MAINSTAY FUNDS TRUST AMENDMENT TO THE MANAGEMENT AGREEMENT
Exhibit
d 1 (a)
AMENDMENT
TO THE MANAGEMENT AGREEMENT
This
Amendment to the Management Agreement is hereby made as of the 26th day of
February, 2010 (the “Agreement”) between MainStay Funds Trust, a Delaware
business trust (the “Trust”), further amended from time to time, on behalf of
its series as set forth on Schedule A (each, a “Fund,” and collectively, the
“Funds”) and New York Life Investment Management LLC, a Delaware limited
liability company (“New York Life Investments” or the “Manager”).
WHEREAS, the Trust and the
Funds are parties to a Management Agreement, dated November 10, 2009
(“Agreement”); and
WHEREAS, the parties hereby
wish to amend the Agreement to reflect the addition of multiple Funds to the
schedule.
NOW, THEREFORE, the parties
agree as follows:
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(i)
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effective
February 26, 2010, 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:
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/s/ Xxxxxx Xxxxx
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By:
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/s/Xxxxxxx X. Xxxxxx
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Name:
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Xxxxxx
Xxxxx
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Name:
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Xxxxxxx
X. Xxxxxx
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Title:
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Vice
President and Assistant
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Title:
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Senior
Managing Director
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General
Counsel
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Attest:
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/s/ Xxxxxx Xxxxx
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By:
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/s/ Xxxx X. Xxxxxxxxxx
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Name:
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Xxxxxx
Xxxxx
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Name:
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Xxxx
X. Xxxxxxxxxx
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Title:
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Assistant
Secretary
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Title:
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Treasurer
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SCHEDULE
A
(As of
February 26, 2010)
For all
services rendered by the Manager hereunder, each Fund of the Trust shall pay the
Manager and the Manager agrees to accept as full compensation for all services
rendered hereunder, at annual fee equal to the following:
FUND
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ANNUAL RATE
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MainStay
Cash Reserves Fund
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0.45%
on assets up to $500 million;
0.40%
on assets between $500 million an $1 billion; and
0.35%
on assets in excess of $1 billion
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MainStay
Conservative Allocation Fund
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0.000%*
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MainStay
Epoch U.S. All Cap Fund
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0.850%
up to $500 million;
0.825%
$500 million to $1 billion; and
0.800%
in excess of $1 billion
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MainStay
Epoch Global Choice Fund
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1.00%
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MainStay
Epoch Global Equity Yield Fund
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0.70%
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MainStay
Epoch International Small Cap Fund
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1.10%
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MainStay
Epoch U. S. Equity Fund
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0.80%
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MainStay
Floating Rate Fund
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0.600%
up to $1 billion; and
0.575%
in excess of $l billion
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MainStay
Growth Allocation Fund
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0.000%*
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MainStay
Growth Equity Fund
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0.700%
up to $500 million; and
0.675% IN EXCESS OF $500
MILLION
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MainStay
ICAP Equity Fund
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0.80%
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MainStay
ICAP International Fund
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0.80%
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MainStay
ICAP Global Fund
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0.80%
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MainStay
ICAP Select Equity Fund
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0.80%
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MainStay
Indexed Bond Fund
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0.350%
up to $1 billion; and
0.300%
in excess of $1
billion
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MainStay
Intermediate Term Bond Fund
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0.600%
up to $500 million; and
0.575%
from $500 million to $1 billion; and
0.550%
in excess of $1 billion
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MainStay
Moderate Allocation Fund
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0.000%*
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MainStay
Moderate Growth Allocation Fund
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0.000%*
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MainStay
S&P 500 Index Fund
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0.250%
up to $1 billion;
0.225%
from $1 billion to $2 billion;
0.215%
from $2 billion to $3 billion; and
0.200%
in excess of $3 billion
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MainStay
Short Term Bond Fund
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0.600%
up to $500 million; and
0.575%
in excess of $500 million
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MainStay
130/30 Core Fund
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1.00%
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MainStay
130/30 Growth Fund
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1.00%
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MainStay
130/30 International Fund
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1.100%
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MainStay
Retirement 2010 Fund
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0.100%
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MainStay
Retirement 2020 Fund
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0.100%
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MainStay
Retirement 2030 Fund
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0.100%
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MainStay
Retirement 2040 Fund
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0.100%
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MainStay
Retirement 2050 Fund
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0.100%
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* 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.