Directed Services LLC
(d)(15)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2016
Voya Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement, Directed Services LLC (“DSL”), the adviser to VY® Invesco Xxxxxxxx Portfolio (the “Portfolio”), agrees that, from May 1, 2016 through May 1, 2017, DSL 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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Name of Portfolio |
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Adviser |
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Initial |
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Class R6 |
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Service |
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Service 2 |
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VY® Invesco Xxxxxxxx Portfolio |
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1.31 |
% |
0.81 |
% |
0.81 |
% |
1.06 |
% |
1.21 |
% |
We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2016 to May 1, 2017. DSL acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Partners, Inc.
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Sincerely, | |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services 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 Partners, Inc. |
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