MAAX

VanEck Muni Allocation ETF
*Unless otherwise stated, data provided by FactSet.

MAAX Fund Description

MAAX is an actively managed fund-of-funds investing in US municipal securities of various maturities.

MAAX Factset Analytics Insight

MAAX is a muni bond-focused ETF using a fund-of-funds structure to achieve its goal. The fund’s primary objective is to invest in USD-denominated municipal bonds that are exempt from US income federal tax through investments, mainly in VanEck funds. MAAX could still invest in unaffiliated ETPs that may include other ETFs and closed-end funds. The issuer implements what it calls a Municipal Allocation Model, which utilizes various indicators to identify periods of credit and duration risk, such as market prices and trends, volatility, yield spreads, and relative yield ratios. The model typically adjusts its allocation signals monthly. MAAX is actively managed and will include both investment-grade and high-yield bonds of various maturities.

PERFORMANCE [as of 10/27/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MAAX -1.71% -2.56% 0.56% 3.77% -- -- --
MAAX (NAV) -1.31% -2.49% 0.65% 3.94% -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond -0.73% -1.46% 0.46% 2.61% 5.09% 3.44% 3.91%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MAAX Summary Data

VanEck
05/15/19
Open-Ended Fund
0.35%
$4.17M
$14.95K
0.30%

MAAX Portfolio Data

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10/01/21
18

MAAX Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Municipal Bond

MAAX Portfolio Management

0.35%
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MAAX Tax Exposures

20.00% / 39.60%
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Ordinary income
No

MAAX Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
High
Daily

MAAX Factset Analytics Block Liquidity

As of 10/28/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MAAX. MAAX is rated a N/A out of 5.

MAAX Tradability

625
$14.95K
152
$2.81K
0.30%
$0.07
0.04%
0.36% / -0.37%
None
100.00%
10,000
0.02
0.10%
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0
$24.59
N/A

MAAX Top 10 Holdings[View All]

1.93%
1.01%
1.00%
0.99%
0.99%
0.98%
97.04%

MAAX Performance Statistics

0.60
1.18
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MAAX Holdings Statistics

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18
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MAAX Avg Life Maturity Distribution

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MAAX OAS Breakdown

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