Exhibit (d)(1)(ii) May 1, 2022 Voya Variable Portfolios, Inc.
Exhibit (d)(1)(ii)
May 1, 2022
Voya Variable Portfolios, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 85258-2034
Re: Management Fee Waiver
Ladies and Gentlemen:
By execution of this letter agreement, intending to be legally bound hereby, Voya Investments, LLC ("VIL"), the adviser to Xxxx Xxxxxxx™ Large Cap Growth Index Portfolio and Xxxx Xxxxxxx™ Large Cap Value Index Portfolio (together, the "Portfolios"), agrees that, from May 1, 2022 through May 1, 2023, VIL shall waive all or a portion of its management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios, excluding acquired fund fees and expenses, of the Portfolios shall be as follows:
Name of Fund |
Maximum Operating Expense Ratios | ||
|
(as a percentage of average net assets) | ||
|
|
Share Classes |
|
|
Adviser |
I |
S |
Xxxx Xxxxxxx™ Large Cap Growth Index |
0.93% |
0.43% |
0.68% |
Portfolio |
|
|
|
Xxxx Xxxxxxx™ Large Cap Value Index |
0.93% |
0.43% |
0.68% |
Portfolio |
|
|
|
We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2022 through May 1, 2023. VIL acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
May 1, 2022
Page 2
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 Variable Portfolios, Inc. (on behalf of the Portfolios)
By: /s/Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
