Exhibit (d)(2)(i)
Exhibit (d)(2)(i)
May 1, 2020
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 0.2700% as a percentage of average daily net assets of Voya Euro STOXX 50® Index Portfolio, Voya FTSE 100 Index® Portfolio, and Voya Japan TOPIX Index® Portfolio and an annual sub-advisory fee of 0.2475% as a percentage of average daily net assets of Voya Emerging Markets Index Portfolio, each a series of Voya Variable Portfolios, Inc. (each, a "Portfolio"). By this letter dated May 1, 2020, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
Voya IM will waive a portion of the sub-advisory fee payable by Voya Investments from May 1, 2020 through May 1, 2021 for each Portfolio, as indicated in the schedule set out below.
|
Annual Sub-Advisory Fee | ||
Series |
Gross |
Waiver |
Net |
Voya Emerging Markets Index Portfolio |
0.2475% |
0.0675% |
0.1800% |
Voya Euro STOXX 50® Index Portfolio |
0.2700% |
0.1125% |
0.1575% |
Voya FTSE 100 Index® Portfolio |
0.2700% |
0.1125% |
0.1575% |
Voya Japan TOPIX Index® Portfolio |
0.2700% |
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.
Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
May 1, 2020
Page 2
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
