FORM OF SUB-ADVISORY AGREEMENT ING MUTUAL FUNDSSub-Advisory Agreement • December 6th, 2010 • Ing Mutual Funds • Arizona
This AGREEMENT is made as of this ____ day of ____________, 20__, between ING Investments, LLC, an Arizona limited liability company (the “Manager”), and Baillie Gifford Overseas Limited, an independent investment management firm based in Edinburgh, Scotland (the “Sub-Adviser”).
Form Of SUB-ADVISORY AGREEMENT ING MUTUAL FUNDSSub-Advisory Agreement • December 6th, 2010 • Ing Mutual Funds • Delaware
This AGREEMENT is made as of this 14th day of December, 2010 among ING Mutual Funds, a Delaware statutory trust (the “Fund”), ING Investments, LLC (the “Manager”), an Arizona limited liability company, and T. Rowe Price Associates, Inc. (the “Sub-Adviser”), a Maryland corporation.
FORM OFCustody Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the terms and conditions of the Custody Agreement, Foreign Custody Manager Agreement, Fund Accounting Agreement, Custody & Fund Accounting Fee Schedule, and Global Securities Fee Schedule, each dated January 6, 2003, and the Cash Reserve Agreement dated March 31, 2003 (the “Agreements”), we hereby notify you of the addition of ING American Funds Global Growth and Income Portfolio and ING American Funds International Growth and Income Portfolio, each a newly established series of ING Investors Trust, and ING International Growth Fund, a newly established series of ING Mutual Funds, (collectively, the “Funds”), effective on or about December 14, 2010, to be included on the Amended Exhibit A to the Agreements as shown. This Amended Exhibit A supersedes the previous Amended Exhibit A dated August 2, 2010.
November 1, 2010 Tradewinds Global Investors, LLC Attention: General Counsel Los Angeles, CA 90067 Dear Sir or Madam:Sub-Advisory Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Sub-Advisory Agreement (the “Agreement”) dated November 16, 2007, between ING Investments, LLC and Tradewinds Global Investors, LLC (the “Sub-Adviser”) we hereby notify you of our intention to modify the fees payable to the Sub-Adviser for ING International Value Choice Fund (the “Fund”), a series of ING Mutual Funds, effective on or about November 1, 2010. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Fund, is attached hereto.
FORM OFInvestment Management Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Amended and Restated Investment Management Agreement dated February 1, 2005, as amended, between ING Mutual Funds and ING Investments, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING International Growth Fund (the “Fund”), a newly established series of ING Mutual Funds, effective December 14, 2010, 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 Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Fund, is attached hereto.
FORM OFAdministration Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Amended and Restated Administration Agreement dated November 30, 2008, as amended, between ING Mutual Funds and ING Funds Services, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Administrator to render administrative and other services to ING International Growth Fund (the “Fund), a newly established series of ING Mutual Funds, effective on or about December 14, 2010, 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 Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual administration fees indicated for the series, is attached hereto.
November 1, 2010 ING Mutual Funds Scottsdale, AZ 85258 Ladies and Gentlemen:Investment Advisory Agreement • December 6th, 2010 • Ing Mutual Funds
ING Investments, LLC (“IIL”) and ING Mutual Funds (“IMF”), on behalf of ING International Value Choice Fund (the “Fund”), are parties to an Amended and Restated Investment Advisory Agreement dated September 23, 2002, as amended (the “Agreement”) under which IMF has agreed to pay IIL an annual advisory fee for investment management services with respect to the Fund.
ContractUnderwriting Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Underwriting Agreement dated September 23, 2002, as amended, between ING Mutual Funds and ING Investments Distributor, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Underwriter to render underwriting services to ING International Growth Fund (the “Fund”), a newly established series of ING Mutual Funds, effective on or about December 14, 2010, 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 the Amended Schedule A of the Agreement. The Amended Schedule A is attached hereto.
June 30, 2010 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258 Dear Mr. Modic:Investment Management Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Investment Management Agreement dated September 23, 2002, as amended, between ING Mutual Funds and ING Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the annual investment management fee for ING Global Opportunities Fund (the “Fund”) (formerly, ING Foreign Fund), effective on or about June 30, 2010, subject to shareholder approval of a new sub-advisory agreement for the Fund. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Fund, is attached hereto.
ContractExpense Limitation Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to this letter agreement dated June 30, 2010, with regard to ING Global Opportunities Fund, formerly known as ING Foreign Fund, we hereby agree to waive and/or reimburse the investment management fee in accordance with the Expense Limitation Agreement between ING Investments, LLC and ING Mutual Funds, dated September 23, 2002, as restated August 1, 2003, and further amended and restated February 1, 2005 (the “Expense Limitation Agreement”), for the period from June 30, 2010 through March 1, 2012 as if the Maximum Operating Expense Limits specified in Amended Schedule A of the Expense Limitation Agreement were as follows:
September 28, 2010 Christopher Kurtz Vice President, Finance ING Investment Management Co. Hartford, CT 06103-3602 Dear Mr. Kurtz:Sub-Advisory Agreement • December 6th, 2010 • Ing Mutual Funds
Pursuant to the Sub-Advisory Agreement dated August 1, 2003, as amended (the “Agreement”), between ING Investments, LLC and ING Investment Management Co. (IIM), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Index Plus International Equity Fund (the “Fund”), a series of ING Mutual Funds, effective on or about September 28, 2010, subject to shareholder approval, upon all of the terms and conditions set forth in the Agreement.
