May 1, 2017 Voya Government Money Market Portfolio Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(i)
May 1, 2017
Voya Government Money Market Portfolio
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 1, 2017, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015, between Voya Investments, LLC and Voya Government Money Market Portfolio (the “Agreement”), with respect to Voya Government Money Market Portfolio (the “Portfolio”), a series of Voya Government Money Market Portfolio. By this letter, we agree to waive that fee for the period from May 1, 2017 through May 1, 2018.
We will waive 0.045% on the first $5 billion of assets and 0.070% on assets in excess of $5 billion of the management fee payable to us for the Portfolio, as reflected in the schedule set forth below.
| Series |
Management Fee Waiver (as a percentage of average daily net assets) | |
| 0.045% on first $5 billion; 0.070% on assets in excess of $5 billion | ||
Voya Investments, LLC acknowledges that any fees waived 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 Government Money Market Portfolio.
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INVESTMENT MANAGEMENT
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May 1, 2017
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Please indicate your agreement to this reduction in fee by executing below in the place indicated.
| Very sincerely, | ||
| By: | /s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
| Voya Investments, LLC | ||
Agreed and Accepted:
Voya Government Money Market Portfolio
(on behalf of the Portfolio)
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President |
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INVESTMENT MANAGEMENT
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