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Looking to invest in municipal bonds for tax advantaged income, but not sure where to start? Where should you be positioned on the investment grade yield curve? Should you own high yield munis? How much, and when? With so many nuanced choices and decisions, investors can be left feeling overwhelmed and unable to decide. Or even worse, sitting on the sidelines. We believe most investors that pay federal income taxes can benefit from owning this asset class.

Introducing MAAX: The VanEck Municipal Allocation ETF. MAAX is a first of its kind muni ETF which seeks maximum long-term return in the form of capital appreciation with attractive income generally exempt from federal income tax. Using a proprietary model to allocate to various segments of the market, MAAX also seeks to reduce risk during appropriate times using various objective, data-driven indicators in an attempt to identify periods of heightened credit and/or duration risks with the goal of participating in up markets, and protecting in down markets.

If you are looking for potential growth and tax exempt income with embedded risk management, MAAX may be a smarter way to access the municipal market.

Expect more from your munis, with MAAX and VanEck.

IMPORTANT DISCLOSURE

An investment in the Fund may be subject to risks which include, fund of funds risk, high portfolio turnover, model and data risks, management, operational, authorized participant concentration and absence of prior active market risks, trading issues, market, fund shares trading, premium/discount and liquidity of fund shares and non-diversified risks. The fund may be subject to following risks as a result of investing in Exchange Traded Products including municipal securities, credit, high yield securities, tax, interest rate, call, state concentration and sector concentration risks. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that a Funds’ income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax (AMT) rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. A portion of the dividends you receive may be subject to AMT.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.