MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI)

• Market cap: $630M
• 1 day: -0.90%
• 5 days: -2.42%
• 1 month: -10.44%
• 3 months: -17.91%
• 6 months: -4.50%
• Year to date: -7.35%
• 1 year: -8.26%
• 5 years: -39.50%
• 10 years: -39.50%

About: MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current income. It invests predominantly in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities, and rights or warrants to buy common stocks. The company intends to focus on three infrastructure megatrends: decarbonization, digital transformation, and asset modernization while making its investments.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

2% less capital invested

Capital invested by funds: $272M [Q2] → $266M (-$5.66M) [Q3]

3% less funds holding

Funds holding: 59 [Q2] → 57 (-2) [Q3]

6.47% less ownership

Funds ownership: 40.79% [Q2] → 34.32% (-6.47%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8