Is NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest overvalued?

NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD) looks undervalued — trading about 124% below its fair value.

Undervalued

Price

$15.38

Fair value

$34.51

Current P/E

7.6

Normal P/E

17.0

Market cap

$288.8M

Dividend yield

3.7%

Return on equity

0.3%

Sector

Financial Services

Fair value compares MMD's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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