VanEck Muni Allocation ETF (MAAX)

BATS: MAAX · IEX Real-Time Price · USD
20.96
-0.04 (-0.21%)
At close: Dec 2, 2022 9:30 AM
21.02
+0.06 (0.29%)
After-hours: Dec 2, 2022 6:30 PM EST
-0.21%
Assets $2.73M
NAV $21.02
Expense Ratio 0.33%
PE Ratio n/a
Shares Out 130,000
Dividend (ttm) $0.55
Dividend Yield 2.60%
Ex-Dividend Date Dec 28, 2022
1-Year Return -15.38%
Volume 1,000
Open 20.97
Previous Close 21.00
Day's Range 20.96 - 20.96
52-Week Low 19.87
52-Week High 24.86
Beta 0.28
Holdings 21
Inception Date May 15, 2019

About MAAX

The VanEck Muni Allocation ETF (MAAX) is an exchange-traded fund that is based on the S&P Municipal Yield index. The fund is an actively managed fund-of-funds investing in US municipal securities of various maturities. MAAX was launched on May 15, 2019 and is managed by VanEck.

Asset Class Fixed Income
Region North America
Stock Exchange BATS
Ticker Symbol MAAX
Issuer Website VanEck
Index Tracked S&P Municipal Yield

Top 10 Holdings

91.21% of assets
Name Symbol Weight
VanEck Intermediate Muni ETF ITM 31.39%
VanEck High Yield Muni ETF HYD 29.97%
VanEck Long Muni ETF MLN 10.09%
VanEck Short Muni ETF SMB 8.72%
VanEck Short High Yield Muni ETF SHYD 5.39%
DWS Municipal Income KTF 1.74%
VanEck CEF Municipal Income ETF XMPT 1.05%
Delaware Invest National Muni Inc VFL 0.98%
Nuveen OH Quality Muni Inc NUO 0.94%
Neuberger Berman CA Municipal NBW 0.93%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Nov 1, 2022 $0.0626 Nov 7, 2022
Oct 3, 2022 $0.0469 Oct 7, 2022
Sep 1, 2022 $0.0495 Sep 8, 2022
Aug 1, 2022 $0.0512 Aug 5, 2022
Jul 1, 2022 $0.0384 Jul 8, 2022
Jun 1, 2022 $0.0589 Jun 7, 2022
Full Dividend History

News

Bonds Could Bounce Back — Consider Munis as a Way to Play Rebound

As fixed income investors know, 2022 has been unkind to bonds. The double-digit year-to-date loss by the Bloomberg US Aggregate Bond Index confirms as much.

2 months ago - ETF Trends

Muni Bond Downturn Could Spell Opportunity for Investors

In a normal interest rate environment, municipal bonds and the related exchange traded funds are bedrocks for many conservative income investors, but 2022 is proving to be anything but normal when it co...

5 months ago - ETF Trends

Muni Carnage Could Create Opportunity

Municipal bonds and the related exchange traded funds are languishing as interest rates rise, but a silver lining could materialize. While the first four months of 2022 have been rough on munis, some ma...

Other symbols: HYDMLNSHYD
7 months ago - ETF Trends

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.

1 year 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 ...

1 year 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 bond...

1 year 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...

1 year 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 ...

2 years 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 ...

2 years 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...

2 years 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.

2 years 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...

2 years 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...

2 years 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.

2 years 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
3 years 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
3 years 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).

3 years 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...

3 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
3 years ago - ETF Trends