EX-99.(D)(1)(K) 2 tv479153_ex99-d1k.htm AMENDED AND RESTATED MANAGEMENT AGREEMENT

Exhibit (d)(1)(k)

 

MainSTay Funds Trust

 

AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT

 

This Amendment to the Amended and Restated Management Agreement is hereby made as of the 15th day of November, 2017, 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 the addition of the MainStay Candriam Emerging Markets Equity 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.

 

[The remainder of this page has been left blank intentionally.]

 

   

 

 

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/ Thomas Lynch   By: /s/ Yie-Hsin Hung
Name: Thomas Lynch   Name: Yie-Hsin Hung
Title:    Director and Associate General   Title: Chief Executive Officer
Counsel      
         
MAINSTAY FUNDS TRUST      
         
Attest: /s/ Thomas Lynch   By: /s/ Kirk C. Lehneis
Name: Thomas Lynch   Name: Kirk C. Lehneis
Title:    Assistant Secretary   Title: President

 

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SCHEDULE A

 

(As of November 15, 2017)

 

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 California Tax Free Opportunities Fund   0.50% on all assets
     
MainStay Candriam Emerging Markets Equity Fund  

1.05% on assets up to $1 billion; and

1.025% on assets over $1 billion

     
MainStay Conservative Allocation Fund   0.00%**
     
MainStay Cornerstone Growth Fund   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 Cushing MLP Premier Fund  

1.10% on assets up to $3 billion; and

1.05% on assets over $3 billion

     
MainStay Cushing Renaissance Advantage Fund  

1.20% on assets up to $500 million; and

1.15% on assets over $500 million

     
MainStay Cushing Energy Income Fund   0.95% on all assets
     

MainStay Emerging Markets Equity Fund

 

 

1.05% on assets up to $1 billion; and

1.025% on assets over $1 billion

     
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

 

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FUND  

ANNUAL RATE AS A PERCENTAGE OF DAILY

NET 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 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 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
     
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 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 over $3 billion

     
MainStay Indexed Bond Fund  

0.25% on assets up to $1 billion; and

0.20% on assets over $1 billion

     
MainStay International Opportunities Fund   1.10% on all assets
     
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%
     
MainStay Retirement 2030 Fund   0.10%
     
MainStay Retirement 2040 Fund   0.10%

 

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FUND  

ANNUAL RATE AS A PERCENTAGE OF DAILY

NET ASSETS

     
MainStay Retirement 2050 Fund   0.10%
     
MainStay Retirement 2060 Fund   0.10%
     
MainStay S&P 500 Index Fund  

0.16% on assets up to $2.5 billion; and

0.15% on assets over $2.5 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;

0.475% on assets from $1 billion to $3 billion; and

0.465% on assets over $3 billion

     
MainStay U.S. Equity Opportunities Fund  

1.00% on assets up to $1 billion; and

0.975% on assets over $1 billion

 

*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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