June 30, 2010 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(2)(iv)
June 30, 2010
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
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.
Please signify your acceptance to the modification of the investment management fee for the Fund by signing below where indicated.
| Very sincerely, |
| /s/ Xxxxxxxx X. Xxxxxxxx |
| Xxxxxxxx X. Xxxxxxxx Senior Vice President |
| ACCEPTED AND AGREED TO: ING Investments, LLC | ||
| By: |
/s/ Xxxx Xxxxx | |
| Xxxx Xxxxx Senior Vice President | ||
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Mutual Funds |
AMENDED SCHEDULE A
with respect to the
INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
| Series |
Annual Investment Management Fee | |
| (as a percentage of average daily net assets) | ||
| ING Global Equity Dividend Fund |
0.70% | |
| ING Global Natural Resources Fund |
1.00% of assets up to $50 million 0.75% of assets in excess of $50 million | |
| ING Global Opportunities Fund (formerly, ING Foreign Fund) |
0.90% of assets up to $500 million 0.85% of assets in excess of $500 million | |
| ING Russia Fund |
1.25% | |
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