May 13, 2013
Exhibit 99.77(q)(1)(e)(2)
May 13, 2013
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 13, 2013 we agree to waive the investment management fee payable to us under the Investment Management Agreement, dated May 13, 2013 between ING Investments, LLC and ING Funds Trust (the “Agreement”). Such waiver will be in an amount equal to the investment management fees allocated to, and otherwise payable by, the Class P shares of ING Floating Rate Fund and ING High Yield Bond Fund, each a series of ING Funds Trust, thereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
By this letter, we agree to waive the investment management fee in this manner for the period from May 13, 2013 through August 1, 2014 (the “Waiver Period”).
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely,
/s/Xxxx Xxxxx
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
Agreed and Accepted:
(on behalf of the Funds)
By: /s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 |
ING Investments, LLC |