XMPT Market Vectors CEF Municipal Income ETF

Seeks to track, before fees and expenses, the S-Network Municipal Bond Closed-End Fund Index. The Index is intended to track the overall performance of the U.S.-listed closed-end funds that invest in U.S. dollar denominated tax-exempt bonds. To be eligible for inclusion in the index, the closed-end fund must have a minimum market capitalization greater than $100 million and must have as its stated objective one of the four categories: a) Leveraged Municipal fixed income; b) Leveraged Municipal high yield fixed-income; c) Unleveraged Municipal fixed income; and d) Unleveraged Municipal High Yield fixed income. The Index excludes certain closed-end funds that maintain expense ratios over 2% per year and trade at premiums to net asset value of more than 20%. The Index employs a weighting methodology based on Total Net Assets, adjusted for each closed-end fund’s average discount for the previous 90 days.

$24.50  +0.12 (0.49%)
As of 08/12/2022 15:59:54 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Van Eck
Category1:  Special Security Types
Category2:  Closed end funds
Category3:  
Morningstar category:  Muni National Long
Leverage factor:  1.00
Inception date:  07/12/2011
Index tracking method: Passive replication
Current yield:  4.33%
Historical average yield:  4.79%
Market cap:  $174,562,500
Average volume:  73,306
Fees:     1.5600%

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Index Information

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S Network Municipal Fixed Income CEF Index
Index symbol:  CEFMX
Provider:   S-Network Global Indexes
Total return index symbol:  CEFMXTR
Index weighting:   Other
Index inception date:  12/31/2005
Backtesting data exists:   Yes
Number of holdings:  69  (as of 09/29/2017)
Rebalanced:  Quarterly
Reconstituted:  Semi-annually