November 15, 2012 ING Mutual Funds 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
(d)(25)
November 15, 2012
ING Mutual Funds
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING Emerging Markets Equity Dividend Fund (formerly, ING Greater China Fund, the “Fund”), agrees that ING Investments shall, from November 15, 2012 through March 1, 2013, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:
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Maximum Operating Expense Limit |
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Name of Fund |
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Class A |
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Class B |
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Class C |
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Class I |
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Class O |
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Class W |
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ING Emerging Markets Equity Dividend Fund (formerly, ING Greater China Fund) |
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1.70 |
% |
2.45 |
% |
2.45 |
% |
1.45 |
% |
1.70 |
% |
1.45 |
% |
ING Investments acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
This Agreement replaces the previous Agreement for the Fund dated March 1, 2012.
Sincerely,
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/s/: Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx |
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Suite 100 |
Tel: 000.000.0000 |
ING Investments, LLC |
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Scottsdale, AZ 00000-0000 |
Fax:000.000.0000 |
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xxx.xxxxxxxx.xxx |
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