Contract
(d)(1)(iii)
January 1, 2023
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated January 1, 2023, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated May 1, 2017, between Voya Investments, LLC ("VIL") and Voya Partners, Inc. ("VPI") (the "Agreement"), with respect to VY® X. Xxxx Price Growth Equity Portfolio (the "Portfolio"), a series of VPI, indicated in the table below. By this letter, we agree to waive that fee for the period from January 1, 2023 through May 1, 2024.
This waiver (the "Waiver") is "outside" the Portfolio's expense limit arrangements under a separate expense limitation agreement (the "ELA"). This means that the Waiver does not reduce the Portfolio's net operating expense ratio before the ELA is applied. The waiver is deducted after the ELA is applied. However, with respect to any share class of the Portfolio that has a 0.00% expense limit, the Waiver cannot further reduce the 0.00% net expense ratio experienced by shareholders with respect to that share class.
VIL acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
|
Series |
Waiver |
|
|
(as a percentage of |
|
|
average daily net assets) |
|
VY® X. Xxxx Price Growth Equity Portfolio |
0.039% |
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January 1, 2023
Page 2
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of VPI.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely,
By: /s/ Xxxx Xxxxx_____________
Name: Xxxx Xxxxx
Title: Senior Vice President
Voya Investments, LLC
ACCEPTED AND AGREED TO: Voya Partners, Inc.
(on behalf of the Portfolios)
By: /s/ Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
