March 1, 2012 ING Mutual Funds Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(v)
March 1, 2012
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
ING Investments, LLC (“IIL”) and ING Mutual Funds (“IMF”), on behalf of ING International Value Choice Fund (the “Fund”), are parties to an Amended and Restated Investment Advisory Agreement dated September 23, 2002, as amended (the “Agreement”) under which IMF has agreed to pay IIL an annual advisory fee for investment management services with respect to the Fund.
By execution of this letter, IIL hereby voluntarily waives 10 basis points of the annual advisory fee that it is entitled to receive under the Agreement for the period from March 1, 2012 through March 1, 2013.
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, | |
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/s/ Xxxx Xxxxx | |
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Xxxx Xxxxx | |
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Senior Vice President | |
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ING Investments, LLC | |
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Agreed and Accepted: |
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(on behalf of the Fund) |
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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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0000 X. Xxxxxxxxxx Xxxxx Xx. |
Tel: 000-000-0000 |
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Suite 100 |
Fax: 000-000-0000 |
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Scottsdale, AZ 85258-2034 |
xxx.xxxxxxxx.xxx |
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