MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD)

• Market cap: $290M
• 1 day: 0.13%
• 5 days: 3.35%
• 1 month: 4.26%
• 3 months: 4.9%
• 6 months: 1.65%
• Year to date: 2.05%
• 1 year: -8.87%
• 5 years: -26.68%
• 10 years: -10.71%
• Sector: Financials
• Industry: Asset Management

About: NYLI MacKay DefinedTerm Muni Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

3% more capital invested

Capital invested by funds: $65.5M [Q1] → $67.5M (+$1.98M) [Q2]

0.93% more ownership

Funds ownership: 15.41% [Q1] → 16.33% (+0.93%) [Q2]

11% less funds holding

Funds holding: 65 [Q1] → 58 (-7) [Q2]

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9