VanEck Muni Allocation ETF (MAAX)
VanEck Muni Allocation ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $20.72, down 0.12% on the session, giving a market capitalisation of $2.3M. Its beta of 1.30 implies it has historically moved more than the broad market.
This actively managed Exchange Traded Fund (ETF) typically commits a minimum of 80% of its total assets to investments that generate income generally exempt from U.S. federal income tax, excluding the Alternative Minimum Tax (AMT). Under normal market conditions, its primary investment strategy involves allocating capital to various registered VanEck Vectors ETFs. These underlying funds, in turn, concentrate on publicly traded municipal bonds denominated in U.S. dollars, spanning the full spectrum of the tax-exempt bond market from investment-grade to below-investment-grade (high-yield) issues. The fund is also designated as non-diversified.
VanEck Muni Allocation ETF is most often compared with the following Financial Services names: