0001193125-12-465941.txt : 20121113 0001193125-12-465941.hdr.sgml : 20121112 20121113091737 ACCESSION NUMBER: 0001193125-12-465941 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121113 DATE AS OF CHANGE: 20121113 EFFECTIVENESS DATE: 20121113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ING MUTUAL FUNDS CENTRAL INDEX KEY: 0000895430 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-56094 FILM NUMBER: 121196161 BUSINESS ADDRESS: STREET 1: 7337 E DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 18009920180 MAIL ADDRESS: STREET 1: 7337 E DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM MUTUAL FUNDS DATE OF NAME CHANGE: 19990526 FORMER COMPANY: FORMER CONFORMED NAME: NICHOLAS APPLEGATE MUTUAL FUNDS DATE OF NAME CHANGE: 19930328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ING MUTUAL FUNDS CENTRAL INDEX KEY: 0000895430 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07428 FILM NUMBER: 121196162 BUSINESS ADDRESS: STREET 1: 7337 E DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 18009920180 MAIL ADDRESS: STREET 1: 7337 E DOUBLETREE RANCH ROAD, STE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM MUTUAL FUNDS DATE OF NAME CHANGE: 19990526 FORMER COMPANY: FORMER CONFORMED NAME: NICHOLAS APPLEGATE MUTUAL FUNDS DATE OF NAME CHANGE: 19930328 0000895430 S000038556 ING Diversified Emerging Markets Debt Fund C000119025 A IADEX C000119026 C ICDEX C000119027 I IIDEX C000119029 W IWDEX 485BPOS 1 d432720d485bpos.htm ING MUTUAL FUNDS ING Mutual Funds

As filed with the Securities and Exchange Commission on November 13, 2012

Securities Act File No. 033-56094

Investment Company Act File No. 811-07428

 

 

 

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. 166  

x

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

x

 
     Amendment No. 167
(Check appropriate box or boxes)
 

x

 

ING MUTUAL FUNDS

(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

1775 I 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 requirements for effectiveness for this Registration Statement under Rule 485(b) under the 1933 Act and has duly caused this Post-Effective Amendment No. 166 to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Scottsdale and the State of Arizona on the 13th day of November, 2012.

 

ING MUTUAL FUNDS  

By:    

 

/s/ Huey P. Falgout, Jr.

 

 
 

Huey P. Falgout, Jr.

 
 

Secretary

 

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

 

Signature

       

Title

 

Date

 

Shaun Mathews*

     President, Chief Executive Officer
and Interested Trustee
  November 13, 2012

 

Todd Modic*

    

Senior Vice President and

Chief/Principal Financial Officer

  November 13, 2012

 

Colleen D. Baldwin*

    

Trustee

  November 13, 2012

 

John V. Boyer*

    

Trustee

  November 13, 2012

 

Patricia Chadwick*

    

Trustee

  November 13, 2012

 

Peter S. Drotch*

    

Trustee

  November 13, 2012

 

J. Michael Earley*

    

Trustee

  November 13, 2012

 

Patrick W. Kenny*

    

Trustee

  November 13, 2012

 

Sheryl K. Pressler*

    

Trustee

  November 13, 2012

 

Roger B. Vincent*

    

Chairman and Trustee

  November 13, 2012

 

Robert W. Crispin*

    

Interested Trustee

  November 13, 2012

  *By: /s/ Huey P. Falgout, Jr.

      

  Huey P. Falgout, Jr.

  As Attorney-in-Fact

      

 

**

Powers of Attorney for Todd Modic, Shaun Mathews, and each Trustee dated May 23, 2012 were filed as attachments to Post-Effective Amendment No. 159 to the Registrant’s Registration Statement on Form N-1A on August 1, 2012 and are incorporated herein by reference.


EXHIBIT INDEX

ING Mutual Funds

 

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 imf4-20121031.xml XBRL INSTANCE DOCUMENT 0000895430 imf4:S000038556Member 2011-11-02 2012-11-01 0000895430 imf4:S000038556Member imf4:C000119025Member 2011-11-02 2012-11-01 0000895430 imf4:S000038556Member imf4:C000119026Member 2011-11-02 2012-11-01 0000895430 imf4:S000038556Member imf4:C000119027Member 2011-11-02 2012-11-01 0000895430 imf4:S000038556Member imf4:C000119029Member 2011-11-02 2012-11-01 0000895430 2011-11-02 2012-11-01 pure iso4217:USD <div style="display:none">~ http://www.INGInvestment.com/role/ScheduleShareholderFeesTransposedINGDiversifiedEmergingMarketsDebtFund column period compact * ~</div> <font style="font-family: Arial;font-weight: Bold;font-size: 11.5pt;line-height: 13pt;text-align: left; color:#f58220;">Expense Examples &#36;</font> <font style="font-family: Arial;font-weight: Bold;font-size: 18.2pt;line-height: 20pt;text-align: left;">ING Diversified Emerging Markets Debt Fund</font> <font style="font-family: Arial" size="2">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least &#36;100,000 in ING Funds.</font> <font style="font-family: Arial" size="1">Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.</font> <font style="font-family: Arial" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; 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 Examples, affect the Fund&#8217;s performance.</font><br/><br/><font style="font-family: Arial" size="2"> Since the Fund had not commenced operations as of the date of this Prospectus, there is no annual portfolio turnover rate information included.</font> 100000 <font style="font-family: Arial;font-weight: Bold;font-size: 11.5pt;line-height: 13pt;text-align: left; color:#f58220;">Shareholder Fees<br> Fees paid directly from your investment</font> 0.025 0 0 0 <font style="font-family: Arial;font-weight: Bold;font-size: 11.5pt;line-height: 13pt;text-align: left; color:#f58220;">Annual Fund Operating Expenses<br> Expenses you pay each year as a % of the value of your investment</font> <div style="display:none">~ http://www.INGInvestment.com/role/ScheduleAnnualFundOperatingExpensesINGDiversifiedEmergingMarketsDebtFund column period compact * ~</div> 485BPOS ING MUTUAL FUNDS <font style="font-family: Arial" size="2">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least &#36;100,000 in ING Funds. More information about these and other discounts is available from your financial professional and in the discussion in the Sales Charges section of the Prospectus (page 23) or the Statement of Additional Information (page 27).</font> 0 0.01 -0.011 -0.011 -0.0105 -0.011 <font style="font-family: Arial" size="2">The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest &#36;10,000 in the Fund for the time periods indicated. The Examples show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Examples also assume 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:</font> 374 303 97 102 <font style="font-family: Arial;font-weight: Bold;font-size: 11.2pt;line-height: 13pt;text-align: left;">PRINCIPAL INVESTMENT STRATEGIES</font> <font style="font-family: Arial" size="1">A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of &#36;1 million or more.</font> 0000895430 false 2012-10-31 2012-10-31 <font style="font-family: Arial;font-weight: Bold;font-size: 11.2pt;line-height: 13pt;text-align: left;">INVESTMENT OBJECTIVE</font> <font style="font-family: Arial;font-weight: Bold;font-size: 11.2pt;line-height: 13pt;text-align: left;">FEES AND EXPENSES OF THE FUND</font> 0 0 0.001 0.001 0.001 0.001 0.0235 0.031 0.02 0.021 <font style="font-family: Arial" size="1">Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.</font> <font style="font-family: Arial" size="1">March 1, 2014</font> <font style="font-family: Arial" size="2">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-year period.</font> <font style="font-family: Arial;font-weight: Bold;font-size: 11.5pt;line-height: 13pt;text-align: left; color:#f58220;">Portfolio Turnover % of average value of portfolio</font> 826 817 488 514 374 203 97 102 826 <font style="font-family: Arial" size="2"> You could lose money on an investment in the Fund. Any of the following risks, among others, could affect the Fund&#8217;s or an Underlying Fund&#8217;s performance or cause the Fund or an Underlying Fund to lose money or to underperform market averages of other funds. The value of your investment in the Fund will also change with the values of the Underlying Funds and their investments.</font><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Asset Allocation</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;The success of the Fund&#8217;s strategy depends on the Adviser&#8217;s or Sub-Adviser&#8217;s skill in allocating Fund assets between the asset classes and in choosing investments within those categories. There is a risk that the Fund may allocate assets to an asset class that underperforms other asset classes.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Call</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;During periods of falling interest rates, a bond issuer may &ldquo;call&rdquo; or repay its high-yielding bond before the bond&#8217;s maturity date. If forced to invest the unanticipated proceeds at lower interest rates, the Fund or an Underlying Fund would experience a decline in income.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Company</font><font style="font-family: Arial" size="2">&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.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;"> Convertible Securities</font><font style="font-family: Arial" size="2">&nbsp;&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.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Credit</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;Prices of bonds and other debt securities can fall if the issuer&#8217;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.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Currency</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;To the extent that the Fund or an Underlying Fund invests directly in foreign currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those 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.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Derivative Instruments</font><font style="font-family: Arial" size="2">&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 or an Underlying Fund and reduce its returns.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Foreign Investments/Developing and Emerging Markets</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;Investing in foreign (non-U.S.) securities may result in the Fund or the Underlying Funds 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. Foreign investment risks may be greater in developing and emerging markets than in developed markets.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">High-Yield Securities</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;Investments rated below investment-grade (or of similar quality if unrated) are known as &ldquo;high-yield securities&rdquo; or &ldquo;junk bonds.&rdquo; High-yield securities are subject to greater levels of credit and liquidity risks. High-yield securities are considered primarily speculative with respect to the issuer&#8217;s continuing ability to make principal and interest payments.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Interest in Loans</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;The value and the income streams of interests in loans (including participation interests in lease financings and assignments in secured variable or floating rate loans) will decline if borrowers delay payments or fail to pay altogether. A large rise in interest rates could increase this risk. Although loans are generally fully collateralized when purchased, the collateral may become illiquid or decline in value. Many loans themselves carry liquidity and valuation risks.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Interest Rate</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;With bonds and other fixed rate debt securities, 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 security, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Leverage</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;Certain transactions and investment strategies may give rise to leverage. Such transactions and investment strategies, include, but are not limited to: borrowing, dollar rolls, reverse repurchase agreements, loans of portfolio securities and the use of when-issued, delayed-delivery or forward-commitment transactions. The use of certain derivatives may also increase leveraging risk. The use of leverage may increase the Fund&#8217;s expenses and increase the impact of the Fund&#8217;s other risks.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Liquidity</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;If a security is illiquid, the Fund or an Underlying Fund might be unable to sell the security at a time when the manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund or an Underlying 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 or an Underlying Fund could realize upon disposition. The Fund or an Underlying Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund or an Underlying Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund or an Underlying Fund.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Market</font><font style="font-family: Arial" size="2">&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. The stock market tends 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.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Market Capitalization</font><font style="font-family: Arial" size="2">&nbsp;&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 or an Underlying 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.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Mortgage- and/or Asset-Backed Securities</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp; 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 or an Underlying 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.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Other Investment Companies</font><font style="font-family: Arial" size="2">&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 or an Underlying 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 and a proportionate share of the expenses of each Underlying Fund.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Prepayment and Extension</font><font style="font-family: Arial" size="2"> &nbsp;&nbsp;&nbsp;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 or an Underlying Fund later than expected which may decrease the value of the obligation and prevent the Fund or an Underlying Fund from investing expected repayment proceeds in securities paying yields higher than the yields paid by the securities that were expected to be repaid.</font></p><p><font style="font-family: Arial;font-weight: bold;font-size: 10pt;line-height: 12pt;text-align: left;color:#f58220;">Sovereign Debt</font><font style="font-family: Arial" size="2">&nbsp;&nbsp;&nbsp;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.</font></p><font style="font-family: Arial" size="2"><i>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.</i></font> <font style="font-family: Arial" size="2">Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt instruments of, or derivatives having economic characteristics similar to the debt instruments of, issuers in emerging market countries. The Fund will provide shareholders with at least 60 days&#8217; prior notice of any change in this investment policy.</font><p><font style="font-family: Arial" size="2">The Fund may invest in a range of fixed-income and floating rate debt instruments of issuers in emerging markets countries (collectively, &ldquo;EMD Securities&rdquo;), including sovereign and corporate debt, through direct investment as well as investment in a combination of other ING Funds (&ldquo;Underlying Funds&rdquo;). As of the date of this prospectus, the Fund&#8217;s exposure to EMD Securities is achieved primarily through investment in Underlying Funds.</font></p><p><font style="font-family: Arial" size="2">EMD Securities may be denominated in local currencies (<em> i.e</em> ., denominated in the currency of an emerging markets country), or hard currencies (<em> i.e</em> ., U.S. Dollars or Euros). Hard currencies are currencies in which investors have confidence and are typically currencies of economically and politically stable industrialized nations.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial" size="2">The Fund&#8217;s current approximate target allocations (&ldquo;Target Allocations&rdquo;) (expressed as a percentage of its net assets) among the Fund&#8217;s asset classes are: sovereign debt securities denominated in hard currencies - 40%; debt securities (including sovereign and corporate debt instruments) denominated in local currencies - 40%; and corporate debt securities denominated in hard currencies - 20%. As these Target Allocations are as of the date of this Prospectus, the actual allocations of the Fund&#8217;s assets may deviate from the percentages shown.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial" size="2">The Fund can deviate from the Target Allocations based on an assessment of the current market conditions or other factors. Generally, the deviations fall in the range of +/-20% relative to the current Target Allocations. The Fund&#8217;s sub-adviser (&ldquo;Sub-Adviser&rdquo;) may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective or to take advantage of particular opportunities.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial" size="2">Emerging market countries include most countries in the world except Australia, Austria, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Japan, Malta, The Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, and the United States. An emerging market issuer is one: (i) that is organized under the laws of, or has a principal place of business in an emerging market country; (ii) where the principal securities market is in an emerging market country; (iii) that derives at least 50% of its total revenues or profits from goods that are produced or sold, investments made, or services performed in emerging market countries; or (iv) at least 50% of the assets of which are located in emerging market countries.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial" size="2">The Fund may invest in obligations of any credit quality and may invest without limit in below investment-grade debt securities (commonly known as &ldquo;junk bonds&rdquo;). Fixed-income instruments in which the Fund may also invest include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. Debt securities may include, without limitation, bonds, debentures, notes, convertible securities, commercial paper, loans and related assignments and participations, corporate debt, asset-backed securities, bank certificates of deposit, fixed time deposits, bankers&#8217; acceptances and money market instruments, including money market funds denominated in U.S. dollars or other currencies.</font></p><p style="margin-top:6px;margin-bottom:-10px"></p><p><font style="font-family: Arial" size="2">The Fund may also invest in derivatives, including options, futures, swaps (including interest rate swaps, total return swaps, and credit default swaps), and currency forwards, to make tactical asset allocations, seek to minimize risk, and/or assist in managing cash. The Fund may hold cash and cash equivalents.</font></p><font style="font-family: Arial" size="2">The Fund may invest in exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (&ldquo;1940 Act&rdquo;).</font> <font style="font-family: Arial" size="2">You could lose money on an investment in the Fund. </font> 2012-11-01 2012-11-01 <font style="font-family: Arial" size="2">The Fund seeks total return including capital appreciation and current income.</font> 0.007 0.007 0.007 0.007 0.0025 0.01 0 0 0.0115 0.0115 0.0105 0.0115 0.0015 0.0015 0.0015 0.0015 0.0125 0.02 0.0095 0.01 817 514 488 <font style="font-family: Arial;font-weight: Bold;font-size: 11.2pt;line-height: 13pt;text-align: left;">PRINCIPAL RISKS</font> <font style="font-family: Arial" size="2"><i>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.</i></font> <font style="font-family: Arial;font-weight: Bold;font-size: 11.2pt;line-height: 13pt;text-align: left;">PERFORMANCE INFORMATION</font> <font style="font-family: Arial" size="2"> Because the Fund had not commenced operations as of the calendar year ended December 31, 2011, there is no annual performance information included.</font> <font style="font-family: Arial" size="2"> Because the Fund had not commenced operations as of the calendar year ended December 31, 2011, there is no annual performance information included.</font> <div style="display:none">~ http://www.INGInvestment.com/role/ScheduleExpenseExampleTransposedINGDiversifiedEmergingMarketsDebtFund column period compact * ~</div> <div style="display:none">~ http://www.INGInvestment.com/role/ScheduleExpenseExampleNoRedemptionTransposedINGDiversifiedEmergingMarketsDebtFund column period compact * ~</div> A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more. Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year. The adviser is contractually obligated to limit expenses to 1.25%, 2.00%, 0.95%, and 1.00% for Class A, Class C, Class I, and Class W shares, respectively, through March 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, other investment related costs, extraordinary expenses, fees and expenses of borrowings. 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 MUTUAL FUNDS
Prospectus Date rr_ProspectusDate Nov. 01, 2012
Document Creation Date dei_DocumentCreationDate Oct. 31, 2012
XML 11 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
ING Diversified Emerging Markets Debt Fund
ING Diversified Emerging Markets Debt Fund
INVESTMENT OBJECTIVE
The Fund seeks total return including capital appreciation 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. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in ING Funds. More information about these and other discounts is available from your financial professional and in the discussion in the Sales Charges section of the Prospectus (page 23) or the Statement of Additional Information (page 27).
Shareholder Fees
Fees paid directly from your investment
Shareholder Fees ING Diversified Emerging Markets Debt Fund
Maximum sales charge (load) as a % of offering price
Maximum deferred sales charge as a % of purchase or sales price, whichever is less
Class A
2.50% none [1]
Class C
none 1.00%
Class I
none none
Class W
none none
[1] A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Annual Fund Operating Expenses ING Diversified Emerging Markets Debt Fund
Class A
Class C
Class I
Class W
Management Fees 0.70% 0.70% 0.70% 0.70%
Distribution and/or Shareholder Services (12b-1) Fees 0.25% 1.00% none none
Administrative Services Fees 0.10% 0.10% 0.10% 0.10%
Other Expenses [1] 1.15% 1.15% 1.05% 1.15%
Acquired Fund Fees and Expenses [1] 0.15% 0.15% 0.15% 0.15%
Total Annual Fund Operating Expenses 2.35% 3.10% 2.00% 2.10%
Waivers and Reimbursements [2] (1.10%) (1.10%) (1.05%) (1.10%)
Total Annual Fund Operating Expenses After Waivers and Reimbursements 1.25% 2.00% 0.95% 1.00%
[1] Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
[2] The adviser is contractually obligated to limit expenses to 1.25%, 2.00%, 0.95%, and 1.00% for Class A, Class C, Class I, and Class W shares, respectively, through March 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, other investment related costs, extraordinary expenses, fees and expenses of borrowings. 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 Examples $
The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the Fund for the time periods indicated. The Examples show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Examples also assume 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 ING Diversified Emerging Markets Debt Fund (USD $)
1 Yr
3 Yrs
Class A
374 826
Class C
303 817
Class I
97 488
Class W
102 514
Expense Example, No Redemption ING Diversified Emerging Markets Debt Fund (USD $)
1 Yr
3 Yrs
Class A
374 826
Class C
203 817
Class I
97 488
Class W
102 514
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-year period.
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 Examples, affect the Fund’s performance.

Since the Fund had not commenced operations as of the date of this Prospectus, there is no annual portfolio turnover rate information included.
PRINCIPAL INVESTMENT STRATEGIES
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt instruments of, or derivatives having economic characteristics similar to the debt instruments of, issuers in emerging market countries. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund may invest in a range of fixed-income and floating rate debt instruments of issuers in emerging markets countries (collectively, “EMD Securities”), including sovereign and corporate debt, through direct investment as well as investment in a combination of other ING Funds (“Underlying Funds”). As of the date of this prospectus, the Fund’s exposure to EMD Securities is achieved primarily through investment in Underlying Funds.

EMD Securities may be denominated in local currencies ( i.e ., denominated in the currency of an emerging markets country), or hard currencies ( i.e ., U.S. Dollars or Euros). Hard currencies are currencies in which investors have confidence and are typically currencies of economically and politically stable industrialized nations.

The Fund’s current approximate target allocations (“Target Allocations”) (expressed as a percentage of its net assets) among the Fund’s asset classes are: sovereign debt securities denominated in hard currencies - 40%; debt securities (including sovereign and corporate debt instruments) denominated in local currencies - 40%; and corporate debt securities denominated in hard currencies - 20%. As these Target Allocations are as of the date of this Prospectus, the actual allocations of the Fund’s assets may deviate from the percentages shown.

The Fund can deviate from the Target Allocations based on an assessment of the current market conditions or other factors. Generally, the deviations fall in the range of +/-20% relative to the current Target Allocations. The Fund’s sub-adviser (“Sub-Adviser”) may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective or to take advantage of particular opportunities.

Emerging market countries include most countries in the world except Australia, Austria, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Japan, Malta, The Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, and the United States. An emerging market issuer is one: (i) that is organized under the laws of, or has a principal place of business in an emerging market country; (ii) where the principal securities market is in an emerging market country; (iii) that derives at least 50% of its total revenues or profits from goods that are produced or sold, investments made, or services performed in emerging market countries; or (iv) at least 50% of the assets of which are located in emerging market countries.

The Fund may invest in obligations of any credit quality and may invest without limit in below investment-grade debt securities (commonly known as “junk bonds”). Fixed-income instruments in which the Fund may also invest include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. Debt securities may include, without limitation, bonds, debentures, notes, convertible securities, commercial paper, loans and related assignments and participations, corporate debt, asset-backed securities, bank certificates of deposit, fixed time deposits, bankers’ acceptances and money market instruments, including money market funds denominated in U.S. dollars or other currencies.

The Fund may also invest in derivatives, including options, futures, swaps (including interest rate swaps, total return swaps, and credit default swaps), and currency forwards, to make tactical asset allocations, seek to minimize risk, and/or assist in managing cash. The Fund may hold cash and cash equivalents.

The Fund may invest in 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”).
PRINCIPAL RISKS
You could lose money on an investment in the Fund. Any of the following risks, among others, could affect the Fund’s or an Underlying Fund’s performance or cause the Fund or an Underlying Fund to lose money or to underperform market averages of other funds. The value of your investment in the Fund will also change with the values of the Underlying Funds and their investments.

Asset Allocation   The success of the Fund’s strategy depends on the Adviser’s or Sub-Adviser’s skill in allocating Fund assets between the asset classes and in choosing investments within those categories. There is a risk that the Fund may allocate assets to an asset class that underperforms other asset classes.

Call   During periods of falling interest rates, a bond issuer may “call” or repay its high-yielding bond before the bond’s maturity date. If forced to invest the unanticipated proceeds at lower interest rates, the Fund or an Underlying Fund would experience a decline in income.

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 securities 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 or an Underlying Fund invests directly in foreign currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those 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 or an Underlying Fund and reduce its returns.

Foreign Investments/Developing and Emerging Markets   Investing in foreign (non-U.S.) securities may result in the Fund or the Underlying Funds 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. Foreign investment risks may be greater in developing and emerging markets than in developed markets.

High-Yield Securities   Investments rated below investment-grade (or of similar quality if unrated) are known as “high-yield securities” or “junk bonds.” High-yield securities are subject to greater levels of credit and liquidity risks. High-yield securities are considered primarily speculative with respect to the issuer’s continuing ability to make principal and interest payments.

Interest in Loans   The value and the income streams of interests in loans (including participation interests in lease financings and assignments in secured variable or floating rate loans) will decline if borrowers delay payments or fail to pay altogether. A large rise in interest rates could increase this risk. Although loans are generally fully collateralized when purchased, the collateral may become illiquid or decline in value. Many loans themselves carry liquidity and valuation risks.

Interest Rate   With bonds and other fixed rate debt securities, 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 security, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk.

Leverage   Certain transactions and investment strategies may give rise to leverage. Such transactions and investment strategies, include, but are not limited to: borrowing, dollar rolls, reverse repurchase agreements, loans of portfolio securities and the use of when-issued, delayed-delivery or forward-commitment transactions. The use of certain derivatives may also increase leveraging risk. The use of leverage may increase the Fund’s expenses and increase the impact of the Fund’s other risks.

Liquidity   If a security is illiquid, the Fund or an Underlying Fund might be unable to sell the security at a time when the manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund or an Underlying 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 or an Underlying Fund could realize upon disposition. The Fund or an Underlying Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund or an Underlying Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund or an Underlying 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. The stock market tends 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.

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 or an Underlying 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.

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 or an Underlying 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.

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 or an Underlying 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 and a proportionate share of the expenses of each Underlying 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 or an Underlying Fund later than expected which may decrease the value of the obligation and prevent the Fund or an Underlying Fund from investing expected repayment proceeds in securities paying yields higher than the yields paid by the securities that were expected to be repaid.

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.

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
Because the Fund had not commenced operations as of the calendar year ended December 31, 2011, there is no annual performance information included.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName ING MUTUAL FUNDS
Prospectus Date rr_ProspectusDate Nov. 01, 2012
ING Diversified Emerging Markets Debt Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ING Diversified Emerging Markets Debt Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks total return including capital appreciation 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. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in ING Funds. More information about these and other discounts is available from your financial professional and in the discussion in the Sales Charges section of the Prospectus (page 23) or the Statement of Additional Information (page 27).
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 March 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 Examples, affect the Fund’s performance.

Since the Fund had not commenced operations as of the date of this Prospectus, there is no annual portfolio turnover rate information included.
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in ING Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 100,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Expense Examples $
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the Fund for the time periods indicated. The Examples show costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Examples also assume 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-year period.
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 debt instruments of, or derivatives having economic characteristics similar to the debt instruments of, issuers in emerging market countries. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.

The Fund may invest in a range of fixed-income and floating rate debt instruments of issuers in emerging markets countries (collectively, “EMD Securities”), including sovereign and corporate debt, through direct investment as well as investment in a combination of other ING Funds (“Underlying Funds”). As of the date of this prospectus, the Fund’s exposure to EMD Securities is achieved primarily through investment in Underlying Funds.

EMD Securities may be denominated in local currencies ( i.e ., denominated in the currency of an emerging markets country), or hard currencies ( i.e ., U.S. Dollars or Euros). Hard currencies are currencies in which investors have confidence and are typically currencies of economically and politically stable industrialized nations.

The Fund’s current approximate target allocations (“Target Allocations”) (expressed as a percentage of its net assets) among the Fund’s asset classes are: sovereign debt securities denominated in hard currencies - 40%; debt securities (including sovereign and corporate debt instruments) denominated in local currencies - 40%; and corporate debt securities denominated in hard currencies - 20%. As these Target Allocations are as of the date of this Prospectus, the actual allocations of the Fund’s assets may deviate from the percentages shown.

The Fund can deviate from the Target Allocations based on an assessment of the current market conditions or other factors. Generally, the deviations fall in the range of +/-20% relative to the current Target Allocations. The Fund’s sub-adviser (“Sub-Adviser”) may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective or to take advantage of particular opportunities.

Emerging market countries include most countries in the world except Australia, Austria, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Japan, Malta, The Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, and the United States. An emerging market issuer is one: (i) that is organized under the laws of, or has a principal place of business in an emerging market country; (ii) where the principal securities market is in an emerging market country; (iii) that derives at least 50% of its total revenues or profits from goods that are produced or sold, investments made, or services performed in emerging market countries; or (iv) at least 50% of the assets of which are located in emerging market countries.

The Fund may invest in obligations of any credit quality and may invest without limit in below investment-grade debt securities (commonly known as “junk bonds”). Fixed-income instruments in which the Fund may also invest include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. Debt securities may include, without limitation, bonds, debentures, notes, convertible securities, commercial paper, loans and related assignments and participations, corporate debt, asset-backed securities, bank certificates of deposit, fixed time deposits, bankers’ acceptances and money market instruments, including money market funds denominated in U.S. dollars or other currencies.

The Fund may also invest in derivatives, including options, futures, swaps (including interest rate swaps, total return swaps, and credit default swaps), and currency forwards, to make tactical asset allocations, seek to minimize risk, and/or assist in managing cash. The Fund may hold cash and cash equivalents.

The Fund may invest in 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”).
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 the Fund’s or an Underlying Fund’s performance or cause the Fund or an Underlying Fund to lose money or to underperform market averages of other funds. The value of your investment in the Fund will also change with the values of the Underlying Funds and their investments.

Asset Allocation   The success of the Fund’s strategy depends on the Adviser’s or Sub-Adviser’s skill in allocating Fund assets between the asset classes and in choosing investments within those categories. There is a risk that the Fund may allocate assets to an asset class that underperforms other asset classes.

Call   During periods of falling interest rates, a bond issuer may “call” or repay its high-yielding bond before the bond’s maturity date. If forced to invest the unanticipated proceeds at lower interest rates, the Fund or an Underlying Fund would experience a decline in income.

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 securities 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 or an Underlying Fund invests directly in foreign currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those 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 or an Underlying Fund and reduce its returns.

Foreign Investments/Developing and Emerging Markets   Investing in foreign (non-U.S.) securities may result in the Fund or the Underlying Funds 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. Foreign investment risks may be greater in developing and emerging markets than in developed markets.

High-Yield Securities   Investments rated below investment-grade (or of similar quality if unrated) are known as “high-yield securities” or “junk bonds.” High-yield securities are subject to greater levels of credit and liquidity risks. High-yield securities are considered primarily speculative with respect to the issuer’s continuing ability to make principal and interest payments.

Interest in Loans   The value and the income streams of interests in loans (including participation interests in lease financings and assignments in secured variable or floating rate loans) will decline if borrowers delay payments or fail to pay altogether. A large rise in interest rates could increase this risk. Although loans are generally fully collateralized when purchased, the collateral may become illiquid or decline in value. Many loans themselves carry liquidity and valuation risks.

Interest Rate   With bonds and other fixed rate debt securities, 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 security, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk.

Leverage   Certain transactions and investment strategies may give rise to leverage. Such transactions and investment strategies, include, but are not limited to: borrowing, dollar rolls, reverse repurchase agreements, loans of portfolio securities and the use of when-issued, delayed-delivery or forward-commitment transactions. The use of certain derivatives may also increase leveraging risk. The use of leverage may increase the Fund’s expenses and increase the impact of the Fund’s other risks.

Liquidity   If a security is illiquid, the Fund or an Underlying Fund might be unable to sell the security at a time when the manager might wish to sell, and the security could have the effect of decreasing the overall level of the Fund or an Underlying 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 or an Underlying Fund could realize upon disposition. The Fund or an Underlying Fund may make investments that become less liquid in response to market developments or adverse investor perception. The Fund or an Underlying Fund could lose money if it cannot sell a security at the time and price that would be most beneficial to the Fund or an Underlying 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. The stock market tends 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.

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 or an Underlying 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.

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 or an Underlying 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.

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 or an Underlying 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 and a proportionate share of the expenses of each Underlying 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 or an Underlying Fund later than expected which may decrease the value of the obligation and prevent the Fund or an Underlying Fund from investing expected repayment proceeds in securities paying yields higher than the yields paid by the securities that were expected to be repaid.

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.

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 Because the Fund had not commenced operations as of the calendar year ended December 31, 2011, there is no annual performance information included.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund had not commenced operations as of the calendar year ended December 31, 2011, there is no annual performance information included.
ING Diversified Emerging Markets Debt Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) as a % of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum deferred sales charge as a % of purchase or sales price, whichever is less rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Administrative Services Fees rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 1.15% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.35%
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.10%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.25%
1 Yr rr_ExpenseExampleYear01 374
3 Yrs rr_ExpenseExampleYear03 826
1 Yr rr_ExpenseExampleNoRedemptionYear01 374
3 Yrs rr_ExpenseExampleNoRedemptionYear03 826
ING Diversified Emerging Markets Debt Fund | Class C
 
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 1.00%
Management Fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Administrative Services Fees rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 1.15% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.10%
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.10%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 2.00%
1 Yr rr_ExpenseExampleYear01 303
3 Yrs rr_ExpenseExampleYear03 817
1 Yr rr_ExpenseExampleNoRedemptionYear01 203
3 Yrs rr_ExpenseExampleNoRedemptionYear03 817
ING Diversified Emerging Markets Debt Fund | Class I
 
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 Fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Administrative Services Fees rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 1.05% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.00%
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.05%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 0.95%
1 Yr rr_ExpenseExampleYear01 97
3 Yrs rr_ExpenseExampleYear03 488
1 Yr rr_ExpenseExampleNoRedemptionYear01 97
3 Yrs rr_ExpenseExampleNoRedemptionYear03 488
ING Diversified Emerging Markets Debt Fund | Class W
 
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 Fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Administrative Services Fees rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 1.15% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.10%
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.10%) [3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.00%
1 Yr rr_ExpenseExampleYear01 102
3 Yrs rr_ExpenseExampleYear03 514
1 Yr rr_ExpenseExampleNoRedemptionYear01 102
3 Yrs rr_ExpenseExampleNoRedemptionYear03 514
[1] A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
[2] Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
[3] The adviser is contractually obligated to limit expenses to 1.25%, 2.00%, 0.95%, and 1.00% for Class A, Class C, Class I, and Class W shares, respectively, through March 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, other investment related costs, extraordinary expenses, fees and expenses of borrowings. 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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Document and Entity Information
12 Months Ended
Nov. 01, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Oct. 31, 2012
Registrant Name ING MUTUAL FUNDS
Central Index Key 0000895430
Amendment Flag false
Document Creation Date Oct. 31, 2012
Document Effective Date Nov. 01, 2012
Prospectus Date Nov. 01, 2012
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