December 19, 2012 Todd Modic Senior Vice President ING Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
Exhibit (d)(2)(i)
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December 19, 2012
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Investment Management Agreement (the “Agreement”), dated July 20, 2012, as amended, between ING Separate Portfolios Trust and ING Investments, LLC (“Manager”), we hereby notify you of our intention to retain you as Manager 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 Funds to Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Funds, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with respect to the Fund by signing below where indicated.
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Very sincerely, |
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/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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ACCEPTED AND AGREED TO: |
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ING Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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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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AMENDED SCHEDULE A
with respect to the
INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
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Annual Investment Management Fee |
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Series |
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(as a percentage of average daily net assets) |
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ING Emerging Markets Corporate Debt Fund |
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0.85% |
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ING Emerging Markets Hard Currency Debt Fund |
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0.65% |
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ING Emerging Markets Local Currency Debt Fund |
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0.70% |
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ING Retirement Solution 2020 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2025 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
(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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Annual Investment Management Fee |
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Series |
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(as a percentage of average daily net assets) |
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ING Retirement Solution 2030 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2035 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2040 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2045 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2050 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution 2055 Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
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ING Retirement Solution Income Fund |
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Direct Investments(1) 0.30%
Underlying Funds(2) |
