NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD)
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $14.96, down 0.20% on the session, giving a market capitalisation of $280.9M. On trailing twelve-month figures it carries a trailing P/E of 10.76, a net margin of 118.0%. Its beta of 0.58 implies it has historically moved less than the broad market.
The MainStay DefinedTerm Municipal Opportunities Fund operates as a specialized closed-end investment vehicle, concentrating on fixed income securities. It is established and overseen by New York Life Investment Management LLC, with MacKay Shields LLC sharing co-management responsibilities. The fund primarily directs its capital toward U.S. debt markets, specifically focusing on high-quality municipal bonds that offer exemption from ordinary U.S. federal income taxation. Its performance is gauged against the Barclays Municipal Bond Index. This fund was initiated on June 26, 2012, and is domiciled within the United States.
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest is most often compared with the following Financial Services names: