MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Publishes Fund Holdings as of November 30, 2021
About New York Life Investments
With over
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in
*AUM includes assets of
** Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),"
***Individual independent rating agency commentary as of 10/15/2020:
"New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
About
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which
Before considering an investment in the Fund, you should understand that you could lose money. There are risks inherent in all investments. The Fund's risks include:
New Fund Risk: The Fund is a new fund which may result in additional risk. There can be no assurance that the Fund will grow to an economically viable size, in which case the Fund may cease operations. In such an event, investors may be required to liquidate or transfer their investments at an inopportune time.
No Operating History Risk: The Fund is a recently organized, non-diversified, closed end management investment company with no operating history. It is designed for long term investing and not as a vehicle for trading. Shares of closed end investment companies frequently trade at a discount from their NAV. This risk may be greater for investors expecting to sell their shares in a relatively short period of time after completion of the public offering.
Limited Term Risk: Unless action is otherwise taken by the Board in accordance with the Declaration of Trust, the Fund will commence the process of liquidation and dissolution at the close of business on the Termination Date. The Fund will not seek to return an initial investment in common shares by an investor on the Termination Date. Instead, the Fund will distribute an amount equal to the Fund's NAV at that time, which may be greater or less than an investor's initial investment.
Infrastructure Industry Risk: The Fund is particularly exposed to adverse economic, regulatory, political, legal, geographical, and other changes affecting the issuers of infrastructure related securities. Infrastructure related companies are subject to a variety of factors that may adversely affect their business or operations, including high interest costs in connect ion with capital construction programs, difficulties in obtaining financing for construction programs, costs associated with environmental and other regulations, the effects of economic slowdown, surplus capacity, increased competition from other providers of services, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies, changes in market sentiment and other factors. Additionally, infrastructure related companies may be subject to regulation by various governmental authorities, may also be affected by governmental regulation of rates charged to customers, service interruption, and/or legal challenges due to environmental, operational, the imposition of special tariffs and changes in tax laws, regulatory policies, and accounting standards. There is also the risk that corruption may negatively affect infrastructure projects, resulting in delays and cost overruns.
Leverage Risk: The use of leverage creates an opportunity for increased common share net investment income dividends, but also creates risks for the holders of common shares. Leverage is a speculative technique that exposes the Fund to greater risk, and increased costs. Leverage may cause greater changes in the Fund's NAV. The Fund will also have to pay interest on its borrowings, if any, which may reduce the Fund's return.
Equity Securities Risk: Equity securities prices have historically experienced periods of significant volatility, particularly during recessions or other periods of financial stress. Common stock prices, like other equity securities may be affected by macroeconomics and other factors affecting the stock market in general, including financial or political conditions that m ay affect particular industries, or the economy in general. Preferred stocks are subject to issuer specific risks, in addition to the general equity risks, and unlike common stocks, participation in the growth of an issuer may be limited.
Debt Securities Risk: The risks involved with investing in debt securities include (without limitation) Credit risk the risk that an issuer, guarantor, or liquidity provider of a debt security may be unable or unwilling, or may be perceived (whether by market participants, ratings agencies, pricing services or otherwise) as unable or unwilling, to make timely principal and/or interest payments, or to otherwise honor its obligations.
Foreign Securities Risk: Foreign securities can be subject to greater risks than
Emerging Markets Risk: The risks of foreign investments (or exposure to foreign investments) are usually much greater when they are made in (or result in exposure to) emerging markets. Investments in emerging markets may be considered speculative. Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop.
Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund's prospectus, which contains this and other information about the Fund, should be read carefully before investing. A copy of the final prospectus relating to this Fund may be obtained by clicking the Fund page noted above, contacting your financial advisor, or by calling 800-624-6782.
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SOURCE MainStay
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