EX-99.(D)(5)(IV) 4 dex99d5iv.txt FORM OF AMENDED SCHEDULE A TO THE SUB-ADVISORY AGREEMENT [LOGO] ING FUNDS (d)(5)(iv) FORM OF June 1, 2008 David Makowicz Chief Operating Officer ING Clarion Real Estate Securities 259 North Radnor-Chester Road Suite 205 Radnor, PA 19087 Dear Mr. Makowicz: Pursuant to the Sub-Advisory Agreement dated September 23, 2002 between ING Investments, LLC and ING Clarion Real Estate Securities L.P., as amended, (the "Agreement"), we hereby notify you of our intention to modify the annual sub-adviser fee for ING Global Real Estate Fund (the "Fund"), effective June 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 sub-adviser fee indicated for the Fund, is attached hereto. Please signify your acceptance to the modified sub-adviser fee with respect to the Fund by signing below where indicated. Very sincerely, Todd Modic Senior Vice President ING Investments, LLC ACCEPTED AND AGREED TO: ING Clarion Real Estate Securities L.P. By: --------------------------------- Name: ------------------------------- Title: , Duly Authorized ------------- 7337 E. Doubletree Ranch Rd. Tel: 480-477-3000 ING Investments, LLC Scottsdale, AZ 85258-2034 Fax: 480-477-2744 www.ingfunds.com FORM OF AMENDED SCHEDULE A with respect to the SUB-ADVISORY AGREEMENT between ING INVESTMENTS, LLC and ING CLARION REAL ESTATE SECURITIES L.P.
Series Annual Sub-Adviser Fee ------ ---------------------- (as a percentage of average daily net assets) ING Global Real Estate Fund 0.400% on the first $200 million of assets; 0.350% on the next $550 million of assets; and 0.300% on assets in excess of $750 million ING International Real Estate Fund 0.50% on the first $250 million of assets 0.45% on the next $250 million of assets 0.40% thereafter