What is NYLI MacKay DefinedTerm Muni Opportunities Fund Pretax Margin %?
NYLI MacKay DefinedTerm Muni Opportunities FundMMD +0.58%30 Pretax Margin % is 99.48% as of Nov. 2025, which is 1% above its 10-year median of 98.74. GuruFocus rates MMD with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks worse than 50.44% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NYLI MacKay DefinedTerm Muni Opportunities Fund Pretax Margin % Related Terms
NYLI MacKay DefinedTerm Muni Opportunities Fund Pretax Margin % Historical Data
* 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 Pretax Margin % Chart
NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data
For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni Opportunities Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Asset Management Industry
* 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 (MMD) has a Pretax Margin % of 99.48% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. This is near median its historical median of 98.74. Over the past decade, NYLI MacKay DefinedTerm Muni Opportunities Fund's Pretax Margin % has ranged from 71.33 to 104.46. According to the industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #797 out of 1580 companies in the Asset Management industry, placing it in the top 50.4%.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund's Pretax Margin % too high?
NYLI MacKay DefinedTerm Muni Opportunities Fund's current Pretax Margin % of 99.48% is near median its 10-year median of 98.74. Over the past 10 years, this metric has ranged from a low of 71.33 to a high of 104.46. The Asset Management industry median Pretax Margin % is 89.48. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 99.48% is 11.2% above this industry median. Based on the distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #797 out of 1580 companies in the Asset Management industry, which is below the industry midpoint. 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 Pretax Margin % compare to PMO and RMM?
According to the Asset Management industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #797 out of 1580 companies for Pretax Margin %. This places NYLI MacKay DefinedTerm Muni Opportunities Fund in the lower half of its industry. The industry median Pretax Margin % is 89.48. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 99.48% is 11.2% above this benchmark. Historically, NYLI MacKay DefinedTerm Muni Opportunities Fund's own Pretax Margin % has ranged from 71.33 to 104.46 over the past decade. While the company's 10-year median is 98.74 vs. the industry median of 89.48, NYLI MacKay DefinedTerm Muni Opportunities Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Pretax Margin % of 99.48% is 11.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Pretax Margin % is 99.48%, which is near median its own 10-year median of 98.74. 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 Pretax Margin % of 99.48%. The current Pretax Margin % is 99.48%, which is near median its 10-year median of 98.74 and 11.2% above the Asset Management industry median of 89.48. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), the current Pretax Margin % is 99.48% 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
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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