MAAX
VanEck Muni Allocation ETF
MAAX
VanEck Muni Allocation ETF
-
NAV
$20.63
as of June 06, 2023 -
YTD RETURNS
1.09%
as of June 06, 2023 -
Total Net Assets
$2.27M
as of June 06, 2023 -
Total Expense Ratio
0.33% -
Inception Date
05/15/2019
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
VanEck Muni Allocation ETF (MAAX) seeks maximum long-term after-tax return consisting of capital appreciation and income generally exempt from federal income tax. In pursuing long-term total return, the Fund seeks to reduce duration and/or credit risk during appropriate times by allocating primarily to VanEck municipal exchange-traded products that invest in tax-exempt bonds.
Overview
Fund Highlights
- Actively allocates based on interest rate and credit opportunities.
- Technical and macroeconomic indicators seek to manage credit and duration risk.
- Performance oriented strategy offers the potential for capital appreciation plus tax-exempt income.
Bull Trap Alert: Low Breadth & Violent Rallies