Contract
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FT INTERACTIVE
FT INTERACTIVE FEE ALLOCATION AGREEMENT, made as of the 21st day of August 2003 (the "Agreement") is entered into by and among the ING funds listed on Schedule A attached hereto (each a "Fund," collectively the "Funds") each acting on its own behalf, and on behalf of its series portfolios.
WHEREAS, the Board of Directors/Trustees of each Fund (the "Board") has authorized the retention of an independent fair value pricing information service, FT Interactive Data Corporation ("FT"), in accordance with the Funds' valuation procedures; and
WHEREAS, ING Investments, LLC ("ING Investments"), has entered into a Services Agreement with FT dated as of the 1st day of March 2000 on behalf of certain Customers, as such term is defined in the Services Agreement. (All capitalized terms, unless herein defined, will have the meaning set forth in the Services Agreement.) The FundRun Schedule of Data Services commencing on February 3, 2003, as amended, sets forth the cost of FT's fair valuation services ("FT Fees") in connection with the certain Customers including the Funds set forth on Schedule A; and
WHEREAS, the Funds now desire to establish (i) the criteria by which the FT Fees shall be allocated among the Funds in connection with the fees set forth in the FundRun Schedule of Data Services; and (ii) the basis on which additional Funds may be added to the Agreement.
NOW, THEREFORE, IT IS HEREBY AGREED by and among the Funds as follows:
Section 1. Allocation of FT Fees
Each Fund shall pay on behalf of itself, and its series portfolios, a portion of the FT Fees based upon the following allocation:
Each Fund will pay a pro rata portion of the FT Fees based upon the percentage of each Fund's portfolios' net assets that are invested in equity securities traded on a foreign exchange as determined at each month-end.
Section 2. Payment of FT Fees
Each Fund will pay a portion of the FT Fees as specified in Section 1 above. Such amounts will be calculated by ING Fund Services, LLC and communicated to each Fund's Custodian. Payments shall be forwarded by each Fund to FT monthly as follows:
FT Interactive Data
P.O. Box 98616
Chicago, IL 60693
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Section 3. Additional Funds
(a)If ING Investments adds any additional Funds to the Services Agreement through an amendment to the FundRun Schedule of Data Services, in connection with FT's fair valuation of equity securities traded on a foreign exchange services, such Fund and its portfolios shall become subject to this Agreement immediately upon being added to the Schedule A.
(b)Each additional Fund that becomes subject to this Agreement in accordance with Section 3(a) above shall pay a portion of the FT Fees as described in Section 1 above based on the percentage of such Fund's portfolios' net assets that are invested in equity securities traded on a foreign exchange as determined at the first month-end after such Fund becomes subject to this Agreement. Such allocation will be adjusted monthly thereafter.
Section 4. Continuation and Termination
The Agreement shall become effective on the date first written above. It shall continue with respect to a Fund until such Fund is removed as a Customer from the FundRun Schedule of Data Services provided that such Fund's portion of the FT Fees have been paid for the period that the Fund utilized FT's services.
The Agreement shall terminate for all Funds upon termination of the Services Agreement and FundRun Schedule of Data Services provided that all FT Fees have been paid for the period that the Funds utilized FT's services.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their duly authorized officers as of the date and year first above written.
ON BEHALF OF ALL FUNDS
SET FORTH ON SCHEDULE A
/s/ Xxxxxxx X. Xxxxxx
By: Xxxxxxx X. Xxxxxx*
Executive Vice President
*Xxxx authorized to execute and deliver this Agreement on behalf of each Fund set forth on Schedule A to the Agreement.
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Schedule A | ||
THE FUNDS | ||
ING INVESTORS TRUST |
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ING INVESTORS TRUST (continued) |
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Fund For Life Series1 |
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ING Xxx Xxxxxx Growth and Income Portfolio1 |
Global Balanced Series1 |
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ING Xxx Xxxxxx Real Estate Portfolio1 |
ING AIM Mid Cap Growth Portfolio1 |
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ING Alliance Mid Cap Growth Portfolio1 |
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ING EQUITY TRUST |
ING American Funds Growth Portfolio |
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ING Convertible Fund |
ING American Funds Growth-Income Portfolio |
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ING Disciplined LargeCap Fund |
ING American Funds International Portfolio |
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ING Equity and Bond Fund |
ING Capital Guardian Large Cap Value Portfolio1 |
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ING Financial Services Fund |
ING Capital Guardian Managed Global Portfolio1 |
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ING Growth Opportunities Fund |
ING Capital Guardian Small Cap Portfolio1 |
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ING Large Company Value Fund |
ING Developing World Portfolio1 |
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ING LargeCap Growth Fund |
ING Eagle Asset Value Equity Portfolio1 |
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ING MidCap Opportunities Fund |
ING FMRSM Diversified Mid Cap Portfolio1 |
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ING MidCap Value Fund |
ING Xxxxxxx Xxxxx Internet TollkeeperSM |
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ING Principal Protection Fund |
Portfolio1 |
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ING Principal Protection Fund II |
ING Hard Assets Portfolio1 |
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ING Principal Protection Fund III |
ING International Portfolio1 |
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ING Principal Protection Fund IV |
ING Janus Growth and Income Portfolio1 |
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ING Principal Protection Fund V |
ING Janus Special Equity Portfolio1 |
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ING Principal Protection Fund VI |
ING Xxxxxxxx Equity Opportunities Portfolio1 |
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ING Principal Protection Fund VII |
ING Xxxxxx Xxxx Foreign Portfolio1 |
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ING Principal Protection Fund VIII |
ING JPMorgan Xxxxxxx Small Cap Equity |
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ING Principal Protection Fund IX |
Portfolio1 |
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ING Real Estate Fund |
ING Limited Maturity Bond Portfolio1 |
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ING SmallCap Opportunities Fund |
ING Liquid Assets Portfolio1 |
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ING SmallCap Value Fund |
ING Xxxxxxx Growth Portfolio1 |
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ING Tax Efficient Equity Fund |
ING Mercury Focus Value Portfolio1 |
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ING Mercury Fundamental Growth Portfolio1 |
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ING FUNDS TRUST |
ING MFS Mid Cap Growth Portfolio1 |
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ING Classic Money Market Fund |
ING MFS Research Portfolio1 |
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ING GNMA Income Fund |
ING MFS Total Return Portfolio1 |
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ING High Yield Bond Fund |
ING PIMCO Core Bond Portfolio1 |
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ING High Yield Opportunity Fund |
ING PIMCO High Yield Portfolio1 |
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ING Intermediate Bond Fund |
ING Salomon Brothers All Cap Portfolio1 |
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ING Lexington Money Market Trust |
ING Salomon Brothers Investors Portfolio1 |
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ING Money Market Fund |
ING Stock Index Portfolio1 |
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ING National Tax-Exempt Bond Fund |
ING X. Xxxx Price Capital Appreciation |
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ING Strategic Bond Fund |
Portfolio1 |
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ING X. Xxxx Price Equity Income Portfolio1 |
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ING INVESTMENT FUNDS, INC. |
ING UBS U.S. Balanced Portfolio1 |
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ING MagnaCap Fund |
ING Xxx Xxxxxx Equity Growth Portfolio1 |
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ING Xxx Xxxxxx Global Franchise Portfolio1 |
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3 | |
1Under the terms of the Management Agreement between ING Investors Trust and Directed Services, Inc., the Fund is subject to a unified fee arrangement. Accordingly, the portion of FT Fees allocated to the Fund under the Agreement will be borne directly by Directed Services, Inc. as provided in the Management Agreement.
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ING MAYFLOWER TRUST |
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USLICO SERIES FUND |
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ING Growth + Value Fund |
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The Asset Allocation Portfolio |
ING International Value Fund |
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The Bond Portfolio |
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The Money Market Portfolio |
ING MUTUAL FUNDS |
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The Stock Portfolio |
ING Emerging Countries Fund |
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ING Foreign Fund |
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ING PARTNERS, INC. |
ING Global Equity Dividend Fund |
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ING Xxxxx Aggressive Growth Portfolio |
ING Global Real Estate Fund |
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ING Xxxxx Capital Appreciation Portfolio |
ING International Fund |
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ING Xxxxx Growth Portfolio |
ING International SmallCap Growth Fund |
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ING American Century Small Cap Value Portfolio |
ING Precious Metals Fund |
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ING Baron Small Cap Growth Portfolio |
ING Russia Fund |
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ING DSI Enhanced Index Portfolio |
ING Worldwide Growth Fund |
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ING Xxxxxxx Xxxxx® Capital Growth Portfolio |
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ING Xxxxxxx Xxxxx® Core Equity Portfolio |
ING PRIME RATE TRUST |
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ING JPMorgan Xxxxxxx International Portfolio |
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ING JPMorgan Mid Cap Value Portfolio |
ING SENIOR INCOME FUND |
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ING MFS Capital Opportunities Portfolio |
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ING MFS Global Growth Portfolio |
ING VARIABLE INSURANCE TRUST |
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ING MFS Research Equity Portfolio |
ING VP Worldwide Growth Portfolio |
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ING OpCap Balanced Value Portfolio |
ING GET U.S. Core Portfolio – Series 1 |
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ING PIMCO Total Return Portfolio |
ING GET U.S. Core Portfolio – Series 2 |
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ING Salomon Brothers Aggressive Growth |
ING GET U.S. Opportunity Portfolio – Series 1 |
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Portfolio |
ING GET U.S. Opportunity Portfolio – Series 2 |
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ING Salomon Brothers Fundamental Value |
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Portfolio |
ING VARIABLE PRODUCTS TRUST |
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ING Salomon Brothers Investors Value Portfolio |
ING VP Convertible Portfolio |
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ING X. Xxxx Price Growth Equity Portfolio |
ING VP Disciplined LargeCap Portfolio |
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ING UBS Tactical Asset Allocation Portfolio |
ING VP Financial Services Portfolio |
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ING Xxx Xxxxxx Xxxxxxxx Portfolio |
ING VP Growth + Value Portfolio |
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ING VP Growth Opportunities Portfolio |
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ING VP BALANCED PORTFOLIO, INC. |
ING VP High Yield Bond Portfolio |
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ING VP International Portfolio |
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ING STRATEGIC ALLOCATION |
ING VP International SmallCap Growth Portfolio |
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PORTFOLIOS, INC. |
ING VP International Value Portfolio |
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ING VP Strategic Allocation Balanced Portfolio |
ING VP Large Company Value Portfolio |
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ING VP Strategic Allocation Growth Portfolio |
ING VP LargeCap Growth Portfolio |
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ING VP Strategic Allocation Income Portfolio |
ING VP MagnaCap Portfolio |
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ING XX XxxXxx Opportunities Portfolio |
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ING GET FUND |
ING VP SmallCap Opportunities Portfolio |
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ING GET Fund – Series D |
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ING GET Fund – Series E |
ING VP EMERGING MARKETS FUND, INC. |
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ING GET Fund – Series G |
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ING GET Fund – Series H |
ING VP NATURAL RESOURCES TRUST |
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ING GET Fund – Series I |
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ING GET Fund – Series J |
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ING GET Fund – Series K |
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ING GET Fund – Series L |
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ING GET Fund – Series M |
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ING GET Fund – Series N |
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ING GET FUND (continued) |
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ING SERIES FUND, INC. |
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ING GET Fund – Series P |
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Brokerage Cash Reserves |
ING GET Fund – Series Q |
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ING Aeltus Money Market Fund |
ING GET Fund – Series R |
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ING Balanced Fund |
ING GET Fund – Series S |
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ING Bond Fund |
ING GET Fund – Series T |
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ING Classic Principal Protection Fund I |
ING GET Fund – Series U |
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ING Classic Principal Protection Fund II |
ING GET Fund – Series V |
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ING Classic Principal Protection Fund III |
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ING Classic Principal Protection Fund IV |
ING XX XXXX PORTFOLIO |
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ING Government Fund |
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ING Growth and Income Fund |
ING VP MONEY MARKET PORTFOLIO |
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ING Growth Fund |
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ING Index Plus LargeCap Fund |
ING VARIABLE FUNDS |
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ING Index Plus MidCap Fund |
ING VP Growth and Income Portfolio |
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ING Index Plus Protection Fund |
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ING Index Plus SmallCap Fund |
ING VARIABLE PORTFOLIOS, INC. |
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ING International Growth Fund |
ING VP Growth Portfolio |
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ING Small Company Fund |
ING VP Index Plus LargeCap Portfolio |
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ING Strategic Allocation Balanced Fund |
ING VP Index Plus MidCap Portfolio |
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ING Strategic Allocation Growth Fund |
ING VP Index Plus SmallCap Portfolio |
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ING Strategic Allocation Income Fund |
ING VP International Equity Portfolio |
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ING Technology Fund |
ING VP Small Company Portfolio |
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ING Value Opportunity Fund |
ING VP Technology Portfolio |
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ING VP Value Opportunity Portfolio |
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