0001571049-15-003292 Sample Contracts

SUB-ADVISORY AGREEMENT Voya EMERGING MARKETS HIGH DIVIDEND EQUITY FUND
Sub-Advisory Agreement • April 29th, 2015 • Voya Emerging Markets High Dividend Equity Fund • New York

AGREEMENT, effective as of November 18, 2014, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), and Voya Investment Management Co. LLC, a Delaware limited liability company (the “Sub-Adviser”).

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SUB-ADVISORY AGREEMENT Voya EMERGING MARKETS HIGH DIVIDEND EQUITY FUND
Sub-Advisory Agreement • April 29th, 2015 • Voya Emerging Markets High Dividend Equity Fund • New York

AGREEMENT, effective as of February 10, 2015, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), and ING Investment Management Advisors B.V., a subsidiary of ING Groep N.V., domiciled in The Hague, The Netherlands (the “Sub-Adviser”).

INVESTMENT MANAGEMENT AGREEMENT Voya EMERGING MARKETS HIGH DIVIDEND EQUITY FUND
Investment Management Agreement • April 29th, 2015 • Voya Emerging Markets High Dividend Equity Fund • New York

AGREEMENT, effective as of November 18, 2014, between Voya Emerging Markets High Dividend Equity Fund (the “Fund”), a Delaware statutory trust, and Voya Investments, LLC (the “Adviser”), a limited liability company organized and existing under the laws of the State of Arizona (the “Agreement”).

FORM OF MANAGEMENT AGREEMENT
Investment Management Agreement • April 29th, 2015 • Voya Emerging Markets High Dividend Equity Fund • Delaware
ITEM 77Q1– Exhibits
Investment Management Agreement • April 29th, 2015 • Voya Emerging Markets High Dividend Equity Fund
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