Common use of PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS Clause in Contracts

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over $1 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over $1 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.1650.165 on assets from $1 billion to $5 billion; and 0.16% on assets over $1 5 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over from $1 billion to $2 billion; and 0.245% on assets from $2 billion to $5 billion; and 0.24% on assets over $2 5 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; 0.185% on assets from $9 billion to $11 billion; and 0.190.18% on assets over $7 11 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Income Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over $1 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; and 0.195% on assets over $5 billion MainStay MacKay Unconstrained Bond Fund 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* ) 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.2250.25% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.210.24% on assets over $3 1 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; and 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 7 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.2250.25% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.210.24% on assets over $3 1 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over $1 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* ) 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* Portfolio 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* Portfolio 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Bond Portfolio* Portfolio 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; and 0.190.185% on assets over $7 9 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities S&P 500 Index Fund* 0.500.08% on assets up to $1 2.5 billion; and 0.48750.075% on assets over $1 2.5 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay VP S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over $1 billion MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; and 0.190.185% on assets over $7 9 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over from $1 billion to $2 billion; and 0.245% on assets from $2 billion to $5 billion; and 0.24% on assets over $2 5 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; 0.185% on assets from $9 billion to $11 billion; and 0.190.18% on assets over $7 11 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Income Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over from $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 5 billion; and 0.2250.24% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 5 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay XX XxxXxx U.S. Infrastructure Bond Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; and 0.190.185% on assets over $7 9 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; and 0.19% on assets over $7 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20% on all assets MainStay MacKay International Opportunities Fund* 0.55% on all assets MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.25% up to $1 billion; 0.2375% from $1 billion to $3 billion; and0.2325% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50% on assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over from $1 billion to $2 billion; and 0.245% on assets from $2 billion to $5 billion; and 0.24% on assets over $2 5 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; 0.185% on assets from $9 billion to $11 billion; and 0.190.18% on assets over $7 11 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced MacKay Arizona Muni Fund (investment sleeve)* 0.350.225% on all assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Colorado Muni Fund 0.225% on all assets FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40Oregon Muni Fund 0.225% on all assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Income Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities Fund* 0.50Utah Muni Fund 0.225% on all assets up to $1 billion; and 0.4875% on assets over $1 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over from $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 5 billion; and 0.2250.24% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 5 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay XX XxxXxx U.S. Infrastructure Bond Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain

PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS. The MainStay Funds MainStay Income Builder Fund (investment sleeve)* 0.32% on assets up to $500 million; 0.30% on assets from $500 million to $1 billion; 0.2875% on assets from $1 billion to $5 billion; and 0.2825% on assets over $5 billion* MainStay MacKay Common Stock Fund* 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay MacKay Convertible Fund* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets over $1 billion to $2 billion; and 0.245% over $2 billion MainStay MacKay High Yield Corporate Bond Fund 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $5 billion; 0.2625% on assets from $5 billion to $7 billion; 0.25% on assets from $7 billion to $10 billion; and 0.245% on assets from $10 billion to $15 billion; and 0.24% on assets over $15 billion MainStay MacKay International Equity Fund* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay MacKay Strategic Bond Fund* 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion MainStay MacKay Tax Free Bond Fund* 0.225% on assets up to $500 million; 0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion; 0.195% on assets from $5 billion to $7 billion; 0.19% on assets from $7 billion to $9 billion; and 0.190.185% on assets over $7 9 billion MainStay MacKay U.S. Infrastructure Bond Fund* 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay Funds Trust MainStay Balanced Fund (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and0.30% on assets over $2 billion MainStay MacKay California Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay MacKay Growth Fund* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay MacKay High Yield Municipal Bond Fund* 0.275% on assets up to $1 billion; 0.27% on assets from $1 billion to $3 billion; 0.265% on assets from $3 billion to $5 billion; 0.26% on assets from $5 billion to $7 billion; 0.255% on assets from $7 billion to $9 billion; and 0.25% on assets over from $9 billion MainStay MacKay Intermediate Tax Free Bond Fund* 0.20to $11 billion; 0.245% on all assets MainStay MacKay International Opportunities Fund* 0.55from $11 billion to $13 billion; 0.24% on all assets over $13 billion MainStay MacKay New York Tax Free Opportunities Fund* 0.225% on assets up to $1 billion; 0.215% on assets from $1 billion to $3 billion; and 0.21% on assets over $3 billion MainStay MacKay Small Cap Core Fund* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; 0.375% on assets over $2 billion MainStay MacKay S&P 500 Index Fund* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay MacKay Short Duration High Yield Fund* 0.325% on all assets MainStay MacKay Short Term Municipal Fund* 0.175% on assets up to $1 billion; 0.165% on assets over from $1 billion to $5 billion; and 0.16% on assets over $5 billion MainStay MacKay Strategic Municipal Allocation Fund* 0.20% on all assets MainStay MacKay Total Return Bond Fund* 0.250.225% up to $1 billion; 0.23750.22% from $1 billion to $3 billion; and0.2325and0.215% over $3 billion MainStay MacKay U.S. Equity Opportunities S&P 500 Index Fund* 0.500.08% on assets up to $1 2.5 billion; and 0.48750.075% on assets over $1 2.5 billion MainStay VP Funds Trust MainStay VP Balanced Portfolio (investment sleeve)* 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio (investment sleeve)* 0.50% on assets up to $1 billion;0.4875% on assets over $1 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay XX XxxXxx Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay XX XxxXxx Convertible Portfolio 0.30% on assets up to $500 million;0.275% on assets from $500 million to $1 billion;0.25% on assets from $1 billion to $2 billion;0.245% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay XX XxxXxx Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay XX XxxXxx Growth Portfolio* 0.35% on assets up to $500 million;0.325% on assets from $500 million to $1 billion;0.3125% on assets from $1 billion to $2 billion;0.30% on assets over $2 billion MainStay XX XxxXxx High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay XX XxxXxx International Equity Portfolio* 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay XX XxxXxx Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; 0.40% on assets from $1 billion to $2 billion; and 0.3875% on assets over $2 billion MainStay XX XxxXxx S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay XX XxxXxx Small Cap Core Portfolio* 0.40% on assets up to $1 billion; 0.3875% on assets from $1 billion to $2 billion; and0.375% on assets over $2 billion MainStay XX XxxXxx Unconstrained Strategic Bond Portfolio* 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.