Morningstar

NYLI MacKay Utah Muni Class Z UTAHX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.73  /  −0.28 %
  • Total Assets 238.7 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.47%
  • Effective Duration 3.91 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis UTAHX

Will UTAHX outperform in 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 UTAHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the UTAHX 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 UTAHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A new, proven management team.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

MacKay’s veteran municipal investment team will apply its time-tested approach to recently acquired NYLI MacKay Utah Muni. While the team change earns a People upgrade to High from Average for the fund, the new approach is only just underway and needs time to prove itself, especially relative to options with broader remits.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings UTAHX

More UTAHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.6%

1.87 4.8 Mil
municipal

WEBER CNTY UTAH SPL ASSMT 5.75%

1.51 3.8 Mil
municipal

Dreyfus Treasury Obligations Csh Mgt Ins

1.48 3.8 Mil
Cash and Equivalents

UTAH TRAN AUTH SALES TAX REV 4%

1.37 3.5 Mil
municipal

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.85%

1.29 3.3 Mil
municipal

SALT LAKE CITY UTAH ARPT REV 5%

1.26 3.2 Mil
municipal

UTAH TRAN AUTH SALES TAX REV 4%

1.19 3.0 Mil
municipal

CACHE CNTY UTAH SCH DIST 4%

1.18 3.0 Mil
municipal

UTAH ST MUN PWR AGY PWR SUPPLY SYS REV 5%

1.16 3.0 Mil
municipal

UTAH HSG CORP SINGLE FAMILY MTG REV 3.85%

1.07 2.7 Mil
municipal

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