October 1, 2011 ING Equity Trust
Exhibit (d)(10)(viii)
October 1, 2011
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, Arizona 85258-2034
| Re: | Expense Limitations |
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING SmallCap Opportunities Fund (the “Fund”), agrees that ING Investments shall, from October 1, 2011 through and including October 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 Funds shall be as follows:
| Name of Fund |
Maximum Operating Expense Ratios |
|||||||||||||||||||
| Class A | Class B | Class C | Class I | Class W | ||||||||||||||||
| ING SmallCap Opportunities Fund | 1.50 | % | 2.25 | % | 2.25 | % | 1.10 | % | 1.25 | % | ||||||||||
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.
| ING Investments, LLC | ||
| By: | /s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
Your signature below acknowledges
acceptance of this Agreement:
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President | ||
| ING Equity Trust |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. | Tel: 000.000.0000 | ING Investments, LLC | ||
| Suite 100 | Fax: 000.000.0000 | |||
| Scottsdale, AZ 85258-2034 | xxx.xxxxxxxx.xxx |
