MAINSTAY VP FUNDS TRUST AMENDMENT TO SUBADVISORY AGREEMENT
Exhibit d 9 a
AMENDMENT TO SUBADVISORY AGREEMENT
This Amendment to the Subadvisory Agreement, is made as of the 1st day of October, 2018, between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”) and X. Xxxx Price Associates, Inc. (the “Subadvisor”).
WHEREAS, the Manager and the Subadvisor are parties to the Subadvisory Agreement, dated February 13, 2012, and any amendments thereto (“Agreement”); and
WHEREAS, the Manager and the Subadvisor hereby wish to amend Schedule A of the Agreement to reflect a revised subadvisory fee with respect to the MainStay VP X. Xxxx Price Equity Income Portfolio.
NOW, THEREFORE, the parties agree as follows:
(i) | Effective October 1, 2018, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto. |
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers and attested effective 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 General Counsel | Title: | Chief Executive Officer |
X. XXXX PRICE ASSOCIATES, INC.
Attest: | /s/ Xxxxxxx Xxxxxxxx | By: | /s/ Xxxxxxx Xxxxxxxx | |
Name: | Xxxxxxx Xxxxxxxx | Name: | Xxxxxxx Xxxxxxxx | |
Title: | Vice President | Title: | Vice President |
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SCHEDULE A
(As of October 1, 2018)
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 | |
MainStay VP X. Xxxx Price Equity Income Portfolio |
0.475% on assets up to $50 million; and 0.425% on assets over $50 million
When assets exceed $100 million: When assets exceed $200 million: When assets exceed $500 million: 0.275% on assets over $500 million 0.275% on all assets 0.25% on all assets |
The portion of the fee based upon the average daily net assets of the Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets.
Payment will be made to the by the 10th business day of the month.