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MainStay MacKay DefinedTerm Municipal Opportunities Fund  as of 06/11/2021

NYSE / MMD Asset Class:  Gen & Ins Leveraged 1 YR Lipper Avg:  12.34%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return -- 7.54% 15.64% 5.26%
Lipper Pct. Rank -- 6 88 68
NAV Return -- 5.92% 11.86% 4.51%
Lipper Pct. Rank -- 10 49 32
Premium/Discount History

10 YR Avg 5 YR Avg YTD Avg
-- -0.486% 4.740%

NAV $21.48 Market Price $22.47
Net Change $0.02 Market Change -$0.12
Premium/Discount 4.61%
1 YR NAV Return 11.858%
1 YR NAV Rank 49
12-Mo Yield as of 4/30/2021 Yield Def
Income Only Yield 4.44%
Distribution Yield (Market) 4.46%
Most Recent Income Dividend $0.085
Ex-Div Date 5/14/2021
Most Recent Cap Gain Dividend $0.348
Ex-Div Date 12/12/2013
Dividend Frequency Monthly
YTD Dividends $0.340
YTD Capital Gains --
Inception Date 6/26/2012
Fund Advisor New York Life Investment Management LLC
Manager & Tenure Team Managed
Phone 855-456-9683
Total Net Assets (mil) as of 5/31/2021 $590.3
% Leveraged Assets as of 5/31/2020 36.71%
Portfolio Turnover 38.00%
Mgmt Fees 0.948%
Expense Ratio 2.330%
Fund Objective
The Fund seeks current income exempt from regular US Federal income taxes. The Fund secondary objective is total return. The Fund invests at least 80% of its "Managed Assets" in municipal bonds, the interest on which is generally excludable from gross income for regular U.S. Federal income tax purposes.
Total Net Assets by Category (as of 12/31/2020)
Cash 5.90%
Revenue Other 78.43%
General Obligation Other 15.67%
Quality (as of 12/31/2020)
Short-Term 5.90%
AA 55.73%
Not Rated 12.57%
BBB 8.28%
BB 5.64%
A 5.20%
B 4.50%
C 0.54%
CC 0.54%
CCC 0.54%

Closed-End Funds Mid-year Review 

Axel Merk and Peter Maletis of Merk Investments discuss their outlook and insights on Gold, Precious Metals and Mining for investors concerned about inflation or seeking diversification.


The views and opinions expressed in the replay are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on factors such as market conditions or legal and regulatory developments. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).


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