Directed Services LLC
Exhibit 99.B(d)(1)(D)(iv)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
April 30, 2010
Directed Services, LLC
0000 Xxxxxxxx Xxxxx
Xxxx Xxxxxxx, XX 00000
Re: Advisory Fee Waiver
Ladies and Gentlemen:
Directed Services LLC (“DSL”) and ING Investors Trust (“IIT”) are parties to an Amended and Restated Investment Management Agreement dated April 29, 2005, as amended and restated (the “Agreement”) under which IIT has agreed to pay DSL an annual advisory fee in the amount of 0.25% on all assets of ING DFA Global All Equity Portfolio. By execution of this letter, DSL hereby voluntarily waives a portion of the annual advisory fee that it is entitled to receive as follows:
DSL will waive twenty-two (22) basis points from the advisory fee payable to DSL for an initial period commencing on the date of the Agreement through and including May 1, 2011. The amount of the fee waiver will be twenty-two (22) basis points per year, as reflected in the post-waiver advisory fee schedule set out below.
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Annual Advisory Fee |
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as a percentage of average daily net assets |
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0.03% |
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This letter agreement shall terminate upon the termination of the Agreement.
Sincerely,
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/s/ Xxxx Xxxxx |
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/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxx Xxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Vice President |
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Senior Vice President |
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Directed Services LLC |
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