EX-99.D ADVSR CONTR 9 ex99dadvsrcontr-1.htm

NEW YORK LIFE INVESTMENTS 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 12th day of August, 2024 between New York Life Investments 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 this Agreement to reflect the following changes to the Trust’s and each Portfolio’s name:

  

Former Trust Name

New Trust Name

MainStay VP Funds Trust

New York Life Investments VP Funds Trust

  

Former Series Name

New Series Name

MainStay VP American Century Sustainable Equity Portfolio

NYLI VP American Century Sustainable Equity Portfolio

MainStay VP Balanced Portfolio

NYLI VP Balanced Portfolio

MainStay VP Bond Portfolio

NYLI VP Bond Portfolio

MainStay VP Candriam Emerging Markets Equity Portfolio

NYLI VP Candriam Emerging Markets Equity Portfolio

MainStay VP CBRE Global Infrastructure Portfolio

NYLI VP CBRE Global Infrastructure Portfolio

MainStay VP Conservative Allocation Portfolio

NYLI VP Conservative Allocation Portfolio

MainStay VP Epoch U.S. Equity Yield Portfolio

NYLI VP Epoch U.S. Equity Yield Portfolio

MainStay VP Equity Allocation Portfolio

NYLI VP Equity Allocation Portfolio

MainStay VP Fidelity Institutional AMSM Utilities Portfolio

NYLI VP Fidelity Institutional AMSM Utilities Portfolio

MainStay VP Floating Rate Portfolio

NYLI VP Floating Rate Portfolio

MainStay VP Growth Allocation Portfolio

NYLI VP Growth Allocation Portfolio

MainStay VP Income Builder Portfolio

NYLI VP Income Builder Portfolio

MainStay VP Indexed Bond Portfolio

NYLI VP Indexed Bond Portfolio

MainStay VP Hedge Multi-Strategy Portfolio

NYLI VP Hedge Multi-Strategy Portfolio

MainStay VP Janus Henderson Balanced Portfolio

NYLI VP Janus Henderson Balanced Portfolio

MainStay VP MacKay Convertible Portfolio

NYLI VP MacKay Convertible Portfolio

MainStay VP MacKay U.S. Infrastructure Bond Portfolio

NYLI VP MacKay U.S. Infrastructure Bond Portfolio

MainStay VP MacKay High Yield Corporate Bond Portfolio

NYLI VP MacKay High Yield Corporate Bond Portfolio

MainStay VP MacKay Strategic Bond Portfolio

NYLI VP MacKay Strategic Bond Portfolio

MainStay VP Moderate Allocation Portfolio

NYLI VP Moderate Allocation Portfolio

MainStay VP Natural Resources Portfolio

NYLI VP Natural Resources Portfolio

MainStay VP PIMCO Real Return Portfolio

NYLI VP PIMCO Real Return Portfolio

  

MainStay VP PineStone International Equity Portfolio

NYLI VP PineStone International Equity Portfolio

MainStay VP S&P 500 Index Portfolio

NYLI VP S&P 500 Index Portfolio

MainStay VP Small Cap Growth Portfolio

NYLI VP Small Cap Growth Portfolio

MainStay VP U.S. Government Money Market Portfolio

NYLI VP U.S. Government Money Market Portfolio

MainStay VP Wellington Growth Portfolio

NYLI VP Wellington Growth Portfolio

MainStay VP Wellington Mid Cap Portfolio

NYLI VP Schroders Mid Cap Opportunities Portfolio

MainStay VP Wellington Small Cap Portfolio

NYLI VP Wellington Small Cap Portfolio

MainStay VP Wellington U.S. Equity Portfolio

NYLI VP Dimensional U.S. Equity Portfolio

MainStay VP Winslow Large Cap Growth Portfolio

NYLI VP Winslow Large Cap Growth Portfolio

NOW, THEREFORE, the parties agree as follows:

(i) Effective August 12, 2024, the name of the Trust in the Agreement is changed as set forth above.

(ii) Effective August 12, 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/ Brian J. McGrady    By: /s/ Kirk C. Lehneis   

Name: Brian J. McGrady    Name:  Kirk C. Lehneis

Title:  Director and Associate General Counsel Title:  Senior Managing Director

      

NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

Attest: /s/ Brian J. McGrady    By: /s/ Kirk C. Lehneis   

Name: Brian J. McGrady    Name: Kirk C. Lehneis

Title:  Assistant Secretary    Title:  President

  

     

  

SCHEDULE A

(As of August 12, 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
DAILY NET ASSETS

NYLI VP American Century Sustainable Equity Portfolio

0.63% on assets up to $500 million;
0.61% on assets from $500 million to $1 billion; and
0.585% on assets over $1 billion

NYLI 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

NYLI 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 

NYLI VP Candriam Emerging Markets Equity Portfolio

1.00% on assets up to $1 billion; and

0.975% on assets over $1 billion

NYLI VP CBRE Global Infrastructure Portfolio

0.85% on assets up to $3 billion; and

0.84% on assets over $3 billion

NYLI VP Conservative Allocation Portfolio

0.00%*

NYLI VP Dimensional U.S. Equity Portfolio

0.52% on assets up to $500 million;
0.495% on assets from $500 million to $1 billion;
0.47% on assets from $1 billion to $3 billion; and

0.46% on assets over $3 billion

NYLI 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

NYLI VP Equity Allocation Portfolio

0.00%*

NYLI 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

NYLI 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

NYLI VP Growth Allocation Portfolio

0.00%*

NYLI VP Hedge Multi-Strategy Portfolio

0.75% on all assets

  

PORTFOLIO

ANNUAL RATE AS A PERCENTAGE OF
DAILY NET ASSETS

NYLI VP Income Builder Portfolio

0.57% on assets up to $1 billion; and

0.55% on assets over $1 billion

NYLI VP Indexed Bond Portfolio

0.25% on assets up to $1 billion; and

0.20% on assets over $1 billion

NYLI 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

NYLI 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;

0.49% on assets from $2 billion to $5 billion; and

0.48% on assets over $5 billion

NYLI 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 

NYLI VP MacKay Strategic 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

NYLI VP MacKay U.S. Infrastructure Bond 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 

NYLI VP Moderate Allocation Portfolio

0.00%*

NYLI VP Natural Resources Portfolio

0.79% on assets up to $1 billion; and
0.78% on assets over $1 billion

NYLI VP PIMCO Real Return Portfolio

0.50% on all assets

NYLI VP PineStone International Equity Portfolio

0.80% on all assets

NYLI VP Schroders Mid Cap Opportunities Portfolio

0.82% on assets up to $1 billion;

0.77% on assets from $1 billion to $2 billion; and
0.745% on assets over $2 billion

NYLI VP Small Cap Growth Portfolio

0.81% on assets up to $1 billion; and
0.785% on assets over $1 billion

NYLI VP S&P 500 Index Portfolio

0.16% on assets up to $2.5 billion; and

0.15% on assets over $2.5 billion

NYLI 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

  

PORTFOLIO

ANNUAL RATE AS A PERCENTAGE OF
DAILY NET ASSETS

NYLI VP Wellington 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

NYLI 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

NYLI VP Winslow 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

* 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.