March 28, 2013 Todd Modic Senior Vice President ING Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(1)(ii)
March 28, 2013
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
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 Global Perspectives Fund (the “Fund”), a newly established series of ING Mutual Funds, effective on March 28, 2013, 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 remaining terms and conditions set forth in the Agreement will remain unchanged.
The Amended Schedule A has also been updated to reflect the removal of ING Index Plus International Equity Fund, because it recently liquidated.
Please signify your acceptance to the modified investment management fee with respect to the aforementioned Fund by signing below where indicated.
| Very sincerely, | ||
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President | ||
| ING Mutual Funds | ||
ACCEPTED AND AGREED TO:
ING Investments, LLC
| By: | /s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
|
0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Mutual Funds |
AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
| Series | Annual Investment Management Fee (as a percentage of average daily net assets) |
| ING Diversified Emerging Markets Debt Fund | 0.70% |
|
ING Diversified International Fund
|
Direct Investments1 0.30%
Underlying Funds2 0.00% |
| ING Emerging Markets Equity Dividend Fund (formerly, ING Greater China Fund) |
1.00% on the first $100 million of assets 0.90% on the next $150 million of assets 0.80% on assets in excess of $250 million |
| ING Emerging Markets Equity Fund | 1.00% |
| ING Global Bond Fund | 0.40% |
| ING Global Perspectives Fund |
Direct Investments1 0.30%
Underlying Funds2 0.10% |
1 “Direct Investments” shall mean assets which are not Underlying Funds.
2 “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on March 23, 2013.
| 1 |
| Series | Annual Investment Management Fee (as a percentage of average daily net assets) |
| ING Global Real Estate Fund |
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 |
| ING International Core Fund | 0.75% |
| ING International Growth Fund | 0.75% |
| ING International Real Estate Fund |
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 |
| ING International Small Cap Fund |
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 |
| ING International Value Choice Fund | 1.00% |
| ING International Value Equity Fund (formerly, ING Global Value Choice Fund) |
0.90% on the first $500 million 0.80% on the next $500 million 0.75% of assets in excess of $1 billion |
1 “Direct Investments” shall mean assets which are not Underlying Funds.
2 “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on March 23, 2013.
| 2 |
