Directed Services LLC
Exhibit 99.(h)(8)(B)(iii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2014
Voya Investors Trust Xxxxxxxxxx, XX 00000-0000 |
|
Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”) to the Expense Limitation Agreement, dated May 7, 2013, as amended, intending to be legally bound hereby, Directed Services LLC (“DSL”), the Adviser to Voya Large Cap Value Portfolio (the “Portfolio”), agrees that DSL shall, from May 1, 2014 through May 1, 2016, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Portfolio, shall be as follows:
Name of Portfolio | Maximum Operating Expense Limit (as a percentage of average net assets) | |||
| Classes | |||
| Adviser | Institutional | Service | Service 2 |
Voya Large Cap Value Portfolio | 1.25% | 0.65% | 0.90% | 1.05% |
DSL acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of Voya Investors Trust.
Sincerely,
By:
/s/ Xxxx Modic______
Xxxx Xxxxx
Vice President
Directed Services LLC
