February 28, 2019 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
February 28, 2019
Xx. 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, as amended (the “Agreement”), and pursuant to the Agreement, Voya Investments has agreed to pay Voya IM an annual sub-advisory fee of 0.2930% as a percentage of average daily net assets of Voya Multi-Manager International Factors Fund (the “Fund”). By this letter dated February 28, 2019, Voya IM voluntarily waives the annual sub-advisory fee that it is entitled to receive with respect to the Class P shares of the Fund as follows:
Voya IM will waive the sub-advisory fee payable by Voya Investments for a period from February 28, 2019 through March 1, 2020 with respect to the Class P shares of the Fund, such that the new sub-advisory fee rate is 0.00% for the Class P shares of the Fund.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of Voya Mutual Funds.
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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 | |
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ACCEPTED AND AGREED TO: |
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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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