February 4, 2014
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Exhibit 99.(d)(1)(A)(i)
February 4, 2014
Xx. Xxxx Xxxxx
Directed Services LLC
0000 Xxxxxxxx Xxxxx
West Chester, PA 19380
Dear Xx. Xxxxx:
Pursuant to the Investment Management Agreement, dated May 7, 2013, as amended, between ING Investors Trust and Directed Services LLC (the “Agreement”), we hereby notify you of our intention to modify the breakpoints to the annual investment management fee for ING High Yield Portfolio (formerly ING PIMCO High Yield Portfolio, the “Portfolio”), effective as of the close of business on February 4, 2014.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule B of the Agreement. The Amended Schedule B, which indicates the additional breakpoints to the annual investment management fee for the Portfolio, is attached hereto.
Schedule A (the “Amended Schedule A”) of the Agreement and the Amended Schedule B have also been updated: 1) to reflect the name change for the Portfolio noted above and the name change of ING PIMCO Total Return Bond Portfolio to ING Total Return Bond Portfolio; and 2) to reflect the removal of ING Pioneer Mid Cap Value Portfolio, because this series recently merged away.
Please signify your acceptance to the modified breakpoints to the annual investment management fee for the aforementioned Portfolio by signing below.
| Very sincerely, |
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By: | /s/ Xxxxxxxx X. Xxxxxxxx |
| Xxxxxxxx X. Xxxxxxxx |
| Senior Vice President |
| ING Investors Trust |
ACCEPTED AND AGREED TO:
Directed Services LLC
By: | /s/ Xxxx Xxxxx |
Name: | Xxxx Xxxxx |
Title: | Vice President, Duly Authorized |
0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 | Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx | ING Investors Trust |
AMENDED SCHEDULE A
The Series of ING Investors Trust, as described in the attached Management Agreement, to which Directed Services LLC shall act as Manager, are as follows:
Series
ING BlackRock Health Sciences Opportunities Portfolio
ING BlackRock Large Cap Growth Portfolio
ING FMRSM Diversified Mid Cap Portfolio
ING Franklin Mutual Shares Portfolio
ING Global Resources Portfolio
ING High Yield Portfolio (formerly ING PIMCO High Yield Portfolio)
ING Invesco Growth and Income Portfolio (formerly ING Invesco Xxx Xxxxxx Growth and Income Portfolio)
ING JPMorgan Emerging Markets Equity Portfolio
ING JPMorgan Small Cap Core Equity Portfolio
ING Limited Maturity Bond Portfolio
ING Liquid Assets Portfolio
ING Xxxxxxx Growth Portfolio
ING MFS Total Return Portfolio
ING Xxxxxx Xxxxxxx Global Franchise Portfolio
ING Multi-Manager Large Cap Core Portfolio (formerly ING Pioneer Fund Portfolio)
ING X. Xxxx Price Capital Appreciation Portfolio
ING X. Xxxx Price Equity Income Portfolio
ING Xxxxxxxxx Global Growth Portfolio
ING Total Return Bond Portfolio (formerly ING PIMCO Total Return Bond Portfolio)
ING U.S. Stock Index Portfolio
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AMENDED SCHEDULE B
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Directed Services LLC (the “Manager”) to the following Series of the ING Investors Trust (the “Trust”), pursuant to the attached Investment Management Agreement, the Trust will pay the Manager a fee, payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of that Series.
Series | Effective Date | Annual Investment Management Fee (as a percentage of average daily net assets) |
ING BlackRock Health Sciences Opportunities Portfolio | May 7, 2013 | 0.750% on the first $500 million 0.700% on assets in excess of $500 million |
ING BlackRock Large Cap Growth Portfolio | May 7, 2013 | 0.800% on first $500 million 0.750% on next $250 million 0.700% on next $500 million 0.650% on next $750 million 0.600% on assets in excess of $2 billion |
ING Global Resources Portfolio1 ING X. Xxxx Price Capital Appreciation Portfolio1 ING X. Xxxx Price Equity Income Portfolio1 ING Invesco Growth and Income Portfolio1 (formerly ING Invesco Xxx Xxxxxx Growth and Income Portfolio) | May 7, 2013 | 0.750% first $750 million in combined assets of these Series 0.700% next $1.25 billion 0.650% next $1.5 billion 0.600% on assets in excess of $3.5 billion |
ING FMRSM Diversified Mid Cap Portfolio | May 7, 2013 | 0.650% on first $800 million in assets 0.600% on the next $700 million in assets 0.58% on assets in excess of $1.5 billion |
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1 For purposes of calculating fees under this Agreement, the assets for ING Global Resources Portfolio, ING X. Xxxx Price Capital Appreciation Portfolio, ING X. Xxxx Price Equity Income Portfolio, and ING Invesco Growth and Income Portfolio shall be aggregated with the assets of the ING Clarion Real Estate Portfolio, a series of ING Investors Trust, which is not a party to this Agreement. The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.
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Series | Effective Date | Annual Investment Management Fee (as a percentage of average daily net assets) |
ING Franklin Mutual Shares Portfolio | May 7, 2013 | 0.780% on first $4 billion 0.750% on next $1 billion 0.730% on next $1 billion 0.710% on next $1 billion 0.690% on assets thereafter |
ING High Yield Portfolio (formerly ING PIMCO High Yield Portfolio) | Close of Business on February 4, 2014 | 0.490% on first $1 billion 0.480% on next $1 billion 0.470% on assets in excess of $2 billion |
ING JPMorgan Emerging Markets Equity Portfolio | May 7, 2013 | 1.250% |
ING JPMorgan Small Cap Core Equity Portfolio | May 7, 2013 | 0.900% on first $200 million 0.850% on next $300 million 0.800% on next $250 million 0.750% on assets in excess of $750 million |
ING Limited Maturity Bond Portfolio2 and ING Liquid Assets Portfolio2 | May 7, 2013 | 0.350% on first $200 million in combined assets of these Series 0.300% on next $300 million 0.250% on assets in excess of $500 million |
ING Xxxxxxx Growth Portfolio | May 7, 2013 | 0.850% on first $250 million 0.800% on next $400 million 0.750% on next $450 million 0.700% on assets in excess of $1.1 billion |
ING MFS Total Return Portfolio | May 7, 2013 | 0.750% on first $250 million 0.700% on next $400 million 0.650% on next $450 million 0.600% on assets in excess of $1.1 billion |
ING Xxxxxx Xxxxxxx Global Franchise Portfolio | May 7, 2013 | 1.000% first $250 million 0.900% next $250 million 0.750% on assets in excess of $500 million |
ING Multi-Manager Large Cap Core Portfolio (formerly ING Pioneer Fund Portfolio) | May 7, 2013 | 0.725% on first $500 million 0.675% on next $500 million 0.625% on assets in excess of $1 billion |
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2 For purposes of calculating the fees under this Agreement, the assets of ING Limited Maturity Bond Portfolio and ING Liquid Assets Portfolio shall be aggregated. The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.
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Series | Effective Date | Annual Investment Management Fee (as a percentage of average daily net assets) |
ING Xxxxxxxxx Global Growth Portfolio | May 7, 2013 | 0.960% on first $250 million 0.860% on next $250 million 0.760% on assets in excess of $500 million |
ING Total Return Bond Portfolio (formerly ING PIMCO Total Return Bond Portfolio) | May 7, 2013 | 0.750% on first $100 million 0.650% on next $100 million 0.550% on assets in excess of $200 million |
ING U.S. Stock Index Portfolio | May 7, 2013 | 0.260% |
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