(d)(1)(ii)
May 1, 2024
Todd Modic
Senior Vice President
Voya Investments, LLC
7337 E. Doubletree Ranch Road
Suite 100
Scottsdale, AZ 85258-2034
RE: Name Change and Management Fee Rate for Voya Global Multi-Asset Fund
Dear Mr. Modic:
Pursuant to the Amended and Restated Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015, between Voya Equity Trust and Voya Investments, LLC (the “Agreement”), we hereby notify you of our intention to change the name of Voya Global Multi-Asset Fund (the “Fund”) to Voya Global Income & Growth Fund and to modify the annual management fee rate for the Fund, effective on May 1, 2024, 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 amending 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 the change in name and modified management fee rate for the aforementioned Fund by signing below where indicated.
Very sincerely,
By: /s/ Kimberly A. Anderson_______
Name: Kimberly A. Anderson
Title: Senior Vice President
Voya Equity Trust
ACCEPTED AND AGREED TO:
Voya Investments, LLC
By: /s/ Todd Modic___________________
Name: Todd Modic
Title: Senior Vice President, Duly Authorized
AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
VOYA EQUITY TRUST
and
VOYA INVESTMENTS, LLC
Series |
Annual Management Fee |
|
(as a percentage of average daily net assets) |
||
|
||
Voya Corporate Leaders® 100 Fund |
0.500% on first $500 million of assets; |
|
0.450% on next $500 million of assets; and |
||
|
0.400% thereafter |
|
|
|
|
|
Direct Investments1 |
|
Voya Global Income & Growth Fund |
0.750% on all assets |
|
Other Investments2 |
||
(formerly, Voya Global Multi-Asset |
||
0.400% |
||
Fund) |
||
Underlying Funds3 |
||
|
||
|
0.180% on assets |
|
|
|
|
|
0.750% on the first $1 billion of assets; |
|
|
0.725% on the next $1 billion of assets; |
|
Voya Large Cap Value Fund |
0.700% on the next $1 billion of assets; |
|
|
0.675% on the next $1 billion of assets; and |
|
|
0.650% thereafter |
|
|
|
1“Direct Investments” shall include direct interests in companies other than investment companies (e.g. stocks), securities evidencing indebtedness (e.g. bonds) that do not derive their value from another security or asset, and instruments whose value is backed by an asset.
2
3
“Other Investments” shall mean assets which are not Direct Investments or Underlying Funds.
“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” as defined in Item 17 of form N-1A, as it was in effect as of the date of this contract.
A-1
Series |
Annual Management Fee |
|
(as a percentage of average daily net assets) |
||
|
||
|
0.550% on first $500 million of assets; |
|
Voya Mid Cap Research Enhanced |
0.525% on next $250 million of assets; |
|
Index Fund |
0.500% on next $1.25 billion of assets; and |
|
|
0.475% thereafter |
|
|
|
|
|
0.850% on the first $500 million of assets; |
|
Voya MidCap Opportunities Fund |
0.800% on the next $400 million of assets; |
|
0.750% on the next $450 million of assets; and |
||
|
||
|
0.700% thereafter |
|
|
|
|
|
Actively Managed Assets4 |
|
Voya Multi-Manager Mid Cap Value |
0.800% on assets |
|
Fund |
Passively Managed Assets5 |
|
|
0.400% on assets |
|
|
|
|
Voya Small Cap Growth Fund |
0.800% on all assets |
|
|
|
|
Voya Small Company Fund |
0.750% on all assets |
|
|
|
|
Voya U.S. High Dividend |
0.290% on all assets |
|
Low Volatility Fund |
|
|
|
|
|
Voya VACS Series MCV Fund |
0.00% on all assets |
|
|
|
Effective Date: May 1, 2024, to reflect the name change from Voya Global Multi-Asset Fund to Voya Global Income & Growth Fund and the modification of the Fund’s management fee rate.
4“Actively Managed Assets” shall mean assets which are not “Passively Managed Assets.”
5“Passively Managed Assets” shall mean assets which are managed with a goal of replicating an index.
A-2