June 1, 2009 Sheryl Sadis, CFO Kayne Anderson Rudnick Investment Management, LLC
Exhibit 99.B(d)(9)(i)
June 1, 2009
Xxxxxx Xxxxx, CFO
Xxxxx Xxxxxxxx Xxxxxxx Investment Management, LLC
0000 Xxxxxx of the Stars, 2nd Floor
Los Angeles, CA 90067
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement dated March 29, 2007, between ING Investments, LLC and Xxxxx Xxxxxxxx Xxxxxxx Investment Management, LLC (the “Agreement”) we hereby notify you of our intention to modify the fees payable to the Sub-Adviser for ING SmallCap Value Multi-Manager Fund, a series of ING Equity Trust (the “Fund”), effective June 1, 2009. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Fund, is attached hereto.
Please signify your acceptance to the modification of the sub-advisory fee for the Fund by signing below where indicated.
|
|
Very sincerely, |
||
|
|
|
||
|
|
|
||
|
|
By: |
/s/ Xxxx Xxxxx |
|
|
|
Name: |
Xxxx Xxxxx |
|
|
|
Title: |
Senior Vice President |
|
|
|
|
ING Investments, LLC |
|
|
|
|
||
|
|
|
||
ACCEPTED AND AGREED TO: |
|
|
||
Xxxxx Xxxxxxxx Xxxxxxx Investment Management, LLC |
|
|
||
|
|
|
||
|
|
|
||
By: |
/s/ Xxxxxxx Xxxxxx |
|
|
|
Name: |
Xxxxxxx Xxxxxx |
|
|
|
Title: |
XXX, Xxxx Authorized |
|
|
0000 X. Xxxxxxxxxx Xxxxx Xx. |
|
Tel: 000-000-0000 |
|
ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
XXXXX XXXXXXXX XXXXXXX INVESTMENT MANAGEMENT, LLC
Series |
|
Annual Sub-Adviser Fee |
|
|
(as a percentage of average daily net assets |
|
|
|
ING SmallCap Value Multi-Manager Fund |
|
0.50% on all assets |
2