EX-99.D1(E) 41 v209868_exd1e.htm
Exhibit d 1 (e)

THE MAINSTAY FUNDS
 
AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
 
This Amendment to the Amended and Restated Management Agreement, is made as of the 1st day of August 2010, between The MainStay Funds, a Massachusetts business 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 an Amended and Restated Management Agreement, dated August 1, 2008, as amended (the “Agreement”); and

WHEREAS, the parties hereby wish to amend the Agreement to reflect revisions to the management fee for MainStay Large Cap Growth Fund and MainStay High Yield Corporate Bond Fund.
 
NOW, THEREFORE, the parties agree as follows:
 
 
(i)
Effective August 1, 2010, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto.
 
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/ Kevin M. Bopp
  
By:
/s/ Stephen P. Fisher
Name:
Kevin M. Bopp
    
Name:
Stephen P. Fisher
Title:
Vice President and Assistant
    
Title:
Senior Managing Director
 
General Counsel
      
   

THE MAINSTAY FUNDS

Attest:
/s/ Kevin M. Bopp
  
By:
/s/ Jack R. Benintende
Name:
Kevin M. Bopp
    
Name:
Jack R. Benintende
Title:
Assistant Secretary
    
Title:
Treasurer

 
 
 

Exhibit d 1 (e)

SCHEDULE A
(As of August 1, 2010)

For all services rendered by the Manager hereunder, each Fund of the Company 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
     
Common Stock Fund
  
0.550% up to $500 million;
0.525% from $500 million to $1 billion; and
0.500% in excess of $1 billion
     
Convertible Fund
  
0.600% up to $500 million;
0.550% from $500 million to $1 billion; and
0.500% in excess of $1 billion
     
Diversified Income Fund
  
0.600% up to $500 million;
0.550% from $500 million to $1 billion; and
0.500% in excess of $1 billion
     
Equity Index Fund
  
0.250% up to $1.0 billion;
0.225% from $1 billion to $3 billion; and
0.200% in excess of $3 billion
     
Global High Income Fund
  
0.700% up to $500 million;
0.650% in excess of $500 million
     
Government Fund
  
0.600% up to $500 million;
0.575% from $500 million to $1 billion; and
0.550% in excess of $1 billion
     
High Yield Corporate Bond Fund
  
0.600% up to $500 million;
0.550% from $500 million  to $5.0 billion;
0.525% from $5.0 billion to $7 billion; and
0.50% in excess of $7 billion
     
Income Builder
  
0.640% up to $500 million;
0.600% from $500 million to $1 billion; and
0.575% in excess of $1 billion
     
International Equity Fund
  
0.900% up to $500 million; and
0.850 in excess of $500 million
     
Large Cap Growth Fund
  
0.800% up to $250 million;
0.750% from $250 million to $500 million;
0.725% from $500 million to $750 million;
0.700% from $750 million to $2 billion;
0.650% from $2 billion to $3 billion;
0.600% from $3 billion to $7 billion; and
0.575% in excess of $7 billion
     
MAP Fund
  
0.750% up to $1 billion; and
0.700% in excess of $1 billion
     
Money Market Fund
  
0.450% up to $500 million;
0.400% from $500 million up to $1 billion; and
0.350% in excess of $1 billion
     
Principal Preservation Fund
  
0.250% on all assets
     
Tax Free Bond Fund
  
0.500% up to $500 million;
0.475% from $500 million to $1 billion; and
0.450% in excess of $1 billion

 
 
 

Exhibit d 1 (e)

In addition, each Fund of the Trust shall pay the Manager the fee set forth below.  In the event this Agreement is in effect for only a portion of any one year, the fee payable below shall be reduced proportionately on the basis of the number of business days (any day on which the New York Stock Exchange is open for trading) during which the Agreement was in effect for that year.

FUND NET ASSETS
  
ACCOUNTING FEE SCHEDULE
     
First $20 Million
  
1/20 of 1%
Next $80 Million
  
1/30 of 1%
Excess
  
1/100 of 1%
Minimum Monthly Charge
  
$1,000

This fee shown above is an annual charge, billed and payable monthly, based upon average monthly net assets.