ING Risk Managed Natural Resources Fund Announces Update to Investment Strategy

NEW YORK, May 3, 2012 /PRNewswire/ -- www.ingfunds.com ING Investments, LLC announces an update to the investment strategy of the ING Risk Managed Natural Resources Fund (NYSE: IRR).  The Fund integrated collar strategy will seek to create a put spread position by purchasing put options approximately 5% "out-of-the-money" usually on a three-month basis and for an amount approximating 100% of the value of the Fund's underlying assets while simultaneously, selling put options approximately 10-20% "out-of-the-money" and the same maturity and amount.  The Fund retains the flexibility to create put spreads for an amount approximating 0-100% of the value of the Fund's underlying assets.

The Fund also usually writes call options "at-the-money" or "near to-the-money," usually on a one-month basis and for an amount equal to 40-100% of the value of the Fund's underlying assets.

The Fund's collar strategy seeks to partially reduce the exposure of the Fund to declines in the value of the energy and natural resources securities in its portfolio and helps the Fund achieve its investment objective by seeking to generate capital gains in declining markets. Under normal market conditions, the Fund will continue to seek to achieve its investment objective by investing at least 80% of its managed assets in the equity securities of, or derivatives linked to the equity securities of, companies that are primarily engaged in owning or developing energy, other natural resources and basic materials, or supplying goods and services to such companies.

ING Investment Management U.S. (ING IM U.S.) is a leading active asset management firm. As of December 31, 2011, ING IM U.S. manages approximately $166 billion for both affiliated and external institutions as well as individual investors. ING IM U.S. has the experience and resources to invest responsibly across asset classes, geographies and investment styles. Through our global asset management network, we provide clients with access to domestic, regional and global investment solutions.

SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180;
www.ingfunds.com

SOURCE ING