November 5, 2019 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
November 5, 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 November 18, 2014, as amended and restated on May 1, 2015, as amended, between Voya Equity Trust (“VET”) and Voya Investments, LLC (the “Agreement”), we hereby notify you of our intention to retain you as Manager to render investment advisory services to Voya Corporate Leaders® 100 Fund II (to be renamed Voya Corporate Leaders® 100 Fund), Voya Global Multi-Asset Fund II (to be renamed Voya Global Multi-Asset Fund), Voya Mid Cap Research Enhanced Index Fund II (to be renamed Voya Mid Cap Research Enhanced Index Fund), and Voya Small Company Fund II (to be renamed Voya Small Company Fund) (collectively, the “Funds”), each a newly established series of VET, effective on November 5, 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 adding the Funds to the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual investment management fee rate for the Funds, is attached hereto.
Please signify your acceptance to act as Manager to the aforementioned Funds under the Agreement with respect to the Funds by signing below where indicated.
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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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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
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
and
VOYA INVESTMENTS, LLC
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Annual Management Fee |
Voya Corporate Leaders® 100 Fund II |
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0.500% on first $500 million of assets; 0.400% thereafter |
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Voya Global Multi-Asset Fund II |
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Direct Investments(1) Other Investments(2) Underlying Funds(3) |
(1) “Direct Investments” shall include direct interests in companies other than investment companies (e.g. stocks), securities evidencing indebtedness (e.g. bonds) that do not derive their value from another security or asset, and instruments whose value is backed by an asset.
(2) “Other Investments” shall mean assets which are not Direct Investments or Underlying Funds.
(3) “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 as of the date of this contract.
Series |
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Annual Management Fee |
Voya Large Cap Value Fund |
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0.750% on the first $1 billion of assets; |
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Voya MidCap Opportunities Fund |
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0.850% on the first $500 million of assets; |
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Voya Mid Cap Research Enhanced Index Fund II (to be renamed |
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0.550% on first $500 million of assets; |
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Voya Multi-Manager Mid Cap Value Fund |
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0.800% on all assets |
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Voya Real Estate Fund |
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0.800% on all assets |
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Voya Small Company Fund II |
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0.950% on first $250 million of assets; |
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Voya SmallCap Opportunities Fund |
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1.000% on the first $250 million of assets; |
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Xxxx XXXX Cap Growth Fund |
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0.850% on all assets |
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Voya U.S. High Dividend Low Volatility Fund |
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0.450% on all assets |
Effective Date: November 5, 2019, to reflect the addition of Voya Corporate Leaders® 100 Fund II (to be renamed Voya Corporate Leaders® 100 Fund), Voya Global Multi-Asset Fund II (to be renamed Voya Global Multi-Asset Fund), Voya Mid Cap Research Enhanced Index Fund II (to be renamed Voya Mid Cap Research Enhanced Index Fund), and Voya Small Company Fund II (to be renamed Voya Small Company Fund).