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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, 2010

 



 

Item 1. Schedule of Investments

 

The schedules of investments as of the close of the reporting period are set forth below for:

 

ING Global Advantage and Premium Opportunity Fund

 

The schedules are not audited.

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited)

 

Shares

 

 

 

 

 

Value

COMMON STOCK: 94.3%

 

 

 

 

 

 

Australia: 3.2%

 

 

27,083

 

 

 

Amcor Ltd.

 

$

167,219

4,970

 

 

 

AMP Ltd.

 

24,050

24,652

 

 

 

Australia & New Zealand Banking Group Ltd.

 

534,366

14,033

 

 

 

Bendigo Bank Ltd.

 

132,707

30,613

 

 

 

BHP Billiton Ltd.

 

1,258,588

72,384

 

 

 

Brambles Ltd.

 

471,419

7,748

 

 

 

Caltex Australia Ltd.

 

97,398

811

 

 

 

Cochlear Ltd.

 

60,759

16,304

 

 

 

Commonwealth Bank of Australia

 

752,838

8,005

 

 

 

Computershare Ltd.

 

75,625

6,156

 

 

 

CSL Ltd.

 

205,678

7,680

 

@

 

Fortescue Metals Group Ltd.

 

47,004

65,424

 

 

 

Incitec Pivot Ltd.

 

233,846

12,941

 

 

 

MacArthur Coal Ltd.

 

147,836

4,131

 

 

 

Macquarie Group Ltd.

 

140,094

77,708

 

 

 

Metcash Ltd.

 

310,457

16,873

 

 

 

National Australia Bank Ltd.

 

378,373

2,546

 

 

 

Newcrest Mining Ltd.

 

96,377

21,392

 

 

 

OneSteel Ltd.

 

51,139

3,529

 

 

 

Origin Energy Ltd.

 

53,191

15,444

 

 

 

QBE Insurance Group Ltd.

 

249,003

6,481

 

 

 

Rio Tinto Ltd.

 

508,858

3,721

 

 

 

Suncorp-Metway Ltd.

 

32,152

3,447

 

 

 

Wesfarmers Ltd.

 

103,688

24,312

 

 

 

Westpac Banking Corp.

 

497,079

9,890

 

 

 

Woodside Petroleum Ltd.

 

396,790

22,665

 

 

 

Woolworths Ltd.

 

582,033

 

 

 

 

 

 

7,608,567

 

 

 

 

Austria: 0.2%

 

 

12,270

 

 

 

OMV AG

 

411,763

 

 

 

 

 

 

411,763

 

 

 

 

Barbados: 0.0%

 

 

4,300

 

@

 

Nabors Industries Ltd.

 

94,987

 

 

 

 

 

 

94,987

 

 

 

 

Belgium: 0.6%

 

 

13,984

 

 

 

Anheuser-Busch InBev NV

 

764,499

23,361

 

@

 

Anheuser-Busch InBev NV

 

121

5,128

 

 

 

Delhaize Group

 

350,643

12,364

 

 

 

Fortis

 

27,975

1,704

 

 

 

Groupe Bruxelles Lambert S.A.

 

133,500

807

 

@

 

KBC Groep NV

 

28,243

 

 

 

 

 

 

1,304,981

 

 

 

 

Bermuda: 0.1%

 

 

2,800

 

 

 

Tyco International Ltd.

 

106,092

1,900

 

 

 

XL Group Plc

 

37,354

 

 

 

 

 

 

143,446

 

 

 

 

Denmark: 0.6%

 

 

5,075

 

 

 

Carlsberg A/S

 

478,992

1,700

 

 

 

Coloplast A/S

 

226,254

1,249

 

@

 

Danske Bank A/S

 

30,980

5,981

 

 

 

Novo-Nordisk A/S

 

593,512

 

 

 

 

 

 

1,329,738

 

 

 

 

Finland: 1.0%

 

 

8,828

 

 

 

Kone OYJ

 

461,936

757

 

 

 

Metso OYJ

 

38,861

27,235

 

 

 

Nokia OYJ

 

251,858

9,141

 

 

 

Orion OYJ

 

185,411

8,244

 

 

 

Pohjola Bank PLC

 

93,510

1,230

 

 

 

Sampo OYJ

 

30,074

50,704

 

 

 

Stora Enso OYJ (Euro Denominated Security)

 

436,645

30,799

 

 

 

UPM-Kymmene OYJ

 

457,200

6,352

 

 

 

Wartsila OYJ

 

440,027

 

 

 

 

 

 

2,395,522

 

 

 

 

France: 2.5%

 

 

21,865

 

 

 

AXA S.A.

 

313,115

10,582

 

 

 

BNP Paribas

 

625,918

226

 

 

 

Christian Dior S.A.

 

31,229

6,445

 

 

 

CNP Assurances

 

103,226

5,526

 

 

 

Compagnie Generale des Etablissements Michelin

 

372,540

16,373

 

 

 

Credit Agricole S.A.

 

200,063

9,030

 

 

 

France Telecom S.A.

 

183,126

1,922

 

 

 

Gaz de France

 

63,527

2,178

 

 

 

Hermes International

 

411,965

406

 

 

 

LVMH Moet Hennessy Louis Vuitton S.A.

 

61,904

2,134

 

 

 

PPR

 

338,976

12,002

 

 

 

Sanofi-Aventis

 

727,545

3,314

 

 

 

Schneider Electric S.A.

 

464,486

5,807

 

 

 

Scor S.A.

 

135,481

1,593

 

 

 

Societe BIC S.A.

 

129,309

7,529

 

 

 

Societe Generale

 

348,124

472

 

 

 

Sodexho Alliance S.A.

 

29,755

15,597

 

 

 

Total S.A.

 

757,083

27,314

 

 

 

Vivendi

 

665,063

 

 

 

 

 

 

5,962,435

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

Germany: 3.0%

 

 

5,137

 

 

 

Allianz AG

 

$

562,480

12,144

 

 

 

BASF AG

 

904,017

5,450

 

 

 

Bayer AG

 

394,811

2,435

 

 

 

Bayerische Motoren Werke AG

 

182,759

2,856

 

@

 

DaimlerChrysler AG

 

184,438

10,694

 

 

 

Deutsche Bank AG

 

506,380

648

 

 

 

Deutsche Boerse AG

 

39,147

41,402

 

 

 

Deutsche Telekom AG

 

529,588

28,217

 

 

 

E.ON AG

 

807,763

2,219

 

 

 

Hannover Rueckversicheru - Reg

 

103,372

1,252

 

 

 

Henkel KGaA

 

63,355

6,198

 

 

 

Infineon Technologies AG

 

55,131

2,116

 

 

 

Linde AG

 

295,106

2,371

 

 

 

Muenchener Rueckversicherungs AG

 

328,875

7,574

 

 

 

RWE AG

 

470,507

12,372

 

 

 

SAP AG

 

576,258

10,376

 

 

 

Siemens AG

 

1,130,942

7,113

 

@

 

TUI AG

 

74,660

2,108

 

 

 

United Internet AG

 

29,711

 

 

 

 

 

 

7,239,300

 

 

 

 

Greece: 0.2%

 

 

2,606

 

@

 

National Bank of Greece S.A.

 

21,689

25,038

 

 

 

Public Power Corp.

 

347,671

 

 

 

 

 

 

369,360

 

 

 

 

Guernsey: 0.0%

 

 

12,323

 

 

 

Resolution Ltd

 

41,281

 

 

 

 

 

 

41,281

 

 

 

 

Hong Kong: 1.3%

 

 

44,170

 

@

 

AIA Group Ltd.

 

127,435

61,500

 

 

 

BOC Hong Kong Holdings Ltd.

 

210,989

87,000

 

 

 

Cathay Pacific Airways Ltd.

 

253,246

8,000

 

 

 

Cheung Kong Holdings Ltd.

 

117,842

24,500

 

 

 

CLP Holdings Ltd.

 

201,561

45,000

 

 

 

Hang Lung Properties Ltd.

 

208,932

3,200

 

 

 

Hang Seng Bank Ltd.

 

52,580

6,800

 

 

 

Hong Kong Exchanges and Clearing Ltd.

 

155,220

38,500

 

 

 

HongKong Electric Holdings

 

247,656

5,000

 

 

 

Hutchison Whampoa Ltd.

 

49,905

22,000

 

 

 

Hysan Development Co., Ltd.

 

91,111

42,000

 

 

 

Li & Fung Ltd.

 

261,612

37,000

 

 

 

Orient Overseas International Ltd.

 

357,875

346,000

 

 

 

PCCW Ltd.

 

136,461

18,000

 

 

 

Sun Hung Kai Properties Ltd.

 

296,357

14,000

 

 

 

Swire Pacific Ltd.

 

214,934

27,000

 

 

 

Wharf Holdings Ltd.

 

180,842

 

 

 

 

 

 

3,164,558

 

 

 

 

Ireland: 0.0%

 

 

700

 

 

 

Ingersoll-Rand PLC

 

28,700

 

 

 

 

 

 

28,700

 

 

 

 

Israel: 0.3%

 

 

25,551

 

 

 

Bank Leumi Le-Israel BM

 

120,319

27,827

 

 

 

Bezeq Israeli Telecommunication Corp. Ltd.

 

74,470

156

 

 

 

Delek Group Ltd.

 

40,794

2,043

 

 

 

Israel Chemicals Ltd.

 

29,474

48

 

@

 

Israel Corp. Ltd.

 

51,007

1,039

 

@

 

NICE Systems Ltd.

 

31,770

8,924

 

 

 

Teva Phaemaceutical Industries Ltd.

 

449,360

 

 

 

 

 

 

797,194

 

 

 

 

Italy: 1.3%

 

 

7,084

 

 

 

Assicurazioni Generali S.p.A.

 

124,119

6,196

 

 

 

Banco Popolare Scarl

 

25,615

134,763

 

 

 

Enel S.p.A.

 

633,123

37,897

 

 

 

ENI S.p.A.

 

762,549

110,090

 

 

 

Intesa Sanpaolo S.p.A.

 

286,352

52,624

 

 

 

Intesa Sanpaolo S.p.A. - RNC

 

112,566

50,453

 

 

 

Pirelli & C S.p.A.

 

383,527

241,992

 

 

 

Telecom Italia S.p.A.

 

297,783

224,738

 

 

 

Telecom Italia S.p.A. RNC

 

234,890

161,926

 

 

 

UniCredito Italiano S.p.A.

 

312,990

 

 

 

 

 

 

3,173,514

 

 

 

 

Japan: 9.0%

 

 

7,900

 

 

 

Aisin Seiki Co., Ltd.

 

255,524

7,600

 

 

 

Alfresa Holdings Corp.

 

314,805

24,050

 

 

 

Asahi Glass Co., Ltd.

 

267,415

17,000

 

 

 

Bridgestone Corp.

 

312,641

15,000

 

 

 

Brother Industries Ltd.

 

214,910

14,800

 

 

 

Canon, Inc.

 

696,344

67

 

 

 

Central Japan Railway Co.

 

516,618

10,100

 

 

 

Chubu Electric Power Co., Inc.

 

241,449

42,000

 

 

 

Cosmo Oil Co., Ltd.

 

118,949

7,900

 

 

 

Credit Saison Co., Ltd.

 

126,117

22

 

 

 

Dai-ichi Life Insurance Co. Ltd.

 

31,620

30,600

 

 

 

Dainippon Sumitomo Pharma Co., Ltd.

 

265,058

800

 

 

 

Daito Trust Construction Co., Ltd.

 

49,425

9,881

 

 

 

East Japan Railway Co.

 

589,939

11,100

 

 

 

Electric Power Development Co.

 

338,520

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

Japan (continued)

 

 

26,600

 

@

 

Elpida Memory, Inc.

 

$

315,865

33,000

 

 

 

Fuji Heavy Industries Ltd.

 

243,365

33,000

 

 

 

Fukuoka Financial Group, Inc.

 

126,752

21,000

 

 

 

Gunma Bank Ltd.

 

104,882

22,000

 

 

 

Hachijuni Bank Ltd.

 

113,816

11,100

 

 

 

Honda Motor Co., Ltd.

 

401,497

2,200

 

 

 

Idemitsu Kosan Co., Ltd.

 

204,423

55,800

 

 

 

Itochu Corp.

 

516,760

65

 

 

 

Japan Tobacco, Inc.

 

221,000

16,500

 

 

 

JFE Holdings, Inc.

 

523,215

13,800

 

 

 

Kansai Electric Power Co., Inc.

 

332,037

10,100

 

 

 

Kao Corp.

 

252,898

600

 

 

 

Keyence Corp.

 

151,032

33,000

 

 

 

Konica Minolta Holdings, Inc.

 

339,418

79,000

 

 

 

Marubeni Corp.

 

511,339

36,000

 

 

 

Mazda Motor Corp.

 

99,746

7,500

 

 

 

McDonald’s Holdings Co. Japan Ltd.

 

186,498

3,100

 

 

 

Mediceo Paltac Holdings Co., Ltd.

 

33,778

29,000

 

 

 

Mitsubishi Corp.

 

732,131

6,000

 

 

 

Mitsubishi Estate Co., Ltd.

 

101,130

139,800

 

 

 

Mitsubishi UFJ Financial Group, Inc.

 

662,866

2,820

 

 

 

Mitsubishi UFJ Lease & Finance Co. Ltd

 

102,956

41,000

 

 

 

Mitsui & Co., Ltd.

 

639,349

3,497

 

 

 

Mitsui Fudosan Co., Ltd.

 

61,806

9,300

 

 

 

Mitsui Sumitomo Insurance Group Holdings, Inc.

 

212,694

146,303

 

 

 

Mizuho Financial Group, Inc.

 

231,091

45,000

 

 

 

Mizuho Securities Co. Ltd

 

105,279

6,800

 

 

 

Murata Manufacturing Co., Ltd.

 

414,418

18,000

 

 

 

Nippon Express Co., Ltd.

 

71,717

17,800

 

 

 

Nippon Paper Group, Inc.

 

422,149

115,000

 

 

 

Nippon Steel Corp.

 

379,958

9,200

 

 

 

Nippon Telegraph & Telephone Corp.

 

417,070

41,163

 

 

 

Nishi-Nippon City Bank Ltd.

 

113,818

29,700

 

 

 

Nissan Motor Co., Ltd.

 

277,781

13,500

 

 

 

Nisshin Seifun Group, Inc.

 

163,187

18,000

 

 

 

Nisshinbo Industries, Inc.

 

184,972

8,579

 

@

 

NKSJ Holdings, Inc.

 

57,325

19,000

 

 

 

Nomura Holdings, Inc.

 

109,572

21

 

 

 

NTT Data Corp.

 

69,014

29

 

 

 

NTT DoCoMo, Inc.

 

47,059

292

 

 

 

Obic Co., Ltd.

 

52,687

1,800

 

 

 

ORIX Corp.

 

153,528

27,000

 

 

 

Ricoh Co., Ltd.

 

379,217

25,800

 

 

 

Sega Sammy Holdings, Inc.

 

434,021

62,000

 

 

 

Sekisui Chemical Co., Ltd.

 

424,913

20,800

 

 

 

Seven & I Holdings Co., Ltd.

 

508,172

88,000

 

 

 

Shinsei Bank Ltd.

 

76,581

12,700

 

 

 

Softbank Corp.

 

439,722

15,800

 

 

 

Sojitz Corp.

 

31,210

40,000

 

 

 

Sumitomo Corp.

 

520,695

2,000

 

 

 

Sumitomo Metal Mining Co., Ltd.

 

31,381

10,200

 

 

 

Sumitomo Mitsui Financial Group, Inc.

 

313,229

13,532

 

 

 

Takeda Pharmaceutical Co., Ltd.

 

628,301

3,700

 

 

 

TDK Corp.

 

237,595

10,589

 

 

 

Tokio Marine Holdings, Inc.

 

299,726

13,800

 

 

 

Tokyo Electric Power Co., Inc.

 

321,593

14,000

 

 

 

Toshiba Corp.

 

72,730

18,300

 

 

 

Toyo Seikan Kaisha Ltd.

 

328,519

2,500

 

 

 

Toyoda Gosei Co., Ltd.

 

56,894

26,600

 

 

 

Toyota Motor Corp.

 

1,031,092

5,610

 

 

 

USS Co., Ltd.

 

406,308

4,000

 

 

 

Yamaguchi Financial Group, Inc.

 

35,690

 

 

 

 

 

 

21,378,801

 

 

 

 

Kazakhstan: 0.1%

 

 

21,433

 

 

 

Eurasian Natural Resources Corp.

 

292,879

 

 

 

 

 

 

292,879

 

 

 

 

Malaysia: 0.0%

 

 

20,000

 

@

 

Genting International PLC

 

30,445

 

 

 

 

 

 

30,445

 

 

 

 

Netherlands: 2.2%

 

 

7,668

 

 

 

ASML Holding NV

 

249,560

5,066

 

 

 

Delta Lloyd NV

 

90,621

16,347

 

@

 

European Aeronautic Defence and Space Co. NV

 

366,658

9,345

 

 

 

Heineken NV

 

432,329

9,011

 

 

 

Koninklijke DSM NV

 

439,565

27,603

 

 

 

Koninklijke KPN NV

 

393,561

23,330

 

 

 

Koninklijke Philips Electronics NV

 

630,799

1,282

 

 

 

Koninklijke Vopak NV

 

58,835

21,798

 

 

 

Royal Dutch Shell PLC - Class A

 

656,952

26,139

 

 

 

Royal Dutch Shell PLC - Class B

 

776,935

16,909

 

 

 

TNT NV

 

403,271

28,836

 

 

 

Unilever NV

 

812,838

 

 

 

 

 

 

5,311,924

 

 

 

 

New Zealand: 0.1%

 

 

136,771

 

 

 

Telecom Corp. of New Zealand Ltd.

 

219,581

 

 

 

 

 

 

219,581

 

 

 

 

Norway: 0.0%

 

 

2,236

 

 

 

DnB NOR ASA

 

27,363

 

 

 

 

 

 

27,363

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

Portugal: 0.2%

 

 

29,959

 

 

 

Banco Espirito Santo S.A.

 

$

108,193

9,779

 

 

 

Cimpor Cimentos de Portugal SG

 

55,306

2,299

 

 

 

Jeronimo Martins

 

32,449

17,129

 

 

 

Portugal Telecom SGPS S.A.

 

217,113

 

 

 

 

 

 

413,061

 

 

 

 

Singapore: 0.5%

 

 

24,000

 

 

 

DBS Group Holdings Ltd.

 

254,316

15,000

 

 

 

Jardine Cycle & Carriage Ltd.

 

420,509

37,000

 

 

 

Oversea-Chinese Banking Corp.

 

278,196

18,000

 

 

 

United Overseas Bank Ltd.

 

252,253

28,000

 

 

 

United Overseas Land Ltd.

 

95,824

 

 

 

 

 

 

1,301,098

 

 

 

 

Spain: 1.3%

 

 

51,295

 

 

 

Banco Bilbao Vizcaya Argentaria S.A.

 

471,209

30,580

 

 

 

Banco De Sabadell S.A.

 

118,575

5,102

 

 

 

Banco Popular Espanol S.A.

 

25,939

86,887

 

 

 

Banco Santander Central Hispano S.A.

 

828,278

39,442

 

 

 

Corp. Mapfre S.A.

 

99,912

24,728

 

 

 

Criteria Caixacorp S.A.

 

121,267

1,129

 

 

 

Inditex S.A.

 

85,154

8,807

 

 

 

Indra Sistemas S.A.

 

140,751

22,403

 

 

 

Repsol YPF S.A.

 

540,023

32,654

 

@

 

Telefonica S.A.

 

693,490

 

 

 

 

 

 

3,124,598

 

 

 

 

Sweden: 1.7%

 

 

7,627

 

 

 

Alfa Laval AB

 

133,990

6,714

 

 

 

Atlas Copco AB - Class A

 

148,260

23,951

 

 

 

Atlas Copco AB - Class B

 

471,127

25,242

 

 

 

Boliden AB

 

434,091

7,420

 

 

 

Getinge AB

 

155,842

9,168

 

 

 

Investor AB

 

177,757

6,003

 

 

 

Kinnevik Investment AB

 

118,576

5,814

 

 

 

Modern Times Group AB

 

424,395

24,264

 

 

 

Nordea Bank AB

 

242,138

3,266

 

 

 

Ratos AB

 

109,132

22,143

 

 

 

Scania AB - B Shares

 

452,620

16,653

 

 

 

Skanska AB

 

296,261

32,643

 

 

 

Svenska Cellulosa AB - B Shares

 

476,402

1,996

 

 

 

Svenska Handelsbanken AB

 

59,642

7,116

 

 

 

Tele2 AB - B Shares

 

142,288

26,745

 

 

 

Telefonaktiebolaget LM Ericsson

 

276,045

 

 

 

 

 

 

4,118,566

 

 

 

 

Switzerland: 2.9%

 

 

4,003

 

@

 

ABB Ltd.

 

77,494

11,700

 

 

 

ACE Ltd.

 

684,684

12,246

 

 

 

Compagnie Financiere Richemont S.A.

 

660,516

13,359

 

 

 

Credit Suisse Group

 

493,938

26,353

 

 

 

Nestle S.A.

 

1,431,745

23,994

 

 

 

Novartis AG

 

1,277,840

459

 

 

 

Pargesa Holding S.A.

 

34,490

6,781

 

 

 

Roche Holding AG - Genusschein

 

929,907

1,681

 

 

 

Swiss Reinsurance

 

77,631

38,223

 

@

 

UBS AG - Reg

 

575,742

7,973

 

 

 

Xstrata PLC

 

160,070

1,820

 

 

 

Zurich Financial Services AG

 

404,945

 

 

 

 

 

 

6,809,002

 

 

 

 

United Kingdom: 8.0%

 

 

6,637

 

 

 

3i Group PLC

 

30,832

16,502

 

 

 

Aggreko PLC

 

376,275

2,163

 

 

 

Amec PLC

 

36,402

11,638

 

 

 

Anglo American PLC

 

510,407

13,279

 

 

 

AstraZeneca PLC

 

620,723

8,332

 

@

 

Autonomy Corp. PLC

 

172,867

44,527

 

 

 

Aviva PLC

 

245,637

134,169

 

 

 

Barclays PLC

 

539,056

17,840

 

 

 

BG Group PLC

 

322,536

32,296

 

 

 

BHP Billiton PLC

 

1,147,597

201,804

 

 

 

BP PLC

 

1,347,042

29,827

 

 

 

British American Tobacco PLC

 

1,082,841

148,808

 

 

 

BT Group PLC

 

393,680

10,670

 

 

 

Burberry Group PLC

 

165,433

49,339

 

 

 

Cable & Wireless Worldwide PLC

 

47,313

63,279

 

@

 

Cairn Energy PLC

 

380,904

3,581

 

 

 

Capita Group PLC

 

36,352

5,685

 

 

 

Centrica PLC

 

27,167

64,076

 

 

 

Compass Group PLC

 

554,132

45,484

 

 

 

Diageo PLC

 

812,079

40,907

 

 

 

GlaxoSmithKline PLC

 

774,819

159,477

 

 

 

HSBC Holdings PLC

 

1,613,831

17,757

 

 

 

ICAP PLC

 

131,336

6,027

 

 

 

Imperial Tobacco Group PLC

 

176,973

121,026

 

 

 

Legal & General Group PLC

 

172,164

490,535

 

@

 

Lloyds TSB Group PLC

 

463,291

77,289

 

 

 

National Grid PLC

 

682,624

79,003

 

 

 

Old Mutual PLC

 

145,590

25,661

 

 

 

Pearson PLC

 

370,116

19,516

 

 

 

Petrofac Ltd.

 

422,674

14,806

 

 

 

Prudential PLC

 

131,012

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

United Kingdom (continued)

 

 

4,553

 

 

 

Reckitt Benckiser PLC

 

$

241,334

12,740

 

 

 

Rio Tinto PLC

 

812,218

57,531

 

 

 

Rolls-Royce Group PLC

 

545,076

3,709,696

 

@

 

Rolls-Royce Group PLC

 

5,770

59,996

 

@

 

Royal Bank of Scotland Group PLC

 

35,175

10,787

 

 

 

Scottish & Southern Energy PLC

 

188,031

9,442

 

 

 

Shire PLC

 

221,241

20,916

 

 

 

Smith & Nephew PLC

 

189,990

4,268

 

 

 

Smiths Group PLC

 

75,654

25,915

 

 

 

Standard Chartered PLC

 

698,098

76,972

 

 

 

Tesco PLC

 

496,641

9,829

 

 

 

Unilever PLC

 

275,279

4,345

 

 

 

Vedanta Resources PLC

 

134,170

436,503

 

 

 

Vodafone Group PLC

 

1,089,035

3,692

 

 

 

Whitbread PLC

 

97,115

1,137

 

@

 

Wolseley PLC

 

30,478

 

 

 

 

 

 

19,069,010

 

 

 

 

United States: 54.0%

 

 

20,400

 

 

 

3M Co.

 

1,713,192

29,201

 

 

 

Abbott Laboratories

 

1,358,139

2,800

 

@

 

Adobe Systems, Inc.

 

77,644

3,700

 

@

 

Advanced Micro Devices, Inc.

 

26,973

9,200

 

@

 

AES Corp.

 

99,452

4,100

 

 

 

Aetna, Inc.

 

121,442

3,078

 

 

 

Aflac, Inc.

 

158,517

16,600

 

@

 

Agilent Technologies, Inc.

 

581,332

1,100

 

 

 

Air Products & Chemicals, Inc.

 

94,842

4,400

 

 

 

Airgas, Inc.

 

268,840

4,900

 

 

 

AK Steel Holding Corp.

 

65,072

11,700

 

@

 

Akamai Technologies, Inc.

 

610,623

9,500

 

 

 

Alcoa, Inc.

 

124,640

1,200

 

 

 

Allegheny Energy, Inc.

 

27,384

3,100

 

 

 

Allergan, Inc.

 

205,437

2,900

 

 

 

Allstate Corp.

 

84,419

21,600

 

 

 

Altera Corp.

 

757,944

66,900

 

 

 

Altria Group, Inc.

 

1,605,600

2,100

 

@

 

Amazon.com, Inc.

 

368,340

1,300

 

 

 

Ameren Corp.

 

37,336

3,400

 

 

 

American Electric Power Co., Inc.

 

121,040

25,800

 

 

 

American Express Co.

 

1,115,076

700

 

@

 

American International Group, Inc.

 

28,903

10,300

 

@

 

American Tower Corp.

 

520,871

9,100

 

 

 

Ameriprise Financial, Inc.

 

471,744

14,952

 

 

 

AmerisourceBergen Corp.

 

461,269

5,669

 

@

 

Amgen, Inc.

 

298,700

11,400

 

 

 

Amphenol Corp.

 

570,342

2,700

 

 

 

Anadarko Petroleum Corp.

 

173,232

1,600

 

 

 

Analog Devices, Inc.

 

56,896

3,900

 

 

 

AON Corp.

 

156,468

2,400

 

 

 

Apache Corp.

 

258,336

2,600

 

@

 

Apollo Group, Inc. - Class A

 

88,400

12,303

 

@

 

Apple, Inc.

 

3,828,078

15,000

 

 

 

Applied Materials, Inc.

 

186,450

10,666

 

 

 

Archer-Daniels-Midland Co.

 

309,207

13,200

 

 

 

Assurant, Inc.

 

465,564

49,300

 

 

 

AT&T, Inc.

 

1,370,047

1,200

 

@

 

Autodesk, Inc.

 

42,348

2,700

 

 

 

Automatic Data Processing, Inc.

 

120,339

2,300

 

@

 

Autozone, Inc.

 

596,643

2,400

 

 

 

Avery Dennison Corp.

 

90,096

17,000

 

 

 

Avon Products, Inc.

 

485,520

8,000

 

 

 

Baker Hughes, Inc.

 

417,280

67,640

 

 

 

Bank of America Corp.

 

740,658

6,600

 

 

 

Bank of New York Mellon Corp.

 

178,134

4,700

 

 

 

Baxter International, Inc.

 

228,185

3,700

 

 

 

BB&T Corp.

 

85,840

1,700

 

 

 

Becton Dickinson & Co.

 

132,481

1,400

 

@

 

Bed Bath & Beyond, Inc.

 

61,236

13,700

 

@

 

Berkshire Hathaway, Inc.

 

1,091,616

1,900

 

 

 

Best Buy Co., Inc.

 

81,168

2,400

 

@

 

Big Lots, Inc.

 

73,560

8,200

 

@

 

Biogen Idec, Inc.

 

524,554

2,500

 

@

 

BMC Software, Inc.

 

111,000

11,900

 

 

 

Boeing Co.

 

758,863

22,600

 

@

 

Boston Scientific Corp.

 

145,092

49,600

 

 

 

Bristol-Myers Squibb Co.

 

1,251,904

3,000

 

 

 

Broadcom Corp.

 

133,470

1,969

 

 

 

Brown-Forman Corp.

 

128,812

16,992

 

 

 

CA, Inc.

 

388,947

2,800

 

 

 

Cabot Oil & Gas Corp.

 

97,916

12,000

 

@

 

Cameron International Corp.

 

577,320

1,764

 

 

 

Campbell Soup Co.

 

59,800

2,500

 

 

 

Capital One Financial Corp.

 

93,075

20,500

 

 

 

Cardinal Health, Inc.

 

729,390

5,300

 

@

 

CareFusion Corp.

 

121,211

3,200

 

@

 

Carmax, Inc.

 

105,280

3,000

 

 

 

Carnival Corp.

 

123,930

3,400

 

 

 

Caterpillar, Inc.

 

287,640

4,900

 

@

 

CB Richard Ellis Group, Inc.

 

94,031

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

United States (continued)

 

 

3,700

 

 

 

CBS Corp. - Class B

 

$

62,308

2,500

 

@

 

Celgene Corp.

 

148,450

19,300

 

 

 

CenterPoint Energy, Inc.

 

301,659

11,900

 

 

 

CenturyTel, Inc.

 

511,581

1,400

 

@

 

Cephalon, Inc.

 

88,886

400

 

@

 

Cerner Corp.

 

35,144

500

 

 

 

CH Robinson Worldwide, Inc.

 

36,855

5,300

 

 

 

Charles Schwab Corp.

 

79,659

3,500

 

 

 

Chesapeake Energy Corp.

 

73,920

38,542

 

 

 

Chevron Corp.

 

3,120,746

1,800

 

 

 

Chubb Corp.

 

102,618

1,500

 

 

 

Cigna Corp.

 

55,215

900

 

 

 

Cincinnati Financial Corp.

 

27,131

50,292

 

@

 

Cisco Systems, Inc.

 

963,595

192,000

 

@

 

Citigroup, Inc.

 

806,400

6,400

 

@

 

Citrix Systems, Inc.

 

425,088

700

 

 

 

Cliffs Natural Resources, Inc.

 

47,838

800

 

 

 

Clorox Co.

 

49,448

393

 

 

 

CME Group, Inc.

 

113,208

20,000

 

 

 

CMS Energy Corp.

 

359,400

3,000

 

 

 

Coach, Inc.

 

169,620

18,072

 

 

 

Coca-Cola Co.

 

1,141,608

18,500

 

 

 

Coca-Cola Enterprises, Inc.

 

446,775

17,700

 

@

 

Cognizant Technology Solutions Corp.

 

1,150,146

2,200

 

 

 

Colgate-Palmolive Co.

 

168,410

14,755

 

 

 

Comcast Corp. — Class A

 

295,100

700

 

 

 

Comerica, Inc.

 

25,543

800

 

 

 

Computer Sciences Corp.

 

35,704

7,000

 

@

 

Compuware Corp.

 

72,100

30,800

 

 

 

ConocoPhillips

 

1,853,236

1,200

 

 

 

Consol Energy, Inc.

 

50,352

13,200

 

 

 

Consolidated Edison, Inc.

 

638,484

17,600

 

@

 

Constellation Brands, Inc.

 

362,736

3,200

 

 

 

Constellation Energy Group, Inc.

 

90,752

8,500

 

 

 

Corning, Inc.

 

150,110

2,000

 

 

 

Costco Wholesale Corp.

 

135,220

3,800

 

@

 

Coventry Health Care, Inc.

 

96,216

500

 

 

 

CR Bard, Inc.

 

42,425

4,000

 

 

 

CSX Corp.

 

243,240

1,800

 

 

 

Cummins, Inc.

 

174,816

6,500

 

 

 

CVS Caremark Corp.

 

201,500

8,200

 

 

 

D.R. Horton, Inc.

 

82,328

2,800

 

 

 

Danaher Corp.

 

121,100

800

 

 

 

Darden Restaurants, Inc.

 

39,160

1,600

 

@

 

DaVita, Inc.

 

116,320

8,600

 

@

 

Dean Foods Co.

 

62,522

11,500

 

 

 

Deere & Co.

 

859,050

9,300

 

@

 

Dell, Inc.

 

122,946

5,800

 

@

 

Denbury Resources, Inc.

 

105,444

900

 

 

 

Densply International, Inc.

 

27,828

2,400

 

 

 

Devon Energy Corp.

 

169,368

9,500

 

 

 

Diamond Offshore Drilling

 

615,220

30,200

 

@

 

DIRECTV

 

1,254,206

6,700

 

 

 

Discover Financial Services

 

122,476

9,400

 

@

 

Discovery Communications, Inc. - Class A

 

383,332

3,200

 

 

 

Dominion Resources, Inc.

 

132,896

2,250

 

 

 

Dover Corp.

 

123,323

4,800

 

 

 

Dow Chemical Co.

 

149,664

3,831

 

 

 

Dr Pepper Snapple Group, Inc.

 

140,330

2,292

 

 

 

DTE Energy Co.

 

102,109

10,400

 

 

 

Duke Energy Corp.

 

182,520

1,300

 

 

 

Dun & Bradstreet Corp.

 

97,942

4,500

 

@

 

E*Trade Financial Corp.

 

66,375

14,800

 

@

 

Eastman Kodak Co.

 

69,708

4,000

 

 

 

Eaton Corp.

 

385,600

6,116

 

@

 

eBay, Inc.

 

178,159

2,400

 

 

 

Ecolab, Inc.

 

114,744

1,800

 

 

 

Edison International

 

66,492

21,300

 

 

 

EI Du Pont de Nemours & Co.

 

1,000,887

43,900

 

 

 

El Paso Corp.

 

592,211

37,300

 

@

 

Electronic Arts, Inc.

 

556,143

14,000

 

 

 

Eli Lilly & Co.

 

471,240

65,050

 

@

 

EMC Corp.

 

1,397,925

14,048

 

 

 

Emerson Electric Co.

 

773,623

1,000

 

 

 

Entergy Corp.

 

71,240

1,500

 

 

 

EOG Resources, Inc.

 

133,425

2,500

 

 

 

EQT Corp.

 

101,175

2,800

 

 

 

Equifax, Inc.

 

96,908

7,600

 

 

 

Estee Lauder Cos., Inc.

 

569,392

5,200

 

 

 

Exelon Corp.

 

204,724

3,500

 

 

 

Expedia, Inc.

 

92,155

2,200

 

 

 

Expeditors International Washington, Inc.

 

116,380

3,900

 

@

 

Express Scripts, Inc.

 

203,151

38,369

 

 

 

ExxonMobil Corp.

 

2,668,947

2,000

 

 

 

Family Dollar Stores, Inc.

 

100,400

700

 

 

 

Fastenal Co.

 

37,464

2,900

 

 

 

Federated Investors, Inc.

 

68,759

1,300

 

 

 

FedEx Corp.

 

118,456

1,400

 

 

 

Fidelity National Information Services, Inc.

 

37,660

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

United States (continued)

 

 

9,526

 

 

 

Fifth Third Bancorp.

 

$

113,836

300

 

@

 

First Solar, Inc.

 

36,855

1,600

 

 

 

FirstEnergy Corp.

 

56,176

872

 

@

 

Fiserv, Inc.

 

48,222

900

 

 

 

Flowserve Corp.

 

94,914

1,000

 

 

 

Fluor Corp.

 

57,830

1,100

 

 

 

FMC Corp.

 

85,602

6,200

 

@

 

FMC Technologies, Inc.

 

522,288

15,300

 

@

 

Ford Motor Co.

 

243,882

15,200

 

@

 

Forest Laboratories, Inc.

 

484,728

800

 

 

 

Fortune Brands, Inc.

 

47,272

800

 

 

 

Franklin Resources, Inc.

 

91,272

2,000

 

 

 

Freeport-McMoRan Copper & Gold, Inc.

 

202,640

16,000

 

 

 

Frontier Communications Corp.

 

145,600

5,770

 

 

 

Gap, Inc.

 

123,247

1,700

 

 

 

General Dynamics Corp.

 

112,353

92,416

 

 

 

General Electric Co.

 

1,462,945

2,800

 

 

 

General Mills, Inc.

 

98,924

2,300

 

 

 

Genuine Parts Co.

 

110,722

2,600

 

@

 

Genworth Financial, Inc.

 

30,316

1,400

 

@

 

Genzyme Corp.

 

99,708

4,800

 

@

 

Gilead Sciences, Inc.

 

175,200

3,405

 

 

 

Goldman Sachs Group, Inc.

 

531,657

4,200

 

 

 

Goodrich Corp.

 

360,234

6,900

 

@

 

Goodyear Tire & Rubber Co.

 

65,964

1,669

 

@

 

Google, Inc. - Class A

 

927,480

2,200

 

 

 

H&R Block, Inc.

 

27,698

4,100

 

 

 

Halliburton Co.

 

155,144

1,700

 

@

 

Harman International Industries, Inc.

 

74,103

2,243

 

 

 

Harris Corp.

 

99,230

2,400

 

 

 

Hartford Financial Services Group, Inc.

 

53,424

10,400

 

 

 

Hasbro, Inc.

 

495,664

1,900

 

 

 

Helmerich & Payne, Inc.

 

86,184

2,000

 

 

 

Hershey Co.

 

93,600

1,600

 

 

 

Hess Corp.

 

112,080

14,309

 

 

 

Hewlett-Packard Co.

 

599,976

10,800

 

 

 

HJ Heinz Co.

 

521,316

9,100

 

 

 

Home Depot, Inc.

 

274,911

3,500

 

 

 

Honeywell International, Inc.

 

173,985

9,200

 

 

 

Hormel Foods Corp.

 

451,536

9,400

 

@

 

Hospira, Inc.

 

528,844

8,581

 

 

 

Hudson City Bancorp., Inc.

 

97,394

833

 

@

 

Humana, Inc.

 

46,681

14,500

 

 

 

Huntington Bancshares, Inc.

 

84,608

2,100

 

 

 

Illinois Tool Works, Inc.

 

100,023

91

 

 

 

Integrys Energy Group, Inc.

 

4,432

51,502

 

 

 

Intel Corp.

 

1,087,722

400

 

@

 

IntercontinentalExchange, Inc.

 

45,080

8,289

 

 

 

International Business Machines Corp.

 

1,172,562

6,000

 

 

 

International Flavors & Fragrances, Inc.

 

315,120

1,700

 

 

 

International Game Technology

 

26,316

2,368

 

 

 

International Paper Co.

 

59,129

8,400

 

@

 

Interpublic Group of Cos., Inc.

 

89,460

20,000

 

@

 

Intuit, Inc.

 

897,800

600

 

@

 

Intuitive Surgical, Inc.

 

156,174

5,600

 

@

 

Invesco Ltd.

 

121,744

4,100

 

 

 

Iron Mountain, Inc.

 

91,061

2,286

 

 

 

ITT Corp.

 

105,156

4,600

 

 

 

Jabil Circuit, Inc.

 

69,506

5,900

 

 

 

Janus Capital Group, Inc.

 

61,596

1,300

 

 

 

JC Penney Co., Inc.

 

43,251

6,000

 

@

 

JDS Uniphase Corp.

 

71,220

18,575

 

 

 

Johnson & Johnson

 

1,143,291

2,800

 

 

 

Johnson Controls, Inc.

 

102,032

26,457

 

 

 

JP Morgan Chase & Co.

 

988,963

3,600

 

@

 

Juniper Networks, Inc.

 

122,472

800

 

 

 

Kellogg Co.

 

39,384

13,000

 

 

 

Keycorp

 

97,890

1,845

 

 

 

Kimberly-Clark Corp.

 

114,187

7,000

 

@

 

King Pharmaceuticals, Inc.

 

99,050

900

 

 

 

KLA-Tencor Corp.

 

33,003

1,700

 

@

 

Kohl’s Corp.

 

95,914

16,800

 

 

 

Kraft Foods, Inc.

 

508,200

6,100

 

 

 

Kroger Co.

 

143,655

600

 

 

 

L-3 Communications Holdings, Inc.

 

42,198

1,800

 

@

 

Laboratory Corp. of America Holdings

 

147,654

2,500

 

@

 

Lexmark International, Inc.

 

90,600

2,900

 

@

 

Life Technologies Corp.

 

144,435

19,500

 

 

 

Limited Brands, Inc.

 

656,565

1,600

 

 

 

Lincoln National Corp.

 

38,208

24,400

 

 

 

Linear Technology Corp.

 

795,440

1,140

 

 

 

Lockheed Martin Corp.

 

77,566

4,400

 

 

 

Loews Corp.

 

164,604

800

 

 

 

Lorillard, Inc.

 

63,664

7,700

 

 

 

Lowe’s Cos., Inc.

 

174,790

17,600

 

@

 

LSI Logic Corp.

 

101,024

300

 

 

 

M&T Bank Corp.

 

23,088

5,100

 

 

 

Macy’s, Inc.

 

130,968

4,600

 

 

 

Marathon Oil Corp.

 

153,962

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of November 30, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

United States (continued)

 

 

1,400

 

 

 

Marriott International, Inc.

 

$

54,894

6,800

 

 

 

Marsh & McLennan Cos., Inc.

 

170,544

17,400

 

 

 

Marshall & Ilsley Corp.

 

83,346

6,000

 

 

 

Masco Corp.

 

65,460

600

 

 

 

Massey Energy Co.

 

29,466

500

 

 

 

Mastercard, Inc.

 

118,515

3,400

 

@

 

Mattel, Inc.

 

87,856

800

 

@

 

McAfee, Inc.

 

37,480

7,200

 

 

 

McCormick & Co., Inc.

 

316,872

24,400

 

 

 

McDonald’s Corp.

 

1,910,520

1,700

 

 

 

McGraw-Hill Cos., Inc.

 

58,633

1,489

 

 

 

McKesson Corp.

 

95,147

13,200

 

 

 

Mead Johnson Nutrition Co.

 

786,324

3,100

 

 

 

MeadWestvaco Corp.

 

77,004

3,200

 

@

 

Medco Health Solutions, Inc.

 

196,224

8,900

 

 

 

Medtronic, Inc.

 

298,417

7,700

 

@

 

MEMC Electronic Materials, Inc.

 

89,089

52,227

 

 

 

Merck & Co., Inc.

 

1,800,265

1,900

 

 

 

Meredith Corp.

 

63,878

6,100

 

 

 

Metlife, Inc.

 

232,715

8,100

 

@

 

MetroPCS Communications, Inc.

 

98,415

13,700

 

 

 

Microchip Technology, Inc.

 

460,457

17,100

 

@

 

Micron Technology, Inc.

 

124,146

50,362

 

 

 

Microsoft Corp.

 

1,269,626

3,300

 

 

 

Molex, Inc.

 

68,640

2,300

 

 

 

Molson Coors Brewing Co.

 

109,595

2,200

 

 

 

Monsanto Co.

 

131,824

3,600

 

@

 

Monster Worldwide, Inc.

 

81,288

8,700

 

 

 

Morgan Stanley

 

212,802

24,600

 

@

 

Motorola, Inc.

 

188,436

1,000

 

 

 

Murphy Oil Corp.

 

67,520

1,700

 

@

 

Mylan Laboratories

 

33,261

22,400

 

@

 

Nasdaq Stock Market, Inc.

 

480,704

2,240

 

 

 

National Oilwell Varco, Inc.

 

137,290

3,610

 

@

 

NetApp, Inc.

 

183,857

7,900

 

@

 

New York Times Co.

 

71,021

1,600