NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENTThis Amendment to the Amended and Restated Management Agreement, is effective as of the 18th day of December, 2024 between New York Life Investments VP Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of its series as set forth on Schedule A (each, a “Portfolio” and collectively, the “Portfolios”), and New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”).
WHEREAS, the parties hereto have entered into an Amended and Restated Management Agreement, dated May 1, 2015, as amended (the “Agreement”); and
WHEREAS, the Trust and the Manager hereby wish to amend Schedule A of the Agreement to reflect the additions of NYLI VP MFS® Investors Trust Portfolio, NYLI VP MFS® Research Portfolio and NYLI XX Xxxxxx Technology Growth Portfolio to the fee schedule;
NOW, THEREFORE, the parties agree as follows:
(i) Effective December 18, 2024, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers and attested as of the date first written above.
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
Attest: /s/ Xxxxx X. XxXxxxx By: /s/ Xxxx X. Xxxxxxx
Name: Xxxxx X. XxXxxxx Name: Xxxx X. Xxxxxxx
Title: Director and Associate General Counsel Title: Senior Managing Director
NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
Attest: /s/ Xxxxx X. XxXxxxx By: /s/ Xxxx X. Xxxxxxx
Name: Xxxxx X. XxXxxxx Name: Xxxx X. Xxxxxxx
Title: Assistant Secretary Title: President
SCHEDULE A
(As of December 18, 2024)
For all services rendered by the Manager hereunder, each Portfolio of the Trust shall pay the Manager and the Manager agrees to accept as full compensation for all services rendered hereunder, an annual fee equal to the following:
PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF |
NYLI VP American Century Sustainable Equity Portfolio | 0.63%
on assets up to $500 million; |
NYLI VP Balanced Portfolio | 0.65% on assets up to $1 billion; and 0.625% on assets from $1 billion to $2 billion; and 0.60% on assets over $2 billion |
NYLI XX Xxxx Portfolio | 0.50%
on assets up to $500 million; 0.45%
on assets from $1 billion to $3 billion; and |
NYLI VP Candriam Emerging Markets Equity Portfolio | 1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion |
NYLI VP CBRE Global Infrastructure Portfolio | 0.85% on assets up to $3 billion; and 0.84% on assets over $3 billion |
NYLI VP Conservative Allocation Portfolio | 0.00%* |
NYLI VP Dimensional U.S. Equity Portfolio | 0.52% on assets up to $500 million; 0.46% on assets over $3 billion |
NYLI VP Epoch U.S. Equity Yield Portfolio | 0.70% on assets up to $500 million; 0.65% on assets over $2 billion |
NYLI VP Equity Allocation Portfolio | 0.00%* |
NYLI VP Fidelity Institutional AMSM Utilities Portfolio | 0.64%
on assets up to $1 billion; |
NYLI VP Floating Rate Portfolio | 0.60% on assets up to $1 billion; 0.565% on assets over $3 billion |
NYLI VP Growth Allocation Portfolio | 0.00%* |
NYLI VP Hedge Multi-Strategy Portfolio | 0.75% on all assets |
PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF |
NYLI VP Income Builder Portfolio | 0.57% on assets up to $1 billion; and 0.55% on assets over $1 billion |
NYLI VP Xxxxx Xxxxxxxxx Balanced Portfolio | 0.55%
on assets up to $1 billion; |
NYLI XX XxxXxx Convertible Portfolio | 0.60% on assets up to $500 million; 0.50% on assets from $1 billion to $2 billion; 0.49% on assets from $2 billion to $5 billion; and 0.48% on assets over $5 billion |
NYLI XX XxxXxx High Yield Corporate Bond Portfolio | 0.57% on assets up to $1 billion; 0.525% on assets over $5 billion |
NYLI XX XxxXxx Strategic Bond Portfolio | 0.60%
on assets up to $500 million; 0.50% on assets from $1 billion to $5 billion; and 0.475% on assets over $5 billion |
NYLI XX XxxXxx U.S. Infrastructure Bond Portfolio | 0.50% on assets up to $500 million; 0.45% on assets over $1 billion |
NYLI VP MFS® Investors Trust Portfolio | 0.70% on assets up to $1 billion; |
NYLI VP MFS® Research Portfolio | 0.70% on assets up to $2 billion; and |
NYLI VP Moderate Allocation Portfolio | 0.00%* |
NYLI VP Natural Resources Portfolio | 0.79%
on assets up to $1 billion; and |
NYLI XX Xxxxxx Technology Growth Portfolio | 0.75% on all assets |
NYLI VP PIMCO Real Return Portfolio | 0.50% on all assets |
NYLI VP PineStone International Equity Portfolio | 0.80% on all assets |
NYLI VP Schroders Mid Cap Opportunities Portfolio | 0.82% on assets up to $1 billion; 0.77% on assets from $1 billion to $2 billion; and |
NYLI VP Small Cap Growth Portfolio | 0.81%
on assets up to $1 billion; and |
PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF |
NYLI VP S&P 500 Index Portfolio | 0.16% on assets up to $2.5 billion; and 0.15% on assets over $2.5 billion |
NYLI VP U.S. Government Money Market Portfolio | 0.40% on assets up to $500 million; |
NYLI VP Wellington Growth Portfolio | 0.70%
on assets up to $500 million; |
NYLI VP Wellington Small Cap Portfolio | 0.80% on assets up to $1 billion; 0.775% on assets from $1 billion to $2 billion; and 0.75% on assets over $2 billion |
NYLI XX Xxxxxxx Large Cap Growth Portfolio | 0.75%
on assets up to $500 million; 0.71% on assets from $750 million to $1 billion; 0.70% on assets from $1 billion to $2 billion; 0.66% on assets from $2 billion to $3 billion; 0.61% on assets from $3 billion to $7 billion; 0.585% on assets from $7 billion to $9 billion; and 0.575% on assets over $9 billion |
* The Manager will receive no fee from the Fund, although the parties acknowledge that the Manager or its affiliates shall receive compensation from other registered investment companies, including other series of the Trust, in connection with assets of the Fund that are invested in such investment companies.
