March 1, 2011 ING Mutual Funds
Exhibit (d)(25)
March 1, 2011
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING Greater China Fund (the “Fund”), agrees that ING Investments shall, from March 1, 2011 through and including March 1, 2012, 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 all follows:
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Maximum Operating Expense Limit |
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Name of Fund |
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Class A |
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Class B |
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Class C |
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Class I |
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Class O |
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ING Greater China Fund |
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2.10 |
% |
2.85 |
% |
2.85 |
% |
1.85 |
% |
2.10 |
% |
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.
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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0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx |
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Suite 100 |
Tel: |
000.000.0000 |
ING Investments, LLC |
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Scottsdale, AZ 00000-0000 |
Fax: |
000.000.0000 |
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xxx.xxxxxxxx.xxx |
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