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XMPT VanEck Vectors CEF Municipal Income ETF

  • Fund Description

    The VanEck Vectors CEF Municipal Income ETF (XMPT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of S-Network Municipal Bond Closed-End Fund Index (CEFMX), which is intended to track the overall performance of the U.S.-listed closed-end funds that invest in U.S. dollar denominated tax-exempt market.

  •  
      

    • 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

      Quarterly
  •  
    as of 06/24/16

    • 30-Day SEC Yield1

      4.80%
    • Total Net Assets

      $104.9M
    • Number of Holdings

      78
    • Options

      Expected
    • Gross Expense Ratio2

      1.60%
    • Net Expense Ratio/TER2

      1.43%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      06/30/2016
  • 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

      Quarterly
  • Top 10 Constituents (%) as of 05/31/16

    Total Constituents: 77
    Constituent Name
    Ticker
    Weightings (%)
    Nuveen Dividend Advantage Mu
    NVG US
    9.26
    Nuveen Dividend Adv Muni 3
    NZF US
    6.36
    Blackrock Municipal Target
    BTT US
    4.45
    Nuveen Municipal Value Fund
    NUV US
    4.12
    Nuveen Ins T/F Adv Municipal
    NEA US
    3.18
    Nuveen Premium Inc Muni Fd 2
    NPM US
    2.90
    Nuveen Premium Inc Muni Fund
    NPI US
    2.66
    Nuveen Performance Plus Muni
    NPP US
    2.61
    Eaton Vance Municipal Bond F
    EIM US
    2.55
    Invesco Van Kampen Municipal
    VMO US
    2.25
    Top 10 Total (%)40.34
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.