On June 12, 2013, the ING [profile] Global Target Payment Fund’s shareholders approved the amended fee structure which became effective on June 12, 2013. Under the amended fee structure, the fund will pay an advisory fee equal to 0.08% of the fund’s average daily net assets invested in underlying funds in the ING Fund Complex, and 0.30% of the fund’s average daily net assets invested in direct investments, which include, but are not limited to a security issued by an investment company that is not a part of the ING Fund Complex, including exchange-traded funds, a security issued by a non-mutual fund issuer, such as an operating company, and derivative instruments other than call options written by the fund’s sub-advisor. [SEC Filing].  

Edited by: KP


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