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MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI)

Specialty Equity Funds - Utilities Funds

Data as of July 16, 2024
Market Price $13.28 (- $0.11)
NAV (July 16, 2024) $14.75 (+ $0.03)
Fund Listed NYSE
Premium / Discount -9.97% (-0.93%)
Fund Info
Inception Oct. 27, 2021
Sponsor New York Life Investment Management
Website https://www.newyorklif...
Location New York
Incorporated Delaware
Staggered Board Yes
Term Date Dec. 15, 2033
Objective: High level of total return with an emphasis on current income. Fund invests at least 80% of its assets in equity securities of infrastructure companies. Fund intends to focus on three infrastructure megatrends: (i) decarbonization, (ii) digital transformation and (iii) asset modernization.
Related Indexes
High Income Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Utilities / Infrastructure Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 52,047,534
Total Assets (Reported: Nov. 30, 2023) $1,049M
Estimated Total Assets $1,024M
Net Assets $768M
Market Cap $691M
Portfolio Turnover 7.00%
Total Leverage 25.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.76%
Non Lev Exp Ratio 1.45%
Rel Lev Cost 6.75%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -18.25%
Discount High(3 Yr) 3.95%
Discount Rel Range (3 Yr) 37.33%
Comp Discount -13.07
Discount St Dev (1Yr) 1.93
Z-Stat (6mo) 1.38
Z-Stat (1Yr) 1.71
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.60
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 11.30%
Income Yield 11.30%
Lev Adj NAV Yield 8.14%
Distribution Frequency M
Current Distribution $0.125
Current Income $0.125
Ex-Date 7/25/24
Payable Date 7/31/24
Div Growth (3yr) %
Dividend Change 15.4% on 8/14/23
Expected Div 7/15/24
RoC (1yr) 25.28%
RoC (3yr) 10.92%
Volume & Liquidity
Average Daily $ (K) $1,686
Avg Volume 30 day 142,215
Avg Volume 90 day 126,995
Volume Trend 11.98%
Comp Volume Trend 6.94%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Utilities / Infrastructure Index
Most Correlated Peer (Mk Pr): DPG 80.0%
NAV - Price Correlation (30 d) 78.2%
NAV - Price Correlation (90 d) 91.0%
NAV - Price Correlation (1 Yr) 93.0%
Price St Dev (1Yr) 18.0%
NAV St Dev (1Yr) 17.7%
Earnings / Share (11/30/23) $0.081
Earn Coverage 64.64%
Earnings Trend Down
UNII / Share (11/30/23) $-0.218
Rel UNII -14.54
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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