December 3, 2012 ING Funds Trust Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(ii)
December 3, 2012
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated December 3, 2012 we agree to waive the investment management fee payable to us under the Amended and Restated Investment Management Agreement, dated July 29, 2005 between ING Investments, LLC and ING Funds Trust (the “Agreement”). Such waiver will be in an amount equal to the investment management fees allocated to, and otherwise payable by, the Class P shares of ING Floating Rate Fund and ING High Yield Bond Fund, each a series of ING Funds Trust, thereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
By this letter, we agree to waive the investment management fee in this manner for the period from December 3, 2012 through August 1, 2014 (the “Waiver Period”).
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
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Very 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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ING Investments, LLC |
Agreed and Accepted:
(on behalf of the Funds)
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
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Tel: 000-000-0000 Fax: 000-000-0000 |
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ING Investments, LLC |
