MainSTay Funds Trust AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit d 1 l
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement is hereby made as of the 28th day of February, 2018, between the MainStay Funds Trust, a Delaware statutory 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 27, 2015, as amended (the “Agreement”); and
WHEREAS, the Trust and the Manager hereby wish to amend Schedule A of the Agreement to: (i) remove the MainStay Epoch International Small Cap Fund; (ii) reflect revised management fees with respect to the MainStay Candriam Emerging Markets Equity Fund, MainStay Xxxxxxx Renaissance Advantage Fund, MainStay MacKay Emerging Markets Equity Fund, MainStay MacKay High Yield Municipal Bond Fund and MainStay MacKay Tax Free Bond Fund; and (iii) change the names of certain Funds as follows:
| Former Name |
New Name
|
| MainStay California Tax Free Opportunities Fund | MainStay MacKay California Tax Free Opportunities Fund |
| MainStay Cornerstone Growth Fund | MainStay MacKay Growth Fund |
| MainStay Emerging Markets Debt Fund | MainStay MacKay Emerging Markets Debt Fund |
| MainStay Emerging Markets Equity Fund | MainStay MacKay Emerging Markets Equity Fund |
| MainStay High Yield Municipal Bond Fund | MainStay MacKay High Yield Municipal Bond Fund |
| MainStay International Opportunities Fund | MainStay MacKay International Opportunities Fund |
| MainStay New York Tax Free Opportunities Fund | MainStay MacKay New York Tax Free Opportunities Fund |
| MainStay S&P 500 Index Fund | MainStay MacKay S&P 500 Index Fund |
| MainStay Short Duration High Yield Fund | MainStay MacKay Short Duration High Yield Fund |
| MainStay Tax Advantaged Short Term Bond Fund | MainStay MacKay Tax Advantaged Short Term Bond Fund |
NOW, THEREFORE, the parties agree as follows:
| (i) | 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/ Xxxxxx Xxxxx | By: | /s/ Yie-Xxxx Xxxx | ||
| Name: | Xxxxxx Xxxxx | Name: | Yie-Xxxx Xxxx | ||
| Title: | Director and Associate General Counsel | Title: | Chief Executive Officer |
| Attest: | /s/ Xxxxxx Xxxxx | By: | /s/ Xxxx X. Xxxxxxx | ||
| Name: | Xxxxxx Xxxxx | Name: | Xxxx X. Xxxxxxx | ||
| Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of February 28, 2018)
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 Absolute Return Multi-Strategy Fund | 1.25% on all assets* |
| MainStay Balanced Fund | 0.70% on assets up to $1 billion; 0.65% on assets from $1 billion to $2 billion; and 0.60% on assets over $2 billion |
| MainStay Candriam Emerging Markets Equity Fund |
1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion |
| MainStay Conservative Allocation Fund | 0.00%** |
| MainStay Xxxxxxx MLP Premier Fund |
1.10% on assets up to $3 billion; and 1.05% on assets over $3 billion |
|
MainStay Xxxxxxx Renaissance Advantage Fund
|
1.10% on assets up to $500 million; and 1.05% on assets over $500 million
|
| MainStay Xxxxxxx Energy Income Fund | 0.95% on all assets |
| MainStay Epoch Capital Growth Fund | 0.75% on all assets |
| MainStay Epoch Global Choice Fund |
0.95% on assets up to $500 million; and 0.90% on assets over $500 million
|
| MainStay Epoch Global Equity Yield Fund | 0.70% on all assets |
| MainStay Epoch International Choice Fund |
0.80% on assets up to $5 billion; 0.775% on assets from $5 billion to $7.5 billion; and 0.75% on assets over $7.5 billion |
| MainStay Epoch U.S. All Cap Fund |
0.85% on assets up to $500 million; 0.825% on assets from $500 million to $1 billion; and 0.80% on assets over $1 billion |
| MainStay Epoch U.S. Equity Yield Fund | 0.70% on assets up to $500 million; 0.68% on assets from $500 million to $1 billion; 0.66% on assets from $1 billion to $2 billion; and 0.65% on assets over $2 billion |
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| FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS
|
| MainStay Epoch U.S. Small Cap Fund |
0.85% on assets up to $1 billion; and 0.80% on assets over $1 billion
|
| MainStay Floating Rate Fund |
0.60% on assets up to $1 billion; 0.575% on assets from $1 billion to $3 billion; and 0.565% on assets over $3 billion
|
| MainStay Growth Allocation Fund | 0.00%**
|
| MainStay Indexed Bond Fund |
0.25% on assets up to $1 billion; and 0.20% on assets over $1 billion
|
| MainStay MacKay California Tax Free Opportunities Fund | 0.50% on all assets
|
|
MainStay MacKay Emerging Markets Equity Fund
|
1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion
|
| MainStay MacKay Growth Fund |
0.70% on assets up to $500 million;
|
| MainStay MacKay High Yield Municipal Bond Fund |
0.55% on assets up to $1 billion; 0.54% on assets from $1 billion to $3 billion; 0.53% on assets from $3 billion to $5 billion; and
|
| MainStay MacKay International Opportunities Fund | 1.10% on all assets
|
| MainStay MacKay New York Tax Free Opportunities Fund | 0.50% on all assets
|
| MainStay MacKay S&P 500 Index Fund |
0.16% on assets up to $2.5 billion; and 0.15% on assets over $2.5 billion
|
| MainStay MacKay Short Duration High Yield Fund | 0.65% on all assets
|
| MainStay MacKay Tax Advantaged Short Term Bond Fund | 0.45% on all assets
|
| MainStay MacKay Total Return Bond Fund |
0.50% on assets up to $1 billion; 0.475% on assets from $1 billion to $3 billion; and 0.465% on assets over $3 billion
|
| MainStay MacKay U.S. Equity Opportunities Fund |
1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion
|
| MainStay Moderate Allocation Fund | 0.00%**
|
| MainStay Moderate Growth Allocation Fund | 0.00%**
|
| MainStay Retirement 2010 Fund | 0.10% |
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| FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS
|
| 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 Retirement 2060 Fund | 0.10% |
*The Manager agrees to waive the Fund’s management fee in an amount equal to any management fees paid to the Manager by the Fund’s Cayman Subsidiary, as defined in the Fund’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 Fund’s Cayman Subsidiary is in place.
** 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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