AMENDMENT TO AMENDED AND RESTATED SUBADVISORY AGREEMENT

Exhibit (d)(2)(a)(xiii)

THE MAINSTAY FUNDS

MAINSTAY FUNDS TRUST

MAINSTAY VP FUNDS TRUST

AMENDMENT TO AMENDED AND RESTATED SUBADVISORY AGREEMENT

This Amendment to the Amended and Restated Subadvisory Agreement, is made as of the 28th day of February, 2021, between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”) and MacKay Xxxxxxx LLC, a Delaware limited liability company (the “Subadvisor”).

WHEREAS, the Manager and the Subadvisor are parties to the Amended and Restated Subadvisory Agreement, dated January 1, 2018, as amended ("Agreement"); and

WHEREAS, the Manager and the Subadvisor hereby wish to amend Schedule A of the Agreement to reflect a name change for MainStay MacKay Unconstrained Bond Fund to MainStay MacKay Strategic Bond Fund, changes to the fee schedules for MainStay MacKay High Yield Municipal Bond Fund, MainStay MacKay California Tax Free Opportunities Fund, MainStay MacKay New York Tax Free Opportunities Fund and MainStay MacKay Tax Free Bond Fund.

NOW, THEREFORE, the parties agree as follows:

(i) Effective February 28, 2021, 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 effective as of the date first written above.

    

NEW YORK LIFE INVESTMENT MANAGEMENT LLC

    
    

Attest:

/s/ Xxxxx X. XxXxxxx

By:

/s/ Yie-Xxxx Xxxx

Name:

Xxxxx X. XxXxxxx

Name:

Yie-Xxxx Xxxx

Title:

Director and Associate General Counsel

Title:

Chief Executive Officer

    

  

  

    

MACKAY XXXXXXX LLC

    
    

Attest:

/s/ Xxxxx Xxx

By:

/s/ Xxxx Xxxxxxxxxx

Name:

Xxxxx Xxx

Name:

Xxxx X. Xxxxxxxxxx

Title:

Senior Managing Director

Title:

Chief Administrative Officer

 

And General Counsel

  

 

SCHEDULE A

(As of February 28, 2021)

As compensation for services provided by Subadvisor, the Manager will pay the Subadvisor and Subadvisor agrees to accept as full compensation for all services rendered hereunder, at an annual subadvisory fee equal to the following:

  

FUND / PORTFOLIO

ANNUAL RATE ON ALLOCATED ASSETS

The MainStay Funds

 

MainStay Income Builder Fund (investment sleeve)*

0.32% on assets up to $500 million;
0.30% on assets from $500 million to $1 billion;

0.2875% on assets from $1 billion to $5 billion; and
0.2825% on assets over $5 billion*

MainStay MacKay Common Stock Fund*

0.275% on assets up to $500 million;
0.2625% on assets from $500 million to $1 billion; and
0.25% on assets over $1 billion

MainStay MacKay Convertible Fund*

0.30% on assets up to $500 million;
0.275% on assets from $500 million to $1 billion;
0.25% on assets over $1 billion to $2 billion; and
0.245% over $2 billion

MainStay MacKay High Yield Corporate Bond Fund

0.30% on assets up to $500 million;
0.275% on assets from $500 million to $5 billion;
0.2625% on assets from $5 billion to $7 billion;

0.25% on assets from $7 billion to $10 billion; and
0.245% on assets from $10 billion to $15 billion; and
0.24% on assets over $15 billion

MainStay MacKay International Equity Fund*

0.445% on assets up to $500 million; and

0.425% on assets over $500 million

MainStay MacKay Strategic Bond Fund*

0.30% on assets up to $500 million;

0.275% on assets from $500 million to $1 billion;
0.25% on assets from $1 billion to $5 billion; and
0.2375% on assets over $5 billion

MainStay MacKay Tax Free Bond Fund*

0.225% on assets up to $500 million;
0.2125% on assets from $500 million to $1 billion; 0.20% on assets from $1 billion to $5 billion;
0.195% on assets from $5 billion to $7 billion; and
0.19% on assets over $7 billion

MainStay MacKay U.S. Infrastructure Bond Fund*

0.25% on assets up to $500 million;

0.2375% on assets from $500 million to $1 billion; and
0.225% on assets over $1 billion

MainStay Funds Trust

 

MainStay Balanced Fund (investment sleeve)*

0.35% on assets up to $1 billion;

0.325% on assets from $1 billion to $2 billion; and

0.30% on assets over $2 billion

MainStay MacKay California Tax Free Opportunities Fund*

0.225% on assets up to $1 billion;
0.215% on assets from $1 billion to $3 billion; and
0.21% on assets over $3 billion

  

FUND / PORTFOLIO

ANNUAL RATE ON ALLOCATED ASSETS

MainStay MacKay Growth Fund*

0.35% on assets up to $500 million;

0.325% on assets from $500 million to $1 billion;
0.3125% on assets from $1 billion to $2 billion; and
0.30% on assets over $2 billion

MainStay MacKay High Yield Municipal Bond Fund*

0.275% on assets up to $1 billion;
0.27% on assets from $1 billion to $3 billion;
0.265% on assets from $3 billion to $5 billion;
0.26% on assets from $5 billion to $7 billion;
0.255% on assets from $7 billion to $9 billion; and
0.25% on assets over $9 billion

MainStay MacKay Intermediate Tax Free Bond Fund*

0.20% on all assets

MainStay MacKay International Opportunities Fund*

0.55% on all assets

MainStay MacKay New York Tax Free Opportunities Fund*

0.225% on assets up to $1 billion;
0.215% on assets from $1 billion to $3 billion; and
0.21% on assets over $3 billion

MainStay MacKay Small Cap Core Fund*

0.40% on assets up to $1 billion;
0.3875% on assets from $1 billion to $2 billion;
0.375% on assets over $2 billion

MainStay MacKay S&P 500 Index Fund*

0.08% on assets up to $2.5 billion; and
0.075% on assets over $2.5 billion

MainStay MacKay Short Duration High Yield Fund*

0.325% on all assets

MainStay MacKay Short Term Municipal Fund*

0.175% on assets up to $1 billion;
0.165% on assets over $1 billion

MainStay MacKay Total Return Bond Fund*

0.25% up to $1 billion;

0.2375% from $1 billion to $3 billion; and

0.2325% over $3 billion

MainStay MacKay U.S. Equity Opportunities Fund*

0.50% on assets up to $1 billion; and
0.4875% on assets over $1 billion

MainStay VP Funds Trust

 

MainStay VP Balanced Portfolio (investment sleeve)*

0.35% on assets up to $1 billion;
0.325% on assets from $1 billion to $2 billion; and
0.30% on assets over $2 billion

MainStay VP Emerging Markets Equity Portfolio (investment sleeve)*

0.50% on assets up to $1 billion;

0.4875% on assets over $1 billion

MainStay VP Income Builder Portfolio (investment sleeve)

0.285% on assets up to $1 billion; and

0.275% on assets over $1 billion

MainStay XX XxxXxx Common Stock Portfolio

0.275% on assets up to $500 million;

0.2625% on assets from $500 million to $1 billion; and

0.25% on assets over $1 billion

MainStay XX XxxXxx Convertible Portfolio

0.30% on assets up to $500 million;

0.275% on assets from $500 million to $1 billion;

0.25% on assets from $1 billion to $2 billion;

0.245% on assets over $2 billion

  

FUND / PORTFOLIO

ANNUAL RATE ON ALLOCATED ASSETS

MainStay XX XxxXxx Government Portfolio

0.25% on assets up to $500 million;
0.2375% on assets from $500 million to $1 billion; and
0.225% on assets over $1 billion

MainStay XX XxxXxx Growth Portfolio*

0.35% on assets up to $500 million;

0.325% on assets from $500 million to $1 billion;

0.3125% on assets from $1 billion to $2 billion;

0.30% on assets over $2 billion

MainStay XX XxxXxx High Yield Corporate Bond Portfolio

0.285% on assets up to $1 billion;
0.275% on assets from $1 billion to $5 billion; and

0.2625% on assets over $5 billion

MainStay XX XxxXxx International Equity Portfolio*

0.445% on assets up to $500 million; and

0.425% on assets over $500 million

MainStay XX XxxXxx Mid Cap Core Portfolio*

0.425% on assets up to $1 billion;
0.40% on assets from $1 billion to $2 billion; and
0.3875% on assets over $2 billion

MainStay XX XxxXxx S&P 500 Index Portfolio*

0.08% on assets up to $2.5 billion; and
0.075% on assets over $2.5 billion

MainStay XX XxxXxx Small Cap Core Portfolio*

0.40% on assets up to $1 billion;

0.3875% on assets from $1 billion to $2 billion; and

0.375% on assets over $2 billion

MainStay XX XxxXxx Unconstrained Bond Portfolio*

0.30% on assets up to $500 million;

0.275% on assets from $500 million to $1 billion;

0.25% on assets from $1 billion to $5 billion; and

0.2375% on assets over $5 billion

The portion of the fee based upon the average daily net assets of the respective Allocated Assets 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 Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.

* The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or reimburse expenses, the Subadvisor, upon reasonable prior notice from the Manager, has voluntarily agreed to waive or reimburse its fee in proportion to the percentage of the total subadvisory fee that the Subadvisor earns.

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Filed: March 23rd, 2021
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