XMPT is an ETF investing in muni bond CEFs. It focuses on investment-grade bonds, offering investors a tax-advantaged 5.4% SEC yield. XMPT provides higher after-tax income for investors in higher tax brackets.
VanEck CEF Municipal Income ETF offers high tax-free yields by investing in closed-end funds focused on U.S. municipal bonds, leveraging unique discount opportunities. The XMPT ETF's 30-Day SEC Yield of 4.85% surpasses many competitors, driven by leverage and discounted CEF purchases, despite a higher expense ratio of 1.98%. The fund provides diversification across various municipal sectors, potential capital appreciation, and risk management, making it appealing for high-tax-bracket investors.