Directed Services LLC
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
Exhibit (h)(8)(E)(iii)
May 1, 2013
ING Investors Trust
0000 Xxxx Xxxxxxxxxx Xxxxx
Xxxx
Xxxxx 000 Xxxxxxxxxx, XX 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”) to the Expense Limitation Agreement dated September 15, 2008, as amended, intending to be legally bound hereby, Directed Services LLC (“DSL”), the Adviser to ING American Funds World Allocation Portfolio (the “Portfolio”), agrees that DSL shall, from May 1, 2013 through May 1, 2014, 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 ratio of the Portfolio, including expenses of the underlying investment companies, shall be as follows:
Name of Fund |
Operating Expense Limit
|
ING American Funds World Allocation Portfolio | 1.21% |
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.
Sincerely,
/s/ Xxxx Xxxxx
Xxxx Xxxxx
Vice President
Directed Services LLC