SNET Closed End Municipal Bond Fund

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As of May 02, 2022

Overview

The S-Network Municipal Bond Closed-End Fund Index (TICKER: CEFMX) is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the US that are principally engaged in asset management processes designed to produce federally tax-exempt annual yield. The CEFMX employs a modified total net assets weighting methodology designed to assure accurate investment exposure across the various business segments that together comprise the federally tax-exempt annual yield sector of the closed-end fund market. The CEFMX is divided into four main closed-end fund sectors: a) Leveraged Municipal Fixed Income Closed-End Funds; b) Unleveraged Municipal Fixed Income Closed-End Funds; c) Leveraged High Yield Municipal Fixed Income Closed-End Funds; and d) Unleveraged High Yield Municipal Fixed Income Closed-End Funds.
Asset class
Equity
Category
Benchmark
Region
North America
Rebalance frequency
Quarterly

Tickers

Price return
CEFMX
Total return
CEFMXTR
Net total return

Characteristics

Number of constituents
56
Market capitalization
$35.92 Billion
Adjusted market capitalization
$35.71 Billion
Dividend yield
5.42%

Resources

Composition

Top constituents

As of
December 3, 2024
Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

Company Name
Company Name
Weight

10.8%

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Linked products

Product name
VanEck Vectors CEF Municipal Income ETF
Licensee

Van Eck Associates Corp.

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Insights

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