May 1, 2017 Voya Investors Trust Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(D)(iv)
May 1, 2017
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated November 18, 2014, among Franklin Advisers, Inc. (“Franklin”), sub-adviser to VY® Franklin Income Portfolio (the “Portfolio”), Voya Investors Trust, and Directed Services LLC (“DSL”)(1), the sub-advisory fee rate for the Portfolio was reduced on January 1, 2016. On May 1, 2017, a new Sub-Advisory Agreement was executed between Franklin and Voya Investments, LLC (“VIL”).
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio, if a benefit exists, with a corresponding reduction (the “Reduction”) for the period from May 1, 2017 through May 1, 2018. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to Voya Investments, LLC from the January 1, 2016 sub-advisory fee rate reduction)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
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(1) Effective May 1, 2017, VIL replaced DSL as the investment manager for the Portfolio.
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Xxxxxx X. Xxxxxx |
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Senior Vice President |
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Voya Investments, LLC |
Agreed and Accepted:
(on behalf of the Portfolio)
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx | |
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Senior Vice President | |
