MAINSTAY FUNDS TRUST AMENDMENT TO THE SUBADVISORY AGREEMENT
AMENDMENT TO THE SUBADVISORY AGREEMENT
This Amendment to the Subadvisory Agreement, is made as of the 28th day of February 2014, between New York Life Investment Management LLC, (the “Manager”) and Institutional Capital LLC, (the Subadvisor”).
WHEREAS, the Manager and the Subadvisor are parties to a Subadvisory Agreement, dated February 26, 2010, as amended (the “Subadvisory Agreement”); and
WHEREAS, the parties hereby wish to amend the Subadvisory Agreement to reflect to reflect revisions to the subadvisory fee for MainStay ICAP Select Equity Fund, MainStay ICAP Equity Fund, MainStay ICAP Global Fund, and MainStay ICAP International 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. |
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers and attested effective as of the date first written above.
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
Attest: | /s/ Xxxxx X. Xxxx | By: | /s/ Xxxxxxx X. Xxxxxx |
Name: | Xxxxx X. Xxxx | Name: | Xxxxxxx X. Xxxxxx |
Title: | Director & Associate | Title: | Senior Managing Director and |
General Counsel | Co-President |
INSTITUTIONAL CAPITAL LLC
Attest: | /s/ Xxxxx X. Franc | By: | /s/ Xxxxx X. Xxxxxx |
Name: | Xxxxx X. Franc | Name: | Xxxxx X. Xxxxxx |
Title: | Executive Vice President and | Title: | Chief Executive Officer and |
Chief Compliance Officer | Chief Investment Officer |
2 |
SCHEDULE A
(Effective as of February 28, 2014)
As compensation for services provided by the Subadvisor the Manager will pay the Subadvisor and Subadvisor agrees to accept as full compensation for all services rendered hereunder, an annual subadvisory fee equal to the following:
FUND | ANNUAL RATE |
MainStay ICAP Equity Fund | 0.40% up to $5 billion; and |
0.3875% from $5 billion to $7.5 billion; and | |
0.375% in excess of $7.5 billion | |
MainStay ICAP Select Equity Fund | 0.40% up to $5 billion; and |
0.3875% from $5 billion to $7.5 billion; and | |
0.375% in excess of $7.5 billion | |
MainStay ICAP International Fund | 0.40% up to $5 billion; and |
0.3875% from $5 billion to $7.5 billion; and | |
0.375% in excess of $7.5 billion | |
MainStay ICAP Global Fund | 0.40% up to $5 billion; and |
0.3875% from $5 billion to $7.5 billion; and | |
0.375% in excess of $7.5 billion |
The portion of the fee based upon the average daily net assets of the respective Fund 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 Fund.
Payment will be made to the Subadvisor on a monthly basis.