May 1, 2017 Voya Variable Portfolios, Inc. Suite 100 Scottsdale, Arizona 85258-2034
(d)(1)(iii)
May 1, 2017
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, 2017 through May 1, 2018, 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) | |||||
Adviser Class | Class I | Class S | ||||
Xxxx Xxxxxxx™ Large Cap Growth Index Portfolio |
0.93% | 0.43% | 0.68% | |||
Xxxx Xxxxxxx™ Large Cap Value Index Portfolio |
0.93% | 0.43% | 0.68% |
We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2017 through May 1, 2018. 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
INVESTMENT MANAGEMENT
xxxxxxxxxxxxxxx.xxx |
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May 1, 2017
Page 2
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely, | ||
By: | /s/ Xxxx Xxxxx | |
Xxxx Xxxxx | ||
Senior Vice President | ||
Voya Investments, LLC |
Agreed and Accepted:
Voya Variable Portfolios, Inc.
(on behalf of the Portfolios)
By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
Xxxxxxxx X. Xxxxxxxx | ||
Senior Vice President |
INVESTMENT MANAGEMENT
xxxxxxxxxxxxxxx.xxx |
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