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Hi,
How to read fund's total operating fees?
For example, what is total fees associated with ING GNMA Income Fund - Class A?
Operations section reads:
Gross Prosp Exp Ratio 0.96% of fund assets
Net Prosp Exp Ratio 0.96% of fund assets
Management Fee 0.47%
12b-1 Fee 0.25%
Other Fee 0.00%
Miscellaneous Fee(s) 0.24%
Fund Inception Date 08-17-73
Total Fund Assets ($mil) 783.6
Notes section reads:
To pay for the cost of promoting the Fund and servicing your shareholder account, Class A shares of the Fund have adopted a
Rule 12b-1 plan which requires distribution and shareholder service fees to be paid out of the assets of the class. ING Funds
Services, LLC receives an annual administration fee equal to 0.10% of average daily net assets. The Investment Adviser has
entered into a written expense limitation agreement with the Fund under which it will limit expenses of the Fund, excluding
interest, taxes, brokerage commissions and extraordinary expenses, subject to possible recoupment by the Investment Adviser
within three years. The amount of expenses waived, reimbursed or recouped during the last fiscal year by the Adviser is shown
in the table above. The expense limit will continue through at least August 1, 2009. The expense limitation is contractual and
shall renew automatically for one-year terms unless the Adviser provides written notice of termination of the expense limitation
agreement at least 90 days prior to the end of the then current term or upon termination of the investment management
agreement. Funds or their affiliates may pay compensation to ING affiliates offering a fund. Such compensation may be paid
out of distribution, service and/or 12b-1 fees that are deducted from the fund's assets, and/or may be paid directly by the fund's
affiliates. Any fees deducted from fund assets are discussed in the fund's prospectus and disclosed in the fund fact sheet.
Because these fees are paid on an on-going basis, over time these fees will increase the cost of your investment and may cost
you more than paying other types of sales charges. If offered through a retirement program, additional fees and expenses may
be charged under that program. NOT A DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT
AGENCY. NOT GUARANTEED BY THE INSTITUTION. MAY GO DOWN IN VALUE.
How to read fund's total operating fees?
For example, what is total fees associated with ING GNMA Income Fund - Class A?
Operations section reads:
Gross Prosp Exp Ratio 0.96% of fund assets
Net Prosp Exp Ratio 0.96% of fund assets
Management Fee 0.47%
12b-1 Fee 0.25%
Other Fee 0.00%
Miscellaneous Fee(s) 0.24%
Fund Inception Date 08-17-73
Total Fund Assets ($mil) 783.6
Notes section reads:
To pay for the cost of promoting the Fund and servicing your shareholder account, Class A shares of the Fund have adopted a
Rule 12b-1 plan which requires distribution and shareholder service fees to be paid out of the assets of the class. ING Funds
Services, LLC receives an annual administration fee equal to 0.10% of average daily net assets. The Investment Adviser has
entered into a written expense limitation agreement with the Fund under which it will limit expenses of the Fund, excluding
interest, taxes, brokerage commissions and extraordinary expenses, subject to possible recoupment by the Investment Adviser
within three years. The amount of expenses waived, reimbursed or recouped during the last fiscal year by the Adviser is shown
in the table above. The expense limit will continue through at least August 1, 2009. The expense limitation is contractual and
shall renew automatically for one-year terms unless the Adviser provides written notice of termination of the expense limitation
agreement at least 90 days prior to the end of the then current term or upon termination of the investment management
agreement. Funds or their affiliates may pay compensation to ING affiliates offering a fund. Such compensation may be paid
out of distribution, service and/or 12b-1 fees that are deducted from the fund's assets, and/or may be paid directly by the fund's
affiliates. Any fees deducted from fund assets are discussed in the fund's prospectus and disclosed in the fund fact sheet.
Because these fees are paid on an on-going basis, over time these fees will increase the cost of your investment and may cost
you more than paying other types of sales charges. If offered through a retirement program, additional fees and expenses may
be charged under that program. NOT A DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT
AGENCY. NOT GUARANTEED BY THE INSTITUTION. MAY GO DOWN IN VALUE.
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