NEW YORK LIFE INVESTMENTS ACTIVE ETF TRUST 485BPOS
Exhibit 99.(d)(1)(a)
AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
This Amendment to the Investment Advisory Agreement, is effective as of the 28th day of August 2026, between NYLIM Active ETF Trust, a Delaware statutory trust (the “Trust”), on behalf of its series as set forth on Appendix A (each, a “Fund” and collectively, the “Funds”), and New York Life Investment Management LLC, a Delaware limited liability company (the “Advisor”).
WHEREAS, the parties hereto have entered into an Investment Advisory Agreement dated as of April 15, 2015, as amended and restated August 28, 2024 (the “Agreement”);
WHEREAS, the Advisor and the Trust desire to amend the Agreement to reflect changes to the name of the Trust and the name of each Fund.
| Former Trust Name | New Trust Name |
| New York Life Investments Active ETF Trust | NYLIM Active ETF Trust |
| Former Fund Name | New Fund Name |
| NYLI MacKay Muni Insured ETF | NYLIM MacKay Muni Insured ETF |
| NYLI MacKay Muni Intermediate ETF | NYLIM MacKay Muni Intermediate ETF |
| NYLI MacKay Core Plus Bond ETF | NYLIM MacKay Core Plus Bond ETF |
| NYLI MacKay California Muni Intermediate ETF | NYLIM MacKay California Muni Intermediate ETF |
| NYLI Winslow Large Cap Growth ETF | NYLIM Winslow Large Cap Growth ETF |
| NYLI Winslow Focused Large Cap Growth ETF | NYLIM Winslow Focused Large Cap Growth ETF |
| NYLI MacKay High Income ETF | NYLIM MacKay High Income ETF |
| NYLI CBRE Real Assets ETF | NYLIM CBRE Real Estate & Infrastructure ETF |
| NYLI MacKay Securitized Income ETF | NYLIM MacKay Securitized Income ETF |
| NYLI MacKay Muni Short Duration ETF | NYLIM MacKay Muni Short Duration ETF |
| NYLI MacKay Muni Allocation ETF | NYLIM MacKay Muni Allocation ETF |
| NYLI International Small-Mid Cap Equity ETF | NYLIM International Small-Mid Cap Equity ETF |
| NYLI Investment Grade CLO ETF | NYLIM Investment Grade CLO ETF |
NOW, THEREFORE, the parties agree that (i) the names of the Trust and Funds in the Agreement are changed as set forth above, and (ii) Appendix A of the Agreement is hereby amended and restated in the form of Appendix A attached hereto.
This Agreement, and the attachments to the Agreement constitute the entire agreement between the parties and supersede all prior agreements and understandings between them relating to the subject matter hereof. No modification of the Agreement or this Amendment should be binding on either party unless it is in writing and signed on behalf of each party by a duly authorized representative. This Amendment may be executed in counterparts, each of which shall be deemed to be an original and each of which, taken together, shall be deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers effective as of the date set forth above.
| NYLIM ACTIVE ETF TRUST | NEW YORK LIFE INVESTMENT MANAGEMENT LLC | ||||
| By: | /s/ Jack R. Benintende | By: | /s/ Kirk C. Lehneis | ||
| Name: Jack R. Benintende | Name: Kirk C. Lehneis | ||||
| Title: Vice President | Title: Senior Managing Director | ||||
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Appendix A
to
INVESTMENT ADVISORY AGREEMENT
(As of August 28, 2026)
| Fund | Fee Rate |
| NYLIM MacKay Muni Insured ETF | 0.40% of the average daily net assets |
| NYLIM MacKay Muni Intermediate ETF | 0.40% of the average daily net assets |
| NYLIM MacKay Core Plus Bond ETF | 0.35% of the average daily net assets |
| NYLIM MacKay California Muni Intermediate ETF | 0.45% of the average daily net assets |
| NYLIM Winslow Large Cap Growth ETF |
0.75% of the average daily net asset up to $500 million; 0.725% of the average daily net assets from $500 million to $750 million; 0.71% of the average daily net assets from $750 million to $1 billion; 0.70% of the average daily net assets from $1 billion to $2 billion; 0.66% of the average daily net assets from $2 billion to $3 billion; 0.61% of the average daily net assets from $3 billion to $7 billion; 0.585% of the average daily net assets from $7 billion to $9 billion; and 0.575% of the average daily net assets over $9 billion. |
| NYLIM Winslow Focused Large Cap Growth ETF |
0.75% of the average daily net asset up to $500 million; 0.725% of the average daily net assets from $500 million to $750 million; 0.71% of the average daily net assets from $750 million to $1 billion; 0.70% of the average daily net assets from $1 billion to $2 billion; 0.66% of the average daily net assets from $2 billion to $3 billion; 0.61% of the average daily net assets from $3 billion to $7 billion; 0.585% of the average daily net assets from $7 billion to $9 billion; and 0.575% of the average daily net assets over $9 billion. |
| NYLIM MacKay High Income ETF | 0.40% of the average daily net assets |
| NYLIM CBRE Real Estate & Infrastructure ETF | 0.65% of the average daily net assets |
| NYLIM MacKay Securitized Income ETF | 0.40% of the average daily net assets |
| NYLIM MacKay Muni Short Duration ETF | 0.25% of the average daily net assets |
| NYLIM MacKay Muni Allocation ETF | 0.40% of the average daily net assets |
| NYLIM International Small-Mid Cap Equity ETF | 0.70% of the average daily net assets |
| NYLIM Investment Grade CLO ETF | 0.25% of the average daily net assets |
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