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  • Ticker:- XMPT;true;CEFMXTR;
  • Ticker Group:- ETFFI_MI;false;;
  • Making News

    InvestmentNews: Muni Bond Fund Rebound Appears to Have Legs


    3/13/14: InvestmentNews’ Carol O’Donnell suggests that municipal bonds may be worthwhile for investors to examine despite poor performance during 2013. According to James Colby, municipal bond supply is normalizing and “The question is whether demand is healthy enough to absorb these additional sales without a drop in price.”

    View article » 



    The WSJ: Detroit Rattles Muni Market


    8/07/13: In light of Detroit’s recent default, The Wall Street Journal considers the wider implications of replacing older bonds with new ones that have different terms, as the city’s emergency manager suggests doing. James Colby opines, “You really break the foundation of debt markets if municipalities can freely restructure their obligations.”

    View article » 



    ETF Trends: Sell-Off in Municipal Bond ETFs May be Overdone


    6/18/13: Tom Lydon considers the shift some investors have made away from municipal bond ETFs due to anxiety about higher interest rates. It may be an “overreaction,” he writes. Lydon suggests investing in SMB and consults James Colby, who contends that “muni bonds offer attractive taxable equivalent yields.”

    View article » 



    WSJ: Should You Buy Taxable Muni Bonds?


    06/05/13: According to The Wall Street Journal, institutional investors and mutual funds that can’t capitalize on tax breaks are buying taxable munis, but MV’s James Colby says, “I don’t doubt for a moment that some of these bonds are finding their way into individual accounts.”

    View article » 



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CEF Municipal Income ETF XMPT

  • Full Name: Market Vectors®
    CEF Municipal Income ETF (XMPT)

    Management Style: Replication

    Underlying Index: The S-Network Municipal Bond Closed-End Fund Index (CEFMX)

    Index Description: CEFMX is composed of shares of municipal closed-end funds listed in the United States that are principally engaged in asset management processes designed to produce federally tax exempt annual yield.

  •  
     

    • Fund Ticker

      XMPT
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      CEFMXTR
    • Index Provider

      S-Network Global Indexes, LLC
    • Total Net Assets

      $31.7M
    • Shares Outstanding

      1,250,000
    • Number of Holdings

      86
    • Commencement Date

      07/12/2011
  •  
    as of 04/23/14

  • Key Points

    • Potential High Level of Tax-Exempt Income
      A portfolio of municipal CEFs that may produce yields higher than most other fixed income investments

    • Diversification by Asset, Strategy and Manager
      Reduced single fund risk with a portfolio of CEFs managed by leading active fixed income managers

    • The Discount Advantage
      Index assigns a greater weight to CEFs trading at discounts, potentially enhancing yield and the opportunity for capital appreciation
  • Yields
    as of 04/23/14

    • 30-Day SEC Yield1

      5.83%
    • Distribution Yield1

      5.74%
    • 12-Month Yield1

      5.80%
    • Taxable Equivalent 30-Day SEC Yields1a

    • Federal Tax Rate of 15%

      6.86%
    • Federal Tax Rate of 25%

      7.78%
    • Federal Tax Rate of 28%

      8.10%
    • Federal Tax Rate of 33%

      8.70%
    • Federal Tax Rate of 39.6%

      9.66%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.63%
    • Acquired Fund Fees and Expenses

      1.25%
    • Gross Expense Ratio

      2.28%
    • Fee Waivers and
      Expense Reimbursement

      (0.63)%
    • Net Expense Ratio

      1.65%
    2Expenses for XMPT are capped contractually at 0.40% until 09/01/14. Cap excludes certain expenses such as interest, offering costs, trading expenses, taxes, extraordinary expenses and Acquired Fund Fees and Expenses (AFFEs). See Important Disclosure for more information.
  • Premium/Discount: CEFs Held by XMPTDownload »

     

    This chart does not represent XMPT's premium/discount. It represents the weighted average premium/discount of the underlying closed-end funds (CEFs) held by XMPT. There are many factors that influence the up-down movement of a closed-end fund's share price, such as the fund's yield, performance, and investor demand.

  • Trading Information

    • Fund Ticker

      XMPT
    • Index Total Return Ticker

      CEFMXTR
    • NAV

      XMPTNV
    • Intraday NAV (IIV)5

      XMPTIV
    • Shares Outstanding

      1,250,000
    • Estimated Cash

      XMPTEU
    • Total Cash

      XMPTTC
    • CUSIP

      57060U332
    • ISIN

      US57060U3326
    5See IIV Details. Source: Bloomberg
  • Prices as of 04/23/14

    TickerNAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    XMPT $25.34
    $25.37
    11,962
    4,491
    $0.12 / +0.5%
    $0.11 / +0.4%
    + 8.4%
    + 8.4%

    $0.03
    0.13%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/12/11
    XMPT (NAV) 0.41 8.29 8.29 -5.98 -- -- -- 5.49
    XMPT (Share Price) 0.53 8.33 8.33 -6.19 -- -- -- 5.55
    CEFMX (Index) 0.44 7.74 7.74 -5.58 -- -- -- 5.93
    Performance Differential (NAV - Index) -0.03 0.55 0.55 -0.40 -- -- -- -0.44
    After Tax Held -- -- -- -8.39 -- -- -- 3.26
    After Tax Sold -- -- -- -3.44 -- -- -- 3.34
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/12/11
    XMPT (NAV) 0.41 8.29 8.29 -5.98 -- -- -- 5.49
    XMPT (Share Price) 0.53 8.33 8.33 -6.19 -- -- -- 5.55
    CEFMX (Index) 0.44 7.74 7.74 -5.58 -- -- -- 5.93
    Performance Differential (NAV - Index) -0.03 0.55 0.55 -0.40 -- -- -- -0.44
    After Tax Held -- -- -- -8.39 -- -- -- 3.26
    After Tax Sold -- -- -- -3.44 -- -- -- 3.34
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 86
    Holding Name
    Ticker
    Shares Market Value
    (US$)
    % of Net
    Assets
    Nuveen Municipal Value Fund
    NUV US
    123,387
    1,170,449 4.27
    Nuveen Insured Municipal Opportunity Fu
    NIO US
    79,183
    1,095,338 4.00
    Blackrock Municipal Target Term Trust
    BTT US
    47,131
    903,678 3.30
    Nuveen Insured Tax-Free Advantage Munic
    NEA US
    67,119
    873,118 3.19
    Nuveen Premium Income Municipal Fund 2
    NPM US
    59,616
    802,551 2.93
    Nuveen Premium Income Municipal Fund
    NPI US
    53,384
    703,708 2.57
    Invesco Van Kampen Municipal Opportunit
    VMO US
    55,777
    680,479 2.48
    Nuveen Performance Plus Municipal Fund
    NPP US
    45,339
    659,546 2.41
    Nuveen Quality Income Municipal Fund In
    NQU US
    46,900
    626,514 2.29
    Eaton Vance Municipal Bond Fund
    EIM US
    51,292
    609,349 2.22
    Top 10 Total (%) 29.66

    These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      100.16
    • Other

      -0.16
    • Total

      100.00