Directed Services LLC May 1, 2015 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
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Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2015
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxx 000
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the investment sub-advisory agreement dated May 7, 2013, between Directed Services LLC and Invesco Advisers, Inc. (“Invesco”) (the “Sub-Advisory Agreement”), the sub-advisory fee for VY® Invesco Xxxxxxxx Portfolio (the “Portfolio”) was reduced on January 1, 2014. On November 18, 2014, Invesco executed a new Sub-Advisory Agreement.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2015 through May 1, 2016. The Reduction is calculated as follows:
Reduction = 50% x (the savings to Directed Services LLC from the January 1, 2014 expense reduction)
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Partners, Inc.
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, | ||
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By: |
/s/ Xxxx Xxxxx | ||
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Xxxx Xxxxx | ||
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Vice President | ||
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Directed Services LLC | ||
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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of the Portfolio) |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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