This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ING U.S. Investment Management Launches R6 Shares For Retirement Plans And Institutional Accounts

NEW YORK, Sept. 17, 2013 /PRNewswire/ -- ING U.S. Investment Management announced today the launch of R6 shares for nine of its affiliated mutual funds, including those most popular in its defined contribution investment only (DCIO) business.  The new share class, which represents the lowest in the fund family in terms of cost for DCIO institutional funds, is designed for defined contribution and defined benefit retirement plans as well as other institutional clients, such as endowments and foundations.  The shares allow plans additional flexibility in structuring their fees and expenses.

"This new share class responds to the needs of the marketplace and to our DCIO business," said Paula Smith, vice president and head of DCIO products at ING U.S. Investment Management.  "The shares support registered investment advisors who are seeking to best service their retirement plan clients as well as our institutional business broadly.  R6 shares are lower cost and respond to the Department of Labor's 'service provider' fee disclosure requirements."

The new R6 shares are initially available for nine key funds, including the ING Small Cap Opportunities Fund, ING Mid-Cap Opportunities Fund, ING Large Cap Growth Fund, ING Large-Cap Value Fund and ING Intermediate Bond Fund.  Additional funds may be added in the months ahead.

The R6 shares have no front-end sales charge, no 12b-1 fees and no third-party service fees.  There are no minimums for investors in retirement plans.  Certain non-retirement accounts will require a $1 million minimum investment.

Plans that are eligible for R6 shares include defined contribution plans such as 401(k)s, 403(b)s and 457s.  The R6 shares will also be made available to existing ING "Fund of Funds" in order to realize cost savings for those shareholders.  Plans that are not eligible include individual retirement accounts (IRAs), Simplified Employee Pensions (SEPs), Savings Incentive Match Plans for Employees (SIMPLEs) and individual 403(b) accounts.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs