OMB APPROVAL

OMB Number: 3235-0578

Expires: April 30, 2013

Estimated average burden hours per response: 5.6

 

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:   811-22004

 

ING Asia Pacific High Dividend Equity Income Fund

(Exact name of registrant as specified in charter)

 

7337 East Doubletree Ranch Rd., Suite 100, 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:

May 31, 2012

 



 

Item 1. Schedule of Investments

 

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

 

ING Asia Pacific High Dividend Equity Income Fund

 

The schedules are not audited.

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Asia Pacific High Dividend Equity Income Fund

 

as of May 31, 2012 (Unaudited)

 

Shares

 

 

 

 

 

Value

 

Percentage
of Net
Assets

 

COMMON STOCK: 95.9%

 

 

 

 

 

 

 

 

 

 

Australia: 25.7%

 

 

 

 

 

195,545

 

 

 

Amcor Ltd.

 

$

1,421,925

 

0.8

 

123,814

 

 

 

AMP Ltd.

 

466,972

 

0.3

 

40,429

 

 

 

ASX Ltd.

 

1,159,232

 

0.6

 

108,003

 

 

 

Australia & New Zealand Banking Group Ltd.

 

2,195,488

 

1.2

 

146,605

 

 

 

Bendigo Bank Ltd.

 

1,039,335

 

0.6

 

194,306

 

 

 

BHP Billiton Ltd.

 

5,989,517

 

3.3

 

100,942

 

 

 

Coca-Cola Amatil Ltd.

 

1,263,290

 

0.7

 

105,422

 

 

 

Commonwealth Bank of Australia

 

5,071,823

 

2.8

 

16,136

 

 

 

CSL Ltd.

 

590,918

 

0.3

 

163,570

 

 

 

Fortescue Metals Group Ltd.

 

735,202

 

0.4

 

453,674

 

 

 

Harvey Norman Holdings Ltd.

 

869,203

 

0.5

 

79,610

 

 

 

Iluka Resources Ltd.

 

1,036,769

 

0.6

 

255,015

 

 

 

Insurance Australia Group

 

825,969

 

0.5

 

156,870

 

 

 

Lend Lease Corp., Ltd.

 

1,119,236

 

0.6

 

50,241

 

 

 

Macquarie Group Ltd.

 

1,317,219

 

0.7

 

287,544

 

 

 

Metcash Ltd.

 

1,069,703

 

0.6

 

161,037

 

 

 

National Australia Bank Ltd.

 

3,522,174

 

1.9

 

23,273

 

 

 

Newcrest Mining Ltd.

 

563,657

 

0.3

 

125,562

 

 

 

Origin Energy Ltd.

 

1,574,565

 

0.9

 

123,424

 

 

 

OZ Minerals Ltd.

 

1,046,925

 

0.6

 

52,765

 

 

 

QBE Insurance Group Ltd.

 

635,396

 

0.3

 

35,881

 

 

 

Rio Tinto Ltd.

 

1,986,206

 

1.1

 

92,032

 

 

 

Sonic Healthcare Ltd.

 

1,093,423

 

0.6

 

142,545

 

 

 

Suncorp-Metway Ltd.

 

1,076,090

 

0.6

 

362,559

 

 

 

TABCORP Holdings Ltd.

 

1,023,394

 

0.6

 

426,208

 

 

 

Tattersall’s Ltd.

 

1,087,364

 

0.6

 

25,145

 

 

 

Wesfarmers Ltd.

 

714,569

 

0.4

 

54,177

 

 

 

Westfield Group

 

478,497

 

0.3

 

208,186

 

 

 

Westpac Banking Corp.

 

4,108,714

 

2.3

 

14,714

 

 

 

Woodside Petroleum Ltd.

 

460,689

 

0.2

 

33,577

 

 

 

Woolworths Ltd.

 

864,478

 

0.5

 

 

 

 

 

 

 

46,407,942

 

25.7

 

 

 

 

 

China: 19.0%

 

 

 

 

 

2,904,000

 

 

 

Agricultural Bank of China Ltd.

 

1,169,422

 

0.6

 

1,639,200

 

 

 

Bank of China Ltd.

 

629,456

 

0.3

 

1,633,000

 

 

 

Bank of Communications Co., Ltd.

 

1,057,456

 

0.6

 

357,500

 

 

 

BOC Hong Kong Holdings Ltd.

 

981,024

 

0.5

 

822,800

 

 

 

Changsha Zoomlion Heavy Industry Science and Technology Development Co. Ltd.

 

1,201,619

 

0.7

 

539,000

 

@

 

China Communications Construction Co., Ltd.

 

504,718

 

0.3

 

3,394,960

 

 

 

China Construction Bank

 

2,348,566

 

1.3

 

206,000

 

 

 

China Life Insurance Co., Ltd.

 

482,272

 

0.3

 

618,000

 

 

 

China Minsheng Banking Corp. Ltd

 

588,506

 

0.3

 

417,500

 

 

 

China Mobile Ltd.

 

4,237,465

 

2.3

 

914,000

 

 

 

China National Building Material Co., Ltd.

 

1,103,452

 

0.6

 

1,400,000

 

 

 

China Petroleum & Chemical Corp.

 

1,247,766

 

0.7

 

628,000

 

 

 

China Resources Power Holdings Co.

 

1,134,107

 

0.6

 

283,000

 

 

 

China Shenhua Energy Co., Ltd.

 

993,318

 

0.5

 

423,000

 

 

 

China Yurun Food Group Ltd.

 

431,756

 

0.2

 

1,485,000

 

 

 

CNOOC Ltd.

 

2,678,226

 

1.5

 

1,400,000

 

 

 

Dongyue Group

 

901,590

 

0.5

 

527,000

 

 

 

Great Wall Motor Co. Ltd.

 

1,076,899

 

0.6

 

664,400

 

 

 

Guangzhou R&F Properties Co., Ltd.

 

872,195

 

0.5

 

107,000

 

 

 

Hengan International Group Co., Ltd.

 

1,022,649

 

0.6

 

4,746,000

 

 

 

Industrial and Commercial Bank of China Ltd.

 

2,877,595

 

1.6

 

196,000

 

 

 

Inner Mongolia Yitai Coal Co.

 

1,021,315

 

0.6

 

245,000

 

 

 

Jiangxi Copper Co., Ltd.

 

513,413

 

0.3

 

1,854,000

 

 

 

Lonking Holdings Ltd

 

573,541

 

0.3

 

502,000

 

 

 

PetroChina Co., Ltd.

 

633,684

 

0.4

 

854,000

 

 

 

Shimao Property Holdings Ltd.

 

1,140,360

 

0.6

 

62,700

 

 

 

Tencent Holdings Ltd.

 

1,719,990

 

1.0

 

1,053,000

 

 

 

Want Want China Holdings Ltd.

 

1,203,721

 

0.7

 

 

 

 

 

 

 

34,346,081

 

19.0

 

 

 

 

 

Hong Kong: 8.6%

 

 

 

 

 

275,000

 

 

 

AIA Group Ltd.

 

894,076

 

0.5

 

527,000

 

 

 

Cathay Pacific Airways Ltd.

 

811,778

 

0.5

 

73,000

 

 

 

Cheung Kong Holdings Ltd.

 

839,377

 

0.5

 

186,000

 

 

 

Cheung Kong Infrastructure Holdings Ltd.

 

1,021,371

 

0.6

 

198,000

 

 

 

CLP Holdings Ltd.

 

1,611,817

 

0.9

 

2,704,000

 

 

 

Fushan International Energy Group Ltd.

 

892,020

 

0.5

 

212,000

 

 

 

Henderson Land Development Co., Ltd.

 

1,066,101

 

0.6

 

36,400

 

 

 

Hong Kong Exchanges and Clearing Ltd.

 

512,431

 

0.3

 

116,000

 

 

 

Hutchison Whampoa Ltd.

 

952,272

 

0.5

 

516,000

 

 

 

Li & Fung Ltd.

 

945,036

 

0.5

 

335,500

 

 

 

MTR Corp.

 

1,080,756

 

0.6

 

565,000

 

 

 

NWS Holdings Ltd.

 

828,090

 

0.5

 

103,000

 

 

 

Sun Hung Kai Properties Ltd.

 

1,160,000

 

0.6

 

119,000

 

 

 

Swire Pacific Ltd.

 

1,281,314

 

0.7

 

104,000

 

 

 

Wharf Holdings Ltd.

 

542,004

 

0.3

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Asia Pacific High Dividend Equity Income Fund

 

as of May 31, 2012 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

Percentage
of Net
Assets

 

 

 

 

 

Hong Kong: (continued)

 

 

 

 

 

327,000

 

 

 

Wheelock & Co., Ltd.

 

$

974,857

 

0.5

 

 

 

 

 

 

 

15,413,300

 

8.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

India: 5.6%

 

 

 

 

 

206,613

 

 

 

Bharat Heavy Electricals Ltd.

 

777,158

 

0.4

 

131,141

 

 

 

GAIL India Ltd.

 

747,990

 

0.4

 

176,542

 

 

 

HDFC Bank Ltd.

 

1,580,760

 

0.9

 

125,602

 

 

 

Hindustan Lever Ltd.

 

956,204

 

0.5

 

37,151

 

 

 

Infosys Ltd.

 

1,592,884

 

0.9

 

246,417

 

 

 

Infrastructure Development Finance Co. Ltd.

 

547,101

 

0.3

 

179,241

 

 

 

Oil & Natural Gas Corp., Ltd.

 

806,244

 

0.5

 

72,152

 

@

 

Ranbaxy Laboratories Ltd.

 

663,581

 

0.4

 

39,077

 

 

 

Reliance Industries Ltd.

 

489,517

 

0.3

 

64,364

 

 

 

Reliance Infrastructure Ltd

 

512,577

 

0.3

 

454,778

 

 

 

Sterlite Industries India Ltd.

 

757,378

 

0.4

 

148,504

 

 

 

Tata Motors Ltd.

 

614,887

 

0.3

 

 

 

 

 

 

 

10,046,281

 

5.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indonesia: 2.7%

 

 

 

 

 

1,676,500

 

 

 

Bank Rakyat Indonesia

 

1,003,075

 

0.6

 

2,519,500

 

 

 

Bank Negara Indonesia Persero Tbk PT

 

988,128

 

0.5

 

4,541,000

 

 

 

Bumi Resources Tbk PT

 

684,143

 

0.4

 

2,078,000

 

 

 

Perusahaan Gas Negara PT

 

815,248

 

0.4

 

600,000

 

 

 

Semen Gresik Persero Tbk PT

 

695,601

 

0.4

 

301,500

 

 

 

United Tractors Tbk PT

 

737,488

 

0.4

 

 

 

 

 

 

 

4,923,683

 

2.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Macau: 0.5%

 

 

 

 

 

268,400

 

 

 

Sands China Ltd.

 

914,569

 

0.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Malaysia: 1.4%

 

 

 

 

 

831,600

 

 

 

AirAsia BHD

 

920,285

 

0.5

 

539,500

 

 

 

Digi.Com BHD

 

679,125

 

0.4

 

300,000

 

 

 

Sime Darby Bhd

 

914,652

 

0.5

 

 

 

 

 

 

 

2,514,062

 

1.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Philippines: 0.4%

 

 

 

 

 

13,555

 

 

 

Philippine Long Distance Telephone Co.

 

729,738

 

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Singapore: 5.0%

 

 

 

 

 

51,000

 

 

 

DBS Group Holdings Ltd.

 

520,912

 

0.3

 

184,600

 

 

 

Keppel Corp., Ltd.

 

1,425,063

 

0.8

 

142,000

 

 

 

Oversea-Chinese Banking Corp.

 

917,777

 

0.5

 

278,000

 

 

 

SembCorp Industries Ltd.

 

1,037,769

 

0.6

 

92,000

 

 

 

Singapore Airlines Ltd.

 

740,068

 

0.4

 

619,000

 

 

 

Singapore Telecommunications Ltd.

 

1,485,375

 

0.8

 

83,000

 

 

 

United Overseas Bank Ltd.

 

1,134,865

 

0.6

 

286,000

 

 

 

United Overseas Land Ltd.

 

973,856

 

0.5

 

1,078,000

 

 

 

Yangzijiang Shipbuilding Holdings Ltd.

 

860,658

 

0.5

 

 

 

 

 

 

 

9,096,343

 

5.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

South Korea: 12.7%

 

 

 

 

 

66,490

 

 

 

BS Financial Group, Inc.

 

652,128

 

0.4

 

36,170

 

 

 

Hana Financial Group, Inc.

 

1,138,625

 

0.6

 

35,500

 

@

 

Hynix Semiconductor, Inc.

 

693,718

 

0.4

 

54,400

 

 

 

Hyundai Development Co.

 

1,082,733

 

0.6

 

2,327

 

 

 

Hyundai Heavy Industries

 

525,114

 

0.3

 

26,490

 

 

 

Hyundai Hysco Co. Ltd.

 

829,209

 

0.5

 

36,710

 

 

 

Hyundai Marine & Fire Insurance Co., Ltd.

 

913,516

 

0.5

 

7,643

 

 

 

Hyundai Mobis

 

1,790,117

 

1.0

 

7,321

 

 

 

Hyundai Motor Co.

 

1,510,763

 

0.8

 

5,509

 

 

 

Hyundai Wia Corp.

 

812,710

 

0.4

 

92,490

 

 

 

Industrial Bank Of Korea

 

938,964

 

0.5

 

25,596

 

 

 

Kia Motors Corp.

 

1,736,822

 

1.0

 

76,050

 

 

 

KP Chemical Corp.

 

931,257

 

0.5

 

21,120

 

 

 

KT Corp.

 

498,804

 

0.3

 

19,132

 

 

 

KT&G Corp.

 

1,274,116

 

0.7

 

1,655

 

 

 

Posco

 

505,062

 

0.3

 

5,354

 

 

 

Samsung Electronics Co., Ltd.

 

5,487,774

 

3.0

 

5,312

 

 

 

SK Corp.

 

550,507

 

0.3

 

4,671

 

 

 

SK Telecom Co., Ltd.

 

474,877

 

0.3

 

62,070

 

 

 

Woori Finance Holdings Co., Ltd.

 

577,482

 

0.3

 

 

 

 

 

 

 

22,924,298

 

12.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taiwan: 10.5%

 

 

 

 

 

60,000

 

 

 

Asustek Computer, Inc.

 

600,348

 

0.3

 

400,800

 

 

 

Cheng Shin Rubber Industry Co. Ltd.

 

965,882

 

0.5

 

490,000

 

 

 

Chicony Electronics Co. Ltd.

 

929,795

 

0.5

 

944,883

 

 

 

Fubon Financial Holding Co., Ltd.

 

935,718

 

0.5

 

247,096

 

 

 

Hon Hai Precision Industry Co., Ltd.

 

723,027

 

0.4

 

89,500

 

 

 

HTC Corp.

 

1,286,658

 

0.7

 

900,327

 

 

 

Lite-On Technology Corp.

 

1,151,258

 

0.6

 

171,000

 

 

 

Novatek Microelectronics Corp., Ltd.

 

506,893

 

0.3

 

263,000

 

 

 

Powertech Technology, Inc.

 

509,019

 

0.3

 

443,000

 

 

 

Quanta Computer, Inc.

 

1,156,012

 

0.7

 

246,000

 

 

 

Radiant Opto-Electronics Corp.

 

1,106,181

 

0.6

 

2,867,000

 

@

 

Shin Kong Financial Holding Co., Ltd.

 

794,019

 

0.5

 

317,000

 

 

 

Standard Foods Corp.

 

963,596

 

0.5

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Asia Pacific High Dividend Equity Income Fund

 

as of May 31, 2012 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

Percentage
of Net
Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taiwan: (continued)

 

 

 

 

 

450,000

 

 

 

Synnex Technology International Corp.

 

$

1,004,848

 

0.6

 

1,668,052

 

 

 

Taiwan Semiconductor Manufacturing Co., Ltd.

 

4,629,144

 

2.6

 

236,000

 

 

 

Tripod Technology Corp.

 

656,928

 

0.4

 

760,867

 

 

 

Wistron Corp.

 

964,280

 

0.5

 

 

 

 

 

 

 

18,883,606

 

10.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thailand: 3.8%

 

 

 

 

 

212,800

 

 

 

Advanced Info Service PCL

 

1,194,079

 

0.7

 

454,100

 

 

 

Charoen Pokphand Foods PCL

 

540,638

 

0.3

 

496,400

 

 

 

CP ALL PCL

 

532,962

 

0.3

 

281,900

 

 

 

Kasikornbank PLC

 

1,386,174

 

0.8

 

1,378,400

 

 

 

Krung Thai Bank PCL

 

648,234

 

0.4

 

332,638

 

 

 

PTT Global Chemical PCL

 

566,053

 

0.3

 

134,500

 

 

 

PTT PCL

 

1,320,277

 

0.7

 

133,700

 

 

 

Siam Commercial Bank PCL

 

588,370

 

0.3

 

 

 

 

 

 

 

6,776,787

 

3.8

 

 

 

 

 

Total Common Stock

 

 

 

 

 

 

 

 

 

(Cost $184,747,498)

 

172,976,690

 

95.9

 

 

 

 

 

 

 

 

 

 

 

EXCHANGE-TRADED FUNDS: 1.7%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

43,585

 

 

 

iShares MSCI All Country Asia ex Japan Index Fund

 

2,210,195

 

1.3

 

34,735

 

 

 

iShares MSCI Australia Index Fund

 

721,099

 

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Exchange-Traded Funds

 

 

 

 

 

 

 

 

 

(Cost $3,210,944)

 

2,931,294

 

1.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Investments in Securities
(Cost $187,958,442)

 

$

175,907,984

 

97.6

 

 

 

 

 

Assets in Excess of Other Liabilities

 

4,416,882

 

2.4

 

 

 

 

 

Net Assets

 

$

180,324,866

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

@

 

Non-income producing security

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost for federal income tax purposes is $188,155,463.

 

 

 

 

 

 

 

 

 

Net unrealized depreciation consists of:

 

 

 

 

 

 

 

 

 

Gross Unrealized Appreciation

 

$

11,369,560

 

 

 

 

 

 

 

Gross Unrealized Depreciation

 

(23,617,039)

 

 

 

 

 

 

 

Net Unrealized Depreciation

 

$

(12,247,479)

 

 

 

 

Sector Diversification

 

Percentage of
Net Assets

Consumer Discretionary

 

7.3%

Consumer Staples

 

6.0

Energy

 

6.7%

Financials

 

34.0

Health Care

 

1.3

Industrials

 

8.0

Information Technology

 

13.8

Materials

 

12.1

Telecommunications

 

5.2

Utilities

 

3.2

Assets in Excess of Other Liabilities

 

2.4

Net Assets

 

100.0%

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Asia Pacific High Dividend Equity Income Fund

 

as of May 31, 2012 (Unaudited) (continued)

 

Fair Value Measurements

 

The following is a summary of the fair valuations according to the inputs used as of May 31, 2012 in valuing the assets and liabilities:

 

 

 

Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)

 

Significant
Other
Observable
Inputs #
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Fair Value
at
5/31/2012

Asset Table

 

 

 

 

 

 

 

 

Investments, at value

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

 

 

Australia

 

$

 

$

46,407,942

 

$

 

$

46,407,942

China

 

 

34,346,081

 

 

34,346,081

Hong Kong

 

 

15,413,300

 

 

15,413,300

India

 

 

10,046,281

 

 

10,046,281

Indonesia

 

 

4,923,683

 

 

4,923,683

Macau

 

 

914,569

 

 

914,569

Malaysia

 

 

2,514,062

 

 

2,514,062

Philippines

 

 

729,738

 

 

729,738

Singapore

 

 

9,096,343

 

 

9,096,343

South Korea

 

1,274,116

 

21,650,182

 

 

22,924,298

Taiwan

 

 

18,883,606

 

 

18,883,606

Thailand

 

 

6,776,787

 

 

6,776,787

Total Common Stock

 

1,274,116

 

171,702,574

 

 

172,976,690

Exchange-Traded Funds

 

2,931,294

 

 

 

2,931,294

Total Investments, at value

 

$

4,205,410

 

$

171,702,574

 

$

 

$

175,907,984

Liabilities Table

 

 

 

 

 

 

 

 

Other Financial Instruments+

 

 

 

 

 

 

 

 

Written Options

 

$

 

$

(25,752)

 

$

 

$

(25,752)

Total Liabilities

 

$

 

$

(25,752)

 

$

 

$

(25,752)

 

+

Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument.

#

The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments.

 

 

 

There were no significant transfers between Level 1 and 2 during the period ended May 31, 2012.

 

ING Asia Pacific High Dividend Equity Income Fund Written OTC Options on May 31, 2012:

 

# of Contracts

 

Counterparty

 

Description

 

Exercise
Price

 

Expiration
Date

 

Premiums
Received

 

Fair Value

 

Options on Indices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,000

 

Deutsche Bank AG

 

Call on S&P/ASX 200 Index

 

4,300.490

 

AUD

 

06/07/12 

 

$

262,293

 

$

(1,393)

 

4,900

 

Morgan Stanley

 

Call on Hang Seng Index

 

19,738.230

 

HKD

 

06/07/12 

 

260,336

 

(4,394)

 

47,800,000

 

Royal Bank of Scotland Group PLC

 

Call on Korea Stock Exchange KOSPI 200 Index

 

256.450

 

KRW

 

06/07/12 

 

176,334

 

(1,894)

 

30,000

 

Royal Bank of Scotland Group PLC

 

Call on Taiwan Stock Exchange Weighted Index

 

7,486.250

 

TWD

 

06/07/12 

 

111,000

 

(18,071)

 

 

 

 

 

 

 

Total Written OTC Options

 

$

809,963

 

$

(25,752)

 

 



 

Item 2. Controls and Procedures.

 

 

(a)

Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-Q are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-Q and the officer certifications of such Form N-Q.

 

 

(b)

There were no significant changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3. Exhibits.

 

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT.

 



 

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 Asia Pacific High Dividend Equity Income Fund

 

By

/s/ Shaun P. Mathews

 

 

Shaun P. Mathews

 

 

President and Chief Executive Officer

 

 

 

 

Date:

July 27, 2012

 

 

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:

July 27, 2012

 

 

 

 

By

/s/ Todd Modic

 

 

Todd Modic

 

 

Senior Vice President and Chief Financial Officer

 

 

 

 

Date:

July 27, 2012