MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD)

• Market cap: $280M
• 1 day: -0.20%
• 5 days: -4.24%
• 1 month: -5.46%
• 3 months: -11.53%
• 6 months: -9.21%
• Year to date: -9.15%
• 1 year: -8.09%
• 5 years: -30.39%
• 10 years: -17.96%

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 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 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]

0% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 23

3.51% less ownership

Funds ownership: 29.92% [Q2] → 26.42% (-3.51%) [Q3]

6% less funds holding

Funds holding: 67 [Q2] → 63 (-4) [Q3]

10% less capital invested

Capital invested by funds: $139M [Q2] → $125M (-$14.1M) [Q3]

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8