Exhibit (d)(1)(j)
MAINSTAY VP FUNDS TRUST
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
This Amendment to the Amended and Restated Management Agreement, is effective as of the 1st day of May, 2019 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) remove reference to MainStay VP Epoch U.S. Small Cap Portfolio; (ii) reflect revised management fees for MainStay VP Eagle Small Cap Growth Portfolio; (iii) reflect revised management fees for MainStay VP MacKay Convertible Portfolio; and (iv) reflect revised management fees for MainStay VP MacKay Small Cap Core Portfolio.
NOW, THEREFORE, the parties agree as follows:
| (i) | Effective May 1, 2019, 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/ Y. Rachel Kuo | | By: | /s/ Yie-Hsin Hung |
| Name: | Y. Rachel Kuo | | | Name: | Yie-Hsin Hung |
| Title: | Director and Associate General Counsel | | | Title: | Chief Executive Officer |
| MAINSTAY VP FUNDS TRUST | | | |
| | | | | |
| Attest: | /s/Y. Rachel Kuo | | By: | /s/ Kirk C. Lehneis |
| Name: | Y. Rachel Kuo | | Name: | Kirk C. Lehneis |
| Title: | Assistant Secretary | | Title: | President |
SCHEDULE A
(As of May 1, 2019)
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 0.65% on assets from $1 billion to $2 billion; and 0.60% on assets over $2 billion |
| MainStay VP Bond Portfolio | 0.50% on assets up to $500 million;
0.475% on assets from $500 million to $1 billion; 0.45% on assets from $1 billion to $3 billion; and
0.44% on assets over $3 billion |
| MainStay VP Conservative Allocation Portfolio | 0.00%* |
| MainStay VP Cushing Renaissance Advantage Portfolio | 1.10% on assets up to $500 million; and
1.05% on assets over $500 million |
| MainStay VP Eagle Small Cap Growth Portfolio | 0.81% on assets up to $1 billion; and
0.785% on assets over $1 billion |
| MainStay VP Emerging Markets Equity Portfolio | 1.00% on assets up to $1 billion; and 0.975% on assets over $1 billion |
| MainStay VP Epoch U.S. Equity Yield Portfolio | 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 |
| MainStay VP Fidelity Institutional AMSM Utilities Portfolio | 0.64% on assets up to $1 billion;
0.61% on assets from $1 billion to $3 billion; and
0.60% on assets over $3 billion |
| MainStay VP Floating Rate Portfolio | 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 VP Growth Allocation Portfolio | 0.00%* |
| 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 |
| MainStay VP IQ Hedge Multi-Strategy Portfolio | 0.75% on all assets |
| PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF
DAILY NET ASSETS |
| MainStay VP Janus Henderson Balanced Portfolio | 0.55% on assets up to $1 billion;
0.525% on assets from $1 billion to $2 billion; and
0.515% on assets over $2 billion |
| MainStay VP Large Cap Growth Portfolio | 0.75% on assets up to $500 million;
0.725% on assets from $500 million to $750 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 |
| MainStay VP MacKay Common Stock Portfolio | 0.55% on assets up to $500 million;
0.525% on assets from $500 million to $1 billion; and
0.50% on assets over $1 billion |
| MainStay VP MacKay Convertible Portfolio | 0.60% on assets up to $500 million;
0.55% on assets from $500 million to $1 billion; 0.50% on assets from $1 billion to $2 billion; and 0.49% on assets over $2 billion |
| MainStay VP MacKay Government Portfolio | 0.50% on assets up to $500 million;
0.475% on assets from $500 million to $1 billion; and 0.45% on assets over $1 billion |
| MainStay VP MacKay Growth Portfolio | 0.70% on assets up to $500 million;
0.65% on assets from $500 million to $1 billion;
0.625% on assets from $1 billion to $2 billion; and
0.60% on assets over $2 billion |
| MainStay VP MacKay High Yield Corporate Bond Portfolio | 0.57% on assets up to $1 billion;
0.55% on assets from $1 billion to $5 billion; and 0.525% on assets over $5 billion |
| MainStay VP MacKay International Equity Portfolio | 0.89% on assets up to $500 million; and
0.85% on assets over $500 million |
| MainStay VP MacKay Mid Cap Core Portfolio | 0.85% on assets up to $1 billion; 0.80% on assets from $1 billion to $2 billion; and
0.775% on assets over $2 billion |
| MainStay VP MacKay 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 MacKay Small Cap Core 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 |
| PORTFOLIO | ANNUAL RATE AS A PERCENTAGE OF
DAILY NET ASSETS |
| MainStay VP MacKay Unconstrained Bond Portfolio | 0.60% on assets up to $500 million;
0.55% on assets from $500 million to $1 billion; 0.50% on assets from $1 billion to $5 billion; and 0.475% on assets over $5 billion |
| MainStay VP Mellon Natural Resources Portfolio | 0.79% on assets up to $1 billion; and
0.78% on assets over $1 billion |
| 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 T. Rowe Price Equity Income Portfolio | 0.725% on assets up to $500 million;
0.70% on assets from $500 million to $1 billion; and
0.675% on assets over $1 billion |
| MainStay VP U.S. Government Money Market Portfolio | 0.40% on assets up to $500 million;
0.35% on assets from $500 million to $1 billion; and
0.30% on assets over $1 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.
