Exhibit (d)(6)(vii)
Exhibit (d)(6)(vii)
November 22, 2019
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 ("VET"), on behalf of Voya Small Company Fund (the "Fund"), intending to be legally bound hereby, VIL, the adviser to the Fund, agrees that, from November 22, 2019 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:
Name of Fund |
Maximum Operating Expense Limit |
| ||||
|
(as a percentage of average net assets) |
| ||||
|
|
|
Classes |
|
|
|
A |
C |
I |
R |
R6 |
T |
W |
Voya Small Company Fund 1.35% |
2.10% |
1.04% |
1.60% |
1.04% |
1.35% |
1.10% |
We are willing to be bound by this letter agreement to lower our fees for the period from November 22, 2019 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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November 22, 2019
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
