Susan Kerley - Mainstay Definedterm Independent Chairman of the Board of Trustees

MMD Fund  USD 15.69  0.21  1.32%   
Susan Kerley is Fund Manager at Mainstay Definedterm Muncipal
Ms. Susan B. Kerley serves as an Independent Trustee of MainStay DefinedTerm Municipal Opportunities Fund, formerly MainStay DefinedTerm Municpl High Income Fund since 2011. Ms. Kerley has served as a Trustee of one or more of the registrants of the MainStay Group of Funds or a predecessor since 1990, including serving as Chairman of the Contracts Committee of each registrant since 2013. She previously served as Chairman of the Board of each registrant through 2012. Ms. Kerley also has also served as a trustee of another large mutual fund complex since 1991. She was President of Strategic Management Advisors LLC, an investment consulting firm, since 1990. Ms. Kerley has over 25 years of experience in the investment management industry. She was, until September 2014, a member of the Board of Governors and the Executive Committee of the Investment Company Institute, the national association of U.S. investment companies, and the Chair of the Governing Council of the Independent Directors Council . She served as the Chair of the IDC Task Force on Derivatives in 2008.
Age 69
Tenure 7 years
Phone212 576 7000
Webhttps://www.nylinvestments.com/MainStayClosedEndFund

Mainstay Definedterm Management Performance (%)

The company has Return on Asset of 2.14 % which means that on every $100 spent on assets, it made $2.14 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (10.01) %, meaning that it generated no profit with money invested by stockholders. Mainstay Definedterm's management efficiency ratios could be used to measure how well Mainstay Definedterm manages its routine affairs as well as how well it operates its assets and liabilities.
Mainstay Definedterm Muncipal has 326.74 M in debt with debt to equity (D/E) ratio of 0.64, which is OK given its current industry classification. Mainstay Definedterm has a current ratio of 7.5, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Mainstay Definedterm until it has trouble settling it off, either with new capital or with free cash flow. So, Mainstay Definedterm's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mainstay Definedterm sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mainstay to invest in growth at high rates of return. When we think about Mainstay Definedterm's use of debt, we should always consider it together with cash and equity.

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MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States. Mainstay Defined operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

Mainstay Definedterm Leadership Team

Elected by the shareholders, the Mainstay Definedterm's board of directors comprises two types of representatives: Mainstay Definedterm inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mainstay. The board's role is to monitor Mainstay Definedterm's management team and ensure that shareholders' interests are well served. Mainstay Definedterm's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mainstay Definedterm's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jacques Perold, Independent Trustee
David Chow, Independent Trustee
Kirk Lehneis, President
Alan Latshaw, Independent Trustee
Richard Trutanic, Independent Trustee
Jack Benintende, Principal Financial and Accounting Officer, Treasurer
Richard Nolan, Independent Trustee
YiChia Kuo, Chief Compliance Officer, Vice President
Kevin Bopp, Chief Compliance Officer, Vice President
Susan Kerley, Independent Chairman of the Board of Trustees
YieHsin Hung, Trustee
Scott Harrington, Vice President - Administration
J Gao, Secretary, Chief Legal Officer

Mainstay Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Mainstay Definedterm a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Mainstay Fund

Mainstay Definedterm financial ratios help investors to determine whether Mainstay Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Definedterm security.
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