Directed Services LLC May 1, 2016 Voya Investors Trust Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(A)(iv)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2016
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxx 000
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement, dated May 1, 2013, among Columbia Management Investment Advisers, LLC (“Columbia”), sub-adviser to Voya Multi-Manager Large Cap Core Portfolio (the “Portfolio”), Voya Investors Trust (“VIT”), and Directed Services LLC (“DSL”), the sub-advisory fee rate payable by DSL to Columbia on behalf of the Portfolio was reduced on May 1, 2013. On November 18, 2014, Columbia executed a new Sub-Advisory Agreement.
Pursuant to the Sub-Advisory Agreement, dated May 1, 2013, among The London Company of Virginia, LLC (“London”), sub-adviser to the Portfolio, VIT, and DSL, the sub-advisory fee rate payable by DSL to London remains the same as that payable by DSL to the Portfolio’s previous sub-adviser, Pioneer Investment Management, Inc., effective as of May 1, 2013. On November 18, 2014, London executed a new Sub-Advisory Agreement.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual management fee for the Portfolio with a corresponding reduction based upon the aggregate blended sub-advisory fee of all sub-advisory fee rates for the Portfolio (the “Reduction”), for the period from May 1, 2016 through May 1, 2017. The Reduction shall be calculated as follows:
Reduction = 50% x (aggregate blended sub-advisory fee rate computed based on all sub-advisory fee rates for the Portfolio prior to May 1, 2013 – the aggregate blended sub-advisory fee rate computed based on all sub-advisory fee rates after May 1, 2013)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
Please indicate your agreement to this Reduction by executing below in the place indicated.
|
|
|
Very sincerely, | ||
|
|
|
| ||
|
|
|
| ||
|
|
By: |
/s/ Xxxx Xxxxx | ||
|
|
|
Xxxx Xxxxx | ||
|
|
|
Vice President | ||
|
|
|
Directed Services LLC | ||
|
|
|
| ||
|
|
|
| ||
|
Agreed and Accepted: |
|
| ||
|
|
| |||
|
(on behalf of the Portfolio) |
|
| ||
|
|
|
| ||
|
|
|
| ||
|
By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
|
| |
|
|
Xxxxxxxx X. Xxxxxxxx |
| ||
|
|
Senior Vice President |
| ||
