NYLI CBRE Glb Infra Megatrends Term Fund:MEGI

    Manage Alerts

    Overview

    As of 12/20/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$12.21$14.17-13.83%
    52 Wk Avg$13.18$14.86-11.30%
    52 Wk High$14.96$16.35-7.17%
    52 Wk Low$11.28$13.28-16.53%
    Regular Distribution TypeIncome Only
    Distribution Rate12.29%
    Distribution Amount$0.1250
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current income. The Fund invests at least 80% of its assets in securities issued by infrastructure companies. The Fund seeks to achieve its investment objective by investing primarily in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities and rights or warrants to buy common stocks. The Fund will typically invest in securities issued by infrastructure companies with market capitalizations of at least $500 million.

    Capital Structure

    As of 12/20/2024

    Total Investment Exposure:$1,002.814M
    Total Common Assets:$737.514M
    Common Shares Outstanding:52,047,534
    Leverage

    As of 12/20/2024

    Preferred Share Assets:
    Total Debt (USD): $265.300M
    Regulatory Leverage (USD): $265.300M
    Effective Leverage (USD): $265.300M
    Effective Leverage (%): 26.46%
    Annual Expense Ratios

    As of 5/31/2024

      Per Common Share
    Management Fees1.36%
    Other Expenses:0.10%
    Baseline Expense: N/A
    Interest Expense:2.27%
    Total: 3.73%
    Fund Management

    Fund Sponsor
    New York Life Investment Management LLC

    Portfolio Managers
    Daniel Foley, Hinds Howard, Jeremy Anagnos, Joseph P. Smith

    Basics
    Category: Equity-Sector Equity
    Ticker: MEGI
    NAV Ticker: XMEGI
    Average Daily Volume (shares): 149,787
    Average Daily Volume (USD): $1.965M
    Inception Date: 10/27/2021
    Inception Share Price: $20.00
    Inception NAV: $19.99
    Tender Offer: No
    Term: No
    Fiscal Year End: May 31
    Third Party Links & Reports

    Distributions

    As of 12/20/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2024
    $0.1698
    Annualized Distribution Rate on NAV:
    As of 12/20/2024
    10.59%
    Total Return on NAV (12 months):
    As of 12/20/2024
    13.92%
    Total % Portfolio Effectively Leveraged:
    As of 12/20/2024
    26.46%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/20/2024

    PeriodAvg Discount
    6 Month-10.08%
    1 Year-11.30%
    3 Year-12.73%
    5 Year 
    Z-Score

    As of 12/20/2024

    PeriodZStat
    3 Month-2.65
    6 Month-2.72
    1 Year-1.31
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2024
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD17.60%7.19%34.33%19.16%
    20235.50%2.39%4.81%6.23%
    2022-23.29%-13.17%-10.73%-7.15%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2024
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 10/31/2024
    64
    Annual Portfolio Turnover:
    As of 5/31/2024
    25.00%
    Asset Allocation

    As of 10/31/2024

    Top Sectors

    As of 10/31/2024

    Sector%Portfolio
    Utilities64.70%
    Defensive (Super Sector)64.70%
    Sensitive (Super Sector)34.60%
    Cyclical (Super Sector)16.06%
    Real Estate15.37%
    Energy14.52%
    Industrials12.84%
    Communication Services5.31%
    Corporate Bond5.13%
    Preferred Stock4.67%
    Top Holdings

    As of 10/31/2024

    HoldingValue% Portfolio
    Enel SpA$84.49M10.70%
    Enbridge Inc$54.08M6.85%
    NetLink NBN Trust Registered Units Reg S$41.95M5.31%
    Crown Castle Inc$40.48M5.12%
    Atlas Arteria Ltd$34.05M4.31%
    Enagas SA$32.95M4.17%
    Enterprise Products Partners LP$32.07M4.06%
    NextEra Energy Inc Unit ( 6.926% Corporate Units 01/09/2025)$30.70M3.89%
    Equinix Inc$30.50M3.86%
    Brighthouse Lic Etype 9/23$-251.30M-31.81%
    Credit Quality

    As of 11/30/2024

    Maturity Breakdown

    As of 11/30/2024

    Country Allocation

    As of 10/31/2024

    Country% Portfolio
    United States - Equity47.95%
    Italy - Equity11.70%
    Canada - Equity11.64%
    United Kingdom - Equity11.52%
    Spain - Equity9.93%
    Singapore - Equity7.19%
    China - Equity6.10%
    Australia - Equity4.31%
    Japan - Equity3.10%
    France - Equity1.93%
    Germany - Equity1.17%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

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

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W