MAINSTAY FUNDS TRUST AMENDMENT NO. 1 TO THE
AMENDMENT NO. 1
TO THE
AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment No. 1 to the Amended and Restated Management Agreement is made as of the 5th day of October 2012 between the MainStay Funds Trust, a Delaware business 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 (“NYLIM” or the “Manager”).
WHEREAS, the Trust and NYLIM are parties to an Amended and Restated Management Agreement, dated February 28, 2012 (the “Agreement”); and
WHEREAS, the parties hereby wish to amend the Agreement solely to add the MainStay Marketfield Fund, a series of the Trust.
NOW, THEREFORE, the parties agree as follows:
(i) | Schedule A is hereby deleted in its entirety and replaced with the Schedule A attached hereto. |
IN WITNESS WHEREOF, the parties have executed this Amendment to be effective as of the date first written above.
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: Senior Managing Director
SCHEDULE A
(As of October 5, 2012)
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, at annual fee equal to the following:
FUND | ANNUAL RATE |
130/30 Core Fund | 1.000% on all assets |
130/30 International Fund | 1.100% on all assets |
Balanced Fund | 0.700% up to $ billion; 0.650% from $1 billion to $2 billion; and 0.600% in excess of $2 billion |
Epoch Global Equity Yield Fund | 0.70% on all assets |
Epoch International Small Cap Fund | 1.10% on all assets |
Epoch U.S. Equity Fund |
0.80% on first $500 million; 0.79% in excess of $500 million |
Epoch Global Choice Fund | 1.00% on all assets |
Epoch U.S. All Cap Fund | 0.850% up to $500 million; 0.825% $500 million to $1 billion; and 0.800% in excess of $1 billion |
Cash Reserves Fund | 0.450% up to $500 million; 0.400% from $500 million to $1 billion; and 0.350% in excess of $1 billion |
Conservative Allocation Fund | 0.000%* |
Floating Rate Fund | 0.600% up to $1 billion; and 0.575% in excess of $1 billion |
Growth Allocation Fund | 0.000%* |
Growth Equity Fund | 0.700% up to $500 million; and 0.675% in excess of $500 million |
High Yield Municipal Bond | 0.550% on all assets |
ICAP Equity | 0.800% on all assets |
ICAP Global Fund | 0.800% on all assets |
ICAP International Fund | 0.800% on all assets |
ICAP Select Equity Fund |
0.800% up to $5 billion and; 0.775% in excess of $5 billion |
Indexed Bond Fund | 0.350% up to $1 billion; and 0.300% in excess of $1 billion |
Intermediate Term Bond Fund | 0.600% up to $500 million; and 0.575% from $500 million to $1 billion; and 0.550% in excess of $1 billion |
Marketfield Fund | 1.40% on all assets |
Moderate Allocation Fund | 0.000%* |
Moderate Growth Allocation Fund | 0.000%* |
S&P 500 Index Fund | 0.250% up to $1 billion; 0.225% from $1 billion to $2 billion; 0.215% from $2 billion to $3 billion; and 0.200% in excess of $3 billion |
Short Term Bond Fund | 0.600% up to $500 million; and 0.575% in excess of $500 million |
Retirement 2010 Fund | 0.100% on all assets |
Retirement 2020 Fund | 0.100% on all assets |
Retirement 2030 Fund | 0.100% on all assets |
Retirement 2040 Fund | 0.100% on all assets |
Retirement 2050 Fund | 0.100% on all assets |
U.S. Small Cap Fund | 0.85% up to $1 billion; and 0.800% 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 Company, in connection with assets of the Fund that are invested in such investment companies.