MainStay VP Funds Trust

03/06/2026 | Press release | Distributed by Public on 03/06/2026 07:43

Prospectus by Investment Company (Form 497)

NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

NYLI VP American Century Sustainable Equity Portfolio

NYLI VP MacKay Strategic Bond Portfolio

NYLI VP Balanced Portfolio

NYLI VP MacKay U.S. Infrastructure Bond Portfolio

NYLI VP Bond Portfolio

NYLI VP MFS®Investors Trust Portfolio

NYLI VP Candriam Emerging Markets Equity Portfolio

NYLI VP MFS®Research Portfolio

NYLI VP CBRE Global Infrastructure Portfolio

NYLI VP Moderate Allocation Portfolio

NYLI VP Conservative Allocation Portfolio

NYLI VP Natural Resources Portfolio

NYLI VP Dimensional U.S. Equity Portfolio

NYLI VP Newton Technology Growth Portfolio

NYLI VP Epoch U.S. Equity Yield Portfolio

NYLI VP PIMCO Real Return Portfolio

NYLI VP Equity Allocation Portfolio

NYLI VP PineStone International Equity Portfolio

NYLI VP Fidelity Institutional AM®Utilities Portfolio

NYLI VP Schroders Mid Cap Opportunities Portfolio

NYLI VP Floating Rate Portfolio

NYLI VP S&P 500 Index Portfolio

NYLI VP Growth Allocation Portfolio

NYLI VP Small Cap Growth Portfolio

NYLI VP Hedge Multi-Strategy Portfolio

NYLI VP U.S. Government Money Market Portfolio

NYLI VP Income Builder Portfolio

NYLI VP Wellington Growth Portfolio

NYLI VP Janus Henderson Balanced Portfolio

NYLI VP Wellington Small Cap Portfolio

NYLI VP MacKay Convertible Portfolio

NYLI VP Winslow Large Cap Growth Portfolio

NYLI VP MacKay High Yield Corporate Bond Portfolio


Supplement dated March 6, 2026 ("Supplement") to the
Summary Prospectuses, Prospectus and Statement of Additional Information ("SAI"),
each dated May 1, 2025, as supplemented

Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the Prospectus, Summary Prospectuses and SAI.

The Board of Trustees of New York Life Investments VP Funds Trust (the "Trust") considered and approved the following changes which will take place on or around May 1, 2026 unless otherwise disclosed below:

1. The name of the Trust will change to NYLIM VP Funds Trust.

2. The name of each Portfolio of the Trust will change as follows:

CURRENT PORTFOLIO NAME

NEW PORTFOLIO NAME

NYLI VP American Century Sustainable Equity Portfolio

NYLIM VP American Century Large Cap Equity Portfolio

NYLI VP Balanced Portfolio

NYLIM VP Balanced Portfolio

NYLI VP Bond Portfolio

NYLIM VP Bond Portfolio

NYLI VP Candriam Emerging Markets Equity Portfolio

NYLIM VP Candriam Emerging Markets Equity Portfolio

NYLI VP CBRE Global Infrastructure Portfolio

NYLIM VP CBRE Global Infrastructure Portfolio

NYLI VP Conservative Allocation Portfolio

NYLIM VP Conservative Allocation Portfolio

NYLI VP Dimensional U.S. Equity Portfolio

NYLIM VP Dimensional U.S. Equity Portfolio

NYLI VP Epoch U.S. Equity Yield Portfolio

NYLIM VP Epoch U.S. Equity Yield Portfolio

NYLI VP Equity Allocation Portfolio

NYLIM VP Equity Allocation Portfolio

NYLI VP Fidelity Institutional AM® Utilities Portfolio

NYLIM VP Fidelity Institutional AM® Utilities Portfolio

NYLI VP Floating Rate Portfolio

NYLIM VP Floating Rate Portfolio

NYLI VP Growth Allocation Portfolio

NYLIM VP Growth Allocation Portfolio

NYLI VP Hedge Multi-Strategy Portfolio

NYLIM VP Hedge Multi-Strategy Portfolio

NYLI VP Income Builder Portfolio

NYLIM VP Income Builder Portfolio

NYLI VP Janus Henderson Balanced Portfolio

NYLIM VP Janus Henderson Balanced Portfolio

NYLI VP MacKay Convertible Portfolio

NYLIM VP MacKay Convertible Portfolio

NYLI VP MacKay High Yield Corporate Bond Portfolio

NYLIM VP MacKay High Yield Corporate Bond Portfolio

NYLI VP MacKay Strategic Bond Portfolio

NYLIM VP MacKay Strategic Bond Portfolio

NYLI VP MacKay U.S. Infrastructure Bond Portfolio

NYLIM VP MacKay U.S. Infrastructure Bond Portfolio

NYLI VP MFS® Investors Trust Portfolio

NYLIM VP MFS® Investors Trust Portfolio

CURRENT PORTFOLIO NAME

NEW PORTFOLIO NAME

NYLI VP MFS® Research Portfolio

NYLIM VP MFS® Research Portfolio

NYLI VP Moderate Allocation Portfolio

NYLIM VP Moderate Allocation Portfolio

NYLI VP Natural Resources Portfolio

NYLIM VP Natural Resources Portfolio

NYLI VP Newton Technology Growth Portfolio

NYLIM VP Newton Technology Growth Portfolio

NYLI VP PIMCO Real Return Portfolio

NYLIM VP PIMCO Real Return Portfolio

NYLI VP PineStone International Equity Portfolio

NYLIM VP PineStone International Equity Portfolio

NYLI VP Schroders Mid Cap Opportunities Portfolio

NYLIM VP Schroders Mid Cap Opportunities Portfolio

NYLI VP S&P 500 Index Portfolio

NYLIM VP S&P 500 Index Portfolio

NYLI VP Small Cap Growth Portfolio

NYLIM VP Small Cap Growth Portfolio

NYLI VP U.S. Government Money Market Portfolio

NYLIM VP U.S. Government Money Market Portfolio

NYLI VP Wellington Growth Portfolio

NYLIM VP Wellington Growth Portfolio

NYLI VP Wellington Small Cap Portfolio

NYLIM VP Wellington Small Cap Portfolio

NYLI VP Winslow Large Cap Growth Portfolio

NYLIM VP Winslow Large Cap Growth Portfolio

3. NYLI VP Hedge Multi-Strategy Portfolio. Effective on or about August 28, 2026, the underlying index of this Portfolio will be renamed NYLIM Hedge Multi-Strategy Index.

[End of Supplement Data]

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

MainStay VP Funds Trust published this content on March 06, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 06, 2026 at 13:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]