MainStay Funds Trust Amendment to the Subadvisory Agreement
Exhibit
d 5 a
Amendment
to the Subadvisory Agreement
This
Amendment to the Subadvisory Agreement, is made as of the 1st day of
August, 2010, between New York Life Investment Management LLC (the “Manager”),
and Institutional Capital LLC (the “Subadvisor”).
WITNESSETH:
WHEREAS, the Manager and the
Subadvisor are parties to a Subadvisory Agreement, dated February 26, 2010 (the
“Subadvisory Agreement”); and
WHEREAS, the parties hereby
wish to amend the Subadvisory Agreement to
reflect revisions to the subadvisory fee for MainStay
ICAP Select Equity Fund.
NOW, THEREFORE, the parties
hereto agree as follows:
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(i)
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Effective
August 1, 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 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
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Attest:
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/s/ Xxxxx X. Xxxx |
By:
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/s/ Xxxxxxx X. Xxxxxx
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Name:
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Xxxxx
X. Xxxx
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Name:
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Xxxxxxx X. Xxxxxx
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Title:
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Vice
President and
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Title:
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Senior Managing Director
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Assistant
General Counsel
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INSTITUTIONAL
CAPITAL LLC
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Attest:
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/s/ Xxxxx Franc
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By: | /s/ Xxxxxxx X. Xxxxxx | ||
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Name:
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Xxxxx
Franc
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Name:
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Xxxxxxx X. Xxxxxx
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Title:
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Chief
Compliance Officer
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Title:
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Chief Executive
Officer
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SCHEDULE
A
(as of
August 1, 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, at an annual subadvisory fee equal to the
following:
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Fund
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Annual
Rate as a Percentage of Daily Net Assets
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MainStay
ICAP Equity Fund
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.40%
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MainStay
ICAP Select Equity Fund
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.40%
up to $5 billion; and .3875%
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in
excess of $5 billion
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MainStay
ICAP International Equity Fund
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.40%
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MainStay
ICAP Global Fund
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.40%
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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.
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