XMPTVanEck Vectors CEF Municipal Income ETF
XMPT Fund Description
XMPT is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds.
XMPT Factset Analytics Insight
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 ETF’s 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 CEF’s 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.
XMPT Summary Data
XMPT Portfolio Data
XMPT Index Data
XMPT Portfolio Management
XMPT Tax Exposures
XMPT Fund Structure
XMPT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XMPT. XMPT is rated a N/A out of 5.