May 1, 2015 Voya Strategic Allocation Portfolios, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(4)(i)
May 1, 2015
Voya Strategic Allocation Portfolios, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 1, 2015, 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, between Voya Investments, LLC and Voya Strategic Allocation Portfolios, Inc. (the “Agreement”), with respect to Voya Strategic Allocation Conservative Portfolio, Voya Strategic Allocation Growth Portfolio, and Voya Strategic Allocation Moderate Portfolio (collectively, the “Portfolios”), each a series of Voya Strategic Allocation Portfolios, Inc. By this letter, we agree to waive that fee for the period from May 1, 2015 through January 1, 2017.
We will waive 0.045% on the first $5 billion of assets and 0.070% on assets in excess of $5 billion of the management fee payable to us for the Portfolios, as reflected in the schedule set forth below.
Series |
Management Fee Waiver (as a percentage of average daily net assets)
| |
Voya Strategic Allocation Conservative Portfolio |
0.045% on first $5 billion; 0.070% on assets in excess of $5 billion
| |
Voya Strategic Allocation Growth Portfolio |
0.045% on first $5 billion; 0.070% on assets in excess of $5 billion
| |
Voya Strategic Allocation Moderate Portfolio |
0.045% on first $5 billion; 0.070% on assets in excess of $5 billion
|
Voya Investments, LLC 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 Directors of Voya Strategic Allocation Portfolios, Inc.
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May 1, 2015
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 Strategic Allocation Portfolios, Inc.
(on behalf of the Portfolios)
By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
Xxxxxxxx X. Xxxxxxxx | ||
Senior Vice President |