May 1, 2020 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(1)(iii)
May 1, 2020
Xx. Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Investment Management Agreement, dated May 1, 2017, between Voya Partners, Inc. ("VPI") and Voya Investments, LLC (the "Agreement"), we hereby notify you of our intention to retain you as Manager to render investment advisory services to Voya Index Solution 2065 Portfolio and Voya Solution 2065 Portfolio (together, the "Portfolios"), each a newly established series of VPI, effective on May 1, 2020, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Portfolios to the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual investment management fee rate for the Portfolios, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with respect to the aforementioned Portfolios by signing below where indicated.
|
Very sincerely, |
By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
|
Xxxxxxxx X. Xxxxxxxx |
|
Senior Vice President |
|
Voya Partners, Inc. |
ACCEPTED AND AGREED TO:
Voya Investments, LLC
By: /s/ Xxxx Xxxxx____________________
Name: Xxxx Xxxxx
Title: Senior Vice President, Xxxx Authorized
AMENDED SCHEDULE A
with respect to the
INVESTMENT MANAGEMENT AGREEMENT
between
VOYA PARTNERS, INC.
and
VOYA INVESTMENTS, LLC
|
Series |
Annual Management Fee |
|
|
(as a percentage of average daily net assets) |
|
|
|
|
VY® American Century Small-Mid Cap |
1.100% on the first $250 million of assets; |
|
1.050% on the next $250 million of assets; and | |
|
Value Portfolio | |
|
1.000% thereafter | |
|
| |
|
|
|
|
VY® Baron Growth Portfolio |
0.950% of the first $1 billion of assets; |
|
0.925% on the next $1 billion of assets; and | |
|
|
0.900% thereafter |
|
|
|
|
VY® Columbia Contrarian Core Portfolio |
0.900% on the first $500 million of assets; |
|
0.850% on the next $500 million of assets; and | |
|
|
0.800% thereafter |
|
|
|
|
VY® Columbia Small Cap Value II |
0.850% on all assets |
|
Portfolio | |
|
|
|
|
|
0.600% on the first $4 billion of assets; |
|
Voya Global Bond Portfolio |
0.575% on the next $1 billion of assets; |
|
0.550% on the next $1 billion of assets; and | |
|
|
0.530% thereafter |
|
|
|
|
|
Direct Investments1 |
|
Voya Index Solution 2020 Portfolio |
0.400% on assets |
|
Underlying Funds2 | |
|
| |
|
|
0.200% on assets |
|
|
|
___________________________ |
| |
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-2
Series |
Annual Management Fee | ||
|
(as a percentage of average daily net assets) | ||
|
|
|
|
|
Direct Investments1 | ||
Voya Index Solution 2025 Portfolio |
|
0.400% on assets | |
|
Underlying Funds2 | ||
|
| ||
|
|
0.200% on assets | |
|
|
|
|
|
Direct Investments1 | ||
Voya Index Solution 2030 Portfolio |
|
0.400% on assets | |
|
Underlying Funds2 | ||
|
| ||
|
|
0.200% on assets | |
|
|
|
|
|
Direct Investments1 | ||
Voya Index Solution 2035 Portfolio |
|
0.400% on assets | |
|
Underlying Funds2 | ||
|
| ||
|
|
0.200% on assets | |
|
| ||
|
Direct Investments1 | ||
|
|
0.400% on assets | |
Voya Index Solution 2040 Portfolio |
|
Underlying Funds2 | |
|
|
0.200% on assets |
|
|
| ||
|
Direct Investments1 | ||
|
|
0.400% on assets | |
Voya Index Solution 2045 Portfolio |
|
Underlying Funds2 | |
|
|
0.200% on assets |
|
|
| ||
|
Direct Investments1 | ||
|
|
0.400% on assets | |
Voya Index Solution 2050 Portfolio |
|
Underlying Funds2 | |
|
|
0.200% on assets |
|
|
|
|
|
___________________________
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-3
Series |
Annual Management Fee | |||
|
(as a percentage of average daily net assets) | |||
|
| |||
|
Direct Investments1 | |||
|
|
0.400% on assets | ||
Voya Index Solution 2055 Portfolio |
|
Underlying Funds2 | ||
|
|
0.200% on assets |
| |
|
| |||
|
Direct Investments1 | |||
Voya Index Solution 2060 Portfolio |
|
0.400% on assets | ||
|
Underlying Funds2 | |||
|
| |||
|
|
0.200% on assets | ||
|
| |||
|
Direct Investments1 | |||
Voya Index Solution 2065 Portfolio |
|
0.400% on assets | ||
|
Underlying Funds2 | |||
|
| |||
|
|
0.200% on assets | ||
|
Direct Investments1 | |||
Voya Index Solution Income Portfolio |
|
0.400% on assets | ||
|
Underlying Funds2 | |||
|
| |||
|
|
0.200% on assets | ||
|
|
|
| |
Voya International High Dividend Low |
0.600% on all assets | |||
Volatility Portfolio | ||||
|
|
| ||
|
| |||
VY® Invesco Xxxxxxxx Portfolio |
0.700% on all assets | |||
VY® Invesco Equity and Income |
0.650% on the first $750 million of assets; | |||
0.630% on the next $250 million of assets; and | ||||
Portfolio | ||||
|
0.610% thereafter | |||
|
| |||
|
| |||
VY® Invesco Xxxxxxxxxxx Global |
0.700% on the first $3 billion of assets; | |||
0.680% on the next $1 billion of assets; | ||||
Portfolio |
0.670% on the next 4 billion of assets; and | |||
|
|
0.660% thereafter | ||
|
0.850% on the first $500 million of assets; | |||
VY® JPMorgan Mid Cap Value Portfolio |
0.750% on the next $500 million of assets; and | |||
|
|
0.700% thereafter | ||
|
|
|
| |
___________________________
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-4
Series |
Annual Management Fee | |
|
(as a percentage of average daily net assets) | |
|
| |
|
Direct Investments1 | |
Voya Solution 2020 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2025 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2030 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2035 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2040 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2045 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2050 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
|
___________________________
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-5
Series |
Annual Management Fee | |
|
(as a percentage of average daily net assets) | |
|
| |
|
Direct Investments1 | |
Voya Solution 2055 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2060 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution 2065 Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
Direct Investments1 | |
Voya Solution Aggressive Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution Balanced Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution Conservative Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
| |
|
Direct Investments1 | |
Voya Solution Income Portfolio |
0.400% on assets | |
Underlying Funds2 | ||
| ||
|
0.200% on assets | |
|
|
___________________________
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-6
|
|
Series |
Annual Management Fee |
|
|
|
|
(as a percentage of average daily net assets) |
|
|
|
|
|
|
|
|
|
Direct Investments1 | |
|
Voya Solution Moderately Aggressive |
0.400% |
| |
|
|
| ||
|
Portfolio |
|
Underlying Funds2 |
|
|
|
|
0.200% on assets |
|
|
|
|
|
|
|
|
|
Direct Investments1 | |
|
Voya Solution Moderately Conservative |
0.400% on assets |
| |
|
|
| ||
|
Portfolio |
|
Underlying Funds2 |
|
|
|
|
0.200% on assets |
|
|
|
|
| |
|
VY® X. Xxxx Price Diversified Mid Cap |
0.740% on all assets |
| |
|
Growth Portfolio |
|
| |
|
|
|
| |
|
VY® X. Xxxx Price Growth Equity |
0.700% on all assets |
| |
|
Portfolio |
|
| |
|
|
|
|
|
Last Approved: |
November 21, 2019 |
|
| |
Last Amended: |
Effective May 1, 2020 to reflect the addition of Voya Index Solution 2065 | |||
|
|
Portfolio and Voya Solution 2065 Portfolio. | ||
___________________________
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
A-7
