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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
Quarterly Schedule of Portfolio Holdings of Registered
Management Investment Company
Investment Company Act file number: 811-21786
ING Global Advantage and Premium
Opportunity Fund
(Exact name of registrant as specified in charter)
|
7337 East Doubletree Ranch Rd., Scottsdale, AZ 85258 |
|
(Address of principal executive offices) (Zip code) |
Huey P. Falgout, Jr., 7337 East Doubletree Ranch Road, Scottsdale, AZ 85258
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
|
Date of fiscal year end: |
February 28 |
|
|
|
|
Date of reporting period: |
November 30,2008 |
Item 1. Schedule of Investments
|
The schedules of investments as of the close of the reporting period are set forth below for: |
|
|
|
|
|
The schedules are not audited. |
|
|
|
PORTFOLIO OF INVESTMENTS |
|
|
as of November 30, 2008 (Unaudited) |
|
Shares |
|
|
|
|
|
Value |
|
|
COMMON STOCK: 98.0% |
|
|
|||||
|
|
|
|
|
Australia: 2.1% |
|
|
|
|
15,424 |
|
|
|
Alumina Ltd. |
|
$ |
12,891 |
|
4,015 |
|
|
|
Aristocrat Leisure Ltd. |
|
10,407 |
|
|
66,987 |
|
|
|
Australia & New Zealand Banking Group Ltd. |
|
656,167 |
|
|
51,303 |
|
|
|
Bendigo Bank Ltd. |
|
376,395 |
|
|
36,060 |
|
|
|
BHP Billiton Ltd. |
|
681,425 |
|
|
184,826 |
|
|
|
BlueScope Steel Ltd. |
|
487,314 |
|
|
41,008 |
|
|
|
Caltex Australia Ltd. |
|
200,230 |
|
|
13,618 |
|
|
|
Computershare Ltd. |
|
59,254 |
|
|
10,791 |
|
|
|
CSL Ltd. |
|
247,497 |
|
|
44,494 |
|
|
|
Lion Nathan Ltd. |
|
254,604 |
|
|
242,596 |
|
|
|
Macquarie Airports Management Ltd. |
|
325,221 |
|
|
17,364 |
|
|
|
Macquarie Group Ltd. |
|
343,027 |
|
|
31,430 |
|
|
|
Metcash Ltd. |
|
82,347 |
|
|
250,140 |
|
|
|
Qantas Airways Ltd. |
|
383,582 |
|
|
151,304 |
|
|
|
Telstra Corp., Ltd. |
|
404,613 |
|
|
6,309 |
|
|
|
Woodside Petroleum Ltd. |
|
150,077 |
|
|
4,176 |
|
|
|
Woolworths Ltd. |
|
73,850 |
|
|
|
|
|
|
|
|
4,748,901 |
|
|
|
|
|
|
Austria: 0.2% |
|
|
|
|
12,640 |
|
|
|
OMV AG |
|
320,390 |
|
|
732 |
|
|
|
Telekom Austria AG |
|
9,776 |
|
|
5,756 |
|
|
|
Voestalpine AG |
|
122,280 |
|
|
600 |
|
|
|
Wienerberger AG |
|
8,513 |
|
|
|
|
|
|
|
|
460,959 |
|
|
|
|
|
|
Belgium: 0.2% |
|
|
|
|
2,213 |
|
|
|
Belgacom SA |
|
80,218 |
|
|
218 |
|
|
|
Colruyt SA |
|
47,069 |
|
|
163 |
|
|
|
Delhaize Group |
|
9,810 |
|
|
7,900 |
|
@ |
|
Fortis - STRIP VVPR |
|
100 |
|
|
889 |
|
|
|
Groupe Bruxelles Lambert SA |
|
65,745 |
|
|
15,190 |
|
|
|
InBev NV |
|
250,165 |
|
|
406 |
|
|
|
Mobistar SA |
|
27,853 |
|
|
|
|
|
|
|
|
480,960 |
|
|
|
|
|
|
Bermuda: 0.2% |
|
|
|
|
1,150 |
|
|
|
SeaDrill Ltd. ADR |
|
9,385 |
|
|
22,650 |
|
S |
|
Tyco Electronics Ltd. |
|
373,272 |
|
|
|
|
|
|
|
|
382,657 |
|
|
|
|
|
|
Denmark: 0.0% |
|
|
|
|
2 |
|
|
|
AP Moller - Maersk A/S - Class B |
|
10,318 |
|
|
700 |
|
|
|
Danske Bank A/S |
|
8,232 |
|
|
1,000 |
|
|
|
Novo-Nordisk A/S |
|
51,345 |
|
|
225 |
|
@ |
|
Vestas Wind Systems A/S |
|
10,200 |
|
|
|
|
|
|
|
|
80,095 |
|
|
|
|
|
|
Finland: 0.6% |
|
|
|
|
8,257 |
|
|
|
Elisa OYJ |
|
119,053 |
|
|
86,057 |
|
|
|
Nokia OYJ |
|
1,219,309 |
|
|
1,163 |
|
|
|
Orion OYJ |
|
17,043 |
|
|
2,667 |
|
|
|
Sampo OYJ |
|
49,643 |
|
|
|
|
|
|
|
|
1,405,048 |
|
|
|
|
|
|
France: 3.9% |
|
|
|
|
1,806 |
|
|
|
AXA SA |
|
34,321 |
|
|
17,163 |
|
|
|
BNP Paribas |
|
951,094 |
|
|
265 |
|
|
|
Bouygues SA |
|
10,896 |
|
|
20,188 |
|
|
|
Carrefour SA |
|
764,983 |
|
|
595 |
|
|
|
Christian Dior SA |
|
27,470 |
|
|
613 |
|
@ |
|
Compagnie Generale de Geophysique SA |
|
10,127 |
|
|
7,017 |
|
|
|
Compagnie Generale des Etablissements Michelin |
|
336,959 |
|
|
2,595 |
|
|
|
Credit Agricole SA |
|
28,998 |
|
|
868 |
|
|
|
Eiffage SA |
|
39,648 |
|
|
26,965 |
|
|
|
France Telecom SA |
|
693,682 |
|
|
3,296 |
|
|
|
Gaz de France |
|
132,264 |
|
|
10,556 |
|
|
|
Lafarge SA |
|
583,647 |
|
|
844 |
|
|
|
M6-Metropole Television |
|
14,205 |
|
|
16,349 |
|
|
|
Peugeot SA |
|
297,432 |
|
|
3,019 |
|
|
|
PPR |
|
143,959 |
|
|
726 |
|
|
|
Renault SA |
|
16,059 |
|
|
21,620 |
|
|
|
Sanofi-Aventis |
|
1,195,205 |
|
|
10,864 |
|
|
|
Schneider Electric SA |
|
685,858 |
|
|
353 |
|
|
|
Societe BIC SA |
|
17,955 |
|
|
32,675 |
|
|
|
Total SA |
|
1,716,675 |
|
|
96 |
|
|
|
Vallourec |
|
10,249 |
|
|
396 |
|
|
|
Veolia Environnement |
|
9,924 |
|
|
5,610 |
|
|
|
Vinci SA |
|
226,384 |
|
|
29,693 |
|
|
|
Vivendi |
|
843,330 |
|
|
|
|
|
|
|
|
8,791,324 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
Germany: 3.6% |
|
|
|
|
304 |
|
|
|
Adidas AG |
|
$ |
9,463 |
|
1,241 |
|
|
|
Allianz AG |
|
102,375 |
|
|
15,826 |
|
|
|
BASF AG |
|
505,087 |
|
|
695 |
|
|
|
Bayer AG |
|
36,062 |
|
|
1,155 |
|
|
|
Beiersdorf AG |
|
63,833 |
|
|
1,332 |
|
|
|
Celesio AG |
|
33,474 |
|
|
326 |
|
|
|
DaimlerChrysler AG |
|
10,205 |
|
|
19,331 |
|
|
|
Deutsche Bank AG |
|
685,718 |
|
|
39,392 |
|
|
|
Deutsche Lufthansa AG |
|
517,242 |
|
|
49,472 |
|
|
|
Deutsche Post AG |
|
706,168 |
|
|
52,059 |
|
|
|
Deutsche Telekom AG |
|
719,284 |
|
|
30,991 |
|
|
|
E.ON AG |
|
1,085,939 |
|
|
3,037 |
|
|
|
Fresenius Medical Care AG & Co. KGaA |
|
132,424 |
|
|
16,633 |
|
|
|
Hannover Rueckversicheru - Reg |
|
380,381 |
|
|
1,106 |
|
|
|
Metro AG |
|
33,865 |
|
|
5,045 |
|
|
|
Muenchener Rueckversicherungs AG |
|
684,875 |
|
|
10,267 |
|
|
|
RWE AG |
|
857,660 |
|
|
169 |
|
|
|
Salzgitter AG |
|
11,680 |
|
|
1,276 |
|
|
|
SAP AG |
|
43,407 |
|
|
7,901 |
|
|
|
Siemens AG |
|
472,801 |
|
|
14,503 |
|
|
|
ThyssenKrupp AG |
|
291,132 |
|
|
1,140 |
|
|
|
United Internet AG |
|
7,343 |
|
|
1,908 |
|
|
|
Volkswagen AG |
|
680,499 |
|
|
|
|
|
|
|
|
8,070,917 |
|
|
|
|
|
|
Greece: 0.1% |
|
|
|
|
786 |
|
|
|
Alpha Bank AE |
|
8,036 |
|
|
703 |
|
|
|
Coca-Cola Hellenic Bottling Co. SA |
|
10,896 |
|
|
636 |
|
|
|
Hellenic Telecommunications Organization SA |
|
9,226 |
|
|
10,474 |
|
|
|
National Bank of Greece SA |
|
201,566 |
|
|
2,924 |
|
|
|
OPAP SA |
|
72,417 |
|
|
844 |
|
|
|
Public Power Corp. |
|
12,426 |
|
|
|
|
|
|
|
|
314,567 |
|
|
|
|
|
|
Hong Kong: 1.0% |
|
|
|
|
1,900 |
|
|
|
Esprit Holdings Ltd. |
|
9,011 |
|
|
27,000 |
|
|
|
Hang Lung Properties Ltd. |
|
58,609 |
|
|
33,200 |
|
|
|
Hang Seng Bank Ltd. |
|
426,117 |
|
|
216,000 |
|
|
|
Hong Kong & China Gas |
|
387,085 |
|
|
1,100 |
|
|
|
Hong Kong Exchanges and Clearing Ltd. |
|
8,722 |
|
|
18,000 |
|
|
|
HongKong Electric Holdings |
|
101,500 |
|
|
157,000 |
|
|
|
Hopewell Holdings |
|
411,193 |
|
|
7,000 |
|
|
|
Hutchison Whampoa Ltd. |
|
35,385 |
|
|
470,000 |
|
|
|
New World Development Ltd. |
|
373,852 |
|
|
20,000 |
|
|
|
Orient Overseas International Ltd. |
|
32,088 |
|
|
72,000 |
|
|
|
Pacific Basin Shipping Ltd. |
|
31,036 |
|
|
232,000 |
|
|
|
Shangri-La Asia Ltd. |
|
301,620 |
|
|
|
|
|
|
|
|
2,176,218 |
|
|
|
|
|
|
Ireland: 0.0% |
|
|
|
|
2,516 |
|
|
|
Allied Irish Banks PLC |
|
8,666 |
|
|
|
|
|
|
|
|
8,666 |
|
|
|
|
|
|
Italy: 1.9% |
|
|
|
|
22,897 |
|
|
|
Banche Popolari Unite Scpa |
|
330,163 |
|
|
19,836 |
|
|
|
Banco Popolare Scarl |
|
181,956 |
|
|
130,172 |
|
|
|
Enel S.p.A. |
|
814,175 |
|
|
21,641 |
|
|
|
ENI S.p.A. |
|
491,199 |
|
|
75,617 |
|
|
|
Fiat S.p.A |
|
558,003 |
|
|
2,377 |
|
|
|
Finmeccanica S.p.A. |
|
29,732 |
|
|
226,284 |
|
|
|
Intesa Sanpaolo S.p.A. |
|
681,567 |
|
|
312,307 |
|
|
|
Parmalat S.p.A |
|
506,312 |
|
|
302,502 |
|
|
|
UniCredito Italiano S.p.A. |
|
691,650 |
|
|
|
|
|
|
|
|
4,284,757 |
|
|
|
|
|
|
Japan: 10.7% |
|
|
|
|
10,500 |
|
|
|
Acom Co., Ltd. |
|
416,011 |
|
|
9,000 |
|
|
|
Amada Co., Ltd. |
|
41,510 |
|
|
13,800 |
|
|
|
Asahi Breweries Ltd. |
|
241,506 |
|
|
5,800 |
|
|
|
Casio Computer Co., Ltd. |
|
32,880 |
|
|
78 |
|
|
|
Central Japan Railway Co. |
|
661,121 |
|
|
400 |
|
|
|
Chubu Electric Power Co., Inc. |
|
11,022 |
|
|
31,500 |
|
|
|
Credit Saison Co., Ltd. |
|
420,618 |
|
|
53,000 |
|
|
|
Daihatsu Motor Co., Ltd. |
|
384,506 |
|
|
31,200 |
|
|
|
Daiichi Sankyo Co., Ltd. |
|
639,707 |
|
|
46,000 |
|
|
|
Daiwa House Industry Co., Ltd. |
|
386,162 |
|
|
10,800 |
|
|
|
Electric Power Development Co. |
|
376,879 |
|
|
400 |
|
|
|
Fuji Photo Film Co., Ltd. |
|
9,789 |
|
|
2,300 |
|
|
|
Hitachi Chemical Co. Ltd. |
|
22,195 |
|
|
146,000 |
|
|
|
Hitachi Ltd. |
|
678,630 |
|
|
115,000 |
|
|
|
Hokugin Financial Group, Inc. |
|
239,852 |
|
|
38 |
|
|
|
Inpex Holdings, Inc. |
|
243,474 |
|
|
209,000 |
|
|
|
Isuzu Motors Ltd. |
|
260,390 |
|
|
56,000 |
|
|
|
Itochu Corp. |
|
284,212 |
|
|
400 |
|
|
|
Japan Petroleum Exploration Co. |
|
16,061 |
|
|
1,000 |
|
|
|
JGC Corp. |
|
11,617 |
|
|
5,100 |
|
|
|
JSR Corp. |
|
55,473 |
|
|
23,000 |
|
|
|
Kao Corp. |
|
658,944 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
Japan (continued) |
|
|
|
|
111 |
|
|
|
KDDI Corp. |
|
$ |
723,470 |
|
3,100 |
|
|
|
Keyence Corp. |
|
515,232 |
|
|
56,000 |
|
|
|
Kirin Brewery Co., Ltd. |
|
682,072 |
|
|
43,700 |
|
|
|
Komatsu Ltd. |
|
525,450 |
|
|
22,400 |
|
|
|
Konami Corp. |
|
505,871 |
|
|
58,000 |
|
|
|
Konica Minolta Holdings, Inc. |
|
427,479 |
|
|
3,100 |
|
|
|
Kyushu Electric Power Co., Inc. |
|
73,437 |
|
|
1,100 |
|
|
|
Leopalace21 Corp. |
|
10,370 |
|
|
8,700 |
|
|
|
Makita Corp. |
|
169,332 |
|
|
20,600 |
|
|
|
Millea Holdings, Inc. |
|
498,564 |
|
|
7,000 |
|
@ |
|
Mitsubishi Motors Corp. |
|
9,777 |
|
|
111,700 |
|
|
|
Mitsubishi UFJ Financial Group, Inc. |
|
620,288 |
|
|
61,000 |
|
|
|
Mitsui & Co., Ltd. |
|
542,092 |
|
|
2,000 |
|
|
|
Mitsui OSK Lines Ltd. |
|
10,649 |
|
|
15 |
|
|
|
Mizuho Financial Group, Inc. |
|
39,825 |
|
|
4,400 |
|
|
|
Namco Bandai Holdings, Inc. |
|
43,944 |
|
|
36,000 |
|
|
|
NGK Insulators Ltd. |
|
383,786 |
|
|
15,000 |
|
|
|
NHK Spring Co., Ltd. |
|
54,021 |
|
|
300 |
|
|
|
Nintendo Co., Ltd. |
|
93,266 |
|
|
7,000 |
|
|
|
Nippon Electric Glass Co., Ltd. |
|
40,065 |
|
|
13,000 |
|
|
|
Nippon Oil Corp. |
|
48,966 |
|
|
70,000 |
|
|
|
Nippon Sheet Glass Co., Ltd. |
|
203,209 |
|
|
158,000 |
|
|
|
Nippon Steel Corp. |
|
494,518 |
|
|
2,000 |
|
|
|
Nippon Yusen KK |
|
10,883 |
|
|
195,000 |
|
|
|
Nishi-Nippon City Bank Ltd. |
|
407,923 |
|
|
6,000 |
|
|
|
Nitto Denko Corp. |
|
100,651 |
|
|
3 |
|
|
|
NTT Data Corp. |
|
10,817 |
|
|
206 |
|
|
|
NTT DoCoMo, Inc. |
|
344,583 |
|
|
2,500 |
|
|
|
Omron Corp. |
|
32,571 |
|
|
157,000 |
|
|
|
Osaka Gas Co., Ltd. |
|
597,760 |
|
|
9,600 |
|
|
|
Otsuka Corp. |
|
435,081 |
|
|
17,850 |
|
|
|
Promise Co., Ltd. |
|
368,344 |
|
|
395 |
|
|
|
Resona Holdings, Inc. |
|
552,551 |
|
|
9,000 |
|
|
|
Sankyo Co., Ltd. |
|
492,889 |
|
|
22,000 |
|
@ |
|
Sanyo Electric Co., Ltd. |
|
34,909 |
|
|
14,100 |
|
|
|
Secom Co., Ltd. |
|
656,285 |
|
|
11,800 |
|
|
|
Shimano, Inc. |
|
437,017 |
|
|
5,400 |
|
|
|
Shin-Etsu Chemical Co., Ltd. |
|
206,604 |
|
|
5,000 |
|
|
|
Shiseido Co., Ltd. |
|
93,123 |
|
|
29,000 |
|
|
|
Sony Corp. |
|
564,094 |
|
|
35,700 |
|
|
|
Stanley Electric Co., Ltd. |
|
431,086 |
|
|
73,300 |
|
|
|
Sumitomo Electric Industries Ltd. |
|
553,308 |
|
|
3,000 |
|
|
|
Sumitomo Heavy Industries |
|
11,272 |
|
|
76,000 |
|
|
|
Sumitomo Metal Mining Co., Ltd. |
|
721,926 |
|
|
39,000 |
|
|
|
Suruga Bank Ltd. |
|
395,046 |
|
|
1,900 |
|
|
|
Suzuken Co., Ltd. |
|
42,578 |
|
|
2,900 |
|
|
|
Suzuki Motor Corp. |
|
39,182 |
|
|
20,700 |
|
|
|
Takeda Pharmaceutical Co., Ltd. |
|
1,004,543 |
|
|
33,000 |
|
|
|
Toho Gas Co., Ltd. |
|
191,686 |
|
|
140,000 |
|
|
|
Tokyo Gas Co., Ltd. |
|
631,911 |
|
|
1,200 |
|
|
|
Tokyo Steel Manufacturing Co., Ltd. |
|
11,207 |
|
|
47,300 |
|
|
|
Toyota Boshoku Corp. |
|
380,369 |
|
|
21,400 |
|
|
|
Toyota Motor Corp. |
|
685,965 |
|
|
1,000 |
|
|
|
Toyota Tsusho Corp. |
|
9,497 |
|
|
78 |
|
|
|
West Japan Railway Co. |
|
346,247 |
|
|
5,000 |
|
|
|
Yamaguchi Financial Group, Inc. |
|
47,195 |
|
|
1,100 |
|
|
|
Yamaha Corp. |
|
10,157 |
|
|
16,500 |
|
|
|
Yamato Kogyo Co., Ltd. |
|
370,128 |
|
|
36,000 |
|
|
|
Yaskawa Electric Corp. |
|
157,432 |
|
|
|
|
|
|
|
|
24,195,062 |
|
|
|
|
|
|
Luxembourg: 0.3% |
|
|
|
|
34,267 |
|
|
|
Arcelor Mittal |
|
788,007 |
|
|
|
|
|
|
|
|
788,007 |
|
|
|
|
|
|
Mauritius: 0.1% |
|
|
|
|
1,769,000 |
|
|
|
Golden Agri-Resources Ltd. |
|
264,792 |
|
|
|
|
|
|
|
|
264,792 |
|
|
|
|
|
|
Netherlands: 2.4% |
|
|
|
|
1,988 |
|
|
|
Aegon NV |
|
9,442 |
|
|
37,661 |
|
|
|
ASML Holding NV |
|
574,563 |
|
|
18,762 |
|
|
|
Heineken NV |
|
517,681 |
|
|
41,373 |
|
|
|
Koninklijke Philips Electronics NV |
|
675,226 |
|
|
47,159 |
|
|
|
Reed Elsevier NV |
|
557,590 |
|
|
56,532 |
|
|
|
Royal Dutch Shell PLC - Class A |
|
1,518,508 |
|
|
45,585 |
|
|
|
Royal Dutch Shell PLC - Class B |
|
1,196,941 |
|
|
705 |
|
|
|
Royal KPN NV |
|
9,737 |
|
|
498 |
|
|
|
TNT NV |
|
10,433 |
|
|
11,213 |
|
|
|
Unilever NV |
|
261,768 |
|
|
|
|
|
|
|
|
5,331,889 |
|
|
|
|
|
|
New Zealand: 0.1% |
|
|
|
|
58,467 |
|
|
|
Fletcher Building Ltd. |
|
180,649 |
|
|
|
|
|
|
|
|
180,649 |
|
|
|
|
|
|
Norway: 0.1% |
|
|
|
|
2,200 |
|
|
|
DnB NOR ASA |
|
8,379 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
Norway (continued) |
|
|
|
|
16,800 |
|
|
|
Statoil ASA |
|
$ |
285,017 |
|
|
|
|
|
|
|
293,396 |
|
|
|
|
|
|
Portugal: 0.0% |
|
|
|
|
2,864 |
|
|
|
Energias de Portugal SA |
|
9,743 |
|
|
5,520 |
|
|
|
Portugal Telecom SGPS SA |
|
41,012 |
|
|
|
|
|
|
|
|
50,755 |
|
|
|
|
|
|
Singapore: 0.5% |
|
|
|
|
234,000 |
|
|
|
CapitaLand Ltd. |
|
432,447 |
|
|
46,000 |
|
|
|
City Developments Ltd. |
|
177,948 |
|
|
11,000 |
|
|
|
Jardine Cycle & Carriage Ltd. |
|
76,652 |
|
|
12,000 |
|
|
|
Olam International Ltd. |
|
7,507 |
|
|
248,000 |
|
|
|
United Overseas Land Ltd. |
|
338,343 |
|
|
|
|
|
|
|
|
1,032,897 |
|
|
|
|
|
|
Spain: 2.5% |
|
|
|
|
16,004 |
|
|
|
ACS Actividades de Construccion y Servicios SA |
|
634,719 |
|
|
82,732 |
|
|
|
Banco Bilbao Vizcaya Argentaria SA |
|
858,658 |
|
|
1,472 |
|
|
|
Banco De Sabadell SA |
|
9,759 |
|
|
8,584 |
|
|
|
Banco Popular Espanol SA |
|
68,568 |
|
|
150,008 |
|
|
|
Banco Santander Central Hispano SA |
|
1,232,603 |
|
|
321 |
|
|
|
Gas Natural SDG SA |
|
8,903 |
|
|
1,454 |
|
|
|
Gestevision Telecinco SA |
|
12,853 |
|
|
112,737 |
|
|
|
Iberdrola SA |
|
837,014 |
|
|
4,262 |
|
|
|
Iberia Lineas Aereas de Espana |
|
10,591 |
|
|
2,857 |
|
|
|
Inditex SA |
|
95,987 |
|
|
12,215 |
|
|
|
Repsol YPF SA |
|
235,357 |
|
|
81,710 |
|
|
|
Telefonica SA |
|
1,655,976 |
|
|
1,660 |
|
|
|
Zardoya-Otis SA |
|
28,828 |
|
|
|
|
|
|
|
|
5,689,816 |
|
|
|
|
|
|
Sweden: 0.2% |
|
|
|
|
4,200 |
|
|
|
Atlas Copco AB |
|
29,600 |
|
|
1,100 |
|
|
|
Electrolux AB |
|
9,327 |
|
|
6,700 |
|
|
|
Hennes & Mauritz AB |
|
247,250 |
|
|
4,000 |
|
|
|
Sandvik AB |
|
23,549 |
|
|
29,500 |
|
|
|
TeliaSonera AB |
|
132,337 |
|
|
|
|
|
|
|
|
442,063 |
|
|
|
|
|
|
Switzerland: 4.0% |
|
|
|
|
48,032 |
|
@ |
|
ABB Ltd. |
|
622,615 |
|
|
216 |
|
|
|
Baloise Holding AG |
|
12,075 |
|
|
27,965 |
|
|
|
Credit Suisse Group |
|
819,597 |
|
|
519 |
|
|
|
Geberit AG - Reg |
|
47,776 |
|
|
13,783 |
|
|
|
Holcim Ltd. |
|
613,438 |
|
|
11 |
|
|
|
Lindt & Spruengli AG |
|
21,318 |
|
|
2,258 |
|
@ |
|
Logitech International SA |
|
29,476 |
|
|
38,986 |
|
|
|
Nestle SA |
|
1,411,987 |
|
|
40,865 |
|
|
|
Novartis AG |
|
1,906,933 |
|
|
141 |
|
|
|
Pargesa Holding SA |
|
10,901 |
|
|
10,884 |
|
|
|
Roche Holding AG |
|
1,524,787 |
|
|
61 |
|
|
|
SGS SA |
|
51,926 |
|
|
3,247 |
|
@ |
|
Swiss Life Holding |
|
200,103 |
|
|
11,224 |
|
|
|
Swiss Reinsurance |
|
458,597 |
|
|
1,709 |
|
|
|
Synthes, Inc. |
|
198,027 |
|
|
4,944 |
|
@ |
|
UBS AG - Reg |
|
61,767 |
|
|
36,789 |
|
|
|
Xstrata PLC |
|
530,311 |
|
|
2,223 |
|
|
|
Zurich Financial Services AG |
|
433,582 |
|
|
|
|
|
|
|
|
8,955,216 |
|
|
|
|
|
|
United Kingdom: 7.7% |
|
|
|
|
3,723 |
|
|
|
3i Group PLC |
|
23,678 |
|
|
5,591 |
|
|
|
Anglo American PLC |
|
133,105 |
|
|
30,281 |
|
|
|
AstraZeneca PLC |
|
1,141,772 |
|
|
45,459 |
|
|
|
Aviva PLC |
|
282,218 |
|
|
137,343 |
|
|
|
BAE Systems PLC |
|
751,900 |
|
|
136,092 |
|
|
|
Barclays PLC |
|
360,884 |
|
|
1,107 |
|
@ |
|
Berkeley Group Holdings PLC |
|
14,412 |
|
|
25,186 |
|
|
|
BG Group PLC |
|
359,439 |
|
|
47,191 |
|
|
|
BHP Billiton PLC |
|
853,930 |
|
|
228,670 |
|
|
|
BP PLC |
|
1,853,357 |
|
|
3,641 |
|
|
|
British American Tobacco PLC |
|
95,314 |
|
|
13,541 |
|
|
|
British Energy Group PLC |
|
156,118 |
|
|
156,138 |
|
|
|
BT Group PLC |
|
323,140 |
|
|
209,710 |
|
|
|
Cable & Wireless PLC |
|
483,195 |
|
|
888 |
|
@ |
|
Cairn Energy PLC |
|
23,210 |
|
|
13,660 |
|
|
|
Capita Group PLC |
|
146,685 |
|
|
28,019 |
|
|
|
Carphone Warehouse Group |
|
50,848 |
|
|
129,979 |
|
|
|
Centrica PLC |
|
474,766 |
|
|
25,822 |
|
|
|
Compass Group PLC |
|
122,208 |
|
|
61,317 |
|
|
|
Daily Mail & General Trust |
|
279,579 |
|
|
59,788 |
|
|
|
Diageo PLC |
|
833,639 |
|
|
8,029 |
|
|
|
Experian Group Ltd. |
|
48,824 |
|
|
45,300 |
|
|
|
GlaxoSmithKline PLC |
|
783,508 |
|
|
139,512 |
|
|
|
HBOS PLC |
|
196,953 |
|
|
3,489 |
|
|
|
Home Retail Group |
|
10,954 |
|
|
155,369 |
|
|
|
HSBC Holdings PLC |
|
1,694,988 |
|
|
8,535 |
|
|
|
Imperial Tobacco Group PLC |
|
213,073 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
United Kingdom (continued) |
|
|
|
|
108,650 |
|
|
|
International Power PLC |
|
$ |
432,016 |
|
2,654 |
|
|
|
Investec PLC |
|
10,916 |
|
|
97,360 |
|
|
|
J Sainsbury PLC |
|
431,519 |
|
|
15,086 |
|
|
|
Ladbrokes PLC |
|
43,392 |
|
|
302,039 |
|
|
|
Legal & General Group PLC |
|
315,856 |
|
|
14,398 |
|
|
|
Marks & Spencer Group PLC |
|
50,274 |
|
|
2,096 |
|
|
|
National Grid PLC |
|
21,861 |
|
|
357,785 |
|
|
|
Old Mutual PLC |
|
303,418 |
|
|
1,163 |
|
|
|
Reckitt Benckiser PLC |
|
49,438 |
|
|
8,693 |
|
|
|
Reed Elsevier PLC |
|
72,331 |
|
|
6,538 |
|
|
|
Rio Tinto PLC |
|
162,621 |
|
|
431,128 |
|
|
|
Royal Bank of Scotland Group PLC |
|
370,131 |
|
|
24,222 |
|
|
|
Sage Group PLC |
|
62,151 |
|
|
524 |
|
|
|
Scottish & Southern Energy PLC |
|
8,915 |
|
|
12,507 |
|
|
|
Shire Ltd. |
|
172,369 |
|
|
2,631 |
|
|
|
Smith & Nephew PLC |
|
19,678 |
|
|
21,710 |
|
|
|
Standard Chartered PLC |
|
283,266 |
|
|
13,372 |
|
|
|
Standard Life PLC |
|
54,255 |
|
|
182,674 |
|
|
|
Tesco PLC |
|
832,747 |
|
|
20,631 |
|
|
|
Thomas Cook Group PLC |
|
51,878 |
|
|
6,152 |
|
|
|
Unilever PLC |
|
141,261 |
|
|
439,563 |
|
|
|
Vodafone Group PLC |
|
862,181 |
|
|
133,512 |
|
|
|
WM Morrison Supermarkets PLC |
|
499,825 |
|
|
18,263 |
|
|
|
Wolseley PLC |
|
85,965 |
|
|
73,021 |
|
|
|
WPP PLC |
|
407,641 |
|
|
|
|
|
|
|
|
17,457,602 |
|
|
|
|
|
|
United States: 55.6% |
|
|
|
|
2,528 |
|
|
|
Abbott Laboratories |
|
132,442 |
|
|
98,300 |
|
@ |
|
AES Corp. |
|
755,927 |
|
|
25,000 |
|
S |
|
Aetna, Inc. |
|
545,500 |
|
|
9,400 |
|
@ |
|
Affiliated Computer Services, Inc. |
|
380,230 |
|
|
18,950 |
|
|
|
Aflac, Inc. |
|
877,385 |
|
|
17,300 |
|
@ |
|
Agilent Technologies, Inc. |
|
325,759 |
|
|
6,800 |
|
|
|
AK Steel Holding Corp. |
|
53,584 |
|
|
5,550 |
|
@ |
|
Allied Waste Industries, Inc. |
|
59,607 |
|
|
34,550 |
|
|
|
Altria Group, Inc. |
|
555,564 |
|
|
12,482 |
|
|
|
American International Group, Inc. |
|
25,089 |
|
|
33,700 |
|
|
|
Ameriprise Financial, Inc. |
|
622,102 |
|
|
29,600 |
|
@ |
|
Amgen, Inc. |
|
1,643,984 |
|
|
9,606 |
|
|
|
Anadarko Petroleum Corp. |
|
394,326 |
|
|
17,150 |
|
|
|
AON Corp. |
|
776,895 |
|
|
1,329 |
|
|
|
Apache Corp. |
|
102,732 |
|
|
10,200 |
|
@ |
|
Apollo Group, Inc. - Class A |
|
783,768 |
|
|
11,103 |
|
@, S |
|
Apple, Inc. |
|
1,028,915 |
|
|
22,691 |
|
|
|
Archer-Daniels-Midland Co. |
|
621,280 |
|
|
14,650 |
|
|
|
Assurant, Inc. |
|
318,931 |
|
|
83,200 |
|
|
|
AT&T, Inc. |
|
2,376,192 |
|
|
8,550 |
|
@, S |
|
Autodesk, Inc. |
|
141,845 |
|
|
6,005 |
|
@ |
|
Autozone, Inc. |
|
655,866 |
|
|
13,800 |
|
|
|
Baker Hughes, Inc. |
|
480,654 |
|
|
14,900 |
|
|
|
Ball Corp. |
|
543,105 |
|
|
62,540 |
|
|
|
Bank of America Corp. |
|
1,016,275 |
|
|
11,650 |
|
S |
|
Bank of New York Mellon Corp. |
|
351,947 |
|
|
1,170 |
|
@ |
|
Barr Pharmaceuticals, Inc. |
|
76,506 |
|
|
26,200 |
|
|
|
BB&T Corp. |
|
785,214 |
|
|
10,800 |
|
|
|
Bemis Co. |
|
291,816 |
|
|
12,750 |
|
@ |
|
Big Lots, Inc. |
|
223,380 |
|
|
13,700 |
|
@ |
|
Biogen Idec, Inc. |
|
579,647 |
|
|
15,413 |
|
S |
|
BJ Services Co. |
|
184,802 |
|
|
2,398 |
|
|
|
Black & Decker Corp. |
|
101,771 |
|
|
870 |
|
|
|
Boeing Co. |
|
37,088 |
|
|
42,700 |
|
|
|
Bristol-Myers Squibb Co. |
|
883,890 |
|
|
19,590 |
|
@ |
|
Cameron International Corp. |
|
413,349 |
|
|
18,666 |
|
|
|
Capital One Financial Corp. |
|
642,297 |
|
|
39,746 |
|
|
|
Centerpoint Energy, Inc. |
|
513,916 |
|
|
22,894 |
|
|
|
Charles Schwab Corp. |
|
419,647 |
|
|
27,846 |
|
S |
|
Chevron Corp. |
|
2,200,112 |
|
|
10,868 |
|
|
|
Chubb Corp. |
|
558,180 |
|
|
33,409 |
|
|
|
Cigna Corp. |
|
404,583 |
|
|
112,443 |
|
@ |
|
Cisco Systems, Inc. |
|
1,859,807 |
|
|
30,000 |
|
|
|
Citigroup, Inc. |
|
248,700 |
|
|
1,993 |
|
|
|
CME Group, Inc. |
|
422,416 |
|
|
13,891 |
|
|
|
Coca-Cola Co. |
|
651,071 |
|
|
43,100 |
|
|
|
Coca-Cola Enterprises, Inc. |
|
395,658 |
|
|
49,715 |
|
|
|
Comcast Corp. – Class A |
|
862,058 |
|
|
12,400 |
|
@ |
|
Computer Sciences Corp. |
|
345,464 |
|
|
37,200 |
|
@, S |
|
Compuware Corp. |
|
236,220 |
|
|
47,700 |
|
|
|
ConAgra Foods, Inc. |
|
703,575 |
|
|
45,050 |
|
|
|
ConocoPhillips |
|
2,366,026 |
|
|
13,800 |
|
@, S |
|
Constellation Brands, Inc. |
|
176,088 |
|
|
24,700 |
|
|
|
Constellation Energy Group, Inc. |
|
604,409 |
|
|
21,200 |
|
|
|
Cooper Industries Ltd. |
|
511,768 |
|
|
6,300 |
|
|
|
Corning, Inc. |
|
56,763 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
United States (continued) |
|
|
|
|
7,700 |
|
|
|
Cummins, Inc. |
|
$ |
196,966 |
|
3,600 |
|
|
|
CVS Caremark Corp. |
|
104,148 |
|
|
9,450 |
|
|
|
Deere & Co. |
|
328,955 |
|
|
83,700 |
|
@ |
|
Dell, Inc. |
|
934,929 |
|
|
28,000 |
|
@ |
|
DIRECTV Group, Inc. |
|
616,280 |
|
|
14,265 |
|
|
|
Discover Financial Services |
|
145,931 |
|
|
27,350 |
|
|
|
Dover Corp. |
|
815,851 |
|
|
23,550 |
|
|
|
DTE Energy Co. |
|
875,825 |
|
|
1,435 |
|
|
|
Eaton Corp. |
|
66,498 |
|
|
40,416 |
|
@, S |
|
eBay, Inc. |
|
530,662 |
|
|
5,950 |
|
|
|
Edison International |
|
198,730 |
|
|
54,912 |
|
|
|
Eli Lilly & Co. |
|
1,875,245 |
|
|
10,900 |
|
|
|
Embarq Corp. |
|
355,776 |
|
|
46,750 |
|
@ |
|
EMC Corp. |
|
494,148 |
|
|
6,963 |
|
|
|
Entergy Corp. |
|
592,551 |
|
|
14,600 |
|
@ |
|
Express Scripts, Inc. |
|
839,646 |
|
|
103,750 |
|
S |
|
ExxonMobil Corp. |
|
8,315,563 |
|
|
22,000 |
|
|
|
Family Dollar Stores, Inc. |
|
611,160 |
|
|
25,500 |
|
|
|
Fidelity National Information Services, Inc. |
|
438,090 |
|
|
7,600 |
|
|
|
FirstEnergy Corp. |
|
445,208 |
|
|
23,650 |
|
@ |
|
Fiserv, Inc. |
|
807,411 |
|
|
8,400 |
|
|
|
Flowserve Corp. |
|
422,772 |
|
|
25,044 |
|
|
|
Fluor Corp. |
|
1,140,504 |
|
|
23,750 |
|
@ |
|
Forest Laboratories, Inc. |
|
574,275 |
|
|
2,900 |
|
S |
|
Freeport-McMoRan Copper & Gold, Inc. |
|
69,571 |
|
|
20,450 |
|
@, S |
|
GameStop Corp. |
|
446,833 |
|
|
66,600 |
|
|
|
Gap, Inc. |
|
867,132 |
|
|
14,200 |
|
S |
|
General Dynamics Corp. |
|
733,714 |
|
|
153,622 |
|
|
|
General Electric Co. |
|
2,637,690 |
|
|
23,600 |
|
|
|
Genuine Parts Co. |
|
923,940 |
|
|
2,568 |
|
|
|
Goldman Sachs Group, Inc. |
|
202,846 |
|
|
19,050 |
|
|
|
Goodrich Corp. |
|
641,033 |
|
|
200 |
|
@ |
|
Google, Inc. - Class A |
|
58,592 |
|
|
38,073 |
|
|
|
H&R Block, Inc. |
|
728,336 |
|
|
15,319 |
|
|
|
Harris Corp. |
|
534,327 |
|
|
19,750 |
|
|
|
Hasbro, Inc. |
|
529,300 |
|
|
3,188 |
|
|
|
Hess Corp. |
|
172,280 |
|
|
83,451 |
|
|
|
Hewlett-Packard Co. |
|
2,944,151 |
|
|
16,350 |
|
|
|
Honeywell International, Inc. |
|
455,511 |
|
|
75,000 |
|
|
|
Hudson City Bancorp., Inc. |
|
1,253,250 |
|
|
27,050 |
|
|
|
IMS Health, Inc. |
|
355,708 |
|
|
67,450 |
|
|
|
Intel Corp. |
|
930,810 |
|
|
32,300 |
|
|
|
International Business Machines Corp. |
|
2,635,680 |
|
|
23,400 |
|
|
|
International Paper Co. |
|
291,330 |
|
|
68,200 |
|
@ |
|
Interpublic Group of Cos., Inc. |
|
278,938 |
|
|
3,796 |
|
|
|
Invesco Ltd. |
|
47,640 |
|
|
27,150 |
|
|
|
Jabil Circuit, Inc. |
|
178,647 |
|
|
18,700 |
|
@ |
|
JDS Uniphase Corp. |
|
50,864 |
|
|
4,743 |
|
|
|
JM Smucker Co. |
|
215,190 |
|
|
25,700 |
|
|
|
Johnson & Johnson |
|
1,505,506 |
|
|
40,300 |
|
|
|
Johnson Controls, Inc. |
|
711,698 |
|
|
48,650 |
|
|
|
JPMorgan Chase & Co. |
|
1,540,259 |
|
|
18,208 |
|
@ |
|
King Pharmaceuticals, Inc. |
|
174,979 |
|
|
14,007 |
|
@ |
|
Laboratory Corp. of America Holdings |
|
887,484 |
|
|
13,623 |
|
@ |
|
Lexmark International, Inc. |
|
356,650 |
|
|
1,285 |
|
@ |
|
Life Technologies Corp. |
|
33,538 |
|
|
6,900 |
|
|
|
Lockheed Martin Corp. |
|
532,059 |
|
|
21,400 |
|
|
|
Loews Corp. |
|
586,146 |
|
|
550 |
|
|
|
M&T Bank Corp. |
|
35,338 |
|
|
27,395 |
|
|
|
McDonald’s Corp. |
|
1,609,456 |
|
|
29,850 |
|
|
|
Medtronic, Inc. |
|
911,022 |
|
|
46,158 |
|
|
|
Merck & Co., Inc. |
|
1,233,342 |
|
|
1,323 |
|
|
|
Metlife, Inc. |
|
38,049 |
|
|
74,144 |
|
|
|
Microsoft Corp. |
|
1,499,192 |
|
|
8,597 |
|
|
|
Murphy Oil Corp. |
|
378,698 |
|
|
15,400 |
|
@ |
|
Nasdaq Stock Market, Inc. |
|
331,100 |
|
|
28,880 |
|
@ |
|
National Oilwell Varco, Inc. |
|
817,015 |
|
|
31,150 |
|
S |
|
National Semiconductor Corp. |
|
342,650 |
|
|
100,627 |
|
|
|
News Corp. - Class A |
|
794,953 |
|
|
16,800 |
|
|
|
Noble Corp. |
|
450,072 |
|
|
10,150 |
|
|
|
Northern Trust Corp. |
|
465,784 |
|
|
11,950 |
|
|
|
Northrop Grumman Corp. |
|
489,353 |
|
|
18,500 |
|
|
|
Nucor Corp. |
|
660,080 |
|
|
6,695 |
|
|
|
NYSE Euronext |
|
159,408 |
|
|
24,400 |
|
|
|
Omnicom Group |
|
690,276 |
|
|
45,738 |
|
@ |
|
Oracle Corp. |
|
735,924 |
|
|
15,100 |
|
|
|
Parker Hannifin Corp. |
|
620,308 |
|
|
21,000 |
|
|
|
Pepsi Bottling Group, Inc. |
|
379,890 |
|
|
2,317 |
|
|
|
PepsiCo, Inc. |
|
131,374 |
|
|
132,300 |
|
|
|
Pfizer, Inc. |
|
2,173,689 |
|
|
8,300 |
|
|
|
PG&E Corp. |
|
315,732 |
|
|
9,828 |
|
|
|
Philip Morris International, Inc. |
|
414,348 |
|
|
30,050 |
|
|
|
Pitney Bowes, Inc. |
|
742,536 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
United States (continued) |
|
|
|
|
2,905 |
|
|
|
PNC Financial Services Group, Inc. |
|
$ |
153,297 |
|
20,450 |
|
|
|
PPG Industries, Inc. |
|
898,164 |
|
|
2,762 |
|
|
|
Precision Castparts Corp. |
|
173,177 |
|
|
13,717 |
|
|
|
Principal Financial Group, Inc. |
|
189,432 |
|
|
52,150 |
|
|
|
Procter & Gamble Co. |
|
3,355,853 |
|
|
4,522 |
|
|
|
Progress Energy, Inc. |
|
179,478 |
|
|
3,356 |
|
|
|
Prudential Financial, Inc. |
|
72,825 |
|
|
16,850 |
|
@ |
|
QLogic Corp. |
|
178,947 |
|
|
13,872 |
|
|
|
RadioShack Corp. |
|
136,639 |
|
|
10,217 |
|
|
|
Regions Financial Corp. |
|
104,111 |
|
|
22,526 |
|
|
|
Reynolds American, Inc. |
|
925,368 |
|
|
6,050 |
|
|
|
Robert Half International, Inc. |
|
126,385 |
|
|
1,993 |
|
S |
|
Rohm & Haas Co. |
|
136,341 |
|
|
29,119 |
|
S |
|
RR Donnelley & Sons Co. |
|
371,558 |
|
|
9,050 |
|
|
|
Ryder System, Inc. |
|
324,986 |
|
|
27,200 |
|
|
|
Safeway, Inc. |
|
592,960 |
|
|
95,165 |
|
|
|
Sara Lee Corp. |
|
873,615 |
|
|
52,150 |
|
|
|
Schering-Plough Corp. |
|
876,642 |
|
|
9,800 |
|
|
|
Sempra Energy |
|
457,366 |
|
|
13,900 |
|
|
|
Sherwin-Williams Co. |
|
819,127 |
|
|
5,750 |
|
S |
|
Snap-On, Inc. |
|
207,288 |
|
|
69,300 |
|
|
|
Southwest Airlines Co. |
|
599,445 |
|
|
1,900 |
|
@ |
|
Sovereign Bancorp., Inc. |
|
4,693 |
|
|
9,831 |
|
|
|
Spectra Energy Corp. |
|
159,852 |
|
|
25,400 |
|
@ |
|
St. Jude Medical, Inc. |
|
711,962 |
|
|
16,992 |
|
|
|
State Street Corp. |
|
715,533 |
|
|
9,611 |
|
|
|
Sunoco, Inc. |
|
381,941 |
|
|
35,290 |
|
|
|
Supervalu, Inc. |
|
420,304 |
|
|
30,950 |
|
@ |
|
Symantec Corp. |
|
372,329 |
|
|
26,050 |
|
@ |
|
Teradata Corp. |
|
349,852 |
|
|
13,471 |
|
|
|
Tesoro Petroleum Corp. |
|
123,798 |
|
|
20,050 |
|
|
|
Textron, Inc. |
|
305,362 |
|
|
168,607 |
|
|
|
Time Warner, Inc. |
|
1,525,893 |
|
|
9,150 |
|
|
|
TJX Cos., Inc. |
|
208,803 |
|
|
12,250 |
|
|
|
Torchmark Corp. |
|
442,838 |
|
|
5,242 |
|
|
|
Travelers Cos., Inc. |
|
228,813 |
|
|
8,650 |
|
S |
|
United States Steel Corp. |
|
262,960 |
|
|
38,926 |
|
|
|
UnumProvident Corp. |
|
579,997 |
|
|
42,758 |
|
|
|
US Bancorp. |
|
1,153,611 |
|
|
37,756 |
|
|
|
Valero Energy Corp. |
|
692,823 |
|
|
1,798 |
|
@ |
|
Varian Medical Systems, Inc. |
|
72,567 |
|
|
38,155 |
|
|
|
Verizon Communications, Inc. |
|
1,245,761 |
|
|
1,879 |
|
S |
|
VF Corp. |
|
98,253 |
|
|
56,267 |
|
|
|
Wal-Mart Stores, Inc. |
|
3,144,193 |
|
|
9,493 |
|
@ |
|
Waters Corp. |
|
391,396 |
|
|
3,334 |
|
@ |
|
Watson Pharmaceuticals, Inc. |
|
79,183 |
|
|
8,650 |
|
@ |
|
WellPoint, Inc. |
|
307,940 |
|
|
64,085 |
|
|
|
Wells Fargo & Co. |
|
1,851,416 |
|
|
64,600 |
|
|
|
Windstream Corp. |
|
572,356 |
|
|
16,100 |
|
|
|
Wyeth |
|
579,761 |
|
|
117,700 |
|
|
|
Xerox Corp. |
|
822,723 |
|
|
26,430 |
|
|
|
Xilinx, Inc. |
|
432,395 |
|
|
950 |
|
|
|
Zions Bancorp. |
|
30,296 |
|
|
|
|
|
|
|
|
126,007,078 |
|
|
|
|
|
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $297,403,223) |
|
221,894,291 |
|
|
REAL ESTATE INVESTMENT TRUSTS: 1.0% |
|
|
|||||
|
|
|
|
|
France: 0.2% |
|
|
|
|
3,893 |
|
|
|
Unibail |
|
523,138 |
|
|
|
|
|
|
|
|
523,138 |
|
|
|
|
|
|
Singapore: 0.2% |
|
|
|
|
309,000 |
|
@ |
|
Ascendas Real Estate Investment Trust |
|
305,288 |
|
|
|
|
|
|
|
|
305,288 |
|
|
|
|
|
|
United States: 0.6% |
|
|
|
|
6,979 |
|
|
|
Apartment Investment & Management Co. |
|
80,049 |
|
|
12,272 |
|
|
|
Equity Residential |
|
373,437 |
|
|
24,320 |
|
|
|
HCP, Inc. |
|
502,694 |
|
|
52,050 |
|
S |
|
Host Hotels & Resorts, Inc. |
|
391,416 |
|
|
|
|
|
|
|
|
1,347,596 |
|
|
|
|
|
|
Total Real Estate Investment Trusts |
|
|
|
|
|
|
|
|
(Cost $2,577,339) |
|
2,176,022 |
|
|
PREFERRED STOCK: 0.1% |
|
|
|||||
|
|
|
|
|
Germany: 0.1% |
|
|
|
|
5,593 |
|
|
|
Henkel KGaA - Vorzug |
|
157,823 |
|
|
127 |
|
|
|
Porsche AG |
|
8,292 |
|
|
|
|
|
|
Total Preferred Stock |
|
|
|
|
|
|
|
|
(Cost $224,024) |
|
166,115 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
Shares |
|
|
|
|
|
Value |
||
|
RIGHTS: 0.1% |
|
|
||||||
|
|
|
|
|
Belgium: 0.1% |
|
|
||
|
15,190 |
|
|
|
Anheuser-Busch InBev NV |
|
$ |
183,340 |
|
|
4,167 |
|
|
|
Forits |
|
— |
||
|
|
|
|
|
|
|
183,340 |
||
|
|
|
|
|
Spain: 0.0% |
|
|
||
|
94,442 |
|
|
|
Banco Santander SA |
|
57,895 |
||
|
|
|
|
|
|
|
57,895 |
||
|
|
|
|
|
United Kingdom: 0.0% |
|
|
||
|
48,742 |
|
|
|
Centrica PLC |
|
55,472 |
||
|
7,157 |
|
|
|
Standard Chartered PLC |
|
45,129 |
||
|
|
|
|
|
|
|
100,601 |
||
|
|
|
|
|
Total Rights |
|
|
||
|
|
|
|
|
(Cost $354,772) |
|
341,836 |
||
|
|
|
|
|
Total Long-Term Investments |
|
|
||
|
|
|
|
|
(Cost $300,559,358) |
|
224,578,264 |
||
|
SHORT-TERM INVESTMENTS: 1.6% |
|
|
||||||
|
|
|
|
|
Affiliated Mutual Fund: 1.6% |
|
|
||
|
3,701,000 |
|
S |
|
ING Institutional Prime Money Market Fund - Class I |
|
3,701,000 |
||
|
|
|
|
|
Total Short-Term Investments |
|
|
||
|
|
|
|
|
(Cost $3,701,000) |
|
3,701,000 |
||
|
|
|
|
|
Total Investments in Securities |
|
|
|
|
|
|
|
|
|
(Cost $304,260,358)* |
100.8% |
|
$ |
228,279,264 |
|
|
|
|
|
Other Assets and Liabilities - Net |
(0.8) |
|
(1,793,016) |
|
|
|
|
|
|
Net Assets |
100.0% |
|
$ |
226,486,248 |
|
|
|
|
|
|
|
|
||
|
|
|
@ |
|
Non-income producing security |
|
|
||
|
|
|
ADR |
|
American Depositary Receipt |
|
|
||
|
|
|
STRIP |
|
Separate Trading of Registered Interest and Principal of Securities |
|
|
||
|
|
|
S |
|
All or a portion of this security is segregated to cover collateral requirements for applicable futures, options, swaps, foreign forward currency contracts and/or when-issued or delayed-delivery securities. |
|
|
||
|
|
|
* |
|
Cost for federal income tax purposes is $310,787,139. |
|
|
||
|
|
|
|
|
Net unrealized depreciation consists of: |
|
|
||
|
|
|
|
|
Gross Unrealized Appreciation |
|
$ |
5,047,733 |
|
|
|
|
|
|
Gross Unrealized Depreciation |
|
(87,555,608) |
||
|
|
|
|
|
Net Unrealized Depreciation |
|
$ |
(82,507,875) |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
|
|
|
Percentage of |
|
Industry |
|
Net Assets |
|
Advertising |
|
0.4% |
|
Aerospace/Defense |
|
1.4 |
|
Agriculture |
|
1.4 |
|
Airlines |
|
0.7 |
|
Apartments |
|
0.2 |
|
Apparel |
|
0.1 |
|
Auto Manufacturers |
|
1.3 |
|
Auto Parts & Equipment |
|
1.1 |
|
Banks |
|
10.1 |
|
Beverages |
|
2.1 |
|
Biotechnology |
|
1.1 |
|
Building Materials |
|
0.7 |
|
Chemicals |
|
1.2 |
|
Commercial Services |
|
1.3 |
|
Computers |
|
4.4 |
|
Cosmetics/Personal Care |
|
1.8 |
|
Distribution/Wholesale |
|
0.9 |
|
Diversified |
|
0.4 |
|
Diversified Financial Services |
|
1.6 |
|
Electric |
|
3.9 |
|
Electrical Components & Equipment |
|
0.6 |
|
Electronics |
|
1.4 |
|
Engineering & Construction |
|
1.3 |
|
Entertainment |
|
0.3 |
|
Environmental Control |
|
0.0 |
|
Food |
|
3.5 |
|
Food Service |
|
0.1 |
|
Forest Products & Paper |
|
0.1 |
|
Gas |
|
1.5 |
|
Hand/Machine Tools |
|
0.2 |
|
Health Care |
|
0.2 |
|
Healthcare - Products |
|
1.5 |
|
Healthcare - Services |
|
1.0 |
|
Holding Companies - Diversified |
|
0.0 |
|
Home Builders |
|
0.2 |
|
Home Furnishings |
|
0.3 |
|
Hotels |
|
0.2 |
|
Household Products/Wares |
|
0.1 |
|
Insurance |
|
3.8 |
|
Internet |
|
0.4 |
|
Investment Companies |
|
0.0 |
|
Iron/Steel |
|
1.6 |
|
Leisure Time |
|
0.2 |
|
Lodging |
|
0.2 |
|
Machinery - Construction & Mining |
|
0.2 |
|
Machinery - Diversified |
|
0.5 |
|
Media |
|
2.6 |
|
Metal Fabricate/Hardware |
|
0.1 |
|
Mining |
|
1.4 |
|
Miscellaneous Manufacturing |
|
2.8 |
|
Office/Business Equipment |
|
0.7 |
|
Oil & Gas |
|
10.7 |
|
Oil & Gas Services |
|
0.8 |
|
Packaging & Containers |
|
0.4 |
|
Pharmaceuticals |
|
8.0 |
|
Pipelines |
|
0.1 |
|
Real Estate |
|
0.7 |
|
Retail |
|
3.8 |
|
Savings & Loans |
|
0.6 |
|
Semiconductors |
|
1.1 |
|
Software |
|
2.1 |
|
Telecommunications |
|
6.6 |
|
Toys/Games/Hobbies |
|
0.3 |
|
Transportation |
|
0.9 |
|
Venture Capital |
|
0.0 |
|
Water |
|
0.0 |
|
Short-Term Investments |
|
1.6 |
|
Other Assets and Liabilities - Net |
|
(0.8) |
|
Net Assets |
|
100.0% |
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
Fair Value Measurements - Effective March 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (“SFAS 157”), “Fair Value Measurements.” This new accounting statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (“GAAP”), and expands disclosures about fair value measurements. The three levels of the fair value hierarchy are as follows:
· Level 1 - quoted prices in active markets for identical investments
· Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
· Level 3 - significant unobservable inputs (including the Fund’s own assumption in determining the fair value of investments)
The inputs or methodology used in valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the inputs used as of November 30, 2008 in determining the Fund’s investments at fair value for purposes of SFAS 157:
|
|
|
Investments in |
|
Other Financial |
||
|
|
|
Securities |
|
Instruments* |
||
|
Level 1- Quoted Prices |
|
$ |
140,787,629 |
|
$ |
(186,219) |
|
Level 2- Other Significant Observable Inputs |
|
87,491,635 |
|
(4,751,375) |
||
|
Level 3- Significant Unobservable Inputs |
|
— |
|
— |
||
|
Total |
|
$ |
228,279,264 |
|
$ |
(4,937,594) |
“Fair value” for purposes of SFAS 157 is different from “fair value” as used in the 1940 Act. The former generally implies market value, and can include market quotations as a source of value, and the latter refers to determinations of actual value in absence of available market quotations.
*Other financial instruments may include forward foreign currency contracts, futures, swaps, and written options. Forward foreign currency contracts and futures are reported at their unrealized gain/loss at period end. Swaps and written options are reported at their market value at period end.
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
Written OTC Call Options
|
# of |
|
|
|
|
|
Expiration |
|
Strike |
|
Premiums |
|
|
||||
|
Contracts |
|
Counterparty |
|
Description |
|
Date |
|
Price/Rate |
|
Received |
|
Value |
||||
|
8,600 |
|
Morgan Stanley |
|
Dow Jones Euro Stoxx 50 |
|
12/08/08 |
|
2,456.50 |
EUR |
|
$ |
1,482,856 |
|
$ |
(698,719) |
|
|
3,500 |
|
Morgan Stanley |
|
FTSE 100 Index |
|
12/08/08 |
|
4,240.48 |
GBP |
|
1,221,748 |
|
(876,462) |
|||
|
208,000 |
|
Morgan Stanley |
|
Nikkei 225 Index |
|
12/08/08 |
|
8,663.10 |
JPY |
|
1,246,488 |
|
(597,220) |
|||
|
95,600 |
|
Goldman Sachs |
|
S&P 500® Index |
|
12/08/08 |
|
930.99 |
USD |
|
5,189,168 |
|
(1,388,765) |
|||
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,140,260 |
|
$ |
(3,561,166) |
|
|
|
|
|
|
Total Premiums Received: |
|
$ |
9,140,260 |
|
|
|
|
|
|
|
||
|
|
|
Total Liabilities for Options Written: |
|
$ |
3,561,166 |
|
|
|
|
|
|
|
||||
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
At November 30, 2008 the following forward foreign currency contracts were outstanding for the ING Global Advantage and Premium Opp:
|
Currency |
|
Buy/Sell |
|
Settlement |
|
In |
|
Value |
|
Unrealized |
|
|
|
Australian
Dollar |
|
|
|
|
|
USD |
|
|
|
|
|
|
|
SELL |
|
2/24/09 |
|
3,826,560 |
|
3,916,880 |
|
$ |
(90,320 |
) |
||
|
Swiss
Franc |
|
SELL |
|
2/24/09 |
|
7,568,418 |
|
7,451,555 |
|
|
116,863 |
|
|
EU
Euro |
|
SELL |
|
2/24/09 |
|
27,093,506 |
|
27,580,789 |
|
|
(487,283 |
) |
|
British
Pound |
|
SELL |
|
2/24/09 |
|
16,282,607 |
|
16,927,070 |
|
|
(644,463 |
) |
|
Japanese
Yen |
|
SELL |
|
2/24/09 |
|
20,924,070 |
|
21,009,076 |
|
|
(85,006 |
) |
|
|
|
|
|
|
|
|
|
|
|
$ |
(1,190,209 |
) |
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Advantage and Premium Opportunity Fund |
|
as of November 30, 2008 (Unaudited) (continued) |
ING Global Advantage and Premium Opportunity Fund Open Futures Contracts on November 30, 2008
|
|
|
|
|
|
|
Unrealized |
|
|
|
|
Number |
|
|
|
Appreciation/ |
|
|
Contract Description |
|
of Contracts |
|
Expiration Date |
|
(Depreciation) |
|
|
Long Contracts |
|
|
|
|
|
|
|
|
S&P 500 |
|
21 |
|
12/18/08 |
|
$ |
(186,219) |
|
|
|
|
|
|
|
$ |
(186,219) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
(Registrant): ING Global Advantage and Premium Opportunity Fund |
||
|
|
|
|
|
By |
/s/ Shaun P. Mathews |
|
|
|
Shaun P. Mathews |
|
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
Date: |
January 29, 2009 |
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By |
/s/ Shaun P. Mathews |
|
|
|
Shaun P. Mathews |
|
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
Date: |
January 29, 2009 |
|
|
|
|
|
|
By |
/s/ Todd Modic |
|
|
|
Todd Modic |
|
|
|
Senior Vice President and Chief Financial Officer |
|
|
|
|
|
|
Date: |
January 29, 2009 |
|