Contract
 |
(d)(5)(v) |
June 1, 2008
Xxxxx Xxxxxxxx
Chief Operating Officer
ING Clarion Real Estate Securities
000 Xxxxx Xxxxxx-Xxxxxxx Xxxx
Suite 205
Radnor, PA 19087
Dear Xx. Xxxxxxxx:
Pursuant to the Sub-Advisory Agreement dated September 23, 2002 between ING Investments, LLC and ING Clarion Real Estate Securities L.P., as amended, (the “Agreement”), we hereby notify you of our intention to modify the annual sub-adviser fee for ING Global Real Estate Fund (the “Fund”), effective June 1, 2008, 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 amending Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-adviser fee indicated for the Fund, is attached hereto.
Please signify your acceptance to the modified sub-adviser fee with respect to the Fund by signing below where indicated.
| Very sincerely, |
| /s/ Xxxx Xxxxx |
| Xxxx Xxxxx |
| Senior Vice President |
| ING Investments, LLC |
ACCEPTED AND AGREED TO:
ING Clarion Real Estate Securities L.P.
| By: | /s/ X. Xxxxxx Xxxxxxxx | |
| Name: | X. Xxxxxx Xxxxxxxx | |
| Title: | Managing Director, CIO, Duly Authorized |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
ING CLARION REAL ESTATE SECURITIES L.P.
| Series |
Annual Sub-Adviser Fee | |
| (as a percentage of average daily net assets) | ||
| ING Asia-Pacific Real Estate Fund1 |
0.50% on the first $250 million of assets 0.45% on the next $250 million of assets 0.40% thereafter | |
| ING European Real Estate Fund1 |
0.50% on the first $250 million of assets 0.45% on the next $250 million of assets 0.40% thereafter | |
| ING Global Real Estate Fund |
0.400% on the first $200 million of assets; 0.350% on the next $550 million of assets; and 0.300% on assets in excess of $750 million | |
| ING International Real Estate Fund |
0.50% on the first $250 million of assets 0.45% on the next $250 million of assets 0.40% thereafter | |
| 1 |
Amended effective October 15, 2007 to add ING Asia-Pacific Real Estate Fund and ING European Real Estate Fund as Series subject to the Agreement. |
