EX-99 2 f6220d2.htm EX-99. (G)(1)(I) PDFtoHTML Conversion Output

(G)(1)(i)

AMENDED SCHEDULE B

with respect to the

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT

between

VOYA SENIOR INCOME FUND

and

VOYA INVESTMENTS, LLC

EXCLUDED SERVICES

As set forth in Section 2 of this Agreement, the direct provision of the following services shall be deemed to be outside the scope of this Agreement.

1.Underwriting or distribution services of the sort provided by the underwriter or distributor to a Series

2.Distribution or shareholder services provided to a Series pursuant to a plan, whether or not adopted under Rule 12b-1 promulgated under the 1940 Act

3.Custody services such as those currently provided by The Bank of New York Mellon and State Street Bank

4.Fund accounting services of the sort currently provided by The Bank of New York Mellon and State Street Bank, inclusive of pricing services utilized by the fund accounting agents

5.Transfer agency and recordkeeping services provided by various brokers/dealers and other intermediaries

6.Transfer agency services such as those currently provided by The Bank of New York Mellon and Computershare Limited

7.Printing and postage for shareholder reports, prospectuses and statements of additional information such as is currently provided by Merrill Corporation, Universal Wilde, RR Donnelley & Sons Company and Broadridge Financial Solutions, Inc.

8.External counsel and legal services such as those currently provided to the Trust or to the Independent Trustees by Ropes & Gray LLP and K&L Gates LLP

9.Audits and semi-annual reviews of financial statements, prospectuses and Form N-14 filings such as those currently provided by Ernst & Young LLP

10.Tax consulting services, review of tax compliance and other tax services such as those currently provided by Ernst & Young LLP

11.Fair value pricing services such as those currently provided by ICE Data Pricing & Reference Data, LLC

B-1

(G)(1)(i)

12.Proxy tabulation and solicitation services related to shareholder meetings for a Series, such as those currently provided by Broadridge Financial Solutions, Inc. and/or Computershare Limited

13.Identifying and tracking services for wash sales activity such as those currently provided by Gainskeeper (Wolters Kluwer Financial Services, Inc.)

14.Brokerage services

15.Attribution and risk analysis services provided in support of the Chief Investment Risk Officer such as those currently provided by the Bank of New York-Wilshire Atlas/Axiom Attribution and Risk Analysis System

16.Recordkeeping services related to the Director/Trustee deferred compensation plan such as those currently provided by Pen-Cal Administrators

17.Call center services related to phone representatives that service existing fund shareholders of record such as those currently provided by The Bank of New York Mellon Services

18.Consultants hired at the request of the Board of Directors/Trustees to advise them

19.Administrative Services that are not reasonably necessary for the ordinary operation of each Series as of January 1, 2015, but that may be required in the future

B-2

(G)(1)(i)

AMENDED SCHEDULE C

with respect to the

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT

between

VOYA SENIOR INCOME FUND

and

VOYA INVESTMENTS, LLC

EXPENSES

 

 

 

 

EXPENSE

 

CURRENT

 

 

 

 

% Borne

 

 

 

#

 

 

ITEM

 

VENDORS

 

DESCRIPTION

 

by Manager

 

ALLOCATION NOTE

 

Allocated Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

General Services

 

 

Ernst & Young LLP

 

 

Affiliated sub-custodian

 

 

50%

 

 

 

 

 

 

 

 

 

(17f-2 Audit Fees)

 

 

account test work

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund Accounting/

 

 

 

 

 

Industry Classification for

 

 

 

 

 

 

 

 

2

 

 

Financial

 

 

Morgan Stanley GICS

 

 

equity securities for

 

 

50%

 

 

Voya funds' portion is limited

 

 

 

 

Reporting

 

 

Direct License

 

 

financial reporting

 

 

 

 

to a maximum of $40,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Services

 

 

 

 

 

purposes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund Accounting/

 

 

 

 

 

Aggregated benchmark

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

data (returns). Data is used

 

 

 

 

 

 

 

 

 

 

 

Financial

 

 

RIMES Technologies

 

 

 

 

 

 

 

 

 

 

3

 

 

 

 

 

 

in Voya funds' annual and

 

 

60%

 

 

 

 

 

 

 

Reporting

 

 

Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

semi-annual reports and

 

 

 

 

 

 

 

 

 

 

 

Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

prospectuses.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proxy Voting

 

 

Institutional

 

 

Proxy Advisory Services

 

 

 

 

 

 

 

 

4

 

 

 

 

Shareholder Services

 

 

 

 

50%

 

 

 

 

 

 

 

Services

 

 

 

 

and Voting Agent Service

 

 

 

 

 

 

 

 

 

 

 

 

(ISS, Inc.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

 

 

Proxy Voting

 

 

Farient

 

 

Proxy Analysis

 

 

50%

 

 

 

 

 

 

 

Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bloomberg /

 

 

 

 

 

 

 

 

Allocation to the Voya funds

 

 

 

 

 

 

 

 

Morningstar / NYSE /

 

 

Market Data Service

 

 

 

 

 

is based on Board

 

 

6

 

 

Finance Services

 

 

Strategic Insight /

 

 

Providers (Non-CIRO

 

 

95%

 

 

usage/subscriptions. Only

 

 

 

 

 

 

 

 

Institutional Investor /

 

 

usage)

 

 

 

 

 

actual Board usage costs are

 

 

 

 

 

 

 

 

Etc.

 

 

 

 

 

 

 

 

allocated to the Voya funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voya funds' portion is limited

 

 

 

 

Industry

 

 

Investment Company

 

 

 

 

 

 

 

 

to a maximum of the fee paid

 

7

 

 

 

 

 

 

General membership fees

 

 

90%

 

 

by the Voya funds for Mutual

 

 

 

Association Dues

 

 

Institute

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Funds Directors Forum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

membership.

C-1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(G)(1)(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSE

 

CURRENT

 

 

 

 

% Borne

 

 

 

 

#

 

 

ITEM

 

VENDORS

 

DESCRIPTION

 

by Manager

 

ALLOCATION NOTE

 

Allocated Expenses, continued

 

 

 

 

 

 

 

 

 

 

 

8

 

 

Chief Investment

 

 

Chief Investment Risk

 

 

Costs associated with the

 

 

40%

 

 

Overhead2

items are allocable

 

 

 

 

Risk Officer1

 

 

Officer (CIRO)

 

 

CIRO function

 

 

 

 

to the Manager.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chief Compliance

 

 

Office of the Chief

 

 

 

 

 

 

 

 

Overhead2

items are allocable

 

 

9

 

 

 

 

Compliance Officer

 

 

CCO Function

 

 

0%

 

 

 

 

 

 

Officer1

 

 

 

 

 

 

 

 

to the Manager.

 

 

 

 

 

 

 

(CCO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voya Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software application to

 

 

 

 

 

 

 

 

 

10

 

 

General Services

 

 

Confluence

 

 

assist in monitoring the

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

budgets and the accruals of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

expenses of mutual funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic system for

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

calculation of fund fees

 

 

 

 

 

 

 

 

 

11

 

 

General Services

 

 

Bonaire

 

 

and payments to sub-

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

advisers. Annual license

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic system for Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compliance - monthly

 

 

 

 

 

 

 

 

 

12

 

 

Fund Compliance

 

 

Albridge

 

 

compliance checklist

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

process. Annual license

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

 

 

Fund Compliance

 

 

Bank of New York

 

 

Money Market Stress

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

Testing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proxy Voting

 

 

Institutional

 

 

Securities Class Action

 

 

 

 

 

 

 

 

 

14

 

 

 

 

Shareholder Services

 

 

 

 

100%

 

 

 

 

 

 

 

 

Services

 

 

 

 

Service – (SCAS)

 

 

 

 

 

 

 

 

 

 

 

 

 

(ISS, Inc.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proxy Voting

 

 

Institutional

 

 

US & Global Custom

 

 

 

 

 

 

 

 

 

15

 

 

 

 

Shareholder Services

 

 

Voting Agent Services /

 

 

100%

 

 

 

 

 

 

 

 

Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ISS, Inc.)

 

 

Vote Disclosure Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

2

CIRO and CCO costs are considered "extraordinary expenses" and are therefore excluded from expenses that are subject to the Funds' Expense Limitation Agreements.

Overhead includes the costs associated with the following items; technology (except for Market Data Services and any IT Software expenses that are for the sole use of the CIRO or CCO); facilities; equipment; printing; and postage.

C-2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(G)(1)(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSE

 

CURRENT

 

 

 

 

% Borne

 

#

 

 

ITEM

 

VENDORS

 

DESCRIPTION

 

by Manager

ALLOCATION NOTE

 

Voya Expenses, continued

 

 

 

 

 

 

 

 

 

 

 

16

 

 

Operational

 

 

Eagle Pace

 

 

Fund Data Warehouse -

 

 

100%

 

 

 

 

 

Services

 

 

 

 

Annual License Agreement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Bank of New

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

York- Wilshire

 

 

 

 

 

 

 

 

 

17

 

 

Management/

 

 

Atlas/Axiom

 

 

Attribution Analysis

 

 

100%

 

 

 

 

 

Development

 

 

Attribution and Risk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Services

 

 

Analysis System -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voya Use

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External counsel and legal

 

 

 

 

 

 

18

 

 

Legal Services

 

 

Dechert LLP (External

 

 

services provided to Voya

 

 

100%

 

 

 

 

 

 

 

Legal Fees)

 

 

regarding Advisory/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Administrative Matters

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voya Funds Services,

 

 

Legal services for

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and the Voya

 

 

 

 

 

 

19

 

 

Legal Services

 

 

LLC (Internal Legal

 

 

 

 

100%

 

 

 

 

 

 

 

 

 

funds performed by

 

 

 

 

 

 

 

 

 

 

 

Fees)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Internal Legal Staff

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Online Board Document

 

 

 

 

 

 

20

 

 

Legal Services

 

 

Diligent Boardbooks

 

 

Management System for

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

Board Meeting Materials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Content Management

 

 

 

 

 

 

21

 

 

Legal Services

 

 

ARC System

 

 

System for Registration

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

Statement Production

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22

 

 

Legal Services

 

 

Abel Noser

 

 

Trade Cost Analysis

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23

 

 

Legal Services

 

 

Board IQ / Ignites

 

 

Industry Publications

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

 

 

Advisory Services

 

 

Manager or Sub-

 

 

 

 

100%

 

 

 

 

 

 

 

Adviser

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C-3