Side Agreement between ING Mutual Funds and ING Investments, LLC

EX-99.(D)(19) 14 dex99d19.htm SIDE AGREEMENT BETWEEN ING MUTUAL FUNDS AND ING INVESTMENTS, LLC Side Agreement between ING Mutual Funds and ING Investments, LLC


		(d)(19)

May 30, 2008

ING Mutual Funds

7337 East Doubletree Ranch Road

Scottsdale, AZ 85258-2034

Re: Expense Limitations

Ladies and Gentlemen:

By execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING Greater China Fund (the “Fund”), agrees that ING Investments shall, from May 30, 2008 through and including March 1, 2010, waive all or a portion of its investment management fee and/or reimburse expenses for Class O shares of the Fund in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be all follows:


Name of Fund		Maximum Operating Expense Limit (as a percentage of average net assets)
		Class O Shares
ING Greater China Fund		2.10%

ING Investments acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.


Sincerely,

Name:		/s/ Todd Modic
Title:		Senior Vice President


7337 East Doubletree Ranch Road Scottsdale, AZ 85258-2034	Tel: 480.477.3000	ING Investments, LLC
7337 East Doubletree Ranch Road Scottsdale, AZ 85258-2034	Fax: 480.477.2700
	www.ingfunds.com