May 1, 2019 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(1)(ii)
May 1, 2019
Xx. Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Investment Management Agreement, dated May 1, 2017, between Voya Partners, Inc. (“VPI”) and Voya Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the annual investment management fee rate for Voya International High Dividend Low Volatility Portfolio (formerly, VY® Xxxxxxxxx Foreign Equity Portfolio, the “Portfolio”), a series of VPI, effective on May 1, 2019, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule A of the Agreement. The Amended Schedule A, which indicates the modified annual investment management fee rate for the Portfolio, is attached hereto.
Please signify your acceptance to the modified annual investment management fee rate for the aforementioned Portfolio by signing below.
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Very sincerely, | |
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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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ACCEPTED AND AGREED TO: |
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Voya Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Name: |
Xxxx Xxxxx |
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Title: |
Senior Vice President, Xxxx Authorized |
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AMENDED SCHEDULE A
with respect to the
INVESTMENT MANAGEMENT AGREEMENT
between
VOYA PARTNERS, INC.
and
VOYA INVESTMENTS, LLC
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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VY® American Century Small-Mid Cap Value Portfolio |
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1.100% on the first $250 million of assets; 1.050% on the next $250 million of assets; and 1.000% thereafter |
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VY® Baron Growth Portfolio |
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0.950% of the first $1 billion of assets; 0.925% on the next $1 billion of assets; and 0.900% thereafter |
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VY® Columbia Contrarian Core Portfolio |
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0.900% on the first $500 million of assets; 0.850% on the next $500 million of assets; and 0.800% thereafter |
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VY® Columbia Small Cap Value II Portfolio |
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0.850% on all assets |
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Voya Global Bond Portfolio |
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0.600% on the first $4 billion of assets; 0.575% on the next $1 billion of assets; 0.550% on the next $1 billion of assets; and 0.530% thereafter |
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Voya Index Solution 2020 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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Voya Index Solution 2025 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2030 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2035 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2040 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2045 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2050 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution 2055 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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Voya Index Solution 2060 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Index Solution Income Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya International High Dividend Low Volatility Portfolio (formerly, VY® Xxxxxxxxx Foreign Equity Portfolio) |
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0.600% on all assets |
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VY® Invesco Xxxxxxxx Portfolio |
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0.700% on all assets |
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VY® Invesco Equity and Income Portfolio |
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0.650% on the first $750 million of assets; 0.630% on the next $250 million of assets; and 0.610% thereafter |
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VY® JPMorgan Mid Cap Value Portfolio |
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0.850% on the first $500 million of assets; 0.750% on the next $500 million of assets; and 0.700% thereafter |
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VY® Xxxxxxxxxxx Global Portfolio |
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0.700% on the first $3 billion of assets; 0.680% on the next $1 billion of assets; 0.670% on the next 4 billion of assets; and 0.660% thereafter |
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VY® Pioneer High Yield Portfolio |
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0.700% on the first $2 billion of assets; 0.600% on the next $1 billion of assets; 0.500% on the next $1 billion of assets; and 0.400% thereafter |
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Voya Solution 2020 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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Voya Solution 2025 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2030 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2035 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2040 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2045 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2050 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution 2055 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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Voya Solution 2060 Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution Aggressive Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution Balanced Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution Conservative Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution Income Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
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Voya Solution Moderately Aggressive Portfolio |
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Direct Investments(1) 0.400%
Underlying Funds(2) 0.200% on assets |
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Voya Solution Moderately Conservative Portfolio |
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Direct Investments(1) 0.400% on assets
Underlying Funds(2) 0.200% on assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
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Series |
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Annual Management Fee |
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(as a percentage of average daily net assets) |
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VY® X. Xxxx Price Diversified Mid Cap Growth Portfolio |
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0.740% on all assets |
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VY® X. Xxxx Price Growth Equity Portfolio |
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0.700% on all assets |
(1) “Direct Investments” shall mean assets which are not Underlying Funds.
(2) “Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase “family of funds” shall have the same meaning as “fund complex” as defined in Item 17 of Form N-1A, as it was in effect on May 1, 2017.
