Contract
|
(d)(19)(iv) |
March 1, 2014
| 0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
| Re: | Expense Limitations |
Ladies and Gentlemen:
Pursuant to this letter agreement, dated October 1, 2013, with regard to the Class A, B, C, I, and W shares of ING Global Opportunities Fund (the “Fund”), formerly known as ING Foreign Fund, a series of ING Mutual Funds, we hereby agree to waive and/or reimburse the investment management fee in accordance with the Expense Limitation Agreement between ING Investments, LLC and ING Mutual Funds, dated May 13, 2013 (the “Expense Limitation Agreement”), for the period from March 1, 2014 through March 1, 2015, as if the Maximum Operating Expense Limits specified in Amended Schedule A of the Expense Limitation Agreement were as follows:
| Name of Fund | Maximum Operating Expense Limit (as a percentage of average net assets) | |||||||||
| Classes | ||||||||||
| A |
B |
C |
I |
W | ||||||
| ING Global Opportunities Fund |
1.40% | 2.15% | 2.15% | 1.05% | 1.15% | |||||
We are willing to be bound by this letter agreement for the period from March 1, 2014 through March 1, 2015. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply. Any fees waived pursuant to this letter agreement shall not be eligible for recoupment. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of ING Mutual Funds.
Sincerely,
/s/ Xxxx Xxxxx
Xxxx Xxxxx
Senior Vice President
| 0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
Tel: 000.000.0000 Fax: 000.000.0000 xxx.xxxxxxxx.xxx |
ING Investments, LLC |
