Directed Services LLC] May 1, 2014 Voya Partners, Inc. 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
(d)(18)
[Directed Services LLC]
May 1, 2014
Voya Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”) to the Expense Limitation Agreement dated May 7, 2013, intending to be legally bound hereby, Directed Services LLC (“DSL”), the Adviser to XX Xxxxxxxxx Foreign Equity Portfolio (the “Portfolio”), agrees that DSL shall, from May 1, 2014 through May 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 ratios of the Portfolio, shall be as follows:
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Maximum Operating Expense Limit |
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Classes |
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Name of Portfolio |
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Adviser Class |
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Initial Class |
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Service Class |
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Service 2 Class |
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XX Xxxxxxxxx Foreign Equity Portfolio |
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1.42 |
% |
0.92 |
% |
1.17 |
% |
1.32 |
% |
DSL acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Partners, Inc.
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Sincerely, |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
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