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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 08/20/14

    • 30-Day SEC Yield1

      5.71%
    • 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

      08/29/2014
  • Index Key Points

    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

  • Index Profile
     

    • Ticker

      CEFMXTR
    • Inception Date

      06/03/2011
    • Rebalance Frequency

      Monthly
  • Index Top 10 Constituents (%)as of 07/31/14

    Total Constituents: 85
    Constituent Name
    Ticker
    Weightings (%)
    Nuveen Municipal Value Fund
    XNUVX US
    4.10
    Blackrock Municipal Target
    BTT US
    3.73
    Nuveen Municipal Opportunity
    XNIOX US
    3.63
    Nuveen Premium Inc Muni Fd 2
    XNPMX US
    2.87
    Nuveen Ins T/F Adv Municipal
    NEA US
    2.83
    Nuveen Premium Inc Muni Fund
    XNPIX US
    2.55
    Invesco Municipal Opportuni
    XVMOX US
    2.46
    Blackrock Muniyield Quality
    XMYIX US
    2.44
    Nuveen Performance Plus Muni
    XNPPX US
    2.35
    Nuveen Quality Income Muni
    XNQUX US
    2.27
    Top 10 Total (%)29.23
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.