FORM OF
(d)(1)(iii)
FORM OF
December 4, 2007
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Second Amended and Restated Investment Management Agreement
dated February 1, 2005, as amended, between ING Equity Trust 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 Equity Dividend Fund (the “Equity Dividend Fund”), a newly
established series of ING Equity Trust, effective December 4, 2007, 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 Equity Dividend Fund to the Amended Schedule A of
the Agreement. The Amended Schedule A, with the annual investment management fee indicated
for Equity Dividend Fund, is attached to the letter.
In addition, we hereby notify you of our intention to modify the annual investment management
fee for ING MidCap Opportunities Fund and ING SmallCap Opportunities Fund (the “Funds”), effective
[January 1, 2008], 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 amending Amended
Schedule A of the Agreement. The Amended Schedule A, with the annual investment
management fees indicated for the Funds, is attached to the letter.
Please signify your acceptance to act as Manager for Equity Dividend Fund and to the
modification of the investment management fees for the Funds under the Agreement by signing below
where indicated.
Very sincerely, | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
ING Equity Trust |
ACCEPTED AND AGREED TO: | ||||
ING Investments, LLC | ||||
By:
|
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Name: |
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Title: |
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0000 X. Xxxxxxxxxx Xxxxx Xx.
|
Tel: 000-000-0000 | ING Equity Trust | ||
Scottsdale, AZ 00000-0000
|
Fax: 000-000-0000 | |||
xxx.xxxxxxxx.xxx |
FORM OF
AMENDED SCHEDULE A
with respect to the
SECOND AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
Series | Annual Investment Management Fee | |||
(as a percentage of average daily net assets) | ||||
ING Equity Dividend Fund |
0.65 | % | ||
ING Fundamental Research Fund |
0.70% on first $500 million of assets | |||
0.65% on next $500 million of assets | ||||
0.60% thereafter | ||||
ING LargeCap Value Fund
|
0.90% on first $50 million of assets | |||
0.85% on next $450 million of assets | ||||
0.80% thereafter | ||||
ING MidCap Opportunities Fund
|
0.75 | % | ||
ING Opportunistic LargeCap Fund |
0.70% on first $500 million of assets | |||
0.65% on next $500 million of assets | ||||
0.60% thereafter | ||||
ING Real Estate Fund
|
0.70 | % | ||
ING SmallCap Opportunities Fund
|
0.90% of the first $250 million of assets | |||
0.80% of the next $250 million of assets | ||||
0.75% of assets in excess of $500 million |
1
Series | Annual Investment Management Fee | |||
(as a percentage of average daily net assets) | ||||
ING SmallCap Value Choice Fund
|
With respect to assets for which investment | |||
sub-advisory services are provided by an | ||||
investment adviser other than ING Investment | ||||
Management Co. — 1.00% | ||||
With respect to assets for which investment | ||||
sub-advisory services are provided by ING | ||||
Investment Management Co — 0.75% | ||||
ING Value Choice Fund
|
0.90 | % |
2