Directed Services, LLC
Exhibit 99.B(H)(8)(F)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2008
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Directed Services, LLC (“DSL”), the Adviser to ING Pioneer Fund Portfolio (the “Portfolio”), agrees that in order to increase the competitiveness of the established expense ratios of the Portfolio, DSL shall, from May 11, 2008 through and including May 1, 2009, 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 Portfolio shall be as follows:
|
|
|
Maximum Operating Expense Ratios |
|
||||||
|
|
|
Classes |
|
||||||
|
Name of Fund |
|
Adviser |
|
Institutional |
|
Service |
|
Service 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
ING Pioneer Fund Portfolio |
|
1.285 |
% |
0.685 |
% |
0.935 |
% |
1.085 |
% |
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
|
|
|
Directed Services, LLC |
||
|
|
|
|
||
|
|
|
|
||
|
|
|
By: |
/s/ Xxxx Xxxxx |
|
|
|
|
|
Xxxx Xxxxx |
|
|
|
|
|
Vice President |
|
|
|
|
|
|
|
|
Accepted: |
|
|
||
|
|
|
|
|
|
|
By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
|
|
|
|
|
Xxxxxxxx X. Xxxxxxxx |
|
|
|
|
|
Senior Vice President |
|
|
|
|
|
|
|
||
