NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Total Return Calculator
$10,000 since Jun 2012, with and without reinvesting · data through Oct 2026
$10,000 invested in NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) ten years ago, at the end of Oct 2016, was worth $12,163 at the end of Oct 2026 with every dividend reinvested: 2.0% a year, against $41,633 in the S&P 500. Since Jun 2012, $10,000 became $15,762 reinvested (3.2% a year), or $14,399 taking the dividends as cash, $7,349 of it paid out along the way.
MMD became
$15,762
S&P 500: $70,973
Return a year
3.2%
S&P 500: 14.7%
Payouts reinvested
$11,147
bought more shares
Worst drop
-28.8%
S&P 500: -23.9%
$10,000, Jun 2012 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | MMD total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −0.4% | $726 | +11.7% |
| 2025 | +4.6% | $755 | +17.7% |
| 2024 | −4.0% | $707 | +24.9% |
| 2023 | +6.5% | $803 | +26.2% |
| 2022 | −21.9% | $908 | −18.2% |
| 2021 | +4.7% | $868 | +28.7% |
| 2020 | +8.8% | $837 | +18.3% |
| 2019 | +13.2% | $793 | +31.2% |
| 2018 | +3.9% | $757 | −4.6% |
| 2017 | +14.5% | $751 | +21.7% |
| 2016 | +3.0% | $742 | +12.0% |
| 2015 | +10.6% | $725 | +1.2% |
| 2014 | +23.2% | $684 | +13.5% |
| 2013 | −15.6% | $803 | +32.3% |
| 2012 (part) | +4.3% | $289 | +5.9% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: MMD total return
Data as of · Source: SmarterDividends data
- $10,000 invested in NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) at the end of Jun 2012, with dividends reinvested, was worth $15,762 at the end of Oct 2026: 3.2% a year, against $70,973 (14.7% a year) in the S&P 500.
- Over the 10 years to Oct 2026, MMD turned $10,000 into $12,163 with dividends reinvested, 2.0% a year.
- Over the 5 years to Oct 2026, MMD returned -3.0% a year with dividends reinvested (S&P 500: 12.0%).
- Taking MMD's dividends as cash instead of reinvesting them, the same $10,000 ended at $14,399, including $7,349 of cash received; reinvesting added $1,363.
- MMD's best calendar year in that time was 2014 (23.2%) and its worst 2022 (-21.9%), with dividends reinvested.
Cite this page
SmarterDividends, "NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/MMD/total-return
MMD total return questions
If I invested $10,000 in MMD 10 years ago, how much would I have?
About $12,163 at the end of Oct 2026, with every dividend reinvested: 2.0% a year. Taking them as cash, you'd have shares worth $7,312 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is MMD's total return since Jun 2012?
58% in total, or 3.2% a year, through Oct 2026 with dividends reinvested. The share price alone fell 30%.
How much of MMD's return came from dividends?
About 100% of its yearly return since Jun 2012. Reinvesting them, rather than taking cash, left you $1,363 better off on a $10,000 start.
What was MMD's worst year?
2022, at -21.9% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -28.8%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.