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ETF-Of-ETFs Targets Muni Space: (MAAX)

FYI: Today VanEck launched an ETF-of-ETFs that targets the municipal bond space and mainly holds ETFs that are also issued by VanEck. The VanEck Vectors Municipal Allocation ETF (MAAX) is actively managed based on a quantitative model that considers momentum, duration and credit risk.

MAAX comes with an expense ratio of 0.36%—which includes a 0.08% management fee—and lists on Cboe Global Markets, parent company of
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