XMPT

VanEck Vectors CEF Municipal Income ETF
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*Unless otherwise stated, data provided by FactSet.

XMPT 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

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/16/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
XMPT 1.47% 5.74% 15.83% 12.25% 2.85% 6.53% --
XMPT (NAV) 1.57% 5.77% 15.80% 12.43% 2.85% 6.56% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XMPT Top 10 Holdings [View All]

XMPT Summary Data

VanEck
07/12/11
Open-Ended Fund
1.56%
$154.45M
$939.06K
0.10%

XMPT Portfolio Data

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08/01/19
65

XMPT Index Data

S-Network Municipal Bond Closed-End Fund Index
Market Value
Market Value
N/A

XMPT Portfolio Management

1.56%
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XMPT Tax Exposures

20.00% / 39.60%
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Ordinary income
No

XMPT Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

XMPT Factset Analytics Block Liquidity

As of 07/18/19
5
4
3
2
1

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

35,245
$939.06K
27,976
$739.12K
0.10%
$0.03
0.03%
0.32% / -0.47%
None
100.00%
50,000
0.56
0.04%
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$27.10
N/A

XMPT Top 10 Holdings[View All]

8.13%
8.11%
8.07%
5.06%
4.94%
4.54%
2.89%
2.81%
2.57%
2.17%
49.29%

XMPT Performance Statistics

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XMPT HOLDINGS STATISTICS

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65
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XMPT AVG LIFE MATURITY DISTRIBUTION

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XMPT OAS BREAKDOWN

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