UTAHX – Fund Analysis – NYLIM MacKay Utah Muni Class Z | Morningstar

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Will UTAHX outperform in the future?

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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.

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 Aug 6, 2026 Published on Aug 6, 2026

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