MainStay MacKay DefinedTerm Municipal Opportunities Fund

MainStay MacKay DefinedTerm Municipal Opportunities Fundverified

MMD

Price:

$14.64

Market Cap:

$408.85M

MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States.

Industry

Asset Management

IPO Date

2012-08-03

Stock Exchange

NYSE

Ticker

MMD

The PE Ratio as of May 2025 (TTM) for MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) is 14.50

According to MainStay MacKay DefinedTerm Municipal Opportunities Fund’s latest financial reports and current stock price. The company's current PE Ratio is 14.50. This represents a change of 18.41% compared to the average of 12.25 of the last 4 quarters.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) Historical PE Ratio (quarterly & annually)

How has MMD PE Ratio performed in the past?

The mean historical PE Ratio of MainStay MacKay DefinedTerm Municipal Opportunities Fund over the last ten years is 11.16. The current 14.50 PE Ratio has changed 12.89% with respect to the historical average. Over the past ten years (40 quarters), MMD's PE Ratio was at its highest in in the November 2021 quarter at 44.08. The PE Ratio was at its lowest in in the May 2020 quarter at -29.56.

Quarterly (TTM)
Annual

Average

11.16

Median

15.59

Minimum

-56.67

Maximum

51.72

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) PE Ratio by Quarter and Year

Discovering the peaks and valleys of MainStay MacKay DefinedTerm Municipal Opportunities Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 495.49%

Maximum Annual PE Ratio = 51.72

Minimum Annual Increase = -205.08%

Minimum Annual PE Ratio = -56.67

Quarterly (TTM)
Annual
YearPE RatioChange
202435.72-163.04%
2023-56.67495.49%
2022-9.52-205.08%
20219.06-82.49%
202051.72233.13%
201915.53-16.01%
201818.4918.09%
201715.65-17.10%
201618.8847.94%
201512.76-80.63%

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) Average PE Ratio

How has MMD PE Ratio performed in the past?

The current PE Ratio of MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-10.15

5-year avg

6.06

10-year avg

11.16

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) PE Ratio vs. Peers

How is MMD’s PE Ratio compared to its peers?

MainStay MacKay DefinedTerm Municipal Opportunities Fund’s PE Ratio is greater than BlackRock MuniHoldings Fund, Inc. (-48.19), less than DTF Tax-Free Income 2028 Term Fund Inc. (18.64), greater than John Hancock Income Securities Trust (6.96), greater than MFS Investment Grade Municipal Trust (8.63), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Invesco Municipal Trust (9.60), greater than Invesco Trust for Investment Grade Municipals (9.72), greater than Invesco Quality Municipal Income Trust (9.46), greater than Invesco Municipal Opportunity Trust (9.57), greater than MFS High Income Municipal Trust (6.83), greater than First Trust High Yield Opportunities 2027 Term Fund (9.60), less than DWS Municipal Income Trust (32.46), greater than RiverNorth Flexible Municipal Income Fund II, Inc. (9.75), greater than Invesco Advantage Municipal Income Trust II (6.67), greater than Invesco California Value Municipal Income Trust (9.87), greater than Nuveen AMT-Free Municipal Value Fund (9.00), greater than Nuveen Municipal Credit Opportunities Fund (4.47), greater than Eaton Vance Municipal Income Trust (11.16), less than BlackRock California Municipal Income Trust (75.61),

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