January 1, 2016 Voya Equity Trust Suite 100 Scottsdale, Arizona 85258-2034
(d)(10)(i)
January 1, 2016
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 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 Equity Trust (“VET”), on behalf of Voya Large-Cap Growth Fund (formerly, Voya Growth Opportunities Fund, the “Fund”), intending to be legally bound hereby, VIL, the adviser to the Fund, agrees that, from the close of business on January 1, 2016 through October 1, 2017, 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 Fund shall be as follows:
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Name of Fund |
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Maximum Operating Expense Ratios |
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Class A |
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Class B |
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Class C |
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Class I |
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Class R |
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Class W |
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Voya Large-Cap Growth Fund |
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1.14 |
% |
1.89 |
% |
1.89 |
% |
0.79 |
% |
1.39 |
% |
0.89 |
% |
We are willing to be bound by this letter agreement to lower our fee for the period from the close of business on January 1, 2016 through October 1, 2017. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the ELA shall apply, subject to possible recoupment by VIL within three years. This letter agreement shall terminate upon termination of the ELA.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of VET.
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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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