MainSTay Funds Trust AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit d 1 d
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement is hereby made as of the 25th day of March, 2016, 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 reflect revisions with respect to the MainStay Xxxxxxx MLP Premier Fund, MainStay Xxxxxxx Royalty Energy Income Fund and MainStay Epoch U.S. Equity Yield 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/ Xxxxxxx X. Xxxxxx |
| Name: | Xxxxxx Xxxxx | Name: | Xxxxxxx X. Xxxxxx |
| Title: | Assistant Secretary | Title: | President |
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SCHEDULE A
(As of February 29, 2016 except as otherwise noted below)
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 in excess of $2 billion |
| MainStay California Tax Free Opportunities Fund | 0.50% on all assets |
| MainStay Conservative Allocation Fund | 0.00%** |
| MainStay Cornerstone Growth Fund |
0.70% on assets up to $500 million; 0.675% on assets from $500 million to $1 billion; and 0.65% on assets in excess of $1 billion |
| MainStay Xxxxxxx MLP Premier Fund*** |
1.10% on assets up to $3 billion; and 1.05% on assets in excess of $3 billion |
| MainStay Xxxxxxx Renaissance Advantage Fund | 1.25% on all assets |
|
MainStay Xxxxxxx Energy Income Fund*** (formerly MainStay Xxxxxxx Royalty Energy Income Fund) |
0.95% on all assets |
| MainStay Emerging Markets Opportunities Fund | 1.10% on all assets |
| 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 |
0.85% on assets up to $500 million; 0.825% on assets from $500 million to $1 billion; and 0.80% on assets in excess of $1 billion |
| MainStay Epoch U.S. Equity Yield Fund**** |
0.70% on assets up to $500 million; and 0.69% on assets in excess of $500 million |
| 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 in excess of $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 in excess of $3 billion |
| MainStay Growth Allocation Fund | 0.00%** |
| MainStay High Yield Municipal Bond Fund |
0.55% on assets up to $1 billion; 0.54% on assets from $1 billion to $3 billion; and 0.53% on assets in excess of $3 billion |
| MainStay High Yield Opportunities Fund |
0.80% on assets up to $3 billion; and 0.775% on assets in excess of $3 billion |
| MainStay ICAP Equity 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 in excess of $7.5 billion |
| MainStay ICAP International 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 in excess of $7.5 billion |
| MainStay ICAP Select Equity 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 in excess of $7.5 billion |
| MainStay Indexed Bond Fund |
0.25% on assets up to $1 billion; and 0.20% on assets in excess of $1 billion |
| MainStay International Opportunities Fund | 1.10% on all assets |
| MainStay Marketfield Fund |
1.40% on assets up to $7.5 billion; 1.38% on assets from $7.5 billion to $15 billion; and 1.36% on assets in excess of $15 billion |
| MainStay Moderate Allocation Fund | 0.00%** |
| MainStay Moderate Growth Allocation Fund | 0.00%** |
| MainStay New York Tax Free Opportunities Fund | 0.50% on all assets |
| MainStay Retirement 2010 Fund | 0.10% |
| MainStay Retirement 2020 Fund | 0.10% |
| FUND | ANNUAL RATE AS A PERCENTAGE OF DAILY NET ASSETS |
| MainStay Retirement 2030 Fund | 0.10% |
| MainStay Retirement 2040 Fund | 0.10% |
| MainStay Retirement 2050 Fund | 0.10% |
| MainStay Retirement 2060 Fund | 0.10% |
| MainStay S&P 500 Index Fund |
0.25% on assets up to $1 billion; 0.225% on assets from $1 billion to $2 billion; 0.215% on assets from $2 billion to $3 billion; and 0.20% on assets in excess of $3 billion |
| MainStay Short Duration High Yield Fund | 0.65% on all assets |
| MainStay Tax Advantaged Short Term Bond Fund | 0.45% on all assets |
| MainStay Total Return Bond Fund |
0.50% on assets up to $1 billion; and 0.475% on assets from $ 1 billion to $3 billion; and 0.465% on assets in excess of $3 billion |
| MainStay U.S. Equity Opportunities Fund | 1.00% on all assets |
*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.
***Effective March 31, 2016.
****Effective March 25, 2016.
