* 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.
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MainStay CBRE Global Infrastructure Megatrends Fund Total Assets Chart
MainStay CBRE Global Infrastructure Megatrends Fund Annual Data
Trend
May22
May23
May24
Total Assets
1,508.23
1,143.22
1,048.58
MainStay CBRE Global Infrastructure Megatrends Fund Semi-Annual Data
Nov22
May23
Nov23
May24
Total Assets
1,250.89
1,143.22
1,049.99
1,048.58
MainStay CBRE Global Infrastructure Megatrends Fund Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
* 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.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE:MEGI) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (May. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
MainStay CBRE Global Infrastructure Megatrends Fund's Asset Turnover for the quarter that ended in May. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
MainStay CBRE Global Infrastructure Megatrends Fund Total Assets Related Terms
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MainStay CBRE Global Infrastructure Megatrends Fund Business Description
MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current income. It invests predominantly 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 company intends to focus on three infrastructure megatrends: decarbonization, digital transformation, and asset modernization while making its investments.
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