August 1, 2016 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(3)(iii)
August 1, 2016
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Voya Investments, LLC (“Voya Investments”) and Voya Investment Management Co. LLC (“Voya IM”) are parties to a Sub-Advisory Agreement dated November 18, 2014 (the “Agreement”), and pursuant to the Agreement, Voya Investments has agreed to pay Voya IM an annual sub-advisory fee of 0.3825%, 0.2925%, and 0.315% as a percentage of average daily net assets of Voya Emerging Markets Corporate Debt Fund, Voya Emerging Markets Hard Currency Debt Fund, and Voya Emerging Markets Local Currency Debt Fund, respectively (each a “Fund,” and collectively, the “Funds”). By this letter dated August 1, 2016, Voya IM voluntarily waives the annual sub-advisory fee that it is entitled to receive with respect to the Class P shares of each Fund as follows:
Voya IM will waive the sub-advisory fee payable by Voya Investments for a period from August 1, 2016 through August 1, 2017 with respect to the Class P shares of each Fund, such that the new sub-advisory fee rate is 0.00% for the Class P shares of each Fund.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of Voya Separate Portfolios Trust.
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Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
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Very sincerely, |
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By: |
/s/ Xxxxxxxxxxx Xxxxx |
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Xxxxxxxxxxx Xxxxx |
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Vice President, Finance |
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Voya Investment Management Co. LLC |
ACCEPTED AND AGREED TO:
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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