Re: Money Market Fund Expense Limitation Agreement for Voya Money Market Fund

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Re:	Money Market Fund Expense Limitation Agreement for Voya Money Market Fund

Ladies and Gentlemen:

In accordance with the Money Market Fund Expense Limitation Agreement between Voya Investments, LLC, formerly ING Investments, LLC (the “Investment Manager”); Voya Investments Distributor, LLC, formerly ING Investments Distributor, LLC (the “Distributor”); and Voya Series Fund, Inc. formerly ING Series Fund, Inc. (the “Registrant”), on behalf of Voya Money Market Fund, formerly ING Money Market Fund, a series of the Registrant (the “Fund”), dated December 15, 2008 (the “Money Market Fund Expense Limitation Agreement”), the Distributor and the Investment Manager have contractually agreed to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Fund in maintaining a yield of not less than zero.

By our execution of this letter agreement, intending to be legally bound hereby, the Distributor and the Investment Manager agree, from August 1, 2015 through August 1, 2016, to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Fund to the extent necessary to assist the Fund in maintaining a yield of not less than zero. Upon your acceptance, the Money Market Fund Expense Limitation Agreement will be modified to give effect to the foregoing by amending Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.

Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Series Fund, Inc.

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August 1, 2015

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Please indicate your agreement to this term extension by executing below in the place indicated. This letter agreement shall terminate upon termination of the Money Market Fund Expense Limitation Agreement.

 

Agreed and Accepted:

Voya Series Fund, Inc.

 

By:		/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Senior Vice President

 

 

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August 1, 2015

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AMENDED SCHEDULE A

to the

MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT

VOYA SERIES FUND, INC.

OPERATING EXPENSE LIMITS

 

Name of Fund		Expiration of Term of Money Market Fund Expense Limitation Agreement
Voya Money Market Fund (formerly, ING Money Market Fund)		Term Expires August 1, 2016

/s/ HE

HE     

Date Last Amended: August 1, 2015