• Ticker:- XMPT;true;CEFMXTR;
  • Ticker Group:- ETFFI_MI;false;;
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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 Provider: S-Network Global Indexes, LLC

    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
    • Commencement

      07/12/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      CEFMXTR
    • Index Rebalancing

      Monthly
  •  
    as of 07/28/14

    • 30-Day SEC Yield1

      5.72%
    • Total Net Assets

      $34.7M
    • Number of Holdings

      86
    • Options

      Expected
    • Gross Expense Ratio2

      2.28%
    • Net Expense Ratio/TER2

      1.65%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/31/2014
  • 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 07/28/14

    • 30-Day SEC Yield1

      5.72%
    • Distribution Yield1

      5.65%
    • 12-Month Yield1

      5.68%
    • Taxable Equivalent 30-Day SEC Yields1a

    • Federal Tax Rate of 15%

      6.73%
    • Federal Tax Rate of 25%

      7.63%
    • Federal Tax Rate of 28%

      7.94%
    • Federal Tax Rate of 33%

      8.54%
    • Federal Tax Rate of 39.6%

      9.47%
     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/TER2

      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). TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". 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

      1,350,000
    • Estimated Cash

      XMPTEU
    • Total Cash

      XMPTTC
    • CUSIP

      57060U332
    • ISIN

      US57060U3326
    5See IIV Details. Source: Bloomberg
  • Prices as of 07/28/2014

    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 $25.68
    $25.71
    10,100
    4,088
    $-0.04 / -0.14%
    $0.01 / +0.04%
    + 12.6%
    + 12.6%

    $0.03
    0.12%
  • 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) -0.29 5.27 14.00 7.80 -- -- -- 6.88
    XMPT (Share Price) -0.37 5.18 13.94 7.54 -- -- -- 6.90
    CEFMX (Index) -0.28 5.37 13.53 8.26 7.79 -- -- 7.30
    Performance Differential (NAV - Index) -0.01 -0.10 0.47 -0.46 -- -- -- -0.42
    After Tax Held -- -- -- 5.02 -- -- -- 4.58
    After Tax Sold -- -- -- 4.27 -- -- -- 4.33
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/12/11
    XMPT (NAV) -0.29 5.27 14.00 7.80 -- -- -- 6.88
    XMPT (Share Price) -0.37 5.18 13.94 7.54 -- -- -- 6.90
    CEFMX (Index) -0.28 5.37 13.53 8.26 7.79 -- -- 7.30
    Performance Differential (NAV - Index) -0.01 -0.10 0.47 -0.46 -- -- -- -0.42
    After Tax Held -- -- -- 5.02 -- -- -- 4.58
    After Tax Sold -- -- -- 4.27 -- -- -- 4.33
  • View All Holdings »Top 10 Holdings (%)as of 06/30/14

    Total Holdings: 86
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Nuveen Municipal Value Fund
    NUV US
    148,632
    1,438,1634.12
    Nuveen Insured Municipal Opportunity Fu
    NIO US
    88,995
    1,262,2163.62
    Blackrock Municipal Target Term Trust
    BTT US
    57,472
    1,172,6443.36
    Nuveen Premium Income Municipal Fund 2
    NPM US
    73,232
    1,018,8042.92
    Nuveen Insured Tax-Free Advantage Munic
    NEA US
    73,806
    999,9612.86
    Nuveen Premium Income Municipal Fund
    NPI US
    65,675
    897,2522.57
    Blackrock Muniyield Quality Fund Iii In
    MYI US
    61,403
    852,5192.44
    Nuveen Performance Plus Municipal Fund
    NPP US
    54,906
    809,1502.32
    Invesco Van Kampen Municipal Opportunit
    VMO US
    63,438
    799,3192.29
    Eaton Vance Municipal Bond Fund
    EIM US
    63,668
    791,3932.27
    Top 10 Total (%)28.77

    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 06/30/14

    • U.S. Dollar

      100.07
    • Other

      -0.07
    • Total

      100.00