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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 09/23/14

    • 30-Day SEC Yield1

      5.73%
    • Total Net Assets

      $34.5M
    • Number of Holdings

      86
    • Options

      Expected
    • Gross Expense Ratio2

      2.04%
    • Net Expense Ratio/TER2

      1.65%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
  • Portfolio Composition (%)
    as of 08/31/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      0.00
    • Other

      99.76
    • Cash

      0.24
    • Total

      100.00
    XMPT is a "fund of funds" and invests its assets in other funds. At least 80% of the Fund's total assets are invested in securities of issuers that comprise the Fund’s benchmark index, the CEFMX Index, which includes shares of U.S.-listed closed-end funds that invest in municipal bonds.
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      99.76
    • Other

      0.24
    • Total

      100.00
  • 3-YR Risk Measures*
    as of 08/31/14

    • Beta vs. S&P 500 Index

      -0.12
    • Correlation vs. S&P 500 Index

      -0.13
    • Volatility (Standard Deviation)

      10.31
    • Sharpe Ratio

      0.63

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6