MAINSTAY FUNDS TRUST AMENDMENT TO THE SUBADVISORY AGREEMENT
Exhibit
d 3 a
AMENDMENT
TO THE SUBADVISORY AGREEMENT
This
Subadvisory Agreement, made as of the 30th day of
March, 2010 (the “Agreement”), 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 a Subadvisory Agreement, dated as of February 26, 2010
(the “Agreement”); and
WHEREAS, the parties hereby
wish to amend the Agreement to reflect the addition of the MainStay High Yield
Municipal Bond Fund.
NOW, THEREFORE, the parties
agree as follows:
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(i)
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effective
March 30, 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 have executed this Amendment to be effective 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 & Assistant
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Title:
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Senior
Managing Director
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General
Counsel
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MACKAY
XXXXXXX LLC
Attest:
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/s/ Xxxxx Xxxxxxx
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By:
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/s/ Xxxxxxx Xxxxxx
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Name:
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Xxxxx
Xxxxxxx
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Name:
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Xxxxxxx
Xxxxxx
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Title:
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Senior
Managing Director and
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Title:
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Acting
Chief Executive Officer
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General
Counsel
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Exhibit
d 3 a
SCHEDULE
A
(As
of March 30, 2010)
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, an annual subadvisory fee equal to the
following:
FUND
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ANNUAL RATE
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Intermediate
Term Bond Fund
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0.200 | % | ||
High
Yield Municipal Bond Fund*
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0.275 | % | ||
Short
Term Bond Fund
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0.150 | % |
The
portion of the fee based upon the average daily net assets of the respective
Fund shall be accrued daily at the rate of 1/(number of days in calendar year)
of the annual rate applied to the daily net assets of the Fund.
Payment
will be made to the Subadvisor on a monthly basis.
* For
certain Funds listed above, the Manager has agreed to waive a portion of the
Fund’s management fee or reimburse the expenses of the appropriate class of the
Fund 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, MacKay Xxxxxxx, as Subadvisor for these
Funds, has voluntarily agreed to waive or reimburse its fee
proportionately.