MAINSTAY VP FUNDS TRUST AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit (d)(1)(f)
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement, is effective as of the 1st day of May, 2018, 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 Trust and the Manager hereby wish to amend Schedule A of the Agreement to: (i) reflect revised management fees with respect to the MainStay XX Xxxxxxx Renaissance Advantage Portfolio, MainStay VP Emerging Markets Equity Portfolio, MainStay VP Xxxxx Xxxxxxxxx Balanced Portfolio, MainStay VP MFS Utilities Portfolio, MainStay VP Mid Cap Core Portfolio, and MainStay VP X. Xxxx Price Equity Income Portfolio; and (ii) change the names of certain Portfolios as follows:
| Former Name | New Name | |
| MainStay VP Common Stock Portfolio | MainStay XX XxxXxx Common Stock Portfolio | |
| MainStay VP Convertible Portfolio | MainStay XX XxxXxx Convertible Portfolio | |
| MainStay VP Cornerstone Growth Portfolio | MainStay XX XxxXxx Growth Portfolio | |
| MainStay VP Government Portfolio | MainStay XX XxxXxx Government Portfolio | |
| MainStay VP High Yield Corporate Bond Portfolio | MainStay XX XxxXxx High Yield Corporate Bond Portfolio | |
| MainStay VP International Equity Portfolio | MainStay XX XxxXxx International Equity Portfolio | |
| MainStay VP Mid Cap Core Portfolio | MainStay XX XxxXxx Mid Cap Core Portfolio | |
| MainStay VP S&P 500 Index Portfolio | MainStay XX XxxXxx S&P 500 Index Portfolio | |
| MainStay VP Small Cap Core Portfolio | MainStay XX XxxXxx Small Cap Core Portfolio | |
| MainStay VP Unconstrained Bond Portfolio | MainStay XX XxxXxx Unconstrained Bond Portfolio |
NOW, THEREFORE, the parties agree as follows:
(i) Effective May 1, 2018, 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 General Counsel | Title: | Chief Executive Officer |
| Attest: | /s/ Xxxxxx Xxxxx | By: | /s/ Xxxx X. Xxxxxxx | |
| Name: | Xxxxxx Xxxxx | Name: | Xxxx X. Xxxxxxx | |
| Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of May 1, 2018)
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 Conservative Allocation Portfolio
|
0.00% | |
|
MainStay XX Xxxxxxx Renaissance Advantage Portfolio
|
1.10% on assets up to $500 million; and
| |
|
MainStay VP Eagle Small Cap Growth Portfolio
|
0.81% on all assets | |
|
MainStay VP Emerging Markets Equity Portfolio
|
1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion
| |
|
MainStay VP Epoch U.S. Equity Yield Portfolio
|
0.70% on assets up to $500 million; 0.65% 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 Growth Allocation Portfolio
|
0.00%
| |
| MainStay VP Income Builder Portfolio |
0.57% on assets up to $1 billion; and 0.55% 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
|
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| PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF DAILY NET ASSETS | |
| MainStay VP Xxxxx Xxxxxxxxx Balanced Portfolio |
0.55% on assets up to $1 billion;
| |
| 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
| |
| MainStay XX XxxXxx Common Stock Portfolio (formerly MainStay VP Common Stock Portfolio) |
0.55% on assets up to $500 million;
| |
| MainStay XX XxxXxx Convertible Portfolio (formerly MainStay VP Convertible Portfolio) |
0.60% on assets up to $500 million; 0.50% on assets over $1 billion
| |
| MainStay XX XxxXxx Government Portfolio (formerly MainStay VP Government Portfolio) |
0.50% on assets up to $500 million; 0.45% on assets over $1 billion
| |
|
MainStay XX XxxXxx Growth Portfolio (formerly MainStay VP Cornerstone Growth Portfolio) |
0.70% on assets up to $500 million;
| |
| MainStay XX XxxXxx High Yield Corporate Bond Portfolio (formerly MainStay VP High Yield Corporate Bond Portfolio) |
0.57% on assets up to $1 billion; 0.525% on assets over $5 billion
| |
MainStay XX XxxXxx International Equity Portfolio
|
0.89% on assets up to $500 million; and 0.85% on assets over $500 million | |
|
MainStay XX XxxXxx Mid Cap Core Portfolio (formerly MainStay VP Mid Cap Core Portfolio) |
0.85% on assets up to $1 billion; 0.80% on assets from $1 billion to $2 billion; and
| |
| MainStay XX XxxXxx S&P 500 Index Portfolio (formerly 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 XX XxxXxx Small Cap Core Portfolio (formerly MainStay VP Small Cap Core Portfolio) |
0.85% on assets up to $1 billion; and 0.80% on assets over $1 billion
| |
|
MainStay XX XxxXxx 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 |
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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;
| |
|
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 X. Xxxx Price Equity Income Portfolio | 0.75%
on assets up to $500 million;
| |
|
MainStay VP U.S. Government Money Market Portfolio
|
0.40% on assets up to $500 million;
| |
|
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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