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ETFs

VanEck Muni Allocation ETF

MAAX
$--
Today’s Change
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Snapshot
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Inception Date
May 15 2019
Expense Ratio
0.33%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$6,780
AUM
$2,310,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
29.89%
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
29.79%
MLN
VanEck ETF Trust - VanEck Long Muni ETF
13.62%
SHYD
VanEck ETF Trust - VanEck Short High Yield Muni ETF
5.36%
SMB
VanEck ETF Trust - VanEck Short Muni ETF
4.98%
XMPT
VanEck ETF Trust - VanEck CEF Muni Income ETF
3.90%
KTF
DWS MUNICIPAL INCOME TRUST
1.71%
ENX
EATON VANCE NEW YORK MUNICIP
0.93%
MYI
BLACKROCK MUNIYIELD QLTY III
0.92%
NUO
Nuveen Ohio Quality Municipal Income Fu
0.92%
Invest with MAAX

What is MAAX?

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). The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, primarily in VanEck 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 (high yield or junk bonds) tax-exempt bond market. While the Adviser currently anticipates that the Fund will invest primarily in other VanEck ETFs, the Fund may also invest in unaffiliated exchange-traded products ( ETPs ), which could include ETFs and closed-end funds. The Fund does not have any limits on its investments in below investment grade securities ( junk bonds), and the Fund will have indirect exposure to below investment grade securities through its investments in ETPs. The Fund s investment policy to invest at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than AMT) may not be changed without shareholder approval. The Fund may count investments that generate income subject to the AMT toward its 80%investment policy. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.

ETFs related toMAAX

ETFs correlated to MAAX include CGMU, MUB, HYD

MAAX
VanEck ETF Trust - VanEck Muni Allocation ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MAAX is a US Bonds ETF. 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). The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, primarily in VanEck 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 (high yield or junk bonds) tax-exempt bond market. While the Adviser currently anticipates that the Fund will invest primarily in other VanEck ETFs, the Fund may also invest in unaffiliated exchange-traded products ( ETPs ), which could include ETFs and closed-end funds. The Fund does not have any limits on its investments in below investment grade securities ( junk bonds), and the Fund will have indirect exposure to below investment grade securities through its investments in ETPs. The Fund s investment policy to invest at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than AMT) may not be changed without shareholder approval. The Fund may count investments that generate income subject to the AMT toward its 80%investment policy. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.

Yes, MAAX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MAAX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MAAX is 0.0285%. This is the percent change in the value of MAAX over the most recent 1-month period. The 3-month return on MAAX is 0.0249%. This is the percent change in the value of MAAX over the most recent 3-month period.

The standard deviation of MAAX for the past year is 0.0656%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MAAX include BAB, TFI, and PZA.

ETFs correlated to MAAX include CGMU, MUB, and HYD.

ETFs that are inversely correlated to MAAX include TYO, PST, and TBX.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.