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MAAX - VanEck Vectors Municipal Allocation ETF

Stock Price: $24.77 USD 0.03 (0.10%)
Updated Apr 13, 2021 4:00 PM EDT - Market closed
Assets $4.96M
NAV $24.81
Expense Ratio 0.35%
PE Ratio n/a
Beta (5Y) 0.24
Dividend (ttm) $0.68
Dividend Yield 2.72%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 13
Last Price $24.77
Previous Close $24.74
Change ($) 0.03
Change (%) 0.10%
Day's Open 24.75
Day's Range 24.73 - 24.78
Day's Volume 25,284
52-Week Range 22.17 - 25.24

Fund Description

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 Class
Fixed Income
Inception Date
May 15, 2019
Exchange
BATS
Ticker Symbol
MAAX
Index Tracked
S&P Municipal Yield Index

Top 10 Holdings

100.00% of assets
NameSymbolWeight
VanEck Vectors AMT-Free Long Municipal Index ETFMLN34.87%
VanEck Vectors High-Yield Municipal Index ETFHYD30.35%
VanEck Vectors AMT-Free Intermediate Municipal Index ETFITM29.51%
VanEck Vectors Short High Yield Muni ETFn/a5.09%
Us DollarSINA0.18%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.0454Apr 8, 2021
Mar 1, 2021$0.0528Mar 5, 2021
Feb 1, 2021$0.0563Feb 5, 2021
Dec 29, 2020$0.052Jan 5, 2021
Dec 1, 2020$0.0562Dec 7, 2020
Nov 2, 2020$0.0554Nov 6, 2020
Full Dividend History

News

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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...

4 weeks ago - ETF Trends

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 ...

2 months ago - ETF Trends

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 ...

3 months ago - ETF Trends

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...

5 months ago - ETF Trends

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

5 months ago - ETF Trends

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...

10 months ago - ETF Trends

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...

10 months ago - ETF Trends

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

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

Other tickers mentioned: BAR, SPLV
1 year ago - Benzinga

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 tickers mentioned: ITM, MLN
1 year ago - ETF Trends

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

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...

1 year ago - ETF Trends

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 tickers mentioned: HYD, ITM, MLN, SHYD
1 year ago - ETF Trends