MAINSTAY VP FUNDS TRUST AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit (d)(1)(l)
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, 2020 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 reflect the renaming of MainStay VP Large Cap Growth Portfolio to MainStay XX Xxxxxxx Large Cap Growth Portfolio and MainStay VP Eagle Small Cap Growth Portfolio to MainStay VP Small 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. |
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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/ 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 |
| Attest: | /s/ Xxxxx X. XxXxxxx | By: | /s/ Xxxx X. Xxxxxxx |
| Name: | Xxxxx X. XxXxxxx | Name: | Xxxx X. Xxxxxxx |
| Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of May 1, 2020)
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 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 CBRE Global Infrastructure Portfolio
|
1.10% on assets up to $500 million; and
|
|
MainStay VP Conservative Allocation Portfolio
|
0.00%* |
|
MainStay VP Small Cap Growth Portfolio
|
0.81% on assets up to $1 billion; and
|
|
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 Fidelity Institutional AMSM Utilities Portfolio |
0.64% on assets up to $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
|
| MainStay VP IQ Hedge Multi-Strategy Portfolio | 0.75% on all assets |
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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 XX XxxXxx Common Stock Portfolio |
0.55% on assets up to $500 million; 0.525% on assets from $500 million to $1 billion; and 0.50% on assets over $1 billion |
| MainStay XX XxxXxx Convertible Portfolio |
0.60% on assets up to $500 million; 0.50% on assets from $1 billion to $2 billion; and 0.49% on assets over $2 billion
|
| MainStay XX XxxXxx Government Portfolio |
0.50% on assets up to $500 million; 0.45% on assets over $1 billion
|
|
MainStay XX XxxXxx Growth Portfolio
|
0.70% on assets up to $500 million;
|
| MainStay XX XxxXxx 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
|
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 |
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 |
0.80% on assets up to $1 billion; 0.775% on assets from $1 billion to $2 billion; and 0.75% on assets over $2 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
|
| MainStay XX Xxxxxx Natural Resources Portfolio |
0.79% on assets up to $1 billion; and
|
|
MainStay VP Moderate Allocation Portfolio
|
0.00%*
|
|
MainStay VP Moderate Growth Allocation Portfolio
|
0.00%* |
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| PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
| MainStay VP PIMCO Real Return Portfolio | 0.50% on all assets |
| MainStay X. Xxxx Price Equity Income Portfolio | 0.725% on assets up to $500 million; 0.70% on assets from $500 million to $1 billion; and 0.675% on assets over $1 billion |
|
MainStay VP U.S. Government Money Market Portfolio
|
0.40% on assets up to $500 million; 0.35% on assets from $500 million to $1 billion; and 0.30% on assets over $1 billion |
| MainStay XX Xxxxxxx 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
|
* The Manager will receive no fee from the Fund, although the parties acknowledge that the Manager or its affiliates shall receive compensation from other registered investment companies, including other series of the Trust, in connection with assets of the Fund that are invested in such investment companies.
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