Exhibit (d)(12)
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Exhibit (d)(12) |
October 1, 2012
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 85258-2034
Re: | Expense Limitations |
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the adviser to ING SmallCap Opportunities Fund (the “Fund”), agrees that ING Investments shall, from October 1, 2012 through October 1, 2013, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:
Maximum Operating Expense Ratios (as a percentage of average net assets) |
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Name of Fund |
Class A | Class B | Class C | Class I | Class R | Class W | ||||||||||||||||||
ING SmallCap Opportunities Fund |
1.50 | % | 2.25 | % | 2.25 | % | 1.10 | % | 1.75 | % | 1.25 | % |
ING Investments acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
ING Investments, LLC | ||
By: | /s/ Xxxx Xxxxx | |
Senior Vice President |
Your signature below acknowledges acceptance of this Agreement: | ||
By: |
/s/ Xxxxxxxx X. Xxxxxxxx | |
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 Investments, LLC |