November 5, 2019 Voya Equity Trust
November 5, 2019
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated November 5, 2019, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015 (the “Agreement”), between Voya Investments, LLC (“VIL”) and Voya Equity Trust (“VET”), with respect to Voya Small Company Fund II (to be renamed Voya Small Company Fund) (the “Fund”), a series of VET. By this letter, we agree to waive that fee for the period from November 5, 2019 through October 1, 2021.
We will waive 0.020% of the management fee payable to us for the Fund, as reflected in the schedule set forth below.
Series |
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Management Fee Waiver |
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Voya Small Company Fund II (to be renamed Voya Small Company Fund) |
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0.020 |
% |
VIL acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of VET.
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Please indicate your agreement to this reduction in fee by executing below in the place indicated.
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Very sincerely, | |
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By: |
/s/ Xxxx Xxxxx | |
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Xxxx Xxxxx | |
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Senior Vice President | |
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Voya Investments, LLC | |
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Agreed and Accepted: |
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(on behalf of the Funds) |
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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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