MainStay VP Funds Trust

04/27/2026 | Press release | Distributed by Public on 04/27/2026 07:00

Prospectus by Investment Company (Form 497)

NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

NYLI VP Balanced Portfolio

(the "Portfolio")

Supplement dated April 27, 2026 ("Supplement") to the

Summary Prospectus, 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 Summary Prospectus, Prospectus and SAI.

Effective as of the close of business on December 31, 2026, Adam H. Illfelder will no longer serve as a portfolio manager of the Portfolio. All references to Mr. Illfelder will be deleted in their entirety from the Summary Prospectus, Prospectus and SAI at that time. Other than this change, 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 April 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 27, 2026 at 13:01 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]