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MAAX - VanEck Vectors Municipal Allocation ETF

Stock Price: $25.34 USD -0.03 (-0.12%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Assets $4.06M
NAV $25.35
Expense Ratio 0.35%
PE Ratio n/a
Beta (5Y) 0.24
Dividend (ttm) $0.66
Dividend Yield 2.62%
Ex-Dividend Date Jul 1, 2021
1-Year Return -
Trading Day July 23
Last Price $25.34
Previous Close $25.37
Change ($) -0.03
Change (%) -0.12%
Day's Open 25.37
Day's Range 25.34 - 25.37
Day's Volume 2,263
52-Week Range 23.24 - 26.62

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

98.92% of assets
NameSymbolWeight
VanEck Vectors High-Yield Municipal Index ETFHYD30.57%
VanEck Vectors AMT-Free Intermediate Municipal Index ETFITM29.32%
VanEck Vectors AMT-Free Long Municipal Index ETFMLN27.97%
VanEck Vectors Short High Yield Muni ETFn/a5.09%
BlackRock MuniYield Qty IIIMYI1.01%
BlackRock MuniHoldings FundMHD1.01%
EV Municipal BondEIM1.00%
BlackRock MuniVestMVF0.99%
MFS Municipal IncomeMFM0.98%
DWS Municipal IncomeKTF0.98%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jul 1, 2021$0.0504Jul 8, 2021
Jun 1, 2021$0.0678Jun 7, 2021
May 3, 2021$0.0517May 7, 2021
Apr 1, 2021$0.0454Apr 8, 2021
Mar 1, 2021$0.0528Mar 5, 2021
Feb 1, 2021$0.0563Feb 5, 2021
Full Dividend History

News

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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.

4 weeks ago - ETF Trends

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 ...

Other tickers mentioned: S
2 months ago - ETF Trends

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.

3 months ago - ETF Trends

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 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 ...

6 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 ...

7 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...

8 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.

9 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...

1 year 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...

1 year 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