May 1, 2018 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
May 1, 2018
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated November 18, 2015, between Directed Services LLC (“DSL”)(1) and Xxxxxxxxx Investment Counsel, LLC (“Xxxxxxxxx”) (the “Sub-Advisory Agreement”), the sub-advisory fee for VY® Xxxxxxxxx Foreign Equity Portfolio (the “Portfolio”) was reduced on January 1, 2016. On May 1, 2017, a new Sub-Advisory Agreement was executed between Xxxxxxxxx and Voya Investments, LLC (“VIL”).
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio, if a benefit exists, with a corresponding reduction (the “Reduction”) for the period from May 1, 2018 through May 1, 2019. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to Voya Investments, LLC from the January 1, 2016
sub-advisory fee rate reduction)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Directors of the Registrant.
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(1) Effective May 1, 2017, VIL replaced DSL as the investment manager for the Portfolio.
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very 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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Voya Investments, LLC | |
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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of the Portfolio) |
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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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