Contract

(d)(11)(ii)

FORM OF

November 18, 2022

Xxx Xxx Securities Corporation

000 Xxxxx Xxxxxx

New York, NY 10017

Attention: Xxxxxxx X. Xxxxxxxxx, Managing Director

Dear Xx. Xxxxxxxxx:

Pursuant to the Sub-Advisory Agreement, dated August 24, 2015, between Voya Investments, LLC and Xxx Xxx Associates Corporation (the "Agreement"), we hereby notify you of our intention retain you as Sub-Adviser to render investment advisory services to Voya VACS Series EME Fund (the "Fund"), a newly established series of Voya Mutual Funds, effective on November 18, 2022, 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 Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual sub-advisory fee rate for the Fund, is attached hereto.

Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the aforementioned Fund by signing below where indicated.

Very sincerely,

By: _________________________

Name: Xxxx Xxxxx

Title: Senior Vice President

Voya Investments, LLC

ACCEPTED AND AGREED TO:

Xxx Xxx Associates Corporation

By: _________________________

Name: _________________________

Title: _________________________, Duly Authorized

AMENDED SCHEDULE A

with respect to the

SUB-ADVISORY AGREEMENT

between

VOYA INVESTMENTS, LLC

and

XXX XXX ASSOCIATES CORPORATION

	Annual Sub-Advisory Fee1
	(as a percentage of average daily
Series	assets allocated to the Sub-Adviser)
Voya Multi-Manager Emerging Markets	[REDACTED]
Equity Fund
Voya VACS Series EME Fund	[REDACTED]

Effective date: November 18, 2022, to reflect the addition of Voya VACS Series EME Fund.

1For purposes of calculating the fees under this Agreement, the assets of Voya Multi-Manager Emerging Markets Equity Fund shall be aggregated with the assets of Voya VACS Series EME Fund.