Exhibit (d)(3)(i)
![](https://www.sec.gov/Archives/edgar/data/1063946/000168386321005313/gr0b46xrd5o9ne1sqe86c.jpg)
Exhibit (d)(3)(i)
December 31, 2020
Xxxxxxxxxxx Xxxxx
Vice President, Finance
Voya Investment Management Co. LLC
One Orange Way, C1-N
Windsor, CT 06095
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement, effective as of November 18, 2014, as amended (the "Agreement"), between Voya Investments, LLC and Voya Investment Management Co. LLC, we hereby notify you of our intention to modify the annual sub-advisory fee rate for Voya U.S. High Dividend Low Volatility Fund (the "Fund"), effective on December 31, 2020, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual sub-advisory fee rate for the Fund, is attached hereto.
Please signify your acceptance to the modified sub-advisory fee rate for the Fund by signing below where indicated.
Very sincerely,
By: /s/ Xxxx Xxxxx_______________
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
ACCEPTED AND AGREED TO:
Voya Investment Management Co. LLC
By: /s/ Xxxxxxxxxxx Xxxxx________
Name: Xxxxxxxxxxx Xxxxx
Title: Vice President, Finance
AMENDED SCHEDULE A
with respect to the
SUB-ADVISORY AGREEMENT
between
VOYA INVESTMENTS, LLC
and
VOYA INVESTMENT MANAGEMENT CO. LLC
|
|
|
Annual Sub-Advisory Fee |
|
Series |
(as a percentage of average daily | |
|
|
|
assets allocated to the Sub-Adviser) |
Voya Corporate Leaders® 100 Fund |
0.1800% on all assets | ||
|
|
|
Direct Investments1 |
|
|
|
0.3600% on first $500 million; |
|
|
|
0.3490% on next $500 million; |
|
|
|
0.3380% on next $500 million; |
|
|
|
0.3260% on next $500 million; and |
Voya Global Multi-Asset Fund |
0.3150% over $2 billion | ||
| |||
|
|
|
Other Investments2 |
|
|
|
0.1350% |
|
|
|
Underlying Funds3 |
|
|
|
0.0200% |
|
|
|
|
Voya Large-Cap Growth Fund |
0.2295% on all assets | ||
|
|
|
|
Voya Large Cap Value Fund |
0.2925% on all assets | ||
|
|
|
|
|
|
|
|
1"Direct Investments" shall include direct interests in companies other than investment companies (e.g. stocks), securities evidencing indebtedness (e.g. bonds) that do not derive their value from another security or asset, and instruments whose value is backed by an asset.
2
3
"Other Investments" shall mean assets which are not Direct Investments or Underlying Funds.
"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect as of the date of this contract.
|
Annual Sub-Advisory Fee | |
Series |
(as a percentage of average daily | |
|
assets allocated to the Sub-Adviser) | |
|
0.3375% on the first $500 million; | |
Voya MidCap Opportunities Fund |
0.3150% on the next $400 million; | |
0.2925% on the next $450 million; and | ||
| ||
|
0.2700% on assets in excess of $1.350 billion | |
|
| |
|
0.2030% on first $500 million; | |
Voya Mid Cap Research Enhanced Index Fund |
0.1910% on next $250 million; | |
|
0.1800% on next $1.25 billion; and | |
|
0.1690% over $2 billion | |
|
| |
Voya Multi-Manager Mid Cap Value Fund |
[REDACTED] | |
|
| |
|
0.3830% on first $250 million; | |
|
0.3600% on next $250 million; | |
Voya Small Company Fund |
0.3490% on next $250 million; | |
|
0.3380% on next $1.25 billion; and | |
|
0.3260% over $2 billion | |
|
| |
|
0.4050% on the first $250 million; | |
Voya SmallCap Opportunities Fund |
0.3600% on the next $250 million; | |
0.3375% on the next $250 million; and 0.3280% | ||
| ||
|
on assets in excess of $750 million | |
|
| |
Voya U.S. High Dividend Low Volatility Fund |
0.1300% on all assets | |
|
|
Effective Date: December 31, 2020, in connection with a modification to the sub-advisory fee rate for Voya U.S. High Dividend Low Volatility Fund.