March 6, 2015 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:

(d)(1)(ii)

March 6, 2015

Xx. Xxxx Xxxxx

Senior Vice President

Voya Investments, LLC

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, AZ 85258

Dear Xx. Xxxxx:

Pursuant to the Investment Management Agreement, dated November 18, 2014, between Voya Equity Trust (“VET”) and Voya Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the breakpoints to the annual investment management fee for Voya Large Cap Value Fund (the “Fund”), a series of VET, effective as of the close of business on March 6, 2015, 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 additional breakpoints to the annual investment management fee for the Fund, is attached hereto.

Please signify your acceptance to the additional breakpoints to the annual investment management fee for the aforementioned Fund by signing below where indicated.

		Very sincerely,
		By:	/s/ Xxxxxxxx X. Xxxxxxxx
			Xxxxxxxx X. Xxxxxxxx
			Senior Vice President
			Voya Equity Trust
ACCEPTED AND AGREED TO:
Voya Investments, LLC
By:	/s/ Xxxx Xxxxx
Name:	Xxxx Xxxxx
Title:	Senior Vice President, Xxxx Authorized

AMENDED SCHEDULE A

with respect to the

INVESTMENT MANAGEMENT AGREEMENT

between

VOYA EQUITY TRUST

and

VOYA INVESTMENTS, LLC

Series		Effective Date		Annual Investment Management Fee (as a percentage of average daily net assets)
Voya Large Cap Value Fund		Close of business on March 6, 2015		0.65% on the first $1 billion; 0.625% on the next $1 billion; 0.60% on the next $1 billion; 0.575% on the next $1 billion; and 0.55% thereafter
Voya MidCap Opportunities Fund		January 1, 2015		0.75% on the first $1 billion; 0.70% on the next $500 million; 0.65% on the next $500 million; and 0.60% thereafter
Voya Multi-Manager Mid Cap Value Fund		November 18, 2014		0.70% on all assets
Voya Real Estate Fund		November 18, 2014		0.70% on all assets
Voya SmallCap Opportunities Fund		November 18, 2014		0.90% on the first $250 million; 0.80% on the next $250 million; and 0.75% on the assets in excess of $500 million