VanEck CEF Muni Income ETF

XMPT

Market cap $178M

Overview Fund Activity

21.94 USD

+0.09

0.41%

At close Updated Sep 17, 11:40 AM EDT

1 day

0.41%

5 days

1.15%

1 month

5.43%

3 months

5.33%

6 months

1.29%

Year to date

1.2%

1 year

-5.14%

5 years

-19.01%

10 years

-13.52%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

9% more funds holding

Funds holding: 46 [Q1] → 50 (+4) [Q2]

0.55% less ownership

Funds ownership: 53.24% [Q1] → 52.69% (-0.55%) [Q2]

3% less capital invested

Capital invested by funds: $92.5M [Q1] → $89.6M (-$2.97M) [Q2]

6% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 18

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Financial journalist opinion

XMPT: ETF Fund-Of-Funds Exposure To Muni CEFs

XMPT offers diversified, tax-exempt municipal bond exposure through a passive fund-of-funds CEF approach, which introduces leverage and discount/premium dynamics. The underlying portfolio leverage boosted recent returns, but also meaningful discount narrowing brings us to relatively less attractive valuations, potentially limiting future upside potential. The distribution yield is quite high, but this is a function of an attempt to reduce discounts in the underlying holdings rather than payouts that are being covered entirely.

XMPT: ETF Fund-Of-Funds Exposure To Muni CEFs

XMPT: An Expensive Fund Of Funds

XMPT is a fund of funds ETF investing in municipal bond CEFs, resulting in two layers of management fees without clear outperformance. The fund's appeal lies in tax-free income, making it attractive for higher-rate US taxpayers seeking yield, but less so for others. XMPT's 1.98% expense ratio is high, eroding yield and offering little value versus building a diversified muni CEF portfolio directly.

XMPT: An Expensive Fund Of Funds

Corporate vs. Municipal Bonds: Key Differences Every Investor Should Know

Compare corporate and municipal bonds, including risks, returns, and tax benefits. Learn which bond type fits your investment goals.

Corporate vs. Municipal Bonds: Key Differences Every Investor Should Know

XMPT: Muni Bond Fund Of Funds, Tax-Advantaged, Competitive Dividend

XMPT is an ETF investing in muni bond CEFs. It focuses on investment-grade bonds, offering investors a tax-advantaged 5.4% SEC yield. XMPT provides higher after-tax income for investors in higher tax brackets.

XMPT: Muni Bond Fund Of Funds, Tax-Advantaged, Competitive Dividend

XMPT: An ETF Of Closed-End Funds With Good Yield

VanEck CEF Municipal Income ETF offers high tax-free yields by investing in closed-end funds focused on U.S. municipal bonds, leveraging unique discount opportunities. The XMPT ETF's 30-Day SEC Yield of 4.85% surpasses many competitors, driven by leverage and discounted CEF purchases, despite a higher expense ratio of 1.98%. The fund provides diversification across various municipal sectors, potential capital appreciation, and risk management, making it appealing for high-tax-bracket investors.

XMPT: An ETF Of Closed-End Funds With Good Yield

XMPT: Muni Bond CEFs Looking More Appealing

VanEck CEF Municipal Income ETF offers diversification in the municipal bond space through closed-end funds.

Passive Vs. Active ETFs Of CEFs

While ETFs are traditionally passive products, active opportunities in the broader ETF market have been growing significantly over the past few years. Active ETFs of CEFs have historically had lower distribution rates than their passive counterparts.

Passive vs. Active ETFs of CEFs

Closed-end funds (CEFs) are relatively under the radar compared to peers like exchange-traded funds (ETFs) and mutual funds. Closed-end funds are generally desirable for two reasons: 1) high income; and 2) premium/discount mechanism.

Nuveen High Yield Muni: Generational Opportunity In Muni CEFs

Municipal bond closed-end funds (CEFs) are recommended as a top trade idea for 2024, offering the potential for high total returns in a relatively safe asset class.

Income Investing Playbook 2024: Navigating the New Interest Rate Regime

Yields have reset higher across fixed income markets, leaving bonds well positioned in a range of different economic and interest rate scenarios in 2024. Introduction to Income Investing Income investing is a strategy that aims to generate a steady stream of income from investments, typically through interest payments or dividends.

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