolio invested in equities and 50% in bonds.

Equity Funds - Core

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0082087353	ING International Czech Equity	CZK	Equity	equity/currency
LU0295015993	ING (L) Invest Emerging Markets (CZK)*	CZK	Equity	equity/currency
LU0104531511	ING (L) Invest Emerging Markets	USD	Equity	equity/currency
LU0095527585	ING (L) Invest EMU Equity	EUR	Equity	equity
LU0082087510	ING (L) Invest European Equity	EUR	Equity	equity/currency
LU0405488742	ING (L) Invest European Equity (CZK)*	CZK	Equity	equity
LU0082087783	ING (L) Invest Japan	JPY	Equity	equity
LU0429745879	ING (L) Invest Japan (CZK)*	CZK	Equity	equity
LU0082087940	ING (L) Invest US (ECC)	USD	Equity	equity
LU0405488825	ING (L) Invest US (ECC) (CZK)*	CZK	Equity	equity
LU0119219730	ING (L) Invest World	EUR	Equity	equity/currency
LU0405488585	ING (L) Invest World (CZK)*	CZK	Equity	equity

The sub-fund mainly invests in large, established companies with proven performance records. The portfolio consists of equities with an important weight in the Czech Republic (min. 51%), Poland and Hungary. With smaller weights also other East European countries are represented.

Invests in shares traded on the stock exchange of countries in Latin America (including the Caribbean), Asia (ex. Japan), Eastern Europe, Emerging Europe, Middle East and Africa.

Invests in diversified portfolio of mainly shares traded oin the official stock exchanges of the EMU countries.

European equity market

This subfond invests into blue-chips companies in the European equity markets.

Invests in large caps, which represent various business sectors and consist of a large group of multinationlas with diversified activities and leading positions in their sectors.

Investment into a diversified portfolio of Japanese companies.

The sub-fund mainly invests in large caps, representing various business sectors traded on oficial stock exchanges of USA.

The subfund mainly invests in large caps, representing various business sectors traded on oficial stock exchanges of USA.

The sub-fund invests in a diversified portfolio of shares traded on the official Stock Exchanges of world countries and denominated in local currencies.

The subfund invests in a diversified portfolio of shares traded on the official Stock Exchanges of world countries and denominated in local currencies.

Equity Funds - Sector

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0121172307	ING (L) Invest Banking & Insurance	USD	Equity	equity/currency
LU0119199106	ING (L) Invest Biotechnology	USD	Equity	equity/currency
LU0119200128	ING (L) Invest Computer Technologies	USD	Equity	equity/currency
LU0121203037	ING (L) Invest Consumer Goods	USD	Equity	equity/currency
LU0121175821	ING (L) Invest Energy	USD	Equity	equity/currency
LU0405488668	ING (L) Invest Energy (CZK)*	CZK	Equity	equity
LU0121179575	ING (L) Invest European Banking & Insurance	EUR	Equity	equity/currency
LU0295013196	ING (L) Invest European Real Estate*	CZK	Equity	equity/currency
LU0121192081	ING (L) Invest European Telecom	EUR	Equity	equity/currency
LU0121192677	ING (L) Invest Food & Beverages	USD	Equity	equity/currency
LU0250183208	ING (L) Invest Global Real Estate	EUR	Equity	equity/currency
LU0121188642	ING (L) Invest Health Care	USD	Equity	equity/currency
LU0152718507	ING (L) Invest Industrials	EUR	Equity	equity/currency
LU0119199791	ING (L) Invest Materials	USD	Equity	equity/currency
LU0429746091	ING (L) Invest Materials (CZK)*	CZK	Equity	equity
LU0121205750	ING (L) Invest Telecom	USD	Equity	equity/currency
LU0429746174	ING (L) Invest Telecom (CZK)*	CZK	Equity	equity
LU0121207376	ING (L) Invest Utilities	USD	Equity	equity/currency

Invests in securities issued by companies active in the financial sector. This may include companies involved in the following industries: banking, consumer credits, investment banking and brokerage, asset management and insurance.

The fund invests in a diversified portfolio of biotechnology stocks.

The sub-fund mainly invests in companies involved in software and IT services and to a lesser extent in hardware companies.

Invests in the consumer discretionary sector. This may include companies involved in the following industries: automobiles & components, consumer durables & apparel, hotels, restaurants and leisure, media and retailing.

Invests in companies active in the energy sector.

Invests in the European financial sector (including: banking, consumer finance, investment banking and brokerage, asset management and insurance).

Invests in the European real estate sector.

Invests in the telecom sector. This may include companies from any European country that provide communications services.

Invests in the consumer staples sector (manufacturers and distributors of food, beverages and tobacco; producers of non-durable household goods and personal products; food & drug retailers).

Invests in the global real estate sector.

Invests in the health care sector (including health care

equipment and services, research,

development, production or marketing of pharmaceuticals or biotechnology products).

Invests in companies involved in the industrial sector.

Invests in a diversified portfolio of large capitalisation materials stocks.

Investment into companies acitve in the telecom sector.

Invests in the utilities sector (including electric, gas or water utilities, etc).

Equity Funds - Regional

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0113311731	ING (L) Invest Emerging Europe	EUR	Equity	equity/currency
LU0121204944	ING (L) Invest Greater China	USD	Equity	equity/currency
LU0113302664	ING (L) Invest Latin America	USD	Equity	equity/currency
LU0113303043	ING (L) Invest New Asia	USD	Equity	equity/currency

Invests in the European emerging countries with strong share of Russia.

Invests companies from the following emerging countries: the People's Republic of China, Hong Kong and Taiwan.

Invests in companies from Latin America (including the Caribbean).

Invests in the Asia-Pacific region (excluding Japan and Australia).

Equity Funds - Investment Style

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0127786860	ING (L) Invest Euro High Dividend	EUR	Equity	equity/currency
LU0205352882	ING (L) Invest Europe High Dividend	EUR	Equity	equity/currency
LU0108284653	ING (L) Invest European Small Caps	EUR	Equity	equity/currency
LU0295015134	ING (L) Invest Global Opportunities*	CZK	Equity	equity/currency
LU0295015480	ING (L) Invest Global High Dividend (CZK)*	CZK	Equity	equity/currency
LU0146257711	ING (L) Invest Global High Dividend	EUR	Equity	equity/currency
LU0121202492	ING (L) Invest Prestige & Luxe	EUR	Equity	equity/currency
LU0214495557	ING (L) Invest US High Dividend	USD	Equity	equity/currency

Invests in companies from the European Monetary Union that offer attractive dividend yield.

Invests in companies in any industrialised European country that offer an attractive dividend yield.

The sub-fund invests primarily in a diversifed portfolio of shares and/or transferable securities issued by small and medium sized companies incorporated, quoted or traded on an European Stock exchange. Most of these companies have a market capitalisation of less than 5.0 bn Eur.

Invests in companies from any industrialised country that are likely to yield higher earnings growth than the global average.

This sub-fund is aiming for capital growth through a diversified portfoliof international stocks with higher dividend/yield ratios than the market average.

Invests in companies with "Prestige and Luxe" associated brands, that have

strong market positions on a global level.

Invests in companies from North America offering an attractive dividend yield.

Funds for Short-term and Medium-term Investment

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0082087270	ING International (II) Czech Money Market	CZK	Money market	Interest
LU0082087437	ING International Czech Bond	CZK	Bond	Interest
LU0119221637	ING (L) Renta Fund Dollar	USD	Bond	Interest
LU0119222015	ING (L) Renta Fund Euro	EUR	Bond	Interest
LU0092532034	ING (L) Renta Fund Euromix Bond	EUR	Bond	Interest/currency
LU0128047684	ING (L) Renta Fund Global High Yield	EUR	Bond	Credit/interest/currency
LU0119223682	ING (L) Renta Fund World	EUR	Bond	Interest/currency
LU0168927423	ING International (II) Slovak Bond	EUR	Bond	Interest

Invests in diversified portfolio of liquid CZK denominated fixed-income instruments of prime debtors with average modified duration of maximal 1 year.

Invests in bonds issued by the Czech government, municipalities and corporations as well as issues of Czech subsidiaries of international companies.

Diversified portfolio invests mainly in fixed income securities denominated in USD, CAD and AUD issued by first class issuers such as governments, multinationals, supra-nationals or prime private sector issuers.

Invests in long and medium term bonds issued , to a large extent by governments, international bodies and other first category issuers of EMU countries.

Invests in diversified portfolio of fixed income securities and instruments denominated in European currencies including euro. The average maturity normally fluctuates arround 5 and 7 years.

The bond sub-fund, managed on a total return basis.

Invests in fixed income instruments issued by issuers from member states of the OECD and denominated in OECD currencies.

The objective of the sub-fund is to achieve long-term capital growth in euro terms. The sub-fund mainly invests in liquid euro denominated bonds with investment grade credit rating.

Dividend Paying Funds (primarily suitable for corporate clients)

ISIN	Fund name	Currency	Asset Class	Risk Profile
LU0120667240	ING International Czech Equity D	CZK	Equity	equity/currency
LU0120667166	ING International Czech Bond D	CZK	Bond	Interest
LU0120667323	ING International (II) Czech Money Market D	CZK	Money market	Interest

Invests in bonds issued by the Czech government, municipalities and corporations as well as issues of Czech subsidiaries of international companies.

Invests in diversified portfolio of liquid CZK denominated fixed-income instruments of prime debtors with average interest duration of maximal 12 months.

* The fund is denominated in Czech crowns and hedged against currency risk.