September 30, 2010 ING Series Fund, Inc.
Exhibit (d)(4)(iv)
September 30, 2010
ING Series Fund, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, AZ 85258-2034
| Re: | Expense Limitations |
Ladies and Gentlemen:
By our execution of this letter agreement, intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING Core Equity Research Fund and ING Small Company Fund (together, the “Funds”), agrees that ING Investments shall, from September 30, 2010 through and including October 1, 2011, 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 Funds shall be as follows:
| Name of Fund | Maximum Operating Expense Limit (as a percentage of average net assets) |
|||||||||||||||||
| Classes | ||||||||||||||||||
| A | B | C | I | O | W | |||||||||||||
| ING Core Equity Research Fund |
1.08 | % | 1.83 | % | 1.83 | % | 0.75 | % | 1.08 | % | 0.83 | % | ||||||
| ING Small Company Fund |
1.50 | % | 2.25 | % | 2.25 | % | 1.04 | % | 1.50 | % | 1.25 | % | ||||||
We are willing to be bound by this letter agreement to lower our fees for the period from September 30, 2010 through and including October 1, 2011. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply, subject to possible recoupment by ING Investments within three years. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
Sincerely,
/s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: Senior Vice President
| 0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx | Tel: 000.000.0000 | ING Investments, LLC | ||
| Scottsdale, AZ 00000-0000 | Fax: 000.000.0000 | |||
| xxx.xxxxxxxx.xxx |
