Directed Services LLC] May 1, 2014 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(iii)
[Directed Services LLC]
May 1, 2014
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement, dated June 7, 2011, as amended (the “Sub-Advisory Agreement”), between Directed Services LLC (“DSL”) and Voya Investment Management Co. LLC (“VIM”), the sub-advisory fee for Voya Global Bond Portfolio (formerly, ING Xxxxxxxxxxx Global Strategic Income Portfolio, the “Portfolio”) was reduced on January 21, 2011 in connection with the sub-adviser change to VIM. On May 1, 2014, VIM executed an amended and restated Sub-Advisory Agreement.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual advisory fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2014 through May 1, 2015. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to DSL from the January 21, 2011 expense reduction)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Directors of the Registrant.
Please indicate your agreement to this Reduction by executing below in the place indicated.
|
Very sincerely, | |
|
|
|
|
|
|
|
By: |
/s/ Xxxx Xxxxx |
|
|
Xxxx Xxxxx |
|
|
Vice President |
|
|
Directed Services LLC |
Agreed and Accepted: |
| |
Voya Partners, Inc. |
| |
(on behalf of the Portfolio) |
| |
|
| |
|
| |
By: |
/s/ Xxxxxxx X. Xxxxxx |
|
|
Xxxxxxx X. Xxxxxx |
|
|
Executive Vice President |
|