FEE ALLOCATION AGREEMENT
(K)(11)
AMENDED AND RESTATED
INVESTMENT COMPANY INSTITUTE
THIS INVESTMENT COMPANY INSTITUTE FEE ALLOCATION AGREEMENT, effective March 24, 2004, is hereby amended and restated the 1st day of January, 2007 (the "Agreement"), by and among the ING Funds listed on Schedule A attached hereto (each a "Fund," collectively the "Funds") each acting on its own behalf, and on behalf of its series, and ING Investments, LLC and Directed Services, LLC (together, the "Managers").
WHEREAS, the Boards of Directors/Trustees of each Fund (the "Board") has previously authorized the Managers to obtain membership in the Investment Company Institute for the benefit of the Funds;
WHEREAS, the entire cost of membership in the Investment Company Institute (the "ICI Fees") was previously allocated to the Funds in accordance with the Funds' respective advisory agreements with the Managers;
WHEREAS, the Funds now desire to establish the criteria by which the ICI Fees shall be allocated among the Funds and the Managers.
NOW, THEREFORE, IT IS HEREBY AGREED by and among the Managers and the Funds as follows:
Section 1. Allocation of ICI Fees
The Managers will pay sixty percent (60%) of the ICI Fees attributable to Funds. The amount allocated to the Managers will be based upon the Funds' respective net assets under management.
Each Fund will pay a pro rata portion of the remaining forty percent (40%) of the ICI Fees attributable to the Funds based upon the percentage of each Fund's net assets under management.
Section 2. Payment of ICI Fees
The Managers and the Funds will pay their allocated, respective portion of the ICI Fees as specified in Section 1 above. The ICI Fees will be calculated by ING Funds Services, LLC and communicated to each Fund annually for payment.
Section 3. Additional Funds
(a)As additional Funds become members of the Investment Company Institute, each such Fund and its portfolios shall become subject to this Agreement immediately upon being added to the Schedule A.
(b)Each additional Fund that becomes subject to this Agreement in accordance with Section 3(a) above shall pay a portion of the ICI Fees as described in Sections 1 and 2 above based on the percentage of such Fund's net assets under management.
Section 4. Continuation and Termination
The Agreement shall become effective on the date first written above. It shall continue with respect to a Fund until such Fund is no longer a member of the Investment Company Institute provided that such Fund's portion of the ICI Fees have been paid for the period that the Fund utilized ICI's services.
The Agreement shall terminate for each and all Funds upon termination of membership in the Investment Company Institute provided that all ICI Fees have been paid for the period that the Funds utilized ICI's services.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their duly authorized officers as of the date and year first above written.
ING INVESTMENTS, LLC |
DIRECTED SERVICES, LLC | |
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/s/ Xxxxxx X. Naka_ |
______/s/ Xxxx Xxxxx____________ |
By: |
Xxxxxx X. Naka |
By: Xxxx Xxxxx |
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Executive Vice President |
Vice President |
ON BEHALF OF ALL FUNDS |
| |
SET FORTH ON SCHEDULE A |
| |
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/s/ Xxxxxx X. Naka |
|
By: |
Xxxxxx X. Naka |
|
|
Executive Vice President |
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ING EQUITY TRUST
ING Disciplined LargeCap Fund
ING Financial Services Fund
ING Fundamental Research Fund
ING Index Plus LargeCap Equity Fund
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING MidCap Opportunities Fund
ING MidCap Value Choice Fund
ING MidCap Value Fund
ING Opportunistic LargeCap Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Choice Fund
ING SmallCap Value Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING Institutional Prime Money Market Fund
ING Intermediate Bond Fund
ING National Tax-Exempt Bond Fund
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING INVESTORS TRUST
ING AllianceBernstein Mid Cap Growth
Portfolio1
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING BlackRock Large Cap Value Portfolio1
ING BlackRock Large Cap Growth Portfolio1
ING Capital Guardian Small/Mid Cap Portfolio1
ING Capital Guardian U.S. Equities Portfolio1
ING Disciplined Small Cap Value Portfolio
ING EquitiesPlus Portfolio
ING Evergreen Health Sciences Portfolio1
ING Evergreen Omega Portfolio1
ING FMRSM Diversified Mid Cap Portfolio1
ING FMRSM Large Cap Growth Portfolio
ING FMRSM Mid Cap Growth Portfolio1
ING Franklin Income Portfolio
ING Global Real Estate Portfolio
ING Global Resources Portfolio1
ING Global Technology Portfolio1
1Under the terms of the Management Agreement between ING Investors Trust and Directed Services, LLC, the Fund is subject to a unified fee arrangement. Accordingly, the portion of ICI Fees allocated to the Fund under the Agreement will be borne directly by Directed Services, LLC as provided in the Management Agreement.
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ING International Portfolio1
ING Janus Contrarian Portfolio1
ING JPMorgan Emerging Markets Equity
Portfolio1
ING JPMorgan Small Cap Equity Portfolio1
ING JPMorgan Value Opportunities Portfolio
ING Xxxxxx Xxxx Foreign Portfolio1
ING Xxxx Xxxxx Partners All Cap Portfolio1
ING Xxxx Xxxxx Value Portfolio1
ING Limited Maturity Bond Portfolio1
ING Liquid Assets Portfolio1
ING Lord Xxxxxx Affiliated Portfolio1
ING Xxxxxxx Growth Portfolio1
ING Xxxxxxx International Opportunities
Portfolio
ING MFS Total Return Portfolio1
ING MFS Utilities Portfolio
ING Xxxxxxxxxxx Main Street Portfolio®1
ING PIMCO Core Bond Portfolio1
ING PIMCO High Yield Portfolio1
ING Pioneer Fund Portfolio1
ING Pioneer Mid Cap Value Portfolio1
ING Stock Index Portfolio1
ING X. Xxxx Price Capital Appreciation
Portfolio1
ING X. Xxxx Price Equity Income Portfolio1
ING Xxxxxxxxx Global Growth Portfolio1
ING UBS U.S. Allocation Portfolio1
ING Xxx Xxxxxx Equity Growth Portfolio1
ING Xxx Xxxxxx Global Franchise Portfolio1
ING Xxx Xxxxxx Growth and Income Portfolio1
ING Xxx Xxxxxx Real Estate Portfolio1
ING VP Index Plus International Equity
Portfolio
ING Xxxxx Fargo Mid Cap Disciplined Portfolio1
ING Xxxxx Fargo Small Cap Disciplined
Portfolio
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Emerging Countries Fund
ING Emerging Markets Fixed Income Fund
ING Foreign Fund
ING Global Bond Fund
ING Global Equity Dividend Fund
ING Global Natural Resources Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING Greater China Fund
ING Index Plus International Equity Fund
ING International Fund
ING International Capital Appreciation Fund
ING International Real Estate Fund
ING International SmallCap Fund
ING International Value Choice Fund
ING Russia Fund
ING PARTNERS, INC.
ING American Century Large Company Value
Portfolio
ING American Century Select Portfolio
ING American Century Small-Mid Cap Value
Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Columbia Small Cap Value II Portfolio
ING Xxxxx Venture Value Portfolio
ING Fidelity® VIP Contrafund® Portfolio
ING Fidelity® VIP Equity-Income Portfolio
ING Fidelity® VIP Growth Portfolio
ING Fidelity® VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING Xxxxxxx Xxxxx® Capital Growth Portfolio
ING Xxxxxxx Xxxxx® Structured Equity
Portfolio
ING JPMorgan International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Xxxx Xxxxx Partners Aggressive Growth
Portfolio
ING Xxxx Xxxxx Partners Large Cap Growth
Portfolio
1Under the terms of the Management Agreement between ING Investors Trust and Directed Services, LLC, the Fund is subject to a unified fee arrangement. Accordingly, the portion of ICI Fees allocated to the Fund under the Agreement will be borne directly by Directed Services, LLC as provided in the Management Agreement.
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ING Lord Xxxxxx U.S. Government Securities Portfolio
ING Xxxxxxxxx Xxxxxx Partners Portfolio ING Xxxxxxxxx Xxxxxx Regency Portfolio ING OpCap Balanced Value Portfolio ING Xxxxxxxxxxx Global Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio ING Xxxxxxxxx Foreign Equity Portfolio ING Xxxxxxxxx Value Portfolio
ING UBS U.S. Large Cap Equity Portfolio ING UBS U.S. Small Cap Growth Portfolio ING Xxx Xxxxxx Xxxxxxxx Portfolio
ING Xxx Xxxxxx Equity and Income Portfolio
ING PRIME RATE TRUST
ING SENIOR INCOME FUND
ING VARIABLE INSURANCE TRUST
ING GET U.S. Core Portfolio - Series 1 ING GET U.S. Core Portfolio - Series 2 ING GET U.S. Core Portfolio - Series 3 ING GET U.S. Core Portfolio - Series 4 ING GET U.S. Core Portfolio - Series 5 ING GET U.S. Core Portfolio - Series 6 ING GET U.S. Core Portfolio - Series 7 ING GET U.S. Core Portfolio - Series 8 ING GET U.S. Core Portfolio - Series 9 ING GET U.S. Core Portfolio – Series 10 ING GET U.S. Core Portfolio – Series 11 ING GET U.S. Core Portfolio – Series 12 ING GET U.S. Core Portfolio – Series 13 ING GET U.S. Core Portfolio – Series 14 ING VP Global Equity Dividend Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio ING VP International Value Portfolio ING XX XxxXxx Opportunities Portfolio ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING GET FUND
ING GET Fund – Series Q
ING GET Fund – Series R
ING GET Fund – Series S
ING GET Fund – Series T
ING GET Fund – Series U
ING GET Fund – Series V
ING SERIES FUND, INC.
Brokerage Cash Reserves
ING 130/30 Fundamental Research Fund
ING Aeltus Money Market Fund
ING Balanced Fund
ING Growth and Income Fund
ING Global Science and Technology Fund
ING Growth Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus SmallCap Fund
ING International Growth Fund
ING Small Company Fund
ING Strategic Allocation Conservative Fund
ING Strategic Allocation Growth Fund
ING Strategic Allocation Moderate Fund
ING STRATEGIC ALLOCATION PORTFOLIOS, INC.
ING VP Strategic Allocation Conservative
Portfolio
ING VP Strategic Allocation Growth Portfolio
ING VP Strategic Allocation Moderate Portfolio
1Under the terms of the Management Agreement between ING Investors Trust and Directed Services, LLC, the Fund is subject to a unified fee arrangement. Accordingly, the portion of ICI Fees allocated to the Fund under the Agreement will be borne directly by Directed Services, LLC as provided in the Management Agreement.
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ING VARIABLE FUNDS |
ING VP International Equity Portfolio | |
ING VP Growth and Income Portfolio |
ING VP Small Company Portfolio | |
ING VP Value Opportunity Portfolio | ||
ING VARIABLE PORTFOLIOS, INC. |
ING VP BALANCED PORTFOLIO, INC. | |
ING VP Global Science and Technology |
ING VP INTERMEDIATE BOND | |
Portfolio | ||
PORTFOLIO | ||
ING VP Growth Portfolio | ||
| ||
ING VP Index Plus LargeCap Portfolio |
ING VP MONEY MARKET PORTFOLIO | |
ING VP Index Plus MidCap Portfolio | ||
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ING VP Index Plus SmallCap Portfolio |
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1Under the terms of the Management Agreement between ING Investors Trust and Directed Services, LLC, the Fund is subject to a unified fee arrangement. Accordingly, the portion of ICI Fees allocated to the Fund under the Agreement will be borne directly by Directed Services, LLC as provided in the Management Agreement.
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