VanEck Muni Allocation ETF
Name
As of 06/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.4%
1 yr return
-2.7%
3 Yr Avg Return
-3.1%
5 Yr Avg Return
0.0%
Net Assets
$2.3 M
Holdings in Top 10
91.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 169.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MAAX - Profile
Distributions
- YTD Total Return -10.4%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanEck Muni Allocation ETF
-
Fund Family NameVanEck
-
Inception DateMay 15, 2019
-
Shares Outstanding130000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Schassler
Fund Description
MAAX - Performance
Return Ranking - Trailing
Period | MAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -60.4% | 28.9% | 85.07% |
1 Yr | -2.7% | -45.4% | 15.3% | 89.75% |
3 Yr | -3.1%* | -20.5% | 51.8% | 44.93% |
5 Yr | 0.0%* | -11.3% | 29.5% | 11.57% |
10 Yr | 0.0%* | -5.1% | 14.2% | 15.52% |
* Annualized
Return Ranking - Calendar
Period | MAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.1% | -76.8% | 4.7% | 82.69% |
2022 | 1.1% | -69.5% | 12.4% | 8.00% |
2021 | 0.1% | -66.1% | 60.0% | 88.05% |
2020 | N/A | -57.4% | 18.9% | N/A |
2019 | N/A | -30.0% | 2.1% | N/A |
Total Return Ranking - Trailing
Period | MAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -10.4% | -60.4% | 28.9% | 98.90% |
1 Yr | -9.9% | -45.4% | 14.5% | 99.77% |
3 Yr | -1.8%* | -20.5% | 51.8% | 22.04% |
5 Yr | N/A* | -11.3% | 29.5% | N/A |
10 Yr | N/A* | -5.1% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.1% | -76.8% | 4.7% | 82.69% |
2022 | 1.1% | -69.5% | 12.4% | 8.12% |
2021 | 0.1% | -66.1% | 60.0% | 88.05% |
2020 | N/A | -57.4% | 18.9% | N/A |
2019 | N/A | -30.0% | 2.1% | N/A |
MAAX - Holdings
Concentration Analysis
MAAX | Category Low | Category High | MAAX % Rank | |
---|---|---|---|---|
Net Assets | 2.3 M | 1.16 M | 73.9 B | 99.94% |
Number of Holdings | 20 | 1 | 14000 | 96.68% |
Net Assets in Top 10 | 2.63 M | -317 M | 8.64 B | 97.15% |
Weighting of Top 10 | 91.66% | 2.4% | 101.7% | 1.52% |
Top 10 Holdings
- VanEck High Yield Muni ETF 29.86%
- VanEck Intermediate Muni ETF 29.85%
- VanEck Long Muni ETF 18.63%
- VanEck Short High Yield Muni ETF 5.41%
- VanEck CEF Muni Income ETF 3.91%
- DWS Municipal Income Trust 1.70%
- Eaton Vance New York Municipal Bond Fund 0.94%
- Neuberger Berman California Municipal Fund Inc 0.93%
- Nuveen Municipal Credit Income Fund 0.92%
- BlackRock MuniYield Quality Fund III Inc 0.91%
Asset Allocation
Weighting | Return Low | Return High | MAAX % Rank | |
---|---|---|---|---|
Bonds | 99.08% | 65.51% | 150.86% | 45.76% |
Cash | 0.87% | -50.86% | 33.96% | 53.96% |
Stocks | 0.04% | -0.03% | 4.63% | 2.91% |
Other | 0.02% | -13.03% | 30.01% | 1.28% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 71.30% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 71.54% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MAAX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MAAX % Rank | |
---|---|---|---|---|
US | 0.04% | -0.03% | 4.63% | 2.91% |
Non US | 0.00% | 0.00% | 0.00% | 71.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MAAX % Rank | |
---|---|---|---|---|
Municipal | 98.69% | 44.39% | 100.00% | 49.77% |
Cash & Equivalents | 1.30% | 0.00% | 33.95% | 48.78% |
Corporate | 0.01% | 0.00% | 9.99% | 18.04% |
Derivative | 0.00% | 0.00% | 3.41% | 69.91% |
Securitized | 0.00% | 0.00% | 5.93% | 71.65% |
Government | 0.00% | 0.00% | 52.02% | 73.11% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MAAX % Rank | |
---|---|---|---|---|
US | 97.10% | 37.86% | 142.23% | 46.16% |
Non US | 1.98% | 0.00% | 62.14% | 38.18% |
MAAX - Expenses
Operational Fees
MAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.33% | 0.02% | 6.50% | 87.74% |
Management Fee | 0.08% | 0.00% | 1.10% | 1.64% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
MAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
MAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 169.00% | 0.00% | 283.00% | 99.52% |
MAAX - Distributions
Dividend Yield Analysis
MAAX | Category Low | Category High | MAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.44% | 0.17% |
Dividend Distribution Analysis
MAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MAAX | Category Low | Category High | MAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.54% | -0.53% | 5.33% | 17.43% |
Capital Gain Distribution Analysis
MAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Monthly | Monthly |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 07, 2023 | $0.111 | OrdinaryDividend |
May 05, 2023 | $0.100 | OrdinaryDividend |
Apr 10, 2023 | $0.078 | OrdinaryDividend |
Mar 07, 2023 | $0.070 | OrdinaryDividend |
Feb 07, 2023 | $0.074 | OrdinaryDividend |
Dec 30, 2022 | $0.071 | OrdinaryDividend |
Dec 07, 2022 | $0.062 | OrdinaryDividend |
Nov 07, 2022 | $0.063 | OrdinaryDividend |
Oct 07, 2022 | $0.047 | OrdinaryDividend |
Sep 08, 2022 | $0.050 | OrdinaryDividend |
Aug 05, 2022 | $0.051 | OrdinaryDividend |
Jul 08, 2022 | $0.038 | OrdinaryDividend |
Jun 07, 2022 | $0.059 | OrdinaryDividend |
May 06, 2022 | $0.036 | OrdinaryDividend |
Apr 07, 2022 | $0.047 | OrdinaryDividend |
Mar 07, 2022 | $0.052 | OrdinaryDividend |
Feb 07, 2022 | $0.011 | OrdinaryDividend |
Dec 31, 2021 | $0.044 | OrdinaryDividend |
Dec 07, 2021 | $0.048 | OrdinaryDividend |
Nov 05, 2021 | $0.052 | OrdinaryDividend |
Oct 07, 2021 | $0.053 | OrdinaryDividend |
Sep 08, 2021 | $0.055 | OrdinaryDividend |
Aug 06, 2021 | $0.049 | OrdinaryDividend |
Jul 08, 2021 | $0.050 | OrdinaryDividend |
Jun 07, 2021 | $0.068 | OrdinaryDividend |
May 07, 2021 | $0.052 | OrdinaryDividend |
Apr 08, 2021 | $0.045 | OrdinaryDividend |
Mar 05, 2021 | $0.053 | OrdinaryDividend |
Feb 05, 2021 | $0.056 | OrdinaryDividend |
Jan 05, 2021 | $0.052 | OrdinaryDividend |
Dec 07, 2020 | $0.056 | OrdinaryDividend |
Nov 06, 2020 | $0.055 | OrdinaryDividend |
Oct 07, 2020 | $0.058 | OrdinaryDividend |
Sep 08, 2020 | $0.061 | OrdinaryDividend |
Aug 07, 2020 | $0.058 | OrdinaryDividend |
Jul 08, 2020 | $0.046 | OrdinaryDividend |
Jun 05, 2020 | $0.029 | OrdinaryDividend |
May 07, 2020 | $0.106 | OrdinaryDividend |
Apr 07, 2020 | $0.061 | OrdinaryDividend |
Mar 06, 2020 | $0.043 | OrdinaryDividend |
Feb 07, 2020 | $0.051 | OrdinaryDividend |
Jan 06, 2020 | $0.069 | OrdinaryDividend |
Dec 06, 2019 | $0.065 | OrdinaryDividend |
Nov 07, 2019 | $0.044 | OrdinaryDividend |
Oct 07, 2019 | $0.069 | OrdinaryDividend |
Sep 09, 2019 | $0.069 | OrdinaryDividend |
Aug 07, 2019 | $0.067 | OrdinaryDividend |
Jul 08, 2019 | $0.068 | OrdinaryDividend |
MAAX - Fund Manager Analysis
Managers
David Schassler
Start Date
Tenure
Tenure Rank
May 15, 2019
3.05
3.1%
Mr. Schassler joined VanEck in 2012. He serves as the Head of VanEck’s Portfolio and Risk Solutions Group “PARS”. PARS serves as a quantitative analysis resource for VanEck’s active and passive investment strategies, particularly in the areas of asset allocation and risk modeling. PARS also conducts its own asset allocation and product development research, utilizing objective macroeconomic/ fundamental, technical, and sentiment data and metrics. Mr. Schassler also serves as Portfolio Manager for the VanEck NDR Managed Allocation Fund and the VanEck Vectors Real Asset Allocation ETF. He previously served as Director of Manager Research and as an Investment Committee Member for VanEck’s multi-manager alternatives strategies, where he was responsible for manager search and selection of alternative investment strategies. Prior to joining VanEck, Mr. Schassler served as Director and Portfolio Manager within the UBS Portfolio Strategy Group where he was responsible for a multi-manager portfolio of assets for domestic-based clients. He previously held sales and client relationship roles at Oppenheimer & Co. and Georgeson, Inc. Mr. Schassler received an MBA in Finance from the New York University Leonard N. Stern School of Business and a BS in Business Economics from Cortland College.
John Lau
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Mr. Lau has been with Van Eck Associates Corporation since 2007.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.23 | 1.58 |