By this letter dated May 1, 2019, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated May 1, 2017, between Voya Investments, LLC and Voya Partners, Inc. (the “Agreement”), with respect...
(d)(1)(i)
May 1, 2019
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 1, 2019, we have agreed to waive a portion of the management fee payable to us under the Investment Management Agreement, dated May 1, 2017, between Voya Investments, LLC and Voya Partners, Inc. (the “Agreement”), with respect to Voya Global Bond Portfolio, VY® American Century Small-Mid Cap Value Portfolio, VY® Columbia Contrarian Core Portfolio, VY® Columbia Small Cap Value II Portfolio, VY® Invesco Xxxxxxxx Portfolio, and VY® X. Xxxx Price Growth Equity Portfolio (each a “Portfolio” and collectively, the “Portfolios”), each a series of Voya Partners, Inc., indicated in the table below. By this letter, we agree to waive that fee for the period from May 1, 2019 through May 1, 2020.
This waiver (the “Waiver”) is “outside” each Portfolio’s expense limit arrangements under a separate expense limitation agreement (the “ELA”). This means that the Waiver does not reduce the Portfolio’s net operating expense ratio before the ELA is applied. The waiver is deducted after the ELA is applied. However, with respect to any share class of the Portfolio that has a 0.00% expense limit, the Waiver cannot further reduce the 0.00% net expense ratio experienced by shareholders with respect to that share class.
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.
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Series |
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Waiver |
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(as a percentage of |
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Voya Global Bond Portfolio |
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0.003 |
% |
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VY® American Century Small-Mid Cap Value Portfolio |
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0.165 |
% |
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VY® Columbia Contrarian Core Portfolio |
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0.023 |
% |
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VY® Columbia Small Cap Value II Portfolio |
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0.027 |
% |
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VY® Invesco Xxxxxxxx Portfolio |
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0.017 |
% |
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VY® X. Xxxx Price Growth Equity Portfolio |
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0.019 |
% |
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Partners, Inc.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
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Very 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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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of the Portfolios) |
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By: |
/s/ Xxxxxxxx Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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