Key stats
About VanEck CEF Muni Income ETF
Home page
Inception date
Jul 12, 2011
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189F4607
XMPT is a fund of closed-end funds that provides broad exposure to municipal bonds that are exempt from US federal tax exposure through the lens of US-listed closed end funds (CEFs). The ETFs underlying funds fall into four categories depending on whether they are leveraged and/or high-yield. A committee maintains a list of CEFs that are divided into sectors, based on the CEFs stated investment style. After review, the committee selects CEFs based on their overall standards for risk and sound business practice. Weighting is based on total net assets of the CEFs, adjusted for each CEFs average discount for the previous 90 days. Effectively, overweighting CEFs trading at discount. Take note that CEFs lack the arbitrage mechanism baked into ETFs, so they often trade at premiums or discounts to fair value. The index is reconstituted annually and rebalanced quarterly.
Related funds
Classification
What's in the fund
Exposure type
Mutual fund
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XMPT assets under management is 169.84 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XMPT invests in funds. See more details in our Analysis section.
XMPT expense ratio is 1.97%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XMPT isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, XMPT pays dividends to its holders with the dividend yield of 6.06%.
XMPT shares are issued by Van Eck Associates Corp.
XMPT follows the S-Network Closed End Municipal Bond Fund Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 12, 2011.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.