August 1, 2023 (d)(3)(iii)
August 1, 2023 |
(d)(3)(iii) |
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0000 X. Xxxxxxxxxx Xxxxx Xxxx |
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Suite 100 |
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Scottsdale, AZ 85258-2034 |
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Re: Expense Limitations |
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Ladies and Gentlemen: |
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By execution of this letter agreement to the Expense Limitation Agreement ("ELA") between Voya Investments, LLC ("VIL") and Voya Funds Trust ("VFT"), on behalf of Voya Floating Rate Fund (the "Fund"), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from August 1, 2023 through August 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 ratios of the Fund shall be as follows:
Name of Fund |
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Maximum Operating Expense Limit |
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(as a percentage of average net assets) |
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Share Classes |
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A |
C |
I |
R |
W |
Voya Floating Rate Fund |
0.95% |
1.70% |
0.70% |
1.20% |
0.70% |
We are willing to be bound by this letter agreement to lower our fees for the period from August 1, 2023 through August 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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August 1, 2023
Page 2
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of VFT.
Very sincerely,
By: /s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: Senior Vice President
Voya Investments, LLC
ACCEPTED AND AGREED TO:
By: /s/ Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized