October 1, 2018 Voya Equity Trust 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
October 1, 2018
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 Large Cap Value Fund (the “Fund”), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from October 1, 2018 through October 1, 2019, 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:
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Maximum Operating Expense Limit |
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Classes |
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Name of Fund |
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A |
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C |
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I |
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O |
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R |
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R6 |
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T |
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W |
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Voya Large Cap Value Fund |
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1.10 |
% |
1.85 |
% |
0.76 |
% |
1.10 |
% |
1.35 |
% |
0.74 |
% |
1.10 |
% |
0.85 |
% |
We are willing to be bound by this letter agreement to lower our fees for the period from October 1, 2018 through October 1, 2019. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply, subject to possible recoupment by VIL within 36 months. This letter agreement shall terminate upon termination of the ELA.
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Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of VET.
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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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Accepted: |
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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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