May 1, 2017 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
(d)(2)(i)
May 1, 2017
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 0.2700% as a percentage of average daily net assets of Voya Australia Index Portfolio, Voya Euro STOXX 50® Index Portfolio, Voya FTSE 100 Index® Portfolio, and Voya Japan TOPIX Index® Portfolio and an annual sub-advisory fee of 0.2475% as a percentage of average daily net assets of Voya Emerging Markets Index Portfolio, each a series of Voya Variable Portfolios, Inc. (each a “Portfolio” and collectively, the “Portfolios”). By this letter dated May 1, 2017, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
Voya IM will waive a portion of the sub-advisory fee payable by Voya Investments from May 1, 2017 through May 1, 2018 for each Portfolio, as indicated in the schedule set out below.
Annual Sub-Advisory Fee |
||||||||||||
Series |
Gross | Waiver | Net | |||||||||
Voya Australia Index Portfolio |
0.2700 | % | 0.1125 | % | 0.1575 | % | ||||||
Voya Emerging Markets Index Portfolio |
0.2475 | % | 0.0675 | % | 0.1800 | % | ||||||
Voya Euro STOXX 50® Index Portfolio |
0.2700 | % | 0.1125 | % | 0.1575 | % | ||||||
Voya FTSE 100 Index® Portfolio |
0.2700 | % | 0.1125 | % | 0.1575 | % | ||||||
Voya Japan TOPIX Index® Portfolio |
0.2700 | % | 0.1125 | % | 0.1575 | % |
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.
INVESTMENT MANAGEMENT
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May 1, 2017
Page 2 of 2
Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
Very sincerely, | ||
By: | /s/ Xxxxxxxxxxx Xxxxx | |
Xxxxxxxxxxx Xxxxx | ||
Vice President, Finance | ||
Voya Investment Management Co. LLC |
ACCEPTED AND AGREED TO:
Voya Investments, LLC
By: | /s/ Xxxx Xxxxx | |
Xxxx Xxxxx | ||
Senior Vice President |
INVESTMENT MANAGEMENT
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