Market Vectors ETFs
Van Eck Mutual Funds
High-Yield Municipal Index ETF
Long Municipal Index ETF
Intermediate Municipal Index ETF
BDC Income ETF
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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.
30-Day SEC Yield1
Total Net Assets
Number of Holdings
Gross Expense Ratio2
Net Expense Ratio/TER2
Next Distribution Date
The S-Network Municipal Bond Closed-End Fund Index (CEFMX) is comprised of:
Four main sectors (“the sectors”) of municipal closed-end funds: Leveraged Municipal Fixed Income Closed-End Funds, Unleveraged Municipal Fixed Income Closed-End Funds, Leveraged High Yield Municipal Fixed Income Closed-End Funds, Unleveraged High Yield Municipal Fixed Income Closed-End Funds.
Index Weighting: The CEFMX employs a weighting methodology based on Total Net Assets, adjusted for each closed-end fund’s average discount for the previous 90 days. Capping procedures are applied when needed to assure that the index is in compliance with various U.S. regulatory guidelines governing concentration of holdings.
Index Provider: S-Network Global Indexes