ING INTERNATIONAL (II)

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1 LUXEMBOURG

2 Upozornění Žádný úpis nelze provést pouze na základě finanční závěrky. Má-li být úpis považován za právoplatný, musí být proveden na základěaktuálně platného prospektu obsahujícího výtisk poslední výroční zprávy a nejnovější pololetní zprávy, pokud byla mezitím publikována.tento prospekt společnosti, stanovy, výroční a pololetní zprávy jsou akcionářům k dispozici v depozitní bance a v sídle společnosti, adále v organizacích zajištujících financování uvedených v této zprávě. Informace obsažené v této zprávě hodnotí vývoj minulých období a nepředjímají budoucí výsledky.

3 Obsah Strana Organizace 3 Konsolidované výkazy Konsolidovaný výkaz čistých aktiv k 30. zárí ING International (II) - Senior Bank Loans Euro Poznámky k vývoji finanční situace podřízeného fondu 6 Finanční výkazy 7 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí Finanční deriváty k 30. zárí ING International (II) - Slovak Bond Poznámky k vývoji finanční situace podřízeného fondu 16 Finanční výkazy 17 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí ING International (II) - Slovak Money Market Poznámky k vývoji finanční situace podřízeného fondu 19 Finanční výkazy 20 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí ING International (II) - Senior Bank Loans USD Poznámky k vývoji finanční situace podřízeného fondu 22 Finanční výkazy 23 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí ING International (II) - Alpha 3 Poznámky k vývoji finanční situace podřízeného fondu 28 Finanční výkazy 29 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí Finanční deriváty k 30. zárí ING International (II) - Czech Money Market Poznámky k vývoji finanční situace podřízeného fondu 31 Finanční výkazy 32 1 Výkaz čistých aktiv ke dni 30. zárí

4 Obsah Strana Portfolio cenných papírů ke dni 30. zárí ING International (II) - Emerging Markets Debt (US Dollar) Poznámky k vývoji finanční situace podřízeného fondu 34 Finanční výkazy 35 Výkaz čistých aktiv ke dni 30. zárí Portfolio cenných papírů ke dni 30. zárí Finanční deriváty k 30. zárí Poznámky k finančním výkazům 39 2

5 Organizace Adresa Společnosti Správní Rada Předseda Členové 52, route d'esch, L-1470 Luxembourg Jean Sonneville, General Manager, ING Investment Management Belgium Philippe Gusbin, Senior General Manager Ops & IT, ING Luxembourg, Alexandre Deveen, Managing Director, ING Investment Management Belgium Marc Van de Walle, Head of Private Banking, ING Luxembourg, Christiaan de Haan, Managing Director, ING Investment Management Belgium Christian Bellin, Head of Finance Europe, ING Investment Management Belgium Manažerská Společnost Administrativní Pracovník ING Investment Management Luxembourg S.A., Luxembourg ING Investment Management Luxembourg S.A., Luxembourg v zastoupení ING Investment Management Co, New York ING Investment Management Belgium, Brussels ING Fund Management BV, The Hague ING Investment Management (C.R.), Praha 3

6 Organizace Odpovedný Pracovníci ING Investment Management Luxembourg S.A., Luxembourg v zastoupení ING Luxembourg 52, route d'esch, Luxembourg Depozitní Banka, Transferní Agent ING Luxembourg 52, route d'esch, Luxembourg Auditor Ernst & Young, Société Anonyme, 7, Parc d'activité Syrdall, L-5365 Munsbach, Luxembourg Finanční Služba Lucembursko Nizozemi Ceska Republika Slovakia ING Luxembourg, 52 route d Esch, Luxembourg ING Bank N.V., Amstelveensesteenweg 500, 1081 KL Amsterdam ING Bank N.V., organizaéni slozka, Nadrazni 344/25, Praha 5, ING Bank N.V., Pobocka zahranicnej banky, Jesenskeho 4/c Bratislava 4

7 Konsolidované výkazy Vyjádřeno v EUR Konsolidovaný výkaz čistých aktiv k 30. zárí 2007 Poznámky Celkem portfolio cenných papírů 2 2,850,544,243 Akcie 75,229 Fondy kolektivního investování 109,537,135 Dluhopisy 399,366,433 Nástroje peněžního trhu 3,578,259 Finanční deriváty 2 89,518,860 Devizové forwardy 89,327,177 Futures 191,683 Hotovost v bance 202,142,000 Margi vklady 569,676 Ostatní aktiva 3 136,859,992 Celkem aktiva 3,279,634,771 Bankovní kontokorenty (419,002) Běžná pasiva 3 (41,206,088) Finanční deriváty (382,494) Futures (34,709) Devizové forwardy (347,784) Celkem pasiva (42,007,583) Čisté obchodní jmění na konci roku 3,237,627,188 5

8 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Poznámky k vývoji finanční situace podřízeného fondu Čisté obchodní jmění 30. zárí 2007 EUR 2,524,811, brezen 2007 EUR 1,788,053, brezen 2006 EUR 264,205,445 Čisté obchodní jmění na akcii Capitalisation Danske G 30. zárí 2007 EUR 53, brezen 2007 EUR 53, brezen 2006 EUR - Capitalisation Danske I 30. zárí 2007 EUR 53, brezen 2007 EUR 53, brezen 2006 EUR 51, Capitalisation G 30. zárí 2007 EUR 52, brezen 2007 EUR 53, brezen 2006 EUR - Capitalisation I 30. zárí 2007 EUR 53, brezen 2007 EUR 53, brezen 2006 EUR 51, Distribution Danske G 30. zárí 2007 EUR 50, brezen 2007 EUR 52, brezen 2006 EUR - Distribution I 30. zárí 2007 EUR 49, brezen 2007 EUR 51, brezen 2006 EUR 50, Počet akcií Capitalisation Danske G 30. zárí , brezen , brezen Capitalisation Danske I 30. zárí , brezen , brezen ,632 Capitalisation G 30. zárí brezen brezen Dividenda Distribution Danske G 18. zárí 2007 EUR Distribution Danske G 14. srpen 2007 EUR Distribution Danske G 17. cervenec 2007 EUR Distribution Danske G 18. cerven 2007 EUR Distribution Danske G 16. kveten 2007 EUR Distribution Danske G 23. duben 2007 EUR Distribution Danske G 11. leden 2007 EUR Distribution Danske G 18. ríjen 2006 EUR Distribution Danske G 13. cervenec 2006 EUR Distribution I 18. zárí 2007 EUR Distribution I 14. srpen 2007 EUR Distribution I 17. cervenec 2007 EUR Distribution I 18. cerven 2007 EUR Distribution I 16. kveten 2007 EUR Distribution I 23. duben 2007 EUR Distribution I 11. leden 2007 EUR Distribution I 18. ríjen 2006 EUR Distribution I 13. cervenec 2006 EUR Distribution I 19. duben 2006 EUR Distribution I 3. únor 2006 EUR kazatel celkové nákladovosti TER (Total Expense Ratio) v %* Capitalisation Danske G 30. zárí % Capitalisation Danske I 30. zárí % Capitalisation G 30. zárí % Capitalisation I 30. zárí % Distribution Danske G 30. zárí % Distribution I 30. zárí % Ukazatel obrátkovosti portfolia PTR (Portfolio Turnover Ratio) v %* 30. zárí % Capitalisation I 30. zárí , brezen , brezen ,363 Distribution Danske G 30. zárí brezen brezen Distribution I 30. zárí , brezen , brezen ,177 Dividenda * Hodnoty pomeru celkových nákladu (TER) a obratu cenných papíru se vypoctou v souladu s dokumentem CSSF Circular 2003/122, jež byl vydán dne Náklady na transakce se zahrnují do kupní/prodejní ceny cenných papíru. Tyto náklady, které se zaznamenávají ve forme provozních nákladu, nejsou zahrnuty ve výpoctu TER. TER je anualizován pro jiná období než období jednoho roku. Hodnota rychlosti obratu portfolia není anualizována za období kratší jednoho roku. TER a obrat portfolia se vypoctou za posledních dvanáct mesícu. 6

9 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Finanční výkazy Výkaz čistých aktiv ke dni 30. zárí 2007 Poznámky Celkem portfolio cenných papírů 2 2,198,565,050 Akcie 75,229 Dluhopisy 5,571,290 Finanční deriváty 2 88,627,354 Devizové forwardy 88,627,354 Hotovost v bance 153,327,149 Ostatní aktiva 3 120,987,167 Celkem aktiva 2,561,506,720 Běžná pasiva 3 (36,695,665) Celkem pasiva (36,695,665) Čisté obchodní jmění na konci roku 2,524,811,055 7

10 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Portfolio cenných papírů ke dni 30. zárí 2007 Počet/nomi Převoditelné cenné papíry kotované na oficiální burze 6,000,000 Nizozemí Dluhopisy NXP BV/NXP FUNDI 06-15/10/2013 Ostatní převoditelné cenné papíry Akcie Spojené státy americké EUR 5,550, ,550, ,550, ,032 SAFELITE AUTO GLASS USD 71, SAFELITE REALITY USD 4, , Austrálie Neurčeno Verzinsliche Wertpapiere 75, ,750 IFM HOLDCO TL B 20/02/2013 USD 346, ,869,635 PBL MEDIA TLB 01/05/2013 AUD 22,368, ,715, Bermudy 4,750,000 INTELSAT PANAMSAT SENIOR UNSEC TL ,784,491 INTELSAT SUBSIDIARY HLDG TL B 26/06/2013 Dánsko USD 3,307, USD 1,244, ,552, ,614 ISS GLOBAL A/S TL B10 31/12/2013 EUR 239, ,754,386 ISS GLOBAL A/S TL B9 31/12/2013 EUR 1,708, ,277 NYCOMED TL B1 I EUR 775, ,172 NYCOMED TL B1 I EUR 297, ,523 NYCOMED TL B1 I EUR 47, ,457 NYCOMED TL B1 I EUR 30, ,571 NYCOMED TL B1 V EUR 215, ,277 NYCOMED TL C1 I EUR 775, ,172 NYCOMED TL C1 I EUR 297, ,523 NYCOMED TL C1 I EUR 47, ,457 NYCOMED TL C1 I EUR 30, ,571 NYCOMED TL C1 V EUR 215, ,681, Francie Název Měna Tržní % v EUR ČOJ 1,148,808 ENO FRANCE TR ACQUISITION B1 EUR 1,096, ,874,365 ENO FRANCE TR ACQUISITION B2 EUR 1,789, ,976,822 ENO FRANCE TR RECAP B1 EUR 2,842, ,875 ENO FRANCE 30/07/2014 TL C (ACQ) EUR 668, ,305,125 ENO FRANCE 30/07/2014 TL C EUR 1,255, (RECAP) 825,000 PAGES JAUNES MHSA TL B2 EUR 787, /02/ ,000 PAGES JAUNES MHSA TL C EUR 791, /02/ ,550,000 PAGES JAUNES PJ TL A 28/02/2014 EUR 20,630, ,750,000 VIVARTE TL B1 03/08/15 EUR 4,328, ,750,000 VIVARTE TL C1 03/08/16 EUR 4,349, Počet/nomi Název Měna Tržní % v EUR ČOJ 9,316,972 VOLNAY ACQUISIT USD 6,387, ,927, Irsko 5,002,687 BCM IRELAND TL B 30/09/2014 EUR 4,836, ,002,687 BCM IRELAND TL C 30/09/2015 EUR 4,857, ,694, Kanada 2,002,000 BLACK PRESS TL B 28/07/2013 USD 1,377, ,215,500 BLACK PRESS TLB2 28/07/2013 USD 836, ,234,375 CAN WEST MEDIA TL D 500MM USD 4,307, EQUI ,632 CR GAS STORAGE AS TL 20/04/2011 USD 689, ,445,157 CR GAS STORAGE CANADIAN TLB USD 3,772, /04/ ,889 CR GAS STORAGE US TLB 20/04/2013 USD 627, ,101 CR GAS STORAGE US TLB 20/04/2013 USD 424, ,462,500 MEG ENERGY TL 23/03/213 USD 1,691, ,500,000 NELSON EDUCATION 1ST LIEN - C USD 4,950, $330mm 4,166,667 NEW WORLD GAMING PARTNERS USD 2,812, LTD ,928,570 OPEN TEXT TL B 22/09/2013 USD 2,012, ,970,000 QUEBECOR MEDIA TL B 17/01/2013 USD 1,350, ,853, Maďarsko 804,394 FCH KFT TL B 15/04/2015 EUR 773, ,394 FCH KFT TL B 15/04/2016 EUR 778, ,551, Nikaragua 583,333 KABLECOM B CASEMA BIDCO TL B EUR 576, ,333 KABLECOM C CASEMA BIDCO TL C EUR 578, ,155, Německo 936,821 ASTER ZWEITE BETEIL TL B 31/12/2014 USD 627, ,667 ASTER ZWEITE BETEIL TL B 8 EUR 634, /12/2014 2,333,333 ASTER ZWEITE BETEIL TL B 9 USD 1,562, /12/ ,279 ASTER ZWEITE BETEIL TL B7 AFB USD 236, /12/2014 1,290,100 ASTER ZWEITE BETEIL TL C7 USD 864, /12/2015 1,250,000 CBR FASHION TL B 15/06/2015 EUR 1,195, ,250,000 CBR FASHION TL C 14/06/2016 EUR 1,200, ,100,000 CITABEL BROADCASTING CORP TLB USD 6,128, /05/14 83,333 HC STARK KG TL B EUR 15/03/2015 EUR 80, ,333 HC STARK KG TL C EUR 15/03/2016 EUR 81, ,225 HC STARK KG TLB USD (EUR 113) USD 219, /03/ ,225 HC STARK KG TLC USD (EUR 113) USD 220, /03/2016 1,683,340 LEVANA HOLDING 4 GMBH TLB1 EUR 1,540, /06/2015 1,683,340 LEVANA HOLDING 4 GMBH TLC1 EUR 1,550, /06/2016 1,000,000 MAUSER AG TL B EUR 933, ,348,318 MAUSER AG TL B USD 885, ,000,000 MAUSER AG TL C EUR 938, ,348,318 MAUSER AG TL C USD 890, ,889 PROSIEBEN SAT.1 MEDIA TLC 2 EUR 202, /06/2015 4,887,217 PROSIEBEN SAT.1 MEDIA TLC 3 EUR 4,641, /06/2015 8

11 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název 691,438 SAF HOLLAND GROUP TL B2 07/01/ ,359 SAF HOLLAND GROUP TL C2 07/02/ ,137 SAF-HOLLAND FACILITY B1 07/01/ ,764 SAF-HOLLAND FACILITY C1 07/01/2016 Nizozemí USD 474, USD 453, EUR 843, EUR 847, ,254, ,333,333 CARLSON WAGONLIT TERM L B 01/07/2014 USD 4,180, ,889 CASEMA BIDCO LT B2 EUR EUR 281, /10/ ,444 CASEMA BIDCO TL B1 EUR EUR 541, /10/ ,333 CASEMA BIDCO TL C EUR EUR 827, /10/2015 7,980,000 CLAIRES STORES TL B 29/05/2014 USD 5,260, ,125,000 DOCKWISE TRANSPORT TL B USD 759, /03/2015 1,446,726 DOCKWISE TRANSPORT TL B USD 980, /03/2016 1,446,726 DOCKWISE TRANSPORT TL B1 USD 976, /03/ ,000 DOCKWISE TRANSPORT TL D USD 499, /09/ ,802,262 NIELSEN FINANCE TL B USD 24,513, ,382 TNT LOGISTICS EUR 255, ,554 TNT LOGISTICS C EUR 434, ,589 TNT LOGISTICS D EUR 534, ,885 TNT LOGISTICS L EUR 442, ,565,884 UPC BROADBAND HLDG M2 TL EURO EUR 7,224, /12/2014 5,767,964 UPC BROADBAND HLDG M3 TR TL EUR 5,496, EUR 31/12/14 870,717 UPC BROADBAND HLDG M4 TL EUR EUR 827, /12/ ,037, ,710,887 Portoriko CARIBE INFORMATION INVEST TLB 24/03/2013 Španělsko USD 1,849, ,849, ,838 AMADEUS TL B4 31/07/2014 EUR 924, ,838 AMADEUS TL C4 31/07/2014 EUR 928, ,500,000 PARQUES REUNIDOS GROUP TL B1 EUR 1,441, /05/2015 1,500,000 PARQUES REUNIDOS GROUP TL C1 EUR 1,448, /05/2016 4,743, Spojené království Měna Tržní % v EUR ČOJ 827,160 INEOS US FINANCE TL A 21/02/2013 USD 566, ,227,500 INEOS US FINANCE TL B 21/02/2014 USD 2,245, ,644 INEOS US FINANCE TL B1 21/02/2014 EUR 416, ,356 INEOS US FINANCE TL B3 21/02/2014 EUR 73, ,132,751 INEOS US FINANCE TL C 21/02/2015 USD 2,179, ,709 INEOS US FINANCE TL C1 21/02/2015 EUR 396, ,857 INEOS US FINANCE TL C3 21/02/2014 EUR 70, ,477,348 LONDON ARENA & WATERFRONT TL USD 2,408, /03/2012 2,925,010 LUCITE INTERNATIONAL TL B3 EUR 2,822, /07/ ,000 NTL INV HLG LTD TLB4 GBP 350 USD 340, /12/ ,248,828 UPC DISTRIBUTION TL M 1 EURO EUR 20,289, /07/ ,500,000 YELL GROUP TL B 31/01/2013 USD 8,687, Počet/nomi Název Měna Tržní % v EUR ČOJ 1,500,000 YELL GROUP TL B 31/01/2013 EUR 1,464, ,961, Spojené státy americké 4,403,638 ACCELLENT TL B 22/11/2012 USD 2,933, ,701,206 ACOSTA INC TL 02/12/2012 USD 3,923, ,723,590 ACTIVANT SOLUTIONS TL 02/05/2013 USD 2,507, ,818,333 ACXIOM TL B 15/09/2012 USD 1,259, ,755,500 ADESA TL B 24/10/2013 USD 12,054, ,721,765 ADVANCE FOOD TL 08/03/2014 USD 2,486, ,985,000 ADVANCED MEDICAL OPTICS TL USD 4,008, /04/2014 3,934,311 ADVANTAGE SALES & MARKET. TL USD 2,645, /03/2013 6,084,750 AEARO TECHNOLOGIES TLB USD 4,139, /05/ ,000 AEARO TECHNOLOGIES 2ND TL USD 229, /11/2014 6,976,169 AFFINION GROUP TL B 07/10/2012 USD 4,811, ,080,523 AGA MEDICAL TL B 24/04/2013 USD 2,754, ,946,373 ALIXPARTNERS TL B 12/10/2013 USD 3,397, ,543,565 ALLIANCE LAUNDRY SYTEMS TLB USD 1,761, /01/2012 4,406,888 ALLIED SECURITY TL D 30/06/2010 USD 3,083, ,780,692 ALLIED WASTE NORTH US REVOLVER USD 6,800, /01/12 17,898,595 ALLIED WASTE NORTH US TL USD 12,444, /01/12 413,675 ALON USA EDGINGTON TL USD 283, /05/2013 3,309,399 ALON USA PARAMONT TL USD 2,265, /05/2013 2,191,196 AMERICAN ACHIEVEMENT CORP TL B USD 1,502, ,625,875 AMERICAN CELLULAR TL B USD 8,143, /03/2014 5,398,608 AMERICAN REPROGRAPHICS T. LOAN USD 3,701, /06/09 4,774,572 AMERITRADE TL B 31/01/2013 USD 3,319, ,236,875 AMF BOWLING WORLDWIDE 1ST TL USD 3,590, /06/ ,541 AMN HEALTHCARE TL B 02/11/2011 USD 457, ,271,590 AMR HOLDCO TL 02/02/2012 USD 1,562, ,992,500 AMSCAN HOLDINGS TL B 24/05/2013 USD 2,014, ,000,000 AMWINS GROUP INC 1ST TL USD 1,972, /06/14 3,960,000 APPLIED SYSTEMS TL 21/09/2013 USD 2,659, ,655,469 ARAMARK TR A (SYNTH LC) USD 1,837, /01/ ,831,604 ARAMARK CORP TR B 26/01/2007 USD 26,177, ,985,000 ARAMARK TC TL 26/01/2014 USD 2,065, ,577,548 ARBYS RETAURANTTL B 20/07/2012 USD 3,844, ,018 ARMSTRONG WORLD INDUS TL B USD 478, /10/2013 6,278,204 ASTORIA GENERATING ACQUI TL B USD 4,368, /03/ ,500,000 ASURION CORP TL B 02/07/2014 USD 10,608, ,404,583 ATLANTIC BROADBAND TL B USD 1,663, /08/ ,000,000 ATLAS PIPELINE PARTNERS TL USD 10,534, /07/14 5,000,000 AUDATEX TL 31/03/2013 EUR 4,775, ,200,000 AUDIO VISUAL SERVICES 1ST TL USD 3,510, /02/2014 2,000,000 AX ACQUISITION CORP 15/08/2014 USD 1,374, TL B-1 982,500 AXIA INC TRANCHE B TL 20/12/2012 USD 580, ,414,121 AZ CHEM US 1 ST TL 28/02/2013 EUR 3,243, ,333 AZ CHEM US 2 ND TL 28/02/2014 USD 212, ,985,000 BAKER CORP TL C 01/05/14 USD 4,113, ,854,611 BALDOR ELECTRIC TL B 31/01/2014 USD 12,410, ,273,500 BERRY PLASTIC DB TLB 04/04/2015 USD 3,624,

12 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název Měna Tržní v EUR % ČOJ 2,967,391 B&G FOODS TL C 23/03/2013 ECP USD 2,073, ,000,000 BIOMET INC TL B USD USD 13,920, ,667 BIRDS EYE FOOD INC TL B 19/03/2013 USD 587, ,019 BLOCK COMMUNICATION TL 21/12/2012 USD 332, ,170,393 BOLTHOUSE FARMS TL 09/12/2012 USD 1,486, ,595,591 BOSTON GENERATING SYN L 22/12/2013 USD 3,171, ,457,969 BOSTON GENERATING 1st TL 22/12/2013 USD 12,737, ,386 BOSTON GENERATING 1st TL 22/12/2013 USD 566, ,000,000 BRENNTAG HLDG GMBH & CO TL B 31/12/2013 USD 678, ,000 BRENNTAG HLDG GMBH & CO TL B 31/12/2013 EUR 477, ,500,000 BRESNAN COMMU LLC TLB ADD-ON 29/09/13 USD 5,831, ,000,000 BRESNAN COMMU TL B 23/09/2013 USD 2,744, ,472,500 BRICKMAN GROUP LOAN 22/01/2014 USD 3,742, ,982,500 BROCK TL B 23/02/2014 USD 4,737, ,985,000 BUHRMANN US NEW TL D 31/12/2010 USD 1,362, ,663 BUHRMANN US TL D-1 31/12/2010 USD 660, ,750,000 BUMBLE BEE FOODS TL B 31/03/2012 USD 1,198, ,514 BURGER KING TL B-1 30/06/2012 USD 249, ,779,831 BURLINGTON COAT FACTORY TL 25/05/2013 USD 4,587, ,250,000 BUSHNELL PERF OPTICS 1ST LIEN USD 1,574, ,442,000 CALPINE CORP DIP TL 31/03/14 USD 21,853, ,480 CANNERY CASINO RESORT DELAY DRAW 11/5/13 USD 105, ,204,724 CANNERY CASINO RESORTS TLB 11/05/13 USD 1,472, ,432,468 CAPELLA HEALTHCARE TL B 8/11/2012 USD 3,027, ,908,155 CAPITAL AUTOMOTIVE TL 15/12/2010 USD 2,017, ,982,500 CARDINAL HEALTH TL 10/04/14 USD 4,713, ,721,875 CAVALIER TELEPHONE TLB 02/03/2012 USD 2,610, ,209,049 CBRL 20/04/2013 TL B USD 1,519, ,074 CCC INFORMATION SERVICES TL B 20/12/2012 USD 589, ,467,469 CCM MERGER TL B 25/07/2012 USD 1,002, ,987,499 CEDAR FAIR LP CDN TL 08/02/2012 USD 1,372, ,862,732 CEDAR FAIR TL 10/07/2012 USD 7,501, ,500 CELANESE NEW EUR TL B 02/04/2014 EUR 966, ,900,000 CELANESE NEW SYNTH LC FACILI 02/04/2014 USD 1,311, ,453,750 CELANESE New USD TL B 02/04/2014 USD 12,741, ,824,172 CELLNET 1 ST TL B 09/08/2011 USD 3,982, ,333 CELLNET 2 ST TL 09/11/2011 USD 228, ,250,000 CELLULAR SOUTH TL B 21/05/14 USD 1,549, ,143,283 CENTENNIAL CELLULLAR OPER TL 09/02/2011 USD 2,869, ,497 CENVEO DD TL C 21/06/2013 USD 276, ,905,032 CENVEO TL C 21/06/2013 USD 3,364, ,381,446 CEQUEL COMM. 1ST LIEN TL USD 43,592, ,000 CEQUEL COMM. 2ND LIEN TL 30/06/2014 USD 343, ,785,000 CEVA GROUP PLC (TNT) FL TERM LN 04/11/13 USD 1,217, ,526 CEVA GROUP PLC (TNT) LC TACK-ON 04/11/13 USD 145, ,659,003 CHART INDUSTRIES TL B 10/10/2012 USD 1,855, ,401,961 CHARTER COMM OPT TL B 27/04/2013 USD 37,704, ,098,039 CHARTER COMM OPT 1 ST TL 05/03/2014 USD 3,469, ,540,610 CHATTEM TL 21/1 USD 1,777, Počet/nomi Název Měna Tržní v EUR % ČOJ 4,577,000 CHG MEDICAL STA USD 3,113, ,000 CHG MEDICAL STA USD 272, ,821,429 CHOICE ONE COMMUNICATIONS TL 30/06/2012 USD 2,599, ,426,419 CINEMARK TLB 20/09/2013 USD 3,038, ,867,302 CLIENTLOGIC NEWCO LLC (DB- 01/2007) USD 3,234, ,344 CMP KC TL B 05/05/2011 USD 325, ,653,488 CMP SUSQUEHANNA TLB 05/05/2013 USD 5,197, ,356 COACH AMERICA SYNTH L/C FAC 20/04/2014 USD 573, ,428,695 COACH AMERICA 1 ST TL B 20/04/2014 USD 2,230, ,985,019 COFFEYVILLE RES USD 2,039, ,986,880 COINMACH REFI TL 12/12/2012 USD 1,393, ,400,696 COLETO CREEK POWER TL 30/06/2013 USD 941, ,004,904 COLETO CREEK WLE 1ST TLF USD 5,382, ,261,794 COMMUNITY HEALTH SYS TLB USD 44,471, ,200,000 CONCENTRA 1ST TL 29/06/2014 USD 818, ,405,058 CONSECO NEW TL 06/10/2013 USD 6,941, ,000,000 CONSOLIDATED COMM TL D 14/10/2011 USD 697, ,000 CONSTELLATION BRANDS TLB 01/06/2013 USD 139, ,056 CONTECH CONS PDCT TL B 31/01/2013 USD 670, ,000,000 CONTINENTAL ALLOYS &SER 140MM TL 30/5/12 USD 692, ,546,639 COVANTA ENERGY TL B 09/02/2014 USD 1,056, ,485 COVANTA ENERGY $320MM SYN LC 09/02/2014 USD 614, ,691,786 CRAWFORD & COMPAGNY SENIO TLB 31/10/2013 USD 1,862, ,246,932 CRC HEALTH TL B 06/02/2013 USD 4,293, ,423,649 CRICKET COM TL B 10/01/2011 USD 5,165, ,400,000 CRISTAL INORGANIC CHEM FS TL 21/05/14 USD 4,337, ,700,000 CRISTAL INORGANIC CHEMICAL SL 21/11/14 USD 1,141, ,687,408 CSC HOLDINGS TLB 28/03/2013 USD 39,377, ,000,000 CULLINAN FIN TL 11/03/2012 USD 3,981, ,428,900 CUMULUS MEDIA TLB 05/06/2014 USD 3,050, ,000,000 CW MEDIAL HOLDING INC TL B 07/02/2015 USD 685, ,360,912 DAVITA TL 05/10/2012 USD 3,708, ,835,000 DELTA AIR LINES SYNTH LC 30/04/2012 USD 1,939, ,890,000 DELTA AIR LINES 2ND TL 30/04/2014 USD 3,341, ,276 DELUXE SYNTHETIC LC 25M 14/05/13 USD 201, ,732 DELUXE 1ST LIEN TL CAD 14/05/13 USD 263, ,258,937 DELUXE 1ST TL 14/05/13 USD 2,904, ,656,579 DENNYS TL B 06 USD 1,842, ,629 DENNYS LOAN 12/06/2012 USD 146, ,919 DEX MEDIA WEST TL B1 09/03/2010 USD 608, ,466,827 DEX MEDIA WEST TL B2 09/03/2010 USD 4,515, ,959,494 DIRECTV TL B 19/04/2013 USD 2,771, ,125,000 DOCKWISE TRANSPORT NV TL C2 31/03/2016 USD 762, ,000 DOCKWISE TRANSPORT NV TL D2 30/09/2016 USD 506, ,500,000 DOLLAR GENERAL CORP B2 TL USD 2,887, ,000,000 DOLLAR GENERAL CORP TL B USD 10,061, ,241,875 DOLLAR THRIFTY AUTO GROUP TLB 08/06/14 USD 2,224, ,619,239 DOLLARAMA TL 06/12/2011 USD 2,513, ,982,854 DYNCORP INTERNATIONAL TL B 31/03/2011 USD 1,363, ,000,000 EDP 1ST LIEN TL USD 4,799,

13 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název Měna Tržní v EUR % ČOJ 23,741,235 EDUCATION MANAGEMENT TL B 30/05/2013 USD 16,174, ,500,000 EDWARDS LTD TL B 15/06/14 USD 2,934, ,500,000 EL PASO CORP TL 31/07/2011 USD 3,823, ,400,178 EMDEON BUS.SERV. I ST TLB 30/11/2013 USD 5,810, ,000 EMMIS COMMUNICATIONS TL B 02/11/2013 USD 668, ,000,000 ENERGY TRANSFER USD 7,628, ,056,198 ENERSYS NEW TL 17/03/2011 ECP USD 2,802, ,670,250 ENTRAVISION COMM TL B 28/03/2013 USD 1,148, ,684 EURONET WORLDWIDE TL B 29/03/2014 USD 601, ,000,000 EXPRESS LLC TL B 06/07/2014 USD 1,383, ,500,000 FAIRPOINT COMMUNICATIONS TL 08/02/2012 USD 1,038, ,000,000 FEDERAL MOGUL CORP DIP TL 31/12/07 USD 700, ,667 FENDER MUSICAL INSTRUMENT COR TLB 6/6/14 USD 452, ,740,625 FLEETCOR TECH OPERT TL B 30/04/2013 USD 2,551, ,000,000 FONTAINEBLEAU LAS VEGAS TL 31/05/2014 USD 4,037, ,947,462 FORD MOTOR TL USD 5,433, ,624,263 FR BRAND ACQUISITION IST TL B 07/02/2014 USD 3,109, ,000 FR BRAND ACQUISITION 2 ND TL 07/02/2015 USD 576, ,421,250 FREESCALE SEMIC USD 7,020, ,500,000 FSB HOLDINGS FLTL 21/09/2013 USD 1,740, ,426,589 FSC ACQUISITION TL 01/08/2012 USD 1,500, ,980,000 GAINEY TL 15/03/2011 USD 1,253, ,250,000 GAMBRO TL B1 EU EUR 1,207, ,250,000 GAMBRO TL C1 EU EUR 1,211, ,445,000 GENERAC POWER SYSTEMS 1ST TL 06/11/2013 USD 3,459, ,591,000 GENERAL NUTRITION CENTERS TLB 16/09/2013 USD 2,409, ,587 GENTEK ADD ON TL B 28/02/2011 USD 264, ,179,355 GENTEK TL 28/02/2011 USD 1,498, ,378,531 GENTIVA HEALTH SERVICES TL B 28/02/2013 USD 3,026, ,977,500 GEORGIA PACIFIC USD 2,054, ,014,087 GEORGIA-PACIFIC TL B 30/01/2013 USD 32,444, ,488,750 GIBSON GUITAR TL B 26/02/2014 USD 1,036, ,558,136 GOLDEN GATE NAT TL B 10/04/2011 USD 3,197, ,068,182 GOLDEN NUGGET 1ST TL 06/08/2014 USD 1,416, ,714 GOODMAN GLOBAL TL C 17/12/2017 USD 201, ,900,000 GRAHAM PACKAGING TLB 28/03/2011 USD 13,815, ,925,000 GRAPHIC PACKAGING INT SENIOR TL 15/3/14 USD 10,445, ,977,500 GREATWIDE LOGISTIC SERVICES 1 ST TL 2013 USD 1,863, ,636 GREEN VALLEY RANCH GAMING TLB 08/02/2014 USD 657, ,500 GREENWOOD RACIN USD 676, ,441,907 HANESBRANDS FIRST TLB 05/09/2013 USD 5,170, ,789,033 HARBOR FREIGHT TOOL TL 31/07/2010 USD 4,576, ,241,875 HARGRAY COMMUNICATION 1ST TL 29/06/2014 USD 2,236, ,621,364 HARLAN SPRAGUE DAWLEY TL B USD 3,853, ,117,667 HARRINGTON 1 ST LIEN TL 31/12/2013 USD 2,142, ,987,500 HAWAIIAN TELCOM COM TL C 01/06/14 USD 3,407, ,438,487 HAWKER BEECHCRAFT ACQ 110 MM SL 03/14 USD 987, Počet/nomi Název Měna Tržní v EUR % ČOJ 15,415,904 HAWKER BEECHCRAFT ACQ 110 MM SL 26/03/14 USD 10,577, ,468,750 HAWKEYE RENEWABLES 30/06/2012 1STL TL USD 1,538, ,577,792 HCA INC TR A TL 31/12/2012 USD 3,130, ,679,736 HCA TL B 31/12/2013 USD 36,394, ,454,418 HEADWATERS TL 30/04/2011 USD 1,004, ,311,266 HEALTH MANAGEMENT ASSOCIAT TL 01/03/2014 USD 24,327, ,311 HEALTHSOUTH CORP T/L 31/03/2013 USD 654, ,235 HEARTHSTONE HOUSING REVOLVER 01/12/2007 USD 403, ,396,696 HELIX ENERGY SOLUTIONS TL B 15/05/2013 USD 9,222, ,884,116 HELM HOLDING CORP TL 06/07/2011 USD 1,291, ,000,000 HERCULES OFFSHORE TL FACILITY 30/06/2013 USD 3,467, ,889,090 HERTZ SYNTH TL 20/12/2012 USD 1,310, ,544,546 HERTZ TL 20/12/2012 USD 8,006, ,165,704 HEXION SPECIAL CHEMICAL TL C1 31/05/2013 USD 11,924, ,720,560 HEXION SPECIAL CHEMICAL TL C2 15/05/2013 USD 2,584, ,503,504 HEXION SPECIAL CHEMICAL TL C6 05/05/2013 EUR 1,492, ,185,039 HIT ENTERTAINMENT TL B 24/08/2012 USD 2,161, ,975,000 HMSC CORP 1st Lien TL 30/03/2014 USD 3,321, ,000,000 HOTEL DEL CORONADO MEZZ 1B TL 09/01/2008 USD 4,218, ,549 HUB INTL LTD DELAY DRAW TL 13/06/07 USD 118, ,444,853 HUB INTL LTD TLB 13/06/14 USD 1,682, ,987,500 HUISH DETERGENTS 1 ST TL 20/04/2014 USD 3,322, ,822,027 HUNTSMAN INTL TL B 15/08/2012 USD 3,372, ,647 IASIS HEALTHCARE LLC DD TLB 15/03/2014 USD 616, ,684 IASIS HEALTHCARE SYNTH LC 15/03/2014 USD 222, ,620,180 IASIS HEALTHCARE TL B 15/03/2014 USD 2,432, ,992,500 ICONIX BRAND TL 02/05/2013 USD 2,033, ,020,090 IDEARC TLB 17/11/2014 USD 38,156, ,179,000 IMMAR TL B 30/04/2013 USD 2,872, ,435,049 INFOR ENTERPRISE SOLUTION DRAW 2012 USD 1,658, ,000 INFOR ENTERPRISE SOLUTION 2ND TL 02/2014 EUR 475, ,000 INFOR ENTERPRISE SOLUTION 2ND TL 02/2014 USD 168, ,678,963 INFOR ENTERPRISE SOLUTIONS TL 28/07/2012 USD 3,187, ,990,000 INFOR ENTRE SOLUTIONS 1ST TL 28/07/2012 USD 2,717, ,000 INFOR ENTRE SOLUTIONS 2ND TL 02/03/2014 USD 336, ,375 INFOR ENTREPRISE SOLUTIONS TL 28/07/2012 EUR 712, ,000,000 INFORMATION RESSOURCES INC TLB 09/05/14 USD 1,355, ,412,638 INFRATRUX SENIOR TL 01/11/201 USD 2,947, ,719,647 INNOPHOS TL 30/08/2010 USD 1,197, ,458,750 INSIGHT MIDWEST HOLDINGS TLB 30/09/2013 USD 22,424, ,447,174 INTERGRAPH 1ST USD 3,736, ,588,000 INTERMEDIA OUTDOOR LIEN TL 29/01/2013 USD 1,094, ,650,000 INVENTIV HEALTH TLB 15/07/2014 USD 1,125, ,000,000 INVERNESS MED. INNOV. 1ST TL 26/06/2014 USD 15,160, ,000,000 INVERNESS MED. INNOV. 2ND TL 26/06/2015 USD 700, ,339,405 INVISTA TL TR B-1 30/04/2011 USD 1,617, ,240,058 INVISTA TL TR B-2 30/04/2011 USD 857,

14 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název Měna Tržní v EUR % ČOJ 4,715,825 IOWA TELECOMMUNICATION SERV TLB 23/11/11 USD 3,280, ,933,823 ISLE OF CAPRI CASINOS INC TL 30/11/2013 USD 1,992, ,176,471 ISLE OF CAPRI CASINOS INC 30/11/13 USD 799, ,000,000 ISP CHEMCO INC TL 30/05/14 USD 6,814, ,919,914 ISTA INTL GMBH TL B1 GERMAN 30/06/2015 EUR 2,697, ,086 ISTA INTL GMBH TL B2 FRENCH 30/06/2015 EUR 535, ,690,750 ITRON 1ST US TL 18/04/2014 USD 2,564, ,995,000 JARDEN CORP TL B3 24/01/2012 USD 1,389, ,981,735 JARDEN CORP TL 24/01/2010 USD 6,837, ,151,217 JARDEN LOAN 24/01/2012 USD 3,528, ,732 JOHN MANEELY TL 24/03/2013 USD 3, ,384,324 JOHN MANEELY 30 USD 2,871, ,639,612 JOHNSON DIVERSEY NEW TL B 15/12/2011 USD 2,516, ,150,648 JOHNSONDIVERSEY USD 1,487, ,655 KCPC ACQUISITION SYNTHETIC LC 22/05/2014 USD 128, ,235 KCPC ACQUISITION 1ST LIEN TL USD 437, ,977,455 KENAN ADVANTAGE TL 16/12/2011 USD 1,355, ,111,093 KENTUCKY DATA LINK TL B 16/02/2014 USD 2,108, ,889 KERASOTES SHOWPLACE THEAT TLB 31/10/2011 USD 613, ,903,040 KEY ENERGY DELAYED DRAW TL B 25/07/2012 USD 3,437, ,126,761 KGEN POWER CORP LETTER OF CREDIT 30/1/14 USD 774, ,863,850 KGEN POWER CORP TLB 30/01/14 USD 1,281, ,414,634 KIK CUSTOM PRODUCTS 1ST LIEN TL USD 2,280, ,366 KIK CUSTOM PRODUCTS 1ST TL CDA 23/05/14 USD 391, ,878,788 KINDER MORGAN INC TRB TL 08/05/14 USD 4,752, ,000,000 KLOCKNER PENTAPLAST SENIOR TF1 30/11/15 USD 2,657, ,500,000 KLOCKNER PENTAPLAST SENIOR TF3 30/11/15 EUR 2,325, ,995,000 KNOLOGY FIRST LIEN TL 15/04/2012 USD 1,360, ,884,224 KRATON POLYMERS TL 15/05/2013 USD 1,987, ,550 KRISPY DOUGHNUT TL 15/02/2014 USD 281, ,990,000 KRONOS INCORPORATED 1ST TL 11/06/14 USD 2,682, ,573 LAFARGE ROOFING TL B1 31/03/15 EUR 416, ,337 LAFARGE ROOFING TL B2 31/03/15 EUR 170, ,425 LAFARGE ROOFING TL B4 31/03/15 USD 112, ,551 LAFARGE ROOFING TL C1 31/03/16 EUR 388, ,674 LAFARGE ROOFING TL C2 31/03/16 EUR 199, ,654 LAFARGE ROOFING TL C4 31/03/16 USD 114, ,182,000 LAS VEGAS SANDS LLC TL 15/05/2014 USD 4,929, ,027,413 LIFEPOINT HOSPITAL TL B 15/04/2012 USD 705, ,727 LN ACQUISITION DELAY DRAW TL B USD 189, ,682 LN ACQUISITION 1ST LIEN TL B USD 503, ,683,250 LOCAL TV FINANCE LLC TL 07/05/13 USD 4,464, ,590,000 LONGVIEW POWER DELAY DRAW 28/02/2014 USD 1,766, ,233,333 LONGVIEW POWER SYNTHETIC TL 28/02/2014 USD 841, ,700,000 LONGVIEW POWER TL 28/02/2014 USD 2,523, ,462,500 LPL HOLDINGS TL B 03/07/2013 USD 5,103, ,449,962 LYONDELL CHEMICAL TL B 01/10/2013 USD 3,816, ,244,088 MACDERMID TL 09/04/2014 EUR 4,031, ,890,500 MACDERMID TL 09/04/2014 USD 1,286, ,875 MACH GEN SYNTH LC 21/02/2013 USD 373, ,246,810 MACH GEN 1 TLB 21/02/2014 USD 3,587, Počet/nomi Název Měna Tržní v EUR % ČOJ 884,646 MAPCO EXPRESS TL 29/04/2011 USD 606, ,992,500 MATTRESS TL 09/02/2014 USD 1,983, ,000,000 MAXIME CRANE WORKS TL B 31/07/2014 USD 4,008, ,743,125 MC KECHNIE AEROSPACT DE 1ST TLB 11/05/14 USD 1,851, ,412,464 MCC IOWA TL D 31/01/2015 USD 7,761, ,375 MCC IOWA TL D2 31/01/2015 USD 506, ,387,625 MD BEAUTY INC TL 18/02/2012 USD 2,361, ,301,990 MEDIACOM ILLINOIS TR CTL 31/01/2015 USD 2,920, ,300,833 MEDIMEDIA TL B 01/11/2013 USD 2,937, ,706,875 MEJUNKIN FIRST LIEN TL 30/01/14 USD 3,967, ,910,704 MERRILL LYNCH COM TL B 30/07/2009 USD 3,401, ,597,596 METRO GOLDWYN MAYER INC TL B 08/04/2012 USD 7,149, ,452,832 MGM TL B 09/04/2012 USD 9,750, ,205,889 MICHAEL FOODS TL B 21/11/2010 USD 3,559, ,408,291 MICHAEL STORES INC TLB 31/10/13 USD 24,882, ,689,286 MIDWESTERN AIRCRAFT TLB 31/12/2011 USD 1,181, ,499 MISSION BROADCASTING TL B 01/10/2012 USD 646, ,079,500 MITCHELL INTERNATIONAL 1ST TL 19/03/2014 USD 2,786, ,304,935 MIVISA ENVASES SAU TL B2 05/31/15 EUR 3,185, ,065 MIVISA ENVASES SAU TL B2 05/31/15 EUR 687, ,967,672 MONTECITO BROADCASTING TL 30/01/2013 USD 2,050, ,852 MOSAIC NEW TL B USD 157, ,591,875 MUELLER WATER PRODUCTS TLB 24/05/14 USD 4,562, ,881,267 MULTIPLAN TL 13/04/2013 USD 2,661, ,960,000 NACCO MATERIALS HANDLING TL 22/03/2013 USD 2,694, ,036,497 NALCO TL B 04/11/2010 USD 7,713, ,481,250 NASDAQ STCK MKT USD 1,738, ,960,150 NATIONAL BEDDING TL 15/08/2011 USD 1,330, ,416 NATIONAL MENTOR REVOLVER L/C 29/06/2013 USD 126, ,130,351 NATIONAL MENTOR TLB 29/06/2013 USD 2,080, ,233,310 NATURAL PRODUCTS TL B 05/03/2014 USD 1,636, ,116,667 NAVISTAR INTL CORP TL 15/01/2012 USD 2,153, ,133,333 NAVISTAR INTL CORP 400 MM$ SY LC 2012 USD 782, ,000,000 NE ENERGY INC SLTL 01/05/2014 USD 680, ,015,261 NE ENERGY LC FACILITY TL 01/11/2013 USD 696, ,857,911 NE ENERGY 1ST TL 01/11/2013 USD 6,078, ,498 NEBRASKA BOOK INCREMENTAL TL 04/03/2011 USD 689, ,265,575 NEIMAN MARCUS TL 06/04/2013 USD 14,068, ,980,016 NEP II INC TL B 02/05/2014 USD 1,976, ,892,329 NEW CUSTOM SERV FIRST LIEN TL 18/08/2013 USD 3,892, ,008 NEXSTAR BROADCASTING TL B NEX 01/10/2012 USD 612, ,451,067 NEXTMEDIA OPERAT TL B 08/11/2012 USD 973, ,919 NEXTMEDIA OPERATING TLB 08/11/2012 USD 432, ,588,750 NORANDA ALUMINIUM ACQ CORP TLB 15/05/14 USD 3,829, ,452,716 NORCROSS SAFETY TL B 19/07/2012 USD 1,001, ,666,667 NORDIC CABLE ACQUISITION TL B 30/04/2014 SEK 934, ,500,000 NORTHEAST BIOFUELS TL 30/06/2013 USD 996, ,026,172 NOVELIS NEW TL (CAD BORROWER) USD 1,388, ,468,750 NOVELIS NEW TL (US BORROWER) USD 3,062,

15 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název Měna Tržní v EUR % ČOJ 1,600,000 NPC INTL TL B 03/05/2013 USD 1,101, ,936,208 NRG ENERGY INC TLB OPCO 23/05/13 USD 21,392, ,236,068 NSG TL 07/03/20014 USD 2,866, ,796 NSG $32.5MM SYNTHETIC 07/03/20014 USD 331, ,875,662 NTELOS TL 25/08/2011 USD 4,079, ,000,000 NUVOX INC TL B 14/05/2014 USD 3,432, ,144,961 OGLEBAY NORTON C. TL B 30/07/2012 USD 801, ,500,000 ORBITZ WORLWIDE INC TL 24/07/2014 USD 9,290, ,954,912 ORIENTAL TRADING FL TL 31/07/2013 USD 3,962, ,870,909 ORTHOFIX HOLDINGS 30/09/2013 USD 1,287, ,637,249 OSHKOSH TRUCK USD 21,277, ,125,633 OSI RESTAURANT PARTNERS RESOL 09/05/2013 USD 760, ,535,556 OSI RESTAURANT PARTNERS TL B 09/05/2014 USD 10,490, ,466,250 OWENS-ILLINOIS TL B 23/05/2013 EUR 1,403, ,947,719 OXBOW CARBON & MINERAL TL B 08/05/2014 USD 3,910, ,274 OXBOW CARBON & MINERALS TLB 08/03/14 USD 343, ,366 PAETEC 1ST TL 30/01/2013 USD 563, ,962,500 PANAMSAT CORP 26/12/2013 TL USD 3,453, ,681,237 PANOLAM INDUST INTL TL B 30/09/2012 USD 1,134, ,000,000 PAXSON COMMUNICATIONS TL 16/01/2012 USD 690, ,194,025 PENN NATIONAL GAMING TL B 31/07/2012 USD 4,329, ,575,816 PEP BOYS TL B 27/01/2011 USD 1,793, ,376,212 PETCO TLB 25/10/2013 USD 11,917, ,477 PINE PRAIRIE TL B 31/12/2013 USD 550, ,500 PINE PRAIRIES ENERGY TL B 31/12/2013 USD 345, ,581,000 PINNACLE FOODS FINANCE TL B 02/04/2014 USD 5,152, ,473,750 POLYMER TL B 18/11/2012 USD 1,025, ,333,333 POLYPORE TLB 12/11/2011 USD 2,267, ,557,000 PRISM BUSIN MEDIA/PENTON 1 TL 01/02/2013 USD 5,753, ,000 PRO MACH TL 14/12/2011 USD 682, ,961,538 PSYCHIATRIC SOL INC ADD ON TLB 01/07/12 USD 3,412, ,603,271 QCE QUIZNOS FL TL 05/05/2014 USD 3,834, ,889,646 QUINTILES TRANSNATIONAL FTL 31/03/2013 USD 8,116, ,700,000 RAILAMERICA US TERM FACIITY 30/09/2008 USD 3,957, ,338 READERS DIGEST ASS EURO TLB 23/02/2014 EUR 710, ,723,125 READERS DIGEST ASS TL B 23/02/2014 USD 7,175, ,000,000 REDDY ICE TL 29/04/2012 USD 1,385, ,240,625 REGENT COMMUNICATION TL B 13/11/2013 USD 850, ,300,659 RENAL ADVANTAGE TL B 30/09/2012 USD 1,565, ,733,837 RENT-A-CENTER TL B 30/06/2012 USD 6,718, ,504,098 REXNORD CORP/RBS GLOBAL TL B 30/06/2013 USD 2,422, ,618,137 REYNOLDS & REYNOLDS 1 ST TL 23/10/2012 USD 20,279, ,288,505 RH DONNELLEY TL D-2 30/06/2011 USD 9,261, ,288,500 RISKMETRICS TL USD 1,597, ,000,000 RITE AID TR2 TL 28/05/14 USD 4,826, ,000,000 RIVIERA HLDG CORP TLB 30/05/14 USD 3,445, ,311,051 ROCKWOOD SPEC TL D 30/07/2012 USD 11,188, ,200,125 ROUNDYS SUPERMARKET TL 27/10/2011 USD 2,927, Počet/nomi Název Měna Tržní v EUR % ČOJ 2,487,500 ROYALTY PHARMA FIN TST TLB 14/05/13 USD 1,737, ,350 RURAL/METRO CORP REVOLVER TL 04/03/2011 USD 376, ,647 RURAL/METRO CORP TL B 04/03/2011 USD 347, ,516,607 SABRE 1ST TL 30/09/2014 USD 22,456, ,950,000 SAGITTARIUS BRANDS TLB 21/03/2013 USD 2,583, ,185,638 SALLY BEAUTY TL B 13/11/2013 USD 5,677, ,741,250 SAMSONITE TL B USD 1,217, ,525,502 SAN JUAN CABLE TL B 28/10/2012 USD 3,051, ,713 SAVERS CANADIAN TL 11/08/2012 USD 156, ,514 SAVERS TL 11/08/2012 USD 169, ,482,500 SBARRO INC (DB-01/2007) USD 2,352, ,491,250 SCA PACKAGING 1 ST TL 02/03/2014 USD 2,356, ,000 SCA PACKAGING 2 ND TL 02/03/2015 USD 334, ,818 SEMCRUDE LP US TL USD 628, ,990,000 SEMICONDUCTOR COMPONENT IND TL B 06/2013 USD 1,350, ,664 SEMINOLE TRIBE OF FLORIDA TL B1 02/2014 USD 271, ,311,741 SEMINOLE TRIBE OF FLORIDA TL B2 02/2014 USD 916, ,299,595 SEMINOLE TRIBE OF FLORIDA TL B3 02/2014 USD 908, ,962,521 SENSATA TECHNOLOGIES TL B 27/04/2013 EUR 2,837, ,919,850 SENSUS METERING SYSTEMS TL B1 19/12/2010 USD 2,022, ,705 SENSUS METERING SYSTEMS TL B2 19/12/2010 USD 131, ,300,000 SG RESOURCES MISSISSIPI TL B 31/03/2014 USD 1,593, ,350,000 SHRE SENIOR SEC 28/02/2014 USD 1,613, ,268,993 SI INTERNATIONAL TL 09/02/2011 USD 1,577, ,161 SI INTERNATIONAL TL 09/02/2011 USD 580, ,602,417 SIMMONS TL TR D 19/12/2011 USD 5,867, ,057 SMURFIT-STONE CON REVOLVER TL 29/10/2011 USD 459, ,610,800 SMURFIT-STONE CON TL B 29/10/2011 USD 1,818, ,263,739 SMURFIT-STONE CON TL C 29/10/2011 USD 880, ,715,464 SORENSON COM FIRST TL 31/08/2013 USD 1,883, ,407 SOURCE MEDIA LOAN 31/12/2011 USD 321, ,464,454 SPANISH BROADCST FL TL 30/05/2012 USD 3,656, ,411 SPECTRUM BRANDS LETTER CREDIT 30/03/2013 USD 41, ,222,110 SPECTRUM BRANDS TL FACILITY 30/03/2013 USD 844, ,937,500 SPORTS AUTHORITY TL B 03/05/2013 USD 3,297, ,309 SPRINGS WINDOW FASH TL B 19/12/2012 USD 476, ,000 SPRINGS WINDOW FASH TL B 30/06/2012 USD 506, ,451,250 STERIGENICS INTL USD 4,388, ,048,295 STIEFEL LABORATORIE DELAY DRA 28/12/2013 USD 1,415, ,677,955 STIEFEL LABORATORIES 1 ST TL 28/12/2013 USD 1,850, ,732,500 STOLLE MACHINERY FIRST TL 29/09/2012 USD 1,175, ,965,000 STURM FOODS 1ST TL 31/01/2014 USD 4,603, ,793 SUN HEALTHCARE GROUP DRAW TL 01/04/2014 USD 452, ,327,586 SUN HEALTHCARE SYNTH TL C 01/04/2014 USD 905, ,736,291 SUN HEALTHCARE TL B 01/04/2014 USD 3,912,

16 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Název Měna Tržní v EUR % ČOJ 30,764,721 SUNGARD DATA SYS TL B 08/02/2013 USD 21,302, ,450,000 SUPERVALU TLB 01/06/2012 USD 1,709, ,000,000 SURGICAL CARE AFF. TL FAC 29/12/2014 USD 4,039, ,550,000 SYNAGRO TECH INC TLB 28/02/2014 USD 3,111, ,000 SYNAGRO TECH INC 2ND TL 28/08/2014 USD 458, ,154,848 TARGA RESOURCES SYNTH LC FAC 31/10/2012 USD 3,594, ,775,660 TARGA RESOURCES TL 31/10/2012 USD 15,185, ,466,842 TARGUS TL B 15/11/2012 USD 945, ,755,107 TEAM HEALTH TL B 23/11/2012 USD 2,501, ,398,338 TELEPACIFIC FL TL 31/08/2011 USD 979, ,000 TEXTRON FASTENING SYSTEMS TL 05/08/2013 USD 339, ,373,770 THERMAL NORTH AMERICA TL B 15/10/2013 USD 3,755, ,266,667 THOMAS NELSON PUBLISHERS TL B 21/06/2012 USD 3,550, ,000,000 THOMSON LEARNING HOLDCO TLB 01/08/2014 USD 22,546, ,333,333 THOMSON LEARNING HOLDCO USD 2,132, ,955,000 TIME WARNER TELECOM NEW TL B 07/01/2013 USD 4,124, ,956,826 TIRE RACK TL B 22/06/2012 USD 1,355, ,055,555 TISHMAN SPEYER USD 1,402, ,370,443 TOTES ISOTONER LIEN TL 31/01/2013 USD 2,298, ,750,000 TOYS R US TLB 14/07/2012 USD 1,228, ,861 TPF CREATION REVOLVER 15/12/2011 USD 96, ,113,048 TPF GENERATION USD 4,842, ,500,000 TPF GENERATION USD 1,004, ,452,536 TPF GENERATION USD 988, ,075,823 TRANSACTION NETWORK SERV TLB 15/04/14 USD 2,822, ,500,000 TRANSDIGM TL 23/06/2013 USD 3,801, ,500,000 TRANSFIRST HLDG 1ST TL 11/06/14 USD 2,365, ,486,250 TRAVELPORT INC DELAYED DRAW 22/08/2013 USD 3,762, ,637 TRAVELPORT LETTER OF CREDIT USD 383, ,779,147 TRAVELPORT TL USD 1,910, ,333 TRW AUTOMOTIVE TLB 31/12/13 USD 406, ,331,149 TUBE CITY IMS SYNTHETIC LC 25/01/2014 USD 900, ,162 TUBE CITY IMS TL 25/01/2014 USD 109, ,203,117 TUPPERWARE TL B 07/11/2012 USD 5,029, ,000,000 TYROL ACQ 2 SAS TL B 31/01/2015 EUR 949, ,000,000 TYROL ACQ 2 SAS TL C 31/01/2015 EUR 953, ,432,273 UNITED AIRLINES TL 20/20/2014 USD 2,966, ,290,903 UNITED RENTALS DELAYED DRAW TL B 03/2011 USD 2,305, ,263 UNITED RENTALS TL 31/03/2011 USD 693, ,839 UNITED SURGICAL PARTNERS TLB 19/04/14 USD 139, ,668,226 UNITED SURGICAL PARTNERS TLB 19/04/2014 USD 2,500, ,627,273 UNIVERSAL CITY DEV. PART. TLB 09/05/2011 USD 3,188, ,216,724 UNIVISION COMM TL B 26/09/2014 USD 24,283, ,466,794 UPC BROADBAND HLDG TLN 30/07/14 USD 5,045, ,800,000 US AIRWAYS TL 21/03/2014 USD 5,230, ,038,893 US ONCOLOGY TL C 20/08/2011 USD 704, ,831,516 US ONCOLOGY TR B TL 20/08/2011 USD 1,921, ,594,612 US SECURITY TL B 30/04/2011 USD 2,502, ,805,201 US SHIPPING PARTNERS TL 04/08/2012 USD 2,662, ,500 US TELEPACIFIC ADD ON 2ND TL 04/08/2012 USD 47, ,685,750 USI TL B 15/04/2014 USD 3,915, Počet/nomi Název Měna Tržní % v EUR ČOJ 2,148,200 VALASSIS COMMUNICATIONS TL B 01/03/2014 USD 1,410, ,803,333 VALLEY NATIONAL GASES 1ST TL 28/02/2014 USD 2,540, ,000 VALLEY NATIONAL GASES 2ND TL 28/08/2014 USD 337, ,316,700 VAN HOUTTE INC TLB 11/07/2014 USD 907, ,550 VAN HOUTTE INC TLC 11/07/2014 USD 123, ,955,280 VANGUARD HEALTH TL 23/09/2011 USD 2,018, ,000,000 VENETIAN MACAO TERM LAON 01/02/2012 USD 2,064, ,500,000 VENOCO INC NEW SECOND LIEN TL 01/05/11 USD 2,424, ,000 VERIFONE TL B 30/10/2013 USD 656, ,788,000 VERTAFORE NEW 1st Lien 31/01/2012 USD 3,274, ,184,375 VERTELLUS SPECIALTIES TL B 29/06/2013 USD 3,536, ,250,000 VIANT HEALTH PAYMENT SOL TLB 29/06/2014 USD 822, ,072,032 VISANT TLC 04/10/2011 USD 2,145, ,000,000 VNU US FINANCE INCREMENTAL TL 25/05/2013 USD 4,817, ,000,000 VWR INTERNATIONAL EURO TLB 29/06/2014 EUR 9,462, ,500,000 VWR INTERNATIONAL USD TLB 29/06/2014 USD 9,041, ,271,728 WARNER CHILCOTT TL B 18/01/2012 USD 6,376, ,942,732 WARNER CHILCOTT TL C 18/01/2012 USD 2,023, ,930 WASTEQUIP Delay USD 96, ,003,568 WASTEQUIP 1ST TL 29/01/2013 USD 2,716, ,487,500 WEIGHT WATCHERS INTL LOAN 02/02/2014 USD 1,735, ,000 WENNER MEDIA TL B01/10/2013 USD 587, ,435,833 WESCO AIRCRAFT HARDW FIRST TL 30/09/2013 USD 2,379, ,238,780 WEST TL 25/10/2013 USD 35,421, ,785,714 WESTERN REFINING INC TL 28/02/2014 USD 10,928, ,333,333 WIDEOPEN WEST FINANCE 1 ST TL 22/06/2014 USD 3,606, ,825,488 WIMAR LANDCO SE USD 3,345, ,142,857 WINDSTREAM TL B 17/07/2013 USD 1,500, ,908,088 WMG ACQUISITION TL 01/05/2012 USD 4,754, ,319 WOLF HOLLOW FIRST TL 30/06/2012 USD 606, ,000 WOLF HOLLOW REVOLVER LOAN 31/12/2010 USD 128, ,000 WOLF HOLLOW SYNTH TL 30/06/2012 USD 514, ,496,250 WYLE LABS TL B 28/01/2011 USD 1,027, ,318,084 XERIUM TECHNOLOGIES TL 12/04/2012 USD 1,551, ,910,000 YANKEE CANDLE TL 06/02/2014 USD 12,331, , HOUR FITNESS WORLDWIDE TLB 08/06/2012 USD 239, ,940,089, Švédsko 16,500,000 B-FLY 2 AB (HILDING AND.) TLB 15/12/2014 SEK 1,757, ,000 B-FLY 2 AB (HILDING AND.) TLB EUR 291, /12/2014 8,000,000 NORDIC CABLE ACQUISITION TLC SEK 867, /04/ ,757,718 QUIDNAX TL B1 (SEK) 25/05/2015 SEK 1,431, ,000 QUIDNAX TL B2 (EUR) 25/05/2015 EUR 670, ,757,718 QUIDNAX TL C1 (SEK) 25/05/2016 SEK 1,450, ,000 QUIDNAX TL C2 (EUR) 25/05/2016 EUR 679, ,148,

17 ING International (II) - Senior Bank Loans Euro Vyjádřeno v EUR Počet/nomi Thajsko Název Měna Tržní % v EUR ČOJ 2,491,116 VALLEYCREST FIRST TL 04/10/2013 USD 1,723, ,723, ,192,939, Finanční deriváty k 30. zárí 2007 K výplatě K úhradě Datum Závazky v EUR Nerealizovaný zisk nebo (ztráta) v EUR % ČOJ Celkem portfolio cenných papírů 2,198,565, Finanční deriváty 88,627, Hotovost v bance 153,327, Ostatní aktiva a pasiva 84,291, Čistá aktiva celkem 2,524,811,

18 ING International (II) - Slovak Bond Vyjádřeno v SKK Poznámky k vývoji finanční situace podřízeného fondu Čisté obchodní jmění 30. zárí 2007 SKK 3,419,944, brezen 2007 SKK 3,330,495, brezen 2006 SKK 3,494,462,465 Čisté obchodní jmění na akcii Capitalisation B 30. zárí 2007 SKK 1, brezen 2007 SKK 1, brezen 2006 SKK 1, Počet akcií Capitalisation B 30. zárí ,979, brezen ,877, brezen ,118,491 Dividenda kazatel celkové nákladovosti TER (Total Expense Ratio) v %* Capitalisation B 30. zárí % Ukazatel obrátkovosti portfolia PTR (Portfolio Turnover Ratio) v %* 30. zárí % * Hodnoty pomeru celkových nákladu (TER) a obratu cenných papíru se vypoctou v souladu s dokumentem CSSF Circular 2003/122, jež byl vydán dne Náklady na transakce se zahrnují do kupní/prodejní ceny cenných papíru. Tyto náklady, které se zaznamenávají ve forme provozních nákladu, nejsou zahrnuty ve výpoctu TER. TER je anualizován pro jiná období než období jednoho roku. Hodnota rychlosti obratu portfolia není anualizována za období kratší jednoho roku. TER a obrat portfolia se vypoctou za posledních dvanáct mesícu. 16

19 ING International (II) - Slovak Bond Vyjádřeno v SKK Finanční výkazy Výkaz čistých aktiv ke dni 30. zárí 2007 Poznámky Celkem portfolio cenných papírů 2 3,111,850,040 Dluhopisy 3,111,850,040 Hotovost v bance 249,499,041 Ostatní aktiva 3 63,660,496 Celkem aktiva 3,425,009,577 Běžná pasiva 3 (5,065,502) Celkem pasiva (5,065,502) Čisté obchodní jmění na konci roku 3,419,944,075 17

20 ING International (II) - Slovak Bond Vyjádřeno v SKK Portfolio cenných papírů ke dni 30. zárí 2007 Počet/nomi Převoditelné cenné papíry kotované na oficiální burze Irsko Dluhopisy 60,000,000 HYPO REAL INT 04-07/12/2011 SKK 59,418, ,418, ,000,000 50,000,000 60,000,000 Island LANDSBANKI ISLND 3.2% 05-10/05/2010 Itálie UNICREDITO ITALI 4.03% 06-06/02/2026 Nadnárodní - mnohonárodnostní EUROPEAN INVT BK 0% 03-31/07/2023 Německo SKK 66,815, ,815, SKK 46,080, ,080, SKK 27,390, ,390, ,000,000 LB RHEINLD-PFALZ 8.25% 01-25/09/2011 SKK 78,504, ,000,000 WESTHYP 7% 02-02/10/2007 SKK 67,000, ,000,000 WESTLB AG 3.4% 05-08/03/2012 SKK 92,785, ,289, Nizozemí 50,000,000 BMW FINANCE NV 07-20/08/10 SKK 50,000, ,000,000 LINDE FINANCE BV 7.75% 02- SKK 40,341, /01/ ,000,000 VOLKSWAGEN INTFN 4.85% 03- SKK 30,000, /06/ ,341, Rakousko Název 20,000,000 BA CREDITANSTALT 4.03% 06-09/02/ ,000,000 BA CREDITANSTALT 5% 03-05/02/ ,000,000 HAA-BANK INTL AG 7.75% 02-06/02/2012 Slovensko Měna Tržní % v SKK ČOJ SKK 18,439, SKK 60,263, SKK 99,164, ,867, ,000,000 CESKO OB(SLOVAK) 4.9% 04-14/10/2009 SKK 54,511, ,000,000 SLOVAKIA GOVT 4.2% 07- SKK 19,023, /04/ ,000,000 SLOVAKIA GOVT 4.5% 06- SKK 96,536, /05/ ,000,000 SLOVAKIA GOVT 4.75% 03- SKK 150,154, /07/ ,000,000 SLOVAKIA GOVT 4.8% 04- SKK 35,142, /04/ ,500,000 SLOVAKIA GOVT 4.9% 03- SKK 83,107, /02/ ,000,000 SLOVAKIA GOVT 4.9% 04- SKK 286,218, /02/ ,000,000 SLOVAKIA GOVT 5% 03-22/01/2013 SKK 45,849, ,000,000 SLOVAKIA GOVT 5.1% 03- SKK 142,695, /03/ ,000,000 SLOVAKIA GOVT 5.3% 04- SKK 577,424, /05/ ,000,000 SLOVAKIA GOVT 7.5% 02- SKK 61,142, /03/ ,000,000 SLOVAKIA GOVT 8.3% 01- SKK 122,167, /09/2011 Počet/nomi Název 109,000,000 SLOVAKIA GOVT 8.5% 00-17/08/ ,000,000 ZEL SLOVENSK REP 8.6% 02-12/06/2014 Spojené království SKK 120,329, SKK 58,056, ,852,359, ,000,000 TESCO PLC 2.75% 05-04/04/2008 SKK 59,330, ,330, Spojené státy americké 45,000,000 BEAR STEARNS CO 4.1% 05-24/02/2015 SKK 41,107, ,000,000 GOLDMAN SACHS 05-22/07/2010 SKK 49,750, ,000,000 GOLDMAN SACHS 4.27% 05- SKK 28,320, /02/ ,000,000 HSBC FINANCE CRP 05-26/10/2012 SKK 49,897, ,000,000 MERRILL LYNCH 05-28/09/2010 SKK 61,690, ,765, Ostatní převoditelné cenné papíry Slovensko Dluhopisy 2,878,657, ,000,000 SLOVAKIA GOVT 0% 05-04/05/2012 SKK 202,975, ,975, Spojené státy americké Měna Tržní % v SKK ČOJ 30,000,000 MERRILL LYNCH 0% 07-01/06/2027 SKK 30,217, ,217, ,192, Celkem portfolio cenných papírů 3,111,850, Hotovost v bance 249,499, Ostatní aktiva a pasiva 58,594, Čistá aktiva celkem 3,419,944,