MainSTay Funds Trust AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Management Agreement is hereby made as of the 25th day of May, 2012, between 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 (the “Manager”).
WHEREAS, the Trust and the Manager are parties to the Amended and Restated Management Agreement, dated February 28, 2012, as amended (the “Agreement”); and
WHEREAS, the parties hereby wish to amend the Agreement to reflect the addition of the MainStay Balanced Fund and MainStay U.S. Small Cap Fund.
NOW, THEREFORE, the parties agree as follows:
(i) | Effective May 25, 2012, 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 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/ Xxxxx X. Xxxx | By: | /s/ Xxxxxxx X. Xxxxxx |
Name: | Xxxxx X. Xxxx | Name: | Xxxxxxx X. Xxxxxx |
Title: | Director and Associate General Counsel | Title: | Senior Managing Director |
Attest: | /s/ Xxxxx X. Xxxx | By: | /s/ Xxxx X. Xxxxxxxxxx |
Name: | Xxxxx X. Xxxx | Name: | Xxxx X. Xxxxxxxxxx |
Title: | Assistant Secretary | Title: | Treasurer |
SCHEDULE A
(As of May 25, 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, an annual fee equal to the following:
FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay 130/30 Core Fund | 1.000% |
MainStay 130/30 International Fund | 1.100% |
MainStay Balanced Fund | 0.700% up to $1 billion; 0.650% from $1 billion to $2 billion; and 0.600% in excess of $2 billion |
MainStay Conservative Allocation Fund | 0.000%* |
MainStay Epoch Global Choice Fund | 1.00% on all assets |
MainStay Epoch Global Equity Yield Fund | 0.70% on all assets |
MainStay Epoch International Small Cap Fund | 1.10% on all assets |
MainStay 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 |
MainStay Epoch U. S. Equity Fund |
0.80% up to $500 million; and 0.79% in excess of $500 million |
MainStay Floating Rate Fund |
0.600% up to $1 billion; 0.575% from $1 billion to $3 billion; and 0.565% in excess of $3 billion |
MainStay Growth Allocation Fund | 0.000%* |
MainStay Growth Equity Fund |
0.700% up to $500 million; and 0.675% in excess of $500 million |
MainStay High Yield Municipal Bond Fund | 0.55% |
MainStay ICAP Equity Fund |
0.80% up to $5 billion; and 0.775% in excess of $5 billion |
FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay ICAP International Fund |
0.80% up to $5 billion; and 0.775% in excess of $5 billion |
MainStay ICAP Global Fund | 0.80% |
MainStay ICAP Select Equity Fund |
0.80% up to $5 billion; and 0.775% in excess of $5 billion |
MainStay Indexed Bond Fund |
0.350% up to $1 billion; and 0.300% in excess of $1 billion |
MainStay 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 |
MainStay Moderate Allocation Fund | 0.000%* |
MainStay Moderate Growth Allocation Fund | 0.000%* |
MainStay New York Tax Free Opportunities Fund | 0.50% on all assets |
MainStay 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 |
MainStay Short Term Bond Fund |
0.600% up to $500 million; and 0.575% in excess of $500 million |
MainStay Retirement 2010 Fund | 0.10% |
MainStay Retirement 2020 Fund | 0.10% |
MainStay Retirement 2030 Fund | 0.10% |
MainStay Retirement 2040 Fund | 0.10% |
MainStay Retirement 2050 Fund | 0.10% |
MainStay U.S. Small Cap Fund |
0.850% 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.