MMD - NYLI MacKay DefinedTerm Muni Opportunities Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Nov 19, 2024

   The buy-back ended; the fund paid $16.89 a share.

   Original document →

2. Nov 15, 2024

   The buy-back ended; an early count says holders offered 32.5% of all shares.

   Original document →

3. Oct 17, 2024

   The fund offered to buy back 100% of its shares at 100% of value, until Nov 14, 2024.

   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 $308 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 36% 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: 0.9% a year in management fees; 2.7% 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 $0.75 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): $16.38. The shares traded at $15.28, about 6.7% below that. As of May 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 0% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +8.9%. 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 +9%. How the share price did: the shares returned +10.6% 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 2011.

What the fund holds

Almost all tax-free municipal bonds (99%). About 88% issued in the U.S.

1. City of Los Angeles - 4.9%
2. Pennsylvania Economic Development Financing Authority - 4.3%
3. Las Vegas Valley Water District - 3.7%
4. Sales Tax Securitization Corp. - 3.6%
5. Denver City & County School District - 3.6%
6. Puerto Rico Sales Tax Financing Corp., Series A-2 - 3.5%
7. Southern California Public Power Authority - 3.5%
8. County of Lee - 3.4%
9. Miami-Dade County - 3.4%
10. Port Authority of New York & New Jersey - 3.4%

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