By this letter dated January 1, 2020, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated May 1, 2017, between Voya Investments, LLC and Voya Investors Trust (the “Agreement”), with...
January 1, 2020
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated January 1, 2020, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated May 1, 2017, between Voya Investments, LLC and Voya Investors Trust (the “Agreement”), with respect to VY® Clarion Real Estate Portfolio (the “Portfolio”), a series of Voya Investors Trust, indicated in the table below. By this letter, we agree to waive that fee for the period from January 1, 2020 through May 1, 2021.
This waiver (the “Waiver”) is “outside” the Portfolio’s expense limit arrangements under a separate expense limitation agreement (the “ELA”). This means that the Waiver does not reduce the Portfolio’s net operating expense ratio before the ELA is applied. The waiver is deducted after the ELA is applied. However, with respect to any share class of the Portfolio that has a 0.00% expense limit, the Waiver cannot further reduce the 0.00% net expense ratio experienced by shareholders with respect to that share class.
Voya Investments, LLC acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
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Waiver |
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VY® Clarion Real Estate Portfolio |
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0.067 |
% |
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of Voya Investors Trust.
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Please indicate your agreement to this reduction in fee 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 |
Agreed and Accepted:
(on behalf of the Portfolio)
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By: |
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/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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