May 1, 2018 Todd Modic Senior Vice President Voya Investments, LLC
Exhibit (d)(2)(i)
May 1, 2018
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Voya Investments, LLC (“Voya Investments”) and Voya Investment Management Co. LLC (“Voya IM”) are parties to a Sub-Advisory Agreement dated November 18, 2014 (the “Agreement”), and pursuant to the Agreement, Voya Investments has agreed to pay Voya IM an annual sub-advisory fee of 0.2700% as a percentage of average daily net assets of Voya Australia Index Portfolio, Voya Euro STOXX 50® Index Portfolio, Voya FTSE 100 Index® Portfolio, and Voya Japan TOPIX Index® Portfolio and an annual sub-advisory fee of 0.2475% as a percentage of average daily net assets of Voya Emerging Markets Index Portfolio, each a series of Voya Variable Portfolios, Inc. (each a “Portfolio” and collectively, the “Portfolios”). By this letter dated May 1, 2018, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
Voya IM will waive a portion of the sub-advisory fee payable by Voya Investments from May 1, 2018 through May 1, 2019 for each Portfolio, as indicated in the schedule set out below.
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Annual Sub-Advisory Fee |
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Series |
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Gross |
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Waiver |
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Net |
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Voya Australia Index Portfolio |
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0.2700 |
% |
0.1125 |
% |
0.1575 |
% |
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Voya Emerging Markets Index Portfolio |
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0.2475 |
% |
0.0675 |
% |
0.1800 |
% |
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Voya Euro STOXX 50® Index Portfolio |
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0.2700 |
% |
0.1125 |
% |
0.1575 |
% |
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Voya FTSE 100 Index® Portfolio |
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0.2700 |
% |
0.1125 |
% |
0.1575 |
% |
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Voya Japan TOPIX Index® Portfolio |
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0.2700 |
% |
0.1125 |
% |
0.1575 |
% |
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.
Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
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Very sincerely, | ||
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By: |
/s/ Xxxxxxxxxxx Xxxxx | |
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Xxxxxxxxxxx Xxxxx | |
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Vice President, Finance | |
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Voya Investment Management Co. LLC | |
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ACCEPTED AND AGREED TO: |
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Voya Investments, LLC |
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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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