Directed Services LLC May 1, 2016 Voya Partners, Inc. 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
(d)(17)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2016
Voya Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement to the Expense Limitation Agreement (“ELA”) between Directed Services, LLC (“DSL”) and Voya Partners, Inc. (“VPI”), on behalf of VY® Xxxxxxxxx Foreign Equity Portfolio (the “Portfolio”), intending to be legally bound hereby, DSL, the adviser to the Portfolio, agrees that, from May 1, 2016 through May 1, 2017, DSL 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 Portfolio shall be as follows:
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Maximum Operating Expense Ratios |
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Name of Portfolio |
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Adviser Class |
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Initial Class |
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Class R6 |
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Service Class |
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Service 2 Class |
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VY® Xxxxxxxxx Foreign Equity Portfolio |
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1.42 |
% |
0.92 |
% |
0.92 |
% |
1.17 |
% |
1.32 |
% |
We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2016 through May 1, 2017. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply. DSL 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.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of VPI.
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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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Accepted: |
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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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Voya Partners, Inc. |
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