February 28, 2019 Voya Equity Trust
February 28, 2019
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated February 28, 2019, we have agreed to waive the management fee payable to us under the Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015 (the “Agreement”), between Voya Investments, LLC and Voya Equity Trust (“VET”), with respect to Class P shares of Voya Multi-Manager Mid Cap Value Fund (the “Fund”), a series of VET. Such waiver will be in an amount equal to the management fees allocated to, and otherwise payable by, the Class P shares of the Fund, thereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
By this letter, we agree to waive the management fee for the period from February 28, 2019 through October 1, 2020.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of VET.
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Please indicate your agreement to this reduction in fee by executing below in the place indicated.
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Very 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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Agreed and Accepted: |
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(on behalf of the Funds) |
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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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