0001683863-21-001018 Sample Contracts

Contract
Voya MUTUAL FUNDS • February 25th, 2021
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Contract
Voya MUTUAL FUNDS • February 25th, 2021
Contract
Voya MUTUAL FUNDS • February 25th, 2021
Contract
Voya MUTUAL FUNDS • February 25th, 2021
Contract
Voya MUTUAL FUNDS • February 25th, 2021
Contract
Voya MUTUAL FUNDS • February 25th, 2021
Contract
Voya MUTUAL FUNDS • February 25th, 2021
March 1, 2021
Voya MUTUAL FUNDS • February 25th, 2021
March 1, 2021 Voya Mutual Funds Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
Voya MUTUAL FUNDS • February 25th, 2021

By this letter dated March 1, 2021, 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 Multi-Manager Emerging Markets Equity Fund, Voya Multi-Manager International Equity Fund, and Voya Multi-Manager International Factors Fund (collectively, the "Funds"), each a series of VMF. Such waiver will be in an amount equal to the management fees allocated to, and otherwise payable by, the Class P shares of the Funds, thereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.

Contract
Voya MUTUAL FUNDS • February 25th, 2021
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