May 1, 2016 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(2)(i)
May 1, 2016
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Voya Investments, LLC (“Voya Investments”) and Voya Investment Management Co. LLC (“Voya IM”) are parties to a Sub-Advisory Agreement dated November 18, 2014 (the “Agreement”), and pursuant to the Agreement, Voya Investments has agreed to pay Voya IM an annual sub-advisory fee of 0.2700% as a percentage of average daily net assets of Voya Australia Index Portfolio, Voya Euro STOXX 50® Index Portfolio, Voya FTSE 100 Index® Portfolio, and Voya Japan TOPIX Index® Portfolio, each a series of Voya Variable Portfolios, Inc. (each a “Portfolio” and collectively, the “Portfolios”). By this letter dated May 1, 2016, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
Voya IM will waive a portion of the sub-advisory fee payable by Voya Investments from May 1, 2016 through May 1, 2017 for each Portfolio, as indicated in the schedule set out below.
|
Annual Sub-Advisory Fee | ||||||
| Series |
Gross |
Waiver |
Net | |||
| Voya Australia Index Portfolio |
0.2700% | 0.1125% | 0.1575% | |||
| Voya Emerging Markets Index Portfolio |
0.2475% | 0.0675% | 0.1800% | |||
| Voya Euro STOXX 50® Index Portfolio |
0.2700% | 0.1125% | 0.1575% | |||
| Voya FTSE 100 Index® Portfolio |
0.2700% | 0.1125% | 0.1575% | |||
| Voya Japan TOPIX Index® Portfolio |
0.2700% | 0.1125% | 0.1575% | |||
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.
May 1, 2016
Page 2 of 2
Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
| Very sincerely, | ||
| By: | /s/ Xxxxxxxxxxx Xxxxx | |
| Xxxxxxxxxxx Xxxxx | ||
| Vice President, Finance | ||
| Voya Investment Management Co. LLC | ||
| ACCEPTED AND AGREED TO: | ||
| Voya Investments, LLC | ||
| By: |
/s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
