Some ING portfolio managers subject to investment tracking rules

By Toni Weeks

San Diego, Feb. 22 - ING announced that some of its funds' portfolio managers may be required to defer a portion of their compensation into an account that tracks the performance of investment options chosen by the managers as part of their participation in ING's deferred compensation plan and other targeted compensation programs.

The requirement pertains to portfolio managers of the ING MidCap Opportunities Fund, the ING Floating Rate Fund, the ING Intermediate Bond Fund and the ING Core Equity Research Fund.

The deferral does not cause any purchase or sale of fund shares, but the net asset value of the applicable fund shares will be used as a measurement mechanism for determining the cash amount to be paid under applicable vesting provisions when the portfolio manager obtains his or her compensation.

Scottsdale, Ariz.-based ING Investments, LLC serves as investment adviser to the funds.

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