November 18, 2022 Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258-2034 Dear Mr. Modic:
(d)(1)(iv)
November 18, 2022
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Dear Xx. Xxxxx:
Pursuant to the Amended and Restated Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015, between Voya Mutual Funds ("VMF") and Voya Investments, LLC (the "Agreement"), we hereby notify you of our intention to retain you as Manager to render investment advisory services to Voya VACS Series EME Fund (the "Fund"), a newly established series of VMF, effective on November 18, 2022, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual management fee rate for the Fund, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with respect to the aforementioned Fund by signing below where indicated.
Very sincerely,
By: /s/ Xxxxxxxx X. Xxxxxxxx_________
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President
ACCEPTED AND AGREED TO:
Voya Investments, LLC
By: /s/ Xxxx Xxxxx__________________
Name: Xxxx Xxxxx
Title: Senior Vice President, Xxxx Authorized
AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
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between |
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and |
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VOYA INVESTMENTS, LLC | |
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Series |
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Annual Investment Management Fee |
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(as a percentage of average daily net assets) |
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Voya Global Bond Fund |
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0.500% on all assets |
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Direct Investments1 |
Voya Global Diversified |
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0.400% on assets |
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Payment Fund |
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Underlying Funds2 |
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0.180% on assets |
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Voya Global High Dividend |
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0.500% on all assets |
Low Volatility Fund |
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1"Direct Investments" is an investment in a financial instrument issued by an issuer that is not a part of the Voya family of funds, including, but not limited to: a security issued by an investment company that is not a part of the Voya family of funds, including exchange traded funds; a security issued by a non-mutual fund issuer, such as an operating company; and derivative instruments other than call options written by Voya Investment Management Co. LLC. The phrase "family of funds" shall have the same meaning as "fund complex" as defined in Item 17 of Form N-1A, as it was in effect as of the date of this contract.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" defined in Item 17 of Form N-1A, as it was in effect as of the date of this contract.
A-1
Series |
Annual Investment Management Fee | |
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(as a percentage of average daily net assets) | |
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Direct Investments1 | |
Voya Global Perspectives® |
0.400% on assets | |
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Fund |
Underlying Funds2 | |
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0.200% on assets | |
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Voya International High |
0.500% on all assets | |
Dividend Low Volatility Fund | ||
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Voya Multi-Manager |
Actively Managed Assets3 | |
1.100% on assets | ||
Emerging Markets Equity |
Passively Managed Assets4 | |
Fund | ||
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0.700% on assets | |
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Voya Multi-Manager |
0.850% on all assets | |
International Equity Fund | ||
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Voya Multi-Manager |
0.650% on all assets | |
International Factors Fund | ||
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Voya Multi-Manager |
1.000% of the first $500 million of assets; | |
0.950% of the next $500 million of assets; and | ||
International Small Cap Fund | ||
0.900% thereafter | ||
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Voya Russia Fund |
1.350% on all assets | |
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Voya VACS Series EME Fund |
0.00% on all assets | |
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Effective Date: November 18, 2022, to reflect the addition of Voya VACS Series EME Fund.
1"Direct Investments" shall mean assets which are not Underlying Funds.
2"Underlying Funds" shall mean open-end investment companies registered under the 1940 Act within the Voya family of funds. The phrase "family of funds" shall have the same meaning as "fund complex" defined in Item 17 of Form N-1A, as it was in effect as of the date of this contract.
3"Actively Managed Assets" shall mean assets which are not "Passively Managed Assets."
4"Passively Managed Assets" shall mean assets which are managed with a goal of replicating an index.
A-2