Exhibit (g)(2)(iii)
July 13, 2021
Dayton Krzanik
VP Team Leader
The Bank of New York Mellon
100 Colonial Center Parkway
Lake Mary, FL 32746
Re: IPO/BID Processing for the Voya Funds (see Appendix A for list of accounts)
Dear Dayton:
The Bank of New York Mellon ("BNY Mellon") serves as custodian for the Voya Funds (see Appendix A for list of accounts) (the "Client"). From time to time an investment manager or other authorized person acting on behalf of the Client may desire for the Client to participate in certain initial public offerings, private placements, auctions or similar events relating to the purchase of securities or for the sale (buy back) of securities ("Bid" or "Bids" as the context so requires) where BNY Mellon maintains subcustodian arrangements through which such Bids will be submitted directly by the applicable local subcustodians. The undersigned, duly authorized to act on behalf of the Client, hereby directs BNY Mellon to assist with this process in those markets where the Client can only subscribe to Bids through the use of a local subcustodian.
The undersigned understands and agrees that it is the responsibility of the Client and its authorized person, and not that of BNY Mellon and/or its subcustodians or agents, to ensure that all Bids instructed are undertaken in accordance with all local laws and regulations (including, but not limited to, any investment limits and any restrictions or regulations applicable to foreign financial institutions).
The undersigned hereby expressly understands and agrees that instructions on behalf of the Client regarding Bids will involve payment for such Bids, and the undersigned on behalf of the Client hereby represents and agrees that that sufficient funds in the applicable currency shall be available by the required date in the applicable Client account on BNY Mellon's books and records in accordance with local issuer and market requirements and practice. The undersigned further understands and agrees that, depending on local issuer and market requirements and practice, failure to ensure that sufficient funds in the applicable currency are available by the required date in the applicable Client account on BNY Mellon's books and records may result in the application for any such Bid being withheld, withdrawn, or default funding procedures being automatically implemented without prior notice to the Client, its investment manager or other authorized person. Where default funding procedures are implemented, the undersigned understands and agrees that the Client will be solely responsible and liable for any and all costs, expenses and losses relating to any such default funding, any additional funding arrangements that may have already been made or that may be required to be made, and for any additional arrangements that may further be required to remedy or correct any deficiency in funding, including but not limited to any costs, expenses, losses or deficiencies associated with foreign exchange. The undersigned understands and agrees that payments associated with any such Bids may include the full subscription amount with respect to any such Bids, and that prior to the closing subscription date or shares allocation date for a Bid, Client cash may be encumbered in an amount sufficient to cover the full payment amount, even though the full amount of the requested Bid may not be accepted. The undersigned on behalf of the Client understands and agrees that instructions to bid for buy backs on the Client's behalf will involve ensuring that the securities subject to the buy back are timely available for sale, unencumbered and free of any lien,
July 13, 2021
Page 2
and that the receipt of funds resulting from the sale will be credited in the currency received from the issuer or market in accordance with the terms of the buy back and local issuer and market practice.
The undersigned authorizes and directs BNY Mellon and/or its subcustodian to complete certain applications and/or make certain representations to which the undersigned, the Client or other person will be obligated. Further, the undersigned agrees that BNY Mellon and its subcustodian will (i) not interpret bidding or buy back or other rules, and (ii) submit such necessary Bid applications, instructions and directions and any other materials in its capacity as a service provider to the Client and not in BNY Mellon's individual capacity. The undersigned agrees to reimburse, or cause to be reimbursed, BNY Mellon and/or its subcustodians for any costs, expenses or losses incurred in connection therewith. Further, the undersigned agrees that while BNY Mellon and/or its subcustodian shall exercise reasonable efforts to submit all Bids for which it receives timely direction and related documents, it does not make any guarantees, representations or warranties with respect to its discharge of such duties. In the event of any errors or omissions in the performance of the Bid submissions, the Client's (including any and all persons acting for or on behalf of the Client) sole and exclusive remedy and the sole liability of BNY Mellon and/or its subcustodian, shall be limited to re-performance of the Bids submission, if practicable, at no cost to the Client.
This letter is applicable to those markets for which an authorized person acting on behalf of the Client desires for the Client to participate in Bids associated with certain markets where such Bids are to be submitted through the use of a local subcustodian, as more fully described above.
BNY Mellon is hereby authorized and directed to follow the directions provided through this letter unless and until such directions are modified by written notice and direction of an authorized party acting on behalf of the Client.
The undersigned hereby represents and warrants to BNY Mellon that the undersigned is duly authorized to act on behalf of the Client (including, without limitation, to execute this letter on behalf of the Client).
Sincerely,
By: /s/ Fred Bedoya
Fred Bedoya
Vice President
|
APPENDIX A |
|
|
Account |
Fund Name and Sleeve, as noted |
Number | |
405906 |
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND COMP |
405909 |
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND DERIV |
405907 |
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND EQUITY |
405867 |
VOYA BALANCED INCOME PORTFOLIO |
405874 |
VOYA BALANCED INCOME PORTFOLIO CASH |
405871 |
VOYA BALANCED INCOME PORTFOLIO INTL HDLV |
405872 |
VOYA BALANCED INCOME PORTFOLIO MASS |
405868 |
VOYA BALANCED INCOME PORTFOLIO SIO |
405870 |
VOYA BALANCED INCOME PORTFOLIO US HDLV |
464428 |
VOYA BALANCED PORTFOLIO |
471439 |
VOYA BALANCED PORTFOLIO COMPOSITE |
472950 |
VOYA BALANCED PORTFOLIO HIGH YIELD |
471480 |
VOYA BALANCED PORTFOLIO INCOME STRAT CASH ACCOUNT |
471948 |
VOYA BALANCED PORTFOLIO INTL VALUE |
472969 |
VOYA BALANCED PORTFOLIO LARGE CAP VALUE |
471442 |
VOYA BALANCED PORTFOLIO MASS |
471441 |
VOYA BALANCED PORTFOLIO MID CAP |
472949 |
VOYA BALANCED PORTFOLIO MID CAP VALUE |
471161 |
VOYA CORPORATE LEADERS 100 FUND |
464756 |
VOYA CORPORATE LEADERS TRUST FUND SERIES B |
472953 |
VOYA EMERGING MARKETS CORPORATE DEBT FUND |
472951 |
VOYA EMERGING MARKETS HARD CURRENCY DEBT FUND |
405899 |
VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND COMP |
405904 |
VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND DERIV |
405901 |
VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND EQUITY |
472592 |
VOYA EMERGING MARKETS INDEX PORTFOLIO |
472952 |
VOYA EMERGING MARKETS LOCAL CURRENCY DEBT FUND |
405880 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND COMP |
405886 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND DERIV |
405883 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND EQUITY |
|
VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND |
405889 |
COMP |
|
VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND |
405892 |
DERIV |
|
VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND |
405890 |
EQUITY |
464773 |
VOYA GLOBAL BOND FUND |
464548 |
VOYA GLOBAL BOND PORTFOLIO |
471174 |
VOYA GLOBAL DIVERSIFIED PAYMENT FUND |
464218 |
VOYA GLOBAL HIGH DIVIDEND LOW VOLATILITY FUND |
464217 |
VOYA GLOBAL HIGH DIVIDEND LOW VOLATILITY FUND COMPOSITE |
Account |
Fund Name and Sleeve, as noted |
Number | |
471145 |
VOYA GLOBAL HIGH DIVIDEND LOW VOLATILITY PORTFOLIO |
464722 |
VOYA GLOBAL MULTI-ASSET FUND |
473352 |
VOYA GLOBAL PERSPECTIVES FUND |
473354 |
VOYA GLOBAL PERSPECTIVES PORTFOLIO |
464012 |
VOYA GNMA INCOME FUND |
058081 |
VOYA GOVERNMENT LIQUID ASSETS PORTFOLIO |
464064 |
VOYA GOVERNMENT MONEY MARKET FUND |
464412 |
VOYA GOVERNMENT MONEY MARKET PORTFOLIO |
471403 |
VOYA GROWTH AND INCOME PORTFOLIO COMPOSITE |
464402 |
VOYA GROWTH AND INCOME PORTFOLIO |
464010 |
VOYA HIGH YIELD BOND FUND |
464018 |
VOYA HIGH YIELD PORTFOLIO |
464406 |
VOYA INDEX PLUS LARGECAP PORTFOLIO |
464408 |
VOYA INDEX PLUS MIDCAP PORTFOLIO |
464410 |
VOYA INDEX PLUS SMALLCAP PORTFOLIO |
471149 |
VOYA INFRASTRUCTURE, INDUSTIRALS AND MATERIALS FUND |
|
VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND |
471153 |
COMPOSITE |
|
VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND |
471155 |
DERVIVATIVE |
464006 |
VOYA INTERMEDIATE BOND FUND |
464400 |
VOYA INTERMEDIATE BOND PORTFOLIO |
473009 |
VOYA INTERNATIONAL HIGH DIVIDEND LOW VOLATILITY FUND |
471167 |
VOYA INTERNATIONAL INDEX PORTFOLIO |
405916 |
VOYA INTERNATONAL HIGH DIVIDEND LOW VOLATILITY PORTFOLIO |
470568 |
VOYA INVESTMENT GRADE CREDIT FUND |
464706 |
VOYA LARGE CAP GROWTH PORTFOLIO |
471164 |
VOYA LARGE CAP VALUE FUND |
470567 |
VOYA LARGE CAP VALUE PORTFOLIO |
464733 |
VOYA LARGE-CAP GROWTH FUND |
058082 |
VOYA LIMITED MATURITY BOND PORTFOLIO |
464727 |
VOYA MID CAP RESEARCH ENHANCED INDEX FUND |
464741 |
VOYA MIDCAP OPPORTUNITIES FUND |
464444 |
VOYA MIDCAP OPPORTUNITIES PORTFOLIO |
|
VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND |
472158 |
COMPOSITE |
472394 |
VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND DELAWARE |
941478 |
VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND VIL |
473280 |
VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND VAN ECK |
405972 |
VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND VIM |
472492 |
VOYA MULTI-MANAGER INTERNATIONAL EQUITY FUND BALGIF |
472499 |
VOYA MULTI-MANAGER INTERNATIONAL EQUITY FUND COMPOSITE |
941469 |
VOYA MULTI-MANAGER INTERNATIONAL EQUITY FUND POLARIS |
Account |
Fund Name and Sleeve, as noted |
Number | |
941473 |
VOYA MULTI-MANAGER INTERNATIONAL EQUITY FUND VIL |
941468 |
VOYA MULTI-MANAGER INTERNATIONAL EQUITY FUND WELLINGTON |
472496 |
VOYA MULTI-MANAGER INTERNATIONAL FACTORS FUND COMPOSITE |
938465 |
VOYA MULTI-MANAGER INTERNATIONAL FACTORS FUND PANAGORA |
941482 |
VOYA MULTI-MANAGER INTERNATIONAL FACTORS FUND VIL |
941467 |
VOYA MULTI-MANAGER INTERNATIONAL FACTORS FUND VIM |
464216 |
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND ACADIAN |
464301 |
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND COMPOSITE |
472970 |
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND VICTORY |
941477 |
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND VIL |
472138 |
VOYA MULTI-MANAGER MID CAP VALUE FUND COMPOSITE |
472391 |
VOYA MULTI-MANAGER MID CAP VALUE FUND HAHN |
473941 |
VOYA MULTI-MANAGER MID CAP VALUE FUND LSV |
941479 |
VOYA MULTI-MANAGER MID CAP VALUE FUND VIL |
402229 |
VOYA MULTI-MANAGER MID CAP VALUE FUND VIM |
471346 |
VOYA RUSSELL LARGE CAP GROWTH INDEX PORTFOLIO |
471172 |
VOYA RUSSELL LARGE CAP INDEX PORTFOLIO |
471352 |
VOYA RUSSELL LARGE CAP VALUE INDEX PORTFOLIO |
471354 |
VOYA RUSSELL MID CAP GROWTH INDEX PORTFOLIO |
471168 |
VOYA RUSSELL MID CAP INDEX PORTFOLIO |
471166 |
VOYA RUSSELL SMALL CAP INDEX PORTFOLIO |
464208 |
VOYA RUSSIA FUND |
473625 |
VOYA SECURITIZED CREDIT FUND RMB |
473626 |
VOYA SECURITIZED CREDIT FUND AB |
473624 |
VOYA SECURITIZED CREDIT FUND CMB |
473623 |
VOYA SECURITIZED CREDIT FUND COMPOSITE |
473628 |
VOYA SECURITIZED CREDIT FUND OVERLAY |
473565 |
VOYA SHORT TERM BOND FUND |
464729 |
VOYA SMALL COMPANY FUND |
464414 |
VOYA SMALL COMPANY PORTFOLIO |
464743 |
VOYA SMALLCAP OPPORTUNITIES FUND |
464450 |
VOYA SMALLCAP OPPORTUNITIES PORTFOLIO |
473423 |
VOYA STRATEGIC INCOME OPPORTUNITIES FUND |
473318 |
VOYA STRATEGIC INCOME OPPORTUNITIES FUND-COMPOSITE |
473316 |
VOYA STRATEGIC INCOME OPPORTUNITIES FUND-LOAN ACCOUNT |
471169 |
VOYA US BOND INDEX PORTFOLIO |
473010 |
VOYA US HIGH DIVIDEND LOW VOLATILITY FUND |
464701 |
VOYA US STOCK INDEX PORTFOLIO |
|
VY AMERICAN CENTURY SMALL-MID CAP VALUE PORTFOLIO (MID CAP |
464521 |
SLEEVE) |
|
VY AMERICAN CENTURY SMALL-MID CAP VALUE PORTFOLIO (SMALL |
464515 |
CAP SLEEVE) |
Account |
Fund Name and Sleeve, as noted |
Number | |
|
VY AMERICAN CENTURY SMALL-MID CAP VALUE PORTFOLIO |
464501 |
COMPOSITE |
464504 |
VY BARON GROWTH PORTFOLIO |
470551 |
VY BLACKROCK INFLATION PROTECTED BOND PORTFOLIO |
405973 |
VY BRANDYWINEGLOBAL BOND PORTFOLIO |
464280 |
VY CLARION GLOBAL REAL ESTATE PORTFOLIO |
058086 |
VY CLARION REAL ESTATE PORTFOLIO |
464546 |
VY COLUMBIA CONTRARIAN CORE PORTFOLIO |
471329 |
VY COLUMBIA SMALL CAP VALUE II PORTFOLIO COMPOSITE |
464785 |
VY COLUMBIA SMALL CAP VALUE II PORTFOLIO |
464512 |
VY INVESCO COMSTOCK PORTFOLIO |
464536 |
VY INVESCO EQUITY AND INCOME PORTFOLIO |
464508 |
VY INVESCO GLOBAL PORTFOLIO |
058090 |
VY INVESCO GROWTH AND INCOME PORTFOLIO |
058096 |
VY JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO |
464506 |
VYJPMORGAN MID CAP VALUE PORTFOLIO |
464550 |
VY JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO COMPOSITE |
464552 |
VY JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO FUNDAM |
464554 |
VY JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO QUANT |
279605 |
VY MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO |
058084 |
VY T. ROWE PRICE CAPITAL APPRECIATION.PORTFOLIO |
464534 |
VY T. ROWE PRICE DIVERSIFIED MID CAP GROWTH PORTFOLIO |
058087 |
VY T. ROWE PRICE EQUITY INCOME.PORTFOLIO |
464530 |
VY T. ROWE PRICE GROWTH EQUITY PORTFOLIO |
464576 |
VY T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO |