December 14, 2010 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(1)(B)(iii)
December 14, 2010
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Investment Management Agreement dated August 21, 2003, as amended, between ING Investors Trust and ING Investments, LLC (the “Agreement”), we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING American Funds Global Growth and Income Portfolio and ING American Funds International Growth and Income Portfolio (together, the “Portfolios”), each a newly established series of ING Investors Trust. This will be effective on or about December 14, 2010. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Portfolios to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Portfolios, is attached to the letter.
Please signify your acceptance to act as Manager under the Agreement with respect to the Portfolios.
| Very sincerely, |
| /s/ Xxxxxxxx X. Xxxxxxxx |
| By: |
| Name: Xxxxxxxx X. Xxxxxxxx |
| Title: Senior Vice President |
| ING Investors Trust |
ACCEPTED AND AGREED TO:
ING Investments, LLC
| /s/ Xxxx Xxxxx |
| By: |
| Name: Xxxx Xxxxx |
| Title: Senior Vice President |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investors Trust |
AMENDED SCHEDULE A
with respect to the
INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
| Annual Investment | ||
| Management Fee | ||
| Series1 |
(as a percentage of average daily net assets) | |
| ING American Funds Asset Allocation Portfolio3 | If the Series has not invested all or substantially all of its assets in another investment company: 0.5000% of the first $600 million 0.4200% on the next $600 million 0.3600% on the next $800 million 0.3200% on the next $1billion 0.2800% on the next $2 billion 0.2600% on the next $3 billion 0.2500% on assets in excess of $8 billion
If the Series invests all or substantially all of its assets in another investment company: 0.00% of all assets |
1 This Schedule A to the Investment Management Agreement will be effective with respect to the Series upon the effective date of the post effective amendment to the Trust’s Registration Statement with respect to each Series.
| ING American Funds Bond Portfolio2 | If the Series has not invested all or substantially all of its assets in another investment company: 0.48% on the first $600 million 0.44% on the next $400 million 0.40% on the next $1 billion 0.38% on the next $1 billion 0.36% on assets over $3 billion If the Series invests all or substantially all of its assets in another investment company: 0.00% computed on all assets | |
| ING American Funds Global Growth and Income Portfolio4 |
If the Series has not invested all or substantially all of its assets in another investment company:
0.69% on the first $600 million of net assets; 0.59% on next $600 million of the Portfolio’s average daily net assets; 0.53% on next $800 million of the Portfolio’s average daily net assets; 0.50% on next $1 billion of the Portfolio’s average daily net assets; 0.48% on the Portfolio’s average daily net assets in excess of $3 billion.
If the Series invests all or substantially all of its assets in another investment company:
0.00% of all assets | |
2 The initial two-year term of ING American Funds Bond Portfolio commenced on November 9, 2007.
3 The initial two-year term of ING American Funds Asset Allocation Portfolio commenced on April 28, 2008.
4 The initial two-year term of ING American Funds Global Growth and Income Portfolio and ING American Funds International Growth and Income Portfolio commenced on December 14, 2010.
| ING American Funds Growth Portfolio | If the Series has not invested all or substantially all of its assets in another investment company: 0.50% of the first $600 million of net assets plus 0.45% on net assets greater than $600 million but not exceeding $1.0 billion plus 0.42% on net assets greater than $1.0 billion but not exceeding $2.0 billion plus 0.37% on net assets greater than $2.0 billion but not exceeding $3.0 billion plus 0.35% on net assets greater than $3.0 billion but not exceeding $5.0 billion, plus 0.33% on net assets greater than $5.0 billion but not exceeding $8.0 billion plus 0.315% on net assets greater than $8.0 billion but not exceeding $13.0 billion plus 0.30% on net assets in excess of $13.0 billion; and 0.00% if the Series invests all or substantially all of its assets in another investment company | |
| ING American Funds International Growth and Income Portfolio4 | If the Series has not invested all or substantially all of its assets in another investment company:
0.69% on the first $500 million in assets; and 0.59% on the next $500 million in assets 0.53% on assets in excess $1 billion
If the Series invests all or substantially all of its assets in another investment company:
0.00% on all assets |
4 The initial two-year term of ING American Funds Global Growth and Income Portfolio and ING American Funds International Growth and Income Portfolio commenced on December 14, 2010.
| ING American Funds International Portfolio | If the Series has not invested all or substantially all of its assets in another investment company: 0.69% of the first $500 million of net assets plus 0.59% on net assets greater than $500 million but not exceeding $1.0 billion plus 0.53% on net assets greater than $1.0 billion but not exceeding $1.5 billion plus 0.50% on net assets greater than $1.5 billion but not exceeding $2.5 billion,
plus 0.48% on net assets greater than $2.5 billion but not exceeding $4.0 billion plus 0.47% on net assets greater than $4.0 billion but not exceeding $6.5 billion plus 0.46% on net assets greater than $6.5 billion but not exceeding $10.5 billion plus 0.45% on net assets in excess of $10.5 billion; and 0.00% if the Series invests all or substantially all of its assets in another investment company | |
| ING American Funds Growth-Income Portfolio | If the Series has not invested all or substantially all of its assets in another investment company: 0.50% of the first $600 million of net assets plus 0.45% on net assets greater than $600 million but not exceeding $1.5 billion plus 0.40% on net assets greater than $1.5 billion but not exceeding $2.5 billion plus 0.32% on net assets greater than $2.5 billion but not exceeding $4.0 billion, plus 0.285% on net assets greater than $4.0 billion but not exceeding $6.5 billion, plus 0.256% on net assets greater than $6.5 billion but not exceeding $10.5 billion, plus 0.242% on net assets in excess of $10.5 billion; and 0.00% if the Series invests all or substantially all of its assets in another investment company | |
