XMPT

VanEck CEF Muni Income ETF

$22.00

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The VanEck CEF Muni Income ETF (XMPT) seeks to provide current income exempt from federal income tax by investing in a portfolio of closed-end municipal bond funds.

Overview

ETF tracking VanEck CEF Muni Income ETF

Category Municipal Bonds

Issuer VanEck

Inception Date 2018-12-28

Market Cap $180.4M

Average Volume N/A

Dividend Yield 4.88%

52-Week Range $20.18 - $22.90

VWAP $21.99

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The VanEck CEF Muni Income ETF (XMPT) seeks to provide current income exempt from federal income tax by investing in a portfolio of closed-end municipal bond funds.

🎯 Investment Strategy

The fund invests in a diversified portfolio of closed-end municipal bond funds that primarily hold investment-grade municipal bonds. The portfolio is actively managed to maintain exposure to the municipal bond market while seeking to generate attractive tax-exempt income.

✨ Key Features

Provides exposure to the municipal bond market through a portfolio of closed-end funds
Aims to generate current income exempt from federal income tax
Actively managed to maintain diversification and seek optimal risk-adjusted returns
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The underlying closed-end funds may hold bonds with varying credit quality, including some below investment grade
Liquidity risk: Closed-end funds may trade at a discount to their net asset value, affecting the ETF's price
Concentration risk: The ETF's performance is tied to the municipal bond market and may be more volatile than a more diversified fund

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and exposure to the municipal bond market, with a medium to long-term investment horizon and a moderate risk tolerance.