MainSTay Funds Trust AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit d1b
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement is hereby made as of the 1st day of June, 2015, between the MainStay Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of its series as set forth on Schedule A (each, a “Fund,” and collectively, the “Funds”) and New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”).
WHEREAS, the Trust and the Manager are parties to the Amended and Restated Management Agreement, dated February 27, 2015, as amended (the “Agreement”); and
WHEREAS, the Trust and the Manager hereby wish to amend Schedule A of the Agreement to revise the name of the MainStay Short Term Bond Fund to “MainStay Tax Advantaged Short Term Bond Fund” and to revise the fee schedule.
NOW, THEREFORE, the parties agree as follows:
(i) | 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/ Xxxxxx Xxxxx | By: | /s/ Yie-Xxxx Xxxx |
Name: | Xxxxxx Xxxxx | Name: | Yie-Xxxx Xxxx |
Title: | Director and Associate General Counsel | Title: | Chief Executive Officer |
Attest: | /s/ Xxxxxx Xxxxx | By: | /s/ Xxxxxxx X. Xxxxxx |
Name: | Xxxxxx Xxxxx | Name: | Xxxxxxx X. Xxxxxx |
Title: | Assistant Secretary | Title: | President |
SCHEDULE A
(As of June 1, 2015)
For all services rendered by the Manager hereunder, each Fund 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:
FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay Balanced Fund | 0.70% up to $1 billion; 0.65% from $1 billion to $2 billion; and 0.60% in excess of $2 billion |
MainStay California Tax Free Opportunities Fund | 0.50% on all assets |
MainStay Conservative Allocation Fund | 0.00%* |
MainStay Cornerstone Growth Fund |
0.70% up to $500 million; 0.675% from $500 million to $1 billion; and 0.65% in excess of $1 billion |
MainStay Xxxxxxx MLP Premier Fund | 1.10% on all assets |
MainStay Xxxxxxx Renaissance Advantage Fund | 1.25% on all assets |
MainStay Xxxxxxx Royalty Energy Income Fund | 1.35% on all assets |
MainStay Emerging Markets Opportunities Fund | 1.10% on all assets |
MainStay Epoch Global Choice Fund | 1.00% on all assets |
MainStay Epoch Global Equity Yield Fund | 0.70% on all assets |
MainStay Epoch International Small Cap Fund | 1.10% on all assets |
MainStay Epoch U.S. All Cap Fund |
0.85% up to $500 million; 0.825% $500 million to $1 billion; and 0.80% in excess of $1 billion |
MainStay Epoch U.S. Equity Yield Fund |
0.80% up to $500 million; and 0.79% in excess of $500 million |
MainStay Floating Rate Fund |
0.60% up to $1 billion; 0.575% from $1 billion to $3 billion; and 0.565% in excess of $3 billion
|
FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay Growth Allocation Fund | 0.00%* |
MainStay High Yield Municipal Bond Fund |
0.55% up to $1 billion; 0.54% from $1 billion to $3 billion; and 0.53% in excess of $3 billion |
MainStay High Yield Opportunities Fund |
0.80% up to $3 billion; and 0.775% in excess of $3 billion |
MainStay ICAP Equity Fund |
0.80% up to $5 billion; 0.775% from $5 billion to $7.5 billion; and 0.75% in excess of $7.5 billion |
MainStay ICAP Global Fund |
0.80% up to $5 billion; 0.775% from $5 billion to $7.5 billion; and 0.75% in excess of $7.5 billion |
MainStay ICAP International Fund |
0.80% up to $5 billion; 0.775% from $5 billion to $7.5 billion; and 0.75% in excess of $7.5 billion |
MainStay ICAP Select Equity Fund |
0.80% up to $5 billion; 0.775% from $5 billion to $7.5 billion; and 0.75% in excess of $7.5 billion |
MainStay Indexed Bond Fund |
0.25% up to $1 billion; and 0.20% in excess of $1 billion |
MainStay International Opportunities Fund | 1.10% on all assets |
MainStay Marketfield Fund |
1.40% up to $7.5 billion; 1.38% from $7.5 billion to $15 billion; and 1.36% in excess of $15 billion |
MainStay Moderate Allocation Fund | 0.00%* |
MainStay Moderate Growth Allocation Fund | 0.00%* |
MainStay New York Tax Free Opportunities Fund | 0.50% on all assets |
MainStay Retirement 2010 Fund | 0.10% |
FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay Retirement 2020 Fund | 0.10% |
MainStay Retirement 2030 Fund | 0.10% |
MainStay Retirement 2040 Fund | 0.10% |
MainStay Retirement 2050 Fund | 0.10% |
MainStay S&P 500 Index Fund |
0.25% up to $1 billion; 0.225% from $1 billion to $2 billion; 0.215% from $2 billion to $3 billion; and 0.20% in excess of $3 billion |
MainStay Short Duration High Yield Fund | 0.65% on all assets |
MainStay Tax Advantaged Short Term Bond Fund (Formerly MainStay Short Term Bond Fund) | 0.45% on all assets |
MainStay Total Return Bond Fund |
0.50% up to $1 billion; and 0.475% in excess of $1 billion |
MainStay U.S. Equity Opportunities Fund | 1.00% on all assets |
MainStay U.S. Small Cap Fund |
0.85% up to $1 billion; and 0.80% in excess of $1 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.