May 1, 2015 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(2)(i)
May 1, 2015
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 0.27% as a percentage of average daily net assets of Voya Australia Index Portfolio (the “Portfolio”). By this letter dated May 1, 2015, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
Voya IM will waive 0.1125% of the sub-advisory fee payable by Voya Investments for a period from May 1, 2015 through and including May 1, 2016 for the Portfolio, as indicated in the net sub-advisory fee rate reflected in the schedule set out below.
Annual Sub-Advisory Fee | ||||||
Series | Gross | Waiver | Net | |||
Voya Australia Index Portfolio |
0.27% | 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.
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May 1, 2015
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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 |