MAINSTAY VP FUNDS TRUST AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit d 1 a
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement, is made as of the 15th day of January 2016, between MainStay VP Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of its series as set forth on Schedule A (each, a “Portfolio” and collectively, the “Portfolios”), and New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”).
WHEREAS, the parties hereto have entered into an Amended and Restated Management Agreement, as amended (the “Agreement”); and
WHEREAS, the parties hereby wish to amend Schedule A of the Agreement to reflect the addition of the MainStay VP Absolute Return Multi-Strategy Portfolio (formerly, the MainStay VP Marketfield Portfolio).
NOW, THEREFORE, the parties agree as follows:
| (i) | Effective January 15, 2016, Schedule A is deleted in its entirety and replaced to add the MainStay VP Absolute Return Multi-Strategy Portfolio in place of the MainStay VP Marketfield Portfolio, as set forth in 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 | Title: | Chief Executive Officer | |
| General Counsel |
| Attest: | /s/ Xxxxxx Xxxxx | By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxx Xxxxx | Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of January 15, 2016)
For all services rendered by the Manager hereunder, each Portfolio 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:
| Portfolios |
ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
|
MainStay VP Absolute Return Multi-Strategy Portfolio
|
1.25% on all assets* |
| MainStay VP Balanced Portfolio |
0.70% up to $1 billion; and 0.65% from $1 billion to $2 billion; and 0.60% in excess of $2 billion
|
| MainStay XX Xxxx Portfolio |
0.50% up to $500 million; 0.45% from $1 billion to $3 billion; and
|
| MainStay VP Cash Management Portfolio | 0.45%
up to $500 million;
|
|
MainStay VP Common Stock Portfolio
|
0.55% up to $500 million;
|
|
MainStay VP Conservative Allocation Portfolio
|
0.00% |
| MainStay VP Convertible Portfolio |
0.60% up to $500 billion; 0.50% in excess of $1 billion
|
|
MainStay VP Cornerstone Growth Portfolio
|
0.70% up to $500 million; 0.675% from $500 million to $1 billion; and 0.65% in excess of $1 billion
|
|
MainStay XX Xxxxxxx Renaissance Advantage Portfolio
|
1.25% on all assets |
| MainStay Emerging Markets Equity Portfolio |
1.10% up to $1 billion; and 1.09% in excess of $1 billion
|
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|
MainStay VP Eagle Small Cap Growth Portfolio
|
0.81% on all assets |
|
MainStay VP Floating Rate Portfolio
|
0.60% up to $1 billion; 0.565% in excess of $3 billion
|
|
MainStay VP Government Portfolio |
0.50% up to $500 million;
|
|
MainStay VP Growth Allocation Portfolio
|
0.00%
|
| MainStay VP High Yield Corporate Bond Portfolio |
0.57% up to $1 billion; 0.525% in excess of $5 billion
|
| MainStay VP ICAP Select Equity Portfolio |
0.80% up to $250 million; 0.74% in excess of $1 billion
|
| MainStay VP Income Builder Portfolio |
0.57% up to $1 billion; and 0.55% in excess of $1 billion
|
| MainStay VP International Equity Portfolio | 0.89%
up to $500 million; and
|
| MainStay XX Xxxxx Balanced Portfolio |
0.55% on all assets
|
| MainStay VP Large Cap Growth Portfolio |
0.75% up to $500 million; 0.71% from $750 million to $1 billion; 0.70% from $1 billion to $2 billion; 0.66% from $2 billion to $3 billion; 0.61% from $3 billion to $7 billion; 0.585% from $7 billion to $9 billion; and 0.575% in excess of $9 billion
|
| MainStay VP MFS Utilities Portfolio |
0.73% up to $1 billion; and 0.70% in excess of $1 billion |
|
MainStay VP Mid Cap Core Portfolio
|
0.85% up to $1 billion; and 0.80% in excess of $1 billion |
| 4 |
|
MainStay VP Moderate Allocation Portfolio
|
0.00%
|
| MainStay VP Moderate Growth Allocation Portfolio | 0.00% |
| MainStay VP PIMCO Real Return Portfolio | 0.50% on all assets |
| MainStay VP S&P 500 Index Portfolio |
0.25% up to $1 billion; 0.20% in excess of $3 billion
|
| MainStay X. Xxxx Price Equity Income Portfolio | 0.75% up to $500 million; and 0.725% in excess of $500 million |
|
MainStay VP Unconstrained Bond Portfolio
|
0.60% up to $500 million; 0.50% from $1 billion to $5 billion; and 0.475% in excess of $5 billion
|
|
MainStay VP U.S. Small Cap Portfolio
|
0.80% up to $200 million; 0.70% in excess of $1 billion
|
| MainStay XX Xxx Xxx Global Hard Assets Portfolio |
0.89% up to $1 billion; and 0.88% in excess of $1 billion
|
*The Manager agrees to waive the Portfolio’s management fee in an amount equal to any management fees paid to the Manager by the Portfolio’s Cayman Subsidiary, as defined in the Portfolio’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 Portfolio’s Cayman Subsidiary is in place.
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