As filed with the Securities and Exchange Commission on June 17, 2013
Securities Act File No. 333-141111
Investment Company Act File No. 811-22025
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
Registration Statement Under The Securities Act Of 1933 |
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Pre-Effective Amendment No. |
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Post-Effective Amendment No. 34 |
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and/or |
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Registration Statement Under The Investment Company Act Of 1940 |
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Amendment No. 35 (Check appropriate box or boxes) |
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ING SEPARATE PORTFOLIOS TRUST
(Exact Name of Registrant Specified in Charter)
7337 E. Doubletree Ranch Road, Suite 100
Scottsdale, AZ 85258
(Address of Principal Executive Offices)
Registrants Telephone Number, Including Area Code: (800) 992-0180
Huey P. Falgout, Jr. |
With copies to: | |
ING Investments, LLC |
Jeffrey S. Puretz, Esq. | |
7337 E. Doubletree Ranch Road, Suite 100 |
Dechert, LLP | |
Scottsdale, AZ 85258 |
1900 K Street, N.W. | |
(Name and Address of Agent for Service) |
Washington, DC 20006 |
It is proposed that this filing will become effective (check appropriate box):
x |
Immediately upon filing pursuant to paragraph (b) |
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on (date) pursuant to paragraph (b) | |||
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60 days after filing pursuant to paragraph (a)(1) |
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on (date) pursuant to paragraph (a)(1) | |||
¨ | 75 days after filing pursuant to paragraph (a)(2) |
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on (date) pursuant to paragraph (a)(2) of Rule 485 | |||
If appropriate, check the following box: |
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¨ | 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. 34 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. 34 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 SEPARATE PORTFOLIOS TRUST | ||||
By: |
/s/ Huey P. Falgout, Jr. |
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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 | ||||||
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President, Chief Executive |
June 17, 2013 | ||||||
Shaun P. Mathews* |
Officer and Interested Director |
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Senior Vice President and |
June 17, 2013 | ||||||
Todd Modic* |
Chief/Principal Financial Officer |
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Director |
June 17, 2013 | ||||||
Colleen D. Baldwin* |
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Director |
June 17, 2013 | ||||||
John V. Boyer* |
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Director |
June 17, 2013 | ||||||
Patricia Chadwick* |
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Director |
June 17, 2013 | ||||||
Albert E. DePrince Jr.* |
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Director |
June 17, 2013 | ||||||
Peter S. Drotch* |
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Director |
June 17, 2013 | ||||||
J. Michael Earley* |
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Director |
June 17, 2013 | ||||||
Martin J. Gavin* |
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Director |
June 17, 2013 | ||||||
Russell H. Jones* |
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Director |
June 17, 2013 | ||||||
Patrick W. Kenny* |
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Director |
June 17, 2013 | ||||||
Joseph E. Obermeyer* |
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Director |
June 17, 2013 | ||||||
Sheryl K. Pressler* |
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Director |
June 17, 2013 | ||||||
Roger B. Vincent* |
*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. 32 to the Registrants Form N-1A Registration Statement on May 30, 2013 and incorporated herein by reference. |
EXHIBIT INDEX
Exhibit Number
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Exhibit Description
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EX-101.INS
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XBRL Instance Document
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EX-101.SCH
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XBRL Taxonomy Extension Schema Document
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EX-101.CAL
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XBRL Taxonomy Extension Calculation Linkbase
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EX-101.DEF
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XBRL Taxonomy Extension Definition Linkbase
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EX-101.LAB
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XBRL Taxonomy Extension Labels Linkbase
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EX-101.PRE
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XBRL Taxonomy Extension Presentation Linkbase
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Label | Element | Value |
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Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | ING Separate Portfolios Trust |
Prospectus Date | rr_ProspectusDate | May 31, 2013 |
Document Creation Date | dei_DocumentCreationDate | May 31, 2013 |
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Label | Element | Value | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
Registrant Name | dei_EntityRegistrantName | ING Separate Portfolios Trust | ||||||||||
Prospectus Date | rr_ProspectusDate | May 31, 2013 | ||||||||||
ING Investment Grade Credit Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | ING Investment Grade Credit Fund (formerly, ING SPorts Core Fixed Income Fund) | ||||||||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | ||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to maximize total return. Total return is a combination of income and 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 |
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Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses Expenses you pay each year as a % of the value of your investment |
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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 27% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 27.00% | ||||||||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Other Expenses are based on estimated amounts for the current fiscal year. | ||||||||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Expense ratios have been adjusted to reflect current contractual rates. | ||||||||||
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 investment-grade fixed-income securities. The Fund will provide shareholders with at least 60 days' prior notice of any change in this investment policy. Investment-grade fixed-income securities are securities rated at least BBB- by Standard & Poor's Ratings Services, Baa3 by Moody's Investors Service, Inc., BBB- by Fitch Ratings, or have an equivalent rating by a nationally recognized statistical rating organization, or are deemed by the Adviser to be of comparable quality if unrated. The Fund may concentrate its portfolio investments under certain circumstances. Generally, the Fund will not invest in a security if, after the investment, more than 25% of its total assets would be invested in any one industry or group of industries, provided that the Fund may invest between 25% and 35%of its total assets (or such other percentage to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder ("1940 Act")) in the securities of any one industry group or group of industries, if at the time of investment, that industry or group of industries represents 20% or more of the Fund's primary benchmark index. The Fund's primary benchmark index is the Barclays U.S. Corporate Index. As of April 30, 2013, the primary benchmark index was concentrated in the banking industry. The securities that the Fund may invest in include, but are not limited to, the following:
The Fund may also engage in dollar roll transactions, repurchase agreements and reverse repurchase agreements, options, futures and forward contracts involving securities, securities indices, foreign currencies, interest rates, and swap agreements, including credit default swaps. The Fund typically uses derivatives to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Fund. The Adviser believes that relationships between the drivers of fixed income returns change over time and that recognizing this is key to managing of fixed income assets. Therefore, the Adviser employs a dynamic investment process that balances top-down macro economic considerations and fundamental bottom-up analysis during the steps of its investment process - sector allocation, security selection, duration and yield curve management. This includes leveraging proprietary qualitative analysis along with quantitative tools throughout the portfolio construction process. The Fund may also 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 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. |
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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. Concentration As a result of the Fund "concentrating," as that term is defined in the 1940 Act, its assets in the securities of a particular industry or group of industries or single country or region, the Fund may be subject to greater market fluctuations than a fund that has securities representing a broader range of investment alternatives. If securities in which the Fund concentrates fall out of favor, the Fund could underperform funds that have greater diversification. 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. Credit Default Swaps The Fund may enter into credit default swaps, either as a buyer or a seller of the swap. As a buyer of the swap, the Fund pays a fee to protect against the risk that a security held by the Fund will default. As a seller of the swap, the Fund receives payment(s) in return for its obligation to pay the counterparty an agreed upon value of a security in the event of a default of the security issuer. Credit default swaps are particularly subject to counterparty, credit, correlation, valuation, liquidity and leveraging risks. Certain standardized swaps are subject to mandatory central clearing. Central clearing is expected to reduce counterparty credit risk and increase liquidity, but central clearing does not make swap transactions risk free. 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. 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. Mortgage- and/or Asset-Backed Securities Defaults on or the low credit quality or liquidity of the underlying assets of the asset-backed (including mortgage-backed) securities held by the Fund may impair the value of the securities. There may be limitations on the enforceability of any security interest granted with respect to those underlying assets. These securities also present a higher degree of prepayment and extension risk and interest rate risk than do other types of fixed-income securities. Municipal Obligations The municipal market in which the Fund invests is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. 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. Prepayment and Extension Prepayment risk is the risk that principal on mortgages or other loan obligations underlying a security may be repaid prior to the stated maturity date, which may reduce the market value of the security and the anticipated yield-to-maturity. Extension risk is the risk that an issuer will exercise its right to repay principal on an obligation held by the Fund later than expected, which may decrease the value of the obligation and prevent the Fund from investing expected repayment proceeds in securities paying yields higher than the yields paid by the securities that were expected to be repaid. 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. Sovereign Debt These securities are issued or guaranteed by foreign government entities. Investments in sovereign debt are subject to the risk that a government entity may delay payment, restructure its debt, or refuse to pay interest or repay principal on its sovereign debt. Some of these reasons may include cash flow problems, insufficient foreign currency reserves, political considerations, the relative size of its debt position to its economy or its failure to put in place economic reforms required by the International Monetary Fund or other multilateral agencies. If a government entity defaults, it may ask for more time in which to pay or for further loans. There is no legal process for collecting sovereign debts that a government does not pay or bankruptcy proceeding by which all or part of sovereign debt that a government entity has not repaid may be collected. U.S. Government Securities and Obligations U.S. government securities are obligations of, or guaranteed by, the U.S. government, its agencies or government-sponsored enterprises. U.S. government securities are subject to market and interest rate risk, and may be subject to varying degrees of credit risk. 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. |
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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 SMA shares’ performance from year to year, and the table compares the Fund’s Class SMA shares’ performance to the performance of a broad-based securities market index/indices for the same period. Class R6 shares and Class SMA shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. 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 SMA 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 SMA shares’ performance from year to year, and the table compares the Fund’s Class SMA 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 (as of December 31 of each year) |
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Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The bar chart shows the performance of the Fund’s Class SMA 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, 7.52% and Worst quarter: 3rd, 2008, (4.76)% The Fund's Class SMA shares' year-to-date total return as of March 31, 2013: (0.03)% |
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Bar Chart, Returns for Class Not Offered in Prospectus [Text] | rr_BarChartReturnsForClassNotOfferedInProspectus | Class R6 shares and Class SMA shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. | ||||||||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns% (for the periods ended December 31, 2012) |
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Performance Table Market Index Changed | rr_PerformanceTableMarketIndexChanged | On November 16, 2012, the Fund changed its primary benchmark index from the BoA/ML 1-10 Index to the Barclays U.S. Corporate Index because the Barclays U.S. Corporate Index is considered by the adviser to be a more appropriate benchmark index reflecting the types of securities in which the Fund now invests. | ||||||||||
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 Investment Grade Credit Fund | Class R6
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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 | 0.40% | [1] | |||||||||
Distribution and/or Shareholder Services (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||||
Administrative Services Fee | rr_Component1OtherExpensesOverAssets | 0.10% | [1] | |||||||||
Other Expenses | rr_OtherExpensesOverAssets | 1.16% | [2] | |||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.66% | ||||||||||
1 Yr | rr_ExpenseExampleYear01 | 169 | ||||||||||
3 Yrs | rr_ExpenseExampleYear03 | 523 | ||||||||||
5 Yrs | rr_ExpenseExampleYear05 | 902 | ||||||||||
10 Yrs | rr_ExpenseExampleYear10 | 1,965 | ||||||||||
1 Yr | rr_ExpenseExampleNoRedemptionYear01 | 169 | ||||||||||
3 Yrs | rr_ExpenseExampleNoRedemptionYear03 | 523 | ||||||||||
5 Yrs | rr_ExpenseExampleNoRedemptionYear05 | 902 | ||||||||||
10 Yrs | rr_ExpenseExampleNoRedemptionYear10 | 1,965 | ||||||||||
ING Investment Grade Credit Fund | Class SMA
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
2003 | rr_AnnualReturn2003 | |||||||||||
2004 | rr_AnnualReturn2004 | |||||||||||
2005 | rr_AnnualReturn2005 | |||||||||||
2006 | rr_AnnualReturn2006 | |||||||||||
2007 | rr_AnnualReturn2007 | |||||||||||
2008 | rr_AnnualReturn2008 | (2.06%) | ||||||||||
2009 | rr_AnnualReturn2009 | 17.46% | ||||||||||
2010 | rr_AnnualReturn2010 | 7.11% | ||||||||||
2011 | rr_AnnualReturn2011 | 5.54% | ||||||||||
2012 | rr_AnnualReturn2012 | 8.13% | ||||||||||
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 | (0.03%) | ||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best quarter: | ||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | ||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 7.52% | ||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst quarter: | ||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2008 | ||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (4.76%) | ||||||||||
1 Yr | rr_AverageAnnualReturnYear01 | 8.13% | ||||||||||
5 Yrs | rr_AverageAnnualReturnYear05 | 7.05% | ||||||||||
10 Yrs | rr_AverageAnnualReturnYear10 | |||||||||||
since inception | rr_AverageAnnualReturnSinceInception | 7.54% | ||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Jun. 08, 2007 | ||||||||||
ING Investment Grade Credit Fund | After tax on distributions | Class SMA
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Yr | rr_AverageAnnualReturnYear01 | 6.80% | ||||||||||
5 Yrs | rr_AverageAnnualReturnYear05 | 5.00% | ||||||||||
10 Yrs | rr_AverageAnnualReturnYear10 | |||||||||||
since inception | rr_AverageAnnualReturnSinceInception | 5.49% | ||||||||||
ING Investment Grade Credit Fund | After tax on distributions with sale | Class SMA
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Yr | rr_AverageAnnualReturnYear01 | 5.34% | ||||||||||
5 Yrs | rr_AverageAnnualReturnYear05 | 4.87% | ||||||||||
10 Yrs | rr_AverageAnnualReturnYear10 | |||||||||||
since inception | rr_AverageAnnualReturnSinceInception | 5.26% | ||||||||||
ING Investment Grade Credit Fund | Barclays U.S. Corporate Index
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Yr | rr_AverageAnnualReturnYear01 | 9.82% | [3],[4] | |||||||||
5 Yrs | rr_AverageAnnualReturnYear05 | 7.87% | [3],[4] | |||||||||
10 Yrs | rr_AverageAnnualReturnYear10 | [3],[4] | ||||||||||
since inception | rr_AverageAnnualReturnSinceInception | 7.64% | [3],[4],[5] | |||||||||
ING Investment Grade Credit Fund | BoA/ML 1-10 Index
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Yr | rr_AverageAnnualReturnYear01 | 9.44% | [3],[4] | |||||||||
5 Yrs | rr_AverageAnnualReturnYear05 | 6.90% | [3],[4] | |||||||||
10 Yrs | rr_AverageAnnualReturnYear10 | [3],[4] | ||||||||||
since inception | rr_AverageAnnualReturnSinceInception | 6.80% | [3],[4],[5] | |||||||||
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