VanEck CEF Muni Income ETF (XMPT) — ()
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XMPT: An Expensive Fund Of Funds
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Sentiment: Positive ()
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 …
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About VanEck CEF Muni Income ETF XMPT
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). It 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.