Exhibit (d)(6)(iii)

Exhibit (d)(6)(iii)

January 1, 2020

Voya Equity Trust

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, AZ 85258-2034

Re: Expense Limitations

Ladies and Gentlemen:

By execution of this letter agreement to the Expense Limitation Agreement ("ELA") between Voya Investments, LLC ("VIL") and Voya Equity Trust ("VET"), on behalf of Voya SmallCap Opportunities Fund (the "Fund"), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from January 1, 2020 through October 1, 2021, VIL shall waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:

			Maximum Operating Expense Limit
Name of Fund			(as a percentage of average net assets)
	Class	Class	Class	Class	Class	Class	Class	Class
	A	C	I	P3	R	R6	T	W
Voya SmallCap	1.36%	2.11%	1.01%	N/A	1.61%	0.91%	1.36%	1.11%
Opportunities Fund

We are willing to be bound by this letter agreement for the period from January 1, 2020 through October 1, 2021. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply. 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. This letter agreement shall terminate upon termination of the ELA.

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January 1, 2020

Page 2

Notwithstanding the foregoing, termination or modification of this letter requires

approval by the Board of Trustees of VET.
		Sincerely,
		By:	/s/ Xxxx Xxxxx
			Xxxx Xxxxx
			Senior Vice President
			Voya Investments, LLC
Accepted:
By:	/s/ Xxxxxxxx X. Xxxxxxxx
	Xxxxxxxx X. Xxxxxxxx
	Senior Vice President
	Voya Equity Trust