Exhibit - (d)(6)(iv)
(ING FUNDS LOGO)
January 1, 2005
Xxxxxxx Xxxxxx
ING Clarion Real Estate Securities L.P.
000 X. Xxxxxx Xxxxxxx Xxxx
Xxxxx 000
Xxxxxx, XX 00000
Dear Xx. Xxxxxx:
Pursuant to the Sub-Advisory Agreement dated September 23, 2002 between ING
Investments, LLC and ING Clarion Real Estate Securities L.P. (formerly Clarion
CRA Securities, L.P.), as amended (the "Agreement"), we hereby modify the fee
payable to the Sub-Adviser for ING Global Real Estate Fund (the "Fund") to
include breakpoints. Upon your acceptance, the Agreement will be modified to
give effect to the foregoing by adding breakpoints to the annual sub-adviser fee
for the Fund as indicated on AMENDED SCHEDULE A of the Agreement. The AMENDED
SCHEDULE A, with the annual sub-adviser fee indicated for the Fund, is attached
hereto.
Please signify your acceptance to the addition of breakpoints for the Fund
by signing below where indicated.
Very sincerely,
/s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Investments, LLC
ACCEPTED AND AGREED TO:
ING Clarion Real Estate Securities L.P.
By: /s/ X. Xxxxxx Xxxxxxxx
---------------------------------
Name: X. Xxxxxx Xxxxxxxx
Title: Managing Director,
Duly Authorized
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
WITH RESPECT TO THE
SUB-ADVISORY AGREEMENT
BETWEEN
ING INVESTMENTS, LLC
AND
ING CLARION REAL ESTATE SECURITIES L.P.
(FORMERLY CLARION CRA SECURITIES, L.P.)
SERIES ANNUAL SUB-ADVISER FEE
------ ---------------------------------------------
(as a percentage of average daily net assets)
ING Global Real Estate Fund 0.50% on the first $250 million of assets
0.45% on the next $250 million of assets
0.40% thereafter
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