MainStay MacKay DefinedTerm Municipal Opportunities Fund

MainStay MacKay DefinedTerm Municipal Opportunities Fundverified

MMD

Price:

$14.76

Market Cap:

$412.20M

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 ROE as of July 2025 (TTM) for MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) is 6.67%

According to MainStay MacKay DefinedTerm Municipal Opportunities Fund’s latest financial reports and current stock price. The company's current ROE is 6.67%. This represents a change of 130.71% compared to the average of 2.89% of the last 4 quarters.

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

How has MMD ROE performed in the past?

The mean historical ROE of MainStay MacKay DefinedTerm Municipal Opportunities Fund over the last ten years is 4.10%. The current 6.67% ROE has changed 62.89% with respect to the historical average. Over the past ten years (40 quarters), MMD's ROE was at its highest in in the May 2017 quarter at 18.34%. The ROE was at its lowest in in the November 2016 quarter at -20.88%.

Quarterly (TTM)
Annual

Average

4.10%

Median

4.56%

Minimum

-10.81%

Maximum

13.93%

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

Discovering the peaks and valleys of MainStay MacKay DefinedTerm Municipal Opportunities Fund ROE, 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 = 477.68%

Maximum Annual ROE = 13.93%

Minimum Annual Increase = -254.17%

Minimum Annual ROE = -10.81%

Quarterly (TTM)
Annual
YearROEChange
20242.72%-254.17%
2023-1.76%-83.68%
2022-10.81%-192.39%
202111.71%477.68%
20202.03%-68.64%
20196.46%24.05%
20185.21%32.91%
20173.92%-71.86%
201613.93%83.98%
20157.57%422.13%

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) Average ROE

How has MMD ROE performed in the past?

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

3-year avg

-3.29%

5-year avg

0.77%

10-year avg

4.10%

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

How is MMD’s ROE compared to its peers?

MainStay MacKay DefinedTerm Municipal Opportunities Fund’s ROE is less than DWS Municipal Income Trust (2.76%), less than Invesco Advantage Municipal Income Trust II (12.81%), less than PGIM Short Duration High Yield Opportunities Fund (9.48%), less than Invesco Trust for Investment Grade Municipals (8.77%), less than Blackrock Municipal 2030 Target Term Trust (2.19%), less than BlackRock MuniYield Quality Fund II, Inc. (1.37%), less than BlackRock MuniHoldings Fund, Inc. (1.67%), less than BlackRock MuniYield Quality Fund, Inc. (1.40%), less than BNY Mellon Municipal Bond Infrastructure Fund, Inc. (2.55%),

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