May 1, 2018 Voya Variable Portfolios, Inc. 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
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 International Index 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:
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Maximum Operating Expense Ratios |
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Series |
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Adviser |
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Class I |
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Class S |
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Class S2 |
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Voya International Index Portfolio |
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0.95 |
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0.45 |
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0.70 |
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0.85 |
% |
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 ELA shall apply, subject to possible recoupment by VIL within 36 months. This letter agreement shall terminate upon termination of the ELA.
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Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of VVPI.
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Sincerely, | |||
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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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Voya Investments, LLC | ||
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Accepted: |
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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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Voya Variable Portfolios, Inc. |
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