AMENDMENT TO THE AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
AMENDMENT TO THE AMENDED AND RESTATED
This Amendment to the Amended and Restated Expense Limitation Agreement is hereby made as of the 21st day of October, 2013, between The MainStay Funds and MainStay Funds Trust (each a “Company” and collectively, the “Companies”), on behalf of each series of the Companies, and New York Life Investment Management LLC (the “Adviser”) (“Agreement”).
WHEREAS, each Company and the Adviser are parties to an Amended and Restated Expense Limitation Agreement, dated February 28, 2013 (the “Agreement”); and
WHEREAS, each Company and the Adviser hereby wish to amend Schedule A of the Agreement to reflect the addition of MainStay Emerging Markets Opportunities Fund.
NOW, THEREFORE, the parties agree as follows:
(i) | Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto. |
[The Remainder Of This Page Has Been Left Blank Intentionally.]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
THE MAINSTAY FUNDS
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: Senior Managing Director
Schedule A
FUND | Total Annual Operating Expense Limit (as a percent of average daily net asset) |
MainStay Tax Free Bond Fund |
Class A: 0.82% Class B: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Epoch International Small Cap Fund | Class A: 1.65% Class C: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Large Cap Growth Fund | Class I: 0.88% |
MainStay U.S. Equity Opportunities Fund (Formerly MainStay 130/30 Core Fund) |
Class A: 1.50% Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay International Opportunities Fund(Formerly MainStay 130/30 International Fund) | Class A: 1.60% Class C: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Conservative Allocation Fund | Class A: 0.50% Class B: 1.30% Class C: 1.30% Class I: 0.25% Investor Class: 0.55% |
FUND | Total Annual Operating Expense Limit (as a percent of average daily net asset) |
MainStay Epoch Global Choice Fund | Class A: 1.54% Class C: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Epoch U.S. Equity Yield Fund |
Class A: 1.32% Class C: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. |
MainStay Government Fund | Class A: 1.03% Class B: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class C: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Growth Allocation Fund | Class A: 0.50% Class B: 1.30% Class C: 1.30% Class I: 0.25% Investor Class: 0.55% |
MainStay High Yield Municipal Bond Fund |
Class A: 0.875% Class C: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. |
MainStay High Yield Opportunities Fund |
Class A: 1.30% Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay ICAP Equity Fund | Class I: 0.90% |
FUND | Total Annual Operating Expense Limit (as a percent of average daily net asset) |
MainStay ICAP Global Fund | Class A: 1.15% Class C: 1.95% Class I: 0.90% Investor Class: 1.20% |
MainStay ICAP International Fund | Class I: 0.95% |
MainStay ICAP Select Equity Fund | Class A: 1.18% Class I: 0.90% |
MainStay Indexed Bond Fund |
Class A: 0.82% Class I: 0.43% |
MainStay Intermediate Term Bond Fund | Class I: 0.60% |
MainStay International Equity Fund |
Class B: 2.60% Class C: 2.60% Investor Class: 1.85% |
MainStay Moderate Allocation Fund | Class A: 0.50% Class B: 1.30% Class C: 1.30% Class I: 0.25% Investor Class: 0.55% |
MainStay Moderate Growth Allocation Fund | Class A: 0.50% Class B: 1.30% Class C: 1.30% Class I: 0.25% Investor Class: 0.55% |
MainStay Money Market Fund | Class A: 0.70% Class B: 0.80% Class C: 0.80% Investor Class: 0.80% |
MainStay Retirement 2010 Fund | Class A: 0.375% Class I: 0.125% Investor Class: 0.475% Class R1: 0.225% Class R2: 0.475% Class R3: 0.725% |
FUND | Total Annual Operating Expense Limit (as a percent of average daily net asset) |
MainStay Retirement 2020 Fund | Class A: 0.375% Class I: 0.125% Investor Class: 0.475% Class R1: 0.225% Class R2: 0.475% Class R3: 0.725% |
MainStay Retirement 2030 Fund | Class A: 0.375% Class I: 0.125% Investor Class: 0.475% Class R1: 0.225% Class R2: 0.475% Class R3: 0.725% |
MainStay Retirement 2040 Fund | Class A: 0.375% Class I: 0.125% Investor Class: 0.475% Class R1: 0.225% Class R2: 0.475% Class R3: 0.725% |
MainStay Retirement 2050 Fund |
Class A: 0.375% Class R3: 0.725%. |
MainStay S&P 500 Index Fund | Class A: 0.60% Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay Short Term Bond Fund | Class A: 0.86% Class I: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Adviser will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. |
MainStay New York Tax Free Opportunities Fund |
Class A: 0.75% Class C: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. |
MainStay Cornerstone Growth Fund |
Class A: 1.34% Class I: 1.09%
*Terminates January 11, 2015 |
FUND | Total Annual Operating Expense Limit (as a percent of average daily net asset) |
MainStay Emerging Markets Opportunities Fund |
Class A: 1.60% Class I: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. *Terminates February 28, 2015 |
MainStay Marketfield Fund | Class I: 1.56% |
MainStay Short Duration High Yield Fund |
Class A: 1.05% Class C: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. |
MainStay California Tax Free Bond Fund |
Class A: 0.75% Class B: The Adviser will apply an equivalent waiver or reimbursement,
in an equal number of basis points waived for Class A Shares. |