May 26, 2015 Voya Equity Trust Suite 100 Scottsdale, Arizona 85258-2034 Re: Expense Limitations Ladies and Gentlemen:
(d)(10)(iv)
May 26, 2015
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 May 26, 2015 through October 1, 2017, 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 R6 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 R6 |
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Voya Growth Opportunities Fund |
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0.78 |
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We are willing to be bound by this letter agreement to lower our fee for the period from May 26, 2015 through October 1, 2017. 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.
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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