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See exactly how XMPT's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for XMPT and 80,000+ other tickers.
The VanEck CEF Muni Income ETF, trading under the symbol XMPT, aims to mirror as precisely as possible the financial returns of the S-Network Municipal Bond Closed-End Fund Index (CEFMXTR), prior to factoring in expenses. This benchmark tracks the overall performance of closed-end funds listed in the U.S. which allocate capital to U.S. dollar-denominated municipal bonds offering tax-exempt income.
Muni ETFs just posted record inflows. Jim Colby on why low volatility, strong risk-adjusted returns, and tax-advantaged yields keep drawing investors in.
VanEck CEF Muni Income ETF offers diversified, tax-exempt muni bond exposure via a passive, fund-of-funds structure. XMPT's underlying CEFs employ leverage, increasing volatility and interest rate sensitivity; the current effective duration is 13.48 years. Distribution yield is 5.69%, but significant portions are return of capital, not fully covered by earnings, raising concerns about sustainability.
Today's market environment is pushing investors to look beyond traditional fixed income for higher yield. VanEck's income-focused ETFs provide access across asset classes.
VanEck's muni bond ETF kept all 49 holdings intact during its fourth quarter rebalance but executed an internal rotation favoring higher-yielding funds over investment-grade names, according to index data from VettaFi.
VanEck CEF Muni Income ETF offers diversified exposure to municipal bonds via closed-end funds, capturing leverage and CEF discounts/premiums. XMPT currently yields nearly 6%, significantly higher than traditional muni ETFs like MUB, but a portion of distributions is return of capital, impacting tax treatment. Underlying CEF discounts have narrowed, boosting XMPT's performance, though discounts remain wider than pre-2023 levels.