MAINSTAY VP FUNDS TRUST
This Amendment to the Amended and Restated Management Agreement, is effective as of the 1st day of May, 2024 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: (i) rename MainStay XX XxxXxx Government Portfolio to MainStay XX XxxXxx U.S. Infrastructure Bond Portfolio; (ii) rename MainStay VP IQ Hedge Multi-Strategy Portfolio to MainStay VP Hedge Multi-Strategy Portfolio; and (iii) reflect revised management fees for MainStay MacKay Convertible Portfolio.
NOW, THEREFORE, the parties agree as follows:
(i) Effective May 1, 2024, 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/ Xxxx X. Xxxxxxx
Name: Xxxxx X. XxXxxxx Name: Xxxx X. Xxxxxxx
Title: Director and Associate General Counsel Title: Senior Managing Director
Attest: /s/ Xxxxx X. XxXxxxx By: /s/ Xxxx X. Xxxxxxx
Name: Xxxxx X. XxXxxxx Name: Xxxx X. Xxxxxxx
Title: Assistant Secretary Title: President
SCHEDULE A
(As of May 1, 2024)
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 |
MainStay VP American Century Sustainable Equity Portfolio | 0.63%
on assets up to $500 million; |
MainStay VP Balanced Portfolio | 0.65% on assets up to $1 billion; and 0.625% on assets from $1 billion to $2 billion; and 0.60% on assets over $2 billion |
MainStay XX Xxxx Portfolio | 0.50%
on assets up to $500 million; 0.45%
on assets from $1 billion to $3 billion; and |
MainStay VP Candriam Emerging Markets Equity Portfolio | 1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion |
MainStay VP CBRE Global Infrastructure Portfolio | 0.85% on assets up to $3 billion; and 0.84% on assets over $3 billion |
MainStay VP Conservative Allocation Portfolio | 0.00%* |
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 Equity Allocation Portfolio | 0.00%* |
MainStay VP Fidelity Institutional AMSM Utilities Portfolio | 0.64%
on assets up to $1 billion; |
MainStay VP Floating Rate Portfolio | 0.60% on assets up to $1 billion; 0.565% on assets over $3 billion |
MainStay VP Growth Allocation Portfolio | 0.00%* |
MainStay VP Hedge Multi-Strategy Portfolio | 0.75% on all assets |
MainStay VP Income Builder Portfolio | 0.57% on assets up to $1 billion; and 0.55% on assets over $1 billion |
MainStay VP Indexed Bond Portfolio | 0.25% on assets up to $1 billion; and 0.20% on assets over $1 billion |
PORTFOLIO | ANNUAL
RATE AS A PERCENTAGE OF |
MainStay VP Xxxxx Xxxxxxxxx Balanced Portfolio | 0.55%
on assets up to $1 billion; |
MainStay XX XxxXxx Convertible Portfolio | 0.60% on assets up to $500 million; 0.50% on assets from $1 billion to $2 billion; 0.49% on assets from $2 billion to $5 billion; and 0.48% on assets over $5 billion |
MainStay XX XxxXxx High Yield Corporate Bond Portfolio | 0.57% on assets up to $1 billion; 0.525% on assets over $5 billion |
MainStay XX XxxXxx Strategic Bond Portfolio | 0.60%
on assets up to $500 million; 0.50% on assets from $1 billion to $5 billion; and 0.475% on assets over $5 billion |
MainStay XX XxxXxx U.S. Infrastructure Bond Portfolio | 0.50% on assets up to $500 million; 0.45% on assets over $1 billion |
MainStay VP Moderate Allocation Portfolio | 0.00%* |
MainStay VP Natural Resources Portfolio | 0.79%
on assets up to $1 billion; and |
MainStay VP PIMCO Real Return Portfolio | 0.50% on all assets |
MainStay VP PineStone International Equity Portfolio | 0.80% on all assets |
MainStay VP Small Cap Growth Portfolio | 0.81%
on assets up to $1 billion; and |
MainStay VP S&P 500 Index Portfolio | 0.16% on assets up to $2.5 billion; and 0.15% on assets over $2.5 billion |
MainStay VP U.S. Government Money Market Portfolio | 0.40% on assets up to $500 million; |
MainStay VP Wellington Growth Portfolio | 0.70%
on assets up to $500 million; |
MainStay VP Wellington Mid Cap Portfolio | 0.85% on assets up to $1 billion; 0.80% on assets from $1 billion to $2 billion; and |
PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF |
MainStay VP Wellington Small Cap Portfolio | 0.80% on assets up to $1 billion; 0.775% on assets from $1 billion to $2 billion; and 0.75% on assets over $2 billion |
MainStay VP Wellington U.S. Equity Portfolio | 0.55% on assets up to $500 million; 0.49% on assets over $3 billion |
MainStay XX Xxxxxxx Large Cap Growth Portfolio | 0.75%
on assets up to $500 million; 0.71% on assets from $750 million to $1 billion; 0.70% on assets from $1 billion to $2 billion; 0.66% on assets from $2 billion to $3 billion; 0.61% on assets from $3 billion to $7 billion; 0.585% on assets from $7 billion to $9 billion; and 0.575% on assets over $9 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 Trust, in connection with assets of the Fund that are invested in such investment companies.
