Morgan Stanley, Parametric (MEGI) report 5.4% passive stake in NYLI CBRE fund

Rhea-AI Filing Summary

Morgan Stanley and Parametric Portfolio Associates LLC report a significant stake in NYLI CBRE Global Infrastructure Megatrends Term Fund. They beneficially own 2,832,138 common shares, representing 5.4% of the fund’s outstanding shares.

The filing shows no sole voting or dispositive power, with 351,356 shares subject to shared voting power and 2,832,138 shares subject to shared dispositive power. The firms state the holdings are in the ordinary course of business and not for changing or influencing control of the fund.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

NYLI CBRE Global Infrastructure Megatrends Term Fund

(Name of Issuer)

Common Shares

(Title of Class of Securities)

56064Q107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 56064Q107

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 351,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,832,138.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,832,138.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 56064Q107

1

Names of Reporting Persons

Parametric Portfolio Associates LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 351,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,832,138.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,832,138.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NYLI CBRE Global Infrastructure Megatrends Term Fund
(b)	Address of issuer's principal executive offices: 51 MADISON AVENUE, NEW YORK, NY, 10010
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Parametric Portfolio Associates LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 800 Fifth Avenue, Suite 2800, Seattle, WA 98104
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 56064Q107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Chris O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/12/2026

Parametric Portfolio Associates LLC

Signature:	Cindy Kim
Name/Title:	Authorized Signatory, Parametric Portfolio Associates LLC
Date:	02/12/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What stake does Morgan Stanley report in NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI)?

Morgan Stanley reports beneficial ownership of 2,832,138 common shares of NYLI CBRE Global Infrastructure Megatrends Term Fund, representing 5.4% of the outstanding class. The position is held through certain operating units and reported on a Schedule 13G as a passive ownership stake.

How much of MEGI does Parametric Portfolio Associates LLC beneficially own?

Parametric Portfolio Associates LLC also reports beneficial ownership of 2,832,138 common shares of MEGI, equal to 5.4% of the class. The filing shows Parametric with no sole voting or dispositive power, but shared voting over 351,356 shares and shared dispositive power over 2,832,138 shares.

Do Morgan Stanley and Parametric intend to influence control of MEGI?

No. They certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of MEGI. The filing states they are not participating in any transaction with that purpose or effect, other than specified nomination activities.

What voting and dispositive powers are reported for the MEGI shares?

The filing reports no sole voting or dispositive power for either reporting person. They have shared voting power over 351,356 MEGI common shares and shared dispositive power over 2,832,138 shares, indicating decisions on voting and disposition are made jointly or through related entities rather than individually.

Why was this Schedule 13G filed for NYLI CBRE Global Infrastructure Megatrends Term Fund?

A Schedule 13G was filed because the reporting persons crossed the 5% beneficial ownership threshold in MEGI common shares. The form is used by eligible passive holders, and this filing confirms 5.4% ownership while certifying the holdings are not intended to influence control of the fund.

Who signed the Schedule 13G for MEGI on behalf of Morgan Stanley and Parametric?

Chris O'Hara signed as an Authorized Signatory for Morgan Stanley, and Cindy Kim signed as an Authorized Signatory for Parametric Portfolio Associates LLC. Their signatures certify that, after reasonable inquiry, the information in the beneficial ownership statement is true, complete, and correct.