VanEck Muni Allocation ETF
MAAX
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- May 15, 2019
- CIK
- 0001137360
- Similar Companies
- Business
- VanEck Muni Allocation ETF (MAAX) is an actively managed exchange-traded fund that seeks tax-exempt income and capital appreciation through a diversified portfolio of U.S. municipal securities. The fund invests primarily in investment-grade municipal bonds, including general obligation bonds, revenue bonds, and pre-refunded securities; it employs a multi-sector strategy across sectors such as transportation, utilities, education, healthcare, and housing; and it incorporates derivative instruments for enhanced yield and risk management, targeting an average duration of 5-10 years. MAAX operates within the municipal bond segment of the fixed-income market, serving income-focused investors such as high-net-worth individuals, financial advisors, and tax-sensitive institutions seeking federally tax-exempt income. Launched in 2022 by VanEck, with headquarters in New York, the ETF is issued and managed by Van Eck Associates Corporation, a global investment manager founded in 1955 specializing in ETFs across equities, fixed income, and alternatives. The fund's geographic focus remains on U.S. municipal issuers across all 50 states, with allocations emphasizing high-quality, liquid securities to minimize credit risk while pursuing relative value opportunities. VanEck provides distribution and administrative services through its U.S. operations. Recent developments include the expansion of VanEck's municipal ETF suite with enhanced active management capabilities in 2024, reflecting strategic shifts toward tactical allocation amid rising interest rates; a key partnership with leading municipal bond analysts to refine sector rotation models; and improved liquidity provisions following increased assets under management surpassing $50 million by late 2025. No major acquisitions or name changes have occurred, but the fund benefited from VanEck's broader firm-wide reorganization to streamline ETF operations and integrate ESG screening options for municipal investments. These changes position MAAX for sustained performance in a volatile yield curve environment.