ContractExpense Limitations Agreement • February 26th, 2014 • Ing Mutual Funds
Pursuant to this letter agreement, dated October 1, 2013, with regard to the Class A, B, C, I, and W shares of ING Global Opportunities Fund (the “Fund”), formerly known as ING Foreign Fund, a series of ING Mutual Funds, 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 May 13, 2013 (the “Expense Limitation Agreement”), for the period from March 1, 2014 through March 1, 2015, as if the Maximum Operating Expense Limits specified in Amended Schedule A of the Expense Limitation Agreement were as follows:
May 13, 2013 ING Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Expense Limitation Agreement • February 26th, 2014 • Ing Mutual Funds
ING Mutual Funds (“IMF”), ING Investments, LLC (“IIL”) and CBRE Clarion Securities LLC (“Clarion”) are parties to an Expense Limitation Agreement dated May 13, 2013 (the “ELA”) that limits the expenses of ING International Real Estate Fund (“Real Estate Fund”), a series of IMF. Pursuant to the ELA: (1) IIL waives its investment advisory fee in an amount sufficient to achieve Real Estate Fund’s Operating Expense Limits, as set out in the ELA; and (2) for so long as the sub-advisory fees payable to Clarion with respect to Real Estate Fund are equal to 50% of the advisory fee payable to IIL by the Fund, Clarion reduces its sub-advisory fees in an amount sufficient to pay 50% of any Excess Amount, as such term is defined in the ELA, paid by IIL to Real Estate Fund under the ELA. Real Estate Fund’s Operating Expense Limits under the ELA are as follows:
ContractInvestment Management Fee Waiver • February 26th, 2014 • Ing Mutual Funds
By this letter dated March 1, 2014, we agree to waive the investment management fee payable to us under the Investment Management Agreement, dated May 7, 2013 between ING Investments, LLC and ING Mutual Funds (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 Global Bond Fund, a series of ING Mutual Funds, thereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
EXPENSE LIMITATION AGREEMENT ING MUTUAL FUNDSExpense Limitation Agreement • February 26th, 2014 • Ing Mutual Funds
This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective the 13th day of May 2013, by and between ING Investments, LLC (the “Investment Manager”), ING Mutual Funds (the “Registrant”) and CBRE Clarion Securities LLC (formerly ING Clarion Real Estate Securities L.P.) (the “Sub-Adviser”). The Registrant is a series fund investment company, and is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series.
EXPENSE LIMITATION AGREEMENT ING MUTUAL FUNDSExpense Limitation Agreement • February 26th, 2014 • Ing Mutual Funds
This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective October 1, 2013, by and between ING Investments, LLC (the “Investment Manager”) and ING Mutual Funds (the “Registrant”). The Registrant is a series fund investment company, and is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” and collectively, the “Funds”), as such schedule may be amended from time to time to add or delete series.
EXPENSE LIMITATION AGREEMENT ING MUTUAL FUNDSExpense Limitation Agreement • February 26th, 2014 • Ing Mutual Funds
This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective May 13, 2013, by and between ING Investments, LLC (the “Investment Manager”) and ING Mutual Funds (the “Registrant”). The Registrant is a series fund investment company, and is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series.
EXPENSE LIMITATION AGREEMENT ING MUTUAL FUNDSExpense Limitation Agreement • February 26th, 2014 • Ing Mutual Funds
This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective this 30th day of July, 2013, is made by and between ING Investments, LLC (the “Investment Manager”), ING Investments Distributor, LLC, formerly ING Funds Distributor, LLC (the “Distributor”), and ING Mutual Funds (the “Registrant”). If Registrant is a series fund investment company, then Registrant is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series. If The Registrant is not a series fund investment company, then this Agreement shall apply to the Registrant, and the use of the terms “Fund” or “Funds” herein shall refer to the Registrant.
ContractWaiver Agreement • February 26th, 2014 • Ing Mutual Funds
By this letter dated March 1, 2014, we agree to waive the administrative fee payable to us under the Amended and Restated Administration Agreement, dated March 7, 2013, as amended, between ING Mutual Funds and ING Funds Services, LLC (the “Agreement”). Such waiver will be in an amount equal to the administrative fee allocated to, and otherwise payable by, the Class P shares of ING Global Bond Fund, a series of ING Mutual Funds, hereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
ASSIGNMENT AND ASSUMPTION OF SUB-ADVISORY AGREEMENTSub-Advisory Agreement • February 26th, 2014 • Ing Mutual Funds
This Assignment and Assumption of Sub-Advisory Agreement is made as of May 23, 2013 by and between Delaware Management Company (“DMC”) and Delaware Investments Fund Advisers (“DIFA”), each a series of Delaware Management Business Trust, a Delaware statutory trust (“DMBT”).
ContractSub-Advisory Agreement • February 26th, 2014 • Ing Mutual Funds
Pursuant to the Sub-Advisory Agreement dated March 1, 2005, between Acadian Asset Management LLC (“Acadian”), sub-adviser to ING International Small Cap Fund, formerly, ING International SmallCap Multi-Manager Fund (the “Fund”), a series of ING Mutual Funds, and ING Investments, LLC (“IIL”), the sub-advisory fee rate payable by IIL to Acadian on behalf of the Fund is reduced effective as of January 1, 2010. On May 13, 2013, Acadian executed a new Sub-Advisory Agreement.
