About UTACX
NYLI MacKay Utah Muni Fund Class C is an open-end municipal bond mutual fund focused on delivering current income that is generally exempt from federal and Utah state income taxes. The portfolio predominantly invests in investment-grade bonds issued by Utah state and local entities, with flexibility to include related municipal sectors such as housing, education, utilities, and power authorities to support essential public projects. Managed by MacKay Municipal Managers, the strategy emphasizes credit research, yield curve positioning, and sector rotation while maintaining disciplined risk management without employing leverage or explicit interest-rate bets. Classified within the muni single-state intermediate category, the fund targets an intermediate duration profile to balance income generation with capital preservation. It distributes income monthly and may hold a diversified mix of Utah issuers alongside select out-of-state municipal positions for liquidity and diversification. Established in 1996 and offered in the Class C share structure, the fund includes ongoing distribution and service fees typical of this class, and may apply a contingent deferred sales charge on short-term redemptions.
Fund Family New York Life Investment Management LLC
Category Muni Single State Interm
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol UTACX
Share Class Class C
Index Bloomberg Muni Quality Intermediate TR
UTACX had a total return of 6.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.69%.
