MAINSTAY FUNDS TRUST FORM OF AMENDMENT TO THE SUBADVISORY AGREEMENT

Exhibit d 3 l

MAINSTAY FUNDS TRUST

FORM OF AMENDMENT TO THE SUBADVISORY AGREEMENT

This Form of Amendment to the Subadvisory Agreement, is effective as of the 29th day of February 2016, between New York Life Investment Management LLC (the “Manager”) and MacKay Xxxxxxx LLC (the “Subadvisor”).

WHEREAS, the Manager and the Subadvisor are parties to a Subadvisory Agreement, dated February 26, 2010, as amended (the “Subadvisory Agreement”); and

WHEREAS, the parties hereby wish to amend the Subadvisory Agreement to reflect the subadvisory fee change for the MainStay Total Return Bond Fund.

NOW, THEREFORE, the parties agree as follows:

(i) Effective February 29, 2016, 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 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:						By:
Name:						Name:
Title:						Title:

MACKAY XXXXXXX LLC

Attest:						By:
Name:						Name:
Title:						Title:

SCHEDULE A

(Effective as of February 29, 2016)

As compensation for services provided by Subadvisor with respect to each of the following Series the Manager will pay the Subadvisor and Subadvisor agrees to accept as full compensation for services rendered hereunder, an annual subadvisory fee with respect to the Allocated Assets of such Series equal to the following:

FUND		ANNUAL RATE
MainStay Absolute Return Multi-Strategy Fund*		0.375% on all assets
MainStay California Tax Free Opportunities Fund*		0.25% on all assets
MainStay High Yield Municipal Bond Fund*		0.275% up to $1 billion; and
		0.27% from $1 billion to $3 billion; and
		0.265% in excess of $3 billion
MainStay High Yield Opportunities Fund*		0.40% up to $3 billion; and
		0.3875% in excess of $3 billion
MainStay New York Tax Free Opportunities Fund*		0.25% on all assets
MainStay Short Duration High Yield Fund*		0.325% on all assets
MainStay Tax Advantaged Short Term Bond Fund*		0.225% on all assets
MainStay Total Return Bond Fund*		0.25% up to $1 billion;
		0.2375% from $1 billion to $3 billion; and
		0.2325% in excess of $3 billion

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

* 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, 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.