January 1, 2020 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258-2034
(d)(16)
January 1, 2020
Voya Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement, Voya Investments, LLC ("VIL"), the investment manager to VY® Invesco Xxxxxxxx Portfolio (the "Portfolio"), agrees that, from January 1, 2020 through May 1, 2021, VIL shall waive all or a portion of its management fee and/or reimburse expenses to limit ordinary operating expenses, excluding interest, taxes, other investment-related costs, leverage expenses, extraordinary expenses such as litigation, other expenses not incurred in the ordinary course of the Portfolio's business, and expenses of any counsel or other persons or services retained by the Portfolio's directors who are not "interested persons," as that term is defined in the 1940 Act, in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Portfolio shall be as follows:
Name of Portfolio |
Maximum Operating Expense Ratios | |||||
(as a percentage of average net assets) | ||||||
| ||||||
|
|
|
Classes |
|
| |
|
Adviser |
Initial |
R6 |
Service |
Service 2 | |
VY® Invesco Xxxxxxxx Portfolio |
1.29% |
0.79% |
0.79% |
1.04% |
1.19% | |
We are willing to be bound by this letter agreement to lower our fees for the period from January 1, 2020 to May 1, 2021. VIL acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.
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January 1, 2020
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Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Partners, Inc.
Sincerely,
By: /s/ Xxxx Xxxxx
Xxxx Xxxxx
Senior Vice President
Voya Investments, LLC
Accepted:
By: /s/ Xxxxxxxx X. Xxxxxxxx
Xxxxxxxx X. Xxxxxxxx
Senior Vice President
Voya Partners, Inc.
