May 1, 2018 Voya Investors, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(A)(v)
May 1, 2018
Voya Investors, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated November 18, 2014, among Xxxxxx Xxxxxxx Investment Management, Inc. (“Xxxxxx Xxxxxxx”), sub-adviser to VY® Xxxxxx Xxxxxxx Global Franchise Portfolio (the “Portfolio”), Voya Investors Trust (the “Registrant”), and Directed Services LLC (“DSL”)(1), the sub-advisory fee rate for the Portfolio was reduced on July 1, 2015. On May 1, 2017, a new Sub-Advisory Agreement was executed between Xxxxxx Xxxxxxx and Voya Investments, LLC (“VIL”).
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual management fee for the Portfolio, if a benefit exists, with a corresponding reduction (the “Reduction”), for the period from May 1, 2018 through May 1, 2019. The Reduction shall be calculated as follows:
Reduction = 50% x (the sub-advisory fee rate for the Portfolio prior to July 1, 2015 — the sub-advisory fee rate for the Portfolio after July 1, 2015)
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/ Xxxx Xxxxx | |
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Xxxx Xxxxx | |
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Senior Vice President | |
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Voya Investments, LLC | |
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Agreed and Accepted: |
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(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 |
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