January 1, 2010 Todd Modic Senior Vice President ING Investments, LLC
Exhibit 99.B(d)(1)(i)
January 1, 2010
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Amended and Restated Investment Management Agreement dated July 29, 2005, as amended, between ING Funds Trust and ING Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the fee breakpoints to the annual investment management fee for ING High Yield Bond Fund (the “Fund”), effective as of January 1, 2010.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule A of the Agreement. The Amended Schedule A, which indicates the modified breakpoints to the annual investment management fee for the Fund, is attached hereto.
Please signify your acceptance to the modified breakpoints to the annual investment management fee for the aforementioned Fund by signing below where indicated.
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Very sincerely, |
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/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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ACCEPTED AND AGREED TO: |
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ING Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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Scottsdale, AZ 00000-0000 |
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Fax: 000-000-0000 |
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xxx.xxxxxxxx.xxx |
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AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
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Name of Fund |
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Annual Investment Management Fee |
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(as a percentage of average daily net assets) |
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ING Classic Money Market Fund |
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0.25% |
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ING High Yield Bond Fund |
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0.51% on first $500 million of assets 0.45% on next $4.5 billion of assets 0.40% on assets thereafter |
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ING Institutional Prime Money Market Fund |
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0.08% |
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ING Intermediate Bond Fund |
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0.17% |
