NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Financial Ratio Screen

NYSE Financial Services United States USD 274M
BUSINESS EXCLUSION FLAG*
Automated financial screen · activity assessed separately
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) is potentially non-compliant because its supplied classification is Asset Management. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

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MSCI new-inclusion financial-ratio snapshot

MMD financial screening at a glance

BUSINESS EXCLUSION FLAG*Financial ratios shown separately from business review — not a fatwa
Debt ratio
N/A
Not available vs 30%
Cash ratio
N/A
Not available vs 30%
Receivables + cash
N/A
Not available vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-09-01. Financial period used: May 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleBusiness exclusion flagSupplied classification requires attention
FTSE/Yasaar-styleBusiness exclusion flagSupplied classification requires attention
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityBusiness exclusion flagSupplied sector or industry classification matched an exclusion
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMay 2025Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Business exclusion flag

The supplied classification (Asset Management) matches a prohibited-activity category.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from May 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI Excluded — Asset Management BUSINESS EXCLUSION FLAG*
FTSE Excluded — Asset Management BUSINESS EXCLUSION FLAG*

Financial Highlights

P/E Ratio
145.7
EPS
$0.10
Dividend Yield
535.0%
Payout: 720.0%
P/B Ratio
0.9
Revenue
$1M
Growth: -15.0%
Beta
0.6
Low volatility
Current Ratio
2.1

Profitability

Gross Margin 100.0%
Operating Margin 85.8%
Net Margin 8.2%
Return on Equity (ROE) 0.6%
Return on Assets (ROA) 2.5%

Cash Flow & Balance Sheet

Operating Cash Flow$186M
Free Cash Flow$186M
Total Debt$173M
Debt-to-Equity52.1
Current Ratio2.1
Total Assets$476M

Price & Trading

Last Close$14.63
50-Day MA$15.34
200-Day MA$15.01
Avg Volume68K
Beta0.6
52-Week Range
$14.00
$15.82

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period May 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD)

CEO
Mr. David M. Dowden
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 274M
Currency
USD

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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Frequently Asked Questions

Is NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is NYLI MacKay DefinedTerm Muni Opportunities Fund's debt ratio?

NYLI MacKay DefinedTerm Muni Opportunities Fund's debt ratio is not available in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are NYLI MacKay DefinedTerm Muni Opportunities Fund's key financial metrics?

NYLI MacKay DefinedTerm Muni Opportunities Fund has a market capitalization of USD 274M in its listing currency, trailing P/E ratio of 145.7, and revenue of $1M. The company maintains a gross margin of 100.0% and a net margin of 8.2%. Return on equity stands at 0.6%.

How often is the screening data updated?

Calculation date: 2026-09-01. Financial period: May 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.