EXHIBIT (h)(21)
FORM OF AMENDED SCHEDULE A
WITH RESPECT TO THE
AMENDED AND RESTATED
EXPENSE LIMITATION AGREEMENT
BY AND BETWEEN
ING PILGRIM INVESTMENTS, LLC* ,
AELTUS INVESTMENT MANAGEMENT, INC.
AND
PILGRIM EQUITY TRUST**
OPERATING EXPENSE LIMITS
EFFECTIVE AS OF MAY 24, 2002
This Agreement relates to the following Funds:
GUARANTY MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND MATURITY DATE (AS A PERCENTAGE OF AVERAGE NET ASSETS)***
------------ ------------- ------------------------------------------
Class A Class B Class C Class Q
------- ------- ------- -------
ING Principal Protection Fund October 11, 2006 1.75% 2.50% 2.50% 1.75%
ING Principal Protection Fund II January 31, 2007 1.75% 2.50% 2.50% 1.75%
ING Principal Protection Fund III June 5, 2007 1.75% 2.50% 2.50% 1.75%
ING Principal Protection Fund IV October 8, 2007 1.75% 2.50% 2.50% 1.75%
Approved by the Board of Trustees on May 9, 2001 for ING Principal Protection
Fund; on November 2, 2001 for ING Principal Protection Fund II; on February 26,
2002 for ING Principal Protection Fund III; and on May 24, 2002 for ING
Principal Protection Fund IV.
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* Merged into ING Investments, LLC as of March 1, 2002.
** Renamed ING Equity Trust as of March 1, 2002.
*** Effective through to the Guarantee Maturity Date, thereafter this limit is
subject to change if the Agreement is extended as contemplated in
paragraphs 4 and 5.4.
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HE
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