November 18, 2014 Voya Equity Trust Suite 100 Scottsdale, Arizona 85258-2034 Re: Expense Limitations Ladies and Gentlemen:
(d)(10)(iii)
November 18, 2014
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
In accordance with the expense limitation agreement between Voya Investments, LLC ( “Voya Investments”) and Voya Equity Trust , dated November 18, 2014 (the “Expense Limitation Agreement”) with regard to Voya Growth Opportunities Fund (the “Fund”), Voya Investments has waived all or a portion of its investment management fee and/or reimbursed expenses. By our execution of this letter agreement, intending to be legally bound hereby, Voya Investments, the adviser to the Fund, agrees that Voya Investments shall, from November 18, 2014 through October 1, 2015, 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 ratio of the Class R shares of the Fund shall be as follows:
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Maximum Operating Expense Ratio |
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Name of Fund |
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Class R |
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Voya Growth Opportunities Fund |
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1.45 |
% |
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We are willing to be bound by this letter agreement to lower our fee for the period from
November 18, 2014 through October 1, 2015. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply, subject to possible recoupment by Voya Investments within three years. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
This letter agreement replaces the previous letter agreement, dated May 30, 2014
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of Voya Equity Trust.
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Voya Investments, LLC | ||
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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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Your signature below acknowledges acceptance of this Agreement: |
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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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