May 30, 2014 Voya Equity Trust
Exhibit (d)(9)(iii)
May 30, 2014
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Suite 100
Scottsdale, Arizona 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
In accordance with the expense limitation agreement between ING Investments, LLC (now known as Voya Investments, LLC, “Voya Investments”) and ING Equity Trust (now known as Voya Equity Trust), dated May 13, 2013 (the “Expense Limitation Agreement”) with regard to ING Growth Opportunities Fund (now known as Voya Growth Opportunities Fund, the “Fund”), Voya Investments has waived all or a portion of its investment management fee and/or reimbursed expenses. By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Voya Investments, the adviser to the Fund, agrees that Voya Investments shall, from May 30, 2014 through October 1, 2015, 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 ratio of the Class R shares of the Fund shall be as follows:
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Maximum Operating Expense Ratio |
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Name of Fund |
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Class R |
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Voya Growth Opportunities Fund |
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1.45 |
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We are willing to be bound by this letter agreement to lower our fee for the period from May 30, 2014 through October 1, 2015. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply, subject to possible recoupment by Voya Investments within three years. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of Voya Equity Trust.
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Voya Investments, LLC | ||
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Senior Vice President | |
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Your signature below acknowledges |
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Senior Vice President |
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