MainStay VP Funds Trust

08/31/2026 | Press release | Distributed by Public on 08/31/2026 13:14

Prospectus by Investment Company (Form 497)

NYLIM VP FUNDS TRUST

NYLIM VP Small Cap Growth Portfolio
(the "Portfolio")

Supplement dated August 31, 2026 ("Supplement") to the
Summary Prospectus, Prospectus and Statement of Additional Information ("SAI"),
each dated May 1, 2026, 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 Summary Prospectus, Prospectus and SAI.

Effective on or before the close of business on December 31, 2027, it is anticipated that Christopher A. Berrier will no longer serve as a portfolio manager of the Portfolio. All references to Mr. Berrier will be deleted in their entirety from the Summary Prospectus, Prospectus and SAI at that time. Other than this change, it is anticipated that the portfolio management team of the Portfolio will remain the same.

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

MainStay VP Funds Trust published this content on August 31, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 31, 2026 at 19:14 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]