Monthly funds fact sheets for INg Funds Berhad

1. ING FUNDS
Monthly Fact Sheet
March 2010 Issue (period under review February 2010)
REVIEW OF THE LOCAL MARKET
Equity Equity Market Outlook
The domestic equity market ignored widespread losses in other Global equity market recovered convincingly after a sharp pull-
regions and ended the month on higher note (+0.9%), as range- back in February which was mainly triggered by worries over
bound trade continued. Growth stocks continue to lead value monetary tightening in China and fears of a fiscal crisis in pe-
stocks across all market capitalization (small-, mid- and large-). ripheral Europe (Greece, Portugal, Spain and Ireland).
This growth ‘bias’ was largely driven by strong performance from
financials and telecommunication sectors, both which are Fundamentally, an early cycle tightening in China and other
weighted heavily in the index. Smaller companies, which outper- parts of Asia to pre-empt a property bubble will not derail the
formed significantly initially were not able to keep up the strong current structural growth story in Asia as argued previously.
pace in the end of the month and underperformed both large and Meanwhile, the fiscal crisis is confined within the over-leveraged
mid-cap stocks. peripheral Europe, which account for only 14% of the EU’s GDP.
Hence, the 10-year government bond yield for peripheral Europe
On sector basis, ten out of 10 sectors registered a positive re- surged by more than 500bps over the last one month while bond
turn, with Telecommunication (+6.2%), Consumer Staples yield in Germany, UK and US declined slightly over the same
(+2.4%) and Financials (+1.1%), generated strong gains while period. This is because the fiscal position for countries like Ger-
Consumer Discretionary (-4.8%), Utilities (-0.7%) and Industrials many are in good shape where it has the lowest debt-to-GDP
(-0.7%) were the sectors posted negative return. All in all, stocks ratio among the developed economies while house prices are
advanced in February, with the FBM KLCI Index gained 0.9% or relatively undervalued and it can still afford to pump-prime its
11.6 points to close at 1,270.8 points. The FTSE Bursa Malaysia economy.
EMAS Index inched up 76.2 points or 0.8% to 8,559 while the
FTSE Malaysia Small Cap Index rose 42.4 points or 0.5% to One of the unprecedented event in the month of February was
10,649. The average value traded on Bursa in February eased the Fed raised its discount rate, making investors wondering
27% mom to RM1.245 billion (RM1.7 billion in January) per day whether the Fed Funds rate will be next. According to empirical
due to shorter trading days. evidence, the Fed will not raise its Fed Funds rate when unem-
ployment rate is above 7.7%, capacity utilization rate is below
Among the more notable events in February were: 80% and the output gap is larger than -3.5%. Currently, these 3
measures stood at 10%, 72% and -6.1% respectively. Hence,
1) Eastern & Oriental has sold 50% of the 298 units made there is strong reason to believe the Fed will continue to focus
available for sale from the first block of its RM1.8 billion on growth at current economic cycle to avoid making a policy
Quayside seafront luxury condos that was officially mistake by exiting the present loose monetary strategy too early.
launched last Saturday.
2) CIMB Bank expects a 22% growth or an additional RM8bn With that, we are seeing market volatility (which is measured by
in retail deposits by year-end, supported by continuous pro- the VIX Index) falling back to December 2009 levels where in-
motion campaigns and new product launches. vestor’s appetite for risk taking is big, implying increasing market
3) IJM Corp Bhd announced that the government agreed that optimism.
the company will bear the RM649m cost to extend Besraya
Highway by 12.3km in return for an extra eight years in con- In Malaysia, 4Q09 GDP growth of +4.5% y-o-y was ahead of
cession period. consensus estimates of +3.2%, prompting a string of upgrades
for its 2010 growth estimates. While we believe the official esti-
4) The volume of corporate bond issuances in Malaysia is mates of +5.0% GDP growth for 2010 is realistic (due to strong
expected to reach between RM45 billion to RM50 billion in consumer confidence, higher government spending and con-
2010, says Malaysian Rating Corporation (MARC). sumption, improving labour market conditions, and rising ex-
5) PT Bank CIMB Niaga (CIMB Niaga) has posted a 131% ports), the government has been more optimistic by setting a
jump in its net profit for FY12/09 to 1.6tr rupiah (RM580.7m) higher internal growth target of 6.0% lately, making Malaysia to
from 678.2bn rupiah (RM246.1m) in the previous corre- be one of the strongest growth economies in Asia for 2010 after
sponding period. China (+10.0%), India (8.0%) and Indonesia (+7.0%). A strong
economic growth momentum is positive for corporate earnings
outlook, and hence, supportive to a more sustainable rally in the
equity market even though valuations are no longer cheap.
Overall, our view remains that the rally in global equity market
still have further legs, underpinned by strong global growth mo-
mentum and capital flows. We believe our FBM KLCI Index
target of 1380 by end-2010 (based on our projected corporate
earnings growth of +19% and target PE of 15x for 2010) is
achievable. Hence, we remain highly invested in equities for
now. The key risks to our strategy are deteriorating global
growth momentum and policy mistakes make by authorities,
which we are monitoring these closely.
Equity Market Strategy
As the recent corporate earning released continues to show
improvement, the portfolio will remain invested. We overweight
construction, telecommunication, technology and financials.
Fund Fact Sheet Mar 2010 Issue

2. REVIEW OF THE LOCAL MARKET (cont.) Fixed Income Outlook
At the Monetary Policy Committee (MPC) meeting on 4 March
Fixed Income 2010, Bank Negara Malaysia (BNM) increased the Overnight Policy
For the month of February, the Malaysian Government Securi- Rate (OPR) by 25 basis points (bps) to 2.25%, as hinted earlier by
ties (MGS) market was flattish due to lack of economic catalysts BNM Governor to begin “normalising” interest rates in a gradual
and Chinese New Year holidays. The 3-year MGS benchmark and measured way after maintaining OPR at a historic low of 2.00%
remained at 3.34% and 10-year MGS benchmark closed 1 basis since April 2009. Amidst ongoing guesses of the quantum of BNM’s
point (bps) lower at 4.26%. However, the 5-year MGS bench- interest rate hike for the year, long-end MGS is expected to be sup-
mark climbed 7bps to 3.82%, as investors geared up for the ported on the back of the prevailing demand-supply dynamics, be-
new 5.5 year MGS auction. Of note, the new 5.5-year MGS nign inflation outlook as well as healthy liquidity in the market. On
benchmark auction fetched a healthy 1.99x bid to cover ratio this backdrop, MGS yield curve may continue to flatten in 1H of the
with an average yield of 3.835%. year as further rate hike expectations will continue to put pressure
on the front-end of the curve.
Meanwhile, Malaysia’s Gross Domestic Product (GDP) re-
bounded in 4Q09, at 4.5% year-on-year (YoY), from -1.2% in In medium term horizon however, policy adjustments on food sub-
3Q09, due to turnaround in exports which rose 7.3% YoY in sidy, alongside with economy recovery may renew inflationary pres-
4Q09 (3Q09: - 13.4%), as well as improvements in consumer sure. Speculation and timing of central banks around the globe
spending and private investment, helped by Government’s unwinding the economy stimulus packages and exit strategies of
stimulus spending. Consumer Price Index (CPI) rose for the the expansionary measures will continue to determine direction of
second month by 1.3% YoY in Jan-10, from +1.1% in Dec-09 the market.
due to the higher base effect wearing off, as well as higher food
For local corporate bond market, pent-up demand and ample liquid-
prices and core inflation.
ity in the market is likely to continue to lend support to credit mar-
For private debt securities market, investors’ risk appetite con- ket, further narrowing the credit spreads, despite imminent interest
tinued to improve as trading was concentrated on non- rate risks. With risk appetites continue to gain momentum, more
Government-related enterprises (GREs) and non-cyclical sec- issuers are expected to come back to the corporate bond market
tors like independent power producers (IPPs), banks, and toll ahead of the full cycle of rate normalization. Given the significant
roads. Trading activities continued to be dominated by “AAA” demand for yield, issuance for corporate bonds is expected to be
and “AA” segments. well received. While high-grade corporate bonds will continue to be
the main interest, market is now more receptive of credit risks in
search for value, alongside with economy recovery.
Fixed Income Strategy
Accumulate selective “AA” and “A”-rated bonds.
LOCAL MARKET KEY DRIVERS
Key Drivers Key Risks Risk Ratings
Local Economy  Strong consumer confidence, higher government  Policy mistake made by authorities. High
spending and consumption, improving labour mar-
ket conditions, and rising exports.
Equity  Concrete corporate earnings upgrade.  Deteriorating global growth momentum. High
Bonds  Pent-up demand for corporate bonds on yield en-  Aggressive tightening of interest rate by the Low
hancement requirement central bank.
Medium
 Increasing risk appetite for credits on sustainable  Renewed inflationary pressure in tandem with
economy recovery price adjustments and economy recovery
 Healthy liquidity in the system
 Continual strong demand for short-duration instru-  Ample liquidity in banking system, resulting in Medium
Money Market ments for yield enhancement continual low Money Market rates despite in-
creasing benchmark rates.
KEY MARKET INDICATORS
Level as at 26/2/2010 Level as at 29/1/2010 MoM Change Level as at 31/12/2009 YTD Change
KLCI 1,270.78 1,259.16 11.62 1,272.78 -2.00
FBM 100 8,327.57 8,249.32 78.25 8,308.89 18.68
FBMEMAS Shariah 8,640.35 8,476.10 164.25 8,509.52 130.83
FBMEMAS 8,560.20 8,484.00 76.2 8,507.61 52.59
Nikkei 10,126.03 10,198.04 -72.01 10,546.44 -420.41
Hang Seng 20,608.70 20,121.99 486.71 21,872.50 -1263.8
Xinhua China 25 17,458.53 17,166.25 292.28 18,905.42 -1446.89
MSCI China 10/40 TR 454.66 445.35 9.309 486.904 -32.241
Taiwan 7,436.10 7,640.44 -204.34 8,188.11 -752.01
Kospi 200 208.36 210.34 -1.98 221.86 -13.50
ASX 4,637.70 4,569.60 68.1 4870.6 -232.90
EURO STOXX 50 2,728.47 2,776.83 -48.36 2,964.96 -236.49
US S&P 500 1,104.49 1,073.87 30.62 1,115.10 -10.61
Fund Fact Sheet Mar 2010 Issue

3. FUNDS SUMMARY (AS AT 26 FEBRUARY 2010)
ING ONEANSWERTM INVESTMENT FUNDS
ING Princi-
ING ING i-
ING Cash pal Pro-
ING Income ING Bon ING Managed ING Diver- ING Shariah ING Blue ING Tacti- Growth ING Ekuiti Enhanced
Plus tected In-
Plus Islam Growth sified Balanced Chip cal Opportuni- Islam Cash
come
ties
NAV as at 28 Feb 2010 0.5882 0.6304 0.6194 0.5448 0.5918 0.4787 0.4802 0.4997 0.4534 0.9954 1.0453 1.0000
Highest NAV* 0.5883 0.6314 0.6955 0.6709 0.6892 0.7839 0.6799 0.7475 0.8549 0.9974 1.0490 1.0000
Lowest NAV* 0.4903 0.4893 0.4677 0.4553 0.4610 0.3573 0.3602 0.3794 0.3492 0.9876 1.0000 1.0000
Actual allocation (%)
Equity - - 54.7 56.1 40.7 90.8 87.7 84.9 85.8 - - -
Cash/fixed income
100 100 45.3 43.9 59.3 9.2 12.3 15.1 14.2 100 100 100
instruments & others
Fund return (%)
Fund 0.15 -0.02 0.21 -0.15 0.32 0.13 0.04 0.04 1.21 0.14 0.11 0.07
1 month
Benchmark 0.08 0.08 0.51 0.60 1.05 0.92 0.92 0.90 1.94 0.15 0.16 0.12
Fund 2.04 1.20 5.06 4.06 2.42 7.03 6.99 7.55 5.04 1.09 0.84 0.62
6 months
Benchmark 1.25 1.25 4.64 4.97 3.59 8.22 8.22 8.03 5.39 0.98 1.03 0.74
Fund 3.17 3.11 14.52 14.29 9.86 27.10 26.42 26.97 24.70 2.44 1.74 1.33
1 year
Benchmark 1.82 1.82 21.96 24.48 21.17 42.68 42.68 46.40 41.96 2.01 2.14 1.51
Fund 6.93 8.75 9.70 -7.81 2.15 13.56 -6.54 -19.75 8.25 8.87 - -
3 years
Benchmark 11.49 11.49 10.48 9.47 14.31 6.21 6.21 7.67 8.14 8.27 - -
Fund 20.43 22.29 33.70 11.68 20.50 51.6 1.93 0.32 48.94 - - -
5 years
Benchmark 23.32 23.32 33.23 31.50 36.63 40.05 40.05 39.15 40.36 - - -
* Since inception. Funds under ING OneAnswerTM = 23 April 2004, ING Cash Plus = 26 October 2006, ING i-Enhanced Cash = 2 August 2007, ING Principal Protected Income = 12 May 2008
Fund return source: Lipper Hindsight 5.43 on 8/3/2010.
Benchmark:
ING Cash Plus = Maybank 1-month FD rate, ING i-Enhanced Cash = Maybank 1-month General Investment Account (GIA) rate, ING Income Plus & ING Bon Islam = All MGS Index, Managed Growth = FTSE Bursa
Malaysia Top 100 Index (50%) & All MGS Index (50%), ING Diversified = FTSE Bursa Malaysia Top 00 Index (55%) & Maybank 12-month FD Rate (45%), ING Shariah Balanced = FTSE Bursa Malaysia Shariah
Emas Index (50%) & Government Investment Issue (3-7 years) (50%), ING Blue Chip, ING Tactical & ING Growth Opportunities = FTSE Bursa Malaysia Top 100 Index, ING Ekuiti Islam = FTSE Bursa Malaysia
Emas Shariah Index
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein is derived from sources believed to be reliable. ING Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising
from or in reliance upon whole or any part of this document. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Please read and understand the ING OneAnswerTM Master Pro-
spectus incorporating ING i -Enhanced Cash and ING Cash Plus dated 23 April 2009, ING OneAnswerTM Supplementary Master Prospectus dated 16 October 2009 and ING Principal Protected Income Information Memorandum
dated 12 May 2009. The Master Prospectus, Supplementary Master Prospectus and Information Memorandum have been registered / deposited with the Securities Commission, who takes no responsibility for its contents. A copy of
the Master / Supplementary Master Prospectus and Information Memorandum can be obtained at our office or any of our authorized distributors listed under the corporate directory in the Master / Supplementary Master Prospectus
and Information Memorandum. Investment involves risk including a possible loss to the principal amount invested. Please refer to the Master / Supplementary Master Prospectuses and Information Memorandum for principal risks of
investing in the respective funds. Before investing you should consider the fees and charges involved. The price of units and distribution payable, if any, may go down as well as up. The past performance of the Fund should not be
taken as indicative of its future performance. Units will only be issued upon receipt of an application form referred to in and accompanying the Supplementary Master Prospectus or Information Memorandum. ING Principal Protected
Income is a wholesale fund which is open to qualified investors only. ‘Qualified investors’ has the same meaning as is assigned to that expression in the ING Principal Protected Income Information Memorandum and in the Guidelines
on Wholesale Funds issued by the Securities Commission. If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.
Fund Fact Sheet Mar 2010 Issue I Pg 3

4. FUNDS SUMMARY (AS AT 26 FEBRUARY 2010)
ING Baraka ING Baraka ING Baraka ING Annual ING Annual ING Struc- ING Global ING Global ING Global ING China
Capital Pro- Capital Commodities Alpha Access Income tured Income Emerging Real Estate Dividend Access
tected Protected II Capital Capital Climate Fund Markets Debt
Protected Protected Structured
NAV as at 28 Feb 2010 0.9920 0.9916 0.9815 0.9673 1.1884 0.9875 0.5067 0.3013 0.3165 0.4878
Highest NAV* 0.9920 0.9918 1.0011 0.9862 1.2782 1.0011 0.5167 0.5644 0.4853 0.5603
Lowest NAV* 0.9307 0.9290 0.9477 0.9272 0.9100 0.9866 0.4398 0.1797 0.2145 0.2672
Actual allocation (%)
Equity - - - - - - - - - -
Cash/fixed income 100 100 100 100 100 100 100 100 100 100
instruments & others
Fund return (%)
1 month Fund 0.07 0.03 -0.09 -0.03 0.66 -0.09 -0.71 1.13 0.51 0.96
Benchmark 0.20 0.20 0.20 0.19 0.20 0.19 -0.14 2.15 1.07 1.94
6 months Fund 0.66 0.68 0.15 0.10 5.08 - -1.29 -0.42 1.31 -1.62
Benchmark 1.27 1.27 1.27 1.23 1.27 - -0.92 1.64 0.96 4.13
1 year Fund 1.65 1.34 -0.11 -0.17 27.76 - 9.46 55.28 35.53 51.31
Benchmark 2.61 2.61 2.61 2.49 2.61 - 10.47 61.79 38.64 63.49
3 years Fund - - - - - - - -37.96 - -
Benchmark - - - - - - - -47.33 - -
5 years Fund - - - - - - - - - -
Benchmark - - - - - - - - - -
* Since inception. ING Baraka Capital Protected = 9 May 2007, ING Baraka Capital Protected II = 30 July 2007, ING Baraka Commodities Capital Protected = 2 October 2007, ING Annual Alpha Access Capital Pro-
tected = 8 April 2008, ING Annual Income Climate Structured = 10 September 2008, ING Global Emerging Markets Debt = 22 July 2008, ING Global Real Estate = 18 July 2006, ING Global Dividend = 19 March
2007, ING China Access = 11 January 2008, ING Structured Income Fund = 28 October 2009.
Fund return source: Lipper Hindsight 5.43 on 8/3/2010.
Benchmark:
ING Baraka Capital Protected, ING Baraka Capital Protected II, ING Baraka Commodities Capital Protected, ING Annual Income Climate Structured Fund = Maybank 12-month General Investment Account (GIA) rate,
ING Annual Alpha Access Capital Protected , ING Structured Income Fund = Maybank 12-month FD rate, ING Global Emerging Markets Debt = JP Morgan Emerging Local Market Index (ELMI), ING Global Real Es-
tate = Standard & Poor (S&P) Developed Property Index, ING Global Dividend = MSCI World Index, ING China Access = MSCI China 10/40 Index.
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein is derived from sources believed to be reliable. ING Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising
from or in reliance upon whole or any part of this document. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Please read and understand the ING Master Prospectus incorpo-
rating ING Global Real Estate, ING Global Dividend, ING China Access & ING Global Emerging Markets Debt dated 18 July 2009, ING Baraka Capital Protected Prospectus dated 9 May 2007, ING Baraka Capital Protected II Pro-
spectus dated 30 July 2007, ING Baraka Commodities Capital Protected Prospectus dated 2 October 2007, ING Annual Alpha Access Capital Protected Prospectus dated 8 April 2008, ING Annual Income Climate Structured Fund
Prospectus dated 10 September 2008 and ING Structured Income Fund dated 28 October 2009. The Master Prospectus and Prospectus have been registered / deposited with the Securities Commission, who takes no responsibility
for its contents. A copy of the Master Prospectus and Prospectus can be obtained at our office or any of our authorized distributors listed under the corporate directory in the Master Prospectus and Prospectus. Investment involves
risk including a possible loss to the principal amount invested. Please refer to the Master Prospectuses and Prospectus for principal risks of investing in the respective funds. Before investing you should consider the fees and
charges involved. The price of units and distribution payable, if any, may go down as well as up. The past performance of the Fund should not be taken as indicative of its future performance. Units will only be issued upon receipt of
an application form referred to in and accompanying the Master Prospectus or Prospectus. No units are available for subscription for ING Baraka Capital Protected, ING Baraka Capital Protected II, ING Annual Alpha Access Capital
Protected, ING Annual Climate Income Structured Fund and ING Structured Income Fund because their Offer Periods have ended. If you are in doubt when considering the investment or the information provided, you are advised to
consult a professional adviser.
Fund Fact Sheet Mar 2010 Issue I Pg 4

5. ING FUNDS
MAR 2010
ING BARAKA CAPITAL PROTECTED
To give you 100% capital protection and exposure to key global Islamic equity markets. At the end of the Fund’s
maturity period, the Fund will return unit holders’ initial capital plus returns from the offshore investments, if any.
THE FUND IS SUITABLE FOR INVESTORS WHO: SECTOR ALLOCATION* (as at 25 Feb 2010)
 Are seeking to preserve the value of their capital. 2
 Want to participate and benefit from the potential upside of foreign 1
Islamic Negotiable Instru-
ments
99.9%
Shariah-compliant equity markets.
2 FD/Cash 0.1%
 Wish to diversify their investment locally and abroad.
 Have low to moderate risk tolerance.
1
MANAGER’S COMMENTS (Review Period: Feb 2010) * As percentage of NAV. Asset exposure for the fund is subject to frequent
change on a daily basis
The Fund registered a return of 0.07% for the month of February 2010,
underperforming its benchmark which returned 0.20%. The underperfor- PERFORMANCE RECORD
mance is mainly due to the Fund effectively holding only fixed income Percentage growth of investment made on 9 May 07 at 26 Feb 2010
instruments as its options currently do not provide any contribution to its with dividend reinvested, NAV-NAV basis.
returns. The Fund continues to deliver capital preservation.
10.0
Maybank 12 Months GIA-i Tier I Rate = 8.7%
7.5
FUND DETAILS
5.0
Unit NAV (25 Feb 2010) RM 0.9920 Percentage Growth
Highest NAV (Since Inception) RM 0.9920 2.5
ING Baraka Capital Protected = 0.8%
Lowest NAV (Since Inception) RM 0.9307
0.0
Fund Size (25 Feb 2010) RM 400.323 mil
Fund Currency Ringgit Malaysia -2.5
Fund Launch 9 May 2007 -5.0
Fund Commencement 3 July 2007
-7.5
Annual Management Fee 1.00% of NAV of the Fund 07/07 01/08 07/08 01/09 07/09
Trustee Fee 0.08% of NAV of the Fund or a minimum Total Return From 09/05/2007 To 26/02/2010
of RM18,000 p.a.
Source: Lipper Hindsight 5.43 on 8/3/10
Exit Fee Before 18th month from the commence- The value of units may go down as well as up. Past performance is not
ment date: 2.50% indicative of future results.
On or after 18th month from the com- PERFORMANCE TABLE (%) (as at 26 Feb 2010)
mencement date: 1.50%
1-mth 6-mth 1-yr Since
On maturity date: Nil Launch
Maximum Initial Charge 1.5% of NAV per unit Fund 0.07 0.66 1.65 0.76
Redemption Payment Period Up to 10 days
Benchmark* 0.20 1.27 2.61 8.69
Maturity Payment Period 2 months from Maturity Date
* Maybank 12-month GIA rate . Source: Lipper Hindsight 5.43 on 8/3/10
Investment Manager ING Funds Berhad
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Capital Protected is a capital protected fund. No units are
available for subscription because the offer period for ING Baraka Capital Protected fund was 9 May 2007 – 22 June 2007. The Maturity Date of the Fund is on the 3rd Anniver-
sary of the Fund which is expected to be 7 July 2010. The capital protection only applies to unit holders who hold their investment until maturity date. Any redemption before the
maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection objective, the Fund invests in Ringgit denomi-
nated Islamic Negotiable Instruments. Due to this, there may be dilution of performance due to the capital protection structure being in place compared to a conventional fund
without capital protection. This fund is not guaranteed and is subject to risks. Principal risks of the Fund are early termination risk, currency risk, country risk, interest rate risk,
concentration risk, credit risk, market risk and liquidity risk. The ING Baraka Capital Protected Prospectus dated 9 May 2007 has been registered with Securities Commission,
who takes no responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed under the Corporate Directory
in the Prospectus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the information provided, investors
should seek professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 5

6. ING FUNDS
MAR 2010
ING BARAKA CAPITAL PROTECTED
REVIEW OF SGAM AI BARAKA INDEX TOP 10 HOLDINGS (as at 26 Feb 2010)
(Review Period: Feb 2010) Company %
Novartis AG 3.77
The SGAM AI Baraka Index returned 0.24% in February, gaining Cardinal Health Inc 3.65
over 30% since last year.
SGS S.A. 3.56
In Europe, the Greek government is trying hard to convince the mar- Procter & Gamble Co. 3.56
kets but, equally important its EU compatriots, that it is serious in its NTT DoCoMo Inc 3.51
intentions to tackle its fiscal problems. The reaction of the markets, China Mobile Ltd 3.50
as expressed in the CDS spreads, remains one of skepticism. What
M. Ericcsson Telephone Co. Series 3.48
is more, this fever is dragging down the debt of other countries per-
ceived to be lacking credibility, namely Portugal and even Spain. MTN Group Ltd 3.48
AGL Energy Ltd 3.45
Looking at unemployment, the weather is playing havoc with short Roche Holding AG Part. Cert 3.42
term data at the start of this year. In the USA, the unexpected uptick
in initial jobless claims has raised fears that the improvement in the Sector Stocks
US job market is losing momentum. Weather could hurt employment
again in February but offsetting this will be the hiring of Census work- Abbott Laboratories
ers which will continue up to May. The tension between these two Astrazeneca PLC
opposing factors will obscure the underlying trend but a sense of
what that trend might be will be a key ingredient to the timing of the Eli Lilly & Co.
next steps in the Fed's exit strategy. Health Care GlaxoSmithKline PLC
Johnson & Johnson
Novartis AG
SECTOR ALLOCATION (as at 26 Feb 2010)
Roche Holding AG Part. Cert.
Healthcare 23.33%
Cardinal Health Inc.
Consumer Services 20.00%
Dun & Bradstreet Corp.
Telecoms 13.33%
Esprit Holdings Ltd.
Consumer Goods 10.00% Consumer Services
Next PLC
Technology 10.00% Shimamura Co. Ltd.
Industrials 10.00% Shoppers Drug Mart Corp.
Basic M aterials 6.67% China Mobile Ltd.
Utilit ies 6.67% KDDI Corp.
Telecommunications
MTN Group Ltd.
GEOGRAPHICAL ALLOCATION (as at 26 Feb 2010) NTT DoCoMo Inc.
United States 30.00% Coca-Cola Co.
Japan 16.67% Consumer Goods Kimberly-Clark Corp.
United Kingdo m 13.33%
Procter & Gamble Co.
Switzerland 10.00%
Automatic Data Processing Inc.
Ho ng Ko ng 10.00%
A ustralia 6.67% Industrials SGS S.A.
Sweden 3.33% Yamato Holdings Co. Ltd.
So uth A frica 3.33% Capgemini
France 3.33%
Technology M. Ericsson Telephone Co. Series
Canada 3.33%
NTT Data Corp.
OneSteel Ltd
Source: Commentary and information on SGAM AI Baraka Index provided by Basic Materials
Societe Generale Asset Management (SGAM)
Yanzhou Coal Mining Co. Ltd.
AGL Energy Ltd.
Utilities
Drax Group PLC
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Capital Protected is a capital protected fund. No units are
available for subscription because the offer period for ING Baraka Capital Protected fund was 9 May 2007 – 22 June 2007. The Maturity Date of the Fund is on the 3rd Anniver-
sary of the Fund which is expected to be 7 July 2010. The capital protection only applies to unit holders who hold their investment until maturity date. Any redemption before the
maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection objective, the Fund invests in Ringgit denomi-
nated Islamic Negotiable Instruments. Due to this, there may be dilution of performance due to the capital protection structure being in place compared to a conventional fund
without capital protection. This fund is not guaranteed and is subject to risks. Principal risks of the Fund are early termination risk, currency risk, country risk, interest rate risk,
concentration risk, credit risk, market risk and liquidity risk. The ING Baraka Capital Protected Prospectus dated 9 May 2007 has been registered with Securities Commission,
who takes no responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed under the Corporate Directory
in the Prospectus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the information provided, investors
should seek professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 6

7. ING FUNDS
MAR 2010
ING BARAKA CAPITAL PROTECTED II
To give you 100% capital protection and exposure to key global Islamic equity markets. At the end of the Fund’s
maturity period, the Fund will return unit holders’ initial capital plus returns from the offshore investments, if any.
THE FUND IS SUITABLE FOR INVESTORS WHO: SECTOR ALLOCATION* (as at 25 Feb 2010)
 Are seeking to preserve the value of their capital. 23
1
Islamic Negotiable Instru-
99.6%
 Want to participate and benefit from the potential upside of foreign ments
Shariah-compliant equity markets. Collective Investment
2 0.3%
 Wish to diversify their investment locally and abroad.
Scheme - Local
 Have low to moderate risk tolerance
3 FD/Cash 0.1%
1
MANAGER’S COMMENTS (Review period: Feb 2010) * As percentage of NAV. Asset exposure for the fund is subject to frequent
change on a daily basis
The Fund registered a return of 0.03% for the month of February 2010,
underperforming its benchmark which returned 0.20%. The underperfor- PERFORMANCE RECORD
mance is mainly due to the Fund effectively holding only fixed income Percentage growth of investment made on 30 Jul 07 at 26 Feb 2010
instruments as its options currently do not provide any contribution to its with dividend reinvested, NAV-NAV basis.
returns. The Fund continues to deliver capital preservation.
10.0
Maybank 12 Months GIA-i Tier I Rate = 7.8%
7.5
FUND DETAILS
Percentage Growth
Unit NAV (25 Feb 2010) RM 0.9916 5.0
Highest NAV (Since Inception) RM 0.9918 2.5
Lowest NAV (Since Inception) RM 0.9290 ING Baraka Capital Protected 2 = 0.7%
0.0
Fund Size (25 Feb 2010) RM 247.125 mil
Fund Currency Ringgit Malaysia -2.5
Fund Launch 30 July 2007 -5.0
Fund Commencement 21 September 2007
-7.5
Annual management Fee 1.00% of NAV of the Fund 01/08 07/08 01/09 07/09
942 Days From 30/07/2007 To 26/02/2010
Trustee Fee 0.08% of NAV of the Fund or a minimum
of RM18,000 p.a.
Source: Lipper Hindsight 5.433 on 8/3/10
Exit Fee 2.50% (Before 18th month from the com- The value of units may go down as well as up. Past performance is not
mencement date) indicative of future results.
1.50% (On or after 18th month from the PERFORMANCE TABLE (%) (as at 26 Feb 2010)
commencement date)
1-mth 6-mth 1-yr Since
Nil. (On maturity date) Launch
Maximum Initial Charge 1.5% of NAV per unit Fund 0.03 0.68 1.34 0.68
Redemption Payment Period Up to 10 days Benchmark* 0.20 1.27 2.61 7.78
Maturity Payment Period 2 months from Maturity Date
* Maybank 12-month GIA rate . Source: Lipper Hindsight 5.43 on 8/3/10
Investment Manager ING Funds Berhad
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Capital Protected II is a capital protected fund. No units are
available for subscription because the offer period for ING Baraka Capital Protected II fund was 30 July 2007 – 12 September 2007. The Maturity Date of the Fund is on the 3rd
Anniversary of the Fund which is expected to be 14 September 2010. The capital protection only applies to unit holders who hold their investment until maturity date. Any re-
demption before the maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection objective, the Fund
invests in Ringgit denominated Islamic Negotiable Instruments. Due to this, there may be dilution of performance due to the capital protection structure being in place compared
to a conventional fund without capital protection. This fund is not guaranteed and is subject to risks. Principal risks of the Fund are early termination risk, currency risk, country
risk, interest rate risk, concentration risk, credit risk, market risk and liquidity risk. The ING Baraka Capital Protected II Prospectus dated 30 July 2007 has been registered with
Securities Commission, who takes no responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed
under the Corporate Directory in the Prospectus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the
information provided, investors should seek professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 7

8. ING FUNDS
MAR 2010
ING BARAKA CAPITAL PROTECTED II
REVIEW OF SGAM AI BARAKA INDEX TOP 10 HOLDINGS (as at 26 Feb 2010)
(Review Period: Feb 2010) Company %
Novartis AG 3.77
The SGAM AI Baraka Index returned 0.24% in February, gaining Cardinal Health Inc 3.65
over 30% since last year.
SGS S.A. 3.56
In Europe, the Greek government is trying hard to convince the mar- Procter & Gamble Co. 3.56
kets but, equally important its EU compatriots, that it is serious in its NTT DoCoMo Inc 3.51
intentions to tackle its fiscal problems. The reaction of the markets, China Mobile Ltd 3.50
as expressed in the CDS spreads, remains one of skepticism. What
M. Ericcsson Telephone Co. Series 3.48
is more, this fever is dragging down the debt of other countries per-
ceived to be lacking credibility, namely Portugal and even Spain. MTN Group Ltd 3.48
AGL Energy Ltd 3.45
Looking at unemployment, the weather is playing havoc with short Roche Holding AG Part. Cert 3.42
term data at the start of this year. In the USA, the unexpected uptick
in initial jobless claims has raised fears that the improvement in the Sector Stocks
US job market is losing momentum. Weather could hurt employment
again in February but offsetting this will be the hiring of Census work- Abbott Laboratories
ers which will continue up to May. The tension between these two Astrazeneca PLC
opposing factors will obscure the underlying trend but a sense of
what that trend might be will be a key ingredient to the timing of the Eli Lilly & Co.
next steps in the Fed's exit strategy. Health Care GlaxoSmithKline PLC
Johnson & Johnson
Novartis AG
SECTOR ALLOCATION (as at 26 Feb 2010)
Roche Holding AG Part. Cert.
Healthcare 23.33%
Cardinal Health Inc.
Consumer Services 20.00%
Dun & Bradstreet Corp.
Telecoms 13.33%
Esprit Holdings Ltd.
Consumer Goods 10.00% Consumer Services
Next PLC
Technology 10.00% Shimamura Co. Ltd.
Industrials 10.00% Shoppers Drug Mart Corp.
Basic M aterials 6.67% China Mobile Ltd.
Utilit ies 6.67% KDDI Corp.
Telecommunications
MTN Group Ltd.
GEOGRAPHICAL ALLOCATION (as at 26 Feb 2010) NTT DoCoMo Inc.
United States 30.00% Coca-Cola Co.
Japan 16.67% Consumer Goods Kimberly-Clark Corp.
United Kingdo m 13.33%
Procter & Gamble Co.
Switzerland 10.00%
Automatic Data Processing Inc.
Ho ng Ko ng 10.00%
A ustralia 6.67% Industrials SGS S.A.
Sweden 3.33% Yamato Holdings Co. Ltd.
So uth A frica 3.33% Capgemini
France 3.33%
Technology M. Ericsson Telephone Co. Series
Canada 3.30%
NTT Data Corp.
OneSteel Ltd
Source: Commentary and information on SGAM AI Baraka Index provided by Basic Materials
Societe Generale Asset Management (SGAM)
Yanzhou Coal Mining Co. Ltd.
AGL Energy Ltd.
Utilities
Drax Group PLC
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Capital Protected II is a capital protected fund. No units are
available for subscription because the offer period for ING Baraka Capital Protected II fund was 30 July 2007 – 12 September 2007. The Maturity Date of the Fund is on the 3rd
Anniversary of the Fund which is expected to be 14 September 2010. The capital protection only applies to unit holders who hold their investment until maturity date. Any re-
demption before the maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection objective, the Fund
invests in Ringgit denominated Islamic Negotiable Instruments. Due to this, there may be dilution of performance due to the capital protection structure being in place compared
to a conventional fund without capital protection. This fund is not guaranteed and is subject to risks. Principal risks of the Fund are early termination risk, currency risk, country
risk, interest rate risk, concentration risk, credit risk, market risk and liquidity risk. The ING Baraka Capital Protected II Prospectus dated 30 July 2007 has been registered with
Securities Commission, who takes no responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed
under the Corporate Directory in the Prospectus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the
information provided, investors should seek professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 8

9. ING FUNDS
MAR 2010
ING BARAKA COMMODITIES CAPITAL PROTECTED
To give 100% capital protection and exposure to global Shariah compliant stocks linked to commodity market. At
the end of the Fund’s maturity period, the Fund will return your initial capital plus returns from the offshore invest-
ments, if any.
THE FUND IS SUITABLE FOR INVESTORS WHO: ASSET ALLOCATION* (as at 25 Feb 2010)
 Are seeking to preserve the value of their capital. 23 Shariah-compliant financial
1 99.4%
 Want to participate and benefit from the potential upside of instruments
global Shariah-compliant equities. SGAM Baraka Commodity
2 0.5%
 Wish to diversify their investment locally and abroad. Option
 Have low to moderate risk tolerance. 3 FD/Cash 0.1%
MANAGER’S COMMENTS (Review Period: Feb 2010) 1
* As percentage of NAV. Asset exposure for the fund is subject to frequent
The fund registered a return of -0.09% for the month of January 2010, change on a daily basis
underperforming its benchmark which returned 0.20%. The underperfor-
mance is mainly due to the fund effectively holding only fixed income in- PERFORMANCE RECORD
struments as its options currently provide only marginal contribution to its Percentage growth of investment made on 2 Oct 07 at 26 Feb 2010
returns. The fund continues to deliver capital preservation. with dividend reinvested, NAV-NAV basis.
7.5
Maybank 12 Months GIA-i Tier I Rate = 7.1%
FUND DETAILS 5.0
Unit NAV (25 Feb 2010) RM 0.9815
Percentage Growth
Highest NAV (Since Inception) RM 1.0011 2.5
Lowest NAV (Since Inception) RM 0.9477
ING Baraka Commodities
Fund Size (25 Feb 2010) RM 254.573 mil 0.0 Capital Protected = - 0.5%
Fund Currency Ringgit Malaysia
Fund Launch 2 October 2007 -2.5
Fund Commencement 26 November 2007
Annual Management Fee 1.00% of NAV of the Fund -5.0
01/08 07/08 01/09 07/09
Trustee Fee 0.08% of NAV of the Fund or a minimum Total Return From 02/10/2007 To 26/02/2010
of RM18,000 p.a.
Exit Fee 2.50% (Before 18th month from the com- Source: Lipper Hindsight 5.43 on 8/3/10
mencement date) The value of units may go down as well as up. Past performance is not
indicative of future results.
1.50% (On or after 18th month from the
commencement date)
PERFORMANCE TABLE (%) (as at 26 Feb 2010)
Nil. (On maturity date)
1-mth 6-mth 1-yr Since
Maximum Initial Charge 1.5% of NAV per unit Launch
Redemption Payment Period Up to 10 days Fund -0.09 0.15 -0.11 -0.47
Maturity Payment Period 2 months from Maturity Date
Benchmark* 0.20 1.27 2.61 7.10
Investment Manager ING Funds Berhad
* Maybank 12-month GIA rate , Source: Lipper Hindsight 5.43 on 8/3/10
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Commodities Capital Protected is a capital protected fund.
No units are available for subscription because the offer period for ING Baraka Commodities Capital Protected fund was 2 October 2007 – 15 November 2007. The Maturity Date
of the Fund is on the 3rd Anniversary of the Fund which is expected to be 25 November 2010. The capital protection only applies to unit holders who hold their investment until
maturity date. Any redemption before the maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection
objective, the Fund invests in Ringgit denominated Shariah-compliant financial instruments. Due to this, there may be dilution of performance due to the capital protection struc-
ture being in place compared to a conventional fund without capital protection. This fund is not guaranteed and is subject to risks. Principal risks of the Fund are early termination
risk, currency risk, country risk, interest rate risk, concentration risk, credit risk, market risk, liquidity risk, downgrade risk of issuers, capital protection risk and reclassification of
Shariah status risk. A copy of the ING Baraka Commodities Capital Protected Prospectus dated 2 October 2007 has been registered with Securities Commission, who takes no
responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed under the Corporate Directory in the Prospec-
tus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the information provided, investors should seek
professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 9

10. ING FUNDS
MAR 2010
ING BARAKA COMMODITIES CAPITAL PROTECTED
REVIEW OF SGAM AI BARAKA COMMODITY INDEX TOP 10 HOLDINGS (as at 26 Feb 2010)
(Review Period: Feb 2010) Company %
ArcelorMittal South Africa Ltd 3.62
The SGAM AI Baraka Commodity Index gained 0.61% in February, China Coal Energy Co. Ltd 3.60
gaining 29.61% since last year.
WorleyParsons Ltd 3.57
Front-month crude prices have once again been volatile, and have Yanzhou Coal Mining Co. Ltd 3.49
lost some ground at the end of the month. Prices fell mainly due to Sino-Forest Corp. 3.46
negative macroeconomic data flow, which drove concerns and
Albermarle Corp. 3.46
doubts about the economic and oil demand recovery this year. De-
spite current negative sentiment in the oil markets, SG Research’s StatoilHydro ASA 3.41
view is that the $70-85 range will hold in the near term. The price E.I. Dupont de Nemours & Co. 3.40
floor is still being set by expected economic and oil demand growth, Nucor Corp. 3.38
more OPEC cuts if needed (in actual crude, not quotas), and bullish
longer-term fundamentals. Compass Minerals International Inc. 3.36
On the other hand, aluminum remains the most challenged of the Sector Stocks
LME base metals in terms of over supply, with little prospect of im- Agrium Inc.
provement during 2010. For 2009, it was estimated that the Alumi-
num market faced a surplus of 3.3 million tones, equivalent to 5 Air Products & Chemicals Inc.
weeks global consumption. While undoubtedly aluminum demand Albemarle Corp.
growth is rebounding strongly China, concerns still exist for demand
elsewhere. A significant surplus is a downside risk on prices over the ArcelorMittal South Africa Ltd.
medium term.
BHP Billiton Ltd.
BlueScope Steel Ltd.
SECTOR ALLOCATION (as at 26 Feb 2010)
China Coal Energy Co. Ltd.
B asic Compass Minerals International Inc.
6 0 .0 0 %
M at er i al s
E.I. DuPont de Nemours & Co.
Basic Material
Gold Fields Ltd.
O il & Gas 4 0 .0 0 % Nitto Denko Corp.
Nucor Corp.
Orica Ltd.
GEOGRAPHICAL ALLOCATION (as at 26 Feb 2010)
Salzgitter AG
So ut h A f r i ca 10 . 0 0 %
Sino-Forest Corp.
Ho ng Ko ng 10 . 0 0 %
C anad a
Syngenta AG
10 . 0 0 %
Ger many 6 .6 7% Wacker Chemie AG
T ur key 3 .3 3 % Yanzhou Coal Mining Co. Ltd.
Sw it z er l and 3 .3 3 %
Canadian Oil Sands Trust
N o r w ay 3 .3 3 %
CNOOC Ltd.
N et her land s 3 .3 3 %
Jap an 3 .3 3 % Diamond Offshore Drilling Inc.
F r ance 3 .3 3 % ENI S.p.A.
It aly 3 .3 3 %
Fugro N.V.
Occidental Petroleum Corp.
Source: Commentary and fund information provided by Societe Generale Oil & Gas
Asset Management (SGAM) Sasol Ltd.
StatoilHydro ASA
Tidewater Inc.
Total S.A.
Turkiye Petrol Rafinerileri A.S.
WorleyParsons Ltd.
This monthly factsheet is prepared by ING Funds Berhad. It is not intended to be an offer or invitation to subscribe or purchase of units.
The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. ING
Funds Berhad makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from or in reliance upon whole or
any part of this document. Expressions of opinion contained in this document are those of ING Funds and its investment managers and the information contained herein is current
as at the date of publication. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Past performance of funds is not indicative
of its future performance. The price of units and distribution payable, if any, may go down as well as up. ING Baraka Commodities Capital Protected is a capital protected fund.
No units are available for subscription because the offer period for ING Baraka Commodities Capital Protected fund was 2 October 2007 – 15 November 2007. The Maturity Date
of the Fund is on the 3rd Anniversary of the Fund which is expected to be 25 November 2010. The capital protection only applies to unit holders who hold their investment until
maturity date. Any redemption before the maturity date would be based on the NAV of the fund on that day and would be charged an exit fee. To achieve its capital protection
objective, the Fund invests in Ringgit denominated Shariah-compliant financial instruments. Due to this, there may be dilution of performance due to the capital protection struc-
ture being in place compared to a conventional fund without capital protection. Investments involve risk This fund is not guaranteed and is subject to risks. Principal risks of the
Fund are early termination risk, currency risk, country risk, interest rate risk, concentration risk, credit risk, market risk, liquidity risk, downgrade risk of issuers, capital protection
risk and reclassification of Shariah status risk. A copy of the ING Baraka Commodities Capital Protected Prospectus dated 2 October 2007 has been registered with Securities
Commission, who takes no responsibility for its contents. A copy of the Prospectuses can be obtained from ING Funds offices or any of our authorized distributors as listed under the
Corporate Directory in the Prospectus. Investors are advised to read the Prospectus for further details of the capital protection structure. If investors are in doubt about the information
provided, investors should seek professional advice.
Fund Fact Sheet Mar 2010 Issue I Pg 10