AMENDMENT TO AMENDED AND RESTATED SUBADVISORY AGREEMENT
NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
(the “Trust”)
AMENDMENT TO AMENDED AND RESTATED SUBADVISORY AGREEMENT
This Amendment to the Amended and Restated Subadvisory Agreement is made as of the 18th day of December, 2024, between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”) and Xxxxxx Investment Management North America, LLC, (successor to BNY Mellon Asset Management North America Corporation) a Delaware limited liability company (the “Subadvisor”).
WHEREAS, the Manager and the Subadvisor are parties to the Amended and Restated Subadvisory Agreement, dated March 1, 2023, ("Agreement"); and
WHEREAS, the Manager and the Subadvisor hereby wish to amend Schedule A of the Agreement to reflect the addition of NYLI XX Xxxxxx Technology Growth Portfolio and the following changes to the Trust’s name as well as portfolio names:
Former Trust Name | New Trust Name |
MainStay VP Funds Trust | |
Former Portfolio Name | New Portfolio Name |
MainStay VP Natural Resources Portfolio | NYLI VP Natural Resources Portfolio |
NOW, THEREFORE, the parties agree as follows:
(i) Effective August 12, 2024, the name of the Trust and the names of the portfolios have been changed as set forth.
(ii) Effective December 18, 2024, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the date first written above. This Agreement may be signed in counterparts.
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
Attest: /s/ Xxxxx X. XxXxxxx By: /s/ Xxxx X. Xxxxxxx
Name: Xxxxx X. XxXxxxx Name: Xxxx X. Xxxxxxx
Title: Director and Associate General Counsel Title: Senior Managing Director
XXXXXX INVESTMENT MANAGEMENT NORTH AMERICA, LLC
Attest: /s/ Xxxx Xxxxxx By: /s/ Xxxxx Xxxxxxxxx
Name: Xxxx Xxxxxx Name: Xxxxx Xxxxxxxxx
Title: CIO/Head of Equities Title: Head of North American Institutional & Intermediary
SCHEDULE A
(As of December 18, 2024)
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:
PORTFOLIO | ANNUAL RATE | |
NYLI VP Natural Resources Portfolio | 0.40% on assets up to $150 million; | |
NYLI XX Xxxxxx Technology Growth Portfolio | 0.33%
on assets up to $300 million; | |
The portion of the fee based upon the average daily net assets of the Series 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 Series.
The annual rate is based on the percentage that the Allocated Assets constitutes of the Portfolio’s total average daily net assets.
Payment will be made to the Subadvisor on a monthly basis.
