May 1, 2018 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
May 1, 2018
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the sub-advisory agreement, dated June 7, 2011, as amended, between Directed Services LLC (“DSL”)(1), and Voya Investment Management Co. LLC (“VIM”) (the “Sub-Advisory Agreement”), the sub-advisory fee for Voya Global Bond Portfolio (the “Portfolio”) was reduced on January 21, 2011, in connection with the sub-adviser change to VIM. On May 1, 2017, a new Sub-Advisory Agreement was executed between VIM and Voya Investments, LLC (“VIL”).
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2018 through May 1, 2019. The Reduction shall be calculated as follows:
Reduction = 50% x (the sub-advisory fee rate for the Portfolio prior to January 21, 2011 — the sub-advisory fee rate for the Portfolio after January 21, 2011)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Directors of Voya Partners, Inc.
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
(1) Effective May 1, 2017, XXX replaced DSL as the investment manager to the Portfolio.
Please indicate your agreement to this Reduction by executing below in the place indicated.
|
|
Very sincerely, | |
|
|
|
|
|
|
By: |
/s/ Xxxx Xxxxx |
|
|
|
Xxxx Xxxxx |
|
|
|
Vice President |
|
|
|
Voya Investments, LLC |
|
Agreed and Accepted: |
| |
|
Voya Partners, Inc. |
| |
|
(on behalf of the Portfolio) |
| |
|
|
| |
|
By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
|
|
|
Xxxxxxxx X. Xxxxxxxx |
|
|
|
Senior Vice President |
|
