February 1, 2011 Todd Modic Senior Vice President ING Investments, LLC
Exhbiit (d)(1)(ii)
February 1, 2011
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx, Xxxxx 000
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Amended and Restated Investment Management Agreement dated February 1, 2005, as amended, between ING Mutual Funds and ING Investments, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING International Core Fund (the “Fund”), a newly established series of ING Mutual Funds, effective on or about February 1, 2011, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Fund, is attached hereto.
The Amended Schedule A has also been updated by the removal of ING Asia-Pacific Real Estate Fund and ING European Real Estate Fund because these series recently liquidated.
Please signify your acceptance to act as Manager under the Agreement with respect to the aforementioned Fund by signing below where indicated.
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Very sincerely, | |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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ACCEPTED AND AGREED TO: |
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ING Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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0000 X. Xxxxxxxxxx Xxxxx Xx., Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
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Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
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AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
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Annual Investment Management Fee |
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Series |
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(as a percentage of average daily net assets) |
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ING Diversified International Fund |
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0.00% |
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ING Emerging Countries Fund |
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1.00% |
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ING Global Bond Fund |
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0.40% |
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ING Global Real Estate Fund |
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0.80% of the first $250 million of assets 0.775% of the next $250 million of assets 0.70% of assets in excess of $500 million |
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ING Global Value Choice Fund |
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0.90% on the first $500 million 0.80% on the next $500 million 0.75% of assets in excess of $1 billion |
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ING Greater China Fund |
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1.15% on the first $100 million of assets 1.05% on the next $150 million of assets 0.95% on assets in excess of $250 million |
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ING Index Plus International Equity Fund |
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0.55% |
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ING International Capital Appreciation Fund |
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0.85% on the first $500 million of assets 0.80% on the next $500 million of assets 0.75% on assets in excess of $1 billion |
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ING International Core Fund |
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0.75% |
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ING International Growth Fund |
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0.75% |
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Annual Investment Management Fee |
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Series |
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(as a percentage of average daily net assets) |
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ING International Real Estate Fund |
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1.00% on the first $250 million of assets 0.90% on the next $250 million of assets 0.80% on assets in excess of $500 million |
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ING International SmallCap Multi-Manager Fund |
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1.00% of the first $500 million of assets 0.90% of the next $500 million of assets 0.85% of assets in excess of $1 billion |
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ING International Value Choice Fund |
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1.00% |
