MainStay MacKay DefinedTerm Municipal Opportunities FundMMD
Market Cap: $470M
About: MainStay MacKay DefinedTerm Municipal 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 may also invest in TOB (Tender Option Bonds) Floaters and TOB Residuals issued by the TOB Issuer. It evaluates its performance against Barclays Municipal Bond Index.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 24
0% less capital invested
Capital invested by funds: $125M [Q1] → $124M (-$314K) [Q2]
0.44% less ownership
Funds ownership: 27.27% [Q1] → 26.83% (-0.44%) [Q2]
8% less funds holding
Funds holding: 73 [Q1] → 67 (-6) [Q2]
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Research analyst outlook
We haven’t received any recent analyst ratings for MMD.