Graphic (d)(3)(i)
| Graphic | (d)(3)(i) |
May 1, 2014
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, Arizona 85258
| Re: | Money Market Fund Expense Limitation Agreement for Voya Money Market Portfolio |
Ladies and Gentlemen:
In accordance with the Money Market Fund Expense Limitation Agreement between ING Investments, LLC (now known as Voya Investments, LLC, the “Investment Manager”), ING Investments Distributor, LLC (now known as Voya Investments Distributor, LLC, the “Distributor”), and ING Money Market Portfolio (now known as Voya Money Market Portfolio, the “Registrant”), dated May 13, 2013 (the “Money Market Fund Expense Limitation Agreement”), the Distributor and the Investment Manager have contractually agreed to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero.
By our execution of this letter agreement, intending to be legally bound hereby, the Distributor and the Investment Manager agree, from May 1, 2014 through May 1, 2015, to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero. Upon your acceptance, the Money Market Fund Expense Limitation Agreement will be modified to give effect to the foregoing by amending Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
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| 0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxxxxxxxxx.xxx |
Voya Investments Distributor, LLC Voya Investments, LLC |
May 1, 2014
Page 2 of 2
Please indicate your agreement to this term extension by executing below in the place indicated. This letter agreement shall terminate upon termination of the Money Market Fund Expense Limitation Agreement.
| Voya Investments, LLC | ||
| By: |
/s/ Xxxx Xxxxx | |
| Xxxx Xxxxx | ||
| Senior Vice President | ||
| Voya Investments Distributor, LLC | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Xxxxxxx X. Xxxxxx | ||
| Executive Vice President | ||
Agreed and Accepted:
| By: |
/s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President |
AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
OPERATING EXPENSE LIMITS
| Name of Fund |
Expiration of Term of Money Market Fund Expense Limitation Agreement
| |
| Term Expires May 1, 2015 |
/s/ HE
HE
Date Last Amended: May 1, 2014
