XMPT Fees and Costs — VanEck CEF Muni Income ETF
Data updated: 2026-09-25
The net expense ratio is 3.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $37K in broker commissions, 0.0194% of average net assets, and portfolio turnover was 13%.
XMPT Fees and Expenses
Annual operating expenses and sales charges of XMPT. Prospectus, as of September 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 3.40% |
| Fee waiver | — |
| Net expense ratio | 3.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
XMPT Costs Over Time
On $10,000 invested in XMPT, assuming 5% a year before costs, total costs come to $2,038 over 5 years, cutting the return by 3.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 3.40%) | $357 | $1,086 | $1,836 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $55 | $191 |
| Total costs | $359 | $1,147 | $2,038 |
| Value after costs | $10,141 | $10,429 | $10,725 |
| Impact on return, per year | 3.59% | 3.59% | 3.59% |
XMPT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0194%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $91.7M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
XMPT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12K | 33.09% |
| Jefferies LLC | $12K | 32.63% |
| Morgan Stanley & Co. LLC | $5K | 14.53% |
| UBS Securities LLC | $5K | 12.60% |
| J.P. Morgan Securities LLC | $2K | 5.10% |
| Citigroup Global Markets Inc. | $561 | 1.53% |
| Goldman Sachs & Co. LLC | $189 | 0.51% |
XMPT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $91.7M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.