Exhibit (d)(3)(i)
Exhibit (d)(3)(i)
May 1, 2023
Voya Government Money Market Portfolio
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Money Market Fund Expense Limitation Agreement for Voya Government Money Market Portfolio
Ladies and Gentlemen:
In accordance with the Money Market Fund Expense Limitation Agreement among Voya Investments, LLC (the "Investment Manager"), Voya Investments Distributor, LLC (the "Distributor"), and Voya Government Money Market Portfolio (the "Registrant"), dated January 1, 2016 (the "Money Market Fund Expense Limitation Agreement"), the Distributor and the Investment Manager have contractually agreed to waive a portion of their distribution and/or shareholder servicing fees and management fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero.
By our execution of this letter agreement, intending to be legally bound hereby, the Distributor and the Investment Manager agree, from May 1, 2023 through May 1, 2024, to waive a portion of their distribution and/or shareholder servicing fees and management fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero. Upon your acceptance, the Money Market Fund Expense Limitation Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
May 1, 2023
Page 2
Please indicate your agreement to this term extension by executing below in the place indicated. This letter agreement shall terminate upon termination of the Money Market Fund Expense Limitation Agreement.
Voya Investments, LLC
By: /s/ Xxxx Xxxxx________________
Name: Xxxx Xxxxx
Title: Senior Vice President
Voya Investments Distributor, LLC
By: /s/ Xxxxxx X. Xxxxxxxxx_________
Name: Xxxxxx X. Xxxxxxxxx
Title: Senior Vice President
ACCEPTED AND AGREED TO:
Voya Government Money Market Portfolio
By: /s/ Xxxxxxxx X. Xxxxxxxx______
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
VOYA GOVERNMENT MONEY MARKET PORTFOLIO
OPERATING EXPENSE LIMITS
Name of Portfolio |
Expiration of Term of Money Market Fund Expense |
|
Limitation Agreement |
|
|
Voya Government Money |
Term Expires May 1, 2024 |
Market Portfolio |
|
|
|
Effective Date: May 1, 2023