March 28, 2013 Christopher Kurtz Vice President, Finance ING Investment Management Co. LLC One Orange Way, C1-N Windsor, CT 06095 Dear Mr. Kurtz:
(d)(3)(vii)
March 28, 2013
Xxxxxxxxxxx Xxxxx
Vice President, Finance
ING Investment Management Co. LLC
One Orange Way, C1-N
Windsor, CT 06095
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement, dated August 1, 2003, as amended (the “Agreement”), between ING Investments, LLC and Aeltus Investment Management Inc., now known as ING Investment Management Co. LLC, we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Global Perspectives Fund (the “Fund”), a newly established series of ING Mutual Funds, effective on March 28, 2013, 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 Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fee indicated for the Fund, is attached hereto. The remaining terms and conditions set forth in the Agreement will remain unchanged.
Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Fund by signing below.
| Very sincerely, | |
| /s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | |
| Senior Vice President | |
| ING Investments, LLC |
ACCEPTED AND AGREED TO:
ING Investment Management Co. LLC
| By: | /s/ Xxxxxxxxxxx Xxxxx | |
| Name: | Xxxxxxxxxxx Xxxxx | |
| Title: | VP Finance , Duly Authorized |
|
0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
ING INVESTMENT MANAGEMENT CO. LLC
| Series |
Annual Sub-Adviser Fee (as a percentage of average daily net assets allocated to the Sub-Adviser) |
| ING Diversified Emerging Markets Debt Fund | 0.315% |
| ING Diversified International Fund |
Direct Investments1 0.135% on all assets
Underlying Funds2 0.030% on first $500 million of assets; 0.025% on next $500 million of assets; 0.020% on next $1 billion of assets; and 0.010% on assets in excess of $2 billion |
| ING Global Bond Fund | 0.18% |
|
ING Global Equity Dividend Fund
|
0.315% |
| ING Global Natural Resources Fund |
0.4500% of first $50 million of assets 0.3375% for assets in excess of $50 million |
|
ING Global Opportunities Fund
|
0.405% of first $500 million of assets 0.3825% for assets in excess of $500 million
|
1 “Direct Investments” shall mean assets which are not Underlying Funds.
2 “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on March 23, 2013.
| ING Global Perspectives Fund |
Direct Investments1 0.135% on all assets
Underlying Funds2 0.045% on all assets |
| ING Russia Fund | 0.5625% |
| ING International Value Choice Fund | 0.50% |
| ING International Value Equity Fund (formerly, ING Global Value Choice Fund) |
0.405% of first $500 million of assets 0.36% on next $500 million of assets 0.3375% for assets in excess of $1 billion |
1 “Direct Investments” shall mean assets which are not Underlying Funds.
2 “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on March 23, 2013.
