VanEck Muni Allocation ETF

Frequently Asked Questions About MAAX

What does MAAX invest in?

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.

What is the expense ratio of MAAX?

An expense ratio for VanEck Muni Allocation ETF (MAAX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is MAAX?

VanEck Muni Allocation ETF (MAAX) manages $2.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MAAX actively managed or an index fund?

MAAX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions.

When was MAAX launched?

VanEck Muni Allocation ETF (MAAX) launched in May 2019 and is managed by VanEck.

How has MAAX performed?

MAAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.