XMPTVanEck 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 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
CEFMXTR -
Index Rebalancing
Quarterly
as of 03/04/21
-
30-Day SEC Yield1
4.06% -
Total Net Assets
$166.4M -
Number of Holdings
64 -
Options
Expected -
Gross Expense Ratio2
2.02% -
Net Expense Ratio/TER2
2.02% -
Distribution Frequency
Monthly
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 03/04/21
-
30-Day SEC Yield1
4.06% -
Distribution Yield1
3.99% -
12-Month Yield1
3.94% -
Taxable Equivalent 30-Day SEC Yields1a
-
12% Federal Tax Rate
4.61% -
22% Federal Tax Rate
5.21% -
24% Federal Tax Rate
5.34% -
32% Federal Tax Rate
5.97% -
35% Federal Tax Rate
6.25% -
37% Federal Tax Rate
6.44%
Fees & Expenses2
-
Management Fee
0.40% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
1.62% -
Gross Expense Ratio
2.02% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
2.02%
Premium/Discount: CEFs Held by XMPT Download
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
5,925,000 -
Estimated Cash
XMPTEU -
Total Cash
XMPTTC -
CUSIP
92189F460 -
ISIN
US92189F4607
Investment Professionals
James Colby III
- Portfolio Manager for non-taxable Fixed Income ETFs and Senior Municipal Strategist
- Joined VanEck in 2007
- Prior to joining VanEck, held several senior municipal fixed income positions at Lord Abbett, John Hancock Funds, Old Harbor Capital and Evergreen Asset Management
- Member of National Municipal Buyers Conference (Chairman, 1996), Municipal Forum of New York, Boston Fixed Income Management Society and The Economics Club of New York
- MBA, Finance, Hofstra University
- BA, Economics and International Relations, Brown University
Daniel Cho
- Analyst for Fixed Income ETFs
- Joined VanEck in 2013
- Prior to his current role, held a portfolio administration position for the firm’s alternative investment funds
- MS, Finance, University of Rochester
- BS, Information Sciences and Technology, Pennsylvania State University
Stephanie Wang
- Quantitative Analyst for Fixed Income ETFs
- Joined VanEck in 2016
- MS, Financial Engineering, Baruch College
- BBA, Finance, Baruch College
Jared Model
- Trader for Fixed Income ETFs
- Joined VanEck in 2017
- Previously, Trader at Beck, Mack & Oliver LLC and monitored markets and executed equity and fixed income trades and Fixed Income Operations at Gleacher & Company Securities, Inc.
- MBA, Finance, Montclair State University
- BS, concentration in Accounting and Finance, minor in Computer Science, University of Vermont
Prices as of 03/04/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 07/12/11 |
|
---|---|---|---|---|---|---|---|---|
XMPT (NAV) | -1.78 | 1.59 | -0.40 | 4.81 | 8.19 | 5.14 | -- | 6.41 |
XMPT (Share Price) | -2.02 | 1.29 | -0.85 | 4.72 | 8.19 | 5.05 | -- | 6.39 |
CEFMXTR (Index) | -1.76 | 1.69 | -0.72 | 5.28 | 8.64 | 5.49 | -- | 6.79 |
Performance Differential (NAV - Index) | -0.02 | -0.10 | 0.32 | -0.47 | -0.45 | -0.35 | -- | -0.38 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 07/12/11 |
|
---|---|---|---|---|---|---|---|---|
XMPT (NAV) | 2.00 | 6.58 | 7.32 | 7.32 | 6.71 | 5.97 | -- | 6.56 |
XMPT (Share Price) | 2.16 | 7.21 | 7.60 | 7.60 | 6.86 | 5.94 | -- | 6.60 |
CEFMXTR (Index) | 2.43 | 7.11 | 7.88 | 7.88 | 7.13 | 6.30 | -- | 6.99 |
Performance Differential (NAV - Index) | -0.43 | -0.53 | -0.56 | -0.56 | -0.42 | -0.33 | -- | -0.43 |
Top 10 Holdings (%) as of 02/28/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
NUVEEN QUALITY MUNICIPAL INCOME FUND |
NAD US
|
887,745
|
13,316,175 | 8.00 | |
NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME |
NVG US
|
805,616
|
13,187,934 | 7.92 | |
NUVEEN AMT-FREE QUALITY MUNICIPAL INCOM |
NEA US
|
896,766
|
13,003,107 | 7.81 | |
NUVEEN MUNICIPAL CREDIT INCOME FUND |
NZF US
|
611,231
|
9,755,247 | 5.86 | |
BLACKROCK MUNICIPAL 2030 TARGET TERM TR |
BTT US
|
304,371
|
7,651,887 | 4.60 | |
NUVEEN MUNICIPAL VALUE FUND INC |
NUV US
|
514,608
|
5,629,812 | 3.38 | |
BLACKROCK MUNIYIELD QUALITY FUND III IN |
MYI US
|
328,357
|
4,583,864 | 2.75 | |
EATON VANCE MUNICIPAL BOND FUND |
EIM US
|
314,393
|
4,134,268 | 2.48 | |
INVESCO MUNICIPAL OPPORTUNITY TRUST |
VMO US
|
295,417
|
3,843,375 | 2.31 | |
INVESCO VALUE MUNICIPAL INCOME TRUST |
IIM US
|
226,234
|
3,517,939 | 2.11 | |
Top 10 Total (%) | 47.22 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Currency Exposure (%)
as of 02/28/21
-
U.S. Dollar
99.83 -
Other/Cash
0.17