April 4, 2022 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:

Exhibit (d)(1)(iii)

April 4, 2022

Xxxx Xxxxx

Senior Vice President

Voya Investments, LLC

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, AZ 85258

Dear Xx. Xxxxx:

Pursuant to the Amended and Restated Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015, between Voya Equity Trust ("VET") and Voya Investments, LLC (the "Agreement"), we hereby notify you of our intention to retain you as Manager to render investment advisory services to Voya Small Cap Growth Fund (the "Fund"), a newly established series of VET, effective on April 4, 2022, 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 adding the Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual management fee rate for the Fund, is attached hereto.

Please signify your acceptance to act as Manager under the Agreement with respect to the aforementioned Fund by signing below where indicated.

Very sincerely,

By: /s/ Xxxxxxxx X. Xxxxxxxx_________

Name: Xxxxxxxx X. Xxxxxxxx

Title: 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

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT

between

VOYA EQUITY TRUST

and

VOYA INVESTMENTS, LLC

	Series	Annual Management Fee
		(as a percentage of average daily net assets)
	Voya Corporate Leaders® 100 Fund		0.500% on first $500 million of assets;
		0.450% on next $500 million of assets; and
		0.400% thereafter
		Direct Investments1
		0.900% on first $500 million of assets;
		0.875% on next $500 million of assets;
		0.850% on next $500 million of assets;
		0.825% on next $500 million of assets; and
	Voya Global Multi-Asset Fund	0.800% thereafter
		Other Investments2
		0.400%
		Underlying Funds3
		0.180% on assets

1"Direct Investments" shall include direct interests in companies other than investment companies (e.g. stocks), securities evidencing indebtedness (e.g. bonds) that do not derive their value from another security or asset, and instruments whose value is backed by an asset.

2

3

"Other Investments" shall mean assets which are not Direct Investments or Underlying Funds.

"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of form N-1A, as it was in effect as of the date of this contract.

A-1

	Series		Annual Management Fee
			(as a percentage of average daily net assets)
				0.750% on the first $1 billion of assets;
			0.725% on the next $1 billion of assets;
	Voya Large Cap Value Fund		0.700% on the next $1 billion of assets;
			0.675% on the next $1 billion of assets; and
			0.650% thereafter
			0.550% on first $500 million of assets;
	Voya Mid Cap Research Enhanced		0.525% on next $250 million of assets;
	Index Fund		0.500% on next $1.25 billion of assets; and
			0.475% thereafter
			0.850% on the first $500 million of assets;
	Voya MidCap Opportunities Fund		0.800% on the next $400 million of assets;
			0.750% on the next $450 million of assets; and
				0.700% thereafter
			Actively Managed Assets4
	Voya Multi-Manager Mid Cap Value		0.800% on assets
	Fund		Passively Managed Assets5
			0.400% on assets
	Voya Small Cap Growth Fund		0.800% on all assets
			0.950% on first $250 million of assets;
			0.900% on next $250 million of assets;
	Voya Small Company Fund		0.875% on next $250 million of assets;
			0.850% on next $1.25 billion of assets; and
			0.825% thereafter
			1.000% on the first $250 million of assets;
	Voya SmallCap Opportunities Fund		0.900% on the next $250 million of assets; and
			0.850% on the next $250 million of assets; and
				0.820% thereafter
	Voya U.S. High Dividend		0.290% on all assets
	Low Volatility Fund
Effective Date: April 4, 2022, to reflect the addition of Voya Small Cap Growth Fund.

4"Actively Managed Assets" shall mean assets which are not "Passively Managed Assets."

5"Passively Managed Assets" shall mean assets which are managed with a goal of replicating an index.

A-2