Exhibit (d)(5)(i)
|
Exhibit (d)(5)(i) |
October 14, 2011
Xxxxx Erie
Vice President
RBC Global Asset Management (U.S.) Inc.
000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000
Minneapolis, MN 55402
Dear Mr. Erie:
Pursuant to Section 1 of the Sub-Advisory Agreement dated September 30, 2011, between ING Investments, LLC and RBC Global Asset Management (U.S.) Inc. (the “Agreement”) we hereby notify you of our intention to modify the annual sub-adviser fee for ING Mid Cap Value Fund, a series of ING Equity Trust (the “Fund”), effective on October 14, 2011. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Fund, is attached hereto.
Please signify your acceptance to the modification of the sub-adviser fee for the Fund by signing below where indicated.
Very sincerely, |
/s/Xxxx Xxxxx |
Senior Vice President ING Investments, LLC |
ACCEPTED AND AGREED TO: RBC Global Asset Management (U.S.) Inc. | ||
By | /s/Xxxxx Xxxx | |
Name | Xxxxx Xxxx | |
Title | COO |
0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 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
RBC GLOBAL ASSET MANAGENENT (U.S.) INC.
Series |
Annual Sub-Adviser Fee | |
(as a percentage of average daily net assets) | ||
ING Mid Cap Value Fund |
0.425% on first $100 million; 0.40% on next $200 million; and 0.35% thereafter |
2