May 1, 2016 Voya Investors Trust Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(C)(i)
May 1, 2016
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated January 3, 2006 (the “Agreement”) between Voya Investments, LLC and ING Clarion Real Estate Securities L.P. (“Clarion”), as amended, the sub-advisory fee for VY® Clarion Global Real Estate Portfolio (the “Portfolio”) was reduced on May 1, 2009. On November 18, 2014, CBRE Clarion Securities LLC, the successor to Xxxxxxx, 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 (the “Reduction”) for the period from May 1, 2016 through May 1, 2017. The Reduction shall be calculated as follows:
Reduction = 50% x (the sub-advisory fee rate for the Portfolio prior to May 1, 2009 — the sub-advisory fee rate for the Portfolio after May 1, 2009)
The Reduction shall be limited to an annual maximum of 50% of the savings to Voya Investments, LLC based on the level of assets of the Portfolio on May 1, 2009.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
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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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