EX-99.(H)(2)(II) 9 tv491208_ex99-h2ii.htm EXHIBIT (H)(2)(II)

 

Exhibit (h)(2)(ii)

 

January-2018

 

INVESTMENT COMPANY REPORTING MODERNIZATION SERVICES

AMENDMENT TO

FUND ACCOUNTING AGREEMENT

 

This Investment Company Reporting Modernization Services Amendment (the “Amendment”) is made as of February         1    , 2018 by and between the investment companies listed on the signature page hereto (each, a “Fund” and collectively, the “Funds”) and THE BANK OF NEW YORK MELLON (“BNY Mellon”).

 

BACKGROUND:

 

A.WHEREAS, the Funds and BNY Mellon are parties to a Fund Accounting Agreement dated as of January 6, 2003, as amended (the “Agreement”);

 

B.WHEREAS, this Amendment is an amendment to the Agreement and shall be applicable solely to the portfolios identified at Exhibit 1 hereto (the “Portfolios”);

 

C.WHEREAS, the Funds desire that BNY Mellon provide the investment company reporting modernization services described in this Amendment;

 

D.WHEREAS, capitalized terms used in this Amendment shall have the meanings set forth in the Agreement unless otherwise defined herein, and all forms and rules referenced herein are in reference to forms and rules promulgated under the Investment Company Act of 1940, as amended; and

 

E.WHEREAS, the Funds and BNY Mellon desire to amend the Agreement with respect to the foregoing;

 

TERMS:

 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows:

 

1.The Agreement is hereby amended to reflect that BNY Mellon shall provide the following services for the Funds:

 

1.1BNY Mellon shall provide services following a full service operating model which includes the actual filing of the reports as part of the services noted below.

 

1.2FORM N-PORT. BNY Mellon, subject to the limitations described herein and its timely receipt of all necessary information related thereto, will, or will cause the Print Vendor to: (i) collect, aggregate and normalize the data required for the submission of Form N-PORT; (ii) prepare, on a monthly basis, Form N-PORT; and (iii) file Form N-PORT with the United States Securities and Exchange Commission (“SEC”).

 

1.2.1The timely receipt of necessary information referred to above will be determined by mutual agreement of BNY Mellon and the Funds in advance of the preparation of the initial Form N-PORT pursuant to this Amendment.

 

1.2.2Unless mutually agreed in writing between BNY Mellon and the Funds, BNY Mellon will use the same layout and format for every successive reporting period for Form N-PORT.

 

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January-2018

 

1.3FORM N-CEN. BNY Mellon, subject to the limitations described herein and its timely receipt of all necessary information related thereto, will, or will cause the Print Vendor to: (i) collect, aggregate and normalize the data required for the submission of Form N-CEN; (ii) prepare, on an annual basis, Form N-CEN; and (iii) file Form N-CEN with the SEC.

 

1.3.1The timely receipt of necessary information referred to above will be determined by mutual agreement of BNY Mellon and the Funds in advance of the preparation of the initial Form N-CEN pursuant to this Amendment.

 

1.3.2Unless mutually agreed in writing between BNY Mellon and the Funds, BNY Mellon will use the same source for obtaining the information and method for performing the required calculations for every successive reporting period for Form N-CEN.

 

1.4Fixed Income Risk Analytics. BNY Mellon shall calculate the portfolio and security-level risk metrics required within Form N-PORT and Form N-CEN (referenced above).

 

2.BNY Mellon has entered into an agreement with a financial printer (the “Print Vendor”) for the Print Vendor to provide to BNY Mellon the ability to generate the reports described herein for its clients. BNY Mellon will provide the Funds with no less than one-hundred and eighty (180) days’ advance notice if BNY Mellon is unable to provide such services as contemplated herein due to an inability to contract with a Print Vendor to provide the necessary functionality to support such services. Upon communication of such information, the Funds may terminate this Amendment by giving BNY Mellon a termination notice in writing specifying the date of such termination. If BNY Mellon is unable to provide such services as contemplated herein, BNY Mellon also agrees to waive any fees it would otherwise be able to collect under the agreement and would return to the Funds any fees already paid for services not yet performed.

 

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January-2018

 

3.Except to the extent caused by the lack of good faith, willful misconduct, or negligence of BNY Mellon and/or its agents in carrying out its duties and responsibilities under this Amendment, BNY Mellon shall not be responsible for: (a) delays in the transmission to it by the Funds, the Funds’ adviser and entities unaffiliated with BNY Mellon (collectively, for this Amendment, “Third Parties”) of data required for the preparation of reports described herein, (b) inaccuracies of, errors in or omissions of, such data provided to it by any Third Party, and (c) validation of such data provided to it by any Third Party. This Section 3 is a limitation of responsibility provision for the benefit of BNY Mellon, and shall not be used to imply any responsibility or liability against BNY Mellon.

 

4.The Funds, in a timely manner, shall review and comment on, and, as the Funds deem necessary, cause their counsel and/or accountants to review and comment on, each report described herein. The Funds shall provide timely sign-off of, and authorization and direction to file, each such report. Absent such timely sign-off, authorization and direction by the Funds, BNY Mellon shall be excused from its obligations to file the affected report, but only until such time as BNY Mellon receives such sign-off, authorization and direction by the Funds, at which point BNY Mellon shall promptly file the report. BNY Mellon is providing the services related to the filing of such reports based on the acknowledgement of the Funds that such services, together with the activities of the Funds in accordance with their internal policies, procedures and controls, shall together satisfy the requirements of the applicable rules and regulations for each such report.

 

5.The Funds shall be responsible for the retention of the filed reports described herein in accordance with any applicable rule or regulation.

 

6.Notwithstanding any provision of this Amendment, the services described herein are not, nor shall they be construed as constituting, legal advice or the provision of legal services for or on behalf of the Funds or any other person. Neither this Amendment nor the provision of the services establishes or is intended to establish an attorney-client relationship between BNY Mellon and the Funds or any other person.

 

7.As compensation for the services described herein, the Funds will pay to BNY Mellon such fees as may be agreed to in writing by the Funds and BNY Mellon. In turn, BNY Mellon will be responsible for paying the Print Vendor’s fees. For the avoidance of doubt, the fees charged by the Print Vendor will not equal the fees charged by BNY Mellon, nor shall such fees be considered an out-of-pocket expense; BNY Mellon anticipates that the fees it charges hereunder will be more than the fees charged to it by the Print Vendor.

 

8.Miscellaneous.

 

(a)As hereby amended and supplemented, the Agreement shall remain in full force and effect. In the event of a conflict between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall control with respect to the services described herein.

 

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January-2018

 

(b)This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The facsimile signature of any party to this Amendment shall constitute the valid and binding execution hereof by such party.

 

(c)If any provision or provisions of this Amendment shall be held to be invalid, unlawful or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired.

 

(Signature page follows.)

 

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January-2018

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers designated below on the date and year first above written.

 

ON BEHALF OF EACH FUND IDENTIFIED  
ON EXHIBIT 1 ATTACHED HERETO  
   
By: /s/ Todd Modic  
Name: Todd Modic  
Title: Senior Vice President  
   
THE BANK OF NEW YORK MELLON  
   
By: /s/ Peter G. Rigopoulos  
Name: Peter G. Rigopoulos  
Title: Senior Principal, Relationship Executive  

 

Date: February 1, 2018

 

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EXHIBIT 1

 

Fund  
Voya Asia Pacific High Dividend Equity Income Fund  
   
Voya Balanced Portfolio, Inc.  
Voya Balanced Portfolio  
   
Voya Corporate Leaders Trust Fund  
Voya Corporate Leaders® Trust Fund – Series B  
   
Voya Emerging Markets High Dividend Equity Fund  
   
Voya Equity Trust  
Voya Large-Cap Growth Fund  
Voya Large Cap Value Fund  
Voya MidCap Opportunities Fund  
Voya Multi-Manager Mid Cap Value Fund  
Voya Real Estate Fund  
Voya SmallCap Opportunities Fund  
Voya SMID Cap Growth Fund  
Voya U.S. High Dividend Low Volatility Fund  
   
Voya Funds Trust  
Voya GNMA Income Fund  
Voya High Yield Bond Fund  
Voya Intermediate Bond Fund  
Voya Short Term Bond Fund  
Voya Strategic Income Opportunities Fund  
   
Voya Global Advantage and Premium Opportunity Fund  
   
Voya Global Equity Dividend and Premium Opportunity Fund  
   
Voya Infrastructure, Industrials and Materials Fund  
   
Voya Intermediate Bond Portfolio  
   
Voya International High Dividend Equity Income Fund  
   
Voya Investors Trust  
VY® BlackRock Inflation Protected Bond Portfolio  
VY® Clarion Global Real Estate Portfolio  
VY® Clarion Real Estate Portfolio  
VY® Franklin Income Portfolio  
Voya Global Perspectives® Portfolio  
Voya High Yield Portfolio  
VY® Invesco Growth and Income Portfolio  
VY® JPMorgan Emerging Markets Equity Portfolio  
VY® JPMorgan Small Cap Core Equity Portfolio  

 

 

 

 

Fund  
Voya Large Cap Growth Portfolio  
Voya Large Cap Value Portfolio  
Voya Limited Maturity Bond Portfolio  
VY® Morgan Stanley Global Franchise Portfolio  
Voya Multi-Manager Large Cap Core Portfolio  
Voya Retirement Conservative Portfolio  
Voya Retirement Growth Portfolio  
Voya Retirement Moderate Growth Portfolio  
Voya Retirement Moderate Portfolio  
VY® T. Rowe Price Capital Appreciation Portfolio  
VY® T. Rowe Price Equity Income Portfolio  
VY® T. Rowe Price International Stock Portfolio  
VY® Templeton Global Growth Portfolio  
Voya U.S. Stock Index Portfolio  
   
Voya Mutual Funds  
Voya CBRE Global Infrastructure Fund  
Voya CBRE Long/Short Fund  
Voya Diversified Emerging Markets Debt Fund  
Voya Global Bond Fund  
Voya Global Corporate Leaders® 100 Fund  
Voya Global Equity Dividend Fund  
Voya Global Equity Fund  
Voya Global High Dividend Low Volatility Fund  
Voya Global Perspectives® Fund  
Voya Global Real Estate Fund  
Voya International Real Estate Fund  
Voya Multi-Manager Emerging Markets Equity Fund  
Voya Multi-Manager International Equity Fund  
Voya Multi-Manager International Factors Fund  
Voya Multi-Manager International Small Cap Fund  
Voya Russia Fund  
   
Voya Natural Resources Equity Income Fund  
   
Voya Partners, Inc.  
VY® American Century Small-Mid Cap Value Portfolio  
VY® Baron Growth Portfolio  
VY® Columbia Contrarian Core Portfolio  
VY® Columbia Small Cap Value II Portfolio  
Voya Global Bond Portfolio  
Voya Index Solution 2020 Portfolio  
Voya Index Solution 2025 Portfolio  
Voya Index Solution 2030 Portfolio  
Voya Index Solution 2035 Portfolio  
Voya Index Solution 2040 Portfolio  
Voya Index Solution 2045 Portfolio  
Voya Index Solution 2050 Portfolio  

 

 

 

 

Fund  
Voya Index Solution 2055 Portfolio  
Voya Index Solution 2060 Portfolio  
Voya Index Solution Income Portfolio  
VY® Invesco Comstock Portfolio  
VY® Invesco Equity and Income Portfolio  
VY® JPMorgan Mid Cap Value Portfolio  
VY® Oppenheimer Global Portfolio  
VY® Pioneer High Yield Portfolio  
Voya Solution 2020 Portfolio  
Voya Solution 2025 Portfolio  
Voya Solution 2030 Portfolio  
Voya Solution 2035 Portfolio  
Voya Solution 2040 Portfolio  
Voya Solution 2045 Portfolio  
Voya Solution 2050 Portfolio  
Voya Solution 2055 Portfolio  
Voya Solution 2060 Portfolio  
Voya Solution Aggressive Portfolio  
Voya Solution Balanced Portfolio  
Voya Solution Conservative Portfolio  
Voya Solution Income Portfolio  
Voya Solution Moderately Aggressive Portfolio  
Voya Solution Moderately Conservative Portfolio  
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio  
VY® T. Rowe Price Growth Equity Portfolio  
VY® Templeton Foreign Equity Portfolio  
   
Voya Separate Portfolios Trust  
Voya Emerging Markets Corporate Debt Fund  
Voya Emerging Markets Hard Currency Debt Fund  
Voya Emerging Markets Local Currency Debt Fund  
Voya Investment Grade Credit Fund  
Voya Securitized Credit Fund  
Voya Target In-Retirement Fund  
Voya Target Retirement 2020 Fund  
Voya Target Retirement 2025 Fund  
Voya Target Retirement 2030 Fund  
Voya Target Retirement 2035 Fund  
Voya Target Retirement 2040 Fund  
Voya Target Retirement 2045 Fund  
Voya Target Retirement 2050 Fund  
Voya Target Retirement 2055 Fund  
Voya Target Retirement 2060 Fund  
   
Voya Series Fund, Inc.  
Voya Global Multi-Asset Fund  
Voya Corporate Leaders® 100 Fund  
Voya Global Target Payment Fund  

 

 

 

 

Fund  
Voya Mid Cap Research Enhanced Index Fund  
Voya Small Company Fund  
   
Voya Strategic Allocation Portfolios, Inc.  
Voya Strategic Allocation Conservative Portfolio  
Voya Strategic Allocation Growth Portfolio  
Voya Strategic Allocation Moderate Portfolio  
   
Voya Variable Funds  
Voya Growth and Income Portfolio  
   
Voya Variable Insurance Trust  
VY® Goldman Sachs Bond Portfolio  
   
Voya Variable Portfolios, Inc.  
Voya Australia Index Portfolio  
Voya Emerging Markets Index Portfolio  
Voya Euro STOXX 50® Index Portfolio  
Voya FTSE 100 Index® Portfolio  
Voya Global Equity Portfolio  
Voya Hang Seng Index Portfolio  
Voya Index Plus LargeCap Portfolio  
Voya Index Plus MidCap Portfolio  
Voya Index Plus SmallCap Portfolio  
Voya International Index Portfolio  
Voya Japan TOPIX Index® Portfolio  
Voya Russell™ Large Cap Growth Index Portfolio  
Voya Russell™ Large Cap Index Portfolio  
Voya Russell™ Large Cap Value Index Portfolio  
Voya Russell™ Mid Cap Growth Index Portfolio  
Voya Russell™ Mid Cap Index Portfolio  
Voya Russell™ Small Cap Index Portfolio  
Voya Small Company Portfolio  
Voya U.S. Bond Index Portfolio  
   
Voya Variable Products Trust  
Voya MidCap Opportunities Portfolio  
Voya SmallCap Opportunities Portfolio