MAINSTAY VP FUNDS TRUST AMENDMENT TO THE SUBADVISORY AGREEMENT
Exhibit (d)(4)(b)
AMENDMENT TO THE SUBADVISORY AGREEMENT
This Amendment to the Subadvisory Agreement, is made as of the 1st day of May 2020, between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”) and Xxxxxxx Capital Management, LLC, a Delaware limited liability company (the “Subadvisor”).
WHEREAS, the Manager and the Subadvisor are parties to a Subadvisory Agreement, dated October 1, 2014 (the “Agreement”), and
WHEREAS, the Manager and the Subadvisor hereby wish to amend Schedule A of the Agreement to reflect a name change for the MainStay VP Large Growth Portfolio to the MainStay XX Xxxxxxx Large Cap Growth Portfolio.
NOW, THEREFORE, the parties agree as follows:
(i) Effective May 1, 2020, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto.
IN WITNESS WHEREOF, the parties have executed this Amendment 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
XXXXXXX CAPITAL MANAGEMENT, LLC
Attest: /s/ Xxxxx Xxxxxxx By: /s/ Xxxx Xxxxxxx
Name: Xxxxx Xxxxxxx Name: Xxxx Xxxxxxx
Title: MD, CCO/GC Title: CFO
SCHEDULE A
(As of May 1, 2020)
1. Subadvisor shall provide services for the following series of the Trust:
· MainStay XX Xxxxxxx Large Cap Growth Portfolio
2. Subadvisor shall be paid:
0.40% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, up to $100 million;
0.35% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, from $100 million to $350 million;
0.30% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, from $350 million to $600 million;
0.25% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, from $600 million to $1 billion;
0.20% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, from $1 billion to $2.5 billion;
0.24% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, from $2.5 billion to $5 billion;
0.25% of the average daily net asset value of all Subadvisor-serviced investment company assets managed by the Manager, including series of the Trust, in excess of $5 billion; and
To the extent the management fee has a breakpoint or contractual waiver above
$11 billion, the Subadvisor shall bear a portion of the reduction of the management fee or waive its fee in proportion to the percentage of the total subadvisory fees that the Subadvisor earns. Any contractual waiver shall be in place for a one-year period corresponding with the annual update of the Trust’s registration statement. The Manager and Subadvisor shall review any contractual waiver annually to determine the continuation or modification of such waiver.
