Skip directly to Accessibility Notice

XMPT
VanEck CEF Muni Income ETF

Fund Description

The VanEck CEF Muni 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
  • Inception Date

    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 05/19/22

  • 30-Day SEC Yield1

    5.37%
  • Total Net Assets

    $156.6M
  • Number of Holdings

    60
  • Options

    No
  • Gross Expense Ratio2

    2.32%
  • Net Expense Ratio/TER2

    2.32%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    05/31/2022
Why Invest?

Morningstar™ Ratings3
as of 04/30/2022

Category Overall 3 Year 5 Year
Muni National Long
4 stars of 149 funds
3 stars of 149 funds
4 stars of 126 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 05/19/22

  • 30-Day SEC Yield1

    5.37%
  • Distribution Yield1

    4.53%
  • 12-Month Yield1

    4.97%
  • Taxable Equivalent 30-Day SEC Yields1a

  • 12% Federal Tax Rate

    6.10%
  • 22% Federal Tax Rate

    6.88%
  • 24% Federal Tax Rate

    7.07%
  • 32% Federal Tax Rate

    7.90%
  • 35% Federal Tax Rate

    8.26%
  • 37% Federal Tax Rate

    8.52%
 1/1a See Important Disclosure for definitions.

Fees and Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    --
  • Acquired Fund Fees and Expenses

    1.92%
  • Gross Expense Ratio

    2.32%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    2.32%

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.

 

 

Trading Information

  • Fund Ticker

    XMPT
  • Index Total Return Ticker

    CEFMXTR
  • NAV

    XMPTNV
  • Intraday NAV (IIV)5

    XMPTIV
  • Shares Outstanding

    7,025,000
  • Estimated Cash

    XMPTEU
  • Total Cash

    XMPTTC
  • CUSIP

    92189F460
  • ISIN

    US92189F4607
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 05/19/22

  • Yield to Worst

    6.92%
  • Yield to Maturity

    7.73%
  • Effective Duration (yrs)

    12.22
  • Duration to Worst (yrs)

    12.26
  • Modified Duration (yrs)

    16.31
  • Spread Duration (yrs)

    12.44
  • Years to Maturity

    18.74
  • Coupon

    4.79%
 4See Important Disclosure for definitions.

Premium/Discount: CEFs Held by XMPT as of 05/18/2022 Daily 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.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Associate Portfolio Manager 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
  • Associate Portfolio Manager for Fixed Income ETFs
  • Joined VanEck in 2016
  • MS, Financial Engineering, Baruch College
  • BBA, Finance, Baruch College
  • Senior Trader, Portfolio Analyst 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 05/19/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
XMPT $22.30
$22.25
84,416
26,762
$-0.02 / -0.10%
$-0.02 / -0.09%
-23.37%
-23.79%
$-0.05
-0.21%
0.13%

Premium/Discount History as of 05/19/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 163 47 36 46 26
XMPT Days closed at NAV 15 5 5 2 2
Days closed at a discount 74 11 23 16 34

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) -6.30 -12.69 -19.42 -15.82 0.46 1.88 3.24 4.41
XMPT (Share Price) -6.95 -12.59 -19.93 -16.02 0.32 1.78 3.16 4.38
CEFMXTR (Index) -6.28 -12.61 -19.34 -15.51 0.87 2.25 3.61 4.79
Performance Differential (NAV - Index) -0.02 -0.08 -0.08 -0.31 -0.41 -0.37 -0.37 -0.38
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/12/11
XMPT (NAV) -5.25 -14.00 -14.00 -8.42 2.91 3.57 4.15 5.08
XMPT (Share Price) -4.57 -13.95 -13.95 -8.10 3.03 3.64 4.17 5.12
CEFMXTR (Index) -5.22 -13.94 -13.94 -8.07 3.33 3.94 4.53 5.47
Performance Differential (NAV - Index) -0.03 -0.06 -0.06 -0.35 -0.42 -0.37 -0.38 -0.39

Top 10 Holdings (%) as of 04/30/22 Daily Holdings

Total Holdings: 60
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Nuveen AMT-Free Quality Municipal Incom
NEA US
1,110,319
13,834,575 8.11
Nuveen Quality Municipal Income Fund
NAD US
1,070,710
13,705,088 8.03
Nuveen AMT-Free Municipal Credit Income
NVG US
847,872
11,683,676 6.85
Nuveen Municipal Value Fund Inc
NUV US
1,013,367
9,312,843 5.46
Nuveen Municipal Credit Income Fund
NZF US
573,277
7,567,256 4.44
Blackrock Municipal 2030 Target Term Tr
BTT US
273,923
6,083,830 3.57
Blackrock Municipal Income Fund Inc
MUI US
402,386
4,933,252 2.89
Blackrock Muniyield Quality Fund Inc
MQY US
367,422
4,703,002 2.76
Blackrock Muniyield Quality Fund Iii In
MYI US
380,743
4,496,575 2.64
Nuveen Municipal High Income Opportunit
NMZ US
335,527
4,100,140 2.40
Top 10 Total (%) 47.14
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Currency Exposure (%)
as of 04/30/22

  • U.S. Dollar

    99.84
  • Other/Cash

    0.16