ING ARIA - Lion Aggressive J Acc

The objective of the Sub-Fund is to seek exposure to equities primarily via open-ended UCITS (Undertakings for Collective Investment in Transferable Securities) / UCIs (Undertakings for Collective Investment). The aim of this Sub-Fund is to provide long-term capital growth while seeking performance linked primarily to the equities. The purpose of the Sub-Fund is limited to passive investment in, and administration of, assets on behalf of investors, i.e. any active entrepreneurial management of the assets is excluded. The Sub-Fund foresees principally to invest in UCITS/UCIs domiciled in member states of the European Union. The exposure (direct and indirect) to equities will be at least 90% of the Sub-Fund’s net assets. The exposure (direct and indirect) to other asset classes, such as (but not limited to) commodities and debt instruments, will not exceed 10%. The exposure to commodities would be gained, up to a maximum of 10%, via investments in eligible Exchange Traded Funds or via eligible target funds, as indicated and as compliant with the eligibility criteria described in Chapter II, B, II, f) of the Prospectus. The Sub-Fund will not invest in Asset Backed Securities (“ABS”), Mortgage Backed Securities (“MBS”), Contingent Convertible Bonds (“CoCos”) more than 20% (maximum aggregated value) of its Net Asset Value. The investment in financial derivative instruments will be performed for hedging and efficient portfolio management purposes and not for investment purposes. The Sub-Fund may then invest in forward exchange agreements and listed derivatives (such as futures) only. When entering into forward exchange agreements, the counterparty risk will be managed by either: (a) Entering into open-ended transactions, so they can be unwound at all times, meaning that as soon as the cumulated mark-to-market value gets close to the limits set forth by the Management Company, which is below the limits described in Chapter II. B, V, a) of the Prospectus, such instruments can be terminated upon decision of the Management Company and unrealized profits/losses paid respectively to the Sub-Fund or counterparties. As a consequence, the Sub-Fund will not need to collateralise these OTC transactions and the Sub-Fund will be able to comply at all times with the limits set forth in Luxembourg regulations. (b) Or, accept cash collateral only so as to be able to comply at all times with the limits described in Chapter II. B, V, a) of the Prospectus. Currently, the Company does not use efficient portfolio management techniques as described in Chapter II. B of the Prospectus. As a result of the above, the Sub-Fund shall not put any haircut policy in place. The Net Asset Value ("NAV") is calculated daily as of each Business Day (each a "Valuation Day"). The calculation day is the Business Day following the Valuation Day. The Reference Currency of the Sub-Fund is Euro.