May 1, 2018 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
May 1, 2018
Voya Partners, Inc.
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Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated November 18, 2015, between Directed Services LLC (“DSL”)(1) and ▇▇▇▇▇▇▇▇▇ Investment Counsel, LLC (“▇▇▇▇▇▇▇▇▇”) (the “Sub-Advisory Agreement”), the sub-advisory fee for VY® ▇▇▇▇▇▇▇▇▇ Foreign Equity Portfolio (the “Portfolio”) was reduced on January 1, 2016. On May 1, 2017, a new Sub-Advisory Agreement was executed between ▇▇▇▇▇▇▇▇▇ and Voya Investments, LLC (“VIL”).
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio, if a benefit exists, with a corresponding reduction (the “Reduction”) for the period from May 1, 2018 through May 1, 2019. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to Voya Investments, LLC from the January 1, 2016
sub-advisory fee rate reduction)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Directors of the Registrant.
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(1) Effective May 1, 2017, VIL replaced DSL as the investment manager for the Portfolio.
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, | |
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By: |
/s/ ▇▇▇▇ ▇▇▇▇▇ | |
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▇▇▇▇ ▇▇▇▇▇ | |
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Vice President | |
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Voya Investments, LLC | |
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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of the Portfolio) |
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By: |
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
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Senior Vice President |
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