XMPT
VanEck Vectors CEF Municipal Income ETFXMPT Fund Description
XMPT provides exposure to an index of US-listed muni-bond closed-end funds.
XMPT Factset Analytics Insight
XMPT offers broad muni bond exposure through the lens of US-listed closed end funds. The ETF’s underlying funds fall into 4 categories depending on whether they are leveraged and/or high-yield. CEFs lack the arbitrage mechanism baked into ETFs, so they often trade at premiums or discounts to fair value. XMPT favors CEFs that trade at a discount, with the idea that such CEFs are more likely to increase in value and deliver a higher yield relative to market price.The yield is enhanced by the relatively modest leverage that some of underlying CEFs use. In practice the underlying leverage may average at roughly 30%, which pales next to the 200% or 300% found in some geared ETFs, but still adds a measure of volatility and downside risk to go with the upside of juicier yields. XMPT’s fee stands out as high next to vanilla fixed income ETFs because it includes the expenses of the underlying funds.
XMPT CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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XMPT Top 10 Holdings [View All]
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.
XMPT Tradability
XMPT Top 10 Holdings[View All]
XMPT Performance Statistics
XMPT HOLDINGS STATISTICS
XMPT AVG LIFE MATURITY DISTRIBUTION
XMPT OAS BREAKDOWN
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