May 1, 2018 Voya Variable Portfolios, Inc.

Exhibit (d)(3)(iv)

May 1, 2018

Voya Variable Portfolios, Inc.

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, AZ 85258-2034

Re: Expense Limitations

Ladies and Gentlemen:

By execution of this letter agreement to the Expense Limitation Agreement ( “ELA”) between Voya Investments, LLC (“VIL”) and Voya Variable Portfolios, Inc. (“VVPI”), on behalf of Voya Global Equity Portfolio, formerly Voya Global Value Advantage Portfolio (the “Portfolio”), intending to be legally bound hereby, VIL, the investment manager to the Portfolio, agrees that, from May 1, 2018 through May 1, 2019, VIL shall 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:

		Maximum Operating Expense Limit (as a percentage of average net assets)
Series		Adviser Class		Class I		Class S		Class S2		Class T
Voya Global Equity Portfolio		1.11	%	0.61	%	0.86	%	1.01	%	1.21	%

We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2018 through May 1, 2019.  The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply.  VIL acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.  This letter agreement shall terminate upon termination of the ELA.

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Notwithstanding the forgoing, termination or modification of this letter requires approval by the Board of Directors of VVPI.

			Sincerely,
			By:	/s/ Xxxx Xxxxx
				Xxxx Xxxxx
				Senior Vice President
				Voya Investments, LLC
Accepted:
By:	/s/ Xxxxxxxx X. Xxxxxxxx
	Xxxxxxxx X. Xxxxxxxx
	Senior Vice President
	Voya Variable Portfolios, Inc.

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