Benefit from the Expertise of Carefully Selected Managers

Promotional document

Benefit from the expertise of carefully selected managers

ING Core Fund Conservative is a sub-fund of the Belgian-based Sicav ING (B) Collect Portfolio. I N V E S T M E N T M AN A G E M E N T

Investing successfully means making the right choices ING Core Fund Dynamic offers you: You want to generate the best possible return on your investments but without taking unnecessary risks. • Broad and international diversification Closely monitoring the financial markets and spreading • Investment in sub-funds with qualities, spread over your investments to make the most of the financial and several asset categories economic trends takes a lot of time and expertise. • Active management, based on ING Belgium’s invest- What is more, it is far from easy to select funds meeting ment strategy the highest of quality standards from among the wide • Detailed quarterly reports range of investment funds on offer in the market.

... but you should also consider the following The expertise of carefully selected managers • Investors do not have a guarantee or capital As a promoter, ING Belgium provides you with a unique protection. The value of investments may rise or solution in offering you the ING Core Fund Conservative, a fall, meaning that investors may yield less than they sub-fund of the ING (B) Collect Portfolio investment com- have subscribed. pany with variable capital incorporated under Belgian law. • Investors . The ING Core Fund Conservative invests in funds selected do not receive a guaranteed return The net asset value of the sub-fund may rise or fall for their high quality: ‘core funds’1. depending on fluctuations in the international equity Specialists from ING Belgium select these ‘core funds’ from and bond markets. the portfolios offered by five leading asset management • . The sub-fund invests in firms: Amundi, Franklin Templeton Investments, NN Invest- Market risk: Medium shares and bonds. The net asset value is therefore ment Partners, Axa Investment Managers and BlackRock. sensitive to fluctuations in the equity and bond mar- These fund managers operate globally and have proven kets, and other specific risks of this type of invest- expertise. It is also possible to invest in Exchange-Traded ment. Funds (ETFs are listed funds which typically replicate an equity or bond index). • Credit risk: Medium. Credit risk is the risk that the counterparty of the underlying investments may not Selection is undertaken by applying a rigorous method- be able to meet its obligations. ology, which includes the services of independent fund assessors. • Liquidity risk: Medium. Liquidity risks arise when a given underlying investment is difficult to sell, threatening the repayment of your investment in the sub-fund. • Foreign exchange risk: Medium. The sub-fund invests worldwide, so the fund results may be affected by exchange rate fluctuations.

The prospectus contains a detailed description of the risks.

1 Based on ING Belgium’s investment strategy (determining which bonds and equities, region, sector, etc., should be given priority), we choose from the selected investment funds, those which best capitalise on market trends: our core funds. Promotional document

Investment goals of ING Core Fund Conservative Investment process With ING Core Fund Conservative you invest globally, The Sicav ING B Collect Portfolio appoints NN Investment with your investments being spread between bonds and Partners as the management company of ING Core Fund equities, regions and sectors, so that you can capitalise on Conservative. NN Investment Partners delegates the economic trends. portfolio management to ING Belgium. ING Belgium regu- The fund aims to implement the Core Range strategy of larly determines what a model portfolio should consist of. ING Belgium, promoter and portfolio manager of the fund, NN Investment Partners will carry out the investments in in a ‘fund of funds’ structure. This means that investments accordance with this model portfolio. ING Belgium is also are mainly made in underlying responsible for the commercialisation of ING Core Fund Conservative towards customers. investment funds. It is also possible to invest in Exchange- Traded Funds (ETFs are listed funds which typically replicate an equity or bond index). ING Belgium’s ING Core Fund Conservative is composed of a selection investment strategy of core funds, which consists of two asset classes, namely bonds and equities. In a neutral position, bonds and equities are weighted at 90% and 10% respectively. Depending on the market conditions, ING Belgium may decide to change the weighting of equity funds to a maxi- Fund selection mum of 20%. In exceptional market circumstances and for a limited period, it can also decide to invest 100% in cash positions and money market funds.

The Core Range strategy of ING Belgium ING Belgium uses a universe of funds provided by a number of carefully pre-selected asset managers: Amundi, Franklin Templeton Investments, NN Investment Partners, Axa Investment Managers and BlackRock (more information can be found on our website1). In addition, ETFs are + Exchange Trade Funds used. The Bank’s own selection methodology is applied in choo- sing investment funds, whereby the services of independent fund assessors are used. ING Core Fund Conservative * Based on ING Belgium’s investment strategy (determining which bonds and equities, region, sector, etc., should be • Amundi Funds Bond Euro Government given priority), we choose from the selected investment • Axa World Funds Euro 5-7 funds those which best capitalise on market trends: our core funds. • Axa World Funds Euro Credit Plus • Templeton Global Bond 1 https://www.ing.be/en/retail/Pages/reputable-fund-managers. aspx?WT.ac=fip_fundguide_infofundmanagers • BlackRock Global Funds Euro Short Duration

* Hypothetical example ** The UCITs shown in the example might not be offered in Belgium. Please check with your investment adviser.

Who is this sub-fund aimed at ? 2 Quarterly reporting This fund aims at investors who have an increased As an ING Core Fund Conservative shareholder, you sensitivity to risk and who want to invest in a are kept regularly informed of changes in your invest- diversified and international portfolio of investment ments. We will provide you with quarterly detailed funds selected by ING Belgium specialists and, in reports, containing information regarding the macro- so doing, to follow the ING Belgium strategy. This economic market conditions, ING Belgium’s invest- sub-fund is intended for neutral investors looking in ment strategy and the composition of your investment particular for the creation of potential capital gains. fund. The performance of your investment is also explained. These reports can be found on our website www.ing.be.

2 Before investing in this product, we recommend that you verify that you have a thorough understanding of the characteristics and, in particular, the risks. If a credit institution recommends this financial product in the context of any investment advice, it should consider the suitability of the intended transaction taking into account your knowledge of and experience with this product, your savings or investment objectives and your financial situation. If no investment advice is provided, the credit institution or investment company must determine whether you have sufficient knowledge of and experience with the relevant product. If this product is not suitable for you, they should inform you of this. As an exception, the aforementioned assessment is not carried out, under certain conditions, when the intended transaction is a simple financial instrument and the service is provided on the initiative of the customer. Promotional document Technical data of ING (B) Collect Portfolio ING Core Fund Conservative Investment type Taxation Sub-fund of unlimited duration of the Belgian-based Sicav • Capital gains are taxable based on Article 19bis CIR 92. ING (B) Collect Portfolio The sub-fund invests more than 25% in securities offering ‘interest payment’, meaning that the capital gains are Shares taxable at 30%. • Capitalisation and distribution shares (dividends paya- ble in the month of December, following adoption by the • Withholding tax of 30% on the dividends from distribution general meeting) shares for investors resident in Belgium. • Dematerialised (no physical delivery possible) • For investors with a tax residence located in a Coun- try which participates in the Standard for automatic ISIN code exchange of financial account information (Common Capitalisation: BE6275059325 Reporting Standard – CRS Standard) and/or who are Distribution: BE6275060331 a “Specified U.S. Person” within the meaning of the Currency: EUR (Euro) Foreign Account Tax Compliance Act (FATCA). This product falls under the application of the CRS Stand- Launch date: 23 January 2015 ard and FATCA. Belgium will transmit information to the Subscription/exit after the initial subscription period participating State in the CRS Standard where the tax • Subscription or redemption is possible on every Belgian residence of the investor is located and/or to the United business day before 2.30 p.m. (= day D) States of America, in accordance with the rules as defined • Net asset value calculation: D+2 based on basis of the in the CRS Standard en FATCA. portfolio on D+1 • Payment date: D + 4 Prospectus Before you register you should read the prospectus and the Net asset value Key Investor Information Document (KIID). The prospectus, The net asset value is calculated in Belgium each banking Key Investor Information Document and most recent peri- business day. The net asset value is published every public odic report of the Sicav are available free of charge at all banking business day in Belgium in the financial press, as ING branches or at www.ing.be. These documents are avail- well as on the BeAMA website (http://www.beama.be/en/ able in Dutch, English and French. The financial services in nav). It is also available at the Management Company’s Belgium are provided by RBC Investor Services Belgium. registered address and over the counter from your financial services provider. The published date corresponds to the The term ‘fund’ in this brochure refers to ‘sub-fund of a Sicav’. conclusion date for all subscription, repurchase or switch All data and information in this brochure are based on data of 17/022017, orders. unless stated otherwise. Minimum subscription: No ING securities account: Consult our rates brochure Ongoing annual charges: 1.62% of which management fees: 1.20% (maximum) Subscription fee: Maximum 3% Redemption fee: 0% Stock exchange duty • On subscription: None • On redemption and in the event of conversion: 1.32% for capitalisation shares (max. €4,000) 0% for distribution shares Complaints service Internal: [email protected]

External: Ombudsfin North Gate II - Avenue Roi Albert II 8 B-1000 Brussels E-mail: ombudsman@ombudsfin. Promotional document

Want to know more about this fund?

(risk indicator, portfolio allocation, etc.)

• Go to our website www.ing.be • Contact us by e-mail ([email protected]) or telephone (02 464 60 04) • Make an appointment at the branch of your choice

Legal information This document is created for advertising purposes and the content should not be considered investment advice. This document may contain statements about future expectations or other future-oriented statements. Such statements are based on current opinions and assumptions of the management board, and are subject to known and unknown risks and uncertainties. The actual results, performance or events may differ significantly from the expectations contained in the statements. The information in this document is subject to change without prior notice. It is forbidden to copy, send, distribute or disperse this document or make it available to third parties, without prior explicit written approval. The value of your investment may fluctuate. Past performance does not guarantee future results. For more detailed information about this fund we refer to the prospectus, the Key Investor Information Document (KIID) and the corresponding supplements, which contain all required information about the product, its costs and risks. The prospectus, Key Investor Infor- mation Document and corresponding supplements are available at www.nnip.be. As the product may not be authorised or its offering may be restricted in your jurisdiction, it is the responsibility of every reader to satisfy themselves as to the full observance of the laws and regulations of the relevant jurisdiction. The Shares of the Fund have not been registered under the United States Securities Act of 1933, as amended (“Securites Act”), or the securities laws of any states of the United States, and the Fund has not been registered under the United States Investment Company Act of 1940. Shares of the Fund are not available to be offered or sold directly or indirectly in the United States to (for the account or benefit of) any United States Person or to natural persons with American nationality and/or having a legal, fiscal or postal address in the Unidited States or a telephone number in the United States or a permanent US resident card (“Green Card”), except pursuant to an exemption form, or in a transaction not subject to, applicable United States securities laws. This disclaimer is governed by Belgian law.

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