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VanEck Vectors Municipal Allocation ETF (MAAX)

BATS: MAAX · IEX Real-Time Price · USD
24.72 -0.05 (-0.18%)
Dec 8, 2021 9:30 AM EST - Market open
Assets$4.21M
NAV$24.75
Expense Ratio0.35%
PE Ration/a
Shares Out170,000
Dividend (ttm)$0.63
Dividend Yield2.56%
Ex-Dividend DateDec 1, 2021
1-Year Return-0.56%
Volume1,515
Open24.73
Previous Close24.77
Day's Range24.72 - 24.72
52-Week Low23.44
52-Week High23.44
Beta0.23
Holdings15
Inception DateMay 15, 2019

About MAAX

The investment seeks maximum long-term after-tax return, consisting of capital appreciation and income generally exempt from federal income tax. The fund normally invests at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than AMT). It is an actively managed ETF that invests, under normal circumstances, primarily in VanEck Vectors ETFs that are registered under the applicable federal securities laws and that invest in publicly traded municipal bonds that cover the U.S. dollar-denominated investment grade and below investment grade tax-exempt bond market. The fund is non-diversified.

Asset ClassFixed Income
RegionNorth America
IssuerVan Eck Associates
Stock ExchangeBATS
Ticker SymbolMAAX
Index TrackedS&P Municipal Yield Index

Top 10 Holdings

96.02% of assets
NameSymbolWeight
VanEck Vectors AMT-Free Intermediate Municipal Index ETFITM44.49%
VanEck Vectors High-Yield Municipal Index ETFHYD20.53%
VanEck Vectors AMT-Free Short Municipal Index ETFSMB14.94%
VanEck Vectors Short High-Yield Municipal Index ETFSHYD5.11%
VanEck Vectors AMT-Free Long Municipal Index ETFMLN4.98%
DWS Municipal IncomeKTF1.95%
MFS® Investment Grade Muni TrustCXH1.01%
Delaware Invest National Muni IncVFL1.01%
BlackRock MuniYield Qty IIIMYI1.00%
EV NY Municipal BondENX1.00%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Dec 1, 2021$0.0478Dec 7, 2021
Nov 1, 2021$0.0524Nov 5, 2021
Oct 1, 2021$0.0534Oct 7, 2021
Sep 1, 2021$0.0549Sep 8, 2021
Aug 2, 2021$0.0493Aug 6, 2021
Jul 1, 2021$0.0504Jul 8, 2021
Full Dividend History

News

MAAX Sprinkles in Some Closed-End Funds to Bolster Income

There are times when investors should seek flexibility with fixed income strategies, and 2021 is certainly one of those times. That's particularly true of municipal bond funds.

5 months ago - ETF Trends

Show Me the Muni(s): One Way to Better Bond Yields

The rising popularity of municipal bonds has been readily apparent in fixed income flows, but for those who can't get enough, there's the VanEck Vectors Muni Allocation ETF (MAAX) to consider. The fund ...

6 months ago - ETF Trends

The Importance of Flexibility in the Municipal Bond ETF Space

Today's interest rate environment puts a premium on flexibility – something not all bond strategies offer. That ability to evolve with the times is particularly important when it comes to municipal bonds.

7 months ago - ETF Trends

Munis to the MAAX: A Tailored Response to Municipal Bond ETFs

The recent spike in Treasury yields is presenting challenges for some traditional municipal bond strategies. Investors can turn to a more responsive approach with the VanEck Vectors Municipal Allocation...

8 months ago - ETF Trends

Democratic Control of Senate Creates a Tailwind for Muni Bonds

By David Schassler, Portfolio Manager and Head of Portfolio and Quantitative Investment Solutions, VanEck The VanEck Vectors® Muni Allocation ETF (MAAX) tactically allocates among VanEck municipal bond ...

10 months ago - ETF Trends

Strong Demand, Not Enough Supply Continues to Drive Munis

By David Schassler, Portfolio Manager and Head of Portfolio and Quantitative Investment Solutions, VanEck The VanEck Vectors® Muni Allocation ETF (MAAX) tactically allocates among VanEck municipal bond ...

11 months ago - ETF Trends

Get MAAX Municipal Bond ETF Exposure

The benefits of a Joe Biden presidency on municipal bonds are well-documented, but what other tailwinds exist for ETF investors to hop on the municipal bond bandwagon? One area is efficient pricing meth...

1 year ago - ETF Trends

Munis to the MAAX: Getting Tactical With Municipal Bonds

With Election Day right around the corner, fixed income investors have a variety of outcomes to consider. That includes potential impacts for municipal bonds.

1 year ago - ETF Trends

MAAX Reinvests in High Yield

he VanEck Vectors® Municipal Allocation ETF (MAAX) tactically allocates among VanEck municipal bond ETFs based on interest rate and credit opportunities to seek capital appreciation plus tax-exempt inco...

1 year ago - ETF Trends

Evaluating a Municipal Bond Strategy Appropriate for Volatile Times

Like other corners of the fixed income market, municipal bonds encountered surprising amounts of volatility earlier this year. Investors looking to stick with the income proposition offered by munis whi...

1 year ago - ETF Trends

Looking At A Bond ETF With Duel Benefits

Fixed income ETFs, particularly those chock full of lower-risk bonds, including Treasuries and municipals, are all the rage these days amid equity market calamity.

1 year ago - ETF Trends

3 'Safe' ETFs If A Stock Market Correction Comes Calling

Stocks are enduring a predictable, though unappealing reaction to the COVID-19 outbreak.

Other symbols:BARSPLV
1 year ago - Benzinga

A Good Place to Hide Out in Rough Markets

Investors looking for income and some shelter from recent equity market volatility may want to consider municipal bonds and it appears some as a slew of related ETFs hit all-time highs on a rough day fo...

Other symbols:ITMMLN
1 year ago - ETF Trends

An Effective Way to Tap The Evolving Muni Bond Market

The municipal bond market is evolving and some index funds and ETFs have kept pace with that evolution. One that really has is the VanEck Vectors Municipal Allocation ETF (Cboe: MAAX).

1 year ago - ETF Trends

Stability Persists in Municipal Allocation Model

By David Schassler, Portfolio Manager for VanEck Global The VanEck Vectors® Municipal Allocation ETF (MAAX) tactically allocates among VanEck municipal bond ETFs based on interest rate and credit opport...

2 years ago - ETF Trends

For Conservative Investors, Municipal Bonds Still Make Sense

Municipal bonds are often viewed as low-risk investments and some market observers believe risk in the muni market is currently benign, potentially setting up opportunities with ETFs, such as the VanEck...

Other symbols:HYDITMMLNSHYD
2 years ago - ETF Trends