Morningstar

NYLIM MacKay Utah Muni Class A UTAVX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.42  /  +0.32 %
  • Fund Size $191.9M
  • Adjusted Expense Ratio 0.800%
  • Net Expense Ratio 0.800%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Muni Single State Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,500
  • Investment Status Open
  • TTM Yield 3.83%
  • Average Effective Duration 6.16 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis UTAVX

Will UTAVX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UTAVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the UTAVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of UTAVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experienced hands continue to guide this Utah muni offering.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

NYLI MacKay Utah Muni benefits from the platform’s deep municipal industry expertise, a collaborative team, and a proven relative value approach. Acquired from Aquila in 2024, the fund still needs time to prove itself, especially versus competitors with broader remits.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings UTAVX

More UTAVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5%

1.93 4M
municipal

UTAH HSG CORP SINGLE FAMILY MTG REV 6.25%

1.80 4M
municipal

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.85%

1.67 3M
municipal

WEBER CNTY UTAH SPL ASSMT 5.75%

1.66 3M
municipal

UTAH HSG CORP MULTIFAMILY REV 3%

1.26 2M
municipal

Washington St Hsg Fin Commn Mun Ctfs 2024-1 Cl A 01/Sep/2024 20/Mar/2040 4.

1.20 2M
municipal

SOUTH DAKOTA HSG DEV AUTH 6.25%

1.11 2M
municipal

UTAH TRAN AUTH SALES TAX REV 5%

1.10 2M
municipal

SALT LAKE CITY UTAH ARPT REV 5.25%

1.09 2M
municipal

UTAH CITY WEST PUB INFRASTRUCTURE DIST NO 1 UTAH SPL ASSMT 5.5%

1.08 2M
municipal

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