MainStay VP IQ Hedge Multi-Strategy Portfolio — new fund registration

MAINSTAY VP FUNDS TRUST registered 1 new fund series on Form 485APOS, filed 2018-06-26. Featured series: MainStay VP IQ Hedge Multi-Strategy Portfolio.

Registration

Registrant / trust: MAINSTAY VP FUNDS TRUST
CIK: 0000887340
Form: 485APOS
Filed: 2018-06-26
State of incorporation: DE
Accession: 0001144204-18-035802
Reported net assets: $194.7M

Series & classes (2)

Series	Class	Ticker	New
MainStay VP IQ Hedge Multi-Strategy Portfolio	Initial Class	—	Yes
MainStay VP IQ Hedge Multi-Strategy Portfolio	Service Class	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 1.13%
Management fee: 0.75%
Net expense ratio: 1.01%
Other expenses: 0.07%

Investment objective

The Portfolio seeks investment returns that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the NYLI Hedge Multi-Strategy Index. The NYLI Hedge Multi-Strategy Index seeks to achieve performance similar to the overall hedge fund universe by replicating the beta portion of the hedge fund return characteristics (i.e., that portion of the returns that are non-idiosyncratic, or unrelated to manager skill).

Advisers

New York Life Investment Management LLC (Advisor)