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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 (CEFMXTR), 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

    Cboe

  • Commencement

    07/12/2011

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    CEFMXTR

  • Index Rebalancing

    Quarterly

 
as of 04/09/20

  • 30-Day SEC Yield1

    4.54%

  • Total Net Assets

    $137.8M

  • Number of Holdings

    62

  • Options

    Expected

  • Gross Expense Ratio2

    1.86%

  • Net Expense Ratio/TER2

    1.86%

  • Distribution Frequency

    Monthly

  • Next Distribution Date

    04/30/2020

Morningstar™ Ratings3
as of 2/29/2020

Category Overall 3 Year 5 Year
Muni National Long
5 stars of 146 funds
5 stars of 146 funds
5 stars of 134 funds

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 04/09/20

  • 30-Day SEC Yield1

    4.54%

  • Distribution Yield1

    4.04%

  • 12-Month Yield1

    4.33%

  • Taxable Equivalent 30-Day SEC Yields1a

  • 12% Federal Tax Rate

    5.16%

  • 22% Federal Tax Rate

    5.82%

  • 24% Federal Tax Rate

    5.97%

  • 32% Federal Tax Rate

    6.68%

  • 35% Federal Tax Rate

    6.98%

  • 37% Federal Tax Rate

    7.21%
 1/1a See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%

  • Other Expenses

    --

  • Acquired Fund Fees and Expenses

    1.46%

  • Gross Expense Ratio

    1.86%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    1.86%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

Premium/Discount: CEFs Held by XMPT Download

3 Months | 6 Months | 1 Year | 3 Years | 5 Years |

 

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

    5,400,000

  • Estimated Cash

    XMPTEU

  • Total Cash

    XMPTTC

  • CUSIP

    92189F460

  • ISIN

    US92189F4607
5See IIV Details. Source: Bloomberg

Prices as of 04/09/20

NAV/
Market 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 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
XMPT $25.52
$25.38		 107,262
574,361		 $0.79 / +3.20%
$0.58 / +2.34%		 -6.17%
-6.71%
 $-0.14
-0.55%		 --

Premium/Discount History as of 04/09/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 149 33 40 43 40
XMPT Days closed at NAV 27 6 7 10 2
Days closed at a discount 76 24 17 11 20

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/12/11
XMPT (NAV) -8.64 -6.83 -6.83 1.55 3.55 3.86 -- 5.43
XMPT (Share Price) -8.52 -6.81 -6.81 1.62 3.57 3.88 -- 5.44
CEFMXTR (Index) -8.59 -6.99 -6.99 2.00 3.90 4.19 -- 5.80
Performance Differential (NAV - Index) -0.05 0.16 0.16 -0.45 -0.35 -0.33 -- -0.37
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/12/11
XMPT (NAV) -8.64 -6.83 -6.83 1.55 3.55 3.86 -- 5.43
XMPT (Share Price) -8.52 -6.81 -6.81 1.62 3.57 3.88 -- 5.44
CEFMXTR (Index) -8.59 -6.99 -6.99 2.00 3.90 4.19 -- 5.80
Performance Differential (NAV - Index) -0.05 0.16 0.16 -0.45 -0.35 -0.33 -- -0.37

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/29/20 Daily Holdings

Total Holdings: 63
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
NUVEEN AMT-FREE QUALITY MUNICIPAL INCOM
NEA US
1,024,497
15,029,371 8.10
NUVEEN QUALITY MUNICIPAL INCOME FUND
NAD US
1,003,547
14,912,708 8.03
NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME
NVG US
884,025
14,727,857 7.93
BLACKROCK MUNICIPAL 2030 TARGET TERM TR
BTT US
390,173
9,504,614 5.12
NUVEEN MUNICIPAL CREDIT INCOME FUND
NZF US
558,703
9,101,272 4.90
NUVEEN MUNICIPAL VALUE FUND INC
NUV US
707,595
7,507,583 4.04
BLACKROCK MUNIYIELD QUALITY FUND III IN
MYI US
422,547
5,957,913 3.21
EATON VANCE MUNICIPAL BOND FUND
EIM US
445,324
5,851,557 3.15
INVESCO MUNICIPAL OPPORTUNITY TRUST
VMO US
374,230
4,696,587 2.53
INVESCO TRUST FOR INVESTMENT GRADE MUNI
VGM US
302,921
3,922,827 2.11
Top 10 Total (%) 49.12

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Currency Exposure (%)
as of 03/31/20

  • U.S. Dollar

    100.13

  • Other/Cash

    -0.13