January 1, 2020 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(1)(i)
January 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 November 18, 2014, as amended and restated on May 1, 2015, between Voya Fund Trust ("VFT") and Voya Investments, LLC (the "Agreement"), we hereby notify you of our intention to modify the breakpoints to the annual management fee rate for Voya GNMA Income Fund (the "Fund"), a series of VFT, effective on January 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 amending the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the modified annual management fee rate for the Fund, is attached hereto.
Please signify your acceptance to the modified breakpoints to the annual management fee for the aforementioned Fund by signing below where indicated.
Very sincerely,
By: _/s/ Xxxxxxxx X. Xxxxxxxx__________
Xxxxxxxx X. Xxxxxxxx
Senior Vice President
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
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
and
VOYA INVESTMENTS, LLC
Series |
Annual Management Fee |
(as a percentage of average daily net assets) |
0.45% on first $1 billion of assets;
Voya GNMA Income Fund0.43% on next $500 million of assets; and 0.41% thereafter
Effective Date: January 1, 2020 to modify the annual management fee rate for Voya GNMA Income Fund, in response to the November 2019 annual 15(c) contract renewal process.
