May 1, 2016
(d)(3)(i)
May 1, 2016
Voya Government Money Market Portfolio
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
| Re: | Money Market Fund Expense Limitation Agreement for Voya Government Money Market Portfolio (formerly, Voya 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 advisory 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, 2016 through May 1, 2017, to waive a portion of their distribution and/or shareholder servicing fees and advisory 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 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 PAGE INTENTIONALLY LEFT BLANK
May 1, 2016
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 | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
| Voya Investments Distributor, LLC | ||
| By: |
/s/ Xxxxxxx X. Xxxxxx | |
| Xxxxxxx X. Xxxxxx | ||
| Executive Vice President | ||
Agreed and Accepted:
Voya Government Money Market Portfolio
| By: |
/s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President |
AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
VOYA GOVERNMENT MONEY MARKET PORTFOLIO
OPERATING EXPENSE LIMITS
| Name of Fund |
Expiration of Term of Money Market Fund Expense
| |
|
Voya Government Money Market Portfolio (formerly, Voya Money Market Portfolio)
|
Term Expires May 1, 2017 |
/s/ HE
HE
Effective Date: May 1, 2016
