(MAAX) VanEck Muni Allocation ETF Stock Price, Quote & News

Popular MAAX Comparisons: MAAX vs FMB, MAAX vs MMIN, MAAX vs FMHI, MAAX vs HMOP, MAAX vs AVMU

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*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 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

MAAX -5.36% -4.39% -17.18% -16.60% -5.09% -- --

MAAX (NAV) -5.31% -4.41% -17.11% -16.42% -5.08% -- --

No Underlying Index -- -- -- -- -- -- --

Bloomberg Barclays Municipal Bond Index -3.99% -3.18% -12.14% -11.55% -1.84% 0.59% 1.79%

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

0.33%

$2.64M

$3.12K

0.26%

FMB, MMIN, FMHI, HMOP, AVMU

Fund Home Page

MAAX Portfolio Data

10/03/22

MAAX Index Data

No Underlying Index

Proprietary

Bloomberg Barclays Municipal Bond Index

MAAX Portfolio Management

0.33%

Max. Downside Tracking Difference (12 Mo) --

MAAX Tax Exposures

20.00% / 39.60%

Ordinary income

MAAX Fund Structure

Open-Ended Fund

-- / --

N/A

High

Daily

MAAX Factset Analytics Block Liquidity

As of 09/30/22

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

151

$3.12K

0.26%

$0.06

0.05%

0.71% / -0.38%

None

100.00%

10,000

0.00

0.10%

$20.24

N/A

MAAX Sector/Industry Breakdown

MAAX

Segment Benchmark

ETF/Mutual Fund or Others

99.96%

Cash and/or Derivatives

0.04%

MAAX Top 10 Holdings[View All]

VanEck Intermediate Muni ETF 36.13%

VanEck High Yield Muni ETF 25.00%

VanEck Short Muni ETF 14.74%

VanEck Short High Yield Muni ETF 5.46%

VanEck Long Muni ETF 4.65%

DWS Municipal Income Trust 1.67%

VanEck CEF Muni Income ETF 1.03%

Delaware Investments National Municipal Income Fund 0.98%

Neuberger Berman California Municipal Fund Inc 0.94%

Western Asset Managed Municipals Fund 0.89%

Total Top 10 Weighting 91.48%

MAAX Performance Statistics

0.66

1.32

MAAX Holdings Statistics

Effective Duration --

Credit Spread Duration --

Concentration --

Number of Holdings --

Option Adjusted Spread --

MAAX Avg Life Maturity Distribution

0 - 1 years --

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MAAX OAS Breakdown

0 - 100 bps --

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> 1000 bps --

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MAAX VanEck Muni Allocation ETF