SIMPLIFIED PROSPECTUSING DIRECT Streetwise FundsING DIRECT Streetwise Balanced Income ClassING DIRECT Streetwise Balanced ClassING DIRECT Streetwise Balanced Growth Classof ING Direct Corporate Class Limited
No securities regulatory authority has expressed an opinion about these shares and it is an offence to claimotherwise.January 2, 2008
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................................4
WHAT IS A MUTUAL FUND AND WHAT ARE THE RISKS OF INVESTING IN A MUTUAL FUND?5
What is a Mutual Fund?................................................................................................................................5
What are the risks of investing in a mutual fund generally?.........................................................................5
ORGANIZATION AND MANAGEMENT OF THE FUNDS.......................................................................9
PURCHASES, SWITCHES AND REDEMPTIONS......................................................................................9
OPTIONAL SERVICES................................................................................................................................12
Registered Tax Plans..................................................................................................................................12
FEES AND EXPENSES................................................................................................................................13
Impact of Sales Charges.............................................................................................................................14
DEALER COMPENSATION.......................................................................................................................14
DEALER COMPENSATION FROM MANAGEMENT FEES...................................................................14
INCOME TAX CONSIDERATIONS FOR INVESTORS...........................................................................14
Tax Status of the Corporation.....................................................................................................................15
Tax Treatment of the Corporation..............................................................................................................15
Tax Treatment of Holders...........................................................................................................................16
Eligibility for Investment............................................................................................................................17
WHAT ARE YOUR LEGAL RIGHTS?.......................................................................................................17
PART B..........................................................................................................................................................19
SPECIFIC INFORMATION ABOUT EACH OF THE MUTUAL FUNDS DESCRIBED IN THISDOCUMENT.................................................................................................................................................19
WHAT DOES THE FUND INVEST IN?.....................................................................................................22
Investment Objectives................................................................................................................................22
Investment Strategies..................................................................................................................................22
WHAT ARE THE RISKS OF INVESTING IN THE FUND?......................................................................23
WHO SHOULD INVEST IN THIS FUND?.................................................................................................24
DISTRIBUTION POLICY............................................................................................................................24
3WHAT DOES THE FUND INVEST IN?.....................................................................................................25
Investment Objectives................................................................................................................................25
Investment Strategies..................................................................................................................................25
WHAT ARE THE RISKS OF INVESTING IN THE FUND?......................................................................26
WHO SHOULD INVEST IN THIS FUND?.................................................................................................27
DISTRIBUTION POLICY............................................................................................................................27
WHAT DOES THE FUND INVEST IN?.....................................................................................................28
Investment Objectives................................................................................................................................28
Investment Strategies..................................................................................................................................28
WHAT ARE THE RISKS OF INVESTING IN THE FUND?......................................................................29
WHO SHOULD INVEST IN THIS FUND?.................................................................................................30
DISTRIBUTION POLICY............................................................................................................................30
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| Upload Date: | 01/13/2008 |
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