EX-99.(H)(5)(C) 25 v472398_ex99-h5c.htm NOTICE OF VOLUNTARY EXPENSE LIMITATION AGREEMENT

 

Exhibit (h)(5)(c)

 

NOTICE OF VOLUNTARY EXPENSE LIMITATION

 

THIS NOTICE OF VOLUNTARY EXPENSE LIMITATION is provided as of February 28, 2017 to MainStay Funds Trust and The MainStay Funds (each, a “Trust”), on behalf of each series of the Trust as set forth on Schedule A (the “Funds”), by New York Life Investment Management LLC (the “Manager”).

 

WHEREAS, each Trust and the Manager are parties to an Amended and Restated Management Agreement, as amended; and

 

WHEREAS, the Manager believes that it is appropriate and in the best interests of the Manager, the Fund, and Fund shareholders to voluntarily limit certain expenses of the Fund as set forth herein;

 

NOW, THEREFORE, this Notice hereby provides as follows:

 

1.The Manager hereby agrees to voluntarily waive fees and/or reimburse Fund expenses, excluding taxes, interest, litigation, extraordinary expenses, brokerage and other transaction expenses relating to the purchase or sale of portfolio investments, and acquired (underlying) fund fees and expenses), to the extent necessary to maintain Total Annual Operating Expenses specified for the class of shares of each Fund listed on Schedule A.

 

2.The waivers and/or reimbursements described in Section 1 above are not subject to recoupment by the Manager.

 

3.The Manager understand and intends that the Funds will rely on this Agreement (1) in preparing and filing amendments to the registration statements for the Trusts on Form N-1A with the Securities and Exchange Commission, (2) in accruing each Fund’s expenses for purposes of calculating its net asset value per share and (3) for certain other purposes and expressly permits the Funds to do so.

 

4.This Notice of Voluntary Expense Limitation may be terminated by the Manager at any time upon written notice to the Trust.

 

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IN WITNESS WHEREOF, the Manager has executed this Notice as of the date first written above.

 

NEW YORK LIFE INVESTMENT MANAGEMENT LLC
     
By: /s/ Stephen P. Fisher  
Name: Stephen P. Fisher  
Title: President  
     
Accepted:    
MainStay Funds Trust
     
By: /s/ Jack R. Benintende  
Name: Jack R. Benintende  
Title: Treasurer  
     
Accepted:    
The MainStay Funds
     
By: /s/ Jack R. Benintende  
Name: Jack R. Benintende  
Title: Treasurer  

 

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SCHEDULE A

  

FUNDS/CLASS VOLUNTARY EXPENSE
LIMITATION

MainStay Common Stock Fund

Class B

Class C

Investor Class

 

2.60%

2.60%

1.85%

MainStay Cornerstone Growth Fund

Class A

Class I

 

1.17%

0.92%

MainStay Epoch International Small Cap Fund

Class C

Investor Class

 

2.60%

1.85%

MainStay ICAP Equity Fund

Class C

Investor Class

Class R1

 

2.60%

1.85%

0.99%

MainStay ICAP International Fund

Class R1

Class R2

 

1.05%

1.30%

MainStay ICAP Select Equity Fund

Class R1

Class R2

 

1.00%

1.25%

MainStay International Equity Fund

Class B

Class C

Investor Class

 

2.60%

2.60%

1.85%

MainStay International Opportunities Fund

Class C

Investor Class

 

2.70%

1.95%

MainStay Large Cap Growth Fund

Class R1

 

0.95%

MainStay S&P 500 Index Fund

Investor Class

 

0.70%

MainStay Total Return Bond Fund

Class R1

Class R2

Class R3

 

0.70%

0.95%

1.20%

MainStay U.S. Equity Opportunities Fund

Class C

Investor Class

 

2.35%

1.60%

 

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