0001193125-13-259913.txt : 20130617 0001193125-13-259913.hdr.sgml : 20130617 20130614180143 ACCESSION NUMBER: 0001193125-13-259913 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130617 DATE AS OF CHANGE: 20130614 EFFECTIVENESS DATE: 20130617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ING EQUITY TRUST CENTRAL INDEX KEY: 0001063946 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-56881 FILM NUMBER: 13915302 BUSINESS ADDRESS: STREET 1: ING FUNDS STREET 2: 7337 E. DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 800-992-0180 MAIL ADDRESS: STREET 1: ING FUNDS STREET 2: 7337 E. DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM EQUITY TRUST DATE OF NAME CHANGE: 19991029 FORMER COMPANY: FORMER CONFORMED NAME: NORTHSTAR EQUITY TRUST DATE OF NAME CHANGE: 19980612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ING EQUITY TRUST CENTRAL INDEX KEY: 0001063946 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08817 FILM NUMBER: 13915303 BUSINESS ADDRESS: STREET 1: ING FUNDS STREET 2: 7337 E. DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 800-992-0180 MAIL ADDRESS: STREET 1: ING FUNDS STREET 2: 7337 E. DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM EQUITY TRUST DATE OF NAME CHANGE: 19991029 FORMER COMPANY: FORMER CONFORMED NAME: NORTHSTAR EQUITY TRUST DATE OF NAME CHANGE: 19980612 0001063946 S000008382 ING SmallCap Opportunities Fund C000122000 Class R6 ISOZX 0001063946 S000008385 ING MidCap Opportunities Fund C000122001 Class R6 IMOZX 0001063946 S000019684 ING Large Cap Value Fund C000122002 Class R6 IEDZX 485BPOS 1 d549267d485bpos.htm ING EQUITY TRUST ING Equity Trust

As filed with the Securities and Exchange Commission on June 17, 2013

Securities Act File No. 333-56881

Investment Company Act File No. 811-8817

 

 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-1A

 

     Registration Statement Under The Securities Act Of 1933  

x

 
     Pre-Effective Amendment No.  

¨

 
     Post-Effective Amendment No. 127  

x

 
     and/or    
     Registration Statement Under The Investment Company Act Of 1940  

x

 
     Amendment No. 134
(Check appropriate box or boxes)
 

x

 

ING EQUITY TRUST

(Exact Name of Registrant Specified in Charter)

7337 E. Doubletree Ranch Road, Suite 100

Scottsdale, AZ 85258

(Address of Principal Executive Offices)

Registrant’s Telephone Number, Including Area Code: (800) 992-0180

 

Huey P. Falgout, Jr.

ING Investments, LLC

7337 E. Doubletree Ranch Road, Suite 100

Scottsdale, AZ 85258

(Name and Address of Agent for Service)

 

With copies to:

Jeffrey S. Puretz, Esq.

Dechert, LLP

1900 K Street, N.W.

Washington, DC 20006

 

 

It is proposed that this filing will become effective (check appropriate box):

 

x

  

Immediately upon filing pursuant to paragraph (b)

 

¨

  

on (date) pursuant to paragraph (b)

¨

  

60 days after filing pursuant to paragraph (a)(1)

 

¨

  

on (date) pursuant to paragraph (a)(1)

¨

  

75 days after filing pursuant to paragraph (a)(2)

 

¨

  

on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:     
¨   

This post-effective amendment designated a new effective date for a previously filed post-effective amendment.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the “1933 Act”), and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements for effectiveness of this Post-Effective Amendment No. 127 to its Registration Statement on Form N-1A pursuant to Rule 485(b) under the 1933 Act and has duly caused this Post-Effective Amendment No. 127 to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Scottsdale and State of Arizona on the 17th day of June, 2013.

 

  ING EQUITY TRUST

By:    

 

/s/ Huey P. Falgout, Jr.

 

Huey P. Falgout, Jr.

 

Secretary

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

 

SIGNATURE         TITLE   DATE     

 

Shaun P. Mathews*

     President, Chief Executive
Officer and Interested Director
  June 17, 2013     

 

Todd Modic*

    

Senior Vice President and

Chief/Principal Financial Officer

  June 17, 2013     

 

Colleen D. Baldwin*

    

Director

  June 17, 2013     

 

John V. Boyer*

    

Director

  June 17, 2013     

 

Patricia Chadwick*

    

Director

  June 17, 2013     

 

Albert E. DePrince Jr.*

    

Director

  June 17, 2013     

 

Peter S. Drotch*

    

Director

  June 17, 2013     

 

J. Michael Earley*

    

Director

  June 17, 2013     

 

Martin J. Gavin*

    

Director

  June 17, 2013     

 

Russell H. Jones*

    

Director

  June 17, 2013     

 

Patrick W. Kenny*

    

Director

  June 17, 2013     

 

Joseph E. Obermeyer*

    

Director

  June 17, 2013     

 


 

Sheryl K. Pressler*

    

Director

  June 17, 2013     

 

Roger B. Vincent*

    

Director

  June 17, 2013     

*By: /s/ Huey P. Falgout, Jr.

        

              Huey P. Falgout, Jr.

              Attorney-in-Fact**

        

 

**

Powers of attorney for Todd Modic and each Director dated May 22, 2013 were filed as an attachment to Post-Effective Amendment No. 126 to the Registrant’s Form N-1A Registration Statement on May 31, 2013 and incorporated herein by reference.


EXHIBIT INDEX

 

Exhibit Number

 

        

Exhibit Description

 

EX-101.INS

 

       

XBRL Instance Document

 

EX-101.SCH

 

       

XBRL Taxonomy Extension Schema Document

 

EX-101.CAL

 

       

XBRL Taxonomy Extension Calculation Linkbase

 

EX-101.DEF

 

       

XBRL Taxonomy Extension Definition Linkbase

 

EX-101.LAB

 

       

XBRL Taxonomy Extension Labels Linkbase

 

EX-101.PRE

 

       

XBRL Taxonomy Extension Presentation Linkbase

 

EX-101.INS 2 inget-20130531.xml XBRL INSTANCE DOCUMENT 0001063946 inget:S000019684Member 2012-06-01 2013-05-31 0001063946 2012-06-01 2013-05-31 0001063946 inget:S000019684Member inget:C000122002Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member 2012-06-01 2013-05-31 0001063946 inget:S000019684Member inget:C000055103Member 2012-06-01 2013-05-31 0001063946 inget:S000019684Member rr:AfterTaxesOnDistributionsMember inget:C000055103Member 2012-06-01 2013-05-31 0001063946 inget:S000019684Member inget:RussellTenHundredValueIndexMember 2012-06-01 2013-05-31 0001063946 inget:S000019684Member rr:AfterTaxesOnDistributionsAndSalesMember inget:C000055103Member 2012-06-01 2013-05-31 0001063946 inget:S000008382Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member inget:C000122001Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member inget:C000022966Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member rr:AfterTaxesOnDistributionsMember inget:C000022966Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member rr:AfterTaxesOnDistributionsAndSalesMember inget:C000022966Member 2012-06-01 2013-05-31 0001063946 inget:S000008385Member inget:RussellMidcapGrowthIndexMember 2012-06-01 2013-05-31 0001063946 inget:S000008385Member inget:RussellMidcapIndexMember 2012-06-01 2013-05-31 0001063946 inget:S000008382Member inget:C000022952Member 2012-06-01 2013-05-31 0001063946 inget:S000008382Member inget:C000122000Member 2012-06-01 2013-05-31 0001063946 inget:S000008382Member rr:AfterTaxesOnDistributionsMember inget:C000022952Member 2012-06-01 2013-05-31 0001063946 inget:S000008382Member rr:AfterTaxesOnDistributionsAndSalesMember inget:C000022952Member 2012-06-01 2013-05-31 0001063946 inget:S000008382Member inget:RussellTwentyHundredGrowthIndexMember 2012-06-01 2013-05-31 0001063946 inget:S000008382Member inget:RussellTwentyHundredIndexMember 2012-06-01 2013-05-31 pure iso4217:USD <div style="display:none">~ http://www.INGFunds.com/role/ScheduleAnnualFundOperatingExpensesINGLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.INGFunds.com/role/ScheduleExpenseExampleTransposedINGLargeCapValueFund column period compact * ~</div> 2013-05-31 485BPOS ING EQUITY TRUST 0001063946 2013-05-31 2013-05-31 false 2012-11-30 ING Large Cap Value Fund (formerly, ING Equity Dividend Fund) <b>INVESTMENT OBJECTIVE</b> The Fund seeks long-term growth of capital and current income. <b>FEES AND EXPENSES OF THE FUND</b> These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. <b>Shareholder Fees<br />Fees paid directly from your investment</b> 0 0 <b>Annual Fund Operating Expenses<br />Expenses you pay each year as a % of the value of your investment</b> 0.0065 0 0.001 0.0008 0.0001 0.0084 -0.0005 0.0079 <b>Expense Example $</b> The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. <b>Portfolio Turnover % of average value of portfolio</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund&#8217;s performance.<br /><br />During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 84% of the average value of its portfolio. <b>ING MidCap Opportunities Fund</b> <b>INVESTMENT OBJECTIVE</b> The Fund seeks long-term capital appreciation. <b>FEES AND EXPENSES OF THE FUND</b> These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. <b>Shareholder Fees<br/>Fees paid directly from your investment</b> <b>PRINCIPAL INVESTMENT STRATEGIES</b> Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of dividend-paying, large-capitalization issuers. The Fund will provide shareholders with at least 60 days&#8217; prior notice of any change in this investment policy. Equity securities include common and preferred stocks, warrants, and convertible securities. The sub-adviser (&#8220;Sub-Adviser&#8221;) defines large-capitalization companies as companies with market capitalizations that fall within the collective range of companies within the Russell 1000&#174; Value Index (&#8220;Index&#8221;) at the time of purchase. The market capitalization range will change with market conditions as the market capitalization range of the companies in the Index changes. The market capitalization of companies in the Index as of June 29, 2012 ranged from $670.9 million to $400.1 billion. The Fund may invest in foreign securities, including companies located in countries with emerging securities markets, when the Sub-Adviser believes they present attractive investment opportunities.<br /><br />The Sub-Adviser seeks to construct a portfolio of securities with a dividend yield that exceeds the average dividend yield of the companies included in the Russell 1000&#174; Value Index. The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (&#8220;1940 Act&#8221;).<br /><br />The Sub-Adviser uses a valuation-based screening process to assist in the selection of companies according to criteria which include the following:<ul type="square"><li style="margin-left:10px">an above-average dividend yield, and stability and growth of the dividend;</li></ul><ul type="square"><li style="margin-left:10px">market capitalization that is usually above $1 billion (although the Fund may also invest up to 20% of its assets in small- and mid-capitalization companies); and</li></ul><ul type="square"><li style="margin-left:10px"> the potential for growth of the dividend yield over several years.</li></ul>The Sub-Adviser may from time to time select securities that do not meet all of these criteria. The Sub-Adviser then conducts intensive fundamental research on each company to evaluate its growth, profitability, and valuation characteristics.<br /><br />The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.<br /><br />The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets. <b>PRINCIPAL RISKS</b> You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.<br /><br /><b>Company </b>&nbsp;&nbsp;The price of a given company's stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.<br /><br /><b>Convertible Securities </b>&nbsp;&nbsp;Convertible securities are securities that are convertible into or exercisable for common stocks at a stated price or rate. Convertible securities are subject to the usual risks associated with debt securities, such as interest rate and credit risk. In addition, because convertible securities react to changes in the value of the stocks into which they convert, they are subject to market risk.<br /><br /><b>Credit </b>&nbsp;&nbsp;Prices of bonds and other debt instruments can fall if the issuer's actual or perceived financial health deteriorates, whether because of broad economic or issuer-specific reasons. In certain cases, the issuer could be late in paying interest or principal, or could fail to pay altogether.<br /><b>Currency </b>&nbsp;&nbsp;To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.<br /><br /><b>Dividend </b>&nbsp;&nbsp;Companies that issue dividend yielding equity securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.<br /><br /><b>Foreign Investments/Developing and Emerging Markets </b>Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region. Foreign investment risks may be greater in developing and emerging markets than in developed markets.<br /><b>Interest Rate </b>&nbsp;&nbsp;With bonds and other fixed rate debt instruments, a rise in interest rates generally causes values to fall; conversely, values generally rise as interest rates fall. The higher the credit quality of the instrument, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk. In the case of inverse securities, the interest rate generally will decrease when the market rate of interest to which the inverse security is indexed decreases. As of the date of this Prospectus, interest rates in the United States are at or near historic lows, which may increase the Fund's exposure to risks associated with rising interest rates.<br /><br /><b>Investment Model </b>&nbsp;&nbsp;The manager's proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.<br /><br /><b>Liquidity </b>&nbsp;&nbsp;If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund's manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund's liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.<br /><br /><b>Market </b>&nbsp;&nbsp;Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.<br /><br /><b>Market Capitalization </b>&nbsp;&nbsp;Stocks fall into three broad market capitalization categories - large, mid, and small. Investing primarily in one category carries the risk that, due to current market conditions, that category may be out of favor with investors. If valuations of large-capitalization companies appear to be greatly out of proportion to the valuations of mid- or small-capitalization companies, investors may migrate to the stocks of mid- and small-sized companies causing the Fund that invests in these companies to increase in value more rapidly than a fund that invests in larger, fully-valued companies. Investing in mid- and small-capitalization companies may be subject to special risks associated with narrower product lines, more limited financial resources, smaller management groups, and a more limited trading market for their stocks as compared with larger companies. As a result, stocks of mid- and small-capitalization companies may decline significantly in market downturns.<br /><br /><b>Other Investment Companies </b>&nbsp;&nbsp;The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.<br /><br /><b>Securities Lending </b>&nbsp;&nbsp;Securities lending involves two primary risks: "investment risk" and "borrower default risk." Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.<br /><br /><b>Value Investing </b>&nbsp;&nbsp;Securities that appear to be undervalued may never appreciate to the extent expected. Further, because the prices of value-oriented securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions, such as changes in interest rates, corporate earnings and industrial production.<br /><br />An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. <b>PERFORMANCE INFORMATION</b> <b>Annual Fund Operating Expenses<br/>Expenses you pay each year as a % of the value of your investment</b> The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. The Fund&#8217;s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180. <b>Calendar Year Total Returns Class A<br />(as of December 31 of each year)</b> Best quarter: 3rd 2009, 18.23% and Worst quarter: 4th 2008, (16.78)%<br />The Fund&#8217;s Clas A shares&#8217; year-to-date total return as of March 31, 2013: 10.13% <b><b>Average Annual Total Returns%<br />(for the periods ended December 31, 2012)</b> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. <b>Expense Example $</b> The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 81 <b>Portfolio Turnover % of average value of portfolio</b> 263 461 1033 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund&#8217;s performance.<br/><br/>During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 89% of the average value of its portfolio. <b>PRINCIPAL INVESTMENT STRATEGIES</b> 81 263 461 1033 Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of mid-sized U.S. companies. The Fund will provide shareholders with at least 60 days&#8217; prior notice of any change in this investment policy.<br/><br/>The Fund normally invests in companies that the sub-adviser (&#8220;Sub-Adviser&#8221;) believes have above average prospects for growth. For this Fund, mid-sized companies are those companies with market capitalizations that fall within the range of companies in the Russell Midcap<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index at the time of purchase. Capitalization of companies in the Russell Midcap<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index will change with market conditions. The market capitalization of companies in the Russell Midcap<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index as of June 29, 2012, ranged from $1.1 billion to $19.1 billion.<br/><br/>The Fund may also invest in derivative instruments including futures or index futures that have a similar profile to the benchmark of the Fund. The Fund typically uses derivatives for the purpose of maintaining equity market exposure on its cash balance. The Fund may also invest in foreign securities.<br/><br/>The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (&#8220;1940 Act&#8221;).<br/><br/>In managing the Fund, the Sub-Adviser uses a stock selection process that combines the discipline of quantitative screens with rigorous fundamental security analysis. The quantitative screens focus the fundamental analysis by identifying the stocks of companies with strong business momentum that demonstrate relative price strength, and have a perceived value not reflected in the current price. The objective of the fundamental analysis is to confirm the persistence of the company&#8217;s revenue and earnings growth and validate the Sub-Adviser&#8217;s expectations for earnings estimate revisions, particularly relative to consensus. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.<br/><br/> The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.<br/><br/>The Fund may lend portfolio securities on a short-term or long-term basis, up to 33<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">1</sup> /<sub style="POSITION: relative; BOTTOM: -0.3em; FONT-SIZE: 75%; VERTICAL-ALIGN: baseline"> 3</sub> % of its total assets. <b>PRINCIPAL RISKS</b> -0.29 0.2381 0.1994 0.0289 0.1412 0.0758 0.0664 0.1751 0.0573 These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. The Fund seeks capital appreciation. <b>ING SmallCap Opportunities Fund</b> <b>INVESTMENT OBJECTIVE</b> <b>FEES AND EXPENSES OF THE FUND</b> 0.0314 0.0165 0.0174 0.0059 <b>Shareholder Fees<br/>Fees paid directly from your investment </b> <b>Annual Fund Operating Expenses<br/>Expenses you pay each year as a % of the value of your investment </b> 2007-12-18 <b>Expense Example $</b> The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. <b>Portfolio Turnover % of average value of portfolio</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund&#8217;s performance.<br/><br/>During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 72% of the average value of its portfolio. <b>PRINCIPAL INVESTMENT STRATEGIES</b> You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.<br/><br/><b>Company</b>&nbsp;&nbsp;&nbsp;The price of a given company&#8217;s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.<br/><br/><b>Currency</b>&nbsp;&nbsp;&nbsp;To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.<br/><b>Derivative Instruments</b>&nbsp;&nbsp;&nbsp;Derivative instruments are subject to a number of risks, including the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty, risk of loss due to changes in interest rates and liquidity risk. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and reduce its returns. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the currency, security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to the risk of improper valuation.<br/><b>Foreign Investments</b>&nbsp;&nbsp;&nbsp;Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region.<br/><br/><b>Investment Model</b>&nbsp;&nbsp;&nbsp;The manager&#8217;s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.<br/><br/><b>Liquidity</b>&nbsp;&nbsp;&nbsp;If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund&#8217;s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund&#8217;s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.<br/><br/><b>Market</b>&nbsp;&nbsp;&nbsp;Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.<br/><br/><b>Mid-Capitalization Company</b>&nbsp;&nbsp;&nbsp;Investments in mid-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of smaller size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. Consequently, the securities of smaller companies may have limited market stability and may be subject to more abrupt or erratic market movements than securities of larger, more established growth companies or the market averages in general.<br/><br/><b>Other Investment Companies</b>&nbsp;&nbsp;&nbsp;The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.<br/><br/><b>Securities Lending</b>&nbsp;&nbsp;&nbsp;Securities lending involves two primary risks: &#8220;investment risk&#8221; and &#8220;borrower default risk.&#8221; Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.<br/><br/>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. <b>PERFORMANCE INFORMATION</b> Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of smaller, lesser-known U.S. companies. The Fund will provide shareholders with at least 60 days&#8217; prior notice of any change in this investment policy.<br /><br />The Fund normally invests in companies that the sub-adviser (&#8220;Sub-Adviser&#8221;) believes have above average prospects for growth. For this Fund, smaller companies are those with market capitalizations that fall within the range of companies in the Russell 2000<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index at the time of purchase. The Russell 2000<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index is an index that measures the performance of small growth companies. Capitalization of companies in the Russell 2000<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index will change with market conditions. The market capitalization of companies in the Russell 2000<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">&#174;</sup> Growth Index as of June 29, 2012, ranged from $53.3 million to $3.8 billion.<br /><br />The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (&#8220;1940 Act&#8221;).<br /><br />The Sub-Adviser uses a disciplined combination of quantitative screens and bottom-up fundamental security analysis to build a broadly diversified portfolio of companies that the Sub-Adviser believes will have improving bottom lines with reasonable valuation, and whose stocks demonstrate relative strength. The focus of company analysis is upon the prospects for continuing bottom-line growth, balance sheet strength, and cash flow characteristics. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.<br /><br />The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.<br/><br/> The Fund may lend portfolio securities on a short-term or long-term basis, up to 33<sup style="POSITION: relative; BOTTOM: 0.7em; FONT-SIZE: 80%; VERTICAL-ALIGN: baseline">1</sup> /<sub style="POSITION: relative; BOTTOM: -0.3em; FONT-SIZE: 75%; VERTICAL-ALIGN: baseline"> 3</sub> % of its total assets. The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. The Fund&#8217;s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180. <b>PRINCIPAL RISKS</b> <b>Calendar Year Total Returns Class A<br/>(as of December 31 of each year)</b> Best quarter: 2nd, 2003, 17.67% and Worst quarter: 4th, 2008, (23.42)%<br/><br/>The Fund&#8217;s Class A shares&#8217; year-to-date total return as of March 31, 2013: 10.62% <b>Average Annual Total Returns%<br/>(for the periods ended December 31, 2012)</b> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.<br /><br /><b>Company</b>&nbsp;&nbsp;&nbsp;The price of a given company&#8217;s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.<br /><br /><b>Investment Model</b>&nbsp;&nbsp;&nbsp;The manager&#8217;s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.<br /><br /><b>Liquidity</b>&nbsp;&nbsp;&nbsp;If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund&#8217;s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund&#8217;s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.<br /><br /><b>Market</b>&nbsp;&nbsp;&nbsp;Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.<br /><br /><b>Other Investment Companies</b>&nbsp;&nbsp;&nbsp;The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.<br /><br /><b>Securities Lending</b>&nbsp;&nbsp;&nbsp;Securities lending involves two primary risks: &#8220;investment risk&#8221; and &#8220;borrower default risk.&#8221; Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.<br /><br /><b>Small-Capitalization Company</b>&nbsp;&nbsp;&nbsp;Investments in small-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of small size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. The securities of smaller companies are often traded over-the-counter and may not be traded in volume typical on a national securities exchange.<br /><br />An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. <b>PERFORMANCE INFORMATION</b> The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. The Fund&#8217;s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180. 0 0 0.0075 0 0.001 0.0008 Best quarter: 2nd, 2009, 23.05% and Worst quarter: 4th, 2008, (25.37)%<br/><br/>The Fund&#8217;s Class A shares&#8217; year-to-date total return as of March 31, 2013: 12.24% 0.0093 October 1, 2014 <b>Average Annual Total Returns%<br/>(for the periods ended December 31, 2012)</b> -0.0005 <b>Calendar Year Total Returns Class A<br/>(as of December 31 of each year)</b> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. 0.0088 0.84 Total Annual Fund Operating Expenses may be higher than the Fund&#8217;s ratio of expenses to average net assets shown in the Fund&#8217;s Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. You could lose money on an investment in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. 1-800-992-0180 www.INGFunds.com/literature The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The index returns do not reflect deductions for fees, expenses, or taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. Other Expenses are based on estimated amounts for the current fiscal year. October 1, 2014 Other Expenses are based on estimated amounts for the current fiscal year. Total Annual Fund Operating Expenses may be higher than the Fund&#8217;s ratio of expenses to average net assets shown in the Fund&#8217;s Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. 90 291 Best quarter: 510 You could lose money on an investment in the Fund. 1138 2009-09-30 0.1823 Worst quarter: 2008-12-31 -0.1678 An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. 90 291 510 year-to-date total return 1138 1-800-992-0180 2013-03-31 0.1013 The Examples reflect applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. www.INGFunds.com/literature 0.3785 0.105 The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. 0.1018 0.0753 0.2532 -0.3802 0.4099 0.2997 -0.0088 0.1356 Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012 0.0701 0.0659 0.0512 0.1581 0.1728 The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. 0.0379 0.0357 0.0323 0.0323 0.0357 0.1065 0.1032 0.093 0.1012 0.1054 the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. 1998-08-20 Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012 The index returns do not reflect deductions for fees, expenses, or taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. year-to-date total return 2013-03-31 0.1224 Best quarter: 2009-06-30 0.2305 Worst quarter: 2008-12-31 -0.2537 <div style="display:none">~ http://www.ingfunds.com/role/ScheduleShareholderFeesTransposedINGLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.INGFunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedINGLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.INGFunds.com/role/ScheduleAnnualTotalReturnsINGLargeCapValueFundBarChart column period compact * ~</div> 0 0 0.009 0 0.001 0.0012 0.0001 0.0113 -0.0007 0.0106 108 352 616 1368 108 352 616 1368 0.396 0.0957 0.0838 0.1233 0.0932 -0.3475 0.31 0.3322 0.0026 0.1481 0.0313 0.017 0.0178 0.0059 Other Expenses are based on estimated amounts for the current fiscal year. October 1, 2014 0.89 year-to-date total return 2013-03-31 0.1062 Best quarter: <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedINGLargeCapValueFund column period compact * ~</div> 2003-06-30 0.1767 0.0819 0.0792 0.0567 0.1459 0.1635 0.0432 0.0426 0.0371 0.0349 0.0356 0.0966 0.0962 0.0862 0.098 0.0972 1995-06-05 Worst quarter: 2008-12-31 -0.2342 You could lose money on an investment in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. the following bar chart shows the changes in the Fund&#8217;s Class A shares&#8217; performance from year to year, and the table compares the Fund&#8217;s Class A shares&#8217; performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012 The bar chart shows the performance of the Fund&#8217;s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund&#8217;s past performance (before and after taxes) is no guarantee of future results. www.INGFunds.com/literature 1-800-992-0180 The index returns do not reflect deductions for fees, expenses, or taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. <div style="display:none">~ http://www.ingfunds.com/role/ScheduleShareholderFeesTransposedINGSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAnnualFundOperatingExpensesINGSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleShareholderFeesTransposedINGMidCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleExpenseExampleTransposedINGSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAnnualFundOperatingExpensesINGMidCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedINGSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAnnualTotalReturnsINGSmallCapOpportunitiesFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedINGSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedINGMidCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleExpenseExampleTransposedINGMidCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAnnualTotalReturnsINGMidCapOpportunitiesFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.ingfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedINGMidCapOpportunitiesFund column period compact * ~</div> 0.72 Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares&#8217; performance would be higher than Class A shares&#8217; performance because of the higher expenses paid by Class A shares. Other Expenses are based on estimated amounts for the current fiscal year. Total Annual Fund Operating Expenses may be higher than the Fund's ratio of expenses to average net assets shown in the Fund's Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. The adviser is contractually obligated to limit expenses to 0.78% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. The index returns do not reflect deductions for fees, expenses, or taxes. Reflects index performance since the date closest to the Class' inception for which data is available. The adviser is contractually obligated to limit expenses to 1.05% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. The adviser is contractually obligated to limit expenses to 0.88% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName ING EQUITY TRUST
Prospectus Date rr_ProspectusDate May 31, 2013
ING MidCap Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ING MidCap Opportunities Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees
Fees paid directly from your investment
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination October 1, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover % of average value of portfolio
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 89% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 89.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example $
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock The Examples reflect applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of mid-sized U.S. companies. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund normally invests in companies that the sub-adviser (“Sub-Adviser”) believes have above average prospects for growth. For this Fund, mid-sized companies are those companies with market capitalizations that fall within the range of companies in the Russell Midcap® Growth Index at the time of purchase. Capitalization of companies in the Russell Midcap® Growth Index will change with market conditions. The market capitalization of companies in the Russell Midcap® Growth Index as of June 29, 2012, ranged from $1.1 billion to $19.1 billion.

The Fund may also invest in derivative instruments including futures or index futures that have a similar profile to the benchmark of the Fund. The Fund typically uses derivatives for the purpose of maintaining equity market exposure on its cash balance. The Fund may also invest in foreign securities.

The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

In managing the Fund, the Sub-Adviser uses a stock selection process that combines the discipline of quantitative screens with rigorous fundamental security analysis. The quantitative screens focus the fundamental analysis by identifying the stocks of companies with strong business momentum that demonstrate relative price strength, and have a perceived value not reflected in the current price. The objective of the fundamental analysis is to confirm the persistence of the company’s revenue and earnings growth and validate the Sub-Adviser’s expectations for earnings estimate revisions, particularly relative to consensus. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company’s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Currency   To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.
Derivative Instruments   Derivative instruments are subject to a number of risks, including the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty, risk of loss due to changes in interest rates and liquidity risk. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and reduce its returns. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the currency, security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to the risk of improper valuation.
Foreign Investments   Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region.

Investment Model   The manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund’s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Mid-Capitalization Company   Investments in mid-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of smaller size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. Consequently, the securities of smaller companies may have limited market stability and may be subject to more abrupt or erratic market movements than securities of larger, more established growth companies or the market averages in general.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: “investment risk” and “borrower default risk.” Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money on an investment in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-992-0180
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.INGFunds.com/literature
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is no guarantee of future results.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best quarter: 2nd, 2003, 17.67% and Worst quarter: 4th, 2008, (23.42)%

The Fund’s Class A shares’ year-to-date total return as of March 31, 2013: 10.62%
Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns%
(for the periods ended December 31, 2012)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes The index returns do not reflect deductions for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
ING MidCap Opportunities Fund | Class R6
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) as a % of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge as a % of purchase or sales price, whichever is less rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.75%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Administrative Services Fee rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.08% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.93%
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 0.88%
1 Yr rr_ExpenseExampleYear01 90
3 Yrs rr_ExpenseExampleYear03 291
5 Yrs rr_ExpenseExampleYear05 510
10 Yrs rr_ExpenseExampleYear10 1,138
1 Yr rr_ExpenseExampleNoRedemptionYear01 90
3 Yrs rr_ExpenseExampleNoRedemptionYear03 291
5 Yrs rr_ExpenseExampleNoRedemptionYear05 510
10 Yrs rr_ExpenseExampleNoRedemptionYear10 1,138
ING MidCap Opportunities Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
2003 rr_AnnualReturn2003 37.85%
2004 rr_AnnualReturn2004 10.50%
2005 rr_AnnualReturn2005 10.18%
2006 rr_AnnualReturn2006 7.53%
2007 rr_AnnualReturn2007 25.32%
2008 rr_AnnualReturn2008 (38.02%)
2009 rr_AnnualReturn2009 40.99%
2010 rr_AnnualReturn2010 29.97%
2011 rr_AnnualReturn2011 (0.88%)
2012 rr_AnnualReturn2012 13.56%
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.62%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.67%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.42%)
1 Yr rr_AverageAnnualReturnYear01 7.01%
5 Yrs rr_AverageAnnualReturnYear05 3.79%
10 Yrs rr_AverageAnnualReturnYear10 10.54%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 20, 1998
ING MidCap Opportunities Fund | After tax on distributions | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 6.59%
5 Yrs rr_AverageAnnualReturnYear05 3.57%
10 Yrs rr_AverageAnnualReturnYear10 10.12%
ING MidCap Opportunities Fund | After tax on distributions with sale | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 5.12%
5 Yrs rr_AverageAnnualReturnYear05 3.23%
10 Yrs rr_AverageAnnualReturnYear10 9.30%
ING MidCap Opportunities Fund | Russell Midcap® Growth Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 15.81% [3]
5 Yrs rr_AverageAnnualReturnYear05 3.23% [3]
10 Yrs rr_AverageAnnualReturnYear10 10.32% [3]
ING MidCap Opportunities Fund | Russell Midcap® Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 17.28% [3]
5 Yrs rr_AverageAnnualReturnYear05 3.57% [3]
10 Yrs rr_AverageAnnualReturnYear10 10.65% [3]
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] The adviser is contractually obligated to limit expenses to 0.88% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
[3] The index returns do not reflect deductions for fees, expenses, or taxes.
XML 9 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
ING MidCap Opportunities Fund
ING MidCap Opportunities Fund
INVESTMENT OBJECTIVE
The Fund seeks long-term capital appreciation.
FEES AND EXPENSES OF THE FUND
These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees
Fees paid directly from your investment
Shareholder Fees
Maximum sales charge (load) as a % of offering price
Maximum deferred sales charge as a % of purchase or sales price, whichever is less
ING MidCap Opportunities Fund Class R6
none none
Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Annual Fund Operating Expenses
ING MidCap Opportunities Fund
Class R6
Management Fee 0.75%
Distribution and/or Shareholder Services (12b-1) Fees none
Administrative Services Fee 0.10%
Other Expenses [1] 0.08%
Total Annual Fund Operating Expenses 0.93%
Waivers and Reimbursements [2] (0.05%)
Total Annual Fund Operating Expenses After Waivers and Reimbursements 0.88%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] The adviser is contractually obligated to limit expenses to 0.88% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
Expense Example $
The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING MidCap Opportunities Fund Class R6
90 291 510 1,138
Expense Example, No Redemption (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING MidCap Opportunities Fund Class R6
90 291 510 1,138
The Examples reflect applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Portfolio Turnover % of average value of portfolio
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 89% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of mid-sized U.S. companies. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund normally invests in companies that the sub-adviser (“Sub-Adviser”) believes have above average prospects for growth. For this Fund, mid-sized companies are those companies with market capitalizations that fall within the range of companies in the Russell Midcap® Growth Index at the time of purchase. Capitalization of companies in the Russell Midcap® Growth Index will change with market conditions. The market capitalization of companies in the Russell Midcap® Growth Index as of June 29, 2012, ranged from $1.1 billion to $19.1 billion.

The Fund may also invest in derivative instruments including futures or index futures that have a similar profile to the benchmark of the Fund. The Fund typically uses derivatives for the purpose of maintaining equity market exposure on its cash balance. The Fund may also invest in foreign securities.

The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

In managing the Fund, the Sub-Adviser uses a stock selection process that combines the discipline of quantitative screens with rigorous fundamental security analysis. The quantitative screens focus the fundamental analysis by identifying the stocks of companies with strong business momentum that demonstrate relative price strength, and have a perceived value not reflected in the current price. The objective of the fundamental analysis is to confirm the persistence of the company’s revenue and earnings growth and validate the Sub-Adviser’s expectations for earnings estimate revisions, particularly relative to consensus. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
PRINCIPAL RISKS
You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company’s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Currency   To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.
Derivative Instruments   Derivative instruments are subject to a number of risks, including the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty, risk of loss due to changes in interest rates and liquidity risk. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and reduce its returns. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the currency, security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to the risk of improper valuation.
Foreign Investments   Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region.

Investment Model   The manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund’s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Mid-Capitalization Company   Investments in mid-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of smaller size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. Consequently, the securities of smaller companies may have limited market stability and may be subject to more abrupt or erratic market movements than securities of larger, more established growth companies or the market averages in general.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: “investment risk” and “borrower default risk.” Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
PERFORMANCE INFORMATION
The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart
Best quarter: 2nd, 2003, 17.67% and Worst quarter: 4th, 2008, (23.42)%

The Fund’s Class A shares’ year-to-date total return as of March 31, 2013: 10.62%
Average Annual Total Returns%
(for the periods ended December 31, 2012)
Average Annual Total Returns ING MidCap Opportunities Fund
1 Yr
5 Yrs
10 Yrs
Inception Date
Class A
7.01% 3.79% 10.54% Aug. 20, 1998
Class A After tax on distributions
6.59% 3.57% 10.12%  
Class A After tax on distributions with sale
5.12% 3.23% 9.30%  
Russell Midcap® Growth Index
[1] 15.81% 3.23% 10.32%  
Russell Midcap® Index
[1] 17.28% 3.57% 10.65%  
[1] The index returns do not reflect deductions for fees, expenses, or taxes.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
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XML 11 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
ING SmallCap Opportunities Fund
ING SmallCap Opportunities Fund
INVESTMENT OBJECTIVE
The Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees
Fees paid directly from your investment
Shareholder Fees
Maximum sales charge (load) as a % of offering price
Maximum deferred sales charge as a % of purchase or sales price, whichever is less
ING SmallCap Opportunities Fund Class R6
none none
Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Annual Fund Operating Expenses
ING SmallCap Opportunities Fund
Class R6
Management Fee 0.90%
Distribution and/or Shareholder Services (12b-1) Fees none
Administrative Services Fee 0.10%
Other Expenses [1] 0.12%
Acquired Fund Fees and Expenses 0.01%
Total Annual Fund Operating Expenses [2] 1.13%
Waivers and Reimbursements [3] (0.07%)
Total Annual Fund Operating Expenses After Waivers and Reimbursements 1.06%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] Total Annual Fund Operating Expenses may be higher than the Fund's ratio of expenses to average net assets shown in the Fund's Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
[3] The adviser is contractually obligated to limit expenses to 1.05% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
Expense Example $
The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING SmallCap Opportunities Fund Class R6
108 352 616 1,368
Expense Example, No Redemption (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING SmallCap Opportunities Fund Class R6
108 352 616 1,368
The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Portfolio Turnover % of average value of portfolio
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 72% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of smaller, lesser-known U.S. companies. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund normally invests in companies that the sub-adviser (“Sub-Adviser”) believes have above average prospects for growth. For this Fund, smaller companies are those with market capitalizations that fall within the range of companies in the Russell 2000® Growth Index at the time of purchase. The Russell 2000® Growth Index is an index that measures the performance of small growth companies. Capitalization of companies in the Russell 2000® Growth Index will change with market conditions. The market capitalization of companies in the Russell 2000® Growth Index as of June 29, 2012, ranged from $53.3 million to $3.8 billion.

The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

The Sub-Adviser uses a disciplined combination of quantitative screens and bottom-up fundamental security analysis to build a broadly diversified portfolio of companies that the Sub-Adviser believes will have improving bottom lines with reasonable valuation, and whose stocks demonstrate relative strength. The focus of company analysis is upon the prospects for continuing bottom-line growth, balance sheet strength, and cash flow characteristics. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
PRINCIPAL RISKS
You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company’s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Investment Model   The manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund’s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: “investment risk” and “borrower default risk.” Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

Small-Capitalization Company   Investments in small-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of small size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. The securities of smaller companies are often traded over-the-counter and may not be traded in volume typical on a national securities exchange.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
PERFORMANCE INFORMATION
The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart
Best quarter: 2nd, 2009, 23.05% and Worst quarter: 4th, 2008, (25.37)%

The Fund’s Class A shares’ year-to-date total return as of March 31, 2013: 12.24%
Average Annual Total Returns%
(for the periods ended December 31, 2012)
Average Annual Total Returns ING SmallCap Opportunities Fund
1 Yr
5 Yrs
10 Yrs
Inception Date
Class A
8.19% 4.32% 9.66% Jun. 05, 1995
Class A After tax on distributions
7.92% 4.26% 9.62%  
Class A After tax on distributions with sale
5.67% 3.71% 8.62%  
Russell 2000® Growth Index
[1] 14.59% 3.49% 9.80%  
Russell 2000® Index
[1] 16.35% 3.56% 9.72%  
[1] The index returns do not reflect deductions for fees, expenses, or taxes.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
XML 12 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName ING EQUITY TRUST
Prospectus Date rr_ProspectusDate May 31, 2013
Document Creation Date dei_DocumentCreationDate May 31, 2013
XML 13 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName ING EQUITY TRUST
Prospectus Date rr_ProspectusDate May 31, 2013
ING SmallCap Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ING SmallCap Opportunities Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees
Fees paid directly from your investment
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination October 1, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover % of average value of portfolio
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 72% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 72.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based on estimated amounts for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Total Annual Fund Operating Expenses may be higher than the Fund’s ratio of expenses to average net assets shown in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example $
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of smaller, lesser-known U.S. companies. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund normally invests in companies that the sub-adviser (“Sub-Adviser”) believes have above average prospects for growth. For this Fund, smaller companies are those with market capitalizations that fall within the range of companies in the Russell 2000® Growth Index at the time of purchase. The Russell 2000® Growth Index is an index that measures the performance of small growth companies. Capitalization of companies in the Russell 2000® Growth Index will change with market conditions. The market capitalization of companies in the Russell 2000® Growth Index as of June 29, 2012, ranged from $53.3 million to $3.8 billion.

The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

The Sub-Adviser uses a disciplined combination of quantitative screens and bottom-up fundamental security analysis to build a broadly diversified portfolio of companies that the Sub-Adviser believes will have improving bottom lines with reasonable valuation, and whose stocks demonstrate relative strength. The focus of company analysis is upon the prospects for continuing bottom-line growth, balance sheet strength, and cash flow characteristics. A determination of reasonable valuation for individual securities is based on the judgment of the Sub-Adviser.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company’s stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Investment Model   The manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund’s liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. From time to time, the stock market may not favor the growth-oriented securities in which the Fund invests. Rather, the market could favor value-oriented securities or may not favor equities at all. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: “investment risk” and “borrower default risk.” Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

Small-Capitalization Company   Investments in small-capitalization companies may involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of small size, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. The securities of smaller companies are often traded over-the-counter and may not be traded in volume typical on a national securities exchange.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money on an investment in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-992-0180
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.INGFunds.com/literature
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is no guarantee of future results.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best quarter: 2nd, 2009, 23.05% and Worst quarter: 4th, 2008, (25.37)%

The Fund’s Class A shares’ year-to-date total return as of March 31, 2013: 12.24%
Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns%
(for the periods ended December 31, 2012)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes The index returns do not reflect deductions for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
ING SmallCap Opportunities Fund | Class R6
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) as a % of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge as a % of purchase or sales price, whichever is less rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.90%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Administrative Services Fee rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.12% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13% [2]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.07%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.06%
1 Yr rr_ExpenseExampleYear01 108
3 Yrs rr_ExpenseExampleYear03 352
5 Yrs rr_ExpenseExampleYear05 616
10 Yrs rr_ExpenseExampleYear10 1,368
1 Yr rr_ExpenseExampleNoRedemptionYear01 108
3 Yrs rr_ExpenseExampleNoRedemptionYear03 352
5 Yrs rr_ExpenseExampleNoRedemptionYear05 616
10 Yrs rr_ExpenseExampleNoRedemptionYear10 1,368
ING SmallCap Opportunities Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
2003 rr_AnnualReturn2003 39.60%
2004 rr_AnnualReturn2004 9.57%
2005 rr_AnnualReturn2005 8.38%
2006 rr_AnnualReturn2006 12.33%
2007 rr_AnnualReturn2007 9.32%
2008 rr_AnnualReturn2008 (34.75%)
2009 rr_AnnualReturn2009 31.00%
2010 rr_AnnualReturn2010 33.22%
2011 rr_AnnualReturn2011 0.26%
2012 rr_AnnualReturn2012 14.81%
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 12.24%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.05%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.37%)
1 Yr rr_AverageAnnualReturnYear01 8.19%
5 Yrs rr_AverageAnnualReturnYear05 4.32%
10 Yrs rr_AverageAnnualReturnYear10 9.66%
Inception Date rr_AverageAnnualReturnInceptionDate Jun. 05, 1995
ING SmallCap Opportunities Fund | After tax on distributions | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 7.92%
5 Yrs rr_AverageAnnualReturnYear05 4.26%
10 Yrs rr_AverageAnnualReturnYear10 9.62%
ING SmallCap Opportunities Fund | After tax on distributions with sale | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 5.67%
5 Yrs rr_AverageAnnualReturnYear05 3.71%
10 Yrs rr_AverageAnnualReturnYear10 8.62%
ING SmallCap Opportunities Fund | Russell 2000® Growth Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 14.59% [4]
5 Yrs rr_AverageAnnualReturnYear05 3.49% [4]
10 Yrs rr_AverageAnnualReturnYear10 9.80% [4]
ING SmallCap Opportunities Fund | Russell 2000® Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 16.35% [4]
5 Yrs rr_AverageAnnualReturnYear05 3.56% [4]
10 Yrs rr_AverageAnnualReturnYear10 9.72% [4]
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] Total Annual Fund Operating Expenses may be higher than the Fund's ratio of expenses to average net assets shown in the Fund's Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
[3] The adviser is contractually obligated to limit expenses to 1.05% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
[4] The index returns do not reflect deductions for fees, expenses, or taxes.
XML 14 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName ING EQUITY TRUST
Prospectus Date rr_ProspectusDate May 31, 2013
ING Large Cap Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ING Large Cap Value Fund (formerly, ING Equity Dividend Fund)
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term growth of capital and current income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees
Fees paid directly from your investment
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination October 1, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover % of average value of portfolio
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 84% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 84.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based on estimated amounts for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Total Annual Fund Operating Expenses may be higher than the Fund’s ratio of expenses to average net assets shown in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example $
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of dividend-paying, large-capitalization issuers. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy. Equity securities include common and preferred stocks, warrants, and convertible securities. The sub-adviser (“Sub-Adviser”) defines large-capitalization companies as companies with market capitalizations that fall within the collective range of companies within the Russell 1000® Value Index (“Index”) at the time of purchase. The market capitalization range will change with market conditions as the market capitalization range of the companies in the Index changes. The market capitalization of companies in the Index as of June 29, 2012 ranged from $670.9 million to $400.1 billion. The Fund may invest in foreign securities, including companies located in countries with emerging securities markets, when the Sub-Adviser believes they present attractive investment opportunities.

The Sub-Adviser seeks to construct a portfolio of securities with a dividend yield that exceeds the average dividend yield of the companies included in the Russell 1000® Value Index. The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

The Sub-Adviser uses a valuation-based screening process to assist in the selection of companies according to criteria which include the following:
  • an above-average dividend yield, and stability and growth of the dividend;
  • market capitalization that is usually above $1 billion (although the Fund may also invest up to 20% of its assets in small- and mid-capitalization companies); and
  • the potential for growth of the dividend yield over several years.
The Sub-Adviser may from time to time select securities that do not meet all of these criteria. The Sub-Adviser then conducts intensive fundamental research on each company to evaluate its growth, profitability, and valuation characteristics.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company's stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Convertible Securities   Convertible securities are securities that are convertible into or exercisable for common stocks at a stated price or rate. Convertible securities are subject to the usual risks associated with debt securities, such as interest rate and credit risk. In addition, because convertible securities react to changes in the value of the stocks into which they convert, they are subject to market risk.

Credit   Prices of bonds and other debt instruments can fall if the issuer's actual or perceived financial health deteriorates, whether because of broad economic or issuer-specific reasons. In certain cases, the issuer could be late in paying interest or principal, or could fail to pay altogether.
Currency   To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.

Dividend   Companies that issue dividend yielding equity securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

Foreign Investments/Developing and Emerging Markets Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region. Foreign investment risks may be greater in developing and emerging markets than in developed markets.
Interest Rate   With bonds and other fixed rate debt instruments, a rise in interest rates generally causes values to fall; conversely, values generally rise as interest rates fall. The higher the credit quality of the instrument, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk. In the case of inverse securities, the interest rate generally will decrease when the market rate of interest to which the inverse security is indexed decreases. As of the date of this Prospectus, interest rates in the United States are at or near historic lows, which may increase the Fund's exposure to risks associated with rising interest rates.

Investment Model   The manager's proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund's manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund's liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Market Capitalization   Stocks fall into three broad market capitalization categories - large, mid, and small. Investing primarily in one category carries the risk that, due to current market conditions, that category may be out of favor with investors. If valuations of large-capitalization companies appear to be greatly out of proportion to the valuations of mid- or small-capitalization companies, investors may migrate to the stocks of mid- and small-sized companies causing the Fund that invests in these companies to increase in value more rapidly than a fund that invests in larger, fully-valued companies. Investing in mid- and small-capitalization companies may be subject to special risks associated with narrower product lines, more limited financial resources, smaller management groups, and a more limited trading market for their stocks as compared with larger companies. As a result, stocks of mid- and small-capitalization companies may decline significantly in market downturns.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: "investment risk" and "borrower default risk." Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

Value Investing   Securities that appear to be undervalued may never appreciate to the extent expected. Further, because the prices of value-oriented securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions, such as changes in interest rates, corporate earnings and industrial production.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money on an investment in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-992-0180
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.INGFunds.com/literature
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is no guarantee of future results.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best quarter: 3rd 2009, 18.23% and Worst quarter: 4th 2008, (16.78)%
The Fund’s Clas A shares’ year-to-date total return as of March 31, 2013: 10.13%
Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns%
(for the periods ended December 31, 2012)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes The index returns do not reflect deductions for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.
ING Large Cap Value Fund | Class R6
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) as a % of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge as a % of purchase or sales price, whichever is less rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Administrative Services Fee rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.08% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84% [2]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 0.79%
1 Yr rr_ExpenseExampleYear01 81
3 Yrs rr_ExpenseExampleYear03 263
5 Yrs rr_ExpenseExampleYear05 461
10 Yrs rr_ExpenseExampleYear10 1,033
1 Yr rr_ExpenseExampleNoRedemptionYear01 81
3 Yrs rr_ExpenseExampleNoRedemptionYear03 263
5 Yrs rr_ExpenseExampleNoRedemptionYear05 461
10 Yrs rr_ExpenseExampleNoRedemptionYear10 1,033
ING Large Cap Value Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
2003 rr_AnnualReturn2003   
2004 rr_AnnualReturn2004   
2005 rr_AnnualReturn2005   
2006 rr_AnnualReturn2006   
2007 rr_AnnualReturn2007   
2008 rr_AnnualReturn2008 (29.00%)
2009 rr_AnnualReturn2009 23.81%
2010 rr_AnnualReturn2010 19.94%
2011 rr_AnnualReturn2011 2.89%
2012 rr_AnnualReturn2012 14.12%
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.13%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.23%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.78%)
1 Yr rr_AverageAnnualReturnYear01 7.58%
5 Yrs rr_AverageAnnualReturnYear05 3.14%
10 Yrs rr_AverageAnnualReturnYear10   
since inception rr_AverageAnnualReturnSinceInception 3.13%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 18, 2007
ING Large Cap Value Fund | After tax on distributions | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 6.64%
5 Yrs rr_AverageAnnualReturnYear05 1.65%
10 Yrs rr_AverageAnnualReturnYear10   
since inception rr_AverageAnnualReturnSinceInception 1.70%
ING Large Cap Value Fund | After tax on distributions with sale | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 5.73%
5 Yrs rr_AverageAnnualReturnYear05 1.74%
10 Yrs rr_AverageAnnualReturnYear10   
since inception rr_AverageAnnualReturnSinceInception 1.78%
ING Large Cap Value Fund | Russell 1000® Value Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Yr rr_AverageAnnualReturnYear01 17.51% [4]
5 Yrs rr_AverageAnnualReturnYear05 0.59% [4]
10 Yrs rr_AverageAnnualReturnYear10    [4]
since inception rr_AverageAnnualReturnSinceInception 0.59% [4],[5]
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] Total Annual Fund Operating Expenses may be higher than the Fund's ratio of expenses to average net assets shown in the Fund's Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
[3] The adviser is contractually obligated to limit expenses to 0.78% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
[4] The index returns do not reflect deductions for fees, expenses, or taxes.
[5] Reflects index performance since the date closest to the Class' inception for which data is available.
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ING Large Cap Value Fund
ING Large Cap Value Fund (formerly, ING Equity Dividend Fund)
INVESTMENT OBJECTIVE
The Fund seeks long-term growth of capital and current income.
FEES AND EXPENSES OF THE FUND
These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees
Fees paid directly from your investment
Shareholder Fees
Maximum sales charge (load) as a % of offering price
Maximum deferred sales charge as a % of purchase or sales price, whichever is less
ING Large Cap Value Fund Class R6
none none
Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Annual Fund Operating Expenses
ING Large Cap Value Fund
Class R6
Management Fee 0.65%
Distribution and/or Shareholder Services (12b-1) Fees none
Administrative Services Fee 0.10%
Other Expenses [1] 0.08%
Acquired Fund Fees and Expenses 0.01%
Total Annual Fund Operating Expenses [2] 0.84%
Waivers and Reimbursements [3] (0.05%)
Total Annual Fund Operating Expenses After Waivers and Reimbursements 0.79%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] Total Annual Fund Operating Expenses may be higher than the Fund's ratio of expenses to average net assets shown in the Fund's Financial Highlights, which reflect the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
[3] The adviser is contractually obligated to limit expenses to 0.78% through October 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Fund or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years.
Expense Example $
The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING Large Cap Value Fund Class R6
81 263 461 1,033
Expense Example, No Redemption (USD $)
1 Yr
3 Yrs
5 Yrs
10 Yrs
ING Large Cap Value Fund Class R6
81 263 461 1,033
The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods.
Portfolio Turnover % of average value of portfolio
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transactions costs and may mean higher taxes if you are investing in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Expense Example, affect the Fund’s performance.

During the most recent fiscal year, the Fund’s portfolio turnover rate was 84% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of dividend-paying, large-capitalization issuers. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy. Equity securities include common and preferred stocks, warrants, and convertible securities. The sub-adviser (“Sub-Adviser”) defines large-capitalization companies as companies with market capitalizations that fall within the collective range of companies within the Russell 1000® Value Index (“Index”) at the time of purchase. The market capitalization range will change with market conditions as the market capitalization range of the companies in the Index changes. The market capitalization of companies in the Index as of June 29, 2012 ranged from $670.9 million to $400.1 billion. The Fund may invest in foreign securities, including companies located in countries with emerging securities markets, when the Sub-Adviser believes they present attractive investment opportunities.

The Sub-Adviser seeks to construct a portfolio of securities with a dividend yield that exceeds the average dividend yield of the companies included in the Russell 1000® Value Index. The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (“1940 Act”).

The Sub-Adviser uses a valuation-based screening process to assist in the selection of companies according to criteria which include the following:
  • an above-average dividend yield, and stability and growth of the dividend;
  • market capitalization that is usually above $1 billion (although the Fund may also invest up to 20% of its assets in small- and mid-capitalization companies); and
  • the potential for growth of the dividend yield over several years.
The Sub-Adviser may from time to time select securities that do not meet all of these criteria. The Sub-Adviser then conducts intensive fundamental research on each company to evaluate its growth, profitability, and valuation characteristics.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.

The Fund may lend portfolio securities on a short-term or long-term basis, up to 331 / 3 % of its total assets.
PRINCIPAL RISKS
You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.

Company   The price of a given company's stock could decline or underperform for many reasons including, among others, poor management, financial problems, or business challenges. If a company declares bankruptcy or becomes insolvent, its stock could become worthless.

Convertible Securities   Convertible securities are securities that are convertible into or exercisable for common stocks at a stated price or rate. Convertible securities are subject to the usual risks associated with debt securities, such as interest rate and credit risk. In addition, because convertible securities react to changes in the value of the stocks into which they convert, they are subject to market risk.

Credit   Prices of bonds and other debt instruments can fall if the issuer's actual or perceived financial health deteriorates, whether because of broad economic or issuer-specific reasons. In certain cases, the issuer could be late in paying interest or principal, or could fail to pay altogether.
Currency   To the extent that the Fund invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.

Dividend   Companies that issue dividend yielding equity securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

Foreign Investments/Developing and Emerging Markets Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due to: smaller markets; differing reporting, accounting, and auditing standards; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; or political changes or diplomatic developments. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region. Foreign investment risks may be greater in developing and emerging markets than in developed markets.
Interest Rate   With bonds and other fixed rate debt instruments, a rise in interest rates generally causes values to fall; conversely, values generally rise as interest rates fall. The higher the credit quality of the instrument, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk. In the case of inverse securities, the interest rate generally will decrease when the market rate of interest to which the inverse security is indexed decreases. As of the date of this Prospectus, interest rates in the United States are at or near historic lows, which may increase the Fund's exposure to risks associated with rising interest rates.

Investment Model   The manager's proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.

Liquidity   If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund's manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund's liquidity. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, which could vary from the amount the Fund could realize upon disposition. The Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund.

Market   Stock prices may be volatile and are affected by the real or perceived impacts of such factors as economic conditions and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to Fund costs and impair the ability of the Fund to achieve its investment objectives.

Market Capitalization   Stocks fall into three broad market capitalization categories - large, mid, and small. Investing primarily in one category carries the risk that, due to current market conditions, that category may be out of favor with investors. If valuations of large-capitalization companies appear to be greatly out of proportion to the valuations of mid- or small-capitalization companies, investors may migrate to the stocks of mid- and small-sized companies causing the Fund that invests in these companies to increase in value more rapidly than a fund that invests in larger, fully-valued companies. Investing in mid- and small-capitalization companies may be subject to special risks associated with narrower product lines, more limited financial resources, smaller management groups, and a more limited trading market for their stocks as compared with larger companies. As a result, stocks of mid- and small-capitalization companies may decline significantly in market downturns.

Other Investment Companies   The main risk of investing in other investment companies, including exchange-traded funds, is the risk that the value of the securities underlying an investment company might decrease. Because the Fund may invest in other investment companies, you will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the expenses of the Fund.

Securities Lending   Securities lending involves two primary risks: "investment risk" and "borrower default risk." Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security in a timely manner.

Value Investing   Securities that appear to be undervalued may never appreciate to the extent expected. Further, because the prices of value-oriented securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions, such as changes in interest rates, corporate earnings and industrial production.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
PERFORMANCE INFORMATION
The following information is intended to help you understand the risks of investing in the Fund. Because Class R6 shares of the Fund had not commenced operations as of the calendar year ended December 31, 2012, the following bar chart shows the changes in the Fund’s Class A shares’ performance from year to year, and the table compares the Fund’s Class A shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class A shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class R6 shares’ performance would be higher than Class A shares’ performance because of the higher expenses paid by Class A shares. The Fund’s performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance would have been lower. The bar chart shows the performance of the Fund’s Class A shares, but does not reflect the impact of contingent deferred sales charges. If it did, returns would be lower than those shown. The Fund’s past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to www.INGFunds.com/literature or call 1-800-992-0180.
Calendar Year Total Returns Class A
(as of December 31 of each year)
Bar Chart
Best quarter: 3rd 2009, 18.23% and Worst quarter: 4th 2008, (16.78)%
The Fund’s Clas A shares’ year-to-date total return as of March 31, 2013: 10.13%
Average Annual Total Returns%
(for the periods ended December 31, 2012)
Average Annual Total Returns ING Large Cap Value Fund
1 Yr
5 Yrs
10 Yrs
since inception
Inception Date
Class A
7.58% 3.14%    3.13% Dec. 18, 2007
Class A After tax on distributions
6.64% 1.65%    1.70%  
Class A After tax on distributions with sale
5.73% 1.74%    1.78%  
Russell 1000® Value Index
[1] 17.51% 0.59%    0.59% [2]  
[1] The index returns do not reflect deductions for fees, expenses, or taxes.
[2] Reflects index performance since the date closest to the Class' inception for which data is available.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period.

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Document and Entity Information
12 Months Ended
May 31, 2013
Risk/Return:  
Document Type 485BPOS
Document Period End Date Nov. 30, 2012
Registrant Name ING EQUITY TRUST
Central Index Key 0001063946
Amendment Flag false
Document Creation Date May 31, 2013
Document Effective Date May 31, 2013
Prospectus Date May 31, 2013

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