Directed Services LLC] May 1, 2014
(d)(1)(viii)
[Directed Services LLC]
May 1, 2014
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Voya Investors Trust |
Voya Partners, Inc. |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Suite 000 |
Xxxxx 000 |
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Scottsdale, AZ 85258 |
Scottsdale, AZ 85258 |
Ladies and Gentlemen:
Pursuant to the Portfolio Management Agreement dated October 24, 1997 and amended and restated January 21 2011, as amended, among Voya Investors Trust, Directed Services LLC, and X. Xxxx Price Associates, Inc. (“X. Xxxx Price”) on behalf of XX X. Xxxx Price Equity Income Portfolio (“TRP Equity Income Portfolio”), a series of Voya Investors Trust, and pursuant to the Investment Subadvisory Agreement dated December 14, 2000, as amended, between Directed Services LLC and X. Xxxx Price Associates, Inc., on behalf of XX X. Xxxx Price Growth Equity Portfolio, a series of Voya Partners, Inc. (“TRP Growth Equity Portfolio,” and together with TRP Equity Income Portfolio, the “Portfolios”), the sub-advisory fee rates for the Portfolios were reduced on June 1, 2010, and the sub-advisory fee rate for TRP Equity Income Portfolio was further reduced on May 1, 2011. On May 1, 2014, X. Xxxx Xxxxx executed an amended and restated Portfolio Management Agreement with respect to TRP Equity Income Portfolio and an amended and restated Investment Subadvisory Agreement with respect to TRP Growth Equity Portfolio.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolios with a corresponding reduction (the “Reduction”) for the period from May 1, 2014 through May 1, 2015. The Reduction shall be calculated as follows:
Reduction = 50% x (total aggregated savings in excess of $500,000 as a result of the sub-advisory fee schedule effective June 1, 2010 with respect to TRP Equity Income Portfolio and TRP Growth Equity Portfolio and effective May 1, 2011 with respect to TRP Equity Income Portfolio pro rata based on each Portfolio’s contribution to the amount saved)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Boards of Trustees/Directors of the Registrants.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, | |
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/s/ Xxxx Xxxxx | |
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Xxxx Xxxxx | |
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Vice President | |
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Directed Services LLC | |
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Agreed and Accepted: |
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Voya Investors Trust |
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(on behalf of XX X. Xxxx Price Equity Income Portfolio) |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Xxxxxxx X. Xxxxxx |
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Executive Vice President |
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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of XX X. Xxxx Price Growth Equity Portfolio) |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Xxxxxxx X. Xxxxxx |
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Executive Vice President |
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