Contract
(d)(5)(iii)
May 1, 2024
Voya Variable Portfolios, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement to the Expense Limitation Agreement ("ELA") between Voya Investments, LLC ("VIL") and Voya Variable Portfolios, Inc. ("VVPI"), on behalf of Voya International Index Portfolio (the "Portfolio"), intending to be legally bound hereby, VIL, the investment manager to the Portfolio, agrees that, from May 1, 2024 through May 1, 2025, VIL 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:
Maximum Operating Expense Ratios
Name of Portfolio(as a percentage of average net assets) Share Classes
|
Adviser |
I |
S |
S2 |
Voya International Index Portfolio |
0.95% |
0.45% |
0.70% |
0.85% |
We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2024 through May 1, 2025. The method of computation to determine the amount of the fee waiver and the definitions as set forth in ELA shall apply, subject to possible recoupment by VIL within 36 months. This letter agreement shall terminate upon termination of the ELA.
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May 1, 2024
Page 2
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of VVPI.
Very sincerely,
By: /s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: Senior Vice President
Voya Investments, LLC
ACCEPTED AND AGREED TO:
Voya Variable Portfolios, Inc.
By: /s/ Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
