December 19, 2012 Christopher Kurtz Vice President ING Investment Management Co. LLC One Orange Way, C1-N Windsor, CT 06095 Dear Mr. Kurtz:
Exhibit (d)(5)(i)
December 19, 2012
Xxxxxxxxxxx Xxxxx
Vice President
ING Investment Management Co. LLC
One Orange Way, C1-N
Windsor, CT 06095
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement (the “Agreement”), dated July 20, 2012 between ING Investments, LLC and ING Investment Management Co. LLC (“Sub-Adviser”), as amended, we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Retirement Solution 2020 Fund, ING Retirement Solution 2025 Fund, ING Retirement Solution 2030 Fund, ING Retirement Solution 2035 Fund, ING Retirement Solution 2040 Fund, ING Retirement Solution 2045 Fund, ING Retirement Solution 2050 Fund, ING Retirement Solution 2055 Fund, and ING Retirement Solution Income Fund (collectively, the “Funds”), each a newly established series of ING Separate Portfolios Trust, effective on December 19, 2012, 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 Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fee indicated for the Funds, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Funds by signing below where 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 | |
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ACCEPTED AND AGREED TO: |
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ING Investment Management Co. LLC |
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By: |
/s/ Xxxxxxxxxxx Xxxxx |
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Name: |
Xxxxxxxxxxx Xxxxx |
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Title: |
V.P. Finance, Duly Authorized |
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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 xxx.xxxxxxxx.xxx |
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ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
ING INVESTMENT MANAGEMENT CO. LLC
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Annual Sub-Adviser Fee |
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ING Emerging Markets Corporate Debt Fund |
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0.3825% |
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ING Emerging Markets Hard Currency Debt Fund |
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0.2925% |
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ING Emerging Markets Local Currency Debt Fund |
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0.315% |
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ING Retirement Solution 2020 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2025 Fund |
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Direct Investments(1) 0.135% Underlying Funds(2) 0.00% |
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(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was effect on December 19, 2012.
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Series |
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Annual Sub-Adviser Fee |
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ING Retirement Solution 2030 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2035 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2040 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2045 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2050 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution 2055 Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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ING Retirement Solution Income Fund |
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Direct Investments(1) 0.135%
Underlying Funds(2) 0.00% |
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