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Name

As of 12/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck CEF Muni Income ETF

XMPT | ETF

$22.15

$238 M

5.73%

$1.27

1.98%

Vitals

YTD Return

9.7%

1 yr return

9.1%

3 Yr Avg Return

-4.9%

5 Yr Avg Return

-0.1%

Net Assets

$238 M

Holdings in Top 10

51.0%

52 WEEK LOW AND HIGH

$22.3
$20.75
$23.19

Expenses

OPERATING FEES

Expense Ratio 1.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck CEF Muni Income ETF

XMPT | ETF

$22.15

$238 M

5.73%

$1.27

1.98%

XMPT - Profile

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return -4.9%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.17%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck CEF Muni Income ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jul 12, 2011
  • Shares Outstanding
    6650000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than federal alternative minimum tax (“AMT”)). The Fund is a “fund of funds,” meaning that it invests all or a portion of its assets in other funds (the “Underlying Funds”). The Fund normally invests at least 80% of its total assets in securities of issuers that comprise the Fund’s benchmark index. The CEFMX Index is comprised of shares of U.S.-listed closed-end funds.
The Underlying Funds invest in municipal bonds issued by states or local governments or agencies the income of which is exempt from U.S. federal income tax, but a portion of this income may be subject to the AMT and will generally be subject to state income taxes. The Fund’s investment policy to invest at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than AMT) requires shareholder approval before it can be changed. The Fund may count investments that generate income subject to the AMT toward the 80% investment requirement.
The Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), places limits on the percentage of the total outstanding stock of an Underlying Fund that may be owned by the Fund.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the CEFMX Index by investing in a portfolio of securities that generally replicates the CEFMX Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the CEFMX Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the CEFMX Index.
The Fund may become “non-diversified” as defined under the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the CEFMX Index. This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the CEFMX Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the CEFMX Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the CEFMX Index concentrates in an industry or group of industries.
Read More

XMPT - Performance

Return Ranking - Trailing

Period XMPT Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -5.5% 40.1% 0.67%
1 Yr 9.1% -5.4% 44.9% 0.81%
3 Yr -4.9%* -11.2% 6.6% 95.70%
5 Yr -0.1%* -7.0% 1104.3% 89.00%
10 Yr 3.0%* -1.0% 248.9% 4.02%

* Annualized

Return Ranking - Calendar

Period XMPT Return Category Return Low Category Return High Rank in Category (%)
2023 -1.4% -1.4% 41.0% 100.00%
2022 -27.5% -39.7% 0.3% 99.45%
2021 3.9% -5.6% 6.9% 0.82%
2020 3.4% -2.6% 310.0% 4.20%
2019 15.4% 0.0% 26.0% 0.14%

Total Return Ranking - Trailing

Period XMPT Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -5.5% 40.1% 0.67%
1 Yr 9.1% -5.4% 44.9% 0.81%
3 Yr -4.9%* -11.2% 6.6% 95.70%
5 Yr -0.1%* -7.0% 1104.3% 89.00%
10 Yr 3.0%* -1.0% 248.9% 4.02%

* Annualized

Total Return Ranking - Calendar

Period XMPT Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -1.3% 41.0% 99.06%
2022 -24.0% -39.7% 1.1% 99.32%
2021 7.9% -4.8% 23761504.0% 0.62%
2020 7.7% -1.5% 17057.9% 2.66%
2019 20.3% 0.2% 3514.6% 0.29%

XMPT - Holdings

Concentration Analysis

XMPT Category Low Category High XMPT % Rank
Net Assets 238 M 3.22 M 71.9 B 67.61%
Number of Holdings 56 4 13418 96.91%
Net Assets in Top 10 116 M -317 M 3.09 B 38.75%
Weighting of Top 10 51.05% 1.8% 100.3% 2.42%

Top 10 Holdings

  1. Nuveen Quality Municipal Income Fund 8.03%
  2. Nuveen AMT-Free Quality Municipal Income Fund 8.02%
  3. Nuveen AMT-Free Municipal Credit Income Fund 7.87%
  4. Nuveen Municipal Credit Income Fund 7.75%
  5. BlackRock Municipal 2030 Target Term Trust 5.08%
  6. Nuveen Municipal Value Fund Inc 4.69%
  7. Nuveen Municipal High Income Opportunity Fund 2.66%
  8. BlackRock MuniYield Quality Fund III Inc 2.36%
  9. BlackRock Municipal Income Fund Inc 2.33%
  10. BlackRock MuniYield Quality Fund Inc 2.25%

Asset Allocation

Weighting Return Low Return High XMPT % Rank
Stocks 		99.77% 0.00% 99.77% 0.07%
Cash 		0.23% -50.86% 44.62% 76.96%
Preferred Stocks 		0.00% 0.00% 0.07% 96.10%
Other 		0.00% -3.69% 53.54% 89.79%
Convertible Bonds 		0.00% 0.00% 0.93% 96.09%
Bonds 		0.00% 0.00% 150.86% 99.93%

Stock Sector Breakdown

Weighting Return Low Return High XMPT % Rank
Utilities 		0.00% 0.00% 0.00% 37.50%
Technology 		0.00% 0.00% 0.00% 37.50%
Real Estate 		0.00% 0.00% 0.00% 37.50%
Industrials 		0.00% 0.00% 100.00% 37.50%
Healthcare 		0.00% 0.00% 0.00% 37.50%
Financial Services 		0.00% 0.00% 0.00% 37.50%
Energy 		0.00% 0.00% 0.00% 37.50%
Communication Services 		0.00% 0.00% 100.00% 37.50%
Consumer Defense 		0.00% 0.00% 0.00% 37.50%
Consumer Cyclical 		0.00% 0.00% 100.00% 50.00%
Basic Materials 		0.00% 0.00% 0.00% 37.50%

Stock Geographic Breakdown

Weighting Return Low Return High XMPT % Rank
US 		99.77% 0.00% 99.77% 0.07%
Non US 		0.00% 0.00% 10.22% 96.10%

XMPT - Expenses

Operational Fees

XMPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.98% 0.01% 8.02% 2.15%
Management Fee 0.40% 0.00% 1.20% 44.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XMPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XMPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XMPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 283.00% 28.04%

XMPT - Distributions

Dividend Yield Analysis

XMPT Category Low Category High XMPT % Rank
Dividend Yield 5.73% 0.00% 14.51% 1.88%

Dividend Distribution Analysis

XMPT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XMPT Category Low Category High XMPT % Rank
Net Income Ratio 4.17% -0.53% 5.33% 2.58%

Capital Gain Distribution Analysis

XMPT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

XMPT - Fund Manager Analysis

Managers

Peter Liao

Start Date

Tenure

Tenure Rank

Jul 12, 2011

10.89

10.9%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin

Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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