MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund) Effective Interest Rate on Debt %: 3.17% (As of Nov. 2025)


MMD NYLI MacKay DefinedTerm Muni Opportunities Fund MMD
30 GF Score
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What is NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt %?

NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 30 Effective Interest Rate on Debt % is 3.17% as of Nov. 2025. GuruFocus rates MMD with a GF Score™ of 30/100. The stock has 5 warning signs investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. NYLI MacKay DefinedTerm Muni Opportunities Fund's annualized positive value of Interest Expense for the quarter that ended in Nov. 2025 was $5.30 Mil. NYLI MacKay DefinedTerm Muni Opportunities Fund's average total debt for the quarter that ended in Nov. 2025 was $166.97 Mil. Therefore, NYLI MacKay DefinedTerm Muni Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2025 was 3.17%.


NYLI MacKay DefinedTerm Muni Opportunities Fund  (NYSE:MMD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt % Related Terms


NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt % Chart

NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.11 1.30 2.98 3.98 3.72

NYLI MacKay DefinedTerm Muni Opportunities Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.46 4.16 4.35 3.70 3.17

MMD vs RMM, PMO, NCZ: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % falls into.


MMD
30GF Score
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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NYLI MacKay DefinedTerm Muni Opportunities Fund Effective Interest Rate on Debt % Calculation

NYLI MacKay DefinedTerm Muni Opportunities Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2024 )+Total Debt  (A: May. 2025 ))/ count )
=-1  *  -6.761/( (190.51+173.285)/ 2 )
=-1  *  -6.761/181.8975
=3.72 %

where

Total Debt  (A: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=190.51 + 0
=190.51

Total Debt  (A: May. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=173.285 + 0
=173.285

NYLI MacKay DefinedTerm Muni Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2025 )+Total Debt  (Q: Nov. 2025 ))/ count )
=-1  *  -5.296/( (173.285+160.66)/ 2 )
=-1  *  -5.296/166.9725
=3.17 %

where

Total Debt  (Q: May. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=173.285 + 0
=173.285

Total Debt  (Q: Nov. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=160.66 + 0
=160.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Nov. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 3.17% mean?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a Effective Interest Rate on Debt % of 3.17% as of Nov. 2025. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % too high?
NYLI MacKay DefinedTerm Muni Opportunities Fund's current Effective Interest Rate on Debt % is 3.17%. Overall, NYLI MacKay DefinedTerm Muni Opportunities Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % compare to RMM and PMO?
NYLI MacKay DefinedTerm Muni Opportunities Fund's Effective Interest Rate on Debt % of 3.17% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Effective Interest Rate on Debt % is 3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund stock overvalued right now?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a current Effective Interest Rate on Debt % of 3.17%. The current Effective Interest Rate on Debt % is 3.17%. NYLI MacKay DefinedTerm Muni Opportunities Fund's overall GF Score™ is 30/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), the current Effective Interest Rate on Debt % is 3.17% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NYLI MacKay DefinedTerm Muni Opportunities Fund Business Description

Address 51 Madison Avenue, New York, NY, USA, 10010
NYLI MacKay DefinedTerm Muni Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.
30GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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