MAINSTAY VP FUNDS TRUST AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit (d)(1)(e)
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement, is effective as of the 4th day of August, 2017, between MainStay 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 parties hereby wish to amend Schedule A of the Agreement to reflect a revised management for the MainStay VP S&P 500 Index Portfolio.
NOW, THEREFORE, the parties agree as follows:
| (i) | Effective August 4, 2017, 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 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/ Xxxxxx Xxxxx | By: | /s/ Yie-Xxxx Xxxx | |
| Name: | Xxxxxx Xxxxx | Name: | Yie-Xxxx Xxxx | |
| Title: | Director and Associate | Title: | Chief Executive Officer | |
| General Counsel | ||||
| MAINSTAY VP FUNDS TRUST | ||||
| Attest: | /s/ Xxxxxx Xxxxx | By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxx Xxxxx | Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Assistant Secretary | Title: | President | |
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SCHEDULE A
(As of August 4, 2017)
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 DAILY NET ASSETS | |
| MainStay VP Absolute Return Multi-Strategy Portfolio | 1.25% on all assets* | |
| MainStay VP Balanced Portfolio |
0.70% on assets up to $1 billion; and 0.65% on assets from$1 billion to $2 billion; and 0.60% on assets over $2 billion | |
| MainStay XX Xxxx Portfolio |
0.50% on assets up to $500 million; 0.45% on assets from$1 billion to $3 billion; and | |
| MainStay VP Cash Management Portfolio | 0.45% on assets up to $500 million; 0.40% on assets from$500 million to $1 billion; and 0.35% on assets over $1 billion | |
| MainStay VP Common Stock Portfolio | 0.55% on assets up to $500 million; 0.525% on assets from$500 million to $1 billion; and 0.50% on assets over $1 billion | |
| MainStay VP Conservative Allocation Portfolio | 0.00% | |
| MainStay VP Convertible Portfolio |
0.60% on assets up to $500 million; 0.50% on assets over $1 billion | |
| MainStay VP Cornerstone Growth Portfolio | 0.70% on assets up to $500 million; 0.65% on assets from$500 million to $1 billion; 0.625% on assets from$1 billion to $2 billion; and 0.60% on assets over $2 billion | |
|
MainStay XX Xxxxxxx Renaissance Advantage Portfolio |
1.25% on all assets | |
| MainStay VP Emerging Markets Equity Portfolio |
1.05% on assets up to $1 billion; and 1.025% on assets over $1 billion | |
| MainStay VP Eagle Small Cap Growth Portfolio | 0.81% on all assets |
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| PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS | |
| MainStay VP Epoch U.S. Equity Yield Portfolio (formerly MainStay VP ICAP Select Equity Portfolio) |
0.70% on assets up to $500 million; 0.6570% on assets over $2 billion | |
| MainStay VP Epoch U.S. Small Cap Portfolio |
0.80% on assets up to $200 million; 0.70% on assets over $1 billion | |
| MainStay VP Floating Rate Portfolio |
0.60% on assets up to $1 billion; 0.565% on assets over $3 billion | |
| MainStay VP Government Portfolio |
0.25% on assets up to $500 million; 0.225% on assets over $1 billion | |
| MainStay VP Growth Allocation Portfolio |
0.00% | |
| MainStay VP High Yield Corporate Bond Portfolio |
0.57% on assets up to $1 billion; 0.525% on assets over $5 billion | |
| MainStay VP ICAP Select Equity Portfolio |
0.80% on assets up to $250 million; 0.74% on assets over $1 billion | |
| MainStay VP Indexed Bond Portfolio |
0.25% on assets up to $1 billion; and 0.20% on assets over $1 billion | |
| MainStay VP Income Builder Portfolio |
0.57% on assets up to $1 billion; and 0.55% on assets over $1 billion | |
| MainStay VP International Equity Portfolio | 0.89% on assets up to $500 million; and 0.85% on assets over $500 million | |
| MainStay XX Xxxxx Balanced Portfolio | 0.55% on all assets | |
| MainStay VP 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 |
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| PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS | |
| MainStay VP MFS Utilities Portfolio |
0.73% on assets up to $1 billion; and 0.70% on assets over $1 billion | |
| MainStay VP Mid Cap Core Portfolio |
0.85% on assets up to $1 billion; and 0.80% on assets over $1 billion | |
| MainStay VP Moderate Allocation Portfolio | 0.00% | |
|
MainStay VP Moderate Growth Allocation Portfolio
|
0.00% | |
| MainStay VP PIMCO Real Return Portfolio | 0.50% on all assets | |
| MainStay VP S&P 500 Index Portfolio |
0.16% on assets up to $2.5 billion; and 0.15% on assets over $2.5 billion | |
| MainStay VP Small Cap Core Portfolio |
0.85% on assets up to $1 billion; and 0.80% on assets over $1 billion | |
| MainStay X. Xxxx Price Equity Income Portfolio | 0.75% on assets up to $500 million; and 0.725% on assets over $500 million | |
| MainStay VP Unconstrained 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 | |
| MainStay VP U.S. Government Money Market Portfolio | 0.40% on assets up to $500 million; 0.35% on assets from$500 million to $1 billion; and 0.30% on assets over $1 billion | |
| MainStay XX XxxXxx Global Hard Assets Portfolio |
0.89% on assets up to $1 billion; and 0.88% on assets over $1 billion |
*The Manager agrees to waive the Portfolio’s management fee in an amount equal to any management fees paid to the Manager by the Portfolio’s Cayman Subsidiary, as defined in the Portfolio’s prospectus. The Manager may no terminate this agreement to waive management fees, which will remain in effect for as long as the Manager’s management agreement with the Portfolio’s Cayman Subsidiary is in place.
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