INVESTMENT COMPANY REPORTING MODERNIZATION SERVICES AMENDMENT TO FUND ACCOUNTING AGREEMENTFund Accounting Agreement • February 23rd, 2018 • Voya MUTUAL FUNDS
This Investment Company Reporting Modernization Services Amendment (the “Amendment”) is made as of February 1, 2018 by and between the investment companies listed on the signature page hereto (each, a “Fund” and collectively, the “Funds”) and THE BANK OF NEW YORK MELLON (“BNY Mellon”).
June 1, 2017 Voya Investments, LLC Suite 100 Scottsdale, AZ 85258Voya MUTUAL FUNDS • February 23rd, 2018
Re: Sub-Advisory Agreement dated May 1, 2017 between Voya Investments, LLC (the “Adviser”), Voya Investors Trust (the “Trust”) and J.P. Morgan Investment Management Inc., (the “Sub-Adviser”).
VOYA MUTUAL FUNDS AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENTExpense Limitation Agreement • February 23rd, 2018 • Voya MUTUAL FUNDS
This EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective January 1, 2016, as amended and restated on May 31, 2017, is made by and among Voya Investments, LLC (the “Investment Manager”), Voya Investments Distributor, LLC (the “Distributor”), and Voya Mutual Funds (the “Registrant”). If the Registrant is a series fund investment company, then the Registrant is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series. If the Registrant is not a series fund investment company, then this Agreement shall apply to the Registrant, and the use of the terms “Fund” or “Funds” herein shall refer to the Registrant.
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Voya MUTUAL FUNDS • February 23rd, 2018
By execution of this letter agreement to the Expense Limitation Agreement (“ELA”) between Voya Investments, LLC (“VIL”) and Voya Mutual Funds (“VMF”), on behalf of Voya Global Equity Dividend Fund (the “Fund”), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from March 1, 2018 through March 1, 2019, 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 Fund shall be as follows:
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:Voya MUTUAL FUNDS • February 23rd, 2018
By this letter dated March 1, 2018, 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, between Voya Investments, LLC and Voya Mutual Funds (“VMF”) (the “Agreement”), with respect to Class P shares of Voya Global Bond Fund (the “Fund”), a series of Voya Mutual Funds. 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%.
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Voya MUTUAL FUNDS • February 23rd, 2018
By execution of this letter agreement to the Expense Limitation Agreement (“ELA”) between Voya Investments, LLC (“VIL”) and Voya Mutual Funds (“VMF”), on behalf of Voya Multi-Manager Emerging Markets Equity Fund (the “Fund”), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from March 1, 2018 through March 1, 2019, 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 Fund shall be as follows:
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Voya MUTUAL FUNDS • February 23rd, 2018
By execution of this letter agreement to the Expense Limitation Agreement (“ELA”) between Voya Investments, LLC (“VIL”) and Voya Mutual Funds (“VMF”), on behalf of Voya Multi-Manager International Small Cap Fund (the “Fund”), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from March 1, 2018 through March 1, 2019, 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 Fund shall be as follows:
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Voya MUTUAL FUNDS • February 23rd, 2018
By execution of this letter agreement to the Expense Limitation Agreement (“ELA”) between Voya Investments, LLC (“VIL”) and Voya Mutual Funds (“VMF”), on behalf of Voya Russia Fund (the “Fund”), intending to be legally bound hereby, VIL, the investment manager to the Fund, agrees that, from March 1, 2018 through March 1, 2019, 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 Fund shall be as follows:
March 1, 2018 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:Voya MUTUAL FUNDS • February 23rd, 2018
Pursuant to the Sub-Advisory Agreement executed on November 18, 2014, between Delaware Investments Fund Advisers (“Delaware”), a sub-adviser to Voya Multi-Manager Emerging Markets Equity Fund (the “Fund”), a series of Voya Mutual Funds (“VMF”), and Voya Investments, LLC (“VIL”), the sub-advisory fee rate payable by VIL to Delaware on behalf of the Fund was reduced on July 1, 2015.
March 1, 2018 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258-2034Voya MUTUAL FUNDS • February 23rd, 2018
Voya Mutual Funds (“VMF”), Voya Investments, LLC (“VIL”) and CBRE Clarion Securities LLC (“Clarion”) are parties to an Expense Limitation Agreement dated January 1, 2016 (the “ELA”) that limits the expenses of Voya International Real Estate Fund (“Real Estate Fund”), a series of VMF. Pursuant to the ELA: (1) VIL waives its investment management fee in an amount sufficient to achieve Real Estate Fund’s Operating Expense Limits, as set out in the ELA; and (2) for so long as the sub-advisory fees payable to Clarion with respect to Real Estate Fund are equal to 50% of the investment management fee payable to VIL by the Fund, Clarion reduces its sub-advisory fees in an amount sufficient to pay 50% of any Excess Amount, as such term is defined in the ELA, paid by VIL to Real Estate Fund under the ELA. Real Estate Fund’s Operating Expense Limits under the ELA are as follows:
March 1, 2018 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:Voya MUTUAL FUNDS • February 23rd, 2018
Pursuant to the Sub-Advisory Agreement, dated December 17, 2007, between Schroder Investment Management North America, Inc. (“Schroder”), a former sub-adviser to Voya Multi-Manager International Small Cap Fund (the “Fund”), a series of Voya Mutual Funds, and Voya Investments, LLC (“VIL”), the sub-advisory fee rate payable by VIL to Schroder on behalf of the Fund was reduced on June 1, 2009.
