EXHIBIT (d)(1)(a)
THE MAINSTAY FUNDS
AMENDED AND RESTATED MANAGEMENT AGREEMENT
SCHEDULE A
(as amended and restated on June 28, 2005)
FUNDS ANNUAL RATE(1)
Capital Appreciation Fund 0.72%(2)
Common Stock Fund* 0.70%(3)
(formerly Growth Opportunities Fund)
Convertible Fund 0.72%(4)
Diversified Income Fund* 0.60%(3)
(formerly Strategic Income Fund)
Equity Index Fund 0.25%(5)
Global High Income Fund* 0.70%(3)
(formerly Global High Yield Fund)
Government Fund 0.60%(6)
High Yield Corporate Bond Fund 0.60%(7)
International Equity Fund 0.90%(3), (8)
Large Cap Growth Fund 0.80%(9)
MAP Fund 0.75%(10)
Mid Cap Growth Fund 0.75%(3)
Mid Cap Value Fund* 0.70%(3)
(formerly Equity Income Fund)
Money Market Fund 0.50%(11)
Small Cap Growth Fund 1.00%(10)
Small Cap Value Fund 0.85%(10), (12)
Tax Free Bond Fund 0.60%(10)
Total Return Fund 0.64%(13)
Value Fund 0.72%(14)
* Name changes effective January 1, 2004.
(1) of each Fund's average daily net assets.
(2) contractual fee breakpoints as follows: 0.72% on assets up to $200 million;
0.65% on assets from $200 million up to $500 million; and 0.50% on assets
in excess of $500 million.
(3) The Board of Trustees approved a 0.05% contractual fee reduction on assets
in excess of $500 million for each of these 7 funds, effective August 1,
2004.
(4) contractual fee breakpoints as follows: 0.72% on assets up to $500 million,
0.67% on assets from $500 million up to $1.0 billion; and 0.62% on assets
in excess of $1.0 billion
(5) At a meeting held on June 14, 2005, the Board of Trustees approved
contractual fee breakpoints effective August 1, 2005 as follows: 0.25% on
assets up to $1.0 billion, 0.225% on assets from $1.0 billion up to $3.0
billion; and 0.20% on assets in excess of $3.0 billion
(6) contractual fee breakpoints as follows: 0.60% on assets up to $1 billion;
and 0.55% on assets in excess of $1 billion.
(7) contractual fee breakpoints as follows: 0.60% on assets up to $500 million;
and 0.55% on assets in excess of $500 million.
(8) Effective January 1, 2004, the management fee payable by the Fund was
reduced to 0.90% of the Fund's average daily net assets.
(9) contractual fee breakpoints as follows: 0.80% on assets up to $250 million;
0.75% on assets from $250 million up to $500 million; 0.725% on assets from
$500 million up to $750 million; 0.70% on assets from $750 million up to $2
billion; 0.65% on assets from $2 billion up to $3 billion; and 0.60% on
assets in excess of $3 billion.
(10) At a meeting held on June 10, 2003, the Board of Trustees approved a 0.05%
contractual fee reduction on assets in excess of $1.0 billion for each of
these 4 funds, effective immediately.
(11) contractual fee breakpoints as follows: 0.50% on assets up to $300 million;
0.45% on assets from $300 million up to $700 million; 0.40% on assets from
$700 million up to $1 billion; and 0.35% on assets in excess of $1 billion.
(12) Effective July 1, 2004, the management fee payable by the Fund was
contractually reduced from 1.00% to 0.85% of the Fund's average daily net
assets (in connection with the approval of a new sub-advisory agreement
with MacKay Xxxxxxx LLC).
(13) contractual fee breakpoints as follows: 0.64% on assets up to $500 million;
and 0.60% on assets in excess of $500 million.
(14) contractual fee breakpoints as follows: 0.72% on assets up to $200 million;
0.65% on assets from $200 million up to $500 million; and 0.50% on assets
in excess of $500 million.
