ING registers Large Cap Growth Fund with SEC, eyes February launch

By Toni Weeks

San Diego, Dec. 19 - ING Series Fund, Inc. has completed the initial registration of its new ING Large Cap Growth Fund, according to an N-1A filing with the Securities and Exchange Commission.

The fund will offer class A, class C, class I, class R and class W shares. The prospectus is expected to be published Feb. 28.

The fund will seek long-term capital growth. Under normal circumstances it will invest at least 80% of its net assets, plus borrowings for investment purposes, in common stocks of large-capitalization companies by identifying companies with cash-flow growth, sustainable competitive advantages and positive net returns on invested capital. The fund may also invest up to 25% of its assets in foreign securities, and it can invest in derivative instruments and other investment companies, including exchange-traded funds.

Portfolio managers for the fund are Christopher F. Corapi, Michael Pytosh and Jeff Bianchi.

Only class A shares will incur a maximum sales charge, which will be 5.75%. Only class C shares will have a maximum deferred sales charge, which will be 1%.

All classes will have a 0.7% management fee. The adviser will limit total annual fund operating expenses through Oct. 1, 2014 to 1.15% for class A shares, 1.9% for class C and W shares, 0.85% for class I shares and 1.4% for class R shares.

The fund's investment adviser will be Scottsdale, Ariz.-based ING Investments, LLC.

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