MAINSTAY VP FUNDS TRUST AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit (d)(1)(k)
AMENDMENT TO THE AMENDED AND RESTATED
MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement, is effective as of the 28th day of February, 2020 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, dated May 1, 2015, as amended (the “Agreement”); and
WHEREAS, the Trust and the Manager hereby wish to amend Schedule A of the Agreement to reflect the renaming of MainStay XX Xxxxxxx Renaissance Advantage Portfolio to MainStay VP CBRE Global Infrastructure Portfolio.
NOW, THEREFORE, the parties agree as follows:
(i) | Effective February 28, 2020, 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 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. XxXxxxx | By: | /s/ Yie-Xxxx Xxxx | |
Name: | Xxxxx X. XxXxxxx | Name: | Yie-Xxxx Xxxx | |
Title: | Director and Associate General Counsel | Title: | Chief Executive Officer | |
MAINSTAY VP FUNDS TRUST | ||||
Attest: | /s/ Xxxxx X. XxXxxxx | By: | /s/ Xxxx X. Xxxxxxx | |
Name: | Xxxxx X. XxXxxxx | Name: | Xxxx X. Xxxxxxx | |
Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of February 28, 2020)
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:
PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay VP Balanced Portfolio | 0.70% on assets up to $1 billion; and
|
MainStay XX Xxxx Portfolio | 0.50% on assets up to $500 million;
|
MainStay VP CBRE Global Infrastructure Portfolio | 0.85% on all assets
|
MainStay VP Conservative Allocation Portfolio | 0.00%*
|
MainStay VP Eagle Small Cap Growth Portfolio | 0.81% on assets up to $1 billion; and
|
MainStay VP Emerging Markets Equity Portfolio | 1.00% on assets up to $1 billion; and
|
MainStay VP Epoch U.S. Equity Yield Portfolio | 0.70% on assets up to $500 million; 0.65% on assets over $2 billion |
MainStay VP Fidelity Institutional AMSM Utilities Portfolio | 0.64% on assets up to $1 billion; 0.60% on assets over $3 billion |
MainStay VP Floating Rate Portfolio | 0.60% on assets up to $1 billion;
|
MainStay VP Growth Allocation Portfolio | 0.00%*
|
MainStay VP Income Builder Portfolio | 0.57% on assets up to $1 billion; and
|
MainStay VP Indexed Bond Portfolio | 0.25% on assets up to $1 billion; and |
MainStay VP IQ Hedge Multi-Strategy Portfolio | 0.75% on all assets
|
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PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay VP Xxxxx Xxxxxxxxx Balanced Portfolio | 0.55% on assets up to $1 billion;
|
MainStay VP Large Cap Growth Portfolio | 0.75% on assets up to $500 million;
|
MainStay XX XxxXxx Common Stock Portfolio | 0.55% on assets up to $500 million;
|
MainStay XX XxxXxx Convertible Portfolio | 0.60% on assets up to $500 million;
|
MainStay XX XxxXxx Government Portfolio | 0.50% on assets up to $500 million;
|
MainStay XX XxxXxx Growth Portfolio | 0.70% on assets up to $500 million;
|
MainStay XX XxxXxx High Yield Corporate Bond Portfolio | 0.57% on assets up to $1 billion;
|
MainStay XX XxxXxx International Equity Portfolio | 0.89%
on assets up to $500 million; and
|
MainStay XX XxxXxx Mid Cap Core Portfolio | 0.85% on assets up to $1 billion;
|
MainStay XX XxxXxx S&P 500 Index Portfolio | 0.16% on assets up to $2.5 billion; and
|
MainStay XX XxxXxx Small Cap Core Portfolio | 0.80% on assets up to $1 billion;
|
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PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF DAILY NET ASSETS |
MainStay XX XxxXxx Unconstrained Bond Portfolio | 0.60% on assets up to $500 million;
|
MainStay XX Xxxxxx Natural Resources Portfolio | 0.79% on assets up to $1 billion; and
|
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 X. Xxxx Price Equity Income Portfolio | 0.725%
on assets up to $500 million;
|
MainStay VP U.S. Government Money Market Portfolio | 0.40% on assets up to $500 million;
|
* | 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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