MainSTay Funds Trust FORM OF AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit d 1 f
FORM OF AMENDMENT
TO THE AMENDED AND RESTATED
MANAGEMENT AGREEMENT
This Form of Amendment to the Amended and Restated Management Agreement is hereby made as of the 28th day of February, 2017, 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: (i) reflect revised management fees with respect to the MainStay Emerging Markets Opportunities Fund, MainStay Epoch Global Choice Fund and MainStay U.S. Equity Opportunities Fund; (ii) change the name of the MainStay Emerging Markets Opportunities Fund to MainStay Emerging Markets Equity Fund; and (iii) remove the MainStay High Yield Opportunities Fund.
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. |
[The remainder of this page has been left blank intentionally.]
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: | By: | |||
| Name: | Xxxxxx Xxxxx | Name: | Yie-Xxxx Xxxx | |
| Title: | Director and Associate General Counsel | Title: | Chief Executive Officer | |
| MAINSTAY FUNDS TRUST | ||||
| Attest: | By: | |||
| Name: | Xxxxxx Xxxxx | Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Assistant Secretary | Title: | President | |
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SCHEDULE A
(As of February 28, 2017)
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 Absolute Return Multi-Strategy Fund | 1.25% on all assets* | |
| MainStay Balanced Fund | 0.70% on assets up to $1 billion; 0.65% on assets from $1 billion to $2 billion; and 0.60% on assets 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% on assets up to $500 million; 0.65% on assets from $500 million to $1 billion; 0.625% on assets from $1 billion to $2 billion; and 0.60% on assets in excess of $2 billion. | |
| MainStay Xxxxxxx MLP Premier Fund |
1.10% on assets up to $3 billion; and 1.05% on assets in excess of $3 billion | |
| MainStay Xxxxxxx Renaissance Advantage Fund | 1.25% on all assets | |
| MainStay Xxxxxxx Energy Income Fund | 0.95% on all assets | |
|
MainStay Emerging Markets Equity Fund (formerly MainStay Emerging Markets Opportunities Fund) |
1.05% on assets up to $1 billion; and 1.025% on assets in excess of $1 billion
| |
| MainStay Epoch Capital Growth Fund | 0.75% on all assets | |
| MainStay Epoch Global Choice Fund |
0.95% on assets up to $500 million; and 0.90% on assets in excess of $500 million | |
| MainStay Epoch Global Equity Yield Fund | 0.70% on all assets | |
| MainStay Epoch International Small Cap Fund | 1.10% on all assets |
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| MainStay Epoch U.S. All Cap Fund |
0.85% on assets up to $500 million; 0.825% on assets from $500 million to $1 billion; and 0.80% on assets in excess of $1 billion | |
| MainStay Epoch U.S. Equity Yield Fund |
0.70% on assets up to $500 million; and 0.69% on assets in excess of $500 million | |
| MainStay Epoch U.S. Small Cap Fund |
0.85% on assets up to $1 billion; and 0.80% on assets in excess of $1 billion | |
| MainStay Floating Rate Fund |
0.60% on assets up to $1 billion; 0.575% on assets from $1 billion to $3 billion; and 0.565% on assets in excess of $3 billion | |
| MainStay Growth Allocation Fund | 0.00%** | |
| MainStay High Yield Municipal Bond Fund |
0.55% on assets up to $1 billion; 0.54% on assets from $1 billion to $3 billion; and 0.53% on assets in excess of $3 billion | |
| MainStay ICAP Equity Fund |
0.80% on assets up to $5 billion; 0.775% on assets from $5 billion to $7.5 billion; and 0.75% on assets in excess of $7.5 billion | |
| MainStay ICAP International Fund |
0.80% on assets up to $5 billion; 0.775% on assets from $5 billion to $7.5 billion; and 0.75% on assets in excess of $7.5 billion
| |
| MainStay ICAP Select Equity Fund |
0.80% on assets up to $5 billion; 0.775% on assets from $5 billion to $7.5 billion; and 0.75% on assets in excess of $7.5 billion | |
| MainStay Indexed Bond Fund |
0.25% on assets up to $1 billion; and 0.20% on assets in excess of $1 billion | |
| MainStay International Opportunities Fund | 1.10% on all assets | |
| 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% | |
| MainStay Retirement 2020 Fund | 0.10% | |
| MainStay Retirement 2030 Fund | 0.10% |
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| MainStay Retirement 2040 Fund | 0.10% | |
| MainStay Retirement 2050 Fund | 0.10% | |
| MainStay Retirement 2060 Fund | 0.10% | |
| MainStay S&P 500 Index Fund |
0.25% on assets up to $1 billion; 0.225% on assets from $1 billion to $2 billion; 0.215% on assets from $2 billion to $3 billion; and 0.20% on assets in excess of $3 billion | |
| MainStay Short Duration High Yield Fund | 0.65% on all assets | |
| MainStay Tax Advantaged Short Term Bond Fund | 0.45% on all assets | |
| MainStay Total Return Bond Fund |
0.50% on assets up to $1 billion; and 0.475% on assets from $ 1 billion to $3 billion; and 0.465% on assets in excess of $3 billion | |
| MainStay U.S. Equity Opportunities Fund |
1.00% on assets up to $1 billion; and 0.975% on assets in excess of $1 billion |
*The Manager agrees to waive the Fund’s management fee in an amount equal to any management fees paid to the Manager by the Fund’s Cayman Subsidiary, as defined in the Fund’s prospectus. The Manager may no terminate this agreement to waive management fees, which will remain in effect for as long as the Manager’s management agreement with the Fund’s Cayman Subsidiary is in place.
** 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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