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NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Stock Analysis

NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MMD

$13.85

−$0.18 (−1.28%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MMD Key Statistics

As of Oct 21, 2026

Trading

Open: $14.08
Previous Close: $14.03
Day's Range: 13.81–14.08
52-Week Range: 13.24–15.82
Volume: 106.51K
Beta: 0.59

Valuation

P/E Ratio: 9.96
EPS (ttm): 1.39

Financials (FY)

Revenue (FY): $1.21M−90.75%
Net Income (FY): $861.34K−93.20%
Profit margin: 110.40%
1-Year Return: −4.74%

Dividend and dates

Dividend: $0.81+5.77%
Ex-Dividend Date: November 16, 2026
Avg Volume: 78.36K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MMD closed at $13.85, −4.74% over 1 year.

In fiscal 2024, MMD reported revenue of $1.21M.

MMD Stock Return by Calendar Year

NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) 10-year return: what $10,000 became

1 year: $10,000 $9,526; −4.74%
5 years: $10,000 $8,284; −17.16%
10 years: $10,000 $11,505; +15.05%

If you had invested $10,000 in NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) 10 years ago, at the close on October 21, 2016, it would have been worth $11,505 at the close on October 21, 2026: +15.05% in total, +1.41% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+14.50%−21.94%−3.98%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−3.98%
2025	+4.54%
2024	−3.99%
2023	+6.48%
2022	−21.94%
2021	+4.74%
2020	+8.78%
2019	+13.25%
2018	+3.91%
2017	+14.50%
2016 (partial year)	−8.80%

As of October 21, 2026.

MMD Revenue and Earnings by Fiscal Year

FY ends May

RevenueNet income

2021202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$1.21M	$861.34K	71.3%
2023	$13.05M	$12.67M	97.1%
2022	−$8.01M	−$8.36M	104.5%
2021	−$54.60M	−$55.03M	100.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$1.21M	—	—	$861.34K	71.3%
2023	$13.05M	—	—	$12.67M	97.1%
2022	−$8.01M	—	—	−$8.36M	104.5%
2021	−$54.60M	—	—	−$55.03M	100.8%

Annual figures as reported, in the company's reporting currency. As of May 31, 2025.

MMD Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.72+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.60	9	—
2025	$0.72	12	+0.0%
2024	$0.72	12	−15.8%
2023	$0.86	12	−16.2%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.60	9	—
2025	$0.72	12	+0.0%
2024	$0.72	12	−15.8%
2023	$0.86	12	−16.2%
2022	$1.02	12	+0.0%
2021	$1.02	12	+0.0%
2020	$1.02	12	+0.0%
2019	$1.02	12	−2.9%
2018	$1.05	12	−2.8%
2017	$1.08	12	+500.0%
2016	$0.18	2	—

Most recent payment: $0.07 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MMD Valuation vs Asset Management Median

Median of 512 stocks

Metric	MMD	Asset Management median	vs median
P/E	9.96	9.44	6% above
Profit margin	110.40%	74.97%	35.4 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

NYLI MacKay DefinedTerm Muni Opportunities Fund trades under the ticker MMD. The company sits in the Financial Services sector, in the Asset Management industry.

MMD last closed at $13.85 on October 21, 2026. That is −$0.18 (−1.28%) against the previous close. The 52-week range on file runs from $13.24 to $15.82. The latest close sits 4.61% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2024, shows revenue of $1.21M. That is −90.75% against the prior fiscal year, when revenue was $13.05M. Net income for the same year was $861.34K. That is −93.20% against the prior fiscal year. The reported profit margin is 110.4%. That is 35.4 percentage points above the Asset Management median of 74.97%. Earnings per share on a trailing basis come to 1.39.

Across the 4 fiscal years on file, revenue moves from −$54.60M in 2021 to $1.21M in 2024. Of those 4 years, 2 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 9.96. That is 5.51% above the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

The trailing one-year total return is −4.74%. Across 10 years the annualized return works out at +1.41%. The reported beta is 0.59. Annualized volatility over the trailing 10 years is 14.04%.

Growth & Income

Shareholders receive a dividend, yielding 5.77% on the latest price. That is 3.1 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.81 a share. The ex-dividend date on file is November 16, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.60 a share. The year before, 2025, totalled $0.72 a share.

Across the complete calendar years on file, 2017 returned +14.50% and 2022 returned −21.94%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is −3.98%.

Peer Comparison

NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
NYLI MacKay DefinedTerm Muni Opportunities Fund	MMD	—	10.0
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. NYLI MacKay DefinedTerm Muni Opportunities Fund trades at a P/E of 10.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About NYLI MacKay DefinedTerm Muni Opportunities Fund

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.

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