ITM

VanEck Vectors AMT-Free Intermediate Municipal Index ETF
B

79
*Unless otherwise stated, data provided by FactSet.

ITM Fund Description

ITM tracks a market weighted index of tax-exempt municipal bonds dated within the last 5 years and with nominal maturities of 6-17 years.

ITM Factset Analytics Insight

ITM is a popular intermediate municipal bond ETF that represents the market well, with a few minor biases. It's heavily concentrated in general obligation bonds at the expense of revenue bonds, and it favors bonds maturing between 5-10 years rather than longer-dated issues. Its shorter average maturity gives ITM a shorter duration, which also drives down yield. Still, the fund offers excellent muni exposure overall. ITM trades well on a retail level, though block trades are challenging due to the general lack of liquidity in the muni space. Its expense ratio and big asset tally give ITM a strong Efficiency foundation, though it suffers from the tracking difficulties that afflict many funds in the muni space. Still, its solid exposure and reasonable Efficiency and liquidity make ITM an Analyst Pick.

ITM CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 05/20/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ITM 1.73% 3.44% 4.87% 8.22% 2.59% 3.53% 4.33%
ITM (NAV) 1.88% 3.38% 5.07% 8.13% 2.71% 3.58% 4.38%
Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index 1.80% 3.58% 5.21% 8.47% 3.08% 4.12% 5.00%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ITM Top 10 Countries [View All]

ITM Top 10 Sectors

ITM Top 10 Holdings [View All]

ITM Summary Data

VanEck
12/04/07
Open-Ended Fund
0.24%
$1.74B
$6.31M
0.03%

ITM Portfolio Data

6.92
11.12 years
3.19%
06/03/19
3258

ITM Index Data

Market Value
AMT-Free
Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index

ITM Portfolio Management

0.24%
-0.47%
-0.30%
-0.78%

ITM Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

ITM Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

ITM Factset Analytics Block Liquidity

As of 05/21/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ITM. ITM is rated a 2 out of 5.

ITM Tradability

129,230
$6.31M
108,979
$5.30M
0.03%
$0.01
-0.14%
0.21% / -0.63%
None
100.00%
50,000
2.18
0.02%
--
51
$49.47
2

ITM Sector/Industry Breakdown


ITM
Segment Benchmark
61.06%
63.01%
35.12%
34.40%
3.57%
2.57%
0.25%
0.00%
0.00%
0.02%

ITM Top 10 Holdings[View All]

0.44%
0.18%
0.14%
0.11%
0.09%
0.07%
0.05%
0.03%
0.01%
0.01%
1.13%

ITM Top 5 Countries


ITM
Segment Benchmark
16.20%
16.28%
13.25%
15.33%
10.01%
8.99%
4.89%
4.93%
4.69%
4.37%

ITM Top 5 Currencies


ITM
Segment Benchmark
100.00%
100.00%

ITM Economic Development


ITM
Segment Benchmark
98.01%
97.40%
2.00%
2.55%

ITM Performance Statistics

1.00
1.00
--
--
--

ITM HOLDINGS STATISTICS


ITM
Segment Benchmark
11.12 years
8.04 years
6.92
5.16
0.08
0.12
2.10
0.19
3.19%
2.86%
6.91
5.15
Low
--
3258
13119
A+
N/A

ITM MATURITY DISTRIBUTION


ITM
Segment Benchmark
0.00%
0.00%
0.00%
0.00%
0.03%
1.10%
8.11%
37.92%
27.57%
57.05%
64.03%
3.93%

ITM CREDIT BREAKDOWN


ITM
Segment Benchmark
16.72%
15.88%
55.40%
53.92%
22.23%
23.05%
5.07%
6.83%
0.04%
0.06%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%