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XMPT

VanEck
CEF Muni Income ETF

As of November 30, 2025

Fund Details

Fund Ticker XMPT
Intraday NAV (IIV) XMPTIV
Index Ticker CEFMXTR
Total Net Assets ($M) 190.76
Number of Holdings 1
Exchange CBOE
Inception Date 07/12/11
Distribution Frequency Monthly

Yields

30-Day SEC Yield1 5.92%
Taxable Equivalent Yields
12% Federal Tax Rate 6.73%
22% Federal Tax Rate 7.59%
24% Federal Tax Rate 7.79%
32% Federal Tax Rate 8.71%
35% Federal Tax Rate 9.11%
37% Federal Tax Rate 9.40%
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A taxable equivalent yield represents what a taxable investment would have to earn in order to match, after deducting federal income taxes, the yield available on a tax-exempt investment.

Fees and Expenses

Management Fee 0.40%
Other Expenses 0.01%
Acquired Fund Fees and Expenses 1.56%
Gross Expense Ratio 1.97%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 1.97%

Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at September 1, 2026. “Other Expenses” have been restated to reflect current fees.

About XMPT

The VanEck CEF Muni Income ETF (XMPT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of S-Network Municipal Bond Closed-End Fund Index (CEFMXTR), which is intended to track the overall performance of the U.S.-listed closed-end funds that invest in U.S. dollar denominated tax-exempt market.

Top 10 Holdings

Holding Name
Ticker
Shares
 % of Net Assets
Nuveen AMT-Free Quality Municipal Incom
NEA US
1,345,994
 8.17
Nuveen Quality Municipal Income Fund
NAD US
1,260,502
 7.96
Nuveen AMT-Free Municipal Credit Income
NVG US
1,164,810
 7.75
Nuveen Municipal Credit Income Fund
NZF US
1,044,119
 6.97
Blackrock Municipal 2030 Target Term Tr
BTT US
487,057
 5.74
Nuveen Municipal Value Fund Inc
NUV US
1,098,987
 5.24
Pimco Municipal Income Fund Ii
PML US
827,252
 3.35
Blackrock Muniyield Quality Fund Inc
MQY US
481,283
 2.88
Nuveen Municipal High Income Opportunit
NMZ US
473,688
 2.64
Blackrock Muniyield Quality Fund Iii In
MYI US
457,089
 2.62
Top 10 Total 53.32
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 11/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/12/11
XMPT (NAV) -0.49 5.55 6.90 1.29 4.64 -0.24 2.84 4.04
XMPT (Share Price) -0.80 5.41 6.76 1.24 4.61 -0.30 2.83 4.03
CEFMXTR (Index) 0.03 7.33 7.92 2.28 5.25 0.27 3.28 4.48
Performance Differential (NAV - Index) -0.52 -1.78 -1.02 -0.99 -0.61 -0.51 -0.44 -0.44
Quarter End as of 09/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/12/11
XMPT (NAV) 4.59 5.81 5.93 0.19 7.18 0.46 3.06 4.03
XMPT (Share Price) 4.65 5.89 5.99 0.26 7.15 0.52 3.07 4.03
CEFMXTR (Index) 4.62 4.81 5.20 -0.41 7.25 0.65 3.33 4.34
Performance Differential (NAV - Index) -0.03 1.00 0.73 0.60 -0.07 -0.19 -0.27 -0.31

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

XMPT

VanEck
CEF Muni Income ETF

As of November 30, 2025

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

The Fund's performance, because it is a fund of funds, is dependent on the performance of the underlying funds. The Fund is subject to the risks of the underlying funds' investments, and the Fund's shareholders will indirectly bear the expenses of the underlying funds. In addition, at times certain segments of the market represented by the underlying funds may be out of favor and underperform other segments. The shares of a closed-end fund may trade at a discount or premium to its net asset value ("NAV"). Additionally, the securities of closed-end investment companies in which the Fund will invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage through an investment in such securities. An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund's long-term returns on such securities (and, indirectly, the long-term returns of the Shares) will be diminished. An investment in the Fund may be subject to risks which include, among others, fund of funds, investing in closed-end funds, New York, Texas, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversification, and index-related concentration risks, all of which may adversely affect the Fund. A portion of the dividends you receive may be subject to the federal alternative minimum tax (AMT). There is no guarantee that Fund's income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value.

The CEFMX Index is published by VettaFi. VettaFi does not sponsor, endorse, or promote the Fund and bears no liability with respect to the Fund or any security.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017

FUND TICKER: XMPT 800.826.2333 VANECK.COM