February 28, 2023 (d)(14)(iv)
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February 28, 2023 |
(d)(14)(iv) |
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0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitation
Ladies and Gentlemen:
By execution of this letter agreement to the Expense Limitation Agreement ("ELA") between Voya Investments, LLC ("VIL") and Voya Mutual Funds ("VMF"), on behalf of Voya Multi-Manager International Small Cap Fund (the "Fund"), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from February 28, 2023 through March 1, 2024, VIL shall 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 Class R6 shares of the Fund shall be as follows:
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Name of Fund |
Maximum Operating Expense Limit |
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(as a percentage of average net assets) |
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Share Class |
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R6 |
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Voya Multi-Manager |
1.20% |
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International Small Cap Fund |
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We are willing to be bound by this letter agreement to lower our fee for the period from February 28, 2023 through March 1, 2024. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply. VIL acknowledges that (1)it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future. This letter agreement shall terminate upon termination of the ELA.
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February 28, 2023
Page 2
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of VMF.
Very sincerely,
By: /s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: Senior Vice President Voya Investments, LLC
ACCEPTED AND AGREED TO: Voya Mutual Funds
By: /s/ Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
