Exhibit (h)(17)
FORM OF
AMENDED SCHEDULE A
WITH RESPECT TO THE
AMENDED AND RESTATED
EXPENSE LIMITATION AGREEMENT
BY AND BETWEEN
ING PILGRIM INVESTMENTS, LLC,
AELTUS INVESTMENT MANAGEMENT
AND
PILGRIM EQUITY TRUST
OPERATING EXPENSE LIMITS
EFFECTIVE AS OF FEBRUARY 26, 2002
This Agreement relates to the following Funds:
GUARANTY MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND MATURITY DATE (AS A PERCENTAGE OF AVERAGE NET ASSETS)*
------------ ------------- ----------------------------------------
Class A Class B Class C Class Q
------- ------- ------- -------
Pilgrim Principal Protection Fund October 11, 2006 1.75% 2.50% 2.50% 1.75%
Pilgrim Principal Protection Fund II** January 31, 2007 1.75% 2.50% 2.50% 1.75%
ING Principal Protection Fund III*** June 5, 2007 1.75% 2.50% 2.50% 1.75%
Approved by the Board of Trustees on May 9, 2001 for Pilgrim Principal
Protection Fund; on November 2, 2001 for Pilgrim Principal Protection Fund II;
and on February 26, 2002 for ING Principal Protection Fund III.
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* Effective through to the Guarantee Maturity Date, thereafter this limit
is subject to change if the Agreement is extended as contemplated in
paragraph 4 and 5.4.
** This Amended and Restated Expense Limitation Agreement is effective
with respect to this Fund upon the effective date of the initial
Registration Statement with respect to the Fund: November 5, 2001.
*** This Amended Schedule A will be effective with respect to this Fund
upon the effective date of the initial Registration Statement with
respect to the Fund.