April 3, 2009 Michael Gioffre Senior Vice President ING Investment Management Co.
Exhibit 99.B(d)(5)(v)
April 3, 2009
Xxxxxxx Xxxxxxx
Senior Vice President
ING Investment Management Co.
00 Xxxxx Xxxxx Xxxxxx
Hartford, CT 06103-3602
Dear Xx. Xxxxxxx:
Pursuant to the Sub-Advisory Agreement dated September 23, 2002, as amended, between ING Investments, LLC and ING Investment Management Co. (the “Agreement”) we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Growth Opportunities Fund (the “Fund”), a series of ING Equity Trust, effective April 3, 2009, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the above-mentioned Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the series, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Fund by signing below.
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Very sincerely, |
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By: |
/s/ Xxxx Xxxxx |
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Name: |
Xxxx Xxxxx |
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Title: |
Senior Vice President |
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ING Equity Trust |
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ACCEPTED AND AGREED TO: |
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ING Investment Management Co. |
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By: |
/s/ Xxx Xxxxxx |
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Name: |
Xxx Xxxxxx |
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Title: |
Head of Corp. Finance, Duly Authorized |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
ING INVESTMENT MANAGEMENT CO.
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Series |
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Annual Sub-Adviser Fee |
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(as a percentage of average daily net assets) |
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ING Equity Dividend Fund |
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0.2925% on all assets |
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ING Financial Services Fund |
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0.4500% of first
$30 million of assets |
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ING Fundamental Research Fund |
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0.3150% of first $500 million of assets 0.2925% of next $500 million 0.2700% of assets in excess of $1 billion |
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ING Growth Opportunities Fund |
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0.338% of first $500 million 0.304% of next $500 million; and 0.293% of assets in excess of $1 billion |
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ING MidCap Opportunities Fund |
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0.3375% |
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ING Opportunistic LargeCap Fund |
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0.3150% of first $500 million of assets 0.2925% of next $500 million 0.2700% of assets in excess of $1 billion |
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ING SmallCap Opportunities Fund |
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0.405% of the first $250 million of assets 0.36% of the next $250 million of assets 0.3375% of assets in excess of $500 million |
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ING SmallCap Value Multi-Manager Fund |
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0.3375%(1) |
(1) as a percentage of average daily net assets under the management of ING Investment Management Co.
