VanEck CEF Muni Income ETF (XMPT) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a US-listed ETF from VanEck. It tracks the S-Network Closed End Municipal Bond Fund Index. Key facts — expense ratio 1.97%; net assets about $198M; inception Jul 12, 2011. Its 1-year return is -5.07%.
Fund details
Fund overview
This is a US-listed ETF from VanEck. It tracks the S-Network Closed End Municipal Bond Fund Index. Key facts — expense ratio 1.97%; net assets about $198M; inception Jul 12, 2011. Its 1-year return is -5.07%.
24 identified stocks · net exposure / NAV 87.15%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
24 identified stocks · net exposure / NAV 87.15%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 68.0% of the fund. The concentration index (HHI) is 556 — Low — evenly diversified, and the largest sector is Financials (100%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (556), so no single holding dominates.
Financials alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.97% a year is on the high side — about 19.7% over a decade, so it needs a reason to earn that.
Net assets of $198M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (556), so no single holding dominates.
Financials alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.97% a year is on the high side — about 19.7% over a decade, so it needs a reason to earn that.
Net assets of $198M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 20 holdings
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | Nuveen AMT-Free Quality Municipal Income FundNEA | 8.57% |
| 2 | BlackRock MuniHoldings FundMHD | 8.16% |
| 3 | Nuveen Quality Municipal Income FundNAD | 7.92% |
| 4 | Nuveen Municipal Credit Income FundNZF | 6.98% |
| 5 | BlackRock MuniYield Quality FundMQY | 6.96% |
| 6 | Nuveen AMT-Free Municipal Credit Income FundNVG | 6.60% |
| 7 | Blackrock Municipal 2030 Target Term TrustBTT | 6.34% |
| 8 | Nuveen Municipal High Income Opportunity FundNMZ | 5.63% |
| 9 | Nuveen Municipal Value FundNUV | 5.44% |
| 10 | BlackRock MuniYield Quality Fund IIIMYI | 5.43% |
| 11 | PIMCO Municipal Income Fund IIPML | 4.16% |
| 12 | BlackRock MuniAssets FundMUA | 3.38% |
| 13 | Nuveen Select Tax-Free Income PortfolioNXP | 2.86% |
| 14 | Aberdeen Municipal Income FundMFM | 2.79% |
| 15 | Western Asset Managed Municipals FundMMU | 2.59% |
| 16 | Eaton Vance Municipal Bond FundEIM | 2.54% |
| 17 | Invesco Municipal Opportunity TrustVMO | 2.26% |
| 18 | BNY Mellon Strategic MunicipalsLEO | 1.93% |
| 19 | Invesco Municipal TrustVKQ | 1.86% |
| 20 | Invesco Trust for Investment Grade MunicipalsVGM | 1.64% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Concentration (HHI) is low at 556, with the top 10 holdings at just 68.0% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Financials alone is 100% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, RDFI, overlaps only 7% (2 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
What it is made of
The fund holds 36 positions in total; this page lists the largest 24 and folds the rest into "Others".
Equities are 87.2% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
The expense ratio is 1.97% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.
This page is not investment advice. Investment decisions and responsibility are your own.
XMPT comments
Leave a one-line take on VanEck CEF Muni Income ETF. No account — just a nickname and a code to delete it later.
Loading…
Similar ETFs
Picked by how much their actual holdings overlap. The higher the overlap, the less diversification you get from owning both.