| Fund Description |
| 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. |
| Fund Profile |
| Fund Name |
Vaneck Municipal Allocation ETF |
| Fund Exchange Ticker |
MAAX |
| Fund Sponsor |
Van Eck Associates Corporation |
| Fund ISIN |
US92189H5081 |
| Net Expense Ratio |
0.35 % |
| Fund Inception Date |
15 May 2019 |
| Fund Legal Structure |
ETF (Open end fund) |
| Exchange |
BATS |
| Listing Country Code |
US |
| Fund Investment Objective |
| ETF Type Specific |
Bonds - Municipal |
| Asset Class |
Bonds |
| Index Linked |
Active |
| Index Name |
Not Applicable |
| Index Provider |
Not Applicable |
| Currency Hedged |
No |
| Inverse / Leveraged |
Not Applicable |
| Developed / Emerging |
Developed Market Funds |
| Bond Type |
Municipal |
| Credit Quality |
Fund Holds Both Investment Grade & High Yield |
| Average Maturity |
Fund Holds All Maturity Ranges |
| Bond Currency Denomination |
USD |
| Key Statistics |
| Return As of Date |
5 December 2022 |
| Asset Under Management |
2.73 Million (USD) |
| 1 Month Total Return |
5.11 % |
| Year To Date Return |
-14.90 % |
| 1 Year Total Return |
-14.69 % |
| 3 Year Annualized Total Return |
-4.60 % |
| NAV |
20.98 |
| Share Outstanding |
130,000 |