MEGI - NYLI CBRE Global Infrastructure Megatrends Term Fund

What this means for you

Saba has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. Aug 18, 2026

   Saba cut its stake to 5.6% (from 6.7%). It has said it may push for changes.

   Original document →

2. June 29, 2026

   Saba cut its stake to 6.7% (from 7.7%). It has said it may push for changes.

   Original document →

3. May 7, 2026

   Saba cut its stake to 7.7% (from 8.8%). It has said it may push for changes.

   Original document →

4. Feb 11, 2026

   Saba cut its stake to 8.8% (from 9.8%). It has said it may push for changes.

   Original document →

5. Jan 21, 2026

   Saba cut its stake to 9.8% (from 11%). It has said it may push for changes.

   Original document →

About this fund

• Run by New York Life Investment Management LLC. Part of the NYLI Group of Funds fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $875 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 21% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.3% a year in management fees; 2.9% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $1.50 a share, all of it income. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $16.82. The shares traded at $15.25, about 9.3% below that. As of May 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 2.6% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +21.3%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended May 31, 2026): the value of the holdings returned +21.3%. How the share price did: the shares returned +20% over the same year, counting payouts and the change in the market price. As of May 31, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2021.

What the fund holds

Mostly shares (91%), the rest other holdings, preferred shares and bonds. About 48% issued in the U.S.

1. Xcel Energy, Inc. - 5.6%
2. Enbridge, Inc. - 5%
3. PPL Corp. - 4.9%
4. Canadian National Railway Co. - 4.6%
5. Atlas Arteria Ltd. - 4.5%
6. Guangdong Investment Ltd. - 4.5%
7. Enagas SA - 4.4%
8. Public Service Enterprise Group, Inc. - 4.3%
9. Crown Castle, Inc. - 3.9%
10. Vinci SA - 3.9%

As of May 31, 2026, from the fund's quarterly holdings report. Original document →